Just a quick update following up on yesterday's trade idea.
Bitcoin is now within a bullish pattern shown as a bull flag and moving above EMA100.
It can easily continue growing from this point.
If it drops, support is found above $31300.
The next target short-term is $33,333 and beyond.
See my previous trade idea for higher targets (scroll down to "related...
Yesterday we marked a new higher low for Bitcoin compared to the June 22 candle-wick.
The day is starting with good momentum with prices recovering strong... Here is the 4H chart:
The volume is really strong and prices went from a new low to right back above EMA50, signaling good momentum and strength.
We also get the...
Today we are looking at the Bitcoin Dominance (BTC.D) index chart and multiple signals are pointing to it going higher.
Let's have a look at those.
First, we can see that there wasn't much strength on the retrace from June to July.
Its price moved below EMA10/21/50 and managed to close back above these levels by July 10.
Prices are now safely trading above...
All the altcoins (ALTS vs BTC) pairs are preparing for a very strong bullish wave.
Many are already on their way and other are just starting to wake up.
MDTBTC has some bullish signals coming in.
We have high volume today after a long-term higher low.
Here I am mapping two targets, one at 120% and the next one at 280%+.
Additional details on the chart.
We've been tracking YFIIBTC (DFI.Money) for a while now with multiple updates/trade ideas every month.
Patience is key is what I keep on repeating since these altcoin pairs can take their time before they eventually move up.
The wait is over for this one...
It has been growing since 18-May when we hit a higher low.
Now, I can here to tell you that YFIIBTC just...
Yesterday we had BELBTC close above the most important EMA10 and EMA21 price levels.
This after an initial attempt to move higher that was rejected.
Now goes a second round and the first target stands at EMA50 or 0.00004178.
This one isn't strong here...
In the case that BELBTC starts to go ahead, we are likely to hit 0.00004900 to 0.00005200, which coincides...
If you look at XVGBTC daily, we can see its price bouncing off the MA200 black line.
Here we have the 4h timeframe though which moves faster/short-term.
On the current candle, we can appreciate above average volume with a relatively good RSI.
It needs more time but early signals are starting to show up.
At 61 satoshis, the same support level hit back in...
On the 7th of July, OCEANBTC growth was rejected just above EMA200/MA200.
Prices corrected just below EMA10/50/100 and ended up in a higher low...
With prices now moving and closing back above EMA10/21/50/100 and MA200, also good volume coming in, we are likely to see higher prices.
The signal here that supports additional growth comes in the form of the higher...
CNDBTC is starting to move above EMA100 today on the 4h timeframe.
We just need a few candles close above this level to conquer it (breaking, closing and staying above it).
The last time CNDBTC moved above EMA100 was on 2-June and we saw its price grow up to 99 satoshis (over 85%).
If this level gets conquered today...
We can see similar bullish action take...
EOSBTC is also dealing with MA200 but in a different way compared to Bitcoin (BTCUSD).
We just looked at Bitcoin on the 4h timeframe and how the MA200 indicator is working as resistance.
On EOSBTC daily, MA200 has been tested as support and it holds.
This means that prices can now grow.
The indicators, MACD and RSI, are looking bullish.
Additional details on...
Bitcoin is trying to move ahead once more and strong resistance is waiting at the $35,000 price level.
On this chart, we can see this level marked by the MA200 black line.
Looking back (zooming out)...
Here you can see how the MA200 indicator matches where Bitcoin is facing resistance each time it tries to move higher.
Here we are looking at the weekly chart for a change... The signals here are 7 times stronger compared to the daily chart.
We can see TOMOBTC conquering EMA50 last week and this week, we can see prices growling freely above the EMA100 blue line.
This opens up strong growth potential.
With the MACD now on the bullish zone.
A very strong RSI.
Tomo Chain can...
Here you have another update for FXSBTC (Frax Share), this one moved straight up.
After breaking above EMA50, resistance was found at EMA100 (0.00000958), the blue line on the chart.
We can see FXSBTC being really strong as this resistance is about to be challenged again...
As soon as this level is conquered, prices breaking and closing above it, we can expect...
We have a signal that has come up on many altcoins pair recently...
We can see VIDTBTC diverging compared to the MACD and RSI.
This has happened recently from late May to late June and can signal higher prices after we see prices closing above EMA10/21 and good volume starts to come in.
The green arrow shows what can happen...
The red dash line at the bottom...
This chart looks almost identical to the BELBTC chart.
OCEANBTC (Ocean protocol), is showing a higher low recently compared to January.
We also have bullish divergence with the indicators and now EMA10/21 levels being conquered recently.
This all points to potentially higher prices.
The targets are clearly marked on the chart.
This is not financial advice.
We have the now classic higher low showing on the BELBTC (Bella Protocol) chart.
This is marked with a green cup pattern.
We have bullish divergence with the MACD and RSI as well with prices recently breaking and closing above EMA21 and EMA10.
All this are early signals that are pointing to a change of trend.
Additional details on the chart.
This is not...
We have seen some pretty good days for AAVEBTC since our last chart.
We have 6 consecutive green candles and what I call "bullish consolidation".
This takes place when prices are consolidating while at the same time printing green candles.
The RSI is ready strong and so far no sellers to be found... Additional growth is possible.
Conditions for change
COMPBTC (Compound) did very good since our last update but not prices are starting to retrace...
This is normal, we normally get a retrace after a strong bullish move.
We are likely to get more bullish action after the retrace is done.
The main targets are marked yellow on the chart.