Bitcoin (BTCUSD) Price Action (19-Dec) @alanmasters

20 Ara 2018

Bitcoin (BTCUSD) is finally moving just like we like it... GREEN.

Today's price action update is going to be really straight forward and simple.

I am looking at a short term retrace to EMA10, to then continue climbing up. EMA10 is the GREEN line on the chart.

"Continue climbing up" would mean hitting our next target, which is around the 'red' on the chart.

If EMA10 doesn't hold as support and is broken, then I will post an update with an updated view of the situation.

For now we wait patiently to rebuy at support and go LONG there.

We can also SHORT the retrace, but this is more advanced, so I don't recommend it for beginners since mistakes can be made.

You can feel secure in holding your Bitcoin's for long. We already had plenty of bear action, now it time to move on.

Namaste.

You can see my/our (me and you) previous analysis here:

20 Ara 2018

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For the retrace, you can see this chart here Bitcoin (XBT):

20 Ara 2018

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P.S. This is NOT trade advice. You can find trades in my profile.

Use this information together with other analysis and your own research to better determine your next best course of action.

Again, trades are clearly detailed in my profile with buy in, targets, stop loss, capital allocation and more.

Thanks a lot for your continued support.

It is truly appreciated.

Make sure to hit LIKE!

Namaste.

20 Ara 2018

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Remember, above EMA10 is strength / holding, below is weakness.

So we want the candles closing above:





This is a strong one, 4H, you can spot the resistance (red dotted line and orange EMA200) and support (EMA10):

20 Ara 2018

İşlem aktif

Moving positive!

20 Ara 2018

İşlem aktif

Here is the actual chart, you can see we are reaching our strong resistance zone and EMA300 (gray):

20 Ara 2018

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Learning articles for beginners. Hit LIKE if you LIKE them... :D

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21 Ara 2018

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Bitcoin (BTCUSD) Price Action (20-Dec) - $4500 Next?

21 Ara 2018

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Our main support is holding at $4030.