Ok... The last one is Venus (XVSUSDT).
Notice I always draw a green arrow here on the chart.
This arrow represents the potential bullish scenario but there is a catch.
This is not to say that XVSUSDT will move right away up, but this can happen.
This means that above the current price levels the potential remains up but I am never predicting time.
Ever since the 14-Aug. high, QTUMUSDT has been consolidating...
A higher high took place later on 15-Sept. yet the price range still remains within an accumulation zone.
Why accumulation and not distribution?
We have a bullish market overall.
We are on a bullish wave.
The strong bearish candle on 7-Sept. which closed above EMA50 and EMA100 results in a...
We looked at XLMUSDT recently and we feel confident about this one, just as we do about the entire Altcoins market.
Today we see XLMUSDT moving above EMA50, EMA100, EMA200 and EMA10. Only EMA21 is left behind.
We can expect a strong jump once above these levels.
Note: Prepare for all scenarios.
Just as prices can go up, they can also go down.
Make sure to do...
People ask me: Where are the USDT pairs?
Let's have a look at KNCUSDT.
Here we have the same pattern we studied on BTCUSD, ADAUSD and many other Altcoins.
We saw a strong drop 7-Sept. and then a recovery taking place.
Resistance is now showing up as the classic EMAs.
As soon as price move above these, you can expect a strong jump.
This is likely to happen...
We've been looking at Bitcoin on the short-term timeframes but what about long-term?
We are strongly bullish on Bitcoin long-term aiming for $80,000+ or even $100,000+ late this year (2021) or Q1 of the year 2022...
This is great news.
But, do the charts support these targets?
Is Bitcoin ready to move ahead?
What about last week strong bearish candle?
The Bitcoin (BTCUSD) bounce is now full on and taking place as we hoped to see based on the 11-Sept. "Short-term strange signal" ...
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Tezos (XTZBTC) goes ahead and hits a new high after long-term accumulation and higher lows...
This is exactly what we know will happen to the rest of the altcoins vs Bitcoin pairs.
Strong bullish action Q1 this year.
Correction and accumulation next.
Higher high a 100%.
The whole market is interlinked...
Be patience... Weak...
Look back at the action between February and April of this year... Massive growth, strong and fast.
PERLBTC is preparing for something similar as we can clearly see higher lows and accumulation taking place.
Today, prices are moving above MA200 with bullish indicators.
The MACD is on the bullish zone and also trading above the Signal line.
The RSI is above 60,...
WTCBTC (Walton) has been consolidating for many months now and is ready for take-off.
Today it is moving above MA200 for the first time since March 2021 and this can lead to exponential growth.
Targets are mapped on the chart.
The price drop on 7-Sept. was a strong one, we saw the Bitcoin bears jump in with full force...
But we are wiser than that, we know this market is generous, the drop we consider as an opportunity to Buy & Rebuy - Cryptocurrency Market Update | New Buy Opportunity For Altcoins , Bitcoin is moving back up.
We now know that this drop was caused by the liquidation...
In a short-term/immediate perspective, the signals are not very clear but we are bullish anyway.
Ever since XLMUSDT hit a low in late July, its price started to grow.
We've been looking at higher highs, we had a recent correction after MA200 was challenged, but we still remain trading above support.
We are bullish above the 20-July low.
If you look at other...
Here FIOBTC is showing a long pattern of accumulation.
The bulls have the lead now after May's low followed by multiple challenges of resistance in the form of MA200.
Currently, it is challenging EMA10/EMA21.
Keeping It Simple
If FIOBTC can move above the "Trendline"/MA200, we are bullish.
If it goes below "Support" we are bearish.
q) What is charting?
q) What does it mean to read charts?
q) Are these tools useful?
q) Is it reliable to reach a conclusion based on the data coming from these charts?
a) You can reach any conclusions you want by reading or not reading a chart.
a) These tools are very useful and they can definitely help you with your trading and also to improve your trading...
Tron vs Bitcoin (TRXBTC) has a good looking chart which points to higher prices.
We can see here a correction that lasted 85 days since early May until late July.
This chart is similar to most of the ALTSBTC (Altcoins vs Bitcoin) pairs that are yet to hit new highs.
Despite Bitcoin's recent drop, this pair and many others are set to move higher... Something is...
There are so many good opportunities right now offered by the Altcoins market that it is hard to choose.
PHBBTC (Phoenix Global) is just one of these.
This altcoin pair has been through the full cycle; A strong bullish wave after a low in January 2021, a recent higher low, prices moving above EMA10/50/100, staying strong when Bitcoin crashed, bullish MACD and...
Here are the support levels for Bitcoin on the daily timeframe.
We have MA200 which is being challenged now.
This same level and yesterday's low can be combined into a support range for the current move.
We have a range between $42,900 to $46,000 as support. This includes the 0.382 Fib. retracement level for the last bullish wave.
Additional support levels...
Yesterday we saw the strongest drop for BTCUSD we have seen since the bullish wave started in late July.
We had only growth followed by more growth, coupled with additional growth and so on.
We went from a low of around $28,600 to a massive ~$53,000 which is almost 100% growth. (85% to be exact).
Yesterday we saw a 19% drop (-19%) on the Bitcoin's price, the...
Hello my fellow cryptocurrency trader, how are you feeling today?
Soon the Bitcoin Law in El Salvador will come into effect and we want to show our support... We are buying $30 USD BTC, all of us.
I know many of you would like to know the exact levels at which Bitcoin will meet resistance on the way up (targets).
I am sharing these with you today.