Bitcoin To The Moon Pt.6 (The End?!) - Altcoins Market Update

Bitcoin has been doing really good lately, it is moving up strong and into the positive.

My indicators are all over the place, but there is something more interesting to look at than indicators... Trend lines...

Yes, we are now above a major trend line, we broke through it like it was butter and Bitcoin is giving out signals of additional bullish action in the coming days and weeks ahead... Don't get it twisted, this is just the beginning of a trend change!

The altcoins market keeps on doing good, and Bitcoin turning bullish confirms each and everyone of the signals that we have been talking about since late June. We rightfully spotted the bottom and now we reap the rewards.

Altcoins Market Update

When the alts where going down, we focus on rebuy and reload.

Now that many are moving up strong, hitting our targets and generating profits... It is time to sell.

Buy low to sell high... BACK TO BASICS.

I will be posting a full update on Bitcoin soon, but I wanted to say hi before that.

Hi amazing human being, how are you doing today?

I am hoping and wishing that live gives you everything that you desire and for your days to always become better, for you to be everything that you want and attract infinite wealth and success.

Thanks a lot for reading...

Come back and read my update... Maybe tomorrow... maybe today!

NAMASTE!

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Previous analysis:

(5)

(1st)

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Here is a quick look at the weekly chart, just having a quick glance at it, to start adapting to the image... We need a strong close on this weekly candle, above EMA50 (7386.8) at least or above 7733.9 to signal additional strength:

We have support around 6900 and 7170 if we do a good retrace. For now we are just watching, but it is nice to see the positive attitude all around for a change...

HAPPY TRADING!

Enjoy your day.

Namaste.

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By the way, we reached a full negative 9 count on the TD Sequential weekly time frame, which started the week with a nice green candle, it can be seen on the chart posted in the comment above, that's of course a bullish signal.

I will still be posting a full Bitcoin update for you - this is not it -, there are many new signals to look at and the market is looking positive for the bulls... We also have consolidation to complete.

The ETF news is being shared around a lot, and just as it can be a good signal it can also be very bad for Bitcoin, so keep an eye out for this one. Just as a positive result can mean a bullish signal, a negative result can mean a bearish one; so this is just more speculation and hype, we can hit a peak even before August 16th, which is the date when these people are "likely" to announce whatever their outcome... A date that is not final and always open to many changes, ignore the hype and focus on what we can really measure and see now, and right now those are the candles/charts, market sentiment, the signals, indicators, the general market cycle and so much more...

We went down for months, the bear had their time... Now the trend is changing, just take it as it is, it is moving up... Once it stops moving up, it will surely go down but in the meantime it is going up, this is good for us... Because we like Bitcoin. We love Bitcoin... So Bitcoin, keep on going UP as much as you want!

Bitcoin is here to give us the money that we need and want. Patience we need to learn, and only wait a bit longer if it might take long.

Thanks a lot again for reading, you know that I always appreciate your continued and amazing support.

I LOVE YOU AGAIN.

Namaste.
Alan Masters... A friendly old soul.

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@Sherem, I drew some trend lines to entertain you in - purple (log scale off looks same as mine):

(Log scale on):

Just before our next resistance... I don't see much...

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Bitcoin has been holding nicely, very healthy consolidation.

- Take a look how the EMA10 (light blue) line is holding the price nicely, candle after candle.

- You can also see the purple dotted trend line that is holding the price down.

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Bitcoin... TREND LINES!

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Same trend lines, log scale off.

This can be useful to get a general idea of possible price movement in the short and mid term, based on these lines...

It is good to look at just to get a different perspective and add it to your entire analysis. The more views you have the easier you can spot what might come next.

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P.S. Short term drops in price are more than welcome. These "healthy drops" can help propel us to the next resistance. So feel free to relax during the weekend.

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Thanks a lot for all the charts and comments in the comments section.

Bitcoin has been going up since it bounced from a low point back on June 24th. So we (the bulls) and the bears agree that we have been going up for almost 30 days... Ok, that's great.

So we have many people saying that Bitcoin will go up, and lots of people saying it will go down.

The truth is that it is going up regardless of what some people might think.

Right now Bitcoin price is increasing... I know it is a hard pill to swallow for a few, but it is happening.

I am not writing this to focus on complainers, I just want to let you know that whenever Bitcoin changes course, it will be very easy to spot. If the price is $7,500 and after 30 days its at $6,500, it is easy to see that we are going down. But when we move from ~$5,800 and reach $7,500+, for me it is easy to see that we are going up.

We have many signals showing that more bullish action is about to come. So be ready and get ready, as Bitcoin will continue going up, in the short term, just as it is happening long term.

If the mid term view can change for a bearish turn, we will know easily by looking at the charts, the daily and weekly candles and how they close.

So if by any chance, you my dear bull, are having doubts about where Bitcoin is about to go... Just look at the trend... For now the downtrend is over, and the uptrend is ON!

Namaste.

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Bitcoin is looking really good, just as it has been looking for the past few weeks.

First a quick look at the 4H and 1D charts:

So I am getting mixed signals as to when the next push up will happen. I am seeing within 0.5-2 days, or 6-8 days. With the sentiment as it is now, it shouldn't take long before we test $7,800 to then move to $8,000+

The weekly chart looks really bullish.

- The STOCH is trending up, coming out of oversold.
- The RSI and MACD are still neutral, but with more of what we've been having lately, they can turn bullish if the market allows. Next week can be a good one for Bitcoin. Let's see how we end the weekly candle and go from there.

I will be posting the support and resistance levels in my Monday Bitcoin update.

Thanks again for reading.

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Healthy consolidation continues.

We are above EMA200 on the 12H timeframe and support by the "cloud":

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We are doing good but this is just a loading phase, it needs time for us to see how it will develop. We still have some more time to consolidate before we can push more up... We will see how it goes, here is the chart:

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So far we have good volume for the day... Here is the 12 hours chart, Bitcoin keeps on going bullish as expected... short retrace can happen and can be expected but will be good to see how the daily candle will close and also focus on the weekly... We can just sit back and relax since we are looking good lately:

The altcoins are also moving... Which is great as usual.

We hit 5 targets for ADT and about 4 for ADX, I see many other coins starting to move on Binance and this might be a very nice week.

Remember that patience is the key!

Namaste.

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So we go by my July 21st update and Bitcoin hits $8000 within 1-2 days.

Good to see more growth for Bitcoin, I will now focus on posting a new update... Thanks for the support.

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New update here: