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Bitcoin Short-Term (1h) Drop | $8,000 or $8,122?Bitcoin (BTCUSD) is trading below EMA10 and gaining momentum on the 1h timeframe. EMA50 is also being broken now and we marked the next target. Support is found next at $8218, which is the 0.382 Fib. retracement level from the last bullish wave. The next support that follows if the above breaks are $8122 and finally $8027. On the way up, Bitcoin needs to break $8293 in order to be able to move higher. Right now it is moving lower... Hit LIKE if you like the short-term analysis. Namaste.
BITSTAMP:BTCUSDShort
by AlanSantana
Bitcoin 9K Not Yet Confirmed? From Bullish To NeutralBitcoin (BTCUSD) isn't out of the bear hands yet short-term, the move to $9000-$9200 isn't confirmed, but why? As you can see in the chart above, Bitcoin is still trading below EMA10, which is now sitting at $8547. For Bitcoin (BTCUSD) to signal bullish potential short-term, we need a close above this level. Since Bitcoin is trading below it, it has the potential to continue dropping or consolidate some more before its next move. $7,700 Is now the main support that needs to hold short-term for Bitcoin to bounce on a drop. If Bitcoin starts to move down, this is the level to watch... If this level holds on a drop, you can expect a quick bounce and move up. If Bitcoin drops and $7,700 breaks, we can expect it to move lower. The RSI hit its lowest since November 2018 and is hovering near the weak/oversold range. Volume is weak and favoring the bears. Bitcoin is now consolidating its last drop... And what happens while Bitcoin consolidates? ...The altcoins continue to grow... Conclusion We are now neutral on Bitcoin short-term with sideways-bearish tendencies. After EMA10 has been conquered, we look at Bitcoin from a bullish perspective on this timeframe. Where do you think Bitcoin will go? Visit my profile for many, many, many more trade ideas for you to enjoy... Thanks a lot for reading. Namaste.
BITSTAMP:BTCUSD
by AlanSantana
Bitcoin Bounces To $9k, Likely Go Mid $6k Next Month + AltcoinsBitcoin (BTCUSD) is now moving within a descending channel, going lower. Now I am seeing a potential bounce in place or further drop. Bitcoin can easily move lower, according to the chart above, but a bounce is also very likely. As for the mid $6,500 price (I am looking at the $6200 - $6500 range), I am looking at this level for Bitcoin (BTCUSD) to fully complete this retrace... Depending on how this level is handled, we can think about Bitcoins next move. Here is what I see: 1) If Bitcoin can bounce at current levels with good strength and volume, it can resume its recent uptrend... But this is very unlikely as the chart is right now but there are always unexpected events that can happen... So just as we can see strong drops come out of nowhere, in the same way, "magical" reversals in price can happen... But we focus on the chart... 2) Bounce and then moves lower. Bitcoin (BTCUSD) can easily bounce at current levels... Why? The RSI is at its lowest it has been since November 2018... This where the RSI hit bottom for BTCUSD at that time and what followed was a long-term sustained growth period. 3) More drop can also follow, right away with no bounce... Such a drop would quickly be bought up leaving a long-wick. Less probable but completely possible right now. Share your own perspective or view in the comments section... Keep reading below! Feeling the market One more drop, bounce or drop, and then we are very likely to see this retrace over but, we remain open to see how the last drop will be handled by the market and update our view once this happens. Bitcoin isn't likely to hurry... Whatever will happen next, it is very likely to be drawn out process, just like it took a while to break the descending triangle created when the last peak was hit back in June. So everything can take a while... While the altcoins grow... Altcoins profits Continue buying, collecting and accumulating altcoins. Be smart, be patient, be active... Know the risks involved, do your own research and take it! Buy-in, learn, trade, read, study... Hit like to show your support. Give yourself some time... Patience... And later come to collect your profits. This is Alan Masters. Thanks a lot for reading. Namaste.
BITSTAMP:BTCUSDLong
by AlanSantana
1
Bitcoin Weekly Important Support Levels | Fib. 0.786 ($5,441)Today's drop makes it clear that Bitcoin (BTCUSD) is going to retrace as we were expecting... But how much lower can it go? Let's take a look at Fibonacci proportions for answers... Bitcoin reached a peak in late June completing a move that started back February 2019... As it moved lower, it found at the 0.382 Fib. retracement level from the last bullish wave. Here we saw a bounce and consolidation that lasted for almost three months. With this level (~$9700 on average) holding the price. This level has been broken and Bitcoin is now moving lower. First stop was 0.5 Fib (~$8,500). Next is EMA50 or ~$7,900 as mentioned in my previous updated. If this level fails, then the next Fib. support that follows is $7,242, which is the 0.618 Fib. from the last bullish wave. This move is still developing, but the momentum has now shifted completely towards the bears... We have been warning for weeks... Feel free to leave a comment if you have anything to share... Thanks a lot for reading. Namaste.
