AlanSantana
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About me
Cryptocurrency analyst and Bitcoin fan.
Reading/translating the charts for you.
As we have a new low many people are already wondering if the bottom is in, again... Patience is key. Wait for the weekly candle close, minimum. The same goes for today, short-term. Once a move starts to develop, it takes time before its final form shows up. Since we've been expecting a major crash like this one for many months, we can say that the bottom is...
Where is the bottom for the S&P 500 Index (SPX)? Where is the bottom for Nasdaq (NDX), the Dow Jones (DJI), Bitcoin (BTC) and the rest of the TOP Altcoins? How far low can it really go before this bear run is over? We will get to the bottom in a minute but first, let's look at a few out of the 25 trade ideas we shared since January 2022 predicting the SPX market...
This chart looks very bad. We are looking at the monthly timeframe and the SPX is signaling strong downwards momentum. We can see the current candle trading near its low and a strong bearish candle that closed below EMA10 last month. We did some calculations based on several tools and our experience and reached the conclusion that the SPX can easily hit the...
Today Bitcoin breaks below last years support, things will get worse in the short-term. We can see the level that held back in May/June/July last year, has failed, we have the highest volume daily since May 2021 when a similar correction was taking place. The next target is set on the price range $23,000 to $24,000 and $20,000 to $22,222. We have no support...
We are seeing Bitcoin drop but the question is this, will it continue lower or bounce back up? Very likely to continue lower. First we have the huge rise in price from late 2020 to mid-2021... This phase needs to be corrected and so far we have two floors. Near the $20,000 price level and $11,000 - $14,000. The RSI is trending down but there is room for it...
The UKX, FTSE 100 Index, is also in the red. This is the main index for the top 100 companies by capitalization in the UK. We see prices going below EMA50 after a lower high. (Feb. vs Apr.) Going below EMA50 is always bad news. Since we have a lower high after the EMA300/100 bounce, this can lead to a lower low. The next target on this drop should be around...
It can bounce, as it just happened in March until early April... But then the correction will continue. We have the Tesla (TSLA) stock trading below EMA10, confirmed, after a shooting star last week. These are bearish signals. We are expecting a much bigger correction... Can't wait for it to be OVER! See more details and full analysis tapping/clicking...
While the Nasdaq (NDX) and S&P500 Index (SPX) already closed below the EMA100 blue line, this isn't true for the Dow Jones (DJI)... We can see that the DJI managed to stay above EMA100 last week and moving below it just today. These indexes move together though, so the DJI is not really 'stronger' just a bit behind the rest. With EMA100 being lost as support,...
We have a falling window on the NDX weekly chart and we are reaching the "Final drop". While it can take many years for prices to move back to ATH level after a bottom is set, setting the bottom itself can take just a few days or weeks. Just as with the SPX, the Nasdaq (NDX) index has broken below EMA100 and is showing a very strong bearish candle. The bearish...
The S&P 500 Index (SPX) just hit its lowest point since March 2021, marking a new bearish milestone. This is the lowest the SPX has been in more than a year. We also see a break below EMA100 (blue line). The last time this happened was back in 2020 and prices went on to drop further after this signal showed up. EMA300/MA200 are the next target for the upcoming...
We have 6 weeks closing bearish for BTCUSD, the worst ever... Do you think that capitulation will take place now? A huge fast 30-50% drop to set the bottom before a change of trend take place? (Something like this ...) Tell us in the comments... Thanks for reading. Namaste.
We see a clear negative/inverse correlation between Bitcoin (BTCUSD) and Binance Coin (BNBBTC)... We can turn this into something good. We can use Binance Coin, the BNBBTC pair, to protect our Bitcoins while the correction intensifies. We are fully ready and prepare for the worst possible outcome/scenario. We are prepared for $22,222 or $11,300 bottom at the...
Easy my friends, do not despair and take it easy, Bitcoin will soon go up... We say within 5-7 days. The 10th of May can be a very auspicious day, so today it is a good time to patiently wait. Rest easy... The bulls are on the way. Namaste.
Bitcoin is trading within an ascending channel, we have a falling wedge and also higher lows. Now that prices are trading near support, April is over and the summer yet to come, the possibility for a bullish wave becomes strong. Here I am mapping some support and resistance levels. Bitcoin staying above the blue marked space signals bullish... Any trading...
We are waiting for the capitulation phase... The recovery can be very long (prolonged) and steady... It can take years to reach the same prices as a few months back. But there will surely be a new high... After the bear run! Namaste.
I looked at the 4H, Daily and Weekly timeframe on the Candles, RENKO and Line break charts... They are all giving out bearish signals. We still have price action though. All the signals are bearish. There is a possibility of a bounce over the weekend to resume dropping on Monday or simply straight down... The conventional markets are fully red... TSLA 2nd...
We are having a strong breakout today after BNBBTC found support right above EMA50/EMA100. This comes after a cup & handle pattern. This opens the door for additional growth. Namaste.
We have a lower high on the UKX chart compared to Feb. 2022. Also notice the MACD histogram going red and bearish cross: This index is getting ready for a major drop. Watchout. Namaste.
