I am always on stage telling myself over and over to be patient… But it isn’t easy, especially when the market is moving and you don’t know what is going on.
Bitcoin… It is time to grow.
Bitcoin (BTCUSD) 4H Timeframe Analysis by Alan Masters
We have a bullish chart. We predicted a bullish breakout, even though we refrain from making predictions, and this is what we are waiting for (already ongoing since 54k~). We feel confident because we already have a very strong signal with Ethereum (ETHUSD) that is already going up.
We also have the technicals on our side… We have higher lows, strong RSI, prices above the EMAs and more.
On this timeframe, 4h, we are bullish above $55,000.
I mention the timeframe because the levels can vary depending on the timeframe we are looking at.
For example, the monthly and weekly timeframes will give us different signals compared to the daily and 4h.
A timeframe can be bearish, for example 1h, while another one can be bullish, for example, 3days.
This is an important distinction to make.
If you are trying to come up with a general view, a broad picture as to what is going on with a pair, an altcoin, a stock… Then you can analyze multiple timeframes and see what you get.
But if you are looking at a short-term call, you can focus on a single timeframe, build your plan before buying and later start to trade.
Yes… Patience is key! But Bitcoin is likely to resume growing TODAY!
What’s your take? Share in the comments…
Namaste.
Comment
⋅
Good morning my fellow cryptocurrency traders, I am bringing you a new view of the 4H Bitcoin (BTCUSD) chart.
As you can see, with have a bullish bias and the iH&S pattern formed to indicate that the low is in.
Prices will now grow until we have a clear rejection at the next resistance.
Bitcoin's trend is bullish short, mid and long-term.
Im hearing from "decent CT sources" (goodness knows we only hear from them [for the most part] when they right!!) - that we are going down to 48k first in the next day or so before the hike to ATHs.
With the institutional guys push and pulling the Crypto space like controlling puppet strings, I find it quite difficult to be convinced by indis & signals as I once was. Think I'm an example of being somewhere on that "Euphoria-Despair" chart lol.
Thanks Alan
A drop to 48k wouldn't really hurt us... A few more days, weeks... It isn't really important as Bitcoin continues to grow.
Many people say that a longer/deeper correction is better and I agree, but we also enjoy straight up. :D
Namaste.
KusaCubari
⋅
@alanmasters, CT is the old CryptoTwitter community. Tells me you don't go there much which is likely why your head is real clean and clear lol... wise! It's very noisy but there are some prophets on CT. Many sharp Elliott Waves fellas on CT too which can be handy, but has also killed a few of my trades, although still my choice to listen and act, so not grumbling.
Keep up the great work and positivity Alan, thanks.
alenotr43
⋅
did you see what happened when you are not patient and wise :)
With the institutional guys push and pulling the Crypto space like controlling puppet strings, I find it quite difficult to be convinced by indis & signals as I once was. Think I'm an example of being somewhere on that "Euphoria-Despair" chart lol.
Thanks Alan