AlanSantana

Bitcoin (XBTUSD) Descending Channel, Bullish Flag & MA200

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Going back to MA200 on the 4H timeframe, Bitcoin ( XBTUSD ) has been going above and below this level on multiple occasions, basically giving us a sideways Bitcoin since late November.
This Bitcoin looks like it will eventually make a strong move to either side... In the meantime, the altcoins continue to grow.


We can clearly see a descending channel marked with purple dotted lines, as well as a big bullish flag .

We have some mixed signals here but the bulls are ahead as long as XBTUSD remains above MA200 and EMA10.

The important support and resistance levels short-term are marked on the chart with dashed blue and magenta lines.

Thanks a lot for reading and for your amazing and continued support.

Thanks | Namaste.

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