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Bitcoin-trading

Bitcoin, Trading Near A-T-H, Bullish Signs Despite Overbought!Hello Traders Investors And Community, Welcome to this analysis where we are looking at Bitcoins 4-hour timeframe perspective, the recent events, the current formational structure, what we can expect over the next times and how to possibly handle the upcoming situations. Since the corona crisis established this year with initial heavy breakdowns in all global markets Bitcoin has managed to recover after these breakdowns fully emerged and the bottom was developed, now Bitcoin somewhat magically managed to move into the all-time-high region which is a historical point as Bitcoin only spend few days within this region, the market is overbought and the fear-and-greed-index near its all-time-high also, normally such conditions are good to prepare possible shorting within the market however as I detected Bitcoin is still sending bullish signs here which should not be underestimated and as Bitcoin approaches this meaningful area I detected the important zones and likely outcomes we should consider over the next days. When looking at my chart you can watch there Bitcoin is trading within this huge ascending-channel-formation marked in blue where it already tested severely the upper-boundary, normally what is seen after this kind of trading within such a channel is a heavy breakout either to the up or downside and as Bitcoin established more bullishly signs the bullish breakout has more possibilities, it was also very significant that Bitcoin managed to complete the triangle and wedge-formation I already mentioned previously. The next times we can expect Bitcoin to continue bullish when it manages a decisive breakout above the upper-boundary as it is marked in my chart, when this happens the way for a new all-time-high is there which will possibly emerge when Bitcoin increases in bullish price-action above the boundary. When Bitcoin finally completes a new all-time-high this will be crucial as the indicator conditions are still overbought with Bitcoin and what normally comes after such overbought-phases is minium a correction to the downside which we should not underestimate in terms of realization of the overbought-conditions. In this manner friends, thank you, everybody, for watching, supports for more market insight will be great, have a good day and good weekend as well! "Miracles tend to happen outside the usual experiences ." Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
23
That escalated quickly! 🌋Since our last update, the bulls manage to break the two important resistance levels at $12067 and $13764. This results in a further escalation to higher quotations. After the market only reached minor correction targets, we entered another long position at around $16000. We expect wave 1 in light blue to continue. The target is around the current all-time highs at 20k. After wave 1, we still anticipate a bigger correction to lay a long-lasting fundament. Happy Trading!
BITFINEX:BTCUSD
by MarketIntel
3
Bitcoin, Managed A Great Triangle-Breakout, Likely Perspectives!Hello Traders Investors And Community, Welcome to this analysis where we are looking at the triangle I already mentioned previously from a more local perspective, the recent events, the formational establishment and what we can expect the next times. Bitcoin recently managed to breakout above the major upper-boundary and succeeded in confirming this triangle bullishly to the upside, as this important price-action gave the initial direction now there are other meaningful factors I detected adding into the structure, therefore I discovered the preliminary significant levels and likely perspectives we should consider with Bitcoin and its further development ahead. As when looking at my chart now you can watch there Bitcoin has shown up with this strong exponential volatile breakout above the upper-boundary and already tested the dashed grey descending-resistance-line. Now as it is not seldom seen that after such a breakout of the formation a pullback emerges travelling back to the initial breakout zone which will be in this case the upper-boundary of the formation, furthermore Bitcoin has some solid supports in this structure coming together and adding into this bullish-confirmational-cluster marked in blue were the several supports adding into consisting of the 80-EMA in green, the 120-EMA in red, the upper boundary of the formation in blue and also importantly the upper-boundary of the huge broadening-wedge-formation I mentioned previously. When Bitcoin approaches this important cluster a bounce to the upside is highly likely, this bounce will continue when the bullishness is strong enough and to finally appear with this it is from high importance that Bitcoin does not fall below the cluster again. When Bitcoin proceeds with the bullish price-action and moves above the dashed grey descending-resistance-line it is likely to continue and point into the triangle-targets marked in blue in my chart from where a new allocation needs to be done. The motions Bitcoin has now shown up with have one more time shown that the cryptocurrency market can change extremely fast in volatility which can provide some good opportunities when catching up into the market with the right lineup this is where we succeded within the channel as we have also taken advantage of it and the approach measured by me here shows that technical analysis is a science that can function well when applied right regardless of what academics is stating so often that it is all just random walk, as Bitcoin has now developed this fundamental price-action it will be an interesting further development coming up next times. In this manner, thank you, everybody, for watching, have a good day as well as 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
30
Bitcoin, Formed Major B-Wedge-Formation, Likely Steps Ahead!Hello Traders Investors And Community, Bitcoin recently has shown up with exaggerated bullish volatility to the upside and in this case, I detected some highly important signs on the 2-hour timeframe perspective, Bitcoin already formed this massive formation where when it shows up with the proper price-actions now can increase with potentials coming up the next times, till then it is important to assess the proper validation before going into the direction and when it happens there will come some great opportunities ahead, therefore I detected all the important levels in the current structure and what outcomes are likely to show up the upcoming times under given circumstances. When looking at my chart you can watch there Bitcoin builds this huge broadening-wedge-formation with the boundaries marked in blue and the wave-count already formed and completed with the recent breakout above the upper-boundary as it is marked in my chart, above this boundary Bitcoin now builds this new important formation which the confirmational-triangle-formation marked in orange in my chart