Bitcoin (BTCUSD) short-term drop, as seen in my previous analysis, is coming to an end.
We can look into any pair short, mid and long-term.
We are looking into Bitcoin (BTCUSD / XBTUSD) daily, in order to determine its next move.
Our main target now is $8500.
We went from SHORT to LONG...
Conditions for change
Remember that this situation/chart can easily change. Bitcoin is now trading above EMA10 on this timeframe (4h), but moving and closing below this level can invalidate the above analysis.
If the last low at $7700 is taken out, Bitcoin is likely to move lower rather than higher. But if the bulls continue to come in/follow up, BTCUSD is likely to bounce as it is happening right now.
If $8,500 is broken, BTCUSD can easily go higher... $9,000+.
Where do you think Bitcoin is headed?
Share your thoughts and charts in the comments section below...
Namaste.
We can look into any pair short, mid and long-term.
We are looking into Bitcoin (BTCUSD / XBTUSD) daily, in order to determine its next move.
Our main target now is $8500.
We went from SHORT to LONG...
Conditions for change
Remember that this situation/chart can easily change. Bitcoin is now trading above EMA10 on this timeframe (4h), but moving and closing below this level can invalidate the above analysis.
If the last low at $7700 is taken out, Bitcoin is likely to move lower rather than higher. But if the bulls continue to come in/follow up, BTCUSD is likely to bounce as it is happening right now.
If $8,500 is broken, BTCUSD can easily go higher... $9,000+.
Where do you think Bitcoin is headed?
Share your thoughts and charts in the comments section below...
Namaste.
Note
Leverage: 10XBuy-in: $7900 - $8030
Targets:
(1) $8100
(2) $8200
(3) $8340
(4) $8490
Stop-loss: Close daily candle (D) below $7,600.
Liq. price: $7307
(Buy-in calculated at $8000)
Potential profits: 61.2%
Capital allocation: 8%.
Note
Ethereum Shy Move To $185 or All The Way To $220?
Note
Targets:(1) $8100 |Hit 7-Oct. (+12.5%)
(2) $8200 |Hit 7-Oct. (+25%)
(3) $8340
(4) $8490
(5) Hold
Note
ResultsTNTBTC (+151%)
OSTBTC (+75%)
AMBBTC (+114%)
Chart Analysis
Ripple vs Bitcoin (XRPBTC)
Ripple vs Dollar (XRPUSD)
Nebulas (NASBTC)
Note
Targets:(1) $8100 |Hit 7-Oct. (+12.5%)
(2) $8200 |Hit 7-Oct. (+25%)
(*) $8300 |Hit 7-Oct. (+37%)
(3) $8340
(4) $8490
Note
Bullish engulfing candlestick pattern on the daily (daily close above $8180 needed for confirmation): There is also a higher low compared to the low hit on the 30-Sept. As well as above-average volume.
This is a good and strong bounce so far... Depending on how it develops, Bitcoin can go much higher than $8500... I will keep you updated.
Thanks a lot for the support.
Namaste.
Note
THE LOTUS FLOWERI never felt like I had any disadvantages, or that I was given a bad hand.
I never thought of myself as more or less than others, but we definitely didn't grow up with the same quality of tools.
I knew others had and have many advantages, but I kept going...
I did not go to the University...
I didn't read the books.
There's no father just a mother...
And life went on with a future unknown...
But I keep going...
Not the best manners, nor typing skills.
Not even a mediocre speaker, shy to speak in public...
But I keep on growing.
Yes! I come from dirt...
But I promise to bloom into a beautiful Lotus Flower.
Namaste.
Note
Targets:(1) $8100 |Hit 7-Oct. (+12.5%)
(2) $8200 |Hit 7-Oct. (+25%)
(3) $8340 |Hit 7-Oct. (+42%)
(4) $8490 |Next target.
Note
IOTXBTC (+104%)RDNBTC (+44%)
REQBTC (+53%)
Note
MANABTC Hit our target perfectly...Take a look at it here:
Note
New Bitcoin (BTCUSD) update, $11,111 Next?
Trade closed: target reached
Targets:(1) $8100 |Hit 7-Oct. (+12.5%)
(2) $8200 |Hit 7-Oct. (+25%)
(3) $8340 |Hit 7-Oct. (+42%)
(4) $8490 |Hit 9-Oct. (+61%)
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🚨 Long-term Financial Success Available
» Make The Right Choice
» Join NOW!
👉 lamatrades.com (Since 2017)
🥇 9999% Results
t.me/masteranandatrades/5935
t.me/anandatrades/971
🏆 FREE Trade-Numbers
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» Make The Right Choice
» Join NOW!
👉 lamatrades.com (Since 2017)
🥇 9999% Results
t.me/masteranandatrades/5935
t.me/anandatrades/971
🏆 FREE Trade-Numbers
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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.