We've been long since $7,900... You can see it here:
The Altcoins vs Bitcoin (ALTSBTC) pairs continue to grow and this move by Bitocin will only support additional growth.
This is good news for us.
As for Bitcoin ( BTCUSD ), here is what we have coming from the charts:
- Strong candle to break above EMA50 with good to support this move. The 4H candle needs to close for confirmation.
- entering the zone for the first time since mid-Sept.
- The is really strong now sitting at 65. This is a strong signal.
- is now above-average, on the current candle, and this move is happening mid-week, which is exactly when the action starts either way.
Our main target right now is $9,000 if BTCUSD can move pass $8480 or EMA100.
After this candle closes (current candle), if Bitcoin doesn't move straight up, you can expect its price to range in-between EMA50 ($8200) and EMA100 ($8480) until its next move...
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This is Alan Masters.