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Bitcoin-trading

3/10 HEAD & SHOULDERS- BTC TO 39KHey guys, We have had a big rally to over 40.000USD per BTC. In the last days, the market notices a rejection combined with a recovery. The bounce-back of these levels could lead Bitcoin to retest recent highs, finding 39.000USD as an important Level. Hitting a temporary bottom with high volume turning into low volume could suggest a bounce back to higher levels for a slight 20% up! RSI looks good as well while forming a Head & Shoulders pattern, which often appears when a change in trend is upcoming. It acts as a reversal pattern! Let us see how this chart idea turns out. Thank you for tuning in, happy trading, roman from ger-quality-trades
COINBASE:BTCUSDLong
by GER-Quality-Trades
Bitcoin, Develops Massive Ascending-Channel, Important Zones!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 over the upcoming times. As Bitcoin, the last months and weeks has shown up with strong exaggerated bullish volatility to the upside almost gaining huge upside Bitcoin showed up with an initial bearish pullback to the downside that should not, in any case be underestimated here as the bearish downside volatility was just too strong and it is not seldom seen that the market continues after such initial moves, therefore I detected how this can look like and how Bitcoin can continue further within the next destinies. As when looking at my chart we can watch there how Bitcoin now developed this massive ascending-channel-formation with the boundaries marked in black within my chart, currently Bitcoin is not only testing resistance within the channel but also moves into local resistance and Fibonacci-resistance lying there, furthermore, Bitcoin is within this coherent protracted wave-count with the waves 1 to 3 already completed therefore the wave 4 is outstanding the next times which will complete when Bitcoin forwards with the correctional wave-count within the wave 4, this will happen when Bitcoin moves below the middle line of the channel marked in my chart in dashed grey, in this case, the lower strong support-cluster will serve as solid support. Bitcoin is trading in a situation where it has developed this massive formation with the huge volatile price-swings within the formation, such swings can provide good opportunities when this is done right as we have managed with trading the recent bearish wave all the way to the downside, now when Bitcoin should continue with this dynamic and proceed with forming the major wave 4 within the schedule it will run into the great support-cluster lying there possibly the origin of the final wave 5 to the upside completing the wave-count, however, this will be crucial as Bitcoin will run into the extension-level marked in my chart in red and also the resistance lying there, in this case, the zone can be a considerable short-zone as the wave-count will also be completed. In this manner, thank you for watching the analysis, have a good day and of course 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 markets.
BYBIT:BTCUSD.P
by VincePrince
35
Bitcoin, Builds Massive H-S-Formation, Possibilities Given!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. As Bitcoin has shown up with strong protracted bearish volatility to the downside it has found some support in the structure which it still holds nevertheless this support is extremely crucial here because when Bitcoin closes below this results in further increased bearish pressure, besides that, I discovered a worthwhile formation that will be the determining source within the next times, therefore I detected all the important levels and likely outcomes we should consider with Bitcoins established structure and the upcoming movements. Head-And-Shoulder Developments: When looking at my chart we can watch there how Bitcoin is about to form this massive head-and-shoulder-formation with the left shoulder and the head already developed in the range with the neckline marked in blue in my chart. The last time's Bitcoin has found support within the neckline and also within the 100-EMA marked in blue in my chart this is why we can expect the right shoulder to establish further from here, in this case, Bitcoin has major resistance-levels lying higher in the structure marked in my chart between the 38400 and 38500 levels in red where several resistances coming together consisting of the descending-resistance-line, the horizontal resistance and also Fibonacci-resistance. Upcoming Perspectives And Likely Possibilities: Taking all these factors into consideration it will be determining how this right shoulder further establishes within the structure, with Bitcoin moving into the strong resistance-cluster we can expect a bearish pullback to show up from there finalizing the right shoulder and completing the whole formation, in this case, the crucial point will come with Bitcoin moving into the neckline from where the final decision will show up, therefore the bearish case has a higher likelihood as Bitcoin is still in a bearish edge and as such formations have the higher tendency to complete bearishly to the downside, also the volume is matching in this case, therefore it will be decisive how Bitcoin finally completes with this more likely expectations. In this manner, thank you for watching the analysis, have a good day and of course good trading, all the best! "Prospect is the ingredient of good fortune." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
14
