🅱️ Back On Track |Bitcoin Is Back With A... (Name Your Altcoin)
Updated
14 Days or 2 Weeks... That's all it took for Bitcoin to complete its retrace after hitting $28,000 in early October.
Today, we have a full green candle... Questions:
(1) How did we get here?
(2) Is this type of outcome predictable?
(3) Did the market provide any clues?
If you are reading this you obviously follow me and if you follow me you know the answer to these questions.
(2) Is this type of outcome predictable? 100%.
The market provided us with endless clues such as the weekly timeframe (EMA200), the Altcoins market (those growing strong), Gold (bullish breakout), the DXY (going bearish) on and on... See more here.
(3) Did the market provide any clues?
Information is still coming in.
The market is providing us with plenty of data as to what is going to happen next.
Bitcoin is set for massive growth, "38,000 in November" (the 2nd part of the failed prediction), beyond 40,000 or maybe even 50,000 or 60,000 by the end of this bullish wave.
(1) How did we get here?
Almost an entire year of higher highs and higher lows.
A very long/drawn-out consolidation phase, from March through October, so the next move out to be really strong.
Analysis
Bitcoin closed yesterday above EMA50, it is really early in this bullish wave.
We can expect growth for months... Bears gone get REKT.
Ok, never mind that...
Name Your Altcoin
Leave your questions in the comments section, I will reply with a post update.
Any question, any doubt... Feel free to share and open yourself up.
You can also name your altcoin in the comments section, I will share an analysis here or publish in my profile...
Thanks a lot for your continued support.
Namaste.
Today, we have a full green candle... Questions:
(1) How did we get here?
(2) Is this type of outcome predictable?
(3) Did the market provide any clues?
If you are reading this you obviously follow me and if you follow me you know the answer to these questions.
(2) Is this type of outcome predictable? 100%.
The market provided us with endless clues such as the weekly timeframe (EMA200), the Altcoins market (those growing strong), Gold (bullish breakout), the DXY (going bearish) on and on... See more here.
(3) Did the market provide any clues?
Information is still coming in.
The market is providing us with plenty of data as to what is going to happen next.
Bitcoin is set for massive growth, "38,000 in November" (the 2nd part of the failed prediction), beyond 40,000 or maybe even 50,000 or 60,000 by the end of this bullish wave.
(1) How did we get here?
Almost an entire year of higher highs and higher lows.
A very long/drawn-out consolidation phase, from March through October, so the next move out to be really strong.
Analysis
Bitcoin closed yesterday above EMA50, it is really early in this bullish wave.
We can expect growth for months... Bears gone get REKT.
Ok, never mind that...
Name Your Altcoin
Leave your questions in the comments section, I will reply with a post update.
Any question, any doubt... Feel free to share and open yourself up.
You can also name your altcoin in the comments section, I will share an analysis here or publish in my profile...
Thanks a lot for your continued support.
Namaste.
Note
Ok these are the first two Altcoins requested...✴️ Polkadot's Downtrend Is Over... (Name Your Altcoin)
✳️ RIF Strongly Bullish (Name Your Altcoin)
I can only post a maximum of ten (10) charts per day... So the rest after the limit is reached will have to wait.
I'll do them all... Leave a comment with your favorite pair.
Thanks a lot for your support.
Note
Almost 100M in shorts liquidated in the past 12 hours...More Name Your Altcoin.
The rest will be published later on today.
✴️ Solana Set To Move Beyond $100 (Name Your Altcoin)
✴️ Cosmos Inverse Volume Signal (Name Your Altcoin)
Thanks a lot for your support.
Note
Bitcoin is now trading above MA200 with the highest volume since June. It is the first time that Bitcoin breaks above MA200 to the upside since January 2023.Trading daily above MA200 opens the doors for long-term growth.
EMA100 was conquered today as resistance as well.
The path is clear for 40,000.
The long upper shadow/wick in the current session indicates that resistance is being removed.
First a strong burst upwards to remove resistance that quickly recedes. Then steady but sure growth.
This is only Day 1, Bitcoin can grow for months.
Note
I will share some of the pairs here while we wait for my publishing spots to open.Ethereum Classic raquelt
ETC is looking good.
We have a higher low this month compared to August and June, based on candle close.
Today's breakout is supported by high volume.
Prices currently breaking above EMA10 and EMA21, all bullish.
Growth is expected.
We actually have a strong leveraged position on this pair.
----
Axie Infinity patrick67
This one looks good also, we have a very strong "double" bullish divergence, that is AXSUSDT vs the MACD and RSI.
The divergence started in March.
AXS is moving lower while the indicators are going higher.
This normally happens before a reversal.
It is really early for this pair so we are looking at bottom prices, which is a positive.
----
Dogecoin hyperiac
✴️ Dogecoin 7X Lev. (105-196% Fast & Easy)
Note
IRISnet Lih28It can go to 0.0900 or higher.
We have a strong higher low Sep/Oct '23 vs Nov/Dec '22.
The initial wave produced 420%+, the next wave can be equally strong.
Looks pretty good.
Support can be found on the grey lines on the chart.
It should be an easy hold. Even if it drops waiting is the best option right now as many Altcoins are going green.
----
Boson Protocol ascendanto This "rounded bottom" pattern says it all...
This pattern signals that a low/bottom has been hit.
Once we hit bottom, the only place left to go is up.
As long as BOSONUSDT trades above this pattern you can expect a bullish wave to develop.
----
DeepBrain rafaescuin
This one is tricky because it already grew by 2,000% early 2023, so it has plenty of space for more consolidation or even a correction.
As long as DBCUSDT trades above the gray space on the chart, it can be considered bullish and higher prices can be expected.
If it goes below the correction might be extended.
Overall, I personally lean bullish with the rest of the market.
FETUSD
This same chart works. The bullish bias is intact, same analysis/technicals are valid now.
----
IoTex mehdi_kb
✳️ IoTeX Short-Term Move Mapped (120% Potential)
Note
Verasity omidji25The same pattern is valid now as seen in the trade idea below.
VRAUSDT is bullish above the blue dashed line support and a bullish wave can be expected.
----
Filecoin SalehVahid
The following trade idea is currently valid for FILUSDT
-----
ReserveRights JankoBanko
Just notice the "super high volume"... It tells us everything we need to know.
Whales loading up = Bullish wave next.
----
Kadena lambeosaurus
This pair is now nearing support... It is bullish right now and can grow soon. Bottom catch.
Long-term chart:
✅ --- All requests now completed. ---✅
Note
Gelendwagen655 requested a new trade idea for KDA... Good!✴️ Kadena | Detailed Update (Name Your Altcoin)
markjean72 wanted to see a chart published for Bifrost... I enjoyed that one.
✴️ Bifrost 700% Potential Or 1900% (Name Your Altcoin)
Plus XRPUSDT
✴️ XRP | Endless Updates
Note
--🅱️ Bitcoin Renko | Above EMA10 = Bullish Rally (Weekly timeframe)
Bitcoin Renko Daily timeframe = Ultra-bullish
Note
khoobshervinpesar requested Aave.I will do GALAUSDT MrIthen and Apecoin kcr2d2zpx7 next...
✴️ Aave $1,743 New All-Time High (Name Your Altcoin)
✴️ Bitcoin Cash | New AllTime High? New Update, New View, New...
Note
The chart is too young for VARAUSD josephjmcmahon1986Cake looks pretty bad to be honest... It can change if the entire market goes bullish but there aren't any positive signals around. kickvn1989
Nervos below... viphuper
✴️ Nervos Network 500% Potential Mapped (Name Your Altcoin)
✴️ Gala Games Correction Extended (Name Your Altcoin)
✴️ Apecoin 1,000% Potential (Name Your Altcoin)
✅ --- All requests now completed. --- ✅
Note
Chase6104 Here is ChainlinkI'll do Ethereum, ICP and Algo next...
✴️ Chainlink Support, Found? $11.11 In Sight!
Note
Daily timeframe Ethereum analysis as requested by ZeinGuerinJayanto✴️ Ethereum Daily 100% Bullish (Name Your Altcoin)
Note
Gold (XAU) moving forward is a bullish signal for Bitcoin.Remember that they are positively correlated and Gold's bullish breakout confirmed Bitcoin's growth potential ahed of time.
Gold is set to hit new All-Time Highs, what about Bitcoin?
📊 Gold Enters New Bullish Wave (All-Time High Potential $2,222)
Note
powerfulGnu82306✴️ Filecoin | Beyond $6 Pretty Easy...
maryamkhalid1985
I already did Gala, see above...
Will look into Reef.
Note
I shall continue with the "Name Your Altcoin" requests later on today...Make sure to leave a comment with your trading pair.
Meanwhile, Bitcoin continues bullish.
