RED Bitcoin Easily, Money Flow To Altcoins, 2020 Halving?We can see Bitcoin (BTCUSD) breaking below EMA50 for the first time since April but the volume is much higher now than back then... Bear volume/RED.
We can also notice a bearish cross of EMA10 and EMA50, signaling more low.
After EMA200 was tested (brown line), a bounce is normal and expected.
As soon as this bounce is done... You can expect Bitcoin to drop some more.
Altcoins Market Update
As Bitcoin drops money will flow to the Altcoins.
The trading pairs we've been looking at have been printing really strong reversals, strong candles and big growth will follow.
Expect more of this and all the altcoins in general picking up steam, sealing lows, and some hitting new highs as time goes on.
Remember, if one opportunity goes away/is missed, do not worry, do not rush...
When one opportunity is missed, many more will bloom and you will have the chance again and again to make the right call.
Always take your time before buying into any trades...
Always do your research before taking any action or risking any money.
Rushing (FOMO) is intended to collect profits but can result in loss.
Patience, on the other hand, has no intended purpose, other than being on the right mind when you make that decision on how to make your money grow!
Any questions...
Feel free to use the comments section below.
Namaste.
Alanmasters
What's Up Bitcoin? $10.4K or $8.6K? Where Is My Stop-Loss?Bitcoin (BTCUSD) woke up bullish Wednesday and prices are starting to move up, this opens us up for a few questions like...
But, what happens next with Bitcoin?
We continue expecting a drop or we will now go bullish?
Where is my stop-loss?
1) We are still looking at a lower high based on the candles wick but we have a higher high based on candle close... This is a bullish signal when you look at the candle close.
While a higher high is visible on the 4H timeframe, the MACD had a lower high on all fronts, marking bearish divergence and signaling that this wave is almost over.
We rode this wave from ~$6250 all the way to ~$9200, that is why are wary of an upcoming drop, it is normal after strong growth.
We have BTCUSD trading still below the last peak at $9485.
If this level is taken out, we can see Bitcoin jump and hit up to ~$10,400+.
If prices CAN'T move above $9485, we remain open to see prices easily dropping anytime.
2) If prices break below EMA10, we expect a drop to EMA50 or $8675. If EMA50 is tested again we are likely to go lower and hit $8234.
3) We are active with a trade for XBTUSD and this is a short. We are using a manual stop-loss on a daily close above $9500... This is not financial advice.
Thanks a lot for your amazing and continued support.
This is Alan Masters.
Namaste.
Ankr Network Will JumpThe same chart we draw recently is still valid and fully playing out... Ankr Network will jump.
Here we have the chart for ANKRBTC with massive bullishness taking form.
First we have a break of all minor EMAs (EMA10/50/100).
MA200 is being challenged as well.
Trading volume is going up (high volume).
The MACD is showing a bullish cross.
The RSI is really strong.
What follows after these signals on this bullish setup is additional growth.
If prices drop and close below 0.00000017, the above chart analysis becomes invalid and a new one is needed.
Thanks a lot for reading.
Namaste.
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Previous chart
Bitcoin Aims At $8110? Final CallBitcoin (BTCUSD) continues to print lower highs with indicators (RSI and MACD) going bearish.
Now that prices are once more going below EMA10 after a lower high, we are likely to test the next support... Meaning, EMA50 will break, and EMA100 at $8110 will be tested.
If prices bounce, the orange trendline needs to be conquered first before additional up.
This drop has been taking form for days now... This is our final call.
Thanks a lot for your continued support.
Namaste.
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Previous charts:
🅱️ Bitcoin Support Levels (4H Timeframe)
⭐️🅱️ Bitcoin Drop Takes Form (Support Levels + Signals) 1111
🅱️ Bitcoin Peak Prices Since All-Time High @$20000 (Lower Highs)
🅱️ Bitcoin Drop Starts Now?
Bitcoin Support Levels (4H Timeframe)Recently we looked at Bitcoin ( XBTUSD ) short-term on the 1H timeframe, the chart was looking bearish.
Here we have BTCUSD on the 4H timeframe and the bearish bias is gaining a bit of momentum now, still developing.
Prices broke below EMA10 with the next target sitting at $8334 or EMA50.
It is still early on this drop and the trading volume is still low but, this is likely to go below EMA50 or even lower.
We remain open to seeing the markets/charts change at any and all times, that is why we always have a plan/strategy in place BEFORE we decide to trade.
Your support is truly appreciated once more.
This is not financial advice.
Namaste.
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Previous analysis: 🅱️ Bitcoin Drop Takes Form (Support Levels + Signals) | 1111
Bitcoin Drop Takes Form (Support Levels + Signals)I sent out an early signal about Bitcoin (BTCUSD) dropping... I know it is really early for many people but these are the signals coming from the charts.
I am only reading the chart... The chart can always change and is always changing as each candle closes.
At the time of writing, this is what I am getting from the BTCUSD (Short-term) 1H Timeframe chart.
Bitcoin Drop Starts To Take Form
Prices peaked for Bitcoin on the 30th of April.
So far we are looking at a lower high on the 1h timeframe.
The last candle closed below EMA10. This candle also has above-average bear/red volume, signaling that the bears are waking up.
The MACD is showing a bearish cross (MACD crossing down the signal line).
The RSI is trending lower.
EMA50 was tested recently and held as support, prices bounced and printed a higher low. Now that EMA50 is being tested again, this support level isn't likely to hold.
All of the above signals are pointing to a drop.
The dashed lines on the chart with the different fib. levels and BTCUSD prices stand for SUPPORT.
How Can It All Change and Bitcoin Go Bullish Short-Term?
Prices need to move back above EMA10 for BTCUSD and print a new high compared to the 30th of April.
This can signal additional growth... For now, Bitcoin is starting to drop.
You can see more below:
Bitcoin Peak Prices Since All-Time High @$20000 (Lower Highs)
Bitcoin, Watch Out For The Drop (Where To Next?)
Bitcoin Drop Starts Now?
Remember to hit LIKE to show your support.
This is Alan Masters
Thanks a lot for reading.
Namaste.
Bitcoin Peak Prices Since All-Time High @$20000 (Lower Highs)Let's take a look at Bitcoin's ( BTCUSD ) peak prices since ATH in December 2017.
First, we have Bitcoin's All-Time High ( ATH ) sitting at $19891.99.
A higher low hit in June 2019 at $13868.44.
Then we have a recent peak in February 2020 at $10522.51.
On the 30th of April, another peak was hit at $9478.66.
We are looking at lower highs.
We have no higher highs.
Bitcoin is likely to drop.
Note: Another jump can happen and the chart can easily change.
If the major purple trendline is broken then Bitcoin can do more up.
Additional information (more analysis on chart signals and indicators)
Bitcoin, Watch Out For The Drop (Where To Next?)
Bitcoin Drop Starts Now?
Please hit LIKE to show your support.
Namaste.
Higher Bitcoin (How Far Up Can It Go? Beyond 2020 Halving)Few questions are starting to come up now that Bitcoin (BTCUSD) is clearly moving higher...
- How far up can it go?
- Where can we find the important support and resistance levels?
We are looking at Bitcoin (BTCUSD) on the daily (D) timeframe
We have really good trading volume, the bulls are now in full control.
EMA300/MA200 fully conquered today. Now that EMA300/MA200 is being conquered (this signal only confirms after the daily candle closes above $7930) more growth can happen.
We a "V bottom" which is also a higher low compared to Dec. 2019.
We have a very strong RSI sitting at 75.1 while aiming higher.
The MACD is bullish and allows for plenty of additional growth.
Now, will Bitcoin continue higher?
Looking at today's candles, it is possible for Bitcoin to continue higher on a strong close today.
The next strong resistance is sitting in the $8900 - $9100 price range.
