Here we are looking at the daily timeframe for BTCUSD (Bitcoin).
The grey line on the chart stands for EMA300.
This is a strong level.
Below this level we can see lower prices (red arrow)...
Above this level we move straight up.
Even if prices drop, we are still bullish, within a recent higher low.
Paraguay Comes To The Rescue
Following the steps of...
We looked at the S&P 500 Index (SPX).
We saw some bearish signals that are pointing to a price drop.
The Dow Jones (US30) and SPX tend to move together...
This one is already in the red... Let's have a look.
Dow Jones Bearish Chart Signals
First, we have prices already trading below EMA50.
Yesterday's candle closed below this important level.
It looks like SCRTBTC is now done correcting and is ready to grow again... But why?
Here is a very simple yet strong signal; volume.
Notice the very high volume bar under today's candle...
We see prices moving above EMA10, challenging EMA21 and also EMA50.
This type of action supported by huge volume is a very strong bullish signal, it can lead to additional...
XVSBTC is now bouncing towards an easy 45 to 80% jump.
Here we have lots of interesting data coming out of this chart.
XVSBTC hit an ATH mid-May followed by a strong decline... High bear volume that suddenly went flat.
Today we see prices moving above EMA10 (first bullish signal).
We have also what is called "hidden bullish divergence" between the MACD and...
I realize there is a lot of new people out there... I've been gone for a while...
Please allow me to entertain you!
Patience is key.
These things they take time.
You need to wait for weeks/months at a time, it is not something that happens within hours or days... One of the common mistake beginners make is hoping to see things move too fast.
Here we have COSBTC once more... We can see the MA200 black line being tested as support.
With the daily candle closing above this level, we can say that this support is good/holding.
We can see the trading volume increasing today, above average and both the MACD and RSI moving higher.
We consider the MACD bullish above 0 and the RSI above 50, they are not...
This is a purely technical analysis.
We have some strong bearish signals coming out of the S&P 500 Index (SPX) chart.
First, we have a rising wedge, marked with orange dotted lines which tend to close bearish (this pattern can lead to a drop).
A peak was hit in May, we now have a higher high but bearish divergence is strong.
Bearish Divergence with the MACD...
A major Bitcoin network upgrade by the name of Taproot has been locked-in, this is a bullish development for the market.
This network upgrade will improve Bitcoin's privacy and improve on its smart contracts capabilities...
No, it is not because of Elon Musk.
See my previous articles
Bitcoin Bounce With $46,000 Potential Target? See Inside | June 9...
Patience is key more than ever before... DFI.Money (YFIIBTC) will have its turn.
We are seeing higher lows and a relatively strong RSI and MACD.
The MA200 black line is also trending down strong... Prices tend to gravitate towards this line, meaning, we can see higher prices soon.
There can still be another break of support, so that people become desperate and...
Here we have another chart where a massive wick occurred last year signaling an upcoming change of trend... Look at the yellow marked candle, Dec. 2020.
This is the same as we saw with NEBLBTC and is also on NXSBTC and many other charts.
When you see this type of action, it is indicative that the bulls will take control.
Notice on the DLTBTC chart we now have...
When Bitcoin is at the top,
When prices are peaking,
When it would be unwise to buy more...
The mainstream media is publishing bullish articles, being supportive and strong.
When the mainstream media goes negative and calls for the end... It is time to start buying, they know nothing about this game.
Bitcoin has been killed a million times over, again and...
We looked at a similar signal multiple times in the past for other altcoin pairs.
Notice on the 2-January 2021 a long upper wick/shadow on that day's candle.
When you see a wick like this, it can signal that the trend is about to change.
And yes, it is true...
After this date, we have a new uptrend for NEBLBTC.
At any time, we can see another jump in...
Bitcoin's price is bouncing after a higher low.
We have a potential target of $45k+ if EMA50 can be conquered first.
Strong resistance at $35,000 to $37,000...
Above this level we can hit $40,000+.
BTCUSD 4H Timeframe Chart Signals
We have some bullish signals on this chart:
MACD young bullish cross (This is an early signal)
RSI above 50.
The black line on this chart is for the MA200 indicator... This is a strong indicator for the altcoins market.
When a pair, like MTHBTC, is trading above this line, we are strongly bullish .
When below this line we go bearish .
We focus mainly on the daily (D) timeframe.
We had really good bullish action from January until April and then the correction...
Here we have another altcoin pair waking up today... Patience is key.
Perlin (PERLBTC) ended up in a higher low compared to January and this is good news.
Market corrections are normal...
The market moves in waves, up and down, up and down...
We have a higher low and we can confirm this based on the very strong volume coming in today.
Higher lows and can lead...
Contentos (COSBTC) is one of the many altcoins that will move strong on the second bullish wave.
As we were expecting, all of the pairs ended up in higher lows, which is a strongly bullish signal.
After a higher low, we tend to hit a new higher high.
Here I am mapping over 200% in potential growth for this altcoin pair.
This is not financial...
Now I am looking at the chart for VIDTBTC.
We have a higher low compared to Feb. 2021 and a strong bounce is starting to take place.
Here we also have higher lows on the RSI and MACD, which is a bullish signal.
Prices can potentially move higher for this altcoin trading pair.
Additional details (targets) are marked on the chart using the Fibonacci extension...
No analysis... You've been warned.
Unless you see news of more trillions being printed, expect the SPX index to crash strong in the coming weeks/months.
Likely course of action
1. Test of ~3950
2. Small bounce and then test of ~3600
3. Strong drop, long lower wick to test low ~3ks.
4. Slow drawn out recovery...
What's your take?