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Bitcoin-trading

Bitcoin, Approaching Serious Resistance, This Outcomes Possible!Hi my friends, Welcome to this analysis where we are looking at bitcoins 4-hour timeframe perspective, since bitcoin has shown this heavy upside volatility the last times it is approaching serious resistance layers above which just can't be kept by side here, therefore it is better to look at what the market is doing rather than to rush into trades which are not satisfying at the end of the day. Bitcoin currently is in a situation where a correction when not a bigger pullback is more likely which increases when bitcoin does not hold certain levels. In this case I detected the important levels and possible outcomes we should consider within bitcoins currently established structure. Looking at my chart you can bitcoin now moving in this preliminary important ascending-channel-formation where it already touched the upper and lower boundary several times and where it still has some serious resistance above within the ascending-resistance-channel marked in red in my chart, besides that bitcoin has the horizontal resistance lying there marked with the red box in my chart, together these levels are building a strong resistance where bitcoin not only will have a hard time to even go above but also which increasing the possibility for a pullback firstly to lower levels much more. This will show up when bitcoin gets rejected in the structure again and increases the bearish pressure accordingly then. When bitcoin shows up with the more likely scenario to form a pullback in this structure this will lead to the next important support to be considered which will be in this case the 55-EMA marked in my chart in red where bitcoin also has the middle-line of the channel as support. This level is inevitably crucial to hold for bitcoin because when falling below this level it will increase the bearish pressure till the lower boundary is reached firstly after this it has to be elevated further, however, when bitcoin holds this level it can recover from here and maybe gain the strength to move above resistance also nevertheless this needs to be shown with the proper price-action also. 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 markets.
COINBASE:BTCUSD
by VincePrince
22
Litecoin, Since Final Wave Established, These Outcomes Likely!Hello Traders Investors And Community, Welcome to this update-analysis about LITECOIN 4-hour timeframe perspectives, we are looking at the recent events since the previous analysis according to this structure, what LITECOIN is likely to show up with now and what outcomes there can be determined. The final major C wave marked in red together with the coherent minor C wave has now fully established as expected and ran exactly into the resistance-cluster which I already mentioned, if you did not see this analysis already I highly recommend you to watch it by going to my account and look at the analysis to have a full-depth-overview. As LITECOIN has now approached these clusters there can come some preliminary changes and alterations in the trend with a possible reversal therefore I detected all the significant levels and outcomes important to consider here. As you can watch in my chart LITECOIN already formed this coherent pull-back within the red resistance-cluster and what is also worthy to mention here is that the volume increased this means a lot of pressure was there already, now LITECOIN can form the pull-back as it approached these several resistances and this pullback will go on till there is serious support found which can reverse the whole dynamic, this can happen in the first preliminary level marked in orange in my chart where LITECOIN has the middle-line-support and also horizontal support, when this level does not hold LITECOIN will continue with bearishness till the second preliminary level within the lower boundary of the channel, both levels are marked with S1 and S2, when LITECOIN approaches these it has to be elevated how strong a possible reaction there can look like. 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 markets.
COINBASE:LTCUSD
by VincePrince
9
Bitcoin, Finally Approves Bullish Breakout Above Boundary!Hello Traders Investors And Community, it is always good when TA is going well and so much better when a trade is also entered before huge volatile moves occur, in contrary to what academics are stating so often these times that technical analysis is not a science and it is just a random-walk-theory there is much evidence that is functioning well when it is applied right which is, of course, an important factor in this case, therefore technical analysis has definitely scientific aspects which can prove really profitable at the end of the day. Within bitcoin it was a good way to enter at without stress around the 10500 levels as the wave C in the triangle-wave-count has emerged, this gave a really strong setup with good realized potential as the volatile price-moves pushed to the upside after some little consolidation and the D and E establishment. Structure: Now as bitcoin managed to form these strong moves above the upper boundary of its massive descending-channel-formation bitcoin is now testing the previously established local-resistance-line which is also the neckline of the confirmed head and shoulder formation. As bitcoin has still strong resistance layers here a pullback the next times to show up is a likely scenario, however, this pullback will move into the solid support levels lying there, which is firstly the 100-EMA marked in grey in my chart and also the upper boundary of the channel, besides that bitcoin has also Fibonaccis there. These levels can form a good support-cluster as it is marked in my chart in blue where bitcoin can bounce and move on to test the higher levels again. Outlook: When bitcoin moves as expected and the blue support is confirmed bitcoin can show a decent bounce and confirm this V-shape formation in the structure which can point to the higher levels. When bitcoin manages to move above the local-resistance-line sustainably this will activate the testing of the next higher resistance which is in this measurement the global-resistance-line, by the way, this is also matching with the head and shoulder I detected here. So as traders it is the best to wait now when there is not already a trade entered, it is always the best to wait on the proper setups to show up when there is not already a trade entered before otherwise it is not the best option to just rush into trades which aren't satisfying at the end as the prices already moved strongly in the direction it is better to look for new opportunities upcoming. In this manner, thank you for watching, good day my friends, and support for more market insight. "Good luck is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
34
