When #BTC support becomes resistance

in #cryptocurrency7 years ago (edited)

BTC 3-30-2018.png
If you wanted to short/sell bitcoin this reversal pattern around the trendline was a textbook example to use. Right now, however, I wouldn't dare to sell. If I was a bear I would wait to see if the (horizontal) resistance line around 6K is broken through, followed by a re-test and rejection (just like in this example with a trendline). BEWARE of whales pushing the price down to trigger stop-losses!
Me, I'm just chilling and filling the bags. In it for the long haul.

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Cool, following you. Whats your current favorite coin/token?

Bitcoin is always number one for me, especially now that its market dominance is increasing. That being said, I'm bullish on protocols/platforms. If I had to choose one, I would go for VeChain. Having worked in the brand products industry, I see a huge market that remains untapped.