Bitcoin Higher Lows | Still Aiming At $11,700 Or Lower?
Updated
Bitcoin (BTCUSD) continues printing higher lows since it hit ~$9,450 on the 15th of August.
The first peak was hit at $10,955 on the 19th of August. The retrace resulted in a higher low and there is the potential for a move up from current levels.
Now, Bitcoin can easily move lower here as well since we are looking at bearish indicators and its price moving below EMA5/10.
If EMA10 can't be broken to the upside, expect for the higher lows to fail and the blue dashed line to be tested.
Both the MACD and RSI are looking neutral leaning a bit more towards the bears... So this is a mixed signals chart.
Feeling the market
We believe the market sentiment is changing.
We believe that the altcoins will continue to grow.
For this we need Bitcoin to jump, more money entering the market, and then the altcoins can continue growing when Bitcoin retraces and produces a new higher low.
Whichever scenario plays out, we are ready for it all.
Where do you think Bitcoin is headed?
Share your thoughts, charts, and opinions on the comments section below.
Namaste.
The first peak was hit at $10,955 on the 19th of August. The retrace resulted in a higher low and there is the potential for a move up from current levels.
Now, Bitcoin can easily move lower here as well since we are looking at bearish indicators and its price moving below EMA5/10.
If EMA10 can't be broken to the upside, expect for the higher lows to fail and the blue dashed line to be tested.
Both the MACD and RSI are looking neutral leaning a bit more towards the bears... So this is a mixed signals chart.
Feeling the market
We believe the market sentiment is changing.
We believe that the altcoins will continue to grow.
For this we need Bitcoin to jump, more money entering the market, and then the altcoins can continue growing when Bitcoin retraces and produces a new higher low.
Whichever scenario plays out, we are ready for it all.
Where do you think Bitcoin is headed?
Share your thoughts, charts, and opinions on the comments section below.
Namaste.
Note
Bitcoin weekly chart- Trading above EMA10.
- Higher lows.
- RSI remains above 50.
As long as Bitcoin (BTCUSD) remains above EMA10, we continue looking higher.
If it breaks and closes below EMA10, then we start looking lower.
If you look back at the top in late Dec. '17, the setup is quite different... We have chances of moving higher... Please keep in mind the criterion mentioned above.
Chart:
Note
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Note
1H: 4H:
Note
Back into the triangle, cut trough support like butter...1H:
4H:
Please allow time for it to develop.
Namaste.
Note
[B]ALTCOINS RESULTS[/B]WANBTC +170%
EVXBTC +56%
 Everex High-Profits Targets @alanmasters](https://s3.tradingview.com/v/v5bDDs8a_mid.png)
FUNBTC +75%
ETCBTC +39%
 Ethereum Classic Bullish Engulfing, Trade Signal](https://s3.tradingview.com/z/ZnwsH1Cg_mid.png)
MATICBTC +49%
Note
BTCUSD First target hit perfectly at $10650.PHBBTC also hit two targets for 33%+
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