Bitcoin Weekly Remains Bullish while above EMA50Why is Bitcoin bullish on the weekly time frame?
Bitcoin is trading for the first time since July 2018 above EMA50, now also holding above EMA100 making $5200 a very strong support level, and this can also make our charting easier.
EMA10 was broken in early March and hasn't been tested since Bitcoin moved above it.
So we are looking Bitcoin remaining bullish for as long as it is trading above these two moving averages, EMA50 and EMA100. A drop and close below these levels, can easily send Bitcoin down to test EMA10 at $4652.
So we keep it easy on the weekly...
Any trading above EMA50/100 leaves the potential for Bitcoin to move up anytime and challenge the next resistance, right now sitting at $5475 followed by $6030.
A break and close below $5200 can send Bitcoin to text our main support at $4970. If this level fails to hold, the next support is found at EMA10.
Bitcoin can easily make one final move up here before going on full retrace mode. I wouldn't expect for it to go much higher than $6030 and $6300 maximum before it starts to retrace if a move up is to happen.
The other scenario that I am mainly looking at is for BTCUSD to start retracing right away, but for this scenario to playout Bitcoin needs to break down EMA10 followed by EMA300 on the daily time frame.
You can see the full analysis here for the daily time frame:
So, where you think Bitcoin is headed next?
Feel free to hit like to show your support.
Thanks a lot for reading.
This is Alan Masters...
Namaste.
Kraken
Bitcoin Monthly: Challenges EMA10 Without... ?It's been a while since we looked at Bitcoin (BLX) on the monthly time frame, here we have some type of action never seen before for Bitcoin.
Starting August 2018, Bitcoin went negative for six (6) months straight, turning green only on February 2019.
March 2019 lead to Bitcoin breaking above EMA50 on the monthly time frame and is now trading shy above EMA10.
Bitcoin hasn't been above EMA10 on the monthly since Apr-Jul 2018. This is the first time in almost a year that Bitcoin is trading above this moving average, will it remain above it or go below?
The monthly chart looks pretty basic, it looks like a change of trend is starting to take place... A close above EMA10 with good volume can indicate that Bitcoin can continue growing more, but if instead if falls and closes below EMA10, a full retrace can start that can last several months.
Let's take a look at the indicators now:
MACD
The MACD histogram shows that the bottom is in, while the MACD line and signal are pointing to a long consolidation period before additional growth.
RSI
The RSI is now back on the bullish side after hitting an all-time low. There is plenty of room for a retrace and sideways action before massive growth.
Overall the view is good but there is one huge warning which negates the EMA10 challenge... There is no volume.
You would expect significant volume when challenging this type of resistance yet there isn't much. This goes in favor of a correction after one last potential jump/mini-jump.
This update goes in combination with the following analysis shared earlier today:
Bitcoin Still Trading Above EMA300, What Happens Next?
and...
Bitcoin Weekly Remains Bullish while above EMA50
Feel free to hit like now... If you want to.
Thanks a lot for the support.
This is Alan Masters.
Namaste.
Bitcoin Finds Support, Where To Next?Bitcoin has found support at the same level marked by the Expotential Moving Average of 10 periods, we marked it with a green line on this chart (EMA10)... Feel free to hit like now and let's start with this analysis... Thanks a lot for the support.
We know that the bullish potential remains as long as we trade above EMA10, but a break and close below it can easily send Bitcoin to test lower support levels.
We have the MACD clearly moving in favor of the bears. We have an upcoming bearish crossover, and the histogram moving lower.
Consolidation above EMA10 can lead to one last impulse to the upside, but this is the less likely scenario at this point.
A break below this support level and we can see Bitcoin testing $4660 quickly which is marked by EMA200.
I am leaning towards the retrace, if I go by the chart signals but the impulse up and still has good chance, as there hasn't been that much follow up by the bears.
I expect the entire market to retrace some more before any strong bullish action can be fully resumed.
