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Bitfinex

🅱️ (₿) Bitcoin's Daily & Weekly MACD, A Bears Nightmare!The MACD has a story to tell about bitcoin and where we are at in the current market cycle. Let's dive in shall we? Feel free to boost/like 🚀👍 at the end if you enjoy the content. We start with the daily timeframe... The MACD hit bottom in May 2021, just a little after the time when the first 2021 ATH was hit... Here is the chart: Ever since this May 2021 low we experience higher lows, even while bitcoin hit a new low in June 2022 and then again in November 2022, the MACD continued to move higher slowly by printing higher lows. In early January, around the fourth, the MACD prints a bullish cross with the MACD line moving above the Signal line. Days later the histogram turns green and the MACD enters the bullish zone and is now growing above this level. The local downtrend has been broken. The major counter-trendline is now the target of the current break on the MACD. It looks good for additional growth in the coming weeks... Let's see what the weekly timeframe has to say for the coming months! The weekly MACD hit its lowest point ever for BTCUSD mid-July 2022, here is the chart: This is soon followed by a bullish cross, MACD line moving above the Signal line. It broke the major downtrend and has been trending upwards strong since with a bullish/green histogram. The MACD is still below zero but the bullish bias on this indicator is really strong based on the new low and the upward pressure. The histogram turned green in early August and continues to build towards the bullish side. The MACD on the daily and weekly timeframe for BTCUSD is sending out strong bullish signals. Namaste.
BITFINEX:BTCUSDLong
by AlanSantana
17
🅱️ (₿) Bitcoin Path To $48K | Elliot Wave & Nature's LawKeeping it simple, here is the path to $48,000 based on the weekly timeframe and a bullish Q1 and Q2. Many signals are pointing to this scenario now becoming the most likely... What do you think? One final note... The sentiment, the market sentiment is really, really bad. The level of negativity we are seeing and experiencing is not something we've seen before in 10 years in Crypto... This is good news . It is actually a characteristic of a market bottom to have such negative sentiment, in fact, you cannot have a market bottom if people are joyful and happy, that would indicate a different market phase. Only after Bitcoin goes back above $28,000 or even $30,000 will some people snap out of it. Many people will carry the frustration for years to come. Just remember how you felt when you bought at the top and the low/bottom was hit... No way, we would say... Bitcoin went from $3,500 to $10,000+ and still we were not conscious that things would change for the better for years to come. It is nobody's fault... It is called market psychology, herd mentality. Only with experience or being prepared before-hand can one go through a bear market and remain psychologically unscratched, the rest, they have to go through the same cycle we've been through before. We understand... It is not easy but we are ready to see bitcoin going up and we are ready to be happy about it, to be grateful and at the same time enjoy. The others can join us whenever they want but we know what we are doing... Bitcoin is going up. Ok... But what happens if bitcoin goes down? It has been going down since November 2021. The orthodox top is April 2021... Just think long-term . The period between April 2021 and November 2022 is a classic flat correction based on EW Theory. The bullish wave from March 2020 to April 2021 lasted only 13 months, you do not need two years to correct 13 months, this bear market is over-extended. Anyway, you can calculate the top in November if you like and you would still have 14 months of correction/bear market, longer than the initial bull-market. Anything that needs to be corrected, FTX, scam companies, weak hands, etc., has been corrected. That's what this period is for. After the bad hands are removed... The market can continue within its normal growth path and follow Nature's Law. Ok... What happens if bitcoin crashes and hits a new low. Just think long-term... Adapt to market conditions, buy the dip and continue accumulating as much as you can. Namaste.
BITFINEX:BTCUSDLong
by AlanSantana
4
🅱️ (₿) The Real Meaning Of A Bitcoin "Overbought" Daily RSI...The real meaning of the RSI numbers going above 80 is "strong". The signal can be read as "strong" or "very strong". RSI = Relative Strength Index . Below a certain level we consider weak/oversold. Above a certain level we consider strong/overbought. It works with the trend. You need some context for the RSI. It can go to "overbought" and stay there for 6 months before dropping, as an example. But if you see an "strong/overbought" signal and new lower highs start to show up or some bearish candlestick, bearish patterns, etc. -context- then you can take the signal. Bitcoin can drop surely just as it can go up, but the RSI cannot be looked at on its own.

