Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
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Our next target remains at $11,150 - $11,300 based on my previous analysis, which is playing it nice.
Right now we are seeing a strong bounce for Bitcoin (XBTUSD) after hitting EMA10. We can see good volume and momentum building up.
Above EMA10 we aim for our next target at 11k+. If Bitcoin moves lower, we look again for $10,500 (EMA10), followed by $10,100 - $10,200 as main support.
Feeling the market: Bitcoin can easily move higher.
Namaste.
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Previous analysis:
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Looks like the bulls and bears are on a tight fight and we are getting pure sideways action... There is a continuation pattern drawn on the chart and the tendency is bullish due to the recent breakout... We still use EMA10 as our signal for bullish/bearish potential...
Thanks a lot to all for the support. Feel free to leave a comment if you have any questions.
Namaste.
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From our friend @VasilyPonomarev Interesting read...
GLOBAL COLLAPSE IS COMING? WHY TO BUY BTC IN 2019?
On Wednesday, after the opening of the US stock market, stock prices rose on the NASDAQ exchange, which served as a driver for the growth of prices for the SPX500, as well as for the DowJones 30 and NASDAQ 100. Since the beginning of the trading session, the SPX500 index initially fell slightly, but still strong overall purchases on the NASDAQ nevertheless affected the price and the closing of the market on Wednesday was on the positive side.
At the beginning of Thursday, the price was fixed for the zone of the upper weekly volatility of 2948 and the goal is the upper zone of the monthly volatility of 2996. However, I am haunted by the thought of negative PMI (ISM) reports and I still think that by the end of the month the price for the SPX500 index will still be in the red zone. On the other hand, lowering the interest rate on September 18 may serve to create support for the entire stock market and raise the price of all US stock indices. The current arithmetic interest rate of 1.82%, which indicates a greater likelihood of easing the Fed's policy and cheaper loans make the business more profitable and, accordingly, large capitals will invest more in the stock market.
The cumulative delta of stock index futures is mainly growing, with the exception of the DowJones index, which in the last hours even closes purchases or opens sales, which is why the delta decline is associated.
The recommendation for today will still be an aggressive buy on the correction from the area of ??the upper weekly volatility of 2948 with a target of 2996.
For more restrained transactions, I recommend waiting for the stock market to open, in addition today there are a lot of financial indicators and watching the aggregate movement of shares on the NASDAQ exchange, in order to receive a better signal for entry.