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Alansantana

✴️ Filecoin | Trend Reversal (Name Your Altcoin #30 ✅)
The market has two main cycles, bear and bull or up and down. GREE and RED. Once one cycle is over, the next one starts. This can remove a lot of the complexity of buying and selling. So, can we make a case for the bearish wave to be over for Filecoin vs Tether (FILUSDT)? If the bearish wave is over, a bullish wave follows... But we can have bearish waves within bullish cycles and bullish waves within bearish cycles. Corrections in short. In a period of 623 days, Filecoin dropped by 99%. That's -99.02% from the March 2021 All-Time High, to the December 2022 All-Time Low. We have that one on our side... The bottom is likely in already based on the simple fact that altcoins tend to correct between 93-98% on their USDT pairs. This one went beyond and hit 99%. The next signal is the trading volume. I mentioned this one tons of times in the past but then moved to some other signals... Some of you might remember it. We have really high bear volume in August 2022. As a new low is hit in December, this bear volume is much lower... Telling us that the bears are exhausted. We can also spot a 5 down-wave pattern. When we can easily count 5 waves, the current move is very likely over. What follows is a correction which in this case would be an upward correction a or full change of trend. The change of trend would signify the market switching from bearish to bullish. These are very strong signals. Anyway, we don't have to guess or be right. If I am trading, I just need to define my support levels, define my risk/stop-loss. We can have two stop-loss based on personal risk tolerance or trading style. A short-term one and long-term one. Everybody has to do their on thing so I am only sharing some info that you can use the improve your own trading, confirm something, learn or just be entertained. Short-term, $4.00 is the main support. One or two weekly sessions/candles closing below this level can lead to closing a trade. Long-term, the Dec. low. If FILUSDT closes below $2.32 once or twice then any bullish potential has been completely removed... Now the good part. Any trading above $4.00 is super-bullish. Any trading above the $2.32 December low and there is potential for FILUSDT to move up and grow long-term. Thank you for reading. Thanks a lot for your amazing support. Here we finish Part 3 of Name Your Altcoin. Namaste.
Long
by AlanSantana
6
🅱️ (₿) Finally... The Wait Is Over | Bitcoin Goes Bullish!Finally... After so many days... Bitcoin is reaching the end of the period of doubt that we've been seeing since last month... Some people can call it doubt or uncertainty because they are not certain, we call it consolidation/accumulation because we know what follows... A bullish jump. 2023 Will be a year for the record books... The world once more, again, will change. Bitcoin will be there in the forefront... Bitcoin will not steal the whole show but it will detach and save us from the huge calamity that is about to take place. Believe it or not is time for growth... We are expecting between 2-3 months of green... Reality can be something completely different of course. How will you act this time? What will your actions be knowing in advanced what is to come? It is a recovery, yes... It is a relief rally... But as prices move up, they will then suddenly come back down crashing fast and strong. The altcoins will also grow... Smaller capitalisations offers higher potential... Build a plan, you can't lose by being prepared for something positive. It is impossible to lose by preparing... If nothing happens, then the preparation you went through works as training for future growth. What new information will we uncover? What new realizations in your life will you discover? Oh wait.... We are talking about bitcoin and trading... Good! The Wait Os Over! Namaste.
BITFINEX:BTCUSDLong
by AlanSantana
26
Theta Network RiskWe read charts and we read signals. We like to look for/spot reversals because if one is successful at spoting a trend change or breakout before it happens the chances increase for higher gains. When buying near support levels/bottom prices, the risk is always small (very tight stop-loss) while the potential rewards can be great. Look at Theta Network (THETAUSDT) now, bottomed out. If one is smart and do decide to buy after doing their research, the stop-loss can be at tight, at 10-20%... And if you get it right and the market turns... You can be looking at 40%, 60%, 90%, 150%, 200% or more on the way up. That's the beauty of trading cryptocurrency or anything for that matter. We have a maximum risk of 100%. But the potential profits have no limits... And we know that crypto grows 10, 20, 30x on bullish cycles. A few Xs in every bullish wave. Of course, there is no need to risk 100% ever. A tight stop-loss as mentioned before, limits your risk to 10-20%. So you only need to plan, win a few ones and many can go wrong and you still win in the end. We have to be smart though... We have 4 daily candles closing green. The trading volume is still low, nothing is yet confirmed. But after a lower low, short and long-term, with bear volume going lower and lower... We know for sure that soon the market will turn. How you approach it is your own choice. I am just sharing my thoughts. This is not financial advice. Thank you for reading my friend. Happy weekend. Happy holidays. Thanksgiving, all that stuff. I love you. Namaste.
Long
by AlanSantana
2
Bear Market Climax/Ends... We've Seen This BeforeThis is the climax of the bear market, there is nothing to worry about. The same game, it all remains same... It goes up it goes down. It goes down, it moves back up. The negative and the positive always go hand in hand, they cannot be separated, they are one. Out of every crisis, many opportunities grow. In the past, when we last saw this type of crash, the question was about Bitcoin's stability... Will it survive? Will it still be here tomorrow with us? Good news... Nobody is wondering if Bitcoin will survive or if it will be around anymore. Just as there is lots of euphoria when Bitcoin hits a new All-Time High... We are bound to see great panic when Bitcoin moves to hit its bear market low. Stay calm and wait patiently... We've seen this before. After we hit bottom, the only place left to go is up. Thanks a lot for your continued support. Namaste.
BITSTAMP:BTCUSD
by AlanSantana
17
Can We Buy Bitcoin Now? Is The Bottom In Yet?As we have a new low many people are already wondering if the bottom is in, again... Patience is key. Wait for the weekly candle close, minimum. The same goes for today, short-term. Once a move starts to develop, it takes time before its final form shows up. Since we've been expecting a major crash like this one for many months, we can say that the bottom is not yet in, there is more to come. Patience is key... If you want the full details about Bitcoin's bottom, see the chart below from December 20221 (Dec. 4, 2021) And this one... Feel free to leave a comment with your questions. Thank you for reading. Namaste.
BITSTAMP:BTCUSD
by AlanSantana
26
Bitcoin Weekly RSI & MA200 (It Will Be Different This Time)We are going to be looking at something very simple today, so please, allow us a few minutes of your time for entertainment. (1) MA200 has always marked the bottom (this time it will be different). (2) Looking back at Bitcoin since 2015, MA200 being tested as support always leads to a recovery... (3) This is also the first time that Bitcoin closes below MA200 weekly and that is why this time it will be different. We will start with a bounce that can lead to around $29,000 to $37,000 or more. After this bounce a bearish wave is very likely to take us to a new low ending around November 2022. This will mark the market bottom and we grow from this point foward as it happened back in Jan. 2015 and Dec. 2018. Bitcoin's weekly RSI is also very telling, it gives it all away. First, we have a long-term hidden bullish divergence. We have lower lows on the RSI while we have higher lows on BTCUSD. The initial low was hit around January 2015 and this led to a strong bull market. About 4 years later we get another low in December 2018, this also led to a very strong bull market (higher highs and higher lows). The next low was hit last month, June. But our calculations are saying that there will be another low, the final one, reaching November 2022. After this low is hit we will have sustained long-term growth. But, we were actually talking about a price bounce and this is due to happen now. Bitcoin will grow. If you find this content useful or entertaining, feel free to like to show your support. Thank you for reading. Namaste.
BITSTAMP:BTCUSDLong
by AlanSantana
6
Bitcoin Weekly | Seven (7) Bullish SignalsWe can spot many bullish signals developing on the weekly Bitcoin chart. Let's review them together. 1) Adam & Eve bottom pattern. 2) Rising trading volume. 3) Trading above EMA10. 4) Very strong RSI (above 50). 5) Higher low (Sept. vs June). 6) Bullish candlestick pattern (10-Oct. week). 7) 3 Consecutive weeks closing green (first time since Oct. 2021). I can spot more signals... Can you? In that case, share them with us. Thank you for reading. Namaste.
Long
by AlanSantana
13
Consolidation vs Distribution | Will Bitcoin Hit Above 30K Next?Technical analysis is great. Having these charts available to us is an amazing tool that can help us predict the future. We can make better trading decisions if we learn to decipher the data/codes coming from these charts. What is the daily Bitcoin chart saying? What does Bitcoin has in store in the coming weeks for us? Please, allow me to entertain you for a few minutes... Allow your time for me to read this chart for you! Consolidation vs Distribution How do we know that Bitcoin is in a consolidation phase rather than a distribution phase? The recent break above EMA100 is very telling but we can surely go deeper. Distribution happens when a support level is challenged continually before it breaks. We have a low set 18-June for BTCUSD that was never tested again. From 18-June to this day we have 140 and days, almost 5 months and this support level stays safe. Since the support wasn't tested, not even once... We can say that Bitcoin is not in a distribution phase but instead consolidation before the next price jump. From 18-June to 15-August we have the initial corrective wave; This is followed by a strong higher low that includes the highest volume in multiple years on a single day, 26-September... With a higher-low and the 18-June support intact, resistance being challenged and conquered in the form of EMAs, we are setup for a higher high on the next wave. Here is how we find the next potential target using the Fibonacci Extension Tool step by step - CHART: 1- Get the Trend-Based Fib Extension tool. 2- Set the first value as the 18-June low (1). 3- The second value should be the 15-August peak (2). 4- The last/third value the 13-October low (3). This will give you the Fibonacci Extension numbers which we use as potential targets. The levels of interest for us are the Golden Ratio which sit at 0.618 and 1.618. Based on this tool, we can see $22,773 as the first target followed by $30,236 as the next high. If we want to be more conservative and/or use a different approach; We have $24,000 as MA200 and $28,142 as EMA300. With these two different tools/methods we can extract a price range for the next Bitcoin target. That is between (1)$23,000 - $24,000 followed by (2)$28,150 to $30,200. ... I forgot the rest I was about to tell you because I got entertained doing the Fib. extension explanation/drawing... But it had something to do with the fact that ~5 months is a long time when it comes to Bitcoin and the cryptocurrency market. It is also a decent amount of time for range trading before we see the market shake things up. We have many more signals to share but I am guessing that this much is more than enough. Would you like me to continue? Let me know in the comments section below. Thank you for reading. Namaste.
BITFINEX:BTCUSDLong
by AlanSantana
22
Top Exchanges Trading ExplainedIt is not easy to trade Bitcoin or cryptocurrencies, it is not easy to trade Altcoins if you are not in it for the long-term. There are many groups, people/entities & more competing at the same time. We traders and retail buyers/investors are at the biggest disadvantage, the exchanges are trading against us. I know everybody knows this but there is a solution, there is a way to beat them at their own game. Of course we vote with our satoshis so where you trade that is what you support. If you are using a long-term strategy you only need to sell 3-5 times per year. You can hold your own altcoins easily if you already have the experience and the trading system/plan. You can easily setup wallets for 10 altcoins and diversify your capital there. You can check in at the end of each wave and it only takes a few minutes if you need to buy or sell. There are tens of thousands of altcoins and the top exchanges we've seen/used list hundreds of trading pairs. Our focus has been mostly on the altcoins vs bitcoin pairs but this happens all across. The most common and easiest way for the exchanges to trade against us is by delisting pairs with no reason and no warning. You could have a 6 months warning or more to delist a pair yet instead you can see it happen overnight sometimes and no excuses given and the altcoin project continues working because they continue with the other pairs of the same project. If for whatever reason you put 1 BTC into say XXXBTC, together with a several hundred other people, a bearish wave comes and everything is down 50%, you can don't care it doesn't matter, you can simply wait. With everything down the XXXBTC pair is removed. You can now withdraw only from USDT and you are 50% down. All the bitcoins that went into this pair are gone, period. You cannot sell for BTC because the XXXBTC pair has been removed. Anyway, you sell through XXXUSDT and can buy BTC lower and take a huge loss. The exchange wins, you lose... It is just trading for them. Investigating the decentralized exchanges sounds great. There are hundreds of pairs on each exchange, the top ones. The altcoins/pairs move in cycles based on commands from bots (algorithms). The pairs move in groups. In the past, when we started, there was only one group and it moved more or less every 3 months. Bearish, bullish, bearish, bullish... These where the waves, the cycles. As the market grows the cycles become longer. Then we had 2-3 groups of different types of altcoins and the cycles started to take 5 months between high and low. Right now we have many groups and we are at 8 months... It take eight months for each altcoins market bullish wave, the bigger ones. It can get longer already as the market continues to grow. Now, which pairs will move first? Which pairs will move in general? The bots are owned mainly be the market makers, aka. the Exchanges, the Whales, the Miners, the Goverments, the Banks, the Institutions; anything and everything BIG. The big players. It takes 8 months for all of us to buy and pick our most favorite, best looking and whatever because it won't work, altcoins... The exchanges take all of this information, all the buying, all the purchasing, all the data and this is sold to EVERYBODY. Now the exchanges and EVERYBODY is ready to play. The first set of pairs that are going to move will be those that have the least buyers... You guessed it right. These will continue to move and grow and grow... You will see them all growing but definitely not yours, because if people buy too much of a pair it is left at the bottom. You hold long? They will introduce new ones. They will do coin split. They will delist... They will take your money because that is their job. Everybody is going to be buying and selling against the data. The pairs move in groups and cycles. If a pair is breaking out naturally because some people are buying it is quickly suppresed, it drops back to whatever level they want it in. It will move when its turn comes. The only way to win in this one is long-term or you need to be a big one. The market is alive. It is a living organism. It needs energy/money to grow. If you invest in the market. If you stay in the market. If you are part of the market. If you help it grow... As it grows and matures you will be rewarded. You will be rewarded big when the time comes. To be a winner in this market, you have to show your support. Not all exchanges are equal; many are the same. Some have different strategies; some are really good. Diversifying is key if you are using CEXs. Just sharing some of my experience. I hope you enjoy it. Namaste.
BINANCE:BTCUSD
by AlanSantana
6
Fantom Adam & Eve Bottom Pattern Can Lead to 140%+We continue and this time Fantom (FTMBTC) is the altcoin pair at hand. There are always so many signals and indicators to look at... But the strongest of all signals is the market cycle. If you can learn the market cycles you can know when everything will recover/bounce/move up. Keeping track of the market cycles, once on a bullish wave we can also figure out all the peaks/highs and tops. For FTMBTC, we have a strong RSI after a new low. Prices trading above EMA21 and EMA10... This is another chart setup with LOW RISK and HIGH POTENTIAL REWARDS. You can find additional details (targets and stop-loss levels) on the chart. Namaste.
Long
by AlanSantana
Bitcoin 3D | Volume + Reversal Candle + RSI (100% to 120% Next)Good afternoon my fellow cryptocurrency trader, let's have a look at Bitcoin on a different timeframe today. We are looking at the 3D (3 days) chart and we have some interesting signals... Support us with your LIKES and let's get started! --- First, notice the candle on 22-January 2022. This is a reversal candlestick in the form of a hammer. This candlestick has really high volume, twice above average. After this candle Bitcoin grew by 46% in a matter of two months. From ~$32,900 to ~$48,200. Right now we have a similar candle printed 18-June 2022. This is a reversal candlestick in the form of a hammer, you can see it mapped on the chart. This one here is really high volume as well compared to previous trading days. We also have the RSI at its lowest since November 2018. Once Bitcoin hits oversold, invariably things turn and we see green. After this candle Bitcoin can grow 100 to 120% in around 60 days. That is from $17,500 to $35-$38K. The cryptocurrency market sentiment is slowly changing... It remains in "Extreme fear" but has gone from 7 to 13. It doesn't matter how long consolidation takes, we are bullish on Bitcoin above $20K. Leave us a comment. Namaste.
BITFINEX:BTCUSDLong
by AlanSantana
8
Bitcoin Weekly | The Local Bottom Is In + Next Bull MarketHere we have the weekly timeframe for Bitcoin as promised. And we go straight to it... Feel free to hit LIKE before we get started! Thanks for your support! --- Bitcoin Weekly | Looking For A Bottom! The first data point we need to consider is the break below $20,000. $20,000 is the famous 2017 All-Time High and also the main support level that was being targeted by everyone after the last price peak. Bitcoin has gone below $20,000 for the first time since December 2020. This is the first time that Bitcoin goes through $22,222 & $20,000 on the downside. The low was set at $17,585... Here is the chart: Also notice on this chart the black and gray lines. The black line is for MA200 and gray for EMA300. Bitcoin managed to close below these levels but not all is lost. While the wick hit $17.5k, the close happened above $20,000 and that is what matters most. As the 2017 All-Time High was set at $19,804 and we close above it whcih is what we need to confirm a support. The fact that we have a long wick below EMA300/MA200 and $20,000, can tell us that this is as far as it goes. We have a jump of over 15% from $17.5 to $20.5... Let me show you some more. Here is the chart for BTCUSD weekly since late 2014 with MA200 and EMA300 plotted: In January and August 2015 MA200 holds as support. We can see a close below it and then a recovery (Aug. '15), the candles are just as it looks now. Then again in December 2018 MA200 and EMA300 hold perfectly and this marks the low. Then we see March 2020 with the covid stuff and we have the same... EMA300 and MA200 hold as support. Initially it closes below MA200 just to recover with no new lows. We can say confidently based on this information that the local bottom is in... Hold on, there is more! Something else to consider (It Can Go Lower) Yes we are sure to see a recovery now and we have a local bottom based on the signals and data coming from this chart but, it can still go lower and I will explain why. The conventional financial markets are going through one of the worst periods in many decades. The Federal Reserve is raising rates in a manner that it hasn't been seen before... These are historic moments we are living. The Feds can go even harder when it comes to the rate hikes and this crashes the market very, very strongly and ends up pushing us to a new low. This is likely to end in November after which time everything will recover regardless... Conclusion We believe we are seeing a local bottom. If this is the case Bitcoin will rally for a few months or weeks printing higher lows until the next correction after summer. We will have this situation I mention above. Depending on how TradFi develops, Bitcoin will either print a higher low and grow long-term or go for one final DROP and hit a new bottom and then sustained, long-term growth. My calculations say that Bitcoin should break its previous All-Time High of $69,000 around mid to late 2024. This is when the next bull market starts until 2025 and then we are back to square one. The market moves in cycles. The bear cycle is almost over... Stay strong! Be persistent! Study hard! Eat healthy! Be humble! Be grateful! The next bull market will be the BEST of all. Namaste.
INDEX:BTCUSD
by AlanSantana
55
Cardano/ADA Inverse Head & Shoulders Moves Ahead vs BitcoinSome people are wondering if Altcoins will recover or when will they recover and so on... Cardano is already recovering and remains printing higher highs and higher lows since Mid-May. This is true for ADAUSD and ADABTC. ( Check the related ideas below for a full leveraged trade for the ADAUSD pair ) Here we can see the inverse Head & Shoulders Pattern. Prices trading above EMA50 with a very strong RSI. Cardano can continue growing in the weeks to come. Namaste.
Long
by AlanSantana
5
Bitcoin Weekly Relief Rally (Short/Long-Term Targets + Support)Here we have the weekly Bitcoin chart and now we enter the relief rally. From May through July 2021 a support level was created. This same support level was challenged this May (2022) and prices actually went below it but on a wick. The past three weekly candles all wicked below the ~$29000 May - July 2021 support but only to recover and close above this level (red dashed line on the chart). After 9 weeks of RED, Bitcoin closed with a hammer, at support, which signals that the trend is about to reverse. We spotted the trend reversal (see related ideas below) and the relief rally is now on its way. Our main targets as of this writing are set at $34,000, $36,000 and $38,000... No new All-Time High, too early for that. Maybe Bitcoin can hit $40K or $50K? I will keep you updated but we go step by step. If BTCUSD weekly manages to move and stay above EMA50 ($40,786), then we can consider additional growth. Any trading below EMA50 and we enjoy the relief rally but that is it until we get confirmation from the charts. Bitcoin will go to $200,000, $300,000 and so on but only one last major bear drop. Conditions can change as mentioned above but this is what the market currently has in store for us. Namaste.
BITFINEX:BTCUSD
by AlanSantana
66
No Bitcoin Short-Term Recovery? Yes Recovery! Patience is keyWhile now it is easy to see Bitcoin going lower, at the moment that isn't the case. We are still trading above our local support, around $27,777 on this setup. This is marked with light blue and red dashed lines on the chart. As long as Bitcoin stays above these levels, we expect a short-term bounce to around $34,000 to $38,000... If Bitcoin moves and closes below our support, then look at the red arrow... That's how it goes. We are patience. We are grateful. We are light! We are love! Thanks a lot for your continued support. Namaste.
BITSTAMP:BTCUSD
by AlanSantana
16