Hit LIKE and we start with some phrases coming out of the money people in this reality... And these people have lots of money; let's see what they have to say to newcomers like us (crypto-traders):
"Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell." - Sir John Templeton
"If you are not willing to own a stock [BITCOIN] for 10 years, do not even think about owning it for 10 minutes." - Warren Buffet
"Our favorite holding period is forever." - Warren Buffet (Good thing we agree with Mr. Buffet).
And one more...
"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." - George Soros
"Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected." - George Soros
Market corrections, although they can be hard for many, specially beginners like us, are actually very healthy if you believe in the future of Bitcoin and Cryptocurrency... Why?
Because we have to get rid of speculators and weak hands so that our market can keep on growing. So it can be painful now, but trust that growth is on its way... Namaste.
NOW!... Let's to get started with this Bitcoin analysis.
Bitcoin (BTCUSD) is looking at a falling wedge, we have good chance to break up but certain conditions need to be met first; we need a strong breakout and to start a close above EMA10 (green line).
I say we have good chances because many bullish signals are starting to build up... So let's take a look at those.
BTCUSD Bullish Signals Showing Up on the chart
Decreasing momentum from the bears.
Bullish divergence showing up on the MACD.
Strong decrease in trading volume.
RSI as oversold as it can get. (I once mentioned that Bitcoin would reverse when the RSI hit oversold... Oversold can be 15, 20, 25... But for Bitcoin this is beyond... take a look at the RSI and notice that it is the lowest that it has gone. This doesn't mean that the bear market is over, but it is surely a signal that we are really, really close - this is what I meant by oversold [-4]).
We have a 'falling wedge' pattern which is bullish. We might break this pattern "passively", sideways, before the move up...
Our main resistance is the wedge trendline as well as EMA10 which hasn't been touched in the past two weeks... I haven't personally seen Bitcoin this depressed since 2014.
But just as you have seen on TV, the quote goes as follow, and it is true... "Buy on fear, sell on greed."
Chart & Price Action (BTCUSD)
We find resistance on red rectangles, and yes, we find support on green.
If you are on the bull side, you want a break of the falling wedge followed by EMA10 in order to start a meaningful move up.
While if you are a bear, you would want a break of $3215 in order to continue this bear run.
We also need to consider the possibility of some sideways action in the next few days... Since these markets are highly manipulated (like all markets) then all the signals can easily break, yet we have some really strong bear action, a relief rally is on its way.
And what about the LONGS and SHORTS?
Even though LONGS are increasing massively, 34% in the past two weeks, we have SHORTS near All Time High it is very likely they are about to get squeezed. (76% up since October)
You know how our very simple strategy works... We get to buy low near the bottom, in order to sell high when the price goes up.
It is no good idea to SHORT an altcoin/asset when the price is near a very strong support. Since Bitcoin has deprecated massively, the wiser choice is to go LONG.
Continue reading below as this article goes on...
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Altcoins Market Update
The altcoins market has evolved massively and this is something that I've been looking forward to for quite a while now.
As most of you/us (me and you) know, the cryptocurrency market is very connected to Bitcoin, the entire cryptocurrency market is basically Bitcoin, or I should say, "was" Bitcoin because now we are moving on.
Many altcoins have detached, many have built their own roads. So we have Bitcoin being mega bearish, yet we have countless opportunity trading altcoins all day long.
The smartnodes projects/altcoins are some of the first to remain strong. Many other projects are starting to grow on their own.
One part that is lacking is the bigger market cap. alternative coins such as ETH, ADA, BCH (which was supposed to overtake Bitcoin last year but now is already gone), XLM, EOS and the rest, they are too big too move on their own, so they still need Bitcoin to shine first.
As for the altcoins market in general, even though many have detached, we are looking at bear market and new lows for most of those coins.
So if you are reading this to trade and earn while you do so, don't worry about Bitcoin, the bear market or a bull run... Just take your time to pick the right trade and every single day we have altcoins generating massive gains compared to any standard in the whole world.
So if you are looking to make money, CRYPTOCURRENCY IS THE FUTURE AND CERTAINLY THE WAY TO GO.
This is Alan Masters... I am the biggest fan of BITCOIN, CRYPTOCURRENCY and everything that is related to ACT OF ENHANCING FREEDOM & LOVE!
It is my eternal wish to receive always your continued support.
With that said... THANK YOU! ... Since you took your time out to read all this stuff.
I am wishing you the best week ever and an amazing new year that is getting really close... 2019... I am ready for it all!
