BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin ( BTCUSD ) took a two days break and is starting to bounce.

It is challenging EMA10 right now after a false breakdown below the 0.786 Fib. retracement level from the last bullish wave.

If BTCUSD can remain above EMA10 ($8057), this is a good signal telling us that it is likely to go higher.

But if BTCUSD moves below $7993 (0.786 Fib. retracement support), it can easily below lower (red arrow).

To the upside, the next target is sitting at $8168 followed by $8225 (short-term).

Depending on how these levels are handled, we focus on what happens next... What's your take?

Namaste.
Comment: Holo Above Resistance | Massive Growth (100-360%) Ahead

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Bread Goes Straight Up | Next Target 30%+

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Comment: Chiliz Grows Over 100% On Low Volume | Targets

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Comments

No matter what Bitcoin does, you made your chart so well. It would always fit. In the past, you made only up or down and probably lost the charts. But your charts evolved. You now show up, down, sideways. Every possibility. Let's see which further improvements you will do to your charts to try not to miss any mistakes.
+5 Reply
@calumon, Amazing "eye"... Thanks a lot for the feedback, appreciated.

Namaste.
Reply
calumon AlanSantana
@AlanSantana, stop letting your employees comment and comment yourself or just don't...
+1 Reply
@calumon, My comment offended you?

Not everybody can point out what you just wrote...
Reply
@calumon, He has a chart for every turn possibility. He probably doesn't trade though or he would lose money opening both a long and short at the same time.
+1 Reply
Nice chart as always.
nemaste
+1 Reply
@konikko, Nice one. Thanks for sharing.
Reply
Always too bullish alanmaster, namaste.
Reply
Bitcoin traders are an impatient bunch. My thinking is that the want to start putting money to work before this thing gets out of control again. Thanks for your chart alanmasters, and namaste to you.
Reply
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