Bitcoin Weekly Bullish ($14,000 Next?), Trading Above EMA10
Updated
We looked at all the reasons why Bitcoin (BTCUSD) can go bearish, over and over but technically we are strongly bullish with prices still trading above EMA10.
Our basic TA tells us that we remain bullish above EMA10 and bearish below.
EMA10 is the green line on the chart now sitting at $8971.4.
If Bitcoin remains above this level, we can easily see a jump follow.
When we look at some of the Altcoins that are growing big vs USD or USDT, on the weekly timeframe, we can see a similar pattern to BTC (A "V-shaped" drop and recovery) followed by additional growth.
We always remain open to all scenarios... Please keep in mind that Bitcoin can move higher as long as prices stay above this level.
If prices break and close below EMA10, the signals that we have been looking at over and over remain valid and the bearish view goes ahead.
But right now it is very easy for many to see Bitcoin drop, after four weeks of red but Bitcoin tends to move against the masses, which means That BITCOIN CAN EASILY GO BULLISH NEXT!
My target for a bullish jump?
Think about a high
13K to 14k.
What's your take?
Namaste.
Our basic TA tells us that we remain bullish above EMA10 and bearish below.
EMA10 is the green line on the chart now sitting at $8971.4.
If Bitcoin remains above this level, we can easily see a jump follow.
When we look at some of the Altcoins that are growing big vs USD or USDT, on the weekly timeframe, we can see a similar pattern to BTC (A "V-shaped" drop and recovery) followed by additional growth.
We always remain open to all scenarios... Please keep in mind that Bitcoin can move higher as long as prices stay above this level.
If prices break and close below EMA10, the signals that we have been looking at over and over remain valid and the bearish view goes ahead.
But right now it is very easy for many to see Bitcoin drop, after four weeks of red but Bitcoin tends to move against the masses, which means That BITCOIN CAN EASILY GO BULLISH NEXT!
My target for a bullish jump?
Think about a high
13K to 14k.What's your take?
Namaste.
Note
We also have a short-term update for Bitcoin (XBTUSD) on the 1H timeframe with support and resistance levels.You can see it below:
Note
Let's have a look at some of the altcoins we've been looking at:Note
🏆 VETBTC (+150%) AlanMasters](https://s3.tradingview.com/v/v3VV1UC4_mid.png)
🏆 LRCBTC
🏆 CDTBTC (+87%)
](https://s3.tradingview.com/n/NaB3bPRo_mid.png)
🏆 RLCBTC
🏆 ONGBTC (+100%+)
Note
More altcoins (These are recently shared articles + top alts)Ren Protocol (Going Back 1.5 Years...)
iExec RLC (RLC) Long-Term Chart W/ 1330%+ Potential Mapped
STORJBTC
HOTBTC (weekly)
HOtBTC (daily)
XDNBTC | DigitalNote (XDN) Enters Bullish Phase
Note
☘️ WORK SMART NOT HARD... BUT HARD WORK IS ALSO NEEDEDHave you ever heard the phrase, "Work smart not hard"?
We tend to agree... Be smart in all you do, no need to get lost in work, but life is not always simple there are different phases, different stages in everything we do, in everything we get involved.
As you are getting started or maybe halfway through your call...
There will be times when you need to work hard and yes, we do it, work hard and work smart.
Don't be afraid of dedication... Feel free to let yourself go.
You might be working really hard today...
The next day we enjoy the results.
Namaste.
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