XBTUSD 30MIN QUICK UPDATE
Hi guys, our last analysis was perfect, after the big fall I decided to wait a few days for a bit of consolidation and be clearer where the price is going.
Let's first talk about the 30Min chart where we have a regular bearish divergence and we are right at the point where the price should be declined for another test within 8680.
Where the volume must be weak in order to have our entry for a perfect long, at least in the short term targeting 9000 (where is the red arrow).
It should be noted that this level has great resistance, so staying above it is KEY!
It is very important that bitcoin remains above 8800 in high timeframes, if we want to see 10,000 again. Otherwise, the objectives to take into account would be 8100 and 7700.
Hi guys, our last analysis was perfect, after the big fall I decided to wait a few days for a bit of consolidation and be clearer where the price is going.
Let's first talk about the 30Min chart where we have a regular bearish divergence and we are right at the point where the price should be declined for another test within 8680.
Where the volume must be weak in order to have our entry for a perfect long, at least in the short term targeting 9000 (where is the red arrow).
It should be noted that this level has great resistance, so staying above it is KEY!
It is very important that bitcoin remains above 8800 in high timeframes, if we want to see 10,000 again. Otherwise, the objectives to take into account would be 8100 and 7700.
XBTUSD A deeper look
Halving equals pump... Or not?
This morning the block number 630,000 has been created causing the long-awaited ‘halving’, where the number of Bitcoins created from now on has been reduced by half.
Bitcoins are 'mined' by specialized computer hardware that solves algorithms (or 'blocks') in a core program known as a blockchain. To maintain the value of Bitcoins that already exist, every 210,000 blocks halves the reward for miners as a form of artificial inflation. Only 21 million Bitcoins will be created, leading some experts to believe that a second wave of massive appreciation is in the cards.
There is a false perception that a ‘halving’ doubles the value of each existing currency so the BTC / USD price should skyrocket after the event. But it is not like that. Halving does not halve the number of coins that exist, but the reward miners receive for each coin they create from now on, which reduces the number of coins that will be created. Therefore, what is doubling is not the value of Bitcoin, but the ratio of currencies that already exist compared to the new ones that will be produced (known as stock-to-flow ratio).
If it is true that economic theory says that the less raw material there is, the more difficult it will be to obtain and therefore the more value it will have, causing an appreciation. But we already know that reality does not follow the theory perfectly, and it must be remembered that halving occurs in a competitive market, so most miners operate with very narrow margins, therefore a reduction in capacity. production leads many miners to be expelled from the market.
Below the parallel channel drawn on the graph we can only expect one thing. Volatility
Since the only major support that could make a difference is the ascending support line that comes from 4000 (highlighted in purple).
So, not being able to hold 8680, would give us an aggressive ride towards 84xx, where the price possibly creates a wick in case that happens. In case of not sustaining the support of 8400 that has been drawing throughout the year, BTC could give us a good scare by falling aggressively to 7700.
However, things are not looking so bad, on the 4H chart we have a regular bullish divergence, in addition to the EMA100 ready to hold the price together with the parallel support, all this close to 8680.
On the bullish side, our objective is to create 4H candles above 9000 to go to 9400,10000 and 10400, it should be noted that the latter is the annual high. So this whole area is difficult territory.
Halving equals pump... Or not?
This morning the block number 630,000 has been created causing the long-awaited ‘halving’, where the number of Bitcoins created from now on has been reduced by half.
Bitcoins are 'mined' by specialized computer hardware that solves algorithms (or 'blocks') in a core program known as a blockchain. To maintain the value of Bitcoins that already exist, every 210,000 blocks halves the reward for miners as a form of artificial inflation. Only 21 million Bitcoins will be created, leading some experts to believe that a second wave of massive appreciation is in the cards.