This is the next level to break if Bitcoin wants to go higher.
If this price range can be conquered, we can see ~$10,500 next followed by $12,000.
On the other hand, we look for support first at EMA300/MA200 or the $7900 - $8000 price range if BTCUSD prices drop.
Below this level, we have strong support at $7700 now marked by EMA10 and finally $7300 or EMA50.
Bitcoin is now strongly bullish and can continue higher.
Below is our weekly analysis:
Bitcoin Weekly "V Bottom" Moves Above EMA50 (Where To Next?)
Bitcoin Prepares To Jump? $8000 As Resistance Next!
Thanks a lot for your support.
Namaste.
Bitcoin Weekly "V Bottom" Moves Above EMA50 (Where To Next?)Bitcoin (BTCUSD) has been a slow recovery with slow and steady growth which is now turning into a "strong recovery".
We have a "V-shaped" bottom and there was only one barrier left to know if Bitcoin would produce additional up.
This resistance is at $7865 and is now being challenged on the weekly timeframe.
Prices for BTCUSD are safely trading above EMA50 (magenta line) on bullish indicators.
The MACD is showing a young bullish cross while the RSI is now sitting above 50.
All the EMAs were tested and held as support, including MA200.
If prices close weekly above $7865 (EMA50), we can easily see Bitcoin move higher and hit $9000+, which has been our target since March.
Do you believe Bitcoin will continue higher or a drop is imminent?
Share with us in the comments section below.
Namaste.
Bitcoin Prepares To Jump? $8000 As Resistance Next!Bitcoin (BTCUSD) is preparing to jump and will surely find resistance at ~$8,000 or MA200, marked on this chart with a black line.
Prices for Bitcoin managed to conquer EMA50 so additional growth is possible.
We have bullish indicators with low trading volume.
While the trading volume is low, we are seeing green bar after green bar being printed... A strong jump can easily follow.
Thanks a lot for reading.
Remember to hit LIKE to support my work.
Namaste.
Bitcoin Bulls Gain Momentum, Where Is The Next Target?Bitcoin (XBTUSD) continues with a slow but consistent recovery from the strong mid-March drop, prices hit EMA50 ($7302) today.
EMA50 is an important level in the daily timeframe, breaking above it can send Bitcoin higher up.
Right now prices continue to increase but the trading volume is still low, so we need to be cautious as things can turn fast here with Bitcoin.
CHART SIGNALS
The RSI is looking strong above 50.
The MACD is still below zero but going higher.
We remain bullish as long as prices remain above EMA10 ($6518). If prices close below EMA10 daily, we start to look at the bearish scenario. Right now we remain bullish and expect Bitcoin to move higher.
NEXT TARGET
If EMA50 is conquered the next target will be around $7800 to continue quickly to $8500+.
SUPPORT
On a retrace, the blue dashed lines on the chart is where we find our first support.
Bitcoin can easily continue higher here but be cautious until more volume shows up.
The weekly chart is also starting to look pretty interesting, the weekly close Sunday will be really important as a strong close can give us a very strong signal as to where Bitcoin is headed next.
Do you agree with this analysis?
Share with us in the comments below!
Namaste.
It Looks Like Bitcoin Can Jump Anytime Now, What's Your Take?
Bitcoin ( BTCUSD ) has been consolidating while prices remain above EMA10, EMA50, and EMA100, telling us that the bulls have the upper hand.
We can also see the ascending triangle pattern which also leans towards the bulls.
We can also see the ascending triangle pattern which also leans towards the bulls.
A breakout might happen soon... Where do you think prices are headed?
Share with us in the comments section below.
Thanks a lot for your support.
Namaste.
The S&P 500 Starts To Bounce? Support & Resistance MappedThe S&P 500 (SPX) is now starting to bounce.
The sellers are exhausted according to the indicators and we are seeing a strong jump taking place today.
We have more details on the chart above.
