Bitcoin (BTC) and analyzed by the Computer of the House – At the time of this writing, uses the bitcoin (BTC) for a fee of $10.770. We will go bullish or a bearish break out today? Click here for more information!
Contents
Bitcoin (BTC) chart
The chart shows that Bitcoin is back above the EMA 21 and EMA 55 is located.
This is usually interpreted as a bullish signal. We have also seen a bullish cross of the EMA-21 and EMA 55.
On the other hand, the koerssluiting on Tuesday and Wednesday, is not very convincing.
There needs to be a positive conclusion, get it, otherwise I am afraid that this weekend is going to sink.
If it is fall into the $10,000 area for the B-wave as shown below is displayed.
If and when this is actually going to happen, then I’ll attend to that later in this article.
Bitcoin (BTC) chart
Bitcoin (BTC), the 4-uursgrafiek
The 4 uursoverzicht, it is easy to see that Bitcoin is a great run you’ve had. Bitcoin, including one of the famous ‘Ascending Triangle’ form (see image below, red).
The Ascending Triangle is a continuation pattern. However, there is still a possibility that the Ascending Triangle to the down starts.
We have to come up with the following averages:
Bullish break-out, which is a 70% risk), target: $11.307
Bearish break-out (30% chance) – target: $10.114
However, since it is a continuation pattern, that’s what I think is that there is a major likelihood it is that the Bitcoin is in the direction of the $10.100 zone is going to fall today.
The reason for this is the fact that we have a number of ‘gaps’ to fill out and many traders are now looking up.
However, I will wait, of course, be in a position to be an affirmation of the direction, in order to avoid the risk of failure.
Bitcoin (BTC), the 4-hour time frame
CME Chart
In the chart below, we can see where the well-known ” gap ” in the bitcoin futures on CME are.
It is clear to see that there is a gap is in the range of $11.650 – $11.915 zone, and that there is a gap is in the range of $10.060 – $10.420 zone.
The big question is, what the gap was going to look up?
In this talk I would like to be in the Youtube video below for the story, because there are a lot of different scenarios come into play.
We will see in the following, the support and resistancelevels:
Support levels (in US$)
– 10.500 – 10.600 zone (short-term)
– 10.000 – 10.100 area (short-term)
– 9.800 (short-term)
– 9.400 (mid-term)
– To 7,000 (mid-term)
Resistance levels
– 10.800 (short-term)
– 11.100 (short-term)
– 11.800 (short-term)
– To 12,000 (mid-term)
Conclusion
At this point, it is very difficult to find out if we have the $10.100 zone, or if we are starting from here, a bullish break-out, seen in the direction of $11.300. To do this, are playing the price action is a very important role.
Bullish scenario:
What I can give, if we have a 1h candle closing above the $10.850 then, there is a good chance that we will have to deal with the bullish breakout in the direction of $11.300.
Bearish scenario:
If we have a 1h candle closing below the $10.600, then we can assume that a bearish break-out is in the direction of the $10.100 zone.
YouTube Update
Like, I take it you’re in the following you tube video with an explanation of the relevant scenarios, and the main stages of Bitcoin. Also, the Bitcoin’s dominance will be under scrutiny.
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