alanmasters

Bitcoin Higher Lows | Still Aiming At $11,700 Or Lower?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin ( BTCUSD ) continues printing higher lows since it hit ~$9,450 on the 15th of August.

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 bearish 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 MACD and RSI 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.

Namaste.
Comment: Bitcoin weekly chart

- 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.

Chart:
Comment: TO SHINE, LEAVE EVERYTHING BEHIND

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.

Namaste.
Comment: 1H:
4H:
Comment: Back into the triangle, cut trough support like butter...

1H:
4H:
Please allow time for it to develop.

Namaste.
Comment: ALTCOINS RESULTS

WANBTC +170%

EVXBTC +56%

FUNBTC +75%

ETCBTC +39%

MATICBTC +49%
Comment: BTCUSD First target hit perfectly at $10650.

PHBBTC also hit two targets for 33%+
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Related Ideas

Comments

People seem to forget that just a few months earlier we were at $3,000-$4,000 levels and before anyone even realized it, it shot up to $13,800. In my opinion, it's perfectly normal if a significant correction to the $6,000-$7,000 levels takes place in the short term.
+2 Reply
alanmasters GuruMeditation
@GuruMeditation, Completely agree, we would say normal and healthy.
Reply
We now have a clear BTC Head & Shoulders on the 4hr... now a bit sideways at the 10K range, bouncing around from 9800 to 10200 range mostly with occasional volatility spikes to spook everyone out or make them FOMO in... I'm short from 10300ish, patiently waiting with finger on the close button for whatever comes next.
+1 Reply
alanmasters Trader-HP
@Trader-HP, Thanks a lot for sharing, appreciated.
Reply
don't think it go lower 9-8k
but lets see
+1 Reply
alanmasters CryptoBullet
@CryptoBullet, Same here, but if we reach those levels we would have to see how the market reacts to know if it can go lower or not.
+1 Reply
Bitcoin 9200--->8900--->8500---->
+1 Reply
alanmasters AlexOrlov
@AlexOrlov, Thanks for sharing.
Reply
+ 10 000 % end of septembre
+1 Reply
alanmasters RaphJojo
@RaphJojo, After September we should be moving forward (up)...
Reply