BTC - Sitting just under the resistance linesteemCreated with Sketch.

in bitcoin •  6 years ago 

Hello all,

Here is the chart of yesterday :

BTCUSD.jpg

Here is the current chart :

BTCUSD.jpg

As you can see yourself on the chart, we are sitting since many hours now just under the resistance line. What does it mean??? A break Out is now imminent, just a question of hours. But stay carefull, because there is no indication that it will be a UP break out. Till now the resistance line looks powerfull and we could have also a sudden DROP because we are not able to break it. So an advice, wait that break out starts to know the direction and trade the BTC after.

I wish you massive profits,
Cryptopassion.io

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Legal Disclaimer : Never invest more than what you can afford to lose. I am not a financial advisor and the content in this article is not a financial advice. This post is for informational purposes only and provides only my personal opinion. It is important that you 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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@cryptopassion - Great analysis! The technical analysis definitely shows break out is on the horizon. Keep up the good work :)

  ·  6 years ago Reveal Comment

@jang - based on technical analysis, we will start to see movement starting next week and last about a week before cool down. TradingView Link

OK! Whatever makes you happy!...:)...