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Alansantana

BAND vs Bitcoin Chart Analysis (BANDBTC #5)BANDBTC is showing some recent bullish action but with really weak volume... There is hope. If we look at the last four candles, they are all green but the volume is not very convincing... It feels weak. This is a short-term analysis as we are only looking from June forward. BANDBTC is trading near All-Time Lows, in fact, the lowest ever was a long-wick back in January so this is ATL based on candle close. All-Time Lows are really good for our trading style. Setting up a trade at these levels can result in very low risk and high potential rewards. That is, a tight stop-loss (around 0.00001243 in this case) paired with high targets... But how you trade is up to you, we use manual stop-loss just so you know. The MACD is showing a bullish cross while the histogram is green but it sits below zero, still. The RSI is also trending higher but not yet in the bullish zone. It would be perfect to see the RSI above 50, the MACD above zero, and BANDBTC above EMA50 or 0.00001592. This is would give us very strong signals but there is still hope. We have a strong bullish divergence with the MACD. This isn't enough to consider this pair bullish but looking at the other altcoins, taking the whole market into consideration, then this one also can turn into a win. Namaste.
by AlanSantana
Bitcoin Entering ABC Correction | Altcoins About To BOOM!Bitcoin closed a full bearish/red candle yesterday and today its price is moving below EMA10. After a new peak/high, All-Time High, it is normal for a correction to take place... So, where are prices ahead? You can see additional details on the chart. As Bitcoin corrects, the Altcoins grow I am looking at mainly ALTSBTC but the altcoins market, in general, should be entering a strong bullish wave. Each chart/pair is different/separate, but the big majority can start changing course now nonetheless. Which one is your favorite altcoin? Which pairs do you believe will move strongly next? Share in the comments section. You can check some of my choices in the "related ideas" below. Thank you for reading/sharing. Namaste.
BITSTAMP:BTCUSDShort
by AlanSantana
86
Cindicator Trade Signal 150%+ (CNDBTC)Cindicator (CNDBTC) has a strong bullish bias right now. We did hit lower compared to July but only on a wick. We have a strong bullish divergence on both the MACD and RSI. Just a spark is needed and this whole thing can explode. Here is a full trade signal with entry, targets, and stop-loss. ======== ENTRY: 0.00000026 - 0.00000029 TP1: 0.00000036 TP2: 0.00000042 TP3: 0.00000048 TP4: 0.00000054 TP5: 0.00000063
TP6: 0.00000072 TP7: 0.00000080 STOP: Close weekly (W) candle below 0.00000024. ======== This is not financial advice. Namaste.
CLong
by AlanSantana
4
Bitcoin Astrology New All-Time High, Full Moon, Mercury Direct &Bitcoin hits a new All-Time High right on Full Moon day. What does it mean? Are these related? Let's have a look at Bitcoin related to some astrological events. Bitcoin Astrology with Alan Santana First, we have a Full Moon in Aries today and it is widely known that the moon is closely related to human behaviour and emotions. When the moon is full, people tend to be more active and outgoing, ready to take risks, move ahead, release, maturation. The financial markets are also closely related to the sentiment of the people. How the masses are feeling is also reflected in the markets. By inference, we can say that the financial markets and the moon are connected. A full moon would be a great time to see Bitcoin move to a new All-Time High, especially when the moon is in Aries which is the first sign of the zodiac, the pioneer. Aries has an energy that inspires us to take action, to be brave, take risks and get on with the new. New paths, solutions, options, choices, and opportunities. Based on the above description, we can easily see why Bitcoin chose this day to move ahead... There is more. Bitcoin first peaked in April 2021 also hitting an All-Time High back then. A strong correction took place and at the same time, many planets (wandering stars) started going retrograde. A planet is considered to be in retrograde motion when we see it moving backward in the sky. When planets are retrograde we feel the need to stop, go back, check, revisit before resuming our path to growth. Five planets total were retrograde while Bitcoin was correcting and all these planets are stationing direct this very month. Recently Jupiter and Mercury were stationed direct and we see how Bitcoin is also moving forward now with almost full strength. This is just a glimpse of Bitcoin astrology. This is shared for your learning and entertainment. I am hoping that you enjoyed it. Thanks a lot for reading. Namaste.
