AlanSantana
Premium
About me
Cryptocurrency analyst and Bitcoin fan.
Reading/translating the charts for you.
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.
Same as we saw with the S&P 500 Index (SPX), we have multiple indicators going bearish on the NDX chart. This is also true on the weekly timeframe which is 7X stronger than this timeframe (Daily) but we go with this one... (1) NDX has gone below EMA50; Also below EMA300, MA200 and other important moving averages that we follow. (2) The MACD has gone below zero...
We have three bearish weekly candles... This weeks candle is specially nasty. This one peaked in November 2021... It has been dropping for almost 5 months. Twitter, Facebook, Apple, Tesla, Microsoft, etc. They are all going down... Or at least that is what the charts are showing for the past few months. See the "Related Trade Ideas" to know what I mean. Be...
Three main indicators gone bearish for the S&P 500 Index (SPX) on the daily timeframe. (1) SPX goes daily below EMA50 on a strong bearish candle with rising volume. (2) MACD moves below zero entering the bearish zone. (3) RSI goes below 50 going bearish. These signals support my previous analysis a few days ago. The peak happened in early January... It has...
A quick update to a trade idea shared just a little over a week ago... It seems we had a small bounce but the bearish now looks stronger now... We keep the same targets or even lower. More details shared... (12-April) SPX (S&P 500 - 4262) vs BTC (Bitcoin 36/37K) Thank you...
The "2nd Cup" has been filled and we can expect lower prices for Tesla (TSLA). You can see more details in my previous...
In 2022 I see Bitcoin conquering the world... This is the year when we clear all doubts. Not that many people are still doubting us but that they won't be able to doubt us anymore. Not that they realize that we are here to stay but the that the world changed. If the traditional financial markets recover and become strong; that's great, Bitcoin grows. If the...
Here we can see a very strong downtrend that started in April 2021... One year ago. The downtrend ended in March (last month) and we see a strong breakout followed by a retrace with prices now moving weekly back above EMA10. We also have the harmonic pattern... Honestly, I don't know how it is called but this pattern...
Siacoin hit its All-Time High vs Bitcoin back in June 2017. Taken from the current price we have a 3200% potential if the same price is hit... But since we are within a higher low long-term, there can also be higher highs... Patience is key. We buy and hold long-term. We trade with patience and love. No margin, no gambling, no jumping...
RSRBTC (Reserve Rights) recently hit its early 2020 support level. As this level was hit, marked blue on this chart, we saw the highest volume in 7 months. Currently, RSRBTC is trading within a higher low and we see potential for prices to grow. Last time, we saw over 888% of growth... Maybe we won't see a bullish wave this time around... But if you are...
It is the trading volume that gives it away. We do have higher lows compared to February and January but what gives it away is the volume. Notice 16-17 April Bitcoin's daily trading volume was really low. As a reversal started to happen April 18 the volume started to grow. This is great news because we are expecting the Altcoins to continue with their growth...
