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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
This Is Why BTC Recent Declines Can Just Be Peak Of The Iceberg!Hello Traders Investors And Community, Welcome to this analysis about Bitcoin, we are looking at the daily timeframe perspectives, the recent events, the established formational structure, and what we can expect in the upcoming times. In the last day's Bitcoin showed up with exceptional bearish volatility to the downside after marking its highs at the 58.500 USD level, these facts should in any case not be kept by side here, especially as Bitcoin has still a high overbought value it is not seldom seen that the market continues or forms a major decisive reversal-formation that can also be possible here as I discovered the main formation Bitcoin is currently trading in that can lead to a much bigger reversal and bearish declines than the ones we have seen recently. Structural Developments: As when looking at my chart now we can watch there this massive ascending-wedge-formation forming here marked with the boundaries in black, furthermore Bitcoin has established a coherent wave-count within the formation almost already fully completing the waves A to C in the structure, and now Bitcoin is about to form the wave D in the schedule which will directly run into this crucial back-up-cluster marked in my chart in blue which is likely to be the origin of the wave E to the upside that will complete the whole wave-count and run into the upper-extension-zone which is also matching with the upper-boundary of the ascending-wedge-formation and therefore building a coherent resistance-cluster from where a pullback is likely. Upcoming Determinations: Taking all these factors into consideration Bitcoin has yet shown up with some very serious price-action especially when looking at this overall big formation about to form here the next times. When Bitcoin manages to bounce in the back-up-cluster and continue as suggested this can lead to the major reversal when Bitcoin finally closes below the lower-boundary, such a price-action will complete the whole ascending-wedge-formation and activate even more bearish pressure to the downside. For now, these scenarios are omnipresent and it is important to be prepared on such scenarios to take appropriate action and do not lie open foot for the market makers and smart money operators also pushing prices up and down, it will be shown how it develops further. Thank you everybody for watching the analysis, a great appreciation 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
30
Bitcoin, Potential Bear-Flag-Formation, These Are Crucial Zones!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 to expect in the upcoming times. As Bitcoin recently has shown up with heavy bearish volatility to the downside and completed the head-and-shoulder-formation I mentioned rightly in the schedule Bitcoin has moved into a bearish pace that should definitely not be underestimated here especially after such heavy declines and volatilities it is not seldom seen that the market sets up to form a continuation, therefore I also discovered the underlying structure Bitcoin is forming that can move into the upcoming determinations, in this case, I detected all the important levels and likely destinies. Structural Developments: As when looking at my chart we can watch there how Bitcoin recently moved into this important ascending-support-line marked in dashed blue also matching with the 400-EMA in light-blue where Bitcoin initially found some marginal support and tested the remaining levels at 54.900 before pulling back again with bearish price-action with which Bitcoin is now testing the lower levels of support again, in this case, Bitcoin is likely to form a second bounce to the upside which will also validate the underlying wave-count, nevertheless, this bounce to the upside will run directly into the strong resistance-cluster marked in red where a pullback has a high likelihood which will be crucial form Bitcoin because this can lead to a completion of the channel as a bear-flag. Upcoming Determinations: Taking all these factors into consideration Bitcoin is still in a precarious situation with the bearish pace established here and it will be highly important to elevate how Bitcoin reacts within this major resistance-cluster especially as there is the resistance of the volume-profile still given this is likely to show up with the bearish pullbacks to the downside firstly testing the lower boundary of the channel and when this does not hold a final bear-flag-confirmation will happen below the boundary. The recent events show one more time how swiftly the market conditions can change especially within the cryptocurrency market and that it is of high importance to rightly line-up then as we have also done within the channel properly taking advantage of the bearish volatilities. In this manner, thank you for watching the analysis and for everybody supporting it is great contentment, have a good day and trading! "Trading effectively is about assessing possibilities, not certainties." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
17
