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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
Bitcoin, Fake Breakouts, Crucial Zone Of Indicated Return!Hello Traders Investors And Community, Welcome to this analysis where we are looking at Bitcoins 6-hour timeframe perspective, Bitcoin has reached a level where it is producing one fake breakout after another always pulling back into the previously established range again, such movements are normally seen after a bigger reversal to the downside can finally emerge. Currently, Bitcoin already produced some smaller of such fake breakouts and two bigger ones forming the ascending-resistance-line, the upcoming times a third fake breakout can be the crucial source of a bigger pullback and exaggerated bearishness as the trend struggles with the establishment to the upside, this is why we should not underestimate the bearish side of things here and be prepared of the next fake breakout to emerge to do not get overwhelmed by the bearish volatility when this is finally setting into the structure. When looking at my chart you can watch there Bitcoin trading within this huge ascending-channel-formation with the upper and lower boundary already touched several times, the next times when Bitcoin moves into the lower boundary it is likely to produce an up move from there. Besides this channel Bitcoin is also forming this preliminary significant ascending-resistance-line marked in black which produced the two last major fake breakouts, furthermore, the indication is given by the last two major fake breakouts that Bitcoin moves into the 1.2% extension of the previous wave to the upside where it reverses and finally comes up with the fake breakout that is pulling back into the range again, a highly similar structure can be also seen in the environment now when Bitcoin moves higher it will directly lead into these important layers lying there. The upcoming times will show how the third major fake breakout can emerge similar to the past two ones, when this third major fake breakout shows up with a strong reverse in the structure it is also more likely to produce a bigger pullback which will fully show up when Bitcoin moves finally below the lower boundary of the ascending-channel-formation, such price-action will indicate bearish pressure to continue minimum to reach the 100-EMA marked in green in my chart. For now it is important to watch out how Bitcoin approaches higher and how this move into the suggested zone will look like, either way we should not underestimate this third major fake breakout possible to show up when Bitcoin approaches the resistance again. 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
17
Bitcoin, Bearish Pace Can Follow When This Formation Completes!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. Since Bitcoin struggling to move above the 13900 sustainably and it already showed one heavy bearish decline to the downside the important question is either bitcoin will set up to show more bearishness further or a direct reversal is somewhat possible, currently, the more likely scenario is a bearish follow-up which should not be underestimated in this case as the market often shows more declines after an initial impulse to the downside, therefore I detected all the important levels and outcomes we should consider in Bitcoins established structure. When looking at my chart you can watch there Bitcoin now forming this preliminary important rising-triangle-formation marked in blue where it already built this coherent wave-count fully completing waves A-C and now forming the wave D which will run into the lower boundary that can be origin of the final wave E to the upside which will complete the whole rising-triangle-formation, this final wave E will run directly into the strong upper-resistance-cluster marked in my chart in red where several resistance-levels coming together consisting of the upper boundary resistance, the horizontal resistance lying there and the fact that the wave-count will end when reaching this level, all these factors playing into the bearish confirmation to the downside after touching this level. With Bitcoin finally confirming below the lower boundary as it is marked in my chart it will complete the final bearish confirmational setup and will first point to the important support to behold as it is marked in my chart within the 13000-13020 level, this support will be extremely crucial to hold for Bitcoin and stabilize considering any bullish continuations when Bitcoin does not bounce properly in this level and does not manage to hold the support sustainably this will lead into a protracted continuation of the bearish pull-backs already established when Bitcoin moves below this level minimum targets of 12500 will be activated from where it needs to be elevated how Bitcoin proceeds from this standpoint further and if there can come a reversal or more heavy bearishness will lead into exaggerated declines, for now it is important how the ascending-triangle-formation confirms and with what pace it shows the ongoing developments. 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
7
Bitcoin, Trading In Channel, These Determinations To Consider!Hello Traders Investors And Community, Welcome to this analysis where we are looking at Bitcoin's 2-days timeframe perspective, the recent events, the current formational structure, what we can expect the next times and how to possibly handle the situation appropriately. Since Bitcoin managed to breakout above the previously established strong descending-trend-line it now formed a coherent channel where it is running into the remaining resistance layers, at the moment we should not underestimate the bearish perspective as there is still a pullback remaining to confirm the formations Bitcoin has formed, therefore I detected the important levels and likely outcomes we should consider at the moment. When looking at my chart you can watch there that Bitcoin has still the strong resistance-cluster above marked in red where not only horizontal resistance is lying but also the upper-boundary-resistance of the channel and the wave-count is ending, this is why Bitcoin will have a hard time going above this cluster and it is more likely that Bitcoin firstly shows up with a smaller or bigger pullback from here, this pullback will firstly lead into the lower boundary of the channel as it is marked in my chart from this point Bitcoin can set up and test the upper resistance layers again, when it fails again within this level the next substantial supports in the structure will be pointed. Taking the upcoming price-action into consideration Bitcoin will continue with bearish pressure to the downside when it crosses below the lower boundary of the ascending-channel-formation, when this price-action shows up the bearishness will continue till the back-up-cluster marked in blue within my chart is reached, within this cluster several supports coming together consisting of the previously established S/R-Line marked in black, the 60-EMA marked in red and very important here the 38.2% and 50% Fibonacci-levels, this zone can be the origin of the next waves to the upside, it is however absolutely necessary that Bitcoin bounces in this area and does not fall below it because this will increase bearish pressure further in the structure. 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.
