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Bitcoin-trading

BITCOIN, Major Bull-Flag-Formation, How It Completes!Hello, Welcome to this analysis about Bitcoin, we are looking at the 4-day timeframe perspectives. Bitcoin in recent times has developed an important structure on the more middle-to-long-term perspectives as on this basis Bitcoin is still in a condition in which it is searching for a trend however as for now I discovered that this trend has a higher likelihood to be a bullish trend. Especially when considering the main accumulation-phase which Bitcoin almost completed and the growing institutional interest that builds an underlying fundamental base and driving factor of upcoming demand increases. In this case, now I discovered a massive formational structure Bitcoin is forming on this middle-to-long-term perspective and therefore I detected all the pivotal structural formations, elemental factors, and upcoming determinations we should consider in Bitcoins developed movements and upcoming establishments. Structural Developments: As when looking at my chart we can watch there how Bitcoin on the 4-day timeframe perspective is in a structure in which it still has this main ascending-trend-line marked in blue in my chart in which Bitcoin already bounced several times in the past, with the recent bounce also off the 100-MA marked in my chart in blue. Since this last bounce occurred Bitcoin heavily increased with bullishness to the upside and testing further levels of resistance within the structure. Now on the broader perspective Bitcoin is forming this main dynamic bull-flag-formation marked in orange in my chart. As Bitcoin already showed increased bullish dynamics within this formation there is a real possibility that this formation will be completed sooner or later, therefore it is highly necessary that Bitcoin rightly builds up with bullishness in the structure to properly complete this whole formation. Upcoming Determinations: Taking all these factors into the consideration now Bitcoin is in a structure in which it has formed this great formation. Now it is important that the bullishness rightly builds up, therefore we should consider pullbacks into the remaining support-zones as it is marked in my chart with Bitcoin approaching the 65-EMA marked in red and the structure support-cluster Bitcoin has built up there consisting of the ascending-trend-line in blue, the 65-EMA and also the 100-MA in blue. Once Bitcoin is pulled back into these zones it will be significant that Bitcoin rightly confirms them as support and does not increase with bearish pressure to move below this cluster because this will invalidate the formation and the bullishness incoming. Once this happened and Bitcoin managed to bounce within this zone to continue bullishly a completion of the whole formation and activation of targets will happen with Bitcoin bouncing above the upper-boundary. In this manner, thank you for watching my analysis about BITCOIN and the major Bull-Flag-Formation with the meaningful considerations on how the formation completes, support the analysis with a like and follow or comment for more market insight! "Good luck is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the market.
BITSTAMP:BTCUSD
by VincePrince
36
BITCOIN, Way To A Dedicated BREAKOUT, Upcoming Possibilities!Hello, Welcome to this analysis about Bitcoin, we are looking at the 2-day timeframe perspectives. Bitcoin in recent times has shown up with important determining price-actions moving directly into the remaining resistances and testing them. Besides that the Wyckoff-accumulation I mentioned in the previous analysis is nearly completed and with these dynamics, Bitcoin has the ability to approach the demand dynamics in the structure and back-up for an appropriate bullish markup with continuations. In this case, now I discovered pivotal zones and structural developments that will be decisive in Bitcoins upcoming movements, therefore it is necessary to keep patient and await the proper validations before moving into the right directions and preparing for the right entry into the market with the proper line-up, therefore I detected all the significant levels, structural formations and upcoming movements we should consider with Bitcoin. Structural Developments: As when looking at my chart we can watch there decisive factors contributing to the current situation. On the broad scale, there is this massive descending-channel-formation marked with the boundaries in black in my chart, besides that there is the ascending-channel-formation marked in blue which was the origin of this heavy bullish volatility to the upside with Bitcoin also bouncing simultaneously within the lower boundary. Now as Bitcoin advanced from its established accumulation phase it moved directly into the main resistance-cluster marked in red in my chart which is a central intersection where several factors coming together such as the horizontal resistance and both upper channel resistances coming together and forming this resistance-cluster from where a pullback is highly likely. This pullback when established will be the contribution to wave C in the major wave-count marked in my chart. Upcoming Determinations: Taking all these factors into the consideration now out of the current perspective Bitcoin is likely to show up with the suggested pullback and when this happens there is firstly a high likelihood given that Bitcoin moves on to test the lower levels of support which are still solidly given in the structure. The first is the 35-EMA marked in light blue in my chart, this is an important EMA that also held bullishness to the upside before and it is possible that when Bitcoin approaches this EMA that there comes a bounce to the upside, otherwise when this not happens the next support will be the lower boundary from where a bounce has a very high possibility. Overall Bitcoin will have a high ability to stabilize in this whole structure as marked in my chart to build upon it and finally emerge with the final breakout that happens above the upper-boundary of the channels and which finally confirms with the breakout above the ascending-channel-formation as shown in my chart, this breakout has a 75% possibility to happen and should be expected. In this manner, thank you for watching my analysis about BITCOIN and the established channel-structure with the upcoming determinations to consider, support the analysis with a like and follow or comment for more market insight! "Ascertainment is the central issue in economic prosperity." Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
37
BTC, Finalized BROADENING-WEDGE, Continuation-Determinations!Hello, Welcome to this analysis about Bitcoin, we are looking at the 4-hour timeframe perspectives. As mentioned in the previous analysis already Bitcoin was likely to form a main initial reversal on the local perspective as there is strong resistance and Bitcoin already moved on to pullback as well as develop the formation in the structure. For people and traders who want to gain a hold in the market, it is necessary to realize that the market is not always complete bullish or completely bearish, there are always several ways on where the market can go and what price-action-developments can finally emerge, therefore it is highly important to do not look into a single direction rather we should keep the different directions in mind and integrate them into a full-depth-approach to finally look on the different layers and possibilities of establishments within the price-action. Structural Developments: As when looking at my chart we can watch there how Bitcoin has formed this main broadening-wedge-formation marked with the boundaries in blue, within this formation Bitcoin has completed the coherent wave-count reaching from A to E, and with the final second pullback from the 48400 USD mark has predetermined this whole formation to complete which finally happened with the breakout below the lower boundary of the formation, this breakout has activated lower targets and continuations to the downside. As for now, Bitcoin continued to test the 100-MA marked in grey in my chart which is pivotal reference support as it has held the bullishness to the upside before. Now Bitcoin is about to consolidate above this moving average and it can be the appropriate setup for the further continuations to the downside when Bitcoin moves finally below it. Upcoming Determinations: Taking all these factors into consideration now it is likely that we will see a continuation in Bitcoins bearish developments as the main broadening-wedge-formation has completed. The first activated target-zone, in this case, is the main-structure-support marked in my chart in blue, when Bitcoin has reached it it has to be elevated if it manages to markup from there substantially or just sets up to form a further continuation to the downside. When Bitcoin manages to stabilize and markup to finally breakout above the descending-trend-line this can be the origin of the bullish reversal confirmation and continuation to the upside otherwise the next support will be below at the 40545 level. For now we should not keep the bearish perspectives out of sight and Bitcoin needs to show how it approaches the main targets with the given suggested developments. In this manner, thank you for watching my analysis about BITCOIN and the main broadening-wedge-formation with the upcoming determinations to consider, support the analysis with a like and follow or comment for more market insight! "The most substantial way to forecast the future is to try to understand the present." Information provided is only educational and should not be used to take action in the market.
