alanmasters
Long

Bitcoin Continues Strong | Bull Aims At $13,500 or Higher

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
The altcoins had a strong shake out when Bitcoin moved but now they are recovering and we see both, strong altcoins and also a strong Bitcoin .

This is what I shared a few weeks ago in preparation for something like we saw recently...

❗️❗️❗️Shared back 5th July...

"The Altcoins market has been growing a lot lately so many people can be expecting a drop ... But the market is a lot bigger than before and even though many altcoins are growing, there are still more that are trading near all-time lows and are waiting for their turn to move up.

If Bitcoin prints a very strong drop , the entire market will go red for a few days...
As soon as the panic is gone, the altcoins will bounce back up with even more strength."


The bulls are now aiming for $13,500 or higher.

We have really strong support now in the $9500 - $10500 price range...
So it is also possible to see Bitcoin consolidate before the next move.

Regardless of what happens, the market is now looking really good and strong.

Conditons for change
We are looking pretty good for both altcoins and Bitcoin while above $9500 (EMA50).
Even on a drop lower, we are still looking good.

Remember to always have a plan before you trade.
Do your own research and secure profits as prices are moving higher (especially for your altcoins trades).

Feel free to leave a comment if you have any questions.

Namaste.
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Comments

You are the best! Thank you for all the charts you provide for us to confirm our own thoughts...
+4 Reply
@DC92T, It is my pleasure. Thanks to you for your support.

If there is anything I can help with feel free to leave a comment.

Namaste.
+3 Reply
yes ideal is to come back to retest at least 9600
Reply
alanmasters StarFoxAmara
@StarFoxAmara, Yes but not likely based on chart technicals/signals at the moment.
Reply
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