There is a false perception that a ‘halving’ doubles the value of each existing currency so the BTC / USD price should skyrocket after the event. But it is not like that. Halving does not halve the number of coins that exist, but the reward miners receive for each coin they create from now on, which reduces the number of coins that will be created. Therefore, what is doubling is not the value of Bitcoin, but the ratio of currencies that already exist compared to the new ones that will be produced (known as stock-to-flow ratio).
If it is true that economic theory says that the less raw material there is, the more difficult it will be to obtain and therefore the more value it will have, causing an appreciation. But we already know that reality does not follow the theory perfectly, and it must be remembered that halving occurs in a competitive market, so most miners operate with very narrow margins, therefore a reduction in capacity. production leads many miners to be expelled from the market.
If we look back at the two previous 'halving' that there have been, it is true that the price in dollars of a Bitcoin has exploded, but it took a year for it to occur in the first event, and about 18 months for the second. Therefore, the objective is a mid/long-term operation.
Below the parallel channel drawn on the graph we can only expect one thing. Volatility
Since the only major support that could make a difference is the ascending support line that comes from 4000 (highlighted in purple).
So, not being able to hold 8680, would give us an aggressive ride towards 84xx, where the price possibly creates a wick in case that happens. In case of not sustaining the support of 8400 that has been drawing throughout the year, BTC could give us a good scare by falling aggressively to 7700.
However, things are not looking so bad, on the 4H chart we have a regular bullish divergence, in addition to the EMA100 ready to hold the price together with the parallel support, all this close to 8680.
On the bullish side, our objective is to create 4H candles above 9000 to go to 9400,10000 and 10400, it should be noted that the latter is the annual high. So this whole area is difficult territory.
Happy trading, Stay Safe
Altsignals Academy
XBTUSD A deeper look Halving equals pump... Or not? This morning the block number 630,000 has been created causing the long-awaited ‘halving’, where the number of Bitcoins created from now on has been reduced by half. Bitcoins are 'mined' by specialized…
🆗
As I told you in the previous analysis. There was a possibility and we must take it into account, however, the bullish side looked strong and so it was!
With a strong test within 9900, where we have now drawn another purple line representing a resistance structure created by multiple attempts to fall / break, then please pay attention to that line if we are moving upwards, as in my opinion It will be the one that will give us the big boost if things look good.
To go there and try to break it, we need to hold above 9400 (Above the support channel highlighted in blue) create candles in the 4H chart above that area, we will open the doors to 9800 in complete safety.
Cases:
As I told you in the previous analysis. There was a possibility and we must take it into account, however, the bullish side looked strong and so it was!
With a strong test within 9900, where we have now drawn another purple line representing a resistance structure created by multiple attempts to fall / break, then please pay attention to that line if we are moving upwards, as in my opinion It will be the one that will give us the big boost if things look good.
To go there and try to break it, we need to hold above 9400 (Above the support channel highlighted in blue) create candles in the 4H chart above that area, we will open the doors to 9800 in complete safety.
Cases:
1- We hold 9,400 and we try to break 9,800 in a failed way, which would leave us within a consolidation channel for some days between 9,400 and 10,000, resulting in the breakdown of one of the two zones (Being more aggressive if we break upwards , due to a CME GAP and in addition to scarce resistance zones) For now, we have a hidden bullish divergence in the 4H chart, it should be noted.Anyway, on a bullish level we still look good, so I recommend being bearish only in front of the confirmations said above, of course without hesitation for a second. 9375 looks good for trying to take a knife into the air, with a short stoploss. And so try our first option.
