The Bitcoin charts are changing and the BTCUSD pair might be looking to retrace... But we have multiple scenarios that can play out, so let's take a look at those and where are the relevant resistance and support levels.
We start with the chart as it is now:
Bullish Bitcoin : Bitcoin (BTCUSD) made a strong bullish move and grew by 35% from the 28th of July...
Ripple (XRPBTC) is now moving and has the potential to go higher.
Challenging EMA50 (0.00005436) today, we are seeing really good volume on the 4H time frame, as well as momentum building up.
The RSI is bullish at 58.40 trading above all resistance levels and is at its highest since December 2018.
The MACD is entering the bullish zone and looking good....
I will make it really simple for us (me and you) right now. Here is how this works... But wait, make sure to hit like before we get started... Ok, thanks a lot for the support, let's continue!
We have been looking at EMA100 as main resistance, which is the blue line that has rejected Bitcoin's growth several times in the recent past.
Looking at this moving...
I have been tracking this move for a while as I was original looking for another impulse wave to drive price up.
What I see developing now is a good platform to start trading long with support at the (A) €2479 this zone has shown strong support over the last few weeks and if continues to hold a price target on the extension up to (D) €4072 which is also the...
The BTC EUR should hit the price target of 2830 EUR per BTC by the end of the week.
Currently in strong momentum, the price broke the triangle resistance and the break is backed by several robust indicators.