Bitcoin Ascending Channel + Altcoins Market Update

9 พ.ย. 2020

A peak was hit for Bitcoin (BTCUSD) at $15968.98 on the 6th of November.

A Doji was printed on this day which signals indecision but not yet bearish.

After the Doji, we need multiple additional bearish candles close for confirmation.

So far Bitcoin has remained strong based on the fact that prices remain above EMA10.
Any trading above EMA10 and we stay strongly bullish on BTCUSD.

The next target is marked on the chart.

Support: On a drop, $14742 is the first and main support followed by $13930 or EMA21.

Both indicators, the MACD and RSI, are also looking good.

We stay with the trend until something changes.


What about the Altcoins?

We should see more altcoins pairs today print 2-3 digits of positive growth.

The altcoins tend to grow when Bitcoin is stagnant, sideways... But when you see Bitcoin and Altcoins growing together, it means that the bulls fully control the market.

In this scenario, we continue aiming higher until clear and strong signals show up signaling the end of the run.

Enjoy the profits.
Enjoy the growth.

Sometimes it is hard to accept the strong volatility and hard swings produced by these markets... But as prices crash and go down hard, they also boom and group up strong.

Hit LIKE now to show your support.

Namaste.

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