Ethereum Looks Weak But Can SurpriseHere we have some bearish signals as ETHUSDT is clearly trading below EMA10, giving the upper hands to the bear but things can change.
We have big green bars but the red bars are small; volume.
We also have a higher low 24-May compared to 12-May...
I am looking for the positive, the diamond in the rough.
We have a short-term bearish bias but believe the bulls can switch things up.
Do you agree?
Thanks a lot for your support.
Namaste.
Alansantana
Bitcoin 1H Update (Decision Point)Looking at the same chart as two days before, the bullish bias remains intact.
BTCUSD was rejected at the black descending trendline yet prices remain trading above EMA10/50/100, which is bullish.
The trading volume is really low but at this point it signals consolidation.
The RSI remains strong.
Things can change fast though so be aware.
If the upper trendline is taken out Bitcoin will go to $31,500+.
You can find additional details, support levels, on the chart.
Namaste.
Cardano's ReliefCardano and Bitcoin, they move together.
It is not surprise to see ADAUSDT preparing to move up.
We are live on this pair...
We will see how it goes.
We do see a rally incoming but we belief it is only a relief before one mayor final drop.
After this phase, after the bottom is in, we will see long-term and sustained growth.
We will see Cryptocurrency settle many months before the TradFi market does.
The Cryptocurrency economy is getting ready for the next phase of its evolution.
Prices correct just to move back up stronger and for longer...
Hit LIKE if you Love Crypto.
Thanks for the support.
Namaste.
Bitcoin Short-Term (Aims Higher)Notice the light blue/red dashed line on this chart...
This is our support level.
Notice the black descending trend-line...
This is our resistance.
Yesterday Bitcoin moved to challenge our resistance and was rejected.
Today we see a bounce at support.
This same support level has been holding for the past 10 days.
It was tested 3 times before and every time Bitcoin bounced.
Now we see BTCUSD moving above EMA50 and EMA100 on this timeframe (1H).
You can see the next target mapped on the chart.
Namaste.
Are You Prepared For The Long-Term? The Whales Are...So, this is back in late 2018, looking at the previous Bitcoin capitulation.
I remember it clearly because I was out of town and saw my capital being slashed in more than half in a matter of hours...
I share these as a warning for you to prepare and protect your capital as much as you can and want.
Here is the chart:
Notice that the initial low after the All-Time High was set at $6000 in February 2018.
It took until November (over 8 months) before the support broke.
Capitulation followed and the whole process took 6 months.
Bitcoin closed RED for 6 straight months.
Present time: BITCOIN
From $13,000 to $30,000 there isn't much support.
The "orthodox" top for Bitcoin happened April 2021.
The initial low was set in June 2021 at $28,805.
This time around it took longer (11 months) but the initial low has been broken.
This is what signaled the 2018 capitulation.
CONCLUSION
With a volume breakout happening in favor of the bears...
11 months of "shaky/volatile distribution"...
Bitcoin can still close red for another 3-5 months.
This is just one of the many possible scenarios.
Be prepared.
I hope you find this information useful.
Thanks a lot for your continued support.
Namaste.
Bitcoin & The FED Increasing Interest RatesWe saw how the news people got many of our readers and supporters confused by making them believe that rising interest rates was good/positive for the financial markets.
We all know/knew that the Fed raising interest rates is always a bearish scenario.
Instead, this situation was hyped up as something bullish and the market pumped in response... The rookies were hooked in and a crash followed; money lost.
Now what we know from past history, books and all data available has been confirmed; Everything drops when the Fed raises interest rates...
I am writing this in support of my previous article about Bitcoin (see below):
Are You Prepared For The Long-Term? The Whales Are...
Here we talk about being prepared for the long-term, as prices go down just as they go up.
So, the Fed will raise rates again next month... And then again and then again.
This fact supports my article above.
Let's enjoy the Altcoins while we can.
Think back March this same year...
Yes, it grows, it is great but do not get lost in the hype and euphoria that quickly builds up.
Stay sharp and secure profits.
Avoid margin/futures and all gambling until the bear market is 100% over.
Focus now on buying and accumulating.
Buy, buy, buy for the next 3-8 months.
Hold anything and everything you bought for a few years; Peak 2025 or 2024.
In a nutshell, we are still in bearish territory but the market will absolutely grow after.
We expect some relief this or next week...
The relief can last 2-4 weeks, more or less...
Then the resumption of the trend (down we go).
The bottom can happen this very same year...
After the bottom is in, the only place left to go is UP!
This is not financial advice.
Do your own research.
Thank you for reading.
Thanks a lot for your continued support.
Namaste.
Apple A Buy? Not Yet + Altcoins Bear-Run!I am seeing many ads on the news section here calling for a "BUY" on the Apple (AAPL) stock...
We say... Not yet.
It is true we have support weekly on EMA100 (blue line) but there is still plenty of room for additional drop.
As it is happening with the Altcoins bear-run... (more below), AAPL very likely has another major drop coming before the bear-run is over.
Additional chart signals
We have a lower high, while prices close below EMA10 trending lower.
(There can be a bounce before lower prices).
Last time we had a similar correction, AAPL found support at the 0.618 Fib. retracement level.
This time around this level is set at 102.73.
When we look at the monthly chart, we can see prices closing below EMA10, aiming at EMA50...
Just like I explained in my BTC Dec. 2021 trade idea...
This means that AAPL can still correct by an additional 25% if all goes good, it can be more.
The market moves in cycles...
Up and down, up and down...
The Up phase has been going forever for Apple, time to go down based on the signals coming from this chart.
Now, let's compare... The Altcoins.
See how they also went through a Bear-Run.
Once the bear run is over, many new opportunities will show up.
Cardano's Bear Run
Solana's Bear Run
Ethereum's Bear Run
Bitcoin's Bear Run
Binance Coin Bear Run
Terra's Bear Run
Polkadot's Bear Run
Thank you for reading.
Thanks a lot for your continued support.
Namaste.
Not Yet, Wait A Little Longer...We are seeing Bitcoin drop but the question is this, will it continue lower or bounce back up?
Very likely to continue lower.
First we have the huge rise in price from late 2020 to mid-2021...
This phase needs to be corrected and so far we have two floors.
Near the $20,000 price level and $11,000 - $14,000.
The RSI is trending down but there is room for it to go lower.
It has been worse in the past in March 2020 and December 2018.
We have 6 weeks of bearish action, never before seen.
Last time we had this type of negative momentum capitulation followed.
Capitulation can cut prices by 50%.
From $40,000 we can easily see ~$20K.
Even if we see short-term bounces the trend is still bearish and strong.
The last support is around mid $28,000... Below this level the low 20s comes for sure.
There is no doubt now...
The only question left to know is if we will have a relief rally first, consolidation or a flash crash before the bears reach their goal.
The bottom is not in.
Give it time, Wait A Little Longer...
Last week was pretty bad so wait for this or next weeks close.
Patience is very important right now so sit tight and be strong.
Namaste.
Capitulation To Happen Now? Comments... $50K, $20K, $15K ???We have 6 weeks closing bearish for BTCUSD, the worst ever...
Do you think that capitulation will take place now?
A huge fast 30-50% drop to set the bottom before a change of trend take place?
(Something like this ...)
Tell us in the comments...
Thanks for reading.
Namaste.
Binance Coin vs Bitcoin Negative Correlation! (How To Protect...We see a clear negative/inverse correlation between Bitcoin (BTCUSD) and Binance Coin (BNBBTC)... We can turn this into something good.
We can use Binance Coin, the BNBBTC pair, to protect our Bitcoins while the correction intensifies.
We are fully ready and prepare for the worst possible outcome/scenario.
We are prepared for $22,222 or $11,300 bottom at the final bear-run; But this can take a while...
Meanwhile, we can protect our Bitcoins by moving to the Altcoins that stay strong.
This is not financial advice.
We do not trade futures/margin nor any type of gambling.
We do spot trading only.
We use patience and we have a strategy...
We buy and we hold... Long-term.
Patience is key and the true way to win.
Namaste.
Bitcoin Bullish Jump Can Lead To $54,000 Next!Bitcoin is trading within an ascending channel, we have a falling wedge and also higher lows.
Now that prices are trading near support, April is over and the summer yet to come, the possibility for a bullish wave becomes strong.
Here I am mapping some support and resistance levels.
Bitcoin staying above the blue marked space signals bullish...
Any trading below this level and we test the Jan./Feb. low.
This is an early signal...
But early is good.
Additional details on the chart.
Feel free to hit LIKE!
Trade Safe!
Be Patient!
Thanks for your support.
Namaste.
Chromia Potential Bounce After Complex CorrectionChromia (CHRBTC) is now producing a 'bounce' after a complex correction.
On top of the ABC correction pattern as reversal signal, we also have a strong RSI and the MACD trending upwards...
We can also see above average volume on today's candle.
The next target is marked on the chart.
Namaste.
BTC visiting 44K Soon, 47K in a monthHi!
I am here about to crack the price action of BTC and based on Fibionacci levels and Minor Support, Minor Resistance and Trend Line Rejection few months back, I am of the view that BTC might tap 44k then retrace to 42K and then experience some serious resistance at 47.5K
What Do You See Coming For Bitcoin In 2022 & BeyondIn 2022 I see Bitcoin conquering the world...
This is the year when we clear all doubts.
Not that many people are still doubting us but that they won't be able to doubt us anymore.
Not that they realize that we are here to stay but the that the world changed.
If the traditional financial markets recover and become strong; that's great, Bitcoin grows.
If the traditional financial markets god forbid crash hard and we get a repeat of 2008; Bitcoin and Crypto are here to gives a venue for us to come back stronger and fix everything that we in the past did wrong.
But how can you expect Bitcoin to take over the world and at the same time crash?
Every crisis is an opportunity...
From pain and suffering we tend to grow fast.
When we cannot avoid a situation that forces us to grow...
We humans, we do not cry.
We take it head on and build back much better, we always become stronger and in the end rejoice.
If Bitcoin has to crash it can crash...
It has happened many times before.
What about down the line... 2023, 2024 and beyond... ?
It is beautiful...
We still have so much suffering to get through,
We still have our main eye partly close.
As our eyes continue to open, we will see the good in everything and benefit from all the wrong.
How long will you stay with us?
I don't know.
Namaste.
DigiByte Coming Out Of A Strong DowntrendHere we can see a very strong downtrend that started in April 2021... One year ago.
The downtrend ended in March (last month) and we see a strong breakout followed by a retrace with prices now moving weekly back above EMA10.
We also have the harmonic pattern... Honestly, I don't know how it is called but this pattern works most of the time... It is pointing up.
See the chart.
Thanks for the support.
Namaste.
Siacoin Long-Term Chart (3200% To All-Time High)Siacoin hit its All-Time High vs Bitcoin back in June 2017.
Taken from the current price we have a 3200% potential if the same price is hit... But since we are within a higher low long-term, there can also be higher highs...
Patience is key.
We buy and hold long-term.
We trade with patience and love.
No margin, no gambling, no jumping around...
Patience...
Thanks a lot for the continued support.
Namaste.
Reserve Rights 2020 Support Activated (Long-Term Chart)RSRBTC (Reserve Rights) recently hit its early 2020 support level.
As this level was hit, marked blue on this chart, we saw the highest volume in 7 months.
Currently, RSRBTC is trading within a higher low and we see potential for prices to grow.
Last time, we saw over 888% of growth...
Maybe we won't see a bullish wave this time around...
But if you are trading, with patience... Buy & Hold...
(We don't do leverage, no margin, no future; we don't gamble)
This is a great chart set up with LOW RISK and HIGH POTENTIAL REWARDS.
P.S. This is not financial advice.
Namaste.
0x Moving Above EMA200 (Strongly Bullish)We can see ZRXBTC (0x) moving above the MA200 black line...
This is a really good and strong bullish signal, high trading volume is still yet to come which tells us that there can be additional growth.
As I mentioned in the UNIBTC chart analysis, we look like to near support.
Even though we have a strongly bullish chart here, we normally skip this one for the ones that are yet to start moving.
We like to buy BEFORE the bullish action starts.
This is still good though if you know what you are doing.
Light blue = support
Light yellow = resistance (targets)
This is not financial advice.
Namaste.
What To Look For? +AltcoinsIt is the trading volume that gives it away.
We do have higher lows compared to February and January but what gives it away is the volume.
Notice 16-17 April Bitcoin's daily trading volume was really low.
As a reversal started to happen April 18 the volume started to grow.
This is great news because we are expecting the Altcoins to continue with their growth (higher highs and higher lows).
If Bitcoin goes down too much, too strong, too fast the Altcoins fail regardless... Each time Bitcoin bounces and recovers, remains range trading, this signals that our Altcoins will continue within their bullish phase.
While Bitcoin grows 10%, the Altcoins can do 50 to 60% and much more on each wave...
This is not financial advice.
Remember to always secure profits on the way up (sell small portions as prices grow).
Remember to rebuy and reload when we hit support.
Patience is key.
That's all you need.
Namaste.
Bitcoin Aims at $48,000+ On Next Bullish Jump!I will start with the same warning as with Litecoin (LTCUSDT), it is still daily and we need confirmation for this analysis/move...
Bitcoin is likely to move above $44,444 followed by $48,111 after a candle close above $41,000 today.
This is not financial advice.
Do your own research before trading.
Namaste.