The dashed lines on the chart, either above or below current price (light green), mark the most relevant resistance and support levels on this time frame.
This is not a piece of trade advice...
Thanks a lot for reading.
This is Alan Masters.
Namaste.
XBTUSD, long becouse there is too much bears on the market.I think market will go up. X-Volume shows to much bears on the market. Every long candle very easy selling. Bulls close theire positions with small volume. They are ready to redeem all sellers, they save up cash for this. Bulls target: 5230.
Waves High Volume Bounce (60%+ Possible)Waves had a massive run by the end of 2018, but started the year in full negative and retraced for a long 113 days.
Right now I am seeing some massive bullish action.
WAVESBTC is printing its highest volume bar since January, and it will likely close highest since last years bull run.
The bounce is happening after breaking below MA200, very strong support.
The RSI hit deep oversold and is now trending up.
I also find it interesting that Waves decided to move today that Bitcoin is moving down...
There is good potential for a strong bounce here. Remember to use a stop loss if you decide to trade this chart.
All content shared from Alan Masters is exclusive for learning, educational and entertainment purposes only.
Thanks a lot for reading.
Feel free to hit like to show your support.
(Direction and targets on the chart).
Namaste.
XTZETH, bot works >100% profit for 5 months.Guys, I posted a copyright bot. Rate work. The algorithm is based on the X-Volume indicator.
Kraken: XTZETH 2h, bot works >100% profit for 5 months.
Inputs at the time of a strong imbalance of market forces. The transaction must be opened 10-20 seconds before the signal candle closes in order to coincide as much as possible with the closing price.
Questions and suggestions in the development of the bot in a personal email. Naturally, it will soon become paid, therefore, we evaluate and trade. I want maximum criticism and constructiveness.
Altcoins Market + Bitcoin Starts To Retrace (Going for $4280?)Bitcoin started the much-expected retrace that everybody was waiting for.
The altcoin market is also retracing which is natural, healthy and good.
We had some major bullish action in the past few weeks. After a strong wave up, comes a strong wave down.
I believe this correction, for the altcoins market, can go for another 1-2 weeks, we will see how that goes.
Now back to Bitcoin:
I mentioned EMA300 (gray) in my last article, an impulse up and also a retrace. Now that Bitcoin broke below EMA300, even though the daily candle is yet to close, we can expect the retrace scenario to start to play out.
As main support levels I am looking for EMA200/MA200 as well as EMA100 (blue line) after that.
So the immediate support for Bitcoin (BTCUSD) in my view is EMA10 sitting at $5020 on BitFinex.
Bitcoin can move much lower and test multiple support levels before any bullish action is resumed.
Whether Bitcoin bounces right away, after a few weeks or goes deep down will depend on how this retrace develops, my main target is around $4500 and we will go from there.
What's your take on what Bitcoin will do next?
Please share in the comments section below... Oh, and remember to hit like if you enjoyed this post.
Namaste.
Bitcoin Daily vs Weekly, Bearish vs Bullish (Mixed Signals)Bitcoin has been doing great, the last bullish move followed its classic pattern, it moved differently to what most people expected and that is something that almost always becomes true.
Some major resistance levels were taken out like nothing, resistances that have been holding Bitcoin back for months and weeks. Now Bitcoin is sitting on a completely new set up, and we have bearish and bullish signals coming from all the charts, so what will happen next?
Will Bitcoin continue growing, or will it enter the classic retrace?
Let's start by looking at Bitcoin on the 4H time frame:
Here we can see strong bearish divergence on both the MACD and RSI.
BTCUSD has been able to stay above EMA10, which signals bullish potential, but we have decreasing volume and the EMA (green) line starting to curve down.
The last peak is barely higher than the peak from the 3rd April.
After a strong wave normally comes a retrace (this is not a real signal but we should also take it into consideration).