We are live with 10X.
You can find the details below:
🅱️ Bitcoin Trading Made Easy | 100%-200% With 10X Lev.
Patience is key.
Note
🅱️ Bitcoin's Next Bearish Wave Warning | Spot ETF--
Bitcoin's next bearish wave will develop when the Spot ETF is launched, please keep this in mind.
There will be lots of hype, deception and confusion within the media so watch out.
The catalyst for the next correction might be this development/announcement.
It can happen that Bitcoin rises a bit when the announcement is released and then proceeds to produce a major correction leading to the 2024 halving, then the new bull market starts.
So, we are bullish now and we grow now...
When the Spot ETF gets approved then the correction starts leading to the halving... Contrary to what most people expect.
I will write a full, detailed and individual trade idea on this topic.
This is for my followers, as a friendly warning/reminder.
The media will say that this is extremely bullish but Bitcoin's price will show it is otherwise.
Regardless, a correction is bound to happen before the halving Spot ETF or no Spot ETF just as a bull-market will happen after the halving regardless of the great news that will come out at the same time to match the needed positive market sentiment.
(1) Up, (2) down then (3)long-term up.
(1) Up: Can last between 1-3 months.
(2) Down: Can last until the halving, more or less.
(3) Long-term up: Can last until 2025 (the next full-blown bull-market).
This will take place based on market cycle regardless of the news.
Regardless of war, politics, developers, astrology, charting, or what not...
Life goes on.
Bitcoin is the future of money.
Thanks a lot for your support.
Namaste.
Note
Another bullish signal for Bitcoin is the futures premium.When Bitcoin futures trade at a premium vs spot, thats bullish.
Spot right now trades around 28640 while futures trades at 28730.
Note
All the Altcoins request now fulfilled, I am missing NEO and that's it.I'll eat and get it done after...
✴️ Bancor Aims At New High (100% Potential)
✳️ Bancor | Test & Retest
> AMBUSDT might be ending its correction right now but I don't like how the chart looks for a full analysis... I like 1,000% bullish charts.
✴️ Injective Protocol Ultra-Bullish (Name Your Altcoin)
✴️ Deciphering Verasity's Chart (Name Your Altcoin)
✴️ Fantom Full Correction (Name Your Altcoin)
Note
Things are moving now... For sure.I have a short-term analysis ready for you, 4H timeframe, see below:
There is also Litecoin, Monero, BitcoinSV and XRP (all bullish)
✴️ Good News? SEC To Dismiss Lawsuit Against Ripple's CEO
✴️ XRP 10X Lev. Opens Easy 1,500% Growth Potential
Note
🅱️ Major Milestone To Hit This Week...This is a major and super important development when it comes to chart reading and technical analysis... We are talking about the MA200 indicator.
Recently we considered EMA200, the purple line on this chart, and used it to gauge Bitcoin's potential at a time when doubt and uncertainty was really strong.
The premise was very simple:
Yes, Bitcoin has been sideways, in a correction mode but as long as it trades above EMA200, we are long-term bullish and this level held for 5 weeks straight as support. (August through September) The full analysis can be found somewhere within my profile.
Now we have another major level, even stronger than EMA200 and that's MA200, the black line on the chart.
The first time ever that Bitcoin traded below MA200 weekly was June 2022.
This level always worked as support/bottom in the past, so seeing Bitcoin going below it was extremely bearish. In reverse, as Bitcoin moves back above this level it makes it strongly bullish.
Technically speaking, once Bitcoin trades above MA200 the long-term growth potential is fully open, active, valid and confirmed.
This signal would become true if Bitcoin were to close above 28,300 this week and this would definitely push prices high fast up.
When the next correction comes, which is inevitable as the market moves in waves, MA200 will be the main support on the way down at whatever price it sits at the time.
This would be followed by EMA200 and finally above 20K.
Bitcoin isn't likely to move below 20,000 ever but if it does happen, it should be a fast and sudden event.
Sometimes we can have events that can produce a strong shakeout, flash crash or major swing, in the short-term. These can last as little as a few hours or just a few days but the close always happens higher and then long-term growth takes place.
This week this major bullish signal is either rejected or confirmed... We go with confirmed as we will have fireworks by the end of the month, huge activity, great momentum, maximum growth; 28-October+
Thank you for reading and for your continued support.
Namaste.
Note
The Bitcoin daily chart is really solid.Everything is really, really strong. We are most likely to see additional growth straight up.
The volume is super high and healthy.
The RSI is now above 70 and the MACD bullish all the way!
We also have a new high today.
Gold moved ahead and continues to hit new highs as well.
Gold futures trades at a premium vs Gold spot and the signal I mentioned earlier works here as well.
Bitcoin's spot vs futures premium is widening and this supports additional growth.
There is no doubt in my mind that Bitcoin will continue higher, I am just providing data to support my bullish bias, that's all.
In a nutshell:
- Rising volume.
- New daily highs.
- Bullish indicators.
- Positive Gold correlation.
- The DXY bearish bias becomes stronger...
I will expand on the DXY hold on...
(I will publish all the remaining Altcoins requests when my publishing slots open, remember there is a limit of 10 per day, for whatever reason...)
Note
Here are the latest Altcoins:✴️ Klaytn, Signs Of Bearish Exhaustion - 1,000% (Name Your Altcoin)
✴️ Moonriver Volume Signal Explained - 2,000% (Name Your Altcoin)
✴️ Dash Reversal, Aims At $60 (Name Your Altcoin)
I have Stacks, YFI, VET, WooNetwork & Algo in the list.
Leave a comment.
Thanks a lot for your support.
Note
More Altcoins as requested...✳️ SafePal | Easy 100%+ vs Bitcoin
✳️ Safepal | Moving Now & Moving Fast
✴️ SafePal Ultra Bullish (Bears Are Shaking)
✴️ Stacks Bottom Pattern + Volume = Bullish Wave (Name Your Altcoin)
✴️ Algorand Close Up (Early Reversal Signals) | (Name Your Altcoin)
Note
--📈 Tether Dominance (USDT.D) vs Bitcoin Negative Correlation
Here we go again my friends... Its been a long while since we looked at Tether Dominance (USDTD), it works like the U.S Dollar Index (DXY) in the sense that it has a negative correlation with Bitcoin.
When Tether Dominance is bearish Bitcoin is bullish... Don't worry, I will go straight to the point and keep it simple.
But first, the chart.
➖ All-Time High June 2022.
➖ Lower highs long-term.
➖ Moving weekly below EMA10... Blah, blah, blah!
👉 When USDT.D crashes to around 5%, Bitcoin will move up to around 40,000.
That's all, plain and simple.
I will go deeper on this one in an individual trade idea.
We tracked this index together for years, many, many times and the chart structure remains the same.
A very strong and drawn-out distribution phase.
When the USDT.D crash comes, it confirms Bitcoin's growth.
Bitcoin's bullish bias is already 1,000,000% confirmed and already taking place... But this is an additional signal, another way the market helps to see what comes next.
Thank you for reading.
Remember to boost... I will continue sharing the Altcoins that you request.
I love you!
Namaste.
Note
Bitcoin is preparing for a full green day today.The Altcoins are looking great.
This will be the strongest bullish wave, and last, of 2023.
Make sure to maximize profits.
I will publish today all the Altcoins requested, the list goes as follows:
- AMB
- YFI
- VET
- WOO
- RUNE
- AMP
You can leave a comment if you have a new request.
We are still open...
✴️ Cardano Easy Profits | 10X Lev. (555%, 888% & 1,460%)
Note
Alright... I managed to fulfill two more of your requests on the list and I will continue with those in line as the publishing slots open today.You are appreciated.
✴️ AirDAO Break & Retrace Complete (Name Your Altcoin)
✴️ Yearn-finance Long-Term Higher Lows (Name Your Altcoin)
I will also share the Tether Dominance Index full analysis as well as Compound.
There are other Altcoins but you need to visit my profile to find those, if you are interested.
📈 Tether Dominance On Multiple Timeframes (Daily & Weekly)
✳️ No Bullish Signals | Compound vs Bitcoin
✴️ Compound 10X Lev. Up To 1,700% Easy, Fast, Profits Potential
You can leave more comments with your Altcoins... I'll get them all done.
Namaste.
Note
Below is the full trade idea for Woo Network & VeChain.----
✴️ Woo Network | Another Good Looking One (Name Your Altcoin)
So many good looking pairs it is starting to look scary.
Sometimes things start looking so good that you can start doubting, seriously... I am being fully honest... Well, not really, half-joking.
I can see the doubts but I never entertain them but instead become entertained by them.
Everything Crypto is looking good because it is about to get good.
All these Altcoins are looking great because that's what's coming... Years in the making, it is about time! ... Do you feel me?
