BTC correction is still not overHi friends, the idea is self explanatory, feel free to share your opinion. Thanks
1-XBTUSD
Bitcoin | The Bears Take The Upper Hand (4H frame / short-term)XBTUSD (Bitcoin) is now trading below MA200 and EMA200 on the 4H Timeframe, signaling that the bears are now gaining control.
Prices have been slowly dropping since a peak was hit on the 13-Feb. There is the possibility that this becomes a strong correction, the biggest one before the halving but this is yet to fully confirm.
So far we have a normal retrace and Bitcoin is still looking pretty strong. But the bears are gaining momentum, we remain bearish as long as prices continue moving below support.
Namaste.
BTC Update (Feb 17)Our 2 buy orders at 9750$ and 9550$ were filled. This is the best opportunity to accumulate more BTC to catch the big Altcoin season.
Here is our plan
- If you just want to trade BTC/USDT, BTC will back to above 10000$ in next 2 days and will try to test 10500$ zone
- If you want to earn money effectively in this period, let you give BTC a safe range above 9000$ to keep trading Altcoin. And try to gain over 10% profit and don't worry about BTC in this period. Just try to buy Altcoin with the best buyzone
Bitcoin Aims At $9740 Followed by $9250 (Bearish Signs)XBTUSD (Bitcoin) is now looking full bearish with multiple bearish signals in the making... Let's take a look at those:
First we have a break of EMA10 and EMA50 as support. Prices are now trading below this level switching our potential from bullish to bearish.
Bearish cross between EMA10 and EMA50.
Bearish RSI, trending lower.
Bearish MACD.
Monday's can be bloody (red).
With also have a "rising wedge" that is breaking down.
All these signals are pointing to lower prices.
We are active with a short on 10X.
Make sure to hit LIKE if you would like to see the full trade details, we will share at 111 likes.
Namaste.
Where To Next BTC? | MA200 Conquered, Volume Starting To Show UPWe have been tracking Bitcoin (XBTUSD) closely basically on all timeframes and considering multiple scenarios... Here we are looking at it again short-term, 4H (4 hours) per candle.
We put our focus on MA200 (black line) because it is a strong indicator for Bitcoin on this time frame. You can see all of the details about it here:
Now, this level has been conquered and even though we still have low volume, it is starting to grow.
We can easily notice that Bitcoin is trading above EMA10 (bullish) as well as MA200. The MACD is also bullish.
The bulls have the upper hand as long as we remain trading above these levels. If XBTUSD moves below these two, then we switch our short-term view from bullish to bearish... Right now we stay with the bulls.
Namaste.
Bitcoin Going Back Down (Double Top OR Missed Double Top)Hello,
Bitcoin pumped Yesterday,22nd December 2019(Sunday) And Cme Futures opened with a big Gap on monday And as always cme gap is going to fill ,So for now i am bearish and holding short trade also Price is about to form and miss double top or potentially double top my take profit is around the cme gap
Also Share your views
Thank You
Is Bitcoin Ready To Resume Its Growth? EMA100 ConqueredHere we are looking at Bitcoin (XBTUSD) on the 4H timeframe and we see the possibility of a continuation of the last bullish move.
Right now XBTUSD is trading above EMA100, which is the purple line you see on the chart... Depending o how this level is handled, we will know Bitcoin's next move.
Above this level, Bitcoin can easily move higher.
If prices for XBTUSD move and close below EMA100 ($7181.5), then we test the lower support.
This analysis is for the short-term.
The RSI is strong and the MACD flat while trading on the bullish side. (Bullish)
There is a good chance for a move to the upside... Please allow time for the charts to develop.
Feel free to hit LIKE if you would like to show your support.
This is Alan Masters.
Thanks a lot for reading.
Namaste.
Bitcoin Prints Strong Bullish Divergence | The Low Is In?Bitcoin has been consolidating downwards for the past three weeks while holding the low from the 25th of November. Today, a new low was hit at $6425 with a 4H candlestick now starting to show increasing volume and bouncing back up, is the low in?
Here is the 4H chart:
On the daily (D) timeframe, which is the main chart above, strong bullish divergence is showing up with the MACD And RSI.
These are early signals but Bitcoin (BTCUSD) might have hit its low.
We have been waiting for Bitcoin to start growing in December...