BINANCE:BTCUSD
by VincePrince
44
BITCOIN, The Historical HASH-RIBBON-SIGNAL Flashed Blue!Hello, Welcome to this update-analysis about Bitcoin, the weekly timeframe perspectives, and its main hash-ribbons conditions that have now changed in the recent times since I uploaded the first analysis. In the last time's important developments have occurred within the market as miners that got restricted because of the China mining ban have settled into new supportive places and began mining again this led to an increase in the hash rate and finally the 14th historical hash-ribbons-signal has emerged, therefore I discovered all the important levels and upcoming determinations we need to consider with Bitcoins established structure, formation specialities and upcoming determinations we need to consider now. Structural Developments: Since the previous analysis Bitcoin moved on with its decreasing bearish momentum in the structure with a simultaneous increase of the hash rate this was the origin for the 10-Day EMA finally crossing above the 20-Day EMA and in this case the final hash-ribbons-signal emerged. Once this happened Bitcoin also bounce within the ascending-trend-line marked in dashed grey in my chart, this was also the same point and intersection together with the descending-trend-line in black. Once this happened Bitcoin showed up with this heavy bullish volatility increase to the upside and printed four exceptionally green candles to the upside adding a new green candle to the three white soldier formation developed. Hash-Ribbon Development-Phases: Example With The Stages-Examinations Out Of The 15 Historical Hash-Ribbon-Signals: Upcoming Determinations: Taking all these factors into the consideration now Bitcoin has emerged not only with the great hash-ribbons buy-signal but also with the other bullish indications that are building the fundament for a continuation in the upcoming times. In the past, the hash-ribbons buy-signal was always followed by heavy bullish increases to the upside and this is what should be also considered here. Besides that Bitcoin rightly managed to breakout above the 20-MA marked in my chart in blue which gives the additional bullish possibility increase. Therefore what should be expected now is Bitcoin moving on in the expansion phase B that is explained in my chart, it will be an interesting development ahead. In this manner, thank you for watching my analysis about BITCOIN and the main hash-ribbons-structure with the recent buy-signal emerged and upcoming determinations, support the analysis with a like and follow or comment for more market insight! "Astonishment is the basis of reverence" Information provided is only educational and should not be used to take action in the market.
BITSTAMP:BTCUSD
by VincePrince
66
BTC, Weekly Bounce Above 20-MA First Time Since Corona-Recovery!Hello, Welcome to this analysis about Bitcoin and the important weekly timeframe perspectives. As mentioned already in previous analysis Bitcoin was in the main accumulation structure from where it now finally showed up with bullish strength and moved along with increased bullish dynamics testing remaining zones. Now with these whole developments, Bitcoin formed considerable confirmations in the schedule consisting of different technical factors I discovered. For now, Bitcoin has maintained great bullish signs, and to continue with this dynamic the right price-actions incoming is pivotal, therefore we are looking at all the meaningful levels, structural formations, and upcoming determinations. Structural Developments: As when looking at my chart we can watch there how Bitcoin is trading globally within this major ascending-channel-formation marked in my chart with the black boundaries. This is the major channel in which the wave-count develops and with the recent bullish volatility Bitcoin rightly bounced within the lower boundary of this massive channel. Simultaneously with the bounce emerging Bitcoin completed the diamond-bottom-formation marked in my chart in orange and what is more important is that Bitcoin now recently for the first time since the corona-breakdown-recovery bounced above the 20-MA marked in my chart in blue, the last time Bitcoin bounced above this level it was the origin of high bullish volatility and the bullish expansion to the upside. Upcoming Determinations: Taking these developed factors into the consideration there are also other technical indicators important to look at here. Firstly it is the MACD which is now on the verge to provide a bullish-golden-crossover as it is marked in my chart. Secondly, it is the candlestick-formation Bitcoin has developed after the bounce from the lower boundary of the major ascending-channel-formation, this is a formation called three white soldiers and it builds the appropriate bullish origin to build on further. For Bitcoin, this means now that it is testing the remaining resistance marked in red, and when Bitcoin manages to stabilize here and finally breakout above this resistance a bullish continuation has a great likelihood to follow-up to test the last resistance. In this manner, thank you for watching my analysis about BITCOIN and the important weekly structure with the paramount confirmations settled and the upcoming determinations expected, support the analysis with a like and follow or comment for more market insight! "The market is based on destiny and the philosophy of estimation." Information provided is only educational and should not be used to take action in the market.
