AlanSantana
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Let me show you this very simple signal, it shows where Bitcoin is headed next. ➖ We are looking at the 1H time frame; notice the volume. Each time there is a volume breakout, it ends up being a bearish move. This indicates that the bias is bearish and thus lower prices. ➖ The downtrend confirms the volume signal. Where are the bulls? The chart can always...
This is the final warning and a friendly reminder; what we are about to witness is a "capitulation drop!" This event is not your common drop or "normal correction," instead, it is a major event that only happens once every several years and you have front row sits for it. ➖ If we calculate the average price for Bitcoin's trading range in the past month and a...
Gold is having its moment right now and we can spot a peak happening today; this very same day, the 12-April 2024 session —let us see how it goes. I hope you get to have a wonderful weekend, this is just a quick reminder and I'll let you go. First, the main signal: This is based on candlestick reading. Today's session is ultra-bearish and leaves no room for...
Another waiting period, another consolidation phase is reaching its end... We have an open trade for this pair/Altcoin/project and this will be shared in the 'Related Ideas' at the bottom of this post. Compound (COMPUSDT) is great because it produced a major bullish wave recently and many people participated in it. When things like this happens we are always...
Compound is still in a consolidation phase after a strong correction but as soon as its price moves above $40 we consider it strong. This can turn into a long drawn out correction or a short one but the bigger picture is up. This is the picture for the next six months... Notice how even if a drop happens the bias is still bullish with higher highs potential...
➖ The current move on the Tesla stock (TSLA) is not supported by market fundamentals and can thus be considered weak. ➖ A weak counter-trend move can be used as an opportunity to sell (SHORT) by smart individuals/traders. ➖ The Tesla stock (TSLA) is set to drop long-term based on the individual stock long-term price dynamics. It is likely the best is already in...
Tesla (TSLA) has been printing lower highs since July 2023, which means that the downtrend is an old one. A lower high is confirmed 28-Dec. by the fact that the last four sessions are full red and pushed the stock below EMA10, EMA21 and EMA50, with EMA100 still working as support today. The RSI is now bearish (below 50) and trading volume still low. The low...
Right now saying COIN or BTC is the same, if you want to know where the market is headed. Where Bitcoin goes, Coinbase follows. Bitcoin is headed lower. We are going to be looking at Coinbase (COIN) on the weekly timeframe. First, we have the classic rounded top pattern, kind of like an inverted cup; we know this pattern to be a top signal. ➖ The week...
Are you a Bitcoin futures trader? If you are, I am sure you will agree with what you are about to read: 👉 Bitcoin is set to crash next week. Looking at this chart, we have: ➖ First, a top pattern in the form of a cap. ➖ Then, both the ATH and proceeding lower high sessions closed red; both below EMA10. ➖ We have two weeks of trading below EMA10; bearish bias...
Bitcoin produced a major bullish wave starting October 2023. On the chart, this event matches a move above MA200 (black line). Notice how Bitcoin is ultra-bullish (October 2023) as it moves above MA200. Safely trading above this level, we continued to see sustained growth. In the month of January 2024, Bitcoin produced a small retrace and MA200 was tested and...
Recently we've been talking about the weekly chart. This is the time interval in which each candle/session is worth 7 days (1 week). Bitcoin is always bullish above EMA10 and thus we track this indicator. As long as Bitcoin trades above EMA10 weekly, we consider the trend to be bullish. When Bitcoin moves below, the bearish bias is confirmed. The week is now...
I would like to call your attention to Bitcoin's monthly chart, as well as Ethereum's ... Bitcoin is worse off right now. Ethereum is doing worse but this means that the correction is more advanced on this pair; below you can find Ethereum's monthly chart and analysis: ➖ While Ethereum is 33% down, Bitcoin is only 17% down. ➖ While for Bitcoin April closed...
There are always two sides to every coin, heads or tails; and there are always two sides to every chart, bearish and bullish. Here we are going to be looking at the signals for the NVDA stock on both sides. Nvidia was already a massive company thanks to its chips and cards but with the advent of Cryptocurrency it become #1. Now we have this situation where the...
There is something about these charts... Something about the candles, the bars, the dots, the points and figures... There is something about these symbols that speaks to me; do you read charts? Isn't there a feeling involved in the chart reading process? When you turn on your screen, phone/computer, and start to damage your eyes with the artificial light, don't...
Good Wednesday my fellow Cryptocurrency traders, I hope you are having a wonderful week. We are going to be looking at Ethereum now so please, take a minute of your time to enjoy this chart. Consider hitting boost before reading and leaving a comment once done with your opinion about this analysis and some of the thoughts, images and visions that came up while...
This is the situation right now on the daily timeframe; Bitcoin produced a lower low 1-May, this normally leads to a bounce. A bounce after a new lower low can push prices easily toward 70K, as a lower high but this isn't happening, this didn't happen. The bounce pushed prices to 65.5K and that's it, weak and a lower high confirmed; so far. Closing today below...
An "accumulation phase" is the part of the cycle when and where the whales and experienced traders take the time to load up in expectation of a massive market move. The time to accumulate is also called a "consolidation phase," when prices establish support before a market turns. The market already turned once, from bullish to bearish. Bitcoin moved to hit...
Ethereum's correction is already pretty advanced, you can tell because the drop has been going for almost two months and is already 31.5%+ strong; how much lower can it go? While this is a super-strong drop, it isn't over. The chart conditions are the same as with Bitcoin (BTCUSDT). Ethereum (ETHUSDT) produced a rejection right at EMA50 as the week starts and is...
