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Bitcoin, Since Bearish Pullbacks, These Levels Are Important!Hello Traders Investors And Community, Welcome to this analysis about Bitcoin, we are looking at the 2-hour timeframe perspective. Recently Bitcoin shown up with heavy serious bearish pullbacks that should not be underestimated here nevertheless the potential for stabilization and ongoing bullish continuation is given, in this case, I discovered all the important levels and likely destinies we should consider within the established structure and upcoming movements ahead. As when looking at my chart we can watch there how Bitcoin moved into this ascending-trend-line marked in blue which is also matching with the horizontal supports and the 200-EMA in red lying there making it a good zone for Bitcoin to move initially to the upside and test the 65-EMA in green and this descending-resistance-line in grey, when Bitcoin then manages a sustainable stabilization within this range between the descending-resistance-line and the ascending-support-line this can lead to a great upside-breakout when Bitcoin increases with bullishness further, therefore, Bitcoin needs to close above the descending-resistance-line properly and do not increase with bearish pressure again. Mainly it is inevitable that Bitcoin stays within the range considering an upside-breakout and do not fall below the ascending-support-line because this will invalidate the whole bullishness and move to lower levels to be reached. Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, 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.
COINBASE:BTCUSD
by VincePrince
9
BTC Short Playing Out As Predicted!The BTC short I wrote about yesterday is playing out exactly as predicted :) Based off the sell signal from my Whales Buy-Sell indicator and the MFI Pro, we accurately predicted that BTC would fall to at least the $57,853 support level which it broke and went to our next support of $54,180. Currently BTC is holding that support but if the 8hr candle closes below $54,180 then I can definitely see us going to $50,918. I can see at least 1 more day of downside (based off of the MFI Pro taking time to break below 30) before we consolidate for a couple days and try for another leg up. If you have any questions about the indicators used, my technical analysis, or want to buy the Whales Buy-Sell indicator, please PM me :)
BYBIT:BTCUSD.PShort
by CryptoScripts
Bitcoin-Update, Further Developments In The Wedge-Formation!Hello Traders Investors And Community, Welcome to this update-analysis about Bitcoin, we are looking at the daily timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. Since the former analysis Bitcoin moved on with the wedge-development as expected and developed the bounce from the main back-up-cluster confirming to the major wave E within the wave-count, if you did not see this analysis already I highly recommend it to watch to have a full-depth-overview as this analysis is coherently following up on it, therefore I detected all the important levels and likely destinies we should consider with Bitcoin in the established structure and upcoming movements. Structural Developments: As when looking at my chart now we can watch there how Bitcoin moved into the new all-time-high-regions since bouncing to the upside from the back-up-cluster which was the origin of the wave E within the underlying wave-count, now since Bitcoin slightly advanced in the new all-time-high-region and pulled back anew Bitcoin is testing previous levels of support from where a back-up is possible within the local back-up-cluster marked in my chart in blue, when this level holds sustainably and Bitcoin manages the proper bounce from this zone Bitcoin will move on with its wave-development and approach the upper zones of resistance from where the crucial developments will show up and pullbacks should not be kept by side. Upcoming Determinations: Taking all these factors into consideration Bitcoin is trading in a situation with which it will likely complete the wave-count within the next times running into the strong upper resistance-cluster I mentioned already in the former analysis, this will be crucial as Bitcoin has a high likelihood to show up with a bearish pullback from there and since Bitcoin is still trading within this major ascending-wedge-formation this can be the decisive turning-point for completion of the whole formation which will happen when Bitcoin finally moves below the lower-boundary as it is shown in my chart, therefore, in sight of this strong massive formation this bearish perspective should not be kept by side in any case. Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, 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
5
Bitcoin, Breakout In A-T-H-Dynamics, Determined Objections Now!Hello Traders Investors And Community, Welcome to this analysis about Bitcoin, we are looking at the 12-hour timeframe perspective, recent events, the established formational structure, and what we can expect in the upcoming times. Bitcoin recently made the main breakout into the new all-time-high-regions where it has shown up with great bullish volatility, now as these events emerged I discovered the underlying structure Bitcoin is forming and what will determine Bitcoins further outcomes within the next times, therefore, it is necessary to elevate what is possible and what is not possible, in this case, I detected all the important levels and likely destinies we should consider with Bitcoins established structure and the upcoming movements ahead next times. Structural Developments: As when looking at my chart now we can firstly see that Bitcoin is trading within this massive ascending-channel-formation marked with the boundaries in blue, secondly as Bitcoin recently developed the new highs with the breakout it moved on with the established wave-count and the wave C within this wave-count. Therefore it is likely that Bitcoin will form wave D within the next times that will confirm to the EMA-supports and the equilibrium-range given from where the possibility for wave E to the upside is given. This wave E will complete the whole wave-count and it will run directly into this dynamic-resistance-zone marked in orange in my chart where the potential for a pullback is increased. Upcoming Determinations: Taking all these factors into consideration Bitcoin has established a good pace from where it can build up and show up with further determinations, it shows one more time how volatile the cryptocurrency market is and that it is important to be prepared for such dynamics. Now when Bitcoin approaches this main dynamic-resistance-zone and pulls back there which is likely this does not mean Bitcoin is completely bearish, therefore, when Bitcoin manages a sustainable stabilization within the major ascending-channel-formation it can approve the set-up and origin for the next waves to the upside, for now, it will be important how Bitcoin approaches the dynamic-resistance and how it moves on further from there. Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, 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, Developed Channel-Formation, Important Scenarios!Hello Traders investors And Community, Welcome to this analysis about Bitcoin, we are looking at the 4-hour timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. Recently Bitcoin managed to back-up from its heavy bearish downside volatility and formed some initial up-moves testing the previous all-time-high-condition-resistance, now in this case I discovered interesting signs that can indicate a potential breakout above the all-time-high-condition-resistance and further determinations in the new all-time-high-regions, therefore I detected all the important levels and likely destinies we should consider with Bitcoin in the established structure and upcoming movements ahead next times. Structural Developments: As when looking at my chart now we can watch there how Bitcoin is moving within this major ascending-channel-formation marked with the boundaries in blue, furthermore Bitcoin has the coherent wave-count within the formation and almost already completed the waves A to C in the structure with the wave D about to develop now in the next times, this wave D will move on and test the lower levels of support with the back-up-cluster lying there marked in my chart in blue, this is a very important cluster to hold for Bitcoin and bounce to the upside when considering the sufficient origin of wave E otherwise when this does not happen and Bitcoin increases with bearish-pressure the bullish dynamic can also be invalidated below the lower-boundary as shown. Upcoming Perspectives: Taking all these factors into the consideration now Bitcoin is in a situation in which it developed some worthwhile price-action, now it is the times to validate these price-actions and form a continuation, when Bitcoin properly manages to bounce within the back-up-cluster as suggested this will move on to test the main all-time-high-condition-resistance again and when Bitcoin then finally manages a breakout above and stabilization above the resistance such a price-action will indicate the wave E to develop further ahead, the main zone to be approached then will be the wave-E-determination-zone from where the situation needs to be elevated anew as a bearish pullback is likely in this case it will be an important determination. Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, 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.
COINBASE:BTCUSD
by VincePrince
8
Bitcoin, Develops Main H-S-Formation, One More Likely Scenario!Hello Traders Investors And Community, Welcome to this analysis about Bitcoin, we are looking at the hourly timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. Bitcoin managed to recover from its heavy bearish declines to the downside and moved on to test remaining resistances important in the structure, in this case, I discovered a decisive formation Bitcoin is now forming that will lie ground for the upcoming determinations, at the moment the bearish scenario is still given and should not be underestimated, therefore I detected all the important levels and likely destinies we should consider with Bitcoins established structure and the upcoming movements ahead. Structural Developments: As when looking at my chart we can watch there Bitcoin is now developing this main head-and-shoulder-formation in the structure marked with the neckline in blue. The left shoulder, as well as the head of the head-and-shoulder-formation, already developed and now Bitcoin is setting up to form the right shoulder in the structure after which the crucial determinations come as marked in my chart. As Bitcoin moved into the overbought-condition again a confirmation of the head-and-shoulder-formation has a great possibility by 65% by the bullish scenario with a possibility of 35% therefore we should expect this scenario to form in the upcoming times. Upcoming Determinations: Taking all these factors into consideration Bitcoin will show up with the final determinations after the right shoulder has formed and therefore completed the whole head-and-shoulder-formation, when Bitcoin completes the more likely bearish scenario the targets will be given at the lower-support marked in my chart in blue at the 52450 level, when Bitcoin moves into these zones it has to be elevated if it manages to recover or just sets up to form further bearish pressure, currently, it will be important how the right shoulder and therefore the formation completes and how the outcomes look like after that to show up with the further alignments, it will be an interesting development. Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, 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, Completes Broadening-Wedge, Important Considerations!Hello Traders Investors And Community, Welcome to this analysis about Bitcoin, we are looking at the 30-minute timeframe perspective, recent events, the established formational structure, and what we can expect in the upcoming times. As Bitcoin recovered from its heavy bearish declines to the downside it moved on to test remaining resistance-levels that are not yet taken out already and therefore should not be kept by side, especially in this case I discovered a decisive formation Bitcoin completed recently that will be the determining source within the next times, therefore I detected all the important levels and likely destinies we should consider with Bitcoins established structure and the upcoming movements ahead. Structural Developments: As when looking at my chart now we can watch there how Bitcoin recently completed this main broadening-wedge-formation indicating an initial reversal to the downside and as Bitcoin now formed the breakout below the lower-boundary this completed the wedge-formation and Bitcoin is likely to continue after it moved back and a pullback from the breakout-zone anew. Bitcoin then will continue till there is support found in which it can reverse the dynamic anew and stabilize to form bullish continuations, this type of support is given within the blue support-zone marked in my chart, it is also the zone possible to be the origin of the major wave C to the upside when Bitcoin holds it properly otherwise a continuation and protraction of wave B will follow. Upcoming Determinations: Taking all these factors into consideration now it will be of high importance how Bitcoin reacts in the given zones and how it manages the possible stabilization in this zone, when it does not happen and Bitcoin increases with bearishness further this will lead to the protraction of wave B and into the second ascending-trend-line marked in blue where a new attempt of the wave C origin can happen, this is also a significant reference-point to hold because when this does not happen Bitcoin will increase with bearish pressure when moving into the bearish-continuation-zone. These are scenarios to elevate next times and initially, it will be important how Bitcoin approaches the supports, it will be an interesting development ahead. Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, 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
7
Bitcoin, In The Channel-Formation, These Are Important Zones!Hello Traders Investors And Community, Welcome to this analysis about Bitcoin, we are looking at the 4-hour timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. Bitcoin in recent times has managed to move above the previous resistance zones at the 51.800 USD level and moved some higher there is however not yet a complete bullish reversal marked this is why Bitcoin is still in an indecisive and in this case I detected an interesting formation that will be worthwhile in the upcoming determinations, therefore I discovered all the important levels and likely destinies we should consider with Bitcoins established structure and the upcoming movements ahead. Structural Developments: As when looking at my chart now we can watch there Bitcoin is developing this major ascending-channel-formation marked with the boundaries in blue, besides that Bitcoin has a coherent wave-count within this channel in which it already almost fully completed waves A and B and is now moving with the determination of wave C directly into the upper-boundary that is still resistance and therefore likely to show up with the wave D in the structure from where the wave E can set up in the lower boundary and supports lying there, this wave E will finalize the whole wave-count with testing the upper-resistance anew from where a pullback is likely to show up and after that the actual crucial direction-decision will be shown. Upcoming Determinations: Upcoming times when Bitcoin completes the wave-count in the schedule and pulls back initially from the upper-resistance it will first move into the decision-zone within the lower-boundary marked in my chart in orange, when Bitcoin then manages to bounce decisively to the upside within this zone it can lead to testing of higher levels and potentially to stabilization with further continuations otherwise when this does not happen and Bitcoin increases with bearish pressure further to close below the lower-boundary it will indicate a bearish continuation and movements to lower-levels, these scenarios need to be elevated and explicated on how Bitcoin approaches there before finally moving into the right direction. Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, 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
16
Bitcoin, Main Channel-Formation, Upcoming Considerations!Hello Traders Investors And Community, Welcome to this analysis about Bitcoin on the 4-hour timeframe perspective. Since Bitcoin has shown up with the heavy declines last month it somewhat managed to marginally recover however it is important to note that Bitcoin not yet fully validated a complete bullish reversal with continuation-possibilities ahead, it is always highly necessary to wait on the proper confirmations before finally deciding into one direction, for now, there are still other important price-actions to fully exclude the bearish scenarios, therefore I detected all the important levels and likely destinies we should consider with Bitcoins established structure and the upcoming movements ahead next times. Structural Developments: As when looking at my chart now we can watch there Bitcoin established this major descending-channel-formation marked with the black boundaries, within this channel Bitcoin has the coherent wave-count in which Bitcoin already completed the waves A and B and with the ending of wave B moved directly into this still remaining main resistance-zone marked in red in my chart, Bitcoins pulled back several times within this zone, therefore, it is more likely that Bitcoin does so again when it does not manages to sustainably close above this main-resistance which is inevitable indicating a full reversal, therefore this main-resistance and the resistance-cluster is likely to be the origin of the wave C to the downside. Upcoming Determinations: Taking all these factors into consideration Bitcoin has a greater possibility to increase bearish pullbacks the next times and develop the remaining wave C in the structure further that will move into the lower levels of support marked in my chart with the blue main-support-zone. When Bitcoin manages to bounce within the lower-supports and this bounce is strong enough it can finally lead to a channel-breakout as it is marked in my chart however after that it is of high necessity that Bitcoin finally marks above the main-resistance and closes there within the bullish-continuation-zone marked in green because before that does not happen the possibilities for further pullbacks are still given, it will be an interesting journey ahead. Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, 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
22
Bitcoin, Develops Channel-Formation, Potential Scenarios!Hello Traders Investors And Community, Welcome to this analysis about Bitcoin, we are looking at the 30-minute timeframe perspectives, the recent events, the established formational structure, and what scenarios we can expect in the upcoming times. Bitcoin since initially pulling back from the upper-resistance somewhat found supports within the 47.200 USD level from where it has shown up with some up moves, now, in this case, I discovered an interesting formational structure Bitcoin is forming that will determine the upcoming movements, it is important to note that the bearish perspective is not out of sight and that Bitcoin has still higher possibilities for pullbacks given, therefore I detected all the important levels and likely destinies we should consider. Structural Developments: As when looking at my chart we can watch there Bitcoin is forming this main ascending-channel-formation within the structure marked in blue within the chart, furthermore, Bitcoin is developing this coherent wave-count within the formation already completing waves A to C in the structure and now with the determination of the wave C that moved into the upper-boundary which is still resistance Bitcoin is likely to show up with the wave D from that level, the wave D will move into the lower-boundary and the supports lying there from where the wave E will likely have its origins. When this final wave emerges it will complete the whole wave-count either within the channel or with the E-wave-extension as it is shown. Upcoming Determinations: Taking all these factors into consideration Bitcoins bearish pullback-possibility is still given, in this purpose it will be important to elevate if Bitcoin firstly shows up with the E-wave-extension before or finalizes the wave-count within the channel to show up with a breakout below the lower boundary of the channel which will complete it as a bear-flag, these two scenarios are given and upcoming. When Bitcoin shows up with the more likely bearish pullbacks upcoming times these pullbacks will protract and continue till there is support found in which Bitcoin has the ability given to back-up and stabilization moving forward to test remaining resistances again, the lower-support marked in my chart will be a considerable place for recovery. Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, 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
8
Bitcoin, Major Broadening-Wedge Can Indicate Breakout-Dynamics!Hello Traders Investors And Community, Welcome to this analysis about Bitcoin, we are looking at the 4-hour timeframe perspective. Bitcoin after showing up with these strong bearish volatilities to the downside has somewhat managed to stabilize in its structure and test previous resistances anew instead of continuing bearishly right away, in this case, I detected a decisive formation Bitcoin is forming that can determine great continuations when Bitcoin manages to show up with the right price-action in the schedule and when it does not invalidate the formation, when Bitcoin manages to do so there can come great objections and breakout-dynamics, therefore I detected all the important levels and likely determinations we should consider. Structural Developments: As when looking at my chart we can watch there how Bitcoin is now about to form this major broadening-wedge-formation marked in my chart with the blue boundaries and also with the coherent wave-count within the formation in which Bitcoin already completed the waves A to D rightly in the schedule and now Bitcoin is about to determine the wave E that is already within its sub-wave-count, therefore it is likely that Bitcoin moves on with the wave-count and points directly into this main confirmational-bounce-cluster marked in my chart with the blue boundaries, this is the zone where Bitcoin can show up with a solid back-up that can lead to the proper continuation and then also the breakout above the upper boundary. Upcoming Determinations: Taking all these factors into consideration Bitcoin is in a situation in which it has formed this very interesting formation that can lead to further bullish potentials ahead upcoming times nevertheless it is necessary that we properly keep patient and wait on the confirmations before moving into the right direction instead of rushing into trades. Currently, the development and upside-breakout of the wedge-formation is more likely than a bearish invalidation to the downside Bitcoin just needs to show up with the proper price-actions, therefore it is necessary to elevate how Bitcoin continues further here and that it does not show up with strong bearish signs that can invalidate the formation, it will be an interesting determination ahead. Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, 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
11
March is not Bitcoins friendHello guys! Today I am focusing on Bitcoin, since it is the crypto market leader. You also know: I prefer simple technical Analysis. This is not financial advice and of course, I am not perfect. This provides just an idea of ‘how it could’ play out. Each trading day, a decision needs to be made, whether it is to exit a trade, enter a trade or remain a trade. A candle pattern that helps identify the fact that the current trend is going to continue is more valuable than may first appear. I’ll expect this big candle, circled above, to be fully retraced before continuing the upward trend. It also gives me more confidence that this plays out because March isn’t a good month at all for Bitcoin. Let’s see if 12th march is like 2020, where the big dump happened. Bitcoin is currently in decision mode. We now have to watch IF we are continuing making higher lows and higher highs or the 45k level breaks and the idea plays out in the coming weeks and so ALTS will bleed more. The moment where we are exceeding 58k resistance I am aiming the 3.618 fib extension lvl at roughly 69k. This is likely to happen during the well-known ‘summer rally’. Hope you got out some value. Enjoy the weekend. Cheers!
BITSTAMP:BTCUSDShort
by L420199611
6
Bitcoin, In Channel-Formation, These Are Decisive Zones!Hello Traders Investors And Community, Welcome to this analysis about Bitcoin, we are looking at the 6-hour timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. Since Bitcoin has shown up with serious bearishness to the downside it is in a state where it not yet has shown any final reversal confirmation with proper bullish continuations, in this case, I discovered a decisive formational structure Bitcoin is forming now that will be worthwhile in the upcoming determinations, therefore I detected all the important levels and likely destinies we should consider within Bitcoins established structure and upcoming movements ahead in the next times. Structural Developments: As when looking at my chart now we can watch there Bitcoin is forming this major descending-channel-formation marked in blue, furthermore, Bitcoin has the coherent wave-count within the formation already completing the waves A to B in the structure with the wave B ending within the upper-boundary-resistance from where a pullback to the downside has shown up which is now about to develop the wave C in the schedule that will finalize the whole wave-count, this wave C will run directly into the lower back-up-cluster marked in blue in my chart where several supports coming together and building this coherent cluster from where a bounce to the upside is highly likely. Upcoming Determinations: Taking all these factors into consideration Bitcoin is in a situation where it has developed this decisive channel and it will be shown the next times how Bitcoin can possibly manage to complete the wave-count within and from there on build-up bullishly to determine a proper breakout with continuations ahead, this will happen when Bitcoin finally closes above the upper-boundary as it is marked in my chart, therefore it is highly necessary that Bitcoin holds the back-up-cluster sustainably and do not falls below it again because this can also potentially invalidate the formation again, for now, it will be necessary to elevate how Bitcoin continues with these circumstances before moving into the final direction. Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, 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
15
Bitcoin, Bearish-Wedge-Divergence, Crucial Shiftings Ahead!Hello Traders Investors And Community, Welcome to this analysis about Bitcoin, we are looking at the 2-day timeframe perspective, the recent events, the established formational structure, and what to expect in the upcoming times. The main ascending-wedge-formation Bitcoin is forming that I already mentioned in previous analysis has shown up with some very important indicators that should not be underestimated in any case especially as Bitcoin pulled back severely in recent times I discovered a decisive underlying divergence that can confirm the upcoming protracted bearish pullback when Bitcoin continues the development in the formation, therefore I detected all the important levels and likely destinies we should consider here. Structural Developments: As when looking at my chart now we can watch there the main ascending-wedge-formation Bitcoin is forming marked in blue in my chart, furthermore, Bitcoin has the coherent wave-count within the formation already completing the waves A to C fully in the structure and now with the finalization of wave D that is moving into the lower boundary from where the wave E will likely have its origins this can complete the whole wave-count and therefore also the whole formation, especially when taking this wave E into the combination with the bearish RSI divergence forming it is confirming that a major pullback has a high likelihood to follow up when Bitcoin completes the wave-count and the third main wave in the RSI from where the final pullback below the trendline likely follows up. Upcoming Determinations: Taking all these factors into the consideration now Bitcoin is trading in a situation where it is not only developing this massive ascending-wedge-formation but also showing these bearish RSI divergences underlining the fact that there will come a bigger pullback sooner or later especially when these circumstances complete, therefore it is necessary that we do not over speculate the market into a one-sighted direction as it is seen to often these days rather it is necessary to elevate the market as it is, in this case, we should be prepared on this main potential bearish pullback to the downside to not get overwhelmed by circumstances when it finally happens and especially to do not lie open food for the market makers and smart money operators within the market. Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, 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.
COINBASE:BTCUSD
by VincePrince
28
Bitcoin, Develops Decisive H-S-Formation, How It Can Complete!Hello Traders Investors And Community, Welcome to this analysis about Bitcoin, we are looking at the 4-hour timeframe perspective. As Bitcoin recent times has shown up with strong bearish volatilities to the downside it somewhat managed to stabilize in the structure and form some marginal up-moves from where it can possibly build up further, in this case, I discovered a very decisive formation Bitcoin is forming here that can show up with further potentials when it rightly completes, this is very important because it can also invalidate, therefore it is necessary to do not overspeculate the situation and wait for the proper validations in the schedule, therefore, I detected all the important levels and likely determinations we should consider. Structural Developments: As when looking at my chart we can watch there how Bitcoin is now about to form this main inverse head-and-shoulder-formation with the left shoulder and the head already formed within the schedule as the head bounced from this important ascending-trend-line, now Bitcoin is about to form the right shoulder in the schedule which is likely to move into the ascending-trend-line anew where the confirmational-bounce-cluster is lying marked in my chart in orange, it is highly necessary for Bitcoin to bounce within this cluster to complete the right shoulder and therefore finalize the whole formation properly because when this does not happen and Bitcoin moves below such a price-action will invalidate the whole formation. Upcoming Determinations: Taking all these factors into the consideration now the formation Bitcoin is forming here can lie solid ground when Bitcoin manages to show up with the right price action. When this happens and Bitcoin completes the formation properly this can lead to potential testings of the all-time-high-resistance marked in my chart in red therefore it is highly necessary that Bitcoin does not pull back again. It will be interesting to see how this dynamic develops, in any case, it is of utmost importance to do not rush into trades that do not satisfy and to overspeculate the market into one direction only, rather waiting on the proper confirmations before moving into the market, it will be an important journey ahead. Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, 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
22
Bitcoin, Develops Main Wedge-Formation, Upcoming Considerations!Hello Traders Investors And Community, Welcome to this analysis about Bitcoin, we are looking at the 12-hour timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. Bitcoin recent times has shown up with serious bearish declines which are still omnipresent and when Bitcoin does not show up with the right price-action to possibly determine a shifting in the dynamic further pullbacks have the potential to follow, therefore it is necessary to approach the market from the right angle and do not unnecessarily overspeculate it into a one-sighted direction, in this case, I detected all the important levels and likely destinies we should consider within Bitcoin established structure and upcoming movements. Strucural Developments: As when looking at my chart we can watch there that Bitcoin is globally trading within this huge ascending-channel marked in my chart with the dashed grey trend-lines, on the more local perspective Bitcoin is now forming also this potential descending-wedge-formation marked in blue with the coherent wave-count within the formation already completing waves A to B mainly and now setting up to form the wave C, the determination of the wave C will be extremely crucial as it will test highly important levels of support determined by the back-up-cluster marked in blue and consisting of several different supports within this structure like the lower-boundary of the channel, the 120-EMA in red and the support which was previously resistance. Upcoming Determinations: Bitcoin now is in a situation where it needs to decide within the next times if it has the right abilities to properly manage such a potential breakout and wedge-confirmation like it is shown within my chart, otherwise, when this does not happen and Bitcoin increases with bearish pressure further such a price-action will invalidate the whole formation and continue bearishly within the bearish-continuation-zone marked in red in my chart. For now, these possibilities need to be waged and it is of utmost importance to not just rush into the market in trades that do not satisfy, it is always necessary to first determine the proper validations before taking adaptive action as we have also managed within the channel, it will be an interesting journey ahead. Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, 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
18
