🅱️ A $37,000 Bitcoin Next | Altcoins Bull-Market?
Bitcoin has been doing great lately and after confirming EMA100 as support it is now moving back above MA200 or $28,000.
✔️ Bitcoin (BTCUSD) trading above $28,000 is ultra-bullish and this opens the doors for $31,000, $35,000 and $37,500 short-term.
There will be additional growth for sure but these are the targets now based on current price action.
Any retracement that can happen within 2 weeks will be minimal with support found at current levels or between the 26-28,000 price range.
✔️ Prepare for the strongest bullish wave of 2023... Bitcoin & Altcoins.
Namaste.
✔️ Bitcoin (BTCUSD) trading above $28,000 is ultra-bullish and this opens the doors for $31,000, $35,000 and $37,500 short-term.
There will be additional growth for sure but these are the targets now based on current price action.
Any retracement that can happen within 2 weeks will be minimal with support found at current levels or between the 26-28,000 price range.
✔️ Prepare for the strongest bullish wave of 2023... Bitcoin & Altcoins.
Namaste.
Comment:
🅱️ Bitcoin Monthly Timeframe Price Action (Candles)
Since February 2019, Bitcoin has never closed red more than 3 months.
In April 2021 we get the "peak" of the bull-market which is immediately followed by 3 months closing red, the first time since 2019 after years of growth.
In November 2021 a higher high happens as part of a correction, a dead-cat bounce, the correction ending in a higher high due to monetary expansion (money printing, aka "inflation"). This is again followed by 3 months red, a small break in April/March 2022 and then one final 3 red months sprint.
In June 2022 we get the bear market "low", the orthodox end of the bear market. The lower low in November 2021 is part an irregular correction and is quickly followed by bullish growth.
Only between April 2021 and June 2022 we get more than 2 months red, this is because of the bear-market climax...
The entirety of 2023 has been UP!
After breaking a major resistance level in March (20,000 & 25,00), Bitcoin has been going through sideways consolidation.
After two months red, current price action, last month closed green.
This month started with strong bullish action, is still early but now that EMA200 has been confirmed as support we can expect the next move to start to take form.
Why a bullish breakout rather than a bearish breakdown?
The initial move is a bullish breakout, January through March 2023.
The next move is a 6 months long consolidation phase.
Consolidation is a continuation pattern.
As long as Bitcoin trades above its March 2023 low, the consolidation pattern remains valid and we can continue to expect for prices to grow.
This month starting green from the get go is also a strong revealing signal...
We would need the creation of a bearish pattern long-term (monthly), to see Bitcoin going down instead of up. Since Bitcoin is super strong above 20,000... Patience is key.
The correction before the halving can be a fast one so there is plenty of time for Bitcoin to grow before the correction shows up.
After the halving... Massive growth, similar to 2021 and 2017.
Since February 2019, Bitcoin has never closed red more than 3 months.
In April 2021 we get the "peak" of the bull-market which is immediately followed by 3 months closing red, the first time since 2019 after years of growth.
In November 2021 a higher high happens as part of a correction, a dead-cat bounce, the correction ending in a higher high due to monetary expansion (money printing, aka "inflation"). This is again followed by 3 months red, a small break in April/March 2022 and then one final 3 red months sprint.
In June 2022 we get the bear market "low", the orthodox end of the bear market. The lower low in November 2021 is part an irregular correction and is quickly followed by bullish growth.
Only between April 2021 and June 2022 we get more than 2 months red, this is because of the bear-market climax...
The entirety of 2023 has been UP!
After breaking a major resistance level in March (20,000 & 25,00), Bitcoin has been going through sideways consolidation.
After two months red, current price action, last month closed green.
This month started with strong bullish action, is still early but now that EMA200 has been confirmed as support we can expect the next move to start to take form.
Why a bullish breakout rather than a bearish breakdown?
The initial move is a bullish breakout, January through March 2023.
The next move is a 6 months long consolidation phase.
Consolidation is a continuation pattern.
As long as Bitcoin trades above its March 2023 low, the consolidation pattern remains valid and we can continue to expect for prices to grow.
This month starting green from the get go is also a strong revealing signal...
We would need the creation of a bearish pattern long-term (monthly), to see Bitcoin going down instead of up. Since Bitcoin is super strong above 20,000... Patience is key.