Bitcoin, Develops Decisive Triangle, These Levels Are Important!Hello Traders Investors And Community, Welcome to this analysis about Bitcoin on the hourly timeframe perspective. Bitcoin the last times has shown up with some serious bearish pullbacks in the structure moving below previous support-points which served important within the bullish trend-development, the fact that Bitcoin fell below these levels with this initial bearish volatility should not be underestimated, this is why we should not keep this bearish possibility by side to do not overspeculate the market into one direction only as it is happening these days, this means anticipating the market rightly to do the proper decisions and take the appropriate action finally facilitating into consistent sophisticated trading over the time because this is where the true magic happens. As when looking at my chart we can watch there how Bitcoin now pulled back to this very very important ascending-support-line marked in my chart in black, with these pullbacks Bitcoin has formed a triangular-cluster-formation marked in my chart in orange with the coherent wave-count within the formation almost already completing waves A and B within the schedule and now Bitcoin is about to form the wave C that will move and test the triangle-support marked in blue within the lower boundary which is highly important to hold considering a bullish breakout to the upside of the triangle, therefore it is inevitably important that Bitcoin rightly bounces within this zone and forms the breakout above the upper-boundary completing the triangle bullish and activating further continuation, otherwise when this does not happen and Bitcoin falls below this will indicate the wave-C-extension as it is shown, these final confirmations need to be contemplated upcoming times. Bitcoin now is in a situation in which it has reached high levels that are also running into serious overbought conditions as the main monthly relative-strength-index also shows, in such a situation it is necessary to assess the market from the right angle and do not move on with unrealistic approaches like people saying Bitcoin will reach the market cap of gold in one or two weeks, this is not logical because history has shown otherwise and this is why as sophisticated traders we need to keep a fundamentally solid approach and anticipate such changes in direction to not get overwhelmed by circumstances and proceed in the market rightly as we have also managed in the channel, especially in volatile cryptocurrency this plays a key-role for further advancements. In this manner, thank you for watching the analysis and for everybody supporting it is great contentment, have a good day and trading! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
12
Bitcoin, Fully Emerged With Wave-Development, Objections!Hi my friends, Welcome to this update-analysis about Bitcoin on the 2-days timeframe perspective. We are looking at the recent events, the established formational structure, and what we can expect in the upcoming times. Bitcoin the last year has shown up with historical price-actions it has never developed before managing a great continuation growth after the corona-virus bearish breakdowns pushed the price extremely to the downside Bitcoin managed to recover although in the volatile manner as it was seen already in the past, this volatility can be fuel for sophisticated trading when it is done right as we have managed to do so in the channel, now I discovered the further important signs we should consider with Bitcoin and its destinies. Structural Developments: As when looking at my chart we can watch there how Bitcoin just rightly managed to bounce within the major 15-EMA marked in green which is also matching with the lower boundary of the third steeper ascending-channel, these zones became the great origin of the wave E to develop which fully emerged now as expected and moving to the further objections. As Bitcoin now also established the new highs above the 50.000 USD mark this gives an additional bullish edge and therefore Bitcoin is likely to continue its way and with the developments of the wave E that will run directly into the main channel-breakout-target-zone marked in red in my chart where the potential short-entries are given. Upcoming Determinations: Taking all these factors into consideration Bitcoin has now established great paradigms that have possibilities to continue bullishly further when the price-actions as suggested follow up nevertheless it has to be noted that Bitcoin is within highly overbought conditions in which it can also reverse more faster than expected, especially when Bitcoin approaches the targets this can happen mainly more increasingly faster, therefore it is of utmost importance to also do not underestimate the bearish side of things as such a reversal will come sooner or later within the cryptocurrency market which is the most volatile in the global financial markets we need to be prepared on such changes in direction to handle them appropriately. In this manner, thank you for watching the analysis and for everybody supporting it is great contentment, have a good day and trading! "Good luck is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
14
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COINBASE:ETHUSDLong
by CryptoPatel
18
Bitcoin, Reaches Targets, These Considerations Important Now!Hi my friends, Welcome to this update-analysis about Bitcoin, we are looking at the 30-minute timeframe perspective. Since the origin-analysis in which I mentioned the important inverse head-and-shoulder-formation with Bitcoin forming the complete confirmations have shown up with the final bounce from the neckline and the further movements until the targets finally reached, if you did not watch the analysis already I highly recommend it to watch to have a full-depth-overview. Now after these structures developed I have detected other important signs worthwhile to look at especially the next times there are important steps leading to some good potentials ahead, therefore I detected all the important levels and likely destinies. Structural Developments: As when looking at my chart now we can watch there Bitcoin fully completed the head-and-shoulder-formation and reached the targets where it initially pulled back to move above this zone again, this zone marked in red in my chart which was previously resistance, is now support. Furthermore, Bitcoin marked above the 40- and 30-EMA and has also supports by the ascending-channel-formation protracted trendlines, all these levels adding together and building this dynamic support-zone marked in my chart in orange which needs to hold for Bitcoin to stabilize further and complete the potential bull-flag-formation above these levels