Bitcoin : To The Long Awaited 10K level. Happening Now?!
Updated
#Bitcoin_Update #4H
After all it seems we are in a bullish scenario and the bears are currently seems to be losing it at all. Currently trying to reach and pass that 9475$ area and it did tried to reach there with only a $10 less price levels. Every single setup looking to be perfect for a breakout and a bull run for the short term.
Indications:
MACD : looking very bullish crossing each other in favor of the bulls at all.
RSI : Very perfect place to be said in a bullish move right now at around 66 which is showing a good incoming volume to the market.
Candle Stick : Even though it is not in a down trend in the 4H chart we have seen a dragonfly bullish doji candle formed before 8 hours. And the current candle stick also looks very bullish and all the 3 candles formed consecutively are showing a surely bullish trend for a break out towards the next resistances of $9750 and $10000.
Pattern : The triangle formed by the past week is breaking out and showing Bitcoin has a very good potential for a breakout towards for the long waited 10K level.
EMA[20] : Showing a bullish scenario happening right now being below the current candle which will be taken as an indication for a bullish upward trend for the short term.
Conclusion :
We expect Bitcoin will be on the way to the $9750 and 10K USD price levels by the following 3 to 4 candles if it can close the current candle above the $9475 area.
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TogetherWeAccumulate
With Regards.
After all it seems we are in a bullish scenario and the bears are currently seems to be losing it at all. Currently trying to reach and pass that 9475$ area and it did tried to reach there with only a $10 less price levels. Every single setup looking to be perfect for a breakout and a bull run for the short term.
Indications:
MACD : looking very bullish crossing each other in favor of the bulls at all.
RSI : Very perfect place to be said in a bullish move right now at around 66 which is showing a good incoming volume to the market.
Candle Stick : Even though it is not in a down trend in the 4H chart we have seen a dragonfly bullish doji candle formed before 8 hours. And the current candle stick also looks very bullish and all the 3 candles formed consecutively are showing a surely bullish trend for a break out towards the next resistances of $9750 and $10000.
Pattern : The triangle formed by the past week is breaking out and showing Bitcoin has a very good potential for a breakout towards for the long waited 10K level.
EMA[20] : Showing a bullish scenario happening right now being below the current candle which will be taken as an indication for a bullish upward trend for the short term.
Conclusion :
We expect Bitcoin will be on the way to the $9750 and 10K USD price levels by the following 3 to 4 candles if it can close the current candle above the $9475 area.
Please drop your likes if you agree or your comments if you disagree with this idea and lets learn from each other. Besides help us to grow our community by following our trading view profile too. Thank you.
Stay Tuned For further updates. And you can follow our social media platforms for Live updates too.
TogetherWeAccumulate
With Regards.
Note
#Bitcoin_Update
After a good run towards the 10K level Bitcoin seems to take some breath to retrace for a healthy correction at the current candle formation. Reached our targets from our yesterday's call. Stay tuned for more. We will be updating the market status. A healthy pull back which might further go down upto $9765 if trend continues like it is doing currently.
With Regards. Team TWA.
Note
A huge fight between the bulls and the bears happening right now. Lets see who is going to win for the position of a decision maker.Note
#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 : 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.
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.
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