COINBASE:BTCUSD
by VincePrince
62
BITCOIN (BTCUSD) – Week 33 – No signs of stopping In a recent interview, Argentina's President, Alberto Fernandez, stated that he sees no reason to oppose Bitcoin and cryptocurrency in general, but the country's Central Bank, Miguel Pesce, is preparing for a crackdown on the business. Already in April, the Central Bank of Argentina instructed local banks to scrutinize clients that hold cryptocurrencies and engage in business or trading activities involving crypto, but just last month, a member of the National Congress José Luis Ramón submitted a bill that would allow salaries in Bitcoin and muscle the country’s adoption process. Despite the fact that the United States government is slamming the crypto industry, Wyoming stands out for its acceptance of the new technology. This state, dubbed the "Wild West of Crypto," just enacted 24 blockchain-friendly legislation. According to a report by CNBC, the state's most recent measure will enable for "rapid approval for new crypto banks." Technically, in our last report we were right when we expected a sideways correction before the continuation to the upside. However, the correction took place above the zone that we expected it to happen. For this week, we have no indication that the price will reverse. The higher probability move is to the upside, either going right now, or with small consolidations along the way. We could see a bigger correction in this area before the price continue its path to the upside. 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
BITCOIN, About To Finalize Main Bearish-Reversal Double-Top!Hello, Welcome to this analysis about BITCOIN and the 45-minute timeframe perspectives. As already mentioned in previous analysis Bitcoin prepared for a local bearish reversal in the structure with firstly an initial head-shoulder-formation which protracted now and a next formation has been formed as I discovered, this can happen when the actual formational structure extends, in any case, the local bearish perspective is as for now omnipresent and therefore it is necessary to rightly amplify it before moving into the wrong direction or rushing into trades that do not satisfy. As when looking at my chart now we can watch there how Bitcoin severely failed to form new highs at the 46600 USD level and two times heavily pulled back. to mark below the 100-MA marked in my chart in green, this 100-MA was a very pivotal reference-factor holding the whole bullishness to the upside, the fact that this MA is now taken out by Bitcoins bearishness gives the structure a bearish edge. Furthermore, Bitcoin is now forming this main double-top-formation with the dynamic-neckline marked in my chart in blue, Bitcoin recently closed below this neckline and is now setting up for the high likelihood bearish continuation. The main double-top-target-zone is within the 43000 USD level marked in my chart in blue, once this level has been reached the situation needs to be elevated anew in terms of Bitcoin holding the level and stabilizing above or setting up for further continuations, it will be an important development ahead. In this manner, thank you for watching my analysis about BITCOIN and the main double-top-formation with the upcoming destinies important to consider, support the analysis with a like and follow or comment for more market insight! "Edification consists of the anticipation of ramifications." Information provided is only educational and should not be used to take action in the market.
by VincePrince
81
Bitcoin Is Now Completing The Major H-S-Formation Bullishly!Hello, Welcome to this analysis about Bitcoin, we are looking at the daily timeframe perspectives. As mentioned in the origin-analysis the bullish confirmation of the main head-and-shoulder-formation had a higher likelihood, this is what now happened and after testing the neckline anew Bitcoin substantially bounced off it and managed to form the breakout above the descending-trend-line. If you did not see this analysis already I highly recommend it to watch to have a full-depth-overview as this analysis now is building a coherent follow-up. In this case, I made some levels thicker and highlighted the important zones to have a better view of the dynamics. In this manner, I discovered all the important levels and upcoming determinations. Structural Developments: As when looking at my chart now we can watch there how Bitcoin finally made the breakout above the main descending-trend-line I mentioned in the previous analysis is an important reference-factor for the head-and-shoulder-formation to complete bullishly. Now besides this emerged appropriate breakout Bitcoin also formed a golden-cross with the 20-EMA marked in green crossing above the 65-EMA in red. Also, the fact that Bitcoin rightly bounced above the 41200 USD resistance-level marked in blue increases the bullish strength in these zones. All together Bitcoin has formed several important confirmations on which it has now the ability to build upon and continue with further conclusions. Upcoming Perspectives: Taking all these factors into the consideration now Bitcoin has technically completed this whole head-and-shoulder-formation to the upside now. The more likely possibility for a bullish breakout of 75% is rightly validated. Now Bitcoin is in a condition in which a pullback to the previous resistance which is now support has a high possibility as it is marked in my chart. Bitcoin will then move into great supports together with the EMAs and after that approach the main CME-Gap-Level to be filled once this has done and Bitcoin continues to rightly stabilize in the structure this will lead to the further increase of demand and a final close above the Gap-Fill-Level with the bullish-development-continuation-zone marked in green in my chart, it will be an interesting journey. In this manner, thank you for watching my update-analysis about BITCOIN and the major head-and-shoulder-formation confirmation settled now with the further important determinations ahead of the next times, support the analysis with a like and follow or comment for more market insight! Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
23
BTC, Local H-S-Formation, Initial Reversal-Continuation Likely!Hello, Welcome to this analysis about Bitcoin, we are looking at the 45-minute timeframe perspectives. Bitcoin in recent times has shown up with some important price-actions in the schedule that should not be underestimated. As already mentioned in my previous analysis Bitcoin on the global perspective is forming this main ascending-wedge-formation with the developments ongoing. On the more local timeframe perspective now Bitcoin established this decisive head-and-shoulder-formation marked with the neckline in blue, this head-and-shoulder-formation was recently completed with the breakout below the neckline and activated the further continuations to the downside. Besides the head-and-shoulder-formation Bitcoin is also in a crucial condition with the EMAs as it is staying just above the 100-EMA in red and the 65-EMA in green. These two EMAs holding the bullishness to the upside and are therefore important reference-points for the bullish conditions, this means when Bitcoin moves below them and closes finally below the 100-EMA this will indicate further bearish continuations as the EMAs are in this case then resistance. The overall target-zone that should be considered then is within the 42350 level marked in my chart in blue. Once Bitcoin has reached these zones it has to be elevated if Bitcoin manages to bounce and stabilize above this level or it is just setting up for further bearish continuations to the downside. For now, we should be prepared for the bearish volatilities to emerge and continue firstly after that the situation needs to be assessed again. In this manner, thank you for watching my update-analysis about BITCOIN and the main head-and-shoulder-formation with the importance of BITCOINs bearish edge developing, support the analysis with a like and follow or comment for more market insight! Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
11
