Bitcoin Wizard
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Some Exchanges reached $10.950 others $10.900, give it some time to keep distributing, once it breaks $10.400 and closes a 4 h candle below next target is $9300, maybe one more small bounce at that level and then break to $8000/$8500 keep, you updated
Some people want me to update more often, but there is no need for that, the less trades the less mistake you make, weekly, daily, and 4 hour chart are good enough to trade and make good money, smaller time frames are not so reliable and give you to much stress
Xrp/usd shows a falling wedge with a bullish divergence on rsi, a breakout above $0.268 will confirm a buy signal, a stronger resistance point is $0.282 breaking that up will lead to a strong move to the upside, which I think is very likely.
ltc broke the downtrend line looks like reaching $76 this is an important resistance, breaking that up and closing a 4 hour candle above it will lead to more upside,
eos had a brekout of the downtrend with a bullish divergence on a daily chart, next target $4.45
btc next resistance $10.790/$10.800, I know is confusing because we are expecting bitcoin to hit lower levels but altcoins are showing bullish signs. thats why i dont like to trade altcoins, they make it difficult because they often depend on btc chart. For now, btc could be sideways for some days and altcoins may have time to go up a good % before bitcoin keeps correcting, as long as bitcoin does't go above $11.100 I will be still waiting for $9300 and then lower ($8000/$8500)
Taking a look to the weekly chart again, seems like a bullish ascending triangle, $11.600 is the key resistance level for the weekly close, meaning that a close above this level will confirm a breakout, as you can see there are many wicks above $11.600 but there is NO BODY of those candles closing above the resistance ($11.600), so it could still be locked in this range ($10k /$11.6 k) for some more weeks, but this is a bullish pattern and the target can easily reach the all time high of $19.900 once it breaksout.
The current confusion determining the pattern was due to the daily chart that shows a decending triangle (bearish) but the weekly chart shows an ascending triangle (bullish), the weekly chart is predominant over the daily so I will trust the weekly chart. Also by watching the price action in the latest week and the altcoins showing reversal patterns I'm more convinced this is just a bullish re accumulation period that will lead to a brekout above $11.600 towards 19k somewhere around this year.
BTT is also bullish, here are some key values
Bitcoin bullish confirmation is above $10.700/$10.800 so even if it reaches this level still have chance to go to the $9500 area which I think is more likely
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This is my worst case scenario it could reach around $8500/$8000, but weekly and monthly chart remain very bullish so this is just a re accumulation phase before going higher.
next move shows good risk reward for a long scalp, closes support is $10.200 closes target is around $10.480, but the final target could be little higher $10.680 or even $10.780
Xrp breaking out, the confirmation value is above $0.268, is looking good, probably the most hated coin in the crypto space now, which is good too for a pump