Bitcoin Aims At $8,888, How Long Before The Drop?Bitcoin's retrace still hasn't taken its full form, it is a process still in the making (developing...).
After what appeared to be a bullish signal when prices moved and closed above EMA10, a rejection quickly followed yesterday and now prices are back below this level.
EMA10 is now sitting at $9761.8.
We continue to see lower highs being printed and really low volume.
If volume remains low, you can expect the "drop" or retrace to be slow and not so strong... But if volume starts to come in, we will see a big drop towards EMA100/MA200, sitting in the $8821.8 to $8900 price range.
Unless prices for BTCUSD move back above EMA10, we remain bearish, open for change, and expecting for the altcoins (smaller ones) to continue to gain.
Thanks a lot for reading.
This is not financial advice.
Previous analysis | S&P 500 Index Incoming Drop | Heading For 3258
21-Feb. | Bitcoin Continues Lower, $8950 Next? Support & Resistance Mapped
16-Feb. | Bitcoin Weekly | EMA10 Likely To Be Tested At $9000-$9150
16-Feb. | Bitcoin Aims At $9740 Followed by $9250 (Bearish Signs)
Namaste.
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Gold (XAUUSD) Continues Super Bullish | $2,222 Next?
Alanmasters
Bitcoin (XBTUSD) Bullish, Short-Term | Support & Resistance MapHere we have XBTUSD ( Bitcoin ) short-term (1H timeframe).
Right now we are seeing volume slowly rising with prices moving above EMA100 (blue line).
The next barrier is sitting at $9841 (MA200) followed by $9980 and $10185 (fib.).
If prices move lower, we are looking first at EMA50 at $9691 as support followed by $9500... We are looking bullish right now.
Namaste.
Bitcoin Retraces? Altcoins Market UpdateWe now have Bitcoin (BTCUSD) fully retracing with a full bearish candle close below EMA10, signaling that prices can easily continue lower... But, what happens to the altcoins?
In our view, we have mainly three markets when it comes to Altcoins vs Bitcoin.
First (1), we have Bitcoin vs the Dollar (BTCUSD).
Second (2), we have the Top10 Altcoins (ETH, XRP, BCH, BSV, LTC, USDT, EOS, BNB, TRX).
Third (3), we have the Altcoins, which comprise all the altcoins minus Bitcoin and the TOP10.
When I mention/write "Altcoins" here, I am always referring to #3
...
The Altcoins Will Continue To Grow
This is my view at the moment.
Regardless of what happens with Bitcoin or nuclear war, the altcoins will continue to grow... And even though it might sound a bit harsh, if you take a closer look at it, it is already happening, you confirm it by checking out the results.
Feel free to hit LIKE to show your support.
Namaste.
Bitcoin Weekly | EMA10 Likely To Be Tested At $9000-$9150BTCUSD (Bitcoin) weekly just closed last week on a bearish candle, sending out a reversal signal.
On BitFinex prices peaked at $10,491 after breaking above EMA10 and EMA50. Now that momentum is being lost and a bearish candle has been printed on low volume, these same levels that worked as resistance will now be tested as support.
On the weekly timeframe, Bitcoin (BTCUSD) is now aiming at $9090 or EMA10 first.
If EMA10 is broken with good strength and volume, EMA50 at $8261 will follow... Here you can look at it closer on the 4H timeframe: Bitcoin Aims At $9740 Followed by $9250 (Bearish Signs)
Conditions for change
If BTCUSD moves back up and closes above $10,500, the above signals become invalid and a new analysis is needed.
This is not financial advice.
Namaste.
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.
Bitcoin Aiming Lower | $10,000 Will Break | Where To Next?Here we have the BTCUSD (Bitcoin) chart, where some bearish signals are starting to develop.
First, Bitcoin (BTCUSD) started to move up breaking resistance after resistance until it reached $10,517.20.
After hitting ~$10,500, multiple bearish signals started to develop.
We have a high volume bearish candle printed 13-Feb., signaling that a drop is coming.
Now prices are testing EMA10 ($10031) while the indicators are trending down.
The RSI and MACD are both curving down.
Since Bitcoin started to move up, it only retraced as far back as EMA10... On this drop, we are very likely to test EMA50, at the least... Based on past history, these levels are always tested as support once they have been conquered.
