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Bitcoin-trading

Bitcoin Below Major Trendline, Possibilites Ahead!Hello Traders Investors And Community, welcome to this analysis about bitcoin 12-hour chart where we looking at the perspective which is confirming bitcoin current established more bearish than the bullish state on the short-term, which does not necessarily mean bitcoin is completely bearish on the longer perspectives like middle or long-term. Bitcoin awaited a bigger pull-back and the possibility for fake breakouts increased since bitcoin moved in this consolidation between 10630 and 12450, in this current structure I detected some other signals which making it clearer in which direction bitcoin heading now and playing into the established bearishness on the short-time-perspective, therefore let's look into the chart. Looking at my chart you can watch there that bitcoin fell below its major support/resistance line which is the trendline marked in grey, this line was confirmed previously several times as support and is now strong resistance as bitcoin fell below it, furthermore, bitcoin has resistance at the 40-EMA marked in red which it also confirmed recently, taking these factors into consideration bitcoin will do another leg to the downside as it is also confirming several bear-flags in the shorter time perspectives, this leg to the downside can go to the blue level you can watch in my chart between 10620 and 10800 which is also supported from previous price-action and bitcoin has the possibility given to back-up in this level as it is marked in my chart. When bitcoin moves on with the more likely leg-down scenario which is given currently it has to be elevated how price reacts in the possible back-up-zone and if there can be a sustainable stabilization or more downside ahead. I know there are many people believing in the crypto bull-market and only think in one direction, nevertheless, this can prove fatal when prices move also in the reverse direction, as smart-money operators just waiting on the other side to take advantage of the delicious positions lying around. Therefore we should not ignore the warning signs bitcoin is sending there in order to not get overly speculative and be prepared when the prices change direction as it happened the last times, this is what is significant and can prove worthwhile for sophisticated trading these days. In this manner, thank you for watching, support for more market insight, all the best! Information provided is only educational and should not be used to take action in the markets.
BITFINEX:BTCUSD
by VincePrince
1
Bitcoin, Outside Suggested Level Now, What To Expect Next!Hello Traders Investors And Community, Welcome to this update-analysis where we are looking at bitcoin 4-hour timeframe perspective, the recent events, the current formational structure, what we can expect next times, and how to handle upcoming situations appropriately. Since last time bitcoin confirmed below the important rising blue trendline which was a meaningful level to hold considering further bullishness, which bitcoin did not and either confirmed into the bearish-zone where continued bearishness was expected which bitcoin showed up with. Now I found some significant signals in the current structure we should consider now to anticipate the next movements ahead correctly. Looking at my chart you can watch there that bitcoin is now clearly trading below the 100-EMA in black and below the rising blue trendline which was previously support is now strong resistance, furthermore, the fact that bitcoin is trading below the point of control marked in red within the structure making this level a second resistance-cluster. When bitcoin approaches these levels next times which is possible as bitcoin is forming some marginal uptrends to test these levels there is a high possibility given that they confirm bearish to the downside as it is seen in my chart, such a bearish confirmation can happen firstly at the 100-EMA or secondly at the point of control level together with the trendlines as it is marked in my chart. Overall bitcoin has established strong layers of resistance which should not be ignored in this range when bitcoin confirms these resistance levels as expected which is currently the more likely scenario it will move on to test remaining support which bitcoin has at the 200-EMA marked in green, when bitcoin reaches these levels there are basically two ways, one is a recovery and visit of higher levels or a continuation in the range and the second is a bearish break below the 200-EMA which will cause increased bearish pressure to the downside with a high possibility, overall bitcoin has more potential to gain more bearish momentum as this confirms also with the higher timeframe perspectives and the strong bearish signs established here. In this manner, thank you for watching, support for more market insight, all the best! "Astonishment is the basis of reverence." Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
8
Here Is Why Bitcoin Could Follow The Same Accu-Schematic Now!Hello Traders Investors And Community, Welcome to this analysis about why bitcoin could follow it's previous established accumulation-schematic now again just in a smaller amplitude and length. As bitcoin stopped primarily with its uptrend and now correcting it will show if this correction forms into a bigger pull-back or we get really the same accumulation schematic bitcoin provided already before it made its huge bounce above the massive 10.000 USD resistance. In this case, I detected some amazing similarities to the last accumulation-schematic and the next steps which can follow up over the course of next time into the completion of phase B which provided the confirmation to higher levels already in the last accumulation schematic. Phase A: As you can watch in the first accumulation schematic phase A marks the preliminary stopping of its established uptrend where it formed a wave-count of 4 consisting waves, the waves 1 and 4 forming an upper trendline and the waves 2 and 3 a lower trendline, these lows and highs forming somewhat of a wedge-formation and marking the follow through to the next steps in the structure, bitcoin has formed exactly the same formation with the consisting steps a second time now just with a smaller amplitude and length as you can watch it in my chart the steps reaching from 1 to 4 are exactly the same as in the first accumulation schematic, this recognition offers a solid understanding of the next phases playing out similarly to the first accumulation schematic. Phase B In this phase bitcoin provided coherent steps to finally confirm the whole accumulation schematic, this phase is consisting of a wave count reaching from A to E with a wave count of three waves to the downside following by three waves to the upside till the wave counts end together with the 500-EMA touch and bounce from there. Till now bitcoin offered nearly the same procedure into the wave B in its schematic where the move below the rising trendline formed in phase A initiated also the