Bitcoin Aims at $10,100, Can It Go Higher? | Multiple Scenarios!

2 Sep 2019

Bitcoin (XBTUSD) is now aiming at EMA100 or $10,043. If you look at the chart above, you can notice that EMA100 has been working as resistance and rejecting Bitcoin's growth multiple times.

After a strong shake out, it is time to try again.

Here is the game plan:

• 1) If XBTUSD can break above $10,043 (EMA100) with good strength and volume, we can expect for it to move higher. This is the target/resistance that BTC is aiming at now.
  
  
• 2) If XBTUSD fails to move past this level, or remain above $9800 (EMA50), we can expect to test the low $9000s again.
  

I've drawn three different scenarios on the above chart:

• Green. Moving past resistance with momentum.
  
• Blue. Sideways growth.
  
• Red. Breaking below support and moving lower...
  

We are seeing the green and blue scenarios right now playing out... Which one you think will materialize?

Namaste.

2 Sep 2019

Catatan

Bitcoin update on the daily (1D) time frame
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2 Sep 2019

Catatan

We hit our main target at $10,100.

Thanks a lot for the support.

2 Sep 2019

Catatan

Ethereum (ETHUSD) Chart Analysis

2 Sep 2019

Catatan

Confirmed... Moving higher: