Once Bitcoin stops or retraces, we will have massive action hitting the altcoins market. We will see from Bitcoin to all of the alts which translate into massive profits.
Welcome to Bitcoin 2019!
Let's get started!
Bitcoin ( BTCUSD ) Short Analysis
Trading easily above EMA10, Bitcoin ( BTCUSD ) can continue going higher, here is the daily chart:
- All the signals have been obliterated.
- The price spread between BitFinex and other major exchanges such as CoinBase, BitMEX, and has been removed. Past history showed us that this normally results in a crash, but instead, Bitcoin grew, moving always contrary to what most people believe.
- The divergence is gone.
- Trading keeps on coming in on a daily basis.
- We have a massively .
- We have a cross of EMA50 and EMA300, something not seen since Oct. 2015.
- The future is bright for the cryptocurrency market, we will enjoy profits an all altcoins on the way up.
Patience is key.
We are looking at $8500 followed by $9900 as resistance. With $7450 - $7200, $6850 and EMA10 as immediate and main support.
How far up can it go?
It is anybodys guess, but the chart is extremely bullish after a double bottom...
Thanks a lot for sharing.