next steps finishing wave A and starting wave B as you can watch it marked in my chart, as bitcoin provided now the same steps there is a solid possibility given that it will continue in this manner and form the next waves in the structure B to complete the whole dynamic. Taking all these factors into consideration we have a fractal developing here which has high potential to form as the first one and show the same outcome likely in the structure, which will confirm when bitcoin ends up with the final wave E and bounces from the 500-EMA marked in orange, in this case, it is important that bitcoin does not fall below the 500-EMA again which can possibly follow through with increased bearish pressure that can alter the established fractal dynamic and show an anomaly to the first fractal possible is also a longer wave count to the downside where the waves getting bigger in amplitude before finishing, nevertheless, bitcoin has also some solid supports further down in the structure which also confirming these scenarios which can exclude a complete bearish market next times and playing more into the accumulation schematic dynamic. In this manner, thank you for watching, support for more market insight, 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
Bitcoin, These Are Important Factors In The Established Range!Hello Traders Investors And Community, welcome to this update-analysis where we are looking at bitcoin 12-hour timeframe perspective, the recent events, the current formational structure, what to expect the next times where the journey can go and how to handle upcoming situations in the right manner. Bitcoin now established since a while an overall sideways range where it confirmed above the huge channel formation mentioned was a decisive factor to be taken out, this move above resistance confirmed an overall bullish pace for bitcoin and other currencies, in this current situation I detected the importances of bitcoins structure and what further price-action can wait on us here, therefore it is important to not get overly speculative and wage opportunities, as well as possibilities appropriately and not fall for the speculative approach as this, is happening too often these days. Looking at my chart you can watch there that bitcoin several times tested the EMA structure where it is trading above now and forming some marginal up-moves where we can expect the upper range resistance to be tested next times, this resistance is lying at the 11250 to 12275 level and is marked in red within my chart, this is also a possible short-zone as the bearish scenario is still more realistically, when bitcoin approaches these levels there is a high possibility to confirm bearishly and firstly move bitcoin to test the EMA-structure again before deciding the further directions when bitcoin does that there are basically two possible outcomes either bitcoin moves up in the structure to form a new high above in the range where the danger for a possible bull-trap increases or bitcoin falls below the EMA-structure and into the bearish-zone to test remaining support at the upper boundary of the channel marked in my chart. The next times it is important how bitcoin reacts to resistance here and if it is a sudden pull-back or a smoother one where it tends to further its consolidation, the next times will show how this plays out nevertheless as bitcoin has this huge resistance and did not complete its wave count yet the increased bearish pullback is more likely which is also confirming with structures bitcoin has on the higher timeframes. This does not mean bitcoin is completely bearish however we should not ignore this tendency that bitcoin will show up the bigger pull-back sooner or later here, this means anticipate this to be ready when circumstances changing. It will be interesting how bitcoin reacts in the bearish resistance zone to further the next possible outcome rightfully we need to be prepared on a stronger bigger pull-back in order to not get overwhelmed where smart money operators take advantage of these days. In this manner, thank you for watching, support for more market insight, 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.
BITSTAMP:BTCUSD
by VincePrince
13
Ethereum, Volatility In Structure Can Edge Further Alignements!Hello Traders Investors And Community, welcome to this analysis about ethereum daily timeframe perspective, the recent events, the current formation importances, and what to expect next times in order to do not overspeculate the situation as this is often seen these days. The cryptocurrency market, as well as the major currencies, provided some solid growth the last weeks before going into the sideways range in which they are trading now, firstly on the front ethereum with an exceptionally high exponential movement providing a strong impulse wave which moved above several resistance levels into the range where it is trading now, this established bullishness cant be kept by side and there are some reasonable facts I detected providing a possible continuation of this established bullishness, nevertheless, there are important mechanisms ethereum has to confirm which we should consider in the current structure. Looking at my chart you can watch there this major ascending-channel marked in blue which ethereum confirmed bullish to the upside with its protracted uptrend, this ascending-channel serving as an meaningful reference point for further support considerations here and has a good possibility to hold when tested. Currently, ethereum is moving in a moreover sideways range and correction which is normally seen after such high volatile movements. As you can watch in my chart it is currently forming the ABC correction wave count where it has the next significant support at the 61.8 % Fibonacci-level seen in my chart which is also coherently matching with the upper boundary and 100-EMA together building a support-cluster here where a bounce to the upside is within the high possible spectrum when ethereum approaches these levels next times to set up the major wave 5 of the wave count it is trading in. Overall ethereum is in a situation where it is retracing the former established bullish move which can result into the next wave that can lead to the 1.618 % Fibonacci-extension-level seen in my chart, where the wave count firstly can stop to reverse as there are also strong resistance levels lying that can be confirmed when ethereum approaches these ranges. When this happens the upper boundary of the ascending blue channel will be the next initial support together with the orange support/resistance level marked in my chart, when ethereum approaches this it is important to hold them and don't fall into the channel and below the 100- or 200-EMA again because when this does happen the bearish pressure increases highly possible and ethereum will firstly visit lower levels within the structure, will be interesting how ethereum reacts into these ranges. In this manner, thank you for watching, support for more market insight, 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 market.
BITSTAMP:ETHUSD
by VincePrince
5
Will Bitcoins Wedge-Target Be Reached Before The Alteration?!Hello Traders Investors And Community, welcome to this analysis about bitcoins daily timeframes perspective, the recent events, the current formational structure, what to expect the next times, and how to handle upcoming situations appropriately. Since bitcoin moved above its 12.000 USD resistance and formed a bull-trap it is trading in a critical range where it has to decide whether it reaches the broadening wedge target mentioned firstly or directly moves to the remaining support zones in the structure, both ways will provide minimum a pull-back to lower levels as bitcoins volatility weakens and the possibility for fake breakout increases this can be early warning signs that a key pull-back will follow up with next times, this does not mean bitcoin is fully bearish but the established bearishness should not be kept by side. In this case, I detected the important levels we should consider now. Looking at my chart you can watch there that bitcoin is trading in this marginal parallel channel which marks the higher lows and higher highs in the structure, as I mentioned already in past analysis bitcoin is also forming a possible rising wedge formation here which confirms coherently to the structure, this means bitcoin can even move some higher before fully forming a bigger pull-back, these up moves can create sudden bull-trap as this was also the case the last times with bitcoin moving above 11900 and after that above 12300 before pulling back into the range again, such a scenario can happen again with bitcoin moving above the last established high even into the broadening wedge target zone which still exists since the broadening wedge has confirmed, when this happens we should not become completely bullish as there are strong resistance levels lying increasing the possibility to pull-back. Basically there are two possible ways with the same outcome here for bitcoin , the first is that bitcoin moves higher in the current structure to confirm the still strong resistance at 12300 and forms a pull-back within there which will point to the remaining supports marked in my chart, the second way is that bulls are strong enough and push above the upper boundary of its marginal channel and confirm the broadening wedge target before forming a pull-back, in this second scenario the pull-back can be not that strong and with lower volatility but it should not be ignored in either case. When bitcoin reaches the back-up-cluster marked in my chart it has a solid possibility to stabilize there before moving back up, in this case it is important to hold the 10250 and don't close below it because this will increase bearish pressure, nevertheless, the reversal is more possible as there are significant supports lying down. In this manner, thank you for watching, support for more market insight, all the best! "If you have the conditions, you get the results." Information provided is only educational and should not be used to take action in the market.
BITSTAMP:BTCUSD
by VincePrince
3
Cryptocurrency Trend Continuation Trade Setup Tutorial: POWRBTCFor the daring, can take this trade setup even though it's not ideal by my rules. I'm personally going in with a small percentage of my typical position size just to see how things work out. This is not financial advice, please do your own Due Diligence. I'm just sharing my personal trades. I will be posting ideas on a daily basis (whenever there are trade setups that meet my criteria). Please do like, subscribe, and comment so you can get real time updates. Thanks.
