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.
Primexbt
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 Signals On The Daily TimeFrame | $11,111 Next?Bitcoin (BTCUSD) just printed a strong bullish candlestick pattern, but we are not there yet...
Feel free to hit LIKE now and let's get started with this analysis... Thanks a lot for your support.
Bitcoin (BTCUSD) | Daily (D) Timeframe Analysis
Circled in green, we can see the bullish engulfing pattern.
We can see a young bullish MACD crossover.
MACD histogram going in favor of the bulls.
RSI Hit oversold.
Higher low was yet yesterday compared to the 30-Sept.
We are not there yet... These are early bullish signals as they are still developing and the charts are always changing.
BTCUSD is still trading below EMA10 (green line on the chart), which gives it bearish potential.
Before we can confirm a move much higher, this barrier needs to break.
BTCUSD needs to close daily above $8260 to confirm its bullish potential.
$7700 is our main support and last low. Above this level, we keep the bullish potential scenario.
Below $7700, Bitcoin can easily move lower.
You can leave a comment if you have any questions.
Make sure to share your charts in the comments section below with your opinion and ideas...
Thanks a lot for reading.
Namaste.
Bitcoin Bounce Taking Form | Moving To $8,500 Next?Bitcoin (BTCUSD) short-term drop, as seen in my previous analysis, is coming to an end.
We can look into any pair short, mid and long-term.
We are looking into Bitcoin (BTCUSD / XBTUSD) daily, in order to determine its next move.
Our main target now is $8500.
We went from SHORT to LONG...
Conditions for change
Remember that this situation/chart can easily change. Bitcoin is now trading above EMA10 on this timeframe (4h), but moving and closing below this level can invalidate the above analysis.
If the last low at $7700 is taken out, Bitcoin is likely to move lower rather than higher. But if the bulls continue to come in/follow up, BTCUSD is likely to bounce as it is happening right now.
If $8,500 is broken, BTCUSD can easily go higher... $9,000+.
Where do you think Bitcoin is headed?
Share your thoughts and charts in the comments section below...
Namaste.
MATIC Network Continues Strong | Challenges EMA100 Next!MATIC Network (MATICBTC) continues strong after our analysis shared on the 7-August. The low has been maintained, we are seeing slow and steady growth.
Previous analysis:
Now, we are getting signals that MATICBTC can move higher, let's take a look at those:
We are seeing a bounce after a potential higher low.
MATICBTC moved above EMA5 and EMA10, the daily candle is still active and needs to close for this signal to be confirmed.
Challenging EMA50 (0.00000139).
Volume starting to increase.
RSI strong and bullish above 50.
Next target is EMA100 (0.00000158) if EMA50 can be broken.
The chart is bullish and bullish potential is dominant with MATICBTC trading above EMA10 (0.00000133).
Conditions for change: If MATIC's price moves lower and closes below 0.00000120, the above signals are invalidated and we are very likely to test the next support. A new analysis is needed.
Any questions?
Use the comments section below.
Namaste.
Bitcoin Moving Lower | 70% ROE on 8X Lev. Full Trade | INIf you followed my recent trade ideas for Bitcoin (BTCUSD), you are aware that we were expecting this drop and went SHORT short-term. Multiple signals were pointing to a drop, namely:
BTC moving below EMA10.
Peak hit on the 6-Sept.
Bearish indicators.
Altcoins market time to move up.
You can see all the details by clicking on the image below:
Now, we are active with a high-leverage trade at 8X that can reach up to 70%+ ROE easily...
Feel free to hit like if you would like to see the full trade details. Will share at 111 likes.
This is for experienced/advanced traders only... This is not financial advice.
________________
Here you can see our recent leveraged trades
Ripple (XRPU19) Can Do 300% ROE on 7X (Bullish Chart Setup)
EOSU19]8X]LONG]314.% ROE] High Risk, High Profits Lev. Trade
Additional charts
Litecoin (BTCUSD)
TOTAL Cryptocurrency Market Capitalization | Keeping It Simple!
Market Cap BTC Dominance Breaks Support (Where To Next?)
Thanks a lot for reading and your continued support.
Namaste.
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.
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.
Crypto Total Market Cap Exclude BTC (TOTAL2) | Bulls IN BearsI am looking at TOTAL2, the index for the total cryptocurrency market capitalization excluding Bitcoin ... Calculated by Trading View...
Here we have some signals to look at that can reveal potential scenarios for the future of the altcoins market capitalization... Let's take a look:
First let's notice the "support trendline" which is now in play. If this trendline is broken we can expect TOTAL2 to move lower and test the 0.786 Fib. retracement support level from the last bullish wave. Staying above this trendline can lead to a bounce up and test of EMA10 (79) followed by EMA50 (88).
We also have a falling wedge pattern and a neutral RSI.
Our main scenarios are drawn on the chart.
We believe TOTAL2 will grow in the coming months with potentially only one last strong drop left.
What's your take on where this index is headed?
Share with us in the comments section below.
Namaste.
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.
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.
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: