BTC - in the middle of an indecision zone
Hello all,
Since yesterday, we are back in the middle of an indecision zone :
We have a resistance line just upper our current level but also a support line just below.
This is a zone very hard to trade because we have 50/50% of probabilities to go in one or another direction. I would advise you to hold and wait the direction that the market will take before continuing your tradings on the BTC.
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.
As a trader, I recommend you the trading platform Bitfinex
10% discount on your trading fees for 1 month via this link !
Bullet ready... im waiting....
For sure. It'll be down and It's not a surprise... unfortunately...
It would be best to wait, I think most of us are anxious about the stability and recovery of the btc. There is already positive news from South Korea regarding the non-prohibition of cryptocurrencies, soon we will see the market on the rise.
Wisest advice ever.
Thanks to @cryptopassion
This post has been of great value
Keep up
Thanks for this bitcoin news update providing.... i appreciate this trading......
Nice. Thank you!
I followed you.
Thanks
Good Analysis buddy...
I have a little different analysis then the above as i believe in technicals work much better on a higher time frame charts unless planning to only day trade.....
I have jotted down in brief and simple what my opinion is and welcome all your feedback.
The 50 SMA had been a strong support for BTC as per the Orange circles drawn however from the moment it broke the 50 SMA it came all the way down to 100 SMA and finding support now out there. If this gets broken as per the green horizontal lines we may see BTC @ 8000 unless some really hyped news in between to drive it up comes out.
Its as if everyone is waiting for someone else to make the first move.