by cryptotraderog
Bitcoin MM-Bands Bringing Clarity Into The Situation!Hello Traders Investors And Community, Welcome to this analysis where we looking at an important indicator within bitcoins 2-day timeframe perspective which are the mayer-multiple bands I found a strong tool to analyze bitcoins current market condition based on historical price-data and according to this the comparison of bitcoins past to the current situation where I detected some interesting and worthwhile facts important to consider now. The analysis helping to show what bitcoin can do, what bitcoin can not do, and where it can go ahead in its actual state. As many people getting completely bullish at the moment there are some signs we should consider now and what are best applied derived from other technical factors I showed last days ago which can add to a coherent assessment of bitcoins market conditions which are meant to consider bitcoin next outcomes in destiny. Mayer-Multiple-Bands: As you can watch in my chart the bands showing greatly well the current state of bitcoins price-action as they from the overbought condition to the oversold condition together with letters A - F all together with equilibrium coming into 7 stages, mayer-multiple-bands are the multiple of the current Bitcoin price over the 200-days moving average. Furthermore, they are serving always as important resistance and support levels as it can be watched also in past price actions when the price consolidates into one band and moves on it will show a heavy breakout and increase in volatility within a high possibility. Also, the extremums of the bands which are marked in my chart with the peaks and valleys provided by bitcoin will show a shift in price and a heavy reversal when they are reached, there was always a heavy reversal following up when either the upper overbought band or the lower one was reached. Current State Of Bands: As you can watch in my chart the bitcoin price currently moves within the middle-channel of the bands which is actually the transition-phase from bearish to bullish or bullish to bearish with the equilibrium line marked in green within the middle, currently, bitcoin is still in the bearish state of the equilibrium-channel and has the green line right above which can mean bitcoin can tests this line the next times and as you can see in my chart this line tends to confirm as support and resistance therefore here is a higher likelihood given that the line confirms as resistance, this does not mean bitcoin can not transfer into the bullish state of the channel but this can mean that bitcoin shows up with a pull-back or a consolidation here before moving finally above the equilibrium line into the bullish state, what is also possible that bitcoin firstly tests the yellow lower boundary before moving up again. Outlooks: Since bitcoin is in the transition phase and in the equilibrium channel coming together with other technical factors a break above the equilibrium line will move bitcoin into the bullish state where it will test the upper boundary of the equilibrium channel and has some good potential to move above this, as history showed when bitcoin moved into the bullish extension state there was always an ongoing growth in price to the boundary of the bullish extension and finally into the overbought area which was also the point in 2013 and 2017 bull market. Remember that it is important for bitcoin to move into the bullish state and confirm above the green line before moving onto the next states. When bitcoin tests the green equilibrium line and consolidates there it will give a solid potential to move into the bullish state further otherwise bitcoin needs to hold the grey trendline and the lower boundary of equilibrium channel. The next times will show how bitcoin will react to the green equilibrium line which can firstly confirm as resistance as I show also with other technical factors in my analysis, it is possible for bitcoin to form a smaller when not bigger pull-back the next times to test the grey trendline seen in my chart and the lower boundary of the equilibrium, this will be an important point in the structure which need to be held because when moving below the boundary into bearish extension this increases the possibility to the downside, nevertheless, bitcoin has still remaining strong supports in this range and coming up together a bullish continuation is more possible than a bearish, the next times will show how big a pullback can look like to confirm the lower boundary of equilibrium channel to finally move ahead above the green equilibrium line which will give a strong signal as mentioned in bitcoins ongoing developments. In this manner, thank you for watching, support for more market insight, all the best! "Chronicles manifest the most reliable data in determining destiny." Information provided is only educational and should not be used to take action in the market.
BITFINEX:BTCUSD
by VincePrince
11
Determining Range Building For BITCOIN In The Current Circuit!Hi my friends, Welcome to this update-analysis about bitcoin 4-hour timeframe perspective, since bitcoin formed the breakdown below the grey trendline mentioned this was the initiation for more possible downside to come and should not be kept by side at this point, nevertheless bitcoin is forming here some interesting signs determining further outcomes, indeed Bitcoin is trading in a tricky range as it fell again into the consolidation, therefore I detected some importances we should consider now which will affect the outcomes further. Looking at my chart you can watch there that bitcoin is now trading below the rising grey trendline and below the 40-EMA in black which was previously supported is now resistance and bitcoin is testing it currently, the next times we can expect bitcoin to move some sideways between the 11580 and 11830 level before it shows up with a decisive move in either the up or downside, it is possible that bitcoin directly moves to the downside confirming the still remaining resistance this can be the possible scenario, otherwise, as bitcoin has some support in the range also at the point of control marked with the red line in my chart where bitcoin has the most volume and which will serve as support and resistance next times where it is currently trading above bitcoin can form some uptrends to visit higher levels as it is seen in my chart, this will be crucial as there are still remaining strong resistance levels lying which bitcoin can confirm bearish when it does not manages to move above. Overall bitcoin can form a smaller when not bigger range here before deciding in which direction it will finally go, for a bullish confirmation it has to move above the 12 K resistance and for a bearish confirmation below the blue trendline marked in my chart in both cases bitcoin will show up with exponential growth as it will move into either the bullish or the bearish volatility zone. The next time will be highly determined here and will show the outcomes but what we still should note is that bitcoin when it breaks to the upside increases with fake breakouts which will pull back into the range just as it was seen the last times. Overall we need to wait on confirmation within the short-term here before looking for a final direction to go ahead with. Bitcoin currently is still in a more moderate state where other cryptos forming more bearish formations that can be ready to move ahead. In this manner, thank you for watching, support for more market insight, all the best! Information provided is only educational and should not be used to take action in the market.
