#Bitcoin :Trying To Figure Out Where It Can Go In The Short Term
Updated
#Bitcoin_Update
Bitcoin is once again trading above 10000$ and trying to keep its momentum to build a reversal uptrend. Currently looking good with a engulfing bull candle stick and moving to test the next major resistance price level of 10650$ if it can manage to close above the current resistance at around 10050$. Even though I don't want to predict it is going to be a 5 waves impulsive wave formation with out a confirmed move by which it failed to pass the 11136$ resistance area, I am predicting that Bitcoin will be in good uptrend move if it can pass the range between 10000$ and 10200$ area by the following candle stick formations.
- Next major resistances are 10650$ , 11136$, 11624$ 12317$ and 13202$ for the mid term.
- MACD looking on favor of the bulls for now, with RSI is also looking in a favor of the bulls by which it needs a reversal move though. EMA[20] for the short run is looking bullish keeping its movement below the price.
- NOTE : This is not a confirmed bull trend prediction and it needs some developmental moves and indications for a confirmed reversal bull trend.
Will update this trading LIVE so stay tuned with us.
@TogetherWeAccumulate
Bitcoin is once again trading above 10000$ and trying to keep its momentum to build a reversal uptrend. Currently looking good with a engulfing bull candle stick and moving to test the next major resistance price level of 10650$ if it can manage to close above the current resistance at around 10050$. Even though I don't want to predict it is going to be a 5 waves impulsive wave formation with out a confirmed move by which it failed to pass the 11136$ resistance area, I am predicting that Bitcoin will be in good uptrend move if it can pass the range between 10000$ and 10200$ area by the following candle stick formations.
- Next major resistances are 10650$ , 11136$, 11624$ 12317$ and 13202$ for the mid term.
- MACD looking on favor of the bulls for now, with RSI is also looking in a favor of the bulls by which it needs a reversal move though. EMA[20] for the short run is looking bullish keeping its movement below the price.
- NOTE : This is not a confirmed bull trend prediction and it needs some developmental moves and indications for a confirmed reversal bull trend.
Will update this trading LIVE so stay tuned with us.
@TogetherWeAccumulate
Trade closed: target reached
#Bitcoin_Update Bitcoin is currently at our exact prediciton price point at 10650$ testing and trying to go further more legs up towards the next Resistance at around 11136$. Our first target is done at this point and lets see what will be our next formation. We will give more updates on this developing trade. Stay Tuned.
@TogetherWeAccumulate
Note
Expecting a correction on this point too.Trade closed: target reached
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