alanmasters

Bitcoin Bullish Signals On The Daily TimeFrame | $11,111 Next?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin ( BTCUSD ) just printed a strong bullish candlestick pattern, but we are not there yet...

Feel free to hit LIKE now and let's get started with this analysis... Thanks a lot for your support.


Bitcoin ( BTCUSD ) | Daily (D) Timeframe Analysis

  • Circled in green, we can see the bullish engulfing pattern.
  • We can see a young bullish MACD crossover.
  • MACD histogram going in favor of the bulls.
  • RSI Hit oversold.
  • Higher low was yet yesterday compared to the 30-Sept.

We are not there yet... These are early bullish signals as they are still developing and the charts are always changing.

BTCUSD is still trading below EMA10 (green line on the chart), which gives it bearish potential.

Before we can confirm a move much higher, this barrier needs to break.

BTCUSD needs to close daily above $8260 to confirm its bullish potential.

$7700 is our main support and last low. Above this level, we keep the bullish potential scenario.

Below $7700, Bitcoin can easily move lower.

You can leave a comment if you have any questions.

Make sure to share your charts in the comments section below with your opinion and ideas...

Thanks a lot for reading.

Namaste.
Comment: SWTBTC (+123%)

ZRXBTC (+100%)

LINKBTC (+80%)

GVTBTC (+32%)

HOTBTC (+22%)

MATICBTC (+49%)

SKYBTC (+50%)

REQBTC (+66%)
🌐 ALAN MASTERS TRADES PREMIUM
The Best Altcoins Trades, Supports & Strategies
https://alanmasterstrades.com

➡️ Alts, Btc, FREE trades & More
https://t.me/AMTrades

🥇 Results
https://alanmasterstrades.com/results/

💬 CHAT http://alanmasters.chat

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out