BTC - Consolidation upper than our support line - Next move ?

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Hello all,

Here is the chart of my last analysis :

BTCUSD.jpg

Here is the current chart :

BTCUSD.jpg

After the break of the resistance line of 7340$, we are consolidating just upper, preparing the next move. Most of the time, I don't like a patter where we stay just next the major resistance line we just broken. When a major resistance line is broken, we must have a nice move because lot of buyers are waiting that this line is broken to trigger they buy order. So if we still stay just next, it means that this level is not interesting the traders and that we are waiting for a possible move to enter, but no one is sure about the direction of that move, this is the difficulty.

I wish you massive profits,
Cryptopassion.io

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Legal Disclaimer : Never invest more than what you can afford to lose. I am not a financial advisor and the content in this article is not a financial advice. This post is for informational purposes only and provides only my personal opinion. It is important that you 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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It appears prices are oversold, but what is oversold could become more oversold...due to halving event.

Posted Using LeoFinance

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