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BITCOIN, MASSIVE Head-Shoulder-Formation, Upcoming PossibilitiesHello, Welcome to this analysis about Bitcoin and the 2-day timeframe perspectives. With Bitcoin showing up with the heavy dumping to the downside a new and interesting structure established on the 2-day timeframe perspective in which I discovered important determinations that will be worthwhile to consider in the upcoming times. In recent times we see a lot of mixed news going on about Bitcoin with technological developments such as Bitcoin ETFs moving forward while there are other less positive news such as the regulatory pressure regarding Bitcoin increasing with many legislators and regulators shooting against Bitcoin. In this case, it is necessary to take a closer look at the situation and do not overspeculate the whole market into one direction, while inflation is increasing and jobless rates are at a near 50-years low with the lowest jobless rates in the US since 1969 this is almost a more bullish indication for financial assets that are inflation hedges such as Bitcoin however we should not underestimate the volatility going on with Bitcoin and look on where the journey is heading. Therefore as when looking at my chart now we can watch there what gigantic formation Bitcoin is now forming, this formation is actually a head-and-shoulder-formation with the left shoulder and the head already completed, and now as Bitcoin bounced back into the 140-EMA marked in red in my chart matching together with the neckline of this whole formation this is a likely origin for the major right shoulder to emerge from this point and continue to finalize the whole formation. The right shoulder bounce is likely to test the main remaining-resistance-cluster marked in my chart in red in the 60900 USD level from where a bounce to the downside has a high possibility to emerge which will complete the full formation. Essentially once the right shoulder has been formed and Bitcoin approaches the neckline in blue again it will be decisive on how Bitcoin approaches this level, when there comes a bounce the whole formation is likely to complete bullishly to the upside otherwise when Bitcoin increases bearish pressure and pullbacks below the neckline this will be a bearish completion of the formation and Bitcoin will project the targets to the downside, the same is made with a bullish confirmation, the bullish scenario has a possibility of 65% and the bearish one a possibility of 35%. For now, it will be paramount to keep patient and to await these suggested establishments before just rushing into the market, we will see how this evolves, it will be an important journey ahead. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
15
BTC small long and small short. sideways movement expectedTwo ways this market MUST go within this week. if you have a strong mind, like me, you can adopt the first option now, trading on the intar-day movement, using a trailing stop and lock profits at 3 percent with a very close stop loss of 3% also at a leverage of 4x, ie your activation price should be 3x but call back rate 1percent. if in case the trailing stop doesn't activate before the dump your stop loss will...or you wait for the 2nd triangle to dump in a few days. This is mainly based on wave analysis.
BINANCE:BTCUSD.P
by Drealcomputa
How BITCOIN Now Repeats The 2020 Corona-Crash-Dynamics!Hi Cryptocurrency Community, in the recent Bitcoin-Crash we have seen Bitcoin almost crashing down over 30% and losing nearly 20K in price-value, this was a heavy dump which we have seen on the daily chart with Bitcoin and it nearly send shock-waves out through the crypto community, this dump was not only technical also fundamental developments were pivotal for the traction in this dump as we have seen the regulatory pressure increasing and several countries launch more restrictions against Bitcoin. Although this dump was heavy on the daily chart Bitcoin had similar such dumps in the past already, one historical highly devastating dump was the 2020 Corona-Crash-Sell-Out in which the Corona-Pandemic shocks through all financial asset-classes caused a chain-effect and was the origin of the heavy bearish downside price-pressure we have seen catapulting Bitcoin from 10.000 USD to almost 4.000 USD. Prior to this crash, we have seen some very similar developments as we can see now with Bitcoin actually setting up the whole heavy dump before with the wave-count-structure, it is likely that insiders always had their hands in this development and therefore I am looking at the current dynamic and as I discovered Bitcoin is forming some very similar movements that can indicate the further developments. Bitcoin Corona-Crash-Dynamic-Repetition: Looking at my chart we can watch there on the left side the actual chain-effect Bitcoin set-up before the heavy corona-crash-dynamics showed up and pulled Bitcoin to the downside. This was all set up by a first downside-impulse marked in my chart in orange with the number (1), after that Bitcoin moved into a sideways-consolidation marked in blue with the number (2), and once this sideways-consolidation ended Bitcoin showed up with the heavy-dumping-phase on the corona-crash-pressure marked with the number (3) in red. Once the corona-crash-dumpings finished Bitcoin managed to recover above previously established resistance-trend-lines marked with the number (4) in green. Looking at the right side of the chart now we can watch these very similar developments already established with the phases (1) to (3) already completed and as Bitcoin now initially bounced in the main support-ascending-trend-line marked in blue this has a high likelihood to be the origin of the phase (4) the same way as we have seen it back in May 2020 with the corona-crash-dynamics. In this case, when Bitcoin bounces above the descending-trend-line in grey we can expect phase (4) to fully develop, after that it has to be shown how Bitcoin moves on and if Bitcoin manages to recover and move on similarly as we have seen it after the corona-crash-dynamics. Upcoming Determinations: Taking all these factors into the consideration nowhere it will be necessary to keep patient and to keep calm to await on how Bitcoin potentially continues with the recovery that should be expected in phase (4) of this whole dynamic. This is always a central philosophy which we also managed to execute in the Elite VIP Crypto Channels as we executed great trades on the short-side with BTC, ETH as well as in the Altcoin Section, therefore from a trading perspective when such volatilities come up in the market we need to be not panicky, in such situations we should see the opportunities within the market and do not hesitate to overspeculate the market. For now, Bitcoin has some high possibilities given to actually complete this whole fractal similarly as it was seen in 2020 however therefore it is important that Bitcoin actually continues with the right confirmations that are necessary as already suggested otherwise when this does not happen such a formation can also invalidate. From a fundamental perspective it is essential that governments not overregulate the cryptocurrency space and on the other side better embrace this newly innovational technology and actually lie the right grounds for a further technological development of Bitcoin and cryptocurrency, it will be an important journey ahead. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
38
BITCOIN, This CRUCIAL FORMATION Will Be THE Determining Factor!Hello, Welcome to this analysis about BITCOIN and the weekly timeframe perspectives. In recent times volatility in Bitcoin and the whole cryptocurrency space increased heavily and led to important pullbacks in Bitcoin and other pivotal altcoins in the market, we have seen the bearish news side increasing significantly with the Bitcoin ETFs approvals getting rejected by the SEC and old economy people such as Charlie Munger yelling against Bitcoin and Cryptocurrency, besides that we have seen scientific studies released that mentioned Ethereum with a better use-case than Bitcoin. All these events lead to increased turmoil in Bitcoin and Cryptocurrency and are an additional source of these heavy volatilities, in this case, now Bitcoin is forming a highly crucial formation that should not be underestimated, especially in the middle-to-long-term-basis this can lead to an even bigger pullback as we have seen it recently already, therefore, I discovered all the important levels and upcoming determinations we need to consider in this case. As when looking at my chart now we can watch there, Bitcoin forms this gigantic ascending-triangle-formation marked with the boundaries in black. In this triangle-formation Bitcoin has a coherent wave-count with the waves A to D already completed, now as Bitcoin tests the lower boundary of this gigantic ascending-triangle-formation this is a likely origin for a bounce to the upside and Bitcoin approaching the upper-boundary of the main ascending-triangle and completing the wave-count within there. When Bitcoin finishes this it has to not be kept from the side that Bitcoin has a huge resistance-cluster in this region where several resistances coming together which is marked in red in my chart, when Bitcoin approaches this zone a pullback will likely establish from where Bitcoin is set-up to complete this whole giant ascending-triangle-formation which will happen when Bitcoin finally breaks out below the lower boundary, such a breakout will be the origin for further bearish pressure and activation of lower levels ahead in the structure. Taking all these factors into the consideration here in any case it will be important to be properly prepared on possible upcoming volatilities even higher as we have seen it recently, especially when this whole formation completes in the structure this can become very real. Therefore we need to not keep the bearish perspective from the desk here and once this whole formation has been completed we can project further conclusions, in this case when the targets have been reached it has to be shown if Bitcoin manages to hold this zone and properly bounce off it or just sets up for a continuation. Taking this further if Bitcoin shows up with these establishments this does not mean Bitcoin will move on forever with this as there are still solid supports in the structure there is still potential for Bitcoin stabilizing however as this increased volatility now determined the Bitcoin way as traders it is important to catch such volatilities and do the best of it to consider the market on the long- as well as on the short-side, it will be an important journey ahead. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
