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AlanSantana
Nov 14, 2021 12:38 AM

Bitcoin Stays Bullish | TapRoot & $100,000+ Long

BITFINEX:BTCUSD1D
Bitcoin / DollarBitfinex

Description

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No correction has taken place as prices remain trading above EMA10 and EMA21.

The little correction we've seen so far is not relevant (minor retraces/price swings) compared to the bigger picture/trend.

We will continue with a mid-term target of $100,000 (100k) or $85,000 or more.

We have bearish divergence on both the MACD and RSI but the bears have been given no chance so far.

At the same time we have these divergence both indicators are on the bullish zone.

Short-term we should see $85,000 with mid-term $100,000+.

We are taking the major TapRoot network upgrade as a bullish signal when we compared to Segregated Witness many years before.

The volume is really low and there is no excitement which is good for the bulls, any excitement and hype can only lead to strong bleeding/price drop.

What's your take?
Leave us a comment.

Namaste.
Trend AnalysisTechnical IndicatorsBeyond Technical AnalysisBitcoin (Cryptocurrency)BTCBTCUSDaltcoinscryptoCryptocurrency
Comments
bitstomoon
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I agree with you. A smaller double cup is forming which is a precursor to lift off. Probably in 5 days plus or minus. 100k soon.
LyOnsBFy
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thanks for the job. good luck
BizzarTrading
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Well done Alan, 🙏 namaste
FeederGastro
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taproot might be already priced in
Kushman187
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@sirK3, its definitely not imho, expect 90k by December, just look at what happened with eth after it had a fake upgrade, Taproot unlike eth 2.0 is actually a good upgrade,eth upgrade just showed what a centralized ponzi shtcoin it is.
Magsmaxima
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Thank you the analysis! You have a calm style of trading analysis and it sits very well with level headed investors.
AlanSantana
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@Magsasleep, Thanks for the kind words. :)
Jess3450
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Quite informative
AlanSantana
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@Hamo1, Thanks.
njmanura
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Mt Goxcoins then dump
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