Bitcoin Higher Lows (Short Term Analysis) Potential Breakout

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

⋅ Mar 3, 2019 2:26 PM

Bitcoin (XBTUSD) has been hitting higher lows on the 4H time frame and is now trading above MA25 with MA99 now working as immediate resistance.

If XBTUSD can break MA99 with good volume, you can expect a move to the $3900-$4000 range short term.

If XBTUSD fails to break MA99 and breaks and closes below MA25 ($3805), then you can look for the green trendline or last low to be tested.

We have another rejecting of sellers on the last candle (candle yet to close). This can lead to a breakout to the upside if the bulls can follow up.

What's your take on Bitcoin short term?

Feel free to hit like before you share...

Thanks a lot for reading.

Namaste.

Comment

⋅ Mar 3, 2019 2:45 PM

Here is our last active BitMEX (XBTUSD) trade with 10X Leverage and 99.73% potential ROE, feel free to hit like:

Comments

PanKuzminski

⋅ Mar 4, 2019 10:57 AM

Something like this - bottom of the channel, 0 rsi, 1,618 fibo.

RandyMcMillan

⋅ Mar 4, 2019 10:12 AM

UnknownUnicorn1615160

⋅ Mar 4, 2019 7:21 AM

Part I:The Story of Ichimoku – What a Man in the Mountain Sees

Ecua_Trader

⋅ Mar 4, 2019 2:33 AM

I am not sure if I agree with you. Remember me? I am bad news lol

Boon2

⋅ Mar 3, 2019 8:08 PM

I'm still looking for one more leg down before we get the reversal. BTCUSD H4 Update, Z down? Checkout the idea detail's and all the update's for the complete picture.