that will be worthwhile the next steps ahead. When Bitcoin manages to breakout above the boundary of this formation and close there this can lie ground for continued bullish pace further in the structure, when Bitcoin manages then to pull back and confirm the 15-EMA in blue together with the upper-boundary as support this will be the proper price-action for continuations ahead, in this case, it is highly important that Bitcoin does not fall below the 15-EMA and the boundary again because this can possibly invalidate the bullishness and show up with bearish pressure visiting lower levels in the structure. Bitcoin is trading in a situation where it has formed some solid formational indications that can show up with great continuation realizations ahead as suggested, now it is important to keep patient to the final confirmation to anticipate the upcoming targets. When Bitcoin reached the target zone seen in my chart at the 19400 level it has to be elevated if Bitcoin manages to continue right away bullishly from there or firstly forms a reversal testing lower levels in the structure anew nevertheless the bullish pace Bitcoin has shown up with here can continue when the conditions develop in the right manner, this will be an interesting journey ahead. In this manner, thank you, everybody, for watching, have a good day as well as good trading, all the best! “Miracles tend to happen outside the usual experiences.” Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
17
BTC Fantasy on 03-04 2021 13-13-13-13 666 Trade/Meaning of LifeBitcoin's main trend is upward. Which formed the ascending channel. Always trade with the trend. Decide in which trend you are trading and on which timeframe. Decide on strategy and risk management. Your first enemy is a lack of experience and knowledge. Your second enemy is greed and a sense of lost profits. You always have time to make money, the market will not run away from you, but money in the absence of experience and knowledge will run away. On a bull trend it is better to always work on the bull side; on a bearish trend, on a bearish side. Always follow the trend! Going against the trend is the same thing that falls under the locomotive and hoping that it will not overeat you, but will bounce off of you! There should be a strategy and plan. At the same time, your strategy and plan should be plastic from market situations. You need to not only know the rules of technical analysis, but also understand what and how and why it works. Knowledge of technical analysis and the psychology of the crowd will make you in trading - God. If you are like everyone else, then the result will be like everyone else. Those people who rely on quick profits without effort and time are doomed to give their modest deposit more smart and hardworking. For the minority to earn money, the majority need to lose money in the market. The more the majority plays according to the rules imposed by the minority, the more money is lost. Consequently, a minority earns. To earn, you need someone to lose! When a minority needs it, the rules of technical analysis stop working. The faith of the majority imposed by the minority destroys the mountains and minor minority deposits. In the game against the crowd, only time decides the question of when the average zeroing of the deposit in the average person will occur. Those traders who are sure that success depends on only one successful purchase, retention of the asset for a short time, and then sales are many times more expensive - are doomed to zero the deposit. This is what the majority think, which means that this is an erroneous opinion. Thanks to this majority faith, the minority earns. Trading is not only work - it is creativity and relaxation! Remember, trading is a game of probabilities. Who trades from the situation created in the market - earns. Who trades on the basis of what he wants - receives a loss. The crowd trades out of their desires, not market probabilities. The crowd always loses. Thanks to the thinking and desires of the crowd, we earn. There are no accidents, there are random patterns that must be understood and used. Coincidences are planned actions disguised as randomness. 369-27-669-27 3075-1170-1666-444-27-01-20 310-130-23-13-06-02-2020-13 371-27-671-27 Money is not the meaning of life, but a tool for life!!! Appreciate the time of your life in this world - this is really a limited resource. Time will pass, life will go. Have you been born in this world for a cut paper of money that you will never have in your desired quantity? Think it over. Also think about patterns. Why is it that everyone who wants to have a lot of money remains very poor. And the opposite is true - who does not pursue the amount of money, but does good deeds , receives fantastic amounts in a short time that the “supplicant” and “wait for money” will never receive for all their wretched existence. How to give such is not safe. The crowd with their desires is crazy and selfish. To give to such is tantamount to destroying them. The world is honest. Who creates - he receives. Most want to receive - but do not give anything in return. This is the secret of poverty. Understand the world, understand yourself - life will become meaningful, understandable and easy.
BNC:BLX
by SpartaBTC
21
Bitcoin, Builds Key Cup-Handle-Formation, Important Steps Ahead!Hello Traders Investors And Community, Bitcoin is trading in a range where the possibility for fake breakouts is high and as already detected and mentioned in my previous analysis Bitcoin is also forming this huge ascending-wedge-formation which is normally a bearish formation indicating a reversal in the structure, now besides that Bitcoin is forming an other significant formation which is determining for the next outcome and this formation is also matching with the final wave E within the global ascending-channel-formation I discovered, therefore we are looking at the important levels in the structure and how likely scenarios can look like upcoming next times. When looking at my chart you can watch there Bitcoin currently is in near of the upper strong resistance at 16500 marked in my chart in red, Bitcoin is likely to pullback anew when approaching this level as it is currently happening because there is still strong resistance lying which is likely to reverse the marginal bullish price-action, when this likely scenario shows up and Bitcoin pulls back the bearish pressure will continue till there is proper support found that can reverse the dynamic again, which will be in this case within the final-upthrust-origin-cluster marked in my chart with the blue cluster, in this level there are coming several supports together consisting of the 50 and 61.8% Fibonacci-level, the 100-EMA marked in blue and also the horizontal support lying there determining a highly possible bullish bounce when Bitcoin approaches this area, when this happens it can be the decisive and final validation to complete the whole cup-and-handle-formation as it is marked in my chart, when Bitcoin manages to bounce within the cluster as suggested, in this case it is very important that Bitcoin does not fall below the level again because this can possibly invalidate the whole formation. The upcoming times will show how Bitcoin manages to bounce within the cluster and form the proper cup-handle-validation from there that will finally complete the whole formation, when this happens it is also matching with the final wave E Bitcoin is forming I detected already in previous analysis, this initial bullishness can reach the targets within the upper structure however there are still strong resistance layers lying also matching with the ascending-channel-formation, therefore, a bearish reversal should not be underestimated when Bitcoin approaches these levels, it will be an important development. In this manner, thank you, everybody, for watching, have a good day as well as 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