BITSTAMP:BTCUSD
by AlanSantana
Bitcoin Weekly Closes Below EMA10 | Bear Mode Is IN! | $7,929?Bitcoin (BTCUSD) just closed below EMA10 on the weekly timeframe, let's get back to the basics... Back to keeping it simple... Above EMA10 = Bullish potential Below EMA10 = Bearish potential Bitcoin's bearish potential has been activated on this timeframe, if BTCUSD remains below EMA10, it is very likely to move lower and test EMA50, which is now sitting at $7929. There is strong support at around ~$9,000 which needs to break first before EMA50 can be tested as the next support. For Bitcoin to reverse, the first barrier to break is a close above EMA10 ($10,070). After this level is broken, we can consider higher targets on a bullish perspective. Right now we are looking bearish. Thanks a lot for your time. Namaste.
BITSTAMP:BTCUSDShort
by AlanSantana
Bitcoin In Bearish Mode | Chart Signals | Can Go Lower!In my last update for Bitcoin ( BTCUSD ) I mentioned "bearish tendency", because Bitcoin has been moving lower since it hit a peak on the 26-June, we can easily see lower highs being printed... But since the 28-July, we are also seeing higher lows. This is all a period of consolidation but Bitcoin can still move lower before moving back up. Now, the signals... Bitcoin Bearish Signals The RSI is clearly trending down. The MACD had a bearish crossover. BTCUSD price is trading below EMA10 and EMA50. Bearish TD Sequential. This is all pointing to another drop. The drop can be quick big and recover fast just as it can be short-lived and small... Whatever happens, we believe that Bitcoin will bounce regardless of how low it goes. Move your focus to the altcoins and comeback when the Bitcoin consolidation period is done. Thanks a lot for reading. Thanks a lot for your continued support. SUCCESS IS AVAILABLE FOR ALL Success has nothing to do with luck, with your age, with your finances nor where you are from. Success is not something that is saved for the few... Or something that cannot be achieved by most... Success is available for all of us. You just need to figure out your true wishes, your true heart desires, your real-life goals... Just this one simple thing makes success achievable by all. Enjoy life... Be smart... Be happy working as you want... Because success is already yours! Namaste.
BITSTAMP:BTCUSDShort
by AlanSantana
IN | Altcoins Market Update | Bitcoin Is Solid & StrongBitcoin Is Solid & Strong Yes! Bitcoin sideways has been activated with a little bearish tendency. Bitcoin has been moving lower while consolidating since it hit a peak on the 26-June... Ufff, time does not fly... So Bitcoin went from ~$3,200 all the way to ~$13,900 in 6 months... Since June until today Bitcoin moved from a peak of $13,880 to a strong $10k... 3 months and Bitcoin is only showing a "normal" retrace, about 39%... Which is great compared to 329% growth (from $3,230 to $13,880 on BitStamp). So we now know for sure that Bitcoin is solid and strong, so it is time for the altcoins run... Altcoins Market Update Yikes! The altcoins are already paying and paying big... The reason we go for altcoins vs Bitcoin is because of their size... Bitcoin is small compared to conventional assets, but if you compare Bitcoin to the cryptocurrency market altcoins, Bitcoin is BIG while the altcoins are SMALL. If you have a good eye, confidence, and trust, you can find many opportunities looking at the smaller projects that are coming up. So we focus on the altcoins because they offer higher profits potential and endless opportunities for all of us. The altcoins market is already producing great results... But we are only getting started... We are still trading near the bottom, for most pairs... We will be enjoying growth/profits for years to come. Feel free to leave a comment and share your thoughts about Bitcoin, Altcoins and the Next Cryptocurrency Bull Market Run! Namaste.
