Bitcoin Breaks EMA50 Goes for $6700 (Support/Resistance Levels)

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Here is quick analysis on Bitcoin's price action... Enjoy.

What has been holding Bitcoin's price down since late July is the EMA50 (Magenta line). Bitcoin’ tried twice to break this resistance without luck, the third time it broke easily, we move to EMA100 (blue) next.

Here are our next targets for BTCUSD:

(1) $6686
(2) $6832
(3) $7000

And support levels:

(1) $6500
(2) $6460
(3) $6323

I will be tracking Bitcion's movement in this trade idea. Please like to stay updated.

Here you can find our Bitcoin’ long term trade:

[BTCUSD] Bitcoin - The KING - Long Term Trade [200%+ PP]

November always bullish:

BTC November Historically Bullish + Full Analysis ($9000 Next)

XBTUSD as well:

Bitcoin (XBTUSD) Up Next - Target $6750 - Support $6350.

Thanks a lot for reading.
Your support is appreciated.

Namaste.

Note

BTCKRW continues doing record volume:

SHORTS continue crashing.

LONGS barely increasing yet doing so.

4H chart:

Note

The price has been holding nicely above the recently broken resistance.

We have a bullish cross of EMA10 and EMA100 (green and blue).
And EMA10 and EMA200 (green and orange).

These are bullish signals that indicate that Bitcoin will move up further.

Note

November Bullish Ascending Channel (BTCUSD):

Note

Nice bounce above EMA10, Bitcoin is showing good strength:

Exchanges volume

Binance volume doubled in the past few days compared to average last week. The same goes for Coinbase Pro, Bittrex, Kraken, Huobi and Poloniex. These are some of the bigger ones and this is a good signal.

HitBTC, KuCoin, Cryptopia, CoinEx and other smaller ones are still doing the same volume.

Note

The Cryptocurrency Market continues to Heat Up!

WINGSBTC just made a 60%+ jump...

[WINGSBTC] FULL - Wings DAO Money Trade [380% – 1100% PP]

Note

Update:

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