Bitcoin, Pullback Possible Before A Solid Breakout Takes Place!Hello Traders Investors And Community, Welcome to this analysis, We are looking at bitcoin, The 1-hour timeframe perspective, The recent events, The current formational structure, What we can expect the next times and how to handle the upcoming situations appropriately. As bitcoin recently shown up with this strong volatility move to the upside it broke above several resistance layers and confirmed its triangular formation to the upside, now as this sharp event has taken place bitcoin currently tests resistance and it is often seen that after such event a correction or pull-back takes places in the structure, this is what a possible scenario can at the moment look like, therefore I detected all the important levels and outcomes we should consider with bitcoins structure and next developments. When looking at my chart you can watch there that bitcoin now beginning to show some supply signs and is building a triangle there, this triangle when broken with bearishness to the downside can lead to the testing of the lower levels where bitcoin can possibly stabilize, this bearishness will continue till there is substantial support found which has the potential to reverse the situation and in this case it is the back-up-cluster you can watch marked in my chart in blue where bitcoin can possibly handle to back-up as there are several supports lying consisting of the Fibonacci-supports and also the trendline from the previously formed triangle, besides that the 400-EMA marked in red is coming into the layers there, overall building a strong level where bitcoin can bounce. Bitcoin is in a situation where it has to show if the supports lying lower in the structure can hold sustainably, when this happens and the bullishness can stabilize bitcoin can manage to move up again and prove the breakout above the descending-resistance-line marked in my chart in red, in this case it is from high importance that bitcoin really manages to bounce in this structure and does not show up with bearishness increasing while bullishness decreasing which can alter the dynamic again, for now, we should not keep the initial pullback completely by side and underestimate it, when this has completed further alignments and be measured and it will be interesting to watch how bitcoin manages to handle this range. n 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 markets.
COINBASE:BTCUSD
by VincePrince
13
Since Bitcoin Volatiltiy Set The More Likely Scenario Develops!Hello Traders Investors And Community, Welcome to this update-analysis where we are looking at bitcoins 4-hour timeframe perspective, the events which showed up, the current formational structure, what has changed to the initial analysis and what we can expect now with the increased possibility to happen. Since bitcoin recently has shown this strong upside volatility it made a major step above the established upper boundary of its important triangle, now as this expected move has shown up in bitcoins price-action the further alignments are likely to be developed, there are still some important outcomes bitcoin has to show properly before the full confirmation can be expected and when bitcoin shows up with it there is some great potential given. Increased Possibilities: Looking at my chart you can watch there this clean green shooting star-candle directly above the upper boundary of the triangle-formation marked in blue where it is now trading, this move was the initiative for the more likely bullish scenario which increased to a possibility of 85% now. The next time we can expect the movements going on and gaining strength before the final breakout can happen, this can show up as it is marked in my chart with consolidation between the 300-EMA marked in green and the upper boundary of the triangle-formation. When bitcoin then manages to move above the descending-trend-line marked in blue which is the last important resistance in this structure it will be the final confirmation for bitcoin into the expected bullish zone. Outlook: Now as the possibility for a bullish breakout and continuation increased by almost 20% it will determine the further outcomes in a profounded way and when bitcoin shows up as expected this will shift the whole dynamic into a more bullish picture where higher resistance levels in the structure still remaining can be tested. Currently, this is a likely scenario and the bearish one decreases with the possibility, however, this can increase again when bitcoin shows bearish signs in the structure it is currently developing. Till then it will be interesting to see how bitcoin develops further in the structure and how the bullishness can show up here. In this manner, thank you for watching, good day my friends, and support for more market insight. "Trading effectively is about assessing possibilities not certainties." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
13
Bitcoin, Imaginable Entry-Set-Up When This Shows Up Properly!Hi Traders Investors And Community, Welcome to this analysis where we are looking at the bitcoin 1-hour timeframe perspective, the recent events, the current formational structure, what we can expect the next times and how possible entry-set-ups can look like. As bitcoin fell down to its recent remaining support at the important psychological 10.000 USD mark this was a good point to cover shorts in the structure which resulted firstly logically into short-squeezes, now bitcoin is at a point where it has to decide if it manages to move above these simple short-squeezes and form some further solid potentials and when it does bitcoin can show up with some decent entry-set-up as I detected in my chart the important levels and likely outcomes we should consider in the current situation and bitcoins destinies. Looking at my chart you can watch there that bitcoin is just forming this preliminary inverse head and shoulder formation which can prove crucial in the end of the day as it is marking a possible reversal of the past bearish price-action and short-opportunities, bitcoin already formed the left shoulder and the head properly and now is testing the 100-EMA marked in my chart in green which can be the origin for the right shoulder to be formed in the structure as it is marked within my chart, this can happen when bitcoin moves into the validation support marked in blue where a bounce must set in to form the right shoulder properly, here it is necessary that bitcoin really bounces in this level and does not fall below it because this will increase the bearish pressure to the downside and possibly invalidate the formation. When bitcoin manages to form the right shoulder as expected or it is also possible to form the right shoulder a little bit higher than the validation level this can provide the final breakout and confirmation of bitcoins formation as it will happen with a decisive move above the neckline marked in blue, a pullback to this neckline will also be an optimal price-action, when bitcoin shows up with this it will activate the Fibonacci-price-projection marked in my chart in green, the whole mechanism can be traded either aggressively with immediate entry or conservative with entry after confirmation, although the immediate entry is also possible here the conservative one will be much smarter as it will mark the confirmation of the formation, traders should decide according to individual risk-preferences. In this manner, thank you for watching, good day my friends, and support for more market insight. "Good luck is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
17
