Is Bitcoin Ready To Resume Its Growth? EMA100 Conquered

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Here we are looking at Bitcoin ( XBTUSD ) on the 4H timeframe and we see the possibility of a continuation of the last bullish move.

Right now XBTUSD is trading above EMA100, which is the purple line you see on the chart... Depending o how this level is handled, we will know Bitcoin's next move.

  • Above this level, Bitcoin can easily move higher.
  • If prices for XBTUSD move and close below EMA100 ($7181.5), then we test the lower support.
  • This analysis is for the short-term.

The RSI is strong and the MACD flat while trading on the bullish side. ( Bullish )
There is a good chance for a move to the upside... Please allow time for the charts to develop.

Feel free to hit LIKE if you would like to show your support.

This is Alan Masters.
Thanks a lot for reading.

Comment: MA200 is being challenged right now.
If BTCUSD can remain above this level, massive growth can follow.

Comment: Bitcoin Weekly
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decent analysis
mate tell your thoughts about my chart
+1 Reply
AlanSantana UnknownUnicorn6061584
@UnknownUnicorn6061584, Thanks for sharing, appreciated.
awesome work you did) my btc work here
AlanSantana UnknownUnicorn6047038
@UnknownUnicorn6047038, Thanks for the chart.
Good Idea!
The local support seems to reversed the local trend, which allowed the indicators to get into an overbought zone. In this idea I explain some important details on this move and why this is only the local trend.
Would be great to hear your opinion on this
@Anpu, Thanks for sharing.
AlanSantana massiveprofits
@massiveprofits, My pleasure.