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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
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