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Alansantana

Can Bitcoin Recover Now? End Of Year Rally Early Signals!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 Bitcoin peaked 10-Nov. 2021 at $69,000. It crashed by a massive 39% and this correction has been going for 40 days strong. Bitcoin is the eternal bull. Bitcoin is always bullish... Even if we are to get lower prices; Nothing moves in a straight line, we have to see a bounce and that's exactly what is likely going on. Let's get technical. The first "early signal" is the RSI, it hit its lowest level since May 2021 over 6 months ago. Once Bitcoin hits oversold it normally tends to move up. The RSI hit these levels and has been in accumulation mode, after accumulation a bullish breakout is the norm. If you look at the MACD, still on the bearish side but we are early... See it below: We have the classic bullish cross after a higher low. Last time we had this signal, with the histogram going green, prices moved up. Last but not the least is the EMA50 and EMA100 bearish cross. This is a mid-term bearish signal but when it comes up an imminent bounce can take places as the green arrows show. It is not only the chart... I got this feeling telling me that Bitcoin is going up! Do you agree? Feel free to hit LIKE now and FOLLOW! Thanks a lot for the continued support. Namaste.
BITSTAMP:BTCUSDLong
by AlanSantana
3
Bitcoin Weekly Close Analysis | Is There Any Hope or Crash AheadForget 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 trading above this level on low volume. Staying above support can lead to a pullback but, if EMA50 breaks prepare for another strong, long, fast lower-wick as we saw in early December ( see here ). We have additional signals on this timeframe like the MACD bearish cross and bearish divergence but we already looked at those in a previous article ( see here ). On the daily timeframe, BTCUSD is trading below EMA10 and MA200. This is bad news. Closing below MA200 specifically today would signal that the bears are not done yet short-term. If Bitcoin is to recover it needs to happen fast or else we will see another strong crash in a matter of days... Now you can hit LIKE and FOLLOW. Thanks a lot for your continued support. Namaste.
BITSTAMP:BTCUSD
by AlanSantana
Bitcoin Bearish Intact, Relations To Altcoins & $100,000 Target 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. This is actually necessary for the correction to be a short rather than a long one. If the Altcoins grow as Bitcoin retraces, this signals that money is flowing from Bitcoin to the Altcoins. Once the correction is over, money can flow back from Altcoins to Bitcoin. It would be extremely healthy for the market to see the Altcoins green while Bitcoin corrects and consolidate. We also need a healthy correction to be able to meet or end of year target of $100,000 and beyond. How do you see Bitcoin behaving end of October and the first half of November? When do you see Bitcoin moving to new highs once more? Share in the comments section. Thanks a lot for your support. Namaste.
BITSTAMP:BTCUSDShort
by AlanSantana
1
Bitcoin Entering ABC Correction | Altcoins About To BOOM!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, should be entering a strong bullish wave. Each chart/pair is different/separate, but the big majority can start changing course now nonetheless. Which one is your favorite altcoin? Which pairs do you believe will move strongly next? Share in the comments section. You can check some of my choices in the "related ideas" below. Thank you for reading/sharing. Namaste.
BITSTAMP:BTCUSDShort
by AlanSantana
1
Bitcoin Astrology New All-Time High, Full Moon, Mercury Direct &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 tend to be more active and outgoing, ready to take risks, move ahead, release, maturation. The financial markets are also closely related to the sentiment of the people. How the masses are feeling is also reflected in the markets. By inference, we can say that the financial markets and the moon are connected. A full moon would be a great time to see Bitcoin move to a new All-Time High, especially when the moon is in Aries which is the first sign of the zodiac, the pioneer. Aries has an energy that inspires us to take action, to be brave, take risks and get on with the new. New paths, solutions, options, choices, and opportunities. Based on the above description, we can easily see why Bitcoin chose this day to move ahead... There is more. Bitcoin first peaked in April 2021 also hitting an All-Time High back then. A strong correction took place and at the same time, many planets (wandering stars) started going retrograde. A planet is considered to be in retrograde motion when we see it moving backward in the sky. When planets are retrograde we feel the need to stop, go back, check, revisit before resuming our path to growth. Five planets total were retrograde while Bitcoin was correcting and all these planets are stationing direct this very month. Recently Jupiter and Mercury were stationed direct and we see how Bitcoin is also moving forward now with almost full strength. This is just a glimpse of Bitcoin astrology. This is shared for your learning and entertainment. I am hoping that you enjoyed it. Thanks a lot for reading. Namaste.
