Bitcoin Clocks 10K – Bulls Strong as Price Gets More Extended

There you have it folks, bitcoin just clocked 10k for this first time since March 2018.   Price has ripped higher today so enjoy the ride.  I would not be surprised to see some kind of reversal top in the next 24 to 48 hours.
I’m riding it for the meantime and may book a little if I see any kind of blow off top.

I’d say break out the champagne but we all remember what happened last time…..you know, we ripped to 20K.  Hahaha, keep your eyes open.  Don’t fomo and enjoy the profits if you have them.

MITH technical analysis

MITH seen from the temporality of 1D we can see that the price has reached the zone of demand, the bulls have to get to hold this position if we want to see a pullback to the parallel channel that was broken in the previous candle, the bulls have to push strongly the price to get to claim the support of the channel and thus be able to continue rising, if not to claim the support or if the demand in 1D is not enough to hold the position is very likely to see the price fall to 160.

MITH seen

Bitcoin Breaks Out…Eyeing $10,000!

Yesterday I discussed a likely breakout to $9,700-$9,800. Today bitcoin has exceeded those targets, climbing as high as $9,930. Daily volume has spiked from about $15 billion to over $20 billion.

In today’s video I discuss where price may be heading next, key areas to watch, traps to avoid and so much more. I hope you find it helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/workin/) or Steemit in order to watch.

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable

Bitcoin and general tips

 
This won’t be a long-post, I have some “Crypto Housekeeping” to do.
It occurred to me that my housekeeping itself may be of value to my readers, so I’m quickly going to run through it with you. But first let’s look at the big names:
Metals and BTC:
Yesterday I spoke about a precious metals breakout. My criterion for the confirmation of a Gold breakout WAS met! Now I wish I had had more money to put into Gold earlier this year! The other precious metals I discussed also performed well yesterday – it looks like they may finally regain their rightful prices.
 

Made

EOS technical analysis

EOS seen from the temporality of 1D we can observe how the price is very close to reach the support located in the 7085, reached that point we could see three possible scenarios, the first of them would be that the price to reach the support would find strong demand that will push the candle strongly up, anyway if this happens we would have to wait for confirmation, the second scenario would be that the price to reach the support close below, if so we would have a pullback that claims support, then we would have a strong signal to

Is Bitcoin Preparing for a Breakout?

Bitcoin seems to have confirmed a bullish ascending triangle pattern. That does suggest a break up, targeting approximately $9,750. This doesn’t mean it’s definitely going to break up. We know bitcoin has a history of painting bullish or bearish patterns, only to lure in guppies and take price in the opposite direction. Regardless, probability is in favor of a bullish break up to at least $9,600-$9,700. Volume remains lackluster as traders wait for confirmation of a larger move. I think that larger move will likely come in the next 48 hours.

Zooming out to a more macro level, we can see

CELR technical analysis

CELR seen from the temporality of 1D we can see how the structure of candles has formed an HL (lower higher) creating in this way a symmetrical triangle in relation to the lower highs, the current candle has begun to gain momentum after the price found support in the range of 198 – 204 that I have indicated in the chart inside the blue lower rectangle, I have also indicated the important areas of supply in the upper part of achieving the break up of this setup.

CELR seen from the temporality of 4H we can observe more closely the zone

Lets talk about: Facebook’s “Libra”

 
I didn’t want to write a post about Libra.
I’m a crypto blogger and, in my professional opinion, Libra isn’t a cryptocurrency. I mentioned it briefly yesterday, as a joke, but I can see that I will have to mention it a few more times.
As an impartial, objective and knowledgeable third-party, I see it as my responsibility to correct wrong opinions in the crypto world. I can’t always convince people, but I can give them a fighting chance and I can then sleep soundly at night, knowing that I have at least tried to help. I have already seen some very

Consolidation is more likely now…

Excellent week in general for the crypto market, more in particular for BITCOIN with 15% up in a week and ZCASH which is now up 37% in the 7 Days time frame, absolutely outstanding also…People sat that possibly institutions are bringing new money, which I hope it is happening, also the hype FACEBOOK LIBRA coin may affect as well despite is too early…However, I always look at the Total crypto Market chart as a whole and what I see now is that, even if we are going up day by day lately, some consolidation period is more likely to happen

RCN technical analysis

RCN seen from the temporality of 1W we can see how the price is in range zone with a prolonged trend since April with offer against the resistance located in the 605, the price has not achieved support this level so it has continued to fall with a small take profit around 500, in this perspective the price has to keep going down, the next support is located at 256, I have also placed a lower support based on the fibonacci tool and drawn the possible trajectory that could follow the price to continue going down, waiting for a pullback