MasterAnanda

MasterAnanda

This is 100% original content/analysis... Please hit LIKE to support this post. So, what is going to happen next with Bitcoin (XBTUSD)? Now I share analysis of the EMAs that I learned through experience... Here is the sequence: 1) XBTUSD (Bitcoin) breaks below EMA50 on the 9-May, by the 13-May XBTUSD is back above EMA50. In this case, EMA200 was hit (brown...

MasterAnanda

What is happening with Bitcoin (BTCUSD) now? (Please hit LIKE to support this trade idea) Looking at all the charts here on Trading View, we can easily say that we are having some really mixed feelings... Will prices go up or down? What about the chart signals, what are they saying? We have mixed signals because of how we read charts. Some signals are stronger...

MasterAnanda

Tomorrow the weekly candle closes for Bitcoin (BTCUSD)... It all depends on this. Notice the orange dotted and full trendlines on the chart above, then notice the current active candle... A strong close this week above orange line can send Bitcoin flying up... But a weak close below the orange dotted line can send Bitcoin lower looking for...

MasterAnanda

Here we are SHORT now with XBTUSD (Bitcoin) and we are going on 8X... Let's have a quick description of the above setup. 1) First, we have the higher low which we mentioned in previous articles. 2) Prices are now trading below EMA10 and we have decreasing trading volume, going lower and lower. 3) A recent rejection of prices while they tried to move and close...

MasterAnanda

Here I've mapped the Bitcoin (XBTUSD) chart for you. First, notice the trendlines... We have a lower high. EMA10 being challenged as support. Indicators trending down. Bounce completed. This setup can easily lead to lower prices. Make sure to have a plan if you decide to trade. This is not financial advice. Namaste.

MasterAnanda

Remember the bounce I mentioned in my last article? "As soon as this bounce is done... You can expect Bitcoin to drop some more." Right now we have a lower-high (bounce) on the daily timeframe which supports the bearish view. We have the trading volume going lower and the indicators starting to turn. Prices are still trading above EMA10, but the lower high and...

MasterAnanda

We can see Bitcoin (BTCUSD) breaking below EMA50 for the first time since April but the volume is much higher now than back then... Bear volume/RED. We can also notice a bearish cross of EMA10 and EMA50, signaling more low. After EMA200 was tested (brown line), a bounce is normal and expected. As soon as this bounce is done... You can expect Bitcoin to drop some...

MasterAnanda

Bitcoin loves surprises and prices are surely holding strength while remaining above EMA10 on resistance... But will it drop or will it go up? We've been biased towards a drop based on multiple factors but the basics still remain that prices are above EMA10 and MA200 and EMA300 have recently been conquered. We have also been seeing sustained bullish action and...

MasterAnanda

Bitcoin (BTCUSD) woke up bullish Wednesday and prices are starting to move up, this opens us up for a few questions like... But, what happens next with Bitcoin? We continue expecting a drop or we will now go bullish? Where is my stop-loss? 1) We are still looking at a lower high based on the candles wick but we have a higher high based on candle close......

MasterAnanda

The same chart we draw recently is still valid and fully playing out... Ankr Network will jump. Here we have the chart for ANKRBTC with massive bullishness taking form. First we have a break of all minor EMAs (EMA10/50/100). MA200 is being challenged as well. Trading volume is going up (high volume). The MACD is showing a bullish cross. The RSI is...

MasterAnanda

Bitcoin (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...

MasterAnanda

Recently we looked at Bitcoin ( XBTUSD ) short-term on the 1H timeframe, the chart was looking bearish. Here we have BTCUSD on the 4H timeframe and the bearish bias is gaining a bit of momentum now, still developing. Prices broke below EMA10 with the next target sitting at $8334 or EMA50. It is still early on this drop and the trading volume is still low but,...

MasterAnanda

I sent out an early signal about Bitcoin (BTCUSD) dropping... I know it is really early for many people but these are the signals coming from the charts. I am only reading the chart... The chart can always change and is always changing as each candle closes. At the time of writing, this is what I am getting from the BTCUSD (Short-term) 1H Timeframe chart. ...

MasterAnanda

Let's take a look at Bitcoin's ( BTCUSD ) peak prices since ATH in December 2017. First, we have Bitcoin's All-Time High ( ATH ) sitting at $19891.99. A higher low hit in June 2019 at $13868.44. Then we have a recent peak in February 2020 at $10522.51. On the 30th of April, another peak was hit at $9478.66. We are looking at lower highs. We have...

MasterAnanda

Few questions are starting to come up now that Bitcoin (BTCUSD) is clearly moving higher... - How far up can it go? - Where can we find the important support and resistance levels? We are looking at Bitcoin (BTCUSD) on the daily (D) timeframe We have really good trading volume, the bulls are now in full control. EMA300/MA200 fully conquered today....

MasterAnanda

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...

MasterAnanda

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...

MasterAnanda

Hello my fellow cryptocurrency traders, how are you feeling today? I would like to share with you a quick update on the overall look of the altcoins market, we are looking at all the Altcoins vs Bitcoin (ALTSBTC) pairs. We also put our focus mainly on all altcoins minus the TOP10, which move closer to Bitcoin rather than the smaller alternative coins which...