What we saw recently for Bitcoin (XBTUSD) was a fake breakout. Prices moved above support just to quickly fall back down.
Our previous view/analysis remains valid.
Prices are now trading below MA200 and also below the purple trendline.
Thanks a lot for your...
Ethereum (ETHUSD) is looking bearish now and a strong signal has been printed... Hit LIKE and let's get started!
Take a look at the highlighted candled (yellow) on the chart... This red/bearish candle is also high volume and signals that ETHUSD can easily move lower now.
We also have another bearish candle developing now with prices moving below EMA10.
We recently got to see Altcoins really holding well no matter what if BTC is pumping or dumping. Also many have started to pop already! 200-400% gains!
After so long time finally, a Bearish Cross happening on MACD Monthly Bitcoin Dominance chart!
Is everyone prepared for an Altcoin Season?
I hope most of you have bought their favorite gems and ready to moon!!
Bullish setup on hourly/daily and weekly timeframe.
Triangle pattern breakout on weekly timeframe may make it move 30% from this level.
One can have stop loss of 15% and take profit of 30%, RR - 1:2.
If 0.12000 levels are broken, it can see 0.20000 levels.
We are of the same view here with Bitcoin (XBTUSD) printing a lower high and now closing below EMA10... Prices can drop lower.
The immediate support is sitting at $9333 or EMA50, this is the next level to look at if Bitcoin moves lower.
Followed by $9174 or MA200.
Additional support levels are marked with blue dashed lines.
The immediate resistance is now at...
Ether has given breakout from triangle pattern.
Successful breakout can take it to $250-$260 levels and if it fails one can have stop loss around $220.
Risk-Reward - 1 : 2/3
If it gives weekly breakout above 280 levels, next leg of bull run may be seen in ETH.
Watch out this counter for some quick gains.
MultiVAC describes itself as a 'next-generation public blockchain that aims to achieve high-throughput, Dapp flexibility, and infinite scalability'.
MultiVAC aims to develop a fast and efficient blockchain, where sharding is used for computation and transmission and storage. The project aims to maximize throughput while maintaining...
Holo (HOTBTC) just moved out of a low volume All-Time Low...
This can be the first signal on an upcoming change of trend.
We are looking at the 2D (2 days) chart here, the signals are stronger than the classic daily (D) chart we normally use.
Prices can easily start to move up, especially when you take into consideration the strong bullish sentiment that is...
Bitcoin (BTCUSD) peaked at $10,074 on the 7-May and prices are now trading near the $9000-$9300 price range.
Bitcoin is no longer trading near resistance, now it is going towards support.
I saw some signals out of the charts and technicals that are really strong and pointing to a drop.
Mondays can be bloody for Bitcoin so please be cautious.
We are already active with Theta Token (THETABTC), I shared multiple charts and trades here for you throughout the months...
Now, we've entered the bullish phase, how much farther up can it go?
Honestly, I don't know...
But I can do some maths, some thinking and come up with some potential targets based on my experience with past history and past results.
This is 100% original content/analysis... Please hit LIKE to support this post.
So, what is going to happen next with Bitcoin (XBTUSD)?
Now I share analysis of the EMAs that I learned through experience... Here is the sequence:
1) XBTUSD (Bitcoin) breaks below EMA50 on the 9-May, by the 13-May XBTUSD is back above EMA50.
In this case, EMA200 was hit (brown...
What is happening with Bitcoin (BTCUSD) now?
(Please hit LIKE to support this trade idea)
Looking at all the charts here on Trading View, we can easily say that we are having some really mixed feelings... Will prices go up or down?
What about the chart signals, what are they saying?
We have mixed signals because of how we read charts.
Some signals are stronger...
Tomorrow the weekly candle closes for Bitcoin (BTCUSD)... It all depends on this.
Notice the orange dotted and full trendlines on the chart above, then notice the current active candle...
A strong close this week above orange line can send Bitcoin flying up... But a weak close below the orange dotted line can send Bitcoin lower looking for...
Here we are SHORT now with XBTUSD (Bitcoin) and we are going on 8X... Let's have a quick description of the above setup.
1) First, we have the higher low which we mentioned in previous articles.
2) Prices are now trading below EMA10 and we have decreasing trading volume, going lower and lower.
3) A recent rejection of prices while they tried to move and close...
Here I've mapped the Bitcoin (XBTUSD) chart for you.
First, notice the trendlines...
We have a lower high.
EMA10 being challenged as support.
Indicators trending down.
This setup can easily lead to lower prices.
Make sure to have a plan if you decide to trade.
This is not financial advice.
Remember the bounce I mentioned in my last article?
"As soon as this bounce is done... You can expect Bitcoin to drop some more."
Right now we have a lower-high (bounce) on the daily timeframe which supports the bearish view.
We have the trading volume going lower and the indicators starting to turn.
Prices are still trading above EMA10, but the lower high and...
We can see Bitcoin (BTCUSD) breaking below EMA50 for the first time since April but the volume is much higher now than back then... Bear volume/RED.
We can also notice a bearish cross of EMA10 and EMA50, signaling more low.
After EMA200 was tested (brown line), a bounce is normal and expected.
As soon as this bounce is done... You can expect Bitcoin to drop some...
Bitcoin (BTCUSD) woke up bullish Wednesday and prices are starting to move up, this opens us up for a few questions like...
But, what happens next with Bitcoin?
We continue expecting a drop or we will now go bullish?
Where is my stop-loss?
1) We are still looking at a lower high based on the candles wick but we have a higher high based on candle close......