BTC - Down Break Out

in #bitcoin8 years ago

Hello all,

Here was the chart of yesterday :

BTCUSD.jpg

Here is the current chart :

BTCUSD.jpg

As I was explaining you yesterday, after that triangle and that flat consolidation, a Break Out was needed and we had it via a DOWN Break Out where I put you an oragne circle.

It looks like that the maket is trying now to come back at the previous levels and even perhaps try to go test the resistance lines. If this trend continues, my first target is the resistance line at 8365$

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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I have a feeling its all mtgox related, I cant wait until all those coins have been sold.

Shit happens!...:)...

fuck it.. come on btc

Looks positive to me. Does not look we are going to see $7800 like everyone was predicting. Do you think $7950 was the low for now @cryptopassion?

To the Moon!

Hope it does well from now onwards.

We almost have the same target, however mine is 8,400$ after that 8,700$ is target number 2. I am currently monitoring my short term targets as shorting right now is a good option with this bearish market. Our first attempt in 2 months to break the 10,000$ level failed but If BTC will be bullish I think I will go long in this.

Still slowly crawling at 8254 for hours...
Looks now as flat as a dead man's pulse :-)

Bitcoin has to placed above $9000 for further up movement. The big station is around $12000, once it is break just go to the moon.

BTC indicators look bullish right now. MACD, Stochastic and RSI all look upward. There is still some time till it continues to grow before the next drop.
btc-usd.png