18
Bitcoin, Here Is Why The Bearish Pace Has Just Not Started Yet!Hello Traders Investors And Community, Welcome to this analysis where we are looking at Bitcoins 4-hour timeframe perspective, the recent events, the current formational structure, what we can expect the next times, how outcomes here can look like and how to possibly approach this situation from a trading-perspective. Bitcoin now since not a smaller time is struggling to keep the bullish trend going on as the volatility is slowing down within the structure and Bitcoin already showed up with serious bearish declines within the range it is building, these signs should not be underestimated as it is not seldom seen that a reversal establishes after such price-action, therefore I detected the significant levels here and what formation Bitcoin, in particular, is building which can be the decisive factor in the upcoming perspectives and destinations Bitcoin will continue with. Ascending-Wedge-Formation And Price-Action Within: As when looking at my chart you can watch there Bitcoin is building this massive ascending-wedge-formation with the coherent wave-count established within where Bitcoin already touched the upper and lower boundary several times and completed the waves A-D till now, currently, Bitcoin has finished the wave D which is finding support within the lower-boundary and also the 30-EMA lying there marked in blue which is a very meaningful EMA in this structure as it will be the determining factor in the possible upcoming confirmations, as Bitcoin now has found support within this level it is setting up to form the final wave E that is likely to complete the whole wave-count and therefore also the formation, this finalizing wave E is anticipated to travel directly into the strong resistance-cluster lying there within the upper-boundary where several resistances coming together and forming this strong resistance where a pullback is inevitable. Upcoming Perspectives And Price-Action-Projections: The next times Bitcoin is likely to finalize the wave-count within the wedge-formation as already mentioned and as this wave-count ending within this serious resistance-cluster, this can be the origin for the final completion of the whole ascending-wedge-formation which will happen when Bitcoin moves below the lower boundary with a decisive bearish move and closes there to continue with the established bearishness below the 30-EMA, when such price-action sets in here Bitcoin is will highly possibly travel into the lower targets marked in my chart within the 14950 level marked in blue where it has to be elevated how Bitcoin continues further from there and if there can come a possible reversal or further bearish continuation, in any case, we should not keep the bearish perspective out of sight here and be prepared for possible reversals as suggested as they can happen sooner as envisioned like the past has shown already oftentimes. In this manner, thank you, everybody, for watching, have a good day as well as 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 market.
BYBIT:BTCUSD.P
by VincePrince
10
Bitcoin, Mingling In Range, Bear Protraction When This Happens!Hello Traders Investors And Community, Welcome to this analysis where we are looking at Bitcoins 1-hour timeframe perspective, the recent events, the current formational structure, what we can expect the upcoming times and how to possibly handle the situation appropriately. Bitcoin since it has shown up with the strong bearish pullbacks established after it touched the 16450 area is now showing up some very important signs in the structure I detected here, these signs I discovered will determine the outcomes in a profound way, therefore we are looking at the significant levels, zones and likely outcomes to consider at the moment and with the upcoming destinations. When looking at my chart you can watch there Bitcoin bounced already once within the 55-EMA marked in black before it bounced marginally to finally move below this ascending-trend-line in grey where it now confirmed the 55-EMA a second times as support, the upcoming times we can expect Bitcoin to increase more from here as Bitcoin is also trading within this ascending-channel-formation and has found the support in the 55-EMA and the lower boundary, besides that Bitcoin has formed this coherent wave-count with the waves A and B already established and now setting up to form this final wave C however this wave and ending of it will run directly into the strong resistance-cluster lying there above marked in my chart with the red zone, when Bitcoin pulls back here successively this can be just the origin for the channel-formation to confirm as a bear-flag and point to lower levels in the structure which will happen when Bitcoin moves below the lower-boundary of the channel as it is seen in my chart, after that Bitcoin will move on with a protracted bullish move till there is support found that can reverse this dynamic again which is possible within the 18520 support as it is marked in blue, after this it has to be elevated if Bitcoin falls more from this point or manages a reversal in the structure. Taking all these factors into consideration we should not underestimate the bearish perspective here and do not overspeculate the market into one direction as this is happening to often in such market structures, there are still strong resistance layers lying and it is more likely for Bitcoin to firstly show a bearish pullback before a stabilization can take place which has the ability to move above these resistance layers and form further bullishness, the upcoming times will show how Bitcoin further here in the structure and how it will pullback within the resistance that leads to the events as suggested, it will be an interesting development. In this manner, thank you, everybody, for watching, have a good day as well as good trading, all the best! “There are many roads to prosperity, but one must be taken.” Information provided is only educational and should not be used to take action in the market.