BITSTAMP:BTCUSD
by AlanSantana
Bitcoin Can Easily Move Lower or True Bounce In Place? i|AltcoinBitcoin (BTCUSD) can easily move lower... According to the signals coming from the chart above. My last analysis showed that the signals were weak and that Bitcoin could move down since it was rejected for the fourth time by strong resistance... You can see the full analysis here: Now, we are going to have a shorter-term look at the chart. Bitcoin (BTCUSD) on The 4H Time Frame / Scale First we have what appears to be a bullish engulfing pattern, a strong one, to push BTCUSD back above EMA10. () If the red trendline can be conquered, Bitcoin can easily move higher... but if it remains below it, as it is now, we can expect additional retrace. Trading back down below EMA10 (candle close is needed for confirmation). Bearish MACD and trending lower. RSI on the bearish zone and trending down. Retrace has gone to 0.5 Fib. of the last wave, can easily go lower to 0.618, 0.786 or 1. The GREEN trendline would support Bitcoins price if it turns upward. Feeling the market: Bitcoin can easily go lower, that's the feeling right now... The signals are above. Altcoins I mentioned the altcoins market in my last update for Bitcoin, which can be seen here , and that the alts would start moving from this point forward... Now... I am seeing more pairs on Binance producing very strong bullish setups that can produce massive impulse waves... Just watch... You can check my profile for some of those... Thanks a lot for the support. Namaste.
BITSTAMP:BTCUSD
by AlanSantana
Bitcoin Faces Resistance | $9.6k or $11,3k? | Altcoins Market InBitcoin's rise to the top has been stopped by heavy resistance... Let's take a look at the chart together and see what will happen next and the different potential scenarios... Feel free to hit like to show some support. Bitcoin Daily (1D) Chart Analysis by Alan Masters Good Saturday, let's start by calling our attention to the "Purple trendline", notice how it stopped Bitcoin's growth multiple times, 4 total... This is an important resistance level. We can say that if Bitcoin manages to remain above this level, it can easily move higher (green arrows). The "Brown trendline" at the bottom is working as our main support for the range trading/consolidation phase. After BTCUSD was rejected for the fourth time from the purple trendline, it is likely to test lower support... But we trade based on candle close and we see Bitcoin staying above EMA10 and EMA50. If these levels hold, namely $10,300 - $10,350, Bitcoin can try and challenge the upside again... But if this level breaks, we are looking at around $9500 - $9650 next. The RSI remains strong above 50. Here we have to wait and see how the charts will develop. Our main bullish vs bearish potential indicator is the EMA10 line, so we remain bullish as long as BTCUSD is trading above this level. On a break below EMA10, we look for support. Overall, Bitcoin is likely to move lower since it already touched the purple trendline again and was rejected. In order to move any higher, this is the resistance that needs to break FIRST. If it can't be broken, Bitcoin moves lower... Altcoins Market Update I've been looking at many ALTSBTC charts and some did massive numbers in the past 2 weeks, numbers we haven't seen in months... But at the same time, many others went lower and hit new lows... What is going on? Now we see the strongest altcoins pairs (all top altcoins minus top 10) maintaining their last low and even moving higher. We see Bread (BRDBTC) which made a 100%+ move today... In conclusion, the altcoins pairs vs Bitcoin will move strong starting now and after the 15-18 September. We all had plenty of time to accumulate, buy and go long. We all had plenty of time to see the market red going down more and more. We only have a few days left and big change will come to us... So get ready... Be prepared... The Altcoins Market will run like never before! Feel free to share your charts and ask any questions, on the comments section below... Namaste.
BITFINEX:BTCUSD
by AlanSantana
Bitcoin Strong Bounce, Going Higher? | $11,300INOur next target remains at $11,150 - $11,300 based on my previous analysis, which is playing it nice. Right now we are seeing a strong bounce for Bitcoin (XBTUSD) after hitting EMA10. We can see good volume and momentum building up. Above EMA10 we aim for our next target at $11k+. If Bitcoin moves lower, we look again for $10,500 (EMA10), followed by $10,100 - $10,200 as main support. Feeling the market: Bitcoin can easily move higher. Namaste.
BITMEX:BTCUSD.PLong
by AlanSantana
Bitcoin Bounce INPlay | Can Hit $10,900 But Not There Yet!Bitcoin (BTCUSD) is showing a low volume bounce while trying to break slowly above EMA10. We are seeing multiple signals that are pointing to move up but multiple resistance levels are to be taken out first. The blue trendline is the main resistance that needs to be broken for Bitcoin (BTCUSD) to move higher. If this level breaks, we aim at EMA50 ($10278) followed by $10800-$10900. Bitcoin's price is already moving above EMA10. (Bullish) Moved below EMA100 (light blue rectangle) only to bounce back up. If Bitcoin can remain above EMA10, it becomes very likely that it moves higher... Hidden bullish divergence can be spotted on the RSI. (Bullish) Low volume. (Bearish) The set up is already in play, the only thing needed now is for the bulls to follow up and we can see Bitcoin grow to $10,250 or higher all the way to $10,900... It all depends on the daily candle close. Where do you think Bitcoin is headed? Share with us in the comments section below! Namaste.
