BTC - We are testing the resistance line - UP Break Out ?

in bitcoin •  7 years ago  (edited)

Hello all,

We are currently testing the resistance line of the trading range :

BTCUSD.jpg

It is a good sign. If we are able to break it soon, we should have as next objective the previous high on the BTC. It is possible also that this resistance line sends us to the lower to the support line. This is why we call that a trading range, because the moves are included inside these 2 lines.

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 - Nous sommes de retour dans notre canal de trading

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Thank you for good information

I also think, that this is the end of falling down. After panic Christmas selling Bitcoin. Now Bitcoin will be rising until New Year. After New Year We will se what will happen.

Fingers crossed!

hodl my friend

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Yes because bitcoin is bitcoin.

very informative post thanks for sharing and hope everything goes smooth

Bitcoin true believers can confidently ride this volatility out. Global currency demand continues to grow unabated.

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The Sky's the limit? We will see.

I never understoodbwhat these red lines meant?

I don't understand the question.

This is wave 1 of EW pattern and should see 26k first quarter.

Actually I am interested to trade as you recommend to trade in the trading platform Bitfinex
10% discount on our trading fees for 1 month via this link !which is really good offer for us.thanks @cryptopassion

i follow you

I do really agree:
"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."

and by the way..good TA..
thanks
@bitpost

I hope that its value increases soon, since I had losses with the collapse of value.

Bitcoin is a new Diamond bro @cryptopassion Merry Christmas all the best wishes for you

It would be very helpful if you publish extended chart to see previous trades in channel you are drawing. This could e.g. estimate potential strength of the resistance. Thank you in advance!

Nice analysis!

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End of year rally?

Looks like rebounding from around 12.5K is likely at this rate, since it's tested the resistance line but is heading back towards support. I think once it breaches this level it will re-test ATH for sure though.
I can't tell where you support line is coming from though, not that I don't trust it, but it'd be useful to also see a zoomed out version in future. Cimer.

Looks like it's heading back towards 12.5K now, since it's tested the resistance level but is now heading back down towards support.
I can't tell where your resistance/support levels are coming from though, it'd be good to see a zoomed out version for a better perspective in future.
Cimer.

Upvoted. Thanks for always keeping us updated!

  ·  7 years ago Reveal Comment

why you spam?!

  ·  7 years ago Reveal Comment