Btc price is preparing for a big surprise.

in #bitcoin6 years ago

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Bitcoin analysis

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Have a look on the daily chart you can see that the triangle we have been following for the past few months has morphed into a larger descending triangle.Which means the markets can pick a direction on either way.Looking for a long position at the $6380 level. Could definitely wick down further but this is a concervative approach
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If we break we will see a big volume increase.see if the EMA bull cross can be confirmed on the 6hr chart. Note the EMA55 now acting as 20EMA and 50EMA just had a sneaky death cross - it will strengthen the resistance imposed by EMA sresistance.

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MACD about to make a crossover. We could expect a movement to $7000 before testing support again for a close above 6,780 for a possible bull move. Below 6,250 will be looking pretty bad.Think we're heading back to 6400 but overall bullish short term. Will have to see how this plays out.

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Btc price is preparing for a big surprise.

This chart is very clear btc behaviour always suprising us . Looking for a long position at the $6380 level. Could definitely wick down further but this is a concervative approach If we break we will see a big volume increase.see if the EMA bull cross can be confirmed on the 6hr chart. Note the EMA55 now acting as resistance.

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I expect that run up soon. I can't wait to use crypto on travels soon. I'm still a bit iffy on some websites but once they gain trust I'll be sure to use them.

Coins mentioned in post:

CoinPrice (USD)📉 24h📈 7d
BTCBitcoin6515.874$-0.37%2.15%
DASHDash188.078$-1.39%-2.17%
DOGEDogecoin0.006$2.74%11.13%
ETHEthereum219.361$-0.46%9.39%
LTCLitecoin57.019$-1.66%3.66%

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Great support and valuable promote

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I love ur info

Thank you for support and info

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