The correction before the halving can be a fast one so there is plenty of time for Bitcoin to grow before the correction shows up.
After the halving... Massive growth, similar to 2021 and 2017.
Comment:
Bitcoin downside can be limited in the long-term.
On a strong major correction, the lowest level we can expect to see is around 20,000.
If things get pretty bad, the 18,000/17,000 range is possible.
Wicks and sudden surprising moves are also possible but very unlikely we ever see again below 15k, 13k, 11k or lower... Such prices are most likely a thing of the past.
On a strong major correction, the lowest level we can expect to see is around 20,000.
If things get pretty bad, the 18,000/17,000 range is possible.
Wicks and sudden surprising moves are also possible but very unlikely we ever see again below 15k, 13k, 11k or lower... Such prices are most likely a thing of the past.
Comment:
🅱️ Bitcoin will continue forward right away...
Here is a short-term chart for Bitcoin Cash (1H & 4H)
Notice the higher low and how clearly everything is turning bullish.
I used this same pair after the September 27 bullish breakout, Bitcoin had a retrace and I needed to know if the up move was a fakeout or there was more.
Seeing that Bitcoin Cash went ahead, a pair that moved first, I extrapolated that Bitcoin would soon follow and it did.
Looking at Bitcoin short-term, 1H and 4H, is not quite clear yet, one can read this chart as mixed:
That's when the Altcoins can be very useful... Whichever one is leading the game, can be used to confirm what the king is most likely to do next.
✔️ I see BCH going green short-term, this tells me that Bitcoin will do the same.
Straight up!
Namaste.
Here is a short-term chart for Bitcoin Cash (1H & 4H)
Notice the higher low and how clearly everything is turning bullish.
I used this same pair after the September 27 bullish breakout, Bitcoin had a retrace and I needed to know if the up move was a fakeout or there was more.
Seeing that Bitcoin Cash went ahead, a pair that moved first, I extrapolated that Bitcoin would soon follow and it did.
Looking at Bitcoin short-term, 1H and 4H, is not quite clear yet, one can read this chart as mixed:
That's when the Altcoins can be very useful... Whichever one is leading the game, can be used to confirm what the king is most likely to do next.
✔️ I see BCH going green short-term, this tells me that Bitcoin will do the same.
Straight up!
Namaste.
Comment:
Going deeper into Bitcoin, the 1H chart is showing another clear continuation pattern.
We can see a lower low followed by a higher low before additional growth.
Volume always moving in favor of green.
We can see a lower low followed by a higher low before additional growth.
Volume always moving in favor of green.
Comment:
The above mentioned signal can also work in reverse, BCH & Bitcoin.
What happens when a pair is no longer clear?
Say Bitcoin Cash is no longer easy to read, in that case we can look at other Altcoins for new clues.
Cardano and Bitcoin have a positive correlation forever, just as most of the Cryptocurrency market, in fact, most of the world economy is positively correlated in many and varied ways.
Bitcoin Cash is already high up and when an Altcoin is already trading high, the chart is harder to read because signals can become mixed, specially in the short-term as we just did above.
Here is Cardano (ADAUSDT) on the daily timeframe:
Clearly coming out of a rounded bottom, as well as trading higher currently compared to June 2023 and December 2022.
Cardano trading daily above EMA50 opens the door for mid-term bullish potential.
Taking account the positive correlation with Bitcoin, we can say that the bullish Cardano charts support a bullish Bitcoin as well.
This signal can be weak or strong but if you find say dozens of Altcoins going bullish, turning bullish and breaking bullish, some growing by 100, 200 and even 300%, that's an indication that the market is preparing for a bullish wave.
We can know this based on the Bitcoin chart on its own... Weekly above EMA200, etc., but here we get additional confirmation with the Altcoins just to make sure our perception is not wrong.
Still, we always consider the possibility that the market can breakdown and move lower, retest support... Even if this happens, the next major move would still be up.
Based on the chart technicals when considering multiple timeframes...
Leave a comment if you have any questions.
Thanks a lot for your support.
What happens when a pair is no longer clear?
Say Bitcoin Cash is no longer easy to read, in that case we can look at other Altcoins for new clues.
Cardano and Bitcoin have a positive correlation forever, just as most of the Cryptocurrency market, in fact, most of the world economy is positively correlated in many and varied ways.
Bitcoin Cash is already high up and when an Altcoin is already trading high, the chart is harder to read because signals can become mixed, specially in the short-term as we just did above.
Here is Cardano (ADAUSDT) on the daily timeframe:
Clearly coming out of a rounded bottom, as well as trading higher currently compared to June 2023 and December 2022.
Cardano trading daily above EMA50 opens the door for mid-term bullish potential.
Taking account the positive correlation with Bitcoin, we can say that the bullish Cardano charts support a bullish Bitcoin as well.
This signal can be weak or strong but if you find say dozens of Altcoins going bullish, turning bullish and breaking bullish, some growing by 100, 200 and even 300%, that's an indication that the market is preparing for a bullish wave.
We can know this based on the Bitcoin chart on its own... Weekly above EMA200, etc., but here we get additional confirmation with the Altcoins just to make sure our perception is not wrong.
Still, we always consider the possibility that the market can breakdown and move lower, retest support... Even if this happens, the next major move would still be up.
Based on the chart technicals when considering multiple timeframes...
Leave a comment if you have any questions.
Thanks a lot for your support.
Comment:
We can say Bitcoin is experiencing some volatility but with a bullish bent/bias.
The "last 4h session" that closed ended up pretty good for the bulls:
Notice the "long lower wick", how it pushed prices below EMA10, EMA21 and EMA50 just to reverse within the same session and close really strong. A low of 27,192 while the close happened at 27,955, 2.8% higher.
The volume is also really high on this candle compared to other sessions.
A new short-term "uptrend" or ascending channel is now in place. This channel started to develop after a low was hit 25-Sep...
The next barrier is a close daily above MA200 but there is no worry, the market can take as long as it needs... That's something to consider... Patience is key!
By the way, $31,000 much faster than 3 weeks...
Might happen before the 15th of this month.
The "last 4h session" that closed ended up pretty good for the bulls:
Notice the "long lower wick", how it pushed prices below EMA10, EMA21 and EMA50 just to reverse within the same session and close really strong. A low of 27,192 while the close happened at 27,955, 2.8% higher.
The volume is also really high on this candle compared to other sessions.
A new short-term "uptrend" or ascending channel is now in place. This channel started to develop after a low was hit 25-Sep...
The next barrier is a close daily above MA200 but there is no worry, the market can take as long as it needs... That's something to consider... Patience is key!
By the way, $31,000 much faster than 3 weeks...
Might happen before the 15th of this month.
Comment:
A better perspective is now available through the daily timeframe:
Here we can see BTCUSD trading below MA200 (black line on the chart), this level is working as resistance short-term.
At the same time Bitcoin is trading above EMA50/21/10 which is a positive.
This is a classic "bullish flag", a strong continuation pattern.
MA200 at 28,043 is likely to break as resistance since this level was already challenged in late August. This challenge led to a strong rejection. This time around this level continues to weaken and instead of a rejection we can see the bulls pushing up...
It can be just a matter of days before the next high shows up.
Here we can see BTCUSD trading below MA200 (black line on the chart), this level is working as resistance short-term.
At the same time Bitcoin is trading above EMA50/21/10 which is a positive.
This is a classic "bullish flag", a strong continuation pattern.
MA200 at 28,043 is likely to break as resistance since this level was already challenged in late August. This challenge led to a strong rejection. This time around this level continues to weaken and instead of a rejection we can see the bulls pushing up...
It can be just a matter of days before the next high shows up.
Comment:
Tellor has been growing and growing and growing, over 780% in the past few months; more than 600% in just 6 weeks.
This is what I see coming for Bitcoin and many Altcoins...
Tellor is a great example of a pair already moving and Cardano a great example for a pair coming out of support/bottom low... We normally prefer the latter for trading purposes but all is good for sure!
Cryptocurrency is bullish (green)!
Thank you for reading.
Namaste.
This is what I see coming for Bitcoin and many Altcoins...
Tellor is a great example of a pair already moving and Cardano a great example for a pair coming out of support/bottom low... We normally prefer the latter for trading purposes but all is good for sure!
Cryptocurrency is bullish (green)!
Thank you for reading.
Namaste.
Comment:
The highest daily close to the upside since 20-June happened 1st October, Bitcoin closed at 27,995.
Today Bitcoin is trading above 28,030... Why I am sharing this?
See this chart:
Bitcoin is trading above 28,000 near the sessions close.
👉 Closing above the mentioned level, which also matches MA200 being broken as resistance, would send Bitcoin flying up fast towards 31K. Not within weeks but if this confirmation comes in we will see really fast up, within days.
So far it is looking good... Things are changing... I can feel it in the air!
Today Bitcoin is trading above 28,030... Why I am sharing this?
See this chart:
Bitcoin is trading above 28,000 near the sessions close.
👉 Closing above the mentioned level, which also matches MA200 being broken as resistance, would send Bitcoin flying up fast towards 31K. Not within weeks but if this confirmation comes in we will see really fast up, within days.
So far it is looking good... Things are changing... I can feel it in the air!
Comment:
Ok... How are you doing in this day?
We are looking mainly at 4 timeframes, so let's define our levels for each timeframe in case things change.
The charts are always changing so is good to be prepared for everything.
✔️ Short-term: We are going to be using the 1H and 4H timeframe.
✔️ Medium or intermediate-term: We are going to be using the Daily (D) timeframe.
✔️ Long-term: We use the Weekly (W) and Monthly (M) timeframes; mainly the weekly because the month is pretty long when we are here on a daily basis.
----
👉 Short-term, the numbers are pretty straight forward:
Above 0.5 and 0.618 Fib. retracement we are super bullish.
Closing below 26,900 weakens the bullish bias and below 26,500 it is lost in this frame.
The same numbers can be used for the 4H chart.
This can be adjusted to personal liking depending on what use you are giving to these numbers.
Above 26,050 the bulls are good on the 4H frame.
==
👉 Medium-term, the relevant number comes up as 24,915.
Any trading above this level and the bullish bias for the intermediate term remains intact regardless of any short-term price swings.
If Bitcoin moves and closes below 24,915 then the medium-term projections can change. Medium-term between 1-3 months. Can change but all scenarios always remain open.
For example, if the market is weak as a liquidity hunt move prices can drop and even close for a few days below the last low just to quickly recover the proceeding days... This would actually be a bullish rather than bearish signal.
If we get a breakdown but there is no continuation of the breakdown then this is called a "failed signal" and works in reverse.
Just as we saw 29-August a strong bullish candle that was quickly reversed, this worked in favor of the bears.
Let's continue...
==
👉 Long-term, Bitcoin looks great, lots of support in case of bearish momentum developing... We are bullish though.
Fib retracement 0.382 is the strongest right now, while EMA50 (26,900) and EMA10 (27,350) are also relevant.
Look at the chart above... Any trading above the fibs is ultra-bullish.
These are the main support levels.
Technically speaking, as long as Bitcoin trades above the November 2022 low, the bias is bullish.
In general and more reasonable, any trading above 0.618 Fib. retracement (21,758) is ultra-bullish... We can round this up to super good above 20K ($20,000).
----
These are the support levels defined but right now Bitcoin is bullish and nearing the weekly close.
MA200 is the main resistance weekly at 28,073.
We need a close above 28,100.
Even if this week fails to break MA200 as resistance, we have next week and the next one and so on.
The longer it takes for Bitcoin to develop bullish momentum, the stronger the bullish wave that will follow.
The Altcoins can move ahead while this consolidation phase continues, but it won't last forever. The smaller Altcoins.
The big Altcoins are just like Bitcoin and they move together with Bitcoin, so if Bitcoin goes sideways these tend to do the same. When Bitcoin breaks up, the big Altcoins follow... The smaller ones tend to move stronger when Bitcoin goes sideways within a bullish wave.
Thanks again for reading...
This day truly feels like a beautiful day!
Namaste.
We are looking mainly at 4 timeframes, so let's define our levels for each timeframe in case things change.
The charts are always changing so is good to be prepared for everything.
✔️ Short-term: We are going to be using the 1H and 4H timeframe.
✔️ Medium or intermediate-term: We are going to be using the Daily (D) timeframe.
✔️ Long-term: We use the Weekly (W) and Monthly (M) timeframes; mainly the weekly because the month is pretty long when we are here on a daily basis.
----
👉 Short-term, the numbers are pretty straight forward:
Above 0.5 and 0.618 Fib. retracement we are super bullish.
Closing below 26,900 weakens the bullish bias and below 26,500 it is lost in this frame.
The same numbers can be used for the 4H chart.
This can be adjusted to personal liking depending on what use you are giving to these numbers.
Above 26,050 the bulls are good on the 4H frame.
==
👉 Medium-term, the relevant number comes up as 24,915.
Any trading above this level and the bullish bias for the intermediate term remains intact regardless of any short-term price swings.
If Bitcoin moves and closes below 24,915 then the medium-term projections can change. Medium-term between 1-3 months. Can change but all scenarios always remain open.
For example, if the market is weak as a liquidity hunt move prices can drop and even close for a few days below the last low just to quickly recover the proceeding days... This would actually be a bullish rather than bearish signal.
If we get a breakdown but there is no continuation of the breakdown then this is called a "failed signal" and works in reverse.
Just as we saw 29-August a strong bullish candle that was quickly reversed, this worked in favor of the bears.
Let's continue...
==
👉 Long-term, Bitcoin looks great, lots of support in case of bearish momentum developing... We are bullish though.
Fib retracement 0.382 is the strongest right now, while EMA50 (26,900) and EMA10 (27,350) are also relevant.
Look at the chart above... Any trading above the fibs is ultra-bullish.
These are the main support levels.
Technically speaking, as long as Bitcoin trades above the November 2022 low, the bias is bullish.
In general and more reasonable, any trading above 0.618 Fib. retracement (21,758) is ultra-bullish... We can round this up to super good above 20K ($20,000).
----
These are the support levels defined but right now Bitcoin is bullish and nearing the weekly close.
MA200 is the main resistance weekly at 28,073.
We need a close above 28,100.
Even if this week fails to break MA200 as resistance, we have next week and the next one and so on.
The longer it takes for Bitcoin to develop bullish momentum, the stronger the bullish wave that will follow.
The Altcoins can move ahead while this consolidation phase continues, but it won't last forever. The smaller Altcoins.
The big Altcoins are just like Bitcoin and they move together with Bitcoin, so if Bitcoin goes sideways these tend to do the same. When Bitcoin breaks up, the big Altcoins follow... The smaller ones tend to move stronger when Bitcoin goes sideways within a bullish wave.
Thanks again for reading...
This day truly feels like a beautiful day!
Namaste.
Comment:
It seems a major move is now imminent...
Comment:
The week is about to close in a few minutes.
Bitcoin closed last week above EMA10, EMA21, EMA50 and EMA100 to the upside for the first time since June.
This week it managed to stay above all these levels:
MA200 (28,073) is still working as resistance but overall this is a bullish development. Volume is slightly higher as well this week.
It would be very bad/bearish to have Bitcoin closing above EMA50/100 last week just to move back below these levels this week.
While it still needs to move ahead, the bullish bias remains strong above 25,735 (EMA200) or consider the levels mentioned in previous comment updates.
That's it for the first week of October.
Let's see what the market will give us next week.
We are seeing fireworks after the 10 October, when Pluto stations direct in Capricorn... After the 15th, as more positive news start to sink in.
We can interpret the signals and read the charts in whatever way we want but it cannot be denied that this year is a bullish year, the numbers are saying... Bitcoin is up 68% YTD.
That's good... We would love to see more.
Namaste.
Bitcoin closed last week above EMA10, EMA21, EMA50 and EMA100 to the upside for the first time since June.
This week it managed to stay above all these levels:
MA200 (28,073) is still working as resistance but overall this is a bullish development. Volume is slightly higher as well this week.
It would be very bad/bearish to have Bitcoin closing above EMA50/100 last week just to move back below these levels this week.
While it still needs to move ahead, the bullish bias remains strong above 25,735 (EMA200) or consider the levels mentioned in previous comment updates.
That's it for the first week of October.
Let's see what the market will give us next week.
We are seeing fireworks after the 10 October, when Pluto stations direct in Capricorn... After the 15th, as more positive news start to sink in.
We can interpret the signals and read the charts in whatever way we want but it cannot be denied that this year is a bullish year, the numbers are saying... Bitcoin is up 68% YTD.
