AlanSantana

Can Bitcoin Go To $10,000+? New Bullish Scenario Considered +...

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin ( BTCUSD ) hit a low on the 30-Sept. and has been printing higher lows since... Looking at this setup, a new possibility emerges.

After the strong drop around the 24-Sept., the bear volume has been low and Bitcoin recently managed to break above EMA10 on the daily timeframe .
Above EMA10 gives us bullish potential...

Now that EMA10 has been conquered, the next target becomes EMA50 which is sitting at $8800+, but $8588 needs to be taken out first.

Let's take a close look at the RSI ( Relative Strength Index ) indicator to see if it support further growth

  • Here you can see BTCUSD RSI's trading above resistance (red dashed line)
  • New low (oversold/weak) was hit on the 26-Sept. and now it is gaining momentum up.
  • Can easily hit up to 67 to support this move as strong.

What about the MACD (Moving Average Convergence Divergence) indicator?
Let's take a close look at it as well:
  • Even though it doesn't look as good as the RSI , the MACD is also trading above resistance (red dashed line) and this setup allows for additional growth.
  • If the MACD decides to move lower, it immediately has strong support.
  • The histogram is now green... Only follow up is needed by bulls, which can come as early as Wednesday or Thursday.

Here we took a more detailed look at our classic indicators and the Bitcoin ( BTCUSD ) chart in general shorter-term.

If you are looking for the LONG-TERM view, check the trade idea below:


Thanks a lot for reading and your continued support.

This is Alan Masters.

P.S. I don't buy likes and traffic either, so if you enjoy this content and would like to show your support feel free to hit LIKE. :)
This is not financial advice.


Namaste.
Comment: This is a strong drop.

The ALTS/BTC pairs remain strong, which is a positive signal for our trades.
I will wait for the daily candle to close and share a new update.

Thanks a lot for your support.
Comment: LOVE AND LET GO!

Do you think being humble is good?

No. Being humble is an ability, just like writing, painting or like having the Spirit of dancing.

Like all abilities, like all forces in nature...
Everything has its different aspects, benefits and disadvantages.

In the path to enlightenment, we are guided to be humble, through feelings...
We are told, in many different ways, that being humble will eventually attract the feelings, situations and experiences we want for us.

But being enlightened and joyful and enjoying life in a conventional setting, is not the same as being humble.

In order to interact with people, you have to learn how human interaction works... If you want to be successful in sharing with others your deepest thoughts.

So what's wrong with being humble?

There is nothing wrong with being humble, it is just that the disadvantages are not seen by the humble ones but the ones that will exploit them.

So instead of staying open and taking in the pain.
Use a different ability, your EGO, and stay away.

Tell yourself... "Yes, I love you... But I also have the Ego and is telling me to I love myself more... If I want to share this love with you, first I have to let you go!"

Namaste.
Comment: Super bullish Bitcoin... Looking really good.

Thanks a lot for your support.

Namaste.
Comment: New update:
FREE Telegram channel
📊 https://t.me/AMTrades

Learn to trade altcoins & read charts
🌐 https://alanmasterstrades.com

FREE PREMIUM Trades
🕉 https://t.me/amtpremium

Related Ideas

Comments

I dont trust in you anymore, Alan "Master"
+13 Reply
qnp diegoguichard
Reply
ARESABI diegoguichard
Reply
@ARESABI, i will follow. Tks a lot
Reply
AlanSantana diegoguichard
@diegoguichard, If you can earn it... You can lose it.

Namaste.
Reply
anditfeels AlanSantana
@AlanSantana, alanmastersscam.com the content is coming. Prepare yourself.
Reply
@diegoguichard, He is always bullish and in a bearish market he's been more wrong than right.
+1 Reply
anditfeels JamesLeblanc7b026d35f8a64916
@JamesLeblanc7b026d35f8a64916, more to say that he's always tries to convince his subscribers to keep the investments in his predictions for MONTHS to achieve his goals. Look at his prediction onb BTMBTC, you will be shocked!
Reply
HamadaMark anditfeels
@anditfeels, good to know the truth i knew this fact when he was has 1000 followers and copying me and others on tv
+1 Reply
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