BTC - Correction paused with a little reversal - Drop should continue soon
Hello all,
The BTC continued his nice correction to reach $6930 level and we are no doing a little pause with a reversal :
I put the red circle around the MMA13 which is my objective and traced another red line which should allow us to go touch that objective.
So you understood it, I don't think the correction is yet finished.
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 en pause avec une petite reversale - La baisse devrait reprendre sous peu
What level is that? Do you expect it to bounce off the line and gain new highs or not?
You have the price on the right of the chart.
The MMA15 is around 6600 and the support line around 6500.
But please check the charts as it is changing quickly.
VOTED!
Thank you
no hay porque, el trabajo es tuyo :)
It's hard to predict what BTC will do.
100% correct.
For sure it is always hard but Technical Analysis can give you some indicator and this is why I'm sharing them with you.
8 days left till Segwit 2x, so technically, volumes suppose to go lower and lower, towards the deadline. As some people will cash out or will be waiting.
I higly agree with those people who predict 5.5k-6k BTC pullback, that Bitcoin need some time "to grow up". Only two factors can do the opposite effect: mass media keeps spreading the word about BTC + Wall Street is starting to show interest in BTC.... so "fresh money" is coming and will be coming to BTC.
I agree with your technical analysis, but remember this is very new field (cryptos) so very hard to draw precise charts, and to guess if they would be correct.
For sure. Always use these predictions as an indicator but nothing is sure at 100%.
Yep, expecting the dip to continue today.
how do you play it? exit and r u out looking for entry.. how much did you take off table % to buy lower? thanks
We will have to wait and see. Goldman and Sachs just predicted a consolitadion around $8000. No doubt there's a retracement but not sure if it will be as hard as some analyst have predicted.
https://cointelegraph.com/news/goldman-sachs-predicts-bitcoin-price-consolidation-around-8000-before-continuing-up
Good information, it's up to the owner of the capital to trade, the fluctuation of the capital market info is very important for traders to determine the step, sell or buy
It could be just a pullback
Thanks crytopassion !!! I agree whit your analisys... :)