Bitcoin Goes Bullish, The Signal Is In! $10,000+ in Jan. 2020?Bitcoin (BTCUSD) managed to break and close above MA200 for the first time since Oct. 2019... Giving us a very strong bullish signal... Where to next?
Bitcoin hit a low on the 18-Dec. '19 and after we only see prices moving higher and higher, producing what we call slow-steady growth.
The major trendline that started with the 29-Jun. '19 peak has also been conquered.
MA200 has been conquered and prices are easily trading above all major EMAs we use for charting (EMA10/50/100/200/300).
Trading volume is still generally low but going in favor of the bulls.
The MACD is showing bearish divergence but this isn't present with the RSI. We have many more bullish signals than bearish but we have to keep this in mind, as the charts are always changing and markets can easily turn.
The next immediate resistance is sitting at $9623, if this level can be conquered we can expect for Bitcoin to move higher and reach $10,500+.
The next immediate support is sitting at $9242 followed by the $8900 - $9100 price range.
If the above support is broken, the main and strongest support will be sitting around $8,000, this is a very strong level and should be watched closely if prices move lower.
With all that said, a decisive and strong move is still in the making and about to come... Bitcoin continues holding, continues growing and now looking better and strong.
The altcoins market continues to produce great gains... January 2020 was really a good start.
This is only the beginning... Below you can find some recent results:
ZCoin Continues | We Are At 100%+ With Huge Potential Left
PERLBTC (+90%)
POTBTC (+68%)
ICXBTC (+40%)
ADAH20 (+279%)
Thanks a lot for reading and for your continued support.
Namaste.
Altcoins
Bitcoin Moves Lower, Aiming At $8,000 On The DailyIt 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 a clear signal on the 19-Jan.
The next target is red.
Namaste.
Previous analysis | Bitcoin Can Easily Drop From Current Prices | $8320 Followed by
Previous analysis | Bitcoin Prints A Bearish Signal, Time To Drop?
Bitcoin, Altcoins Market & Halving Prediction | Next In Q1 2020?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 place in May 2020. Now, even though the halving is always viewed as a bullish event, what happens before it is a strong drop/crash in prices.
So we are seeing Bitcoin prices move up now so they can have one final strong bearish leg before/during halving, in order to produce strong long-term sustained growth afterward.
When the current bull rally ends and a peak is reached for Bitcoin, the retrace/correction follows and that's when the turn for the altcoins will come.
If it takes Bitcoin 3 months to complete the final bearish wave, just as an example, you can expect 3 months of astonishingly strong altcoins bullish action.
This is just a general market prediction and not a technical analysis nor a signal to take action. For any buy/sell decision, remember to do your own research and always have a plan before you decide to trade.
This is Alan Masters...
Thanks a lot for your support.
Namaste.
-- Previous analysis --
We've Seen This Pattern Before! Bitcoin Can Hit $9,000+ Next
Bitcoin's First 2020 Very Strong Signal, Bullish Engulfing (Q1$)
Bitcoin Breaks Another Barrier (Signals) | $7700 - $7990 Next!
We've Seen This Pattern Before! Bitcoin Can Hit $9,000+ NextWe'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 left.
When we saw this pattern back in June/July 2018, Bitcoin prices went from a low of $5755 to a high of $8506, a 48% jump.
Right now the low was set at $6477 and if the same sequence is completed as it happened before, Bitcoin can easily move to $8,800 or all the way to $9,284...
What's your take?
Do you believe this is what will happen next?
Share your thoughts and charts with us in the comments section below.
Thanks a lot for reading.
Happy 2020. :)
Namaste.
Bitcoin's First 2020 Very Strong Signal, Bullish Engulfing (Q1$)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 have a bullish flag and EMA10 being challenged.
This action looks really good and can signal that the bulls will take the lead, but, just as a nasty drop turned into a bullish signal, this candlestick can change by the end of the day.
If prices for BTCUSD close above EMA10, we will hit $7400-$7500 easily, followed by $7970.
But if instead BTCUSD closes below $7175, prices can continue to range within the flag (black trendlines).
My view
Fake breakouts and breakdowns are more common with low liquidity (low trading volume), our view for Bitcoin after the 18-Dec. move is up. We are likely to see Bitcoin move higher.
