AlanSantana

AlanSantana

BTCUSD (Bitcoin) weekly just closed last week on a bearish candle, sending out a reversal signal. On BitFinex prices peaked at $10,491 after breaking above EMA10 and EMA50. Now that momentum is being lost and a bearish candle has been printed on low volume, these same levels that worked as resistance will now be tested as support. On the weekly timeframe,...

AlanSantana

XBTUSD (Bitcoin) is now looking full bearish with multiple bearish signals in the making... Let's take a look at those: First we have a break of EMA10 and EMA50 as support. Prices are now trading below this level switching our potential from bullish to bearish. Bearish cross between EMA10 and EMA50. Bearish RSI, trending lower. Bearish MACD. Monday's...

AlanSantana Updated 

Here we have the BTCUSD (Bitcoin) chart, where some bearish signals are starting to develop. First, Bitcoin (BTCUSD) started to move up breaking resistance after resistance until it reached $10,517.20. After hitting ~$10,500, multiple bearish signals started to develop. We have a high volume bearish candle printed 13-Feb., signaling that a drop is coming. ...

AlanSantana Updated 

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...

AlanSantana

Bitcoin (BTCUSD) managed to break and close above MA200 for the first time since Oct. 2019... Giving us a very strong bullish signal... Where to next? Bitcoin hit a low on the 18-Dec. '19 and after we only see prices moving higher and higher, producing what we call slow-steady growth. The major trendline that started with the 29-Jun. '19 peak has also...

AlanSantana

It is no secret that Bitcoin is dropping now... Many altcoins continue to grow... Bitcoin ( BTCUSD ) just broke below EMA10 and is aiming at $8000 - $8100 next. This price range coincides with EMA100 (purple) and EMA50 (yellow)... This looks like just the beginning of the drop. The MACD is looking bearish as well as the RSI. We were expecting this drop as we...

AlanSantana

We saw the low volume coming in yesterday and took it as an indication that the bulls were likely to start losing control, we also have a falling wedge and my indicators started to turn... Today, Bitcoin ( BTCUSD ) is moving lower. Yesterday's candle gave out a strong bearish signal and EMA10 has been tested as support. Our next target is sitting at $8215 but...

AlanSantana

We are looking at bearish divergence on both the MACD and RSI, while Bitcoin (XBTUSD) moved down and close below EMA10. Bitcoin peaked and is retracing now. We can see that EMA50 ($8594) is working as support. If this level breaks, we are likely to see Bitcoin move lower and hit the $8276 - $8128 price range. We have both indicators trending down as well as a...

AlanSantana

Bitcoin is now aiming at $9099 or MA200 on the daily timeframe, we looked at this indicator multiple times in the past as our main target for this current bullish move... The question is this, will Bitcoin go higher and hit $10,350, last high, or start falling after hitting MA200? Right now we are starting to see volume come in for BTCUSD, which is very...

AlanSantana

Bitcoin ( BTCUSD ) is now facing resistance at EMA200 or $8146, this is the brown line on the chart. In an earlier article, I explained how we use the Exponential Moving Average lines to determine what will happen next and so far this indicator has been of great help... This is a learning article, you can see it here: Bitcoin (XBT) Classic Elliott Wave ABC...

AlanSantana

We looked at the Bitcoin Dominance Chart (BTC.D) as well as XBTUSD, both charts are showing signals of a peak being reached, which means that a retrace/correction should be taking place now. In a bullish cycle, when Bitcoin takes a pause to breathe, retrace, and correct, the altcoins do not follow, they simply build up and start to pay. IT IS THE ALTCOINS...

AlanSantana

We are seeing some really good bullish action from Bitcoin and many are wondering what will happen next! The altcoins have been growing in the tune of 100-200%, and many growing 300-500% and even more... As these many altcoins pairs and project correct/retrace, money flows out and moves to Bitcoin as Bitcoin grows. The Bitcoin Halving event is expected to take...

AlanSantana Updated 

Wishing you a great Sunday in this beautiful 2020... Please allow me to show you why I believe Bitcoin is about to produce a relief rally and move up. Here we are looking at Bitcoin (BTCUSD) on the weekly timeframe and we will focus our attention on the EMAs and past history for this analysis. Let's get started! EMA100 As Resistance, Now Support Back in April...

AlanSantana

Bitcoin (BTCUSD) is slowly conquering multiple resistance levels at once... Let's take a look at those: 2020 Started with a Bang! for Bitcoin after a low was set at $6853, followed by MA200 (black line) conquered and prices moving up all the way to $7402... The growth stopped there (light blue square) which is where EMA200 (brown line) is sitting. After...

AlanSantana

We've seen this pattern before... Bitcoin had a strong drop after EMA50 had a bearish cross with EMA300, then the BTCUSD chart produced the "3 Heads Pattern" which can lead to a very strong increase in prices... Let's take a closer look. On the left side of the chart, we can see the sequence completed. To our right, only the final jump chasing MA200 is...

AlanSantana

The Bitcoin Bulls are now taking the lead... A very nasty drop yesterday, today turns into a fake breakdown that can lead to a very strong bullish signal called "Bullish Engulfing, this signal is confirmed after the daily candle closes above $7175. Here is the daily chart for Bitcoin with the signal highlighted: We also have a bullish flag and EMA10...

AlanSantana Updated 

Alan Masters is wishing you an amazing year in this 2020. Wishing you lots of wealth, health, and success. Wishing the best for you and loved ones, now and always. Thanks a lot for your continued support. Namaste.

AlanSantana

We have been tracking Bitcoin (XBTUSD) closely basically on all timeframes and considering multiple scenarios... Here we are looking at it again short-term, 4H (4 hours) per candle. We put our focus on MA200 (black line) because it is a strong indicator for Bitcoin on this time frame. You can see all of the details about it here: Now, this level has been...