#BITCOIN : The Rise And Rise Of Bitcoin 3.[We Trust BTC!]]
Updated
#Bitcoin_Update
We are happy we achieved our Bitcoin prediction 2 days earlier that stated a bullish run of Bitcoin to its yearly high levels once again and reached 11.2K so far. Currently showing a bullish scenario if it can close in such momentum by the end of the weekend.
Indications and Scenario's
Indication are still showing a bullish trend continuation of the Bitcoin market with a good and fairly positive insights.
MACD : Once again get back to be bullish by this week and get a strength on being a bullish indication.
RSI : Still in an overbought stage which might help Bitcoin to don't face that much big retrace correction move.
Volume : Unfortunately we are having a big volume incoming in the market and seems to be still a very good indication of a bullish trend continuation.
EMA[20] : Showing a good bullish behavior for the short term which might help Bitcoin to get a strength to its 5th impulsive wave.
Candle Stick : Candlestick creation showing a bullish candle pattern with a possibility of a close of the current stick being a Marubozu candlestick which will be a very bullish sign for the coming weeks. But for this we need to see the close on the weekly chart waiting it for the next 24 hours.
Scenario's :
Scenario 1 : We might see a possible further bull run towards the next resistance line at 11512 USD in the short run and I believe there is a high possibility for this.
Scenario 2 : We might see Bitcoin to start a short term possible correction up to the 8700 USD area if it got rekt by the bears and by the influence of human demand and supply reactionary moves. But the possibility of this scenario to happen is not that much likely like the first scenario in my opinion.
Conclusion :
In general we are in a point were Bitcoin is once again getting its grace and reputation all over the financial area and we are for sure in a bullish trend. I believe we are still going to see more bullish moves from Bitcoin. This might in return affect the Alt trading scenario for the short term but will be fixed after Bitcoin starts its short term correctional or consolidation move mean while. For now expecting Bitcoin to test the 11512 for the short run and will surely have an impact on our Alt tradings. [Note that this is not still a confirmed opinion since we need some time to see the momentum of the trading activity and got to get some more indications for the next move.]
I will give more updates on Bitcoin further.
Stay Tuned for More.
By CryptoNati
TogetherWeAccumulate
We are happy we achieved our Bitcoin prediction 2 days earlier that stated a bullish run of Bitcoin to its yearly high levels once again and reached 11.2K so far. Currently showing a bullish scenario if it can close in such momentum by the end of the weekend.
Indications and Scenario's
Indication are still showing a bullish trend continuation of the Bitcoin market with a good and fairly positive insights.
MACD : Once again get back to be bullish by this week and get a strength on being a bullish indication.
RSI : Still in an overbought stage which might help Bitcoin to don't face that much big retrace correction move.
Volume : Unfortunately we are having a big volume incoming in the market and seems to be still a very good indication of a bullish trend continuation.
EMA[20] : Showing a good bullish behavior for the short term which might help Bitcoin to get a strength to its 5th impulsive wave.
Candle Stick : Candlestick creation showing a bullish candle pattern with a possibility of a close of the current stick being a Marubozu candlestick which will be a very bullish sign for the coming weeks. But for this we need to see the close on the weekly chart waiting it for the next 24 hours.
Scenario's :
Scenario 1 : We might see a possible further bull run towards the next resistance line at 11512 USD in the short run and I believe there is a high possibility for this.
Scenario 2 : We might see Bitcoin to start a short term possible correction up to the 8700 USD area if it got rekt by the bears and by the influence of human demand and supply reactionary moves. But the possibility of this scenario to happen is not that much likely like the first scenario in my opinion.
Conclusion :
In general we are in a point were Bitcoin is once again getting its grace and reputation all over the financial area and we are for sure in a bullish trend. I believe we are still going to see more bullish moves from Bitcoin. This might in return affect the Alt trading scenario for the short term but will be fixed after Bitcoin starts its short term correctional or consolidation move mean while. For now expecting Bitcoin to test the 11512 for the short run and will surely have an impact on our Alt tradings. [Note that this is not still a confirmed opinion since we need some time to see the momentum of the trading activity and got to get some more indications for the next move.]
I will give more updates on Bitcoin further.
Stay Tuned for More.
By CryptoNati
TogetherWeAccumulate
Trade closed: target reached
#Bitcoin_Update
On our last update we have been saying that we were deadly sure about the bullish moves on BTC and sure it did show a good performance in the days following that reaching 13868 USD. Since every bullish trend move needs some breathing time we are here seeing Bitcoin trying to correct itself for the short term. For now the correction is healthily performing and we might further see the 12510 USD area if it can hold some more momentum in the short run or else if bears continues to dominate like they did after the yearly high we might see a good retrace move which is very healthy up to the 9300 USD - 9500 USD area. We will give more active and detailed updates on Bitcoin in short while. Stay Tuned.
With Regards.
Please do consider to drop your likes if you agree with the idea and drop your comments if you have any additional idea to be discussed.
At last please do consider to follow our profile and help us to increase our community. Thank You For Your Time.
@TogetherWeAccumulate.
Related publications
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.