MasterAnanda

MasterAnanda

Ok. So yesterday I gave a very not detailed analysis for Bitcoin and some people would like to see more... I would like to comply. The first thing is that the charts are always changing. I can give a very strong argument as to why a certain move can take place yet we see everything change just after a few hours... Instead of helping, if you deeply believe what I...

MasterAnanda

We now have 6 consecutive green candles on the daily Bitcoin chart. This isn't something we see often. At this point, many people are already looking for a retrace but here is my theory as to why I think we can go straight up. First, it is the same signal I mentioned just two days ago with the volume bars. We are starting to see volume, finally, but it is still...

MasterAnanda

Bitcoin moved and closed above EMA50 to the upside for the first time since October 2020... (Think about that one for a minute). EMA50 is a strong indicator for crypto on any of the higher timeframes. After October 2020 Bitcoin grew all the way to a new All-Time High in April 2021. Then Bitcoin closed below EMA50 and a long correction took place. Now we are...

MasterAnanda

Just a few days ago there was a lot of friction in the comments section just because we were fast to point out that Bitcoin was looking to move higher... I understand, for some people it takes longer to see "the writing on the wall". Looking at the chart as it is now, it is becoming clear that Bitcoin is set to continue moving higher. The volume bars are a...

MasterAnanda Updated 

We expected prices to increase based on some pretty basic signals looking at the 4h timeframe for BTCUSD... This moved took place ( see it here ). What happens next with Bitcoin? Let's have a quick look at the daily timeframe but once more keeping it simple... Simple is best. Bitcoin daily managed to close 'yesterdays' candle (23-June) above EMA10 and EMA21,...

MasterAnanda Updated 

Just a quick update following up on yesterday's trade idea. Bitcoin is now within a bullish pattern shown as a bull flag and moving above EMA100. It can easily continue growing from this point. If it drops, support is found above $31300. The next target short-term is $33,333 and beyond. See my previous trade idea for higher targets (scroll down to "related...

MasterAnanda

Yesterday we marked a new higher low for Bitcoin compared to the June 22 candle-wick. The day is starting with good momentum with prices recovering strong... Here is the 4H chart: The volume is really strong and prices went from a new low to right back above EMA50, signaling good momentum and strength. We also get the biggest volume bar since June 22 on this...

MasterAnanda

Today we are looking at the Bitcoin Dominance (BTC.D) index chart and multiple signals are pointing to it going higher. Let's have a look at those. First, we can see that there wasn't much strength on the retrace from June to July. Its price moved below EMA10/21/50 and managed to close back above these levels by July 10. Prices are now safely trading above...

MasterAnanda

Bitcoin is trying to move ahead once more and strong resistance is waiting at the $35,000 price level. On this chart, we can see this level marked by the MA200 black line. Looking back (zooming out)... Here you can see how the MA200 indicator matches where Bitcoin is facing resistance each time it tries to move higher. If this level can be conquered, we can...

MasterAnanda

Good Sunday my fellow cryptocurrency traders and happy 4th of July... Despite all the negative news going around... Despite all the Fear, Uncertainty and Doubt... All the FUD. Bitcoin Weekly remains positive... Possibly. It is the last day of the week and another candle closes today. We are looking at EMA50. After 77 days, this level continues to hold as...

MasterAnanda

We are witnessing a potential higher low taking place for Bitcoin and this is something we were expecting. In our last analysis, we mention "a small retrace before higher prices"... This is the handle in the pattern above. The C&H pattern is considered bullish and can lead to higher prices. We have weak volume. Mixed indicators and overall a feeling of...

MasterAnanda

Siacoin ( SCBTC ) has found support just below the 0.786 Fib. retracement level. We also have a falling wedge pattern breaking out bullish . With its price trading above MA200, there is potential for a bullish wave to develop here. I've mapped up to 170% in potential profits for the second target. We remain bullish above the 10 satoshis (0.00000010) low....

MasterAnanda

The market moves in waves... These waves come in cycles... In essence, we do UP and DOWN, up and down, over and over... Short, mid- and long-term. Meaning: We have bearish and bullish waves in the short-term. We have bearish and bullish waves in the mid-term. We have bullish and bearish waves in the long-term. These are the market cycles. When prices...

MasterAnanda

Here we have Bitcoin (BTCUSD) on the 4H timeframe and multiple signals that are pointing to higher prices... Patience is key. First, we have the classic Adam & Eve bottom pattern, this normally comes up when prices are ready to move up: We also have the high volume and reversal candle printed on 22-June, we looked at this one on a previous article: EMA100 has...

MasterAnanda Updated 

This is literally the question most often asked in the comments section when I share any bullish article on Bitcoin... But what about the death cross? A death cross happens when MA50 crosses bearish the MA100 line, here marked as Blue and Red respectively: The death cross is a bearish signal. When we do chart analysis, we do not take signals independently but...

MasterAnanda

Enjoy the Full Moon... Bitcoin We have multiple signals to look at on the Bitcoin Weekly timeframe. Let's get started right away... Bitcoin Drops ~55% First, we have a 55.93% drop from the All-Time High hit mid-April to the recent low hit yesterday, 22-June. See here the chart: This signal alone calls for a "bounce". A bounce means prices jumping back up...

MasterAnanda

This is one of the best things that is happening to Bitcoin since its inception... Moving out of China. To start, Bitcoin is a decentralized network, having too much of it in one single place is no good for any of us. Remember that China is a country that is anti-freedom, anti-growth, anti-liberty, etc. Many companies have been banned in China followed by great...

MasterAnanda Updated 

Bitcoin (BTCUSD) is setting itself up for a higher high as a new ascending channel takes form. We have a potential higher low in place that can lead to prices shooting back up. The next resistance & support levels are marked on the chart. Additional details on the chart. Feel free to leave a comment if you have any questions. Thank you for reading. Namaste.