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Bitcoin Price Faces First Bearish Wave of 2021Bitcoin price levels were grooving with the positive volume provided by institutional buyers including Grayscale, Fidelity Investments, Massachusetts Institue of Technology, and many more following FOMO among the retails investors too. With the bulls embracing the world's largest cryptocurrency from the starting of the year, the price levels made new ATHs at regular intervals this month. However, the sole competitor of Bitcoin,i.e., the U.S. dollar, provided trouble to other financial markets consisting of commodities (Gold faced the loss of 1.50%) and the overall crypto market conditions. The U.S. Dollar has performed positively against several major other centralized currencies due to notable positive moves in U.S. bond yields hurting the other investing assets. The treasury yield curve has witnessed a significant increase within a short timeframe by 20-22 basis points. The basis behind this positive move is said to be substantially repressing of yields by Fed policy. The technical chart of Bitcoin has formed a falling wedge pattern due to the ongoing downtrend. The price levels faced negative breakouts below 20-EMA and 50-EMA, respectively. If the downtrend for the crypto king continues in the upcoming trading sessions, one can expect 200-EMA to be acting as a strong support line. On the contrary, a positive breakout from the falling wedge pattern can be an indication of a comeback of the bulls. The moving average convergence & divergence (MACD) faced a bearish crossover, and the levels are now below the signal line providing negative signals. The relative strength index (RSI) also faced a negative breakout to the oversold region and currently standing at 41.08. The directional movement index (DMI) also showcased bearish nature as -DI remained above ADX. Resistance Level: $42,000.00 & $38,700.00 Support Level: $33,000.00 & $28,600.00
COINBASE:BTCUSDShort
by tcr_thecoinrepublic
Bitcoin Weekly RSI Signals Growth Until May 2022 | 20,000 Next?!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 weekly RSI, it continued to grow straight for 550+ days. If we get similar action starting now, November 2020, we will see prices continue to increase with higher highs and higher lows until the year 2022 in May. Wow! Do you think is possible? Just wait, there is more... One of our readers left a comment telling about this Bitcoin rally, there is something different to it, we all get the feeling that it isn't "natural"... What is really going on? The last time we saw Bitcoin enter its bull-run mode, there was a tremendous amount of hype, lots of FOMO, and retail buyers jumping in by the loads, but this is not the situation we are witnessing these days... We have a very shy/inactive market, so why is there no correction, why does Bitcoin continues to grow every single day? It is very possible that big institutions or big Governments like the USA are buying Bitcoin by the boatload. When this is happening, there is no reason at all for selling, because if they are buying is for the long-term, they know that something massive is going on. Regardless of speculation, we continue to see Bitcoin move higher with no corrections at all... And with no retail/dumb money buying, this means that we are in a new cycle we haven't seen before. Bitcoin might be looking at really low prices right now and we might see $30,000, $50,000, $80,000, or more in the years to come... Of course, time will tell... But we know one thing for sure, Bitcoin always go 10X higher, than what most people think is possible for it to go. I recall those days when it was impossible to hit $3,000 for Bitcoin, at least that was what many were saying all across... Bitcoin surprised everybody and hit $20,000+. This might just be the beginning... With this simple indicator, the RSI, we are getting the signal that Bitcoin might be entering a new bull-run mode. What's your take? Leave your comments in the section below! Previous ideas: 1) Nov 12 | Bitcoin, I Got It Wrong How High Can It Really Go? Leave Comment 2) Nov 9 | Bitcoin Ascending Channel + Altcoins Market Update 3) Nov 8 | Bitcoin Love ❤️ Aims At $17,250 Followed by $31,285 4) Nov 1 | I ❤️ Bitcoin To $30K? Hits Highest Level Since Jan. 2018 This is Alan masters... Thanks a lot for your continued support. Namaste.
