After testing MA200 as support and holding Bitcoin is starting to recover.
At first it was hard for some to see that a recovery was about to take place, but it is looking much better now.
We have the same signals as before but stronger, these are not "early" signals anymore.
See the previous trade idea below for the data... (Dec. 20)
Can Bitcoin Recover Now?...
It is true that the bears have been shinning and Bitcoin took a timeout from any additional growth.
We've seen red and red...
Aren't you tired?
We want a bullish Bitcoin... Yes or no?
No need to hit LIKE now or FOLLOW... Let's read first and if you enjoy the analysis...
Bitcoin (BTCUSD) Daily Timeframe Chart Analysis | Early Bullish Signals
Forget about hitting like & follow. Let's read!
Bitcoin weekly is still trading above a very important level and that is EMA50 ($44720).
This is a critical support.
Last time EMA50 was tested as support between May and July. The level held and prices moved up.
So far EMA50 weekly was hit only on the 29-Nov. week. This and the previous week prices have been...
Just 5 days ago we looked at the bearish potential for Bitcoin, " Bitcoin Entering ABC Correction | Altcoins About To BOOM! "
This potential remains intact.
We are likely to see lower prices in the days to come.
Just a correction before we resume massive strength and bullish growth.
We believe the Altcoins will do great while this correction is done.
Bitcoin closed a full bearish/red candle yesterday and today its price is moving below EMA10.
After a new peak/high, All-Time High, it is normal for a correction to take place...
So, where are prices ahead?
You can see additional details on the chart.
As Bitcoin corrects, the Altcoins grow
I am looking at mainly ALTSBTC but the altcoins market, in general,...
Bitcoin hits a new All-Time High right on Full Moon day.
What does it mean?
Are these related?
Let's have a look at Bitcoin related to some astrological events.
Bitcoin Astrology with Alan Santana
First, we have a Full Moon in Aries today and it is widely known that the moon is closely related to human behaviour and emotions. When the moon is full, people...
I mentioned this one briefly in a previous article, this pattern isn't new but has been pretty relevant in this bullish cycle.
The first half of the week we go slow and/or red.
The second half of the week things speed up and/or green.
I made a mistake recently which costed me a lot of money.
All my mistakes are really expensive because I put tons of money on...
Greetings my fellow cryptocurrency traders, how are you feeling this Friday?
We have a very strong volume bar 6-Oct. and also an ascending channel for BTCUSD.
After the peak on the six, we have some retrace but the price remains above EMA10. This can lead to straight up right away.
What do you say?
If EMA10 ($53790) fails to hold as support, we are likely to...
We now have 6 consecutive green candles on the daily Bitcoin chart. This isn't something we see often.
At this point, many people are already looking for a retrace but here is my theory as to why I think we can go straight up.
First, it is the same signal I mentioned just two days ago with the volume bars.
We are starting to see volume, finally, but it is still...
We expected prices to increase based on some pretty basic signals looking at the 4h timeframe for BTCUSD... This moved took place ( see it here ).
What happens next with Bitcoin?
Let's have a quick look at the daily timeframe but once more keeping it simple... Simple is best.
Bitcoin daily managed to close 'yesterdays' candle (23-June) above EMA10 and EMA21,...
This is literally the question most often asked in the comments section when I share any bullish article on Bitcoin... But what about the death cross?
A death cross happens when MA50 crosses bearish the MA100 line, here marked as Blue and Red respectively:
The death cross is a bearish signal.
When we do chart analysis, we do not take signals independently but...
Enjoy the Full Moon... Bitcoin
We have multiple signals to look at on the Bitcoin Weekly timeframe.
Let's get started right away...
Bitcoin Drops ~55%
First, we have a 55.93% drop from the All-Time High hit mid-April to the recent low hit yesterday, 22-June.
See here the chart:
This signal alone calls for a "bounce".
A bounce means prices jumping back up...