Bitcoin Starts To Retrace | How Low Can It Go?Bitcoin (BTCUSD) is starting to retrace based on the 4H timeframe chart... Let's take a look...
But wait, before we go there, here is our full Bitcoin (XBTUSD) SHORT trade:
Now, for Bitcoin (BTCUSD), prices are now moving below EMA10, which would switch our potential from bullish to bearish if the current candle closes below this level. EMA10 is sitting right now at $9722.4.
We have bearish divergence with the MACD and RSI.
And we also have trading volume going lower while the MACD is showing a bearish cross.
So we have multiple signals pointing to a drop.
Do you agree with this analysis?
Make sure to hit LIKE before leaving a comment!
Thanks a lot for reading.
Namaste.
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Bitcoin Starts To Gain Momentum | $8,000+ Or $10,000 Next?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 timeframe, 12H, we are seeing a break of EMA50 (yellow) and EMA10 (green) already conquered, which is strongly bullish. (EMA50 needs candle closure for confirmation).
This move is just developing (taking form), if the candle close is strong, Bitcoin will continue going higher.
Here you can find additional information on a shorter timeframe (4H) | Bitcoin (XBTUSD):
Thanks a lot for reading.
Namaste.
Bitcoin Prints Strong Bullish Divergence | The Low Is In?Bitcoin has been consolidating downwards for the past three weeks while holding the low from the 25th of November. Today, a new low was hit at $6425 with a 4H candlestick now starting to show increasing volume and bouncing back up, is the low in?
Here is the 4H chart:
On the daily (D) timeframe, which is the main chart above, strong bullish divergence is showing up with the MACD And RSI.
These are early signals but Bitcoin (BTCUSD) might have hit its low.
We have been waiting for Bitcoin to start growing in December...
We remain bullish long-term.
The altcoins continue to grow even while Bitcoin is having strong retraces and drops... This is only the beginning, the cryptocurrency markets will grow in late 2019 as well as in 2020, 2021 and beyond.
Thanks a lot for reading.
This is Alan Masters.
Namaste.
Bitcoin Bullish Inverse Head & Shoulders | $8500+ Now Possible!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 First?
You can find additional information on the chart above.
We are active with a trade with 8X leverage.
Hit Like if you would like to see the full trade.
If this trade idea receives 111 likes, we will know there is enough interest and share the full trade details (buy-in, targets, stop-loss, capital allocation, and more).
Thanks a lot for reading.
Namaste.
Bitcoin To $10k P.t 3 | iHead & Shoulders (Support & Resistance)Bitcoin (BTCUSD) is following perfectly my chart from the 21-Nov., where we spotted the potential for a bounce at $6500 and saw Bitcoin going to $10000+ next month.
You can see it here:
Now, Bitcoin is printing the classic Inverse Head & Shoulders pattern, with the right shoulder being formed on increasing volume.
To provide additional and useful information, I also added the Fib. support and resistance levels for this next move.
Bitcoin (BTCUSD) Support & Resistance Levels
Support: $7188, $7044, $6840, $6640, $6515
Resistance: $$7370, $7850, $8220, $8750, $9600, $10136
The bold orange line is the "neckline" for the iH&S pattern. Above this line, Bitcoin can make a strong move to the upside.
Below the neckline, the pattern can easily become invalidated and we see Bitcoin go lower.
My view
I am of the bullish view and I believe Bitcoin will move higher in December 2019. Now the chart signals are fully starting to support this view.
Here is my previous analysis with an update on the Altcoins market bullishness and growth:
Thanks a lot for reading and for your continued support.
Namaste.
Bitcoin To $10,000+ In Dec. Pt.2 | Altcoins Market UpdateBitcoin (BTCUSD) starts to bounce and we have good volume coming in. Our last trade idea mentions a $10,000+ Bitcoin in December 2019...
You can take a look at it here | Bitcoin Going To $10K December | Will It Go Lower First?
BTCUSD Early Bullish Chart Signals
Above-average volume coming in for the bulls (Needs daily closure for confirmation).
