Please Hit LIKE NOW! to start reading and share this analysis when you are done... Let's get started... with LOVE! Namaste. -----------------
Bitcoin’ (XBT) is doing nicely on the chart and moving up... Let's take a quick look at price action and see where Bitcoin's price will go next.
We are now challenging EMA50 (magenta) which is sitting at $4155. If Bitcoin can break and CLOSE above this level, we can test $4350 followed by $4550 next.
The immediate resistance is sitting at $4190, which is a fib level and can be clearly seen on the chart. You can expect the price to range between this price and EMA10 (green) which is working as support.
Our next support, after EMA10 which is sitting at around $4070, is our green uptrend line.
If XBT fails to break resistance and falls back down, $3850+ will be our support.
So we are looking for a close above ~$4200 in order to continue our climb up, if the set up fails we go back down and test support.
Our next update will come once the above conditions changes.
If you found this information useful, hit LIKE for more.
Thanks a lot for reading.
Your support is truly appreciated.
Namaste.
تعليق
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Here is an example of one of our trade signals shared earlier today... all targets reached within hours.
----------------------- Trade Courtesy Of Alan Masters Bitmex (AMB) Signals:
Capital Allocation: <10% --- XBT Long All Targets Reached. 54.87% ROE.
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On the daily time frame, we are looking at a MACD bullish crossover:
The RSI is also setting up nicely, it needs to break above 50 to reinforce bullish strength.
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This new candle now needs to close above $4190 we can try and test our next targets " $4350 followed by $4550 next".
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Our PMABTC trade generated 69% profits in less than 48 hours... Check it out here:
You can also find our latest Bitcoin Updates here:
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$3850+ remains as support. Unless XBT breaks and closes below it, we remain with the same view...
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We will test $3550+ next. If this price holds we jump back up, if it doesn't we continue lower testing our next support:
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The immediate resistance is now sitting at $3890. We need to break and close above this price on the 4h time frame before we can look back at moving up short term.
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I will be posting a new "price action" update for XBT soon to keep track of its movement.
Thanks for the support thus far.
Namaste.
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We are looking positive now...
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Bitcoin (XBT) Price action update (4-Dec) now live:
Someone is in need of money lol. 50$ targets? You have to be kidding me. What happened with the 1000s% gains you always come up with? Finally getting a hang of the market huh? But 50$ targets. Come on man. Can’t belieb you are that broke. Hahaha
AlanSantana
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@ChartsOnTime, Check my profile. Click username "@alanmasters" you will find many more trades there with amazing profits.
For example, PMABTC generated 70% profits in less than 48 hours, take a look:
Many more profitable trades available.
Thanks for the support.
Ecua_Trader
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@alanmasters, you must be so proud of you. 1 good out of 20. If I was you I wouldnt invite people to look at your profile haha. Just saying. I invite you to look at mine however.
majorlee
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maybe we come up to test these areas in next 48-72hrs, need that weekday market back to find out
A winter sunday play on Bitcoin, bulls towards $4600 [BTFD]
good trades and thanks for the chart
Boon2
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BTCUSD H4 Update. Checkout the idea details and updates for the complete picture!
fract
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Zenter
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Well done , thanks, nameste :) Waiting for Verge's 3rd and 4th targets this weekend too. Possible cup & handle.
milanjelic
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Hit LIKE to enjoy and profit from the following trade signal.