Bitcoin Wizard
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Daily chart is bullish and still expecting $10.900/$11.000 to be reached this week
Just to make it clear, the hourly analysis is a short term price move and the daily analysis represents a larger move that takes more days, so I'm saying is going to reach $10.190/$10.250 and then have small retracement but in the mid term somewhere during this week I'm still expecting higher prices $10.900/$11.000
Btc Bitstamp chart, highest high yesterday $10.170 and corrected to support st $9874. Now looking for another reteys of the $10.200/$10.250 area
$10.221 reached, still has potential to go little higher $10.250 or even $10.300, but there is a 2 h bear divergence so it will drop, First target of this drop $9980 if this level hold this is the most bull scenario, but it could break and drop back to $9800, then we will see
if btc reaches $10.500/$10.600 then $10.200 is our new support and we can rebouy around this level
Next resistance $10.550/10.650, New support and buy zone $10.200$/10.250, Next Target $10.900/11.000 New stop loss $9.990
Btc reaching the resistance zone mentioned before around $10.600/10.650, I'm expecting a pullback to the buy zone around $10.250 and some consolidation or sideways in that range $10.200/$10.600, then next target will be $10.900/$11.000. But my final target as you all know is $11.600/$11.800 after we reach that value I won't be bullish anymore unless it goes above $12.300 which I really doubt, but anything is possible, so lets go step by step and see how it looks.
Btc update, Bitstamp chart. We finally reached a more relevant resistance zone $10.900/11.128, from this point we might need more re accumulation before going higher, possible retracement and buy zone $10.650 and the lowest I excpect is $10.400, The new Stop loss is located at $10.180. Target $11.550/$11.740 after that I expect a downtrend continuation towards $7600/$7800 but I will re analyze it when it gets to $11.550/$11.740.
Bitcoin closed the day above the 50 day ma currently located at $10.650 we didn't see any seel off, is a little overbought on a 4H chart, so I'm expecting some retracement to at least $10.650 and $10.500/10.590 as the worst case, look the RSI and Stoch RSI I'm pointing for the formation of a hidden bull divbergence so we need a little drop for the RSI to make a lower low but the price keep making a Higher low, Target $11.550/$11.740
So if it drops from this level $10.900 look for $10.500/$10.590 as buy zone, if it goes to the red zone which seems likely now at $11.000/$11.120 then look for $10.650 as the buy zone but i do see a retracement at this levels before going to $11.550/$11.740, so just a little warning for the fomo buyers that want to step in at $11.100
Xrp/usd weekly chart: Xrp looks in a tight accumulation range, resistance $0.35 suport $0.288. Notice that the 50 weekly and the 21 weekly are moving down and puting some downward preasure but the 200 weekly is been making the support rise every week, my opinion in this setup is that the price could continue flat in this range for 1 or 2 more months is hard to say but when it does breakout it will be really strong move that should take the price at least to $1.07, So this coin is better to buy every drop close to the support and hold.
hourly bear divergence on btc, not good to buy now, expect a retracement soon to the support levels, since it did not reach $11.120 then expect the buy zone to be little llower, at least $10.500/10.550, so even if it drops little lower to $10.300 or something like that it will still be bullish. is all good above $10.200