Is Bitcoin Going Back To $28,000? Short-Term (1H Timeframe)Wait... Don't get too comfortable... Remember that one?
Retraces and corrections have been non-existent for Bitcoin... Or better yet, short-lived.
We are seeing strong consolidation take place near resistance.
When prices are going to drop, they drop.
Staying near resistance is a signal of strength.
Based on this chart, BTCUSD 1H, we are likely to see higher prices soon.
Conditions for change
If Bitcoin moves and closes below EMA50 ($26696) the short-term bullish bias is lost and this analysis can be considered invalid.
We do not trade here.
We focus on the altcoins.
Thanks a lot for your AMAZING SUPPORT!
I am always deeply grateful.
Namaste.
Alanmasters
Is Bitcoin Going Back To $28,000? Short-Term (1H Timeframe)Wait... Don't get too comfortable... Remember that one?
Retraces and corrections have been non-existent for Bitcoin... Or better yet, short-lived.
We are seeing strong consolidation take place near resistance.
When prices are going to drop, they drop.
Staying near resistance is a signal of strength.
Based on this chart, BTCUSD 1H, we are likely to see higher prices soon.
Conditions for change
If Bitcoin moves and closes below EMA50 ($26696) the short-term bullish bias is lost and this analysis can be considered invalid.
We do not trade here.
We focus on the altcoins.
Thanks a lot for your AMAZING SUPPORT!
I am always deeply grateful.
Namaste.
UP! Don't Get Too Comfortable, Bitcoin Can Resume Growing!We've been seeing Bitcoin (BTCUSD) doing incredible numbers this entire year basically...
Retraces and corrections have been non-existent, maybe a few red-candles or one long lower wick and then more growth... Something similar can happen again.
The next resistance is now set at $28377 which is yesterday's high...
On the daily timeframe, we continue to look pretty good:
When we go to a lower timeframe, 4H as shown on the main chart above, we can see that Bitcoin (BTCUSD) is still strongly bullish.
Yesterday, we were able to spot the drop based on the Doji printed on at 4:00 UTC... But prices are now back above EMA10.
Remember this, we stay bullish always above EMA10.
As long as prices stay above EMA10, the bulls are on top.
If prices move and close below EMA10, we look at the bearish potential.
Right now, Bitcoin is trading above EMA10 on both, the 4H and Daily (D) timeframes putting the bulls ahead.
The RSI is also super-strong.
So, we remain bullish but on the lookout... Bitcoin is likely to resume its growth.
What's your take?
Share with us in the comments section below!
Namaste.
Ethereum Moving Up Vs Bitcoin (The Next Target Mapped)It's been a while since we looked at Ethereum vs Bitcoin (ETHBTC).
Here I am mapping the chart for you with two main targets.
As for the technicals...
We have a very strong bounce taking place marked by the last two candles.
The trading volume is at least twice as strong as the daily average the last two+ weeks.
Today ETHBTC moves above EMA10.
We have a positive count starting on the TD Sequential.
Bitcoin is likely to consolidate for a while...
These signals are telling me that ETHBTC can move up... But don't take my word for it, do your own research and make sure to have a strategy BEFORE you start to trade.
This is not financial advice.
Thanks a lot for your support.
Namaste.
ARPA Chain Hits A New All-Time Low, What Happens Next?23 December ARPA Chain (ARPABTC) hit a new all-time low... At the same, bullish divergence is building up with the MACD and RSI.
The price for ARPABTC is starting to bounce and we have good chances of seeing a new bullish wave develop here.
The market moves in cycles, up and down, up and down, down and up...
ARPA Chain has been dropping since August when it peaked (down)... It is time for some UP!
Additional details on the chart.
Namaste.
Ren Protocol (RENBTC) Holds At EMA100, Long-term ChartRen Protocol (RENBTC) peaked in late August 2020 after a massive bull run.
This bullish run printed a total of 1510% in profits.
Now, a strong correction took place for 3.5 months and is likely coming to an end.
We can see that RENBTC went below the 0.786 Fib. retracement level of this last bullish run.
Support was found at EMA100, blue line, where we can see a long lower wick on last's week's candle, and this week we see prices moving up.
If EMA100 holds, Ren Protocol can finally resume its growth.
This is not financial advice.