That's good... We would love to see more.
Namaste.
Comment:
We have some bearish action starting the new week... This can be considered standard; The week starts red to end green.
It can turn into something bad but it can also be irrelevant.
We defined are levels earlier so we wait patiently until the market takes off.
Any questions just leave a comment.
Your opinion is welcome.
It can turn into something bad but it can also be irrelevant.
We defined are levels earlier so we wait patiently until the market takes off.
Any questions just leave a comment.
Your opinion is welcome.
Comment:
Once again when Bitcoin shows doubt, we have to look deeper and consider the Altcoins.
Bitcoin did move from $25,000 in mid-September to $28,000 early October...
It would have been hard to predict this rise by focusing solely on BTCUSD, but we looked at the Altcoins and everything was easy to see.
See how Bancor moved 60% up in a single day, as Bitcoin goes through a small retrace.
0x, Liquity, COTI... and others are moving up.
When in doubt, look around.
If the Altcoins grow while Bitcoin retraces, it signals that Bitcoin is still set to move up.
If you see all the Altcoins crashing, 2/3 digits red, you know that whatever retrace Bitcoin produces will turn into a correction, and so on.
We continue 100% bullish short-term.
We only change if prices move below support.
We follow the chart!
Namaste.
Bitcoin did move from $25,000 in mid-September to $28,000 early October...
It would have been hard to predict this rise by focusing solely on BTCUSD, but we looked at the Altcoins and everything was easy to see.
See how Bancor moved 60% up in a single day, as Bitcoin goes through a small retrace.
0x, Liquity, COTI... and others are moving up.
When in doubt, look around.
If the Altcoins grow while Bitcoin retraces, it signals that Bitcoin is still set to move up.
If you see all the Altcoins crashing, 2/3 digits red, you know that whatever retrace Bitcoin produces will turn into a correction, and so on.
We continue 100% bullish short-term.
We only change if prices move below support.
We follow the chart!
Namaste.
Comment:
On the 24-September Bitcoin's 1H RSI became weak and hit oversold, this preceded a nice advance from 26,000 to 28,500+.
Today, the 1H RSI became weak and hit oversold once again... This is likely to followed by another price advance...
Today, the 1H RSI became weak and hit oversold once again... This is likely to followed by another price advance...
Comment:
Bullish Crypto Additional Proof!
These Altcoins started to move a month ago, before Bitcoin.
They helped us predict that Bitcoin was going to break bullish rather than bearish as it did... Just two examples:
We can reach the same conclusion, the fact that these continue growing, tells us that Bitcoin will do the same once it ends its retrace.
There are many more examples of course but subtle things like these can make the difference between a rookie and a pro, reading charts.
These Altcoins started to move a month ago, before Bitcoin.
They helped us predict that Bitcoin was going to break bullish rather than bearish as it did... Just two examples:
We can reach the same conclusion, the fact that these continue growing, tells us that Bitcoin will do the same once it ends its retrace.
There are many more examples of course but subtle things like these can make the difference between a rookie and a pro, reading charts.
Comment:
Last week the DXY closed bearish, Bitcoin closed bullish.
The DXY produced the strongest bearish signal since July this year... The chart is fully saying this index is ready to drop.
👉 "If the DXY goes down, Bitcoin goes up!"
This whole development has been in the making for months and is finally reaching its end. Due to the inverse correlation with the DXY and Bitcoin, as soon as the index drops Cryptocurrency will move ahead.
Just another signal... Gold Spot is also bullish.
👉 Gold was bullish in March and also January, 2023, same as Bitcoin...
Namaste.
The DXY produced the strongest bearish signal since July this year... The chart is fully saying this index is ready to drop.
👉 "If the DXY goes down, Bitcoin goes up!"
This whole development has been in the making for months and is finally reaching its end. Due to the inverse correlation with the DXY and Bitcoin, as soon as the index drops Cryptocurrency will move ahead.
Just another signal... Gold Spot is also bullish.
👉 Gold was bullish in March and also January, 2023, same as Bitcoin...
Namaste.
Comment:
✔️ This is it!
✔️ Bitcoin will move forward.
✔️ You've been warned!
Thanks a lot for your support.
✔️ Bitcoin will move forward.
✔️ You've been warned!
Thanks a lot for your support.
Comment:
Bitcoin is GREEN on the daily RENKO chart.
The last brick is green and a new small brick is also showing; trading above EMA50.
The last brick is green and a new small brick is also showing; trading above EMA50.
Comment:
Here we can see two corrections and a fifth wave still missing...
Comment:
Request Network is growing more than 70% today and is entering major bull-market territory.
We are going to be experiencing a major bull-market not just a normal "bull-market".
2021 was an anomaly due to covid and the free money bonanza, this time around we should be able to see Cryptocurrency in its full force... It will be epic.
Again, why the Altcoins here?
The Altcoins producing major bullish breakouts is a bullish signal for Bitcoin.
We are going to be experiencing a major bull-market not just a normal "bull-market".
2021 was an anomaly due to covid and the free money bonanza, this time around we should be able to see Cryptocurrency in its full force... It will be epic.
Again, why the Altcoins here?
The Altcoins producing major bullish breakouts is a bullish signal for Bitcoin.
Comment:
We have a drop short-term which is not at all what we are expecting yet our signals all remain valid/in place.
We have the inverse correlation with the DXY still working in our favor, the Altcoins market producing strong bullish breakouts day after day, and Bitcoin bullish when it comes to the weekly timeframe, EMA200 and the rest.
Things can change but are levels are fully defined, we continue aiming higher...
Namaste.
We have the inverse correlation with the DXY still working in our favor, the Altcoins market producing strong bullish breakouts day after day, and Bitcoin bullish when it comes to the weekly timeframe, EMA200 and the rest.
Things can change but are levels are fully defined, we continue aiming higher...
Namaste.
Comment:
We are witnessing the final shakeout before strong growth.
We can say 1-2 days before we move back above 28,000 which is the important level right now for the bulls, and after this level is confirmed bullish momentum should grow.
We are very close now... Just a few days and the fun starts.
There is no going back once Bitcoin starts to go up... We will see GREEN for months.
We can say 1-2 days before we move back above 28,000 which is the important level right now for the bulls, and after this level is confirmed bullish momentum should grow.
We are very close now... Just a few days and the fun starts.
There is no going back once Bitcoin starts to go up... We will see GREEN for months.
Comment:
Bitcoin is now losing all the moving averages we track as support...
We can see a clear rejection at MA200 and the current session trading below EMA200 and EMA300, and the rest. (candle closure is needed for confirmation)
This doesn't have much relevance as October will be a positive month but still, it should be interesting to see how low it goes before going up.
👉 We continue 100% bullish on Bitcoin and the Cryptocurrency market.
Namaste.
We can see a clear rejection at MA200 and the current session trading below EMA200 and EMA300, and the rest. (candle closure is needed for confirmation)
This doesn't have much relevance as October will be a positive month but still, it should be interesting to see how low it goes before going up.
👉 We continue 100% bullish on Bitcoin and the Cryptocurrency market.
Namaste.
Comment:
🅱️ Bitcoin Bulls Schooling The Bears
All this waiting, all this sideways action, all this consolidation means...
✔️ Bitcoin has been trading above $20,000 for 270 days.
✔️ $27,000 was first hit March 2023. Bitcoin has been ranging for almost 7 months... What does this mean?
The Bitcoin bulls are schooling the bears!
You want lower prices?
You want Bitcoin at $11,000?
✔️ Sell it, short it or so the bulls are telling the bears but, Bitcoin continues hyper-strong above $25,000, ultra-strong above $20K.
Remember $20,000 as a very important level based on the fact that it was the 2017 peak and also when the Bitcoin Bonds were launched, a world changing event.
So the bulls are playing a very wise game... A patience game.
It seems the bears have no strength... Don't get me wrong, this is great news!
👉 Great news!!! We will see new highs this month!
Stay tuned.
Thank you for reading.
600,000,000 Bitcoin.
Namaste.
All this waiting, all this sideways action, all this consolidation means...
✔️ Bitcoin has been trading above $20,000 for 270 days.
✔️ $27,000 was first hit March 2023. Bitcoin has been ranging for almost 7 months... What does this mean?
The Bitcoin bulls are schooling the bears!
You want lower prices?
You want Bitcoin at $11,000?
✔️ Sell it, short it or so the bulls are telling the bears but, Bitcoin continues hyper-strong above $25,000, ultra-strong above $20K.
Remember $20,000 as a very important level based on the fact that it was the 2017 peak and also when the Bitcoin Bonds were launched, a world changing event.
So the bulls are playing a very wise game... A patience game.
It seems the bears have no strength... Don't get me wrong, this is great news!
👉 Great news!!! We will see new highs this month!
Stay tuned.
Thank you for reading.
600,000,000 Bitcoin.
Namaste.
Comment:
Alright... Patience is key and all we saw here was a small retrace lasting five days, this is normal price action.
Let's start with the chart:
Bitcoin hit a low 11-September and started to move higher right after.
It peaked 2-October and then proceeded to form a classic retrace.
- We can call this a test of support.
- Moving below EMA300 then going back above it;
- A cup & handle pattern, etc.
This is all normal price action and the bulls continue with full control of this chart.
All of our trades and signals remain 100% valid and active.
👉 We are 700% bullish on Bitcoin and the Cryptocurrency market.
Namaste.
Let's start with the chart:
Bitcoin hit a low 11-September and started to move higher right after.
It peaked 2-October and then proceeded to form a classic retrace.
- We can call this a test of support.
- Moving below EMA300 then going back above it;
- A cup & handle pattern, etc.
This is all normal price action and the bulls continue with full control of this chart.
All of our trades and signals remain 100% valid and active.
👉 We are 700% bullish on Bitcoin and the Cryptocurrency market.
Namaste.
Comment:
Gold just made a very strong move today and Gold & Bitcoin has been positively correlated since Mid-2022.
Look at this V pattern:
This might be an early signal for what is coming to Crypto this same month.
Strong sudden growth, as if by surprise.
Look at this V pattern:
This might be an early signal for what is coming to Crypto this same month.
Strong sudden growth, as if by surprise.
Comment:
Loom Network continues growing, over 7.8X since we shared it...
I know this is just one Altcoin but this is the signal.
This type of bullish action confirms that the Altcoins market and Bitcoin are about to enter the strongest bullish wave of 2023.
Get ready and be prepared...
Maximize profits and have fun.
Namaste.
I know this is just one Altcoin but this is the signal.
This type of bullish action confirms that the Altcoins market and Bitcoin are about to enter the strongest bullish wave of 2023.
Get ready and be prepared...
Maximize profits and have fun.
Namaste.
Comment:
Bullish bias fully confirmed.
Bitcoin now trading back above MA200.
Long-term growth now possible.
Everything is 100% ultra-bullish.
All the reversal signals and early signals visited before have been fully confirmed by current price action.
40,000 is the minimum.
Can go higher...
Bitcoin can grow for months.
Then one final correction before the halving and then a major bull-market... Enjoy the ride, it is the final and biggest bullish wave of 2023.
Bitcoin now trading back above MA200.
Long-term growth now possible.
Everything is 100% ultra-bullish.
All the reversal signals and early signals visited before have been fully confirmed by current price action.
40,000 is the minimum.
Can go higher...
Bitcoin can grow for months.
Then one final correction before the halving and then a major bull-market... Enjoy the ride, it is the final and biggest bullish wave of 2023.
Trade closed: target reached:
We hit our target perfectly.
Thanks a lot for your time, comments and support.
Namaste.
Thanks a lot for your time, comments and support.
Namaste.
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🔥 New Lowest Pricing Ever ➖ Easy PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
First, let's start with the weekly chart: BTCUSD (W).
Last week closed as a full green candle, a very strong bullish signal.
Bitcoin weekly tested EMA200 as support for five weeks straight and the last two weeks left this very important level behind.
The last session closed also happened above EMA100 (~27,700) while challenging MA200 (~28,100).
MA200 is super important technically speaking for BTC on the weekly timeframe.
It is normal to see some resistance as it is happening now at this juncture, MA200/EMA100, as moving pass these levels would signal massive bullish momentum and strength.
While resistance is being faced now, recent past action suggest that Bitcoin will continue forward in a matter of days.
Let's consider shorter and even longer (monthly) timeframes and see what the chart has to say...
✔️ Remember to comment & boost.
Thanks a lot for your support.
Namaste.