Bitcoin Gold Has Good Potential Here, Really StrongBitcoin Gold (BTGBTC) grew by 1177% on its Jan.-Apr. 2021 bullish wave.
All the altcoins grew really strong like we predicted would pass many months and years before.
It later entered correction mode and retraced by 69% while remaining really strong.
Right now, prices are back above the 0.618 Fib. retracement level of the full bullish wave.
BTGBTC is also back above all the EMAs (EMA100, EMA50, EMA500, MA200, etc.).
The downtrend line from Aprils peak is also being broken today but some resistance still remain.
Volume is super low signaling that the bears are non existent, they have no strength.
If it can stay above the orange trendline, we are likely to experience some great gains on this pair.
All the signals are bullish at the moment.
This is not financial advice.
Namaste.
Alansantana
Bitcoin Bullish Target At $84,000, No Longer $60,000! +Altcoins We love to mention that the entire cryptocurrency market is interlinked, all crypto-assets are connected.
Getting back to our bullish bias/scenarios, it is clear that Bitcoin is super strong with many positive developments taking place.
The fundamentals are really strong; think global crypto adoption and the technicals as well (BTCUSD is trading above all EMAs with bullish indicators & more).
Now, new information has presented itself which leads me to believe that we will no longer hit $60,000 but instead will go and hit $84,000 on the next impulse and beyond.
$60,000 Was just the initial target and we were surely expecting more mid-term thanks to the Bitcoin Network Taproot upgrade but now we have even more signals pointing straight up.
Watch the price, sit back and relax.
The next bullish wave is about to come.
Altcoins Market Update
All Altcoins (ALTSUSD/ALTSUSDT) will hit new highs/ATHs.
All Altcoins (ALTSBTC) will hit multiple year highs, breaking their highs from 2020, 2019 and beyond in many cases.
Namaste.
Neblio (NEBL) Starts To Move (600%+ On Sight or 155% Fast!)NEBLBTC (Neblio) starts to move and we have some really nice targets on sight.
First, we have around 150% which can be reached easy and fast.
A bit longer and we can see 600%+ on this altcoin trading pair.
Right now we have a cup pattern where EMA50 and EMA100 were left behind.
Currently, we are seeing NEBLBTC moving above EMA200 which is a strong resistance.
Above this level we are open for sudden/fast/strong growth.
The MACD is high up and the RSI strong.
Get ready...
Additional details on the chart.
Namaste.
Tezos (XTZUSDT) Breaks Resistance With Force, Can Go Higher! 75%Just as we saw with Siacoin vs Tether (SCUSDT), the same is happening with Tezos (XTZUSDT) but here things are looking better.
We have the highest green volume on the daily timeframe since May.
Prices moved above all EMAs and today, finally, above the MA200 black line.
The really high volume and strong RSI support this move...
What this means is that additional growth is possible, but consolidation is also possible before the next move.
On this chart, I am giving you the support levels as well as the target for 75% but there can surely be more.
This is all shared for your own learning, entertainment and fun.
This is not financial advice.
Thanks a lot for your support.
Namaste.
Siacoin (SCUSDT) Moves Ahead! (190% Potential)Siacoin (SCUSDT) is showing a good chart that can lead to additional growth.
Here we are looking at Siacoin vs Tether.
Today prices are moving above MA200 and this candle is about to close above this level... This can turn into a strong bullish signal.
With very strong indicators, MACD and RSI, we can say that this one is looking really good.
The potential is there for higher prices...
But, make sure to prepare in case it drops and the chart change.
Always be prepared for both scenarios.
Make sure to have a plan set before you trade.
Use a stop-loss...
And make sure to ENJOY THE PROFITS.
This is not financial advice.
Namaste.
Ocean Protocol All Signals (Higher Lows & More)We will look at all the now classic signals that I look at in the cryptocurrency charts, Altcoins vs Bitcoin.
This is OCEANBTC (Ocean Protocol) on the daily timeframe.
We have a low hit in January, early and a higher low hit in July, late. This is a very strong signal.
We normally look at EMA10 and EMA21 to gauge the bullish potential of a pair but here prices are already above EMA100, a much stronger signal.
The MACD is above zero while trending higher.
The RSI is way past 50 sitting at 66.84. These are strong bullish signals.
You can also come up with all sorts of patterns before the current bullish breakout that is taking place.
We have a wedge pattern, a cup pattern, a cup & handle pattern can also be drawn and so on.
Other altcoins are also moving really strong, I mentioned these earlier in the Bitcoin updates (TRU, IOTX, REQ, etc.) which is indicative of what will happen to the rest of the altcoins.
The stage is set for a strong bullish wave for the Altcoins we trade (Altcoins vs Bitcoin) and maybe even those we don't trade as I saw many Altcoins vs Tether also going bullish.
You've been warned with plenty of time...
This is not financial advice.
Namaste.
Contetos (COS) Breaks Above EMA100 (Update)We've been looking at COSBTC (Contentos) since it was around 33 satoshis.
Now the base is set at 38-40 satoshis and continues pushing up against resistance trying to grow.
Previous chart:
As you can see, the chart remains the same.
The only difference now is that COSBTC is clearly trading above EMA50 while challenging EMA100.
We are strongly bullish above EMA50 so the rest is patience for the GREEN ARROW to show up.
If momentum is lost, the red rectangle on the chart is where we find support, below it prices drop.
This is not financial advice.
Namaste.
Reading The Signals For Bitcoin (Bullish Not Bearish) | PatienceHere we have a daily (D) timeframe chart for Bitcoin (BTCUSD).
Each one of these candles stands for 24 hours.
The big bold black line on the chart stands for MA200.
Bitcoin is in a very strong bullish move right now and currently trading above EMA10, EMA50, all EMAs and also this MA200.
We remain strongly bullish above these level.
Before we can even think of a bearish scenario, MA200 at around $45,400 needs to be taken out.
There is no point in lookin at $37,000, $41,000 nor any other level as long as Bitcoin remains trading above ~$45,500 (MA200).
So, since we are bullish and strong, instead of focusing on the downside, we have to focus on the way up.
NOTE: If BTCUSD breaks and close below EMA10/MA200 (green/black lines), then we can onsider the bearish scenarios.
We also have $44,174 as support based on fibs.
As well as EMA21 ($42,635)... This all comes before $41,000...
Then again, we are on a bullish wave.
Thanks a lot for reading... Be patient, it will recover.
Namaste.
Beam Trade Signal w/ 100% As Potential TargetHere you have a chart fully mapped for BEAMBTC.
The targets listed below.
TP1: 0.00002000
TP2: 0.00002300
TP3: 0.00002600
TP4: 0.00002950
TP5: 0.00003450
Stop-loss marked on the chart.
This is not financial advice.
Thank you for your continued support.
Namaste.
Walton (WTC) Too, Also Ready (Targets Inside)Here is another pair that looks ready to move according to the chart signals; remember, we are reading the charts.
What I marked here with a light blue square is the higher low.
The low was hit in January 2021 and the higher low in July 2021... This is a very strong bullish signal.
Right now prices moved back above EMA100 (blue line) and the projection is up (green arrow).
The red dashed line at the bottom stands for support.
If it goes there, it can easily move lower.
As usual, we continue waiting until we see it grow.
The grey/orange dotted lines are the resistance levels (targets). Also mapped with a yellow square.
Thanks again for reading.
Namaste.
Cindicator (CND), It Can Happen Within DaysThis chart here is strongly bullish...
We've been waiting for a breakout for Cindicator (CNDBTC) and waiting is normal.
It takes time for any pair to consolidate and take off.
Here, CNDBTC is now trading above EMA10/21 and EMA50.
We have strong volume and both the RSI and MACD on the bullish side:
What these signals are telling us is that the breakout can now happen at anytime.
NOTE: The charts are always changing... Just as prices are now trading above EMA50 they can also fall back down and even go lower... For this reason, you need to plan ahead before trading.
Do your own research.
This is not financial advice.
I hope you enjoyed this article.
Patience is key to win.
It is very easy for us... We buy and we hold.
Namaste.
Ripple vs Bitcoin Long-Term Chart Since 2013 | 1000%+ PotentialOne of our followers asked for a long-term chart for Ripple vs Bitcoin (XRPBTC)... Here it is.
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To me it looks very simple and straight forward.
The market moves in cycles, we have bearish and bullish cycles.
Below EMA50 we have bearish cycles.