We remain bullish long-term.
The altcoins continue to grow even while Bitcoin is having strong retraces and drops... This is only the beginning, the cryptocurrency markets will grow in late 2019 as well as in 2020, 2021 and beyond.
Thanks a lot for reading.
This is Alan Masters.
Namaste.
XBTUSD good short XBTUSD has been forming a bearish divergence on our oscillator. This can be a good short with entry at 7530 and targets at 7310, 7140 and 6890. Have a great day!
Bitcoin Bullish Inverse Head & Shoulders | $8500+ Now Possible!Bitcoin ( XBTUSD ) printed the classic iH&S pattern and is now producing a bullish breakout.
The neckline is being broken to the upside...
If the current 4H candle closes above the iH&S neckline, we can see so much more growth...
We have been tracking this move since the 21-Nov. You can take a look at it here |
Bitcoin Going To $10K December | Will It Go Lower First?
You can find additional information on the chart above.
We are active with a trade with 8X leverage.
Hit Like if you would like to see the full trade.
If this trade idea receives 111 likes, we will know there is enough interest and share the full trade details (buy-in, targets, stop-loss, capital allocation, and more).
Thanks a lot for reading.
Namaste.
Bitcoin To $10k P.t 3 | iHead & Shoulders (Support & Resistance)Bitcoin (BTCUSD) is following perfectly my chart from the 21-Nov., where we spotted the potential for a bounce at $6500 and saw Bitcoin going to $10000+ next month.
You can see it here:
Now, Bitcoin is printing the classic Inverse Head & Shoulders pattern, with the right shoulder being formed on increasing volume.
To provide additional and useful information, I also added the Fib. support and resistance levels for this next move.
Bitcoin (BTCUSD) Support & Resistance Levels
Support: $7188, $7044, $6840, $6640, $6515
Resistance: $$7370, $7850, $8220, $8750, $9600, $10136
The bold orange line is the "neckline" for the iH&S pattern. Above this line, Bitcoin can make a strong move to the upside.
Below the neckline, the pattern can easily become invalidated and we see Bitcoin go lower.
My view
I am of the bullish view and I believe Bitcoin will move higher in December 2019. Now the chart signals are fully starting to support this view.
Here is my previous analysis with an update on the Altcoins market bullishness and growth:
Thanks a lot for reading and for your continued support.
Namaste.
Bitcoin To $10,000+ In Dec. Pt.2 | Altcoins Market UpdateBitcoin (BTCUSD) starts to bounce and we have good volume coming in. Our last trade idea mentions a $10,000+ Bitcoin in December 2019...
You can take a look at it here | Bitcoin Going To $10K December | Will It Go Lower First?
BTCUSD Early Bullish Chart Signals
Above-average volume coming in for the bulls (Needs daily closure for confirmation).
Hidden bullish divergence on the RSI.
Reversal candlestick being printed...
These signals still need more time for confirmation, but Bitcoin is looking like its ready to change course and start to climb up.
Conditions for change
Naturally, if the last low at $6515 is broken, the above signals become invalid.
Altcoins Market Update
The Altcoins market continues to grow. Today we are having some really, really massive bullish action for many altcoins pairs.
We saw this coming months ago and appreciate your continued support... Now we can enjoy the profits.
Much more will come, here are some charts with recent results:
PATIENCE IS KEY!
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DATABTC (+1387%)
KEYBTC (+360%)
SNMBTC (+205%)
NAVBTC (+156%)
WPRBTC (+12%)
You can expect the altcoins vs bitcoin pairs (ALTSBTC) to continue growing for a very long time...
This is Alan Masters...
Thanks a lot for your continued support.
Namaste.
Why Will Bitcoin Grow Now? Why The Bulls Will Win!In a bullish market/bull cycle, altcoins go down while Bitcoin goes up.
Let me show you something that you are most likely very familiar with... The chorus goes like this:
When Bitcoin moves up strong, the altcoins tends to crash.
When Bitcoin moves down, the altcoins tends to crash.
When Bitcoin goes sideways, the altcoins tends to crash.
Lately, we've seen something quite different...
First. Bitcoin dropped 1000$ in one hit and the altcoins vs btc pairs held their support and some started to grow.
Second. Bitcoin started to grow and the alts remained the same and held their support.
Third. Bitcoin went sideways and the altcoins started to grow big time.
The difference is very clear and easy for all to see... So, what happens next?
Think the ALTSBTC pairs have a strong retrace and Bitcoin makes another jump.
What's your take?
Let's see how it goes.
Namaste.
Will Bitcoin Produce A Higher High, Higher Low or Lower Low?!Will Bitcoin (BTCUSD) produce a higher high, higher low or lower low?
The signals right now are pointing to a bounce (short-term) and straight to a higher high... These signals can change with time.
Everything is mapped out on the chart above.
Bitcoin can move higher but if support is broken (blue dashed line) the above signals are invalidated and can move lower.
The open 4H candle is the first confirmation to look for. A close above EMA10 on the current candle would be super bullish.
Another above support is good and keeps this analysis valid.
Thanks a lot for reading.
Remember to hit LIKE.
Thanks a lot for your support.
Namaste.
Bitcoin Sideways w/ Bullish Tendencies Continues | More AltcoinsBitcoin (BTCUSD) continues with its sideways consolidation as you can see on the chart above. The trading volume is really low so a strong move can happen anytime...
On top of the sideways action, Bitcoin is leaning more towards the bulls... Why?
Multiple of our signals remain bullish, for example, the RSI is above 50 and BTCUSD is trading above EMA10, but the trading volume is so low that a breakdown is as likely as a breakout. Anything can happen with this low volume.
We keep the same view as our chart for Bitcoin vs Tether (BTCUSDT), you can see it below:
As long as Bitcoin remains within the light blue zone, additional sideways action is expected.
The altcoins continue to grow, hitting higher highs and higher lows... Bitcoin is doing strong consolidation, we remain bullish until the signals turn.
Conditions for change
If Bitcoin moves lower and closes below EMA10 ($9213) or EMA50 ($9107), its bearish potential is activated and we look for the next support.
In the meantime, we are on the bull's side and continue to enjoy the altcoins growth.
What's your take on where Bitcoin is headed?
Share your thoughts with us in the comments section below.
Namaste.
Bitcoin Monthly Bullish Close | $8518/$7249 - $9788/$11596 (8)Bitcoin (BTCUSD) on the monthly timeframe closed with a bullish candlestick.
EMA10 held as support and now Bitcoin has the chance to move higher.
I made this chart pretty simple... This is how I am looking at it right now.
The light blue space is a tight range between our main resistance and support levels.
If $9788 can be broken, Bitcoin can easily move higher and reach $10,000+ to $11.5k.
On the downside, $8518 is the level to hold, if this breaks Bitcoin can easily move lower and test $7249... That's what you see on the title.
Right now the weekly chart is also looking bullish for me so I am of the bullish view... Take a look at the trade idea below.
How Does Bitcoin Make It To $33,333? | 6 Signals
Thanks a lot for your continued support.
Namaste.
How Does Bitcoin Makes It To $33,333? | 6 SignalsBitcoin's path to $33,333+.
Let's keep it simple.
We are going to look at just 6 different signals. We had all these same signals before the 2019 Bitcoin bull run, let's take at look at them now and see if it makes any sense...
Hit LIKE and push me up...
(1) Bullish flag.
(2) EMA10/EMA50 Cross.
(3) Bullish divergence with the MACD and RSI.
(4) Volume jump.
(5) MACD moves above zero.
What followed after these 5 signals was a short consolidation period of several weeks and then a massive and sustained bull run.
What will happen this time?
Share your thoughts in the comments section below.
Thanks a lot for your continued support.
Namaste.
Will Bitcoin Really Collapse Or Just A Bull Flag?Patience is key we are used to saying... is it not?
Will Bitcoin collapse?
Is it collapsing already?
Doomsday is here?
Bitcoin (XBTUSD) broke below EMA10 switching its bullish potentially from bullish to bearish on this timeframe (4H)/short-term.
Note: On the daily timeframe Bitcoin is still safely trading above EMA10 which is sitting at $8835. (Meaning that the bullish potential remains longer-term)
With that said, this retrace is shaping up but is still as normal and as classic as it comes.
Prices for Bitcoin tend to make their move on or after mid-week/Wednesday+...
