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Bitcoin New All time high Or this is Retest Attempt ..?#BTCUSDT Update:- $BTC almost hit our Head & Shoulder pattern Target. Now…? Now Bitcoin Trading at $44800 And This Resistance will depend New All time high. So $45000 is strong resistance level. I am not talking about Short Positions. If break out $45000 then we can see Bitcoin New All time High. In daily time Frame MACD also Bullish crossed over. Is this Retest level or Breakout attempt..? Support:- $40700/$37700 Resistance:- $45000 Please click like button and Appreciate my hard work. Must follow me for latest crypto real time updates. Thank you…?
Long
by CryptoPatel
10
ETHvs BTC - BinanceENGLISH ETherium vs bitcoin is bullish tinged. Very nice price action currently on display Trading ranges indicate to us that we are on support and moving towards initial resistance around and around the EQ and main purpose here on the daily is trading range resistance suits around 92000 sats ish. we also leave the double trading range bands (strong signal). OBs also indicate here that we are on support, Suds is not a zone of many conflicts here, 50/50 bear/bull. I will take this out of our game plan for a moment. Momentum low also indicates buy, only the slope of the green band is horizontally to slightly down debilitating, favoring the bulls so with some vigilance (due to the tires of the momentum meter). Paternwise has a high chance of a bull flag/pennat brake out, here is the key zone for attachment 79900-80000 sats zone, close above it imo the ignition is up to a massive run. and then as a last layer we use the VPVR, again, confirmation of a thick and important zone, where we find ourselves in 1 of the larger volume nodes currently as support also acting. Given the data layers us continue to guide in the bullish direction, our game plan is next. *no financial advice and always dyor DUTCH ETherium vs bitcoin is bullish getint. Zeer mooie prijsactie momenteel te zien Trading ranges geven ons aan dat we op steun zitten en vertrekkende richting eerste weerstand om en rond het EQ en hoofddoel hier op de daily is trading range weerstand pakken rond 92000 sats ish. ook verlaten we de dubbel trading range banden (sterk signaal). OBs geven ook hier aan dat we op steun zitten, Suds geen hier een zone aan van veel conflicten, 50/50 bear/bull. deze neem ik dan ook even buiten beschouwing in ons gameplan. Momentum laag geeft ook hier buy aan, enkel nog de slope van de groene band is horizontaal tot lichtjes down slopend, favoring the bulls dus met enige waakzaamheid (ivm de banden van de momentum meter). Paternwise een hoge kans op een bull flag /pennat brake out, hier is de key zone voor bevestiging 79900-80000 sats zone, close erboven is imo de ontsteking tot een massive run. en dan als laatste laag gebruiken we de VPVR, ook hier bevestiging van een dikke en belangrijke zone, waar we ons bevinden in 1 van de grotere volume nodes momenteel als steun ook fungerend. Gezien de data lagen ons blijven gidsen in de bullish richting is ons gameplan volgende. *no financial advice and always dyor
Long
by MyPileus
BTC, Triangle-Formation, Higher Likely Bullish Breakout!Hello, Welcome to this analysis about Bitcoin and the 6-hour timeframe perspectives. Bitcoin in recent times has formed important developments as I discovered, especially it is establishing an important formation in this whole structure which can lead to a volatile breakout once confirmed. in the current situation, it is necessary to await to appropriate validations before moving finally into a dedicated direction because this formation can also completely bearishly to the downside. In this case, now I discovered all the important levels, formational structures, and upcoming determinations we need to consider within the upcoming times. As when looking at my chart we can watch there how Bitcoin has formed this massive descending-channel-formation, this channel is also piercing this ascending-trend-line to the upside in which Bitcoin recently found support and bounced several times off the trendline. Besides this ascending-trend-line Bitcoin has also this descending-trend-line therefore Bitcoin is forming a doubled support in this area here. Above these supports Bitcoin is developing this main triangle-formation with the coherent wave-count in the formation and the waves A to D already completed, now as Bitcoin again found support within the descending as well as ascending-trend-line there is a good potential to bounce from this zone. When Bitcoin properly bounces in the given area and rightly increases with bullish demand this will lead to the completion of the triangle-formation when Bitcoin breaks out above the upper boundary of it, in this case, it is highly necessary that Bitcoin does not invalidates this triangle with a bearish breakout to the downside because such a breakout will invalidate the bullish case and will increase bearish dynamics in the bearish-continuation-zone. As it is most often pivotal we now need to keep patient till certain suggested confirmations and validations show up before moving in the right direction. When Bitcoin completes the triangle and breaks out the channel a realistic target will be around the 47720 Usd area. 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
