Good Sunday my fellow profitable cryptocurrency trader, supporter, reader, and to all those living and looking into Bitcoin right now... I am wishing you the best.
Let's have a look at the weekly chart, we have something really good going on right now.
The last time we looked at this chart we had the late June 2019 price peak, for BTCUSD, as the next challenge... The next milestone...
This week, Bitcoin has gone beyond the June 2019 peak and hit its highest level since January 2018. Bitcoin went up and hit $14,055 on BitFinex.
Bitcoin had its bull run back in late 2017 peaking at $20,000 by mid-December... Through the up and down, Bitcoin was above $14,000 only for about a month.
Now, we are seeing prices challenging $14,000 with aims of going higher. This is the first time this resistance level has been challenged since December 2017.
When we look at the ultra-low volume, while this can be taken as a weakness signal for many it can also be taken as the 'calm before the storm'... The strong volume/action is yet to happen.
(Note: Keep in mind that the charts are always evolving and what we see now can and will always change.)
The RSI is very strong and the MACD is safely on the bullish zone, at the same time it shows plenty of room available for additional growth.
Now, the great news...
The week closes today and the price for Bitcoin (BTCUSD) is above our "last barrier"... Closing above this level is very good for the bulls and can signal that we will see Bitcoin hit $16000+ next.
What will happen to the smaller altcoins?
The altcoins will continue to consolidate and some will suffer if Bitcoin gains additional bullish momentum... But any bleeding will be short-lived and should be ignored as noise, patience is key.
The more Bitcoin grows, the better it is for the entire cryptocurrency markets.
Once Bitcoin stops and decides to rest... Each time this happens, you will see the altcoins print huge jumps in prices, recovering all losses, and printing new gains.
This is just a general view/perspective of course, you still need to build your own plan, your own strategy, and make sure to do your research before you trade.
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Leave us a comment...
I LOVE YOU!
This is Alan Masters.
Namaste.
Comment
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It won't take too long now before the altcoins start moving again...
I paid 0.1 BTC for your trade leads in 2019 6 months(should have been a lifetime) lost a bundle on Alts that tanked for 4 months.As a noob I was hoping for real help but all you do is pound lead after lead (volume)all soooo positive....wanna check out some of your long term leads where they are now?
Moral of the story,do your own shit and stay away from so called experts that wanna sell you something.Hold onto your BTC and just Hodl until you know what you are doing.
Now I know my shit no thanks to you,thanks to me.
Stay away from Signals leads courses(that cost a fkn fortune)They atre all SCAMS!!!!
But of course they are NOT finacial advisers and you should do your own research....Fkn joke hiding behind your mistic shit.
@SpiryXBT, Yep, very true. All of those so called pro top traders are the real scammers. They are all hope mongers. You may see them all around social media, mostly on twitter, selling hope to the people. I bet they are paid to release moon carts to draw new investors' attention. Long world short, the one should always do his/her own research and investment.
AlanSantana
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@kovenant, This is all menat for people looking to support my work.
Only buy/join if you are happy with the 100% FREE content and would like to support my work.
You can only read this if you choose to, 100% optional to you, and great information that can help you to understand charts and at the same time improve your trading.
Namaste.
AlanSantana
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@SpiryXBT, The information shared here is 100% free of charge (no-cost) and is intended only as educational/entertainment purposes... This is not financial advice.
You need to do your own research before trading.
Patience is key.
Namaste.
JosephGreen2019
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@alanmasters, BE 100% SURE ANYONE THAT COMES HERE.I PAID 0.1BTC FOR HIS SO CALLED PREMIUM TRADES,AN IN MY OPINION(I DID MY OWN RESEARCH)THEY ARE NOT WORTH ANYTHING.DO NOT WASTE YOUR HARDS EARNT MONEY.HE GIVE TRADES HERE FOR FREE BUT HE WANTS YOU TO BUY HIS PREMIUM TRADES
DONT GO NEAR HIM ITS ALL A SCAM!!!!
@alanmasters, I WILL RECOVER IF I DONT DO WHAT YOU ARE SAYING IN YOUR ANALYSIS.HOW ABOUT GIVING ME MY 0.1BTC BACK IF ITS ALL ABOUT DOING YOUR OWN RESEARCH.I THOUGHT IT WAS ABOUT YOU DOING THE RESEARCH FOR ME OR WAS I PAYING FOR NOTHING!!!YOU SIR ARE NOT WORTH THE MONEY AND I WOULD LIKE IT BACK.ALL YOUCAN SAY IS I WILL GET IT BACK THEN GO ON AND GIVE IT BACK.
NAMASTE BUDDA TAI CHI PEACE TO ALL MANKIND CRAP YOU SPIN.
Pro_Trader_HTBB
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@JosephGreen2019, Exactly what I be saying all along. These 'top' 'pro' or 'premium' analysts on here are on drugs I'd say as some of their calls are way out there, yet the sheeple follow them.
Why would you pay these guys 1 cent for their inaccurate signals and analysis? 1 minute calling for BTC to drop like a stone to 5k because it is a Monday, now calling for moonboy rocket ships, hilarious stuff. I like to grab some popcorn and a coke before I open up these so called analysts posts and watch the comedy show.........
AlanSantana
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@HowToBuyBitcoindotnetdotau, You can really learn from these articles if you step back and stop judging.
What you are seeing on this screen shared by me is 100% FREE information.
This is a great analysis done in the hopes of sharing what I see coming from this chart with you.
Use this information to your advantage and take responsibility for your own action.
Make sure to leave a like and comment and be grateful once the profits come.
Moral of the story,do your own shit and stay away from so called experts that wanna sell you something.Hold onto your BTC and just Hodl until you know what you are doing.
Now I know my shit no thanks to you,thanks to me.
Stay away from Signals leads courses(that cost a fkn fortune)They atre all SCAMS!!!!
But of course they are NOT finacial advisers and you should do your own research....Fkn joke hiding behind your mistic shit.