alanmasters
Short

Bitcoin (XBTUSD) Rising Wedge (Potential Fall) + Altcoins

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Bitcoin ( XBTUSD ) is now trading within a rising wedge and has the potential to fall.

  • We can notice bearish divergence showing up on the MACD and RSI .
  • Trading volume has been decreasing and there is a long wick on top of yesterday's candle.
  • If the daily candle closes below yesterday's high, we can expect Bitcoin ( BTCUSD ) to fall in price. This can be a long retrace.
  • Hit like now...

Altcoins Market Update

I've been looking at quite a few charts for most of the smaller cap. altcoins and many are hovering around strong support.

The Bittrex altcoins are starting to move ahead of the flock and some are producing some massive gains, you can see a few examples below (I believe more bullish action will show up on Bittrex):

CMCTBTC (+200%)

XDNBTC (+50%)

BEANBTC (+80%)
.png' src='/static/images/svg/idea-image-placeholder.svg' alt='BitBean (BEAN) Long Term Potential Analysis' class="js-image-lazy-load">

Url:

The Binance altcoins are mostly retracing and many hitting new lows, but this is a great opportunity, after a wave down comes a wave up (I believe there will be many buy opportunities developing on Binance for big profits next month).

Here are some examples of opportunities in the making:

Skycoin (1180% Profits Potential)


Ren (100%+ Profits Potential)


Nucleus Vision (1500% Profits Potential)


So the altcoins market is low but starting to wake up and might be looking at some strong bullish action within 2-3 weeks.

Feel free to hit like now... if you want to show your support.

Thanks a lot for reading.

This is Alan Masters.

Namaste.
Comment: BitBean (BEANBTC), correct link:
Comment: ReddCoin (RDDBTC)(150%)
Comment: Stellar Lumens (XLMBTC) Can Go Lower Before Moving Up
Comment: Binance Coin (BNBBTC) Chart Analysis
Will it go lower or will it bounce here?

Url:
Comment: Litecoin (LTCBTC) Chart Analysis

(Potential bounce zone found...)

Url:
Comment: New Bitcoin Update (Trade inside):
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