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...
Here 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.
We 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,...
BTCUSD (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,...
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...
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. ...
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...
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...
It 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...
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...
We'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...
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...
Alan Masters is wishing you an amazing year in this 2020. Wishing you lots of wealth, health, and success. Wishing the best for you and loved ones, now and always. Thanks a lot for your continued support. Namaste.
We 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...
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....
Here 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...
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...
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...