Bitcoin (XBT) Challenging EMA300 | Can Lead To $8,111+

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
For Bitcoin ( XBTUSD ) on the 4H timeframe, the EMA300 line has been working as a very strong resistance and support level .

Notice this chart... Left side:
  • When EMA300 was conquered a massive jump in prices followed.
  • XBTUSD is now trading above this same level and trying to remain above it. If it can remain above, we can expect a huge jump in prices.
  • The MA200 line, black, is now fully conquered and will work as support if Bitcoin moves lower.
  • The indicators, RSI and MACD , both are positioned in a way that easily supports additional growth.

Here for the longer-term perspective/view with a $48,000 target for Bitcoin:
Thanks a lot for your support.
Remember to hit LIKE or leave a comment if you have any questions or something to share with us.

This is Alan Masters.

➡️ Crypto, FREE trades & More

The Best Altcoins Trades for The Crypto Capital Markets



Related Ideas


We are right now hugging the neckline of the head and shoulders, I think it's about to explode pretty soon.
darkpiggie darkpiggie
@darkpiggie, inverse head and shoulders obviously
alanmasters darkpiggie
@darkpiggie, That would be great, I've been waiting for it. :)
darkpiggie alanmasters
@alanmasters, It did fortunately, but now it's hugging the channel line.Given the high RSI levels it doesn't look like there is room for a breakout out of the channel. Let's wait and see :)
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out