alanmasters
Short

Bitcoin Starts To Retrace, Aims at $8210 Before $9999

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin is showing signs of a retrace:


Conditions for change: If Bitcoin ( BTCUSD ) moves up and closes above the last peak $8947, the above signals are invalidated.

Thanks a lot for reading.

Namaste.
Comment: (Here we are looking at Bitcoin short term, yet below you can find some indicators as for a different/longer view).

BTC fractal May-June 2018 and the situation is now.
In favor of the fall:

1) The growth of the market without corrections is observed since February.
2) 4 green candles in a row on the monthly chart.
3) Two unclosed gaps on SME
4) Futures expiration on May 31st.
5) RSI shows a bearish divergence.

Thanks, @SpartaBTC for sharing.
Comment: So far going down yet still looking strong.

Bitcoin (BTCUSD) is holding really good. Remember that this is a short term analysis, we are super bullish longterm.

We continue aiming for EMA10 on the daily time frame, or EMA50 on the 4H chart:

D:

4H:
Comment: Altcoins doing their magic...

Pundi X (NPXSBTC) +40%


Nucleus Vision (NCASHBTC) +11.11%


Komodo (KMDBTC) +15%


BitTorrent (BTTUSDT) +210%


Bitcoin SV (BSVBTC) +33%


AdEx (ADXBTC)(76% Trade)


Everex (236% Trade)


openANX (156% Trade)
Comment: We also have charts for Bitcoin Cash and Cardano, take a look below:

Bitcoin Cash ABC (BCHABCBTC)


Bitcoin Cash (BCHM19) on BitMEX (+18% ROE)


Cardano (ADABTC)


Cardano (ADAM19) on BitMEX (+47% ROE)
Comment: We are also showing profits for the following altcoins pairs, XRPBTC, TRXBTC, XRPM19, and TRXM19...

TRON (TRXBTC) Trade


TRON (TRXM19) on BitMEX (+114.9% ROE collected)


Ripple (XRPBTC) Long Term


Ripple (XRPM19) on BitMEX (+96.3% ROE collected)
Comment: The S&P 500 Index Goes Lower Today?!
Comment: Skycoin (SKYBTC) Bullish Chart Setup
Comment: Bitcoin Shows Strength, No Weakness... What Comes Next?

Comment: Latest update:
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Thanks Alan. And then $10500 based on this model. Namaste!

Reply
Tks for sharing
This is my chart
Reply
You called the move down perfectly man! Seeing a move back up and we're still long and up 8%+ and looking to scale out soon in case we head back down. Watching resistance closely for rejection.
Reply
Thanks for your chart @alanmasters , i personally think we will correct around 30% to point A.

+2 Reply
@Nilles, I really like your chart. I can agree with your view, it all depends though on how it all goes on a daily basis, the strength we are seeing lately I rather go step by step rather than doing any long predictions.

Thanks a lot for sharing.
+1 Reply
High degree of uncertainty in the next Bitcoin movement. Here why:

Reply
alanmasters cryptohopper
@cryptohopper, Let's see...
Reply
alanmasters cryptohopper
@cryptohopper, Pretty straight forward. Thanks for sharing.

Reply
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