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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
LOOKING VERY BEARISH TOO 34K TARGETWell all you bulls might just hate me for saying this but the chart patterns, my technical analysis,indicators/signals,confirmations from my “M.E.L.T.S STRATEGY “ is telling me that we are not done going down using the daily chart, the RSI is a little over sold but at 30 it could be used as momentum when we have not 1 pattern to breakdown but 2 together , a large s.triangle with a rising wedge inside with both having the same support trendline to break through, the target from this bearish breakdown is exactly 34K at the 200-ma , I use a total of 15 signals that are in confluence with each other and work as a great winning football team like the PATRIOTS when they had the dream team together, they worked insync and in synergy together with each giving one another confirmation that they would win the game , my strategy is telling me that the bears are going to win this matchup, everything is lit 🔥 up red for the bears on my strategy with every indicator and signal on 🔥 fire , well u guys tell me what you think? This will not happen overnight but within the next 2 days we are going to have very low volume followed by some huge breakdown volume to smash through the double support 2 triangles, hey maybe I’m wrong, Chris moodys tops/bottoms is in the extreme red bottom saying the bottom is in so let’s just see if that 1 indicator can put match my technical analysis chart patterns and the other 14 signals saying otherwise on the DAILY, thanks SHA256BITTRADER
BYBIT:BTCUSD.PShort
by TRADERBUG_TECH
BITCOIN (BTCUSD) – Week 17- Bearish territoryThe Louisiana House of Representatives recently passed a bill praising Bitcoin and its eponymous founder Satoshi Nakamoto for "contributing to economic stability." It claims that the flagship cryptocurrency will eventually replace gold as the world's reserve asset. The Chinese government, which is famous for its anti-Bitcoin and anti-cryptocurrency policy, seems to be softening its stance. According to Li Bo, Deputy Governor of the People's Bank of China, the country is considering Bitcoin as an alternative investment. Bitcoin is sometimes referred to as a store of value asset and a hedge against other areas of finance since it is not tied to any central government or country. Former risk analyst and author Nassim Taleb, on the other hand, disagrees. In an interview with CNBC on Friday, after noting Bitcoin’s (BTC) similarity to a Ponzi scheme, Taleb said: “There’s no connection between inflation and the coin. None.” Technically, since we broke the blue trendline marked on the chart we find ourselves in bearish territory. We have to study the market structure at the support or resistance areas marked on the chart to understand where the next wave will be. There is a high probability for the price to reach the support at $43k after it touches the resistance or straight away. 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
4
Bitcoin, Why And How A Alteration In Dynamic Can Establish!Hi, Welcome to this analysis about Bitcoin, we are looking at the hourly timeframe perspectives. Since Bitcoin has shown up with its massive bearish declines to the downside it is testing lower support-zones and has now formed this descending-channel-formation marked with the boundaries in black, within this channel Bitcoin has the coherent wave-count and already completed the waves A to C within it, now with the wave D developing that will run directly into the main resistance-zone where a pullback is likely. Bitcoin then will continue till there is support found in which further stabilization and then a breakout-attempt is possible however when Bitcoin moves below this blue support this will lead to the invalidation of the channel and continuation bearishly. 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
9
BITCOIN | Full of Bearish Pressure!Hi, Over a year, we can say that the price of Bitcoin is in the bearish market. Do you want it or not but we have several confirmations from the price action which confirms that it is true. Bearish confirmations from the Daily timeframe: 1. The correction from the top is more than 26% (standard bearish market definition is 20% correction from the top) 2. Almost all the bullish trendlines are broken, the drawn white trendline needs a Daily candle close below of it and it will be confirmed - basically the key criterion. 3. We have a first lower low (LL) since Sept. of 2020 4. We have Daily candle closes below 50EMA. Haven't seen it since Oct. of 2020 These are major criteria that allow me to think that the bearish market has started. I don't know how long it will last but still, I want to point out some areas which can play important role in the further price action. The first important area comes around 40k, if the price falls lower than the current price then I think this price zone will stop it and even can produce reversals (if the price reaches there I will make an update). It depends on how today's candle will close. If it closes below the trendline the 50k retest and we are going approach 40k. I'll start to write a long post but I started to think that the whole concept of this will be ruined after today's candle closes above 50k and above the trendline. So, take this post as an alert and you have been worn ;) Stay healthy, Vaido
COINBASE:BTCUSD
by VaidoVeek
20
Bitcoin, Fully Completes Wedge-Formation, Further Conclusions!Hi, Welcome to this update-analysis about Bitcoin, we are looking at the 12-hour timeframe perspectives. As mentioned in the origin-analysis Bitcoin made the major move below the lower boundary where it had strong resistances given likely to show up with a continued pullback, this possibility now fulfilled as expected. As Bitcoin showed up with further bearishness it is pointing to the lower zones of support mainly within the 45750 level marked in blue from where Bitcoin has the ability to back-up again however when this does not happen and Bitcoin falls below this line it is likely to be the source of further bearish continuations to the downside, for now, the bearish side should not be kept by side in this case. 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.
BITSTAMP:BTCUSD
by VincePrince
13
Bitcoin, Forms Head-Shoulder-Formation, Incoming Determinations!Hi, Welcome to this analysis about Bitcoin, we are looking at the 2-hour timeframe perspective. Since Bitcoin has shown up with heavy bearish declines it somewhat found some marginal support in the structure however did not yet manage to rally above, this shows relative bullish weakness. Besides that Bitcoin has now completed this head-and-shoulder-formation in the structure in which it made the breakout bearishly below the neckline, as Bitcoin has this major resistance-cluster given this is the likely origin for a bearish move to the downside as the head-and-shoulder-formation completed, Bitcoin will then continue till the lower levels and targets are reached within the dynamic-target-zone 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! "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
20
Bitcoin, Develops Triangle-Formation, Given Possibilites!Hi, Welcome to this analysis about Bitcoin, we are looking at the 2-hour timeframe perspective. Bitcoin the recent times moved into a precarious situation because it has developed with these strong bearish declines that should not be underestimated, it is not seldom seen that the market sets up to continue. Now Bitcoin is forming this decisive triangle-formation marked with the black boundaries, the bullish breakout has a slightly higher possibility however the key here is the proper confirmation either to the up or downside, even when Bitcoin manages the upside breakout there is a strong resistance lying likely to show up with a pullback that can move Bitcoin to lower levels again, it will be an 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
17
Bitcoin, Main Channel-Formation, Determining Considerations!Hi, Welcome to this analysis about Bitcoin on the daily timeframe perspective. In recent times Bitcoin is has formed several moves to the up and to the downside forming this main ascending-channel-formation with the coherent wave-count within and with the waves almost completing with wave E the next times, this wave E can move some more to the downside however when Bitcoin can not hold the lower boundary zone marked in orange and finally bounce there substantially this will lead to a bullish invalidation and increase of bearish pressure otherwise when Bitcoin manages to bounce within the testing of remaining resistances will come up which will be crucial for stabilization as there are significant resistances still given. 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
5