My Daily Bitcoin Chart - $50,000 BTC??? (For your entertainment)

BITFINEX:BTCUSD   Bitcoin / Đô la
I want to share different today. I want to share my daily Bitcoin chart with you, simply for your own entertainment and maybe some learning...
It is up to you what you do.

I am really hoping that you can enjoy it. Let's see what I have ready for you.

In this chart you can see some important support and resistance levels, in the short and longer term.

Also a possible sideways channel, which I want Bitcoin to trade in, this would be good for the long term value of this coin, and this will help materialize our dream of getting to 50k Bitcoin at some point (end of the year). Or this this too optimistic? Well, $5,000 per Bitcoin at the end of 2017 was really optimistic as well, and we ended up with $20,000 and now people cry when the price goes down to $8,000 for one day.

You see how this works? BITCOIN IS GREAT!

Ok, back to the chart:

- Support levels, according to my tools and daily chart on BitFinex:
(1) $8,200 - $8,400
(2) $7,200
(3) $6,000

- Resistance levels, according to... Me, Alan Masters:
(1) $9,250 - $9,600
(2) $10,420
(3) $11,800
(4) $14,600
(5) $16,950
(6) $20,000

Is that it? Yes, that's it. But let me share something first, before I move on to do some money making work.

### MESSAGE: What is money?

Sometimes we get really confused about money and how to achieve it and receive it.
Sometimes we have many opportunities, but somehow we tend to miss it.

Imagine visiting Trading View and having access to several different trades.
You browse through the pages, you are looking for something that can make you earn.

You make a list of 5 different coins/trades, that you would like to join.
You base this on your own understanding, the analyst and the name of the coin.

Ok, you've made your decision, this is the one where I will put the most.
All the trades that were ignored start to make money, but the one I chose, somehow, starts to go wrong.

What the heck is money and why do I have to choose the "wrong" trade?
This is the question that will come to your mind, when you figure out that you always go the wrong way.

Money is energy, and that is the first thing to understand.
So if you want to increase your holdings of money, you have to start by working on yourself.

Bình luận: This is how I wanted the chart to come up... without the indicators:

(Red line marks the start of new energies...)
Bình luận: Bitcoin strong bounce on the 4 hours chart:
Bình luận: Looking at the "Bollinger bands", they hint at us staying within our "possible trading channel".

I don't mean to say/predict what Bitcoin will do when I drew this "possible trading channel", but instead that it is possible that Bitcoin will trade within it and that it is beneficial for us traders looking for Bitcoin to reach new highs by year end.

Here is the daily chart:

- Right now we are testing several different support levels. If these levels hold, we consolidate and try to move up and challenge the next resistance. If these levels do not hold, we go down and test the next one.

- If the $8,200 - $8,400 support level is tested and does not hold, then we go further down to test the next support level. So far, it seems that these levels will hold for at least several days before stronger signals tells us if we will either go up or down.

- To go down lower, we need to break the 200SMA line on the daily chart, the orange dotted line, the Fib retrace level support. So we have to break three different strong support points, according to my tools, in order to move down to the next one.

- To move up, we need to first break the $9,250 - $9,600 range and close above it on the daily and then challenge the 50SMA line and other resistance point.

With so much pressure coming either ways, I believe we need some sideways action before we can clearly decide what comes next.

We can guess, with a 33% accuracy rate, or we can look at the chart and decide based on what we have in front of our face.

If you want to trade Bitcoin, buy when we hit support, sell when we hit resistance. Pretty simple... To me!

Thanks again for reading and commenting.
Thanks again for the likes, follows, share and support.

You know that we love each other.
Because love is what makes us strong.

Enjoy your night and day...

Bình luận: We are only a few weeks away until we see Bitcoin "back on track". So just watch, sit back and relax, as we will have plenty of fun, when the bull market is back.

But we have to finish the month first, a period of "preparation", so that we can start to move up strong and then finally completely change this situation.

In the meantime we are bearish, until we close above the strong resistance that have been putting pressure.

This is easy, we just have to wait until the end of the correction.

According to the long term view of Bitcoin on the daily chart using the "Log scale", we never broke the downtrend from December, here is the "proof" once again (big strong bold red line)...

Let me know when this one is broken...
Bình luận: Resistance and support levels updated to add the ~$13,520 resistance level.
These levels can be used long term.

