Bitcoin Gains Momentum, Bullish Engulfing... Again!
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Bitcoin ( BTCUSD ) is now printing the bullish engulfing pattern on the 4H timeframe, telling us that it can continue to grow right away if this pattern confirms.
We can see EMA10 ($7742) tested and a strong bounce with good volume and bullish indicators.
For Bitcoin to continue higher, the first barrier to break is ~$8000, the last high.
The immediate support is sitting around EMA at $7741 and $7690, this is the main support if prices start to retrace. Any lower and we look for EMA50 and/or $7400 - $7450.
Right now we are bullish and aiming higher...
Previous analysis: Bitcoin (XBT) Challenging EMA300 | Can Lead To $8,111+
Thanks a lot for reading.
Remember to hit LIKE :)
Namaste.
We can see EMA10 ($7742) tested and a strong bounce with good volume and bullish indicators.
For Bitcoin to continue higher, the first barrier to break is ~$8000, the last high.
The immediate support is sitting around EMA at $7741 and $7690, this is the main support if prices start to retrace. Any lower and we look for EMA50 and/or $7400 - $7450.
Right now we are bullish and aiming higher...
Previous analysis: Bitcoin (XBT) Challenging EMA300 | Can Lead To $8,111+
Thanks a lot for reading.
Remember to hit LIKE :)
Namaste.
Comment:
$9200+ More possible now than ever...
Comment:
Moving up fast now...
Comment:
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General Bitcoin & Altcoins Market Update And Prediction For 2020
General Bitcoin & Altcoins Market Update And Prediction For 2020
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@rockyPetr, See it all the time... They get out of alts for one of 2 options: 1- BTC pump; 2- massive dump incoming so need it all in one asset.
I'm leaning #2 as alts led up and now lead down perhaps. Still in for 40% of my long but expecting it to get stopped out in profit. If option 1....gravy.
I'm leaning #2 as alts led up and now lead down perhaps. Still in for 40% of my long but expecting it to get stopped out in profit. If option 1....gravy.
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