AlanSantana

Bitcoin Bounces To $9k, Likely Go Mid $6k Next Month + Altcoins

AlanSantana Updated   
BITSTAMP:BTCUSD   Bitcoin
Bitcoin (BTCUSD) is now moving within a descending channel, going lower.

Now I am seeing a potential bounce in place or further drop.
Bitcoin can easily move lower, according to the chart above, but a bounce is also very likely.

As for the mid $6,500 price (I am looking at the $6200 - $6500 range), I am looking at this level for Bitcoin (BTCUSD) to fully complete this retrace... Depending on how this level is handled, we can think about Bitcoins next move.

Here is what I see:

  • 1) If Bitcoin can bounce at current levels with good strength and volume, it can resume its recent uptrend... But this is very unlikely as the chart is right now but there are always unexpected events that can happen... So just as we can see strong drops come out of nowhere, in the same way, "magical" reversals in price can happen... But we focus on the chart...

  • 2) Bounce and then moves lower. Bitcoin (BTCUSD) can easily bounce at current levels... Why? The RSI is at its lowest it has been since November 2018... This where the RSI hit bottom for BTCUSD at that time and what followed was a long-term sustained growth period.

  • 3) More drop can also follow, right away with no bounce... Such a drop would quickly be bought up leaving a long-wick. Less probable but completely possible right now.

Share your own perspective or view in the comments section...
Keep reading below!


Feeling the market
One more drop, bounce or drop, and then we are very likely to see this retrace over but, we remain open to see how the last drop will be handled by the market and update our view once this happens.

Bitcoin isn't likely to hurry... Whatever will happen next, it is very likely to be drawn out process, just like it took a while to break the descending triangle created when the last peak was hit back in June. So everything can take a while... While the altcoins grow...


Altcoins profits
Continue buying, collecting and accumulating altcoins.
Be smart, be patient, be active...
Know the risks involved, do your own research and take it!

Buy-in, learn, trade, read, study...
Hit like to show your support.
Give yourself some time... Patience...
And later come to collect your profits.

This is Alan Masters.

Thanks a lot for reading.

Namaste.
Comment:
Previous analysis

23-Sept. | Bitcoin Weekly Closes Below EMA10 | Bear Mode ON! | $7,929?

24-Sept. | Bitcoin Weekly Important Support Levels | Fib. 0.786 ($5,441)

Bitcoin Breaks Down | Short-Term Analysis | How Much Lower?

Recent altcoins results

+86%

+47%

+45%

+50%
Comment:
VIBEBTC](132%) VIBE Trade Signal
Comment:
QLC Chain is about to move... Here is our full trade...


Thanks a lot for your support.

Namaste.
Comment:
Altcoins charts and trades for the day...

(86%) Tezos Trade Signal @alanmasters

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GXChain Falling Wedge | Long-Term Profits Potential | New ATH
Comment:
Looks like there will be another round of Bitcoin and the Altcoins moving up together... I am seeing many altcoins bullish charts and Bitcoin bounce might be on.
Comment:
Patience is key in order to become a winner (a successful trader) while trading.

Patience is also a feeling/tool that you can use to improve many different areas of your life.

Here is a great strategy to easily improve your patience, for better decision making, for better results while trading... This meditation is easy and produces great results...


HOW DOES IT FEELS?

Everything that I share with you in these messages can be considered a tool. A tool that can be used for your own growth and entertainment.

It doesn't need to be right or wrong.

It isn't necessarily about me, a friend or you.

It doesn't even need to be true or false.

They will and are helping you better connect with your mind, your subconscious... And your creativity is improved instantly when you are done.

If you want to put the effects of these phrases to the test, figuring out how good they are, understand well how good they work...

Try the following...

Read this one once again and then follow by meditating in peace for at least 10 minutes with your eyes closed...

After you finish your meditation, I will be happy to read your experience with the results.

The visions/feelings that you experience are not necessarily immediately understood...

But regardless of what you see, the effects on your own physical life and body, will be easily felt, and they will definitely be good.

I just ended my meditation...
And I am feeling really, really, really good...

Full of life.
Full of energy...

How about you?

Namaste.
Comment:
SPIRITUALLY YOUNG | RELAX, I AM THE BUDDHA

I think there are many mistakes that I am able to do only because of who I am... Certain things I believe to be allowed access to only because I am stupid and young.

This all changes once you become wise and old...

Yes, you are allowed to make egotistical mistakes when you are old and wise, but the price has to be paid and is always paid right after or while the mistake is being done.

Now, imagine the Young Buddha... He knows his energy, he can see the rays coming down from the skies to his crown and pushing his body around for entertainment and fun.

Now he is getting excited and wants to move the body on his own... He knows it is a bit egotistical since the dance is not only meant for his own entertainment but for the entire living system that he is now a part of.

The dance is already great and live has prepared so much more for him, so much more, but is asking to please enjoy the dance first, before the rest comes.

The Buddha is now so excited, that he stops the energy and moves the body on his own.

Now you are awake...

Then try to make it again so that your body moves on its own.

If you think about it, it was just a moment of excitement and fun... You were enlightened, always blissful...

RELAX! ...

Let go of control...

Your Higher Self Is Now Back On Front!

Namaste.
Comment:
VIBEBTC +30%
Comment:
HOTBTC (400% of Profits Potential) Trade Signal

Results:

RCNBTC +212%

SNMBTC +192%

LOOMBTC +86%
Comment:
Looks like BTCUSD will test $7800 - $8000 again...
So far there isn't much strength on the bounce.

Namaste.
Comment:
FunFair (FUNBTC) is about to make a strong move, based on the signals coming from the charts... This move might happen this same day or within days... no longer:
Monetha (MTHBTC)
Comment:
Tieron (TNTBTC) has established a strong uptrend... Over 90% of profits and even more of growth:

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