Ethereum And Bitcoin Didn't Continue Moving Together...And we have a bearish Bitcoin meaning...
We also have a bearish Ethereum.
Right now ETHUSD is moving below EMA10 after a strong bearish candle 31-Aug. very similar to BTCUSD.
This weeks candle is still active and the week young... So this chart can easily change.
Confirmation only happens after candle closure; end of the week.
If ETHUSD closes below EMA10 ($352) this week, we will see $260 or lower on the next move.
The 31-Aug. candle has the highest volume since March and is a bearish candle. The action that followed after this candle supports lower prices.
Remember to hit LIKE now for more...
Namaste.
Alanmasters
Bitcoin Weekly Also Points Towards $9000/$9200 🇮🇳 AlanMastersMy beloved cryptocurrency enthusiast, supporters, and successful traders... Here we have the Bitcoin Weekly chart.
We looked at the 4H + Daily (D) timeframes earlier, shared below, and we saw the bears moving in and pushing prices lower...
We read the charts perfectly and we hit our targets.
Now, we know that each timeframe is unique and provides us with different signals.
The longer the timeframe, the stronger the signals we get.
Let's look at Bitcoin Weekly and see where prices are headed next.
IN SHORT
Bitcoin (BTCUSD) is now aiming lower at EMA50 or ~$9200.
CHART ANALYSIS
We do have some mixed signals but more bearish than bullish, let's have a look...
Wait, feel free to hit LIKE now, and let's continue!
1) We have a strong bearish candle 31-Aug.
2) A strong MACD bearish cross.
3) The RSI is still solid/strong above 50 but trending down (mixed-signal).
4) Prices trading below EMA10.
If this week BTCUSD closes below $10634 or EMA10, we are extremely likely to see $9200 tested as support.
Conditions for change
Bitcoin needs to settle above the purple trendline for the bullish view to come back on top.
Moving above EMA10 would be the first sign of potential change.
Any trading below EMA10 and we remain bearish while expecting lower prices.
--Previous charts--
Bitcoin Going To $9100, Bounce Up Or Lower? Altcoins?
Bitcoin Support Levels (My 10X Lev. Trade Targets)
Bitcoin Facing Resistance At MA200 (Short-Term) Yes Or No?
Namaste.
Bitcoin Support Levels (My 10X Lev. Trade Targets) 🇮🇳It's been a while since I shared some numbers for Bitcoin (BTCUSD).
We have a trade active now on 10X lev. and I would like to share our targets with you for learning and/or entertainment purposes...
Here they are:
BTCUSD Targets
1) $10355
2) $9888
3) $9370
4) $9065
-> We opened a SHORT Friday with a buy price of around $11110 - $10850.
-> We are using 10X. (High risk)
This is not financial advice.
Use this information to your advantage by making sure to have a plan before you trade.
If you are unsure about any action you are taking...
Take time out, read up, study more, take your time again, and let it go...
Come back when you are sure what is going on.
Meaning... If one opportunity is missed, another one will come.
So before jumping into any trade to make money and end up losing money, it is better to be prepared to increase your chances of winning more...
And if something goes wrong, we continue to study, continue to persist, and continue to trade until we produce the desired results.
Namaste.
Bitcoin Facing Resistance At MA200 (Short-Term) Yes Or No?We have Bitcoin (BTCUSD | 4H) facing resistance at MA200, the black line on the chart.
A strong drop followed after BTCUSD closed below MA200 back on 2-Sept.
Prices dropped from ~$11600 all the way to $9800+.
Today we have a rejection at MA200 on the 4H chart...
We have a bearish cross on the MACD.
Bearish divergence between BTCUSD and the MACD.
And prices breaking below EMA10.
This move is just shaping up but I am seeing lower prices.
I don't want to let my bias get in the way so let me tell you that this current candle is yet to close.
As no volume came in when MA200 was hit and prices are moving below EMA10...
We will take the signal and call it a drop, but if BTCUSD moves and closes above MA200/EMA10, we can see more up.
Overall, I am getting a bearish sentiment with a strong bearish signal in early August and a support level has been taken off.
We will see lower prices... Yes or No?
Share with us in the comments section below.
Namaste.
Bitcoin What Now? $9.7K Or Lower? Altcoins Are Going To Bleed? Ok... I know what's on your mind...
Hit LIKE to get started with this analysis now!
We predicted Bitcoin (BTCUSD) hitting around $9600 but...
As soon as this happens a new question comes up...
Will it resume growing or will it go lower?
Let's keep it simple shall we?
Bitcoin is very likely to go lower.
Now, I am not saying this based on upcoming news events...
I am not saying this because I am a "Bitcoin bear"...
Remember that I am the biggest Bitcoin/Cryptocurrency fan, I love crypto.
I am saying this because of what I am seeing coming from the above chart...
Purely based on Technical Analysis/Chart Reading/Signals.
Let's read the chart together and let me know in the comments section what you think.
Bitcoin Daily by Alan Masters
BTCUSD first printed a lower-high after the 17-Aug. peak and then went on to close below EMA10. Giving us our first strong bearish signal.
We were warned on 2-Aug. that a drop was coming when a "Bearish reversal candle" came in.
After the break of EMA10 as support, a strong bearish candle that took out the EMA50 and EMA100 followed...
High volume on this bearish candle.
Yesterday's candle is neutral and today we are starting the day with a bearish bias.
The daily MACD is now on the bearish zone.
The RSI is getting weaker and weaker and the STOCH is reaching oversold.
We also have an inverted cup pattern which is bearish.
While prices are trading below the 0.5 Fib. retracement support.
All of the above are bearish signals...
We don't have any bullish signals right now.
We are in a bullish trend, for sure...
Yes, but the signals developing now are all bearish and pointing lower.
To answer the initial question...
Bitcoin is likely to go lower and hit $9700 followed by $9000/$9250.
Note: Potentially, we can see a bounce take place to around $11,000 before more red... But taking into consideration all these signals, prices can go lower right away.
My last question goes as follows...
What do you think will happen next?
What about the Altcoins market?
We can see retraces and corrections when it comes to the altcoins but in general, they will continue to grow.
Even if Bitcoin drops hard/strong the altcoins will recover and resume their growth.
When I say "Altcoins", I am referring to all the altcoins minus the TOP10.
The TOP10 tends to follow Bitcoin and/or detach and create their own cycles.
Feel free to leave a comment if you have any questions.
Remember to hit LIKE to show your support.
Namaste.
Previous analysis | 2-Sept.
13-Aug.
Bitcoin Related To The Altcoins (Altcoins Market Update)We've been looking at Bitcoin but keeping our focus 100% on the Altcoins...
Here are the questions that continue to come up:
1) What will happen to the Altcoins if Bitcoin crashes?
2) Will there be a new Altcoins bull run?
3) If yes, to question #2, when will it happen?
4) How are you doing Alan Masters?
Ok... Let's get to it.
First, I've given multiple updates in the past related to Bitcoin and the Altcoins.
We saw Bitcoin drop by $1000+ in the past and the altcoins vs Bitcoin pairs stay the same.
Note: When I say/write/mention/refer to altcoins, I mean all the altcoins in the market minus the TOP10/15.
That is because the TOP10/15 are so big compared to the smaller ones that they have their own cycles and tend to move together with Bitcoin rather than together with the "Altcoins".
ANSWERS----
1) What will happen to the Altcoins if Bitcoin crashes?
My answer to this one has already become true.
If Bitcoin crashes strong, the Altcoins can experience a temporary retrace that will result in a higher low...
We already saw this happen a few weeks back.
The altcoins will end up producing a higher low and then continue to grow.
The altcoins market is now on a bullish cycle so we can always expect additional growth...
Yes, wait for it... FOR YEARS TO COME.
2) Will there be a new Altcoins bull run?
3) If yes, to question #2, when will it happen?
Yes, absolutely... Eventually... But it can take months or even up to a year+ for the altcoins market bull run.
We are seeing huge growth, but trust me... This is only the beginning, there is so much more to come.
4) How are you doing Alan Masters?
I am doing great thank you... Thanks to your continued support.
Namaste.
Bitcoin Monthly Closes At $11350, Next Target Updated At...Bitcoin had a very strong close in July at $11350, hitting a new high and the highest price since August 2019... 1 year ago.
This is a huge development and opens the door for additional bullish action.
We've been aiming at the highs $13k/$14k on multiple timeframes if the $10400/$10500 barrier was taken out...
This is true in the monthly timeframe as well.
Our next target for Bitcoin is sitting at $13,764/$14,000.
Same as with the daily and weekly charts:
Daily | Bitcoin Looking Strong to $14K, Waiting For Monthly Closure
Daily | Bitcoin Continues Strong | Bull Aims At $13,500 or Higher
Bitcoin Weekly Updated
The bearish view we saw recently has been completely invalidated and now we look higher as long as price remains trading above EMA10.
Altcoins market
A bullish Bitcoin continues to be a strong bullish development for the entire altcoins market.
As Bitcoin grows the altcoins can retrace or consolidate... As soon as Bitcoin stops, there can be an initial correction followed by strong bullish action.
Money flowing into Bitcoin when Bitcoin retraces flows directly into the altcoins.
As Bitcoin continues to break bullish, we can expect the altcoins market to continue to grow.
When prices drop and hit support for the altcoins, that's the time to rebuy and reload.
When prices move up and a new target/resistance is hit... That's the best time to sell and secure profits.
If you have a plan/strategy it becomes very easy to be successful when you trade cryptocurrency, we only have two options we buy and we sell.
Namaste.
Bitcoin Weekly UpdatedHere we have an updated version of the weekly (W) chart for Bitcoin (BTCUSD) since the $10400/$10500 barrier has been taken out.
One important note before we get started.
This week is brand new and we are looking at the weekly chart.
The price for Bitcoin can change and reverse by end of week so we need candle closure for confirmation...
The trading volume is still low... Let's get started.
With that said, this is very likely a real move as we can appreciate a very strong RSI.
A fake move would not happen on such high numbers for the RSI.
Knowing Bitcoin and how it likes to amaze... We are likely to continue seeing additional bullish action.
Gold going up can also be used as a positive signal for Bitcoin.
Bitcoin hit its highest level since August 2019... Great news.
The technicals/signals on the Bitcoin chart are strongly bullish.
The MACD shows plenty of room still left available for growth, same for the RSI.
A bullish Bitcoin is good for the altcoins market even if short-term we see/experience strong corrections when Bitcoin grows.
More volume is needed and will hopefully come this week.
This is the weekly chart for Bitcoin updated.
This is Alan Masters.
Thanks a lot for your support.
Namaste.
Bitcoin Cut Through $10.5K Easy, Where To Next?! + AltcoinsBitcoin managed to break the $10,400/$10,500 barrier easy... Where are prices headed next?
Ok. As soon as Bitcoin (BTCUSD) moved above EMA10/50, we quickly adapted to the market and saw $10,400 as the final target...
This level rejected Bitcoin's growth in the past... See it below:
July 21 | Bitcoin Goes Bullish... Where To Next? $9800 or $10,400?
Now that Bitcoin is above this level, which we considered being very important, where are prices headed next?
With high volume on yesterday's candle, a very strong RSI, and a bullish MACD, we can see BTCUSD easily aiming higher going to $13,000 or even $14,000 next.
If prices move back down and close below $10,400/$10,500...
We still remain bullish above the Moving Average lines on the chart.
We remain strongly bullish with any action that happens as long as prices stay above EMA50.
Yesterday's move is great for the entire cryptocurrency markets and signals big positive for the end of the year, Q4.
We will also track the monthly closure as the bearish view I shared recently will be fully invalidated if we close above $10,500 this month (just a few days away).
Altcoins Market
Don't worry about the altcoins let them correct... We saw huge growth.
It is normal to see a correction after such strong growth.
After the correction is over, the altcoins market will also continue to grow.
Remember we move in cycles, up and down, up and down, down and up... Enjoy the profits as they come.
Make sure to diversify and hit LIKE to show your support.
Namaste.
Bullish Bitcoin (No More Bearish Signals...)Finally we get to look at some bullish signals for Bitcoin... Hit LIKE and start reading...
We will first look at the daily and then short-term on the 4H and 1H timeframes... Let's get started.
----
Bitcoin (BTCUSD) recently moved above EMA10 and EMA50, which lead me to quickly adapt and share an article mentioning this as a bullish signal and new potential for growth... (shared in the related articles)
I received a lot of flack for this but the charts are always changing and if you trade or read charts, this is something that you should know.
As the chart changes, we also change with the charts.
Now, we have prices growing and we see prices trading above all EMAs.
We also have a volume breakout... The trading volume is still relatively low but higher than in the past few days.
The above-average volume is always a good and strong indicator.
The MACD is moving above the zero line and starting to look strong.
The RSI is sitting at 59.7 and support this move as a real one.
Thanks a lot for reading... We go for the short-term chart next.
Make sure to leave a comment.
Namaste.
Bitcoin Monthly Going To $8570 ($6134 Or Lower Is Possible)Hello my fellow cryptocurrency trader, wishing you a great Sunday today and also a wonderful upcoming New Moon.
We've been looking at Bitcoin (BTCUSD) over and over short-term... Which can blur the long-term picture as to what is coming for this cryptocurrency, the King... next.
Hit LIKE now and let's get straight to the conclusion...
Bitcoin (BTCUSD) is very likely to hit ~$8500 on the monthly timeframe.
Prices will be testing in the least EMA10... But there is room for much lower...
Let's get started.
Bitcoin Monthly (Chart Signals & Analysis by Alan Masters)
June 2020 closed with a bearish candle for BTCUSD (M).
At the same time, we have a lower high compared to Feb. 2020.
If you look at the blue dotted and dashed lines, we also have downtrend lines working as resistance.
Trading volume is really low... On this set up a bearish signal.
The MACD is moving below the signal line and also printing lower highs.
The list above is all bearish signals coming from this chart.
The RSI looks solid and strong so it isn't a bearish factor in this analysis.
If we do my classic EMAs analysis, there is more...
After BTCUSD crashed in March to test below EMA50, reaching a low of $4,000, what followed was a lower high in June compared to February...
This is telling me that the next drop will go lower than EMA50...
What does this mean?
Bitcoin (BTCUSD) monthly can go below $6134 on the next strong move, based on this 100% original signal/EMA analysis.
Ok... There are many bearish signals coming from this chart.
We also have some technicals that are bullish, for example, prices staying above EMA10 we consider it to be bullish...
Conditions for change
What needs to happen for these bearish signals to be erased and the bulls to feel good and move back ahead?
Prices for Bitcoin (BTCUSD) would have to move and close above $10,550 for this crypto to enter the bullish zone.
If we continue to see prices trading below $10,550/$10,400... The longer it stays below, the higher the chances for Bitcoin to drop...
First aiming for $8,500 followed by $6,134.
This is my first monthly analysis for Bitcoin in a long while... Hit LIKE if you enjoyed this post and would like to show your support.
Namaste.
Bitcoin (Fake breakout) Resumes DropWhat we saw recently for Bitcoin (XBTUSD) was a fake breakout. Prices moved above support just to quickly fall back down.
Our previous view/analysis remains valid.
Prices are now trading below MA200 and also below the purple trendline.
Additional information:
Thanks a lot for your continued support.
Namaste.
Ethereum (ETH) Strong Bearish Signal, Incoming Drop!Ethereum (ETHUSD) is looking bearish now and a strong signal has been printed... Hit LIKE and let's get started!
Take a look at the highlighted candled (yellow) on the chart... This red/bearish candle is also high volume and signals that ETHUSD can easily move lower now.
We also have another bearish candle developing now with prices moving below EMA10.
When a pair moves below EMA10, we switch our potential from bullish to bearish.
Bitcoin (BTCUSD) and Ethereum (ETHUSD) tend to move together.
We've been bearish on Bitcoin since prices peaked and haven't been able to break the $10,500 resistance.
Now, ETHUSD is also looking like a drop.
The indicators are also turning bearish.