2- We do not hold 9400 and we end up within our blue zone, in a period of consolidation (between 9180 and 9400), a very good area for scalping, although we will most certainly test the parallel support line from months ago if we reached this blue zone (9000 if it passes in at least 5 days, 8700 if we get to leave the blue zone in the near future, 1-2 days)
3- The supports and trend lines cannot bear the downward pressure (Case to consider only if a break within 9180 has a large volume and the candles continue to close below this level) a point that I would take as a reference for deactivate my scalper mode and go for everything with the bears, it would be 8800, where all our lines of defense intercept, if the volume is clear and this area is bleeding, we must take objective # 1 8400 (EMA200) and 7700 as the second (Important support channel)
Altsignals Academy
🆗 As I told you in the previous analysis. There was a possibility and we must take it into account, however, the bullish side looked strong and so it was! With a strong test within 9900, where we have now drawn another purple line representing a resistance…
Perfect
Our TA its going right, little update.
We need to close above 9750 on the 4H chart for a bullish continuation and another test into 9970.
ATM, Hidden Bearish Divergence on the 4H and still below the level to watch. Imo, if we don't close above 9750 we will retest 9400 again.
Our TA its going right, little update.
We need to close above 9750 on the 4H chart for a bullish continuation and another test into 9970.
ATM, Hidden Bearish Divergence on the 4H and still below the level to watch. Imo, if we don't close above 9750 we will retest 9400 again.
Again into our channel, stay tuned if we close again above 9420! Read our full TA.
Wonderful chances here in both sides!
https://www.tradingview.com/x/Xo8pK26i/
Wonderful chances here in both sides!
https://www.tradingview.com/x/Xo8pK26i/
Altsignals Academy
BTC crash if we cant sustain this level!! https://www.tradingview.com/x/PfguaN3i/
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Overall situation its still the same.
Price below EMA200, not supporting our bounce level and so far with hidden bearish divergence in the 4H chart,
ATM, looks like more crash will come!
Only if we start closing candles above 8800 we can consider a bullish recover
https://www.tradingview.com/x/MVG20VNR/
Price below EMA200, not supporting our bounce level and so far with hidden bearish divergence in the 4H chart,
ATM, looks like more crash will come!
Only if we start closing candles above 8800 we can consider a bullish recover
https://www.tradingview.com/x/MVG20VNR/
Hello guys, important moment for bitcoin right here
Testing the parallel resistance zone, if we maintain the current bullish volume we can safely go to 9800. Where we would have the next resistance zone before flying to the moon.
Be very careful with this zone of 9500-70, since it could be a fakeout and go again to the low levels.
There are no divergences in 4H, 30min or 1H.
And holding us above major EMA levels.
The safest thing is that we lose momentum and return to 9100
https://www.tradingview.com/x/0cLilIn4/
Testing the parallel resistance zone, if we maintain the current bullish volume we can safely go to 9800. Where we would have the next resistance zone before flying to the moon.
Be very careful with this zone of 9500-70, since it could be a fakeout and go again to the low levels.
There are no divergences in 4H, 30min or 1H.
And holding us above major EMA levels.
The safest thing is that we lose momentum and return to 9100
https://www.tradingview.com/x/0cLilIn4/
Dear Bitcoin
Attention, the world is crazy and this is important.
I hope everyone is very well, again I greet you with much affection and I hope you are safe and having a good time.
Without more, here we go
Bitcoin has been giving us gifts with clean movements at a technical level, as you know and can see, the price has danced in the most beautiful way within our technical predictions.
2- (Unlikely) - Here, we will take into account all of the above, only that we will explain the red line, what is the red line, where does it come from and where does it take us? This red line comes from a weekly analysis that I have done, in addition to historical-fundamental analysis, the price of bitcoin, has drawn these red lines for a long time, taking the price to its limit within the channel, which always results in breakouts (greater than 1500% increase in price), sounds good, however my analysis welcomes this event by mid-2021, not now. So crossing above 9800 is an unlikely event and if it did happen it would lead to a bullish explosion.
3- (Most likely) - A fall, ahead of time, if you have traded bitcoin for a while, it will have already happened to you that the price plummets just before what everyone expects, this case will be worth not supporting case 1 , falling below 9480, it would make us test 9200 and 9024. Or getting into the consolidation channel for a while longer. Completely necessary to build better support. If we fall below the mentioned levels, things could get very ugly taking us to 8700 and if we don't sustain it, free fall to 7700.
