mastaplan

mastaplan

Who wouldn't be interested in another chance to buy Bitcoin in 2016?

mastaplan

Bitcoin nearly got ahead of itself there. A retrace was coming for the bullish short term scenario. Round numbers are always key areas but this time especially so. We have massive confluence of key psychological level, EMA zone, previous resistance plus fib levels of 0.5 and 0.382 of the current move. Often times just two of these factors would get a trader...

mastaplan

Following yesterday's post about Bitcoin's continuation of the 2 Day uptrend, BTC has moved today in line with that prediction and is now attempting to reverse back into an uptrend on the 4h. For anything who missed the break about yesterday daily close, you might get opportunities to re-enter on a pull back into the 0.5 line or the 0.618 of the latest move. The...

mastaplan

Zooming out a little on Bitcoin. The 2D uptrend is still intact and with a bullish candle looking to form in the EMA zone. Indicators also converging upwards. Technically the 1D uptrend is still intact too although things look a little less clear from there down. Sentiment has also slipped very slightly into fear with 44 on the Greed and Fear Index. We should...

mastaplan

It doesn't get much more bottomey than this. Double rounded bottoms with a higher low, a Golden Cross on the Daily, and a break of key resistance. Today is a key day. We are looking for a close above this resistance. However it would not be surprising if this does not wait around.

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The Crypto Market Cap minus BTC is one of the most important charts in crypto right now. For the last couple of weeks alts have given a higher beta than Bitcoin. The alts market have already had their golden cross and are moving hard towards the second layer of the angel cake. We also have some clear rounded bottoming. But this is certainly not yet a sign that...

mastaplan

With BTC climbing we are this time seeing much of the altcoin market overtaking it and BTC Dominance falling. But has altcoin season definitely arrived and a sustained bull market to come? From a technical point of view I'd be reluctant to call it this until the total market cap at least breaks above the 0.236 line of the current cycle's high and low. We tapped...

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BNBBTC has broken out of a rounded bottom formation that has been forming since December. It is currently above the 200 Daily MA and marching towards a target of 240k Satoshis. It will surely need to cool off somewhere on the way but for now it is showing strong commitment to the upside. Bulls interested in this should wait for an entry. A daily reminder not to...

mastaplan

There are some good fundamental reasons to be interested in ETH against BTC in a balanced crypto portfolio and I am also interested in a place to go long. But I got stopped out after a fakeout around 0.02045. It has since risen but is forming a wedgey structure with no significant increase in volume which is a bit unconvincing from the bulls. We also have some...

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After consolidating around $9300-$9500 we now have bullish candles on the Weekly, 3 Day, Daily (forming) and a beautiful hammer in the cradle on the 16h just closed. We also have the 10 EMA crossing upwards above the 20 EMA on the Weekly which counts for something. As for entering a position here, a decisive break above the weekly high of $9575 would give me...

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Cardano is looking bullish here against BTC (and even more so against USD). We are about to get a Golden Cross with the 50MA about to cross above the 200MA on the Daily. One thing to be careful of is whether this is indeed a break out of the bottom or just a product of being more or less in a sideways channel against Bitcoin since August. It has however been...

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The beautiful bullish hammer yesterday evening gave way to a 4% move overnight with BTC closing the day nicely above the 200 Day MA (1200 here on the four hour in orange). It met resistance at $9400 which is unsurprising since this has been a very significant level for months. I would not expect us to simply smash through from here since a little more of a...

mastaplan

BNB is a coin with a solid use case within an established company. It has also served as a good diversification to Bitcoin as part of long term portfolios. Technically it looks as though it could be about to break out of $18.50. It has touched this level four times over the last two weeks. A decisive break of this level could be good confirmation to buy for long...

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Bitcoin hit resistance at $9200 which is to be expected. However it is still showing promising price action on the 4h. It has bounced nicely off a retest of $8800 and the 200 Day Moving Average which it is still holding above. If we can hold above the 200 Day MA today (4.5 hours to go) this will be extra bullish. It is now forming a bullish 4h candle in the...

mastaplan

Whilst technically a bearish pattern, I'm 50:50 on this one. We could just as easily see a break upwards in my opinion. This is not uncommon in crypto during bullish sentiment. Also the wider significance of this move with recent accumulation in the Golden Pocket, a break out of its long term channel and fundamental reasons to be stacking Bitcoin with the...

mastaplan

How high will Bitcoin's rally go? Well no one knows. But here are two levels to watch.... We have significance confluence of fib levels based off the major highs and lows from the last two years. The Golden Pocket level has been very significant in both directions. We also have confluence of a third Golden Pocket with the downwards sloping resistance. I agree...

mastaplan

The 200 Day Moving Average is a significant level for all assets and certainly for Bitcoin. The main event for Bitcoin currently is a test of the 200 Day Moving Average resistance which it is currently under. However on the CME Futures chart BTC is already above its 200 Day MA. We can see from these charts that this Moving Average bears significance on the...

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BCHBTC could be setting up for a viable long opportunity right now with a possible continuation of the uptrend setting up. Ideally a trader would be looking for a pullback here to the golden pocket which clusters up nicely with the 0.5 line of the previous move. However to some, there is already enough reason to enter, with the break of the previous candle which...