21
BITCOIN Making A Massive Triangle AGAIN? Hello,Traders! BITCOIN has a habit of trading in triangles Small and big ones on different timeframes And Now one can see That the coin might be forming its biggest triangle yet Which implies that it will keep bouncing off the 28k level But each of the rebounds will be less and less powerful Until something happens and we see a breakout Either to the upside or the downside But if the triangle hypothesis is correct Then we are currently entering a bear leg of the market Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
BITSTAMP:BTCUSDShort
by TopTradingSignals
16
BITCOIN, Major FLAG-FORMATION Set To Alter Upcoming DYNAMICS!Hello, Welcome to this analysis about Bitcoin and the 2-day timeframe perspectives. In recent times there evolved significant changes in the cryptocurrency space, there is a lot going on and highly mixed developments from a fundamental viewpoint. From a technological view, Bitcoin is moving forward and making progress in different fields such as Twitter adopting the new Bitcoin Lightning Tipping Feature allowing users to tip Bitcoin in this social media platform or Robinhood the broker that is well known for the wall street bets short-squeeze launching a cryptocurrency wallet that is likely to drive new users and volume into the market. These are all great developments going on and showing that Bitcoin is not standing still and is moving forward however from the regulatory side there is increased pressure such as Binance shutting down cryptocurrency trading in the Netherlands, Germany, Italy, and also Singapore which are normally countries that do not have major restrictions against cryptocurrency, there can be a connecting to the China FUD (Fear-Uncertainty-Doubt), although Bitcoin every time recovered from these aggressive restrictions this can be a central driver of bearish supply moving in here, this does not mean Bitcoin is completely bearish however it should be watched with an attentive eye especially when volatility in the market should increase again in the next developments. In this manner, when looking at my chart we can watch there how Bitcoin has formed this massive ascending-channel within the structure and within the major descending-channel which is also pivotal in this relation. Bitcoin in this main ascending-channel has developed a coherent wave-count with the waves A to C almost completed, now with Bitcoin moving into the lower boundary and also testing the 100-EMA in red as well as the 65-EMA in green this is a crucial development as this can actually be a wave-D in the structure or just the weakening of these lower levels. In this case it is possible that Bitcoin shows up with a initial bounce here as it is marked in my chart which will firstly move on to test the main local resistance marked in my chart in red, when Bitcoin does not have the ability to close above this resistance it will lead to the pullback and reversal in this area, otherwise when not Bitcoin will have the ability to move higher and form the second scenario to approach the main upper-resistance-barrier also marked in my chart. Both scenarios are likely to lead to pullbacks because resistances are still given and Bitcoin did not yet showed significant bullish signs. When these pullbacks develop either with scenario 1 or 2 this will lead to the completion of the channel as a flag when Bitcoin breaks out below the lower boundary, in this case the approaching of the main lower-support-zone will be likely from where Bitcoin will have the ability to stabilize again and built up, this level will be important to hold because bearish pressure will increase further below. Therefore we need to keep in mind here that these dynamics are still given and should not be underestimated, therefore it is best to properly recognize that such developments can happen and prepare on it to profit of coming opportunities resulting out of it as sophisticated traders to and as we realized it in the VIP channels. 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
34