Thanks a lot for your continued support.
Namaste.
VIDT Datalink Looks Better Now For BuyersVIDT Datalink (VIDTBTC) looks way better now if you are a buyer.
The last support level which was sitting at 0.00001850 was taken out completely ending in a lower low.
This happened yesterday, but today we have strong bullish action and VIDTBTC is bouncing on high volume and already trading above the mentioned support.
In just two candles, yesterday and today, we have prices growing by over 80%.
This is a strong shakeout.
The weak hands have been removed.
The stop-losses were hunt...
It is time to grow again.
VIDTBTC looks better now for the buyers...
Make sure to build a plan before you trade.
Namaste.
Blockstack (STX) Rebound After Higher Low!STXBTC (Blockstack) is looking good with a strong rebound taking place after a higher low.
The RSI is above 50 which is really good with this current chart.
All that is needed is for the price to either continue growing and close today above the EMA50 line.
This would confirm this bounce as "real" and signal that additional growth is soon to follow.
Remember that you need a plan before you decide to trade.
Thanks a lot for reading.
This is Alan Masters.
Namaste.
Bitcoin | Building Up On Bullish MomentumBullish momentum is starting to build up for the BTCUSD (Bitcoin) pair.
We have only bullish signals coming from this chart, this is the 12H timeframe.
Let's have a quick look at some of those:
MACD high up and strong. The MACD line just crossed above the signal line.
The RSI is very strong at 74.81.
BTCUSD price stands safely and strongly above EMA10. We consider it bullish, always, above EMA10.
The TD Sequential shows room for additional growth.
The trading volume is low but in a bullish cycle, this can be taken as a continuation signal.
The next target is set at $25892 followed by $29000+
Where do you think Bitcoin is headed?
Share with us in the comments section below.
Namaste.
Mithril (MITH) Over 222% Still Within Reach...Look at the huge volume now being played on this altcoin pair... MITHBTC 200%+ is still within reach.
We looked at this pair just two days ago and things are looking better now that the bulls continue to push prices up:
Disclaimer: I bought some of this one... Let's see how it goes.
Thanks a lot for your support.
Namaste.
Bitcoin Weekly Hits New High (RSI Analysis To $400k & More)Today, the weekly RSI for Bitcoin just hit its highest level since December 2017.
Bitcoin's weekly RSI has only been above 88 three additional times in the past.
Back in June 2017, November 2013, and February 2013.
Both times BTC hit this level back in 2017 the RSI dropped followed by a massive growth in the Bitcoin price.
Looking back at 2013, there was plenty of additional growth as well.
From June to December 2017 we saw over 560% of growth after the first time that 88+ was hit on the RSI.
From February to November 2013 we saw over 348% of growth after the first time that 88+ was hit on the RSI.
Now, in 2020, we have the first hit above 88 on the weekly RSI, opening the door for additional growth.
How much will it be?
350%, 555%?
Maybe 3,000%?
We can't tell for sure but one thing is certain, more stimulus money is on the way and even more money will be printed in the years to come.
The more fiat currency that is printed, the highest that Bitcoin goes.
~300%+ would send Bitcoin above $70,000.
~555%+ would send Bitcoin above $123,000.
Anything and everything is possible... Just look at this year, 2020, when everything changed.
We are looking at much stronger and bigger change on the world stage in the years ahead.
Don't be surprised if Bitcoin does not grow this much, but we are more likely to see a $400,000 Bitcoin rather than Bitcoin hitting $1,000 as a low.
Back to the BTCUSD chart
Last's weeks high has been taken out sending out a strong bullish signal.
Our next target has already been shared in a previous article today but we are looking at 25800 followed by 29150+ and beyond.
What's your take?
Where do you think Bitcoin is headed?
Thanks a lot for your continued support.
Namaste.
Theta Fuel (TFUEL) Going For Another Bullish RoundTheta Fuel (TFUELBTC) is going for another round of growth.
Here, on this chart, we can see how TFUELBTC started growing strong after the 20-Nov. low.
Prices peaked on 9-Dec. and we have a test of all the major EMAs as support.
We can see a final bullish candle being printed on 21-Dec. with a long lower wick and closing above EMA50, signaling that the bulls are jumping back in.
Now we have prices moving above all other EMAs and MA200 (black line) being challenged.