When looking at BitMEX, the second peak is lower than the first one so they are moving ahead in some ways, so we are looking at a double top short term which signals to a drop:
On BitStamp and CoinBase, we have the same pattern as in BitFinex, a higher high on low volume and strong bearish divergence, telling us that Bitcoin is more likely to go lower before continuing up on this time frame.
Bitcoin on the daily time frame:
Only the 4H time frame in this analysis is clearly bearish to me, the daily time frame is showing mixed signals, let's get to it:
The chart pattern we are seeing can produce another impulse move to the upside. Also the fact that even though BTCUSD is showing weakness with the mixed signals, it is still trading above EMA300. A close below EMA300 (gray line), will certainly send BTCUSD to test EMA200, above it, the bullish potential remains.
I believe that EMA100 (blue line) also needs to be tested since it took a long while for this level to be broken. So it needs to be tested as support eventually, it just doesn't need to happen now.
I can see some sideways consolidation happening around this level (current price) above EMA300, another possible scenario. But if Bitcoin is really bullish and wants to continue going up, it will most likely follow with the impulse or breakdown to remove weak hands and give a try at $6,000+. Right now this is the less likely scenario in my opinion and Bitcoin is more likely to retrace from here. Why? Let's look at the weekly chart now.
Bitcoin on the weekly time frame:
The resistance Bitcoin is challenging here is really strong, we are looking at EMA50 and EMA100. Good strength and volume is needed to break above these levels.
The signals here are mostly bullish. The MACD And RSI are.
Just looking at the chart structure, Bitcoin can break up immediately, but EMA200 (orange) was a very strong resistance that has just been conquered and the bulls took their time. I don't see them having any hurries... Bitcoin can consolidate, retest support before continuing up, that's the green line.
The blue arrow is the scenario where we go straight up, but we would still need a retrace after that and long consolidation before any sustained and maintained growth.
My view: We expect a drop followed by additional growth. This can all take weeks to develop, no need for rush. The altcoins can grow slowly while Bitcoin consolidates its new growth.
Conditions for change: If Bitcoin breaks down and closes below EMA200 ($4155) with good strength and volume, this would change our view from Bullish to Bearish mid-term. A close below followed by a bounce can happen, fake breakdown, this wouldn't change our view at all.
A close below MA200 ($3500) would change our view from Bullish to Bearish long term.
Everything above MA200 (black line) is bullish for us in the sense that Bitcoin projects long term growth for the future. This is all based on the weekly time frame/view/perspective.
What's your take on Bitcoin?
Where will it go next?
Are we going to drop now or continue up?
Please share your thoughts in the comments section below... Keep on reading!
Altcoins Market Update
I believe that the altcoins medium-sized and small market cap. altcoins (major altcoins are moving with Bitcoin) will continue to grow.
Those that already had huge gains will retrace and consolidate, those that are bottomed out will jump up and grow in value.
I will be reading charts and sharing what I see.
Feel free to hit like now if you found this trade idea useful or entertaining in any way.
Thanks a lot for the continued support.
This is Alan Masters, and soon I'll be back sharing some more.
Before I leave here is a quick phrase to maybe inspire you and motivate your day, in a very simple and beautiful way...
IT ALL CONTINUES AND IT KEEPS ON GOING
Life keeps on going, it all continues.
It doesn’t matter if you believe it or not.
It doesn’t matter if you think is right or wrong.
It no longer matters if the answer you gave was correct.
It doesn’t matter if it was wrong, it never mattered for anyone anyway.
Life goes on, meditation or not.
Life maintains its pace, doesn’t matter if you meditate.
So it doesn’t matter how far you really go…
If you are trying to make sense of everything, enjoyment is the answer when you finally reach the goal.
Life is not meant to be understood.
Life is meant to be enjoyed.
Namaste.
Verge (XVGBTC) Highest Peak & Volume Since 2018Verge (XVGBTC) is moving again and this time it has finally broken above MA200. This resistance has been holding Verge back since early January 2019.