Keep an eye on your charts and remember to be cautious, the market is ruthless, but we are smart. Happy trading and good day
If you need to know any details or need to talk about the analysis @RCryptoSensei
Attention, the world is crazy and this is important.
I hope everyone is very well, again I greet you with much affection and I hope you are safe and having a good time.
Without more, here we go
Bitcoin has been giving us gifts with clean movements at a technical level, as you know and can see, the price has danced in the most beautiful way within our technical predictions.
Despite the fact that the volume has been really bullish, in the 4H chart we have had 3 hidden bullish divergences in the past 3 days and the price has remained like a warrior. For me, this is still suspicious and important, since right here, really interesting things could happen.1- (It is probable) - Continue as we are, with bullish responses, it would lead us to test 9800, a level that I have been asking for for some time, without too many obstacles to overcome, it would be an easy objective, we must remember that right there, we have several levels of major resistance. 3, to be exact, our historical regular resistance (9780), the parallel resistance channel (9850) and the red line (9745). For this scenario to happen we must not break below 9480, if and only if we manage to hold the price above this level, we must take bullish positions with a target close to 9800. Taking positions with stop loss below this level is also a good choice with great R: R ratio.
2- (Unlikely) - Here, we will take into account all of the above, only that we will explain the red line, what is the red line, where does it come from and where does it take us? This red line comes from a weekly analysis that I have done, in addition to historical-fundamental analysis, the price of bitcoin, has drawn these red lines for a long time, taking the price to its limit within the channel, which always results in breakouts (greater than 1500% increase in price), sounds good, however my analysis welcomes this event by mid-2021, not now. So crossing above 9800 is an unlikely event and if it did happen it would lead to a bullish explosion.
3- (Most likely) - A fall, ahead of time, if you have traded bitcoin for a while, it will have already happened to you that the price plummets just before what everyone expects, this case will be worth not supporting case 1 , falling below 9480, it would make us test 9200 and 9024. Or getting into the consolidation channel for a while longer. Completely necessary to build better support. If we fall below the mentioned levels, things could get very ugly taking us to 8700 and if we don't sustain it, free fall to 7700.
Keep an eye on your charts and remember to be cautious, the market is ruthless, but we are smart. Happy trading and good day
If you need to know any details or need to talk about the analysis @RCryptoSensei
XRPUSD Looking good.
To take into account this main currency, which is highly volatile and can always give us impressive rewards.
Above .2070 I think we will have good volatility with targets at .2200.
Trying to create bullish divergences, although within a bearish pattern. This move will depend on the movements of bitcoin. However, the result will be juicy when we break out of the pattern, taking .2020 as a bearish break point and .2070 as a bullish breakout.
At the bearish level, the targets are .1920 and .1880.
To take into account this main currency, which is highly volatile and can always give us impressive rewards.
Above .2070 I think we will have good volatility with targets at .2200.
Trying to create bullish divergences, although within a bearish pattern. This move will depend on the movements of bitcoin. However, the result will be juicy when we break out of the pattern, taking .2020 as a bearish break point and .2070 as a bullish breakout.
At the bearish level, the targets are .1920 and .1880.
Altsignals Academy
Dear Bitcoin Attention, the world is crazy and this is important. I hope everyone is very well, again I greet you with much affection and I hope you are safe and having a good time. Without more, here we go Bitcoin has been giving us gifts with clean movements…
Case 1 ✅
Stay tuned to case 2😻❤️
High bullish volatile after 9800 🤑
Stay tuned to case 2😻❤️
High bullish volatile after 9800 🤑
XBTUSD
Good morning members
From our previous analysis, Case 1 met our expectations, going above and beyond testing 10470. Then, almost immediately, falling towards our bearish targets. A really aggressive movement with great manipulation.
