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AlanSantana
Mar 7, 2020 4:36 PM

Bitcoin Ascending Triangle Can Hit $9500+ Next 

BITMEX:XBTUSD.P240
Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

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Bitcoin (XBTUSD) is now trading within an ascending triangle and showing a strong/bullish chart... Let's take a quick look:

  • Consolidation has been strong with prices staying always above EMA10. We remain bullish above EMA10 ($9105).
  • The ascending triangle pattern is a bullish pattern, so more strength for the bulls.
  • The MACD is bullish and the RSI strong.
  • Trading volume is really low... On a bullish cycle, we can take this as a continuation signal, prices can jump here without volume.


WARNING... Conditions for change
If prices for XBTUSD move and close below EMA50 ($8991), the above signals become invalid.

This is not a piece of trade advice.
This is not financial advice.

All of our trades are clearly marked and contain buy-in, targets, stop-loss, and additional information.

Here you can see an example of how one of our FULL trades look like: XBTUSD | 136% (scroll down to see it)



Thanks a lot for reading.

Namaste.

Comment

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Comment

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New update after the DROP
Trend AnalysisTechnical IndicatorsBeyond Technical AnalysisBitcoin (Cryptocurrency)xbtXBTUSDbitmexalanmastersbinancealtcoinscryptobittrex
Comments
UnknownUnicorn6047038
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your idea is good) it's my btc analysis
knowlton23
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How did so many people get this wrong? Perfect example of why we have to do our own thinking, regardless of what the herd is saying.
bedarija
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@knowlton23, alanmaster has never been right when it comes to BTC. he can only control the heard when it comes to pump and dump altcoin schemes. he called 5k BTC and in next days it went up 1k. he called 9.5k now and it dropped 1k.
AlanSantana
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@bedarija, You need to learn trading and the basics.

Our trades can be found on our website and Telegram channels.

These are not trades, these are chart analysis.

Make sure you have a plan/strategy before you decide to trade.

This is not financial advice.

All the information here is shared for learning purposes only.

Namaste.
MR6841
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nice
Mahedi19
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nice.
Anpu
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Good Analysis!
This is my new idea on Bitcoin
AlanSantana
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@Anpu, Thanks for sharing.
Boon2
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H4 Bear Hidden Divergence, expecting low to be broken.
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