A good example can be seen by looking at the daily (D) RSI for Bitcoin (BTCUSD) around late October 2020. It went overbought while Bitcoin continued to rise through April 2021, almost six months. When Bitcoin peaked in April 2021, the highest price in its history at that time, the RSI was far from overbought... You need to use it with the trend to maximize the benefits of this indicator. Another example was the time between April and June 2019. Bitcoin goes overbought on the RSI and this precedes a bullish wave. Then again in November 2015 the RSI flashed very strong/overbought and Bitcoin went on to print higher highs and higher lows until December 2017, more than two years of sustained growth. An RSI that goes above 85 after a major downtrend has been a positive predictive signal for a newly starting bullish cycle. I hope that helps. Namaste.
BITFINEX:BTCUSDLong
by AlanSantana
7
🅱️ (₿) Bitcoin BEARS In Complete Denial About $25K & $28K Next!The situation is much worse than anything we thought possible... The bitcoin bears are not in disbelief, they are in complete denial. To the bears, bitcoin is crashing hard and hitting new lows. Forget about the massive bullish breakout, high volume and multiple resistance level taken out in just a matter of days... To them, it is sure it "will continue" lower. It cannot continue because it actually moved up, this is a fact. Is it just me or people/bears are becoming really crazy right now? Isn't the price enough to show that bitcoin has gone up? After MA200 the next target is EMA300 on the daily timeframe, that's $23,994. $25,000 and even up to $28,000 is in the cards for the weeks to come. The FED is playing again in early Feb... After this event, we expect additional growth... We see how it goes. All the signals are bullish right now. The RSI is super strong or overbought . Namaste.
BITFINEX:BTCUSDLong
by AlanSantana
29
🅱️ (₿) The Last Bitcoin Recovery Chart You'll Ever NeedIf this chart doesn't turn you instantly into a Bitcoin bull I don't know what will... We already looked at hundreds of bullish signals but new ones continue popping up . This is the BTCUSD monthly timeframe. Let's get started right away! 1) A bullish candlestick pattern is forming on the monthly timeframe. 2) Full green candle. Notice the current months candle is trading higher than the monthly close of September, October, November and December 2022. Bitcoin closing January 2023 above $20,500 would send a very strong bullish signal. The very easy to reach target/resistance level on confirmation of this signal is $23,800 - $24,300, this is very easy for bitcoin if this signal is confirmed. The price action in February will confirm if we stay at $28,000 to $31,200 or the if the doors remain open to $48K. Thank you for reading. Namaste.
BITFINEX:BTCUSDLong
by AlanSantana
5
✳️ OmiseGo Hits New All-Time Low, Good News!On the 19-Dec-2022 week OmiseGo hit a new All-Time Low vs Bitcoin (OMGBTC). This ATL was hit at 0.00005794. The previous All-Time Low happened early March 2020 at 6000 satoshis (0.00006000). What followed this previous ATL was a 1,250% bullish wave. Here is the chart: That's why I believe hitting new lows is a piece of good news... Because we can't go any lower than the bottom or else it isn't the bottom... And once we hit bottom... You know what comes next. Now the potential is there for OMGBTC to grow...
It can go lower who knows but once it takes off, we will have sustained long-term growth. The risk is very low here, less than 10% for a stop-loss. The upwards potential is huge... Namaste.
Long
by AlanSantana
5
🅱️ Bitcoin Renko | Daily Timeframe, Buy SignalThe Renko chart for Bitcoin (BTCUSD) on the daily timeframe gave the first buy signal after hitting support on 10-Nov. This signal was negated 21-Nov. and on the 30-Nov. and 13-Dec. two additional buy signals... Just to be negated again 19-Dec. but this time within a higher low. It's been a while since we read the Renko chart, we forgot completely about it but look at this... On the 11-Jan. came in another buy signal as BTCUSD moved above EMA10 daily and it continues green. No more sell signals. No more negations. A new green brick is in the process of being placed. Renko continues bullish as long as no red bricks are placed. Bitcoin is bullish on the daily Renko chart. The weekly is still red though. Thank you for reading. Namaste.
BITFINEX:BTCUSDLong
by AlanSantana
7
🅱️ Bitcoin Moving Above MA200... $48,000 Now Possible!Stating that the Cryptocurrency market, Bitcoin, is unpredictable is an understatement. It is just not possible to predict how fast things can change. One can expect a relief rally, a small jump in prices but not a change from the worst ever, to a signal that points to long-term gains. Today bitcoin has challenged and gone above MA200 and indicator that gauges the long-term potential of any crypto trading pair. Today we have the news of the Bitcoin-Bonds... Prepare for massive growth since we have lots of time before any major correction takes place. At this rate... Maybe we will go beyond $30,000, $40,000... Even up to $48K? 🅱️ ₿ If 2018/19 Repeats, The Bitcoin Bottom Is In, $48K Next! Thank you for reading. Namaste.
BITFINEX:BTCUSDLong
by AlanSantana
9
🅱️ (₿) Another 6 Major Development On The Weekly Bitcoin Chart We have another major development to share with you... (1) The major downtrend that started after Novembers 2021 All-Time High has been broken. (2) Bitcoin is moving back above the June 2022 low. The short period below this level can be considered easily market capitulation, liquidity hunt, etc. (3) Very strong bullish divergence with the RSI. The RSI bottomed in June 2022 while bitcoin bottomed in November 2022. Notice that Ethereum and thousands of other altcoins did not hit a new low in Nov./Dec. (4) Bitcoin is back above the 0.786 Fib. retracement level for the full March 2020 to November 2021 bullish cycle... Wow! (5) Volatility increases. Regardless of the direction, an increase in volatility indicates upcoming change. The cryptocurrency market being bearish for more than a year, change would be bullish. (6) Mars goes direct. Mars went retrograde 30-October 2022, a period of indecision and introspection. As Mars now goes forward, 12-January 2023, it is time to take action. In the case of Bitcoin, this means growth. $24,000, $30,000, $35,000, $40,000 or more? Here we go! Namaste. P.S. I was going to share 1 major development, #1 and ended up with 6... 😅 Thanks a lot for your support.
BITFINEX:BTCUSDLong
by AlanSantana
4
🅱️ (₿) Can This Inverse Reaction Signal The Bottom Is In?Bitcoin hit a peak/high price first in April 2021 at around $64,000. This new All-Time High was followed by a very strong correction, around 55% and then a new high was hit in November 2021 at $69,000. For us technical analysts this is basically a double top. The new high in November vs April doesn't make much difference. Bitcoin didn't hit a new Fib. resistance level nor grow by any appreciable amount, instead, this second high simply confirms the April 2021 peak as resistance. We all know what followed... The start of the correction phase/bear cycle or bear market. Now, what if we look at this in reverse? In the past bitcoin would grow 1,000,000X, then it grows 10,000X, then 100X and then 13X... As the market grows and evolves the swings become smaller. Bitcoin hit a low in June 2022 of around $17,600, this marked the capitulation low. Just a few months later, in November bitcoin moves to hit a new low this time at $15,600... Notice the same action with the top/peak price but in reverse. The initial low hits and then another low but the secondary low is not really a new Fib. level, we would expect to see the next low at around $13,000 or $11,000 but instead it happened higher. This low would confirm the initial June 2022 low as support from which point can start a bull... Wait... No, hold on, too soon... Let's continue before reaching the conclusion. In the past, bitcoin would correct by 98%, then this was reduced to 95%/90% and 85% as the market grows and evolve... It is possible that as bitcoin becomes older, bigger, stronger, bear cycles/correction phases will produce smaller and smaller waves. So far we have a 77% drop from the ATH... This might be enough to end this bear phase. Are you ready for some GREEN? Write YES! in the comments section below if you agree. Namaste.
