BTC - Long Term Support Line Soon Touched

in bitcoin •  7 years ago 

Hello all,

Here was the chart of yesterday :

BTCUSD.jpg

Here is the current chart :

BTCUSD2.jpg

As you can see, we are still in the direction of my objective. However, you can see that I added a second suport line in red.

Here you can see from where this line is coming :

BTCUSD.jpg

This support line has been created by the lows that we had in February around 6000$ but also the lows that we had beginning of April. This support line is a very long term support and I expect that if we go touch that line, it will create an immediate bounce. Be aware that this bounce could start also just before this line to avoid all the buyers who will wait the test of the support to enter in the trade.

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.

BARRE STEEMIT.jpg

Are you looking for a user friendly way to exchange your cryptos in £, $, € ?
Do you want them spendable directly via a dedicate Visa card ?
You prefer a quick transfer on your bank account ?
I can recommend you the platform Wirex

BARRE STEEMIT.jpg

You would like exchange your cryptos with the lowest fee possible ?
With my daily exchanges of cryptos, I can recommend you the platform Binance

BARRE STEEMIT.jpg

CryptoPassion-Bannière.jpg

BARRE STEEMIT.jpg

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Good time to enter the market.

stop this bear market asap

Seems like the whole market is waiting for EOS to see how the launch goes. I'm tempted to enter a small position now, but no open orders. Preferably follow the market closely and take position when I feel more comfortable. What about the low volumes, do you think if we break support and go below 6k this could create a bigger dump to 5k or so? Cheers

Yeah we will definitely see 6K region if this doesn't hold

My feelings and analysis is that it won't hold this time. Markets are just way too weak.

I wish a strong rise for the bitcoin in the near future Thank you for publication

This support line is a very long term support and I expect that if we go touch that line, it will create an immediate bounce.

Thank you that information.

Seems very likely that support will be found here, however stay cautious cause if it breaks it could lead to a massive move down imo

False