The first peak was hit at $10,955 on the 19th of August. The retrace resulted in a higher low and there is the potential for a move up from current levels.
Now, Bitcoin can easily move lower here as well since we are looking at indicators and its price moving below EMA5/10.
If EMA10 can't be broken to the upside, expect for the higher lows to fail and the blue dashed line to be tested.
Both the and are looking neutral leaning a bit more towards the bears... So this is a mixed signals chart.
Feeling the market
We believe the market sentiment is changing.
We believe that the altcoins will continue to grow.
For this we need Bitcoin to jump, more money entering the market, and then the altcoins can continue growing when Bitcoin retraces and produces a new higher low.
Whichever scenario plays out, we are ready for it all.
Where do you think Bitcoin is headed?
Share your thoughts, charts, and opinions on the comments section below.
- Trading above EMA10.
- Higher lows.
- RSI remains above 50.
As long as Bitcoin (BTCUSD) remains above EMA10, we continue looking higher.
If it breaks and closes below EMA10, then we start looking lower.
If you look back at the top in late Dec. '17, the setup is quite different... We have chances of moving higher... Please keep in mind the criterion mentioned above.
First focus on the health of your body and mind.
Build a discipline where everything you do leads you towards improved growth.
Stay away from negative energies, they are the contrary of the Crown you want to turn on.
After visible results and feelings that you can't deny...
Leave all bad habits and all drugs behind.
That's how you can literally activate your Crown and start to shine.
Please allow time for it to develop.
PHBBTC also hit two targets for 33%+