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.

Comment: Thanks a lot for the support, highly appreciated.
Comment: Bitcoin (BTCUSD) Price Action Update (4H Time Frame) + XBT LONG Trade:
Comment: MACD bullish crossover on the weekly and histogram turning in favor of the bulls.

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Can you chart siacoin sir? Ty!
+1 Reply
alanmasters jalders3trade
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.
WolfpackCrypto WolfpackCrypto
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 :)
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.
Comment removed.
We will jump UP ;)
+2 Reply
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