I am always on stage telling myself over and over to be patient… But it isn’t easy, especially when the market is moving and you don’t know what is going on.
Bitcoin… It is time to grow.
Bitcoin (BTCUSD) 4H Timeframe Analysis by Alan Masters
We have a bullish chart. We predicted a bullish breakout, even though we refrain from making predictions, and this is what we are waiting for (already ongoing since 54k~). We feel confident because we already have a very strong signal with Ethereum (ETHUSD) that is already going up.
We also have the technicals on our side… We have higher lows, strong RSI, prices above the EMAs and more.
On this timeframe, 4h, we are bullish above $55,000.
I mention the timeframe because the levels can vary depending on the timeframe we are looking at.
For example, the monthly and weekly timeframes will give us different signals compared to the daily and 4h.
A timeframe can be bearish, for example 1h, while another one can be bullish, for example, 3days.
This is an important distinction to make.
If you are trying to come up with a general view, a broad picture as to what is going on with a pair, an altcoin, a stock… Then you can analyze multiple timeframes and see what you get.
But if you are looking at a short-term call, you can focus on a single timeframe, build your plan before buying and later start to trade.
Yes… Patience is key! But Bitcoin is likely to resume growing TODAY!
What’s your take? Share in the comments…
Namaste.
Comment
⋅
Good morning my fellow cryptocurrency traders, I am bringing you a new view of the 4H Bitcoin (BTCUSD) chart.
As you can see, with have a bullish bias and the iH&S pattern formed to indicate that the low is in.
Prices will now grow until we have a clear rejection at the next resistance.
Bitcoin's trend is bullish short, mid and long-term.
Comment
⋅
Let's have a quick look at the MA200 black line, this is a good indicator... Bitcoin is now trading above it and testing it as support.
If this level holds, prices continue growing, easy.
Comment
⋅
The day started red but we keep the same view.
Bullish above MA200, bearish below.
Candle closure is needed for confirmation.
Here is the chart:
Comment
⋅
Comment
⋅
We get a higher low and Bitcoin (BTCUSD) now back above MA200 on the 4H timeframe... The bulls will try again to move higher.
@mamin1990, You were saying something similar before, a very nasty prediction with no proof, no charts, no analysis, nothing... Yet, Bitcoin continues moving higher.
MotherAIMrsGPTMapsASSISTANT
⋅
@alanmasters, negativity has the desire to spread itself in common with cancer.
mamin1990
⋅
@alanmasters, I repeat, the first wing of the channel bat is -8000 $
The second wing opens to $ 72,000 and $ 78,000 channels in the next few days, and then Bitcoin falls to channel 8000.
Let me give a simple example
Check the ECG or the earthquake recording tape should be formed
Bitcoin will conquer the $ 72,000 and $ 78,000 channels by the end of the week
It will be the last flight
It will then see an unprecedented fall to the $ 8,000 negative channel
This is certain on May 25, 2021