BTC - Downtrend line broken ?

in #bitcoin7 years ago

Hello all,

We just broke the downtrend line on the BTC :

BTCUSD.jpg

For sure this break is not as powerfull as I like to see but we did it.
The coming hours will be important as we need to continue the UP and don't go back lower than this line.

If we can stay upper of this one, the next big objective will be to go touch the first line in red but I will update you at this moment.

I wish you massive profits !
Cryptopassion.io

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patience needed

Hoping it holds. All though even if uptrend fails I think down side would be short lived and reversal would be quick to move us back up ..

When btc broke 12k I knew it would go on a Run!

Nice Post! Your all posts are good fri
I Follow You.

Not going to put more money into BTC... i think it was a good proof-of-concept but the developers can't keep up with all the new users, they have been talking about lightning network for 2 years and i'm still waiting...

But hey good luck to all u bitcoin investors, i like ETH more

It will touch the first red line for sure and It will surpass it again.
some kind of soul is back to the market after the last week crash,, we may see another all time high of BTC very soon.

It's staying choppily sideways and will possibly fall more... has been in a triangle and broke a bit but is falling back, crawling along the green line of the Gann fan, and now downwards again along the downtrend line - the same action I watched a few days ago before it fell straight down to the 9k low.
So I would say caution is a good idea, and yes I HOPE it will fall straight to 8k so the damn indecision will be over. Because lets be honest, that's what we've all been waiting for.
ETH doesn't look at all better. This is a risk-affine day trader's market.
btcgann.png

it is currently testing the heavy resistance ahead as shown, a break from that can begin a rally

Bitcoin is Moving in To Test Critical Resistance .png

what do you think