BTC - Next objective : Test the resistance line

in bitcoin •  7 years ago  (edited)

Hello all,

After the "Head Fake" that we had yesterday, the market is making a nice recovery UP :

BTCUSD.jpg

We should now have the objective to test the resistance line in orange around 6000$. Don't forget that we are approaching to the end of the triangle and that we will have big events soon on the Bitcoin. The 25th of this month, the picture of the blockchain will be taken to be used to create the Bitcoin Gold blockchain.

So after the 25th, people don't need any more to keep their Bitcoin to receive these free coins. So we should have big movements on the market around that date. The logic would say it will be a big drop but sometimes, market likes to don't do the logic so stay careful.

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.

Version française ici : [FR] BTC - Prochain Objectif : Tester la ligne de résistance

BARRE STEEMIT.jpg

CryptoPassion-Bannière.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:  

its not just the gold HF. With the segwit2x HF just around the corner, are people going to dump btc and then rebuy

Good question my friend but yeah your question is a different time frame, I expect already a big move after the Bitcoin Gold

I 95% agree ^^

Hehe I hope one day I will reach 100%

wish you luck!

I have study your Analise correct now it recover up

Let see what it turns out to be after this Hard Fork. What is your take on Bit coin Gold?

If Bitcoin Gold are listed, I will sell them immediatly.
However I didn't buy any BTC just for thse coin but yeah I gave BTC for the long term.

  ·  7 years ago (edited)

the resistance has been broken before and it could happen again, with bitcoin gold coming into play more players will be brought in in the decentralised chain to help mine it, this may trigger a buy up of more BTC thus pushing past the resistance, Bitcoin is looking good for the future, hopping bitcoin gold algorithm will allow ease use of cpu than those expensive GPU.

I don't think Bitcoin Gold will be really an important altcoin but ok let's wish it, it will make us more money

Thanks for the info re:25th, wasn't aware of this, going to try and get back in before then around the next minor correct.
Your analysis looks good too, it's currently breaking though resistance levels as I type. New all-time high by tomorrow looks about right.
It's a nice volatile bullish prediction you got there :)
Keep up the good work.

Thank you very much

thanks so much for this info.

Nice analysis

thanks for the info. keep it up

What about Segwit2x fork?

Segwit2x fork is later end for year?
This analysis is finishing end of the triangle so beginning of november.
I will update you later regarding Segwit2x fork

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by CryptoPassion from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

Calling @originalworks :)
img credz: pixabay.com
Nice, you got a 6.0% @minnowbooster upgoat, thanks to @cryptopassion
Want a boost? Minnowbooster's got your back!

The @OriginalWorks bot has determined this post by @cryptopassion to be original material and upvoted it!

ezgif.com-resize.gif

To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!
For more information, Click Here!
Special thanks to @reggaemuffin for being a supporter! Vote him as a witness to help make Steemit a better place!

great article , keep the good work

Great job.thanks for share.

Thank you for the information. It was very informative and I'm glad the market is moving up!

Bitcoin 2022. 150.000💰

Follow us and vote for the signals.%193 in one day !! Check out our blog.

Well done....
I think people need to understand one important thing, why Crypto World can change our lives.

As long as the world is looking for the need for a leader, convinced that without someone lighting the road we would be dead.
Let's start decentralizing ourselves, our soul.
And soon we will not need anybody who directs our lives.
Decentralize our lives and it will be easier to understand the importance of the Crypto world...

so owning Bitcoin on the 25th and sell it on the 26th is enough to get the new token? just by holding it one day?

Yeah, please double check on the website of Bitcoin Gold to have all the details.

hell yeah

  ·  7 years ago Reveal Comment