EasyTradingSignals

Bitcoin Possible Rally Up?

Long
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
It looks like Bitcoin might be heading up on a rally, at least in the short term to about $10,590 and possibly to around $10,850 after that, using the 50 and 200 moving averages as potential target levels.

My analysis is based on the strong and clear hammer candle (although it has a bit of a long "handle"), as well as the 9 EMA and 20 EMA getting close to crossing, as well as my own indicators.

in the very short term over the next hour or so, it might first pull back somewhat and consolidate, before heading upwards to $10,590 - let's see what happens!

Doing what I can to help people trade better. Past performance doesn't guarantee future results. Trade at your own risk. This is not financial advice, it is personal opinion, I'm not a financial adviser. I may have a stake in what I write about.
Doing what I can to help people trade better. Past performance doesn't guarantee future results. Trade at your own risk. This is not financial advice, it is personal opinion, I'm not a financial adviser. I may have a stake in what I write about.

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