marked in my chart in blue, when this happens and Bitcoin completes the formation it will lie good ground for the continuation. Upcoming Determinations: Bitcoin now is in a situation where it initially reached out the target-zone and also already managed further highs, now it is the time for Bitcoin to potentially continue this pace with completing the bull-flag as mentioned. Nevertheless, it is of inevitably high importance for Bitcoin to rightly validate this and manage the proper confirmation of the major bull-flag because when this not happens Bitcoin can also increase with bearish dynamics again which is not the most likely scenario however it should also not be underestimated. For now, it will be important to elevate how the formation completes before rushing into unnecessary trades and overspeculate the situation, it will be an interesting development ahead. In this manner, thank you for watching the analysis, many thanks for everybody supporting, have a good time and 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.
COINBASE:BTCUSD
by VincePrince
6
Bitcoin Above 50.000 USD-Mark, Historical Paradigm Will Follow!Hi my friends, Welcome to this update-analysis about Bitcoin in which we are looking at the 4-hour timeframe perspective. As mentioned in the former analysis the bounce from the confirmational-zone was likely and when Bitcoin managed to bounce from there this can lead to the close above the 50.000 USD which is what happened now and in the conclusion also the breakout above the upper boundary which has a solid possibility now. In sophisticated trading, it is always of inevitably high importance to wait for the right confirmations and validations before finally going in the right direction either way it is just speculation. For Bitcoin now I detected the important levels and further ways of destiny we should consider. Structural Developments: As when looking at the updated chart now we can watch there how Bitcoin now rightly bounced from the confirmational-bounce-zone in blue and after that closed above the 50.000 USD-mark which was highly necessary for Bitcoin to show up with. As Bitcoin now is above the equilibrium-range there is good potential given that it stabilizes further here and builds up to form the breakout above the upper-boundary as it is seen within my chart, when this happens it will activate the middle-term-target-zone marked in my chart within the red level and when Bitcoin reaches these zones the situation needs to be elevated anew and if Bitcoin manages to continue further bullishly or firstly forms a reversal visiting lower levels. Upcoming Considerations: Taking these factors into consideration it is important for Bitcoin now to show up with the final confirmation above the boundary. This shows one more time how technical analysis can function these days when applied right regardless of what academics is stating so often that it is all just a random walk, of course, it is necessary to come to the right conclusions to really trade with is happening and now what to think is happening into a wish-direction, especially in these times as market makers and smart money operators are increasing within such markets. It was great to see our channel moving in the right direction and enter the market in the right places before the bullish volatilities shown up, it will be shown how the situations develop further. In this manner, thank you for watching the analysis, many thanks for everybody supporting, have a good time and 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
11
Bitcoin, Decisive Channel-Formation, Determining Zones!Hello Traders Investors And Community, Welcome to this update-analysis about Bitcoin, we are looking at the 4-hour timeframe perspective, recent events, the established formational structure, and what we can expect in the upcoming times. The major channel Bitcoin formed in its structure was already mentioned in the former analysis and Bitcoin managed to confirm the first scenario bouncing from the dynamic support-zone to the upside, if you did not see this analysis already I highly recommend it to watch to have a full-depth-overview. Now Bitcoin tested the upper-boundary anew and initially pulled back, in this case, I detected some very important underlying structures and likely determinations we should consider. Structural Developments: As when looking at my chart now we can watch there how Bitcoin has now pulled back from the upper-boundary and is testing the lower boundary with the supports lying there, this zone is also matching with the descending-trend-line I mentioned in the previous analysis. Now as Bitcoin has some very worthwhile supports in this case this can lead to a back-up and potential breakout of the channel-formation when Bitcoin manages to go ahead and recover nevertheless it is of high importance that Bitcoin does not fall below the lower boundary and close there because this will invalidate the bullish scenario initially for sure, this is why it is inevitably necessary that Bitcoin holds the boundary. Upcoming Determinations: Taking all these factors into consideration Bitcoin will show the next time how it manages to hold these important supports in the structure and back-up from there. Currently, the bullish perspective is not out of sight however it is highly necessary for Bitcoin to show up with the right price-actions and do not increase with bearishness anew because the dynamics can also shift in this case as the cryptocurrency market is still highly volatile such alignments should not be underestimated and especially in the case of market makers and smart money operators we should be prepared on potential changes in direction to act accordingly when they show up and do not get overwhelmed by circumstances, it will be an interesting journey ahead. In this manner, thank you for watching the analysis, many thanks for everybody supporting, have a good time and 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 markets.
