We are looking at a potential head & shoulders pattern which together with other signals confirms a bearish Bitcoin. Right now we have prices moving below EMA10 for BTCUSD on increasing volume. The MACD has been trending lower and lower giving out multiple signals in the form of bearish divergence. The RSI is trending down strong. All these signals...
Let's be honest... This looks or not bearish to you? We have a horrible weekly candle. The weekly candle still has 24 more hours before it closes but as it is now it doesn't look good. Above $63,000 on a weekly close would look way, way better and we wouldn't have a strong bearish signal in place. As it looks now, it is not good. If Bitcoin closes bearish...
Another one of the big buys, Ethereum (ETHUSD), is also aiming lower... What do you think will happen when big money flows out of Bitcoin, Ripple, and Ethereum? Where is this money going? The smaller altcoins of course... We are talking about thousands and thousands of altcoins. --- Back to Ethereum... We can see prices moving below EMA10 and the exact...
Altcoin Moon Mission: $3-4 Trillion Market Cap Imminent? Total Altcoin MarketCap The total crypto market cap chart (excluding CRYPTOCAP:BTC & CRYPTOCAP:ETH ) just hit a local top. I'm expecting some healthy consolidation or dip ahead to the 0.5-0.618 fib level. That would form an ideal accumulation zone before the next altseason breakout! Remember - dips...
XLM slinging to rise strongly. In the inside pitchfork you can get an idea of the rizing angle. On the chart, it is one of the best positioned to rise soon among altcoins.
Hello Fellow Traders, We are currently witnessing/participating in historic times BTC is currently trading at new levels of support trading around 50K USD, i personally don’t believe we are in a Bear season even though The US Dollar is being Printed more than ever. Right now the Crypto Fear & Greed Index is at extreme Fear as people are scared to buy when it's...
Today we see a strong rebound for Bitcoin right after the weekly candle close. A few simple questions come to mind right away, let's have a look at those. 1) Is the correction over? 2) How to know if this rebound is real or false? Technical analysis can answer those. Bitcoin had a bearish close on the daily and weekly timeframes, in 2 days we will have the...
Wait... Don't get too comfortable... Remember that one? Retraces and corrections have been non-existent for Bitcoin... Or better yet, short-lived. We are seeing strong consolidation take place near resistance. When prices are going to drop, they drop. Staying near resistance is a signal of strength. Based on this chart, BTCUSD 1H, we are likely to see higher...
Good Sunday my fellow cryptocurrency traders and happy 4th of July... Despite all the negative news going around... Despite all the Fear, Uncertainty and Doubt... All the FUD. Bitcoin Weekly remains positive... Possibly. It is the last day of the week and another candle closes today. We are looking at EMA50. After 77 days, this level continues to hold as...
The term Altcoin stands for “alternative to Bitcoin'' or “alternative coins”, basically these are digital currencies similar to Bitcoin. Altcoins are profitable and have their own goal but these are not as costly as Bitcoin. Due to the lower value and higher ROI, altcoins have become the favourite of investors. One thing that needs to be mentioned here is that...
We looked at the Bitcoin Dominance Chart (BTC.D) as well as XBTUSD, both charts are showing signals of a peak being reached, which means that a retrace/correction should be taking place now. In a bullish cycle, when Bitcoin takes a pause to breathe, retrace, and correct, the altcoins do not follow, they simply build up and start to pay. IT IS THE ALTCOINS...
Bitcoin Aims At $50,814 Short-Term + Altcoins Update Not much has changed since the last analysis and the bears remain in full control of the BTCUSD 4H timeframe chart. We are very likely to get a continuation of the short-term downtrend and see Bitcoin aiming at ~$50,000 soon. We can say it is likely to get there within 48 hours. Altcoins Update The...
We are witnessing a potential higher low taking place for Bitcoin and this is something we were expecting. In our last analysis, we mention "a small retrace before higher prices"... This is the handle in the pattern above. The C&H pattern is considered bullish and can lead to higher prices. We have weak volume. Mixed indicators and overall a feeling of...
When it comes to the chart signals and dynamics, they can always easily change. Remember that we have a multitude of "mixed signals". The longer Bitcoin stays above EMA10, the weaker the bears become. The longer Bitcoin stays near strong resistance, above $19000 in this case, the stronger the bulls case becomes. If Bitcoin drops and closes below EMA10...
Starting a few weeks back we are seeing strong bullish action coming from the small-cap. altcoins on all major exchanges. We saw really strong action taking place first on KuCoin, then Bittrex and Binance are also showing some pretty strong numbers for many pairs. Yesterday we saw THETABTC go beyond the norm, while SOLVEBTC did the same. Today we also have many...
In a bullish market/bull cycle, altcoins go down while Bitcoin goes up. Let me show you something that you are most likely very familiar with... The chorus goes like this: When Bitcoin moves up strong, the altcoins tends to crash. When Bitcoin moves down, the altcoins tends to crash. When Bitcoin goes sideways, the altcoins tends to crash. Lately,...
*Title: #BTC Dominance Breaks Support: Altseason is Here! 🚀** Description: In this video, we dive into the latest market movements confirming the onset of #altseason. As Bitcoin dominance (BTC.D) breaks through its critical support line, altcoins are set to take the spotlight with explosive growth potential. Join us as we analyze: 1. **BTC.D Breakdown:**...
The Bitcoin discount is now fully live but we are likely to continue lower, based on the chart technicals. We are having Black Friday and then Cyber Monday Bitcoin Discounts on BTC. Here let me share with you multiple analysis from earlier this month (the are all bearish): I Think We Go Up But Before Up We Go Down! Bitcoin $100,000 Soon Do You Think...