Have anything to say?
Do you think Bitcoin will start to drop?
Do you think it will go higher?
Do you agree with this analysis?
Share with us in the comments section below...
Your time, energy and support are always highly appreciated.
Namaste.
Bitcoin Starts To Retrace | How Low Can It Go?Bitcoin (BTCUSD) is starting to retrace based on the 4H timeframe chart... Let's take a look...
But wait, before we go there, here is our full Bitcoin (XBTUSD) SHORT trade:
Now, for Bitcoin (BTCUSD), prices are now moving below EMA10, which would switch our potential from bullish to bearish if the current candle closes below this level. EMA10 is sitting right now at $9722.4.
We have bearish divergence with the MACD and RSI.
And we also have trading volume going lower while the MACD is showing a bearish cross.
So we have multiple signals pointing to a drop.
Do you agree with this analysis?
Make sure to hit LIKE before leaving a comment!
Thanks a lot for reading.
Namaste.
Bitcoin Goes Bullish, The Signal Is In! $10,000+ in Jan. 2020?Bitcoin (BTCUSD) managed to break and close above MA200 for the first time since Oct. 2019... Giving us a very strong bullish signal... Where to next?
Bitcoin hit a low on the 18-Dec. '19 and after we only see prices moving higher and higher, producing what we call slow-steady growth.
The major trendline that started with the 29-Jun. '19 peak has also been conquered.
MA200 has been conquered and prices are easily trading above all major EMAs we use for charting (EMA10/50/100/200/300).
Trading volume is still generally low but going in favor of the bulls.
The MACD is showing bearish divergence but this isn't present with the RSI. We have many more bullish signals than bearish but we have to keep this in mind, as the charts are always changing and markets can easily turn.
The next immediate resistance is sitting at $9623, if this level can be conquered we can expect for Bitcoin to move higher and reach $10,500+.
The next immediate support is sitting at $9242 followed by the $8900 - $9100 price range.
If the above support is broken, the main and strongest support will be sitting around $8,000, this is a very strong level and should be watched closely if prices move lower.
With all that said, a decisive and strong move is still in the making and about to come... Bitcoin continues holding, continues growing and now looking better and strong.
The altcoins market continues to produce great gains... January 2020 was really a good start.
This is only the beginning... Below you can find some recent results:
ZCoin Continues | We Are At 100%+ With Huge Potential Left
PERLBTC (+90%)
POTBTC (+68%)
ICXBTC (+40%)
ADAH20 (+279%)
Thanks a lot for reading and for your continued support.
Namaste.
Bitcoin Moves Lower, Aiming At $8,000 On The DailyIt is no secret that Bitcoin is dropping now... Many altcoins continue to grow...
Bitcoin ( BTCUSD ) just broke below EMA10 and is aiming at $8000 - $8100 next.
This price range coincides with EMA100 (purple) and EMA50 (yellow)... This looks like just the beginning of the drop.
The MACD is looking bearish as well as the RSI.
We were expecting this drop as we got a clear signal on the 19-Jan.
The next target is red.
Namaste.
Previous analysis | Bitcoin Can Easily Drop From Current Prices | $8320 Followed by
Previous analysis | Bitcoin Prints A Bearish Signal, Time To Drop?
Bitcoin, Altcoins Market & Halving Prediction | Next In Q1 2020?We are seeing some really good bullish action from Bitcoin and many are wondering what will happen next!
The altcoins have been growing in the tune of 100-200%, and many growing 300-500% and even more... As these many altcoins pairs and project correct/retrace, money flows out and moves to Bitcoin as Bitcoin grows.
The Bitcoin Halving event is expected to take place in May 2020. Now, even though the halving is always viewed as a bullish event, what happens before it is a strong drop/crash in prices.
So we are seeing Bitcoin prices move up now so they can have one final strong bearish leg before/during halving, in order to produce strong long-term sustained growth afterward.
When the current bull rally ends and a peak is reached for Bitcoin, the retrace/correction follows and that's when the turn for the altcoins will come.
If it takes Bitcoin 3 months to complete the final bearish wave, just as an example, you can expect 3 months of astonishingly strong altcoins bullish action.
This is just a general market prediction and not a technical analysis nor a signal to take action. For any buy/sell decision, remember to do your own research and always have a plan before you decide to trade.
