BTC - Still under the downtrend line but the drop looks paused

in bitcoin •  7 years ago 

Hello all,

Yesterday I was saying you that the correction is perhaps finished.

It is not yet validated but not invalidated neither :

BTCUSD.jpg

To validate the stop of the correction, we need first to break the downtrend line that I traced you in orange.

After the break of this line, a little correction is expected but we should go test the 1st resistance line of the trading canal.

Let's see how many times we will take for reach these objectives. It is the New-Year Eve, so I don't expect so much volume today but we never know.

I wish you massive profits and a Happy New-Year !
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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Keep up the great work! You can ignore that hater who sent you a transaction message about me. He's just a greedy wannabe.

Exiting moment! When it breaks out to the downside I expect a huge drop and all other crypto's will dragged with it, but when it goes to the upside I think we can bring on the bull market for 2018

Depending when they got in :-)

well explained and well analized.
for someone who has patience and money to invest. I am sure if you buy BTC at the current price you will be able to get at least 35% profit on your investment in the coming dew months.
this is a small market crash as always and then there will be a huge bubble in BTC again and we will see it around $25k or more

The price breakout is coming hodl!

It looks like it is going to be a rough couple of days at least for BTC.

Btc would get soon on 20k and thanks for informating all of us

Appreciate the tables and analysis. Keep it coming!

Questions for you all:  What wallets are best for someone who wants to start trading coins on the exchanges?  What coins are best to begin a balance with before trading for others?

Your replies are very much appreciated! Up votes welcomed also. (Just starting Steemit)

The bearish trend looks intact.. Pullback will continue unless the trend is broken, but I would suggest that we don't try and call a bottom. Better to wait for a breakout instead of being wrong and watching it continue to fall. Good luck! :)

Looks like it should

I Learn new idea from this post thanks for sharing such information i follow you and hope for good also upvote you dear @cryptopassion

Great post not yet pro at trading .i got an app on my phone .im getting so much better at it

nVe6VPw.jpg

I hope some of the other top 10 coins can see the same kind of success Ripple had yesterday, it would be nice if the whole crypto market wasn't so reliant on 1 or 2 coins. It would also be nice if bitcoin did well!

Wow nice post. This graph is given new good idea. So thanks you @cryphopassion

Hope this will follow the new trend in 2018 !

yea btc is under downtrend line :( hope so it will rise soon
@cryptopassion

One thing I like about bitcon is that, it keeps on growing fast without looking back.. soon am going to invest on it probably early next year.. thanks for sharing this with us

Very well explained buddy. Hope it moves out of trading range to the upside. Wishing u and your family a bright and prosperous 2018. Regards Nainaz.
#thealliance

  ·  7 years ago (edited)

My prediction #23 from 13 hours ago, still holds and I have nothing to add at the moment.

Happy new year 2018! Let it be this year year 10 a. s. (after satoshi)!

Thank you sir for sharing
You always upload nice and helpful post. and your website also so much helpful sir.... thanks for this

Solid performance here on STEEMIT I applaud your success. I also applaud the time frame in which you were able to achieve it. It provides me motivation..

Thank you, for this informations, hope btc grow soon!
Greetings from Brasil!
Follow you!

After the new year its going up. 2018 is going to be a good year for Crypto

Nice Insight

Good advise to us, thanks @cryptopassion

  ·  7 years ago Reveal Comment