There you have it folks, just a small correction (ending in a higher low) and Bitcoin resumes growing... Once more showing that Patience is the key.
This is not set in stone though, nothing is specially when looking at charts, they are always changing.
Our main support on the 4h timeframe based on my previous analysis is set at $55,000, this is our main...
BTCUSD is looking for great buying opportunity after forming consolidation for 78 days & has the high probability to make a move to the upside & has formed descending channel on 4h timeframe along with weekly RSI is at 63. It's now or never.
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I am always on stage telling myself over and over to be patient… But it isn’t easy, especially when the market is moving and you don’t know what is going on.
Bitcoin… It is time to grow.
Bitcoin (BTCUSD) 4H Timeframe Analysis by Alan Masters
We have a bullish chart.
We predicted a bullish breakout, even though we refrain from making predictions, and this is...
This is the monthly chart for BTCUSD (Bitcoin) which shows the bulls in full control.
First, we use EMA10 as a gauge of bullish/bearish potential for any altcoin trading pair.
Above EMA10 for us equals bullish.
Below EMA10 for us equals bearish.
Right now, Bitcoin is trading safely and strongly above EMA10, keeping the potential towards the bulls.
This is the most popular Bitcoin pair in the world. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of Bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls this cryptocurrency and everyone can take part. Bitcoin price grew significantly within a short period of time making the BTC/USD pair quite popular among active traders and investors. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.