Here Is Why BITCOINS HS-Formation Has Greater Bullish Prospects!Hello Traders Investors And Community, Welcome to this higher-timeframe-analysis about the detected head and shoulder formation firstly on the daily timeframe where I mentioned the two possibilities and ways of confirmations of the head and shoulder formation I detected bitcoin is forming, if you did not see this analysis already I highly recommend it to watch to have a full-depth-overview. In this analysis now we are looking at the weekly timeframe perspective and I discovered some worthwhile signs and signals which making the bullish breakout and confirmation of the head and shoulder formation more likely at the end of the day, these deductions mainly base on the other technical factors and structure bitcoin is building, therefore, I point out the more possible bullish scenario in this multi-timeframe-outlook adding coherently up to the former daily timeframe-perspective and the things measured there. Head-And-Shoulder Structure: As you can watch in my chart on the weekly timeframe bitcoin is building this fundamentally important head and shoulder formation above the 20-EMA marked in blue which is strong support in this case as the price already bounced there several times in the past, besides that bitcoin is still trading above this descending-support-line marked in red where it not only has solid support when it visits it again but also bounced there the last weeks properly. Furthermore, the bitcoins movement above this structure diminishes in volatility which gives the bulls more room to stabilize and set up to confirm the formation upward. Taking all these factors into considerations now bitcoin has a higher likelihood to confirm this massive head-and-shoulder-formation to the upside than to the downside as there are several technical supports holding the trend to the upside. Outlook And Validation: Now as bitcoin printing the higher possibility to confirm its head and shoulder formation bullish to the upside this scenario will confirm properly as already suggested above the 11150-11350 level, for this bitcoin has to close above it on the daily timeframe and then also on the weekly timeframe to form a pullback with the stabilization and further continuation, after that a move above the descending dashed grey trendline seen in my chart will fully validate the head and shoulder formation and activate the target zone seen in my chart between the 15700-15800 level. When bitcoin follows these steps rightly in the structure there is the high potential given that it will reach the head and shoulder target zone which will also complete the wave-count with the final wave 5 after this has been done there is a pullback awaiting with a possible entry in the target-zone. Next Outcomes: What is often seen in today's markets is that after a certain target of formation has been reached the price reverses into the opposite direction and forms a counter-reaction, this mechanism is strengthened when there are other technical factors underlying it like in this case with the reach of the target zone bitcoin will also end the wave-count and run into the resistance, therefore, a pullback after the targets were reached is a serious scenario to be considered, the first immediate-pull-back-zone will be at the 11500-11800 level where supports lying and bitcoin has the possibility to stabilize again when this does not happen and bearish weakness increases further after the initial pullback bitcoin can form a pull-back-extension which has the potential to travel to 8100-8150 to form a protracted pull-back, however till then the further developments need to be elevated. 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
24
Bitcoin Is Building A Massive Head And Shoulder Formation!Hi, Welcome to this analysis where we are looking at bitcoins daily timeframe perspective, as I detected bitcoin is building a huge formation here which will play a crucial parts in the ongoing outcomes and developments, this is why it is important to look at the certain levels and possible outcomes we can expect here, bitcoin, as well as other major cryptocurrencies, are in somewhat a sideways movement since some time and such price-action will end in decisive volatile breakouts either to the up or downside, the big question here is if these breakouts will lead into the bearish or bullish direction, in such situations we should not overspeculate things as it is happening too often these times and therefore we should better determine when a definite trend will end which can bring clarity into the situation till then smaller timeframes can be taken for trade adjustments before looking on the larger changes. Range Building And Development: When looking at my chart you can watch there that bitcoin has this fundamentally important neckline as the origin of the head and shoulder formation starting back in april this year with the left shoulder and the head already formed properly and now is bitcoin building the right shoulder as we can see it bounced already at the neckline, such shoulder development can often result into several smaller shoulder as we have seen it also with the left shoulder formed, besides that bitcoin currently builds the range of the right shoulder as the upper resistance is marked with the red price adjustment in my chart and the lower support marked with the blue price adjustment, these two ranges are important references points in the structure here and with a confirmation above either the upper or lower will bitcoin show the ongoing conclusions coming up. Outlooks: As already mentioned such formations normally breakout to the downside however there can be expectations of this when the chart has some significant supports above and is trading above important levels which is given with bitcoin in this case as it is still trading above the 10.000 USD psychological level which is, in fact, strong support and prices normally don't just break out below such support/resistance levels, counting these factors together it is important for further measurements that bitcoin shows up with the right confirmation which will show up in the bullish perspective when bitcoin moves above the upper resistance and closes there, with the bearish perspective this will happen when bitcoin moves below the lower support and closes there, after either confirmation has shown up it will activate the targets and further continuations with a high possibility. Conclusion: Bitcoin is trading in a sideways market this means for traders to better look for smaller timeframes and changes to trade or either stay out till there comes fuel into the environment and larger trends show up this is also important for money protection, as it is often in such phases as we have seen it also in the past that traders get impatient and trading often in several directions which can prove fatal in the end as it leads to overtrading, this is why it is so important to keep the patient and a cool head till the market will show up with the necessary actions otherwise smaller changes can also add up to a series of successful trades when it is done in the right professional manner, therefore, it will be highly interesting to watch how bitcoin is developing here and if the head and shoulder manages to break upsides or we see a pullback as suggested. 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 markets.
