Bitcoin Can Easily Move Lower or True Bounce In Place? |Altcoins

Updated

Bitcoin (BTCUSD) can easily move lower... According to the signals coming from the chart above.

My last analysis showed that the signals were weak and that Bitcoin could move down since it was rejected for the fourth time by strong resistance... You can see the full analysis here:

Bitcoin Faces Resistance | $9.6k or $11,3k? | Altcoins Market Up

Now, we are going to have a shorter-term look at the chart.

Bitcoin (BTCUSD) on The 4H Time Frame / Scale

First we have what appears to be a bullish engulfing pattern, a strong one, to push bTCUSD back above EMA10. (tradingview.com/x/AbkwVvBI/)
If the red trendline can be conquered, Bitcoin can easily move higher... but if it remains below it, as it is now, we can expect additional retrace.
Trading back down below EMA10 (candle close is needed for confirmation).
Bearish MACD and trending lower.
RSI on the bearish zone and trending down.
Retrace has gone to 0.5 Fib. of the last wave, can easily go lower to 0.618, 0.786 or 1.
The GREEN trendline would support Bitcoins price if it turns upward.

Feeling the market: Bitcoin can easily go lower, that's the feeling right now... The signals are above.

Altcoins

I mentioned the altcoins market in my last update for Bitcoin, which can be seen here, and that the alts would start moving from this point forward... Now...

I am seeing more pairs on Binance producing very strong bullish setups that can produce massive impulse waves...

Just watch... You can check my profile for some of those...

Thanks a lot for the support.

Namaste.

Note

Some examples of altcoins producing strong bullish charts

WABIBTC (TAEL)

ATOMBTC (Cosmos)

FUELBTC (Etherparty)

Etherparty Looking Good (40% Possible Within Days)

ARDRBTC (Ardor)

Ardor Is Already Moving (Easy 60%+ Profits Potential)

Note

Indexes and Binance Coin (BNB)

Bitcoin Dominance

BTC Dominance Facing Resistance Soon! (Where To Next?)

TOTAL Crypto Market Cap.

TOTAL Cryptocurrency Market Capitalization | Keeping It Simple!

TOTAL2 Crypto Market Cap. Exclude BTC

Crypto Total Market Cap Exclude BTC (TOTAL2) | Bulls Vs Bears

Binance Coin (BNBBTC)

Binance Coin Potential Bounce / Reversal Zone | +15% Possible?

Note

Aave (LENDBTC)

Bitcoin Dominance (BTC.D) | New Chart Analysis

Market Cap BTC Dominance Breaks Support (Where To Next?)

Note

Adex (ADXBTC) is now at 13%+ of profits...
See it below

AdEx Falling Wedge | 80% Profits Potential Targets After Confirm

Note

Litecoin (LTCBTC) Full Chart Analysis

Chart:

Litecoin Looking Bullish | Up to 250% Possible to Feb. '18 Peak

AdToken (ADTBTC) Hits Two Targets
Now at 40%+ of profits generated...

Chart:

adToken Is About To Jump (Easy 150%+ Profits Potential)

Note

First target hit perfectly...
Now moving lower...

Bitcoin Moving Lower | 70% ROE on 8X Lev. Full Trade

AlanSantana

🔝 Daily Cryptocurrency Technical Analysis
followalan.com

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