Bitcoin Aims At $9740 Followed by $9250 (Bearish Signs)XBTUSD (Bitcoin) is now looking full bearish with multiple bearish signals in the making... Let's take a look at those:
First we have a break of EMA10 and EMA50 as support. Prices are now trading below this level switching our potential from bullish to bearish.
Bearish cross between EMA10 and EMA50.
Bearish RSI, trending lower.
Bearish MACD.
Monday's can be bloody (red).
With also have a "rising wedge" that is breaking down.
All these signals are pointing to lower prices.
We are active with a short on 10X.
Make sure to hit LIKE if you would like to see the full trade details, we will share at 111 likes.
Namaste.
Bitmex
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.
Is Bitcoin Ready To Resume Its Growth? EMA100 ConqueredHere we are looking at Bitcoin (XBTUSD) on the 4H timeframe and we see the possibility of a continuation of the last bullish move.
Right now XBTUSD is trading above EMA100, which is the purple line you see on the chart... Depending o how this level is handled, we will know Bitcoin's next move.
Above this level, Bitcoin can easily move higher.
If prices for XBTUSD move and close below EMA100 ($7181.5), then we test the lower support.
This analysis is for the short-term.
The RSI is strong and the MACD flat while trading on the bullish side. (Bullish)
There is a good chance for a move to the upside... Please allow time for the charts to develop.
Feel free to hit LIKE if you would like to show your support.
This is Alan Masters.
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.
Will Bitcoin Really Collapse Or Just A Bull Flag?Patience is key we are used to saying... is it not?
Will Bitcoin collapse?
Is it collapsing already?
Doomsday is here?
Bitcoin (XBTUSD) broke below EMA10 switching its bullish potentially from bullish to bearish on this timeframe (4H)/short-term.
Note: On the daily timeframe Bitcoin is still safely trading above EMA10 which is sitting at $8835. (Meaning that the bullish potential remains longer-term)
With that said, this retrace is shaping up but is still as normal and as classic as it comes.
Prices for Bitcoin tend to make their move on or after mid-week/Wednesday+...
So Bitcoin (XBTUSD) retraced and almost reached the 0.5 Fib. retracement support from the last bullish wave.
The 0.382 Fib retracement support was sitting at $9330 which is now resistance because Bitcoin's price is below it.
Depending on how the next few candles develop, Bitcoin can move up after touching EMA50 or can retrace further to reach the 0.618 level, which is $8555.5 on this chart.
The blue area is the consolidation zone and can be activated if Bitcoin decides to consolidate sideways.
Trading volume is really low... so the bears are lacking strength. If the volume does not show up for the bears, no follow-up, then expect a bounce and a move up (curved green arrow) .
If the bears do coming in, Bitcoin will test the lower support levels (red arrows).
Please allow time for this chart to develop... Patience is key.
Previous analysis:
Thanks a lot for reading.
Namaste.
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:
TOP 10 Strong Altcoins 4 LongTerm Bullish Potential @alanmastersGood Day & Life!
My fellow cryptocurrency lover, I would like to share a trade idea today with a completely different format, so this is something that is requested from me on a daily basis, so here you have it by popular requests.
Today I will be sharing a list of TOP Altcoins that are STRONG for LONG TERM holding and at the same time have good BULLISH potential.
So the key words here are TOP, STRONG, LONG TERM and BULLISH... This is what we will be looking at from major to minor altcoins.
I am hoping that you enjoy this post... Feel free to hit like if you want to now, to show your continued support.
Before we get started I need your help!
I am going to be writing a series of TOP 10 articles mentioning different categories of altcoins to consider for the top 10 list but we have many, many options, there are thousands of different altcoins... Here is where/how I need your help.
I need you to leave a comment choosing which of the following category you best prefer to read about next, as well as share your own variation for me to consider for the next post:
(1) TOP 10 Altcoins for Short Term Profits
(2) TOP 10 Altcoins with Highest Profits Potential
(3) TOP 10 Altcoins with Best Products
(4) TOP 10 Most Popular Altcoins (your choice)
(5) TOP 10 Altcoins with The Biggest Gains
So pick one, or multiple choices, and add your own to the bottom of the list. You can leave a comment and I will share next the list that gets more requests...
Remember to mention your favorite altcoins or the one you want me to look at in case #4 wins.
Now... Let's get started!
Thanks a lot for the support.
TOP 10 Strong Altcoins for Long Term Bullish Potential
Binance Coin (BNB)
I believe Binance Coin (BNB) to be one of the strongest altcoins which you can buy and hold for long term growth, stability and profits potential.
Binance is the biggest cryptocurrency exchange by volume and lists some of the best altcoins in the market for us to trade.