Trading volume is also at its highest since April 2018.
The RSI is also showing some strong bullish momentum.
The next resistance to break is EMA200.
If XVGBTC and move past it, you can expect some major gains.
All targets are marked on the chart.
The dashed brown line at the bottom can be used as a stop loss.
We have an active trade since November 2018, you can see it here:
Feel free to hit like now.
Thanks a lot for continued the support.
Namaste.
NANO Cup & Handle Bullish Pattern @alanmastersNANO Isn't really looking bullish to me as it is trading below all major resistance in the form of moving averages, yet, here we are...
Feel free to hit like now, if you want to... and let's continue.
So, MA200 (black line) is the resistance that has been holding NANOBTC price down, if this level can be broken, you can expect strong bullish action.
As for the pattern on the chart and title, we are looking at a Cup & Handle. This is a bullish pattern and if it plays out it can generate good profits for us.
All the details are marked on the chart above. The brown dashed line at the bottom is the stop loss. Remember we always use a "manual stop-loss" to avoid losing money to stop-loss hunters.
You can read more about manual stop-loss here:
Now, regardless if this pattern plays out or not, we have an active trade for NANOBTC which can be found here:
Remember that patience is the key. Whichever altcoin you choose, stick to it, wait patiently and sell on target on the way up.
If the stop loss is activated, we close at a loss and move on.
We do not cry or complain, we simply move on as more opportunities will always be made available to us by mother nature, God, and our Angels.
In the case we win, we are really grateful, we collect the profits and still move on.
This is a money making game. So as long as you are making money you are winning, regardless of what anybody says.
Feel free to hit like if you were entertained.
This is Alan Masters and I love you!
Thanks a lot for reading...
NAMASTE!
Litecoin (LTCM19) SHORT BitMEX (Up to 113.9% ROE at 10X)I am looking at Litecoin (LTCM19) on BitMEX.
It had some really awesome bullish action, together with the entire cryptocurrency market... We love this bullish action and there is more coming in the near future.
After a wave up, comes a wave down.
A am looking at an exhausted MACD and RSI.
A classic ABC correction after the first peak was hit, so the retrace can resume now.
A break below EMA10, this signal is yet to be confirmed (4H candle is yet to close).
the last candle is displaying growing bear volume.
These are just a few of the signals that I am seeing right now which tells me that LTCM19 might retrace further... This is not a piece of trade advice, this is a chart analysis. All the details on the chart.
All of my trades contain buy-in, targets, stop-loss, profits potential (ROE), capital allocation, and much more.
Trading on BitMEX is for smart, robust and highly experienced traders only. If you are a beginner, make sure to start trading in exchanges such as Binance and Bittrex, there is no liquidation there and just too easy and profitable, the only tool needed to profit is patience.
Trades can generate great fast easy profits, just as they can generate a loss. Intermediate and advanced traders are quite familiar with this. If by any chance you believe that trades can only go right, please start with non-leverage trading as it will be better for your mind and money.
Feel free to hit like if you would like to see a full trade for LTCM19. If this trade idea receives more than 150 likes, I will share this trade with over 110% ROE (normally develops fully within a few days).
Thanks a lot for reading.
Namaste.
[EXPBTC][9790% PP] Expanse Hits All Time LowExpanse (EXP) Overview
Expanse is an open blockchain platform forked from Ethereum that lets anyone build and use decentralized applications that run on blockchain technology. Like Bitcoin and Ethereum, no one controls or owns Expanse – it is an open-source project built by many people around the world. But unlike the Bitcoin protocol, Expanse was designed to be adaptable and flexible. It is easy to create new applications on the Expanse platform.
Expanse (EXPBTC) Chart
Chart long term:
Short term we are looking at:
Highest volume bar since March 2018.
Bullish RSI.
Trading above EMA10 & EMA50.