BITCOIN (BTCUSD) – Week 39 – Critical area at the trendlineChina is banning all cryptocurrency-related transactions, even for those made via crypto exchanges based outside of China, as the country steps up its crackdown on what it calls a sector that has disrupted the economic and financial order. The People’s Bank of China (PBOC), along with a few other authorities, said in a notice dated Sept. 15 but released only this afternoon that cryptocurrencies — including Bitcoin, Ether and Tether — do not hold the same legal status as fiat money and should not circulate as currency. As reported by BTCManager earlier in July 2021, Square and Twitter CEO Jack Dorsey hinted at making bitcoin (BTC) an integral part of the Twitter business model. Fast forward to September 23, 2021, and the firm has taken a major leap in that direction by rolling out the bitcoin (BTC) tipping feature for its iOS users globally, making it possible for them to add their Bitcoin and Lightning wallet addresses to their Twitter profile. The team has also hinted that the non-fungible token (NFTs) verification feature is in the works. Technically, following last week’s report, Bitcoin broke the top once again piercing through the resistance area but failed to consolidate and continue higher. After that, the price reversed sharply breaking the support area that was marked on the chart. For this week we see a continuation higher, with the price reaching the orange trendline marked on the chart. After that we must study the price action to determine what the next move will be. We advise caution. 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
1
AVAXbtc - BinanceAVAX vs bitcoin ENGLISH yes man, nice price action, solid in uptrending. so picking up this guy is not an easy job. Nevertheless, we manage to find a nice and safe setup in my eyes. We are filled is of course the question, but when we are filled there I am quite satisfied to do it on our first and 2nd zone. Do you want to know how I get there? Do watch the live TA video via the link below. subscribe to our trading view channel here and give it a thumbs up. Thanks for the little effort that makes a world of difference to us :-). Keep you good and strong and until the next DUCTH ja man, mooie prijsactie, stevig in uptrending. dus deze jongen oppakken is geen gemakkelijke job. Toch slagen we er in om een mooie en safe setup te vinden in mijn ogen. Worden we gevuld is natuurlijk de vraag, maar als we daar gevuld worden ben ik best wel tevreden om het op onze eerste en 2de zone te doen. Wil je weten hoe ik er aan kom? Wel kijk naar de live TA video via de link hier onder. abonneer je hier op ons tradingview kanaal en geef het een duimpje up. Thanks voor de kleine moeite die een wereld van verschil maakt voor ons :-). Hou je jullie goed en sterk en tot de volgende
Long
by MyPileus
AVAXbtc - BinanceAVAX vs bitcoin ENGLISH yes man, nice price action, solid in uptrending. so picking up this guy is not an easy job. Nevertheless, we manage to find a nice and safe setup in my eyes. We are filled is of course the question, but when we are filled there I am quite satisfied to do it on our first and 2nd zone. Do you want to know how I get there? Do watch the live TA video via the link below. subscribe to our trading view channel here and give it a thumbs up. Thanks for the little effort that makes a world of difference to us :-). Keep you good and strong and until the next DUCTH ja man, mooie prijsactie, stevig in uptrending. dus deze jongen oppakken is geen gemakkelijke job. Toch slagen we er in om een mooie en safe setup te vinden in mijn ogen. Worden we gevuld is natuurlijk de vraag, maar als we daar gevuld worden ben ik best wel tevreden om het op onze eerste en 2de zone te doen. Wil je weten hoe ik er aan kom? Wel kijk naar de live TA video via de link hier onder. abonneer je hier op ons tradingview kanaal en geef het een duimpje up. Thanks voor de kleine moeite die een wereld van verschil maakt voor ons :-). Hou je jullie goed en sterk en tot de volgende
Long
by MyPileus
BTC, Builds GIGANTIC Trianlge- Or Bull-Flag-Formation!Hello, Welcome to this analysis about Bitcoin and the weekly timeframe perspectives. In recent times Bitcoin is still holding above the 40.000 USD which is initially a good sign however there are also still strong resistances above in the structure and in case Bitcoin pulls back from these this can lead to a move below the important psychological level of 40.000 USD again, in this case, it will be crucial in terms of the main formations forming for Bitcoin I spotted. The news is more positive for Bitcoin as Robinhood the well known online broker is launching its cryptocurrency wallet services and the congressman of Paraguay announced that he is going to make Bitcoin an official currency, all these developments showing Bitcoin is fundamentally moving forward and in this case, the actual price-action-developments are also pivotal therefore Bitcoin has to process the good news and convert it into the necessary demand boost, in this manner I detected two main potential formations to keep an eye on. Looking at my chart we can watch there Bitcoin moving in this massive high-base formation with the developments above the 100-EMA in red as well as the 65-EMA in green. Above these pivotal reference-levels Bitcoin is forming this massive potential triangle-formation with the coherent wave-count within the formation and the waves A to B almost already completed. In the next times there is a higher likelihood given that Bitcoin continues with the wave-count within the triangle-formation and in this terms with the establishment of the waves C to E which will continue if Bitcoin breaks the 40.000 USD level. When this happens Bitcoin will have the ability to complete this massive triangle with a bullish breakout to the upside nevertheless when Bitcoin shows up with exceptional increased bearish pressure in the schedule this whole triangle-formation can also initially invalidate to the downside which will happen with Bitcoin breaking below the lower boundary instead of the upper-boundary, this will lead Bitcoin to develop a wave-E-extension to the downside, in this case, the major massive bull-flag will have the potential to rightly complete. In case Bitcoin shows up with the triangle-invalidation and the bearish continuation the key support, in this case, is at the 19.200 USD level which previously was the all-time-high, when Bitcoin bounces in this area and continues to the upside this will lead to the appropriate completion of this paramount formation as a bull-flag. These are the two main considerations and scenarios significant in the next times. It is important to await either the triangle- or the bull-flag validation, when this is done the next measurements can be done with the major wave-C-developments. Fundamentally speaking it is unlikely that the bullish market is over yet and that Bitcoin will not do a new all-time-high within the upcoming months because more and more institutionals and classical economy participants looking to enter the Bitcoin and cryptocurrency space though the demand is there and increasing while the real economy is still riddled by the corona crisis and inflation is accelerating investors look for a hedge in Bitcoin however we should not underestimate the volatility preexisting in the market and prepare on these two scenarios, it will be an important journey. 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 a residue of preparation." Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
62
AUDIOusdt on BinanceENGLISH ENGLISH Audiousdt this is how a shitcoin doesn't look like? Very sturdy and cleani price action to see here. clearly uptrending action seen here, and a perfect retest of the previous (first) ATH. After the break of the first ATH we see a solid pump, followed with a pullback to the tick just from the first high. Paternwise is forming a cup and handle (which is a bottom reversal pattern, and a handle that we are now working on, moreover fractal wise and in that handle we now form an inversed head and shoulder (also a reversal pattern). To project our next run up, we take the measerment targets from the handle as the cup + a confluence with the FIB extension tool. How we determine our entery stoploss and between TPs can be seen in this clear explanation video. Good luck with it and as always, this is not Financial advice, always do your own research and think / decide for yourself. Need help, you can reach us via tradingview/telegram or our webstite. E: 2.455 S: 2.071 TP: 2.951 - 3.434 - 4.160 - 4.984 - 7.415 Trade safe and until the next, cheers! Audiousdt dit is hoe een shitcoin er niet uit ziet? Zeer stevige en mooie prijsactie te zien hier. duidelijk uptrending actie te zien hier, en een perfect retest van de vorige (eerste) ATH. na de breek van de eerst ATH zien we een stevig pump, gevolg met een pullback tot op de tick juist van de eerste high. Paternwise is zich een cup and handle aan het vormen (wat een bodem reversal patroon is, en een handle waar we nu aan het werken zijn, bovendien fractal wise en in die handle vormen we nu een inversed head and shoulder (oook een reversal patroon). We nemen om onze volgende run up te projecteren de measerment targets van bij de handle als de cup + een confluence met de FIB extension tool. Hoe we onze entery bepalen stoploss en tussen tp's kun je zien in deze duidelijke uiteenzettings video. Veel succes ermee en zoals steeds, dit is geen Financieel advies, doe steeds je eigen onderzoek en denk/beslis voor jezelf. Hulp nodig, je kunt ons via tradingview / telegram of onze webstite bereiken. E: 2.455 S: 2.071 TP: 2.951 - 3.434 - 4.160 - 4.984 - 7.415 Trade safe en tot de volgende, cheers!
by MyPileus
BITCOIN (BTCUSD) – Week 38 – Bullish continuation Maxime Bernier, founder and leader of the People's Party of Canada, has said he supports the adoption of cryptocurrencies in the country. In a Tuesday tweet, Bernier said cryptocurrencies are “another new and innovative way” to counter the actions by central banks, which he claimed are “destroying our money and economy.” The Canadian politician has criticized the Bank of Canada for “printing money” and called out Prime Minister Justin Trudeau for his economic policies. Fidelity Digital Assets published the 2021 Institutional Investor Digital Assets Study that tracked institutional investor's behavior in the face of the delicate situation traditional markets endured for the past year. Considering all investors surveyed across the globe, 52% of respondents said they invest in bitcoin or cryptocurrency, and 9 in 10 investors find those assets appealing. Notably, 84% of European high-net-worth investors said they are invested in the asset class. Technically, Bitcoin behaved as we predicted in our last weekly report, it reached the resistance area, made a consolidation and now it is breaking out of the structure. The higher probability move for the main cryptocurrency is a continuation to the upside. There may be consolidations along the way but there are no signs of reversal yet. 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:BTCUSDLong
by financialflagship
8
BEL vs BTC - BinanceBella protocol. ENGLISH Bella protocol. Were seeing on the graph We see on this chart a nice number of patterns playing out this especially hinting in the bullish zone. A double bottom, a rising channel and a larger ascending triangle, all in a premature state, but that's just what we need to enter safely. Better to get in early and see it evolve with a feeling of letting it sink in and rising we are low enough in that to want to enter the sharp of the cut all the time. You can only harvest when you sow ;-). Therefore, safe long setup E: 4178 S: 3214 T: 5429 - 6289 - 6961 - 8315 - 10006 DUTCH Were seeing on the graph We zien op deze grafiek een mooi aantal patronen uitspelen dit vooral hinten in de bullish zone. Een double bodem, een rising channel en een grotere ascending triangle, allen in een premature staat, maar dat is net wat we nodig hebben om safe te enteren. Beter vroeg erin en zien evolueren met een gevoel van laat maar even zakken en stijgen we zitten er laag genoeg in dat om het scherp van de snede steeds te willen enteren. Je kunt pas oogsten als je zaait ;-). Daarom, safe long setup E: 4178 S: 3214 T: 5429 - 6289 - 6961 - 8315 - 10006
Long
by MyPileus
2
Bitcoin MEGA Bull Run Not Over Yet---Something Big Coming SOON.#BTCUSDT Exclusive TA Update :- $BTC currently trading near to $48000. I am purely bullish on Bitcoin trend so I am marking entries at 3 Points. Entry 1:- $46500 Entry 2:- $44200 Entry 3:- $38812 Here i'm Elaborating all possible Scenarios in this chart with all perfect possible understanding:- :- First it need to break Red Line resistance for Upward movement. If break out this red line resistance then we can set 1st Target around $52000 and 2nd Target around $58000. After break $58000 then we can Expect New All time high towards $100k :- Below this Resistance line we can see Retracement Max around -20% Above Black Line We can see #MEGA_BULL_RUN But Keep an mind worst scenario as well. If break down $38800 support zone then we will enter in #DANGER_ZONE Please Guys Don’t forget to LIKE if you really Happy with my analysis. Thank you.