Binance implemented credit card purchase to buy cryptocurrency and its own altcoin, BNB, can be used to pay trading fees.
Here is the quick conclusion, the more the cryptocurrency space grows the bigger and better that Binance Coin becomes. And since the market is really young, this altcoin has the potential to keep on growing more and more.
Trade ideas:
BNBUSDT
BNBBTC
Ethereum (ETH)
We continue with Ethereum (ETH), which is a " decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference."
Ethereum is the second biggest cryptocurrency by market capitalization, second only to Bitcoin.
Ethereum has its own "reality" in the crypto space and most exchanges offer trading against ETH.
This is a very strong project with huge long term bullish potential.
When you look at the long term chart, ETHUSD is basically at its bottom:
Let's continue.
Litecoin (LTC)
Litecoin is the first Bitcoin copycat and has established a reputation as being a very stable altcoin project.
Chart:
Even though my charts are showing profits potential compared to all-time highs, altcoins can create new highs just as they can create new lows.
A new all-high can push the price of any altcoin project dozens of times higher than the last high. All that is needed is a bull run.
Cardano (ADA)
Cardano is one of the best and most trusted projects out there and it is already being used in different types of commercial establishments in Asia (Korea).
The last bull run back in late 2017/early 2018 pushed ADABTC to generate over 3,000% profits. With these altcoins projects being the ' companies of the future ', the potential here is hundreds of times of what we are seeing now.
Here is the chart:
Cardano is a great altcoin which is strong and can be held long term.
Siacoin (SC)
Now, we looked at big market cap and famous altcoins, here we will be looking at two smaller but older ones.
Siacoin (SC) is a project that has a real working product and has been around for long. It is said that Satoshi Nakamoto, one of Bitcoin creator, lend his to support to this project.
And old gem, Siacoin is massively stable and has lots of potential for future growth.
This is an altcoin that can grow 5-10X easily within this year, and up to 50X by the next cryptocurrency market bull run... Wait, wait... I know, this is huge, but this is how the amazing/crazy cryptocurrency market works.
DigiByte (DGB)
DigiByte is another old gem and I am sharing it here simply because of its long term potential and stability as an altcoin project.
DGB held its value better than most of the altcoins available throughout the bear market.
Chart:
BitTorrent (BTT)
From old to new, BitTorrent needs no introduction. BitTorrent is a file sharing system that now has its own altcoin which can be used to monetize content and traffic while sharing online.
This project is linked to TRON ( TRX ) and has huge massive growth and long term potential.
Here you can find our BitTorrent trade, this is for the medium term, long term potential is much, much higher:
Basic Attention Token (BAT)
This is a favorite for my friend and developer and for good reason. BAT has its own browser which can be used to monetize traffic on any website... The method of payment? BAT of course.
This project comes from the creators of Mozilla and is a must-have for any cryptocurrency lover.
Ripio Credit Network (RCN)
One simple feature got RCN into this list, which is the Ripio Credit Network New dApp.
Basically, Ripio Credit Network has a dApp now where you can loan them money and they give you a % back in 30 days with Ripio backing all the loans. This gives out a varied return, monthly/yearly, for RCN that you would be holding anyways if you are into crypto. At the same time this feature can promote long term slow steady growth for this altcoin.
This feature is active now and can be found here: rcn.loans
RCN has huge growth potential that can go beyond ATH long term:
Bitcoin (BTC)
Needless to say, BITCOIN IS THE NAME OF THE GAME.
BITCOIN IS THE BEST!
You can always buy and hold Bitcoin long term as this is the best cryptocurrency of all.
Namaste.
Conclusion
Here we have a mixed list of altcoins, I tried to put in new projects, old projects, known projects, not so known, with good profits, etc. Variety, so there is a little bit for each and every one of us.
Which TOP 10 Altcoins you want me to write about next?
Remember to hit like and leave a comment with the altcoins that you believe are best.
This is Alan Masters.
Thanks a lot for reading.
Namaste.
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.
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.
Bitcoin Bounces In, Aims At 10.5k Or 11.3k? (#1 All-Time TOP)Bitcoin (BTCUSD) retraced strong... We caught the last peak, now we are seeing that a new low has been set...
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Before we get started we would like to thank all of our readers, supporters, and followers, and Trading View as a company, its staff, and support, for ranking Alan Masters now as the #1 All-Time Top Cryptocurrency trader and analysts... I am deeply honored...
Thanks a lot for continued the support.
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Feel free to hit LIKE and let's get started with the chart analysis...
Bitcoin 4H Time Frame
Bitcoin can surely move up from current levels, I've drawn the main scenario I see developing on the chart above.
Let's take a look at why and at some of the main signals below:
Looking at the RSI
We can see a huge decline, I mean massive after the top on the 5th of August, it reached oversold yesterday, massively oversold down to 13.88... Bitcoin tends to bounce when it reaches such levels on the RSI.
