AlanSantana
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Market conditions are always changing, so we need to be flexible in order to be able to adapt to change. XRP has been shaking... We had a bearish idea and yielded to commentators pressure (one great reason not to read comments) and went ahead to published a bullish idea; the chart was bullish at the time though. The bears came back and we published a new bearish...
The Bitcoin 2024 Halving is only 5 days away —according to CoinMarketCap— and this is truly a major event in this market. Bitcoin's halving has a huge effect on the entire Cryptocurrency market in a positive way. The halving is something good and was implemented as a strategy/feature/solution/technique to fight the highly feared and polarizing monetary inflation...
Hello my fellow Cryptocurrency lover, I am looking at the Bitcoin Dominance chart today at your request; let's see what the chart has to say! First, an introduction! The Bitcoin Dominance chart is an index, it shows Bitcoin's dominance within the Cryptocurrency market. This chart will not tell you if Bitcoin or the Altcoins are going down or up but this is...
The three black crows is the inverse of the very famous "three white soldiers" candlestick pattern. The three black crows is a pattern that may predict a change of trend, in this case, the end or reversal of the current uptrend. ➖ The week is not over so this pattern is still in the making; not complete, needs confirmation. Once the week closes, if it does so...
Have you ever seen a $50,000 Bitcoin? There has never been a Bitcoin at $50,000! I mean, there is no accumulation, consolidation or distribution phase around this level. Bitcoin has only dealt briefly with $50,000; this cannot be our main support. It can be our first stop but not the main one. Looking at this structure, the chart; it points toward a strong...
While Polygon is sure to take part in the first 2024 Cryptocurrency marketwide correction, this is only a short-term move. Short to mid-term to be more specific as this correction can extend and about this we will know more pretty soon. Polygon has been growing long-term, it is surely an amazing project. Cryptocurrency as a whole is something unique; a perfect...
Solana (SOLUSDT) is now trading below EMA10 weekly but we are going to be looking at a different signal right now, one that came out recently before last week's drop. Whale alert! — Whales are moving around billions of dollars worth of SOL. 👉 Transactions in the tune of $817M (2x), $782M and $682M are exchanging hands right now and the last time this happened...
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...
AAPL hit a new ATH recently, Dec. '23, slightly higher compared to July '23. The ATH, 199.62, came in modestly higher compared to January 2022. A four years long bearish divergence has been developing with the RSI, January again. Apple's weekly RSI peaked January 2020, by now, the divergence is four years long. Trading volume has been dropping since March...
This is the weekly timeframe for Bitcoin my dear friends and amazing supporters, look at this chart, it reveals everything. Bitcoin is the best invention since baked bread, I mean like literally. Bitcoin is the best thing invented since the Internet, for real. Bitcoin is the best thing that we've seen since the creation of money, we don't know how much...
➖ This is now a high probability trade-setup. ➖ The bearish potential is very strong. ➖ The down-move has a high probability to happen next. This is the situation we are in now after months and months of being too early but the market conditions will continue to evolve, fluctuate and change. We have three days red; first time since January. We are about to enter...
How do we know if this is a short-term drop (a retrace) or a long-term drop (a correction)? ➖ One way is to take into consideration the duration of the bullish phase and compare it to past history. ➖ Another way is to look at the proportion of the waves; a parabolic rise will always lead to a strong correction. ➖ An easier way is by looking at the trading...
The last time Solana (SOLUSDT) moved below EMA10 weekly coming out of a multi-year strong high, was back in November 2021. As soon as Solana broke below EMA10, a major bearish wave ensued... How are you doing today my fellow Cryptocurrency trader? I hope you are having a wonderful Saturday. Is there still hope? What do we need hope for in this type of...
Q: I want to know if Bitcoin will continue lower or bounce and recover to new highs? Here we have the 4h timeframe, can be used for short- to mid-term chart analysis. Let's see what it has to say. A: Bitcoin is moving lower. I shall explain. The 14-March drop led to MA200 being tested as support. MA200 as support holds and Bitcoin moves to produce a lower high...
This is only one signal, just one and this is one of the most simple and effective at the same time —how are you feeling today? The mother of all crashes, truly? There are always some mixed signals or mixed feelings when reading the Bitcoin chart: ➖ When the chart is clear, it goes the other way. ➖ When the chart is mixed, we don't know what to say. Either way...
All the descriptions can be seen on the chart. Here we are comparing two different patterns: 1) A continuation pattern with a flat structure; 2) A top pattern with a rounded structure. It is all quite revealing. ➖ The continuation pattern comes right after the initial breakout —perfect. ➖ The top pattern comes right after a major bullish wave —great. 👉 First...
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...
The Nikkei 225 Index (NI225) has been on a massive bull-run since 2008. Total growth goes beyond 470% from bottom to peak. ➖ The bottom hit late October 2008. ➖ The All-Time High (41,087.75) hit March 2024. As the NI225 hits a new All-Time High many bearish signals started to develop. To start, we have multiple weeks of bearish action. The classic rounded top...