BITSTAMP:BTCUSDLong
by AlanSantana
Bitcoin | New Signal + Trading Tip (Learn From Your Mistakes)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 each trade. I put my money in on some altcoins, with a clear target but when I saw the bearish action took the small profits and moved on... The first half of the week. If I had waited, I would be earning a lot more. (Be patient) To me this happens because I detach all the time. Had to detach to take care of my health. Each time I come back, I have to learn everything all over again and there goes the same mistake. No worries though, no problem. From these mistakes we learn. I take the loss and move on and at the same time even feel happy, because I will have the chance to try again and see if the next time I will get it right or wrong. The goal is not to avoid making mistakes or trying to win them all... Some we win, some we lose. We just need to be honest with ourselves, see where the problem is so that it can be corrected on the next try. Since this market is bountiful... You will always get a second chance. Looking like straight up for Bitcoin... YES! Feel free to like, share, follow and/or comment to show your support. Namaste.
BITSTAMP:BTCUSDLong
by AlanSantana
2
Bitcoin Straight Up? It Is Looking Just Like It... Do You Agree?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 hit lower, around $50,000 before we continue up... This is only relevant if the bears come on board. As long as we remain above EMA10, we have bullish potential for the short-term. Watch out for higher prices... Be prepared in case the market conditions change. On this bullish cycle, the weekends have been green while we get red on the first part of the week. Seeing that the weekend is ahead of us... This is another signal that supports a jump for BTC! Like or comment... Which one will you pick? Namaste.
BITSTAMP:BTCUSD
by AlanSantana
Bitcoin Likely To Move Straight Up To $44,440 by WednesdayWe 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 low... The whales, exchanges/miners/billionaires and institutions still have plenty of more power to continue pushing prices up. The volume is still relatively low, signaling that there is room left available for more. Now, (Second), everybody had more than 2 months and multiple times to buy below $31,000/$30,000... We only have wicks below this level but that's about it. If the Bitcoin prices was looking to go lower, then it wouldn't push up the way it is doing it today. We would see low steady growth rather than a full week of green. Now that EMA300 and EMA50 have been conquered there is no reason to move back down since the support has already been tested and it is really strong. With the support out of the way, we look at challenging the resistance levels next. Finally, look at the action from 12 to 19 May and the huge red volume bar on the 19 May. We should look for something similar but inverse. Bullish consolidation (consolidation while prices move higher) followed by a strong, high volume, push upwards... This candle should hit $44,440 or higher at $49,000. This can all happen very quickly in a matter of days... In theory. Namaste.
BITSTAMP:BTCUSDLong
by AlanSantana
Bitcoin Update (Daily Timeframe) + Altcoins & MoreWe 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, giving the bulls/green now the upper hand. We have three consecutive green candles but also very low volume. Low volume can be a tricky signal. It is considered bearish but is not as simple as that. First, we have to take into consideration the fact that we are in summer and volume has been low all across the board. Second, we are entering a weekend. Third, finally, low volume can signal that the action is just getting started... Or, this is just a weak move but we rather believe all the nonsense above just to support our bullish bias. The RSI is now above 50 which is a clear signal that favors the bullish side. The last one is the blue square on the chart. This is our support zone. We've been seeing strong buying in this same area since the initial strong drop in May. The goal is to hit at least $37,000 to set a local higher high... And then hit above $41,000 so that we can continue the positive outlook. All in all... We've been expecting BTC to go higher since July 21 (check the related ideas below). Altcoins Update The Altcoins vs Bitcoin pairs (ALTSBTC), the ones we trade, will continue bullish/higher highs and higher lows... All that is needed is patience with those. When the summer is over, we will get back to massive growth. Hitting like or leaving a comment is a way to show your support. Remember, it doesn't matter what happens, you will always win if you never give up. The only way to lose is by selling when prices are down. If you made a mistake at some point or your trade just didn't go as planned, you can always wait it out or simply take the loss and move on. The market offers endless opportunities... Just as prices go down... They eventually move back up. I love you my dear friend. We've been together for many years now THANKS A LOT FOR YOUR SUPPORT. Namaste.
