BTCUSD We Have Still Not Breached The Down Trend Line 28th Feb
Ok hello all i keep seeing every where we have broken through the down trend channel resistance line NO we have not
yet broken it we bounced off it and we are heading for another go soon, Will it break probably eventually, Please keep
in mind this down trend has been in play for a very long time.
Until it is broken for long term investment i wont be buying simple as that we have more resistance zones ahead keep
and eye on the charts and wait until we break the resistance.I keep seeing people saying we have broken the down
trend resistance its obvious we have not yet we bounce off it but notice the resistance price keeps dropping its only a
matter of time before this eventually goes through and we could turn bullish.
But please also remember this could be a bull trap its been in play for so long now the bears still have allot of power
in play and show no signs of letting it go above this line algorithms will be in play.
Be safe and be patient guys even if it is broken wait a little while if you are investing long term remember to be
cautious.We could even see people getting sick of seeing the trend line get retraced every time we hit it you
have to allow for some extra room once broke any way to make sure its not a bear trap, which unfortunately
is exactly what im seeing.
This is not financial advice buy when you want i hope it works out for you but this is just and idea
please wait until we completely pierce this line before diving in and shouting we have dont it looool
i know allot of people are anxious but just be patient it will happen eventually.
yet broken it we bounced off it and we are heading for another go soon, Will it break probably eventually, Please keep
in mind this down trend has been in play for a very long time.
Until it is broken for long term investment i wont be buying simple as that we have more resistance zones ahead keep
and eye on the charts and wait until we break the resistance.I keep seeing people saying we have broken the down
trend resistance its obvious we have not yet we bounce off it but notice the resistance price keeps dropping its only a
matter of time before this eventually goes through and we could turn bullish.
But please also remember this could be a bull trap its been in play for so long now the bears still have allot of power
in play and show no signs of letting it go above this line algorithms will be in play.
Be safe and be patient guys even if it is broken wait a little while if you are investing long term remember to be
cautious.We could even see people getting sick of seeing the trend line get retraced every time we hit it you
have to allow for some extra room once broke any way to make sure its not a bear trap, which unfortunately
is exactly what im seeing.
This is not financial advice buy when you want i hope it works out for you but this is just and idea
please wait until we completely pierce this line before diving in and shouting we have dont it looool
i know allot of people are anxious but just be patient it will happen eventually.
Nota
Once again a pull back from the trend line Even magic poop cannon has drawn his incorrectly..Take it from the top of the candle wick, and draw straight down, it does not take an expert to see we have not reached our main goal.Part of me thinks many people are bullish when we draw the trend line we have to allow for som bear traps, i know we have been stuck in the downtrend for some time but it will break eventually, but don't think that the bots and algorithm knows when to sell as soon as it hits this line.
The question is even if it does break we need to allow room for bear traps or you are going to end up losing out. If you can not see a break out please dont tell others we have broken out especially with bearish signals all over the place, one thing this place has taught me is that even the best investors will tend to lean towards bullish side even me i have money still at 12k gbp yet i know this is bearish, MagicPooPCannon is good at what he does and his TA is spot on but he wrong with this top resistance line.Its not broken and until it does i would hold off any long term positions.
Please thumbs up so i can comment on peoples posts who are obviously sitting with bullish tendencies
Nota
BUUUUUUUULLLLLLLLISH HoooooooHA !!Lets keep fingers crossed this time i personally think we will keep this uptrend now.Nota
$9700 we will meet the resistance again looks bullish if you see my other post, there could be a possible head and shoulders pattern emerging.Trade ativo
Looks like the trend line is going to be tested again lets wait and see if it breaks this time, it may break for a short time and retrace, i would like to see it siting on top of that main support line before commenting any further.
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