BYBIT:BTCUSD.P
by VincePrince
12
Bitcoin, Flag-Formation, Ready To Jump Above 50.000 USD!!!Hello Traders Investors And Community, Welcome to this analysis about Bitcoin, we are looking at the hourly timeframe perspectives. In the last days and weeks, we have seen a big upthrust within the cryptocurrency market, as the trading volume in January was nearly 3x times its all-time-high seen back in the bull-market in 2017, besides that we had strong bullish news about Tesla moving into the market and other important players like Twitter want to follow now, this is indicating the institutional interest is growing, now on the technical side of things I have detected an interesting formation that has the ability to move Bitcoin above the historical 50.000 USD mark which can hold as solid support when Bitcoin manages to mark above. Structural Developments: As when looking at my chart now we can watch there how Bitcoin has now formed this descending-channel-formation marked in blue within my chart and with the coherent ABC-wave-count almost already completed in the schedule, when Bitcoin now manages to bounce above the upper-boundary with a decisive volatile bullish move to the upside and stays above the upper-boundary to confirm it as support this will lie ground for the ascending-channel to complete as a bull-flag and activate upside-targets ahead above the upper-boundary where the major wave C within the upside-wave-count will develop as it is shown within my chart, in this case, it is of high importance that Bitcoin does not fall below the ascending trend-lines, however, this is not a likely scenario. Upcoming Determinations: Taking these factors into consideration Bitcoin has developed a strong formation that can lead to a more protracted bullishness ahead of upcoming times and as formerly detected Bitcoin already bounced within the local level and confirmed scenario 1 which was mentioned. Now, this is lying ground for a great continuation and it will be seen how it develops further. The 50.000 USD-mark will be a great milestone in Bitcoin history as it is also an important psychological level similarly to the 10.000 USD and can hold as strong support when Bitcoin manages to move above it, it will be shown how this dynamic then develops further, now it is important to elevate the breakout before moving rightly finally into this direction. In this manner, thank you for watching the analysis, many thanks for everybody supporting, have a good time and 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 markets.
BYBIT:BTCUSD.P
by VincePrince
11
Bitcoin, Aligning Correction And Rescheduling, Likely Scenarios!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 scenarios are there awaiting on Bitcoin. Since Bitcoin managed the strong volatility and protracted bullish moves above the previously established range it has shown initiated some pullbacks in the structure that should not be underestimated in terms of the determination these pullbacks are going to and where Bitcoin can back-up and stabilize again, in this case, I discovered the underlying structure and what scenarios Bitcoin is likely to show up within the upcoming times, therefore, I detected all the important levels and likely destinies we should consider. Structural Developments: As when looking at my chart now we can watch there Bitcoin is forming this major ascending-channel-formation marked in my chart with the blue boundaries and the coherent ABC-wave-count within the formation currently about to form the wave C within the schedule, furthermore, Bitcoin has this descending-resistance-line within the channel marked in my chart in black, this is an important line as Bitcoin needs to move above it finally confirming the bullishness to increase further with a continuation given. As Bitcoin currently develops two underlying ABC-wave-counts, firstly the major ABC-wave-count marked in orange and the sub-wave-count in grey these wave-counts can either complete normally or form a protraction to lower levels firstly. Upcoming Determinations: Taking all these factors into consideration Bitcoin is in a situation where it will show the final conclusions within the next times, therefore it is necessary to explicate the two potential scenarios upcoming here, the first scenario will complete when Bitcoin manages the stabilization within the blue support-cluster in the ascending-channel to finally bounce there and mark above the resistance and the second scenario will show up when Bitcoin does not hold this level and finally moves below the lower-boundary, such a price-action will lead to the protraction of the underlying wave-counts and will point to the dynamic zone marked in my chart, this does not mean the bull-flag is over here, it will be like an extension of the flag with a new alignment which is sometimes given. In this manner, thank you for watching the analysis, many thanks for everybody supporting, have a good time and 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 markets.
