BTC - Support line at 4000$ is holding us

in #bitcoin6 years ago

Hello all,

Here is the chart of yesterday :

BTCUSD.jpg

Here is the current chart :

BTCUSD.jpg

Till now the support line around 4000$ is holding the correction created with the M pattern. It could show that we reached the low on the BTC at a short term timeframe. This line could be tested again in the coming hours but if it holds us a new time I think we can take that line as a nice support to try to make a bounce in the coming days.

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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Never invest more than you can afford to lose... That's the watchword for all crypto investments 👏

Yep.. for now we're good. And we should stay above 3500$ in the next period. If we compare the current chart to the one in 2014, we could have already hit the bottom, or almost the bottom.
If y'all are interested, I've made a nice comparison chart today.

Cheers!

This article is very helpful. Thanks for this article.