Bitcoin Wizard
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Free trading signals.

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Same strategy for taking profit on xrp/usd I will close it when the xrp /btc chart reaches the sell Zone, that's a weekly chart so it will Take at least couple Of weeks to get there
Btc daily chart is neutral, but monthly and weekly still bullish, technical indicators aren't really giving a buy or sell signal on bitcoin, but due to the altcoins been so bullish with confirmed breakouts it does not make any sence that bitcoin will drop hard and cancel all the charts. My conclusion is that the next move will be up and the first target is around $11.600, altcoins/btc charts are bullish and bitcoin dominance will continue to decline, therefore altcoins will offer greater upside moves than bitcoin during this uptrend.
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Ok I was wrong about the last assumption on bitcoin, and i believe this old scenario still valid and could Play out $8000/$8500. Regarding altcoins I remain bullish
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This chart shows xrp on 2017 in a strong uptrend while bitcoin was retracing, so this is posible with xrp or ethereum since they are the two biggest altcoins and eat bitcoin market cap when they rise.
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Xrp as well as other altcoins still have many weeks more of uptrend, is just starting, I will update with a new chart when it reaches some critical sell points.
short term update on btc, support zone around $9600/$9690 with target to $10.100 and possible extension to $10.400
breakdown doesn't mean a bear market is comming, is just a retracement inside a bull market, support at the 200 D ma $8300, there is a similar fractal that happened before
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This one here
As you can see bitcoin has reached a very strong support zone at the $8000/$8500 level, the green diagonal line supports the previous uptrend and is being retested right now.
THE WEEKLY RSI CYCLE: check how the rsi cycle remains below the yellow line and inside the red square during the bear market and above the yellow line inside the green square during the bull markets, this current move has made temporary break the yellow rsi line, but the positive thing is that is only Tuesday and the daily rsi is very oversold already. In order to consider this a true breakout, the weekly Rsi will need to stay below the yellow line and the price below the green line when the weekly candle closes this sunday. In resume believe the bull market is just starting and this is a good buy opportunity, but only the market will prove me right or wrong after the weekly close.
Btc resting at the 100 weekly moving average, it's an uncommon support, last time it held the price was in 2016 and it seems to be holding the price well right now, risk reward favors longs, as long as $7700/$7780 is support, next weekly relevant resistance $9300
4h chart shows a reversal structure with bull divergence, the the curent low seems to be the first higher low, price is above the 21 ema and seems to be breaking the 50 ma, which is really positive, when it goes to $8330 will be a more solid signal that the next target is $8700 and potentially $9200/$9300 in the upcomming days.
Impulse was to weak to break the 200 dma at $8500, there is risk to drop back to $7700
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Still expecting another pull back and more accumulation around $7800 before breaking above $8400, the rsi still shows a hidden bear div. However I'm wrong if it gives a daily close above $8500, but I consider that very unlikely.