Above EMA50 we have bullish.
After the 01 January 2018 price peak, we had the longest bearish cycle in Ripple's (XRPBTC) history. Ending now.
In exchange, we are likely to experience the strongest bullish cycle next.
With follow up from the bulls, the charts technicals support this, we will see 500% to 1,000% within the next 3-12 months.
In a bull run scenario, after many months of sustained growth (higher highs and higher lows), a mania/euphoria phase can be experienced that produces numbers that are off the chart.
We normally don't trade based on this and just take it as an extra but this is surely a possibility.
Disclaimer:
This is not financial advice.
This information is shared for learning and entertainment purposes only.
Do your own research before trading.
I am just sharing what I see coming from this chart/my opinion.
Thanks a lot for reading.
Namaste.
Bitcoin Dominance UpdateRecently I shared a chart for Bitcoin Dominance (BTC.D).
Here is a follow up, short and simple...
I believe this chart will continue climbing until reaching 50 and higher.
The indicators, RSI and MACD, as well as the volume bars and the candles (candlestick reading) support this.
Previous chart:
Remember to hit LIKE and leave a comment.
Namaste.
Bitcoin Likely To Move Straight Up To $44,440 by WednesdayWe 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 low...
The whales, exchanges/miners/billionaires and institutions still have plenty of more power to continue pushing prices up.
The volume is still relatively low, signaling that there is room left available for more.
Now, (Second), everybody had more than 2 months and multiple times to buy below $31,000/$30,000...
We only have wicks below this level but that's about it.
If the Bitcoin prices was looking to go lower, then it wouldn't push up the way it is doing it today. We would see low steady growth rather than a full week of green.
Now that EMA300 and EMA50 have been conquered there is no reason to move back down since the support has already been tested and it is really strong.
With the support out of the way, we look at challenging the resistance levels next.
Finally, look at the action from 12 to 19 May and the huge red volume bar on the 19 May.
We should look for something similar but inverse.
Bullish consolidation (consolidation while prices move higher) followed by a strong, high volume, push upwards... This candle should hit $44,440 or higher at $49,000.
This can all happen very quickly in a matter of days... In theory.
Namaste.
Bitcoin Update (Daily Timeframe) + Altcoins & MoreWe 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, giving the bulls/green now the upper hand.
We have three consecutive green candles but also very low volume.
Low volume can be a tricky signal.
It is considered bearish but is not as simple as that.
First, we have to take into consideration the fact that we are in summer and volume has been low all across the board.
Second, we are entering a weekend.
Third, finally, low volume can signal that the action is just getting started... Or, this is just a weak move but we rather believe all the nonsense above just to support our bullish bias.
The RSI is now above 50 which is a clear signal that favors the bullish side.
The last one is the blue square on the chart.
This is our support zone.
We've been seeing strong buying in this same area since the initial strong drop in May.
The goal is to hit at least $37,000 to set a local higher high... And then hit above $41,000 so that we can continue the positive outlook.
All in all... We've been expecting BTC to go higher since July 21 (check the related ideas below).
Altcoins Update
The Altcoins vs Bitcoin pairs (ALTSBTC), the ones we trade, will continue bullish/higher highs and higher lows... All that is needed is patience with those.
When the summer is over, we will get back to massive growth.
Hitting like or leaving a comment is a way to show your support.
Remember, it doesn't matter what happens, you will always win if you never give up.
The only way to lose is by selling when prices are down.
If you made a mistake at some point or your trade just didn't go as planned, you can always wait it out or simply take the loss and move on.
The market offers endless opportunities...
Just as prices go down... They eventually move back up.
I love you my dear friend.
We've been together for many years now
THANKS A LOT FOR YOUR SUPPORT.
Namaste.
Bitcoin Update (Daily Timeframe) + Altcoins & MoreWe 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, giving the bulls/green now the upper hand.
We have three consecutive green candles but also very low volume.
Low volume can be a tricky signal.
It is considered bearish but is not as simple as that.
First, we have to take into consideration the fact that we are in summer and volume has been low all across the board.
Second, we are entering a weekend.
Third, finally, low volume can signal that the action is just getting started... Or, this is just a weak move but we rather believe all the nonsense above just to support our bullish bias.
