#BITCOIN_Update : The Rise And Rise Of Bitcoin. [#WE_TRUST]
Updated
#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.
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@TogetherWeAccumulate.
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.
Note
#Bitcoin_UpdateAs we predict on our previous Bitcoin Technical Analysis idea the candle with the green circle was the one which gives a very good insight on our trade and once again it breaks out after the stated candle stick closes above the major resistance area at around 10650 USD area. For now we are looking on a bullish sign on Bitcoin trading breaking out from the falling wedge formation which was created after the correctional ABC move. We need some more indications to be fully confident on this prediction but it looks like very bullish for the short term to test once again the next levels of resistance at around 11750 USD, 12257 USD, 12965 USD and 13868 USD price ranges. But we can't say we are already on a bull run unless other wise we passed and closed above the 61.8% fib level at around 12200 USD - 12450 USD area.
- Even though the falling wedge breakout is a bullish indication we need to consider that we still needs a correction for a properly developing market. Besides the resistance levels are also might take some energy to break out by the bulls for the short run unless w
- MACD and RSI looking good for the short run on favor of the bulls.
- EMA[20] looking to stay on the bulls side but needs some more energy.
- Volume is not that much satisfactory though which might not make the trade to gain that much power.
Note that this is not a confirmed prediction on the outcome of Bitcoin and we need some more time to conclude and make a confirmed call on this trade.
-The tweet about the manipulation of Dollar by President Donald Trump seems a bullish maker though. But it still can't be considered as a very well manipulative news. Let's see the next 1 or 2 candles and additional indications and we will be at a point to confirm our positions.
@TogetherWeAccumulate
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