BITSTAMP:BTCUSD
by VincePrince
9
BITCOIN Moving In Precarious Terrain, Here Is Why!Hi my friends, bitcoin moving in precarious terrain, bitcoin has still resistance above in the range at the 12200 - 13000 level, there is still supply lying from past price action formed in the last years furthermore it has rising resistance levels there, bitcoin can move some higher in the range but it will approach the remaining resistance levels increasing the possibility for fake breakouts, the bigger pullback scenario should not be kept by side here this is why we should not overspeculate the situation as many people already becoming completely bullish this can become fatal in such situation as smart money operators just waiting on this measurements, in this case, I detected the importances in the current situation and what we should consider next times. You can see in my chart that bitcoin is building up a possible rising-wedge formation which can be a tricky formation in the technical meaning providing one fake breakout after another while the price is setting up for a bigger pull-back, such formation can also invalidate to the upside as it is the same with the reverse formation to the downside but as there are still the before mentioned remaining resistance levels the possibility for such an invalidation becomes little, bitcoin can move some higher here to the 12800 - 13000 level where you can watch the upper resistance level marked in blue where a possible pull-back can be expected, overall this is can lead to a confirmation of this rising-wedge formation to the downside also confirming the wave count with the final wave E. What is also supporting this scenario here is the low-volatility-circle marked in red normally when the volatility gets lower there comes a reversal with higher volatility as this can also be watched in past price data. When bitcoin confirms below the lower boundary of this wedge-formation with a decisive move there is a high possibility for further continuation given, this does not mean bitcoin will continue forever in this direction, the next remaining support is at the 10K level which was previously strong resistance is now support also coming together with the strong falling resistance line marked in red, when bitcoin approaches these levels it has to be elevated what happens next here. Bitcoin and the cryptocurrency market have confirmed some bullish movements to the upside taking out important resistance levels and showing increased volatile growth, this is completely right, nevertheless, we should take note that bitcoin is in an uptrend since the corona-lows established this year also growing faster than the S%P while showing record numbers in various indicators, taking all these factors into consideration bitcoin is coming into a tricky phase where it can show some up moves but these moves can result into fake breakouts and reverse the downside showing a bigger pull back as mentioned this is why we should anticipate the situation correctly to wage possibilities as well as opportunities in the right manner in order to take the appropriate action when time is ripe. In this manner, thank you for watching, support for more market insight, all the best! "The past like the future is indefinite and exists only in a spectrum of possibilities." Information provided is only educational and should not be used to take action in the market.
BITFINEX:BTCUSD
by VincePrince
8
What We Need To Assess Since BTC Moved Above 12K Resistance!Hello Traders Investors And Community, welcome to this analysis where we are looking at the bitcoin 4-hour timeframe perspective, the recent events, the current structural importances, what to consider next times and with what bitcoin needs to show up for further continuation. Bitcoin has finally moved above the stronger 12.000 USD resistance which was a really fast move which it corrected now with a pull-back into the range, the bigger question now is if this breakout was certainly sustainable and more upside continuation will follow or if bitcoin possibly visits lower levels in the range again which is unlikely currently considering the strong breakout above resistance but should not be ignored in order to be prepared when it is happening and do not get overwhelmed by circumstances, in this case, I detected some important signs which bitcoin should provide further in order to continue its established pace. As you can watch in my chart bitcoin is currently testing the 40-EMA in black which is an important support in this structure as it confirmed already several times in past price-action, therefore this is the first significant support to hold here and when it does we can expect the next move to the 12.000 USD level and above again as it is marked in my chart but when this EMA does not hold and bitcon increases with bullish weakness to close below the EMA the next important support to hold is the rising grey trendline you can watch marked in my chart where bitcoin can bounce and form a recovery up to the suggested higher levels, these two levels of support are important here, when they confirm to the downside bitcoin can increase further which can firstly invalidate the bullish continuation, this scenario is not the highest possible currently but it should not be kept by side as selling pressure will increase below the trendline. When bitcoin shows up with the more likely bullish scenario and manages to move above the 12.000 USD level again it is important here that bitcoin forms a stabilization in the best case with consolidation above the level as it is marked in my chart, this will be a good place to enter the market when also the 40-EMA and the rising trendline coming together forming a solid support-cluster here. Such movements can be traded either aggressively with immediate entry or conservative with entry after confirmation, although the aggressive entry is also possible here the conservative will be much smarter. After that we will see how the situation will develop. Bitcoin has confirmed above the strong resistance nevertheless now it is time to show how sustainable this breakout is and how bitcoin will proceed and how the following up will play out over the course of next times. In this manner, thank you for watching, support for more market insight, all the best! Information provided is only educational and should not be used to take action in the market.
