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AlanSantana
Oct 17, 2019 10:32 AM

Bitcoin Retrace Over? 

BITSTAMP:BTCUSD240
Bitcoin / U.S. dollarBitstamp

Description

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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

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Holo Above Resistance | Massive Growth (100-360%) Ahead


NEM High Volume Breakout | Moving Now! (XEMBTC)


Nexus Ascending Triangle w/ Support & Resistance Levels


Cocos-BCX Chart Analysis w/ Targets (115% Potential Profits)


NeoGas Is Next | Massive Bullish Action Continues


DATABTC |

Comment

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Steem Says Bullish All Across | Over 100%+ Short-Term


Can Grow 50%+ | Ripple Gains Momentum vs Bitcoin


Bread Goes Straight Up | Next Target 30%+


Aeternity New ATL Hit | Trade Inside/Active (2,000%+ PProfits)

Comment

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Chiliz Grows Over 100% On Low Volume | Targets


Contentos Breaks Above EMA10 | Can Do 30%+ Easy
Trend AnalysisTechnical IndicatorsBeyond Technical AnalysisBitcoin (Cryptocurrency)BTCBTCUSDalanmasters
Comments
calumon
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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.
AlanSantana
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@calumon, Amazing "eye"... Thanks a lot for the feedback, appreciated.

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

Not everybody can point out what you just wrote...
JamesLeblancTheRealist
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@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.
konikko
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Nice chart as always.

nemaste
AlanSantana
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@konikko, Nice one. Thanks for sharing.
JamesLeblancTheRealist
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Always too bullish alanmaster, namaste.
Tiger_Style
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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.
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