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Bitcoin vs Cardano, Ethereum, Solana, SPX, NDX & DJI + Altcoins I've been looking at the major US indexes (SPX, DJI & NDX), as well as some of the TOP Altcoins within the cryptocurrency market (Ethereum, Cardano, Solana, Polkador), they are all bearish right now on the major/weekly timeframe. This week we saw mentions in the "news" about Bitcoin and the S&P 500 Index detaching... Sounds fishy. Maybe detach over the weekend so we get a surprise dump on Monday... We have a strong downtrend with Bitcoin since November 10 and we were expecting a bounce and the bounce took place. Bitcoin set the low at $32,950 and bounced to $45,850, that's 39%, really strong. This same level where we are seeing a rejection now matches EMA50 and EMA10 (around $44/$45,000). The weekly candle hasn't close though, it closes in 6 hours from now but the bears are getting the upper hand on this chart. There is some potential to see the Altcoins growing, the smaller ones, while Bitcoin and the major ones correct but, there is always an initial strong reaction if the big ones drop where everything drops... We just wait, it recovers in a few days. Stay calm. Keep a calm mind. As spring comes (March) everything moves ahead (UP/GREEN!). Thank you for reading. Hit LIKE to show your support. Namaste.
BITSTAMP:BTCUSDShort
by AlanSantana
Bitcoin Weekly vs Altcoins, Potential Scenarios, Bottom, New ATHToday is Saturday and we approach the weekly candle close, we can look at multiple scenarios with the highest potential for Bitcoin in the coming days based on what we have today. Let's get started. (Read until the end and reply in the comments section with your potential scenarios or future predictions for Bitcoin and the Altcoins market) Bitcoin Weekly vs Altcoins & More We have the current candle (-1), and we have 3 candles before this one squared in light blue. The (-2) candle from 24-Jan. gives us a hammer. The hammer is a bullish candlestick and here it comes up right at the bottom of a trend, which is perfect because that's when the hammer is most effective. The next candle (+1) we have a full green candle which confirms the signal given by the hammer; a reversal signal and later with this candle Bitcoin grows. The current candle is good but the week is yet to close. If this weekly candle closes above EMA10 ($44,210), we are looking really good and we can say probability favors that Bitcoin will go straight up. But, if instead this candle closes below EMA10, there can be a drop that can take us to the next low or just a lower high for the bounce to fully show up. We have many bullish Altcoins and if Bitcoin goes strong bearish they cannot grow. Maybe we are going to be seeing Bitcoin going straight up or sideways, if it drops but ends at a higher low before growing this would support the Altcoins in their bullish move. Once Bitcoin reaches the high for the bounce, then everything drops and we get the last low... With this new development in place, from the bottom, we can have some long-term growth... We have several scenarios to consider but let me leave you with this one... Once spring comes, everything goes up. It is the season. Market cycles... Only after we have a confirmed bottom, I will tell you about the next bullish run. You are BIG! YOU DESERVE THE BEST! You are precious. You are LIFE itself. Value yourself... Love yourself... Choose to win. And have some fun. Namaste.
BITSTAMP:BTCUSD
by AlanSantana
Bitcoin Cup & Handle Pattern + Name Your Altcoins (TOP 3!)Beautiful weekend my beloved cryptocurrency trader, that is what I seeing these days... We have the classic Cup & Handle pattern in the Bitcoin chart (BTCUSD 4H) which is considered bullish and comes up after a correction/near support. With this pattern in place and many Altcoins preparing to go up... We can expect Bitcoin to also jump if we stay above MA200 (now at $40,270). You can find additional details on the chart. Visit the "Related ideas" below for many Altcoins that are showing great potential. Name Your TOP 3 Altcoins Feel free to leave a comment & hit LIKE, now with your TOP 3/favorite altcoin pairs for me to look at in the coming days. Thanks for your continued support. Namaste.
BITSTAMP:BTCUSDLong
by AlanSantana
1
Trading Signal For VELOUSDTTrading Signal: There is a Trading Signal to Buy in VELOUSDT VELO Traders can open their Buy Trades NOW Rank : ⭐️⭐️ ⬆️Buy now or Buy on 0.0718 ⭕️SL: close below 0.050 🔵TP1 @ 0.1133 🔵TP2 @ 0.1885 🔵TP3 @ 0.2800 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands If you liked our ideas, please support us with your likes 👍 and comments .
