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Bitcoin, Develops Channel-Formation, How A Breakout Can Emerge!Hi, Welcome to this analysis about Bitcoin, we are looking at the 45-minute timeframe perspectives. Bitcoin lastly protracted its bearish developments to the downside and moved on to test important remaining support-zones especially on the more global perspective there is meaningful support between the 38.000 to 39.000 USD level where Bitcoin has the ability to initially increase with bullish price-action in the upcoming times and when this price-action is strong enough this can finally convert into a breakout after which Bitcoin closes above the upper-boundary of the channel, such a determination will be the indication for the further continuations and testing of the remaining upper-resistances from where the situation needs to be elevated anew. In this manner, thank you for watching the analysis and great contentment for everybody supporting, 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 market.
BYBIT:BTCUSD.P
by VincePrince
2
Bitcoin, These Scenarios Necessary For A Determined Reversal!Hi, Welcome to this analysis about Bitcoin, we are looking at the 12-hour timeframe perspectives. Bitcoin in recent times moved on with further legs to the downside, besides that now I discovered a major descending-channel-formation that Bitcoin has developed lastly marked with the black boundaries in my chart. Within this channel, Bitcoin has the coherent wave-count with the waves A to C completed, and now the wave D is likely to move on and test the upper main resistance-cluster from where a pullback and therefore origin of the wave E is highly likely after that the crucial developments will come when Bitcoin testing the lower levels of support and the back-up-cluster, when Bitcoin manages to emerge with a sustainable stabilization within there this can possibly lead to a channel breakout, however, therefore, it is highly necessary that Bitcoin manages this stabilization otherwise bearish pressures can increase further. In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best! "The key to success is to focus on goals, not obstacles." Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
11
BITCOIN | Inside a Buying Area!Hi, At the moment, the price of Bitcoin trades inside a possible buying zone. Criteria are quite good and at least a short-term bounce should come from the current area. Considering long-term buyers then, we still might see lower prices so, be careful with that because 50% correction from the top can still happen ;) Criteria: 1. Equal waves of AB=CD 2. Channel projection 3. Resistance becomes support 4. Daily EMA200 (haven't touched it over a year) 5. Round number 40k 6. Fibonacci rejection 7. Inefficiency around the current price Target: 46-50k Stay healthy, Vaido
COINBASE:BTCUSDLong
by VaidoVeek
8
BITCOIN (BTCUSD) – Week 20 – Bigger correctionThe week that passed was full of news and volatility for the leading cryptocurrency of the world. According to a tweet from Tesla CEO Elon Musk on Wednesday, the company has “suspended car transactions using bitcoin” due to concerns about the “rapidly increasing use of fossil fuels for bitcoin mining.” The price of bitcoin dropped about 5% in the first minutes after Musk’s announcement. However, there are also bullish signs ahead for the long-term future of Bitcoin. Square, the crypto-friendly digital payments provider, has confirmed to Decrypt that it has no intention to adjust its Bitcoin investment policy and MicroStrategy is undeterred by the $300 billion crypto market crash caused by Elon Musk, and continues to invest millions in Bitcoin. Technically, it seems that Bitcoin is consolidating in the area of $50k USD for one move down. So, for this pair we are short term bearish. Potential target for reversal is the strong support area at $43k USD. Even if there is a possibility for a bigger correction with the price going higher, if the price stays below resistance on the chart, we expect one more down wave. 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. 🌍 Website: www.finflagship.com 👉 Youtube Channel: www.youtube.com
BITSTAMP:BTCUSDShort
by financialflagship
Bitcoin, Since Heavy Pullbacks, These Scenario To Consider!Hi, Welcome to this analysis about Bitcoin, we are looking at the 2-hour timeframe perspectives. After the news yesterday came in that Tesla won't accept Bitcoin anymore because of the harmful emissions resulting from mining Bitcoin the price heavily moved to the downside with this volatile bearish price-action, which was expected sooner or later, and now the events exaggerated. At present Bitcoin is likely to move on to test the remaining upper resistance as marked in my chart and after that show up with the actual crucial decisions with either holding this main ascending-trend-line and stabilizing above it or moving below it which will result in a wave-C-extension to the downside. These are the two main scenarios important in the next times and it is necessary to wait for the proper validations before moving into the final right direction. In this manner, thank you for watching the analysis and great contentment for everybody supporting, 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 market.
