Bitcoin (XBTUSD) Short-Term + Altcoins Update

28 May 2020

We looked at Bitcoin (BTCUSD) on the daily timeframe on a longer-term perspective, our followers started to wonder what would happen in the short-term...

Bitcoin, Here We Are!

We have Bitcoin (XBTUSD) moving higher.
The price is trading within a rising wedge and this looks like a bounce.

The blue area marked above the current price stands for "strong resistance", this level needs to be taken out before Bitcoin can continue any higher.

If this level can't be taken out, we continue lower.

Bitcoin's price is set to continue falling after this pullback.


Altcoins Bull

Bitcoin going up here is really good news for the altcoins.

We saw the altcoins strong when Bitcoin dropped thousands of dollars and they continue strong as Bitcoin bounces and moves up...

This is always good news because the Altcoins tend to boom when Bitcoin is going sideways, it is looking solid and strong, this is exactly what is going on.

We can expect the altcoins market to continue to grow.

Namaste.

28 May 2020

Not

ADAM20 (+225%)

29 May 2020

Not

update | Bitcoin (XBT) Short-Term 1H Timeframe Update

8X Lev. Bitcoin Cash (222%+), Final Call (Time Sensitive)