BITFINEX:BTCUSDLong
by AlanSantana
7
🅱️ Billionaire Planet Friend Just Called, Ready To Buy Bitcoin!My friends, not one but two, they are billionaires... No, trillionaires and I call them planets because planets are bigger than whales... So imagine how big their pockets are. They called, one first then the other, and we went through all the basic formalities... - Hows your dog and your cat? - What about your wife and the family hows everything going? - Did little Johny got his tooth fix? - I hope Jeany isn't still messing up at school is she? ... After we got rid of the nonsense we got down to business. =================== Trillionaire/Planet/Whale #1: Hey, guess what? Me/The Sun: Go ahead... No suspense. Trillionaire/Planet/Whale #1: I am ready to buy bitcoin! Me/The Sun: Don't you say... Weren't you the one saying that it was going to $3,000 and you were going to wait and so on and so forth... What changed your mind? Are you positive, certain, not uncertain? Trillionaire/Planet/Whale #1: Listen, I read online that the best way to buy is DCA, so I am going to buy now and just keep buying if it goes lower... Me/The Sun: Can it really go lower if you decide to buy? Aren't you going to buy billions? Trillionaire/Planet/Whale #1: You know what... I'll call you back... Keep and eye on the charts... Tud! (He hung up) =================== My friend likes to be mysterious and even though I was playing the not interested part I got really excited... "Oh great, this matches my timing..." A few days go by and I receive another phone call... The dumb-encrypted phone reads "Bobby"... =================== Me/The Sun: Hey what's up Bobbyyyyy... How you doing brother why you calling on the encrypted line, you good? Trillionaire/Planet/Whale #2: Yeah, yeah I am good listen Alan... I got something for you, you gone like it maybe you can post about it or I don't know. Me/The Sun: Great, tell me what is it! Trillionaire/Planet/Whale #2: I just got off a conference with my team and we are about to buy 10B BTC... To start. It is not just us... People are getting ready, that's the word on the street. Maybe you can share it with your people so they too can know what is going on... Me/The Sun: Hey, you know I love you Bobby but I've been telling my people to buy since November 2022... In fact, many are pissed because I keep saying "buy", "buy", "buy" yet they see nothing happening... But I trust you, fully... If you say so... I guess the waiting has been cut short. See you next year in the island. Say hi to your queen Bobby and the boys. Trillionaire/Planet/Whale #2: I love you Alan... Keep doing what you are doing and thanks a lot for your continued support. =================== Namaste. ----- Enjoy The Full Moon! 🌕🚀🤗😄👍
BITFINEX:BTCUSDLong
by AlanSantana
31
✳️ MATIC Network vs Bitcoin | A Very Difficult PositionHere is a great example of a chart that we do not trade... I will explain the reason why. MATICBTC has shown great resilience, amazing strength because it remains trading near its All-Time High while the entire cryptocurrency market was going through a terrible bear market. Now, we have many technicals that support the bulls such as a strong RSI and prices trading above EMA50, so why avoid a chart like this one? The markets are unpredictable... Anything can happen at all times and this chart is a great example. Now, the only way to trade spot on is on the long side... The lower the price, the higher the potential for growth. The higher the price, the higher the potential for a drop. While this pair can continue to grow for years to come... We have a double top long-term, one in May 2021 another one in November 2022. This is not good. We look for pairs that are bottomed out or trading near a strong support. Once support is tested and holds there is high probabilities for prices to move up. In case a breakout fails, we have a tight stop-loss. 5%-15%. While on a chart like this one there is lots of room for prices to drop. Here are some examples of charts where you see support being challenged an a potential for the trend to reverse: ✳️ Chiliz vs Bitcoin | Very Interesting (66 to 114% Potential) ✴️ Fantom Looking Like July 2021... 2,180% Wave To Go UP! ✳️ Kava Rebound Points To Easy 40%, Up To 100% Possible ✳️ Ethereum Classic vs Bitcoin Fully Mapped (70% to 198%) ✳️ Zcash About To Print Strong 100%+ Growth! Notice that they are bottomed out while MATIC is trading near its All-Time High. Thank you for sharing. Namaste.
