Long

Bitcoin bullish bias

Updated

Hello trader!!

As I predicted on the DXY post, the dollar has experienced a short strenght on September, which coincides with a weakness of the cyrptomarket

After a bearish month on the main crypto asset, we could see a new bullish scenario for the upcoming months. The price has been moving on a range between 10.000- 11500 USD, creating some uncertainty on the crypto world.

Having a look on the past months, since the halving, Bitcoin hasn't experienced a rectracement or something similar. Therefore, as September use to be a bearish movement on the coin, we can take all this fear generated due to this movement, as a corrective movement.

On the other hand, price has rejected both MA20 and EMA9 which can indicate us a buyers preassure. Therefore, if the price breaks the commented range (10k-11,5k), we could see a new bullish impulse on the next weeks.

I'll keep updating.

Note

Price is still moving inside the commented range. Volatility starts to increase, so we can expect some big movementes soon.

Note

Last week BTC broke up the range we commented. Therefore, probabilities tell us that a bullish movment is closer. Also, the volatilty has increased, so won't be crazy if wee see the price reaching 13k on the next 2-3 weeks.

Note

The price is still shwoing a big potential movement. We could see a new bullish wave on the upcoming weeks.

Trade closed: target reached

First target reached.

Note

BTC gone crazy!

Ometrading

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