MasterAnanda

MasterAnanda

Bitcoin (BTCUSD) remains bullish on the monthly timeframe. We are not used to seeing a "long-term" bearish Bitcoin. We are not used to seeing Bitcoin consolidate/go lower for months. There was only one occasion where Bitcoin went negative for six months straight. That was between August 2018 and January 2019... What followed was the BTC 2019 bull-run which...

MasterAnanda

Bitcoin (BTCUSD) is trading below EMA10 and gaining momentum on the 1h timeframe. EMA50 is also being broken now and we marked the next target. Support is found next at $8218, which is the 0.382 Fib. retracement level from the last bullish wave. The next support that follows if the above breaks are $8122 and finally $8027. On the way up, Bitcoin needs to break...

MasterAnanda

Bitcoin (BTCUSD) isn't out of the bear hands yet short-term, the move to $9000-$9200 isn't confirmed, but why? As you can see in the chart above, Bitcoin is still trading below EMA10, which is now sitting at $8547. For Bitcoin (BTCUSD) to signal bullish potential short-term, we need a close above this level. Since Bitcoin is trading below it, it has the...

MasterAnanda

Bitcoin's (BTCUSD) bounce is starting to take form. We can see a new higher high on the 4H timeframe, as well as a break above EMA10. This candlestick that is open now closes in a few minutes for confirmation. Trading volume is low which is normal on a weekend/Saturday, but we can clearly see an ascending triangle (not drawn) and a broken bearish flag. These...

MasterAnanda

Bitcoin (BTCUSD) is now moving within a descending channel, going lower. Now I am seeing a potential bounce in place or further drop. Bitcoin can easily move lower, according to the chart above, but a bounce is also very likely. As for the mid $6,500 price (I am looking at the $6200 - $6500 range), I am looking at this level for Bitcoin (BTCUSD) to fully...

MasterAnanda Updated 

Today's drop makes it clear that Bitcoin (BTCUSD) is going to retrace as we were expecting... But how much lower can it go? Let's take a look at Fibonacci proportions for answers... Bitcoin reached a peak in late June completing a move that started back February 2019... As it moved lower, it found at the 0.382 Fib. retracement level from the last bullish wave....

MasterAnanda

Bitcoin (BTCUSD) just closed below EMA10 on the weekly timeframe, let's get back to the basics... Back to keeping it simple... Above EMA10 = Bullish potential Below EMA10 = Bearish potential Bitcoin's bearish potential has been activated on this timeframe, if BTCUSD remains below EMA10, it is very likely to move lower and test EMA50, which is now...

MasterAnanda

In my last update for Bitcoin ( BTCUSD ) I mentioned "bearish tendency", because Bitcoin has been moving lower since it hit a peak on the 26-June, we can easily see lower highs being printed... But since the 28-July, we are also seeing higher lows. This is all a period of consolidation but Bitcoin can still move lower before moving back up. Now, the signals... ...

MasterAnanda

Bitcoin Is Solid & Strong Yes! Bitcoin sideways has been activated with a little bearish tendency. Bitcoin has been moving lower while consolidating since it hit a peak on the 26-June... Ufff, time does not fly... So Bitcoin went from ~$3,200 all the way to ~$13,900 in 6 months... Since June until today Bitcoin moved from a peak of $13,880 to a strong $10k......

MasterAnanda

Bitcoin (BTCUSD) just broke with a big red candle below support... This is no surprise as we were expecting a drop. On the chart above you can see the different support levels (blue) and resistance levels (magenta). This breakdown just started so it needs time to develop... Here you can see our full trade for this setup, here you can find specific details for...

MasterAnanda Updated 

If you followed my recent trade ideas for Bitcoin (BTCUSD), you are aware that we were expecting this drop and went SHORT short-term. Multiple signals were pointing to a drop, namely: BTC moving below EMA10. Peak hit on the 6-Sept. Bearish indicators. Altcoins market time to move up. You can see all the details by clicking on the image below: Now,...

MasterAnanda

Bitcoin (BTCUSD) can easily move lower... According to the signals coming from the chart above. My last analysis showed that the signals were weak and that Bitcoin could move down since it was rejected for the fourth time by strong resistance... You can see the full analysis here: Now, we are going to have a shorter-term look at the chart. Bitcoin (BTCUSD)...

MasterAnanda

Bitcoin's rise to the top has been stopped by heavy resistance... Let's take a look at the chart together and see what will happen next and the different potential scenarios... Feel free to hit like to show some support. Bitcoin Daily (1D) Chart Analysis by Alan Masters Good Saturday, let's start by calling our attention to the "Purple trendline", notice...

MasterAnanda

I am looking at TOTAL2, the index for the total cryptocurrency market capitalization excluding Bitcoin ... Calculated by Trading View... Here we have some signals to look at that can reveal potential scenarios for the future of the altcoins market capitalization... Let's take a look: First let's notice the "support trendline" which is now in play. If this...

MasterAnanda

Our next target remains at $11,150 - $11,300 based on my previous analysis, which is playing it nice. Right now we are seeing a strong bounce for Bitcoin (XBTUSD) after hitting EMA10. We can see good volume and momentum building up. Above EMA10 we aim for our next target at $11k+. If Bitcoin moves lower, we look again for $10,500 (EMA10), followed by $10,100 -...

MasterAnanda

Bitcoin (BTCUSD) is showing a low volume bounce while trying to break slowly above EMA10. We are seeing multiple signals that are pointing to move up but multiple resistance levels are to be taken out first. The blue trendline is the main resistance that needs to be broken for Bitcoin (BTCUSD) to move higher. If this level breaks, we aim at EMA50 ($10278)...

MasterAnanda

Here is a quick chart for you guys, my beloved readers... I appreciate your support. We are doing 8X on Bitcoin (XBTUSD) and we are aiming for $11,300 or higher. Our last trade idea played out and we hit higher than our first target which was sitting at $10,650, Bitcoin went up all the way to $10,800 on BitMEX... Looking at the action Bitcoin is having now, I...

MasterAnanda Updated 

Good Day & Life! My fellow cryptocurrency lover, I would like to share a trade idea today with a completely different format, so this is something that is requested from me on a daily basis, so here you have it by popular requests. Today I will be sharing a list of TOP Altcoins that are STRONG for LONG TERM holding and at the same time have good BULLISH...