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