[Time To Buy Bitcoin] BTCUSD Next Target $6800+

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Time to buy some Bitcoin ... Here is why!

  • Bitcoin hits oversold on the RSI . Each time oversold is hit on this timeframe after dropping from red trendline , Bitcoin bounces up strong.
  • Price bounces from August 18 low trendline support.
  • We are moving within an ascending triangular pattern. Which is bullish in nature ( )

This drop is a good opportunity to load up on additional Bitcoin for long term traders and holders.

Buy and hold long.

You can thank me after December 2018.

Thanks a lot for reading.

Comment: We can see our trendline and fib. level working as support. We might have another leg down, few more red candles, 1-2 days, and we will have more information on how this drop will develop.

If we break $6,300, our next strong support is found at $6,100.

Please allow time for the charts to develop.

Feel free to rebuy and reload for long term hold.

If you enjoyed this post...

Please like, share, comment and follow for additional updates and more great Altcoins trades.
Comment: Altcoins market update: The altcoins market continues doing great even with this "strong" Bitcoin drop. Overall, this drop is a good development, to release pressure and prepare for the next move/jump.

What does this mean?

We've seen how the altcoins market is maintaining a bullish status. Altcoin after altcoin is exploding up and we are seeing gains in the ranges of 50-100% percentage on a daily basis.

Some altcoins are generating, 100, 200 and even 300%+ in price increase in just a matter of days. After such gains, a correction is expected and it is happening now. Weak hands are being removed; a shake out.

How do I know this is just a small correction/shakeout?

Many altcoins still continue booming today, if we were to continue with a bearish bias we would be seeing all altcoins decreasing and lower highs and lower lows... This is not what is happening.

Today with have STORJ, SBD, OAX, MTH (we have open trades for all these altcoins) and many others doing incredible numbers. TIX for example is up over 100% today... And it continues.

We trade each altcoin according to instructions.
Buy in low, wait and hold... later sell on target.
Pretty easy.
We raise stop loss above buy in level after we start to hit our targets.

Thanks a lot for reading once again.

I love you... Alan Masters here, your friend.

See you later.

Comment: Check this out, my MODBTC signal gave out over 100% profits in less than two weeks... Your support is highly appreciated.

Comment: Bitcoin support is holding nicely and many new trades available in my profile.
(I will be sharing a new Bitcoin update as soon as the next move comes)

Let me show you some of the hot ones we have now:




Trade closed: target reached: $6800+ Target reached!

See you on our next update.

Thanks a lot for the support.

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a historical view for your altcoin loving audience
@NTEC, Black line = resistance turned support for the previous bubble. Green line = resistance turned support for the current bubble. The bubble which, I think, has officially come to a close.
isn't 200 MA the key level to break at this point?
+1 Reply
Dame It, I'm not following you but still receiving email notification for your stupid ideas
Why there is no way to block people in TV
Deceptive Bitcoin behavior leaving impression of absolute bullishness, while actually adding momentum ( as not being able to breach 6360) as making LH it should deflate entire 15 min bullish candle, ending up being red only with continuation of a downtrend.

King regards and thank you Alan
dont buy btc wait for new low: price have to break the last low for weekly down wave A
+2 Reply
Might drop to $5k - $4.8k before the next big upwards trend.
+2 Reply
Saphiretr Teklologist
@Teklologist, According to elliott wave basics 5 wave cant be under wave 3. Your graph is wrong.
@Saphiretr, yes it can. It’s called a truncated 5th.
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