BITSTAMP:BTCUSDLong
by AlanSantana
What About The Death Cross? Bitcoin Death Cross Signal ExplainedThis 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 instead we look for multiple signals to support our bias. Meaning, one signal alone isn't good enough to call for a jump or drop in prices. With that said, all signals have their meaning/value. Some signals can be weak while others can be strong... Having multiple signals pointing in the same direction can give you a better idea as to what is happening with any pair/asset and what might happen in the days to come (we are looking at the daily timeframe). Back to the Bitcoin Daily (D) Timeframe Death Cross Prices tend to gravitate towards the MA lines. As you see MA50 and MA100 curving down, prices tend to gravitate towards these and move up... The death cross as it shows up here is a "mid to long-term" signal. Meaning that prices can bounce (move up) before going lower... It all depends on where the cross shows up and its strength. The charts are always changing... Let me show you an example of a failed death cross: Here we have the price "bounce" before lower prices... We are likely to see something similar with the recent death cross we are experiencing since it showed up after a new All-Time High. If the cross shows up after hitting support or a new low, then the results might be different... Were you entertained? Thank you for reading. Thanks a lot for your continued support. Namaste.
BITSTAMP:BTCUSD
by AlanSantana
Full Moon Analysis Bitcoin Weekly -Likely Up Then Down Due To...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 before the continuation of the current move. 
(Moving up before retesting support which will define if we actually go lower or keep growing). Fibonacci Levels The 0.618 Fib. retracement level for the current bullish cycle stands at $27160.27... This was my target on a bearish correction. We saw prices go as low as $28,600 and now resistance is being faced at EMA50. Here is the chart: This is a strong level. Prices can go as low as 0.786 fib. on a strong correction but if the bullish cycle is to continue then the 0.618 should be enough... This weekly candle close will provide much needed information but the trading volume (red) is relatively low, potentially signaling higher prices, specially if you consider the first signal just mentioned. EMA50 (Bold magenta line) We are looking at EMA50 here at ~$33750. This is a very important level for Bitcoin on the weekly timeframe. Staying above this level can signal that the bulls have a chance to resume the uptrend. Breaking below it, signals that additional drop is to follow. We still have several days for this week to end. Confirmation comes only when the weekly candle closes. See the same chart with the fibs. Chart Structure / All-Time Highs (ATHs) We have two peaks to look at for the following signal: Dec. 2013 and Dec. 2017. Both these peaks are very different to the current one, Aprils's 2021 All-Time High, the date has also changed. Here is the chart: It all depends on how EMA50 as a support level is handled... We are STRONGLY BULLISH LONG-TERM. Bearish cross of EMA10 and EMA21 A bearish cross between two EMAs can signal upcoming lower prices, but as soon as the cross comes in a bounce tends to take place. Here is the chart: I am going to be looking at the death cross on the daily timeframe in a different article on the requests of many. We will see what it means from my perspective, what it is saying and what we can expect. Bitcoin Weekly Conclusion These signals we just saw are a bit of a mixture of bearish and bullish signals. These are not 100% bearish but neither strongly bullish... We can see anything take place regarding to Bitcoin's price based on technical analysis. I am of the side that believes that Bitcoin has more to offer before a long-term bear market and maybe a new All-Time High Q4 this same year and surely very high in the year 2022 and beyond. What will it be? $100,000, $200,000 or more? New World Order We will have another black swam event... Once it happens, we will have a better idea as to how Bitcoin will respond/perform. Thanks a lot for reading and for your continued/amazing support. This is Alan Santana. Namaste.
BITSTAMP:BTCUSD
by AlanSantana