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AlanSantana
Feb 14, 2021 12:34 AM

Bitcoin Is About To Hit $50,000+ Long

BITSTAMP:BTCUSD240
Bitcoin / U.S. dollarBitstamp

Description

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Bitcoin (BTCUSD) is looking good on the 4H timeframe.

We can see that a new ATH was hit yet prices remain consolidating near resistance.

The longer a resistance level is challenged the weaker it becomes.

The trading volume is really low, which signals neutral/sideways or a continuation.

BTCUSD is sitting above EMA10, EMA50, EMA300/MA200. This is good.

The indicators are looking good and favoring the bulls.

It is likely that Bitcoin will try and challenge $50,000 next.

What do you think?

Make sure to hit LIKE!

Namaste.

Comment

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🥳🎉 Bitcoin hits new All-Time High.

Breaks above $50,000 easily.

Enjoy the profits.
Trend AnalysisTechnical IndicatorsBeyond Technical Analysis
Comments
Traprock
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I love reading your analysis and I look for your posts every day. Thank you for sharing and keeping me focused.
AlanSantana
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@Traprock, It is my pleasure.

Thank you for your support. :)

Namaste.
PedroRolles
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@Traprock learn to trade on your own. once these analyses are gone , you will be with them too... Only rely on yourself!
Traprock
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@PedroRolles, I totally agree with you. I definitely rely ONLY on myself. I've been trading cryptos for a few years now and after experiencing big losses and now sitting in a position where I am only trading with profits... I just like to thank those who helped me do that... like @alanmasters. :D
VaclavRambousek
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@Traprock, I think a lot od people feel the same way right know..we are now in huge profits..it is our reward for years of suffering! 😃
Traprock
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@VaclavRambousek, Exactly! Oh how some years have been stressful! :D
AlanSantana
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@VaclavRambousek, @Traprock, completely true... We had to endure some extreme 'weather'... Patience is key.

We are being rewarded now.

Thanks a lot for the support.

Enjoy the profits... More to come for sure.

Namaste.
morvaryd
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@Traprock, Me too,Thanks Alan!
SpartaBTC
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My vision for further work on bitcoin. Read the description of the trading idea.
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