As long as prices stay above EMA50 or 0.00000070, we remain strongly bullish on TFUELBTC.
Namaste.
Bitcoin Weekly Hits New High (RSI Analysis To $400k & More)Today, the weekly RSI for Bitcoin just hit its highest level since December 2017.
Bitcoin's weekly RSI has only been above 88 three additional times in the past.
Back in June 2017, November 2013, and February 2013.
Both times BTC hit this level back in 2017 the RSI dropped followed by a massive growth in the Bitcoin price.
Looking back at 2013, there was plenty of additional growth as well.
From June to December 2017 we saw over 560% of growth after the first time that 88+ was hit on the RSI.
From February to November 2013 we saw over 348% of growth after the first time that 88+ was hit on the RSI.
Now, in 2020, we have the first hit above 88 on the weekly RSI, opening the door for additional growth.
How much will it be?
350%, 555%?
Maybe 3,000%?
We can't tell for sure but one thing is certain, more stimulus money is on the way and even more money will be printed in the years to come.
The more fiat currency that is printed, the highest that Bitcoin goes.
~300%+ would send Bitcoin above $70,000.
~555%+ would send Bitcoin above $123,000.
Anything and everything is possible... Just look at this year, 2020, when everything changed.
We are looking at much stronger and bigger change on the world stage in the years ahead.
Don't be surprised if Bitcoin does not grow this much, but we are more likely to see a $400,000 Bitcoin rather than Bitcoin hitting $1,000 as a low.
Back to the BTCUSD chart
Last's weeks high has been taken out sending out a strong bullish signal.
Our next target has already been shared in a previous article today but we are looking at 25800 followed by 29150+ and beyond.
What's your take?
Where do you think Bitcoin is headed?
Thanks a lot for your continued support.
Namaste.
Bitcoin Targets Up To $44,441.14... New High Hit Today!Bitcoin just hit a new high today at $24722 on BitStamp and other major exchanges.
Its price remain trading above EMA10 and all other EMAs.
We have a stable ascending channel in which BTC is trading and all bearish signals that we saw back on Dec. 20-21 have been deleted.
Both the MACD and RSI went through a reset and prices continue to aim and climb higher.
Going by the current trend, we have a target next at $25892, followed by $29160 ($30K) and finally $44,441...
Here is the weekly chart:
Nothing has been able to stop Bitcoin and more stimulus money is coming up... With this type of news now in play, we go with the flow.
🅱️ Bitcoin Monthly | Reviewing Previous Bullish Charts +$46,000
Thanks a lot for your support.
Namaste.
Bitcoin Targets Up To $44,441.14... New High Hit Today!Bitcoin just hit a new high today at $24722 on BitStamp and other major exchanges.
Its price remain trading above EMA10 and all other EMAs.
We have a stable ascending channel in which BTC is trading and all bearish signals that we saw back on Dec. 20-21 have been deleted.
Both the MACD and RSI went through a reset and prices continue to aim and climb higher.
Going by the current trend, we have a target next at $25892, followed by $29160 ($30K) and finally $44,441...
Here is the weekly chart:
Nothing has been able to stop Bitcoin and more stimulus money is coming up... With this type of news now in play, we go with the flow.
🅱️ Bitcoin Monthly | Reviewing Previous Bullish Charts +$46,000
Thanks a lot for your support.
Namaste.
✅ Gifto (GTO) Straight Up? Big Players Buying AltcoinsIf you look at the behavior of Binance altcoins starting around 18-19 December, you can see that everything changed.
We were seeing very weak and shy candles, old bots programming taking place.
Right now, big players are getting in.
We are seeing strong candles, massive volatility, and huge volume.
Some "people" or should I say, INSTITUTIONS, know something we don't know...
Or better yet, they know something we cannot/haven't yet confirmed.
That is... That Bitcoin and Cryptocurrency are going to be replacing the traditional financial markets.
The Altcoins market is preparing for a huge growth explosion many times bigger than anything we've seen ever before.
Namaste.
🅱️ Bitcoin Monthly | Reviewing Previous Bullish Charts +$46,000It seems there is no stopping Bitcoin and we continue to see only higher prices.
On the last monthly analysis, we looked at Bitcoin in a different view based on candlestick reading...