BITSTAMP:BTCUSDLong
by AlanSantana
Bitcoin (XBTUSD) Continues Aiming at $11.3k (100%+ ROE |8X | IN)Here is a quick chart for you guys, my beloved readers... I appreciate your support. We are doing 8X on Bitcoin (XBTUSD) and we are aiming for $11,300 or higher. Our last trade idea played out and we hit higher than our first target which was sitting at $10,650, Bitcoin went up all the way to $10,800 on BitMEX... Looking at the action Bitcoin is having now, I believe it can go higher. All the details are shared on the chart. If you would like to see the full trade details for our BitMEX trade, make sure to hit like. If we get 222 likes, we will share our buy-in, targets, stop-loss, profits potential, leverage, and capital allocation. This is not financial advice. Thanks a lot for reading. Namaste. Previous analysis:
BITMEX:BTCUSD.PLong
by AlanSantana
1
Bitcoin Breaks Up & We Go Higher!!!If you've been following Alan Masters ( @alanmasters ) lately, you are aware that we have been right 100% of the time for our Bitcoin (BTCUSD / XBTUSD) charts/trade ideas for the past few months... Today is no exception, Bitcoin (BTCUSD) just broke up. Our targets remain the same, the analysis remains the same... Our vision remains the same... (Bitcoin is the future of money!) You can see all of the details and full analysis by clicking on the image here: As for the chart above, let's take a quick look at it: Break above EMA50. High volume. Bullish RSI & Bullish MACD. Looking at this chart short-term, the bullishness remains as long as we are above EMA10. If Bitcoin moves down and closes below this level, then we start to consider the bearish scenarios. All the details are explained in my previous analysis which has been shared above. If you want to know where Bitcoin is headed next, I recommended you come and visit us once more. This is Alan Masters. Thanks a lot for your continued support. Namaste.
BITSTAMP:BTCUSD
by AlanSantana
Bitcoin Bearish IN ShortTerm (Aims at $11000 or Lower) +AltcoinsBitcoin (BTCUSD) is showing multiple bearish signals on the 4H time frame. We are looking at a bearish MACD, line, and signal. The RSI is also on the bearish side but moving around support. Before Bitcoin can move any lower, it first needs to break EMA100 ($11077), only if this level can be broken, BTCUSD is to move lower and test the $10,600 - $10,400 range. We mention this support level in our previous long-term update: Conditions for change: If Bitcoin (BTCUSD) moves up and closes above EMA10 ($11,405), it increases its bullish potential and chances to move higher, the above bearish signals would become invalid. Feeling the market: The feeling I am getting from the market and Bitcoin is that it can take a few days before it makes its next move... Some sideways action is possible leaning more towards the bears. We easily see Bitcoin's price moving in the $11,100 to $11,600 range, before breaking any resistance or support level. We can see it moving up but more consolidation before anything big comes... That's the market feeling at this point. What about the Altcoins: After all the bleeding for the ALTSBTC pairs, they will start to move again but it will take a few weeks to see them move in full force. The summer, the big hit... it will take people sometime before confidence returns... But at this point, if you are smart, all you are doing is BUYING, REBUYING, MORE BUYING AND RELOAD. Namaste.
BITSTAMP:BTCUSD
by AlanSantana
2
Bitcoin Clearly Going For $10,551 If This Criterion Is Met (IN)Bitcoin (BTCUSD) has been aiming lower since reaching a top on the 6th of August. We warned about an imminent retrace and this is now happening... Let's take a look at the chart: BTCUSD is now trading below EMA10 ($11,300). In my previous article, we mention that any trading above this level is bullish, but below this level, we go bearish. The daily candle is yet to close, but if BTCUSD closes below EMA100, it is very likely to move lower. Our next target is sitting at EMA50 which is now $10,551. This is the level where Bitcoin will find support next if it closes bearish today. MACD and RSI are leaning towards the bulls. The RSI is gaining momentum down and signals a strong drop incoming. Here is the chart: You can see our previous analysis with altcoins market update below... Still valid: Bitcoin Bearish Short-Term (Aims at $11,000 or Lower) + Altcoins Bitcoin Looking To Retrace, $10,400 Possible, Full Analysis! Bitcoin Weekly Update (Bullish vs Bearish Potential) Feel free to hit like if you want to show us some support. Thanks a lot for reading. Namaste.
BITSTAMP:BTCUSDShort
by AlanSantana
1