We believe that prices can bounce before producing one final strong drop, but it all depends on how these support and resistance levels are handled, we remain open to all scenarios.
If prices move up and stay above the "resistance zone", the bulls take control, but if they move lower, the "support zone" can be tested.
If prices for the SPX manages to go below the "support zone", then we can expect more red and lower targets as shown in my previous long-term weekly analysis.
If support holds, we can expect prices to move back up.
You can find my previous weekly analysis here: www.tradingview.com
Thanks a lot for reading...
Remember to hit LIKE to show your support.
Namaste.
Bitcoin Dropping (Short-Term)Bitcoin Dropping (Short-Term)
Bitcoin (XBTUSD) recently closed below EMA10 and now also EMA50 has been broken as support... With this break, prices can easily move lower and hit $5660.
If $5660 breaks (red arrow), then prices can go even lower and hit $5250/$5300 short-term, depending on how this level is handled we can look for the next move, at that time we can share a new analysis if you are interested.
Conditions for change
If momentum shifts and prices go up and close above EMA50 or $6040 on this timeframe, we can consider the retrace over and that prices will resume the uptrend (green arrow)... Thanks a lot for your support.
Namaste.
Bitcoin Weekly Update (MA200 Breaks / Bearish, Low $3ks Next?)We waited for the weekly candle to close for BTCUSD (Bitcoin) to see if prices would either close above or below MA200 at $5524... MA200 failed to hold and now EMA300 ($4740) is being challenged... What happens next?
The trading volume is really strong on the drop, it is the highest since November 2018 and there is surely additional room for a drop.
If prices fail to move back above EMA300 ($4740) followed by MA200 ($5525) weekly, Bitcoin will surely continue to move lower.
Next target Bitcoin (BTCUSD)
1) The first target IF EMA300 breaks (move and close below this level weekly) will be $3850 marked by the low hit last week.
2) The next support that follows is sitting at $3326, we believe this to be where BTCUSD can print a higher low.
3) If $3326 fails, the Dec. '18 low at $3122 becomes active, below this level we only expect a long-wick that can last maximum a few days before prices reverse and start moving back up.
This hole process can last in between 6-9 weeks, or in some cases, the bleeding can take a bit longer. (The whole cycle will change within 2.5 months)
It will be hard for beginners to accept the truth.
It is hard already for those that are susceptible to fear to see that this is just another normal life cycle and that everything will be new or back to normal once all is said and done.
Watch out for the smaller altcoins, they will produce major gains in the weeks to come... And just when you really start to think that everything will really be over, that's when the positive news will start to flow... Or have you forgotten already, Bitcoin was the best investment just a few weeks ago.
When the bears take the upper hand, everybody thinks it is the end of the world.
Yes... There is a pandemic going on, but so far it only killed 6,513 people, that's less than the common cold...
So please crypto Relax... It is not the end of the world.
Namaste.
Bitcoin Drops To $3K Before $32K? New EMAs + Daily RSI AnalyzedGood Saturday my fellow cryptocurrency trader, how are we feeling today?
We are waiting for the weekly candle closure for the next Bitcoin (BTCUSD) weekly (W) update. While we wait, let's take a look at the daily (D) timeframe, here I marked the different important resistance and support levels on the chart, we are also going to be using longer period EMAs... Let's get started!
We start by taking a close look at the Relative Strength Index indicator or RSI .
This indicator is looking pretty interesting to me...
RSI BTCUSD (D) | Higher Low (HL)
The RSI recently hit its lowest since November 2018, and yesterday's low ended up in a higher low compared to this date.
The next thing to notice is the hidden bullish divergence with the RSI.
Prices for BTCUSD in Dec. 2018 closed lower compared to the present time ($3122 low compared to a $3850 low), yet, the RSI closed higher. This is what we call hidden bullish divergence, prices closing higher (higher low) while the RSI is closing lower (lower low).
RSI BTCUSD (D) | Lower Low (LL)
BTCUSD Hidden Bullish Divergence
Exponential Moving Average or EMA
When Bitcoin (BTCUSD) dropped prices bounced exactly at $3850 which is just above EMA2500.
We can see huge buying/green volume on the 13 March and prices moved and closed above EMA2000 and MA1500. As it is the first time EMA2500 is tested as support, a bounce follows before this level is tested again.
If the bounce ends up in a higher high compared to the last peak, then prices will retrace and produce a higher low before resuming higher.
But if after the bounce we end up with a lower high compared to the last peak, we will see BTCUSD hit a new low, meaning, going lower than $3850.
We are still waiting for the weekly candle closure to do a new analysis but early signals here are telling us that prices for BTCUSD can bounce but another strong drop is possible before the 2020 halving... Regardless of what happens or how deep prices go, we expect a long-wick just like yesterday and AFTER the halving 2020, sustained long-term growth.
Thanks a lot for your continued support.
Namaste.
Bitcoin Hits My $5.5K Target Perfect, What Happens Next?We've been warning for many, many months about the upcoming Bitcoin drop.
Our target always has been around $5,500+ before the 2020 Bitcoin Halving, followed by sustained long-term growth.
Just as we expected, Bitcoin (BTCUSD) dropped and is now looking for support.
THE GOOD NEWS
Just as we saw the BTCUSD hitting $5,555, after the halving we will see prices increase, hit new highs and then grow some more...
Can't Say You Weren't Warned... Bitcoin Going To $5,000?
Bitcoin Monthly | Before ($5K) & After Halving ($31K) 2020
Patience is key.
Stay relaxed and calm.
Bitcoin dropping before the halving is normal, just wait and see what happens after Q2 2020...
BTCUSD will hit a new ATH but before it will grow long and steadily for months.
Where do you think Bitcoin is headed?
Is this the end or only the preparation for the next bull run?
Share with us in the comment section... THANKS A LOT FOR YOUR SUPPORT!
Namaste.
Ripple vs Bitcoin | It's Been A While (Can Go Up?)It's been a while since my last analysis on the XRPBTC (Ripple vs Bitcoin) chart... This is one of our favorites.
XRPBTC printed a higher low on low volume... This retrace is coming to an end.
Many other altcoins pairs have a similar chart, a strong retrace that produced a higher low, and ended up in a strong bullish breakout, this can happen for Ripple as well.
The chart is looking neutral right now but the tendency is up.
If the orange trendline is broken, XRPBTC can go lower and hit support.
If prices stay above this trendline, we can expect the next move to be a nice JUMP!
Remember to hit LIKE to show your support.
I will be doing a 10X Lev. trade for Ripple once more... Hoping for great profits for us.
Namaste.
Please support my BTCUSD and ETHUSD analysis as well, every bit counts 😊
Thanks again... Feel free to leave a comment anytime with your thoughts and questions, I am so happy to help.
✴️ Bitcoin Conquers EMA10, Aims At $9,500/$9,900 Next!
Ethereum Hits Support, Going To $260 or $285+?
Bitcoin Rising? Potential Bounce In-Play (10X Lev. Trade Inside)Bitcoin's (BTCUSD) retrace gained momentum last week but hit a stop yesterday when the 0.5 Fib. retracement support was hit... This level is clearly marked on the chart.
Here we have Bitcoin retracing on low-volume with prices now bouncing after reaching support.
BTCUSD moved and closed below EMA200, MA200, and EMA100 just to quickly move back above these levels.
If the daily candle closes above $8626 we have a positive signal, earning momentum for the bulls.
We are active here with 10X lev... You can find the full trade details below:
Where do you think Bitcoin is headed?
Do you think that prices will bounce here and resume the uptrend, or fakeout and continue to drop?
Share with us in the comments section below!
Namaste.
Bitcoin Rising? Potential Bounce In-Play (10X Lev. Trade Inside)Bitcoin's (BTCUSD) retrace gained momentum last week but hit a stop yesterday when the 0.5 Fib. retracement support was hit... This level is clearly marked on the chart.