28
BTCUSDT TO 43K!?! DISCLAIMER: I am not an experienced trader and solely publishing for feedback and to review my trade ideas once they have plaid out. Please feel free to offer your perspective and other scenarios! Recent April 21' - Jul 21' correction. -38.58%, 91d. 81.41% gain followed. Current correction: Started around November 9th and we are at approx. 28% below previous swing high close. We have since passed through 50, 128, and 200 EMA levels, as well as $49,075.88 support level. If we breakthrough $48,240.98 support, probability we see more downside is high. In that case, I have set my buy zone to $43-$44.5K. 1D Candle stick pattern in April 21' - Jul 21' correction overlaid onto chart and adjusted as this sell-off is not as aggressive. As you can see, there are a few swing trade opportunities before we strap in to test the last run. 1. Target date for entry: End Jan/early Feb 22’ (90d) 2. Target date pattern play out: Spring 22’ 3. Price Target (Bollinger 1D; conservative) $62,681 4. Price Target (pendant; aggressive, new ATH): $71,189.05 In the Jan 18’, July 19’, and April 21’ corrections, the recovery decreased significantly in the latter. That said, even if a replica, we will not see the price go to $100K but rather just shy of $80K.
Long
by TaneeshaG
BITCOIN AFTER THE DUMP, Important Determinations!!Hello, Welcome to this analysis about Bitcoin and the 12-hour timeframe perspectives. Recently Bitcoin heavily dumped to the downside because several factors technical as well as fundamental came together and moved into this heavy bearish acceleration to the downside. We have seen old economy investor participants shooting against Bitcoin such as Charlie Munger who yells at Bitcoin and compares it to the Dot-Com bubble, besides that regulatory pressures in several countries increased the SEC continues to reject Bitcoin ETFs, all these factors giving fuel for this heavy dumping to the downside which occurred. Now as Bitcoin moved on with these bearish volatilities it formed a pivotal structure from where further assessments need to be done, therefore I discovered all the important levels and upcoming determinations that are highly inevitably pivotal to consider in this case. As when looking at my chart we can watch there how Bitcoin dumped right away into this main support zone between the 42.350 and 43.450 USD level which is a crucial support to hold here, besides that Bitcoin moved on with the first wave-A in the structure and now as Bitcoin initially found support an initial bounce to the upside is likely nevertheless when this bounce moves on it will test remaining resistances in the structure which Bitcoin has within resistance-cluster where several resistances such as the descending-resistance-line, the ascending-resistance-line, the 200-EMA, and the 20-EMA coming together. There is a high likelihood given that when Bitcoin moves into this zone there comes a pullback to the downside as this resistance is just to strong. Taking all these factors into the consideration when Bitcoin moves on with the wave-B development as it is shown in my chart it will be important how Bitcoin moves on after this because when the pullback comes as suggested this will form the wave-C in the structure in which Bitcoin is likely to test the remaining supports from where a bounce can occur however when Bitcoin does not hold this support sustainably and bounces below it as it is shown in my chart this will lead to a bearish continuation downward and the wave-C-extension in the bearish-continuation-zone. Therefore, with these objections it will be highly important how Bitcoin continues with the wave-count here before moving on to further determinations, for now, we should not underestimate the bearish possibility here and keep prepared for potential further volatility, it will be an important development. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "The high destiny of the market is to explicate rather than to speculate." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
24
Weekly BTC Chart still BULLISH There seems to be a lot of FUD being scattered around about $BTC. Most of the FUD is probably coming from the traditional stock markets and government officials but look at the weekly chart and tell me where the problem is? On our chart just focus on the 4 YELLOW arrows pointing up right on the uptrend line going back to July 2021. $BTC has now formed 4 higher lows since July on this Weekly chart. A Higher low is one of the very basic patterns that most traders and investors will agree is a very bullish pattern. So we've now had 4 Higher lows so please stop with all of the FUD. New Highs are still in the cards before year end so let's stay focused on the prize. If you would like us to review a certain chart for you just DM us and we'll see what we can do for you. Disclaimer: please also DYOR!
BITSTAMP:BTCUSDLong
by TradingBTC1
4
BITCOIN, Potential For A Great INVERSE HEAD-SHOULDER-FORMATION!!Hello, Welcome to this analysis about BITCOIN and the 4-hour timeframe perspectives. In recent times we have seen important determinations going on with Bitcoin as it increased with short-term bullish volatility in the structure to bounce off the 54000 USD level and now moved into an interesting constellation in which it is developing a pivotal formation as I discovered. Therefore as when looking at my chart, we can watch there how Bitcoin is now about to finalize this whole inverse head-shoulder-formation with the left shoulder and the head already completed and now with the right shoulder to likely complete within the upcoming times. In this case, it is highly necessary that Bitcoin rightly holds the blue support-cluster-zone marked in my chart and appropriate bounce to the upside from there because when this does not happen and Bitcoin just falls below this structure it will invalidate the whole formation however when Bitcoin manages to bounce within this zone and after that manages to bounce above the neckline it will complete the whole inverse head-shoulder-formation and Bitcoin will have the ability to build on activating upside-targets at the 65000 USD level as shown in my chart, once this zone has been reached the situation needs to be elevated anew, it will be an important development ahead. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "Good fortune is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
16
BITCOIN, Develops Main BROADENING-WEDGE-BOTTOM-FORMATION!Hello, Welcome to this analysis about Bitcoin and the 4-hour timeframe perspectives. As I discovered Bitcoin in recent times is developing important formational structures that are decisive for the upcoming determinations and objections Bitcoin will have the ability to show up with. As already mentioned in the previous analysis Bitcoin has already developed this massive broadening-wedge-formation on the 12-hour chart which has the ability to complete when Bitcoin now manages to bounce appropriately within the structure and in this context I detected an underlying formation Bitcoin is forming here that will be decisive in the next determinations, therefore, I discovered all the important levels, structural formations and upcoming determinations we need to consider. As when looking at my chart we can watch there how Bitcoin is now about to finalize this whole broadening-wedge-bottom-formation with the waves A to E almost already completed within the wedge which were important for this whole pattern. And now as Bitcoin manages to bounce within the lower-boundary of this broadening-wedge-bottom-formation this is actually the origin for further developments and an appropriate bounce above the upper-boundary of this broadening-wedge-bottom-formation. When Bitcoin finally bounces above this boundary to complete this whole reversal-formation it will be the great source for further continuations to the upside and it actually will activate the target-zone at the 64350 USD level marked in blue in my chart. Taking all these factors into the consideration now it will be highly necessary for Bitcoin to show up with the proper confirmations before further conclusions can be made, this is pivotal because otherwise, this whole formation can still invalidate when Bitcoin does not manage to complete the right confirmations. From the fundamental news perspectives there are still greatly bullish factor evolved within this market with such as the Bitcoin ETFs getting approval and institutional investors interest in Bitcoin increases which still leads to more price-manipulation and rigged-Bitcoin activities, therefore it is inevitable to look for these patterns and spot the reversal with the appropriate preparation as we have done it with Bitcoin at its all-time-high manipulated reversal. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
14
BITCOIN (BTCUSD) – Week 48 – Bigger correction?In our previous analysis Bitcoin behaved as expected and made a bigger correction that reached the second support level marked on the chart at $53k. For this week we see 2 possible scenarios marked by the 2 arrows on the chart. The orange pathway shows us a correction to the upside followed by another impulsive wave down and the blue pathway shows us a break of the blue trendline which will give a higher probability to the bullish scenario for Bitcoin. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
BITSTAMP:BTCUSD
by financialflagship
6
BITCOIN, Develops GIGANTIC Broadening-Wedge-Formation!Hello, Welcome to this analysis about Bitcoin and the 12-hour timeframe perspectives. In recent times Bitcoin developed a highly decisive structure in which it increased with volatility moves in the whole development and is now as I discovered is forming a highly decisive formation that will lie ground for the upcoming determinations in a profound manner. We have seen a lot of mixed news within recent times from Bitcoin-ETFs getting final approval by authorities which are more bullish signs to regulatory pressure that keeps accelerating which are more bearish signs, in this case now it is highly necessary to also look at the technical side of things and to derive the appropriate determinations of it which I am doing now in this analysis. As when looking at my chart now we can watch there how Bitcoin is building this massive ascending-broadening-wedge-formation with the boundaries marked in black and the coherent wave-count within the formation which already completed the waves A to C in the structure, the next wave D is now about to complete and when this wave has been completed within the lower-boundary of the broadening-wedge-formation there is a high possibility given that Bitcoin shows up with the wave-E from this point which will be marked when Bitcoin appropriately bounces within the lower-boundary and the 200-EMA lying there marked in red, once this final wave-E has emerged it will be decisive on how it continues from thereon. Taking these factors into the consideration with the expected wave-E to emerge and to finalize the whole wave-count will be determined on how Bitcoin continues with the wave-E and how it manages to break out above the upper-boundary of the wedge-formation, when this breakout happens with a strong bullish move and Bitcoin manages to stay above the upper-boundary it will show the final setup for further continuations and the setup for a wave-E-extension to the upside, when all these great developments happen Bitcoin will activate the upper-target-zone marked in blue as a target and once this zone has been reached the situation needs to be elevated anew, it will be an important development ahead. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "Good fortune is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
61
BITCOIN, Develops Decisive DIAMOND-BOTTOM-FORMATION!Hello, Welcome to this analysis about Bitcoin, we are looking at the 4-hour timeframe perspectives. Since Bitcoin recently heavily increased with bearish price-action to the downside after marking the all-time-high at the 69.000 USD level and pulling back into the range it continued further to the downside till it now recently approached the remaining 55.500 USD level where it initially bounced and is now forming an interesting formation in this whole structure which I spotted and which will be decisive in the upcoming times, therefore, I discovered all the important levels, structural developments and upcoming determinations we need to consider with Bitcoin in this established structure and the upcoming movements ahead of the next times. As when looking at my chart now we can watch there how Bitcoin is forming this main diamond-bottom-formation marked in the orange box. Besides that we can see there that Bitcoin already bounced within the 500-EMA in red and also confirmed this ascending-trend-line marked in dashed grey as appropriate support. As Bitcoin continued now with the bouncing in this zone and setting up of the diamond-bottom-formation it is forming a wave-count within this formation in which it already completed the waves A to C in the structure with the waves D and E remaining now, therefore, when Bitcoin finally completes this whole pattern it will be the origin of a great bounce to the upside which will be confirmed with a breakout above the upper-boundaries. Taking all these factors into the consideration it will be now important on how Bitcoin moves on further and how it potentially completes this whole structure, therefore it is necessary that Bitcoin rightly shows up with the bounce above the upper-boundary of this whole constellation, when this happens the upper target-zone at the 64500 USD marked in blue will be activated, once this target-zone has been reached it has to be elevated how Bitcoin continues from there and if there comes a bullish continuation or Bitcoin firstly reverses to test lower levels and form the next formation in this case, therefore, for now, we will see how these developments move on further and if Bitcoin manages to complete this whole formation rightly in the schedule, it will be an interesting development. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "Great fortune is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
40
BITCOIN, This PATTERN Can Be Origin To 87K TARGET-PROJECTION!Bitcoin in recent times showed up with bearish breakdowns to the downside as expected and increased heavily with bearishness, it was a great condition for us to achieve profits appropriately on the short-side within the Elite VIP Channels. From the fundamental news perspective we have seen several different and mixed news such as El Salvador looking to build a Bitcoin-city or the first Bitcoin-ETF emerging which are more bullish-sided news to news such as Sweden to ban crypto mining or further regulatory pressures on Bitcoin and Cryptocurrency which are more bearish-sided news, overall the bearish sentiment overweighted especially with the manipulations going on by the big players and smart money market makers as already mentioned. Nevertheless now as Bitcoin showed up with these bearish alignments there is an important pattern forming that I discovered which when completed can catapult Bitcoin into exponentially high spheres and bullish volatility conditions, therefore I discovered all the important levels and upcoming determinations. Looking at my chart we can watch there how Bitcoin is now forming a second time a very decisive pattern which is the breakdown below the EMA-structure below which it is now attempting to form a similar triangle as already seen before, the last times Bitcoin did so this was the origin of a strong bullish breakout above the EMA-structure and a continuation to the upside with bullish volatilities to finally reach out the 1.618 Fibonacci-projection. Such a same pattern is forming now as well and when Bitcoin manages to breakout above the EMA-structure in a volatile manner the pattern has a high likelihood to show up similarly again. What is also different in this case is the RSI-triple-bottom-structure and the stochastic-RSI-double-bottom-structure forming, an appropriate bounce would complete the triple-bottom in the RSI and the double-bottom in the stochastic-RSI which will be an extra bullish confirmation for the further volatility developments ahead of the next times, in this case, it will be an interesting development on how these conditions move forward. Now, when looking at the facts we can see here there is the potential for Bitcoin to start a considerable bull-run when this whole pattern completes however what is highly important here is that Bitcoin needs to right finish this pattern with a SOLID bounce because otherwise, such a pattern can also invalidate again, this is always necessary for any contemplation in the markets, we are always trading what we SEE not what we THINK, we do not overspeculate the market into a one-sighted direction this means we have an outlook into the possible scenarios in the market without just preferring one direction, at least this is the approach for us in the Elite VIP Channels. In this case when Bitcoin completes this whole structure which has a high likelihood given now this will bring the fuel for Bitcoin to continue and activate the 87150 USD zone as a target-zone. For now, we need to keep patient and see how this whole pattern possibly completes before jumping to further conclusions, it will be an interesting development ahead.
by VincePrince
33
BITCOIN (BTCUSD) – Week 47 – Is the correction over?In the last week Bitcoin made the bigger correction that we were expecting. For the next week we see 2 scenarios happening. The first one is a corrective move up to the resistance area and another move to the downside that will retest the support area at $53k and the second scenario is a move upside to the blue trendline marked on the chart. If the price breaks the trendline and consolidates above we have a very high probability of breaking the previous top. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
BITSTAMP:BTCUSD
by financialflagship
BTC, Potential To Complete This FLAG-FORMATION-FRACTAL Anew!Hello, Welcome to this analysis about Bitcoin, we are looking at the 12-hour timeframe perspectives. In the recent times since Bitcoin formed this major decisive bear-trap above the all-time-high and we have seen the rigged-bitcoin-dynamics Bitcoin pull back as expected and continue bearishly to the downside increasing with heavy bearish volatility. This was a great determination for us in the Elite VIP channels to achieve some great profits on the short-side not only with Bitcoin and Ethereum but also with other important cryptocurrencies. Nevertheless, in this current dynamic, I discovered an important structure forming for Bitcoin that actually has pivotal similarities with the previous fractal forming, therefore I detected all the important levels and upcoming determinations we need to consider in this case. As when looking at my chart we can watch there how Bitcoin is trading within this huge massive ascending-channel-formation and bouncing off the lower- and upper boundaries. Besides that Bitcoin already previously completed this main bull-flag-formation-fractal once in the structure with the central elements forming within the formation and the main ABC-wave-count forming within to pull back off the 45-EMA and the 50% Fibonacci-retracement before the final bounce in the structure and breakout above the upper-boundary of the bull-flag-fractal-formation could occur with Bitcoin actually pushing forward to main higher levels in the structure, such a very similar fractal is forming now in the structure with the wave A almost completed and the further wave B and C to follow up. Taking all these factors into the consideration now it will be highly decisive on how Bitcoin continues further here, therefore, when the wave-count continues to develop with the wave-B and wave-C remaining exactly like in the first fractal it will be decisive on how Bitcoin approaches the main support-cluster marked in orange in my chart. If Bitcoin manages to bounce in this main support-cluster and continue bullishly to form a breakout above the upper-boundary of the bull-flag-formation-fractal this will be the origin for further bullish continuations with Bitcoin having the ability to reach out higher levels, however, in this current situation we need to keep patient and await the final completion-steps before the final conclusions can be made, in this manner, it will be an important development ahead. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "Great fortune is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
24