BTC - First attempt to break the resistance line failed

in bitcoin •  7 years ago  (edited)

Hello all,

As explained yesterday, we need now to break the resistance line in orange to continue the UP.

We did a first attempt and we failed :

BTCUSD.jpg

Let's see if we will be able to test it again and finally break it.

As I warned you also in my previous posts, if we are not able to break that line quickly, we will go back to the support line in green, so it is important that a nice buying volume comes soon to break that line.

I wish you massive profits,
Cryptopassion.io

Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.

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We have to wait and watch

again price of btc descrease why

Because

tris.jpg

With the current huge correction in the stock market, especially here in Europe, do you think people will move into crypto in fear of a potential long-term correction/bear market in stocks?

Not yet, they'll rather go for gold

its been doing well the last two days and then yesterday it went down again taking all the coins with it, the coins are trading in the red zone, hope they rebound. BTC will get better with time, hoping this week it breaks the resistance lines and surge

in my opinion bitcoin is a solid longterm investment...the layers and infrastructure that is being built will propel us all to over $1,000,000 per bitcoin...

It's appears that the buying volumes is increasing compares to the previous day volume so by default we should be breaking forth anytime soon. Thanks for the analysis @cryptopassion, this actually revealed your passion for cryptocurrency.

nice bitcoin money post my steemit friend wish you good luk

Sir your post is vry vry helpful for me

Thank you for posting an important post.

  ·  7 years ago (edited)

How low is the green line in USD $? How many days to reach the green line if continues down?

Were you able to buy during the last green line support a several days ago?

Time to get out those magic stones

time to invest in cryptocurrency

let's hope the bulls woke up and help us break that resistance line! Up voted!

excelente esta publicación felicidades

your post is so educative,am waiting to pay more attention to your upcoming posts, thank yoou

Please follow @amfeeds if you like my content .Upvote, comment, resteem are much appreciated!

Nice post.. thanks for information. I will try it..

Will somebody ever announce for some crypto currency that he will jump abnormally ... it is of course known and controlled by people who many enter the whole world ... and will somebody say something positive, after this great fall of bitcoin, now they spit on him... and he was everybody nice, when he was 15+ thousand dollars ... but people, he is alredy 8000-9000 which is very much ... I see all of him as a great revolution, something for example as an internet when come appeared in the 80's, it's a future, and it will only grow and be better ... 😉🔝https://steemfollower.com/?r=12659

Thank you for the update @cryptopassion. I have been reading your posts mainly to compare them with my own T.A. so that I can improve the work that I do at the moment.

It's unfortunate that BTC did not break the resistance, but at least it is only short term!

Thanks for all of the great updates updates, I would really appreciate any feedback you have on my posts, especially my community project, the Steemit Success Initiative.

Green line would mean $5,000 price area. Keeping my eyes on this price.

Most cryptos are dumping today... but look at the bigger picture and compare it with her twin faster sister
LTC/USD chart.

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To be on our street festival, brothers!

i think i would break bank just for trading

Interesting article! Checkout @cryptobroye for more bitcoin info and analysis. Im sure there's a lot we can learn from each other!