Hidden bullish divergence on the RSI.
Reversal candlestick being printed...
These signals still need more time for confirmation, but Bitcoin is looking like its ready to change course and start to climb up.
Conditions for change
Naturally, if the last low at $6515 is broken, the above signals become invalid.
Altcoins Market Update
The Altcoins market continues to grow. Today we are having some really, really massive bullish action for many altcoins pairs.
We saw this coming months ago and appreciate your continued support... Now we can enjoy the profits.
Much more will come, here are some charts with recent results:
PATIENCE IS KEY!
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DATABTC (+1387%)
KEYBTC (+360%)
SNMBTC (+205%)
NAVBTC (+156%)
WPRBTC (+12%)
You can expect the altcoins vs bitcoin pairs (ALTSBTC) to continue growing for a very long time...
This is Alan Masters...
Thanks a lot for your continued support.
Namaste.
Bitcoin Going To $10K December | Will It Go Lower First?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 additional bearish action before Bitcoin bounces and starts to move up.
The low can be set late Nov. or early Dec. with the goal of reaching $10,000+ after Bitcoin bounces and starts to move back up.
This is just one scenario, my main view at the moment... Additional details can be found on the chart.
Thanks a lot for reading and for your continued support.
Namaste.
Bitcoin Sideways w/ Bullish Tendencies Continues | More AltcoinsBitcoin (BTCUSD) continues with its sideways consolidation as you can see on the chart above. The trading volume is really low so a strong move can happen anytime...
On top of the sideways action, Bitcoin is leaning more towards the bulls... Why?
Multiple of our signals remain bullish, for example, the RSI is above 50 and BTCUSD is trading above EMA10, but the trading volume is so low that a breakdown is as likely as a breakout. Anything can happen with this low volume.
We keep the same view as our chart for Bitcoin vs Tether (BTCUSDT), you can see it below:
As long as Bitcoin remains within the light blue zone, additional sideways action is expected.
The altcoins continue to grow, hitting higher highs and higher lows... Bitcoin is doing strong consolidation, we remain bullish until the signals turn.
Conditions for change
If Bitcoin moves lower and closes below EMA10 ($9213) or EMA50 ($9107), its bearish potential is activated and we look for the next support.
In the meantime, we are on the bull's side and continue to enjoy the altcoins growth.
What's your take on where Bitcoin is headed?
Share your thoughts with us in the comments section below.
Namaste.
Bitcoin Weekly | New ATH After... $6.3K or $4.7K 2020 Bottom?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 this level, we can expect a strong bounce and a nice run until Bitcoin's price starts to drop in preparation for the 2020 Halving hype. This bounce can push BTC over $11,111...
The halving will be promoted as an event that will push Bitcoin to new highs and many beginners will start buying en-mass... Bitcoin will crash hard and only after the halving it will start a new slow and steady growth process.
This is of course just one scenario based on past history, chart signals, and experience.
After EMA100, we also have EMA200 (orange) & MA200 (black), these are the strongest support levels based on these indicators and where the reversal happened back in December 2018.
It is also possible that MA200 is tested again and I believe this to be the lowest price possible for Bitcoin in 2020. That is around $4700 USD.
I am not saying that Bitcoin will go this low next year, instead, if EMA100 does break then this is very likely where the bottom will be.
I think the ~$6000 area is very important in deciding if Bitcoin goes lower or if it reverses... It all depends on how this level is handled.
There will be lots and lots of changes coming up worldwide in 2020. There will be many life-changing events affecting each and every one of us.
So it is hard to go that far without knowing how big and with who is going to be the next war.
After the 2020 low is hit... Bitcoin (BTCUSD) will move to new highs and grow for years to come.
That's my prediction...
Don't think so?
Do you agree?
Well... If you have so much to say... Please share your charts and thoughts with us in the comments section below.
Namaste.
Bitcoin Showing Early Signals of Reversal | Next Target $8.2kBitcoin (BTCUSD) is showing early reversal signals.