Here Is Why Bitcoin Forms A Potential Bear-Flag-Formation!Hi my friends, Welcome to this analysis about Bitcoin, we are looking at the 45-hour timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. As Bitcoin has shown up with these strong protracted bearish volatility to the downside after moving into the 41000 USD zone and pulling back there it has somewhat recovered marginally for now and it is a big question if Bitcoin manages to recover right away within this zone or if Bitcoin just sets up to form the next bearish volatility to the downside, therefore I detected all the important levels and likely outcomes we should consider with Bitcoin in the established structure and upcoming movements. Structural Developments: As when looking at my chart we can watch there how Bitcoin now bounced from the 30600 levels to the upside and formed these initial up moves in the structure, for now, this is not a concrete reversal and besides that Bitcoin is trading within this ascending-channel-formation marked in my chart in black where it is currently testing the lower-boundary, furthermore, Bitcoin has developed this coherent wave-count within the channel with the wave A and B almost completed in the structure and with the bounce into the lower boundary and the 600-EMA lying there found good support that can be the origin for the next wave C to the upside which will complete the whole wave-count and run into the strong resistance-layers remaining. Upcoming Perspectives: Taking all these factors into consideration the completion of the wave-count within the channel will be extremely crucial as Bitcoin will run into the strong upper resistance-cluster marked in my chart in red from where a pullback is highly likely when Bitcoin moves into this cluster, when the pullback then finally moves below the lower boundary of the channel and closes there as it is marked in my chart it will complete the channel as a bear-flag and activate lower levels to be reached, in this case, Bitcoin will first move into the bear-flag-target in blue which will be extremely important to hold because when this does not happen bearishness will increase further within the bearish-continuation-zone, for now, it will be determining how Bitcoin develops further within the channel-formation. In this manner, thank you for watching the analysis, have a good day and of course good trading, all the best! "Prospect is the ingredient of good fortune." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
25
BITCOIN | Buying Areas!Hi, Looks like some sort of correction has started with the price of Bitcoin and currently should have a perfect time to look up some buying areas. Last week I did a technical analysis of 20 altcoins to find technically good buying areas. A lot of them needed a BTC correction to reach there, we got it, and some have already reached and some are starting to approach strongly the buying areas - you can look them up on related ideas, just down below of this post. Okay, let's jump back to BTC, I have pointed out two major buying opportunities/areas, one is short-term and one is long-term. Starting from the higher box, short-term, it stays around 30k and technical criteria: 1) Previously worked support level 2) The round/psychological number 30k 3) 4H EMA200, the price of Bitcoin hasn't touched it more than 3 months on the 4-hour timeframe and if it does it then there are quite good odds that we also get a rejection of it! For me, it is a short-term opportunity (target 35k), because there might form a bearish chart pattern called Head and Shoulders and in general 35k level has played a role during the previous price action. The lowe box, the major box, THE b-u-y-i-n-g area. Obviously, it can take some time if it reaches there but you better be ready for it!! I consider it as a long-term buying area and the criteria are: 1) The famous previous ATH acting as a support level. 2) Round number 20k 3) 50% drop from the current ATH. IF the price of BTC reaches there without making a new all-time high then it would be PERFECT, because these 50% drops from ATH (or previous peak) are very powerful areas to make a buy. 4) Fibonacci retracement Golden ratio 62% 5) Daily EMA 200 “There is a time to go long, a time to go short and a time to go fishing.” - Jesse Livermore Atm option A would be logical ;) Regards, Vaido
COINBASE:BTCUSDLong
by VaidoVeek
33
Bitcoin, Since Bearish Volatility, Decisive Formation Develops!Hi Traders, Welcome to this analysis about Bitcoin, we are looking at the 2-hour timeframe perspective, the recent events, the current formational structure, and what we can expect the next times. Bitcoin recently has shown up with strong bearish declines after pulling back from the 41.500 USD level, this was a great opportunity for us within the channel to trade this major bearish move on the short-side giving us a great executed trade within the schedule, now as Bitcoin moved into the lower ranges and is somewhat testing the remaining support this can result in a decisive formation that will show the determinations when completed, therefore we are looking at all the important levels and likely outcomes to consider here. As when looking at my chart we can watch there how Bitcoin now found support within this ascending-trend-line marked in blue and also within this important 200-EMA marked in light-blue, currently these supports are holding and when Bitcoin increases with bullishness from here it will move on to test the upper levels of resistances that are marked in my chart within the red level and the strong resistance lying there ase there are coming several resistances together this is a level that should not be underestimated and therefore we can expect a pullback to emerge from there firstly moving into the lower levels in the structure firstly and testing them, overall this will determine the major head-and-shoulder-formation. Taking all these factors into consideration the formation Bitcoin is forming here will be the decisive factor in the upcoming times and it has to be noted that such a formation either completes bullishly or bearishly with a higher tendency to confirm bearishly, this is why the bearish perspective and breakout should be more expected here however it is from inevitable importance and necessary to wait on the proper confirmations before moving into the final direction of which one the bearish side has a higher possibility as already mentioned. Especially when this formation completes bearishly this will cause an increase of bearishness and point to lower levels to be reached, for now, it will be crucial how the right shoulder develops. In this manner, thank you for watching the analysis, have a good day and of course good trading, all the best! "Prospect is the ingredient of good fortune." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
5
Bitcoin, Setting Up For A More Protracted Bearish Move!Hi Traders, Welcome to this analysis about Bitcoin, we are looking at the 45-minute timeframe perspective and the analysis is also building coherently upon the hourly perspective and the channel-situation I mentioned recently, if you did not see this analysis already I highly recommend it to watch to have a full-depth-overview. Now as Bitcoin has pulled back from the upper resistance-cluster and the upper boundary of the channel as expected I discovered some worthwhile other signs on the 45-minute chart also that can add to the picture and be the determining source within the next times, therefore we are looking at the important levels and likely outcomes we should consider here. As when looking at my chart now we can watch Bitcoin there trading in this channel-formation marked in black and Bitcoin already completed this wave-count within the formation to recently showing up with some strong bearish moves testing into the lower boundary of the channel, now Bitcoin has also this local resistance-cluster marked in red in my chart within the channel where a pullback to the downside is likely when Bitcoin moves into it anew. The crucial part will come when Bitcoin moves below the lower boundary as this will confirm the formation as a bear-flag and point to the lower levels to be reached, firstly into the 36700 levels from where stabilization can be possible. Bitcoin is in a situation where the dynamic altered into a more local bearish perspective, this is why we should not underestimate this possibility here and especially when Bitcoin completes this channel as a bear-flag it has to be elevated how Bitcoin reacts within the lower zones, when Bitcoin moves into the blue support a stabilization can follow otherwise when this does not happen and bullish strength decreases more Bitcoin will continue within the bearish-continuation-range. This shows one more time how things change within the cryptocurrency market and why it is important to assess these to take the appropriate action. In this manner, thank you for watching the analysis, have a good day and of course good trading, all the best! "Prospect is the ingredient of good fortune." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
5
Bitcoin, Trading In Descending-Channel, Important Levels!Hi my friends, Welcome to this analysis about Bitcoin, we are looking at the hourly timeframe perspective. Bitcoin amazingly reached the 40.000 USD level with solid bullish movements to the upside which was a good place for us to secure the profits. Now we see Bitcoin approaching important resistance and besides that, I discovered a meaningful formation Bitcoin is building here that can be the determining source for further movements, therefore it is important to assess the current edge and see where the possibilities are lying and what Bitcoin needs to do to come up with the certain establishments, therefore I detected all the important levels and likely outcomes we should consider here. As when looking at my chart we can watch there Bitcoin has built this major descending-channel-formation marked in blue within my chart in which it is forming a coherent wave-count determined within the channel and with the wave A as well as the wave B already formed with the wave B now approaching serious upper resistance with the resistance-cluster lying there this is why we can expect bearish pullbacks to take place from this level marked in my chart in red, this will also be the origin for the wave C to the downside that will complete the whole wave-count and is likely to be the source for a possible reversal when Bitcoin holds the proper supports lower in the structure. Now when Bitcoin moves into the wave C as suggested it will continue bearishly till there is appropriate support found in which it can reverse the dynamic and stabilize again, this is given within the 38.000 USD level marked in my chart in blue where several supports are lying coming together within this support-cluster determined by the lower-boundary, the 100-EMA in red and the horizontal support lying there good for a bounce to the upside with ongoing breakout possibility of the channel however when this does not happen and Bitcoin increases further with bearish pressure within this level Bitcoin will continue and protract the wave C within the wave-C-extension-zone marked in my chart. In this manner, thank you for watching the analysis, have a good day and of course 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 markets.
COINBASE:BTCUSD
by VincePrince
6
EDUCATION: PitchforkHello, dear subscribers! Today we are going to consider a very important tool of trend trading - the pitchfork. What is the Pitchfork? The pitchfork is the variant of the trend channel. The difference is that pitchfork has an inner additional channel inside the big main trend channel. The median or the centraline divides these channels in to two parts. It is commonly known that the price usually tends to vary in the upper or lower pitchfork half. Thus the price can often find support and resistance next to resistance, support and central lines. Support, resistance and breakouts When the price breaks through the central line the price changes the half of the pitchfork. Sooner or later there will be the massive brakeout as a result of which the price escape the pitchfork. In our example the price broke through the resistance line and found the support above it. If the price has an attempt to return back to the pitchfork and this attempt was rejected we can expect the massive price growth. Trading Let's talk about the trading opportunities into pitchfork. We should observe carefully the monents when the price is next to the resistance, support or centraline. If there is a confirmation of the bounce off it the position should be executed in the direction of this bounce. DISCLAMER: Information is provided only for the educational purposes and should not be used to take action in the markets.
Education
by Skyrexio
39
Bitcoin, Trades In Flag-Formation, Potential When Completed!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, what we can expect the upcoming times and how to possibly handle the situation appropriately. Bitcoin has developed a strong uptrend with protracted bullish volatility and it was great to secure our profits, now it will be a big question of how the market continues within the given circumstances, in this case, I detected an interesting formation that is likely to be the determining source in the upcoming times and will prove worthwhile when it completed, therefore I detected all the important levels and likely outcomes we should consider here. As when looking at my chart we can watch there how Bitcoin is now trading within this descending-channel-formation marked in my chart in blue, furthermore Bitcoin has developed a coherent wave-count within the formation with the waves A to C already fully completed and with the wave D now about to develop the next times, this wave D will directly run into the strong resistance-cluster marked in red in my chart where several resistances are lying and therefore likely to show up with a pullback from there which will then be the origin of the final wave E to the downside that will finalize the whole wave-count and therefore also a possible source of the bull-flag-formation, therefore it is necessary that Bitcoin bounces within the confirmational-bounce-cluster. Bitcoin is in a situation where it has formed a decisive formation that lies ground for the next determinations. The next times will show how Bitcoin develops under the suggested circumstances and when Bitcoin manages to bounce within the cluster to form a strong bullish move to the upside from there the next step will be that Bitcoin marks above the upper boundary and stay there as it is shown in my chart, such price-action will fully confirm the bull-flag and activate the upside targets seen in my chart within the 42.500 level, when Bitcoin reaches these targets it has to be elevated how Bitcoin reacts there and if there comes a pullback which is not unlikely or an immediate bullish continuation to the upside, it will be an interesting development. In this manner, thank you for watching the analysis, have a good day and of course 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 markets.
BYBIT:BTCUSD.P
by VincePrince
8
Bitcoin Awaits Major Channel-Breakout, Upcoming Objections!Hi my friends, Welcome to this analysis about Bitcoin, we are looking at the 4-hour timeframe perspective, the recent events, the established formational structure, what we can expect the upcoming times and how to possibly handle the situation in an appropriate manner. Bitcoin the last times made the fundamental moves above 35.000 USD and already forming an initial breakout out of its established range with a bullish edge, now besides that Bitcoin as I discovered Bitcoin is trading in several formations that will determine the further outcomes and lie ground for the next directional movements, therefore I detected all the important levels and likely outcomes we should consider here. Structural Developments: As when looking at my chart we can watch there how Bitcoin has developed this massive ascending-channel-formation marked in my chart in blue, furthermore Bitcoin has developed this strongly volatile ABC-wave-count to the upside marked in red in my chart. The last time's Bitcoin moved on to test the upper boundary of the ascending-channel-formation and also is forming this coherent triangular-cluster-formation marked in orange in my chart, actually, this formation will give the edge for Bitcoin next perspectives and objections ahead when Bitcoin manages to form a strong and decisive breakout above the two upper boundaries determined by the ascending-channel and the triangle. Upcoming Perspectives: Taking all these factors into consideration Bitcoin will increase the speed of its bullishness when forming the breakout above the boundaries and also activate upside targets in this case determined by the percentage objection of the triangular-cluster-formation to the breakout-zone into the upside, these targets lying around the 43.200 USD level and when Bitcoin reached these zones an initial pullback can be expected and it has to be elevated how Bitcoin reacts there and if there comes an immediate continuation or firstly visiting of lower levels, for now, it will be worthwhile how Bitcoin moves on to establish this major breakout, it will be an interesting development ahead. In this manner, thank you for watching the analysis, have a good start into the New Year 2021, many thanks for all people supporting, all the best! "Trading effectively is about assessing possibilities, not certainties." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
