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Bitcoin | The Best Course Of Action Now | What To Do?Bitcoin (BTCUSD) is now in correction mode from the bearish wave... What is likely to happen next? The conventional markets continue to look bad and ready to crash. We have tons and tons of inflammation (or inflation?), the war is just another catalyst that can make the markets unpredictable everyday. So what to do, what is the best course of action? We have been bearish for long but nothing goes straight down or straight up... Prices will fluctuate but with all this uncertainty, it is better to sitout, step-back, wait for things to unravel and only jump back in when the all the drama/noise is gone. Late March the latest... Spring... Thanks for the continued support. Namaste.
BITFINEX:BTCUSD
by AlanSantana
Bitcoin to the HELLBITCOIN is already getting WEAK ,day after day and week after week ! it couldnt break the 69 K. I predict Bitcoin going down to my TARGET mentioned on the graph which is a ZONE : from 13 k to 10 k . I see that the buyers lost hope in the market,they stoped pushing the price higher because the BIG Sellers took the place which made it tough for Bitcoin to break the 69 k Resistance. so,I think it's currently the wrong time to continue buying ,otherwise it's a perfect time to SELL. Good Luck and Be Safe.
by BeUrself
Bitcoin Local Resistance +How To TradeBitcoin (BTCUSD) has reached local resistance, we can see this thanks to the candlestick charts. Notice back in Jan. 26, we have a strong rejection at "Local resistance". Yesterday afternoon, BTCUSD hit the same level, marked in yellow here, just to be rejected again on two long upper wicks. We also have a lower high recently compared to 26-Jan. If BTCUSD can break above local resistance on the 1H timeframe, we can expect higher prices (green arrows). Staying below resistance can signal that lower prices are possible (red arrow). How To Trade? This is a very easy setup. One can short this setup with a close above the local resistance as the stop-loss and the last low as target. This is not financial advice. Remember to build your own plan and do your own research before trading. Thanks for reading. Namaste.
BITSTAMP:BTCUSDShort
by AlanSantana
Bitcoin Looking Better, Falling Wedge Pattern + AltcoinsBitcoin is looking better and better, patience is key. We are looking at the 4H timeframe and we have a beautiful falling wedge pattern. We can see the current candle moving above the upper trendline of this pattern. (Confirmation only comes after candle closure one hour from now). There is potential to move higher. You can visit yesterday's trade ideas below for additional information. Altcoins Market Update I've been looking at some Altcoins, mainly ALTSBTC, and we have mixed charts, the opportunities need to be fished out. We have many Altcoins retracing short-term but still trading within higher lows and getting ready to turn. I would say it can take just a few days to a maximum of 2 weeks before we start seeing very decisive bullish action. Get ready! Be prepared! Thanks a lot for your support. Namaste.
BITSTAMP:BTCUSDLong
by AlanSantana
2
Bitcoin 4H Daily Short-Term Update (Bullish)Bitcoin is looking good short-term across multiple timeframes... The 1H timeframe is looking good as mentioned in our previous trade idea, we have a rising channel with higher highs. Now, the 4H timeframe is also looking good. As BTCUSD is trading above EMA10, EMA21 and EMA50, we see a bullish breakout happening now. The cup pattern is now in full display signaling that our low/bottom is already in. The MACD looks good above zero/bullish. The RSI is super strong. Slow and steady and we believe it will start to speed up. Conditions for change We remain bullish above the 10-Jan. low at $39558. Any trading above this level we are bullish. If prices move below $39.5K we start to consider the bearish scenario. We are bullish now. Enjoy. Namaste.
BITSTAMP:BTCUSDLong
by AlanSantana