M
by AlanSantana
1
🅱️ (₿) Excuse The Holidays... The World Wants BitcoinYou know how the holidays is our time for vacations but when these vacations are over we tend to need a vacation from vacation? Well... Excuse The Holidays! As you see bitcoin kind of slow, not yet taking off while it promised us a great start to 2023, that's because of the holidays. People are still a bit tired/hung over from the holidays and it takes some time to wear this off. Expect the action to return, slowly but surely, after the second week, 14-January, but to really speed up after the third week, 21-January... At this point things will start to move forward as people will be ready to grow and work. The World Wants Bitcoin You and me, we both want Bitcoin to succeed. You and me and the entire world want bitcoin so we have things in our favor. Just give it a few weeks or a few days, give and take, and the entire world will be ready to jump in and play. This slowness... This isn't bad, this is a great opportunity. The fact that things are not rushing gives everybody one last chance to buy and participate in whatever crypto, token, altcoin, asset, stock they want to join. Take advantage of it because once things start moving it is hard for them to look back... Once things start going they just go and go and go. The world wants bitcoin and the holidays is the only thing that is stopping this rocket from taking off. Happy New Year 2023! We are wishing you lots of joy and success this year... Great health and wealth this years... Financial abundance and personal growth! Namaste.
BITFINEX:BTCUSDLong
by AlanSantana
61
🅱️ (₿) Why Bitcoin Will Rise Suddenly Beyond $150,000 ExplainedRegulations are coming to the cryptocurrency markets... Regulations are not necessarily a bad thing. They can be bad for certain cities or countries but they are not bad as a whole. This is just a phase and regulations are part of our normal financial markets and reality. As a market grows, the need for regulation arises based on the monetary and political systems we use this day. We have tens of thousands of altcoins. These altcoins are available for buying/selling, trading, across major exchanges. Exchanges are against regulations because it messes up their business, so when the altcoins start to be regulated the major exchanges will delist them. Why Bitcoin will rise to $150,000 and beyond suddenly? Hundreds of altcoins are likely to be labeled securities all at once or in a short period of time. This will have a strong effect within the cryptocurrency markets. Everybody buying/selling securities will fall under the wing of certain agencies. Exchanges offering these "securities", currently altcoins, will rush to remove them as they don't trade securities, they want to avoid trouble. When hundreds of big and small altcoins projects are removed from major exchanges all at once, this will produce a strong effect on crypto, inciting money to fly from well and less known altcoins to the king of crypto, Bitcoin. That's how suddenly everything can change and the market evolve. Such a move would see the top cryptocurrency centralize most of the market capitalization that the smaller and less known altcoins now enjoy. What is your take about this possibility? How do you see regulations affecting the altcoins market in the months and years to come? Remember, whatever happens it will be a surprise... And these persons that control these agencies will make it as bad as possible for everybody involved as they hate our guts. That's the old generation... They have lots to worry about because the system they built is truly messed up. Since cryptocurrency offers a solution, a new reality, prosperity, freedom an alternative... They will try their best to blow it up. Namaste.
BITFINEX:BTCUSDLong
by AlanSantana
20
🅱️ (₿) Remember The Act Now! StrategyIt can be applied also to Cardano, Bitcoin Cash, Ethereum Classic, Ethereum, Dogecoin and major altcoins... Not only Bitcoin. ----- Originally published 15-Dec-2022 | 🅱️ LONG bitcoin Feb. until 2023 - PART II | Strategy ----- LONG bitcoin with clear time perspective. We've integrated hundreds of books. Lots of material knowledge. A new level of awareness in the physical plain. A higher state of being. Can be shared. You can benefit by reading only. Deep breathing - during & after. There will be corrections and retraces, completely normal and inevitable. The meaning of bullish will be higher highs and higher lows. 21-November a low was set and that's our starting point. Hundreds of altcoins pairs went ahead: bitcoin follows. The charts shared through late November/early December work as confirmation. Alan Santana's TradingView profile. 1- We share chart analysis based trade ideas with our views/opinions and chart signals. 2- We also share trade signals with clear numbers. Understanding the difference is important for successful trading. Better understanding | Eliminate any confusion: Set intention and read all articles shared for at least 90 days, 180 days preferably which is between 3 to 6 months. By that time a clear picture as to how things work is formed. Our latest Bitcoin trade signal (below). 1- If the stop-loss is activated the trade is over (loss). 2- As long as prices remain above the stop-loss the trade is valid (active). 