We can see its price now moving above EMA10 and gaining momentum.
If this movement continues, we can expect Bitcoin to hit $8,088 easily followed by $8,200 after.
The $7800 - $7900 range is where we can now find strong support. If prices move lower, this will be a very important level.
Right now, Bitcoin is now aiming higher but we still need to see some volume for this move to be strong.
Patience is key...
Thanks a lot for your support.
Namaste.
Bitcoin Retrace Over?Bitcoin (BTCUSD) took a two days break and is starting to bounce.
It is challenging EMA10 right now after a false breakdown below the 0.786 Fib. retracement level from the last bullish wave.
If BTCUSD can remain above EMA10 ($8057), this is a good signal telling us that it is likely to go higher.
But if BTCUSD moves below $7993 (0.786 Fib. retracement support), it can easily below lower (red arrow).
To the upside, the next target is sitting at $8168 followed by $8225 (short-term).
Depending on how these levels are handled, we focus on what happens next... What's your take?
Namaste.
BITCOIN Strong Consolidates | ALTCOINS Market Full UpdateBitcoin (BTCUSD) did not move to 9k, which is obvious, it continues consolidating within a range...
Sideways Bitcoin = Altcoins Growth
My previous analysis on Bitcoin remains valid (you can see it below), we now proceed to take a look at the Altcoins growing more and more.
Bitcoin (XBTUSD) Moving Aries | $8.6 -$9k | Short-Term Full Moon
ALTCOINS Market Update
We enter mid-October 2019 and the altcoins market is now used to seeing green.
We are seeing so much bullish action going on with the altcoins, that even the smaller capped ones, those seen on exchanges such as Poloniex, HitBTC, and Bittrex, are starting to produce really massive gains.
I am looking daily at dozens and sometimes hundreds of charts... This is what I am seeing:
Growth that we haven't seen in years. Normally we would have a bullish wave every few months just as we have a bearish one. These bullish waves produced nice gains but nothing compared to what we are seeing now. We are seeing really strong bullish action for these altcoins with most of them bounce from new All-Time Low (ATL). This ATL is really important and a huge signal... Once the altcoins reached new All-Time Highs (ATH), they started to fall and went down for almost 2 years. So this is a bigger cycle... The bigger bullish cycle is already on its way, so we are very likely to see the altcoins grow for years (hitting higher highs and higher lows all of the time).
Indicators and charts giving out signals that are super bullish. Normally we look at EMA10, as a basic and simple indicator, to gauge the bullish potential of a chart. This indicator shows the average price in 10 periods... Now, we are seeing many of these altcoins pairs, some even bottomed out, above EMA50 and EMA100. When you see this... You know that the next move to the upside is going to be strong. Signals such as these are now common throughout most charts.
I've shared many of our altcoins results... I hope you saw them... Some are already at 500%+, 400%+, 300%+, etc. And these are the ones we caught, there are many more pairs printing such gains with the charts looking like they can continue doing more and more...
Overall, this is just the beginning of the BULL CRYPTOCURRENCY MARKET... So just as we saw and benefitted from all these opportunities, many more will come.
Remember to stay calm and take your time before you make any decision related to trades.
If you rush you can make mistakes. But if you have patience, stop, go out, come back and check again, your mind will be clear and it will be easier to achieve success.
For any questions feel free to use the comments section below.
This is Alan Masters.
Thanks a lot for your continued support.
Namaste.
Bitcoin opens positiveBitcoin has opened the new trading week with a more positive tone, as the number one cryptocurrency stabilizes above the $8,100 level. A break above the $8,600 resistance level should support an important technical test of the $9,100 level this week. A bearish break under the $8,100 support level could see the BTCUSD pair falling quickly towards the $7,500 level this week.
The BTCUSD pair is only bullish while trading above the $8,600 level, key resistance is located at the $8,810 and $9,100 levels.
If the BTCUSD pair trades under the $8,600 level, sellers may test towards the $8,100 and $7,500 support levels.
