Bitcoin (BTCUSD) just printed a strong bullish candlestick pattern, but we are not there yet...
Feel free to hit LIKE now and let's get started with this analysis... Thanks a lot for your support.
Bitcoin (BTCUSD) | Daily (D) Timeframe Analysis
Circled in green, we can see the bullish engulfing pattern.
We can see a young bullish MACD crossover.
MACD histogram going in favor of the bulls.
RSI Hit oversold.
Higher low was yet yesterday compared to the 30-Sept.
We are not there yet... These are early bullish signals as they are still developing and the charts are always changing.
BTCUSD is still trading below EMA10 (green line on the chart), which gives it bearish potential.
Before we can confirm a move much higher, this barrier needs to break.
BTCUSD needs to close daily above $8260 to confirm its bullish potential.
$7700 is our main support and last low. Above this level, we keep the bullish potential scenario.
Below $7700, Bitcoin can easily move lower.
You can leave a comment if you have any questions.
Make sure to share your charts in the comments section below with your opinion and ideas...
Thanks a lot for reading.
Namaste.
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Fetch.AI (FETBTC)(652%)
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Here is a list with some of our most recent results... _____________ AMBBTC (+154%)
RENBTC (+18%)
RDNBTC (+54%)
SCBTC (+25%)
ANKRBTC (+21%)
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Bitcoin is looking bullish...
1H:
4H:
ADDITIONAL ALTCOINS RESULTS
KEYBTC (+33%)
BATBTC (+44%)
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Purely for your entertainment... Hope you like it!
___________ ACCEPT IT... IS NOT AN END, IT IS A NEW BEGINNING!
How many times has it ended for you and you suddenly wake up?
How many times can you be gone in one moment... in one thought... Thinking it is all gone... and then again you wake up!
You can be sitting, You can be sleeping, You can even be listening to someone talk...
Right there, one more time, anytime, at all times and every single time that you consciously entertain one of your thoughts, you will have the feeling that it is the end when you wake up.
It is not the end... It is not a new beginning...
It is a continuous cycle that keeps on going and evolves each time you try to understand how it works.
So please understand this... Accept this...
This is a new beginning... A new chance to do it all right, to get everything good or to repeat the same old pattern and get it all wrong.
It is not the end... Surely isn't...
Whenever it is really over, then right there... Just one more second... And suddenly... We Wake Up!
Namaste.
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Additional altcoins results Remember to hit LIKE for more trades...
SWTBTC (+123%)
ZRXBTC (+100%)
GVTBTC (+32%)
HOTBTC (+22%)
MATICBTC (+49%)
REQBTC (+66%)
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Full Bitcoin Analysis + Altcoins Market Update (Extreme Bullishness)
BTCUSD + Altcoins |
Binance Coin Breaks Its Falling Wedge BNBBTC](110%)
Mainframe Is Finally Ready | +99%, 389% or 640%+ Growth Next?
Namaste, BTC or altcoins? In a bullish like this, Which is more beneficial?
AlanSantana
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@altoneastco, Altcoins.
AlanSantana
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@altoneastco, The altcoins have higher/bigger profits potential.
So if you are looking to collect profits, the altcoins are always best.
AlanSantana
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@altoneastco, Also, Bitcoin had a very strong run from ~$3,333 to almost $14,000... So it already had its turn.
Right now, as Bitcoin retraces and consolidates, the altcoins offer a better opportunity for profits.
Phdhh24
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Hi, dear namaste. But as we see, the bottom of the body of the second candle hasn't covered the first one completely.
AlanSantana
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@Phdhh24, Yes but it is still a strong bullish candlestick pattern... It might not be 100% bullish engulfing by the book, but its meaning remains the same.
It is a strong bullish signal... Let's see how it develops.