Bitcoin Weekly Closes Above MA200, Where To Next? 8k or 4kGood Tuesday my fellow cryptocurrency trader, how are you feeling today?
We waited for the weekly candle to close and now we have a better picture as to what might happen next with Bitcoin (BTCUSD).
On the week of 9-March prices had a really strong drop and hit below MA200, a bounce followed as soon as EMA300 (grey line) was hit... Right after prices started to quickly bounce and we are looking at a potential "V Bottom".
As support, we are looking at EMA200 (brown), EMA300 (grey) and MA200 (black).
BTCUSD is now trading above these very important levels (strong support).
We remain bullish as long as prices for Bitcoin remain above $5500+, if his level breaks, we look for a higher high above $3K.
Where are prices headed next?
If Bitcoin continues bullish, it will face resistance first at $7217 followed by $7568 (EMA10).
After ~$7550 is hit, we can expect a retest of EMA200, depending on how this level is handled we will publish a new analysis with the next move.
With lasts week candle closing above MA200 and prices now moving up; we remain bullish on Bitcoin as long as we are trading above our "strong support".
Will Bitcoin and the Altcoins (The Cryptocurrency Markets) become a safe-haven for the economic meltdown that is now taking form?
Or do you believe that Bitcoin and the Altcoins will also crash with the Indexes and Stocks?
Please share with us in the comments section below!
Namaste.
Bitfinex
GXChain Ascending Triangle Breakout, Potential Jump Ahead!GXSBTC (GXChain) is breaking out of an ascending triangle pattern, this can lead to a strong jump... Let's take a closer look at the charts.
GXChain Chart Signals Analysis
Prices for GXSBTC are now trading above EMA100 while challenging resistance after resistance.
Momentum for this altcoin pair has been picking up slowly but steadily, meaning that if the bulls follow up a strong "jump" is what follows, a nice increase in prices.
Conditions for change
If the momentum is lost and prices move below 0.00004943, the above signals become invalid and the bears start to exert pressure, a new analysis would be needed to determine the next move.
Thanks a lot for reading.
Namaste.
Etheruem - Are You Sure About Ethereum And Crypto Market?I don´t think I need to explain this Technical Analysis :)
All I want from you is: Just take a break, open weekly logaritmic chart of Bitcoin or Ethereum and say what you see.
And now I wanna ask you. IS IT BULLISH FOR SURE RIGHT NOW ?
For me, this chart is after BIG BIG BIG PUMP and I don´t wanna buy it as an Investor.
On the other hand, I wanna Short it as a Trader!
Expecting to 7K before 24-03! be ready for the huge increase .!As you did see in my before target 6400 ---> and yes we did hit it! i did expect in 24H , and in just 6 hours after my update we did hit it.
Now expecting depens on new info data trends, china news, whale effect----------> that bitcoin will breakout to 7K before 24-03-2020!
24-03 are the max! but i can happend before this data. there is great news and trends.
be ready for this huge increase.
Hotbit and 2 other exchanges have great buy whale effect.
i have say it at time.
Have good day!
My next update will be when we have hit 8700 usd + you will not see a updates from me until that data.
Only private members have every day updates.
All my before updates was right.
# this is expecting depens on data, nobody know the future
dont take this as and advice, trade on your way.
for private updates contact me.
Bitcoin - Bullish ScenarioThe bullish scenario occurs if the lower trendline maintains a price dump and causes a price turnover. Thus, the Bitcoin chart will form a Rising wedge formation that completes in the 7600$ to 8000$ Resistance Zone . Here, however, there will be a price rejection, followed by an ABC correction, which will still bring us back to our Buy Zone at 5000$.
Expecting bitcoin in max 1 week to 5600 usd depens on data!Expecting bitcoin in max 1 week to 5.6K AREA, this depens on MX DATA AND TRENDS.
- at this moment you see no interest by whales to buy bitcoin above 6800, thats exactly, why i did add a post before , that bitcoin will breakdown from 6800 usd.
We are on testing way, back to 5.6K area as the home place.
1 week is the max, but its possible before! depens on the whale selling we can see next hours.
See you at home place 5.6K!
This is a high expecting, depens on data, exchanges, whale effects, trends and more.
-- nobody know the future, so i also not. thats why i work with data and expecting!
If you like my post, pleas give it a like, and follow me for new updates.
## if you want become private member, sent me pm, with private membership you get as first the updates.
it seems we will get a re back to 7K area!! Huge breakout comingAs we have hit the testing area 5.6K, expecting bitcoin will go to 7K area soon.
i will in my next post inform why i think that.
Huge breakout expecting!
Do you want get private updates, sent me a pm.
expecting this huge breakout after we have hit the 5.6K area.
soon more info.
for more updates follow me.
ENJBTC is forming Bullish Structure Right Now!As soon as the ENJ/BTC completed the correction structure, an upward impulse reflection occurred. According to Elliott Wave theory, this is a typical SetUp of impulsive structure where a third wave breaks through a rising channel and then use it as a Support. At this moment, ENJ is completing the third wave, so be prepared to make purchases in the fourth wave, on the upper trendline. Take profit zone will be at 1500sats.
BTCUSD. The price of bitcoin will rise to the level of resistancHi subscribers!
The price of Bitcoin will rise to its targets,
but first you need to wait for the price to enter the buy zone,
the last target at 6800.0.
If you liked this idea, please like and subscribe to my profile.
This idea does not provide the financial advice.
Bitcoin Moving Back Above $9,000? See Inside!One of the most famous signals became the CME GAP and this one is telling us that Bitcoin (BTCUSD) can move back up... We also have a "V Bottom"... See it here:
On the chart above, we can appreciate the following signals for Bitcoin on the daily timeframe
BTCUSD broke bullish above the ascending triangle.
Prices are trading above EMA10.
V Bottom + CME Gap (detailed in the article above).
MASSIVE Bullishness within the altcoins.
The charts are always changing... So we go with the flow.
Remember to hit LIKE to show your support.
If you want to see our full trade signal for Bitcoin (XBTUSD) on 5X and over 180% potential profits, visit here:
We will profit from this jump.
This is not financial advice.
Namaste.
BTC - 29 November 2019 - Alternative Scenario 1 - WARNINGHello again friends,
Today I wanted to share an alternative scenario for us.
I do not want to stick with only 1 scenario. We have to be open minded and consider all the possibilities.
Considering the Dow Jones chart, we might be seeing a triangle which will postpone the bull season but will give us some little volatility in between.
My priority in this chart is the golden ratios.
not a trading advice, always do your own research.
Bitcoin Moving Back Above $9,000? See Inside! UKOne of the most famous signals became the CME GAPs and this one is telling us that Bitcoin (BTCUSD) can move back up... We also have a "V Bottom"... See it here:
On the chart above, we can appreciate the following signals:
BTCUSD broke bullish above the ascending triangle.
Prices are trading above EMA10.
V Bottom + CME Gap (detailed in the article above).
MASSIVE Bullishness within the altcoins.
The charts are always changing... So we go with the flow.
Remember to hit LIKE to show your support.
If you want to see our full trade signal for Bitcoin (XBTUSD) on 5X and over 180% potential profits, visit here:
We will profit from this jump.
This is not financial advice.
Namaste.
Be ready for the First breakout to 6.5K before 6.8K ! today..Every moment is possible that a breakout can come to 6400-6500, this will be the first one. and can happend today before Asia market.
whales effect active, exchange
MX-320 effects 40%. i think with this effect, we dont need the asia market to hit 6400-6500 today.
The final breakout are the 6.8 breakout, but this will be in X round.
I still follow the exchange effect, and great volume for breakout orders.
# small update.