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We are of the same view here with Bitcoin (XBTUSD) printing a lower high and now closing below EMA10... Prices can drop lower.
The immediate support is sitting at $9333 or EMA50, this is the next level to look at if Bitcoin moves lower.
Followed by $9174 or MA200.
Additional support levels are marked with blue dashed lines.
The immediate resistance is now at...
We looked at Bitcoin (BTCUSD) on the daily timeframe on a longer-term perspective, our followers started to wonder what would happen in the short-term...
Bitcoin 4H, Here We Are!
We have Bitcoin (XBTUSD) moving higher.
The price is trading within a rising wedge and this...
What similarities can you notice when looking at the Bitcoin Peaks?
Can you see it?
I am a Bitcoin and cryptocurrency bull, permabull as many would say...
But, here we have this chart, Bitcoin ( BTCUSD ) and even though so many people are bullish, I am still not convinced.
Not based on my imagination, but based on this chart and what I can see...
Here is the...
Bitcoin (BTCUSD) peaked at $10,074 on the 7-May and prices are now trading near the $9000-$9300 price range.
Bitcoin is no longer trading near resistance, now it is going towards support.
I saw some signals out of the charts and technicals that are really strong and pointing to a drop.
Mondays can be bloody for Bitcoin so please be cautious.
Bitcoin (XBTUSD) on the daily timeframe remains bearish.
1) Yesterday we have the drop and closure below EMA10, confirming all the bearish signals we looked at before the drop.
2) If prices don't increase by 00:00 UTC, we will be looking at an inside bar (bearish).
3) EMA50 and EMA100 haven't been tested yet and we have prices aiming lower.
4) Trading volume...
Starting a few weeks back we are seeing strong bullish action coming from the small-cap. altcoins on all major exchanges.
We saw really strong action taking place first on KuCoin, then Bittrex and Binance are also showing some pretty strong numbers for many pairs.
Yesterday we saw THETABTC go beyond the norm, while SOLVEBTC did the same.
Today we also have many...
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So, what is going to happen next with Bitcoin (XBTUSD)?
Now I share analysis of the EMAs that I learned through experience... Here is the sequence:
1) XBTUSD (Bitcoin) breaks below EMA50 on the 9-May, by the 13-May XBTUSD is back above EMA50.
In this case, EMA200 was hit (brown...
What is happening with Bitcoin (BTCUSD) now?
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Looking at all the charts here on Trading View, we can easily say that we are having some really mixed feelings... Will prices go up or down?
What about the chart signals, what are they saying?
We have mixed signals because of how we read charts.
Some signals are stronger...
Tomorrow the weekly candle closes for Bitcoin (BTCUSD)... It all depends on this.
Notice the orange dotted and full trendlines on the chart above, then notice the current active candle...
A strong close this week above orange line can send Bitcoin flying up... But a weak close below the orange dotted line can send Bitcoin lower looking for support.
Here we are SHORT now with XBTUSD (Bitcoin) and we are going on 8X... Let's have a quick description of the above setup.
1) First, we have the higher low which we mentioned in previous articles.
2) Prices are now trading below EMA10 and we have decreasing trading volume, going lower and lower.
3) A recent rejection of prices while they tried to move and close...
Here I've mapped the Bitcoin (XBTUSD) chart for you.
First, notice the trendlines...
We have a lower high.
EMA10 being challenged as support.
Indicators trending down.
This setup can easily lead to lower prices.
Make sure to have a plan if you decide to trade.
This is not financial advice.
Remember the bounce I mentioned in my last article?
"As soon as this bounce is done... You can expect Bitcoin to drop some more."
Right now we have a lower-high (bounce) on the daily timeframe which supports the bearish view.
We have the trading volume going lower and the indicators starting to turn.
Prices are still trading above EMA10, but the lower high and...
The Dow Jones Industrial Average Index (DJI) is also looking bearish.
This chart tends to look very similar, almost the same, as the SPX (S&P 500 Index).
The signals coming from this chart goes as follow:
1) Decreasing trading volume.
2) Lower high.
3) Bounce completed.
4) Drop below EMA10 and EMA50.
5) MACD bearish cross while trending lower.
6) RSI broke below...
The falling wedge we saw recently on the SPX (S&P 500 Index) has been broken... Below the SPX chart signals
We now have prices trading below EMA10 and bouncing of EMA50.
The MACD is showing a bearish cross while it starts to trend down.
The trading volume continues to go lower, which is a bearish signal.
We also have a lower high yesterday compared to the...
I was doing an analysis of the EMAs and I found multiple clues that are pointing to a price drop.
The most important factor right now to consider is that this week's peak is lower than last week, meaning a lower high.
The last volume bar is really strong and bigger than the previous six weeks. Pressure is coming from the sell/bear side.
In November and December...
The general picture short-term is bullish but this can easily change.
The volume is low and going lower
Recently we've also been seeing a correlation between Bitcoin and the SPX. Bitcoin started to drop and the SPX is closed on the weekend, it is possible for the SPX also to drop on Monday if the correlation is to continue.
See Bitcoin ( BTCUSD ) here:
RED Bitcoin Easily, Money Flow To Altcoins, 2020 Halving?
We can see Bitcoin (BTCUSD) breaking below EMA50 for the first time since April but the volume is much higher now than back then... Bear volume/RED.
We can also notice a bearish cross of EMA10 and EMA50, signaling more low.
After EMA200 was tested (brown line), a bounce is normal and expected.
As soon as...
Bitcoin loves surprises and prices are surely holding strength while remaining above EMA10 on resistance... But will it drop or will it go up?
We've been biased towards a drop based on multiple factors but the basics still remain that prices are above EMA10 and MA200 and EMA300 have recently been conquered.
We have also been seeing sustained bullish action and...