Long
by pullbacksignal
Bitcoin Weekly EW Complex Correction & Volume AnalysisHere we have a very basic/beginners wave count. We have the impulsive (1,2,3,4,5) and corrective (A, B, C) waves mapped since January 2015. Based on EW guidelines, the 3rd wave of an impulse has the highest volume. Corrective waves tend to have low/decreasing volume. Knowing this, we can easily figure out that we are in a corrective wave after Wave 5 ended of the last impulse. This is a complex correction, where Wave B makes a new high compared to Wave 5 but wave C of the corrective move ends in a lower low compared to Wave A. Here we are just looking at the volume, there are many more signals of course. The market needs a flush-out before it turns. Namaste.
BITSTAMP:BTCUSD
by AlanSantana
1
Bitcoin Levels To Watch For (4H TimeFrame) + 2 ScenariosAfter moving away from the 1H timeframe chart, we have the 4H for BTCUSD. Here we can get a better picture at our "local resistance", in this case we can see it clearly as EMA100 or the blue line on the chart. Every since the 24-Jan. we have higher lows on this chart. The "EMA100 RESISTANCE" is being challenged over and over. The more a resistance level is challenged the weaker it becomes. We have many attempts at EMA100 so this resistance should be becoming weaker. Here is how it will go. Scenario 1) Bitcoin can break above this level if the bulls keep pushing. Scenario 2) On another rejection, we can see a test of support and then another try at resistance. We have some mixed signals/feelings here with this ascending triangle but at the same time strong resistance... Patience is key. Leave us a comment, share, follow & like to show your support. Namaste.
BITSTAMP:BTCUSD
by AlanSantana
1
Bitcoin Local Resistance Update (1H Timeframe) + AltcoinsThe "local resistance" we spotted for Bitcoin yesterday on the 1H timeframe remains valid. We have a bearish bias short-term as long as this resistance remains in place. If Bitcoin goes sideways/consolidates... As long as Bitcoin goes sideways the Altcoins can have some time to recover. When Bitcoin drops there is always an initial reaction from the Altcoins (Altcoins vs Bitcoin) where they also drop but they later recover faster even than Bitcoin does. You can find the support levels and additional details on the chart. Note: Please keep in mind that this is a short-term analysis. The charts are always changing and we need to be prepared for all scenarios before we decide to trade. You can support my work by just leaving a comment or hitting FOLLOW. Thanks a lot for your amazing and continued support. Namaste.
BITSTAMP:BTCUSD
by AlanSantana
Bitcoin Monthly Closes Tomorrow, What To Look For!Tomorrow we have the monthly candle close for Bitcoin... What should we be looking for? We have many clues to look at but we will focus only on 3 in this article. Bitcoin Monthly Signals 1) This is the first month that Bitcoin will close below EMA10 ($44,455) since March 2020. 2) We have bearish indicators. The indicators, MACD and RSI, are both on the bullish side but trending lower. The MACD is trending lower strong with a bearish cross also in place and the RSI is in a strong decline as well. 3) BTCUSD Monthly remains above EMA21. This is actually a positive signal since EMA21 is working as support. Closing above it this month signals that the bulls are still fighting. BONUS SIGNALS *) This month closing below $36,500 or EMA21 can lead to a 3 crows pattern, which is a bearish signal. When this pattern comes up we first see an initial bounce and then a strong drop. Candle closure is needed for confirmation. *) Double top bottom between April and November 2021. We know what to look for once the monthly candle closes... One last question before we leave... Do you think Bitcoin will complete its correction at -72%? Thanks a lot for your continued support. Namaste.
BITSTAMP:BTCUSD
by AlanSantana
3
Bitcoin Daily | The Same BarrierWe just looked at Bitcoin short-term, BTCUSD 1H, and we are seeing some resistance around the 26-Jan. high... What does the daily chart has to say? Bitcoin Daily | The Same Barrier Holds We have Bitcoin trading within a steep declining channel. We are all waiting for a bottom to be drawn, for a reversal to take place but so far not much has happened. We can see a strong reversal candle 24-Jan. but we have low volume and a very weak RSI. The candle 26-Jan. also negates the candle from the 24th. Yesterday Bitcoin managed to close above EMA10 ($38,037) but today this level is still working as a barrier, only after this level is conquered we can see prices move up. Today we are looking at both scenarios on the main chart above, bearish and bullish but don't be surprised if prices drop. We have a long-term bullish trend but on the short and medium term, the bears are in full control. Namaste.