4
Bitcoin, Jumps Above 35.000 And Forms New Uptrend-Channel!my friends, Welcome to this analysis about Bitcoin, we are looking at the hourly timeframe perspective, the recent events, the current formational structure, and what we can expect in the upcoming times. Bitcoin the last times showed up with bullish moves managing to breakout above its established range and mark above the 35.000 USD level, now as these events happened the bullish edge continues to increase and besides these events, I discovered an important formation here that can be worthwhile determining Bitcoin next developments, therefore we are looking at all the meaningful levels and likely perspectives we should consider with Bitcoins developed structure and upcoming movements. As when looking at my chart we can watch there Bitcoin has now clearly formed this major uptrend-channel marked in my chart in blue, furthermore, Bitcoin has developed this coherent wave-count within the channel already with the completion of the waves 1 to 3 and now about to develop the wave 4 in the range as it is marked in my chart, this wave 4 will run directly into the great confirmational-bounce-cluster marked in my chart in blue where several supports coming together and therefore has a good ability to bounce to the upside and be the origin of the wave 5 that will finalize the whole wave-count and move into the upper ranges where the elevation can alter which is important here. When Bitcoin moves on within the near future to form wave 4 and bounce from the cluster Bitcoin with a high likelihood will protract into the upper-boundary and the resistance-cluster lying there as it is marked in my chart in red in that also the Fibonacci-extension is lying, as Bitcoin will reach several finalizations there the pullback-possibility within this zone should not be underestimated and especially when Bitcoin moves below the lower-boundary this can move Bitcoin into a more protracted continuation to the downside. For now, it will be important to elevate the further development in the uptrend-channel however then also be prepared for a possible pullback with Bitcoin reaches In this manner, thank you for watching the analysis, have a good start into the New Year 2021, many thanks for all people supporting, all the best! "Prospect is the ingredient of good fortune." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
10
Bitcoin, Trading Within The Channel, These Levels Are Crucial!Hi my friends, Welcome to this analysis about Bitcoin, we are looking at the 45-minute timeframe perspective. Bitcoin recently has shown up with highly volatile movements to the downside as it already somewhat recovered from this downside and bounced back, now besides these fundamental conditions, as I discovered Bitcoin is forming a decisive formation here that will be the determining source once the proper price-action develops, therefore I detected all the important levels and likely outcomes we should consider here. As when looking at my chart we can watch there how Bitcoin is now about to form this massive descending-channel-formation marked with the boundaries in black and besides that Bitcoin established this coherent wave-count to the downside in that it already completed waves A to B in the schedule and now is about to form the final wave C that will finalize the whole wave-count, this wave C is divided into the sub-waves and has strong resistance in the zone giving the edge for the continuation to the downside till there is support found in that Bitcoin has the ability to reverse and fully complete this wave-count, this is possible to happen within the lower support at 26680. Taking all these factors into consideration it will be highly important how Bitcoin the next time reacts to this strong resistance-cluster marked in red in my chart when Bitcoin shows up with a stronger pullback from there the wave C is likely to follow in the schedule. Such Descending-channels have the ability to break out when bulls have enough strength however this first needs to be validated as the bearish perspective is still omnipresent and the bearishness can also gain in strength when it moves below the lower boundary, therefore it will be necessary to elevate how Bitcoin reacts within the lower supports and then take up further alignments, it will be an interesting journey ahead. In this manner, thank you for watching the analysis, have a good start into the New Year 2021, many thanks for all people supporting, all the best! "There are many roads to prosperity but one must be taken." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
17
Bitcoin, Bearish Volatility, How A Stabilization Can Establish!Hi my friends, Welcome to this analysis about Bitcoin, we are looking at the hourly timeframe perspective, the recent events, the current formational structure, and what we can expect in the upcoming times. What a strong downside volatility Bitcoin has shown up the last times! This was a great trade for us within the channel to enter the short before these highly volatile movements pushed into our target-zone and secure our profits. Now as the market has shown up with these initial downside volatility it is an important question if a bearish continuation follows ahead or the price-action manages to recover, currently, we should not keep this bearish perspective out of sight here, therefore I discovered all the important levels and likely outcomes ahead. As when looking at my chart we can watch there how Bitcoin actually showed up with this heavy bearishness after moving below this ascending-trend-line which was support several times before and is now resistance, we have seen Bitcoin almost exaggerating with bearishness as it moved below this trend-line. Currently, Bitcoin has found some marginal supports within the structure however the up moves resulting from it moving directly into the strong remaining resistance layers determined by the resistance-cluster marked in my chart in red where several resistances coming together consisting of the descending-resistance-line in red, the 20-EMA in green as well as the 45-EMA