Bitcoin (XBTUSD) Up Next - Target $6750 - Support $6350.

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
I am LONG on XBTUSD ( Bitcoin ), my next target is at least $6750.

The first resistance will be found at $6520.

Bitcoin went up strong on the 15th October as you can see on the chart above, the candle closed and the retrace has been really healthy.

Consolidation seems almost over and Bitcoin ( XBTUSD ) is ready to make the next move.

Please keep in mind, that Bitcoin can continue going sideways. (Our next support is found at $6350 followed by $6200.)

Thanks a lot for reading.

Your support is highly appreciated.

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As the support for $6k gets stronger with time, many people will stop shorting and the $6k/btc will be a distant memory. The zoomed out bitcoin chart looks like it could form a huge cup and we’re right in the bottom of the cup, aka accumulation/ consolidation zone. As long as we don’t go under June 28, 2018 low of $58xx, it’s a bullish bias for sure.
+4 Reply
@shaggad, Agreed. Thanks for sharing.
+1 Reply
If you are strong bullish on BITCOIN then TRX against BTC should LOSE PRICE DOWN. Am I correct ?
+1 Reply
@damdamm, for TRX you need to check the TRX chart.
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