Hello all,
Here was the chart of yesterday :
Here is the current chart :
We are testing and testing the resistance line at 6500$ but the only answer is a fail. The more we have fails, the more we have risk that bears create a powerfull drop as the Bull players are not powerfull enough to break that resistance line. On the other hand, the more a resistance line or a support line is tested, the more this line is becoming weak. This is why it is very dangerous for unexperienced trader to make a trade near a resistance or support line because it is always difficult to predict how the market will react to a try to break it.
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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