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AlanSantana
May 7, 2020 2:08 PM

Higher High Is In, Momentum Building Up (Resistance & Support) 

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

We have a higher high for Bitcoin (XBTUSD) on the 4H timeframe, bullish momentum is building up.

If this continues, prices can jump.

Closing above the last peak can push prices to our next target.
The next target is marked on the chart at $10,2000 followed by ~$10,500.

Immediate support is found at $9481 followed by $9253.
The $8800 - $9000 price range can be considered strong support on this timeframe.

Namaste.
Comments
unidoriya
I always appreciate your idea
AlanSantana
@unidoriya, Thanks.
six19trading
Thanks!
Where ya been?
AlanSantana
Astronautica
Amazing. Thank you so much. Trying to stay within the channel and not buy something overbought
AlanSantana
@Astronautica, My pleasure.
Sisif_trader
Thank you for sharing! What's your opinion on this scenario?
AlanSantana
@Sisif_trader, BTC will peak and later retrace.

As soon as BTC peaks the altcoins will produce massive boom.
Sisif_trader
@alanmasters, Any chance for this to happen, in your opinion?
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