COINBASE:BTCUSD
by VincePrince
20
BTCUSD-Market-Status-UpdateHi Traders Investors And Community, Welcome to this analysis where we are looking at BTCUSD and its 12-hour timeframe perspective. As already mentioned in past analysis BTCUSD had these strong resistance layers still existing higher in the range which now confirmed a second time and pulled bitcoin to test the remaining psychological support at 10.000 USD, now it is important to mark that bitcoin is either bullish nor bearish here as it is trading in a sideways movement and it firstly needs to show up with the proper alignements and the continued outcome, there are however some possible outcomes and further continuation which are likely here, what is important to consider for bitcoin on the middle-to-long-term-perspective is that it is from high importance to wait till the trend has found in the right direction, otherwise we should not overestimate and overspeculate rallies happening because this can prove fatal as it is what smart money operators waiting on these days. Looking at my chart you can watch there that BTCUSD now confirmed the 100-EMA-resistance marked in grey it has in the structure a second time now and set BTCUSD, this second bounce in the level can be the origin for a further test of the lower support and psychological level of 10.000 USD. When considering the bullish perspective and a recovery here this level is highly crucial to hold because when BTCUSD falls below it this will increase bearish pressure with a high possibility and the current sideways movment could just be a set up to further the next leg to the downside. Therefore when visiting this area again bitcoin needs to bounce otherwise with a definite close below this will put bitcoin to visit the lower levels in the structure and at least the rising blue support line still existing there, the pull back will increase and extend in the red pull-back-extension-zone marked in my chart for a bullish succession it is fundamentally necessary that bitcoin does not visits this area. Taking all these factors into consideration now, bitcoin is in a situation where it has to find its trend and when this is done there can be further measurements approached. There are coming basically two possible scenarios up with this, the first will show up when bitcoin manages to move above the 100-EMA-resistance sustainably and then also breakout above the upper boundary of this massive descending-channel-formation marked in orange. On the contrary side the bearish perspectives will fulfill when bitcoin moves with a volatile move deisively below the 10.000 USD support mark which will increase the bearishness. For now we need to not overspeculate things and wait on the proper confirmation which is the best option compared to just rushing into trades which do not show up with the preferred outcomes. In this manner, thank you for watching, good day my friends, and support for more market insight. "Good luck is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
17
BTCUSD, Building The Triangular Formation, Likely Outcomes!Hi Traders Investors And Community, Welcome to this analysis about bitcoin and its 4-hour timeframe perspective, we are looking at the recent events, the current formational structure, what we can expect next times, and which outcomes are more likely than others. Bitcoin showed up some downside volatility the last times where we need to ask the question if this will continue further or bitcoin manages to form a reversal here, on the higher timeframe bitcoin diminishes in volatility and is still in a bigger consolidation phase, what will be seen after such phases is an extensive breakout and increase of volatility either to the up or downside, what I have spotted besides that are some other important levels and outcomes we need to consider at the moment. Triangle Formation And Structure: Bitcoin is building up this massive triangle-formation here marked in blue in my chart where it already touched severely the upper and lower boundary, what is seen after such formations is an extensive breakout, the longer bitcoin stays in the triangle the heavier and stronger the breakout will be, what is also highly important besides this triangle is the fact that bitcoin is forming it above the psychological support level and also above important EMAs as well as horizontal support, this fact makes the triangle certainly more bullish than bearish at the moment, furthermore, you can watch the bullish and bearish breakout zone with the possibilities marked in my chart. Likely Outcomes: As bitcoin is forming this strong triangle above solid support the bullish breakout is more likely, this will show up when bitcoin moves firstly above the upper boundary and confirms it with a pullback after this bitcoin can manage to move into the bullish zone with a strong breakout, this scenario is likely to happen with 65 % possibility, on the reverse side the bearish scenario will show up when bitcoin closes below the lower boundary and continues within the bearish zone as there is still support lying above this is not the more possible scenario at the moment. What is the best for sophisticated traders is to wait on the proper confirmation before moving into the direction. In this manner, thank you for watching, good day my friends, and support for more market insight. "Good luck is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
15
Bitcoin Building The Second Key Head And Shoulder Formation!Hello Traders Investors And Community, bitcoin is building the second key head and shoulder formation, bitcoin already built such a formation one time in the established structure which confirmed suddenly to the downside as you can watch in my chart, bitcoin is now building very exactly the same head and shoulder formation also with the same size and in the same timeframe, the big question, in this case, will be now if this second triangle breaks to the downside as the first one or bitcoin manages to stabilize above the support further and move higher to confirm it upsides, therefore I detected the important levels and more likely outcomes we should consider at the moment. Looking at my chart you can watch this second head and shoulder and how bitcoin is trading above the established support which is also existing on the higher timeframes, also it is trading above the 100-EMA in blue which was an important EMA in the last head and shoulder