Bitcoin Bots Switched from Bearish To Bullish (BTC Strength!)

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
In my last Bitcoin ( BTCUSD ) analysis I mentioned the EMA100 (blue) resistance rejecting Bitcoin's continued growth and the fact that Bitcoin needed to retrace before trying again to break it, but something changed.

All throughout last year until recently, all sort of bear action would come up with massive strength and momentum, but this is no longer the case.

It took Bitcoin 5 months to break above EMA50 and turn this resistance into support. Now, each time we had a retrace, we would see each support level being taken out very easily, but now bitcoin is showing great strength.

The first support after the 23-Feb. peak was reached was marked by EMA10 (green). Bitcoin dropped below it just to quickly bounce back up and it then took the bear bots 19 long days to painfully break this resistance, EMA50 still remains intact.

This is the type of strength that we haven't seen in years.

Bear volume is really low, looking at the chart above, meaning that nobody wants to sell their Bitcoins .

The altcoins market is booming. We have altcoins such as Everex ( EVXBTC ) generating up to 300% profits in a matter of days and many more are setting themselves up for similar gains.

You can see it here:
On top of the few strength signals mentioned above, Bitcoin had the longest streak of bullish action on the weekly time frame since 2017, and even though we are retracing now I've reached the conclusion that Bitcoin Bots Switched from Bearish to Bullish .

Bitcoin can still drop lower but not as much as we thought before. We still trade with caution, remain open to all scenarios, and profit even more trading as many altcoins as we want.

What's your take on Bitcoin and where is it headed next?

Hit like and leave a comment, I believe that 2019 will be an awesome year for us to trade.


Thanks a lot for reading.

Comment: Everex (EVXBTC) +438%

openANX (OAXBTC) +224%

AdEx (ADXBTC) +94%
Comment: Ren (RENBTC) +102%

Enigma (ENGBTC) +52%

Lunyr (LUNBTC) +47%

Streamr DATAcoin (DATABTC) +44%

QLC Chain (QLCBTC) +52%
Comment: Basic Attention Token (BATBTC) +55%
Comment: SingularDTV (SNGLSBTC) +113%
Comment: Monetha (MTHBTC) +50%

When we are in the spiritual path and move with the flow, everything hard is left behind, we learn to be good at moving on.

But it is important to understand when it is right to persist, to fight to get what you want.

Somethings are necessary, the hardships represent the challenges and are there to test if this is something that you truly want.

Keep on going, keep trying, until your heart’s content.

In the end, the results will tell you, if you are being hard headed or if all the hardship was a test.

Comment: +147% ROE for EOSM19 (3 days only). Enjoy the profits and remember to hit like for more trades like this one:
Comment: Tron (TRXM19) for 100% ROE (time sensitive):
Comment: Bitcoin going bullish now. Remember that EMA100 (on the daily time frame) is the resistance to break.

If this one breaks with good momentum and volume, and a close above, then additional bullish action can be expected ($4700).
Comment: If EMA100 doesn't break Bitcoin will continue with its retrace.
Comment: I will share a new update for Bitcoin pretty soon.

In the meantime, we have trades for VIBBTC and BQXBTC already public and these are generating great profits.


Comment: Here is ETHOS (BQXBTC), I know many people like this one:
Comment: New Bitcoin update as promised:
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Related Ideas

Thanks a lot Alan. 4700 seems less realistic on the short term. Since 1D has such a clear Channel Up, we see no reason not to take advantage of the Lows and Highs. Our short term targets are 4146 and 4260:

alanmasters InvestingScope
@InvestingScope, Thanks for letting me know.

I will take a closer look now, the last comment was made based on a quick view of the chart and some MAs.
Stochastic RSI crossed over on weekly chart. Last time this happened we were at 20k. I think we will be dropping to test around 3400 area.
+1 Reply
alanmasters bigshot127
@bigshot127, Thanks a lot for sharing.
Going up fast now... Trap or squeeze, or really bullish?
@mr.bergan, Whatever it does we win... I am liking the altcoins now.
mr.bergan mr.bergan
I noticed ETH, LTC, XRP etc. followed.. Short term I mean, expect them all to go now?
@mr.bergan, Time will tell.
mr.bergan alanmasters
@alanmasters, I guess it will. And in the meantime, stay focused and don't ruin everything, right?
I'll seek joy in the altcoins. Thanks :-)
@mr.bergan, Yes, we keep the same view until something changes.
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