How Bitcoin Can Potentially Approve A Main Channel-Breakout!Hello Traders Investors And Community, Welcome to this analysis about Bitcoin, we are looking at the 4-hour timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. Since Bitcoin has shown up with the strong bearish declines to the downside after marking its top at the 85.400 USD level it has now formed several lower-lows within the schedule where it is mingling in the structure, it is not seldom seen that after such movements the main reversal with high volatility establishes or the market sets up for a continuation, these two possibilities need to be waged correctly here and therefore I detected an important formation Bitcoin is forming that can be worthwhile for the upcoming determinations. Structural Developments: As when looking at my chart we can watch there how Bitcoin has now developed these several lower-lows within the structure which several times tested the point-of-control of the volume profile which is still an important resistance in this case. Furthermore, Bitcoin is forming this important descending-channel-formation marked in my chart with the blue boundaries and also with the coherent wave-count within in which Bitcoin already completed waves A to C fully and is now setting up with the wave D that will run directly into this strong resistance-cluster which is likely to be the origin of wave E protracting further and possibly completing the whole wave-count within the back-up-cluster marked in blue from where a bounce needs to emerge. Upcoming Determinations: Taking all these factors into the consideration now Bitcoin is trading in a situation where it has formed this descending-channel structure that can firstly lead to a sufficient breakout, when this breakout happens as marked in my chart Bitcoin will move on to test upper levels of resistance, the crucial thing then will be that there is the possibility given of Bitcoin pulling back at the resistance again visiting lower levels anew there for a final bullish continuation-development Bitcoin needs to inevitably close above the upper-resistance marked in red in my chart before that the bearish possibility is still given and should also not be underestimated in the upcoming times, it will be an important and interesting development ahead. Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, 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
21
BTC, Since Pullbacks, Further Alignements Expected Volatilites!Hello Traders Investors And Community, Welcome to this analysis about Bitcoin, we are looking at the daily timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. Bitcoin the last times has shown up with some serious pullbacks in the structure, firstly pulling back from the 41.000 USD level and nearly more than 25% and the second time now recently pulling back from the 58500 levels more than 20%, these were two major pullbacks and from a trading perspective it is always important to keep advancing within such situations by lining-up possibly on the short-side, this is a main part in the cryptocurrency market as it keeps being volatile, a long-only-approach can approve fatal when the market sets up for declines. Structural Developments: As when looking at my chart now we can watch there how Bitcoin is moving within this major ascending-channel-formation marked with the black boundaries within my chart, besides that Bitcoin has established a coherent wave-count within the structure already completing waves A to C, and now Bitcoin currently is about to form the wave D that will move and test this confirmational-bounce-cluster marked in my chart in blue from where the wave E is likely to originate which will approach upper levels of extension and also this upper-distribution-range marked in my chart which severely confirmed as a distribution-origin and is likely to do so the next time again when Bitcoin approaches it. Upcoming Determinations: Taking all these factors into consideration Bitcoin is trading in a situation where it has set up for major sharp pullbacks in the structure, this can also be possible in the upcoming times as there is still supply in the market from hands holding of lower levels the volatilities can continue till a bigger final pullback develops like I have mentioned this possibility already before in the analysis with the ascending-wedge-formation. For now it is necessary to elevate how Bitcoin approaches this continuational-bounce-cluster and moves on from there, what is highly necessary in this case is that Bitcoin does not fall below the lower-boundary because this can possibly invalidate further bullish conclusions ahead of upcoming times. Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, 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
43
Bitcoin, Completes Flag-Formation And Builds Potential Next One!Hello Traders Investors And Community, Welcome to this update-analysis about Bitcoin, we are looking at the 2-hour timeframe perspective, the recent events, the established formational structure, and what we can expect within the upcoming times. Since previous analysis Bitcoin fully completed the bear-flag-formation within the schedule and showed up with bearish declines as expected after moving below the lower-boundary, now Bitcoin tested the remaining supports mentioned however the price-action Bitcoin shows up with here is not yet strong enough to fully contemplate a full reversal and as I detected now Bitcoin is forming signs that can indicate a higher possibility for a bearish continuation to increase the next times, therefore I discovered all the important levels and likely destinies. Structural Developments: As when looking at my chart now we can watch there how Bitcoin marginally bounce within the remaining supports and formed this ascending-channel marked in blue, furthermore Bitcoin is about to form a similar wave-count like within the first bear-flag and it is still below the important 50-EMA in green and below the 85-EMA in red, these still serving as strong resistances and are likely to confirm as such when Bitcoin moves into them. Therefore we should expect this second channel to also complete as a bear-flag and finally move below the remaining supports to form the bearish protraction and continuation testing further levels, this is an omnipresent scenario and should not be underestimated especially when looking on the middle-term also. Upcoming Determinations: Taking all these factors into consideration now Bitcoin is in a situation where the bearish perspective is still not out of sight and it is necessary to keep it also in mind that there can come a much bigger reversal than that seen the last times, in such situations it is necessary to not over speculate the market into a one-sighted illogical direction as it is seen to often these times, the cryptocurrency market keeps volatile and it will be also in the future, only as traders when having properly lined-up within the market it is possible to keep consistent profits and do not get overwhelmed by the changing circumstances in this market, especially to do not lie open food for the smart money operators and market makers within this market. Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, 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
11
BTC, Further Continuations Follow When This Formation Completes!Hello Traders, Welcome to this analysis about Bitcoin, we are looking at the 4-hour timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. Bitcoin the recent times has shown up with high bearish volatility to the downside after marking its top at the 58000 level, this shows one more time how highly volatile the cryptocurrency market is and that changes occur swiftly faster than expected, especially these times as Bitcoin reaches high levels such volatilities increase, it is important to take up this reality and do not overspeculate into one-sighted directions because this is happening to often these times, therefore I detected all the important levels and likely determinations. Structural Developments: As when looking at my chart we can watch there how Bitcoin is now about to form this major head-and-shoulder-top-formation within the structure, with the left shoulder as well as the head almost already completed within the schedule and now with Bitcoin moving on to form the right shoulder within the structure that is directly running into this strong resistance-cluster where several resistances coming together likely to show up with a bearish pullback to the downside that will finalize the whole formation and activate bearish pressure ahead in the schedule pointing to the projected targets seen in my chart within the 38400 level marked in blue where new adjustments need to be made. Upcoming Determinations: Taking these factors into consideration the bearish perspective with Bitcoin is still omnipresent and especially when this formation completes ahead of upcoming times with a close below the neckline this will lie the ground for the next bearish determinations that should not be underestimated. Especially when Bitcoin does not manages to hold the potential recovery-zone this can lead to a continuation when Bitcoin closes below it within the bearish-continuation-zone. For now, it is necessary to elevate how Bitcoin develops further and how it comes up with the particular circumstances as suggested, in such situations, it is necessary to rightly line-up as we have also managed within the VIP channel taking up profits on the short-side. Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, 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
8
Bitcoin, Channel Formation, Possible Bear-Flag, Important Zones!Hello Traders Investors And Community, Welcome to this analysis about Bitcoin, we are looking at the 2-hour timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. Since Bitcoin has shown up with heavy bearish volatilities to the downside it has somewhat managed to hold the level and initially stabilize, nevertheless it is now of high importance to elevate rather Bitcoin manages to hold this level and stabilize with an ongoing continuation or shows up with further bearish pressure moving to even lower levels, in this case, I discovered the underlying formation Bitcoin is forming now that can lead to the testing of important zones within the structure. Structural Developments: As when looking at my chart now we can watch there how Bitcoin is about to develop this major ascending-channel-formation marked in my chart in blue, besides that Bitcoin has a coherent wave-count within the formation already completing waves A and B within the schedule and now with the wave C ongoing, this wave C is likely to move into the upper levels where a strong resistance-cluster is lying marked in my chart in red, when Bitcoin moves into this cluster a pullback to the downside is highly likely and should be expected. After that when Bitcoin finally closes below the lower-boundary this will lie ground for the initial bearish continuation to test the lower support marked in blue from where crucial decisions will be inevitable. Upcoming Determinations: Taking all these factors into consideration Bitcoin is now in a situation where it will decide in which direction it will go when this potential bear-flag completes as suggested. Taking this further, when Bitcoin manages to stabilize within the blue support this can lead to potential testing of higher levels otherwise when this does not happen and Bitcoin continues to increase bearish pressure a bearish continuation will follow below the supports as marked in my chart with the bearish-continuation-zone. For now, the bearishness is still omnipresent and Bitcoin will show if it manages to back-up here sufficiently or continues to show up with bearish continuations, it will be an important and interesting development. Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best! "The high destiny of the market is to elevate 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
23