There's a catch with the targets.
➖ Short-term = 1 month (within 30 days).
➖ Medium-term = 3 months (within 90 days).
➖ Long-term = 6 months or longer (within 180 days but can go for years)
So the targets that I am sharing can happen within a few days or weeks or it can take a few months but no more than 3, most of the time. By the time we reach 3 months the wave is over and a correction takes place.
People sometimes wait, wait, wait and never sell.
When they see that the correction lasted for 2 months, 3 months or even 6 months they say, "wow, I should have sold"... So there is a catch, you need a plan or at least have an idea as to what you will do when prices start to go up.
We have many people, thus many strategies so that each individual can adapt to their own lifestyle and liking...
Long-term? Just buy and hold!
Short-term? Sell on each wave!
Medium-term? You need to be an expert or you can missed most of the action in this frame.
Does this all makes sense?
Maybe this is a bit more advanced than beginners talk, but we are bound to get to this level after 8,000 charts.
Woo Network (WOOUSDT) is another Altcoin that is looking great.
Long-term higher lows (since June 2022) and present time break above EMA50 confirms the next bullish wave.
Don't get me wrong, things can change... But that's the current market bias, bullish!
Thank you for reading.
Namaste.
------
✴️ VeChain Looking Pretty Good (Name Your Altcoin)
I think I am reaching my limit for today...
Bitcoin is looking good, might close above 30k or high 29ks, doesn't change anything when it comes to the technical picture.
The important close is tomorrow as the week ends.
Note
More Altcoins request fulfilled!More to come later as the day unfolds... Thanks a lot for your support.
---
✴️ Thorchain Bullish, 200% & 300% Targets (Name Your Altcoin)
✴️ AMP Early Signals (Name Your Altcoin)
✴️ Gifto Recent Action Confirms Recovery (Name Your Altcoin)
✴️ Chainlink Support, Found? $11.11 In Sight!
Note
🅱️ Bitcoin weekly quick update✔️ Bitcoin weekly is looking good with EMA50 confirmed last week as support and this week BTC growing above this level.
✔️ We can see the highest volume since 19-June when the same dynamic took place (week before EMA50 confirmed as support, next week growth).
✔️ Bitcoin is trading near the high of the week. Closing at these prices would be ultra-bullish for this market.
✔️ The highest weekly volume since June.
✔️ What this is leading to is the best week next week since March or January 2023, based on current data and market action.
What we are seeing now is literally the warmup phase before bullish momentum fully develops.
Can be next week or after next week but things are looking extremely bullish for the week 23-30 October and you know what I've been saying... Fireworks 28-October+
Namaste.
Note
Ladies and gentlemen... It is my pleasure to tell you that I've fulfilled all of your Altcoins requests with the following two, BAKE and MBOX.Some people are requesting USDT.D, Cardano, Link, Gala, etc. but I already shared these, meaning that they are not reading this post. Someone please reply to their comments with the links to the charts or instruct them to just read the updates here for the analysis they seek.
Here are the latest request:
✴️ Mobox Volume & Oscillators (Name Your Altcoin)
✴️ Bakery | The Bottom Is In + 333% Target (Name Your Altcoin)
Now, there are new ones and I already built a new list.
➖ atorusdt & kujiusdt (same user)
➖ shpingusd & ognusd (same user)
➖ ftmusdt (another repeat)
I will do them all but cannot do the same more than once.
Thank you again.
Bitcoin keeps looking great!
If you are feeling good or enjoyed the content, if you enjoyed the analysis, bless me with your boost and support.
Thank you!
Namaste.
Note
Great news!Really, really good news as Bitcoin closed the week near its high at 30,000, opening the doors for massive weekly gains this week:
A new high has been hit already and all signals are pointing forward/upward (additional growth)!
The weekly MACD produced a bullish cross above zero, the first time this event happens since August 2021
Plenty of room available for growth in this indicator.
The weekly RSI is also really strong, trading within a massive uptrend and above all local resistance:
But this is only the beginning, last week is the first advance in months, so it can continue to go and go and go... Maybe until December or January before the major pre-halving correction or when the hyped up Spot ETF approval is announced.
Remember, regardless of how ugly or shaky things get the correction will end in a higher low and Bitcoin will be followed by sustained long-term growth, a full-blown bull market in 2024 and beyond.
Then the cycle repeats.
It is my pleasure to be here and write for you.
Thanks a lot for your continued support.
Namaste.
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.