Today is Sunday and we are seeing Bitcoin (BTCUSD) moving back above the EMA10 ($17856) green line.
After testing EMA21 as support, this level clearly holds, its price is now resuming the strong and steep bullish action we were enjoying before.
We know that the entire market is strongly bullish because we have Bitcoin growing together with the Altcoins.
Normally you would see the Altcoins retrace big when Bitcoin is growing but instead they are growing together.
Getting back to Bitcoin and looking at the Exponential Moving Average lines... We can say that Bitcoin will head towards a new All-Time High (ATH).
As EMA21 was tested for the first time since October, BTCUSD printer a higher low... After a higher low, we easily get a higher high.
This next move is easily aiming at $21259 which would be a new All-Time High.
Here I have two additional targets at $27900 and finally $32,000+...
When we look at my analysis for early November, I β€οΈ Bitcoin To 30K? Hits Highest Level Since Jan. 2018, it seems that this is what Bitcoin is now aiming for.
What's your take?
See the previous idea below:
Thanks a lot for your continued support.
Namaste.
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We go with the trend this time around.
We continue bullish unless prices move and close below EMA10 daily ($17850) or EMA50 4h:
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The weekly can be a bit "problematic"... We have some mixed signals here, this will be an interesting week.
FULL MOON in Gemini today.
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βοΈ LUCK DOES NOT JUST HAPPEN, YOU CALL UPON IT!
Can I get lucky?
Am I lucky?
How do I attract more luck in my life?
Luck isn't something that just happens...
Luck needs to be attracted to yourself, your environment.
Luck is not instant, no.
Luck needs to be developed just like any other situation or ability.
Then, a new question arises... How to develop luck?
Change yourself, your surroundings, and the energies and people that are closest to you.
If you want to get lucky, start by doing what lucky people do.
Build up a positive, cheerful mentality.
Open up yourself to new realities.
Take risks, calculated risks, and start working towards the things that you really want.
With a positive mind, a more supportive environment, and people that have similar goals...
You just might start to become luckier or the changes you made might make it so that luck is needed no more.
Instead of luck, enjoy the fruits of your own work.
Be grateful for what you already DO have... That's what I call luck.
Namaste.
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$19,000+ ... Here we go again!
New ATH or what?
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π ±οΈ Ultra-Bullish Bitcoin Weekly, New All-Time High, Again + Targets
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NEW ALL-TIME HIGH HIT TODAY ON BITSTAMP FOR BITCOIN (BTCUSD)!
30-Nov. 2020 FULL MOON in Gemini happens only once a year.
I can agree with the bull trap but we need more details.
Namaste.
zbtmv
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@alanmasters, We saw a lot of resistance around $18,300 and $18,700 in the past, so I would suspect one of these targets would be the local high before retracing further. I think it is pretty unlikely we will break ATH without any further correction at all.
If we saw from here -> $18,700 -> ~$15,500 -> ATH I would not be surprised at all and this would be a much more healthy looking move imo.
@alanmasters, Just a small amount :) I got the price targets wrong this time clearly! I do still think this was a bull trap though, but was just shifted higher than expected!
@alanmasters, True we need more details, from a wave perspective, if we reverse from lower 18k, which could be waves B, or X. we will likely see more room to the downside in coming weeks which could trap bulls, unless 16k support holds firmly with a retest in form of a double bottom. and yes, bitcoin doesn't seize to surprise, lol.
Namaste.