This is Alan Masters...
Thanks a lot for your support.
Namaste.
-- Previous analysis --
We've Seen This Pattern Before! Bitcoin Can Hit $9,000+ Next
Bitcoin's First 2020 Very Strong Signal, Bullish Engulfing (Q1$)
Bitcoin Breaks Another Barrier (Signals) | $7700 - $7990 Next!
We've Seen This Pattern Before! Bitcoin Can Hit $9,000+ NextWe've seen this pattern before... Bitcoin had a strong drop after EMA50 had a bearish cross with EMA300, then the BTCUSD chart produced the "3 Heads Pattern" which can lead to a very strong increase in prices... Let's take a closer look.
On the left side of the chart, we can see the sequence completed.
To our right, only the final jump chasing MA200 is left.
When we saw this pattern back in June/July 2018, Bitcoin prices went from a low of $5755 to a high of $8506, a 48% jump.
Right now the low was set at $6477 and if the same sequence is completed as it happened before, Bitcoin can easily move to $8,800 or all the way to $9,284...
What's your take?
Do you believe this is what will happen next?
Share your thoughts and charts with us in the comments section below.
Thanks a lot for reading.
Happy 2020. :)
Namaste.
Bitcoin's First 2020 Very Strong Signal, Bullish Engulfing (Q1$)The Bitcoin Bulls are now taking the lead... A very nasty drop yesterday, today turns into a fake breakdown that can lead to a very strong bullish signal called "Bullish Engulfing, this signal is confirmed after the daily candle closes above $7175.
Here is the daily chart for Bitcoin with the signal highlighted:
We also have a bullish flag and EMA10 being challenged.
This action looks really good and can signal that the bulls will take the lead, but, just as a nasty drop turned into a bullish signal, this candlestick can change by the end of the day.
If prices for BTCUSD close above EMA10, we will hit $7400-$7500 easily, followed by $7970.
But if instead BTCUSD closes below $7175, prices can continue to range within the flag (black trendlines).
My view
Fake breakouts and breakdowns are more common with low liquidity (low trading volume), our view for Bitcoin after the 18-Dec. move is up. We are likely to see Bitcoin move higher.
Where do you think Bitcoin is headed in Q1 2020?
Share your thoughts and charts with us in the comments section below.
Thanks a lot for reading.
This is Alan Masters.
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 Falling Wedge + Bullish Hammer (Weekly Time-frame)Bitcoin (BTCUSD) had a bullish close on the weekly timeframe.
Last week's candles closed as a "Hammer", which is a bullish candlestick.
"The Hammer candlestick formation is viewed as a bullish reversal candlestick pattern that mainly occurs at the bottom of downtrends.
"The Hammer formation is created when the open, high, and close are roughly the same price. Also, there is a long lower wick, twice the length as the real body."
We also have a positive count starting on the TD Sequential indicator as well as the Falling Wedge pattern.
Prices for Bitcoin are still trading below EMA10 and EMA50, which is bearish, this is the next barrier to break on this timeframe.
If Bitcoin can break EMA10/50, it can easily move higher and reach $10,000+.
If Bitcoin can't conquer EMA10/50 and moves to close below $7300, we can easily see lower prices and even the last low tested.
If prices start to crash hard, the main support will be sitting at $5050 or MA200.
We are aiming higher short-term.
Volume is needed for confirmation of the current move.
Please allow time for the charts to develop.
Previous analysis: Bitcoin Starts To Gain Momentum | $8,000+ Or $10,000 Next?
Is Bitcoin Ready To Resume Its Growth? EMA100 Conquered
Thanks a lot for reading.
Namaste.
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 Starts To Gain Momentum | $8,000+ Or $10,000 Next?Bitcoin (BTCUSD) printed a massively bullish candle on the 18th of December, you can see it marked with a blue circle on this chart.
This candlestick printed high volume and managed to break above multiple resistance levels.
Many people are saying that Bitcoin will now go lower, and this is surely possible, but they are ignoring this signal.
Right now, on this timeframe, 12H, we are seeing a break of EMA50 (yellow) and EMA10 (green) already conquered, which is strongly bullish. (EMA50 needs candle closure for confirmation).
