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 got...
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...
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...
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:...
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....
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 strength and...
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...
Bitcoin 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...
I 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...
Bitcoin (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...
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...
Bitcoin (BTCUSD) is following perfectly my chart from the 21-Nov., where we spotted the potential for a bounce at $6500 and saw Bitcoin going to $10000+ next month.
You can see it here:
Now, Bitcoin is printing the classic Inverse Head & Shoulders pattern,...
Bitcoin (BTCUSD) starts to bounce and we have good volume coming in. Our last trade idea mentions a $10,000+ Bitcoin in December 2019...
You can take a look at it here | Bitcoin Going To $10K December | Will It Go Lower First?
BTCUSD Early Bullish Chart...
Bitcoin is very likely to move to $10,000+ in December 2019, but before we go there, can it go lower now?
Bitcoin (BTCUSD) printed a full bearish candle to break below $8,000, reaching a low at $7394. Now, this candle is still active today so the next move really depends on the daily candle close since we are looking at this timeframe.
We are likely to see...
In a bullish market/bull cycle, altcoins go down while Bitcoin goes up.
Let me show you something that you are most likely very familiar with... The chorus goes like this:
When Bitcoin moves up strong, the altcoins tends to crash.
When Bitcoin moves down, the altcoins tends to crash.
When Bitcoin goes sideways, the altcoins tends to crash.
Lately, we've...
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