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Bitcoin (XBTUSD) Short-Term + Altcoins Update

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
We looked at Bitcoin ( BTCUSD ) on the daily timeframe on a longer-term perspective, our followers started to wonder what would happen in the short-term...


Bitcoin 4H, Here We Are!

We have Bitcoin ( XBTUSD ) moving higher.
The price is trading within a rising wedge and this looks like a bounce.

The blue area marked above the current price stands for "strong resistance", this level this to be taken out before Bitcoin can continue any higher.

If this level can't be taken out, we continue lower.

Bitcoin's price is set to continue falling after this pullback.


Altcoins Bull

Bitcoin going up here is really good news for the altcoins.

We saw the altcoins strong when Bitcoin dropped thousands of dollars and they continue strong as Bitcoin bounces and moves up...

This is always good news, because the Altcoins tend to boom when Bitcoin is going sideways, it is looking solid and strong, this is exactly what is going on.

We can expect the altcoins market to continue to grow.

Namaste.
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