BITSTAMP:BTCUSD
by VincePrince
7
Bitcoin, Upcoming Destinations In The Established Structure!Hello Traders Investors And Community, Welcome to this analysis where we are looking at Bitcoins 12-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. Recently Bitcoin has shown increased bearish volatility to the downside where it temporarily found support in the structure in which it is now setting up to test the remaining resistance levels which should not be underestimated here, it is not seldom seen that a new leg follows after such heavy bearish volatility to the downside which does not mean Bitcoin is completely bearish when it shows up however the bearish scenarios should not be kept by side as Bitcoin already established the strong volatility to the downside, therefore I detected all the important levels and possible outcomes we should consider at the moment. Looking at my chart you can watch there Bitcoin now approaching the strong resistance layer between the 13500 and 13650 level where not only horizontal resistance is lying but also the head and shoulder ending on the smaller timeframes, besides that Bitcoin is still overbought which is playing into a considerable pull-back-scenario. Besides that you can watch in my chart the three trendlines marked in blue where each trendline is marking the proper next support level to hold, currently, it will be the first trendline, when this trendline is broken to the downside we can expect Bitcoin to visit the second trendline where stabilization is possible before a continuation to the upside can finally emerge, when this trendline also do not holds the next one will be pointed which is the third major blue trendline where Bitcoin has the possibility to back-up. The next times will show how Bitcoin reacts into the first trendline and then moves on to test the next levels in the structure, when Bitcoin finally moves into a pull-back-extension as it is marked in my chart the third trendline will be highly important to hold because bearish pressure will increase again below it, however, the possibilities are good that this third trendline can hold properly and Bitcoin manages to form a reversal from there. For now we should not underestimate possible upcoming bearishness as this will also play into the situation within the stock market as there is the divergence between real economy and market still existing, therefore we should be prepared for possible changes in direction and volatility to the other side which is, in this case, the bearish direction, nevertheless, it will be an interesting journey how Bitocin reacts into the trendlines as suggested. 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
5
Bitcoin, Building Huge H-S-Formation Which Will Show Conclusion!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 next times and how to possibly handle the situation in the right manner. Recently bitcoin has shown heavy bearish declines to the downside almost exaggerating and moving into the previous support zone where it now touching the EMA structure and somewhat manages to stabilize, a big question now is if Bitcoin just setting up to follow up with further declines or Bitcoin manages to stabilize in the structure and forms a bullish stabilization and continuation. Overall the bearish perspective should definitely not be kept by side here as the bearishness coming in was just to strong to just underestimate nor should we overspeculate a rally which is leading into the resistance layers above. When looking at my chart you can watch there Bitcoin now bounced at the lower boundary of this huge possible head-and-shoulder-formation where it also confirmed the 180-EMA marked in red as support, besides that it is testing the 100-EMA marked in green which was previously supported, these two reference points are important here and when Bitcoin manages to move above the 100-EMA decisively and close there the right shoulder will be formed which will lead directly into the dynamic-resistance-cluster marked in my chart in red where not only the middle-line-resistance is lying but also horizontal-resistance by past price-action which will be the origin of the right shoulder forming within a high likelihood spectrum. The upcoming times it will be important how Bitcoin reacts into the dynamic-resistance-cluster and how strong the pullback and right shoulder forming will be then when this is a swift bearish move to the downside Bitcoin is likely to follow up and confirm the whole formation bearish to the downside which will happen by a possibility of 65% and with the close below the neckline and EMA as it is marked in my chart, what is coming then also is the EMA-crossover-signal that is likely to emerge and will give the next bearish edge. The less likels bullish scenario will show up when Bitcoin somewhat manages to hold the neckline and bounce up from there, here is it from high importance that Bitcoin really bounces with the proper bullish move and closes above the upper right shoulder to continue, for now, it will be important with what pace the right shoulder is forming. 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
22
Since Bitcoin Dumped Massively, Here Is What To Consider Now!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 and what we can expect the next times. What a massive dump bitcoin has shown up with the last times as it tested the upper boundary of the ascending channel, it is not seldom seen that after such bearish volatility to the downside there comes a further continuation and more bearish pressure to follow up with, in this case, it is important to elevate in the current situation if bitcoin manages to somewhat stabilize from this heavy downside volatility or it sets up to follow up with more bearishness the upcoming time, in this case, I detected the important levels and possible outcomes we should consider now. Looking at my chart you can watch there bitcoin trading within this huge ascending-channel-formation where the dumb has the origin within the upper boundary almost exaggerating with a strong bearish and volatile move into the lower boundary where it found some support within the lower boundary and the important 80-EMA marked in red in my chart, these two reference-points are highly important to hold considering any stabilization. The next times we can expect bitcoin to form a smaller bounce from these levels which will directly run into massive resistance where not only the Fibonacci-resistance lies within the 13160 level but also the middle-line of the channel has the middle-line-resistance as it is marked in my chart, this level is likely to firstly produce a pullback firstly to the lower boundary and the back-up-zone lying there again, when Bitcoin does not manages to form a substantial bounce in this area it will continue with the bearish pressure when falling below the 80-EMA and closing below the lower boundary as it will then move into the bearish-continuation-zone where bearishness will continue till the next proper support which is farther away at the 12600 level here. This example shows one more time that the trend changes within the market especially in volatile ones like the cryptocurrency market should not be underestimated, in such situations it is highly important to prepare when a possible reversal or volatility can show up as this is often determining for the outcomes, in such situations we should not overspeculate the market and rely on the proper instruments to take up a comprehensive side of things. Especially in times where smart money operators pushing the prices up and down individual traders have often problems following up with these important facts and realities do not lose in actuality. Therefore it will be important to elevate and keep calm to look at what bitcoin is now coming up next times as suggested. In this manner, thank you to 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
22
Bitcoin, Bullish H-S-Breakout Pointing To Final Wave Emerging!Hello Traders Investors And Community, Welcome to this update-analysis where we are looking at Bitcoins weekly timeframe perspective, the massive head-and-shoulder-formation I mentioned previously Bitcoin build on the weekly timeframe perspective now has properly formed the strong breakout above the bullish head-shoulder-confirmation-line and closed there, this was the important step in the structure to confirm this head-and-shoulder bullish and also activate the upper target-zones, now as this breakout has emerged and we can expect the continuation to the pointed targets it needs to be elevated that it is highly given that there can come a pull-back to the head-shoulder-confirmation-line stabilizing within the support lying there before the final wave can emerge, therefore I detected the important levels and mechanisms we should consider with bitcoins current situation and the upcoming destinies. When looking at my chart you can watch there the clear weekly close above the head-shoulder-confirmation-line, on the smaller timeframes bitcoin run into resistance also here besides that it has an overbought condition on the daily to 4-hour timeframe, it is not seldom seen that after such a breakout above a preliminary confirmation-line there comes a pull-back to this level before the continuation can show up further, in this individual case we can expect bitcoin to pull-back to the final-wave-origin-zone where also several supports lying, which is firstly the neckline of the head-shoulder-formation, secondly the 20-EMA marked in blue and also the horizontal support lying within this level overall marking with the blue box in my chart a zone where Bitcoin has high likelihood given to bounce up from there and establish the final wave 5 which is determined to reach the projected targets. The upcoming times it is important for Bitcoin to show how the bounce from the final-wave-origin-zone can look like, here it is really important that Bitcoin bounce strongly from that zone and do not fall below it because this can invalidate developed bullishness however as the head-and-shoulder breakout was that strong and there are some very solid supports lying this is currently not the most likely scenario and a bounce with the final wave establishment can be much more expected. After bitcoin has shown up with the final wave this will lead into the target-zone where several resistance is lying and also supply from past market environment, this is the point where a possible reversal can upcoming and Bitcoin sets up to pullback firstly to lower levels in the channel as you can see it marked in my chart the first level to consider here will be the immediate-pull-back-zone, till then we need to elevate how Bitcoin shows up with the further price-action which will be a meaningful indication, for now, Bitcoin has shown up with great bullishness however when the final-wave moves on it will lead also to strong resistance layers which should not be underestimated as the price-action can reverse from there. In this manner, thank you for watching the analysis, have a good day as well as good trading and all the best! "Astonishments tend to happen outside the usual experiences." Information provided is only educational and should not be used to take action in the market.
COINBASE:BTCUSD
by VincePrince
22
Bitcoin, Double Top, Opportunity On The Short-Side!________________________________________________________________________________________________ Hi Traders, this is a trade setup I give to you for free today. Support will be great. The major entry was realized yesterday as bitcoin reached the peak at 13200, this is a possible second chance. ________________________________________________________________________________________________ REASON: Double Top, Trading Below Trendline, Trading Below EMA. ________________________________________________________________________________________________ How trade can look like: ENTRY: 12900-12300 MINIMUM TARGET: 12750 MINIMUM STOP LOSS: 13200 MINIMUM RISK REWARD: 1 ________________________________________________________________________________________________ In this manner, thank you for watching and good day! Information provided is only educational and should not be used to take action in the markets. ________________________________________________________________________________________________
BYBIT:BTCUSD.P
by VincePrince
62
The Massive Cup-Handle-Formation Bitcoin Is Building!Hi my friends, Welcome to this analysis where we are looking at Bitcoins 12-Hour timeframe perspective, as Bitcoin is approaching the previously established resistance within the 12445 levels I made some worthwhile detections important for the upcoming determinations and destinies of bitcoins developments, as already mentioned the huge head and shoulder formation bitcoin not only formed on the daily chart but also on the weekly chart has already shown a positive bullish outcome which is pointing to higher targets in the structure, besides that Bitcoin is now forming this possible Cup-Handle-Formation which has good potential to form properly within the structure when the next steps show up, therefore, I detected the important steps ahead which leading to a final breakout as well as confirmation of the formation and activating upcoming targets. Looking at my chart you can watch there that Bitcoin is now approaching this strong resistance level at the 12345-12445 level where a pullback is likely as it has already shown in the past with bitcoin approaching this level, beside the resistance lying there it is still supplied which has accumulated from past price actions and investors as well as traders wanting to exit the market considering the dumping which has shown up. When the likely bearish pullback shows up which is marked with the letter A as expected and bitcoin moves below this rising-trend-line marked in my chart in dashed grey it will move on to the next appropriate support to consider for stabilization and back-up which will be in this case the level marked with the letter B in my chart where several supports coming together forming this coherent support cluster where the 100-EMA marked in blue, the 38.2 % Fibonacci-level and the horizontal lying there all coming together and producing this area with a high likelihood for a bounce and final confirmation of the handle of the bigger cup-handle-formation, this will lead then to the final step in the structure marked with the letter B in my chart where Bitcoin shows up with the decisive breakout above the neckline finally confirming the formation and activating upper targets further in the structure. When the formation shows up with certain individual steps A-C as suggested it will show very good potential for bitcoin to continue with the established bullish pace. When looking on the reverse it is highly important that bitcoin really holds this level and does not invalidate it by a close below the trendline and support-cluster, this however is at the moment, not the most expected scenario to consider. Also what is important here is that bitcoin is a front runner in the current cryptocurrency market environment as many altcoins as well as the major Ethereum still mingling in the range this can indicate an increased dominance of bitcoin, in this case, it needs to be elevated if the altcoins have the strength to move on with this pace or it will show up in a bitcoin-season, these approaches will be definitely interesting to watch. In this manner, thank you, everybody, for watching, support is very good, have a good day and trading, all the best! "There are many roads to prosperity but one must be taken." Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
18
These Establishments Will Be Extremely Essential For Bitcoin!Hi Traders Investors And Community, Welcome to this analysis where we are watching the Bitcoin daily timeframe perspective, bitcoin came to a point where it is testing several resistance-layers together in which it already got rejected once, a key point in this whole structure is the neckline of the previously established head and shoulder formation which confirmed bearishly to the downside, now as bitcoin tests this crucial level it will determine the next outcomes and it has to be noted that we can either expect the pullback to be happening right away or bitcoin manages to take out this strong resistance and continue upward before showing a pullback, both scenarios will be confirmed properly and it is important to look at the signs when each of them is confirmed before taking speculative assumptions happening too often these times, therefore I detected all the important levels and likely outcomes we should consider now. Looking at my chart you can watch there that bitcoin besides testing the upper boundary of the ascending-channel-formation also tests this strong neck-line-resistance which is an important reference point here because when this strong resistance is taken out properly we can expect a continuation within the bullish-continuation-zone marked in green in my chart which will also lead to a c-wave-extension of the formerly established wave-count. On the other side when bitcoin fails to move above this resistance and pulls back anew this will lead to a testing of at least the 10-EMA marked in red in my chart and when bitcoin closes below this pivotal EMA a continuation to the back-up-cluster is likely to happen. What is also important to consider in this situation is that stochastic is showing more bearish signs as the K and D-line consolidating at the top which is normally seen before a bearish reversal shows up. Taking all these