BYBIT:BTCUSD.P
by VincePrince
10
This Is Why Bitcoin Can Jump To Test Crucial Resistance Anew!Hi, Welcome to this analysis about Bitcoin, we are looking at the 3-hour timeframe perspectives. Bitcoin in recent times is holding its established range in the structure where it severely pulled back bearishly from the main upper-resistance marked in red. Now in the current structure Bitcoin is forming this main descending triangle-formation that has the ability to complete in the next times and when this happens Bitcoin will move on further with alignments to test the major upper-resistance anew where a next pullback is highly likely and should be expected after that it has to be elevated if Bitcoin finally breaks down bearish below its range or manages to hold the supports sustainably, it will be definitely interesting and important development. In this manner, thank you for watching the analysis and great contentment for everybody supporting, 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 market.
BYBIT:BTCUSD.P
by VincePrince
13
Bitcoin, Approaches Decisive Zones, These Scenarios Important!Hi, Welcome to this analysis about Bitcoin, we are looking at the 4-hour timeframe perspectives. Bitcoin in recent times somewhat recovered from its heavy bearish downside price-action however did not yet manage to fully confirm to a sufficient finalized reversal with continuation-potentials. Now Bitcoin is trading within this main ascending-channel-formation where is has the coherent wave-count within and still, this important resistance-cluster above that should not be underestimated, when Bitcoin moves into these zones it is likely that a pullback firstly establishes rather than Bitcoin moving through these zones right away, when Bitcoin closes below the lower boundary this will indicate certainly lower levels to be tested firstly. In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best! "Trading effectively is about assessing possibilities, not certainties." Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
2
Bitcoin, In Crucial Decision-Zone, Upcoming Perspectives!Hi, Welcome to this analysis about Bitcoin, we are looking at the 2-hour timeframe perspectives. Since Bitcoin has established somewhat of an initial bullish pace it moved on to test important remaining resistances in the structures. Besides that as I discovered now Bitcoin has developed this ascending-channel-formation where it has room to move on further however it will run directly into the remaining upper resistances marked in red where further decisions need to be made and it needs to be shown if Bitcoin manages to stabilize in these regions or firstly sets up to form pullbacks moving to lower levels. Taking all these factors into the consideration it is necessary that Bitcoin holds the lower boundary and does not visit the invalidation zone. In this manner, thank you for watching the analysis and great contentment for everybody supporting, 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 market.
BYBIT:BTCUSD.P
by VincePrince
7
Bitcoin, Triangle-Formation In The Structure, How It Completes!Hi, Welcome to this analysis about Bitcoin, we are looking at the 2-hour timeframe perspectives. As expected previously Bitcoin managed to break out above its descending triangle I mentioned in the previous analysis and now moved on to test the remaining resistances in the structure. Now Bitcoin holds above the 55- as well as the 25-EMA and besides that is building this decisive triangle-formation there with the coherent wave-count within which will complete within the next times. When the wave-count completes and Bitcoin breaks out above the upper boundary with a solid bullish price-move as shown in my chart Bitcoin will be ready to move on further bullishly to the upside and at least appoint the upper-resistances remaining when the bullish edges establish rightly. In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best! "Trading effectively is about assessing possibilities, not certainties." Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
8
Bitcoin, Builds Triangle-Formation, Setup For A Breakout!Hi, Welcome to this analysis about Bitcoin, we are looking at the hourly timeframe perspectives. As Bitcoin in recent times managed to initially bounce in the structure it is now about to build up and as I discovered now Bitcoin is building this major descending-triangle-formation marked in my chart in orange with the coherent wave-count within the triangle which already almost completed. Now when Bitcoin manages the breakout above the boundary in the next times as shown in my chart this will complete the whole formation bullishly to the upside and will be the set-up for the further continuation as well as the wave-C-development, Bitcoin then will have a good potential to move on and test the 60.000 USD level, it will be an interesting development. In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best! "Good luck is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
11
Bitcoin, Here Is How A Sufficient Channel-Breakout Can Emerge!Hi, Welcome to this analysis about Bitcoin, we are looking at the daily timeframe perspectives. Since Bitcoin showed up with heavy bearish volatility and increased volume to the downside it somewhat found support and managed to initially recover, these developments, however, did not yet convert into a final continuation-confirmation, therefore it is highly necessary that Bitcoin holds the important support marked in my chart in blue substantially and do not fall below it because this will initially invalidate further bullishness. When Bitcoin then manages to hold the support and bounces from there this can lead to a final channel breakout above the upper-boundary as it is shown, therefore it is inevitable to keep patient on the final confirmation before moving into the direction. In this manner, thank you for watching the analysis and great contentment for everybody supporting, 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 market.
BYBIT:BTCUSD.P
by VincePrince
1
Bitcoin, Testing Remaining Zones, Upcoming Perspectives!Hi, Welcome to this analysis about Bitcoin, we are looking at the 6-hour timeframe perspectives. Since Bitcoin heavily pulled back from the established all-time-highs it firstly somewhat recovered in the structure and has now completed this decisive ascending-wedge-formation where it firstly moved bearishly below the reference support zones. This price-action is indicating a continuation and establishment of the wave C to test the lower levels at 48.200 USD as shown in my chart, these zones have a good potential for Bitcoin to bounce and form a considerable bullish pace to the upside again, otherwise, when this does not happen and Bitcoin falls below the supports this will lead to a wave-C-extension with the testing of further levels. In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best! "Trading effectively is about assessing possibilities, not certainties." Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
12
BTC, Establishes Major Channel, How Sufficient Breakout Forms!Hi, Welcome to this analysis about Bitcoin, we are looking at the 2-day timeframe perspectives. On this more global perspective, Bitcoin is since a more or less long time moving in this main sideways range where it is consolidating between the boundaries of the major ascending-channel-formation marked in my chart, such movements can be distracting for unexperienced traders however when done right it is also good to make profits in the market as we managed it. Now when bitcoin holds the structure within the channel and builds upon it as it is seen in my chart this can lead to a great upside breakout with continued volatility to the upside, therefore it is highly necessary that Bitcoin rightly holds the range and do not fall below the boundary because this will initially invalidate bullishness. In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best! "Trading effectively is about assessing possibilities, not certainties." Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
4
How Bitcoin Can Form Sufficient Breakout Above Remaining Zones!Hi, Welcome to this analysis about Bitcoin, we are looking at the 12-hour timeframe perspectives. As already mentioned in previous analysis Bitcoin has formed this main inverse head-and-shoulder-formation which is likely to complete within the next times with the finalization of the right shoulder. Besides Bitcoin recently moved above the boundary of this main descending-channel-formation and marked it as support. When Bitcoin shows up with further bullish stabilization and continuation this will lead to a breakout above the remaining resistances, when such a price-action happens as it is shown in my chart this will be the origin of further continuations to the upside when Bitcoin does not increase bearish pressure massively again. In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best! "Good luck is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
6
Bitcoin, Develops Decisive H-S-Formation, How It Finalizes!Hi, Welcome to this analysis about Bitcoin, we are looking at the 4-hour timeframe perspectives. In recent times Bitcoin manages to somewhat move above important remaining resistances and besides that, I discovered an interesting and decisive formation Bitcoin is about to form in the structure now which is an inverse head-and-shoulder-formation with the left shoulder and the head already completed and now with the right shoulder about to develop in the strucure. With the ending of the right shoulder, Bitcoin has some good support lying there which is important to hold for a bounce to the upside and completion of the right shoulder from where Bitcoin can move on with a breakout and final completion of the whole head-shoulder-formation. In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best! "Trading effectively is about assessing possibilities, not certainties." Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
12
Bitcoin, Testing Remaining Zones, Determining Scenarios!Hi, Welcome to this analysis about Bitcoin, we are looking at the 3-hour timeframe perspectives. Since this major bullish bounce to the upside recently occurred with Bitcoin moving above important resistance with exceptional demand moving into the market Bitcoin is now testing these main remaining resistances marked in my chart by the descending-resistance-line in black, and the horizontal resistance level in blue, these are two significant resistance-reference-points above which Bitcoin need to move to maintain continued bullishness and testing of further resistance, when this does not happen and Bitcoin does not hold the ascending-channel this will lead to an initial invalidation of the bullishness to test lower levels. For now, it will be meaningful how Bitcoin reacts in the resistances further determining further developments. In this manner, thank you for watching the analysis and great contentment for everybody supporting, 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 market.
