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Bitcoin ( BTCUSD ) | Daily (D) Timeframe Analysis
- Circled in green, we can see the pattern.
- We can see a young crossover.
- histogram going in favor of the bulls.
- Hit oversold.
- Higher low was yet yesterday compared to the 30-Sept.
We are not there yet... These are early signals as they are still developing and the charts are always changing.
BTCUSD is still trading below EMA10 (green line on the chart), which gives it potential.
Before we can confirm a move much higher, this barrier needs to break.
BTCUSD needs to close daily above $8260 to confirm its potential.
$7700 is our main support and last low. Above this level, we keep the potential scenario.
Below $7700, Bitcoin can easily move lower.
You can leave a comment if you have any questions.
Make sure to share your charts in the comments section below with your opinion and ideas...
Thanks a lot for reading.
ADDITIONAL ALTCOINS RESULTS
ACCEPT IT... IS NOT AN END, IT IS A NEW BEGINNING!
How many times has it ended for you and you suddenly wake up?
How many times can you be gone in one moment... in one thought... Thinking it is all gone... and then again you wake up!
You can be sitting,
You can be sleeping,
You can even be listening to someone talk...
Right there, one more time, anytime, at all times and every single time that you consciously entertain one of your thoughts, you will have the feeling that it is the end when you wake up.
It is not the end...
It is not a new beginning...
It is a continuous cycle that keeps on going and evolves each time you try to understand how it works.
So please understand this...
This is a new beginning...
A new chance to do it all right, to get everything good or to repeat the same old pattern and get it all wrong.
It is not the end...
Whenever it is really over, then right there... Just one more second... And suddenly... We Wake Up!
Remember to hit LIKE for more trades...
BTCUSD + Altcoins |
Binance Coin Breaks Its Falling Wedge BNBBTC](110%)
Mainframe Is Finally Ready | +99%, 389% or 640%+ Growth Next?
So if you are looking to collect profits, the altcoins are always best.
Right now, as Bitcoin retraces and consolidates, the altcoins offer a better opportunity for profits.
It is a strong bullish signal... Let's see how it develops.
Thanks for your comment.