Recently I shared a chart for Bitcoin Dominance (BTC.D).
Here is a follow up, short and simple...
I believe this chart will continue climbing until reaching 50 and higher.
The indicators, RSI and MACD, as well as the volume bars and the candles (candlestick reading) support this.
We now have 6 consecutive green candles on the daily Bitcoin chart. This isn't something we see often.
At this point, many people are already looking for a retrace but here is my theory as to why I think we can go straight up.
First, it is the same signal I mentioned just two days ago with the volume bars.
We are starting to see volume, finally, but it is still...
Bitcoin moved and closed above EMA50 to the upside for the first time since October 2020... (Think about that one for a minute).
EMA50 is a strong indicator for crypto on any of the higher timeframes.
After October 2020 Bitcoin grew all the way to a new All-Time High in April 2021.
Then Bitcoin closed below EMA50 and a long correction took place.
Now we are...
Just a few days ago there was a lot of friction in the comments section just because we were fast to point out that Bitcoin was looking to move higher...
I understand, for some people it takes longer to see "the writing on the wall".
Looking at the chart as it is now, it is becoming clear that Bitcoin is set to continue moving higher.
The volume bars are a...
Here is my beautiful chart for DGBBTC (DigiByte).
Our support is marked light pink and prices are starting to bounce.
We have a higher low long-term/compared to early 2021 (January) and this is looking really good
We know that DGBBTC never disappoints and is also a solid altcoin project, one of the first altcoins out there and still rocking.
The dashed blue...
We expected prices to increase based on some pretty basic signals looking at the 4h timeframe for BTCUSD... This moved took place ( see it here ).
What happens next with Bitcoin?
Let's have a quick look at the daily timeframe but once more keeping it simple... Simple is best.
Bitcoin daily managed to close 'yesterdays' candle (23-June) above EMA10 and EMA21,...
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...