Good and lovely day and fellow cryptocurrency trader... What a great start we are having to this Saturday with a very green Bitcoin. We just looked at BTCUSD Weekly, the article below, and commented on the bullish trend/bias and potential targets. See it here Daily, 24 hours per candle, we are now aiming to challenge again the All-Time High at $42,000 but...
We have the same chart for Bitcoin (BTCUSD) as we've been seeing before... After yesterday's candle close our view remains the same. The "strong resistance", marked orange on this chart, produced a strong rejection this time and is the level that needs to be conquered if Bitcoin is to go higher... Below this level, the $10,000 / $10,500 price range, we...
Bitcoin (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 17-November, we predicted that Bitcoin and all the major Altcoins would crash while the smaller Altcoins would grow, specially the Altcoins vs Bitcoin pairs. Hit LIKE to see below the previous charts: I Think We Go Up But Before Up We Go Down! Bitcoin $100,000 Soon! Ethereum Prepares For Correction (30% Drop Possible) Solana Prepares For Correction...
Bitcoin (BTCUSD) has shown massive resilience while it continues trading above MA200. Ethereum (ETHUSD) took the lead and Bitcoin followed. The weekly timeframe chart is also looking pretty good and we are likely to close above $50,000 (strong bullish) signal later on today. The weekly candle is yet to close and candle closure is needed for...
We love to mention that the entire cryptocurrency market is interlinked, all crypto-assets are connected. Getting back to our bullish bias/scenarios, it is clear that Bitcoin is super strong with many positive developments taking place. The fundamentals are really strong; think global crypto adoption and the technicals as well (BTCUSD is trading above all EMAs...
Bitcoin continues to be strongly bullish and all signals are pointing higher. Right now we have prices trading above EMA10 and growing slowly... The next target is set at $55,000+. The bears are nowhere to be found. The bulls are in full control. The chart is 100% bullish. We are likely to see higher prices in the days to come. Do you think Bitcoin can...
Bitcoin managed to break the $10,400/$10,500 barrier easy... Where are prices headed next? Ok. As soon as Bitcoin (BTCUSD) moved above EMA10/50, we quickly adapted to the market and saw $10,400 as the final target... This level rejected Bitcoin's growth in the past... See it below: July 21 | Bitcoin Goes Bullish... Where To Next? $9800 or $10,400? Now that...
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...
It seems like forever since we last had a bullish wave for Bitcoin, we've been seeing red since Nov. 2021. Now, things are starting to change! Today, we can see prices moving above EMA10 daily on a bullish note for the first time since September 2021. We use EMA10 as the main indicator to gauge a pairs bearish/bullish potential in the short-term. If prices...
We are technical analysts and we love the charts. We love the candles and the amazing tool that this is. Since you can get everything from the charts, hardly ever we take the fundamentals into account. Here is one exception though, we love Stacks as a project and we have been trading this pair for long. STXBTC (Stacks) hits a new high today compared to April...
This chart is very telling. Bitcoin weekly has been trading above EMA10 since July. Only one week it closed below EMA10 in September and then quickly moved back up. Right now, we have a very bad/strong bearish candle and prices are moving below this level, as I just mentioned, for the first time in many months. Don't you see that all hell is breaking loose? As...
We expected prices to increase based on some pretty basic signals looking at the 4h timeframe for BTCUSD... This moved took place ( see it here ). What happens next with Bitcoin? Let's have a quick look at the daily timeframe but once more keeping it simple... Simple is best. Bitcoin daily managed to close 'yesterdays' candle (23-June) above EMA10 and EMA21,...
BTCUSD (Bitcoin) dropped too fast... This is actually good news. With such strong on the drop, we can easily expect prices to recover. We can see a big green candle now moving back above EMA10. The next candle is likely to hit all the way up to EMA50 or MA200, marked on the chart. As Bitcoin bounces and goes up... The same will altcoins with the altcoins,...
Bitcoin, BTCUSD, on the weekly timeframe continues to aim higher... Let's have a closer look at the RSI, multiple milestones have been hit this week... Let's get into it. BTCUSD (W) RSI: Here we can notice that the RSI hit above 80 for the first time since December 2017 when Bitcoin hit it's All-Time High (ATH). When Bitcoin first hit this high on the...
My beloved cryptocurrency enthusiast, supporters, and successful traders... Here we have the Bitcoin Weekly chart. We looked at the 4H + Daily (D) timeframes earlier, shared below, and we saw the bears moving in and pushing prices lower... We read the charts perfectly and we hit our targets. Now, we know that each timeframe is unique and provides us with...
Just as we saw in our past two analyses, one reading the chart and the other one looking at support level targets, Bitcoins is starting to drop. Here we are looking at the 12H timeframe together with EMA21. The EMA21 indicator is another famous value used to chart cryptocurrency, Bitcoin/Altcoins, this is marked here with a blue line. Notice how the last cancel...
Just perfectly as we charted, Bitcoin went on to bounce to around $11,000/$11,300 before the next move. As the chart is looking now, Bitcoin can start to retrace or go a bit higher before... But just as Bitcoin hits local resistance and starts to test support, many of the altcoins are completing their corrections and ending up with a higher low. The market...