Long
by CryptoPatel
24
CRYPTO-CAP, Upcoming Scenarios, How Potential A-T-H Establishes!Hello, Welcome to this analysis about the TOTAL CRYPTO MARKET CAP which includes BTCUSD and its 4-hour timeframe perspectives. As I discovered the Crypto-Cap has formed some quite interesting developments as it was near the all-time-high region before the bearish dump to the downside finally emerged. Now in this whole structure I detected an important formation forming that can lead the Crypto-Cap to new all-time-highs sooner or later nevertheless for now it is important to keep patient and elevate how the Crypto-Cap develops in the near future before rushing into trades that do not satisfy, therefore I determined all the important levels, upcoming establishments and possible scenarios we should consider. When looking at my chart now we can watch there how the Crypto-Cap has its all-time-high within the 2.484 TRILLION regions as marked in blue in my chart, therefore, the total crypto-cap came nearer to its all-time-high region than for example it is the case with Bitcoin. After the dump has shown up here the Crypto-Cap moved on to test the dynamic ascending-support-zone marked in blue in my chart which it already marked several times as support before. Now the total Crypto-Cap is also within this main descending-channel-formation marked with the boundaries in dashed dar grey, within this channel the Crypto-Cap has its coherent wave-count to the downside with the wave A already completed and with the wave B forming now, this wave B will directly run into the resistance cluster from where a pullback will be highly likely which then will mark the beginning of the wave C to the downside testing the dynamic support-zone anew, this will be crucial because this zone needs to hold for the Crypto-Cap to bounce and form a breakout above into the bullish direction which can lead to a new all-time-high here, otherwise when the support does not hold the bearish pressure will continue and this will lead to a wave-C-extension. 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.
CRYPTOCAP:TOTAL
by VincePrince
6
BITCOIN, Double- Or Triple-Bottom-Formation, Important Zones!Hello, Welcome to this analysis about Bitcoin and the 4-hour timeframe perspectives. Bitcoin since showing up with the increased continuations to the downside has found initial support at the lower support-zone of 44200 USD and as I discovered now there is an interesting formation forming that can lead to upcoming increased volatilities within the schedule, therefore it is necessary to do not overspeculate the situation and to wait on the right confirmations before rushing into the market, therefore as I detected when Bitcoin shows up with these pivotal confirmations there are great potentials given, in this case, I am looking at the important levels, likely scenarios, and upcoming determinations. When looking at my chart now we can watch there how Bitcoin recently bounced above the 46880 Usd level that is marked in blue and which is the neckline of this main double-bottom formation Bitcoin formed here. Technically this formation is completed and confirmed now as Bitcoin also managed to bounce above the 50-EMA in red and the 100-EMA in green and there is a good potential given that Bitcoin continues from here nevertheless there it is not seldom seen that such a breakout above the neckline of a double-bottom turns out to be a bull-trap, in this case, Bitcoin needs to show if it can hold this level here rightly or firstly pulls back below the neckline which can lead to the test of the lower levels. When Bitcoin manages to hold this level here properly and increases with demand in the structure the dynamic target-zone marked in my chart in the descending-resistance-line has a decent ability to be approach. It will be important how Bitcoin reaches this potential target-zone because when this happens with high volatility and high volume there is the possibility given that Bitcoin builds up further bullishly to move into the bullish-continuation-zone, in any case now Bitcoin needs to show if this crucial neckline holds or a pullback firstly develops, such determinations are always always very central to watch out for because we are trading what we see and not what we think, therefore it will be a important journey ahead. In this manner, thank you for watching my analysis about BITCOIN and its major distribution-fractal compared to the previous and central upcoming determinations to consider, support the analysis with a like and follow or comment for more market insight! "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 market.