factors into consideration as a sophisticated trader we should look for the proper confirmation as suggested before going in the right direction. At the moment many other cryptocurrencies showing mixed signals with either bearish formations forming at the bottom or on the verge at highly important turning points which will be decisive for the further outcome, as already mentioned a bullish continuation has the possibilities given within bitcoin however this needs to confirm properly and a pullback should not be underestimated here especially when bitcoin testing these strong resistance layers still existing above. The next times will be interesting to watch how bitcoin furthers direction and where it will lead, for now we need to anticipate if either the bullish scenario with a decisive move above the upper resistance or the bearish one with the close below the EMA fulfills further destinations. In this manner my friends, thank you everybody for watching the analysis, feel free to support, have a good day and 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
3
Why Bitcoins Pull-Back-Scenario Should Not Be Underestimated!Hi Traders Investors And Community, hopefully, everybody is doing well in these times and welcome to this analysis where we are looking at Bitcoins 6-hour timeframe perspective, Bitcoin has managed to recover since the heavy bearish breakdowns into the 10.000 USD psychological support mark where it managed to form some uptrends and this huge ascending-channel-formation, nevertheless there still some very important resistance layers above which should not be underestimated and overall a pull-back-scenario isn't still fully unrealistic at the moment as bitcoin does not yet have established a concrete trend where technically it is still trading within this bigger perspective sideways-movement. Now there are some very important scenarios we should consider in the current situation which are imminent upcoming and can swift the whole dynamic again, an important question will be how strong possible pull-backs can look like and how bitcoin can possibly manage to recover from them, therefore I detected the meaningful levels and upcoming outcomes we should consider within this situation. When looking at my chart you can watch there that bitcoin is just trading right above the point of control of the volume profile marked in red where it is building somewhat of a triangular formation together with the descending-trend-line and the middle-line of the ascending-channel-formation also bitcoin has the support within the 30-EMA marked in my chart in grey, these signs indicating a new reality to establish taking bitcoin from here higher in the structure however this rally will directly lead into crucial resistance layers above where not only the wave-counts are ending but also still strong resistance lying consisting of the horizontal resistance in red and the upper boundary of the channel coming together and forming this considerable short-entry-zone as it is marked in my chart, currently the bullish trend-establishment isn't strong at all and therefore a pull-back-scenario is likely to happen sooner or later which has good potential to show up when bitcoin makes this last move into the strong resistance layer suggested. The next times will show how bitcoin reacts when moving into the resistance and it will be important how the pullback will look like, if it is strong or not, the initial-pull-back target here will firstly be the lower-boundary of the huge ascending-channel-formation where bitcoin has support and possible to recover, when this support does not hold and bitcoin does not show the proper reversal signs within this the pullback can move on into the pull-back-extension zone where the lower levels will be pointed in which the 10.000 USD mark will be tested again. Overall we should not overspeculate the currently still marginal rally to the upside which has not yet confirmed a decisive outcome and trend-establishment, therefore it is so much more important that we do not take the pull-back-scenario by side here as the past has shown that this can show up more swiftly than expected especially within the volatile cryptocurrency space. The next time we need to assess how bitcoin advances further in the structure here and it will be interesting as well as important development when the reverse scenario is also taken into consideration. In this manner, thank you everybody for watching the analysis, feel free to support, have a good day and trading, all the best! "Great alterations 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
11
Bitcoin, Two Outcomes, One More Likely One!Hi my friends, 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 next times and how to possibly handle this and upcoming situation. Bitcoin recently has shown some marginal up moves in the structure where it already build this ABC-wave-count, now as this wave-count has emerged bitcoin currently is testing resistance where a consolidation within the range can be expected, a big question currently is if bitcoin can extend this emerged wave-count or if it will move further in the channel and form a D- and E-wave ahead in the channel, currently it has to be noted that both outcomes leading into a possible short as there are still resistance layers and the bearish pressure did not yet end the big question just will be when and how these pullbacks will show up within this developments and bitcoin destinies. Looking at my chart you can watch bitcoin has formed this ascending-channel-formation where it has completed the ABC-wave-count and now is testing the upper boundary of this channel, besides that bitcoin has this ascending-trend-line which is holding the bulls above, besides that it was good that bitcoin moved above the 100-EMA which was resistance before. Now taking all these factors into consideration there are two outcomes to expect in this structure of which one has a more likelihood, the first one will be that bitcoin manages to hold the ascending-trend-line and gain strength above it to finally approve an upside breakout which will lead to a C-wave-extension as it is marked in my chart, the other scenario is when bitcoin falls below the ascending-trend-line and moves on to test the lower boundary of the ascending-channel-formation before backing up to the upper boundary