3- Targets being hit, indicates success/profits (win). Bitcoin Goes Bullish (Easy 333%+ Potential 10X Lev.) | 23-Nov-2022 Notice date. Clear numbers. How to approach the targets, when to sell, how much to sell... Homework and there are many different ways. Depends on your finances, risk tolerance, trading style, goals, etc. LONG Bitcoin until February 2023 | STRATEGY General idea/strategy, take advantage of the bullish wave that is developing. High risk gives high potential for rewards. No risk = no rewards. Jump in early gives higher risk but also the potential rewards higher. Basic trading reality. An edge is needed for success trading. Some are great at fundamental analysis, others have insider information, can read on-chain transactions, others are good at technical analysis, etc. We specialize in reversals/changes of trend. Not always get it right and don't even try to, but that's what we do. Will give a full example below but first the strategy. STRATEGY: Buy everything, all the time always, over and over until at least early January. Ride the wave, UP, by February you should consider selling, depending on trading plan, how the chart is looking, etc. In anticipation of the final bearish wave. Buy the dip, buy the breakout, buy the sideways consolidation... Buy, buy, buy, buy, buy; Accumulate. Once prices go up, you receive validation and accept your choices. Fear is detrimental to your success. You decide to act now, depends on you. Don't Need To Win Them All Example To make money trading you have to trade. To trade a preparation phase is needed. It can be extremely simple. Targets and a stop-loss. Below the stop-loss. That's a loss. If it goes up, that's a win... It doesn't get anymore simple than this. Our stop-loss can go from 10%, sometimes even 5%, all the way to 20% and sometimes even 25% and even 30% on some long-term trades. Why am I sharing all of this? Might be useful... | Give & Receive! Karma. EXAMPLE: - 10 trades; Diversification recommended. - 10 trades at $1,000 each. Bitcoin . $ Value easier for the example. Total capital for this session is $10,000. - 7 trades go bad. They move down, crash and you activate the stop-loss. For simplicity, we use 15% average loss. $7,000 (7 trades) - 15% ($1,050) = $5950. 3 trades remain active and are doing good. - $3,000 (3 trades). One trade grows by 50% (profits). Another trade does 250% (profits). And one last trade, the good one, went on for 500% (profits). This happens often within the cryptocurrency space... Big wins... When you persist, When you diversify, When you have patience, When you study, When you trade. 3 trades - 1 trade gives you $1500 (50%). - 1 trade gives you $2500 (250%). - 1 final trade gives you $5000 (500%). $6,000 (profits) + $3000 capital = $9,000. $9,000 (win) + $5,950 (losing trades) = $14,950. ~50% profits in a session with 7 bad trades. Easy to have 5, 6, 7 and even 8 positive trades out of 10. Some trades hit multiple targets then retrace. Most hit target because of bottom prices; No targets still low risk when buying near support. This is just an example. It is important... to keep it simple. It is important... to write down your plan. It is important... to practice and follow all the way through. If you don't stop the bad trades, the numbers will get screwed... resulting in long-term loss. Plan before buying. Do your own research before trading. This is not financial advice. This is experience, can't be bought. You are responsible for your actions. Make sure to share with others your success, your strategy, your learning after your plan comes through. Share in your desired way. Share; we appreciate it. Everybody has a different plan. Everybody has their own style and their own system of trading. Not everybody is trading. Most of the people are playing around, that exist. Most of the people are just sharing charts, that's also ok. Traders tend to trade. - We show the numbers. - We share the trades. Some we win, some we lose, TradingView charts cannot be faked. Ethereum , another example from 23-November-2022. 125% profits, 1 target hit. See below, hit play. Even if a trade goes bad, you can try again, again and again. Endless opportunities. - On the downside maximum loss potential is 100%. - Limitless is the upside... Think it over... Read again. Namaste.
BITFINEX:BTCUSDLong
by AlanSantana
4
✳️ Solana Rebound vs Bitcoin | Very Easy 65% + More PossibleEverybody is looking at Solana now and that is good... Even though there is a shakeout happening on the major altcoins Solana is giving us a clear picture. While the USDT pair is being reviewed by everybody, we chose the BTC pairing as accumulating bitcoin at low prices is the wisest choice possible for any cryptocurrency trader. You can gain more bitcoins by buying altcoins with your BTC. Ok. Solana vs Bitcoin (SOLBTC). 29-December gave the reversal signal in the form of a Doji at a new low/support. This with an oversold RSI. The signal is confirmed once prices move above EMA10 (yesterday) on high volume (today). So we can consider this a real move. Things can always change and reverse... Of course, but these signals are good and strong. Very easy target for this bounce is set at 65%. There can be much more because Solana has gone through a very strong correction. The market moves in cycles... After going down, what follows is up. Thank you for reading. Feel free to Boost 🚀🤗😄👍 for more! Namaste.
