MasterAnanda
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Bitcoin being bearish is only true if the $100,000 support level breaks. If it breaks expect the market to dive down, deep and fast and reach around $82,500 or $88,888. But this is only if the support breaks. If support holds, as it is doing so far, then you can expect higher prices in the coming weeks. If support breaks, the flush is likely to be super fast and...
The 100K support is still valid but the weekly timeframe chart isn't looking good. Good afternoon my fellow Cryptocurrency trader, how are you feeling today? Bitcoin peaked the week 19-May. Then we have bearish action only. The week after 19-May was red, then two neutral weeks and a continuation this week. It looks pretty bad right now, terrible to be honest. »...
Ranging markets/sideways markets is when traders lose the most money. Always keep this in mind. » Short-term signals are pointing to a recovery right away. » Bitcoin's drop wicked below the 13-June low but the RSI produced a higher low and thus we have a bullish divergence. » Bitcoin's current drop went lower yet the chart reveals lower volume now compared to...
COIN's chart looks very similar to Ethereum. Today's action reveals something great; bullish confirmed. Always, since this stock started trading, it has been moving as a unit together with Bitcoin and the entire Cryptocurrency market. When Bitcoin is bullish, Coinbase is bullish. When Bitcoin is bearish, Coinbase is bearish and vice versa. Here we have a very...
Is this a shakeout or a rejection? A rejection implies no bullish action short-term thus lower prices. It is still early on the current move. A shakeout implies a bear-trap and bullish action soon to follow, as soon as the shakeout is complete. Daily and weekly close Let's be fair and honest, it is too early to say. To determine if the current move is either...
It is the same price pattern and sequence. A bullish wave ends December 2024 and leads to a correction. The correction ends with a bottom 7-April. This bottom marks the start of a new phase, the bullish cycle. Recently, SEIUSDT produced a higher low and this higher low marks the start of the next advance, a bullish continuation. Makes sense? Bullish action...
Some people can say that Bitcoin Cash right now is simply an anomaly, nothing to see here. But a closer look reveals nothing abnormal, more likely a very strong predictive signal that supports what we saw happening with the COIN stock and what was predicted recently to happen with ETHUSDT (Ethereum), that is, a very strong bullish breakout is the next main major...
You know these two tend to move together, Dogs and Notcoin. Also notice the strong similarities between the two charts. Just for reference, DOGSUSDT I shared just a few minutes ago. Past action NOTUSDT (Notcoin) grew 125% as the initial bullish breakout in less than 1 month, 28 days. After the 7-April bottom. Here there was a double-bottom with the exact date...
Good afternoon my fellow Cryptocurrency trader, how are you feeling today? Dogs has been bearish for more than a month after producing a nice ~150% jump after the market bottom. Would you say, 150% is big or small? Is this good or not good enough? I say it all depends on how you approach the market. This type of move is awesome for short-term traders as well as...
We have two drops on this chart. The one of the left is more extended and long lasting compared to the one on the right. When a move is sudden with major force, it tends to end suddenly as well. The recent drop was very steep and the force needed to keep pushing prices lower cannot be maintained, it requires too much energy; for this reason, a higher low is in...
Look at this, the first peak for Ethereum happened 13-May after the start of the recovery and the end of the downtrend. The lowest point happened five days later on 18-May and there has been no new lows since. Ethereum has been in a bullish consolidation pattern, a classic bullish flag. This kind of dynamic clearly reveals a bullish bias and certainly, Ethereum...
It seems XRP has been trading at the same price for more than 7 months. The mean price since XRP broke above $2 back in December 2024. Can you see what I am referring to? Good if you do. If you don't, continue reading, everything will be clear in a few seconds. Price action Is neutral price action at this point bearish or bullish? Bullish. Most of the...
All gains have been removed, most of them. Dogecoin hit yesterday the same level from 6-May. This level was the base that propelled prices to 0.26000. From this high point 11-May, we witnessed a correction lasting more than a month. Total drop amounts to 36.9% (-37%). Size and duration » From 6 to 11-May we have 5 days. » From 7-April to 11-May we have 34 days...
Look at this... The charts reveal everything always before the event takes place. This happened yesterday on KuCoin, TFUELUSDT grew 185% but all the gains were removed. The peak happened at 0.09500. This means one thing and one thing only, there is no longer any resistance all the way up to that price. All the sell orders that were placed have been filled. This...
This one here is also a bull flag, a wide one and you know where prices are headed next. Let me ask you a question and be honest; do you have any doubts about what I am saying? You can answer in your own mind of course but just think about it. I say the market is bullish but consolidating. I say the market produced a retrace, in some cases a correction, which...
The bull flag is a popular pattern. Everybody who has seen a chart is familiar with this pattern. It is a continuation pattern. When I say that the correction is over I am not talking about the short short-term, I am talking about the bigger picture. Yes, bullish action is expected to start and intensify within weeks, no!, days. But still, with thousands of...
The market is set to resume growing, the proof is in the charts. Stratis (STRAXUSDT) was one of the first projects to move strongly after its 7-April low. Here you can see a 150% jump within 10 days. This type of move always reveals two things. The start of the next bullish cycle and the fact that the bottom is in. Both are one and the same. Once the bottom...
In April, FORTHUSDT produced a 200%+ bullish breakout in just three days. The market has been sideways since, consolidating and this consolidation means preparation before the next move which can be something similar. The market is clearly bullish because of the higher low. The major burst upward in early April confirms the bottom is in. A confirmed bottom once...
