Bitcoin Weekly +$5,300 Possible If Bitcoin Does The Following...

12 Mar 2019

Looking at Bitcoin on the weekly time frame, we have a few signals to look at:

• We have the ADAM & EVE bottom which we looked at in the past.
  
  
• The MACD is showing a strong bullish crossover.
  
  
• Bitcoin is trading within EMA200 (orange bold) and MA200 (black bold) since November 2018.
  
  
• First time that Bitcoin breaks and closes above EMA10 since late August 2018. Each time Bitcoin breaks above EMA10 it quickly falls back down after 1 or 2 weeks.
  
  If Bitcoin can remain above EMA10 on the weekly time frame, this can signal the beginning of a change of trend.
  
  The last time that Bitcoin traded and remained for more than one week above EMA10 was before January 2018.
  
  My saying that above EMA10 = bullish potential and below bearish, can be fully appreciated here.
  
  
• The strongest challenge for Bitcoin right now on the way up is $4105 or EMA200. If this level can be broken, you can expect Bitcoin to go above $5,000 fast and find resistance at EMA50/EMA100, around $5,300-$5,350.
  
  
• The immediate support is sitting at $3820 or EMA10, followed by $3600.
  
  
• Very strong support can be found within the $3,200 to $3,400 range.
  

Note: This update is for shared for my "Bitcoin Continues Solid (Bullishness Remains Intact) + Altcoins" analysis, you can find it here:

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Thanks a lot!

Namaste.

13 Mar 2019

Not

Full active altcoins trades:

NANOBTC

WPRBTC

POLYBTC

HYDROBTC

Results:

Binance Coin (BNBBTC) +60%

Neblio (NEBLBTC) +27%

Bread (BRDBTC) +80%

DigiByte (DGBBTC) +40% (Patience is key!)

SONM (SNMBTC) +45%

13 Mar 2019

Not

Komodo (KMDBTC) +125% profits generated

Ravencoin (RVNBTC) +250% profits...

13 Mar 2019

Not

SteemDollars (SBDBTC) +35%

13 Mar 2019

Not

Ontology Gas (ONG)