Bitcoin (XBTUSD) continues to print weakness while many altcoins are printing strong charts vs Bitcoin... We are likely to drop. On this chart we have the MACD going below zero while the RSI is now below 40, both looking bearish. Prices managed to close below EMA10, EMA50, and EMA100. We also have multiple lower highs... Even on a bounce, strong resistance is...
Let's have a look at the indicators for Bitcoin (BTCUSD) Weekly (W). Here we have the RSI and STOCH on the same chart: - The STOCH is showing lower highs and trending down. - The RSI looks strong but is facing resistance right now after a lower high. - Both indicators are showing good potential for going lower. The MACD is also starting to show a curve: With...
Will Bitcoin sideways continue? We continue to see massive bullish action happening for the altcoins market (all altcoins minus TOP10). The altcoins vs bitcoin pairs continue growing and many are printing strongly bullish charts. The best scenario for the altcoins to continue growing is Bitcoin Sideways. Bitcoin Sideways & The Altcoins Market Bitcoin...
In my last trade idea for Bitcoin (XBTUSD), looking at the 4H timeframe, I gave you the direction where Bitcoin was headed next... Now, I would like to share with you the next target (being a bit more specific). Here are the support levels where Bitcoin can find resistance if prices continue to drop: 1) $9125 2) $8800 3) $8600 These are short-term...
Bitcoin (XBTUSD) is likely to continue lower here. The initial move on the 11-June confirmed the drop, now we are seeing a follow up develop after a bounce. Bear volume is moving higher and the indicators are starting to look weak. Prices breaking below EMA50 and MA200 is also another strong bearish signal. Prepare for lower prices. Namaste.
Great Wednesday my fellow human and cryptocurrency trader, how are you feeling today? The content below was published 19-May... What's your take? Please use the comments section below after reading it... ---------- We've been looking at many of the Altcoins vs Bitcoin (ALTSBTC) pairs and many are set up to explode, meaning, they are about to jump in...
Ethereum (ETHUSD) is looking bearish now and a strong signal has been printed... Hit LIKE and let's get started! Take a look at the highlighted candled (yellow) on the chart... This red/bearish candle is also high volume and signals that ETHUSD can easily move lower now. We also have another bearish candle developing now with prices moving below EMA10. When...
Yes... Are we bullish now on Bitcoin? What needs to happen first for our view to switch from bearish to bullish? What's your view? Share in the comments section below... Reading The Charts One of the most common mistakes I made while learning to chart was to ignore the signals. Sometimes I got so caught up in my own bias, that I ignored all the signals...
Is Bitcoin (XBTUSD) moving back up? Looking at the chart above, short-term, we can see Bitcoin breaking and staying above each resistance level in the form of EMAs. We can see prices testing the support level on a long-wick then moving back up while printing higher lows... This can be a short-term bounce for another try at $10,000 - $10,500+ We have a...
We have the same chart for Bitcoin (BTCUSD) as we've been seeing before... After yesterday's candle close our view remains the same. The "strong resistance", marked orange on this chart, produced a strong rejection this time and is the level that needs to be conquered if Bitcoin is to go higher... Below this level, the $10,000 / $10,500 price range, we...
We are of the same view here with Bitcoin (XBTUSD) printing a lower high and now closing below EMA10... Prices can drop lower. The immediate support is sitting at $9333 or EMA50, this is the next level to look at if Bitcoin moves lower. Followed by $9174 or MA200. Additional support levels are marked with blue dashed lines. The immediate resistance is now at...
We looked at Bitcoin (BTCUSD) on the daily timeframe on a longer-term perspective, our followers started to wonder what would happen in the short-term... Bitcoin 4H, Here We Are! We have Bitcoin (XBTUSD) moving higher. The price is trading within a rising wedge and this looks like a bounce. The blue area marked above the current price stands for "strong...
What similarities can you notice when looking at the Bitcoin Peaks? Can you see it? I am a Bitcoin and cryptocurrency bull, permabull as many would say... But, here we have this chart, Bitcoin ( BTCUSD ) and even though so many people are bullish, I am still not convinced. Not based on my imagination, but based on this chart and what I can see... Here is...
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Holo (HOTBTC) just moved out of a low volume All-Time Low... This can be the first signal on an upcoming change of trend. We are looking at the 2D (2 days) chart here, the signals are stronger than the classic daily (D) chart we normally use. Prices can easily start to move up, especially when you take into consideration the strong bullish sentiment that is...
Bitcoin (BTCUSD) peaked at $10,074 on the 7-May and prices are now trading near the $9000-$9300 price range. Bitcoin is no longer trading near resistance, now it is going towards support. I saw some signals out of the charts and technicals that are really strong and pointing to a drop. Mondays can be bloody for Bitcoin so please be cautious. The potential...
Starting a few weeks back we are seeing strong bullish action coming from the small-cap. altcoins on all major exchanges. We saw really strong action taking place first on KuCoin, then Bittrex and Binance are also showing some pretty strong numbers for many pairs. Yesterday we saw THETABTC go beyond the norm, while SOLVEBTC did the same. Today we also have many...
We are already active with Theta Token (THETABTC), I shared multiple charts and trades here for you throughout the months... Now, we've entered the bullish phase, how much farther up can it go? Honestly, I don't know... But I can do some maths, some thinking and come up with some potential targets based on my experience with past history and past results. ...