Updated

Bitcoin - Resistance & Support Levels

Here you have the next step for Bitcoin:

Support:

(1) $6400 - $6550
(2) $6600

Resistance:

(1) $6850
(2) $6900 - $7000
(3) $7160

These levels are based on the daily time frame.

Chart signals & indicators:

* MACD Bullish crossover and more bullish divergence.
* RSI going bullish, now above 50.
* STOCH on the bullish side as well.

Note: More volume is needed for additional bullish action, but today is Saturday after all. Let's see how the weekly candle closes tomorrow. A strong close on the weekly, above $6900, can be really good. Above $6750 is also good for now.

Daily TF chart:

Daily TF chart (log on):

Thanks for reading.

Please share your thoughts, charts and opinions in the comment section below.

Your support is highly appreciated.

Alan Masters...

Namaste.

Note

Previous analysis:

Bitcoin SHORTS at All Time High: Squeeze coming? ($5000 x BTC??)

Time to buy Bitcoin:

Note: I sent a suggestion recommending to buy Bitcoin, and Altcoins, before mid August... We are moving up now.

Thanks for the support.

Note

Supporting our great readers, followers and supporters...

Chart from BTC4G (Thanks for sharing with us)

Note

Slow steady growth. All levels remain the same.
Good positive close on the daily candle but not much to add.

Patience is key now...
Weekly candle closes in 24 hours.

That's all for today...

Have a good weekend.

Namaste.

Note

We touched our main support at $6557, which can be seen on the chart below marked with a trend line and EMA10 line, but quickly regained to continue loading up...

Here is the chart:

Note

Altcoin warning: Check out my profile for the latest altcoins trades, I will be posting many more opportunities thanks to your continued support.

I would also recommend taking a look at CoinEx Token (CET), good opportunity at the moment. Hexxcoin (HXX) is still a good choice for a long term hold with huge potential.

Note

Walton (WTCBTC) trade on Binance:

[WTCBTC] Walton Long Trade - Low Risk, High Reward [500%+ PP]

Note

Support levels update.

Support:

(1) $6200
(2) $6400 - $6550

Resistance:

(1) $6850
(2) $6900 - $7000
(3) $7160

Note

From one of our great readers/followers in the comment section:

Note

Another chart from our readers... I hope you enjoy it:

BITCOIN IS BACK!!! Predictions through 2020

Note

The purple line here is MA500. You can see the price trading within this line and our trendline (green dotted) from Sept. 2017 low.

- All levels remain the same. Bitcoin continues accumulating.

Note

Targets / Resistance:

(1) $6850 * Target reached *
(2) $6900 - $7000 * Target reached *

Bitcoin is starting the week on a positive note. We our main targets today.

Here is the chart... 4h:

1d (we are now above MA500, we need to close above it - daily candle closes in 10 minutes):

Note

For those that like Moving Averages, they seem like a good pointer as to find support and resistance levels... Same daily chart with log on:

*** Bitcoin: 5 Ways To Spot Resistance (4 Beginners) ***

Bitcoin: 3 Ways To Spot Resistance (4 Beginners)

Thanks a lot for reading.

Thanks again for the continued support.

I will post a new trade idea for my next Bitcoin update.

I LOVE YOU!

Namaste.

MasterAnanda

🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4

🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

MasterAnanda

Also on: