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Bitcoin | $9700 Next?
Bitcoin
Short
Bitcoin | $9700 Next?
By AlanSantana
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Updated
Aug 7, 2020
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Aug 7, 2020
Multiple bearish signals are starting to develop on the BTCUSD chart.
On the last drop, prices tested EMA50...
EMA100 can be tested next if EMA10 breaks.
If EMA10 holds, the last high can be tested before the next move develops.
Namaste.
Aug 7, 2020
Note
We are seeing Bitcoin and Gold move together... Gold (XAUUSD) is giving out some peaking signals.
The SPX is showing a rising wedge...
And we also have the CME Futures GAP.
✳️ Ethereum Aims At $344 Or Lower
🅱️ Remember The Bitcoin CME Futures GAP
💾 Gold Spot (XAUUSD) Peaked At 2074.77... For Now
💾 S&P 500 Index Rising Wedge
Aug 8, 2020
Note
"Focus on the altcoins".
Many altcoins bottomed out back in August 2019...
The altcoins in general (ALTSBTC) have been growing since February 2020...
Bitcoin has been going up and down and it hasn't affected the altcoin.
Forget about it and start collecting profits.
Bitcoin dropped over $1,000 just a few days back and the altcoins stay the same.
Focus on each chart separately.
Let Bitcoin do whatever it wants to do... The altcoins have been growing now for 5-7 months straight...
Don't let your fear of Bitcoin being Bitcoin miss out on this huge opportunity.
That is just my opinion of course.
Namaste.
Beyond Technical Analysis
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