We looked at Dogecoin (DOGEUSD) on the daily timeframe; many bearish signals starting to develop.
Today, we are going to be looking at the 4h timeframe where we can gain additional information as to what is going on with this market/pair.
First, we notice how DOGEUSD went to test EMA200 as support after breaking below EMA100 back in April.
This same scenario...
Looks like Dogecoin (DOGEUSD) has gone up for a while now printing massive growth...
We have multiple bearish signals starting to develop on this chart.
Today, we can see DOGEUSD moving below EMA10.
EMA21 has already been tested as support... The next time it is hit it is likely to break.
We have bearish divergence with the RSI, same on the weekly...
Ethereum (ETHUSD) continues with its very strong bullish bias and price discovery action... How much higher can it go?
Everything continues to point higher.
More and more adoption news, events taking place.
More companies integrating cryptocurrencies into their platforms.
Something many believed was impossible just a few months ago.
We held through the entire...
There you have it folks, just a small correction (ending in a higher low) and Bitcoin resumes growing... Once more showing that Patience is the key.
This is not set in stone though, nothing is specially when looking at charts, they are always changing.
Our main support on the 4h timeframe based on my previous analysis is set at $55,000, this is our main...
We've been waiting for Bitcoin to move up since we saw Ethereum going ahead... We feel confident that it will follow and also hit a new All-Time High.
The chart is once more starting to look good.
We will focus on the signals...
Bitcoin Daily (D) Timeframe (BTCUSD)
We start with the daily timeframe, here is the chart:...
What is happening with Ethereum (ETHUSD)?
This chart is looking weak or strong?
Ethereum has been growing massively and this is great news for the entire cryptocurrency markets.
It is great when Bitcoin grows but it is also good to see the Altcoins do great... Feel free to hit LIKE now and let's get to the ETHUSD chart.
Ethereum vs the U.S. Dollar
The chart we shared for Frax Share (FXSBTC) went bust... Ouch!
But this is no big deal, this is normal...
Some we win, some we lose... Wait, it is a bit more complex than that.
We need to use a stop-loss and also have a well-developed plan before trading.
(To increase potential wins and reduce potential loss)
If one of our trades fails, we lose 10%, 20%,...
Ethereum (ETH) Moves Ahead, Back Above EMA10 +Altcoins Update
Ethereum (ETHUSD) peaked 16-April reaching a new All-Time High, what followed was a sudden but fast correction that took prices all the way down to EMA50 on a wick... Let's see what happens next.
Ethereum Bullish Chart Signals @alanmasters
Yesterday we saw ETHUSD bounce off the EMA21 line to close...
We have countless days of bullish action and we all jump and rejoice... We continue with a bullish market and we all enjoy the profits, the growth, and the fun.
We get one red day and we call it the end of the of it all... Remember, patience, Bitcoin is moving back up.
Looking at the 4H timeframe so far we have a "V-shaped" drop and also a...
This is the monthly chart for BTCUSD (Bitcoin) which shows the bulls in full control.
First, we use EMA10 as a gauge of bullish/bearish potential for any altcoin trading pair.
Above EMA10 for us equals bullish.
Below EMA10 for us equals bearish.
Right now, Bitcoin is trading safely and strongly above EMA10, keeping the potential towards the bulls.
The weekly candle is now complete and we have a bullish close at $59016.39 for BTCUSD.
Last week closed higher than the 15-Feb. week where Bitcoin hit its previous All-Time High.
The current All-Time High on this exchange (BitStamp) is currently set at $61781.83, hit on the 13th of March.
As Bitcoin grows, the Altcoins market is also doing great and showing...
We are right where we started back when Bitcoin was at $15,000 USD... The market looks overbought but the Bitcoin price continues to increase.
Let's have a look at the shady price action:
First, looking at the 1H timeframe, we have these steep drops that are quickly bought up, as if some magical entity/ies is trying to...
The "Stimulus Pump" is real and it is now being felt on the Bitcoin's price.
Ever since the 1.9T Covid checks were approved this past weekend, we have been seeing the bulls jumping back on top.
Now that the news is in, prices are starting to go back up.
The last high is the next resistance at $58,350 but we can go higher based on the short-lived retraces and...
Just like Bitcoin, Ethereum (ETHUSD) will also resume growing but only after seeing lower prices.
It is normal to have a correction after such strong bullish action.
Here we can see that ETHUSD is already trading below EMA10 weekly, sending out a strong bearish signal.
(Note: Candle closure later today is needed for confirmation of this signal. ETHUSD most...
Let's look at the positive side and hit like...
Bitcoin is bearish after some really strong bullish action, but this is just a healthy correction taking place.
Yes, we see Bitcoin going lower since the 22nd of February but the trading volume is low and we continue bullish mid and long-term.
We are likely to see prices bounce to ~$50,000+ when EMA50...
The excitement starts early today for Bitcoin (BTCUSD) with prices already reaching new highs.
How far up can we go today?
Since 5-Feb., we have $65,000 as our main target.
You can see it below:
This is another one that I feel will recover in the coming days/weeks...
It is likely that the low was hit back 7-Jan... Notice the high volume after this date... Notice the very low volume before this date.
We have bullish divergence with the MACD and RSI, a long-term one, and recently prices trading above EMA10.
Patience is key... That's the theme of this...
These are the questions that I am now getting very often... If Bitcoin will retrace, how far can it go?
The potential targets we look at are based on the timeframe we are reading...
Even though we have a very strong bearish candle today, with really high volume... It is still very early on this move, here is the daily (D) chart for BTCUSD:...