Long
by AlanSantana
✳️ Ethereum Classic vs Bitcoin Fully Mapped (70% to 198%)We have a lovely chart here for Ethereum Classic vs Bitcoin (ETCBTC). We've done multiple analysis on the ETCUSDT pair for you, we hope you are enjoying them but the bitcoin pair is actually our favorite... We like bitcoin pairs because the more bitcoin one can accumulate the better. ETC peaked in September 2022. A strong and long correction followed. This correction hit a low 19-December, which is 104 days from peak to valley. We say that cryptocurrency trading pairs tend to correct between 2-3 months. Here we have a perfect 3 months correction. Support is found right at the 0.786 fib. retracement level relative to the bullish wave that started in mid-June. Now we have a bullish candle as prices move above EMA10. This is how it all starts... First a low/bottom, June 2022. The main wave starts and peaks September 2022. Second comes the correction that ended last month with a higher low. And in January 2023 we resume the growth. Additional details (targets and support) on the chart. Namaste.
Long
by AlanSantana
5
🅱️ (₿) 4.5 Months Later Bitcoin...Bitcoin hasn't produced a single bounce in more than 4.5 months... This is odd behaviour... Get ready for change. Another of the classic yet very strong signals we all are familiar with is the divergence between an asset and oscillator. Bitcoin capitulated after April 2022 to hit a low at $17,605 on 18-June same year... A small bounce took place that ended mid-August and then we had a lower low that is very weak and looks like a truncated fifth. Its been almost 140 days since the last bounce/relief rally and nothing bullish we've seen. The trading volume is leaning towards green, notice 22, 26-Sept... The lower lows in November have lower volume than May/June... These signals point to bullish accumulation (big green bars) and bearish trend weakening (smaller and smaller red volume bars)... Finally, here is the RSI... - The lowest point was hit 190 days ago, in June. - Then we have an ascending channel, higher lows and higher highs. This marks a strong bullish divergence with bitcoin and again, the trading volume has become really low... When volume drops to a halt, to almost zero then a new and strong move is about to show up. With the bullish divergence in play and the rest of the signals mentioned above... We are obviously betting higher but... It can all change within a minute, a day, a second... Whatever happens is for the market to decide... we READ THE CHART! We have a bullish bias in place. Namaste.
BITFINEX:BTCUSDLong
by AlanSantana
22
Bitcoin 2023 | Multiple Higher Lows Since 2022 | $20,960 TargetWelcome to 2023! ... What will the new year brings us? What will the first of January of this new year crypto-deliver? I hope you had a great New Years Eve and also enjoyed your holidays... A green bitcoin can surely add to positive vibes/a good start. 😄 And the charts continue to look good after almost two months of consolidation. Multiple Higher Lows 30-Dec. Bitcoin hit a higher low compared to 19-Dec. 19-Dec. we have a higher low compared to 28-Nov. 28-Nov. marks a higher low compared to 21-Nov. Since the year 2023 is just starting we can go back to basics and read all the classic signals... We have an ascending channel. BTCUSD is moving above EMA10 and EMA21. The RSI is on the bullish zone (50 or more). The 30-Dec. candle is a hammer with above-average volume. Higher highs can lead to higher lows... On a bullish breakout, the initial target short-term can be set at $17,370, followed by $18,056. Above this level we have a few more resistances but the main one if a higher high shows up, should be $20,960 based on the Fibonacci golden ratio mixed with EW target expectation. This setup remains valid/active above the 21-Nov. low, that is $15,487... Any trading above this level and we stay strongly bullish. Patience is key! Welcome my friend to 2023! Namaste.
BITFINEX:BTCUSDLong
by AlanSantana
4