Please allow me to entertain yourself for a few minutes...
So... THANK YOU for reading and thanks a lot for your continued support (make sure to like, share, comment and follow).
This is going to be a very quick post about Bitcoin , detailing a few signals that makes me believe that Bitcoin will continue going up... Let's see what we have (above we have an 8 hours per candle chart - last candle closes in 2 hours):
1- We have a very strong green candle.
2- We bounced from the bottom of the .
3- We are trading within an .
4- The last two candles together give out a signal (this one is only confirmed once the last candle closes).
5- starting to curve up.
6- had a strong bounce from a low that it hasn't seen in over a month. From here it is already curving up.
7- Bitcoin is trading above EMA100 and 200 lines.
8- We broke above the EMA50 (magenta) resistance, which will now work as support.
9- We are green on the .
10- The reached bottom and it is curving up with plenty of room left for growth.
Extra: Full negative 9 count on the TD Sequential, followed by a strong bounce.
So what's your opinion: Will Bitcoin Continue Its Bull Run?
Are we going up?
Please share your opinion in the comment section below.
Thanks for all the likes, shares and follow.
Your support is highly appreciated.
Bitcoin Short Term Targets:
(1) $10,300 - $10,650
(2) $11,450 - $11,700
And the daily chart as well (Bitcoin needs momentum if it wants to move up today):
Here is the 4H chart:
- Light blue is the EMA100 line.
- Orange is EMA200.
- Magenta is EMA50.
These are support levels.
Here is the 4 hours chart:
Here is another chart:
If we break down the $8700 level, we then move to the $8,200 to $8,400 as our next support.
If that level is broken we find our next strong support around the $7,200 level.
Use this correction as an opportunity to buy, rebuy and reload on all of your favorite Altcoins as well as Bitcoin, as the market can really take off once the Consensus is over after May 15.
Take a look at the chart:
Thanks a lot for reading.
The best time to sell is when the price is going up.
As Bitcoin is going down, and the Altcoins as well, feel free to rebuy and reload.
Please check my Consensus 2018 update to learn about the Cryptocurrencies that are going to gain the most exposure in this very important market event (click on the image below):
Thanks a lot for your continued support.
Here is the chart:
We reached the oversold line on the 4h time frame RSI and bounced strong there, this is a good signal:
We are in an uptrend and we will continue our climb up.
Please allow time for this trade to develop.
We bounced strongly from the $8,200 price level and we are consolidating to try another burst up.
If we can break the $8,800 resistance, we will move up harder next:
You can find all the Altcoins that are getting the best exposure at the Consensus by clicking on the image below:
Thanks for reading again and thanks for the incredible continued support.
I will be opening a new thread to continue following up on this post.