BYBIT:BTCUSD.P
by VincePrince
14
Bitcoin, Builds Potential Next Flag-Formation, Important Zones!Hello Traders Investors And Community, Welcome to this analysis about Bitcoin, we are looking at the 30-minute timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. Bitcoin recently has made fundamentally important moves as it established the breakout above its previous trading-range and marked above the 45.000 USD level, this was a serious step that needs the proper conclusions to further validate, besides that Bitcoin also already formed a bull-flag-formation in the structure that completed and as I discovered Bitcoin is forming a similar formation right now, therefore I detected all the important levels and likely outcomes we should consider here. As when looking at my chart now we can watch there how Bitcoin has and fully completed this bull-flag-formation within the structure and has shown up with the breakout to test the 49.000 USD level, from where it firstly pulled back to the downside and is now about to develop a second important potential ascending-bull-flag-formation that is marked in black within my chart with the coherent wave-count within the formation already completing waves A to C in the structure and now as Bitcoin is approaching strong supports lying within the lower boundary and the supports coming into there the wave-count is likely to continue with the wave D in the structure that will move on to test the upper-boundary from where the final wave E has good potentials to originate. Taking all these factors into consideration Bitcoin has developed an important second formation that can show up with great potentials when it completes and especially has the ability to mark above the 50.000 USD level which is really a milestone for Bitcoin imagining that this is 10x of the price Bitcoin had one year ago. Taking these factors into account the next major wave C will show up when Bitcoin finally moves above the upper-boundary as marked in my chart, after this is done it has to be elevated how Bitcoin continues after the wave C has formed within the structure, for now, Bitcoin has formed a strong pace on the local perspective as well as on the global, it will be an exciting journey further. In this manner, thank you for watching the analysis, many thanks for everybody supporting, have a good time and 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 markets.
BYBIT:BTCUSD.P
by VincePrince
8
DEFI Index, Potential Reversal Firstly Testing Further Levels!Hello Traders Investors And Community, Welcome to this analysis about the DEFI Index, we are looking at the hourly timeframe perspectives, the recent events, the established formational structure, and what we can expect in the upcoming times. The index on the more global perspectives has approached highly overbought areas and recently struggled to maintain further with initial setbacks that should not be underestimated here, this is why I discovered an important formation that can firstly lead to a change in direction and testings of further levels, therefore I detected all the important levels and likely outcomes we should consider within the established structure and the upcoming movements ahead. As when looking at my chart we can watch there how the Index is now forming this major ascending-triangle-formation marked in my chart in blue with the coherent wave-count within the formation already completing the waves A to C and is now setting up to form the wave D within the schedule which will run directly into the strong support-zone marked in my chart with the blue box which is likely to be the origin of the wave E to the upside, this wave E will run directly into the dynamic-resistance-zone where the wave-count will finalize and has a high probability to indicate a bearish pullback to the downside as it is marked in my chart, when this pullback then does not manage to hold the range and moves below the lower boundary it will complete the whole formation and activate downside targets with further bearish pressure ahead, when these are reached it has to be elevated if the Index manages a stabilization within. In this case, it is possible that there comes the proper back-up and the index moves on to test higher levels however it is of extremely high importance for the Index to hold the support and do not fall below it because this will invalidate the bullish perspectives firstly. In this manner, thank you for watching the analysis, many thanks for everybody supporting, have a good time and 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 markets.
FTX:DEFIPERP
by VincePrince
11