alanmasters

Bitcoin Oversold - About Move Up (Short Term Analysis)

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
BTCUSD’ 4H Analysis (Hit LIKE to start reading).

We have several early reversal signals on this chart. Let's take a quick look at these:

  • We moved above the purple channel and quickly retraced . This retrace seems to be over according to the following signals. After retrace, comes another move up.

  • We have two reversal candles. These are the Dojis, the red candles with the long wicks at the bottom (yellow circle)

  • MACD is curving up with changing volume .

  • RSI coming out of oversold.

  • EMA10 being challenged. I would say within 24h for the next move.

If these signals breakdown and Bitcoin’ doesn't move up, you can expect a retest of $6300 or $6250 as support.

Thanks a lot for reading.

Namaste.
Comment: The first resistance/target will be found at $6400, followed by $6500 next.
Comment: Please allow time for this to develop. Patience is key... Bitcoin is sideways... No good to trade Bitcoin in these conditions, better to trade altcoins for massive profits, while we wait for Bitcoin to move up strong.

Check out ADXBTC, it is about to move:

Our trades for RADSBTC, COVAL and WAX are generating good profits. Many more in my profile. Please take a look @Alanmasters



APPCBTC:


MTHBTC (128% profits)


SRNBTC (106% proifts)


Thanks a lot for your support. Truly appreciated.

Namaste.
Comment: And a few more trades:

ARDRBTC:

MIOTABTC (good potential):

MODBTC:

NANOBTC:

LOVE. AGAIN. - TODAY I LOVE MYSELF AGAIN

One day I was down because I did myself wrong.
I kept on claiming and complaining, that life wasn't worth for me anymore.

So I went out walking, feeling cold under the rain.
There was no hope in sight, it was sadness on the way.

A bright like came to me to talk and communicate.
It brought many positive feelings, wanted something for me to change.

The light became a Spirit, the essence of something great.

Over time this light became my life, it wasn't me no more. I wouldn't have to listen what it was saying anymore, just experiencing my surroundings, my body started to move on its own.

Only positive followed when this light touched my soul.

And here today I am writing, talking about love.

Thanks to the heavens for giving us faith...

Thanks to these blessings and incredible feelings, I can clearly express that TODAY...

I WILL ALWAYS LOVE MYSELF AGAIN...

FOREVER!

Namaste.
Comment: $6250 is where we find support, as described above. Don't worry about this small drop, massive hidden bullish divergence is already forming... BITCOIN WILL MOVE UP VERY SOON.

Patience is key.



Namaste.
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AM is invaluable as a contra indicator. Do exactly opposite of all his advice and your profits will be massive, he has close to 100% fail rate, use it to your advance.
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How did that work out for you?
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rip :(
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4h analysis not valid! please use 1d chart
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Don't touch Bcash

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Thank you my friend for great support and valuable information that we can all draw ,thanks to your hard work.

I wish you all a nice start to the new week..
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It goes down - you say we reached bottom and it is the best time to buy. It goes down more - you say we reached support and it is the best time to buy. It goes down again - you say we just tested support and it can only go up. As a perma bull it is not difficult to be right when you are in the bull market. And it's not difficult to be right in the bear market sometime after 100 tries, if you say every time it will go up.
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Counter Counter
By the way, how do you make money? You say you should trade (buy) altcoins instead of Bitcoin for '' massive profits ''. I do not know if you've noticed, but once Bitcoin drops, the alts will drop much more. Since all time high you say it is the best time to buy and the price has gone down and down. Please post a chart as soon as you are bearish so I know when to buy. Thanks.
+2 Reply
It's designed so dumb retail traders lose money.
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