alanmasters

Bitcoin Weekly Made Easy (Bulls Vs Bears)

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Here is the weekly chart for Bitcoin . Right now it is all about the orange line (EMA200) and black line (MA200)... With these indicators you can have a longer term perspective of what is happening and can also avoid panic:
  • (1) For Bitcoin to continue down/bearish it needs to break and close below the black line.

  • (2) For Bitcoin to go bullish it needs to break with good volume and momentum the orange line and close above it.

  • (3) This is Bitcoin Made Easy!

Support levels:
Thanks a lot for reading.

Namaste.
Comment: Thanks a lot for the support, highly appreciated.
Comment: Bitcoin (BTCUSD) Price Action Update (4H Time Frame) + XBT LONG Trade:
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Can you chart siacoin sir? Ty!
+1 Reply
alanmasters jalders3trade
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IMO any long trades shouldn't be made unless BTC breaks above the 50 DMA (which is sitting around $3,750). But overall I agree we could see a bounce here and hopefully a retest at the neckline. Next 48 hours will be decisive.

https://www.tradingview.com/chart/nErY4rtp/
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bitcoinbobby bitcoinbobby
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This is the exact bounce I'm trying to tell people about as well in our video. Great TA this is why I follow you :)
Reply
Thanks a ton for your work! I agree with a lot of your analysis.

I've built a Wyckoff Accumulation schematic for Bitcoin. This is based on the notion that $3.1k is a temporary bottom and we will only be doing spring tests to garner extra demand for a push up over the next few months in a larger accumulation range:
+1 Reply
alanmasters Cryptosomniac
@Cryptosomniac, Thanks a lot for sharing.
Reply
Comment removed.
We will jump UP ;)
+2 Reply
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