Bitcoin (BTCUSD) is showing a low volume bounce while trying to break slowly above EMA10.
We are seeing multiple signals that are pointing to move up but multiple resistance levels are to be taken out first.
The set up is already in play, the only thing needed now is for the bulls to follow up and we can see Bitcoin grow to $10,250 or higher all the way to $10,900... It all depends on the daily candle close.
Where do you think Bitcoin is headed?
Share with us in the comments section below!
Namaste.
We are seeing multiple signals that are pointing to move up but multiple resistance levels are to be taken out first.
- The blue trendline is the main resistance that needs to be broken for Bitcoin (BTCUSD) to move higher. If this level breaks, we aim at EMA50 ($10278) followed by $10800-$10900.
- Bitcoin's price is already moving above EMA10. (Bullish)
- Moved below EMA100 (light blue rectangle) only to bounce back up. If Bitcoin can remain above EMA10, it becomes very likely that it moves higher...
- Hidden bullish divergence can be spotted on the RSI. (Bullish)
- Low volume. (Bearish)
The set up is already in play, the only thing needed now is for the bulls to follow up and we can see Bitcoin grow to $10,250 or higher all the way to $10,900... It all depends on the daily candle close.
Where do you think Bitcoin is headed?
Share with us in the comments section below!
Namaste.
Note
Bitcoin moves higher... Here are the immediate resistance and support levels:Support: $10,300 - $10,000 and $9,800
Resistance: $10,500 - $10,800 and $11,150-$11,350
Note
Bitcoin Dominance (BTC.D) Chart Analysis
Note
Thank you all for the support.A new analysis will be shared soon.
Namaste.
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Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.