Bitcoin Wizard
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expecting small bounce on btc to $11.400/$11.500, but have the same bearish view overall. Im more bullish on altcoins, XRP and Stellar are looking way better than btc.
$10.800/$10.600 same support zone... right now is looking really good for a quick bounce up
for a quick super safe scalp a long from $10.650 the target is $10.850, but i expect higher prices after, next target will be $11.200 and maximum high i think $11.400/11.500.
Btc update: bounce from $10.600 only reached $10.680 not good, right now showing potencial more downside to $10.200/$10.270 before a bounce
Bitcoin Wizard
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Best buy zone when it reaches support closer to the 200 daily ma, seems like that will be in September, for now the price action is neutral-bearish and will eventually turn more bearish.
Neutral-bearish means the price is trending down slowly and will eventually gain downward, it does not favor Bitcoin longs at all, bounces are weak, despite we could still see quick up moves to $10.900 they are just corecctions and that doesn't mean something has changed.
Last signal I will send, weekly chart: the 20 ema is at $8700/$8900, look how it acted as support in the previous bull run, check the Rsi almost reaching support, so final correction very very likely to be at $8700/$8900 good buy zone for long term.
My friends Ryan and (Alex) have a nice channel, they share good bitcoin and altcoins signals, here is the link of the channel @ryanscharts
massive bull flag on weekly, support $8900/$9000 (buy zone) resistance $11.700, once it breaks $11.700 and close a weekly candle over it the target will be $19.900 this can take a few weeks.
xrp/usd had a fakeout below $0.283 (200 weekly) but managed to recover before the weekly close and had a great bullish close, target $0.52 and $0.89/$0.92 this coin is showing to be much more bullish than bitcoin according to the xrp/btc ratio.
Btc is been holding well and showing a weekly hidden bull divergence, the 20 ema (support) is located at $9160, the value is little different depending on the exchange, I would say the buy zone is $9160/$9300 this week, and it can be a very fast wick then back up.
Btc getting close to the buying zone, I also checked some altcoins/usd and they are forming some bull Divergences on a daily scale, so looks like the whole market will rebound when btc reaches the 9k support.