MasterAnanda

MasterAnanda

We are still getting mixed signals from Bitcoin ( BTCUSD ), lots of uncertainty right now surrounding the cryptocurrency and global markets. On the chart above, we can notice that the trading volume is really low, making sudden/surprise moves even more probable than before. Even though Bitcoin is bouncing, trading above EMA10 and slowly creeping up, the market...

MasterAnanda

Bitcoin (XBTUSD) continues with a slow but consistent recovery from the strong mid-March drop, prices hit EMA50 ($7302) today. EMA50 is an important level in the daily timeframe, breaking above it can send Bitcoin higher up. Right now prices continue to increase but the trading volume is still low, so we need to be cautious as things can turn fast here with...

MasterAnanda Updated 

Bitcoin ( BTCUSD ) has been consolidating while prices remain above EMA10, EMA50, and EMA100, telling us that the bulls have the upper hand. We can also see the ascending triangle pattern which also leans towards the bulls. We can also see the ascending triangle pattern which also leans towards the bulls. A breakout might happen soon... Where do you think...

MasterAnanda

The S&P 500 (SPX) is now starting to bounce. The sellers are exhausted according to the indicators and we are seeing a strong jump taking place today. We have more details on the chart above. We believe that prices can bounce before producing one final strong drop, but it all depends on how these support and resistance levels are handled, we remain open to all...

MasterAnanda

Bitcoin Dropping (Short-Term) Bitcoin (XBTUSD) recently closed below EMA10 and now also EMA50 has been broken as support... With this break, prices can easily move lower and hit $5660. If $5660 breaks (red arrow), then prices can go even lower and hit $5250/$5300 short-term, depending on how this level is handled we can look for the next move, at that time we...

MasterAnanda

We waited for the weekly candle to close for BTCUSD (Bitcoin) to see if prices would either close above or below MA200 at $5524... MA200 failed to hold and now EMA300 ($4740) is being challenged... What happens next? The trading volume is really strong on the drop, it is the highest since November 2018 and there is surely additional room for a drop. If prices...

MasterAnanda

Good Saturday my fellow cryptocurrency trader, how are we feeling today? We are waiting for the weekly candle closure for the next Bitcoin (BTCUSD) weekly (W) update. While we wait, let's take a look at the daily (D) timeframe, here I marked the different important resistance and support levels on the chart, we are also going to be using longer period EMAs......

MasterAnanda

We've been warning for many, many months about the upcoming Bitcoin drop. Our target always has been around $5,500+ before the 2020 Bitcoin Halving, followed by sustained long-term growth. Just as we expected, Bitcoin (BTCUSD) dropped and is now looking for support. THE GOOD NEWS Just as we saw the BTCUSD hitting $5,555, after the halving we will see prices...

MasterAnanda

It's been a while since my last analysis on the XRPBTC (Ripple vs Bitcoin) chart... This is one of our favorites. XRPBTC printed a higher low on low volume... This retrace is coming to an end. Many other altcoins pairs have a similar chart, a strong retrace that produced a higher low, and ended up in a strong bullish breakout, this can happen for Ripple as...

MasterAnanda

Bitcoin's (BTCUSD) retrace gained momentum last week but hit a stop yesterday when the 0.5 Fib. retracement support was hit... This level is clearly marked on the chart. Here we have Bitcoin retracing on low-volume with prices now bouncing after reaching support. BTCUSD moved and closed below EMA200, MA200, and EMA100 just to quickly move back above these...

MasterAnanda

Bitcoin's (BTCUSD) retrace gained momentum last week but hit a stop yesterday when the 0.5 Fib. retracement support was hit... This level is clearly marked on the chart. Here we have Bitcoin retracing on low-volume with prices now bouncing after reaching support. BTCUSD moved and closed below EMA200, MA200, and EMA100 just to quickly move back above these...

MasterAnanda

Bitcoin (XBTUSD) just produced a higher-low compared to late January and is starting to show early signals of a bounce... Let's take a look. 1) Marked with light blue we can see the higher low (HL). 2) Prices are now trading above EMA10. 3) The RSI is above 50. 4) Prices are starting to move higher... We only need some additional volume to confirm this move. ...

MasterAnanda

We know many of you are really interested in the smaller altcoins... The altcoins market continues to grow stronger and in bullish potential, here is what will happen next. Now, before we get started, it is always necessary to make this small but very important distinction when we talk about Altcoins. Conventional analysts here talk about Bitcoin and...

MasterAnanda

The cryptocurrency market is filled with amazing people, extremely smart and open-minded but also ultra-bullish, and it is surely un-popular to post/write/share that Bitcoin will drop. Being an eternal Bitcoin Bull, I've learned this through experience over time and if you post lots of "bearish/short" analysis for Bitcoin, the public stops reading what you wrote...

MasterAnanda

XBTUSD (Bitcoin) is now trading below MA200 and EMA200 on the 4H Timeframe, signaling that the bears are now gaining control. Prices have been slowly dropping since a peak was hit on the 13-Feb. There is the possibility that this becomes a strong correction, the biggest one before the halving but this is yet to fully confirm. So far we have a normal retrace and...

MasterAnanda

Bitcoin's retrace still hasn't taken its full form, it is a process still in the making (developing...). After what appeared to be a bullish signal when prices moved and closed above EMA10, a rejection quickly followed yesterday and now prices are back below this level. EMA10 is now sitting at $9761.8. We continue to see lower highs being printed and really...

MasterAnanda

Here we have XBTUSD ( Bitcoin ) short-term (1H timeframe). Right now we are seeing volume slowly rising with prices moving above EMA100 (blue line). The next barrier is sitting at $9841 (MA200) followed by $9980 and $10185 (fib.). If prices move lower, we are looking first at EMA50 at $9691 as support followed by $9500... We are looking bullish right now. Namaste.

MasterAnanda

We now have Bitcoin (BTCUSD) fully retracing with a full bearish candle close below EMA10, signaling that prices can easily continue lower... But, what happens to the altcoins? In our view, we have mainly three markets when it comes to Altcoins vs Bitcoin. First (1), we have Bitcoin vs the Dollar (BTCUSD). Second (2), we have the Top10 Altcoins (ETH, XRP,...