BITFINEX:BTCUSD
by MasterAnanda
2
Bitcoin Cut Through $10.5K Easy, Where To Next?! + AltcoinsBitcoin 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 is above this level, which we considered being very important, where are prices headed next? With high volume on yesterday's candle, a very strong RSI, and a bullish MACD, we can see BTCUSD easily aiming higher going to $13,000 or even $14,000 next. If prices move back down and close below $10,400/$10,500... We still remain bullish above the Moving Average lines on the chart. We remain strongly bullish with any action that happens as long as prices stay above EMA50. Yesterday's move is great for the entire cryptocurrency markets and signals big positive for the end of the year, Q4. We will also track the monthly closure as the bearish view I shared recently will be fully invalidated if we close above $10,500 this month (just a few days away). Altcoins Market Don't worry about the altcoins let them correct... We saw huge growth. It is normal to see a correction after such strong growth. After the correction is over, the altcoins market will also continue to grow. Remember we move in cycles, up and down, up and down, down and up... Enjoy the profits as they come. Make sure to diversify and hit LIKE to show your support. Namaste.
BITSTAMP:BTCUSD
by MasterAnanda
Bitcoin has formed Doji candle - High probability of reversalBitcoin has formed a triangle pattern on weekly and monthly timeframes and has reached the resistance levels. Bitcoin has formed Doji candle on weekly timeframe, Its a reversal sign and high probability of reversal from here. Bitcoin closing below 9300 levels on daily timeframe may be the confirmation of reversal and downtrend may be seen. Daily close above 10200 may be the confirmation of continuation of uptrend. So daily closing around 9300-10200 should be the levels to watch for any positional/swing trades. Total crypto market cap has also formed a triangle pattern and reached the resistance of upper trendline of the triangle pattern and formed a doji candle which indicates the reversal. Happy trading! Team MintingM
BITFINEX:BTCUSDShort
by JeeteshTipe
Bitcoin Aims At $8110? Final CallBitcoin (BTCUSD) continues to print lower highs with indicators (RSI and MACD) going bearish. Now that prices are once more going below EMA10 after a lower high, we are likely to test the next support... Meaning, EMA50 will break, and EMA100 at $8110 will be tested. If prices bounce, the orange trendline needs to be conquered first before additional up. This drop has been taking form for days now... This is our final call. Thanks a lot for your continued support. Namaste. ------------- Previous charts: 🅱️ Bitcoin Support Levels (4H Timeframe) ⭐️🅱️ Bitcoin Drop Takes Form (Support Levels + Signals) 1111 🅱️ Bitcoin Peak Prices Since All-Time High @$20000 (Lower Highs) 🅱️ Bitcoin Drop Starts Now?
BITSTAMP:BTCUSD
by MasterAnanda
3
Bitcoin Weekly "V Bottom" Moves Above EMA50 (Where To Next?)Bitcoin (BTCUSD) has been a slow recovery with slow and steady growth which is now turning into a "strong recovery". We have a "V-shaped" bottom and there was only one barrier left to know if Bitcoin would produce additional up. This resistance is at $7865 and is now being challenged on the weekly timeframe. Prices for BTCUSD are safely trading above EMA50 (magenta line) on bullish indicators. The MACD is showing a young bullish cross while the RSI is now sitting above 50. All the EMAs were tested and held as support, including MA200. If prices close weekly above $7865 (EMA50), we can easily see Bitcoin move higher and hit $9000+, which has been our target since March. Do you believe Bitcoin will continue higher or a drop is imminent? Share with us in the comments section below. Namaste.
BITFINEX:BTCUSD
by MasterAnanda
Bitcoin Prepares To Jump? $8000 As Resistance Next!Bitcoin (BTCUSD) is preparing to jump and will surely find resistance at ~$8,000 or MA200, marked on this chart with a black line. Prices for Bitcoin managed to conquer EMA50 so additional growth is possible. We have bullish indicators with low trading volume. While the trading volume is low, we are seeing green bar after green bar being printed... A strong jump can easily follow. Thanks a lot for reading. Remember to hit LIKE to support my work. Namaste.
