Bitcoin Explodes on the Hourly Candle...

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin just had a huge burst up on the hourly candle, which was preceded by a strong drop .

We also have good volume .

This is giving us a nice bullish candle on the daily:
Is it time for the bulls?
Share in the comment section below...

Comment: We bounced back up and with really good momentum...

Comment: Volatility increasing is a good signal for us, this means we will have a breakout soon. We are hoping to breakout to the upside.

The bears were negated massively yesterday and even though we are lacking momentum, we are now trading above EMA10 and EMA50 on the 4h chart:

- It seems we will have action by the end of the weekend.
Comment: Check out ADABTC:
Comment: How to become a crypto-millionaire (40% up since sharing):
Comment: Ripple (XRPBTC) waking up:

Etherum (ETHBTC) as well:
Comment: We have a repeat of yesterday for another push up...

Bitcoin continues pushing up.
Comment: Bitcoin finally showing some strength...
Comment: Volume increases once more... Bitcoin wants to keep on "exploding" on the hourly timeframe. Bulls are gaining momentum...
Comment: Strong retrace going on but completely normal.

Here is the hourly chart:

- Price bounced from 8-Sept. trend line.
- Outside of Bollinger Bands.
- RSI oversold. Short term bounce expected.
Comment: Please click the trade idea below to follow my Bitcoin updates:
Comment: Bitcoin explodes once more on the hourly candle...

2.5% increase in one shot...
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Mr Alan
What do u think about INS!?

Cheers :)
@meveme, It is waking up. Looks promising and with good potential.

meveme alanmasters
@alanmasters, thank u siiiiiiiiiiir
All we need is to get above 100 MA @ 6800
And then above 200MA @ 7400


Thank u Mr.Alan for a great follow up
Hi everybody I cant understand btc go up or down in 3 days plz help me is go up 6560 in 3 days?
alanmasters Arash65ilani
@Arash65ilani, We are going up as far as it looks.
look at BTCshortsusd, that's why it happened
Itโ€™s pretty obvious what happened. Someones long triggered which caused what looked like a massive spike. Helped BTCs momentum but I donโ€™t thing changes long term targets of lower lows.
+1 Reply
kardia cryptomoorej1990
@cryptomoorej1990, Be careful with that thought. Trends don't move in the same direction forever. Trends do change.
@kardia, We are in a large descending triangle which break to the downside 70% of the time. Until the triangle is decisively broken to the upside we will remain bearish. Target for a break to the downside is 3k
+1 Reply
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