BYBIT:BTCUSD.P
by VincePrince
12
BTC, Major DISTRIBUTION-FRACTAL Finalized, Conclusions AHEAD!Hello, Welcome to this Update-Analysis about Bitcoins Major Bearish Distribution-Fractal I spotted in the origin-analysis, if you did not see this analysis already I highly recommend it to watch to have a full-depth-overview. As the fractal now finally completed with the main wave G completing the wave-count I talked about in the origin-analysis with Bitcoin also breaking below the main trend-line and below the 20-MA in blue this was the full completion of this massive fractal exactly with the same developments and elements like within the first fractal just on a more local scale. Now as these determinations developed I discovered further important signs, structural formations, and upcoming determinations that are pivotal in these dynamics. Taking a look on the major recent news emerged in the last times we can watch there that there is the main discrepancy between the news release which are in a more or less higher majority bullish and the actual price-action Bitcoin developed which included this heavy bearish dump, this is playing into the theory of the divergence in news releases and the misleading of public and the actual Bitcoin price-action-dynamics. As El Salvador emerged as the first country adopting Bitcoin the market crashed on the same date however in the middle-to-long-run this legal tender adoption can lead to an increase in Bitcoin demand as there is a 400 Million US-Dollar wealth transfer likely to happen in El Salvador from classical payment providers such as Western Union into Bitcoin. On the other side, there is news that fueled this heavy bearish pullback to the downside such as China tightening restrictions on Bitcoin or the SEC moving forward with regulatory measurements. These factors contributing to the bearish dynamics Bitcoin showed up with and continued development in the caused actions can even increase further supply in the near future. When looking at my chart now we can watch there how Bitcoin now recently fully completed the fractal-wave-count and moved below the trendline as well as the 20-MA therefore the whole fractal was completed with highly increased bearish volume as expected. Now as Bitcoin found support above the 43500 USD area there is an increased potential given that Bitcoin has the ability to bounce back and test the 20-MA again however when considering this whole structure the 20-MA is now a strong resistance from where a pullback has an increased likelihood this is why a pullback from this retest is definitely within the possible spectrum, therefore, when Bitcoin does not manage to hold the 43000 USD zone sustainably and further supply enters the market this will lead to a continuation to the downside when Bitcoin breaks this level, when this happens the main fractal target zone will be around the 35500 USD level marked in blue which is also the equivalent of the beginning of wave-B similar as it developed in the first fractal already, then Bitcoin needs to show how it approaches these zones, it will be an important development ahead. In this manner, thank you for watching my analysis about BITCOIN and its major distribution-fractal compared to the previous and central upcoming determinations to consider, support the analysis with a like and follow or comment for more market insight! "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 market.
