Just perfectly as we charted, Bitcoin went on to bounce to around $11,000/$11,300 before the next move.
As the chart is looking now, Bitcoin can start to retrace or go a bit higher before... But just as Bitcoin hits local resistance and starts to test support, many of the altcoins are completing their corrections and ending up with a higher low.
The market is in a distribution/consolation phase but will soon resume its growth.
We are likely to see a slightly bearish Bitcoin while the Altcoins and the entire cryptocurrency market continue to grow.
Additional details on the next update... Stay tuned for more.
Namaste.
Comment
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The S&P 500 Index And The US Elections | Theory, Comments & More
The SPX is looking bearish now and it has been moving together with Bitcoin. Meaning that Bitcoin can also continue bearish if the SPX stays bearish.
But if Bitcoin goes strong bullish, it can be a signal that the SPX will open bullish on Monday... We just wait and see, watch and enjoy.
Not that long ago you were trying to convince everyone here that "Bitcoin CRASH is on!",
right after your statement - BTC were moved up, highly enough and all those people that listened to your statement got disappointed, why?
Because they could trade and earn, but instead they have listened to a chart designer alan and didn't get anything at all.
Now you are trying to convince people about "the bounce is in"...yea, no one wonders, this is typical you, nothing special.
No wonders if bitcoin goes down and those people that listened to you again will lose money, this time.
This is exactly what you were doing in 2019.
Like I wrote before - you are not a trader, you are a chart designer. Obviously you are barely understand what is going on.
I only ask people to be very careful before do any action according to this guy ideas, if anyone fails, the chart designer - alan will never give an apology.
AlanSantana
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If you are going to put your hard-earned money into anything, make sure to do your own research.
I can understand many people can relate to you but that is only because you are reading only the title.
If you are reading this information from Alan Masters to learn, improve your trading or even just to enjoy yourself, MAKE SURE TO READ THE FULL ARTICLE INCLUDING THE DESCRIPTION.
The title is meant to give a general impression and also catch your attention.
If you read the article in full as all intelligent people do, you will realize that it mentions the "bounce", different scenarios, and much more.
I will continue to share information 100% FREE, for your own learning, entertainment, and growth.
It is up to you to make sure you trade the right calls.
This is not financial advice.
This is intended for learning purposes only...
We trade each chart separately... The trading and reading chart is not the same.
Thanks a lot for your support.
Namaste.
trading2835
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@alanmasters, I think your TA is very well thought out. Keep it up.
anditfeels
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@alanmasters, what are you talking about? Your idea with title "Bitcoin CRASH is on!" is just about btc crash, no other possibilities there and you failed it COMPLETELY!
I ask everyone here to pay attention, that he actually admitted that he use the TITLE to "catch your attention". When it needs, he can easily say the same about the description or even the chart.
Why not? "You guys make mistake, it's only for your attention" he will say, this is exactly what he is doing right now.
You are wrong, no ones here "relate to me", the truth is "many people" see how wrong you are with predictions, maybe they are too "reading only the title" as you wrote about me?
You can fool only newbies, any experienced trader see what you worth.
"I will continue to share information 100% FREE" which is true and yes, you will keep doing this. But, you have "PREMIUM" chat rooms and other stuff the access you actually sell to.
So, don't tell us that you do anything here without any hope to get some money from those newbies by providing your "PREMIUM" things.
You are keep repeating words like "learn", "growth", but that's the point - you are a chart designer, you are not a trader. You have NO IDEA how to EARN money on market.
These fails of yours with predictions from chart to chart are confirms my previous sentence.
TradingView has real traders which are share their ideas about market, but it's certainly not you.
polatates20
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@anditfeels, mate ı dont understand your anger why ? be calm mate he is not god ok he can make mistake or not why you are attacking like that why ?
AlanSantana
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@polatates20, He lost money and can't take responsibility for his action, he is trying to blame it on others.
polatates20
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@alanmasters, mate we can make money as much as we can there is no doubt but we should try to be learn respect and how to be human ...ı also lost great deal money but ı am ok ı put life experience and i will not act next time that i did now.any take care master do not forget you are not god and you can make mistake thats ok .ı think we reaaly should learn meaning of love respect ...
AlanSantana
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@polatates20, Thanks a lot for the support and I agree.
I lost big tons of money while starting as well and also all throughout my trading journey... We learn we win, we lose, we continue to insist until we get the results we would like.
Namaste.
AlanSantana
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@anditfeels, Just publish your charts and stop whining... Notice that you are the only one.
If you can't succeed with trading, I suggest you find something else.
Thanks a lot for your time, energy, and support... Truly appreciated.
Namaste.
anditfeels
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@alanmasters, looks like you are out of arguments, but as long as you have nothing to say - stay quiet and don't bring more shame to yourself, this is exactly what you are doing.
Your trolling, bots attack and clearly all those lies that you bring in your messages won't help you either.
right after your statement - BTC were moved up, highly enough and all those people that listened to your statement got disappointed, why?
Because they could trade and earn, but instead they have listened to a chart designer alan and didn't get anything at all.
Now you are trying to convince people about "the bounce is in"...yea, no one wonders, this is typical you, nothing special.
No wonders if bitcoin goes down and those people that listened to you again will lose money, this time.
This is exactly what you were doing in 2019.
Like I wrote before - you are not a trader, you are a chart designer. Obviously you are barely understand what is going on.
I only ask people to be very careful before do any action according to this guy ideas, if anyone fails, the chart designer - alan will never give an apology.