COINBASE:BTCUSD
by VincePrince
10
Bitcoin, Approchements As Expected, These Are Important Zones!Hello Traders Investors And Community, Bitcoin has formed the breakout above the dynamic-trend-line as expected and also managed to complete the bullish formation as a bull-flag on the 1-hour timeframe, if you did not seen this analysis where I prospected the upcoming movements I highly recommend you watch it to have a full-depth-overview. Now as these meaningful steps have shown up Bitcoin has shown up with new signs in the structure I detected confirming the previous expectations but also adding on them, therefore I detected all the important levels and likely outcomes we should consider with Bitcoins current structure and upcoming destinations. When looking at my chart you can watch there Bitcoin now forming a new very significant formation here as it manages to move above the middle line of the channel and stay there Bitcoin is now forming this ascending-wedge-formation within the structure where the waves A-C already formed and touched the boundaries of the formation, currently Bitcoin is testing the middle-line of the channel and also the lower boundary of the wedge which can be a proper origin of the final wave E which will complete the whole formation and directly leads into the strong resistance-cluster lying above there marked in red where Bitcoin is likely to produce a pullback as this is also matching with the wave-count finalization, when Bitcoin now forms a pullback within this strong resistance-cluster the formation will finally complete when Bitcoin crosses below the lower boundary, closes there and moves on with bearish price-action, such price-action will activate lower targets till Bitcoin has found support which will be in this case between the 30-EMA in blue and 60-EMA in orange where Bitcoin already had support, when Bitcoin approaches this level it has to be elevated how a possible stabilization or nor can establish there. The price-action Bitcoin has formed recently provided some good confirmations nevertheless Bitcoin has still some strong resistance layers lying there this is why we should not underestimate the bearish scenario here as the market is also slightly overbought and the trend begins to slow more down which is often seen before a reversal establishes, in this case we should be prepared for possible changes in direction here to take the proper precautions when these finally establish, when Bitcoin firstly confirms the resistance bearishly it does not mean Bitcoin has no bullish potential on the long run, this is what needs to be developed then. In this manner, thank you, everybody, for watching, have a good day as well as 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 market.
COINBASE:BTCUSD
by VincePrince
10
Bitcoin, Above Boundary, These Steps Can Lead To A New A-T-H!Hello Traders Investors And Community, Bitcoin has formed some very important price-actions these last times as a corona vaccine was found and central banks still pumping money into the market it managed a strong bullish breakout above the upper-boundary of its ascending-channel-formation, this established bullish pace can lead to a new all-time-high when Bitcoin just shows up with the proper price-action where I detected some meaningful key-factors playing into this scenario, therefore we should consider the current situation and what are possible outcomes Bitcoin shows up the next times. When looking at my chart you can watch there this massive triangular-formation forming by the upper-boundary of the local-ascending-channel-formation and the global-ascending-channel-formation where a sideways movement between those two levels can establish over the next times in which Bitcoin has the ability to gain strength and finally form a breakout above the upper boundary of the ascending-channel-formation which than can lead to a new all-time-high either right away in 2020 or within Q1 or Q2 of 2021, currently there are good potentials given that this new all-time-high established sooner or later. In this case it is highly important that Bitcoin manages to hold the upper-boundary of the ascending-channel which is matching with the 15-EMA in blue lying there because when Bitcoin does not hold these levels sustainably and falls below them this will cause a bearish continuation and visit of lower levels with a high possibility. The upcoming times as Bitcoin approaches the upper-boundary-resistance we can firstly expect a pullback here which will then prove the potency of the whole triangular-formation that can show up with really solid potentials when it is confirmed, on the more local timeframe we should not underestimate the bearish side as there are still strong resistance layers lying where Bitcoin firstly is likely to reverse and form the movements as they are seen in my chart, above this, we should consider how Bitcoin continues to form the formation, it will be an interesting journey. In this manner, thank you, everybody, for watching, have a good day as well as good trading, all the best! “There are many roads to prosperity but one must be taken.” Information provided is only educational and should not be used to take action in the market.
COINBASE:BTCUSD
by VincePrince
12
Bitcoin, Established The Breakout, Here Are Next Steps Ahead!Hello Traders Investors And Community, Bitcoin recently made an important move above the resistance within the structure I mentioned already in previous analysis, now as Bitcoin is above this significant level the conditions have altered and Bitcoin can show up with some solid potentials further in the structure when it moves on with the proper price-action nevertheless there are still some meaningful resistance layers lying also coming into on the higher timeframes which should not be underestimated, therefore I detected the important levels and outcomes we should consider with Bitcoin upcoming times. When looking at my chart you can watch there Bitcoin now moved above the dynamic-trend-line which was previously resistance is now support, besides that Bitcoin established this huge ascending-channel-formation marked in my chart in blue where it recently tested the middle-line of the channel and formed a pullback from there to test the dynamic-trend-line again, as Bitcoin already has shown up with this price-action we can expect it to go on till the formation as a bull-flag above the line as finally completed, this can happen as it is marked in my chart with a final bounce from the continuation-origin-cluster, when Bitcoin bounces here sustainably with a solid bullish move we can expect it to move forward till it tests upper-levels in the structure which will also complete the wave-count Bitcoin is forming here, this wave-count will end when Bitcoin reaches the upper-boundary within the possible short-entry-zone marked in my chart in red, when Bitcoin pulls back from there and moves on with bearish price-action it will be crucial when Bitcoin finally moves below the lower boundary of the formation as this will implicit continued bearish price-action. Currently, Bitcoin has some very good potentials to show up with continued bullish volatility and form the major wave 5 that will lead to further conclusions then nevertheless we should not underestimate the resistance layers lying above which will play an important factor in the upcoming developments and it is more likely that Bitcoin firstly shows a pullback there like suggested as directly completely moving above these levels which does not mean Bitcoin will move above them in the future, it will be definitely an interesting journey. In this manner, thank you, everybody, for watching, have a good day as well as 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 market.
COINBASE:BTCUSD
by VincePrince
21
Ethereum, Breakout Outside The Wedge, Possible Perspectives Now!Hello Traders Investors And Community, as already mentioned Ethereum established this major massive broadening-wedge-formation with the coherent wave-count within the formation where it managed the move above the upper-boundary recently faster than expected. Now as this has occurred there are some important price-actions Ethereum can show up with to fully confirm the broadening-wedge-formation and also the formation forming above it playing into the confirmational scenario, therefore I detected all the important levels and likely outcomes we should consider at the moment and upcoming times. When looking at my chart you can watch there Ethereum has now formed the triangle-formation marked in orange with the red lines above the upper-boundary of the massive broadening-wedge, what is also important to note here is that Ethereum trades above the 15-EMA in red where it is building coherent support together with the boundary. The triangle-formation Ethereum forms now is a good confirmational formation that can show further movements when it confirmed properly which will happen when Ethereum moves above the upper-boundary of the triangle with a decisive volatile move as it is marked in my chart, when this happens rightly Ethereum has the potential to move on further which will come to the crucial test of the upper resistance marked in red where the growth zone is lying above, when Ethereum manages to confirm above this level and close there this will indicate further bullish continuations above as Ethereum is now fully within the growth zone marked in green with solid continuation possibilites. The next times Ethereum has to show how it manages to confirm the formation and show further conclusions, when these show up as suggested and with the right pace there are some very prospects lying which Ethereum can show up with and also activate upper broadening-wedge-targets. To consider the whole bullish movements it is extremely important that Ethereum holds the support and does not close below the upper-boundary again because this can possibly invalidate upcoming bullishness, for now, it is important to elevate the confirmations. In this manner, thank you, everybody, for watching, have a good day as well as good trading, all the best! “Miracles tend to happen outside the usual experiences.” Information provided is only educational and should not be used to take action in the market.
BYBIT:ETHUSD.P
by VincePrince
6
Bitcoin Is Testing Historical Level, Important Scenarios!Hello Traders Investors And Community, Bitcoin is trading in its massive ascending-channel-formation where it is moving within historical levels never seen since June 2019, in fact, Bitcoin has spent only a few days within the price-ranges it is currently trading in however there are still some important resistance layers lying where Bitcoin is firstly more likely to show up with bearish pullbacks than a direction move above them which needs to be considered for a complete bullish environment ahead, therefore I detected all the levels and outcomes we should consider in the current and upcoming price-action. When looking at my chart you can watch Bitcoin approaching the upper-boundary of its massive ascending-channel-formation now marked in blue, Bitcoin not only ends with the wave-count within this level but also approaches the accelerated-supply-zone where supply is still available from past price-actions besides that Bitcoin has the Fibonacci-resistance lying there. Taking all these factors into consideration Bitcoin is likely to firstly forming a bearish pullback from here and visit lower levels before it is possible to gain strength again. On the lower timeframes, Bitcoin is forming a triangle formation which when confirmed will directly run into the Fibonacci-resistance and the upper-boundary which will be crucial, when Bitcoin pulls back and moves below the 14800 level again there is a high possibility given that the first initial short-target will be pointed where stabilization can be considered, when this does not happen and Bitcoin falls more from here it will continue till the extended-short-target that is the last reference-point highly important to hold because when Bitcoin moves below that level there will come a bearish continuation till the lower boundary. For now, it is important to not over speculate the market and see the resistance above, this means to not keep the bearish perspective out of sight, Bitcoin has established some solid price-actions however the resistance still exists therefore we need to see how Bitcoin reacts into this resistance and forms the pullback from there to possibly consider a move above the resistance after that, especially when looking fundamentally on a corona increase this can speed up the bearish pace ahead of the next times, in this case, we should be prepared on possible trend changes. In this manner, thank you, everybody, for watching, have a good day as well as 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 market.
COINBASE:BTCUSD
by VincePrince
6
Bitcoin, Building Massive Triangle, These Are Important Level!Hello Traders Investors And Community, Bitcoin for a longer time now is trading within this protracted range on the 1-hour timeframe perspective, what is often seen after such movements is a volatile breakout either to the up or downside, in this case, the upside breakout can be much more expected as there are signs which speaking to it, therefore I detected all the important levels and likely destinations we should consider with Bitcoins established structure and upcoming destinies. When looking at my chart you can watch there this massive triangle Bitcoin is forming here marked in blue where it already completed the coherent waves A-C within the triangle where the wave A and wave C bounced within the 120-EMA which is a really important reference-point in this structure also matching with the lower boundary of the triangle. The next times we can expect Bitcoin to complete the wave-count where the wave D currently developing will move into the upper resistance-cluster which can be the origin for the final wave E which is the decisive wave, when this price-action can bounce within the back-up-cluster marked in blue with a strong volatile bullish move this can be the proper origin for the final breakout above the upper boundary as it is marked in my chart. In this case it is really important that Bitcoin does not fall into the bullish-invalidation-zone because this will invalidate the bullish scenario and show up with bearish pressure further ahead of where lower levels can be expected. For now Bitcoin has to show how it manages to finalize the whole structure till the breakout can successfully emerge, when Bitcoin manages to show up with the breakout it will activate the bullish setup seen in my chart and also higher levels, after that it has to be elevated how Bitcoin moves on further from there and if there comes a reversal or Bitcoin manages to continue further according to TA, it will be definitely an interesting journey. In this manner, thank you, everybody, for watching, have a good day as well as good trading, all the best! “There are many roads to prosperity, but one must be taken.” Information provided is only educational and should not be used to take action in the market.
