Education

Bitcoin Weekly +$5,300 Possible If Bitcoin Does The Following...

Updated

Looking at Bitcoin on the weekly time frame, we have a few signals to look at:

We have the ADAM & EVE bottom which we looked at in the past.
The MACD is showing a strong bullish crossover.
Bitcoin is trading within EMA200 (orange bold) and MA200 (black bold) since November 2018.
First time that Bitcoin breaks and closes above EMA10 since late August 2018. Each time Bitcoin breaks above EMA10 it quickly falls back down after 1 or 2 weeks.

If Bitcoin can remain above EMA10 on the weekly time frame, this can signal the beginning of a change of trend.

The last time that Bitcoin traded and remained for more than one week above EMA10 was before January 2018.

My saying that above EMA10 = bullish potential and below bearish, can be fully appreciated here.
The strongest challenge for Bitcoin right now on the way up is $4105 or EMA200. If this level can be broken, you can expect Bitcoin to go above $5,000 fast and find resistance at EMA50/EMA100, around $5,300-$5,350.
The immediate support is sitting at $3820 or EMA10, followed by $3600.
Very strong support can be found within the $3,200 to $3,400 range.

Note: This update is for shared for my "Bitcoin Continues Solid (Bullishness Remains Intact) + Altcoins" analysis, you can find it here:

Feel free to hit like if you want to now, to show your support and encourange more free profitable trades and great articles.

Thanks a lot!

Namaste.

Comment

Full active altcoins trades:

NANOBTC

NANO Chart FULL Trade [NANOBTC](555% PP) @alanmasters

WPRBTC

POLYBTC

HYDROBTC

Results:

Binance Coin (BNBBTC) +60%

Binance Coin vs Tether (BNBUSDT) A Completely Different Story!

Neblio (NEBLBTC) +27%

Neblio Hints At Bullish Action (50-100% Possible)

Bread (BRDBTC) +80%

Bread Starts To BreakUp Silently [BRDBTC](83% PP)

DigiByte (DGBBTC) +40% (Patience is key!)

[DGBBTC](110% PP) DigiByte Trade Signal @alanmasters

SONM (SNMBTC) +45%

SONM Long Term Potential (800% To All-time High)

Comment

Komodo (KMDBTC) +125% profits generated

[KMDBTC] Komodo Before The Action [500% PP]

Ravencoin (RVNBTC) +250% profits...

[RVNBTC](246% PP) Ravencoin Full LONG Trade

Comment

SteemDollars (SBDBTC) +35%

SteemDollars Bullish Pattern And Signals (GREEN)

Comment

Ontology Gas (ONG)

AlanSantana

🔝 The Greatest Cryptocurrency Analysis on Earth!
followalan.com

🔥 6-In-1 ULTIMATE Package Offer Now Live! (The Best In The Market)
lamatrades.com (Since 2017)

🚨 The Best Trade-Numbers In The Universe
alansantanatrades.com

Related publications

Bitcoin Continues Solid (Bullishness Remains Intact) + Altcoins

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.