AlanSantana

Bitcoin Starts Gaining Momentum, Now Above MA200, Where To Next?

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin ( BTCUSD ) is started to gain momentum now and leaning towards the bulls.

We had a strong move just a few days ago and a retrace took place.
We are now seeing a falling wedge (in black) that has been broken and BTCUSD moving above EMA100 and MA200.

Chart Signals & Indicators
  • The volume is still low and needed for confirmation.
  • We need a strong close on the 4H candle for additional bullish action.
  • The RSI is strong/ bullish above 50.
  • While the MACD is starting to curve and the histogram going in favor of the bulls.

Do you think this is it?
Will Bitcoin grow this time around or will it retrace further?

Share your thoughts with us in the comments section below.

This is Alan Masters.

Thanks a lot for reading.

Namaste.
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Namaste
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Comments

Cool! This is how I'm looking at BTC with a Gartley harmonic

+2 Reply
AlanSantana Cryptonite_trader
@Cryptonite_trader, Looking good... Thanks for sharing.
Reply
Look into Zencash @AlanSantana
+1 Reply
AlanSantana JoshuaVanier
@JoshuaVanier, Will do. Thanks.
Reply
Nice one bro! Check this out
+1 Reply
AlanSantana monetae_anon
@monetae_anon, Great job, that is a nice chart.
Reply
AlanSantana monetae_anon
@monetae_anon, Great catch. Thanks a lot for sharing.
Reply
Thanks Master
+1 Reply
AlanSantana sidhabdn
@sidhabdn, My pleasure.
Reply
AlanSantana sidhabdn
@sidhabdn, Good to see Bitcoin waking up before the year ends.
Reply