Where do you think Bitcoin is headed in Q1 2020?
Share your thoughts and charts with us in the comments section below.
Thanks a lot for reading.
This is Alan Masters.
Namaste.
Where To Next BTC? | MA200 Conquered, Volume Starting To Show UPWe 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:
Now, this level has been conquered and even though we still have low volume, it is starting to grow.
We can easily notice that Bitcoin is trading above EMA10 (bullish) as well as MA200. The MACD is also bullish.
The bulls have the upper hand as long as we remain trading above these levels. If XBTUSD moves below these two, then we switch our short-term view from bullish to bearish... Right now we stay with the bulls.
Namaste.
Bitcoin Falling Wedge + Bullish Hammer (Weekly Time-frame)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. Also, there is a long lower wick, twice the length as the real body."
We also have a positive count starting on the TD Sequential indicator as well as the Falling Wedge pattern.
Prices for Bitcoin are still trading below EMA10 and EMA50, which is bearish, this is the next barrier to break on this timeframe.
If Bitcoin can break EMA10/50, it can easily move higher and reach $10,000+.
If Bitcoin can't conquer EMA10/50 and moves to close below $7300, we can easily see lower prices and even the last low tested.
If prices start to crash hard, the main support will be sitting at $5050 or MA200.
We are aiming higher short-term.
Volume is needed for confirmation of the current move.
Please allow time for the charts to develop.
Previous analysis: Bitcoin Starts To Gain Momentum | $8,000+ Or $10,000 Next?
Is Bitcoin Ready To Resume Its Growth? EMA100 Conquered
Thanks a lot for reading.
Namaste.
Bitcoin Starts To Gain Momentum | $8,000+ Or $10,000 Next?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 timeframe, 12H, we are seeing a break of EMA50 (yellow) and EMA10 (green) already conquered, which is strongly bullish. (EMA50 needs candle closure for confirmation).
This move is just developing (taking form), if the candle close is strong, Bitcoin will continue going higher.
Here you can find additional information on a shorter timeframe (4H) | Bitcoin (XBTUSD):
Thanks a lot for reading.
Namaste.
Bitcoin At A Decisive Point | $10,000 or $5,000 Next?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 volume, it was tested as support.
If BTCUSD can remain above EMA10, it can easily continue higher.
We are bullish on Bitcoin, you want to see the next target and support levels, here you can see our previous analysis with additional information:
Will Bitcoin go to $10,000 before the end of the year/month?
Let us know in the comments section below.
Namaste.
Bitcoin Prints Strong Bullish Divergence | The Low Is In?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 above, strong bullish divergence is showing up with the MACD And RSI.
These are early signals but Bitcoin (BTCUSD) might have hit its low.
We have been waiting for Bitcoin to start growing in December...
We remain bullish long-term.
The altcoins continue to grow even while Bitcoin is having strong retraces and drops... This is only the beginning, the cryptocurrency markets will grow in late 2019 as well as in 2020, 2021 and beyond.
Thanks a lot for reading.
This is Alan Masters.
Namaste.
Altcoins Market Update | Bitcoin To $10K In Dec. Pt.5 + MultipleBitcoin 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 $6900-$7100 level breaks we will visit the above range before testing lower.
TARGET
On a move to the upside, EMA10 at $7240 is the first and main target. If this level can be conquered EMA50 follows at $7850.
SIDEWAYS
There is also the possibility of a long sideways consolidation period before any additional growth, see it here:
Altcoins Market Update
The Altcoins vs Bitcoin (ALTSBTC) pairs continue to grow.
Many pairs are now in full bullish mode with huge potential in the weeks and months ahead.
The altcoins and Altcoins market will continue growing.
When I say altcoins I am referring to all the altcoins minus the Top10, these are on a different category for me as they move differently than the rest of the market.
You can leave a comment if you any questions about any altcoin pair, I will be happy to take a look.
Most of the time when a strong wave comes, it happens by surprise and 'out of nowhere' for many... It is wise to plan, prepare and buy-in BEFORE the jump.
For this you need patience, buy and hold, and once the action starts, your patience will pay off... We set our sell orders before-hand.