Conditions for change
If prices move and close above the last high (marked with a bold magenta dashed line), this whole bearish setup is invalidated and a new analysis is needed.
Click below to see a long-term chart for...
Thanks a lot for your continued support.
Namaste.
Bitcoin | RED MONDAY (Support & Resistance)We are of the same view here with Bitcoin (XBTUSD) printing a lower high and now closing below EMA10... Prices can drop lower.
The immediate support is sitting at $9333 or EMA50, this is the next level to look at if Bitcoin moves lower.
Followed by $9174 or MA200.
Additional support levels are marked with blue dashed lines.
The immediate resistance is now at $9750 or the last high.
"Strong resistance" is found right above it in the $10,000 - $10,500 price range.
We go bullish above this level (10/10.5k), bearish below.
We are looking bearish on Bitcoin right now.
Namaste.
MultiVAC Huge Jump Ahead! by RequestAbout MultiVAC
MultiVAC describes itself as a 'next-generation public blockchain that aims to achieve high-throughput, Dapp flexibility, and infinite scalability'.
MultiVAC aims to develop a fast and efficient blockchain, where sharding is used for computation and transmission and storage. The project aims to maximize throughput while maintaining decentralization and without sacrificing security. MultiVAC aims to pioneer flexibility for DApps to support large-scale decentralized commercial applications for diverse business requirements.
Source: CoinMarketCap.com
Website: mtv.ac/
-------------
MultiVAC (MTVBTC) is showing massive volume today and a challenge of the EMA50/Magenta line... The daily candle is about to close, at these levels, this can lead to a strong impulse move.
This is not financial advice.
Remember to always have a plan/strategy before you decide to trade for your own benefit.
THANKS... I am super grateful.
Namaste.
Holo Analysis by RequestHolo (HOTBTC) just moved out of a low volume All-Time Low...
This can be the first signal on an upcoming change of trend.
We are looking at the 2D (2 days) chart here, the signals are stronger than the classic daily (D) chart we normally use.
Prices can easily start to move up, especially when you take into consideration the strong bullish sentiment that is building up within the altcoin markets.
Namaste.
What Will Do Bitcoin On Monday?Bitcoin (BTCUSD) peaked at $10,074 on the 7-May and prices are now trading near the $9000-$9300 price range.
Bitcoin is no longer trading near resistance, now it is going towards support.
I saw some signals out of the charts and technicals that are really strong and pointing to a drop.
Mondays can be bloody for Bitcoin so please be cautious.
The potential targets for this drop start at the $8600-$8500 levels which can quickly move lower on strong volume.
Looking at the low volume this weekend prompts me to prepare some more.
Remember that there can be the fake/sudden move to the contrary side to shake a few positions up, but once that is over Bitcoin can start to drop.
Conditions for change
For BTCUSD to go bullish in our view on this setup, prices need to move and close first above the EMA10/Green line ($9330.68).
As long as Bitcoin remains trading below this level, we stay open to seeing prices drop anytime.
Namaste.
Theta Token Possibilities Of A New HighWe are already active with Theta Token (THETABTC), I shared multiple charts and trades here for you throughout the months...
Now, we've entered the bullish phase, how much farther up can it go?
Honestly, I don't know...
But I can do some maths, some thinking and come up with some potential targets based on my experience with past history and past results.
The March 2019 peak sits at 0.00005229... It is possible to go beyond.
On the chart above I've marked the most important resistance levels and support.
Namaste.
Theta Token (THETABTC) FULL TRADE
Bitcoin Going To... 100% Original EMAs Analysis |$10800 or $8000This is 100% original content/analysis... Please hit LIKE to support this post.
So, what is going to happen next with Bitcoin (XBTUSD)?
Now I share analysis of the EMAs that I learned through experience... Here is the sequence:
1) XBTUSD (Bitcoin) breaks below EMA50 on the 9-May, by the 13-May XBTUSD is back above EMA50.
In this case, EMA200 was hit (brown line) on a long-wick drop, so we can say this level was tested or that this level worked as support.
2) Prices move back above EMA50 but result in a 'lower high'. This peak was hit on 17-May at $9979, this is a lower high compared to the peak hit 7-May at $10085.5 before prices dropped below EMA50 for the first time.
