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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.
BITSTAMP:BTCUSDLong
by AlanSantana
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.
BITSTAMP:BTCUSD
by AlanSantana
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.
BITSTAMP:BTCUSD
by AlanSantana
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.
BITSTAMP:BTCUSD
by OctaFX_Official
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.
BITSTAMP:BTCUSDLong
by AlanSantana
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.
BITSTAMP:BTCUSDLong
by AlanSantana
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?)
BITSTAMP:BTCUSD
by AlanSantana
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.
BITSTAMP:BTCUSDShort
by AlanSantana
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.
BITSTAMP:BTCUSD
by AlanSantana
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.
BITSTAMP:BTCUSDShort
by AlanSantana
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.
BITFINEX:BTCUSD
by AlanSantana
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.
BITSTAMP:BTCUSDLong
by AlanSantana
Bitcoin Bearish IN ShortTerm (Aims at $11000 or Lower) +AltcoinsBitcoin (BTCUSD) is showing multiple bearish signals on the 4H time frame. We are looking at a bearish MACD, line, and signal. The RSI is also on the bearish side but moving around support. Before Bitcoin can move any lower, it first needs to break EMA100 ($11077), only if this level can be broken, BTCUSD is to move lower and test the $10,600 - $10,400 range. We mention this support level in our previous long-term update: Conditions for change: If Bitcoin (BTCUSD) moves up and closes above EMA10 ($11,405), it increases its bullish potential and chances to move higher, the above bearish signals would become invalid. Feeling the market: The feeling I am getting from the market and Bitcoin is that it can take a few days before it makes its next move... Some sideways action is possible leaning more towards the bears. We easily see Bitcoin's price moving in the $11,100 to $11,600 range, before breaking any resistance or support level. We can see it moving up but more consolidation before anything big comes... That's the market feeling at this point. What about the Altcoins: After all the bleeding for the ALTSBTC pairs, they will start to move again but it will take a few weeks to see them move in full force. The summer, the big hit... it will take people sometime before confidence returns... But at this point, if you are smart, all you are doing is BUYING, REBUYING, MORE BUYING AND RELOAD. Namaste.
BITSTAMP:BTCUSD
by AlanSantana
2
Bitcoin Bounces In, Aims At 10.5k Or 11.3k? (#1 All-Time TOP)Bitcoin (BTCUSD) retraced strong... We caught the last peak, now we are seeing that a new low has been set... ----- Before we get started we would like to thank all of our readers, supporters, and followers, and Trading View as a company, its staff, and support, for ranking Alan Masters now as the #1 All-Time Top Cryptocurrency trader and analysts... I am deeply honored... Thanks a lot for continued the support. ----- Feel free to hit LIKE and let's get started with the chart analysis... Bitcoin 4H Time Frame Bitcoin can surely move up from current levels, I've drawn the main scenario I see developing on the chart above. Let's take a look at why and at some of the main signals below: Looking at the RSI We can see a huge decline, I mean massive after the top on the 5th of August, it reached oversold yesterday, massively oversold down to 13.88... Bitcoin tends to bounce when it reaches such levels on the RSI. The purple arrow marks the hidden bullish divergence. This shows up when the trend is up (Higher lows)) while the indicator is down (Lower lows). After the dashed red trendline is broken, you can expect the RSI to move higher and higher. Looking at the Bollinger Bands and Bullish Candlestick Here we can see that Bitcoin (BTCUSD) touched the outer part of the Bollinger Bands, to quickly bounce. The price always trades within these bands... This is a great indicator. On the bounce a bullish candlestick formed. You can see it marked on the chart. The large wick at the bottom means the rejection of sellers. High volume is good, supports the bounce. Also supports the bounce back into the Bollinger Bands as well as the bullish candlestick and break above EMA5. So unless the bears do a massive push down and break the last low set, Bitcoin is very likely to move higher from here and challenge the next resistance levels. Feeling the market: As you can see, multiple signals are pointing towards a bounce here but it is very likely we will see some range-trading or sideways action first. This sideways action will allow for the altcoins market to grow (ALTSBTC). The last low can still be broken to shake out some more weak hands, but we can expect the $9100 support to be a very strong one if this happens. After some decent consolidation, we can analyze the next move which right now feels up. Altcoins Market Update: Yesterday's drop was massive for Bitcoin yet we can see that the Binance and Bittrex altcoins, the ones we mainly look at, remain consolidating on support and continue printing bullish charts. All of these will have a massive bullish explosion soon. The market sentiment needs less than 3 weeks right now to fully change. We will see the altcoins market move from extremely bearish to extremely bullish... It will be a drastic change. As for us... Thanks a lot for your continued support. This is Alan Masters. Namaste.
BITSTAMP:BTCUSD
by AlanSantana
Bitcoin Clearly Going For $10,551 If This Criterion Is Met (IN)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 yet to close, but if BTCUSD closes below EMA100, it is very likely to move lower. Our next target is sitting at EMA50 which is now $10,551. This is the level where Bitcoin will find support next if it closes bearish today. MACD and RSI are leaning towards the bulls. The RSI is gaining momentum down and signals a strong drop incoming. Here is the chart: You can see our previous analysis with altcoins market update below... Still valid: Bitcoin Bearish Short-Term (Aims at $11,000 or Lower) + Altcoins Bitcoin Looking To Retrace, $10,400 Possible, Full Analysis! Bitcoin Weekly Update (Bullish vs Bearish Potential) Feel free to hit like if you want to show us some support. Thanks a lot for reading. Namaste.
BITSTAMP:BTCUSDShort
by AlanSantana
1