Here is quick analysis on Bitcoin's price action... Enjoy.
What has been holding Bitcoin's price down since late July is the EMA50 (Magenta line). Bitcoin’ tried twice to break this resistance without luck, the third time it broke easily, we move to EMA100 (blue) next.
Here are our next targets for BTCUSD:
And support levels:
I will be tracking Bitcion's movement in this trade idea. Please like to stay updated.
Here you can find our Bitcoin’ long term trade:
November always bullish:
XBTUSD as well:
Thanks a lot for reading.
Your support is appreciated.
SHORTS continue crashing.
LONGS barely increasing yet doing so.
We have a bullish cross of EMA10 and EMA100 (green and blue).
And EMA10 and EMA200 (green and orange).
These are bullish signals that indicate that Bitcoin will move up further.
Binance volume doubled in the past few days compared to average last week. The same goes for Coinbase Pro, Bittrex, Kraken, Huobi and Poloniex. These are some of the bigger ones and this is a good signal.
HitBTC, KuCoin, Cryptopia, CoinEx and other smaller ones are still doing the same volume.
WINGSBTC just made a 60%+ jump...
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If we hold $6,390 by daily close, this will be a very very bullish sign in an otherwise bearish engulfing candle. I wouldn't be surprised to $6,600 or $6,800 by this weekend.
Get ready to ride the rocket