COINBASE:BTCUSD   Bitcoin / U.S. Dollar
#Bitcoin_Update #1H
Meanwhile Bitcoin's 1H chart seems to be to trend following our Scenario 2 to test the $9475 once again.
- RSI reverse back upwards, Volume is in a good momentum and MACD also trying to reverse with the favor of the bulls. EMA needs some energy to flow below the the price though but is also on the way if volume can make some progress.
On the 1H chart it seems we are going to fulfill our scenario 2 prediction and this will most probably will be fulfill if we can close above $9100 for the current candle stick formation.
But still need a confirmation for the next move though.
Stay Tuned For further updates. And you can follow our social media platforms for Live updates too.
TogetherWeAccumulate
With Regards.
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#Bitcoin_Update #4H
After all it seems we are in a bullish scenario and the bears are currently seems to be losing it at all. Currently trying to reach and pass that 9475$ area and it did tried to reach there with only a $10 less price levels. Every single setup looking to be perfect for a breakout and a bull run for the short term.
Indications:
MACD : looking very bullish crossing each other in favor of the bulls at all.
RSI : Very perfect place to be said in a bullish move right now at around 66 which is showing a good incoming volume to the market.
Candle Stick : Even though it is not in a down trend in the 4H chart we have seen a dragonfly bullish doji candle formed before 8 hours. And the current candle stick also looks very bullish and all the 3 candles formed consecutively are showing a surely bullish trend for a break out towards the next resistances of $9750 and $10000.
Pattern : The triangle formed by the past week is breaking out and showing Bitcoin has a very good potential for a breakout towards for the long waited 10K level.
EMA : Showing a bullish scenario happening right now being below the current candle which will be taken as an indication for a bullish upward trend for the short term.
Conclusion :
We expect Bitcoin will be on the way to the $9750 and 10K USD price levels by the following 3 to 4 candles if it can close the current candle above the $9475 area.
Stay Tuned For further updates. And you can follow our social media platforms for Live updates too.
TogetherWeAccumulate
With Regards.
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