in red and also mainly the strong 38.2% Fibonacci-resistance within this level. Taking all these factors into consideration it will be highly likely that when Bitcoin visits this mentioned resistance-cluster it will result in a new bearish leg to the downside protracting the bearishness till there is support found in which Bitcoin can stabilize and reverse the dynamic again, this holds true within the point-of-control marked in my chart in red where Bitcoin has good potentials to back-up and continue to the upside testing the remaining resistances, this support is also extremely important to hold because when Bitcoin moves below it this will lead to an increase in further bearish pressure and visiting of even lower levels. Next time will show how Bitcoin develops further here and for now we should be prepared for new bearish testing of the lower ranges. In this manner, thank you for watching the analysis, have a good start into the New Year 2021, many thanks for all people supporting, all the best! "Prospect is the ingredient of good fortune." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
2
Bitcoin, Within The Channel, Important Considerations!Hi my friends, Welcome to this analysis about Bitcoin, we are looking at the 4-hour timeframe perspective and actually, this timeframe has many similarities with the situation on the hourly timeframe perspective I mentioned before, therefore this analysis is building up coherently on the previous one. There are however also important signs I discovered adding additionally into the structure and therefore worthwhile to look at when determining Bitcoins established movements and the likely upcoming perspectives ahead. As when looking at my chart we can actually see there Bitcoin has developed this massive ascending-channel-formation with the coherent wave-count established within the formation and the waves A to C almost already finished, the amazing thing with the wave C here is that it is actually also ending with the ascending-triangle-formation into the upper-resistance as it is marked in my chart, besides that this still bullishness is held to the upside by the conversion line of the Ichimoku cloud and when this line is broken to the downside which is a likely consideration it will give the indication for the next wave D to develop in the wave-count and move into the lower levels where some solid supports are lying consisting of the back-up-cluster there marked in blue in my chart where Bitcoin has several supports, this zone has a high likelihood to be the source of the final wave E to the upside that will finalize the whole wave-count. In the next times, we will see how Bitcoin completes this ascending-triangle-formation completing the wave C in the structure and potentially moving on with a breakout to the downside that should not be kept by side when considering these circumstances. Overall we can expect the wave-count to move on here till higher levels are tested from where Bitcoin will do further decisions and alignments, it should be expected that when Bitcoin finishes the wave-count a pullback firstly develops testing lower levels in the structure. In this manner, thank you for watching the analysis, have a good start into the New Year 2021, many thanks for all people supporting, all the best! "There are many roads to prosperity but one must be taken" Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
4
Bitcoin, This Formation Will Be The Decisive Factor Next Times!Hi my friends, Welcome to this analysis about Bitcoin , we are looking at the hourly timeframe perspective. Bitcoin these times as emerging within the new year 2021 is forming a decisive formation in the established structure that will be the determining source when completed, therefore I detected all the important levels and likely outcomes we should consider here. As when looking at my chart we can watch there this major formation Bitcoin is building here determined as an ascending-triangle-formation that is normally in most occasions a formation indicating a bearish reversal to the downside, this formation is marked in blue in my chart and besides that Bitcoin is developing this coherent wave-count within the formation with the waves A to D already completed and the wave E remaining the next times, this wave E will run directly into the strong upper-resistance marked in my chart in red were not only the psychological 30.000 USD resistance is lying but also other resistances such as the upper-boundary and the horizontal resistance within this level making it a highly likely zone to show up with a pullback, when this pullback moves below the lower boundary as it is marked in my chart such price-action will complete the whole ascending-triangle-formation and activate further bearish continuation till support is found in which Bitcoin can reverse which is given within the support zone marked in my chart in blue. Bitcoin is in a situation where it has developed decisive structures that should not be underestimated here, therefore we need to assess next times how Bitcoin establishes further and how this formation finally completes within the structure, when this formation develops under the suggested circumstances we can expect the next conclusions to follow. In this manner, thank you for watching the analysis, have a good start into the New Year 2021, many thanks for all people supporting, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
24