BITSTAMP:BTCUSDLong
by AlanSantana
35
Bitcoin 2013 goes 2021 | $150,000 or $250,000? Peak Your Target!I will keep it short and sweet. ---------- In April 2013 Bitcoin hit a new All-Time High and quickly went into correction for the next two months. May and June 2013 printing two red candles. In July, August, and September 2013 Bitcoin consolidated. (July/August Green, September Red) In October 2013 Bitcoin broke bullish. In November 2013 Bitcoin grew to new highs with massive strength and brute force. ======== In April 2021 Bitcoin hit a new All-Time High and quickly went into correction for the next two months. May and June 2021 printing two red candles. In July, August, and September 2021 Bitcoin consolidated. (July/August Green, September Red) In October 2021 Bitcoin broke bullish. In November 2021 Bitcoin is very likely to reach new highs... Stay tuned! Namaste.
BITSTAMP:BTCUSDLong
by AlanSantana
13
Polygon vs Tether (MATICUSDT #4) -I Don't Buy Here, Read In FullPolygon (MATICUSDT) had really good volume on the 15th of October. This is in fact the highest volume on a daily candle since May when strong bullish action was taking place. Everything looks good here chart-wise. Notice the black line (MA200), MATICUSDT stays safely above this level. Its price is also trading above EMA50 and EMA10. We have both the MACD and RSI in the bullish zone. We have 5 months of strong consolidation. Strong because prices remaining really high compared to Dec. 2020 low and May's All-Time High. Here is how I see it. MATICUSDT will continue to do good as long as prices hold above the marked support ($1.03-$1.30), below these levels a strong correction can show up. For our trading, this is a pair that I would never buy but why? MATICUSDT remains trading near its resistance all-time high. The ones we look for are the ones that are trading near support. Look at Nov. and/or Dec. 2020... This is where we buy before the massive bullish action shows up. After the strong bullish action is there, yes room remains for additional growth, but the risk is so much higher... We prefer lower potential risk. Higher potential for growth. I love Polygon, Bitcoin, and all Cryptos/Altcoins but we trade low risk and high potential rewards. We buy near the lows with a tight stop-loss. If the trade goes wrong... Nothing really, just a small loss. If the pair gets off, we enjoy massive gains, huge price increase, incredible results. I will later share/analyze my own choices, you will see the difference in the chart structure. For beginners, these charts will look bad because prices are not going up... But that's the point, buying BEFORE the bullish action happens so that we can enjoy maximum benefits on the way up. Namaste.
M
by AlanSantana
12
Ripple vs Bitcoin Daily Timeframe Chart Analysis (XRPBTC #4)Ripple (XRPBTC) had a bullish break recently when it managed to stay above MA200 (black line) and cut through EMA50 in late July and early August, but all this momentum has been lost now that prices are trading back below these levels. The bearish signals are many and the bearish bias is strong. We have everything trending lower. The trading volume is low though as this correction takes place signaling that this is just a programmed correction. XRPBTC might be aiming at the next support to see if buyers show up. After May's peak price, XRPBTC found support just below the 0.618 Fib. retracement level, a pattern we see repeating over and over across all pairs. We can use this same level as our bearish target before prices go back up. IMPORTANT: Ripple (XRPBTC) is still trading way higher compared to early January 2021 when a low was hit at 0.00000619 satoshis, we are moving within a higher low. For a long-term holder/investor/trader, this type of price action shouldn't be worrisome or relevant, it can be considered a long-term consolidation before prices resume their growth. Here I am mapping/describing just one of many possible scenarios. The charts/markets can change fast... Plan before you buy. Prepare for all scenarios and follow through with your strategy to achieve maximum results. Ripple has always been tricky but when it starts to go bullish it goes really wild and strong. Thank you for reading. Thanks for your continued support. Namaste.
by AlanSantana
1
Solana vs Tether Chart Analysis (SOLUSDT #3)Solana (SOLUSDT) has been strongly bullish, always, and with the entire market set to continue growing, we see no reason why this bullish trend should stop. Even though Solana joined us recently it is now the #7 biggest cryptocurrency project by market capitalization. This one is good for DeFi and DApp creation. On the chart above, we see potential for higher prices, the technicals are all good. There can be some consolidation but at this time everything looks great. If a strong correction comes, we look for the 0.618 Fib. retracement level as main support. That would be within a price range between $80 and $97. When we look to the upside there is no limit as to how far this can go. We are on price discovery here. This is basically a new project and the cryptocurrency market is just getting started so there can be much more. There can always be and will be price swings but the future is bright for this coin. Namaste.
Long
by AlanSantana
2
Full Litecoin vs Bitcoin Analysis (LTCBTC #2)This is an interesting one... Here we can see that the TOP altcoins have their own cycles/charts. This is LTCBTC and this one is completely different from most other ALTBTC pairs. This week, LTCBTC hit a new All-Time Low, going lower than the low hit back in March 2017. This low was set at 0.00300000 and recently we hit 0.00293440 on a wick. Now, this is tricky here as this can be read in multiple ways and how the market behaves also varies depending on what you are looking for. ATLs are good, for us bulls. When you hit bottom, the only place left to go is up... But, we can't be sure that this is the bottom as prices can continue to drop. That's the tricky part. We have multiple bullish signals as in the hidden bullish divergence with the MACD and RSI. The RSI is also strong above 40 weekly. You don't get a strong RSI when hitting new lows, telling us that things can change soon. The next one is MA200 trending down. Prices tend to gravitate towards this line. As the MA200 line indicators trend down, prices can reverse and start to trend up; this is an original signal. Peak price was hit February 2018 which means 3.6 years of a bear market for this pair... This is also long enough. Conclusion We go by the charts and this chart is bearish. I pointed out the potential for change because we trade on the bullish side but the reality is that prices can keep going lower. If the current support breaks, which is the new and old All-Time Low, I've marked the final support. After this level is hit, we are very likely to move back up. Things can change sooner though and we see Litecoin vs Bitcoin turn. The new and last ATL was hit only with a wick so far... This can very easily be the bottom and then this pair can experience long-term growth. This is not trading/financial advice. For trading, we wait for the right signals and confirmation first... Keep this in mind. Thanks again for your continued support. Namaste.
by AlanSantana
6
Full Siacoin vs Bitcoin Chart Analysis by request (SCBTC #1)We start with Siacoin vs Bitcoin (SCBTC), which is the TOP requested altcoin in our previous trade idea. The first thing I would like to show you is what I call a bullish chart/trend/cycle. The low for SCBTC was set late December 2020 at 10 satoshis, that is 0.00000010 BTC. Any trading above this level, even if it takes years of waves and price swings, we consider this chart to be bullish. A strong bullish wave took place from January 2021 until April 2021. This is also true for most Altcoins. Keep this in mind when people tell you that Altcoins should drop because Bitcoin is going up. Bitcoin had a strong bullish wave on this same period and we saw Bitcoin and the Altcoins growing as well, this is normal. Siacoin (SCBTC) went from 10 satoshis in late December 2020 to 103 satoshis in April 2021, that's 906% growth. Another thing to keep in mind is the huge bullish potential these Altcoins have. After the bullish wave we get a correction, this is completely normal. After the correction we get a long drawn out period of consolidation/accumulation. This is where all the weak hands will be removed. Then suddenly a new strong wave takes place that can last for many months. Now comes the potentially tricky part. After the consolidation we get another "Up wave", a bullish move but, sometimes support can be taken out and we get 3-4 more weeks (or months) of correction before the next bullish jump. The main support is set at 30 satoshis marked by the 0.786 Fib. retracement level for the full wave that started in late December 2020. If this level is taken out, we can see a few weeks or a long-wick down and then the new UP wave. We get "straight up" or "drop first and then UP!". The easy strategy is to simply buy and hold and be patient, focus on something else after your trade is set up (our main and basic trading strategy). When the bullish wave is back on, it will be very clear. When your targets are hit you collect the profits and your work is done. I am a bull so I believe more in the bullish side but everything is possible at this point. Next time we breakout strong, we will not stop at 103 satoshis it will go higher since we are trading within a higher low. Here I am mapping 160 satoshis (0.00000160) as the target but this also varies wildly as things develop. This is the first one of 20... I will share your TOP 20 requested altcoins, 10 ALTSBTC and 10 ALTSUSDT, and then will share 5 of my own with strong bullish bias and potential growth Thanks a lot for your amazing support. Namaste.
S
by AlanSantana
16
Bitcoin Dominance Chart AnalysisPeople ask a lot about this chart, Bitcoin Dominance (BTC.D). Currently, we have some bearish action developing even though it is early on. We are used to reading early signals and this is pointing like a correction is about to show up. Check my latest BTCUSD for more details. Now, how far down can this one go? We are looking at a correction but not a bear wave/market, with this in mind we aim at a higher low. The 0.5/0.618 Fib. retracement level looks like a good support. This is also close to EMA50 which also tends to works as strong support. The RSI is already trending down after a lower high. Same with the MACD. This is all expected and we are not surprised. We need one final strong correction before Nov./Dec. If we really one to see $100K or beyond. This is what I see coming from this chart mixed with all the data that I have from reading Bitcoin for the past 8-12 months. If you agree or have a different opinion, share it in the comments section with us. Thank you for reading. Thanks a lot for your continued support. Namaste.
CRYPTOCAP:BTC.DShort
by AlanSantana
25
Bitcoin | New Signal + Trading Tip (Learn From Your Mistakes)I mentioned this one briefly in a previous article, this pattern isn't new but has been pretty relevant in this bullish cycle. The first half of the week we go slow and/or red. The second half of the week things speed up and/or green. I made a mistake recently which costed me a lot of money. All my mistakes are really expensive because I put tons of money on each trade. I put my money in on some altcoins, with a clear target but when I saw the bearish action took the small profits and moved on... The first half of the week. If I had waited, I would be earning a lot more. (Be patient) To me this happens because I detach all the time. Had to detach to take care of my health. Each time I come back, I have to learn everything all over again and there goes the same mistake. No worries though, no problem. From these mistakes we learn. I take the loss and move on and at the same time even feel happy, because I will have the chance to try again and see if the next time I will get it right or wrong. The goal is not to avoid making mistakes or trying to win them all... Some we win, some we lose. We just need to be honest with ourselves, see where the problem is so that it can be corrected on the next try. Since this market is bountiful... You will always get a second chance. Looking like straight up for Bitcoin... YES! Feel free to like, share, follow and/or comment to show your support. Namaste.
BITSTAMP:BTCUSDLong
by AlanSantana
43
Ripple vs Bitcoin (Over 900% To Jan. 2018 Peak price)We are active with a lev. trade for Ripple (XRPBTC) as we have a strong bounce taking place. Bullish confirmation comes in after prices close strongly above EMA50 (0.00002206). Looking at XRPBTC long-term, we have over 900% of potential profits from the current price to the January 2018 price peak. Keep something in mind though, when this thing takes off it will hit new highs just as we hit new lows when the bears are in control. This is not financial advice. Thanks a lot for your continued support. P.S. Targets can be found on the chart. Namaste.
Long
by AlanSantana
6
Bitcoin Straight Up? It Is Looking Just Like It... Do You Agree?Greetings my fellow cryptocurrency traders, how are you feeling this Friday? We have a very strong volume bar 6-Oct. and also an ascending channel for BTCUSD. After the peak on the six, we have some retrace but the price remains above EMA10. This can lead to straight up right away. What do you say? If EMA10 ($53790) fails to hold as support, we are likely to hit lower, around $50,000 before we continue up... This is only relevant if the bears come on board. As long as we remain above EMA10, we have bullish potential for the short-term. Watch out for higher prices... Be prepared in case the market conditions change. On this bullish cycle, the weekends have been green while we get red on the first part of the week. Seeing that the weekend is ahead of us... This is another signal that supports a jump for BTC! Like or comment... Which one will you pick? Namaste.
BITSTAMP:BTCUSD
by AlanSantana
25
Bitcoin Hits New High; What Is Driving This Great Bitcoin Rally?Now, let's look at the charts and what it has to say. First, we came back 1st October with a prediction that Bitcoin will become bullish and strong. We later wondered about the future, where will Bitcoin be in 10 years? Will it be $1,000,000, $2,500,000, $50,000 or more? I believe that we will see a 100T (Trillion) market capitalization for Bitcoin soon enough... But let's get back to the present day, how much higher can prices go? Daily Bitcoin Chart Analysis With @alansantana Today we have a new high for BTCUSD. Hitting a new high is a very good/strong bullish signal. This is the highest price level Bitcoin hits since May 2021. We had a strong correction take place starting 12-May and now the price has fully recovered and we have really good strength. What is driving this rally? Very strong fundamentals; the entire world is opening up to Bitcoin. Our indicators, RSI and MACD, are looking better than ever. The MACD is now above zero, trending up while gaining in bullish momentum. The RSI is super strong almost reaching 70 (69.26). We have some good resistance around $55,000 - $58,000, but what the signals are telling us is that Bitcoin's price will continue to increase. The candles are looking really good (candlestick reading) and the volume is still low but a positive signal at this point. The weekly timeframe is looking great (we will do an analysis on this one later) and the monthly as well. The Altcoins are also good and will continue to grow long-term (higher highs and higher lows, not irrelevant price swings). These are good times for the cryptocurrency markets. We are looking great for our end of year target... 2022 might be even better so be prepared... Study, learn, focus, breath deeply, think before taking any action and enjoy the profits as they come. Be smart. Be wise. If you fail... Try again. We learn from mistakes. Our mistakes helps us to grow. Thanks for being part of this evolution. Cryptocurrency is the evolution of the Internet. Internet HD or Internet 2.0 :D Thanks a lot for your continued support. Namaste.
BITSTAMP:BTCUSDLong
by AlanSantana
35
EasyFi (EZ) 80% Target Mapped After CorrectionGreat weekend my fellow cryptocurrency lover, let me show you another chart today. EasyFi (EZBTC) did some great numbers back in August. A strong correction followed and support was found around the 0.786 Fib. retracement level... Now prices are moving back up. With the 0.786 Fib. retracement level hit and a strong green candle coming in today, we can say that the correction is over and what follows is a bullish wave. With the bullish cross on the MACD and the strong RSI as well. Here I am mapping 80%+... More or less. This is not financial advice. Thank you for coming back. Thanks a lot for reading. Namaste.
ELong
by AlanSantana
6
MOBOX Starts Turning BullishGood evening my fellow Cryptocurrency trader we have another one for you today. MBOXBTC (MOBOX) is now switching from bearish to bullish potential. We can say this based on the signals coming off this chart. The RSI has gone above 50 and we are looking at the daily timeframe, making this a strong signal. The MACD is pretty low but starting to trend up with a green histogram. Finally, we have prices closing above EMA10 yesterday and trading above EMA21 today. Potential for higher prices... But things can always change. Prepare for all scenarios. Use a stop-loss and have a plan before you trade. Thank you for reading. Namaste.
Long
by AlanSantana
2
Bitcoin Weekly Update, Going Back To Basics (Full Analysis)We've been looking at Bitcoin on the short-term timeframes but what about long-term? We are strongly bullish on Bitcoin long-term aiming for $80,000+ or even $100,000+ late this year (2021) or Q1 of the year 2022... This is great news. But, do the charts support these targets? Is Bitcoin ready to move ahead? What about last week strong bearish candle? What will happen to the Altcoins? Feel free to enjoy now and let's get to those answers. Bitcoin Weekly Update, Chart Analysis + Altcoins Market Update Last week Bitcoin printed a strong bearish candle... Prices dropped from a high of ~$53,000 to a low of $42,900. This $42,900 low matches perfectly EMA21. This level is also below EMA10 but the price recovered that same week and the candle close at $46,035 above EMA10 and EMA21, which is good. Corrections are normal. This drop was fueled by the liquidation of Billions of USD worth of LONG positions... Nothing really when you look at the long-term picture here. I say nothing because Bitcoin's price clearly remains trading above EMA10. Any trading above EMA10 = bullish potential. Going below EMA10 = bearish potential. This is going back to the basics. The MACD is on the bullish side and the RSI super strong. We consider the RSI weekly to be strong above 30/35 and here we are at 56. EMA10 and EMA21 were tested again this week and we are seeing some green. Next: The immediate support is set in the range of $42500 to $45500. All great above this range. If it goes below this range the lower prices become possible; mainly, EMA50 around $37,000/$38,000. Still, even with strong bearish action taking place, WE REMAIN BULLISH ABOVE $28,600 (June low) . It is important to keep in mind the broader trend, the bigger picture not to get lost in the small moves/inevitable market swings. A drop from $53K to $43K is not really big...