confirmation, the fact that bitcoin is trading above it makes it certainly more bullish at the moment and also the volume is not really matching into it as it is mixed and not steeply declining, furthermore bitcoin is trading above this rising support, taking all these important factors into consideration a bullish confirmation is at the moment more likely than the bearish one. What is necessary here is really to wait on the confirmation before looking for the proper direction, this will happen in the bearish case when bitcoin closes below the neckline as it was seen in the first head and shoulder, with the bullish case the confirmation will happen when bitcoin manages to close above the falling dashes grey resistance line and also form a pullback from where it can move further, it is possible to enter the market immediately nevertheless the conservative approach to wait on the confirmation will be much smarter here as the final destination has not yet shown up, traders need to decide according to individual risk preferences. In this manner, thank you for watching, good day my friends, and support for more market insight. "The men on the trading floor may not have been to school, but they have Ph.D.’s in man’s ignorance." Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
7
Bitcoin, Approaching Upper Levels Again, Important Measurements!Hello Traders Investors And Community, Welcome to this update-analysis, we are looking at bitcoin, the 12-hour timeframe perspective, the recent events, the current formational structure and what outcomes are likely the next times. As bitcoin has established decent bullishness on the short-time-frame this was a first preliminary step into a more bullish picture within the short-time-frame, nevertheless, there are still strong resistance layers lying above as well as on the short-time-frame as on the bigger timeframes like the 12-hour timeframe or the daily perspective which we should not keep by side at the moment. Therefore I detected in this update the important levels and possible outcomes we need to consider now and what bitcoin has to show up with to confirm a bullishness further and do not pull back to lower levels as well as extend the correction. Looking at my chart you can watch the huge orange descending-channel in which bitcoin is trading and in which the upper boundary already confirmed severely to the downside as you can see already in the past bearish down move putting bitcoin to test the remaining support anew, currently, bitcoin is approaching the same level again and as there the horizontal resistance, as well as the upper boundary lying as resistance bitcoin, is form a serious resistance cluster here marked in my chart with the red circle. When bitcoin will approach this level now it is not likely that it will go directly through it, more likely is firstly a bounce back which can happen to the 100-EMA marked in grey and when this does not happen also to the remaining support at the 10.000 USD psychological mark where also the 300-EMA coming together marked in my chart. Bitcoin is in a situation where it is approaching remaining strong resistance and the question if the pullback is a smaller one or it extends into a bigger one, when bitcoin can not hold the remaining support marked in blue it can continue to the rising blue trendline, these levels need to hold considering a strong bullish breakout of the upper ongoing otherwise when bitcoin does not manage to show the proper bullish action it will increase with bearish pressure in the pull-back-extension-zone marked in my chart where bullish reversal and stabilization gets more difficult, however, it can be more expected currently that bitcoin manages to stabilize either at the remaining psychological 10.000 USD support or rising support to form the next bullish price action and continuation to higher levels, when bitcoin shows up with a great breakout of the upper boundary this will be fully activated. In this manner, thank you for watching, support for more market insight, good day to you, and all the best! "Science is organized knowledge. Wisdom is organized life." Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
7
Bitcoin, Bullish Divergence Detected, Opportunity On Long-Side!Hi Traders, Welcome to this analysis, we are looking at bitcoins 4-hour timeframe, I detected some important signs and signals to look at, you can watch in my chart the bullish divergence bitcoin build with declining prices and the MACD rising standing for a bullish divergence existing here, also the MACD formed a crossover. All these factors indicating a step above the meager short-squeezes and into the target zone around 11130 to 11150, when bitcoin reaches these levels it needs to be elevated if it manages to move higher or a pullback happens, as bitcoin has still strong resistance layers there a pullback can be more considered. Traders it is always important to look on high possible setups which have a good chance to fulfill rather than rushing into bad trades which do not offer the expected goals seen very too often these days, this means we need to keep the speculative approach by side and trade what we see not what we think. The trade can be entered aggressively with an immediate entry or conservative with entry after confirmation above the falling trendline, although the immediate approach is also possible here the conservative one will be much smarter. When bitcoin reaches the preliminary targets it will be interesting how it develops further as a consecutive on the higher timeframes did not do yet. In this manner, thank you for watching, support for more market insight, good day to you, and all the best! "Trading effectively is about assessing possibilities, not certainties." Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
34
Bitcoin Weekly Determining Moves Upcoming Next Weeks And Months!Hi, welcome to this weekly analysis about bitcoins perspective and upcoming destinies. Bitcoin just recently bounced within the back-up-cluster mentioned and formed some healthy up moves within the smaller timeframes as well as on the higher timeframes. The fact that bitcoin also confirmed above the crucial descending-trend-line is playing more into a bullish picture. Furthermore, bitcoin is holding strongly above the supports and when even considering moving below these supports bitcoin will have a hard time doing so. Bitcoin has also held above the established pre-corona highs which where the reference point before the heavy breakdowns seen this year, overall bitcoin has the potential that the pullbacks are already over. Support And Resistance: In my chart, you can see that bitcoin is consolidating above important support bases which is once the descending-support-line marked in red, secondly the 60-EMA in green, and also the massive psychological level of 10.000 USD which was previously resistance is now supported. Furthermore the fact that bitcoin bounced in the back-up-cluster previously mentioned by me increases the possibility for a stabilization above this level. There is a smaller probability given that bitcoin rushes below all these levels, this probability however is currently pretty marginal as it is more likely that bitcoin will confirm these levels anew when visiting again. Channels And Formation: Firstly bitcoin is moving in this huge ascending-channel-formation marked in blue in my chart where it already touched the lower boundary two times in a row in 2018 and 2020 and confirmed, therefore, the 200-EMA as logical support, what happens in such a consolidation also when looking at the huge size is a second touch of the upper boundary remaining, this is also matching with the overall broadening wedge target as the broadening wedge suggested confirmed properly the upper boundary is matching with its targets marked with the green boxes in my chart. When bitcoin manages to move above the red dashed falling trendline with a successful bullish and volatile move we can expect the upper boundary to be tested. Outlook: Since the corona pandemic has established in March this year it was a historical event for markets as such volatility caused by a health crisis has been never seen before the corona increase has shown up, this is why also the landscape of the global market has changed into a more volatile one nearly recovering from the heavy breakdowns where many people said it will never recover again. The fact that bitcoin is trading above the established pre-corona-highs makes it a stronger perspective than before as only a move below these highs can signal substantially weakness, therefore a move to higher levels can be anticipated more than the bearish side at the moment, it will be interesting to watch how this is showing up. In this manner, thank you for watching, support for more market insight, good day to you, and all the best! "Anticipation of fortune is, in itself, a very considerable fortune." Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
11
Bitcoin, Potentials Unlocking When These Steps Show Up!Hi, welcome to this analysis, we are looking at bitcoin 2-hour timeframe perspective, since a little bounce occurred the last days which mainly was still remaining shorts covered resulting in a nice little short-squeeze bitcoin ran directly into the resistance layers above which are still existing and therefore should not be kept by side. In this structure, it is inevitable to anticipate if bitcoin has the strength to gain above the short-squeeze and develop real bullishness sufficient to take out the resistance levels or bitcoin firstly visits the lower levels in the structure, in this case, we have zones in the way where bitcoin can possibly bounce and form upside movements nevertheless we should not overextend possible rallies as pullbacks arent confirmedly over. When looking at my chart you can see the resistance line at 10835-10845 which bitcoin recently visited and formed a swift bearish reaction to the downside, this was firstly a move to the falling grey support line and to the territory of the 60-EMA marked in grey, the next times we can expect somewhat of consolidation to the downside here as it is marked in my chart, the resistance still remaining and on the lower side it is the support which is there when this shows up as it is marked it will be a very good set up for possible further continuations and a move above the short-squeezes we have seen normally aren't strong enough to build consistent upside action when bitcoin bounces then at the Fibonacci-support it can be the origin of continued bullishness. Bitcoin is in a situation where it has some remaining supports and possibly can also confirm them with a decent probability nevertheless it is crucial that bitcoin really does so and does not fall below the Fibonacci-support in blue again because it will increase bearish pressure and move bitcoin to test the remaining lower levels in the structure marked in orange when bitcoin shows up with this the whole formation can alter into a more bearish one that can lie the ground for a more protracted bearish move to the downside this scenario should not be kept by side and it can only be invalidated when bitcoin manages to form new highs in the structure developed when bitcoin moves above the descending-resistance-line in black it can be the first indication for it. In this manner, thank you for watching, support for more market insight, good day to you, and all the best! "Good luck is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
BITFINEX:BTCUSD
by VincePrince
7
Bitcoins Bullish Journey May Not Be Fully Lost Till Now!Hi, Welcome to the update-analysis about the bitcoin 12-hour timeframe perspective. Bitcoin confirmed the bearish zone properly to the downside and now tested the remaining support anew as it was expected, now as bitcoin found support within the support marked in blue in my chart it is possible for bitcoin to show some up moves from this origin as it is marked in the chart, in this case, it is possible for bitcoin to test the remaining resistance levels which bitcoin has at the 100-EMA in black not to mention the strong upper boundary of the channel still existing as serious resistance. When bitcoin approaches these levels a pullback and ongoing consolidation firstly are more within the likely spectrum than an immediate move above the resistance layers. It all depends on the relative strength bitcoin can build up here, when this is not strong enough and weakens again a push below the support and below the 300-EMA in red can set bitcoin to test remaining supports at the blue ascending-support-line firstly. Otherwise when bitcoin manages to hold the range and gain strength solidly in the level bitcoin can set up the next bull run, in this scenario it is from high importance that bitcoin moves above the 100-EMA sustainably and