BTC - Support line at 7400$ broken - Continuation of the correction

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Hello all,

Here is the chart of my last analysis :

BTCUSD.jpg

Here is the current chart :

BTCUSD.jpg

As expected, the break of the support line at 7400 is triggering the correction that we are experiencing now. However, we can see clearly that currently the correction is not powerfull. SO if we don't an accelleration quiet soon, I think we will see a UP taking place to test back that reesistance line at 7400$. It will be a dangerous momentum as we have a risk of pull back but let's stay positive and hope that this test will allow us to break that resistance and be back upper than 7400$.

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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