MasterAnanda

MasterAnanda

We are looking at the 1H timeframe for Bitcoin, where we share our short-term trading ideas. We can see that the bulls are still ahead. This is an update to my previous 13-Jan. article. After the 13-Jan. peak, Bitcoin hit a new low (higher low) on 14-Jan. The main low came out 10-Jan. These are all marked with green circles. The MACD has entered the bullish...

MasterAnanda

Bitcoin is looking good short-term across multiple timeframes... The 1H timeframe is looking good as mentioned in our previous trade idea, we have a rising channel with higher highs. Now, the 4H timeframe is also looking good. As BTCUSD is trading above EMA10, EMA21 and EMA50, we see a bullish breakout happening now. The cup pattern is now in full display...

MasterAnanda

Good morning my fellow cryptocurrency traders, how is Bitcoin looking up today? We have the short-term chart, 1H timeframe, with a positive outlook. - We have been seeing higher lows within an ascending channel. - BTCUSD 1H managed to break and close above the MA200 black line. - We have a strong RSI and bullish MACD. - Prices remain safely trading above...

MasterAnanda

Slowly but surely Bitcoin (BTCUSD) is starting to recover. Here we are looking at the short-term chart, 4h timeframe. We can notice the classic cup pattern starting to form, this is very common when a bottom/low takes place. After the cup pattern a bullish jump tends to follow. We have bears and bulls fighting with EMA50 being the next immediate resistance at...

MasterAnanda

Bitcoin last drop is very likely in and we are about to move up... Let's go into details. Bitcoin has been dropping since the 10 of November with no relief rally/bounce, nothing at all, basically we have been going straight down. That's 60 days in the red. The RSI has been ranging near the oversold/weak line for a while now. Normally, Bitcoin tends to recover...

MasterAnanda

We have a very long lower wick on today's candle after some volatility kicked in. The Fear & Greed Index for Bitcoin is now at "Extreme Fear"... What happens next? Looking at the 1H timeframe, we can see a candle wick going as low as $39558 but closing at $40809. The the following candle pushed prices back above EMA10 on high volume. See the chart: This...

MasterAnanda

Yesterday Bitcoin managed to close above EMA10 and EMA21 with average volume... This is good and supports our previous idea of a bounce next before anything else. By "bounce" I mean prices moving up from the most recent low but not necessarily for a long-term upward move but it can just to later hit a new low. Of course, things are always changing and the...

MasterAnanda

Going a bit deeper, 1H TF, let's see what BTCUSD has to say. A few hours ago we can see a clear break of EMA10, EMA21 and EMA50 as resistance with good volume. Even though though we have good volume on the next 4 consecutive red candles, BTCUSD remains above EMA10 and the other emas, signaling that the bulls are doing it but slow. The red marked space is the...

MasterAnanda

We have additional data when looking at the 1H timeframe, really short-term. First, we have the falling wedge chart pattern giving us a bullish signal; this has already broken bullish. The last two candles puts BTCUSD 1H above EMA10 and EMA21, signaling that the bulls are taking the reins short-term. We also have a rising RSI with hidden bullish divergence. We...

MasterAnanda

We are going to be looking daily at Bitcoin (BTCUSD) either on the 1H, 2H or 4H timeframe, sending out short-term updates... Stay tuned and please bless us with your support. Looking back at the 4H timeframe, the same TF as yesterday, we have a Doji to close Dec. 29. The Doji when coming up as it is showing on this chart can work as a reversal signal. Another...

MasterAnanda

Here we have the monthly chart for Bitcoin, let's have just a quick look at it. This is the log chart (BTCUSD, 1M): Prices remain above EMA10 which is encouranging but not all is good. After the peak in April 2021, EMA10 was tested as support. The bounce led to a new ATH in November but not a strong one, signaling more like a double top or lower high rather...

MasterAnanda

Patience is key or so we love to say... Bitcoin (BTCUSD) had a small drop yesterday but this is nothing to worry about. Here I have the 4h timeframe chart just to show you... Hit LIKE now and let's get started! We have a long-lower wick on the current candle and also higher lows compared to early and mid-December. Which side are you on? Are you bearish on...

MasterAnanda

We have multiple signals telling us that Bitcoin can move straight up. Looking at the 2h timeframe for BTCUSD, we can see prices trading above EMA10 and all other EMAs. The trading volume is still low but we are seeing steady growth, the bulls pushing higher. We have a very strong RSI to support additional growth. The next resistance is set at $52,000 followed...

MasterAnanda

After testing MA200 as support and holding Bitcoin is starting to recover. At first it was hard for some to see that a recovery was about to take place, but it is looking much better now. We have the same signals as before but stronger, these are not "early" signals anymore. See the previous trade idea below for the data... (Dec. 20) Can Bitcoin Recover Now?...

MasterAnanda

It is true that the bears have been shinning and Bitcoin took a timeout from any additional growth. We've seen red and red... Aren't you tired? We want a bullish Bitcoin... Yes or no? No need to hit LIKE now or FOLLOW... Let's read first and if you enjoy the analysis... Bitcoin (BTCUSD) Daily Timeframe Chart Analysis | Early Bullish Signals Bitcoin peaked...

MasterAnanda Updated 

Forget about hitting like & follow. Let's read! Bitcoin weekly is still trading above a very important level and that is EMA50 ($44720). This is a critical support. Last time EMA50 was tested as support between May and July. The level held and prices moved up. So far EMA50 weekly was hit only on the 29-Nov. week. This and the previous week prices have been...

MasterAnanda Updated 

I was looking at Ethereum (ETHUSDT) daily and was having a hard time deciding which way to go, what to look for, what is happening now and what is likely to happen next. I set the timeframe to weekly (W) and multiple signals showed up right away. Ethereum Chart Analysis by Alan Santana Looking at this chart, ETHUSDT has been correcting since November. Prices...

MasterAnanda

Let's look at this question together shall we? When will Bitcoin recover? Here we have the daily timeframe chart with a clear downtrend starting after 10-Nov. We have basically straight down since this date. Now, we've reached support, two mains scenarios can play-out. (1) The support level is tested and fails, Bitcoin continues lower for a bit longer. (2)...