BTC - Back again between the same lines - 2 scenarios by cryptopassion

bitcoin · @cryptopassion · Sep 24 '17 (edited)

$21.55

BTC - Back again between the same lines - 2 scenarios

Hello all,  

We are again back between the same support line and resistance line that I'm drawing to you since last week : 

![BTCUSD.jpg](https://steemitimages.com/DQmbdJv2Fn9rb8bbQ3JGp2G9njiVjhKPsSFYywL8Nc3hGK6/BTCUSD.jpg)

**What does it mean ? INDECISION**

We cannot currently have a trend for the bitcoin. As I explained you last days, we are back in a waiting zone till we break again one of these 2 lines.

**What can happen now?**
Two main scenarios are possible : 

- We try to break the resistance line (upper blue line) to start a new bull trend on the Bitcoin 

![BTCUSDUp.jpg](https://steemitimages.com/DQmfCiU8dxw4TU2fQdwthJHDq3iVtkKdNJMRHWFTqUpN3zt/BTCUSDUp.jpg)

- We go down and break the 2 support lines, the red one around 3500$ and the second one in blue. Look the pattern if this happens, a beautifull head and shoulders which is a very powerfull sign of bearish trend...

![BTCUSDDown.jpg](https://steemitimages.com/DQmUviQkT1kBmRaeMMK3GSqeS68pgpQoQNMgoi2CKkpARvq/BTCUSDDown.jpg)

So yeah my dear followers, we are again in waiting mode till one of these scenarios happens...

Take care all,
*Cryptopassion.io*

Disclaimer : Never invest more than what you can afford to loose. 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 - De retour entre les 2 même lignes - 2 scénarios](https://steemit.com/fr/@cryptopassion/2shwqk-btc-back-again-between-the-same-lines-2-scenarios)

[![CryptoPassion-Bannière.jpg](https://steemitimages.com/DQmPUVQGwLT9h8TUYnGrejuq8k1E2dXn3NCCGxAjDFGEGUp/CryptoPassion-Banni%C3%A8re.jpg)](https://steemit.com/@cryptopassion)

👍 minnowbooster, cryptopassion, donaldtrumpfan, alexis555, randowhale1, polsza, pharesim, edb1984, randowhalebonus, omar-hesham, d-pend, becometheartist, buzzbeergeek, minnowsupport, sandra, icedrum, jason, stegaru, animus, twigg, maxrd, spacehd, dumbasian, fyrstikken, daio, cheftony, trenz, askari, aziz1993, nmotwani21, cryptoindex, duckmast3r, allabout, xdark21, gbonikz, lastminuteman, ihashfury, cryptopbot, igider, randowhaletrail, dbukyo, anejosua, steemprentice, mohamed59, phonetix, ionescu, fatenbasheer, smetana, eroleren, harryp3, stephen.king989, temzabel, arooj, mabzter, yosaryan, harumisun, domsavio98, gold84, abagnes, hallucin, borissgris, sambery, dotov6185, raymondspeaks, and 111 others

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@minnowbooster · Sep 23 '17

@minnowbooster upvoted this post!

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---
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@smetana · Sep 23 '17

$0.10

### The horizontal trend will finish. It's a [good time to Buy Long BTC](https://steemit.com/bitcoin/@smetana/buy-bitcoin-long-position-to-7k-is-opened-now).

👍 cryptopassion

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@cryptopassion · Sep 23 '17 (edited)

$0.34

I'm 50/50 for each scenario currently and waiting again that one of them is executed to start again to trade BTC. I wish you lot of success.

👍 pharesim, buzzbeergeek, cheftony, smetana

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@smetana · Sep 23 '17

Good Luck too!

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@polsza · Sep 23 '17

This post is upvoted by Polsza for 60 %.<br>If you want help us growing upvote this comment.<br>Thanks !

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@afukichi · Sep 23 '17

$0.10

In Japan, the report of encryption currency is almost a negative image.
I think that the price of BTC will rise further in the future, but when thinking in the short term it is impossible to say so.

👍 cryptopassion

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@cryptopassion · Sep 23 '17

We are indeed in an indecision period. Take care

👍 afukichi

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@afukichi · Sep 23 '17

I have an image fighting at the forefront of the currency revolution. I am looking forward to the future.

