alanmasters

Bitcoin Trading Range ($6360 - $6480) - What Next?

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
BTCUSD’ (4H-TF)

  • Here you can see Bitcoin’ trading sideways.
  • Price action ranges between $6360 and $6480.
  • EMA200 (Orange) working as resistance.
  • EMA50 (Magenta) working as support.

BTCUSD’ Analysis

  • If Bitcoin’ breaks above EMA200 and top of the channel (purple line), it can move up and challenge $6600 followed by $6800.
  • If Bitcoin’ breaks below EMA50 and the bottom of the channel we go and test next support at $6200.
  • Bitcoin’ can continue consolidating sideways as well.

This is a short term analysis.

Please like, share, comment and follow.

Your support is appreciated.

Namaste.
Comment: Altcoins market is booming more and more, see gains in the past few hours for certain coins:
  • KOREBTC: 177%+
  • INCNTBTC: 260%+
  • UKGBTC: 140%+
  • CLOAKBTC: 30%+

More info:
Comment: Close up of the sideways action. Narrow trading range:
Comment: This chart makes it very easy to read Bitcoin, pure sideways.

Nothing to add. It needs lots of sideways so the alts can keep on booming. Once the alts have grown some, Bitcoin can do a short burst up for the alts correction to come and then resume.

It will be a long ride, and it will be slower than what many people think... Until it is no longer and it starts to move up strong. You know these markets, they will surprise at every single turn.

Namaste.
Comment: BTCUSD breaks channel:

"If Bitcoin’ breaks below EMA50 and the bottom of the channel we go and test next support at $6200. "

We test our next support.

For more updates, visit my latest Bitcoin trade idea (thanks for the support):

Namaste.
Trade closed: target reached: BTCUSD’ Analysis

- If Bitcoin’ breaks above EMA200 and top of the channel (purple line), it can move up and challenge $6600 followed by $6800.
- If Bitcoin’ breaks below EMA50 and the bottom of the channel we go and test next support at $6200.
- Bitcoin’ can continue consolidating sideways as well.

We broke down and went as low as $6211.
We moved back into the channel and broke up and went as high as $6540. We will hit $6600 and $6800 next.

For more updates come here:
🔥 Telegram 💬
https://t.me/AMTrades

🌐 Trade Crypto NOW!
https://alanmasterstrades.com
(Crypto-Trading, Altcoins, Binance, BitMEX, Strategy, Chat & Support)

✅ Telegram Signals
https://t.me/AMC1Regbot

💎 BITMEX BLACK LIFETIME
https://t.me/BBLREGBOT

Related Ideas

I think I found the topside...
Reply
IamJ IamJ
@IamJ, if you agree with this can I get a premium spot for free? :D
Reply
@IamJ, Thanks for sharing.
Reply
I'll just let you walk only the flower road!!

Reply
this is how i see it

Reply
We about to hit a recession.
Reply
TeeMiner TeeMiner
@TeeMiner, BCT might be going side way for a while.
Reply
TeeMiner TeeMiner
BTC*
Reply
Thanks for your work! Appreciate it!

I discuss bollinger bands and 50 daily MA rejecting price | 4h bull flag | Bulls failing to defend $6000 zone:
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out