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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 MasterAnanda
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 MasterAnanda
1
BTCUSD Bybit Chart Analysis December 22 Hello. “Make it simple, make profit” It’s BitcoinGuide. Don’t forget to “Follow” me and press “Likes”. If you "follow" press, Only 30 Min chart , In real time, you can check major sections and move, Real-time "update I dea" can be checked. I will begin BTCUSD Bybit Bitcoin Chart Analysis for December 22. Bitcoin 4 hour chart. Today's approximate top price and bottom price are displayed. centered around the purple support line Red upward / sky blue downward movement path check I created today's trading strategy. This is a one-way long position strategy on the 30-minute chart. In the case of Bitcoin I haven't touched the support line for 30 minutes today. Touch completed up to the 1-hour resistance line. The 30-minute chart progressed to the MACD dead cross. 12 Hour / Daily Chart MACD Golden Cross is waiting It becomes a condition for strong rise. Please pay attention to the movement up to the top section according to the Nasdaq purple support line. In terms of the Ichimoku equilibrium, when the purple support line breaks Since the support line is open, it can fall strongly, A short position is an advantage. Within the convergence zone of the red resistance line / light blue support line If there is no movement, it is sideways. (when the main price is represented near the support resistance line) *At the red arrow path long position strategy 1. $16823.5 long position entry section / stop loss when breaking the light blue support line / $17221 long position target Variables may come out in the indicator announcement at 10:30 today In the case of Nasdaq, because the situation is similar to Bitcoin. It's not good to be pushed from your current position. Please note that my analysis is only for reference and use. I hope you operate safely with principle trading / stop loss essential thank you.
BYBIT:BTCUSD.PLong
by BitCoinGuide