As we have a new low many people are already wondering if the bottom is in, again...
Patience is key.
Wait for the weekly candle close, minimum.
The same goes for today, short-term.
Once a move starts to develop, it takes time before its final form shows up.
Since we've been expecting a major crash like this one for many months, we can say that the bottom is...
We have 6 weeks closing bearish for BTCUSD, the worst ever...
Do you think that capitulation will take place now?
A huge fast 30-50% drop to set the bottom before a change of trend take place?
(Something like this ...)
Tell us in the comments...
Thanks for reading.
Namaste.
We are seeing Bitcoin drop but the question is this, will it continue lower or bounce back up?
Very likely to continue lower.
First we have the huge rise in price from late 2020 to mid-2021...
This phase needs to be corrected and so far we have two floors.
Near the $20,000 price level and $11,000 - $14,000.
The RSI is trending down but there is room for it...
We are waiting for the capitulation phase...
The recovery can be very long (prolonged) and steady...
It can take years to reach the same prices as a few months back.
But there will surely be a new high... After the bear run!
Namaste.
Easy my friends, do not despair and take it easy, Bitcoin will soon go up... We say within 5-7 days.
The 10th of May can be a very auspicious day, so today it is a good time to patiently wait.
Rest easy...
The bulls are on the way.
Namaste.
Bitcoin is trading within an ascending channel, we have a falling wedge and also higher lows.
Now that prices are trading near support, April is over and the summer yet to come, the possibility for a bullish wave becomes strong.
Here I am mapping some support and resistance levels.
Bitcoin staying above the blue marked space signals bullish...
Any trading...
Here we can see a very strong downtrend that started in April 2021... One year ago.
The downtrend ended in March (last month) and we see a strong breakout followed by a retrace with prices now moving weekly back above EMA10.
We also have the harmonic pattern... Honestly, I don't know how it is called but this pattern works most of the time... It is pointing...
Siacoin hit its All-Time High vs Bitcoin back in June 2017.
Taken from the current price we have a 3200% potential if the same price is hit... But since we are within a higher low long-term, there can also be higher highs...
Patience is key.
We buy and hold long-term.
We trade with patience and love.
No margin, no gambling, no jumping...
We see a clear negative/inverse correlation between Bitcoin (BTCUSD) and Binance Coin (BNBBTC)... We can turn this into something good.
We can use Binance Coin, the BNBBTC pair, to protect our Bitcoins while the correction intensifies.
We are fully ready and prepare for the worst possible outcome/scenario.
We are prepared for $22,222 or $11,300 bottom at the...
It looks like Dogecoin can grow vs Bitcoin... It has gone through a very long and painful year long correction.
The peak/ATH happened May 2021.
There is plenty of room available for growth but if the March 2022 low is taken out there can be more correction before a new bullish wave shows up.
I think the bullish wave can happen...
In time we will know for sure.
Namaste.
I shared this chart on the daily timeframe a little over a week ago...
Here you have it on the weekly timeframe, the bullish breakout is already on.
Previous chart:
Verge | Let Me Show You Another Signal... (375% Potential)
XVGBTC is moving above EMA10 and EMA21 weekly... This is only getting started.
Patience is key.
We buy and we hold.
Namaste.
This is looking likely right now after a dull weekend and good volume coming in today.
GREEN DAILY CANDLE CLOSURE NEEDED FOR CONFIRMATION.
If we close green today and above $111.1 we are very likely to see Litecoin (LTCUSDT) hit $125 followed by $150...
It is still early though so confirmation is needed.
Namaste.
Basic EMA analysis tells me that EMA50 will be tested on the monthly timeframe... BTCUSD.
This gives us a price of at least $25,900...
So, $30K is not the bottom.
I already mentioned the MACD in a previous analysis...
$22,222 If all goes well...
Namaste.
Short-term action is pointing towards a bullish jump...
We have higher lows since 11-April.
We have a decisive candle here marked purple...
Now prices are growing above EMA10 while the sentiment is dull.
With bullish indicators and people looking the other way...
It is the perfect time for a sudden price jump.
Bitcoin can easily just $40,790 followed by...
PIVXBTC is breaking out of a major downtrend that started back in 2018...
A more recent price peak was hit in March 2021... Things are starting to turn.
Patience is key.
Here is the previous chart where we spotted the bottom by just a few days...
Thank you for reading.
This is not financial advice.
Namaste.
We can see COMPUSDT moving above EMA50 today and higher low since late February.
Closing above $136 today can signal additional growth to come.
Namaste.
The major downtrend that started back in November 2021 is now being challenged...
We are looking at WazirX vs Tether (WRXUSDT).
We have a volume breakout...
Today's volume is the highest we've seen since February, likely to go higher and we end up with the biggest daily volume bar since December 2021.
We also have a break above EMA50 and challenge of...
When we look at the weekly chart for FILUSDT (Filecoin), everything is crystal clear...
We have a falling weedge pattern that broke bullish;
We have a break and close above EMA10 (last week);
We have a bullish cross on the MACD;
This is happening on increasing volume after a lower low.
A higher low is always great because it means the bulls maintained the...