COINBASE:BTCUSD
by VincePrince
5
Bitcoin, Since Bearish Declines Set In Major Tests Remain!Hello Traders Investors And Community, Welcome to this analysis where we are looking at Bitcoins 4-hour timeframe perspectives, the recent events occurred, the current formational structure, what we can expect the upcoming times and how to possibly handle the situation. The bearish declines Bitcoin has shown up with were not surprising in the light of the strong overbought regions Bitcoin was trading in and the remaining resistance levels Bitcoin approached also on the higher timeframes as I mentioned in the previous analysis, now as this heavy bearishness has shown up there are preliminary contemplation meaningful to anticipate now, it is not seldom seen that after such bearish decline further follow as it was already seen not only in Bitcoins past but also on other global markets, therefore I detected all the meaningful levels and likely destinations we should consider with Bitcoin in the actual situation and upcoming destinies. Looking at my chart you can watch there Bitcoin bounced within the 40-EMA in green which is also matching with the ascending-trend-line marked in dashed grey, these levels are the origin for a more protracted upside which will lead into the strong resistance-cluster lying above marked in my chart in red and consisting of the Fibonacci-resistance in red, the volume-profile-resistance and the horizontal-resistance lying there all coming together and forming this strong resistance-layer where Bitcoin will unlikely move directly above, therefore a pullback after approaching this structure has a great likelihood and will show up when Bitcoin pulls back within the cluster to test the remaining supports again, when Bitcoin does not hold the ascending-trend-line in dashed grey and also the 40-EMA in green it will continue bearishly to the downside as there is not much support below, the first meaningful support will come within the blue ascending-trend-line which is highly important to hold, this trendline is also matching with the point-of-control from the volume-profile where Bitcoin has support and needs to bounce to the upside otherwise protracted bearish pressure ending in a pull-back-extension will show up when moving below this level. The recent events have one more time shown that the volatility and swift changes in direction within the cryptocurrency market should not be underestimated in any case, as it was often seen already in the past such changes in direction and volatility can show up faster as expected and as sophisticated traders it is essential to be prepared for such swift changes in direction which we realized within the elite channel taking advantage of the bearish declines on the short-side, in such situations it is imperative to not get overwhelmed by circumstances and not overspeculate the market in one direction only as this is happening to often these times, rather it is compulsory to assess the market in the right manner to take the proper actions at the end of the day, in this case, we need to not keep the bearish perspective out of sight within Bitcoins current developments. In this manner, thank you, everybody, for watching, have a good day as well as 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 market.
BYBIT:BTCUSD.P
by VincePrince
3
Bitcoin, Building Decisive H-S-Formation, Possible Outcomes!Hello Traders Investors And Community, Welcome to this analysis where we are looking at Bitcoins 1-hour timeframe perspective, the recent events, the current formational structure, what destinations we can expect the upcoming times and how to possibly handle these outcomes in an appropriate manner. Since Bitcoin has shown up with greatly exponential bullish volatility to the upside it is now somewhat consolidating in the range between 15240-15960 where it already formed a descending-channel-formation and the coherent wave-count within this channel, besides that Bitcoin is now forming another major formation which will be the decisive telling part for the further outcomes and destinies in Bitcoins journey, therefore I detected the important levels and considerable scenarios we should elevate in the current situation and structure Bitcoin is forming. Looking at my chart you can watch there Bitcoin now testing the 20-EMA in green which is matching with the upper-boundary of the previously established descending-channel-formation and also with the neckline of the major head-and-shoulder-formation marked in my chart in blue. Currently, there are two possible scenarios of how the whole formation can confirm the further pace, the first one is the bullish case which will confirm when Bitcoin moves above the upper head-shoulder-resistance and closes there to set up on the line before a continuation to the upside can follow, the second one is the bearish scenario where Bitcoin closes below the neckline and increases with bearishness till the bearish pressure continuation to the downside will follow up. Taking all these important factors into consideration and the facts lying ground a bullish breakout has a greater possibility by 65% to show up compared to the bearish side with the lesser possibility of 35%, for now it is highly important to wait on the proper confirmation before moving into the final direction, when this case happens a trade can be entered, although it is also possible to enter the market directly on the immediate basis the smartest is to wait on the confirmation as it will point to the best setup, when Bitcoin has shown up with the more likely bullish breakout the targets will be around 16300 from there on it has to be elevated if Bitcoin forms a reversal or manages further up moves nevertheless that Bitcoin has formed a head-and-shoulder-formation here it is still overbought and there are strong resistance layers above this is why a bearish reversal also after the head-and-shoulder targets reached should not be underestimated. In this manner, thank you, everybody, for watching, have a good day as well as good trading, all the best! “Trading effectively is about assessing possibilities, not certainties.” Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
5
Since Bullish Exaggeration Bitcoin Approaches Decisive Targets!Hello Traders Investors And Community, Welcome to this update-analysis where we are looking at Bitcoins Weekly Timeframe Perspective, the events since the head-and-shoulder confirmed, the current formational structure, what are crucial outcomes to consider at the moment, and how to possibly handle the situation appropriately. As Bitcoin confirmed the massive head-and-shoulder-formation as expected bullishly to the upside Bitcoin managed the way and shown up with great bullish volatility to the upside which was an initial solid step into acquiring bullish pace also on the more middle-to-long-term-perspective nevertheless there are however still important resistance levels which we should not underestimate here and as Bitcoin approaches the target-zones this can lead to a crucial pullback in the structure, therefore I detected all the important levels and likely outcomes necessary to consider at the moment. Target-Zone And Technicals: Bitcoin has formed the breakout of the head-and-shoulder-formation and showed up with increased bullish volatility, the target-zone of the head-and-shoulder-formation is the zone between 15700-15800 marked in my chart with the red box, it is not seldom seen that after such targets are reached supply enters the market and it can be an origin of pullbacks leading to the downside. Besides that the wave-counts Bitcoin has formed here are ending within this level this is playing also into a pull-back-scenario. Above that level is also the upper-boundary-resistance of the ascending-channel-formation where Bitcoin will have a hard time going above it, this is why Bitcoin can move a little bit above the resistance-zone to form the pullback with the origin within the upper-boundary then. Taking all these factors into consideration a pullback is highly possible and should not be underestimated here. Upcoming Perspectives: As mentioned Bitcoin is likely to form a pullback from the strong resistance layer it has formed, this pullback will continue till there is sustainable support found that can reverse the whole dynamic again, in this case it will be the back-up-cluster marked in blue in my chart where several supports coming together consisting of the bullish head-and-shoulder-confirmation-line marked in grey, the neckline of the prior formed head-and-shoulder-formation marked in blue and the 20-EMA also in blue, when Bitcoin approaches this level it is likely to back-up from there and show up with a bullish continuation, in this case, it is from high importance that Bitcoin does not close below this level because this can possibly invalidate a bullish stabilization, after that a huge milestone will be the upper-boundary of the massive ascending-channel-formation which Bitcoin needs to take out substantially considering further bullishness ahead. In this manner, thank you, everybody, for watching, have a good day as well as good trading, all the best! “There are many roads to prosperity but one must be taken.” Information provided is only educational and should not be used to take action in the market.
COINBASE:BTCUSD
by VincePrince
7
BTC/USD Work in a small trend. Past Ideas + 16% + 8% + 18%BTC/USD on the chart, I showed a local work in a small trend. An ascending channel has already formed. At the moment, the price is in the reversal zone, and what price movement will develop in a small trend depends on it. If by your knowledge and experience in trading you do not understand what I have shown on the chart, please refrain from stupid comments and engage in self-education. For those who came to the market for quick money without knowledge and naturally without experience, but I am sure that they know absolutely everything from "the very birth", I think it is better to leave trading altogether, as well as any work related to mental activity. Because your ending is sad and predetermined from the start. Your vocation in life is to go to the ordinary job of the average person from 8:00 to 17:00 with a lunch break from 13:00 to 14:00, where you don't have to think, because everything was thought out for you in advance until the end of your existence. Previous trading ideas of this local work in a small trend for this BTC / USD trading pair. BTC/USD Triangle. Non-random numbers. 1318 The triangle is broken down. Short work + 16% BTC/USD local work. U-turn zone. Mindfulness. Today 222 The price is cornered. Soon the outcome of the situation. + 8.88% from the reversal zone in the local ascending channel, as shown. It enters the second important price reversal zone. BTC/USD Reversal zone. 18 111122 +18% from safe entry above the reversal zone. From the turning zone +21% Any theory without practice is zero! Only your knowledge, modernized for the reality of the market, in practice can give a significant result in your work. Trade with pleasure.
BITSTAMP:BTCUSD
by SpartaBTC
14
How BITCOIN Can Reach A New All-Time-High By 2021!Hello Traders Investors And Community, Welcome to this analysis where we are looking at Bitcoins 4-hour 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 recently has shown up with historical high volatility and moving above a significant level never reached since back in June 2019, this was a major move for Bitcoin to acquire a strong bullish pace in the range and lie ground for the continued bullish price-action, also it is matching with the halving-cycle which is now about to emerge, when Bitcoin holds the pace and manages to establish further bullishness ahead this can possibly lead to a new all-time-high just in 2021, till then Bitcoin has to show some very important price-actions ahead that the all-time-high manages to show up by 2021. As you can watch in my chart Bitcoin just made a strong bullish move above the established June 2019 high-condition, this was the decisive price-action here because it confirmed the further bullishness, now the next times we can expect Bitcoin to confirm this level and when this happens successfully the next up moves are not far away which will happen when Bitcoin increases with bullishness from this level, when Bitcoin then manages to move above the upper boundary of the ascending-channel-formation there comes the significant price-action into play as it will decide if Bitcoin manages to form the all-time-high by 2021. When Bitcoin consolidates and gains strength above the upper-boundary this can be the strong setup to finally breakout above the all-time-high condition and form the new one within the territory. When Bitcoin manages to form the all-time-high by 2021 it will be a huge paradigm-shift as this can just lie ground for further bullishness ahead, in this case, it is really important that Bitcoin holds above this level sustainably and do not falls below it because this can possibly invalidate a protracted bullishness. For now we need to watch how Bitcoin holds above the june 2019 high-condition and confirms it properly to not fall below this level again, compared to other major cryptocurrencies like Ethereum or XRPUSD Bitcoin is one of the strongest ones as it is more nearer to the established all-time-highs while other cryptocurrencies are still mingling within bottom-formations and have a long way to go, this fact can also play into a possible bullish bitcoin-season to establish when the strength increases further. In this manner, thank you, everybody, for watching, have a good day as well as good trading, all the best! “There are many roads to prosperity, but one must be taken.” Information provided is only educational and should not be used to take action in the market.