BITSTAMP:BTCUSD
by AlanSantana
Bitcoin Local Resistance +How To TradeBitcoin (BTCUSD) has reached local resistance, we can see this thanks to the candlestick charts. Notice back in Jan. 26, we have a strong rejection at "Local resistance". Yesterday afternoon, BTCUSD hit the same level, marked in yellow here, just to be rejected again on two long upper wicks. We also have a lower high recently compared to 26-Jan. If BTCUSD can break above local resistance on the 1H timeframe, we can expect higher prices (green arrows). Staying below resistance can signal that lower prices are possible (red arrow). How To Trade? This is a very easy setup. One can short this setup with a close above the local resistance as the stop-loss and the last low as target. This is not financial advice. Remember to build your own plan and do your own research before trading. Thanks for reading. Namaste.
BITSTAMP:BTCUSDShort
by AlanSantana
Bitcoin Bounces To $44,444? Trading Above EMA50We are starting to look good on the 4H timeframe for Bitcoin as prices start to recovery. We looked yesterday at a potential bounce short-term on the 1H timeframe , as this moves develops, we can see the bulls starting to re-enter the arena. We have the strong "V Bottom" pattern with unusual volume. Just recently prices closed above the EMA50 magenta line. Trading above EMA50 is strongly bullish. We are aiming at $44,444 now that $38,000 is being secured. Note: If prices move and close below EMA50, the bullish bias loses strength. If prices move and close below EMA10, this analysis is fully invalidated. Feel free to leave a comment if you have any questions. Namaste.
BITSTAMP:BTCUSDLong
by AlanSantana
Bitcoin | The Monthly Chart Gives It Away!Here we have the monthly chart for Bitcoin, we will see why some additional correction is yet to take place. We are going to start with our classic EMA analysis, and it goes like this... We have a peak in April 2021. This monthly candle closed as a Doji, signaling indecision and the correction that took place next. The correction after April's peak price in 2021 found support at EMA10. The bounce from EMA10 didn't lead to a new high, technically. We have a new high in November 2021 vs April, $69,000 vs $64829, but this is technically the same high. Since the bounce off EMA10 as support did not result in a new high, the next support level to be tested on a drop is EMA50 or the next major EMA. EMA50 is sitting at $23,750. This is it for the EMAs. The trading volume is super, super low. This is never a good signal at this point. Lowering volume can presage a drop. The MACD has already crossed bearish, with the histogram going red and plenty of room to drop: On the RSI, we now have the classic multiple years long bearish divergence starting in 2017: Notice lower highs short and long-term. The RSI has also gone below the rising trendline support. Since it is still above 50, there is plenty of room/space available for additional drop. We will share an updated trade idea once the monthly candle closes. Brace yourself. Be patient. Plan ahead. Buy & hold. Many new opportunities will be developing in the days and weeks to come. Namaste.
BITFINEX:BTCUSDShort
by AlanSantana
2
Bitcoin Downward PressureNot only Bitcoin (BTCUSD) but also the S&P 500 Index (SPX), Nasdaq (NDX) and the Dow Jones Industrial Averages (DJI)... All major markets are experiencing strong downward pressure. Bitcoin has been doing a classic ABC correction after a bullish wave. We can first appreciate EMA100 being tested as support for multiple weeks in these corrections; When we go back to Jun.-Aug. 2018, Dec. 2019-Jan. 2020 and finally recently around July 2021 prices for BTCUSD remained just above EMA100 after Aprils peak. The B wave we get a bounce and the C wave ends up at MA200 which is sitting at $19415. The C wave normally marks the low point. Now, the EMA100 ($35,512) has failed but the week is still young. Closing weekly below $35,500 can signal that Bitcoin is going straight down to test the next support. All the markets are feeling downward pressure. It can be happen that this correction will push us to hit real bottom... But all is good... Once you hit bottom, the only place left to go is up. Bitcoin support levels We have support at $28,500 - $30,000. Followed by ~$20,000. This might go straight down and clean out all the weak hands in one huge wick. Please share your trade ideas, thoughts, comments and hit LIKE to show your support. Namaste.