"We go down the first half of the month and up the second half..."
This is becoming true now: Bitcoin Monthly & Why We Go Down Before Go Up!
All the selling/corrections/retraces have been quickly bought up and no opportunity left for the bears/red to shine.
More stimulus moving coming in = Higher Bitcoin prices.
If you remember an even earlier Bitcoin analysis based on the TD Sequential and monthly timeframe, we had room for another two months of green... This also seen to be the most probable scenario right now!
Bitcoin Monthly $300k | TD Sequential (8+9 = 1 = Higher High)
Overall, Bitcoin just keep on going/aiming/reaching higher!
Namaste.
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I ❤️ Bitcoin To $30K? Hits Highest Level Since Jan. 2018
Genesis Vision (GVT), Is It Mixed or Clear Signals?You could say that the Genesis Vision (GVTBTC) chart is still weak based on the current price, but some signals are very strong and give away what will happen next.
Notice that even though we are looking at the same price as back in early November, GVTBTC printed really strong bullish/green volume starting 19-Dec.
The MACD is showing bullish divergence and prices are now trading above EMA21.
Just a little more follow up and we can easily see GVTBTC gain momentum up.
Conditions for change
If prices move and close below 0.00000490 the above bullish signals are invalidated.
Thanks a lot for reading.
Namaste.
Ankr Network (ANKR) Challenging ResistanceOn Dec. 16-17 we can see a strong bearish candlestick pattern on the ANKRBTC chart.
This pattern was quickly invalidated the following day with a strong, high-volume bullish candle.
Now we have prices trading above EMA10 and EMA21 while aiming higher.
This one is starting to look good.
Support is found on the blue and red dashed lines.
The next target is marked with a magenta dashed line.
This is not financial advice.
Good luck!
Namaste.
Blox (CDT) Prints Strong Positive... More To Come! (290%+)Here is another altcoin that is in the 2 digits positive today... That is Blox, CDTBTC.
We have over 55% of growth in today's candle with really high volume.
The trading volume today is the highest daily since August and the day is not yet over.
We also have strong bullish divergence with the MACD:
We clearly have higher lows on the MACD while we have lower lows on CDTBTC.
The bottom is in potentially... Lots of room available for growth in this upcoming week.
Namaste.
TCT Very Strong Daily Candle (Breaks Above EMA50)We have a very strong candle today for TCTBTC on the daily... We can see prices now trading easily above EMA50 with really strong volume, here is the chart:
The RSI is trading above all resistance and the MACD is positioned for massive growth...
There is room for so much more.
I marked a target at 485% but this is only a random point.
Prices can go higher just as they can remain low.
Namaste.
Akropolis 2nd Round After 7050% Bullish Wave..Akropolis (AKROBTC) bottomed out in January 2020... You know what we say, "once you hit bottom, the only place left to go is up".
True enough, Akropolis went on a 7000%+ bullish wave that peaked this past August.
After several months of correction, strong correction, early signals are showing the potential for a new bullish wave.
AKROBTC Chart Signals
We have very low volume.
Prices went flat.
The MACD is starting to curve.
The RSI remains really strong.
Lower timeframes are already showing some bullish signals.
All the signals can say that the correction is coming to a halt... Which means that prices can grow next.
Remember to build a plan and have your own strategy/do your own research before you trade.
This is Alan Masters.
Namaste.
Elrond Gold (EGLD) Grows Over 3000% In 163 Days; Round 2 NowElrond Gold (EGLDBTC) grew by 3081% if you start counting on the late March low all the way to the early September peak.
After the September peak, we had 76 days of correction before support was hit on Nov. 18.
We had ~5.4 months of bullish action followed by ~2.5 months of bearish action... A new bullish wave is about to start.
We can see that EGLDBTC retraced below all EMAs and also the 0.786 Fib. retracement level based on the last bullish wave.
Now, we are seeing a strong bullish candle that is pushing prices above EMA10, EMA21, and EMA50, with the RSI above 60; this all signals strength.
It is very likely that EGLDBTC will resume its bullish trend.
For how long will this new bullish wave go?
We don't know exactly, but just as this pair ended in a higher low, it is sure to print a higher high before this new wave is done.
If momentum is lost, the blue dashed line will work as support.
Namaste.