don't confirm it as resistance anew. When bitcoin shows up with this it can increase the pace again above the upper boundary and show new volatile movements to the upside which can lead to the next wave-count, then it is crucial to bitcoin showing up with the mentioned mechanisms. Currently, all hope is not fully lost yet and there are possibilities for bitcoin to gain strength again till then it is important to keep patient and see how the situation develops, in this case, it is critical to not rush into trades which have no satisfying outcome as it is happening many starters coming out in the wrong position where smart money operators just waiting on the other end and profit from inexperienced traders and the stop-loss-hunts resulting out of it, for a healthy recovery it is really important for bitcoin to not show up into the pullback-extension-zone marked in red where bearish pace increases and bitcoin needs more fuel to recover fully, nevertheless it is currently not the highest possible outcome as bitcoin still trading above support layers. In this manner, thank you for watching, support for more market insight, good day to you, and all the best! "A substantial mind becomes a substantial fortune." Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
12
Bitcoin, Since Bearish Declines, These Outcomes To Consider Now!Hi my friends, Welcome to this update-analysis looking at bitcoins 4-hour timeframe perspective, the recent events, the current formational structure and what we can expect the next times. As bitcoin fell below the ascending-channel-formation as expected and completed the upside wave-count it now tested the remaining support which is a crucial reference point in the still remaining structure. Now a big question, which is also confirming the view on the bigger timeframes and technical analysis, is if this structure can hold sustainably and bitcoin manages to move to the upside from here anew or bitcoin visits lower levels again, even then it is important that bitcoin shows certain mechanisms, therefore I detected the important levels and possible outcomes we should consider at the moment, for now, we should not over speculate the situation and look what the market can do and on the contrary what is a lesser likely outcome. Looking at my chart you can watch the 700-EMA marked in blue where the price bounced since the bearish breakdowns established here, by the way, it was a great point to cover the profits of shorts which we also realized within the channel. Now as bitcoin confirmed this EMA firstly as support which is also matching with the horizontal in this level bitcoin has the potential from here to stabilize further to test the remaining resistance in the structure which it has at the 200-EMA level, when bitcoin tests this level the more likely scenario is the first pullback from there before a new test can occur, overall bitcoin needs to take out this EMA to show bullish continuation within the bull zone marked in green otherwise when bitcoin does not show up with this and mingles marginally in the structure it will increase the possibility for continued bearishness and a next leg to the downside. Considering the bullish stabilization scenario it is highly important for bitcoin to do not fall below the orange box marked in my chart as below this level bitcoin can move on further and test remaining support on validity, overall bitcoin needs to hold the grey dashed falling trendline considering any bullishness here, below this trendline it will be a high bearish pressure when bitcoin closes in the bear zone. Currently, it is important to wait and don't overextend the market as this is happening to often these days, bitcoin made a leg to the downside, now bitcoin firstly needs to allocate itself before showing any other direction at the end of the day. Compared to other cryptocurrencies bitcoin is certainly one of the stronger coins at the moment as it is holding above the established support while others are below them, it will be interesting how further developments show up here. In this manner, thank you for watching, support for more market insight, good day to you, and all the best! “Patience is the road to wisdom.” Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
8
Bitcoin Weekly Structural Allocations! Hello Traders Investors And Community, Welcome to this update-analysis where we are looking at bitcoin weekly timeframe perspective, the recent events, the current formational structure, what we can expect next times and how possible outcomes can look like. Bitcoin now bounced on the weekly chart in the important back-up-cluster I mentioned previously and is testing the level anew, this will be crucial as it is important to anticipate if this level can hold sustainably or bitcoin will firstly visit lower levels in the back-up-cluster before stabilization can fully take place here. In this case, I detected the important levels and possible outcomes we should consider for bitcoin at the moment, and firstly there are some meaningful mechanisms to show up for bitcoin forming the proper stabilization otherwise the bearishness is a result following up. Looking at my chart you can watch bitcoin now bounced at the psychological 10.000 USD and in the back-up-cluster, now as the price is testing this range again and the prcie-action looks rather bearish on the smaller timeframes and also now on the higher timeframes this will be critical because when bears increasing pressure to the downside further bitcoin can revisit the back-up-cluster again, basically there are two possible outcomes in this structure now, the first is that bitcoin manages to hold the current range and stabilize within it to form decent upmoves which going to test the remaining upper resistance levels and the second will be that bitcoin moves below the support and visits the remaining support in the blue zone marked in my chart. When bitcoin does not manage to hold this support consiting of the EMA and the rising support the bearish pressure will increase when bitcoin closes into the bearish ground zone in red where several supports will be broken and the bears will increase with their pace. The next times will show if bitcoin has the stength to hold the established support further and form upmoves from here or it sets up to test remaining supports as mentioned, both scenarios can lead to a testing of the resistance. In comparison to the rest market bitcoin currently is one of the strongers as it is trading above support on the weekyl chart where others are clearly below it, however bitcoin needs to show up with the proper price action that the bullish case can increse further. For now we need to keep patient and see how the bitcoin develops further here, nevertheless bearish case should not be underestimated as the pull backs arent over for now it is important to recongize this to do not get overwhelmed by circumstances as it is happening too often these days resulting in bad trades which should be avoided for a sophisticated trader at the end of the day. In this manner, thank you for watching, support for more market insight, good day to you, and all the best! “Good luck is when opportunity meets preparation.” Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