What about you? Tell us in the comments section below.
Namaste.
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Bitcoin (XBT) short term on BitMEX (1H):
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Take a look at some of my recent altcoins trades...
PumaPay (PMABTC) +100% Profits
NAV Coin (NAVBTC) +50% Profits within 24 hours
Factom (FCTBTC) +360% Profits
TenX PAY Token (PAYBTC) Up to +70% Profits
Genesisi Vision (GVTBTC) +150% Profits
Polymath (POLYBTC) +95% Profits
If you want to find the trades that are active and soon to generate good profits, use the search feature when you visit my profile @alanmasters.
For example, you can search EXPBTC, this has good potential as well as WABIBTC, VIBBTC, ONTBTC and VIB/DATABTC to name a few.
Thanks a lot for your support.
Namaste.
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Finally Bitcoin makes its move on a high volume candle. Challenges EMA50 and wants more...
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Make sure to share your charts and opinion on the comments section below.
SHORTS are getting ready for a massive drop!
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Here is how the weekly chart looks on Binance.
- Massive oversold. - High volume on Doji.
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WABIBTC is already generating profits:
ONTBTC is doing well as well:
DATABTC is still within buy in range:
And I see good potential for EXPBTC:
Feel free to check those out if you want to profit, and trade, with me. :)
Namaste.
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More results, this time from BitMEX.
EOSZ18 +80% ROE
LTCZ18 +100% ROE with 10x
Finally... ETHUSD
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Bitcoin's momentum keeps on growing... $3600 next target.
Here is the chart:
As for our BitMEX Trades, XRPZ18 is the last but not least...
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It has been a while since we saw such nice bullish action.
Feels good to experience change... POSITIVE/GREEN change.
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Latest trade idea:
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Bitcoin closes daily. Resistance and support on chart:
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SHORTS & LONGS update:
- LONGS are at their highest since March, breaking up all resistance on the way.
- SHORTS have seen their days. The drop will be strong.
- The two lines are about to cross with the LONGS going up and SHORTS down.
So much talk about caring and namaste etc. Very little of this in your actions sadly. It's almost like a bad joke. Namaste.
AlanSantana
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@Krypto99, What isn't a joke is the fact that we make lots of money trading cryptocurrency and lots of many more opportunities will come... Why is this sad for you? Making Money!
Making money should be fun and entertaining since money gives you lots of options, choice for you to choose from and can also make your life easier and more comfortable.
We trade cryptocurrency because it makes making money easy.
What about you?
Namaste.
Krypto99
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@alanmasters, I dont doubt you make money on high volatility alt coins. Sadly i have only lost a lot on the CTA's you gave that i entered. Making money is not sad for me, maybe i wasnt expressing myself in a clear way. I find it sad that your whole "Namaste"-jig is not really confluent with your actions but I am sure this is none of my business. I'm happy that your paying members are making money however your trade setups are identified/executed. Since i haven't been a paying member of your CTA's i can't really express any opinion about it. That being said i am happy though that i did not decide on paying for a membership with you guys and we could just leave it at that.
I also trade with the same core values as the ones you describe here and with the same goals of opening options to fulfill my life in the way i would like.
"Namaste"
AlanSantana
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@Krypto99, Thanks a lot for the kind reply, appreciated.
Hopefully we can trade together in the future (here on TV for free).
Have a nice day and week ahead.
Pamtown
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@alanmasters,
You LOVE money and don't care how you get it which is telling. You have $2500 of my money. Enjoying it? Does it make you feel more spiritual?
The OP is right -- you are all talk and your actions speak of greed. You don't care about people -- only yourself.
Taking my money was very easy for you. Congrats.
And your use of spirituality to get people to buy your VIP programs is disgusting.
UnknownUnicorn2138412
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MOST READ! Attention this is not clickbait. Here we have our preferred future teller. If you want to learn please don't be lazy and don't follow this guy. Educate yourself.
AlanSantana
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@pcarballeda, Thanks a lot for the support... Highly appreciated.
meveme
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@pcarballeda, why we people are like this !? Then what ??
What now!?
Shameful
AlanSantana
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@meveme, It is because there is a 'typo' on the title... I believe it is no big deal, specially since it was done on purpose.
meveme
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@alanmasters, well
The world is full of jealousy animosity sad :(
Look at this dude picture and his reputation
An absolute low life
U do no harm to the society and in fact u help lots of people including myself
Keep it up
U have a good spirit and that’s important and shows ur success