Bitcoin Continues With Mixed Signals
Updated
We are still getting mixed signals from Bitcoin (BTCUSD), lots of uncertainty right now surrounding the cryptocurrency and global markets.
On the chart above, we can notice that the trading volume is really low, making sudden/surprise moves even more probable than before.
Even though Bitcoin is bouncing, trading above EMA10 and slowly creeping up, the market sentiment is extremely bearish, so prices are likely to go up.
Remember that these markets tend to move against the masses or popular believe.
This is not a signal that can be used to trade, but it can help support your bias.
Feel free to shit like to show your support.
Namaste.
On the chart above, we can notice that the trading volume is really low, making sudden/surprise moves even more probable than before.
Even though Bitcoin is bouncing, trading above EMA10 and slowly creeping up, the market sentiment is extremely bearish, so prices are likely to go up.
Remember that these markets tend to move against the masses or popular believe.
This is not a signal that can be used to trade, but it can help support your bias.
- If Bitcoin manages to conquer EMA50, we can look at the magenta dashed lines as our main targets.
- On a drop and close below EMA10, the orange and blue dashed lines are for support.
Feel free to shit like to show your support.
Namaste.
Note
Below you can find some altcoins... ✳️ Binance Coin vs Bitcoin | Multiple Timeframes
✳️ Crypto Total Market Cap. (Mixed W/ Bulls Favored)
✳️ WePower Trading Above Resistance (Next Target Mapped)
✳️ NIX Chart Analysis With Targets (280%+ Mapped)
✳️ ARPA Chain Looking Better (113%)
✳️ Nervos Network Low Is In (93% Target Mapped)
✴️ Cardano (ADAM20) Remains Bullish, Chart Fully Mapped
Note
The last analysis for Bitcoin (BTCUSD) I had doubts about the next move because of the mixed signals... I looked at the PAXBTC and ETHUSD charts and these gave me the final support and we went up... I am still seeing PAXBTC bearish (which is bullish for Bitcoin) and with ETHUSD the bulls are also slightly ahead (which is also bullish for Bitcoin).So I am comparing charts now that are related across platforms in order to look for additional signals that support my bias... Let's see how it works out this time.
Note
Check this out... TRXM20 (Litecoin with leverage on BitMEX) is at 55% and we haven't hit our first target...
Tron vs Bitcoin (TRXBTC) is also looking good... Feel free to visit below:
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
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.