What happens if we miss an opportunity?
Absolutely nothing to worry about.
If one opportunity goes, another one will come.
Just notice how every single day the 'biggest gainer' or 'top earner' is a different one.
So take your time to set your strategy, another opportunity is coming up... Thanks a lot for reading.
Make sure to hit LIKE to show your support.
This is Alan Masters, wishing you the best above all.
Namaste.
Bitcoin To Continue Growing + Altcoins | $10,000+ In Dec. Pt.4I 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 again.
We are seeing a very strong bullish candlestick taking form now which is challenging, and very likely closing above, EMA10.
EMA10 is sitting at $7469.91. Closing above this level on the daily timeframe is a strong bullish signal.
We have volume coming in, mid-week, and the indicators starting to turn.
This is just a friendly reminder to let you know that Bitcoin... Is Ready To Continue With Its Growth!
Namaste.
Perfect for Bankex (BKXBTC) | Easy 125%+ within days
BANDBTC
Thanks a lot for your continued support.
This is not financial advice.
Bitcoin Breaks Another Resistance Level, Continues Moving HigherBitcoin (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 bullish action in the days, weeks and months to come.
Full trade | FULL XBTUSD Trade (XBTUSD | LONG | 8X | 116%) @alanmasters
Previous chart | Bitcoin To $10k P.t 3 | iHead & Shoulders (Support & Resistance)
Thanks a lot for reading.
Namaste.
Bitcoin Bullish Inverse Head & Shoulders | $8500+ Now Possible!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 First?
You can find additional information on the chart above.
We are active with a trade with 8X leverage.
Hit Like if you would like to see the full trade.
If this trade idea receives 111 likes, we will know there is enough interest and share the full trade details (buy-in, targets, stop-loss, capital allocation, and more).
Thanks a lot for reading.
Namaste.
Bitcoin To $10k P.t 3 | iHead & Shoulders (Support & Resistance)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, with the right shoulder being formed on increasing volume.
To provide additional and useful information, I also added the Fib. support and resistance levels for this next move.
Bitcoin (BTCUSD) Support & Resistance Levels
Support: $7188, $7044, $6840, $6640, $6515
Resistance: $$7370, $7850, $8220, $8750, $9600, $10136
The bold orange line is the "neckline" for the iH&S pattern. Above this line, Bitcoin can make a strong move to the upside.
Below the neckline, the pattern can easily become invalidated and we see Bitcoin go lower.
My view
I am of the bullish view and I believe Bitcoin will move higher in December 2019. Now the chart signals are fully starting to support this view.
Here is my previous analysis with an update on the Altcoins market bullishness and growth:
Thanks a lot for reading and for your continued support.
Namaste.
Bitcoin To $10,000+ In Dec. Pt.2 | Altcoins Market UpdateBitcoin (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 Signals
Above-average volume coming in for the bulls (Needs daily closure for confirmation).
Hidden bullish divergence on the RSI.
Reversal candlestick being printed...
These signals still need more time for confirmation, but Bitcoin is looking like its ready to change course and start to climb up.
Conditions for change
Naturally, if the last low at $6515 is broken, the above signals become invalid.
Altcoins Market Update
The Altcoins market continues to grow. Today we are having some really, really massive bullish action for many altcoins pairs.
We saw this coming months ago and appreciate your continued support... Now we can enjoy the profits.
Much more will come, here are some charts with recent results:
PATIENCE IS KEY!
-------------
DATABTC (+1387%)
KEYBTC (+360%)
SNMBTC (+205%)
NAVBTC (+156%)
WPRBTC (+12%)
You can expect the altcoins vs bitcoin pairs (ALTSBTC) to continue growing for a very long time...
This is Alan Masters...
Thanks a lot for your continued support.
Namaste.
Bitcoin Going To $10K December | Will It Go Lower First?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 additional bearish action before Bitcoin bounces and starts to move up.
The low can be set late Nov. or early Dec. with the goal of reaching $10,000+ after Bitcoin bounces and starts to move back up.
This is just one scenario, my main view at the moment... Additional details can be found on the chart.
Thanks a lot for reading and for your continued support.
Namaste.
Why Will Bitcoin Grow Now? Why The Bulls Will Win!In a bullish market/bull cycle, altcoins go down while Bitcoin goes up.
Let me show you something that you are most likely very familiar with... The chorus goes like this:
When Bitcoin moves up strong, the altcoins tends to crash.
When Bitcoin moves down, the altcoins tends to crash.
When Bitcoin goes sideways, the altcoins tends to crash.
Lately, we've seen something quite different...
First. Bitcoin dropped 1000$ in one hit and the altcoins vs btc pairs held their support and some started to grow.
Second. Bitcoin started to grow and the alts remained the same and held their support.
Third. Bitcoin went sideways and the altcoins started to grow big time.
The difference is very clear and easy for all to see... So, what happens next?
Think the ALTSBTC pairs have a strong retrace and Bitcoin makes another jump.
What's your take?
Let's see how it goes.
Namaste.
Will Bitcoin Produce A Higher High, Higher Low or Lower Low?!Will Bitcoin (BTCUSD) produce a higher high, higher low or lower low?
The signals right now are pointing to a bounce (short-term) and straight to a higher high... These signals can change with time.
Everything is mapped out on the chart above.
Bitcoin can move higher but if support is broken (blue dashed line) the above signals are invalidated and can move lower.
The open 4H candle is the first confirmation to look for. A close above EMA10 on the current candle would be super bullish.
Another above support is good and keeps this analysis valid.
Thanks a lot for reading.
Remember to hit LIKE.
Thanks a lot for your support.
Namaste.
Bitcoin Sideways w/ Bullish Tendencies Continues | More AltcoinsBitcoin (BTCUSD) continues with its sideways consolidation as you can see on the chart above. The trading volume is really low so a strong move can happen anytime...
On top of the sideways action, Bitcoin is leaning more towards the bulls... Why?
Multiple of our signals remain bullish, for example, the RSI is above 50 and BTCUSD is trading above EMA10, but the trading volume is so low that a breakdown is as likely as a breakout. Anything can happen with this low volume.
We keep the same view as our chart for Bitcoin vs Tether (BTCUSDT), you can see it below:
As long as Bitcoin remains within the light blue zone, additional sideways action is expected.
The altcoins continue to grow, hitting higher highs and higher lows... Bitcoin is doing strong consolidation, we remain bullish until the signals turn.
Conditions for change
If Bitcoin moves lower and closes below EMA10 ($9213) or EMA50 ($9107), its bearish potential is activated and we look for the next support.
In the meantime, we are on the bull's side and continue to enjoy the altcoins growth.
What's your take on where Bitcoin is headed?
Share your thoughts with us in the comments section below.
Namaste.
Bitcoin Monthly Bullish Close | $8518/$7249 - $9788/$11596 (8)Bitcoin (BTCUSD) on the monthly timeframe closed with a bullish candlestick.
EMA10 held as support and now Bitcoin has the chance to move higher.
I made this chart pretty simple... This is how I am looking at it right now.
The light blue space is a tight range between our main resistance and support levels.
If $9788 can be broken, Bitcoin can easily move higher and reach $10,000+ to $11.5k.
On the downside, $8518 is the level to hold, if this breaks Bitcoin can easily move lower and test $7249... That's what you see on the title.
Right now the weekly chart is also looking bullish for me so I am of the bullish view... Take a look at the trade idea below.
How Does Bitcoin Make It To $33,333? | 6 Signals
Thanks a lot for your continued support.
Namaste.
How Does Bitcoin Makes It To $33,333? | 6 SignalsBitcoin's path to $33,333+.
Let's keep it simple.
We are going to look at just 6 different signals. We had all these same signals before the 2019 Bitcoin bull run, let's take at look at them now and see if it makes any sense...
Hit LIKE and push me up...
(1) Bullish flag.
(2) EMA10/EMA50 Cross.
(3) Bullish divergence with the MACD and RSI.
(4) Volume jump.
(5) MACD moves above zero.
What followed after these 5 signals was a short consolidation period of several weeks and then a massive and sustained bull run.
What will happen this time?
Share your thoughts in the comments section below.
Thanks a lot for your continued support.
Namaste.