BYBIT:BTCUSD.P
by VincePrince
85
FIOusdt on BinanceFIOusdt on Binance ENGLISH What do we all see? The market structure tells us that we are still in an uptrend on macro vieuw, maw if we look at all the candles together it gives us the weather of an uptrending asset. As a result, we automatically look for a long entery. Short overview of our drawing tool layers: VPVR indicates to us that we are on support Momentum represents a ranging phase, (in favor of a long), ranging has a chance of a pullback (buy moment). OBs put us that e are closer to support Trading ranges, there we see an lvl that we are now trading for, close below it is high chance to pullback, close above it is high chance of further uptrending As always, we are going to determine the most ideal entery - stop and branch proftits via our own layer system. given that the current market phase altcoin remains bullish tinged, we are also going to hunt for extend targets via the Fib; extention. Our extra layer of BIASlines (under construction) will allow us in the future to skip the fib, extension and prices to projects higher than the current trading area. as always, these will have the accuratity that we have gained from the MYpileus drawing tools. Well now the game plan: through the confluence strategy we arrive at the next lvl's - zones. *attention, this is an obvious swing trade, respond appropriately with positionsizing! Entery: Market - 0.0.2022 - 0.1834 - 0.1574 Stoploss : 0.1478 Take profit: 0.3268 - 0.4088 - 0.4744 - 0.5659 - 0.8145 - 1.2392 Wat zien we allemaal? De market structure zegt ons dat we nog steeds in een uptrend zitten op macro view, maw als we alle candles samen bekijken geeft deze ons de weerspiegeling van een uptrending asset. Hierdoor gaan we automatisch op zoek naar een long entery. Korte overview van onze tekentool lagen: VPVR geeft ons aan dat we op steun zitten Momentum geeft een ranging fase weer, ( in het voordeel van een long), ranging heeft kans op een pullback (buy moment). OBs zetten ons dat e dichter bij steun zitten Trading ranges, daar zien we een lvl waar we nu voor aan het traden zijn, close eronder is high chance tot pullback, close erboven is high chance van verdere uptrending We gaan zoals steeds via ons eigen lagen systeem de meest ideale entery - stop en tak proftits bepalen. gezien de huidige market fase altcoin blijven bullish getin, gaan we ook voor extend targets jagen via de Fib; extention. Ons extra laag BIASlines (under construction) zullen ons in de toekomst in staat stellen om de fib,extension over te slaan en prijzen te projecten hoger dan het huidige trading gebied. zoals steeds zullen deze de accuratheid hebben die we gewon zijn van de MYpileus tekentools. Goed nu het gameplan: via de confluence strategie komen we op volgende lvl's - zones uit. *opgelet, dit i s een overduidelijk swing trade, reageer gepast met positionsizing! Entery: Market - 0.0.2022 - 0.1834 - 0.1574 Stoploss : 0.1478 Take profit: 0.3268 - 0.4088 - 0.4744 - 0.5659 - 0.8145 - 1.2392
Long
by MyPileus
2
BITCOIN, Relief-Rally Incoming BUT Crucial Resistance Above!Hello, Welcome to this analysis about Bitcoin and the 4-hour timeframe perspective. As Bitcoin recently showed up with the heavy bearish dump to the downside which was the completion of the ascending wedge formation I mentioned previously Bitcoin now found initial support above the 44.000 USD level and is somewhat building up here nevertheless as I discovered now there are important structures that should not be kept from the desk as it is not unlikely that after such a dump which also printed a huge bearish engulfing candle on the weekly timeframe further downside happens, therefore I detected what are the important zones and upcoming determinations especially with consideration of the potential incoming relief rally. When looking at my chart we can watch there how Bitcoin formed this massive ascending-channel-formation marked with the black boundaries, the lower boundary of this channel is where Bitcoin recently bounced and now moved into this ascending-triangle-development with the wave-count within this triangle. In this triangle the upper-boundary consists of this first resistance and in the triangle Bitcoin is forming the coherent Fibonacci-wave-count between the 43.000 USD and 47.000 USD level with the tightening range and the waves A and B completed, now with the remaining waves C till E this whole ascending-triangle can complete with a local upside-breakout which will be the origin for a wave-E-extension bringing Bitcoin to test the upper 50.000 USD resistance mark which is the main psychological resistance in this whole structure. Once Bitcoin completed the triangle and emerged with the bullish developments to test the second resistance it will be significantly pivotal on how Bitcoin reacts to this zone because when there emerges a strong bearish rejection to the downside this can lead to a breakdown below the lower boundary of the channel and in consequence of this Bitcoin will continue till the next lower supports are reached at around the 40.550 USD level. Otherwise when this does not happens and Bitcoin stays above the upper-boundary possibly showing further increased bullish signs this can lead to the building of a further bigger ascending-triangle that can form a similar breakout to the upside just in a broader aspect, in any case, it will be necessary to keep patient and elevate on how Bitcoin approaches this crucial second resistance because this will determine further conclusions. 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! Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
25