BTC - Bull Wick scenario Invalidated - Correction in progress

in #bitcoin4 years ago (edited)

Hello all,

Here was the chart of yesterday :

BTCUSD.jpg

Here is the current chart :

BTCUSD.jpg

Yesterday, I was talking to you about a possible scenario of Bull Wick, this scenario has been clearly invalidated. The correction is now again in progress and has even accelerated the last hours. We are now at around 7620, a support line created in April. I think that the drop will now consolidate around that support line and we could have a little bounce from it. However, don't forget to keep in mind that we are clearly again in a bear trend. Let's see the result of the coming hours.

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.

BARRE STEEMIT.jpg

Are you looking for a user friendly way to exchange your cryptos in £, $, € ?
Do you want them spendable directly via a dedicate Visa card ?
You prefer a quick transfer on your bank account ?
I can recommend you the platform Wirex

BARRE STEEMIT.jpg

You would like exchange your cryptos with the lowest fee possible ?
With my daily exchanges of cryptos, I can recommend you the platform Binance

BARRE STEEMIT.jpg

CryptoPassion-Bannière.jpg

BARRE STEEMIT.jpg

Sort:  

Вы проводите довольно серьезный анализ! Спасибо вам за столь полезный поток информации!

7500$ usd :(

Heyyyy, don't forget you can short. Many indicators were pointing at a descent for the near future.
Plus, if you want to make some quick profits, buy now and sell and 7.6/ 7.7k, because it will surely bounce, even if it's only a couple of %.

Now, go make some money
PS: 7500$ :)

All the easy money has been in shorts the last few months.

I would imagine that it will trend lower long term now...
might get a bounce back to 8.2 but that wont last
I hope you have a good short running...

Look at the bigger picture with a wider time frame for analysis.
check our 2-month old article : CRYPTO BIG SHORT. https://steemit.com/cryptocurrency/@ledger256/crypto-big-short

Great analysis...you can't win them all.

I much prefer to read that "this is all going to reverse shortly and we'll be mooning in no time"

do you have any longer term projections?

Coin Marketplace

STEEM 0.72
TRX 0.10
JST 0.075
BTC 57008.08
ETH 4304.47
BNB 612.78
SBD 7.00