The RSI is now above 50 which is a clear signal that favors the bullish side.
The last one is the blue square on the chart.
This is our support zone.
We've been seeing strong buying in this same area since the initial strong drop in May.
The goal is to hit at least $37,000 to set a local higher high... And then hit above $41,000 so that we can continue the positive outlook.
All in all... We've been expecting BTC to go higher since July 21 (check the related ideas below).
Altcoins Update
The Altcoins vs Bitcoin pairs (ALTSBTC), the ones we trade, will continue bullish/higher highs and higher lows... All that is needed is patience with those.
When the summer is over, we will get back to massive growth.
Hitting like or leaving a comment is a way to show your support.
Remember, it doesn't matter what happens, you will always win if you never give up.
The only way to lose is by selling when prices are down.
If you made a mistake at some point or your trade just didn't go as planned, you can always wait it out or simply take the loss and move on.
The market offers endless opportunities...
Just as prices go down... They eventually move back up.
I love you my dear friend.
We've been together for many years now
THANKS A LOT FOR YOUR SUPPORT.
Namaste.
Loom Is Ready To Boom! (130% Target Mapped)Loom is ready to boom!
We have three really strong candles in the past few days for LOOMBTC which points to a change of trend.
Our most basic signal to gauge the potential of a pair is when we look at EMA10.
When prices are below EMA10, we see the potential leaning towards the bears.
Above EMA10, we have bullish potential.
Two days ago LOOMBTC managed to break and close above EMA10 and so we now have additional growth.
We can expect this to continue...
The MACD and RSI also support this signal and the current action we are seeing take place.
Also, keep in mind that we are in summer now and close to the 4th of July... The market can start to move strong when people are on vacations... When "nobody" is watching.
After very strong bearish action many are pushed away.
When people are no longer interested...
When they think it is the end...
That is exactly when the market trend starts to change.
And now we see GREEN every single day.
Namaste.
Contentos (COS) Same Chart As Before... Bullish!COSBTC is still within its higher low and still accumulating (loading) before its next bullish move.
There isn't much to do here other than be patient and wait.
We are strong above 30 satoshis.
Below 30 satoshis (0.00000030), this can signal additional correction/retrace.
Since the current price is sitting at 34 with the MACD and RSI both moving up, we are likely to see a breakout soon that will hit around 40/42 and then, maybe, some additional growth.
Since the other altcoins are already growing, COSBTC will also have its turn.
The chart drawing here makes it pretty clear...
Thanks a lot for reading.
Thanks a lot for your support.
Namaste.
Kyber Network (KNC) Has Good Growth PotentialKNCBTC has been printing higher highs and higher lows ever since it starting growing after the early January 2021 low.
You can see this marked on the chart with red trendlines, an ascending channel.
Currently, we see its price moving above EMA10, EMA21 and more importantly, MA200.
Moving above MA200 is a strong bullish signal.
The RSI is strong above 50; the rooms are open for additional growth.
The entire period since January can be considered a sort of "bullish accumulation" which will lead to a massive bout of strong growth soon.
The targets are marked on the chart with yellow squares.
Get ready...
Thanks a lot for your support.
Namaste.
Yearn.Finance (YFI) Likely To Go Again...These signals are very simple:
1. YFIBTC Corrected and found support exactly at the 0.786 Fib. retracement level of the last bullish wave.
2. Its price is back above MA200 (black line).
3. Look at the bullish cross on the MACD (chart below).
4. Other altcoins (Altcoins vs Bitcoin) are starting to move strong.
MACD:
YFIBTC can potentially resume its uptrend here.
Note: If prices break and close below 0.83396, we are likely to experience additional bearish action (red arrows).
Any trading above 0.83396 (Fib. retracement support) and/or 0.89857 (MA200) and we stay bullish.
If the charts signals change we also change.
Always adapt to the market.
Namaste.
What About The Death Cross? Bitcoin Death Cross Signal ExplainedThis 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 instead we look for multiple signals to support our bias.
Meaning, one signal alone isn't good enough to call for a jump or drop in prices.
With that said, all signals have their meaning/value.
Some signals can be weak while others can be strong...
Having multiple signals pointing in the same direction can give you a better idea as to what is happening with any pair/asset and what might happen in the days to come (we are looking at the daily timeframe).
