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?
I saw some indications based on the long-term daily, weekly and monthly charts that points to a potential bear cycle for Bitcoin, which would also tells us that the ALTSBTC pairs can continue to print huge growth...
Hold on, wait! Let's go back a few steps...
What is happening now?
What will happen in just the next few days and weeks to come?
Regardless if this...
We have a positive signal now with Bitcoin (BTCUSD) moving above EMA10 on the 4H timeframe.
EMA10 sits at $50763 (candle closure is needed for this bullish signal to be confirmed).
The 4H candle closes in 2 hours.
With prices moving back above EMA10, this signals that the bulls are jumping back into the game.
Our initial and main support at $55,000 will now...
The charts are now changing... This is the total cryptocurrency market capitalization, Bitcoin + Altcoins.
Today, we have the highest volume, bear volume/red, since February 2021.
Yesterday, TOTAL close below EMA10 and EMA21 with EMA50 being tested today.
We have bearish cross on the MACD and the RSI is dropping...
The whole cryptocurrency market...
ENTRY: 0.00001400 - 0.00001600
STOP: Close daily (D) candle below 0.00001300.
This is not financial advice.
Make sure to build your own plan/strategy before trading.
Patience is key.
We looked at Dogecoin (DOGEUSD) on the daily timeframe; many bearish signals starting to develop.
Today, we are going to be looking at the 4h timeframe where we can gain additional information as to what is going on with this market/pair.
First, we notice how DOGEUSD went to test EMA200 as support after breaking below EMA100 back in April.
This same scenario...
OSTBTC is now facing resistance in the form of EMA300, this is the grey line on the chart now sitting at 74 satoshi.
This is a strong resistance level that rejected OST back in early April.
If this level is conquered, we can see this pair fly up.
We are looking at 100%+ potential profits.
Conditions for change
If prices drop, the main support is found at...