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AlanSantana
Mar 12, 2019 9:25 AM

Bitcoin Weekly +$5,300 Possible If Bitcoin Does The Following... Education

BITSTAMP:BTCUSD1W
Bitcoin / U.S. dollarBitstamp

Description

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Looking at Bitcoin on the weekly time frame, we have a few signals to look at:

  • We have the ADAM & EVE bottom which we looked at in the past.

  • The MACD is showing a strong bullish crossover.

  • Bitcoin is trading within EMA200 (orange bold) and MA200 (black bold) since November 2018.

  • First time that Bitcoin breaks and closes above EMA10 since late August 2018. Each time Bitcoin breaks above EMA10 it quickly falls back down after 1 or 2 weeks.

    If Bitcoin can remain above EMA10 on the weekly time frame, this can signal the beginning of a change of trend.

    The last time that Bitcoin traded and remained for more than one week above EMA10 was before January 2018.

    My saying that above EMA10 = bullish potential and below bearish, can be fully appreciated here.

  • The strongest challenge for Bitcoin right now on the way up is $4105 or EMA200. If this level can be broken, you can expect Bitcoin to go above $5,000 fast and find resistance at EMA50/EMA100, around $5,300-$5,350.

  • The immediate support is sitting at $3820 or EMA10, followed by $3600.

  • Very strong support can be found within the $3,200 to $3,400 range.



Note: This update is for shared for my "Bitcoin Continues Solid (Bullishness Remains Intact) + Altcoins" analysis, you can find it here:


Feel free to hit like if you want to now, to show your support and encourange more free profitable trades and great articles.

Thanks a lot!

Namaste.

Comment

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Full active altcoins trades:

NANOBTC


WPRBTC


POLYBTC


HYDROBTC


Results:

Binance Coin (BNBBTC) +60%


Neblio (NEBLBTC) +27%


Bread (BRDBTC) +80%


DigiByte (DGBBTC) +40% (Patience is key!)


SONM (SNMBTC) +45%

Comment

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Komodo (KMDBTC) +125% profits generated


Ravencoin (RVNBTC) +250% profits...

Comment

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SteemDollars (SBDBTC) +35%

Comment

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Ontology Gas (ONG)
Trend AnalysisTechnical IndicatorsBeyond Technical AnalysisBitcoin (Cryptocurrency)xbtBTCUSDTBTCUSDalanmastersbinancecoinbaseBitstampbitmex
Comments
CryptoEngineering
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AlanSantana
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@CryptoEngineering, Thanks for sharing.
UnknownUnicorn1615160
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How to profit in a sideways moving market

AlanSantana
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@WolfPackCrypto, Thanks a lot for sharing.
Raul_Dominguez
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Hey, alanmasters, just a little bite of advice. If you close your mouth flies won’t come in. Think about it.
AlanSantana
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@Mexcrypto, So this means that flies are getting into my mouth? I don't quite follow...
obzerv
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@alanmasters, It means if you don't talk you can't be wrong.
AlanSantana
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@Grokz, Thanks a lot, truly appreciated.

@Mexcrypto I don't mind being wrong... Being wrong is part of who I am, it is a tool that I use for learning.

Thanks a lot for the support.

Namaste.
Raul_Dominguez
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@alanmasters, it means you are full of BS, that is why flies are coming in. You claim to be that hotshot analysts, even charging for your analysis. Yet, over the last 12 months you been getting them wrong 90% of the time.
AlanSantana
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@Mexcrypto, I am sorry if you are hurt, but that is your problem and for you to solve.

Read this, I know it will enlighten you.

It is optional to pay, everything you read here on Trading View is 100% free.

We have many, many, many great trades, you can find them in my profile and in this same trade idea you can check the results.

I truly appreciate the support of all those that take the time to read, comment, share and support me, I truly do.

Namaste.
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