So Bitcoin (XBTUSD) retraced and almost reached the 0.5 Fib. retracement support from the last bullish wave.
The 0.382 Fib retracement support was sitting at $9330 which is now resistance because Bitcoin's price is below it.
Depending on how the next few candles develop, Bitcoin can move up after touching EMA50 or can retrace further to reach the 0.618 level, which is $8555.5 on this chart.
The blue area is the consolidation zone and can be activated if Bitcoin decides to consolidate sideways.
Trading volume is really low... so the bears are lacking strength. If the volume does not show up for the bears, no follow-up, then expect a bounce and a move up (curved green arrow) .
If the bears do coming in, Bitcoin will test the lower support levels (red arrows).
Please allow time for this chart to develop... Patience is key.
Previous analysis:
Thanks a lot for reading.
Namaste.
XBTUSD Hourlystill riding my long from 100++
will close if 9977 and flip short
otherwise hold it like a champ
YOLO
Can Bitcoin Go To $10,000+? New Bullish Scenario Considered +...Bitcoin (BTCUSD) hit a low on the 30-Sept. and has been printing higher lows since... Looking at this setup, a new possibility emerges.
After the strong drop around the 24-Sept., the bear volume has been low and Bitcoin recently managed to break above EMA10 on the daily timeframe.
Above EMA10 gives us bullish potential...
Now that EMA10 has been conquered, the next target becomes EMA50 which is sitting at $8800+, but $8588 needs to be taken out first.
Let's take a close look at the RSI (Relative Strength Index) indicator to see if it support further growth
Here you can see BTCUSD RSI's trading above resistance (red dashed line)
New low (oversold/weak) was hit on the 26-Sept. and now it is gaining momentum up.
Can easily hit up to 67 to support this move as strong.
What about the MACD (Moving Average Convergence Divergence) indicator?
Let's take a close look at it as well:
Even though it doesn't look as good as the RSI, the MACD is also trading above resistance (red dashed line) and this setup allows for additional growth.
If the MACD decides to move lower, it immediately has strong support.
The histogram is now green... Only follow up is needed by bulls, which can come as early as Wednesday or Thursday.
Here we took a more detailed look at our classic indicators and the Bitcoin (BTCUSD) chart in general shorter-term.
If you are looking for the LONG-TERM view, check the trade idea below:
Thanks a lot for reading and your continued support.
This is Alan Masters.
P.S. I don't buy likes and traffic either, so if you enjoy this content and would like to show your support feel free to hit LIKE. :)
This is not financial advice.
Namaste.
Bitcoin Weekly | New ATH After... $6.3K or $4.7K 2020 Bottom?Bitcoin (BTCUSD) reached a peak price in late June... Old news, and moved down to test EMA10...
After some consolidation, EMA10 was broken and now Bitcoin's price is trading just above EMA50.
Looking at the bearishness of this chart, EMA50 can breakdown next just as EMA10 broke.
If this level breaks, the next support is sitting at around $6,350 or EMA100.
From this level, we can expect a strong bounce and a nice run until Bitcoin's price starts to drop in preparation for the 2020 Halving hype. This bounce can push BTC over $11,111...
The halving will be promoted as an event that will push Bitcoin to new highs and many beginners will start buying en-mass... Bitcoin will crash hard and only after the halving it will start a new slow and steady growth process.
This is of course just one scenario based on past history, chart signals, and experience.
After EMA100, we also have EMA200 (orange) & MA200 (black), these are the strongest support levels based on these indicators and where the reversal happened back in December 2018.
It is also possible that MA200 is tested again and I believe this to be the lowest price possible for Bitcoin in 2020. That is around $4700 USD.
I am not saying that Bitcoin will go this low next year, instead, if EMA100 does break then this is very likely where the bottom will be.
I think the ~$6000 area is very important in deciding if Bitcoin goes lower or if it reverses... It all depends on how this level is handled.
There will be lots and lots of changes coming up worldwide in 2020. There will be many life-changing events affecting each and every one of us.
So it is hard to go that far without knowing how big and with who is going to be the next war.
After the 2020 low is hit... Bitcoin (BTCUSD) will move to new highs and grow for years to come.
That's my prediction...
Don't think so?
Do you agree?
Well... If you have so much to say... Please share your charts and thoughts with us in the comments section below.
Namaste.