Here we have Bitcoin retracing on low-volume with prices now bouncing after reaching support.
BTCUSD moved and closed below EMA200, MA200, and EMA100 just to quickly move back above these levels.
If the daily candle closes above $8626 we have a positive signal, earning momentum for the bulls.
We are active here with 10X lev... You can find the full trade details below:
Where do you think Bitcoin is headed?
Do you think that prices will bounce here and resume the uptrend, or fakeout and continue to drop?
Share with us in the comments section below!
Namaste.
Bitcoin Higher Low, Bounce In-Play | Next Target MappedBitcoin (XBTUSD) just produced a higher-low compared to late January and is starting to show early signals of a bounce... Let's take a look.
1) Marked with light blue we can see the higher low (HL).
2) Prices are now trading above EMA10.
3) The RSI is above 50.
4) Prices are starting to move higher...
We only need some additional volume to confirm this move.
We are active with a LONG trade for XBTUSD on BitMEX for over 130% potential profits...
Feel free to hit LIKE if you want to see the FULL TRADE details (buy-in, targets, stop-loss, capital allocation, and additional details).
We will share it at 150 LIKES.
If enough people hit LIKE we will know there is enough interest and share the full trade.
Thanks a lot for your continued support.
This is not financial advice.
Namaste.
Bitcoin Retraces But What About The Altcoins?We know many of you are really interested in the smaller altcoins...
The altcoins market continues to grow stronger and in bullish potential, here is what will happen next.
Now, before we get started, it is always necessary to make this small but very important distinction when we talk about Altcoins.
Conventional analysts here talk about Bitcoin and Altcoins.
When they say Altcoins they are mainly referring to the big ones, the TOP10: ETH, ADA, LTC, TRX, BCH, EOS, XRP, USDT, BNB, and XLM...
(Not necessary the TOP10 but those with the biggest market cap.)
When we/I/us mention Altcoins, we are always exclusively talking about ALL ALTCOINS minus the TOP10.
When it comes to market capitalization and the bullishness of the market, we have to separate these bigger altcoins from the smaller ones for two reasons:
1) These bigger altcoins move together with Bitcoin (Bitcoin is now dropping strong, these as well).
Normally, we tend to see altcoins detach (move inverse) to Bitcoin in a bullish cycle... Right now, you can see the Binance and Bittrex altcoins growing, as well as those on other exchanges.
2) They do not behave as the smaller alts.
So we can see the altcoins chart (TOTAL2) full bearish and going lower while "the Altcoins Market continues to Grow" .
Even with that said, they are still producing higher highs and higher lows, meaning that the entire market is now in full bullish mode.
What Happens To The Altcoins?
As I've said many times before, this is only the beginning.
Feel free to buy up on your favorite pairs.
Feel free to take your time to research, make your choice, buy and hold.
The cryptocurrency markets are very likely to grow for years to come.
This is Alan Masters...
Thanks a lot for your support.
Namaste.
Can't Say You Weren't Warned... Bitcoin Going To $5,000?The cryptocurrency market is filled with amazing people, extremely smart and open-minded but also ultra-bullish, and it is surely un-popular to post/write/share that Bitcoin will drop.
Being an eternal Bitcoin Bull, I've learned this through experience over time and if you post lots of "bearish/short" analysis for Bitcoin, the public stops reading what you wrote and dislikes your analysis even if it is useful/valid.
Like it or not, we trade for profits and do not become attached to any specific results, so when we saw the signals came out, we quickly rushed and posted that Bitcoin would drop... See it here | Bitcoin Aims At $8,888, How Long Before The Drop?
XBTUSD (+122% of profits)
Bitcoin Aiming Lower | $10,000 Will Break | Where To Next?
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Now, how much lower you think Bitcoin will go?
Share in the comments section below...
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Thanks a lot for reading.
Namaste.
🏆 ETHUSD (8X Lev. +258% profits)