BITSTAMP:BTCUSD
by VincePrince
16
Bitcoin, Bounce In The Range, Decisive Formation Building!Hello Traders Investors And Community, welcome to this update-analysis where we are looking at the bitcoin 2-hour timeframe perspective. Since the last time bitcoin confirmed successfully the determined possible short-entry zone to the downside, which was expected as there where still layers of resistance lying. Now bitcoin bounced to the downside and into the 30-EMA where it is holding some support, the big question is now if bitcoin manages to hold this support sustainable, builds upon this to go ahead and form new highs or if bitcoin closes below the EMA and firstly visits remaining support in the range to test it as bitcoin has already done in the structure before. In this case, I detected some important signals meaningful to consider now and what bitcoin has to do for an ongoing stabilization. Looking at my chart you can watch bitcoin now building this triangle-formation marked in red where it is consolidating above the 60-EMA and the upper resistance, such movements either they occur now on smaller timeframes or higher timeframes are known to show up with a final breakout which will be the stronger the longer the price stays in the consolidation. We saw such movements already in past price-action and although these formations are known to confirm in the direction which they came from this is not totally clear as bitcoin and also other cryptocurrencies also likely confirm these to the downside especially in an overbought or resistance condition. Looking at this fact bitcoin has a higher potential to confirm this triangle to the downside to test the remaining supports also as the correction is not yet over surely. Basically we should keep two confirmational scenarios at hand now, this is important because sophisticated traders wait on confirmation before elevating the proper direction, the first one is a break of the upper boundary where bitcoin also needs to move above the strong 12.000 - 12.200 USD resistance mark this will bring bitcoin in a mainly bullish state where it definitely has some room to move higher, the second scenario, which is the more likely one currently is that bitcoin confirms the lower boundary downside and tests the resistance levels in the range which it has firstly at the grey trendline and secondly at the blue trendline which is important to hold, in these levels bitcoin have some solid potential to stabilize and finally move higher in the range but it is important to at least hold the blue trendline because when falling below bearish pressure will increase in the zone marked. When bitcoin shows up with the more likely bounce back scenario on the short-term this does not mean at all that bitcoin is bearish on the middle and long-term, it has there some good supports from which it can build on but as the sideways movements is still a short time for the trend bitcoin confirmed this can go on for some longer and we should not keep this scenario by side to not get overwhelmed by circumstances when this is happening. Many people are completely bullish at the moment, yes bitcoin can directly move above resistance and form new highs but normally this is too much of a short-time where bitcoin still can go on with its correction and smart-money operators just waiting on the other side to trap the public this is why we should not underestimate the current range and overall keep the reverse perspective to look how bitcoin is reacting in the support-zones. In this manner, thank you for watching, support for more market insight, all the best! Information provided is only educational and should not be used to take action in the market.
BITSTAMP:BTCUSD
by VincePrince
7
Here Is Why Bitcoin Is Not Yet Ready To Move Above Resistance!Hello Traders Investors And Community, welcome to this fundamentally important analysis about bitcoins weekly timeframe perspective. The last week's bitcoin confirmed heavily above the huge 10.000 - 10.500 USD resistance with a protracted bullish move where it is now consolidating between the 11100 and 12100 levels where also other important factors coming together. The next times will be decisive and will show if bitcoin has the strength breakout the consolidation and move directly above resistance which is a very unlikely scenario currently or if bitcoin firstly forms a correction when not bigger pull-back before approaching this level again which is a much more possible outcome at the moment as I detected in my analysis. Resistance-Cluster: As you can watch when looking at my chart is that bitcoin approaching this preliminary significant rising resistance-line which confirmed already successfully several times in the past as a solid and successive Support/Resistance-Level, the fact that bitcoin stopped at this level and also confirmed the 11900 - 12100 resistance it has on the smaller timeframes bearish make this level a strong resistance-cluster marked in my chart in red. It is possible that bitcoin takes this resistance directly out and moves higher but this possibility is currently extremely marginal as bitcoin is also still overbought, it is more likely that bitcoin firstly confirms bearish in this range and shows more downside pressure over the next days and weeks to come. Back-Up-Cluster: The back-up-cluster you can watch marked in my chart in the blue area is consisting out of the two descending trendlines formed by the tops in bitcoins established price-actions. Furthermore, it consists of the Fibonacci-supports 23.6 and 38.2 it has in this level providing additional support in this structure and also the CME-gap level which is a high possible level to reach as bitcoin has shown this several times in the past with successful gap-fills. At least there is also coming the 60-EMA, all these factors making a high-potential back-up-zone there where bitcoin has a great likelihood to stabilize and move up again, when the bearish signals coming in this level needs to be elevated as the first base of meaningful support. Conclusion: Bitcoin is in a situation where it is still not ready to move fully above resistance and higher, before this the correction seen in my chart is likely to show up which can be used as a potential accumulation-zone for smart-moneys. This pull-back does not mean bitcoin is completely bearish as there are great potentials to back-up, when this happens and bitcoin confirms it as solid support it has potential to move higher again, but when bitcoin falls below this level the possibility for increased downside is given and should not be ignored in this case, therefore it is important to look what bitcoin will do when the levels are reached. It will be highly interesting how this whole structure and mechanisms playing out. In comparison to the stock-market which has also shown high declines and downside volatility due to corona this year, which also recovered similarly to bitcoin we can take note that bitcoin reached higher levels and pre-crash-conditions faster than the stock market, when looking at the major S&P it is now taking out the highs established before the corona crashes which bitcoin already did. When looking at this structure we should keep in mind that new corona measures due to an increase can follow up in selling pressure similarly to these seen this year already affecting all global markets otherwise there is no barrier for continued growths given when bitcoin has corrected and stabilized in the range. In this manner, thank you for watching the analysis, support for more market insight, good weekend and all the best! "Prospect is the ingredient of determined prosperity." Information provided is only educational and should not be used to take action in the market.