BITSTAMP:BTCUSD
by VincePrince
3
Bitcoin LTF ready for $50000 or $65000...?#BTCUSDT LTF Update:- $BTC currently trading at $54900 And now trading at resistance level $55000 If price sustained above $55500 then My target will be $65000 Otherwise ready for $50000 So CryptoPatel Levels:- Above $55500 = $65000 Below $55000 = $50000 If closed ( any small time frame candle minimum 1H candle ) above $55500 then Target would be $59398 $62293 $64773 But If not sustained above $55500 then $50000 $44000 $38000 Please click LIKE button and Appreciate my hard work. Must follow me for latest crypto real time updates. Thank you.
COINBASE:BTCUSDShort
by CryptoPatel
31
Bitcoin, Channel-Breakout Developed, Continuations Ahead!Hi, Welcome to this analysis about Bitcoin, we are looking at the 4-hour timeframe perspective. Since Bitcoin recently has shown up with this strong bounce to the upside it has formed a very interesting structure determined by this descending-channel-formation marked in my chart with the black boundaries. Recently Bitcoin managed to bounce above the upper boundary and close there, this gives the setup for a sufficient continuation to the upside when Bitcoin holds this zone further, when this happens as the likely scenario Bitcoin will move on and continue to the upside-targets marked in blue in my chart from where the situations need to be developed further and it needs to be shown if Bitcoin manages a continuation above the remaining resistances. In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best! "Good luck is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
5
Bitcoin, Why And How A Sufficient Breakout Can Establish!Hi, Welcome to this analysis about Bitcoin, we are looking at the 4-hour timeframe perspectives. In recent times Bitcoin has shown up with an interesting upside bounce firstly initially on the local timeframe perspective moving above the previous resistance now as I discovered Bitcoin has established this main descending-channel-formation. When Bitcoin manages to stabilize within the range in the channel as shown in my chart to form a breakout above the upper boundary this will lead to a continuation to the upside and testing of the remaining upside-targets marked in my chart around the 56950 levels, therefore it is highly necessary that Bitcoin holds the supports and do not fall below them because this can possibly invalidate bullishness. In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best! "Trading effectively is about assessing possibilities, not certainties." Information provided is only educational and should not be used to take action in the market.
COINBASE:BTCUSD
by VincePrince
6
Bitcoin, In Massive Channel, Determining Scenarios Upcoming!Hi, Welcome to this analysis about Bitcoin, we are looking at the global 4-days timeframe perspective. Since Bitcoin on the more local timeframe perspectives has shown up with bearish declines testing now established supports there is the possibility given that it sets up for a wave to the upside however when this happens Bitcoin will run directly into the upper wave-distribution-range marked in my chart in red from where a pullback is highly likely especially as Bitcoin will move into a much higher overbought condition now this does not mean Bitcoin is completely bearish forever however when Bitcoin pulls back in this range it can indicate a much bigger bearish aligned pullback testing the lower zones of support as marked in my chart. It is important to do not overspeculate the market in such phases as especially the cryptocurrency market keeps being volatile to the up as well as to the downside therefore it is necessary to do not rely upon a certain direction as changes can happen more swiftly and fastly like the previous local pullbacks have shown one more time. It is not seldom seen that after such initial declines happened the market manages to back up a little bit before a bigger pullback shows up which can be the case when Bitcoin reaches the upper distribution levels. Now after this it has to be measured how Bitcoin reacts to the remaining supports then as they can be the origin of more upside potentials in the upcoming times, as traders we should be prepared on both scenarios. In this manner, thank you for watching the analysis and great contentment for everybody supporting, 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 market.
BITSTAMP:BTCUSD
by VincePrince
6