I just shared an idea pointing out multiple bearish signals on the 4h timeframe... This is now being invalidated.
Bitcoin (BTCUSD) just hit a new higher high and is very slowly but surely moving higher.
A strong bounce in the form of a long lower wick/shadow shopped up on the previous candle (marked light blue) and now prices are safely trading back above EMA21 and EMA10. (The candle with the #8 on top)
We are now aiming higher.
Higher Bitcoin = Higher Altcoins = MORE MONEY EVERYWHERE.
What's your take?
Namaste.
Comment
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The next targets for the bullish move are available on the following trade ideas:
@jamal789, The altcoins will recover, grow and continue to grow.
A new low was hit for a set of altcoins and many other printed higher lows.
Their bullish wave is over and they will continue to grow.
If Bitcoin does another massive jump, there will be an initial crash, as usual, followed by an ultra-strong bounce that will see these altcoins grow, 3x, 5x, 10x and even more.
Namaste.
Nueel_classic
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thanks for your update Alan.
check out my analysis on bitcoin
AlanSantana
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@Nueel_classic, I am checking it and will leave a comment after I read it.
Thank you for sharing.
Brechtjen95
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great update, where do you think are the next resistances? around 16600/17000 or?
AlanSantana
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@Brechtjen95, Check the comments, I just shared the trade ideas with the targets.