About me
#1 Crypto Analyst The Whole World!
Reading/translating the charts for you.
Focused mainly on cryptocurrency (Bitcoin & Altcoins).
After looking at the bigger picture, Bitcoin's long-term weekly chart, we go back to the lower timeframe to get a better idea as to what will happen short-term... Is the low in? We have really good support above $40K. That is the $40,000 - $42,000 price range. The longer this level holds, the higher the chances we end up bullish with a higher low. If this...
Hello my fellow cryptocurrency trader, how is this Tuesday treating you? I am hoping you had a great Full Moon day yesterday... Please, allow me to ask you a few questions related to Bitcoin, reply in the comments with your thoughts. Bitcoin Sentiment The Crypto Fear & Greed Index is now set at Extreme Fear (1), it has been like this for weeks. ...
We are looking at the Renko chart for Bitcoin (BTCUSD) on the 4H timeframe, we have a buy signal. The Japanese Renko charting system is very useful and easy to understand, it can help you define trends. You can get a buy signal when you get a green "Brick" vs a sell signal when you get a red brick. We have a green brick with high volume, giving us the buy...
We are looking at the 1H timeframe for Bitcoin, where we share our short-term trading ideas. We can see that the bulls are still ahead. This is an update to my previous 13-Jan. article. After the 13-Jan. peak, Bitcoin hit a new low (higher low) on 14-Jan. The main low came out 10-Jan. These are all marked with green circles. The MACD has entered the bullish...
Bitcoin is looking good short-term across multiple timeframes... The 1H timeframe is looking good as mentioned in our previous trade idea, we have a rising channel with higher highs. Now, the 4H timeframe is also looking good. As BTCUSD is trading above EMA10, EMA21 and EMA50, we see a bullish breakout happening now. The cup pattern is now in full display...
Good morning my fellow cryptocurrency traders, how is Bitcoin looking up today? We have the short-term chart, 1H timeframe, with a positive outlook. - We have been seeing higher lows within an ascending channel. - BTCUSD 1H managed to break and close above the MA200 black line. - We have a strong RSI and bullish MACD. - Prices remain safely trading above...
Slowly but surely Bitcoin (BTCUSD) is starting to recover. Here we are looking at the short-term chart, 4h timeframe. We can notice the classic cup pattern starting to form, this is very common when a bottom/low takes place. After the cup pattern a bullish jump tends to follow. We have bears and bulls fighting with EMA50 being the next immediate resistance at...
Bitcoin last drop is very likely in and we are about to move up... Let's go into details. Bitcoin has been dropping since the 10 of November with no relief rally/bounce, nothing at all, basically we have been going straight down. That's 60 days in the red. The RSI has been ranging near the oversold/weak line for a while now. Normally, Bitcoin tends to recover...
We have a very long lower wick on today's candle after some volatility kicked in. The Fear & Greed Index for Bitcoin is now at "Extreme Fear"... What happens next? Looking at the 1H timeframe, we can see a candle wick going as low as $39558 but closing at $40809. The the following candle pushed prices back above EMA10 on high volume. See the chart:...
The most reliable pattern of all is the falling wedge. We see this pattern forming over and over before a bullish breakout and it works to predict a reversal most of the time. Bitcoin Dominance Aims Higher We have 4 green candles the last four days and some more bullish signals. There is bullish divergence with the MACD and RSI compared to September...
Now we move to the USDT pairs (Altcoins vs Tether | ALTSUSDT). Our wish is that you start the year with some profits and so we are sharing these charts. RSRUSDT is just getting started, no strong signals so it can go south or north. (I call these early signals) Today prices are moving above EMA10 which is the first indication that the bullish are waking...
Today Tezos (XTZBTC) is moving above the EMA300 grey line. Just two days ago, prices also managed to break and close above MA200 and recently EMA10/50. The MACD is very strong as well as the RSI. We have higher highs and higher lows... We are aiming for a new high. This is another good one. Enjoy. Namaste.
This is one we like a lot and we've traded this pair multiple times in the past... ICPBTC is already moving; Coming out of a fake breakdown (when support is broken down just to see prices move quickly back up/stop-loss hunt), we have really good volume. We don't buy here... Not even here with low prices. We always buy BEFORE the breakout but not everybody uses...
We are sure you are already familiar with XVGBTC, we shared this one multiple times as well and right now all that is left to do is waiting. We can look for new pairs, new trades, new chart setups... Or we can simply wait on those that we already hold. On XVGBTC, we are STRONGLY bullish above 34 satoshis (0.00000034). Below 34 satoshis we close at a loss. If we...
This is another Altcoin pair that we've been tracking recently. We can see already some strong bullish action but there can be more above the MA200 black line. There will be resistance at this level (0.00007750) but we believe that the entire market will go up. We are of the patience type so we look to buy and hold. This one is very likely to do good in...
Hello my dear traders, Happy New Year 2022. VIDTBTC looks green. It is now sitting above resistance with a strong bullish bias. We are very likely to see soon prices growing. This and many other Altcoins pairs (Altcoins vs Bitcoin) are starting to look really strong. A new major bullish wave is taking form... Namaste.
Going a bit deeper, 1H TF, let's see what BTCUSD has to say. A few hours ago we can see a clear break of EMA10, EMA21 and EMA50 as resistance with good volume. Even though though we have good volume on the next 4 consecutive red candles, BTCUSD remains above EMA10 and the other emas, signaling that the bulls are doing it but slow. The red marked space is the...
Yesterday Bitcoin managed to close above EMA10 and EMA21 with average volume... This is good and supports our previous idea of a bounce next before anything else. By "bounce" I mean prices moving up from the most recent low but not necessarily for a long-term upward move but it can just to later hit a new low. Of course, things are always changing and the...