Now things have turned, positive at least. We are starting to build support on the red line, which if we maintain it will take us above 9780 and if we sustain that level we will be ready to navigate through the 10000 and later try to resume those levels and not fall.
For now, the position that I see safe, in case of not holding 9700. It is a small short, towards 9420, well leveraged will give us very good results (Based on our red line)
Also, it's Monday, a normally bearish day for bitcoin.
9627 is the most important point. If we do not hold the point, we will have bearish positions, if the reaction is bullish, we take our bullish positions.
Good morning members
From our previous analysis, Case 1 met our expectations, going above and beyond testing 10470. Then, almost immediately, falling towards our bearish targets. A really aggressive movement with great manipulation.
Now things have turned, positive at least. We are starting to build support on the red line, which if we maintain it will take us above 9780 and if we sustain that level we will be ready to navigate through the 10000 and later try to resume those levels and not fall.
For now, the position that I see safe, in case of not holding 9700. It is a small short, towards 9420, well leveraged will give us very good results (Based on our red line)
Also, it's Monday, a normally bearish day for bitcoin.
9627 is the most important point. If we do not hold the point, we will have bearish positions, if the reaction is bullish, we take our bullish positions.
Altsignals Academy
XBTUSD Good morning members From our previous analysis, Case 1 met our expectations, going above and beyond testing 10470. Then, almost immediately, falling towards our bearish targets. A really aggressive movement with great manipulation. Now things have…
Going moon 🌚 stop at entry now, it’s not a safe place to hold if we go back down we can get a better entry
XBTUSD UPDATE
Hey members, has been a while since the last xbtusd update.
However, the last one was a perfect prediction about the markets, actually being supported for our $9027 support (Blue line in our chart)
These days help us to create strong supports between that critical level.
We need to continue supporting it and closing candles above the red line which comes from the 2017 highs actually acting as resistance in our 4H chart for a bullish continuation.
BTW, indicators are slowly becoming bearish and neutral, with less bullish options In the PA.
Only closing 4H candles above $9400 we can think about a bullish breakout above 10K.
The most likely scenario is to have a red line retest with a bearish reaction which might bring us again to $9200. In this point we can try to
1-Enter a bullish position with tight stop loss below $9170 (Risky)
2-Update our short stop loss above $9250, continue our trade below $9200 trying to ahead a $9027 as target.
At $9027 level, this one is a key level to have in mind, because its the most probable to get a bullish reaction, so, bullish positions in this point have more chances than above $9200.
If we fail our bullish entry at $9027, we can flip to short for a short squeeze chance!
We are in a consolidation PA, can be boring but safer than volatiles PA (Bullish or Bearish) so, don't rush your entries and exits, trade smart and happy 😋🥇
Hey members, has been a while since the last xbtusd update.
However, the last one was a perfect prediction about the markets, actually being supported for our $9027 support (Blue line in our chart)
These days help us to create strong supports between that critical level.
We need to continue supporting it and closing candles above the red line which comes from the 2017 highs actually acting as resistance in our 4H chart for a bullish continuation.
BTW, indicators are slowly becoming bearish and neutral, with less bullish options In the PA.
Only closing 4H candles above $9400 we can think about a bullish breakout above 10K.
The most likely scenario is to have a red line retest with a bearish reaction which might bring us again to $9200. In this point we can try to
1-Enter a bullish position with tight stop loss below $9170 (Risky)
2-Update our short stop loss above $9250, continue our trade below $9200 trying to ahead a $9027 as target.
At $9027 level, this one is a key level to have in mind, because its the most probable to get a bullish reaction, so, bullish positions in this point have more chances than above $9200.
If we fail our bullish entry at $9027, we can flip to short for a short squeeze chance!
We are in a consolidation PA, can be boring but safer than volatiles PA (Bullish or Bearish) so, don't rush your entries and exits, trade smart and happy 😋🥇