Long

Bitcoin | Mixed Signals (Bearish and Bullish w/ Bulls Winning)

Updated

Looking at Bitcoin (BTCUSD) on the 4H timeframe, we are having mixed feelings/signals... Let's take a look at those.

First, we saw prices moving below EMA10 and testing EMA50 (bearish).
But now prices are back above EMA10 (bullish).
We have the big red candle on 2-Aug. (strong bearish), followed by a lower high on 6-Aug. (bearish).
Prices are currently trading above EMA10 (basic bullish).
No strength on the red candles (bullish).
The entire cryptocurrency/altcoins market continues to grow (strongly bullish).

Looking at higher timeframes, the daily timeframe for example, Bitcoin is now printing strong consolidation... We have mixed signals but the technicals are in favor of the bulls.

Would you like to see an analysis of the daily timeframe?
If Yes, leave a comment letting me know.

Also share in the comments section your favorite altcoin pairs for me to do an analysis and publish.

Thanks a lot for your amazing and continued support.

Namaste.

Note

Quick update

Some of the "mixed signals" are gone with prices moving below EMA10.
If BTCUSD doesn't move back above EMA10 quickly, the next target becomes ~$11050

Note

☘️ AFTER THE STORM, WE REBUILD

There has never been a time in our lives where there haven't been any storms.

We've been through volcanos, tsunamis, meteorites and even war.

Natural diseases are also part of what we call "storm"...

It doesn't matter how big the problem.
It doesn't matter if the times are ancient, if we are modern, if we are young, if we are old...

Human beings and animals have the ability to go on.

Regardless of what hit us... Every single time we learn from the experience, grieve if necessary but stand up once more.

Even if an entire city is taken down...
We always rebuild after the storm.

What comes out next is always better than everything we had before.

Don't take it as the end of the old...
Instead, we are witnessing the birth of a new world.

Namaste.

AlanSantana

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