Bullish momentum is starting to build up for the BTCUSD (Bitcoin) pair.
We have only bullish signals coming from this chart, this is the 12H timeframe.
Let's have a quick look at some of those:
MACD high up and strong. The MACD line just crossed above the signal line.
The RSI is very strong at 74.81.
BTCUSD price stands safely and strongly above EMA10. We consider it bullish, always, above EMA10.
The TD Sequential shows room for additional growth.
The trading volume is low but in a bullish cycle, this can be taken as a continuation signal.
The next target is set at $25892 followed by $29000+
Where do you think Bitcoin is headed?
Share with us in the comments section below.
Namaste.
Comment
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Bitcoin hits our first target at $25892 and is going for the second target in the low $29000... Depending on how the second target is handled we can share a new update analyzing the next move.
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We have some bearish signals developing... This might be it!
When correction does happen ?? What is your idea about best time to take position in BTCdown or Sell Btc ?????
Thanks for sharing
AlanSantana
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@Meidavoodi, Right now we are looking at a strong bullish trend with bullish action taking place.
We focus on the upside when prices are moving up.
When bearish signals start to show up, we will consider the potential for a correction.
With no bearish signal, it is hard to tell from TA perspective.
We are aiming higher now.
Namaste.
PalenTrade
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@alanmasters, Wise words and good analysis!
PalenTrade
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@Meidavoodi, No one can say with certainty. The markets can dip for 15% in few hours and come back with this kind of buyer behind it. And first we need to see even 10% drop.. Haha.
Awesome to see this kind of price action even thou I think it is little crazy
Meidavoodi
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@Jesuppi,
In the normal market its hard to happen, but crypto roles by whales, they already got benefit between 22400 till 28000,
Its possible to leave the market and stay for next entrance ..
And you are right, its too crazy if this happen
rb675
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To the moon we go
AlanSantana
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@rboltz675, Yes, that is exactly what is happening.
Thanks for sharing