Bitcoin rallies to its 200-Day SMA.Bitcoin traded above its 200-day simple moving average at around $45,000. The weekly chart for BTC has been super bullish since the week of Aug. 1 and the last weekly closure was bullish, suggesting more positive moves can be expected. If Bitcoin can stay above its 200-day, the next target is $53,000, if not, the downside risk is to its support levels at $43,500, $40,500, $38,750, and $36,950 From its June 22 low of around $29,000, BTC is up some 60%, the highest in almost 3 months. A pullback is necessary for healthy move forward. RSI is a bit stretched on these levels since the breakout from falling wedge (red lines) has been very explosive. Looking back on daily chart we can see the price movement was very predictable. Bitcoin confirmed a death cross (red box) on June 20 when its 50-day simple moving average fell below its 200-day simple moving average. It’s been above its 50-day SMA since July 26 and tested its 200-day SMA at $44,800 on August 8. Its 50-day SMA is now rising at $35,200, acting as support level on lower time frames. The weekly chart for Bitcoin is positive with BTC above its five-week modified moving average and above its 200-week simple moving average. The trading strategy is very simple. Buy Bitcoin on weakness and reduce holdings on strength all the way to its monthly high at $63,800. (not FA)
BITFINEX:BTCUSDLong
by Tilen_tradershub
BITCOIN, Develops Decisive Ascending-Wedge, Determining Zones!Hello, Welcome to this analysis about Bitcoin, we are looking at the 4-hour timeframe perspectives. Bitcoin in the last times managed to increase bullishness greatly in the schedule and form new higher highs in the local structure which is a good environment for upcoming further developments however there are still strong resistances in the structure that should not be underestimated and according to the current situation I discovered indicative signs that can potentially lead to an initial reversal in the structure nevertheless this does not mean Bitcoin is not bullish anymore as there are solid supports in the range on which Bitcoin has the ability to stabilize and build upon, therefore I detected the important levels and upcoming determinations. Structural Developments: As when looking at my chart now we can watch there how Bitcoin advanced further in the structure and now made the second meaningful consecutive higher high in the structure. Besides that Bitcoin is building this major ascending-wedge-formation now marked in my chart with the blue boundaries. In this formation, Bitcoin has the coherent wave-count with the waves A to C already completed, and as Bitcoin now approaches the upper boundary which is a significant resistance where also horizontal resistance is within this level it is likely that this will be the source of a pullback in the structure that will be the D wave to approach the lower boundary from where the wave E can emerge to complete the wave-count and formation ahead of next times. Upcoming Determinations: Taking all these factors into consideration Bitcoin developed a structure where a more or less bigger pullback coming up the next time has an increased possibility, this does not mean Bitcoin will be completely bearish once the main ascending-wedge-formation is completed nevertheless it is necessary to properly prepare on these volatilities. The whole wedge-formation will finally complete once Bitcoin finalized the wave-count and shows up with a supply-increase after that pulling back below the lower boundary and closing there as it is marked in my chart, such a price-action will be the completion of the whole formation and activation of continuation as well as the target marked in blue from where the dynamic need to be elevated anew. In this manner, thank you for watching my update-analysis about BITCOIN and its major ascending-wedge-formation with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight! Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
21
BTC, MAJOR Triple-Bottom COMPLETE, CME-GAP At 49250 To APPOINT!Hello Community, Welcome to this update-analysis about BITCOIN, we are looking at the 2-day timeframe perspectives. In recent days Bitcoin has emerged with several very important price-actions which are matching also with my previous technical analysis and forecasts about Bitcoins determinations, this means the expectations of Bitcoins bullish developments finally come true now. This shows one more time that technical analysis is an empirical science when applied right expect of what academics stating so often that it is all just random walk and that technical analysis does not function, there is a lot of highly qualified evidence that this thought should be revised. In all these cases it is of utmost importance and the necessity to do not mix technical analysis with an emotionally loaded market approach and a mindset of one-sighted wishful thinking that expect the given technical factors the market is going into the particular direction, for a sophisticated trader such determinations should be bypassed and instead of an emotion-based approach the rules of technical analysis should be applied in an open-minded manner, this is what we also see in Bitcoin manifesting to reality now. If you did not see the origin-analysis of which this is the continuation I highly recommend it to watch to have a full-depth-overview. Therefore I detected the changed dynamics, important structural formations, and what we should expect now. When looking at my chart and comparing it to the origin-analysis we can watch there that since the first analysis about Bitcoins triple-bottom Bitcoin managed to increase heavily with bullish volatility within the bullish-increased-volatility-range as mentioned. What also formed simultaneously with this bounce to the upside is an MA-golden-cross with the 10-MA marked in black crossing above the 20-MA marked in blue, this development already showed up in reversed form as a death-cross before Bitcoin increased with the heavy bearish declines to the downside which is also marked in my chart. Now after these volatilities have shown up Bitcoin shooted above the main triple-bottom neckline shown in my chart in blue, after this shooting above Bitcoin pulled back to validated the final triple-bottom-confirmation with this dynamic triple-bottom-confirmation-box marked in my chart in green, such confirmation is also common besides a complete horizontal confirmation and as Bitcoin within this confirmation-box also bounced off the 10-MA this was the final legit confirmation of the whole massive triple-bottom-formation with the additional strong bounce increasing bullishness above the triple-bottom-neckline again. What is also good and speaking for the bullish case and an ongoing stabilization above the neckline as well as confirmation is the low volume by price in this range. All these technical factors giving the edge now for Bitcoin fully completing the whole triple-bottom-formation with the further determinations ready to emerge. Bitcoin, as it is now fully completed and confirmed the major massive triple-bottom-formation will continue with the further developments in the upcoming schedule. In this case, it is possible that there comes a second pullback to the neckline from where a further bounce has a high likelihood to establish. Overall as Bitcoin now is above very meaningful strong supports we can expect these to hold and a bullish stabilization above these zones from where Bitcoin can build up and continue further is very likely. With Bitcoin above these important support levels giving fuel for further continuations the CME-Gap-Level I also already mentioned in the previous analysis will be approached and the time-gap at 49250 marked in my chart has a high possibility to be filled, after that the fully confirmed triple-bottom-target-zone is within the technical triple-bottom-target-zone marked in green in my chart, this level is the technically the final triple-bottom-target which does not mean when it is reached that Bitcoin will have the ability to form a stabilization in this zone and continue further bullishly with the proper formation. Well, these facts and conditions Bitcoin has now shown have exemplified how swiftly and decisively the market can convert into a great setup structure with fundamental validations that are able to provide the right opportunities. Good setups are always given regardless of which conditions the market remains, what is the underlying essential requirement is that one does not mix up individual emotions of a direction into the market to keep advancing also when the market moves not in the right direction and do it better by time. For Bitcoin, it will be an interesting development ahead with the suggested conditions. In this manner, thank you for watching my Update-Analysis about BITCOIN and its confirmed tripple-bottom-conditions with what should be expected in the upcoming times, 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
