Bitcoin Started Journey of 8400$-9500$ !!!!!!!
All seems set for BTC 0.44% to complete the Butterfly pattern after massive breakout from 6500$-6700$ resistance zone .
Now these zone has become strong support and a good buy back zone.
We made the call of the re-test of 7500-7900 zone which has been achieved. the call link is shared below:
Possible Entry and exit targets are clearly stated on the chart.
BLUE: POSSIBLE ENTRY ZONE
RED: Possible Support LEVEL
GREEN: SELL TARGETS
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Note:
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Set up an entry/exit strategy for every trade, with good risk/reward ratio.
Bitcoin The Mega Bullish Bull (Target Was $6800, Goes to $7700+)
Bitcoin 0.42% started seriously today, after a series of higher lows and lower highs, Bitcoin 0.42% shows that it prefers to be bullish rather than bearish , it goes for its first higher high in quite a while.
Let’s take a few minutes to enjoy looking at Bitcoin 0.42% together… Namaste.
I was expecting a breakout before the 22nd October, it just happened and we are now back again on bullish bias/waters… This is good, because we have really good chances of Bitcoin 0.42% continuing to move up strong after today; first we wait for this daily candle to close. This is just the beginning.
In my previous analysis, we saw how Bitcoin 0.42% tends to bounce, and bounce strong, when it goes down hard and hits oversold on the 4H time frame. I saw the signal and recommended you buy and wrote “TIME TO BUY BITCOIN”… Well, now is time to move up.
On the chart:
We have really, really good volume on the daily candle. At the rate we are going, we are looking for the highest volume since April or even earlier, we will see how that goes. I will keep this trade idea updated.
The RSI is moving up strong and already in the bullish zone.
The STOCH is coming out of oversold with buy signal and trending up. Plenty of room left available for growth.
The MACD still needs work but this looks like it will be a very positive date for Bitcoin 0.42% .
Our main support is now sitting at $6220 on BitFinex. Around $6150 – $6300 is our new main strong support range now on average. After that we have the classic strong support which is the strongest at $5755 + $6000. We also how the $6000-$6100 range that can count as additional support. But this doesn’t matter now, we are moving up.
So let’s talk about resistance. We moved up all the way to $7788, that’s a lot. 23%+ increase from today’s candle alone. This is similar to the action we are seeing with Altcoins, I’ve been warning that their bullish action is a sign of bullish action coming for Bitcoin 0.42% , this now has been confirmed as true.
Resistance is being faced now at $6800+, this should be our major resistance for the daily candle. $7400 is also a very strong one but higher, since we touched it earlier and Bitcoin 0.42% is the king of breaking expectations, it can also decide to break and close above this level. If we close above $7400 today, we are super bullish . Right now we go for a close above $6800 first and go from there. As usual, I will keep you updated as this ride up to the MOON develops.
Depending on today’s close, we are looking at the first higher high in quite a while… This changes everything…
This is a general update. More will come.
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Namaste
