Alan Masters is wishing you an amazing year in this 2020.
Wishing you lots of wealth, health, and success.
Wishing the best for you and loved ones, now and always.
Thanks a lot for your continued support.
Namaste.
We 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...
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....
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...
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...
Bitcoin (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...
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...
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...
Ethereum is under pressure on Tuesday, with short-term bulls taking back control of the cryptocurrency below the $180.00 support level. Going forward, the ETHUSD pair still has a strong correlation to Bitcoin, many altcoins are also breaking lower. Overall, a bearish head and shoulders pattern with strong downside potential has been triggered on the lower time...
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...
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...
Bitcoin'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)...
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...
Bitcoin's bulls showed themselves really strong last week when they bought everything below EMA50 and pushed the price above EMA10 in one single candlestick.
Bitcoin (BTCUSD) was trading below EMA10 ($9170) and fell below EMA50 ($8012) to reach a low of $7293... As soon as this low was hit, Bitcoin had a very strong bounce and the bulls now are back in control......
After a fake breakdown Bitcoin is now undergoing some really massive bullish action and additional growth is possible and happening now.
On the chart above we can clearly see a fake breakdown of support in the form of the moving average (EMA300/grey bold line)... EMA200 (orange) was working as resistance but was also broken with Bitcoin now trading above...
TRON (TRXBTC) has been growing since hitting a low in early September. We can see a clear uptrend forming with higher highs (HH) and higher lows (HL) being printed.
The volume is increasing gradually and the price stays above support (EMA10 and EMA50).
Looking at these signals tells me that this pair is very likely to continue growing... Not only for a few days...
Bitcoin (BTCUSD) hit a low on the 30-Sept. and has been printing higher lows since... Looking at this setup, a new possibility emerges.
After the strong drop around the 24-Sept., the bear volume has been low and Bitcoin recently managed to break above EMA10 on the daily timeframe.
Above EMA10 gives us bullish potential...
Now that EMA10 has been conquered,...
Bitcoin (BTCUSD) reached a peak price in late June... Old news, and moved down to test EMA10...
After some consolidation, EMA10 was broken and now Bitcoin's price is trading just above EMA50.
Looking at the bearishness of this chart, EMA50 can breakdown next just as EMA10 broke.
If this level breaks, the next support is sitting at around $6,350 or EMA100.
From...