again which will lead to a D- and E-wave forming coming into the channel and lying also ground to confirm this ascending-channel-formation as a possible bear-flag to show up. As bitcoin has already established this slightly more bullish pace and is trading above the 100-EMA as well as above the ascending-trend-line the bullish scenario has a higher possibility here and can be traded properly when bitcoin manages to move above the upper boundary and close there. When this outcome shows up it has to be noted that there are still strong resistance layers above which are likely to show up in a pullback in this manner the market has to be elevated again. Taking up both perspective the extension as well as the further development in the channel both will lead to a pull-back-scenario further in the structure which should definitely not be kept by side here as it is happening to often as the market especially the cryptocurrency market tends to exaggerate this is just where smart-money comes into and taking up the position trades from inexperienced traders, a reason more to not overspeculate things and assess the market in the right manner. In this manner, many thanks everybody for watching, greatly appreciate all supports, have a good day and all the best my friend! Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
44
Ethereum, Decisive Scenarios To Consider On The Weekly Basis!Hi my friends, Ethereum is forming some interesting movements not only on the smaller timeframes but also on the bigger timeframes such as the weekly timeframe where it is moving in two ascending-channel-formations, the one is more local and steeper and is marked in black where the immediate trend is lying and the other is more global and flatter where the huge wave-cycle is lying. It has to be noted that Ethereum is moving a massive consolidation here already for a long time where it will show a strong breakout sooner or later. As Ethereum is now approaching the middle-line of the steeper ascending-channel-formation since some weeks this will be an important reference point to further continuations besides that there is the 10-EMA which is holding the weekly trend to the upside here. In comparison to bitcoin this structure is very differential as Ethereum recovered better from the heavy corona breakdowns seen this year and managed to move higher above these established pre-corona highs in the structure. On the more middle-term, Ethereum is building this triangle-formation you can watch marked in the structure in my chart with the orange triangle which will show a breakout sooner or later either to the up or downside, now as the 10-EMA in green and the middle line of the channel is still holding we can also expect this to go on till there is a decisive move, taking all these factors into consideration the bullish case moving above the upper boundary and determining a new higher high is at the moment more possible than the bearish case that Ethereum breaks below and tests the lower boundary as there is still some solid support lying which can increase the bullish pace here scenario A should be more expected than scenario B. This scenario A will show up when Ethereum manages to move above the upper boundary with a decisive move which will increase bullishness till it tests the upper boundary of the steeper ascending-channel-formation which will lead to a C-wave extension of the bigger wave-count as it is marked in my chart, it will be interesting how Ethereum proceeds further here. In this manner, thank you everybody for watching, have a good day and weekend, feel free to support and all the best! Information provided is only educational and should not be used to take action in the markets.
COINBASE:ETHUSD
by VincePrince
13
Bitcoin, Determining Mechanisms Upcoming Next Weeks And Months!Hi my friends, Bitcoin has recovered from the annormal corona breakdowns seen this year as it moved above the 100-EMA on the weekly timeframe basis so crucial for the bullish development, these movements were the most bearish breakdowns seen in bitcoins history and that is why it was very worthwhile that bitcoin managed to form this meaningful step above the 100-EMA again, nevertheless in a more bigger perspective bitcoin is moving in this massive ascending-channel-formation where it still has the upper resistance and supply lying there around the upper boundary coming together in this coherent short-entry-cluster marked in red, this cluster is lying in the accelerated-supply-zone between the 2017 high and the 2019 high which was already origin of heavy bearishness seen in 2019-2020. The next times a rally to higher levels can be expected, this rally however will run directly into the resistance layers lying there marked in my chart where this strong supply is lying which can be the initial reference point for a pullback to the downside, these resistance layers also ending with the wave-count finishing in this level. Especially when looking on the upcoming economic events like elections or the second increase in corona from which many scientists is talking of these determinations will be critical and it has to be noted that when there comes a massive corona increase or other important measurements within the corona policies such breakdowns arent far from sight and can even invalidate possible rallies, this is why these rallies should not be overvalued for now as we have seen how fast the market can reverse back in 2019 as approaching the supply-zone. From a technical standpoint, the resistance layers above are likely to produce the pullbacks seen in my chart which will firstly lead to the initial-short-target marked in my chart at the 35-EMA in black, when bitcoin does not manage to recover here bitcoin will move on to drop further to the 100-EMA in red matching with the middle-line-support which is extremely important to hold considering any solid bullish continuation because when bitcoin does not hold this levels sustainably it will increase bearish pressure extremely within the pull-back-extension-zone below the 100-EMA and middle-line supports even taking a new test of the lower boundary into considerations. Now as many people becoming already extremely bullish and point bitcoin to reach astronomic levels in just two weeks this is where we need to do not overspeculate the market with illogical approaches because this is just what smart money operators and market makers on the other side waiting for. In order to assess the market properly, we need to see what is going on there and yes Bitcoin established some good recoveries from the corona breakdowns but it is still not yet fully bullish this is why the bearish perspective especially when looking at the resistance layers above should not be kept by side here, therefore, it will be interesting how bitcoin will develop next times the final wave leading into the strong resistance above and how it will react under the suggested approachments. In this manner, thank you everybody for watching the analysis, have a good day and good weekend, very good contentment for everybody who is supporting, all the best! Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