46
BITCOIN (BTCUSD) – Week 32 – Bigger consolidation? Talen Energy Corporation, a power business, has announced a partnership with TeraWulf, a bitcoin mining startup, to establish a zero-carbon Bitcoin mining operation. Talen Energy stated in a news release that the joint venture will result in the construction of a 300-megawatt power facility. The statement notes that the partnership dubbed Nautilus Cryptomine leverages the strengths of the two companies, focusing on creating the convergence of clean energy sources and digital infrastructure assets. Bitcoin trading has always been popular in nations where currencies are steadily declining. Nigeria, a West African country, has always been on the cutting edge of BTC usage in the area. Due to a high young population, the rising popularity of technology, and a rapidly deteriorating currency, people of Africa's most populous country have turned to another alternative for value storage. Earlier in the year, the government of Nigeria announced a country-wide ban on cryptocurrencies. Instructing banking and payment institutions to stop facilitating the buying and selling of digital assets. But despite the ban, bitcoin adoption continues to be on the rise in the country. Technically, Bitcoin finds itself right now at the resistance area marked on the chart. If the price consolidates in this area or continues higher right away, we give a high probability for a continuation to the upside. If the price makes a sharp pullback, we have to study the structure to see what the price action is telling us. We advise caution, we are at an important price level. 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, Paramount Channel-Breakout, Key Determinations Now!Hello, Welcome to this analysis about Bitcoin and the main 2-days timeframe perspectives. As Bitcoin recently showed up with heavy bullish volatility in the structure due to short-liquidations that have taken place in the accumulation-phase with smart money operators accumulating even before these heavy bullish volatilities increased Bitcoin now has formed other important developments and price-action-formation that are determining factors for the upcoming assessments. In this case, now I discovered the main underlying key formational structures, underlying decisive price-levels and upcoming perspectives we need to consider with Bitcoins established structure and upcoming movements ahead of the next times. Structural Developments: As when looking at my chart, what is pivotal to realize here is that Bitcoin recently formed a very meaningful price-action as it emerged with the breakout above the upper-boundary of this massive descending-channel-formation it has formed over the last times marked in my chart with the black boundaries. Bitcoin rightly shooted above the upper-boundary with this increased volatility and spread and is now forming this kind of confirmational formation above the boundary from where Bitcoin has the ability to build upon. Besides that it is a good sign that Bitcoin bounced above the 9-MA marked in my chart in blue and also before the breakout formed a golden cross with the 9-MA crossing above the 15-EMA. Upcoming Determinations: Taking all these central factors into the consideration now Bitcoin formed this great breakout with which it now has the ability to continue with further bullishness, what will be crucial then is the testing of the main local-resistance-zone marked in my chart in red in the 45950 level. It is more likely that when Bitcoin approaches this zone there firstly comes a pullback to lower levels again which does not necessarily mean Bitcoin will continue trending downward when this happens as there is still support within the structure consisting of the 9-MA and 15-EMA structure and also the support at 42000 which was previously resistance. Therefore Bitcoin has good potential to further stabilize above this zone and form a building-up above this zone like it is marked in my chart. Such a formation has a great likelihood to be the source of the further breakout to the upside, in this case, it is highly necessary that Bitcoin increases with bullish strength and demand to finally close above the main local-resistance in red. A final close above this level will indicate the further continuation to the upside as Bitcoin will be in the bullish-continuation zone marked in green in my chart. When these developments properly show up the major resistance at 58250 will be appointed. For now the final confirmations are significant before further conclusions suggested can be made. In this manner, thank you for watching my update-analysis about BITCOIN and the main descending-channel-breakout with the further assessments important now, 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
5
BITCOIN, Forms Dedicated Bull-Pennant, Breakout Incoming!Hello, Welcome to this analysis about Bitcoin, we are looking at the 4-hour timeframe perspectives. Bitcoin in recent times has shown up with heavy increased bullish determinations to the upside as short-liquidations took place as well as a Sign-Of-Strength emerged planned by smart money operators to take advantage of the situation. Now as Bitcoin has shown up with these important developments it firstly pulled back in the structure moving to previous support-zones and testing them for occasional support to build upon and stabilize in the range. In this case, now I discovered a very interesting formation that has the ability to show up with greatly increased volatility determinations when the proper price-actions settle. Structural Developments: As when looking at my chart now we can watch there how Bitcoin just recently approached the main support-zone in the structure marked in my chart in blue, this is a zone where the major 38.2% Fibonacci-retracement is staying forming substantial support together with the 100-EMA in red. As Bitcoin already tested this support once and bounced to do this exactly anew, with the second bounce Bitcoin now has the ability to complete the key formation forming in this structure. This formation is a descending-bull-pennant marked in my chart with the black boundaries and the coherent wave-count within the formation with the pivotal waves A to C already completed and with the wave C approached and bounced in the structure support. Upcoming Determinations: Taking all these factors into the consideration now Bitcoin is in a situation in which it has developed this solid formation. This descending-bull-pennant-formation finally completes and confirmes with a bounce above the upper-boundary of the formation as it is marked in my chart and as Bitcoin already increased bullishness in the structure this breakout has an increased likelihood to emerge in the near future. Once the formation has completed with the suggested bounce above the boundary Bitcoin will activate the target-zone and the further continuations to the upside incoming, in this case, the activated target-zone is 46000 to 47000 and once this zone has been reached the situation needs to be elevated anew as the wave-count will be also completed. In this manner, thank you for watching my update-analysis about BITCOIN and the major descending-bull-pennant-formation likely to complete in the next times and upcoming determinations to consider, support the analysis with a like and follow or comment for more market insight! Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
17