3
Bitcoin Entered Next Markdown-Phase, These Are Important Levels!Hello Traders Investors And Community, Welcome to this update-analysis, we are looking at the bitcoins 4-hour timeframe perspective, the recent events, the current formational structure, what we can expect next times, and how to possibly handle the situation appropriately. As previously mentioned bitcoin had a high possibility to confirm the distributional channel it has within the major channel anew, this is what happened now and the fact that bitcoin just touched the distributional channel marginally makes the bearish reaction followed up with it an increasingly stronger one which should not be kept by side and normally it makes a continued bearishness more likely this is why as bitcoin now showed up with this meaningful move there are some other objectives and possible outcomes we should consider at the moment, therefore I detected the important levels and likely scenarios we should consider in this situation. Looking at my chart you can watch the bear-flag which bitcoin now purposefully confirmed in the schedule to the downside, furthermore, bitcoin now has formed this descending-resistance-line marked in blue where bitcoin has strong resistance, besides that bitcoin has the 300-EMA resistance which previously support, this resistance cluster now building a coherent resistance cluster here marked in red, when bitcoin visits this area the potential for a bearish move to the downside is given high and it should be more expected for now than the bullish stabilization above it, when bitcoin shows up with the bearish case it will continue till there is support found which is likely to be the lower accumulational channel marked in green, where bitcoin can bounce properly in the schedule and stabilize, important here is that bitcoin really bounces there and does not close below it, however as there is still demand lying this can be expected. As bitcoin now made the expected bearish move we need to keep calm and look what is the current situation, as bitcoin followed up bearishly this does not mean bitcoin is fully bearish on the bigger timeframes also, we should keep in mind that bitcoin showed high bullishness before and that this may not be over, therefore we need to look for possible stabilizations and levels where the middle and longer term can proceed, in comparison with the altcoins bitcoin is really a stronger one at the moment as many altcoins forming really bearish formations and looking for more downside this should not be kept by side here, besides that it will be interesting what the dollar is doing now when it is going up this can increase the pace to the downside within the cryptocurrency and can unload in critical bearish movements, it will be interesting to see how the market develops further here. In this manner, thank you for watching, support for more market insight, good day to you, and all the best! “Good luck is when opportunity meets preparation.” Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
4
Bitcoin, This Direction Has A Higher Likelihood Now!Hello Traders Investors And Community, Welcome to this update-analysis where we are looking at bitcoins 1-hour timeframe perspective, since the last time I looked at this timeframe with bitcoin there has changed something important in the structure, as the EMA-support bitcoin still has within the 100-EMA marked in red held properly and bitcoin right away bounced at the EMA and the neckline to the upside, this was a more bullish move and the possibility for a bullish confirmation of the head and shoulder formation rather than a bearish breakdown has increased now, if you did not watch this analysis already I highly recommend that you watch it by going to my account to have a full-depth-overview, previously it had been two possible directions in which the bearish one was still not the more likely this just became clearer now as bitcoin bounced at the important level, it is what we need to assess when considering trading as it is always important to wait for the proper confirmations before going in any direction for sure as people often tend to overspeculate in only one direction seen to often these days this can prove fatal in the end. For bitcoin now this does mean that it has opened some good possibilities to firstly continue bullish in the structure here, furthermore, it has to move above the falling resistance line marked in grey in my chart, when bitcoin finally completes with it this can provide a decent entry set up as it is marked in my chart, when bitcoin moves above the level the head and shoulder formation is bullishly confirmed and we can expect the higher levels to be reached with an increased likelihood within bitcoins schedule. When bitcoin has reached the overall upside targets at around 11250-11275 it has to be elevated how bitcoin reacts in this level as there are resistances which should not be necessarily underestimated, bitcoin needs to show if it has the strength to move directly above this level or firstly form a pull-back to lower grounds. What is important here is that we keep cool and look at how bitcoin reacts then to then assess the marked appropriate and be prepared on possible upcoming volatile movements also in the reverse perspective, it will be interesting how bitcoin shows up with it. In this manner, thank you for watching, support for more market insight, good day to you, and all the best! “The ambition to transform opportunity into gold remains the most significant tool for a trader.” Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
12