alanmasters

Bitcoin Moving Back Above EMA10... The Bulls Are Jumping Back In

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Lovely... This is exactly what I was looking for...
A bullish Bitcoin! 😁

We use EMA10 as our main indicator to gauge bearish / bullish potential...

  • When prices move below this indicator, which is marked here with a green line, we switch our potential to bearish .
  • When prices go above it, we say that the bulls are getting the upper hand.

The retrace for Bitcoin started but we are patient and we wait...
After 4 red/ bearish candles, today we see prices moving back above EMA10.

Our targets remain the same as before.
First, we aim at $46,000, and depending on how this level is handled we might go beyond.

Conditions for change
If the bullish momentum is lost and prices reverse, BTCUSD would go lower than EMA21 and this time around hit EMA50 at ~$27000.

The daily candle is yet to close but the bullish action we are seeing now is reminiscent of what we've been seeing before...
Very strong growth, short-lived corrections/retraces... This is how Bitcoin goes!

Please hit LIKE to show your support.

Namaste.
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Comments

This is exciting, I know that institutional investing is happening in the corrections. This almost feels like a bear trap, and the FOMO is the bait. The correction lower is required to go to 48-70k and I feel 23K is our bottom on this pull back. I cant lose, at this point. Thank you for sharing.
+4 Reply
alanmasters Bluechipinvestments
@Bluechipinvestments, My pleasure.

Thank you for your comment! πŸ˜ŠπŸ™πŸΌ
Reply
alanmasters Bluechipinvestments
@Bluechipinvestments, Thanks for sharing... We are going straight up.

My feeling was that this would be a short-lived correction but had to wait and see... So far is looking like a real recovery, I expect that the bull-run continues.
Reply
alanmasters Bluechipinvestments
@Bluechipinvestments, I mean, "I hope the bull-run continues".
Reply
can you please make sia coin analysis ?
+4 Reply
@Aniis, Check the latest one, it is still valid today.
Reply
Feels like we're getting lured into a bull trap. I think this is the most manipulated vehicle I've ever been in, except for crude oil.
+2 Reply
alanmasters theworldinscents
@theworldinscents, I hope not, I hope it continues growing.

The growth feels manipulated or more I should say, 'sustained', it is something I haven't seen before in my years looking at Bitcoin.

Seeing it go straight up would be different but so this entire bull-run has been different compared to the past few years.
Reply
Common sense analysis as always, thank you Alan
+2 Reply
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