BTC, Key Descending-Channel-Breakout, Further Alignments!Hello, Welcome to this update-analysis about BITCOIN, in this analysis, I am going to look at the 2-hour timeframe perspectives and especially I am going to exemplify what changed since the former origin-analysis, what are the main determination-factors, the structural formations, and what we can expect now in the upcoming times. Since the origin-analysis Bitcoin has shown up with important confirmations in the structure validating the elements and expectations of the origin-analysis. If you did not see this analysis already I highly recommend it to watch to have a full-depth-overview. As Bitcoin is in an important and decisive structure now I am looking at the main meaningful zones and incoming determinations we should consider. Strucural Developments: As when looking at my chart we can watch there how Bitcoin managed to form the breakout above the upper-boundary of this significant descending-channel-formation that I have highlighted in orange in my chart and made the lines thicker, Bitcoin increased with volatility and volume once it made the breakout above the boundary which is a good sign of bullishness and in fact this move contributed to the Sign-Of-Strength in the Wyckoff Accumulation Dynamic. What is also pivotal to note here is that Bitcoin managed to since a long time close above the 100-EMA, this is a great development because the last time Bitcoin made this bounce above the 100-EMA it was origin of greatly protracted bullishness as it is also seen marked in my chart. Contributed Factors: With these breakout-elements Bitcoin has contributed to a solid base on which it can build up in the next times to come. Besides the breakout determinations, Bitcoin also completed the wave-count within the channel reaching from A to C. Now as these establishments have occurred in the structure it will be important on how Bitcoin develops further here, as Bitcoin closed above the 100-EMA and slightly pulled back below it is likely that this pullback firstly moves on before Bitcoin finally sets up to another bounce above the 100-EMA, such a bounce and final close above the 100-EMA will be the source for further continuations to the upside and Bitcoin will move on to test the main remaining resistance which will be crucial for the overall further developments. Upcoming Determinations: When Bitcoin after testing the remaining resistance once pulls back firstly and manages to stabilize further in the structure to finally set up and breakout above the upper remaining resistance this will be the important confirmation for Bitcoin to finally determine further bullishness to the upside, it will be an important development ahead. In the last weeks, we have seen Bitcoin moving into a protracted accumulation phase till the new and fresh upside volatility has now settled, in such phases, it is best to either trade in a scalping manner the ups and downs in the accumulation or keeps patient till the right opportunities with increased volatility coming which have now a increased higher possibility. In this manner, thank you for watching my update-analysis about BITCOIN and the important confirmations that have settled with the incoming determinations pivotal for BITCOINs development, great when you support it with a like and follow or comment for more market insight! Information provided is only educational and should not be used to take action in the market.
COINBASE:BTCUSD
by VincePrince
14
How BTCs Main 2018 Bear-Market-Bottom-Fractal Can Finalize Anew!Hello, Welcome to this analysis about Bitcoin and the 2-day timeframe perspectives. In my recent research, I discovered a significant underlying fractal-pattern that Bitcoin is forming now similarly as it was already seen in the past. In the recent weeks, we have watched Bitcoin in a deliberate Accumulation Phase with Smart Money Operators pushing the prices up and down while accumulating their additional shares at bargain prices, this is why Bitcoin also emerged with this initial Sign-Of-Strength in which massive upside volatility developed resulted out of the increased short-squeezes happened in the structure. Bitcoin in these times is building a very similar structure to what already formed previously in the heavy 2018 bear-market crash with Bitcoin moved into a protracted accumulation to finally determine heavy upside volatility, such a similar situation is what Bitcoin is showing now, therefore I detected the decisive similarities and in this relation what we should consider with Bitcoin in the next determinations. Bear-Market-Bottom-Fractal: As it is presented and marked in my chart the main Bear-Market-Bottom-Fractal is consisting of five phases reaching from A to E all with their own characteristics and technical developments that complete the whole fractal leading to the finalization of the Pattern and building the source of these strong market dynamics. The first phase A is the actually highly bearish highly volatile breakdown increasing massively in long liquidations and form the new lows with exceptional volume and spread, this phase now developed similarly to the initial fractal. The second phase B is the phase where the accumulation starts and smart money moves into the market while the mainstream is still tried to be kept into thinking Bitcoin will fall more, it is the phase where initial bounces in the structure occur that do not first have the strength to finally move above resistance and develop a new bull continuation, although somewhat with more market noise Bitcoin developed the phase B now very in the same form already. The next phase C is a worthwhile phase as it is marking the actual lowest low in the whole structure, in this phase smart money traps retailers with pushing the prices below the previous support while heavily accumulating at bargain prices in these zones takes place, it is what we have seen in these prices-levels, billionaires moving into the market at these zones while on the other side china Bitcoin Mining FUD is spread further, what comes after this structure lowest low in the phase is a stronger bounce to the upside again testing remaining resistance. Once phase C has completed there comes phase D, in this phase Bitcoin remarkably increases with bullish strength as bears momentum slowing down and the structure higher low as explicated in my chart is formed with Bitcoin increasing adequately after bouncing from this zone developing the ascending-trend-line, what comes also in phase D is the pullback to the 50% to 61.8% Fibonacci-support where also the 20-EMA marked in blue is serving together with the Fibonacci-level as support, in the current structure Bitcoin is showing a highly correlated environment with the Fibonacci-levels and the 20-EMA ready to be marked as support. The last phase the phase E is where the magic happens and Bitcoin converts into the final confirmation of heavy bullish increased volatility, this has taken the shape of a massive green candlestick in the initial fractal shooting above the 65-EMA and the main structure support marked with the red dashed trendline. Bitcoin has the ability to form a very simultaneous movement in the new fractal that Is forming over the last weeks, once phase D has been fully completed it is realistic that Bitcoin when coming back to the structure support again as it was done in the initial fractal a solid bullish increased dynamic develops above the resistance with short-liquidations being the fuel for this move. Upcoming Determinations: With this amazing similarity in the already formed fractal compared to the current fractal there is a greater likelihood given that the current fractal continues with the remaining wave-developments as Bitcoin has done in the initial fractal. Even there is not much remaining here, in the near future we can expect the pullback to move on and test the crucial 50% to 61.8% Fibonacci-support where also the 20-EMA in blue is lying and together with the Fibonacci-support builds the support-base as it was validated in the first fractal. Once this happened and Bitcoin managed to bounce in this zone the next phase E with the expansion can be expected when Bitcoin finally closes above the main structural support. Taking all these factors into the consideration there is a reasonable potential that Bitcoin converts this whole structure into an astounding upthrust. It is necessary in such times to do not just overspeculate the market into one or the other direction as it is seen too often these times, especially when market makers try to influence public opinion, rather it is necessary to see the things going on with an objective eye to properly act when the right opportunities come up, this is also the philosophy we keep in the Elite VIP Channels and which brought us the right profitable worthwhile occasions at the right times and places. For Bitcoin now it will be interesting how this fractal develops anew and once the fractal continues as expected it is good to be prepared for the upcoming volatilities. In this manner, thank you for watching my update-analysis about BITCOIN and its main bear-market-bottom-fractal that is now forming similarly to the initial one already completed, great when you support it with a like and follow or comment for more market insight! Information provided is only educational and should not be used to take action in the market.