BITSTAMP:BTCUSDShort
by AlanSantana
Bitcoin Weekly Goes Below $20,000 Support ... How & Why?Here we have the long-term chart for Bitcoin where the last two lows can be appreciated. After the 2017 peak price for Bitcoin at $19,666, we had a 52 weeks correction that ended just above MA200/EMA300 or $3122. Then again we had another peak price in June 2019 at $13,880. This peak was followed by a 37 weeks correction that ended just above MA200/EMA300, the low was set on a wick at $3850. The next peak price happened April and Nov. 2021... We are now in a new correction for 40+ weeks and EMA100 is being challenged as support. If the EMA100 blue line breaks at $35,540, then we can go lower and hit the same MA200/EMA300 support as used to happen before. This level is now set at $20,000, that's the main support if Bitcoin continues to drop. Note: Remember, Bitcoin can go to $30,000, $20,000, or $10,000... To us, it makes no difference at all. It is all about patience and time. Bitcoin will stay at its low maybe for a few hours... Maybe for a few days. Maximum for a week or so... After the low is in, what follows is long-term/sustained growth. See March 2020... After the correction is over, many new opportunities will show up. Be patient. Prepare yourself. The market moves in waves... Up and down, up and down... We are going down now... Next comes up. Namaste.
BITSTAMP:BTCUSDLong
by AlanSantana
1
Bitcoin Daily Challenges EMA10 | Bulls Back Ahead! (w/ Targets) It seems like forever since we last had a bullish wave for Bitcoin, we've been seeing red since Nov. 2021. Now, things are starting to change! Today, we can see prices moving above EMA10 daily on a bullish note for the first time since September 2021. We use EMA10 as the main indicator to gauge a pairs bearish/bullish potential in the short-term. If prices trading above the EMA10 green line, we say that the bulls are on top. If prices are trading below the EMA10 green line, we say that the bears have the upper hand. We have a Doji on the 10-Jan. signaling that a reversal is likely to show up. We have a higher low yesterday and today we start the day strong. Daily candle closure is needed for confirmation; Only when the daily candle closes we know if the session ends up bullish or bearish... We are aiming up! We are being conservative but first we go high 40Ks and then 50K+. What's your bullish target? Thank you for sharing. We will be looking at the Altcoins next week or maybe before. Leave a comment if you want to see Altcoins charts. Namaste.
BITSTAMP:BTCUSDLong
by AlanSantana
1
Bitcoin's Short-Term Update | Path to 44K MappedLooking at the 1H timeframe for the BTCUSD pair, we have multiple bullish signals developing; the path is clear to $44K. Let's get started! First, we have a volume breakout. Volume is a very important signal used for confirming a move. Rising volume as prices challenge resistance is always good. The MACD is on the bullish zone and ready to grow. The RSI is at 61.36 while trending higher. We have mainly two paths here, the green and red arrows. Whichever one plays out, we are looking to go up. When Bitcoin drops it drops fast, lately, we have seen consolidation taking place with a bias of pushing up. What's your take? Where do you see Bitcoin going next? Thanks a lot for your continued support. Namaste.
BITSTAMP:BTCUSDLong
by AlanSantana
Bitcoin Consolidation Leaning Towards The Bulls - 3 Pattern SignWe know we are at a crossroad and everybody is wondering what the conclusion will be; Bear (red) or Bull (green). Since the beginning of this year, I am of the view that Bitcoin will break upward giving us a small relief rally or "price bounce" as I call it. This would push prices up before any additional bear action takes place. Now, let's look at 3 bullish signals on the 4H timeframe: 1) V Bottom Pattern: This pattern forms at lows or support levels before a reversal. 2) Falling Wedge Pattern : This is the pattern we looked at yesterday, today we have a bullish breakout confirmation. 3) We have a strong bullish candle currently that pushed the RSI above 50 with prices closing above EMA10 and EMA21 . These are just three... We will look at it closer on the 1H timeframe next. Thank you for reading. Namaste.
BITSTAMP:BTCUSDLong
by AlanSantana
Bitcoin Looking Better, Falling Wedge Pattern + AltcoinsBitcoin is looking better and better, patience is key. We are looking at the 4H timeframe and we have a beautiful falling wedge pattern. We can see the current candle moving above the upper trendline of this pattern. (Confirmation only comes after candle closure one hour from now). There is potential to move higher. You can visit yesterday's trade ideas below for additional information. Altcoins Market Update I've been looking at some Altcoins, mainly ALTSBTC, and we have mixed charts, the opportunities need to be fished out. We have many Altcoins retracing short-term but still trading within higher lows and getting ready to turn. I would say it can take just a few days to a maximum of 2 weeks before we start seeing very decisive bullish action. Get ready! Be prepared! Thanks a lot for your support. Namaste.
BITSTAMP:BTCUSDLong
by AlanSantana
2