3) Prices just broke below EMA50 once more after the lower high... This sequence tells me that Bitcoin will go down and test at the least EMA200 again on the next drop, but since this level was already tested it can easily go lower and test the EMA300/MA200 price range.
Based on this analysis, we are looking at $8420.5/$8558.5 next... Of course, the chart can always change.
Below we have the Bitcoin Sideways scenario...
Would you like to see the full updated XBTUSD trade with leverage?
Make sure to hit LIKE... We will share it at 222...
Thanks a lot for your support.
Namaste.
Bullish Vs Bearish Bitcoin (Mixed Signals or Mixed Feelings?)What is happening with Bitcoin (BTCUSD) now?
(Please hit LIKE to support this trade idea)
Looking at all the charts here on Trading View, we can easily say that we are having some really mixed feelings... Will prices go up or down?
What about the chart signals, what are they saying?
We have mixed signals because of how we read charts.
Some signals are stronger than others and this is important to keep in mind... Let's make a quick example.
We consider trading above EMA10 to be bullish, but it isn't the same to see prices move above EMA10 after a bounce off support while trending up vs a resistance level being hit and prices staying above EMA10 while trending down.
In both examples, we have prices above EMA10 but one can be considered bullish (bouncing off support) while the other one can be considered bearish (rejection at resistance).
Now, here we have Bitcoin (BTCUSD) moving higher until it finally faced resistance, this resistance is marked on this chart with a red line.
The trading volume is above-average but generally low, not what you would expect in a bull market.
Finally, the most important signal, BTCUSD is still trading within a "Lower High" compared to previous price peaks... Ever since June 2019, lower highs continue to persist.
We remain very cautious with Bitcoin unless a new high is hit.
We Go Bullish If...
The trendline above has been a major resistance/rejection point for Bitcoin's growth but another important level is the $10,000/$10,500 price range.
If Bitcoin (BTCUSD) can break above this level, we switch to full bullish right away.
If Bitcoin stays below... Feel free to join our SHORT below:
Remember to hit LIKE to show your support.
Namaste.
Bitcoin Weekly (It All Comes Down To This)Tomorrow the weekly candle closes for Bitcoin (BTCUSD)... It all depends on this.
Notice the orange dotted and full trendlines on the chart above, then notice the current active candle...
A strong close this week above orange line can send Bitcoin flying up... But a weak close below the orange dotted line can send Bitcoin lower looking for support.
Closing at current prices can send out some mixed signals... A new article will be shared tomorrow after the weekly close.
Below you can take a quick look at Bitcoin (XBTUSD) short-term... Tell me, what's your take?
This is Alan Masters...
Thanks a lot for your continued support.
Namaste.
Bitcoin 8X Lev. Trade W/ Over 290% Potential ProfitsHere we are SHORT now with XBTUSD (Bitcoin) and we are going on 8X... Let's have a quick description of the above setup.
1) First, we have the higher low which we mentioned in previous articles.
2) Prices are now trading below EMA10 and we have decreasing trading volume, going lower and lower.
3) A recent rejection of prices while they tried to move and close above EMA10.
4) We are seeing long wicks pointing down.
These signals are telling us of a possible drop.
We also have the moving average lines moving below XBTUSD, prices tend to gravitate towards these lines.
We are active on this setup with 8X lev.
The total potential profits sit at 290%.
If you would like to see the full trade details (buy-in, targets, stop-loss, Liq. price, + additional information), make sure to hit LIKE. We will share the full trade at 200 likes.
Thanks a lot for your continued support.
Feel free to leave a comment if you have any questions.
This is not financial advice. Always build a plan if you decide to trade.
Namaste.
Bitcoin Aiming Lower, Next Move MappedHere I've mapped the Bitcoin (XBTUSD) chart for you.
First, notice the trendlines...
We have a lower high.
EMA10 being challenged as support.
Indicators trending down.
Bounce completed.
This setup can easily lead to lower prices.
Make sure to have a plan if you decide to trade.
This is not financial advice.
Namaste.