Bitcoin Weekly Chart Update

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Let's be honest... This looks or not bearish to you?

We have a horrible weekly candle.
The weekly candle still has 24 more hours before it closes but as it is now it doesn't look good.

Above $63,000 on a weekly close would look way, way better and we wouldn't have a strong bearish signal in place.

As it looks now, it is not good.

If Bitcoin closes bearish tomorrow we are likely to go straight down and test EMA10 as support.
EMA10 is sitting here around $51800 (~$52k).

I am looking at this chart completely separate from everything else but this coincides with the daily timeframe analysis recently published.

What would you do if Bitcoin continues moving up?

What would you do if you knew Bitcoin was going to drop even though it will recover?

Everybody has a different strategy and trading style... I will tell you what I would do.

First, I am a long-term holder and always want more.

I trade Altcoins and my Bitcoins remain untouched.

But, if we reach a peak I do sell something to cash out and take care of my expenses and buy back lower but overall I simply hold.

Prices swings are irrelevant for us.

Bitcoin can go to $55,000, $50,000, or even $20,000 and for me, it is still really, really strong.

 I saw this great technology when it was valued at around $120 and I was active with buying and selling, so even $5,000 for me is really good, no, actually GREAT... That's my stand, what about yours?

We remain strong and holding no matter what Bitcoin does.

We are here for the long-term.

We believe in Bitcoin .
We believe in Crypto.
We believe in the Altcoins.

This is the future of money.

Are you trading or holding?
Are you buying, selling, or watching?

What you do, how you act or react, will depend on the answer to these questions above.

Thanks a lot, my fellow cryptocurrency lover.

This is Alan Santana.

Always grateful for your amazing and continued support.


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