Back to the Bitcoin Daily (D) Timeframe Death Cross
Prices tend to gravitate towards the MA lines.
As you see MA50 and MA100 curving down, prices tend to gravitate towards these and move up...
The death cross as it shows up here is a "mid to long-term" signal.
Meaning that prices can bounce (move up) before going lower... It all depends on where the cross shows up and its strength.
The charts are always changing... Let me show you an example of a failed death cross:
Here we have the price "bounce" before lower prices...
We are likely to see something similar with the recent death cross we are experiencing since it showed up after a new All-Time High.
If the cross shows up after hitting support or a new low, then the results might be different...
Were you entertained?
Thank you for reading.
Thanks a lot for your continued support.
Namaste.
What About The Death Cross? Bitcoin Death Cross Signal ExplainedThis 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 instead we look for multiple signals to support our bias.
Meaning, one signal alone isn't good enough to call for a jump or drop in prices.
With that said, all signals have their meaning/value.
Some signals can be weak while others can be strong...
Having multiple signals pointing in the same direction can give you a better idea as to what is happening with any pair/asset and what might happen in the days to come (we are looking at the daily timeframe).
Back to the Bitcoin Daily (D) Timeframe Death Cross
Prices tend to gravitate towards the MA lines.
As you see MA50 and MA100 curving down, prices tend to gravitate towards these and move up...
The death cross as it shows up here is a "mid to long-term" signal.
Meaning that prices can bounce (move up) before going lower... It all depends on where the cross shows up and its strength.
The charts are always changing... Let me show you an example of a failed death cross:
Here we have the price "bounce" before lower prices...
We are likely to see something similar with the recent death cross we are experiencing since it showed up after a new All-Time High.
If the cross shows up after hitting support or a new low, then the results might be different...
Were you entertained?
Thank you for reading.
Thanks a lot for your continued support.
Namaste.
Full Moon Analysis Bitcoin Weekly -Likely Up Then Down Due To...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 before the continuation of the current move.
(Moving up before retesting support which will define if we actually go lower or keep growing).
Fibonacci Levels
The 0.618 Fib. retracement level for the current bullish cycle stands at $27160.27... This was my target on a bearish correction.
We saw prices go as low as $28,600 and now resistance is being faced at EMA50.
Here is the chart:
This is a strong level.
Prices can go as low as 0.786 fib. on a strong correction but if the bullish cycle is to continue then the 0.618 should be enough... This weekly candle close will provide much needed information but the trading volume (red) is relatively low, potentially signaling higher prices, specially if you consider the first signal just mentioned.
EMA50 (Bold magenta line)
We are looking at EMA50 here at ~$33750.
This is a very important level for Bitcoin on the weekly timeframe.
Staying above this level can signal that the bulls have a chance to resume the uptrend.
Breaking below it, signals that additional drop is to follow.
We still have several days for this week to end.
Confirmation comes only when the weekly candle closes.
See the same chart with the fibs.
Chart Structure / All-Time Highs (ATHs)
We have two peaks to look at for the following signal: Dec. 2013 and Dec. 2017.
Both these peaks are very different to the current one, Aprils's 2021 All-Time High, the date has also changed.
Here is the chart:
It all depends on how EMA50 as a support level is handled... We are STRONGLY BULLISH LONG-TERM.
Bearish cross of EMA10 and EMA21
A bearish cross between two EMAs can signal upcoming lower prices, but as soon as the cross comes in a bounce tends to take place.
Here is the chart:
I am going to be looking at the death cross on the daily timeframe in a different article on the requests of many.
We will see what it means from my perspective, what it is saying and what we can expect.
Bitcoin Weekly Conclusion
These signals we just saw are a bit of a mixture of bearish and bullish signals.
These are not 100% bearish but neither strongly bullish... We can see anything take place regarding to Bitcoin's price based on technical analysis.
I am of the side that believes that Bitcoin has more to offer before a long-term bear market and maybe a new All-Time High Q4 this same year and surely very high in the year 2022 and beyond.
What will it be?
$100,000, $200,000 or more?
New World Order
We will have another black swam event... Once it happens, we will have a better idea as to how Bitcoin will respond/perform.
Thanks a lot for reading and for your continued/amazing support.
This is Alan Santana.
Namaste.
