AlanSantana

AlanSantana

The Bitcoin (BTCUSD) bounce is now full on and taking place as we hoped to see based on the 11-Sept. "Short-term strange signal" ... Would you like to go deeper? Hit LIKE and read below... How to improve your trading? How to trade and make money but also continue with your personal and spiritual growth?! THE NEWS, TRADING, PERSONAL GROWTH & SPIRITUALITY...

AlanSantana

In my latest BTCUSD article I mention that it is easier to profit from the bullish/growing crypto/altcoins market by holding rather than "jumping" around from coin to coin, which can lead to some gains but in the end one can lose. It is better to buy and hold and wait for your turn to come. Let me detail this strategy for you in 3 simple steps. Feel free to...

AlanSantana

Bitcoin (BTCUSD) has shown massive resilience while it continues trading above MA200. Ethereum (ETHUSD) took the lead and Bitcoin followed. The weekly timeframe chart is also looking pretty good and we are likely to close above $50,000 (strong bullish) signal later on today. The weekly candle is yet to close and candle closure is needed for...

AlanSantana

Hardly ever I look at the Ethereum (ETHUSD) chart since both Bitcoin and Ethereum tend to move together. Whatever I see happening with Bitcoin normally is also true for Ethereum. For example, notice the bullish wave from July 21 to August 23, exactly the same for BTCUSD and ETHUSD. Things are different right now. Ether (ETH) just moved ahead of Bitcoin and...

AlanSantana

Bitcoin (BTCUSD) peaked 23-August. Its price just broke below EMA10. (This is a bearish signal) The MACD peaked 15-Aug. We have lower highs, red histogram and downward momentum... Here is the chart: The RSI peaked 30-July and it has been printing lower highs since... Here is the chart: In conclusion, first the RSI peaked, later the MACD and finally...

AlanSantana

Giving you the Good, the Bad and the Ugly... This is the bad/ugly part. This chart set up reeks of SHORT (red). The target is marked on the chart. This is not financial advice. Only trade if you know what you are doing and have experience. This is a short-term move and not intended to reflect any long-term perspective as to where the Bitcoin price is...

AlanSantana Updated 

We love to mention that the entire cryptocurrency market is interlinked, all crypto-assets are connected. Getting back to our bullish bias/scenarios, it is clear that Bitcoin is super strong with many positive developments taking place. The fundamentals are really strong; think global crypto adoption and the technicals as well (BTCUSD is trading above all EMAs...

AlanSantana

I would like to have a look at a very strong/possible bearish scenario and how we Bitcoin supporters can deal with it if it comes to pass. Looking at the Bitcoin weekly chart since the beginning of 2020, we can see that the worst period took place when the Covid product was launched. This is reflected as a strong drop from $10,500 to $3850 that lasted 3-5 very...

AlanSantana Updated 

Every single day we are reading/having more and more news show up with mayor players across all industries opening up to Bitcoin and cryptocurrency or preparing to do so. They all plan to be ready this year (Q4 2021). This phenomenon literally spreads across all industries, from Art to Food, to Finance, Real State, Leisure and more. But something that has a more...

AlanSantana Updated 

I will not say it again... Patience is key. Bitcoin went on a strong wave and hit $48190 to later print a very small correction. This correction only lasted 4 very short days and this is something completely normal. These assets, Crypto/Altcoins, do not move in a straight line instead they swing following a trend. From July 20 to July 30, we saw very...

AlanSantana

We have the same chart here we looked at on August 4, Ethereum aims at $6000 (see it here) . We have really strong technicals in favor of the bulls/green side. The consolidation has been really strong with the price staying above the blue space on the chart (our "last barrier"). The price not dipping lower is a good/positive signal. The longer we have this...

AlanSantana

Here we have a daily (D) timeframe chart for Bitcoin (BTCUSD). Each one of these candles stands for 24 hours. The big bold black line on the chart stands for MA200. Bitcoin is in a very strong bullish move right now and currently trading above EMA10, EMA50, all EMAs and also this MA200. We remain strongly bullish above these level. Before we can even think of...

AlanSantana

MA200 is the resistance level in play. This is the deciding point. Bitcoin moved above this level followed by a very quick retrace (3 days) and today it is decisively moving back up (with strong/bullish indicators as support). The daily candle is closing in 1 hour and 30 minutes. We will have a strong close above MA200 (the black line on the chart) if we can get...

AlanSantana Updated 

I have to be honest with you as I always am... There are some indications that do worry me and there is a potential for Bitcoin to stop growing at this point, I mentioned this in my previous article for IOTXBTC. But the chart is on our side and this all changes if BTC can move and stay above MA200 on the daily timeframe, that's around the $45,250 price level....

AlanSantana

There is one small but very important detail that we all need to keep in mind and that is the taproot upgrade coming to the Bitcoin network in November 2021. Once this upgrade is implemented we can see Bitcoin go as high as $100,000 or even hit $250,000 to $300,000 late in 2021 or Q1 2022. All those Bitcoin holders, traders, buyers, supporters... Rest...

AlanSantana

Bitcoin's daily candle today is turning out really strong... We have a new target now. We were aiming at $44,440 for BTCUSD to hit short-term but looking at how bullish the chart is behaving now we have to adapt and update our perspective. The day is yet close, this can be considered a disclaimer. If we see Bitcoin closing above $40600 today we are going to...

AlanSantana

We've been looking at Bitcoin lately and neglecting Ethereum and other Altcoins... What a surprise to see the ETHUSD chart. Join me for some cryptocurrency chart related entertainment. Ethereum (ETHUSD) Daily TF Chart Analysis by Alan Santana ETHUSD is now facing resistance while slowly but steadily moving higher... We can see a strong resistance level...

AlanSantana Updated 

Some people are already giving up on Bitcoin... Don't join them. Just be patient, it will recover. Namaste. P.S. Altcoins (ALTSBTC) growing as promised.