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1 reply

@lumpi · Sep 23 '17

$0.07

I think it'll go up and it's a good opportunity to buy right now. I actually wrote an analysis about why. If someones interested: https://steemit.com/bitcoin/@lumpi/this-week-might-be-perfect-to-buy-bitcoin

👍 cryptopassion, doctanick

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@cryptopassion · Sep 23 '17

Hello @lumpi. Be very carefull honnestly. I don't see any signal now confirming yet a future up trend. Anyway, I wish you lot of success.

👍 lumpi

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@lumpi · Sep 23 '17

Hey @cryptopassion, thanks for the heads up. I am always only buying small amounts and that as long term investments. Do you think Bitcoin is never going to be higher then right now or do you think it's just risky to go for short trades now?

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@buzzbeergeek · Sep 23 '17

$0.10

You have some mean skills with charts, I'll refer to you for help in the future!

Advertised you in my last beer tasting blog. I hope it gets you more views and clicks!

Cheers!

👍 cryptopassion, hallucin

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@cryptopassion · Sep 23 '17

$0.34

Thank you very much for your support.

👍 pharesim, buzzbeergeek

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@cryptohero.info · Sep 23 '17

$0.10

Really loving the TA you provide, @cryptopassion. That does indeed look like a classic head and shoulders pattern shaping up... 

I think your initial thesis is probably correct - that we might go as low as $2500 or so before we see any new bullish activity. Anything sub-$3k is probably a good re-entry point, but as we saw when bitcoin crashed below $2k earlier this Summer, it might not stay there long!

👍 cryptopassion

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@cryptopassion · Sep 23 '17

Thank you for the comment. I hope I help you all to see a little bit more clear, at least when it is possible hehe.
I will for sure start to buy some BTC back under 3K but I will do it in several steps to be sure to don't regret it.

👍 cryptohero.info

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@trenz · Sep 23 '17

$0.10

There are still chinese that have Bitcoins ready to sell. May be they are waiting until the last moment to sell, there is still a week left. So I am not sure, but almost, that Bitcoin will go down again next week. What will happen after that I really don't know, but I bet to find best prices to buy more Bitcoins ;)
Cheers,

👍 cryptopassion

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@cryptopassion · Sep 23 '17

I don't really know about the bitcoins from Chinese. I heard important investors moved to Japan so I'm not sure it will have a big impact but let see.

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@trenz · Sep 23 '17

Well, China is the reason why Bitcoin is going down these days. Check this out: http://www.bbc.com/news/business-41320568

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@sabbir24 · Sep 23 '17

Sir really so nice steemit  working, thanks for good sharing 

Following for updates

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@d-pend · Sep 23 '17

$0.10

I agree. I am trying not to pay a whole lot of attention to what happens in the recent and coming days because what I feel is tons of *indecision.* Once one of the trends starts to solidify, I will be more interested again! I speculate that we will see another huge rally sometime this winter, which would be exciting indeed!

👍 cryptopassion

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@cryptopassion · Sep 24 '17

It is a good decision to sometimes stay outside the market and keep an eye on it. I do it several days quiet often to focus on myself and gain some new energy hehe. Nice decision. Take care of you.

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@skydweller · Sep 23 '17

$0.10

Very nice charting skills :)

I am still bearish on bitcoin for the end of 2017, read my latest post, I would like to hear your opinion on it :)

👍 cryptopassion

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@cryptopassion · Sep 24 '17

Thank you for the comment. I will have a look on your publications.

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@jezmacher · Sep 24 '17

$0.10

very informative about BTC trend.

👍 cryptopassion

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@cryptopassion · Sep 24 '17

Thank you my friend

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@stegaru · Sep 24 '17

$0.05

good post, upvote and follow you!

👍 stegaru

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`author_curate_reward`	""

properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
stegaru	0 B		13,332,418,507	100%

@omar-hesham · Sep 25 '17

$0.22

great post supporting what i am thinking
upvoted

👍 kerdan, cryptopassion

`post_id`	13,682,550
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`permlink`	re-cryptopassion-btc-back-again-between-the-same-lines-2-scenarios-20170925t013119727z
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properties (23)vote details (2)

voter	weight	wgt%	rshares	pct	time
cryptopassion	0 B		20,548,917,706	2%
kerdan	0 B		40,579,846,560	100%

@cryptopassion · Sep 25 '17

Thank you

properties (22)

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`author`	cryptopassion
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`category`	bitcoin
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