BTC - Correction done - Testing previous top

in #bitcoin7 years ago (edited)

Hello all,

It looks like the correction is already finished and has been less important than what I was expecting :

BTCUSD.jpg

We have not been able to touch the MMA13 where I put a green circle and we are trying now to test the previous top around $7600.

Two main scenarios are possible :

  • We do a double top and make a bigger correction than the one we just finished
  • We break that top and we will make new highs for the Bitcoin

Please keep an eye on the $7600 level and see what is happening there.

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 - Correction terminée - Nous testons le sommet précédent

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Thanks for the update on these technicals.

I usually do not look at the technical indicators, but I appreciate it when and if I come across a clear presentation that clarifies the movements and the trend.

After watching the price skyrocket for the past 6 months, I wondered if this recent correction might involve a larger and longer retracement. Apparently it was just a minor correction.

I suppose the fundamental strength of bitcoin and its phenomenal potential will override any technical indicators that point downwards.

Full Steem Ahead, and All Cryptos Upwards.

Thank you for your comment my friend.
I'm full crypto myself hehe and I can only be agree with you.

Expecting it to reach $8000 before the fork

So it could go up or it could go down...do you lean any way?

I'm waiting that we test the Top around 7600$. Why bid now for a direction when you have simply to look that point to know where we will go. I'm a trader, not a player in a casino my friend.

I hear you...its a traders tool...was trying to use it as a passive investor just to catch some bigger trends up and down...but...it appears much too fickle...I guess it has to be a dedicated approach...thanks.

Be really careful, for sure it can be very profitable to bid on the good direction but very dangerous also. It is less risky to follow the trend. Take care

Appreciate the advice.

Long Bitcoin ,Short The World!

Thanks for your advice. I am agree with you. We should've always deposit our minimum living cost to avoid any uncertainty.

oh nice keep up

Thanks for a great post.

great information cryptocurrency :)

My long term view is bullish so I think it will breaks all resistances and make new highs. Now steem is not moving with btc not only steem all coins unable to catch momentum.

thanks for sharing information @cruptopassion..