Expanse (EXPBTC) Trade by Alan Masters
Buy in: 0.0000230 – 0.0000270
Targets for EXPBTC:
(1) 0.00003030
(2) 0.00003660
(3) 0.00004110
(4) 0.00004680
Stop loss: Close weekly candle below 0.0000202
Capital allocation: <5%
BE YOURSELF
The sun and the moon are always there for you.
The stars and the sky are always there to shine.
Myself and yourself… we are here to stay.
Remember your past, future and present… Life for us is meant to be great.
Live in the present, if you want to create your own road.
Enjoy everything that comes to you…
Enjoy more of life.
Enjoy more of this moment.
Enjoy by bathing yourself with the people you love.
Focus on all the good around you, for now and the time that’s to come.
And you will see how it all multiples, just to adapt to your recurring thoughts.
Thinking about what you want is how you can achieve the best way to be…
Be yourself…
That’s the best strategy to always succeed.
Namaste.
Bitcoin Gold Moves As Expected (Altcoins Market)Bitcoin Gold (BTGBTC) is moving just as we expected and is already generating good profits for all of us.
Breaking above EMA10, it is printing the highest volume bar since April 2018; so the biggest volume in an entire year. We are expecting additional bullish action from this altcoin. You can see the trade I shared here for additional targets (enjoy the profits):
I sent a message about the upcoming retrace for the altcoins and clearly mentioned to use this retrace as an opportunity to rebuy and reload, I say this often, so all of our trades remain active and generating massive profits.
Many had a strong wave and are now back within buy-in range to generate additional gains. These altcoins, all major medium-sized and small market cap. altcoins, will not go lower instead they will consolidate and continue with their growth after it.
Many new opportunities will be developing all of the time.
So make sure to remain active and positive, since we are looking at only the beginning.
Feel free to hit like if you want to see more trades and analyses.
Thanks a lot for the continued support.
Namaste.
Ripple Vs Tether (XRPUSDT) Multiple Time Frames (900%+)Good day my fellow crypto-traders, I am hoping you are enjoying the bullish days and great profits that are coming from the different altcoins we share on a daily basis... This is just the beginning and much more is to come in the weeks and months ahead.
Now, feel free to hit like/thumbs up and let's get started.
We will be looking at Ripple vs Tether (XRPUSDT) on two different time frames, daily and weekly, and we start with the daily chart.
Daily chart:
I was asked to look at Binance but the Bittrex chart has more data so we will be using this one, they are basically the same.
XRPUSDT Hit a low on the 14th August 2018. This happened for many altcoins, hitting a low on the 14th August 2018 but Ripple is different, after this low most altcoins went ahead and hit new lows on September and then November, while Ripple gained strength and started producing higher lows. So far the 14th August 2018 low is the bottom after the 2017/18 cryptocurrency market bull run.
In September 2018, XRPUSDT had a strong run and grew by 210%. A strong correction followed and XRP moved within a symmetrical triangle until recently. On the 25th February, XRPUSDT managed to break out of this triangle passively but hasn't done any new strong wave up.
(In a recent article, looking at Ripple on BitMEX, I mentioned that I believe it will make a strong move in a matter of weeks. Looking at XRP closer, I am getting the same feeling... Let's continue with the analysis).
After breaking this triangle, XRPUSDT has been bearish with EMA100 rejecting its growth twice. Jumping ahead, EMA100 (blue line) is the resistance to break for any significant move up.
We have the RSI leaning to the bearish side and the MACD neutral with bearish tendencies.
Now trading below EMA10 and EMA50, XRPBTC can breakdown before making a move up. The green and red arrows represent two of the most likely scenarios that can come to reality in a matter of weeks or a few months, but not much longer.
Before we continue with the weekly time frame, let's have a look at the daily zoomed out:
Here we can clearly see that Ripple (XRPUSDT) wants to keep on growing long term. The bears have no more strength, they have no volume, so the strong wave is most likely to happen to the upside, after 1.4 years of a bear run.