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.
Bitcoin Still Aiming At $7,700 | Hit Or Bounce To $9.2K?Bitcoin (BTCUSD) is still aiming lower. We have a short since $8200 and we think our remaining two targets will hit...
Bitcoin is trading below EMA300 on the daily time frame, so another leg down might happen before testing resistance back up... Here is the chart:
Below you can find the full details of our trade, remember that this is HIGH-RISK and not financial advice .
Leveraged trades are intended for advanced/experienced traders only. If you are a beginner, stick to the altcoins on Binance, Bittrex, Huobi, Poloniex, HitBTC, etc.
Thanks a lot for your support.
______________
Trade: SHORT XBTUSD (Bitcoin)
Leverage: 6X
Buy-in: $8,050 - $8,150
Targets:
(1) $7,900 |Hit (+14.58%)
(2) $7,800
(3) $7,700
Stop-loss: Close 4h candle above $8,195.
Liq. price: $9,652
(Buy-in calculated at $8,092)
Potential profits: 30.5%
Capital allocation: 6%.
______________
Make sure to hit like for more and to show your support.
Use the comments section below for questions and to share your charts.
Namaste.
_____________
Previous analysis | Bitcoin's Next Move Short-Term ($7,700 or $9,200?)
Bitcoin Short-Term (1h) Drop | $8,000 or $8,122?Bitcoin (BTCUSD) is trading below EMA10 and gaining momentum on the 1h timeframe.
EMA50 is also being broken now and we marked the next target.
Support is found next at $8218, which is the 0.382 Fib. retracement level from the last bullish wave.
The next support that follows if the above breaks are $8122 and finally $8027.
On the way up, Bitcoin needs to break $8293 in order to be able to move higher.
Right now it is moving lower... Hit LIKE if you like the short-term analysis.
Namaste.
Bitcoin 9K Not Yet Confirmed? From Bullish To NeutralBitcoin (BTCUSD) isn't out of the bear hands yet short-term, the move to $9000-$9200 isn't confirmed, but why?
As you can see in the chart above, Bitcoin is still trading below EMA10, which is now sitting at $8547.
For Bitcoin (BTCUSD) to signal bullish potential short-term, we need a close above this level. Since Bitcoin is trading below it, it has the potential to continue dropping or consolidate some more before its next move.
$7,700 Is now the main support that needs to hold short-term for Bitcoin to bounce on a drop.
If Bitcoin starts to move down, this is the level to watch...
If this level holds on a drop, you can expect a quick bounce and move up.
If Bitcoin drops and $7,700 breaks, we can expect it to move lower.
The RSI hit its lowest since November 2018 and is hovering near the weak/oversold range.
Volume is weak and favoring the bears.
Bitcoin is now consolidating its last drop... And what happens while Bitcoin consolidates?
...The altcoins continue to grow...
Conclusion
We are now neutral on Bitcoin short-term with sideways-bearish tendencies. After EMA10 has been conquered, we look at Bitcoin from a bullish perspective on this timeframe.
Where do you think Bitcoin will go?
Visit my profile for many, many, many more trade ideas for you to enjoy...
Thanks a lot for reading.
Namaste.
Bitcoin Weekly Closes Below EMA10 | Bear Mode Is IN! | $7,929?Bitcoin (BTCUSD) just closed below EMA10 on the weekly timeframe, let's get back to the basics... Back to keeping it simple...
Above EMA10 = Bullish potential
Below EMA10 = Bearish potential
Bitcoin's bearish potential has been activated on this timeframe, if BTCUSD remains below EMA10, it is very likely to move lower and test EMA50, which is now sitting at $7929.
There is strong support at around ~$9,000 which needs to break first before EMA50 can be tested as the next support.
For Bitcoin to reverse, the first barrier to break is a close above EMA10 ($10,070). After this level is broken, we can consider higher targets on a bullish perspective.
Right now we are looking bearish.
Thanks a lot for your time.
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.
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.