The purple arrow marks the hidden bullish divergence. This shows up when the trend is up (Higher lows)) while the indicator is down (Lower lows).
After the dashed red trendline is broken, you can expect the RSI to move higher and higher.
Looking at the Bollinger Bands and Bullish Candlestick
Here we can see that Bitcoin (BTCUSD) touched the outer part of the Bollinger Bands, to quickly bounce. The price always trades within these bands... This is a great indicator.
On the bounce a bullish candlestick formed. You can see it marked on the chart. The large wick at the bottom means the rejection of sellers.
High volume is good, supports the bounce. Also supports the bounce back into the Bollinger Bands as well as the bullish candlestick and break above EMA5.
So unless the bears do a massive push down and break the last low set, Bitcoin is very likely to move higher from here and challenge the next resistance levels.
Feeling the market: As you can see, multiple signals are pointing towards a bounce here but it is very likely we will see some range-trading or sideways action first. This sideways action will allow for the altcoins market to grow (ALTSBTC).
The last low can still be broken to shake out some more weak hands, but we can expect the $9100 support to be a very strong one if this happens.
After some decent consolidation, we can analyze the next move which right now feels up.
Altcoins Market Update: Yesterday's drop was massive for Bitcoin yet we can see that the Binance and Bittrex altcoins, the ones we mainly look at, remain consolidating on support and continue printing bullish charts. All of these will have a massive bullish explosion soon. The market sentiment needs less than 3 weeks right now to fully change.
We will see the altcoins market move from extremely bearish to extremely bullish... It will be a drastic change.
As for us...
Thanks a lot for your continued support.
This is Alan Masters.
Namaste.
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.
[XRPU19][LONG][7X][165.13% ROE] Ripple 7X Lev. (165% ROE)Here is our full trade for Ripple (XRPU19) on BitMEX.
We are using 7X (high leverage) for high ROE.
BitMEX (leveraged) trading is for experienced/advanced traders only.
This is not financial advice. We are sharing our views and opinion for learning and entertainment purposes only.
A trade setup can do good just as it can go bad. Some we win others we lose. If you decide to trade, you do so at your own risk.
We recommend trading altcoins pairs for beginners, margin trading should be done only after you have lots of experience and you have patience as well.
Patience is key.
Thanks a lot for your continued support.
Now, let's take a look at the numbers for our Ripple (XRPU19) trade:
_________________
Pair: LONG XRPU19 (Ripple)
Leverage: 7X
Entry: 0.00002550 – 0.00002670
Time frame: 4H
Targets:
(1) 0.00002700
(2) 0.00002820
(3) 0.00002900
(4) 0.00003110
(5) 0.00003300
Stop-loss: Close daily (1D) below 0.00002400.
Liq. price: 0.00002356
(Buy-in calculated at 0.00002670)
Potential profits: 165.13% ROE
Capital allocation: 6%.
_________________
If you have any questions, feel free to use the comments section below.
This is Alan Masters.
Namaste.
bitcoin , getting heavy at weekly tops- beware . regular bear divergence in making on daily, weeklly still in bear divergence .... not a single weekly candle close in 2019 has happened above 11920 , tomorrow is decisive (sunday) if weekly candle doesn't closed above 11920 & price action starts retracing , eventually it will lead to confirmation of bear divergence on daily , which in turn trigger the bear signature on weekly PA .
in simple worlds tomorrow is decisive , with multiple factors against price rise ... i m biased toward shorts on BTCUSD .
check the daily & weekly - bearish trend reversal , if weekly ..check the daily & weekly - bearish trend reversal , if weekly .... doesnt close above 11890-11920 , seems improbable bcaz DJI forming hidden bullish diversion on daily, i m considering DJI as an inverse poarameter . ..in btc price action . not only this daily is closed below 11880 giving price action more bearish tone .
SACLP TRADING- A PROBABLE CASE OF BOUNCE FROM HERE TILL 11450PRICE HITTING MAJOR SUPPORT AREA WITH SMALLER TIME FRAME OSCILLATORS R IN OVERSOLD AREA ALREADY , GOOD TO MAKE LONG TRADE HERE ,BEST RR HERE .FIRST RESISTANCE SHOULD BE TAKE PROFIT AREA FOR 50% QUANTITY . 50% BECAUSE HAVE TO WAIT TO SEE BREAKUP OR BREAK DOWN FROM THERE .
i will be covering/closing my shorts when any candle touches ...i will be covering/closing my shorts when any candle touches ... the green trend line , break of upper yellow trendline has confirmed the temporary downfall , will update my view when price touches the green trendline .
needed your likes & re tweets .