BTC - Resistance line broken during that second attempt

in bitcoin •  7 years ago  (edited)

Hello all,

Yesterday I was saying you that we were trying to break the resistance line for the second time with that chart :

BTCUSD.jpg

Here is the current chart :

BTCUSD.jpg

We should now have one of the 2 scenario that I drawn in green :

  • We should start to do higher highs to confirm the break out
  • We should use the line in red which is now a support line to help to do the break out

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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Looks like this break out is real then. With all the new users it’s going to be really interesting times ahead when we start to take off again.

@grizgal exactly my thoughts as i read the post. Influx of new users everyday. More influencers coming in in droves. Its really a great time ahead. I am very in touch with this break out. Watchful ever.

Loads of new users registering in exchanges. More exchange staff. Better back ends at exchanges. Apps like Robin Hood etc starting to give access to crypto. When we start a sustained increase in price it’s going to rocket!!

Agreed, this should really increase adoption and liquidity!

Things are looking up!

The break out is real. I've been out for it for the past few days. Thousands more are dropping into steemit everyday.

I only hear the sound BOOM!

More and more people registering for apps and exchanges. When prices start to move they are really going to take off!!

I think we have now seen the bottom, price would definitely go bullish from here on...

How do you see the price as bottom and how to tell that the price definitely going Bullish?

Market does'nt work on tech analysis, it works on sentiments and the sentiment is Chinese new year will end this week, can expect to see many investors after that...

You can’t

I was kind of worried for the pull-back, but according to your analysis, it was expected. Thanks!

Its great effort to break this line .i like your post every time .

  ·  7 years ago (edited)

This is a useful shipment for me. Thanks

i like your content, I'm following like immediately. kfb. so there is a bright chance values before the end of the first quarter of this year

That's very good news. Lets hope this is the beginning of growth and coming back to where BTC was not long ago. Good job. Thank you

let's break the resistance!
Chinese New Year is around the corner...
need some money for "red packet"
LOL

Don't know about short term but long term will be good for HODLers. I can definitely see Bitcoin at 50.000 $ at the end of 2018.

U5drEiDuSmdPxnanX9QjmxAsvrNKb3x_1680x8400.jpeg

bull trap?

Thanks for this updates...

Looks like moving sideway in consolidation between $9k to $8k

Thanks for sharing this informative post with nice and simple but really effective charts. And yes in my opinion also, the market is stable and i am also hoping that, we will face the uptrends in coming days. Let's hope for the best and also wishing you for the profits on your investments. 🙂

Stay Blessed.

Markets are still so unpredictable

Super

Wow! that may touch the peak this time.

owww........great post
thanx for share this valuable post

Thanks for the updates, @cryptopassion!
I also
see the bullish signs
in the waves:

i still believe that btc will fall out to 2k or maybe less !