BITFINEX:BTCUSD
by MasterAnanda
Bitcoin Dropping (Short-Term)Bitcoin Dropping (Short-Term) Bitcoin (XBTUSD) recently closed below EMA10 and now also EMA50 has been broken as support... With this break, prices can easily move lower and hit $5660. If $5660 breaks (red arrow), then prices can go even lower and hit $5250/$5300 short-term, depending on how this level is handled we can look for the next move, at that time we can share a new analysis if you are interested. Conditions for change If momentum shifts and prices go up and close above EMA50 or $6040 on this timeframe, we can consider the retrace over and that prices will resume the uptrend (green arrow)... Thanks a lot for your support. Namaste.
BITMEX:BTCUSD.P
by MasterAnanda
Bitcoin Rising? Potential Bounce In-Play (10X Lev. Trade Inside)Bitcoin's (BTCUSD) retrace gained momentum last week but hit a stop yesterday when the 0.5 Fib. retracement support was hit... This level is clearly marked on the chart. Here we have Bitcoin retracing on low-volume with prices now bouncing after reaching support. BTCUSD moved and closed below EMA200, MA200, and EMA100 just to quickly move back above these levels. If the daily candle closes above $8626 we have a positive signal, earning momentum for the bulls. We are active here with 10X lev... You can find the full trade details below: Where do you think Bitcoin is headed? Do you think that prices will bounce here and resume the uptrend, or fakeout and continue to drop? Share with us in the comments section below! Namaste.
BITFINEX:BTCUSD
by MasterAnanda
Bitcoin Rising? Potential Bounce In-Play (10X Lev. Trade Inside)Bitcoin's (BTCUSD) retrace gained momentum last week but hit a stop yesterday when the 0.5 Fib. retracement support was hit... This level is clearly marked on the chart. Here we have Bitcoin retracing on low-volume with prices now bouncing after reaching support. BTCUSD moved and closed below EMA200, MA200, and EMA100 just to quickly move back above these levels. If the daily candle closes above $8626 we have a positive signal, earning momentum for the bulls. We are active here with 10X lev... You can find the full trade details below: Where do you think Bitcoin is headed? Do you think that prices will bounce here and resume the uptrend, or fakeout and continue to drop? Share with us in the comments section below! Namaste.
BITFINEX:BTCUSD
by MasterAnanda
Bitcoin Aims At $8,888, How Long Before The Drop?Bitcoin's retrace still hasn't taken its full form, it is a process still in the making (developing...). After what appeared to be a bullish signal when prices moved and closed above EMA10, a rejection quickly followed yesterday and now prices are back below this level. EMA10 is now sitting at $9761.8. We continue to see lower highs being printed and really low volume. If volume remains low, you can expect the "drop" or retrace to be slow and not so strong... But if volume starts to come in, we will see a big drop towards EMA100/MA200, sitting in the $8821.8 to $8900 price range. Unless prices for BTCUSD move back above EMA10, we remain bearish, open for change, and expecting for the altcoins (smaller ones) to continue to gain. Thanks a lot for reading. This is not financial advice. Previous analysis | S&P 500 Index Incoming Drop | Heading For 3258 21-Feb. | Bitcoin Continues Lower, $8950 Next? Support & Resistance Mapped 16-Feb. | Bitcoin Weekly | EMA10 Likely To Be Tested At $9000-$9150 16-Feb. | Bitcoin Aims At $9740 Followed by $9250 (Bearish Signs) Namaste. -- Gold (XAUUSD) Continues Super Bullish | $2,222 Next?
BITFINEX:BTCUSD
by MasterAnanda
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.
BITFINEX:BTCUSDShort
by MasterAnanda
1
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.
BITSTAMP:BTCUSD
by MasterAnanda
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.
BITSTAMP:BTCUSDLong
by MasterAnanda
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.
BITMEX:BTCUSD.PLong
by MasterAnanda
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.
BITSTAMP:BTCUSDLong
by MasterAnanda
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! ------------- 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.
BITSTAMP:BTCUSDLong
by MasterAnanda
2
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.
BITSTAMP:BTCUSD
by MasterAnanda