6
Bitcoin, Since Volatiltiy Increased, Here Is What To Consider!Hello Traders Investors And Community, Welcome to this analysis where we are looking at bitcoins 12-hour timeframe perspective, it is also an update-analysis to the structure I detected on the daily timeframe and the strong resistance lying there, if you did not see this analysis already I highly recommend it to watch by going on my profile to have a full-depth-overview. The last times we saw bitcoin increasing the volatility within the range formed in the 11200-11600 level, since bitcoin confirmed the upper resistance-cluster properly to the downside bitcoin is now mingling there and tested already the lower levels, a big question we should ask now if this bearish pressure established here will increase and move to the lower levels at the end or bitcoin manages to somewhat stabilize in the structure and take out the strong resistance layers above which still existing and should not be underestimated in this structure bitcoin has formed. Recent Events And Established Structure: Now as you can watch marked in my chart bitcoin just recently tested the 15-EMA in green, which is the 30-EMA also in the 6-hour chart, together with this EMA bitcoin also tested the middle-line of this massive ascending-channel-formation, these two supports reference points bitcoin tested recently with a heavy volatile bearish move which is crucial here because when bitcoin gains the strength to move below them it will continue to the lower levels to be reached in the structure consisting of the blue back-up-cluster. The next times we can expect bitcoin to move further with its consolidation here and after some time make the necessary decision, either bitcoin manages to stabilize further or bears gaining in strength and finally push below the support that lower levels will be reached. Important Considerations: Bitcoin is in a situation where it has to show how it will proceed further from this position and if there come more bearish pressure which will lead to a pull-back-extension or it manages to hold this structure, currently the bearish side should not be kept by side as we saw this bearishness already increasing the last times. When bitcoin now continues with this bearish pressure and moves below the support levels it will continue further till there is substantial support found which can reverse the whole dynamic again which is in this case the blue back-up-cluster coming several supports together and forming this coherent cluser which is highly important to hold because when bitcoin closes below it this will increase the possibility to further into the bullish-invalidation-zone marked in my chart. In this manner, thank you for watching, good day my friends, and support for more market insight. "There are many roads to prosperity but one must be taken." Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
5
Bitcoin, Move Above HS-Resistance Activated Next Developments!Hello Traders Investors And Community, Welcome to this update-analysis where we are looking at BITCOIN daily timeframe perspective and the head and shoulder developments going on there, as more likely expected Bitcoin recently managed to move above the crucial upper resistance necessary to take out for Bitcoin to confirm the head and shoulder formation in a bullish way, this was also the suggested scenario with greater likelihood on the weekly timeframe and the signs detected there, if you did not see this analysis already I highly recommend you to watch it to have a full-depth-overview. Now as bitcoin has taken out this major resistance there are some more alignments, levels, and outcomes we should consider in this whole structure here. Confirmations And Structural Development: As you can watch when looking at my chart bitcoin managed to take out this descending-trend-line marked in grey sustainably and now is trading above this trendline where it has touched it already several times. Besides, that bitcoin managed to close above the previously established resistance which was very important for bitcoin to show up bullish and confirm the massive head and shoulder formation in a bullish way, now as bitcoin moved above this resistance and is also currently testing it this resistance became coherently support now where bounces are likely to occur. What is also interesting to notice here and what added to the structure is that bitcoin moved above the 20-EMA marked in blue within my chart, as bitcoin did this in previous bull runs this is an important move which should not be kept by side here. Upcoming Outcomes: Now as bitcoin has shown up with all these important factors necessary to confirm the major head and shoulder formation in a bullish way we can expect it to move higher after it has tested the support which was previously resistance successfully. When this happens properly bitcoin will move higher and test firstly the upper resistance marked in grey in my chart before a pullback there can occur for bitcoin to gain more strength in the structure. Friends, it is always important that we wait for such confirmations and activations within the asset and price-action before taking any further considerations, it is always the best option compared to just rushing into trades which do not satisfy at the end of the day, this is why it is so important to look for such layers like in this case to consider the scenarios with the highest possibility and approach them accordingly. In this manner, thank you for watching, good day my friends, and support for more market insight. "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