Bitcoin, One Year Moved And These Are The Developed Objections!Hi my friends, Welcome to this update-analysis about Bitcoin, we are looking at the weekly timeframe perspective. The year 2020 is coming to an end and Bitocin gone true many ups and downs this year caused by the corona crisis developing high volatility in almost all global financial markets so also in cryptocurrency, these events just increased the volatility within this already high volatile market and as traders, it is important that we anticipate such events to act accordingly and also take the advantage of opportunities arising and it is really good to watch that we have achieved this within the year 2020. Besides that Bitcoin has managed to complete this major cup-handle-formation that I mentioned with new Year's eve of this year and the 2020 projection. When looking at my chart we can watch there Bitcoin now moved above the neckline of the massive cup-handle-formation and closed there, the next times we can expect a pullback to the neckline taking place and validating it before moving on with the pace it established here, these events making the target-zone seen in my chart a realistic zone to be reached and that also in 2021, therefore, you can watch the time and price projection marked in my chart, it will be interesting how Bitcoin will react when fulfilling these projections and if there comes a major change after these have fulfilled. Currently, this scenario is the highest likely one, there is however a small possibility that this invalidates when Bitcoin moves below the 15-EMA marked in green for example however this is at the moment a quite marginal possibility and it is within a higher likelihood that Bitcoin stays above the range. 2020 was a very volatile year especially within almost all global financial markets, we have seen historical movements never seen before, highly downside volatility, and fast recovery after it, in such circumstances it is important to keep calm and examine each individual situation as it is to do not overspeculate the market as this is happening to often these times, this is necessary to finally move into the right direction trading within the market and it is really good to watch that we have realized this in a consistent and adequate manner. With Bitcoin we have seen this huge cup-and-handle-formation detected in the beginning of this year now finally completing which gives a good indication for further developments and it will be an interesting journey upcoming. In this manner, thank you for watching the analysis, have a good Happy New Year's Eve, many thanks for all people supporting this year, all the best! "Prospect is the ingredient of good fortune." Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
27
Bitcoin, Approachments That Will Determine Upcoming Destinies!Hello my friends, Welcome to this analysis about Bitcoin, we are looking at the daily timeframe perspective, the recent events, the established formational structure, what to expect the upcoming times and how to possibly handle the situation appropriately. The year 2020 is coming to an end and it is great to see the achievements reached within the Elite Channel in 2020 and the support came from people supporting, this is really fortunate and we are looking forward to 2021 also staying tuned within the market and looking for the proper opportunities. The last times we have seen Bitcoin moving forward with strong upside volatility while other major Cryptocurrencies have different edges from either bullish to go sideways or moving to the downside, these divergences are important to recognize when trading within this market especially with currencies that have high volatility as it is often the case, for the major Bitcoin there is still room however we should not underestimate the overbought situations and that the market can reverse direction sooner or later, therefore I detected all the important levels and likely outcomes we should consider here. As when looking at my chart we can watch there how Bitcoin has now established this important wave-count to the upside with the waves 1 to 3 almost already completed and the wave 3 now approached this major ascending-resistance-line marked in my chart in red where it initially pulled back and more pullbacks are likely to show up the next times. When Bitcoin shows up with further pullbacks in this structure to form wave 4 this will lead into the blue back-up-cluster marked in my chart where several supports lying and also the breakout-origin from this major ascending-channel-formation from were on Bitcoin gained upside momentum moving strongly above the upper-boundary, this zone is a likely zone to bounce and a likely zone for the wave 5 to establish that will move higher and point to the head-and-shoulder-target at 37715.5 that I already mentioned previously. When considering this the blue cluster is extremely urgent to hold because Bitcoin will increase with bearish pressure when moving below, when Bitcoin points to the final head-and-shoulder-target and also reaches it the possibility for a bigger pullback firstly moving to lower levels is high, for now, it will be crucial how Bitcoin moves on with the wave-count and how it reacts when reaching the main targets, it will be interesting developments ahead. In this manner, thank you for watching the analysis, have a good upcoming Happy New Year's Eve, many thanks for all people supporting this year, 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
2
The Probability of the BTC Price CorrectionHello, dear subscribers! Today we are going to consider the possible BTC price movements scenarios. There was the huge price growth three days ago from the R2 monthly CPR level to R3. But it bounced off this level and began a consolidation period. During this period the descending triangle pattern was formed and now the price is testing its lower band. We can also notice that the price bounced off the CPR daily and now is testing the S1 level which is matches with the triangle lower band. We can conclude that it is the strong support at this level. There are globally two possible scenarios: (1)Green. The price will bounces off this support level and continue its consolidation. In this case we should observe the future price movements to build the appropriate analysis. (2)Red. The price will face with the correction in case of the triangle breakdown. We can see the attempt to re-enter the triangle, but in case of bounce off this level down the correction to the $24300 is inevitable. The MACD indicator demonstrates the bearish sign: the MACD line crossed the 0-line and the signal line from up to down. To sum up, the BTC is still is very bullish but we have to watch for the further BTC price movement to make it clear when the correction could be. If the price will break through the higher band of triangle we can see the massive growth to the $28600. Please be very careful now!
by Skyrexio
2
Bitcoin, Develops Decisive Bear-Flag, What To Consider!Hi my friends, Welcome to this analysis about Bitcoin, we are looking at the 30-minute timeframe perspective, the recent events, the current formational structure, what we can expect the next times and how to possibly handle the situation appropriately. Bitcoin since forming its high at around 28400 initially pulled back and showed up with increased bearish price-action that should not be kept by side, for now, currently, Bitcoin is also forming a decisive formation that will show the further conclusions with the differentiated price-action, therefore I detected all the important levels and likely outcomes we should consider with Bitcoin within the established structure and the upcoming movements. As when looking at my chart we can watch there what formation Bitcoin is at the moment building within its structure this formation is within the first line an ascending-channel-formation marked in blue in my chart, besides that Bitcoin has established this coherent wave-count within the formation already completing waves A and B and now setting up to form the final wave E that will complete the whole wave-count and will run directly into the major upper-resistance marked in my chart in red where several resistances coming together consisting of the Fibonacci-resistance, the horizontal resistance and the upper-boundary-resistance making it a highly likely place to show up with the pullback as it is shown. Taking all these factors into consideration it is of high importance that the confirmations show up within the structure before moving into the final direction, the final bear-flag-confirmation will show up when Bitcoin finally moves below the lower boundary of the formation and also below the 200-EMA in blue, such price-action will activate further bearishness and point to lower levels in the structure, on the reverse when Bitcoin does not establish such a confirmation to stay above the boundary and EMA this can possibly invalidate the bear-flag-scenario when Bitcoin gains strength above the level however when looking at the situation and the significant signs within this scenario is currently not the most likely and the bearish perspective should not be underestimated here, next times will show how the circumstances develop and how Bitcoin moves on, in any case, we should be prepared on possible further declines. In this manner, thank you for watching the analysis, have a great upcoming New Year's Eve, many thanks for all people supporting this year, all the best! "Prospect is the ingredient of good fortune." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
9
Bitcoin, Establishes Bearish Pace, Important Considerations!Hello Traders Investors And Community, Welcome to this analysis about Bitcoin, we are looking at the 2-hour timeframe perspective. Bitcoin recently has shown up with strong downside volatility as it rejected almost exactly within the upper-boundary of the ascending-channel that it is forming also on the weekly timeframe that I mentioned recently, now as this initial bearish pace established here it is important to do not keep this perspective by side as it is not seldom that the market follows up with further declines, the big upcoming question will be if Bitcoin manages to recover from these pullbacks or firstly moves on with the bearishness into a more protracted continuation to the downside, in this case I discovered the meaningful levels and likely destinies of Bitcoin we should consider now. As when looking at my chart we can watch there Bitcoin is currently about to test the remaining resistance-zones determined by local Fibonacci-resistance and also the descending-resistance-line marked in my chart in red, Bitcoin already rejected within the lower timeframes within this level and we can expect the pullbacks to increase from this point on as this is more likely than Bitcoin right away moving above this level. When Bitcoin then finally moves below the 25-EMA marked in my chart in grey this will lead to a continuation till the lower supports are reached which will be extremely crucial as Bitcoin needs to hold them to consider any sufficient bullish recovery within the structure otherwise when moving below this will lead to a C-wave-extension and increasing of bearish pressure as Bitcoin will be below several bullish reference-points. The next time it will be telling how Bitcoin furthers in this structure and especially how it reacts when moving into the important support-zones that need to be held sustainably for a bullish continuation and testing of upper zones anew. Therefore it is necessary to keep patient and elevate how Bitcoin develops further than to overspeculate the market and rush into trades that do not satisfy as this is seen too often these days just giving ground for the market makers and smart money operators pushing prices up and down, therefore it is indispensable to realize the changes within the market when they occur to do not get overwhelmed by circumstances, we will see now how Bitcoin manages a possible recovery here and how it will prospect under the given circumstances, it will be an interesting development. In this manner, thank you for watching the analysis, have a great upcoming Happy New Year's Eve, many thanks for all people supporting this year, all the best! "Prospect is the ingredient of good fortune." Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
8