BITSTAMP:BTCUSD
by VincePrince
10
Bitcoin, Approaching Critical Range Once More, Important Level!Hello Traders Investors And Community, welcome to this analysis where we are looking at bitcoin 2-hour timeframe perspective, the recent price action, the current formation building, what to expect the next times and how to handle the upcoming situations in the right and appropriate manner. The last days bitcoin confirmed its huge resistance mark at the 12.000 USD level once more to the downside, which was, by the way, a good trade on the short-side within the elite trading channel where we entered before the huge downside volatility set in, now bitcoin has stabilized but it has still strong resistance levels above which should not be ignored. In this case, I detected some important signals which will determine the further outcomes of bitcoin. Looking at my chart you can watch there that bitcoin just moved above the 60-EMA which was an important step in this stabilization and an indication for some more upside to come. The next times we can expect bitcoin to touch this EMA again and then bounce from there as it is seen in my chart, it is important that bitcoin bounces in this level and holds it to move higher otherwise when bitcoin closes below the EMA it will lie the way for increased bearishness to the downside and further downside actions. But when everything goes well and bitcoin bounces in this level we can expect to move higher in the range at least testing the remaining resistance bitcoin has in the range at the 12.000 - 12.200 level marked in red in my chart. When bitcoin moves as expected and approaches the resistance mark a third time it is highly possible that bitcoin bounces bearish to the downside in this level, therefore, this can be a possible short-entry looking for minimum targets at the 60-EMA, when this level does not hold and bitcoin falls below it bearish pressure will increase at least testing the grey trendline if this does not hold the higher-low trendline marked in blue within my chart will be the next one, this is the last important support to hold and when it has crossed to the downside bearishness will take over and bitcoin will fall more approaching lower downside targets, in this case, we should not ignore the importance of these levels in order to anticipate possible trend changes. In this manner, thank you for watching the analysis, support for more market insight, all the best, and good weekend! ;) "All progress takes place outside the usual expectations." Information provided is only educational and should not be used to take action in the market.
BITSTAMP:BTCUSD
by VincePrince
24
Bitcoin, Bears Pushed Below Support, Here Is What To Consider!Hi my friends, Welcome to this update-analysis where we are looking at bitcoins 12-hour timeframe perspective, recent price-actions, the current structural importances, and what we can expect from bitcoin the next time. The important resistance mentioned in analysis before bitcoin build is now broken to the downside confirmed with a strong bearish move, in this case, the downside targets at the CME-gap level pointed out are now likely to be reached in the schedule as bitcoin has confirmed its bearish scenario falling below the EMA and trendline support. Currently I detected some other highly important signals which are also matching to the gap-fill-scenario and should be considered in further developments and bitcoin destiny. Looking at my chart you can watch there that bitcoin broke below the 20-EMA and higher-low trendline supports which transformed bitcoin into an overall bearish edge where the possibility for a bullish continuation increased more. Furthermore, bitcoin has formed a possible double-top-formation you can watch marked with the first and second top in my chart above the red resistance level which bitcoin confirmed bearish to the downside, such double-tops confirm with a break of the neckline to the downside which is signaling further bearish continuation in this scenario with a high possibility. Currently, bitcoin has found some support and forming a little uptrend which is not very strong and which is running into resistance levels higher in the structure, therefore, it is within the possible spectrum that bitcoin firstly confirms these to the downside and shows more bearish continuation when bounced there. When this happens bitcoin can go on to confirm the double top and break below the neckline which can activate downside targets together matching with the CME-gap. Bitcoin is in a situation in which it has more bearish than bullish signs, therefore, we should not ignore the downside potential building up here which can play out over the next times. This does not mean that bitcoin is completely bearish but that the pull-back can increase over time till there is support found and stabilization insight, this can happen at the CME-gap level but it does not have to, bitcoin can also possibly fall more from here when there do not shows up bullish strength in this level. This shows one more time that technical analysis is a empirical science regardless of what academics is stating often and that we should not ignore the pace to not get overwhelmed by circumstances when they show up, this means to trade what one is seeing not what one is thinking in order to take appropriate action. In this manner, thank you for watching the analysis, support for more market insight and all the best my friends. "Prospect is the ingredient of determined prosperity." Information provided is only educational and should not be used to take action in the market.
