Technical Analysis (Weekly Prediction) - Bitcoin [04/10 - 11/10]

in crypto •  7 years ago  (edited)

If you're planning to trade crypto for short term duration, bitcoin will be good option for you.

Being in more technical way, its respecting trend line initiated from 15/09.

Observing 1 hr chart-

  • Looking at EMAs, they've already shown upward moment, after correction at ~$4275.
  • Also, MACD shown pullback with good magnitude, giving hint of bullish sentiment for next week, at least.

So, I'm stading bullish for short term with BTC/USD -

Target - ~$4600+ ( Previous resistance ) , and if it cuts, with minor correction BTC should hit ~$5000+ nearly within coming 2 weeks.
SL - $4240. If it cuts, then major correction will begin to fall upto min ~$4000.

Thanks.
Happy Trading...!!😊😊

crypto btc weekly prediction bullish
7 years ago by

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      ·  7 years ago 

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