COINBASE:BTCUSD
by VincePrince
9
Bitcoin, Approving The Breakout, Here Is What To Consider!Hello Traders Investors And Community, Welcome to this analysis where we are looking at Bitcoins 4-Hour timeframe perspective, the recent events, the current formational structure, what we can expect the upcoming times and how to possibly handle the situation in an appropriate manner. Bitcoin since a longer time now trades within this preliminary important ascending-channel-formation which will show a breakout to the up or downside sooner or later and in this case, as the price action within the formation has developed a breakout to the upside is more likely to be expected at the moment, however, there are some necessary and important price-actions Bitcoin has to show up with to consider this breakout fully emerging and pointing to a continuation, therefore, I detected all the important levels and likely outcomes we should consider at the moment with Bitcoin and its upcoming destinations. When looking at my chart you can watch there that Bitcoin has built this triangular-formation where it managed to breakout above the boundary and move on to test the upper boundary of the major ascending-channel-formation, now as it is more likely for Bitcoin now to form a pullback from here to the breakout level this can happen as it is marked in my chart, in this case, Bitcoin has the support-cluster marked in blue where several supports coming together consisting of the descending-trend-line in blue, the 20-EMA in red and also horizontal support lying there all together forming this coherent support-cluster where a bounce to the upside is likely, here it is from high importance that Bitcoin really manages to bounce from this level and does not fall below it again because this can possibly invalidate the bullishness. Bitcoin is in a situation where it has to show how strong it manages to bounce from the support-cluster, when this bounce is strong enough and Bitcoin shows up with the proper bullishness from there this can be the origin for a final breakout above the upper boundary, when Bitcoin manages to move above the upper-boundary with a decisive volatile bullish move it has a high possibility to continue bullish to the upside as bitcoin then taken out several important resistances and also completed the formation. On the higher timeframes, it will be interesting how long this bullishness holds on and how it will react into the remaining resistance levels above, when Bitcoin manages a breakout above the channel it has a good bullish pace however the bearish pullback scenario on the more middle-to-long-term should either not be fullý kept by side here. In this manner, thank you, everybody, for watching, have a good day as well as good trading, all the best! “Trading effectively is about assessing possibilities, not certainties.” Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
6
Scenarios To Watch Since Bitcoin Tests 1.5 Year Old Key-Level!Hello Traders Investors And Community, Welcome to this analysis where we are looking at Bitcoin's 4-day timeframe perspective, the recent events, the current formational structure, what we can expect the next times, how possible scenarios can look like and how to possibly handle these scenarios appropriately. Bitcoin has managed to break out of the important consolidation above the meaningful 10.000 USD psychological mark and into a bullish impulse to the upside where it is now testing a historical level which was the last time seen back in june 2019, I already made an analysis focusing on this on the weekly timeframe, if you did not see this already I highly recommend you to watch it to have a full-depth-overview, this analysis building a coherent follow-up looking on a nearer timeframe perspective, therefore I detected all the important levels and scenarios to consider in Bitcoins established structure. Looking at my chart you can watch there Bitcoin now testing several crucial levels within the structure, firstly it is the upper-boundary of its local steep ascending-channel and besides that it is also the key-level from the established high back in june 2019, furthermore, Bitcoin is ending its A-E wave-count to the upside here. Taking all these factors into consideration a pullback to the downside is highly likely as it is not seldom seen that price-action reverses after forming a fake breakout above such a key-level as it is in this case. When such price-action shows up basically there are two serious scenarios to consider here, the first one is when Bitcoin manages to bounce within the lower boundary after the pullback into it and the second one will show up when Bitcoin increases bearishness further to close below the boundary and continue with a pull-back-extension into the lower levels in the structure. Currently, it is really important to do not overspeculate the market and to do not keep the bearish side of things fully by side here as Bitcoin still has serious resistance layers above and is more likely to show a pullback before a continuation and breakout above these layers can show up, on the long-term it is important for Bitcoin to hold above the descending-trend-line marked in red in my chart sustainable and do not fall below it because this will alter the dynamic and increase bearish pressure to the downside. What can also speed the bearish dynamic up is a fast increase in the corona and possible measurements resulting from it as such measurements against corona can lead to similar bearish volatility to the downside like we have seen it already back in March this year, for now, we need to be prepared for the testing of the lower boundary and then elevate what happens after it. In this manner, thank you, everybody, for watching, have a good day as well as 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 market.
GEMINI:BTCUSD
by VincePrince
8
Bitcoin, Testing Above 2019 High, Important Considerations!Hello Traders Investors And Community, Welcome to this analysis where we are looking at Bitcoins weekly timeframe perspective, Bitcoin recently tested above the major established high-condition the last time seen in June 2019 at the high of 13870, this was a crucial move above this level and Bitcoin is now in a range it did not trade since back in 2017, besides that the fact that Bitcoin firstly showed a pullback before moving above this level needs to be assessed rightly as such pullbacks when crossing above important levels can lead to increased bearish pace, therefore, leading into a fak breakout, now this does not mean Bitcoin is completely bearish higher, moreover it means that it firstly needs to visit the accumulation levels before moving higher again, taking these factors into place I detected all the important levels and likely outcomes we should consider with Bitcoin at the moment and the upcoming movements. Looking at my chart you can watch there Bitcoin just moved slightly above the June 2019 high-condition before pulling back there and closing below at the weekly timeframe, this initial close below the level and pullback is likely to produce more bearishness firstly visiting lower levels in the structure which Bitcoin has some solid supports holding on as it is marked in my chart with the descending-trend-line marked in grey where Bitcoin can bounce and provide the origin for the final wave 5 to the upside which will then lead into the upper resistance layers as it is marked in my chart with the red zone, when Bitcoin approaches this level as there are many resistances lying a pullback to lower levels is firstly more possible as Bitcoin will unlikely go directly through this level and move on further, this is why the zone can also be potential for the proper short-entry. When Bitcoin completes the whole wave-count within the upper-resistance-layer a pullback from there should not be underestimated as there is still strong supply lying at the resistances as mentioned, this pullback will move on till there is the proper support found which can reverse the whole dynamic and back-up with Bitcoin, this will firstly be within the initial short-target-zone marked in my chart with the blue box, when Bitcoin manages to stabilize there it will have some good potentials further, when this stabilization is not strong enough and bullish weakness increases further Bitcoin will move on to the extended-short-target which will be then extremely important to hold considering any bullish stabilization and continuation because Bitcoin will increase bearish pressure exaggerated below it, for now we need to elevate how the wave-counts end and what happens after this, overall we should not underestimate the bearish side in any case here to be prepared when the market reverses volatility as this is not a seldom-seen phenomenon within the cryptocurrency space. In this manner, thank you, everybody, for watching, have a good day as well as 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 market.
COINBASE:BTCUSD
by VincePrince
21