Good Friday (Full Moon)... Hit LIKE to get started... Your support is truly appreciated.
Bitcoin’ had a massive drop and is finally slowing down. We went down from $6400+ to $4400 in a matter of days, something like the drop we were looking for to finally change trend. But we were also looking for a very strong bounce after such a drop... Said bounce did not happen, so we are hovering around support now.
The price level we are at is a very strong support marked by EMA200 on the weekly time frame:
Now, Bitcoin’ remains bullish long term, Bitcoin’ will continue growing in value overtime as you can see when you look at the long term chart (Note: Not everybody is able to understand this chart... caution... Bitcoin’ has been increasing in value since its inception... BULLISH):
Bitcoin’ Short term analysis for $5000 target:
On the short term, 4h time frame, we have a falling wedge which is bullish and several reversal candlesticks.
After Bitcoin has been oversold massively, you can expect a relief ralley.
$5000+ Next (In a matter of days).
Please hit like if you would like to see an updated analysis for Bitcoin Mid to Long Term, including detailed updated information of all the indicators and time frames.
Thanks a lot for taking the time to read.
See you in the comments section below.
Alan Masters here...
Namaste.
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XRPZ18 Short:
BRBBTC:
BTGBTC:
COVALBTC:
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BTCUSD has been creating higher lows on the 4h time frame.
EMA10 (green line) is working as resistance. If EMA10 is broken, we can move straight to EMA50 (magenta line) and reach our first target.
In the meantime, Bitcoin will continue sideways with EMA10 as resistance and $4200 as support.
If $4200 breakdown we are looking at $3980 (~$4000) next followed by $3800 and finally $3500.
The Bitcoin bear market can prolong for several more months if these support levels are tested. Better if Bitcoin holds here and tries to climb back up.
Thanks a lot for reading and all the support. Truly appreciated.
I love you.
Have a great weekend... always.
Namaste.
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Bitcoin went as low as $3600 but managed to close the week above $4,000.
We have really good volume and a reversal candlestick on the daily time frame. Bitcoin might have hit its bottom...
I dont care what your ranking or social status is on this site. The fact that every week I see these titles saying "BTC TO THE MOON", "Bitcoin finally hit bottom", "BTC BULL run about to start!" and so on and so on just make me laugh. NOTE: I dont trade crypto, so no Im not a shorter nor have any stake in which every direction it goes. Just noticing these silly ideas month after month, from all these so called "professionals" on TV.
Ecua_Trader
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@Mactormind, I’m not a pro. Not even amateur lol. I’m think you are confusing two groups. The ones Alan belongs to that is dream sellers and scammers and the traders group which is “i don’t care if you like my TA I’m here for the money” this was obvious to see back in May. Check the charts I shared with my friends back then. twitter.com/chartistcrypto/status/1066146571136499712?s=21
Mactormind
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@ChartsOnTime, Haha...oh Im not confusing people like this. I know exactly what they are about. I mean dont get me wrong, you need to make calls, Im not saying you never should cause that would make no sense. But what you dont need to do is post the same BS every week just for clicks and bumps. Unfortunately, there are people stupid enough in this world to blindly take these "gurus" "advice" and lose their shirt. And its wrong.
Ecua_Trader
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@Mactormind, for the first time I am questioning the whole validity of crypto currencies. Just not common to see something like this and not get a reaction. That is why I don’t put much in new markets. This reminds me of penny stocks. I just hope I’m wrong. I am seriously considering dropping crypto for good and just continue 100% forex. Scammers themes all around. Red flags everywhere. Again, I hope I’m wrong as of now 80% of my funds will kept away from this market. Im ok breaking even. express.co.uk/finance/city/974673/Bitcoin-price-tether-ripple-cryptocurrency-ethereum-BTC-to-USD-XRP-news/amp
WorldEconomics
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@Mactormind, - You don't have to be an expert, just look at the fundamentals. Over 2,000 cryptocurrencies and a shrinking market cap. Talk about bubble, popped, and capitulation. Greed made BTC $19,600 not innovation. Bitcoin has been hacked, stolen, and manipulated. Its slow, and very costly to send/receive. These are the very things Bitcoin was praised about. Ripple shames Bitcoin, its infinitely faster and cheaper. Yet, Ripple withstood huge volatility, staying strong $0.40-50 cent range.
Mactormind
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@BankofEngland, Im not entirely sure I put much faith in "fundamentals" of something as new as crypto. But I see your logic.
@LarryisBROKE, Now thats funny! lol and sadly true...
Crypto_Ramen
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Guys, this guy is scammer piece of s**t. DO NOT believe a si for he is saying. He is just trying to entice people to subscribe to his sh**ty paid group that will rip you off.