A breakdown can lead to test lower support levels, marked on the chart, but these scenarios are very unlikely and would still end up with a strong bounce up.
Remmeber the like button... :D
As for the weekly time frame... I don't think it is necessary. Ripple (XRPUSDT) has lots of bullish potential long term and the consolidation/accumulation phase is almost over.
We need to look for a close above EMA10, once that happens we start to look at the bullish potential. While XRPUSDT remains trading below it, the potential remains on the bearish side.
Here is the chart:
Ripple is normally stronger when Bitcoin is weak. So if you see Bitcoin gaining strength, you can expect XRP to become weak. When Bitcoin becomes weaker, XRP becomes stronger, this is more pronounced on the short term view.
When the entire market goes on bull mode, then forget about the above and everything just grows.
Feel free to leave a comment if you have any questions or enjoyed this post.
This is Alan Masters.
Thanks a lot for reading and your continued support.
Namaste.
Cardano on BitMEX [ADAM19][SHORT][10X][122.9% ROE]Here is your Cardano (ADAM19) trade on BitMEX... As promised.
Remember that this is a high-risk trade for advanced traders only.
If you are a beginner looking for secure, long term profits, go for our highly profitable altcoins trades.
All of my BitMEX trades are super high-risk and for advanced traders only.
Trade at your own risk... This is not financial advice.
With that said. Great luck and profits.
-----
Trade: SHORT ADAM19
Leverage: 10X
Buy-in: 0.00001699 – 0.00001677
Time Frame: 4H
Targets:
(1) 0.00001638
(2) 0.00001586
(3) 0.00001549
(4) 0.00001505
Stop loss: Close 4h above 0.00001730
Liq. price: 0.00001816
Profit Potential: 122.9% ROE
(Buy-in calculated at 0.00001690)
Capital Allocation: <7%.
-----
Namaste.
Buy Tezos like a ChadTezos
Write smart contacts with formal verification.
Formal verification uses math to specify and analyze a program for errors in logic.
Ethereum’s Parity wallet bug led to a $180 million in losses.
A bug The DAO enabled a hacker to siphon $50 million from the Ethereum smart contract.
Tezos smart contract languages are specifically designed to facilitate formal verification.
Lots of newbies hate Tezos due to Tezos being able
to raise so much money with their ICO.
It's painfully obvious actually that they can do
a lot with that money.
They had some issues in the past but they really
showed that they kept building.
Bitcoin (XBT) 25X SHORT (83% ROE FAST)I am seeing a potential short with super high leverage, I am talking 25X here.
Here are the signals:
Trading below EMA10.
Bearish MACD crossover.
MACD bearish divergence.
RSI bearish divergence.
Decreasing volume.
This is ultra high-risk and not intended for anybody who isn't 300% certain of what they are doing.
I repeat, for ultra-experienced traders only.
Feel free to hit like if you would like to see the full trade details (buy-in, targets, stop-loss, and capital allocation).
This is time sensitive. Details are marked on the chart.
Thanks a lot for reading and your continued support.
Namaste.
Ambrosus Looking Really Bullish (Next?)Ambrosus (AMBBTC) is looking really bullish right now.
The RSI is already above 50. Fifty is the neutral zone, above it for me signifies bullish.
The MACD dropped below 0 but is curving up to print a bullish crossover, this one is an early signal and still needs to be confirmed.
But best of all is the huge volume. I am seeing the highest volume since 2017. To me this can signal the begining of a strong move up, but here is the catch. It can happen now, tomorrow or in a few weeks time.
Looking at the bullishness of all of the Binance altcoins, if this is to continue, we can expect AMBBTC to move soon.
This is a friendly reminder to all of my great supporters, I am hoping you can bless with your continued support.
Thanks a lot for reading... and make sure to enjoy the profits on the way up.
Namaste.