Bitcoin Continues Aiming Higher -Short-Term Analysis, 6.8K Next?

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

⋅ Mar 31, 2020 2:46 PM

Yesterday we looked at Bitcoin (XBTUSD) short-term, on the 1H timeframe, and mapped the next move.

Our first target hit right away, you can see it below:

After our first target was hit at $6645, prices quickly retraced and tested EMA50/EMA300 while printing a higher low.
With prices now trading above EMA10 and MA200, XBTUSD can resume its growth.

NOTE: The current 4H candle needs to close for confirmation. Prices for XBTUSD are currently challenging EMA10 and MA200.

A bullish breakout of the bullish flag and we can see XBTUSD hit our next target at $6830... What's your take?

Share with us in the comments section below.

Thanks a lot for reading.

Namaste.

Comment

⋅ Mar 31, 2020 2:49 PM

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Comment

⋅ Apr 1, 2020 2:13 AM

-
ICON Next Target Mapped (Full chart Analysis)

Comments

aahikhteh

⋅ Apr 1, 2020 7:39 AM

Hi alanmasters, what happened now, it's going down? Thanks 🙏

aahikhteh

⋅ Mar 31, 2020 9:11 PM

Thank u alanmasters, please tell me the percent that its going up to 6700 today or tomorrow?

miladrezaei

⋅ Mar 31, 2020 4:37 PM

i'm appreciate your efforts.
please tell us about what you think about bsv & bch as you know that's halving is coming.
thanks a lot master of charts.

AlanSantana

⋅ Mar 31, 2020 7:06 PM

@miladrezaei, I will take a look.

PeePla

⋅ Mar 31, 2020 4:03 PM

Good

Protixder

⋅ Mar 31, 2020 3:11 PM

bitcoin looks in up trend --> its about to increase to next target 6750 +

AlanSantana

⋅ Mar 31, 2020 7:06 PM

@Protixder, Thanks for sharing.

Agora_Anarchy_Action

⋅ Mar 31, 2020 10:45 PM

Are you still feeling bullish on BTC? I haven't seen a strong close above the 100EMA of the 4hr that I've been hoping to see. It's starting to feel like we may be headed back to the bottom of the wedge short term. What are your thoughts?