BTC - Support Line at 6020$ looks solid

in bitcoin •  7 years ago  (edited)

Hello all,

it looks like the huge drop is finished for today and that we have now a consolidation/reversal in progress :

BTCUSD.jpg

The support line at $6020 has been tested during the day but we are now higher. So if we close the day higher than this support line, we cannot consider it as broken.

If this support line remains, we could use it to help us to continue the reversal.
This scenario in invalid if we are below that support line at the end of the day.

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 - La ligne de support à 6020$ semble solide

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The most likely scenario is another rally to ATH, but it is possible we could break and enter a major downtrend, but I think not yet. We shall see!

remains to be seen - $5980 touched and again bounce to $6050

I think BTC will even go harder this time.. Hitting 8K$

10000 rally just began, BTC+BCH+BTG is new king, having this new synthetic Bitcoin will make you untouchable by civil wars, to the future without fear!

there should be a spike now, cause at 8 pm ( italian time - now ) they should give free bitcoin gold ( or something similar) let's see.

That was one hell of an epic scary drop man. I hope the correction is over fore now and it will cool off for a while

I don’t know which king would be better for alts

both, this fork is good for all, Bitcoin was too fat for #10000rally, now big amount of value stored in BCH, what a point to choose, BCH was airdrop, full transparency, brilliant move, and don't forget BTG :)

Nice to read that, thank you, mate)

Great article. Have upvoted you, please upvote me.

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Very good post.
I have Resteem and Upvote your article for progress and forward together.
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image

its a strong support and i hope we will see btc will maintain it

thanks for your information..

Perfect, I was confident too that it won't get down over the support line. These predictions are really great!