We have to take into consideration that Bitcoin grew from $28,600 to $53,000, that's 85%+. Corrections are necessary for Bitcoin to continue with its growth. It can correct and correct and we are bullish as long as we remain within a higher low. Forgetting about the bears, the Bulls continue to have the upper hand as the basics signals have shown. We have the strongest fundamentals in a long while... The TapRoot Network upgrade will be active as soon as November 2021 comes. Conclusion The Bitcoin (BTCUSD) Weekly (W) chart technicals are bullish. The fundamentals are also really strong. The institutions are now coming in. Countries are starting to open up. Bitcoin is being used for day to day purchases which is something we have never seen before. $100,000, $250,000 or $1,000,000 for 1 Bitcoin is not impossible to achieve. Think of the Internet days, those companies that defeated all expectations up until this day... Bitcoin is a technology not similar but better than these. Regardless of what the chart says, when we look at Bitcoin long-term, past history tells us that the best move is for us to buy and hold as much as we can and continue to repeat this process long-term and this is a sure way to win. Altcoins Market The Altcoins growing as well is always a bullish signal Bitcoin and vice versa. Money flows from Altcoins to Bitcoin and from Bitcoin to Altcoins. In rare occasions only money leaves the market and this is not the market phase that we are on. With worldwide Cryptocurrency adoption taking place, all systems being updated/upgraded and being prepared... It is the time to jump in, STRONG HANDS. Plan for both, the bullish and bearish potential scenarios and you will be fine just by being prepared. We took the worst bear market from 2018 until late 2020... The bull market will last much longer. There are thousands more coins so all the cycles become longer. If the last bull market for the Altcoins lasted 1-2 years, this time it will go for 2.5-5 years. Do you agree? How long do you think the Altcoins will continue printing higher highs and higher lows? For how long do you believe that Bitcoin will continue on its ultimate bullish run? Remember, Bitcoin has been bullish since Day One (1). Namaste.
BITSTAMP:BTCUSDLong
by AlanSantana
25
Tezos (XTZ) Reveals What We Already Know... Tezos (XTZBTC) goes ahead and hits a new high after long-term accumulation and higher lows... This is exactly what we know will happen to the rest of the altcoins vs Bitcoin pairs. Strong bullish action Q1 this year. Correction and accumulation next. More accumulation... Higher high a 100%. The whole market is interlinked... Be patience... Weak hands are being shaked out before massive growth. Also, we have many thousands of coins now, so it takes a long time for each one to take off. Patience is key. Thanks a lot for your support. Namaste.
Long
by AlanSantana
14
Bitcoin Discount Almost Over? New Signal Developing...The price drop on 7-Sept. was a strong one, we saw the Bitcoin bears jump in with full force... But we are wiser than that, we know this market is generous, the drop we consider as an opportunity to Buy & Rebuy - Cryptocurrency Market Update | New Buy Opportunity For Altcoins , Bitcoin is moving back up. We now know that this drop was caused by the liquidation of many longs... Us, Bitcoin buyers and supporters continue to aim higher and hold strong. The chart technicals are going back to the bullish side, short-term, let's see what's up. First, let's go back a month and notice the drop in early August. As Bitcoin recovered in late July it managed to conquer (break and close) above EMA100, this is strong resistance every time. As a strong level is conquered, it needs to be tested as support before the initial move can continue. And this is what we see in early August, a test and re-test of EMA100 (blue line) as support. Since this level held strong, Bitcoin went straight up and grew for an entire month. This time it also conquered MA200, the black line on the chart... As this is a strong level, it needs to be tested as support before it can move ahead. The derivatives market liquidation happened on 7-Sept., we read reports of 3.5 to 4 Billion in all... prices dropped and EMA100, EMA50 were tested as support. We are aiming for daily close back above MA200 since the initial drop. This can tell us that the correction is potentially over and Bitcoin continue to grow. We also have this green ascending channel on the chart... This is the signal but not so fast... It is still early and this can all easily change. If BTCUSD can stay above $45900 (MA200), we can expect higher prices next... But if it fails to hold up, we are definitely going lower and this time not just $43,000 but maybe even $38,500 so be aware. We are not predicting what Bitcoin will do, NO. Instead, we are reading the charts for you everyday. This is not financial advice. Thanks a lot for your continued and amazing support. I LOVE YOU. Namaste.
BITSTAMP:BTCUSD
by AlanSantana
37
Bitcoin Short-Term Strange Signal... Is It Reliable?q) What is charting? q) What does it mean to read charts? q) Are these tools useful? q) Is it reliable to reach a conclusion based on the data coming from these charts? a) You can reach any conclusions you want by reading or not reading a chart. a) These tools are very useful and they can definitely help you with your trading and also to improve your trading results. a) Reliability will depend on your long-term results. If you develop a system and you use it, testing it first, it can be reliable if you get the results that you were looking for. a) If the results are no good, then you shouldn't rely on it. Trading and reading charts are still separate though and chart reading should only be complementary to your trading and not your trading strategy. The chart reading is only a part of it. You should never take any action based on what you read here. It is better to build a plan and trade based on your own plan. You can use the charts to support whatever strategy you built based on your own research. The charts can be used for learning, entertainment, fun and so on. Now, Cardano (ADAUSD) has been leading the pack. We have the same pattern on the drop as ETHUSD and BTCUSD... See the chart below: Can you see it? Moving below and then back above MA200 with good strength... ADA has been leading the pack, if Bitcoin follows, it can do the same... Do your own research. This is not financial advice. I hope you enjoyed this article on this beautiful Saturday. I Love You! Namaste.
BITSTAMP:BTCUSDLong
by AlanSantana
34
Bitcoin Legal Tender in El Salvador - History In The MakingHello my fellow cryptocurrency trader, how are you feeling today? Soon the Bitcoin Law in El Salvador will come into effect and we want to show our support... We are buying $30 USD BTC, all of us. I know many of you would like to know the exact levels at which Bitcoin will meet resistance on the way up (targets). I am sharing these with you today. Our first target short-term is set at (1) $54,083 . Followed by (2) $57,548 . Coming next is (3) $61,957 and then comes the (4) All-Time High . If the All-Time High back from April can be taken out right away, we will see Bitcoin hit ~$75,000 followed by $82,500 and then we surely retrace. The first three targets, we can hit short-term, the rest are just a question mark yet we still prepare. El Salvador Makes Bitcoin Legal Tender The Bitcoin Law comes into effect 7th September 2021 (tomorrow). We are all buying $30 USD BTC at 8:00 PM UTC to show our support for El Salvadorian people and government. You can buy more of course...
Just make sure to show your support. Exciting times now and coming ahead. It is great to be part of this market. We Love Bitcoin! Namaste.
BITSTAMP:BTCUSDLong
by AlanSantana
77
Bella Protocol (BEL) Also At EMA100 Resistance...This is another pair that is facing resistance at the EMA100 blue line, BELBTC. You can clearly see here how the price action is compressed between EMA50 and EMA100. As soon as EMA100 (0.00004626) gets conquered, we see candles break and close above it, BELBTC will fly up and hit our targets marked with yellow squares. If somehow it breaks lower, less probable at this point, we can some more consolidation and then we try again. The bias is 100% bullish short, mid and long-term. Patience is key. Namaste.
Long
by AlanSantana