Here we are looking at Bitcoin (XBTUSD) on the 4H timeframe and we see the possibility of a continuation of the last bullish move.
Right now XBTUSD is trading above EMA100, which is the purple line you see on the chart... Depending o how this level is handled, we will know Bitcoin's next move.
The RSI is strong and the MACD flat while trading on the bullish side. (Bullish)
There is a good chance for a move to the upside... Please allow time for the charts to develop.
Feel free to hit LIKE if you would like to show your support.
This is Alan Masters.
Thanks a lot for reading.
Namaste.
Right now XBTUSD is trading above EMA100, which is the purple line you see on the chart... Depending o how this level is handled, we will know Bitcoin's next move.
- Above this level, Bitcoin can easily move higher.
- If prices for XBTUSD move and close below EMA100 ($7181.5), then we test the lower support.
- This analysis is for the short-term.
The RSI is strong and the MACD flat while trading on the bullish side. (Bullish)
There is a good chance for a move to the upside... Please allow time for the charts to develop.
Feel free to hit LIKE if you would like to show your support.
This is Alan Masters.
Thanks a lot for reading.
Namaste.
Note
MA200 is being challenged right now.If BTCUSD can remain above this level, massive growth can follow.
Chart:
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🚨 Long-term Financial Success Available » Make The Right Choice » Join NOW! 👉 lamatrades.com (Since 2017)
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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.