alanmasters

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

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
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.
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Comments

I always appreciate your idea
+1 Reply
alanmasters unidoriya
@unidoriya, Thanks.
Reply
Thanks!
Where ya been?
+1 Reply
alanmasters six19trading
Reply
Amazing. Thank you so much. Trying to stay within the channel and not buy something overbought
+1 Reply
alanmasters Astronautica
@Astronautica, My pleasure.
Reply
Thank you for sharing! What's your opinion on this scenario?
Reply
alanmasters Sisif_trader
@Sisif_trader, BTC will peak and later retrace.

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