Bitcoin Weekly : Still High Probability To Test The 10K level.
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#Bitcoin_Update #Weekly
Each Bullish Engulfing candlesticks[depicted by blue rectangles] formations since the beginning of 2019 was followed by yearly highs. Still Bitcoin's market indications showing a possible upward trend continuation to the next strong resistance at $9800 and $10000 for the shorter term. Inbox us for more discussions and subscriptions.
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Each Bullish Engulfing candlesticks[depicted by blue rectangles] formations since the beginning of 2019 was followed by yearly highs. Still Bitcoin's market indications showing a possible upward trend continuation to the next strong resistance at $9800 and $10000 for the shorter term. Inbox us for more discussions and subscriptions.
Drop your likes if you agree or your comments if you disagree.
With Regards.
Nota
#Bitcoin_Update #4H Bitcoin 4H time frame chart showing a test at on the key price level of a support at $9011 and this must be a taken as a key point for Bitcoin . If it closes below this key price level we will heading to test the next support area at $8724. In general there 2 main scenario's to occur at the current trend.
Scenario 1 : Break out for a correction and this correction might even go further for an ABC correctional wave formation.
Scenario 2 : Reverse back for another leg up to test our current resistance price level at $9475 which might see a rejection once again for a H&S creation and for a bull run like the past two H&S formations for a test of the next stronger resistance price levels at around $9800 and $10000.
RSI and MACD in favor of the bears for the short run for now. and EMA is also trending on the way to the bearish side.
Our conclusion is we still can't confirm the next move unless we see some more chart formation indications but the close of the current or maximum the next 4H candlestick formation will tell us where Bitcoin will move in the short run.
Stay Tuned For further updates. And you can follow our social media platforms for Live updates too.
TogetherWeAccumulate
With Regards.
Nota
#Bitcoin_Update #1H Meanwhile Bitcoin's 1H chart seems to be to trend following our Scenario 2 to test the $9475 once again.
- RSI reverse back upwards, Volume is in a good momentum and MACD also trying to reverse with the favor of the bulls. EMA needs some energy to flow below the the price though but is also on the way if volume can make some progress.
On the 1H chart it seems we are going to fulfill our scenario 2 prediction and this will most probably will be fulfill if we can close above $9100 for the current candle stick formation.
But still need a confirmation for the next move though.
Stay Tuned For further updates. And you can follow our social media platforms for Live updates too.
TogetherWeAccumulate
With Regards.
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