This move is just developing (taking form), if the candle close is strong, Bitcoin will continue going higher.
Here you can find additional information on a shorter timeframe (4H) | Bitcoin (XBTUSD):
Thanks a lot for reading.
Namaste.
Bitcoin At A Decisive Point | $10,000 or $5,000 Next?Wishing you a great weekend ahead... Bitcoin (BTCUSD) is looking ready to continue growing.
Please allow me a minute to share this update with you... Thanks a lot for your continued support.
Bitcoin (4H) Chart Analysis
EMA10 was broken (blue circle), switching Bitcoin's potential from bearish to bullish.
After this resistance was broken with good strength and volume, it was tested as support.
If BTCUSD can remain above EMA10, it can easily continue higher.
We are bullish on Bitcoin, you want to see the next target and support levels, here you can see our previous analysis with additional information:
Will Bitcoin go to $10,000 before the end of the year/month?
Let us know in the comments section below.
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.
Altcoins Market Update | Bitcoin To $10K In Dec. Pt.5 + MultipleBitcoin trading volume has come to a halt basically after the low on the 25th of November was set.
SUPPORT
Now, BTCUSD is trading around support. If this support range holds, $6900 - $7100, then we are very likely to see the next move develop to the upside, but what happens if the support breaks?
There is strong support around $6700 - $6850, so if the $6900-$7100 level breaks we will visit the above range before testing lower.
TARGET
On a move to the upside, EMA10 at $7240 is the first and main target. If this level can be conquered EMA50 follows at $7850.
SIDEWAYS
There is also the possibility of a long sideways consolidation period before any additional growth, see it here:
Altcoins Market Update
The Altcoins vs Bitcoin (ALTSBTC) pairs continue to grow.
Many pairs are now in full bullish mode with huge potential in the weeks and months ahead.
The altcoins and Altcoins market will continue growing.
When I say altcoins I am referring to all the altcoins minus the Top10, these are on a different category for me as they move differently than the rest of the market.
You can leave a comment if you any questions about any altcoin pair, I will be happy to take a look.
Most of the time when a strong wave comes, it happens by surprise and 'out of nowhere' for many... It is wise to plan, prepare and buy-in BEFORE the jump.
For this you need patience, buy and hold, and once the action starts, your patience will pay off... We set our sell orders before-hand.
What happens if we miss an opportunity?
Absolutely nothing to worry about.
If one opportunity goes, another one will come.
Just notice how every single day the 'biggest gainer' or 'top earner' is a different one.
So take your time to set your strategy, another opportunity is coming up... Thanks a lot for reading.
Make sure to hit LIKE to show your support.
This is Alan Masters, wishing you the best above all.
Namaste.
Bitcoin To Continue Growing + Altcoins | $10,000+ In Dec. Pt.4I am of the belief that Bitcoin would start to grow when the altcoins start to retrace strong...
The altcoins market is having massive bullish action and growth for the past few months and now we are seeing some altcoins correcting having a strong retrace... The majority continue to grow, the market remains bullish while Bitcoin is now ready to continue growing again.
We are seeing a very strong bullish candlestick taking form now which is challenging, and very likely closing above, EMA10.
EMA10 is sitting at $7469.91. Closing above this level on the daily timeframe is a strong bullish signal.
We have volume coming in, mid-week, and the indicators starting to turn.
This is just a friendly reminder to let you know that Bitcoin... Is Ready To Continue With Its Growth!
Namaste.
Perfect for Bankex (BKXBTC) | Easy 125%+ within days
BANDBTC
Thanks a lot for your continued support.
This is not financial advice.
Bitcoin Breaks Another Resistance Level, Continues Moving HigherBitcoin (BTCUSD) is now challenging and breaking above another resistance level without much consolidation or effort... It is simply growing slowly and easily...
I shared multiple charts for Bitcoin regarding this move, as well as a full active leveraged trade which will be shared below.
The charts remain bullish.
Bitcoin looks strong.
We expect additional bullish action in the days, weeks and months to come.
Full trade | FULL XBTUSD Trade (XBTUSD | LONG | 8X | 116%) @alanmasters
Previous chart | Bitcoin To $10k P.t 3 | iHead & Shoulders (Support & Resistance)
Thanks a lot for reading.
Namaste.
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.