Bitcoin Stops! Time To Go Long? $11,000 or $7,200 Next?

מעודכן
Bitcoin (BTCUSD) just hit a higher low on the daily time frame.

Back on the 17-July, BTCUSD hit a low at $9049.54.
Today, BTCUSD hit a higher low before moving up at $9111.00... Is it time to go long?

Bitcoin can potentially bounce at this level before it's next move.

On the chart above I've marked our two main scenarios:

  • (1) BTCUSD moves lower before it bounces.
  • (2) BTCUSD bounces at this level after hitting a higher low.


We are expecting additional retrace after this bounce is completely based on the weekly (longer-term) chart analysis.

You can it here:
Bitcoin Bearish Isn't All Bad News, Altcoins Paying More!


Where do you believe Bitcoin is headed next?

Share your thoughts in the comments section below.

Thanks a lot for reading.

This is Alan Masters.

Namaste.

Prediction: The Next Alternative Cryptocurrency Market Bull Run!
Prediction: The Next Alternative Cryptocurrency Market Bull Run!
הערה
Bitcoin (XBTUSD) Short-Term Analysis ($10,600 Next)
Bitcoin (XBTUSD) Bullish Doji ($10,600 Next)
הערה
THE NEW CHALLENGE

It keeps on changing and moving and we look for help outside of us.

We want to have certain experiences, yet, we believe, somehow, that help is going to come.

We remain full of hope, our dreams we give up, expecting for answers and solutions that are supposed to come from another Soul.

This is not at all how it all works.

If you want anything…

If you want something…

You have to take care of it on your own.

Not alone…

But it is you who needs to take the first step…

It is you who needs to get the job done.

Namaste.
הערה
Getting ready for action: תמונת-בזק
הערה
Moving higher with volume now starting to come in.
הערה
We hit our target nicely and Bitcoin now moves higher...
Here is our latest update:
Bitcoin Aims at $13,900 Next, Bears Have No Chance!
alanmastersBeyond Technical AnalysisbinanceBitcoin (Cryptocurrency)bitfinexbitmexbittrexBTCBTCUSDTechnical IndicatorsTrend AnalysisXBTUSD

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