MasterAnanda

MasterAnanda

We will keep this one short and simple. This is the weekly (W) timeframe for Bitcoin (BTCUSD). The week still has two more days to go but we are seeing the current price below lasts week's low, which is set at $18100. The current price is also lower than the week before last week's close, which is set at $18192. This is the candle with the #9 on top. This...

MasterAnanda

My friends, Bitcoin is now looking like it can easily test EMA50 as the next support level... EMA50 is sitting at $16700. Typically, when we use the MAs as an indicator for support, the price doesn't stop exactly at the MA line but instead, a wick is left behind. So, if Bitcoin is to continue lower and test EMA50, we are likely to see a wick that goes to...

MasterAnanda

Another one of the big buys, Ethereum (ETHUSD), is also aiming lower... What do you think will happen when big money flows out of Bitcoin, Ripple, and Ethereum? Where is this money going? The smaller altcoins of course... We are talking about thousands and thousands of altcoins. --- Back to Ethereum... We can see prices moving below EMA10 and the exact...

MasterAnanda

For those wondering the chart for Ripple (XRPUSD) still remains the same... The bears are starting to jump and this is visible when you look at the lower highs. Prices are now starting to move below EMA10 and the indicators are trending lower and lower. It would take a strong move up to cancel out the bearish bias this chart is developing. The next targets,...

MasterAnanda

It is now looking more and more likely that Bitcoin (BTCUSD) is headed towards ~$16,500 on the next bearish move. This move has been in the making since late November and recently we are getting additional confirmations from the charts. Here we are looking at Bitcoin Daily and we can see prices moving below EMA10... EMA10 has been holding strong for the entire...

MasterAnanda

When it comes to the chart signals and dynamics, they can always easily change. Remember that we have a multitude of "mixed signals". The longer Bitcoin stays above EMA10, the weaker the bears become. The longer Bitcoin stays near strong resistance, above $19000 in this case, the stronger the bulls case becomes. If Bitcoin drops and closes below EMA10...

MasterAnanda

Hello, my favorite cryptocurrency trader... Here we go again. I will keep this one short because I am on "vacation", AKA, reading, studying, exercising, and work... Anyways, we already know that Bitcoin (BTCUSD) is now bearish as well as Ripple (XRPUSD), the same is happening with Ethereum (ETHUSD). We can see prices moving below EMA10 just before the day...

MasterAnanda

I am still bearish on Ripple vs U.S. Dollar (XRPUSD) and I believe that the drop is about to pick up momentum. Look at the MACD: This can spell disaster ahead. Also notice that prices are currently challenging as support EMA10. After a lower high compared to the first test of EMA10 as support, 26-Nov., this can signal that the next level will be tested,...

MasterAnanda

Hello my fellow cryptocurrency trader, how are you feeling today? I've been saying lately that Bitcoin has been tough on TA. What's this means is that some of the signals that are usually very accurate tend to be ignored. A peak/top is something that sometimes isn't 100% clear right away. We can see Bitcoin reaching a peak and falling strong the next day......

MasterAnanda

Just recently I did an analysis on the Bitcoin monthly timeframe chart. We looked at the TD Sequential indicator and how we always get a higher high on a positive 9 after the 8... This can be seen here: I would like to look a bit deeper into the Bitcoin monthly candles and why we are likely to go down before more up... within the month. This is something that...

MasterAnanda

Bitcoin is now ultra bullish on the bi-Weekly timeframe... Take a look at the chart above... BOOM! We are going for the All-Time High this time for sure! Do you remember my Bitcoin montlhy analysis? Bitcoin Monthly $300k | TD Sequential (8+9 = 1 = Higher High) To be honest, the $300k is irrelevant at this point, this is just a clickbait but the analysis is...

MasterAnanda

Today is Sunday and we are seeing Bitcoin (BTCUSD) moving back above the EMA10 ($17856) green line. After testing EMA21 as support, this level clearly holds, its price is now resuming the strong and steep bullish action we were enjoying before. We know that the entire market is strongly bullish because we have Bitcoin growing together with the Altcoins....

MasterAnanda

BTCUSD (Bitcoin) dropped too fast... This is actually good news. With such strong on the drop, we can easily expect prices to recover. We can see a big green candle now moving back above EMA10. The next candle is likely to hit all the way up to EMA50 or MA200, marked on the chart. As Bitcoin bounces and goes up... The same will altcoins with the altcoins,...

MasterAnanda

Still no retrace... No correction... No more TA. Bitcoin likes to surprise! Bitcoin always goes against the herd. If we are all thinking that this is over and Bitcoin needs/has to drop... Then Bitcoin becomes aware and says, "Oh well, I'll continue going up!" With a 100% bullish chart and nothing more to analyze... On the 24th of November of the year...

MasterAnanda Updated 

Do we have two additional bullish/green months/candles coming for Bitcoin? Yes... According to this pattern. Notice how in the past, each time the TD Sequential hit a positive eight (8) a positive (9) always followed, and then a one (1) that hit a higher high before any form of retrace. At the present time, we have a positive eight (8) in November... If the...

MasterAnanda

The amazing Bitcoin continues to move straight to 20K... Not really much more to say. Our altcoins, the smaller altcoins and some of the bigger ones as well, also continue to move higher, following Bitcoin on this day. How high can it really go? When we looked at Bitcoin weekly a few weeks back, we mentioned $30,000 after $17500... Daily we are now aiming...

MasterAnanda

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...

MasterAnanda

The TD Sequential for Bitcoin on the monthly timeframe is showing additional room for growth. The RSI is extremely strong. I got it wrong every single time on the bearish perspective, so I want your honest input on this one... How far up can Bitcoin really go? This is not a rhetorical question, I truly want to know your opinion as to how high Bitcoin can...