13
Bitcoins HS-Formation More Potential On The Bullish Perspective!Hi my friends, Welcome to this analysis, we are looking at Bitcoin, the 2-hour timeframe perspective, the recent events, the current formational structure and what can be expected the next times. As bitcoin approached higher within its structure and is now somewhat consolidating since some time it is forming an important formation here which will determine the further outcomes in the structure, this formation will play a crucial part in the next outcomes and a big question is if this formation confirms to the up or downside as for now there are more possibilities given for an upside breakout, therefore I detected all the important levels and necessaries to confirm this breakout to the upside and also the reverse perspective when the formation shows a reversal to the downside visiting lower levels in the structure which should not be kept by side in this development. Structural Developments: Looking at my chart you can watch bitcoin now building this head and shoulder top formation where it has formed the neckline marked in blue right above the 45-EMA marked in green which is an important reference point here holding the price-action above it. Furthermore, we can see the left shoulder and the head already formed and bitcoin is now setting up to form the right shoulder as the neckline bounce has initiated this, besides this, we have the descending-trend-line marked in grey higher in the structure where a good chance is given that bitcoin pulls back there to complete the whole right shoulder in the structure as it is marked in my chart when the bounce-back occurs within the trendline this will complete the right shoulder and therefore set up to the up or downside which needs then to be elevated properly. Outlook: Basically, there are two possible outcomes to consider here, the first is that bitcoin manages to move above the descending-trend-line marked in grey to set up on this and form further bullish movements which will confirm a bullish confirmation and the second possible outcome is when bitcoin breaks below the neckline and closes there to continue with bullish pressure to the downside. As bitcoin has still established a bullish pace and some solid supports in the structure which can move the price higher the bullish outcome has currently a higher possibility than the bearish one nevertheless it is highly important to wait on the proper confirmation before going into the right direction which is also the difference to merger speculation seen too often these days, therefore it will be important how and when bitcoin confirms the next developments in the right direction to then take appropriate action. In this manner, thank you for watching, good day my friends, and support for more market insight. "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
11
Bitcoin, Testing Upper Resistance, These Outcomes To Consider!Hi my friends, Welcome to this analysis where we are looking at bitcoins 4-hour timeframe perspective, the recent events, the current formational structure and what we can expect the next times. Bitcoin has established a remarkable bullish pace within its range and structure however it has not yet confirmed decisively a trend and the next outcome definitely to come this is why the bearish scenario should not be kept fully by side here, as bitcoin approached higher we should not underestimate a pullback in this structure, this means to be prepared on possible changes to do not get overwhelmed by the market circumstances often faced these times, therefore I detected all the important levels and possible outcomes we should consider with bitcoin in its established structure to anticipate the upcoming destinies. Price-Action Establishment and Possible Reversal: As you can watch when looking at my chart bitcoin has established this coherent wave-count within firstly the first ascending-channel marked in blue and then also within the second ascending-channel marked with the dashed black trendlines as the price action to the upside got faster, now this was a crucial move as bitcoin has still remaining resistance levels higher in this environment, the main resistance is within the 11800-11900 which is also matching with the final wave of the wave-count and with the middle-line of the channel. This resistance is therefore more likely to produce a pullback to lower levels when touched, the big question then will be how protracted this pull-back will be and if there can come a fast reversal or the price-action firstly needs to stabilize. Upcoming Outcomes: Now as bitcoin is approaching these serious resistance-levels above there will come firstly a reversal in the structure sooner or later, this will move into the pullback when bitcoin crosses below the lower boundary of its channel with a decisive move, when this happens and bitcoin leavs its established second ascending-channel the pullback will go on till there is serious support found which can reverse the dynamic, the first support in this scenario is the upper line of the first ascending-channel marked in blue where bitcoin can bounce and form a back-up, when this does not hold the next will be the lower support marked in grey that is also matching with the middle-line lying there, this is extremely important to hold because bitcoin will increase bearish pressure when falling below it again, then the next steps need to be elevated, it will be interesting to watch how bitcoin develops further here. In this manner, thank you for watching, good day my friends, and support for more market insight. "Forecast 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
7
NKNBTC trade opportunities with Engulfing Hello, Dear subscribers! Today, our automatic Engulfing strategy detected a new opportunity of the reverse to uptrend and potential growth in the NKNBTC price. The EMA and SMA (5, 10, 20, 30, 50, 100, 200) indicators demonstrates the downtrend. The Commodity Channel Index (20) and MACD level (12, 26) revealed the trend change. Also the trend reverse is confirmed by touching the RSI support line. The buy level was 0.00000169 and we expect a 2.9% increase from this point which is 0.00000174 level. The alert was automaticaly execured by SkyRock Signals trading bot
Long
by Skyrexio