You know i chart pretty basic and dont like btc maximilists , but just for giggles and laughs, if this chart comes true...
January seems to be a major month between bull and bear
but to be clear, its prety accurate if trend and history carry on
ANYWAY BACK TO BEAR WATCHING!! HAVE A GOOD WEEK
just a tip. draw trendline on wick heads and wick bottoms and then in another colour draw trendlines on candle tops and bottoms, if a candle body drives through the gap between full candle trend towards the wick trendlines its a good sign on larger movement
short term, could see some moves in the next few days,,
long term bitcoin is over sold. RSI is over sold, it might stay down there for a while but the only way is up baby!!!
being over sold can still send it down, because it does not mean people will stop selling, but when it goes bang all the over sellers are going to jump back in hard
RSI at the bottom, does not mean it jumps out asap. it can go sideways, on this chart 6300 could be the bottom!!
looking back a the last RSI bottom, this could play out.
rsi has only a hand ful of times on daily in BTC history been this low
If you followed my recent trade ideas for Bitcoin (BTCUSD), you are aware that we were expecting this drop and went SHORT short-term. Multiple signals were pointing to a drop, namely:
BTC moving below EMA10.
Peak hit on the 6-Sept.
Altcoins market time to move up.
You can see all the details by clicking on the image below:...
Bitcoin Bullish Flag | Target & Support | $10.2k or $11.3k?
A bullish flag pattern is clearly visible on the 4H time frame for Bitcoin ( XBTUSD ), let's take a look at the potential target and support for this formation.
Break to the upside
On a move to the upside, we can look at $10,800 as immediate resistance.
On a strong break of this level, we can expect...
Bitcoin (BTCUSD) is showing a low volume bounce while trying to break slowly above EMA10.
We are seeing multiple signals that are pointing to move up but multiple resistance levels are to be taken out first.
The blue trendline is the main resistance that needs to be broken for Bitcoin (BTCUSD) to move higher. If this level breaks, we aim at EMA50 ($10278)...
Here is a quick chart for you guys, my beloved readers... I appreciate your support.
We are doing 8X on Bitcoin (XBTUSD) and we are aiming for $11,300 or higher.
Our last trade idea played out and we hit higher than our first target which was sitting at $10,650, Bitcoin went up all the way to $10,800 on BitMEX...
Looking at the action Bitcoin is having now, I...
Bitcoin (BTCUSD) is showing multiple bearish signals on the 4H time frame.
We are looking at a bearish MACD, line, and signal.
The RSI is also on the bearish side but moving around support.
Before Bitcoin can move any lower, it first needs to break EMA100 ($11077), only if this level can be broken, BTCUSD is to move lower and test the $10,600 - $10,400...
Bitcoin Weekly Update (Bullish vs Bearish Potential)
Let's take a look at Bitcoin weekly... Our analysis while looking at the weekly time frame/scale; one week per candlestick...
Feel free to hit like now and let's get started...
Bitcoin Weekly Chart Analysis by Alan Masters
Brown dashed trendline:
1) First, let me...
Bitcoin (BTCUSD) tried to break above EMA100 on the 4H time frame multiple times before succeeding. I would like to take a closer look at this... Please allow me to entertain you for a few minutes:
First we see over 12 failed attempts to break above EMA100, which is the blue line. But BTCUSD would always produce a higher low at each attempt.
It finally broke...
We've seen Bitcoin (BTCUSD) predictions for the future that range from $100 to $1,120 all the way to $1,000,000 and beyond.
We would like to be more conservative and use some known tools for a long term Bitcoin prediction... Let's take a look...
But before we get started, feel free to hit like now if you want to show us some love and support.
We are using...
Ripple (XRPBTC) is now moving and has the potential to go higher.
Challenging EMA50 (0.00005436) today, we are seeing really good volume on the 4H time frame, as well as momentum building up.
The RSI is bullish at 58.40 trading above all resistance levels and is at its highest since December 2018.
The MACD is entering the bullish zone and looking good....
We looked at Bitcoin and its next potential moves. We looked at the bullish and bearish views... Now, let's take a look at the different support levels on the weekly time frame... Keeping it plane and simple...
Now, let's get started... Feel free to hit like to show your support.
(BTCUSD) Bitcoin Weekly Support Levels
Support marked by Fib. retracement...
Our last analysis for the SPX500USD marks the top. A clear drop followed and new signals are coming up telling us that this won't stop...
Feel free to hit like to get started if you want to now... Thanks a lot for your support.
Here you can see our previous analysis for the S&P 500 Index all-time high (This is not financial advice. All information shared by Alan...