- Support levels, according to my tools and daily chart on BitFinex:
(1) $8,200 - $8,400
(2) $7,200
(3) $6,000

- Resistance levels, according to... Me, Alan Masters:
(1) $9,250 - $9,600
(2) $10,420
(3) $11,800
(*) $13,520
(4) $14,600
(5) $16,950
(6) $20,000
Bình luận: The monthly chart:

Adding another support level to the long term support and resistance levels list:

- Support levels:
(1) $8,200 - $8,400
(2) $7,200
(3) $6,000
(*) $4,200

- Resistance levels:
(1) $9,250 - $9,600
(2) $10,420
(3) $11,800
(4) $13,520
(5) $14,600
(6) $16,950
(7) $20,000
Bình luận: The "Bollinger Bands" were right, we bounced right off the bottom of them to remain within these...

Here is the daily chart with the bands:

The 4 hours chart is also looking pretty good. Nice bounce. Good volume. If this continues we will have a nice close this week which is great in my opinion, as this can support sideways movement and consolidation which is better than going down.

Here is the chart:
Bình luận: Bitcoin is looking good today.

Here is the updated daily chart:

- I am using the "Log scale" view because it explains why we are still having so much pressure even after breaking the December down trendline. This trendline is broken when looking at the "Linear scale" view (orange dotted) but not when using the "Log scale" view tool.

- If the down pressure was being put on Bitcoin by this trend line, then you would assume that the price would fly, up, once it was broken. So looking at this perspective actually gives us some answers as to why we are still hovering around these price levels and what needs to happen to enter the next price range.

* You can save this trade idea for visiting later. Here you have long term support and resistance levels, as well as my "possible trading channel". Which is the light blue sideways channel that I drew on the main chart above.

For any additional updates on Bitcoin, I will be posting a new trade idea.

I really want to thank you once more for taking the time to come here and read my thoughts. Share yours with me and assist me by liking, following and sharing.

Your continued support is highly appreciated. I love you for that, and I will always be grateful.

Thanks again for reading...

And remember... YOU DESERVE THE BEST!


(Binance, Telegram, BitMEX, Chat, Support, Training & More)

✅ (AMC) Telegram Signals

@alanmasters Salutation and velediction! Love your messages first, second TA, and third hard work. Getting suckered in by your zen message was a slap to the face and a very respected community. I was a follower of you for a time being, even though most of your calls were wrong in the bear season. You knew that and continued to makes calls. You withdrew your calls several times being back and forth, and still made calls causing a lot of people to lose out there hard earned dollars. I don't appreciate giving you $800 on your gold membership for the same information everyone else is getting for free on trading view about 5 minutes after gold members receive it. And no I'm not spending the twice the price for your top level member at almost $2000. I've commented, and lots others, commented on your gold member private chat voicing the same concerns with no response from you. And your team mates just say upgrade LOL.... give me a break. Coming from a similar consciousness space, (which I feel is front now by you), I feel its important to looking out for others. I don't feel right about what your doing with the level or service your providing. Its simply greed that has taken over, and a scam of your services. There fore, I have a something for you.

The greed of gain has no time or limit to its capability of containing a large quantity; Its one object is to produce and consume. It has pity neither for beautiful nature nor for living human beings. It is ruthlessly ready without a moment's hesitation to crush beauty and life.

Phản hồi
What happened with this treading channel? Lol. You got so happy when your candle bounce off the bottom didn’t you?
Phản hồi
Hello Alan, may I ask your thoughts about the daily 50/200 EMA ?
Phản hồi
Can you please look into Dragon Chain?
It has in downtrend for so long now. Please have a look. It would be really helpful if you could post a chart on it.

Thank You.
Phản hồi

It is natural to have such confusion in a market realized through human psychology. However, it is clear that there is a beautiful trend in the square. I am delighted to examine my writing.
+3 Phản hồi
I recently signed up here on Trading View and it's a pleasure to have stumbled upon your feed.

I love your message about "What is money?" and especially - "Money is energy, and that is the first thing to understand. So if you want to increase your holdings of money, you have to start by working on yourself."

Sometimes when I'm reading, 'truth' just pops right out at the right time. This morning was one of those times. Thank you Alan ((((om))))
Phản hồi
Hi Alan. Look @ this analysis here: according to our result, the bitcoin will face new lower lows... what do you think about that?
Phản hồi
About your section " ### MESSAGE: What is money? " I would add this : We have to create the money, not just work for
Phản hồi
comments are pure aids, thanks for all the coke-head charts boys
+3 Phản hồi
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