COINBASE:BTCUSD
by VincePrince
59
BITCOIN (BTCUSD) – Week 31 – Will the 43k resistance hold?Bitcoin is expected to achieve a market valuation of up to $200 trillion, according to Dan Held, Director of Growth Marketing at crypto exchange Kraken. BTC would be valued at roughly $9.5 million per token in this scenario. Speaking on Kitco News, Held asked host David Lin to suspend his disbelief over a $200 trillion Bitcoin market cap by saying he should consider the “total addressable market of store of value assets.” He went on to mention other store of value assets, such as gold, fiat money, sovereign debt, and real estate, which has a market valuation of $250 trillion. In some sense, they're all "inherently weaker" than Bitcoin as a store of wealth, he says. The Iranian government has blamed Bitcoin miners for the multiple power disruptions that have occurred in Tehran and other major cities. According to a recent report from CNBC, new companies have sprouted up in the aftermath of China's sweeping crypto-mining prohibitions. According to government officials, many of these mines are also operating without a license. Technically, in the last week’s report we mentioned the price testing the resistance area at 36k. We were right, but the price didn’t stop there, it pushed higher and reached 39k in the first phase of the move. Now, the price is at the resistance area at 42-43k and it looks like it is in a correction phase. For now, the price action has a higher probability of breaking to the upside after the consolidation that takes place in the red channel marked on the chart. We can see a move to the lower bound of the red channel or even the support area, before resuming the uptrend. 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
6
Bitcoin, Local Ascending-Wedge, Important Zones!Hello, Welcome to this analysis about Bitcoin and its 4-hour timeframe perspectives. Bitcoin reached important resistances in the structure and besides that is forming an important and decisive formation in this structure. This formation is an ascending-wedge-formation marked in my chart with the blue boundaries. In this formation, Bitcoin has the coherent wave-count with the waves A to E almost already completed and with the final wave E recently moving into the upper-boundary from where an initial pullback is likely and the beginnings already show up, when Bitcoin then continues with the pullback to test the lower boundary of the formation this will be crucial, when Bitcoin moves below the boundary the wedge will be completed and the target-zone marked in my chart in blue will be activated. Once these zones have been reached Bitcoin has the ability to stabilize again. For now, we should not underestimate the possibility for this local pullback however as there are solid supports in the structure there is still the potential for a stabilization back-up given, it will be an interesting development ahead. In this manner, thank you for watching my update-analysis about BITCOIN and its local ascending-wedge-formation, great when you support it with a like and follow or comment for more market insight! Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
64
BTC, Third Consecutive Close Above 31500, Likely Scenarios Now!Hello, Welcome to this update-analysis about Bitcoin and the weekly timeframe perspectives. Since the origin analysis I uploaded on the 6Th of June the overall picture has changed exorbitantly and Bitcoin has developed some worthwhile price-actions that altered the interface and will be a decisive source for the upcoming movements. If you did not see the origin analysis already I highly recommend it to watch to have a full-depth-overview. In this case, now I detected the further possibilities, upcoming determinations, and what we should consider with Bitcoin in its determined structure and nearing price-actions. I altered certain lines and colors or added them to exemplify which zones and scenarios are meaningful now. Third Consecutive Close Above 31500: As mentioned in the Origin-Analysis the 31500 was a highly important level for Bitcoin to hold sustainably because without that when Bitcoin would have moved below this level with bearish price-action it would have been the source for a substantial increase of bearish selling pressure into the bearish-continuation-zone marked in red however as Bitcoin now managed to bounce and close really a third time above this important support marked in blue in my chart this is marking a substantial sign for a solid bullish stabilization above this level from where Bitcoin has the ability to build upon which it already did with recent bullish volatility increases in the local structures as well. EMA-Structure And Tests Of Remaining Resistance: It is also a good fact that Bitcoin managed to remain above the 65-EMA marked in red as well as the 45-EMA in blue, besides that Bitcoin managed to bounce of the 65-EMA in red two times simultaneously as Bitcoin bounced from the main support zone. Now all these factors indicating a bullish continuation for Bitcoin firstly to test the remaining resistance which Bitcoin has within the 46810 levels marked in my chart in red. When Bitcoin approaches this zone it is likely that there firstly comes a pullback that moves on to test lower levels in the structure as support which will be crucial because in this case, Bitcoin needs to hold them maintaining further stabilization above, currently, it has an increased likelihood however it is necessary to await these confirmations. Upcoming Perspectives: What we have seen here the last weeks with Bitcoin bot defending the EMA-structure as well as the support was also an ongoing accumulation phase in which smart money operators accumulated further while weak hands got shaken out, about which I already informed in recent publications. Now as the first sign of strengths emerged public gets also more attention again and the possibility for further bearish declines decreases. For now it will be important how Bitcoin develops with the suggested conditions as mentioned and if this happened sufficiently it will be the completion of the major wave D in the Fibonacci-count and then the setup for the wave E as it is marked in my chart in blue, it will be an interesting journey ahead. In this manner, thank you for watching my update-analysis about BITCOIN weekly structure and the main developments and upcoming perspectives since the Origin-Analysis, great when you support it with a like and follow or comment for more market insight! Information provided is only educational and should not be used to take action in the market.
