alanmasters
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Bitcoin Aims At $4350+ With Highest Volume Since Dec.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin finally decided which way to go, and that's the way of the bulls.

Please allow me to entertain you for a few minutes and let's look at some of the signals coming from the charts:

  • 1) A strong green candle broke through EMA10, the main resistance to break to change from bear to bullish potential, supported by big volume .
  • 2) Today Bitcoin is seeing its highest volume since December when it had its last bullish wave.
  • If this momentum is to be maintained by buyers, I expect Bitcoin to go as far high as its last peak, which sits at $4384.
  • 3) The next challenge to break is EMA50 (magenta line), which held Bitcoins price on the way up.
  • Additional bullish action is expected.

Conditions for change: If BTCUSD price moves down and closes below EMA10. The above signals are invalidated and a new analysis is needed. Bitcoin would be back trending bearish-sideways if this scenario plays out.

What's your take on Bitcoin's next move?

Let us know in the comments section below... And before you go, let me share a message for your entertainment and fun.


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Mr Alan
A question

What would happen if 50 and 100 MA crosses !?

Cheers
Reply
I think we could even see 5K area :
+1 Reply
alanmasters ComeTcrypto
@ComeTcrypto, Thanks a lot for sharing, appreciated.

Great chart.
Reply
You need to make up your mind. You can be bearish one day and bullish the next day repeatedly over and over. Makes you lose credibility. Now everybody knows what the direction is and you are just stating the obvious. Hopefully we can see real Ta from you one day. Because I know you that are capable of doing a good job!
+5 Reply
SpaceCatZ SpaceCatZ
@SpaceCatZ, *cant't be i mean
Reply
Comment removed.
@SpaceCatZ, Thanks for the comment... It wasn't of much help but I still appreciate you taking the time to share it.

Namaste.
+3 Reply
Comment removed.
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