COINBASE:BTCUSD
by VincePrince
32
BITCOIN-WYCKOFF-UPDATE, Sign-Of-Strength Emerged!Hello, Welcome to this update-analysis about Bitcoin and its Wyckoff Accumulation Developments that are taking place since the increased bearish volatility to the downside has shown up in May this year. In the former origin-analysis, I already exemplified the main phases of Accumulation Bitcoin developed and with its decisive elements such as the selling-climax or the spring, if you did not see this analysis already I highly recommend it to watch to have a full overview as this analysis is building upon it. Since the former analysis, significant measurements changed the interface of Bitcoins structure however what has not changed is that Bitcoin is proceeding further in its Wyckoff-Accumulation-Developments and that an upside movement has a higher possibility. Especially in recent times, the recent 24 to 36 hours paramount processes have taken place in the cryptocurrency market. Surely within all of the whole Accumulation Pattern, decisive events have taken place such as smart money accumulating further or bigger financial institutions such as banks showing interesting in Bitcoin however in the past 24 to 36 hours crucial determinations have taken place finally that manifested in a real price-action surge fitting to the Wyckoff-Accumulation-Development and building the foundation for further steps that are likely to take place in the near futures. In the past 24 to 36 hours Bitcoin gained almost over 15% in a sharp short-squeeze consisting of heavily increased short-liquidations, it shows how proper preparation in the foremath can help to gain an advantage in the market and do not get trapped by market makers, a critical event that brings the urgency to look closer into the situation. Second Test: As when looking at my chart we can watch there that Bitcoin since I published the origin-analysis on the 29th June has protracted with its development in phase D and moved on to test the range between 29785 and 31100 a second time and because the bearish selling pressure and volume did not increase Bitcoin sufficiently marked this range as solid support in which Bitcoin bounced to the upside. It was also the point in which bigger companies accumulated additional shares such as the trading firm of the richest Bitcoin billionaire buying a lot more shares within this zone. These developments showed up with an initial bounce to the upside that was a great origin for further upside developments and the last-point-of-supply in the structure. Short-Liquidations-Squeeze Resulting In The Sign-Of-Strength: Once Bitcoin moved on with the bullish developments since the second test of the lower strong support zone Bitcoin approached the main 34500 level, within these movements further shorts accumulated in the market. In this zone then it came to the actual short-liquidation-spike marked in my chart within the blue box as spread and volume heavily increased in the structure this determined and formed the decisive Sign-Of-Strength (SOS) which is an inherent element within the Wyckoff Accumulation Phase D, even in Binance Perpetual Contract this Spike shot almost to 48000 USD and a lot of shorts got liquidated almost nearing 1 BIllion US-Dollar Short-Liquidations. This movement marks the final fundamental increase of bullish strength and what normally follows after that now is a last-point-of-supply and back-up that in most times tests previous resistance as support, in this case, this will be between 35500 and 36000. About Wyckoff: When considering all these factors is highly necessary to recognize the inherent meaning of a Wyckoff Accumulation or Distribution, it is not about a single price-action formation such as a triangle or flag-formation which can occur in every timeframe, it is about the market behavior in which big players operating to utilize the market in a manner that it fits their interest, to either accumulate or distribute at the given manipulated prices. Knowing these facts and especially do not ignoring them is crucial to further one's advancement in markets such as the cryptocurrency market in which smart money operators already settled. Therefore these patterns need to be assessed neutrally to do not get trapped by these market behaviors. The basis of such a pattern is always the same, there are the same steps that follow up to complete such a pattern similar however neither market situation is always 100% similar to previous ones, this is why there are always changes in the price-formations, amplitudes, volumes and this is why a pattern can be also extended or contracted with certain elements coming up not only once like it is the case with Bitcoin here as it moved on with a second test now. Therefore realizing that there are real humans, smart money operators, as well as retail participants behind the market price-actions, is similar pivotal. Perspectives: As Bitcoin now protracted with the phase C to develop a second test and finally show up with the major sign-of-strength that recently developed increasing short-liquidations heavily on almost all exchanges this has a high likelihood to build the source for the next processes within the Wyckoff Accumulation and once Bitcoin has found support within the suggested level as seen in my chart there is a good constitution of Bitcoin bouncing above the upper remaining resistance at 40600 which will lead Bitcoin to enter phase E. This shows one more time that technical analysis is empirical since regardless of what academics stating often that it is just random walk theory, there are patterns that keep repeating within the market and as a sophisticated trader it is possible to take these up and convert them into valuable opportunities, the only thing that is central is to not get distracted by ones own emotions into a one-sighted direction. In this manner, thank you for watching my analysis about BITCOIN and the Wyckoff-Accumulation-Developments that are determining factors for Bitcoins establishment. It will be great when you support the analysis with a like and follow or comment for more market insight! Information is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
90
BTC/USDIn case the bulls can close the weekly bar above 38.4k, there would be a decent chance to see 42k again this weeks. I'm looking at the current major support as a good entry point this period for BTC , only to resume the bullish move after that. In a period of days BTC is currently +11.92% increase in value without any correction in between. and this is very healthy for the trend 🚀. -Use risk management and be ready for all scenarios -Don't forget likes and follow for more ideas and signals -Best of wishes ❤️
Long
by DeclanBrock
10