BITSTAMP:BTCUSD
by VincePrince
7
Bitcoins Third Major Growth-Cycle Is Actually Developing!Hi my friends, welcome to this analysis where we are looking at the weekly cyclical timeframe perspective, bitcoins price-action over the last time, the cyclical movements, the third preliminary cycle actually highly possible developing, what we can expect from this the next times and how to handle upcoming situations in the right manner. The strong breakout bitcoin has shown above its psychological 10.000 USD resistance mark brought bitcoin overall into a bullish shape where a continuation is possible therefore it is important to note what is possible and what is not possible, furthermore, we should calculate a second corona wave into it as this is another factor which can bring unnatural movements to the downside seen in the breakdowns this year. First of all, it is important to note that the price recovered from the corona-breakdowns and managed to climb above the accumulation range you can watch in my chart this was firstly the signal for a possible third major expansion phase starting from the global perspective and the break above resistance showed also the local resistance which increased the possibility for the next expansion phase, you can watch also that bitcoin formed each peak at the top of its expansion channel before it moved into a contraction phase where new accumulations started. This third expansion phase is also matching with the third key halving cycle I mentioned before confirmed with the dip after the halving and the following growth. Taking all these factors into consideration now we should look on possibilities in future terms and where the price can determine, as the peaks building consecutive tops together with the higher contraction-line you can watch marked in my chart the next peak can exactly move to this line when marking the last top in the structure. We will see how this will develop over the next months and possibly year and what is important to look at possible invalidations that can drag the price down locally speaking. But overall as bitcoin has shown some solid volatility there should not be that much barrier in the next times for growth up to the third finishing peak after which another contraction will follow but till this point bitcoin has definitely some room to move. In this manner, thank you for watching the analysis, support for more market insight, and all the best! Information provided is only educational and should not be used to take action in the market.
BITSTAMP:BTCUSD
by VincePrince
8
Bitcoin, Decisive Formation Determining Further Outcomes!Hello Traders Investors And Community, welcome to this analysis where we are looking at bitcoins 4-hour timeframe perspective, the formation it is currently building, what can happen the next times and how to handle the situation especially when a confirmation occurs. Bitcoin is really trading in a significantly meaningful range currently where it has to decide if further outcomes occurring bullish or bearish as this is often the case after such formations we should not ignore the outcome and do not lock into one particular direction, in this case, I detected some interesting points which need to be considered and which can confirm the triangle in each particular way. On the more middle-to-longer term perspective bitcoin shows up a higher bullish edge but that does not mean the market can not fall to lower levels before a back-up can be considered. Looking at my chart you can watch there the triangle-formation bitcoin is building marked in blue with the price consolidating to the upside and also building support with the 50-EMA in red where it already bounced several times till the point where it is trading now and recently shown increased volatility to the downside where it is testing the 50-EMA once again. The next times it is possible that bitcoin will show a longer consolidation in the triangle as it is marked in my chart before deciding in which final direction it is going as it is highly unlikely that bitcoin shows an immediate direction in the condition it is currently trading, a bullish breakout is slightly more possible but it needs to be confirmed therefore the bearish case should not be kept by side. In such situations, it is important to look for the proper confirmation of the triangle as there are factors playing into the bullish as well as into the bearish scenario, therefore the best and secure way is to wait on the confirmation before deciding in which direction the journey will go, this will happen in the bullish case with a move above the upper boundary and a secondary confirmation of it will a bounce-back to the line to move higher, the bearish case will play out with a volatile price-move below the lower boundary and below the 50-EMA this will result in increased bearish downside movements and possible to trade on the short-side, in either case, the best way when considering a bigger entry is to look for the proper price-action in the level before entering. In this manner, thank you for watching the analysis, support for more market insight and all the best. Information provided is only educational and should not be used to take action in the market.
BITSTAMP:BTCUSD
by VincePrince
21
BITCOIN UPDATE, Break Below Support, Reversal Or More To Come?!Hi my friends, Welcome to this update-analysis where we are looking at BTCUSD which is sending some quite interesting signals at the moment as it fell below the two major rising-supports marked in blue as expect it is now somewhat in a shorter recovery since it bounced from its lower support level as suggested. The big question in this whole structure is now if bitcoin bears keeping their established pace to move below important support and show continued bearish pressure or if there is a stabilization in the current range where bitcoin manages to move above the mentioned EMA-support-resistance, in both cases, it is important to wait on the confirmation as this is so often a crucial factor in trading where traders ignore or just getting into high speculative approaches which are leading nowhere. In this case, I detected some possible outcomes and what bitcoin has to show in order to provide the proper scenario that we can take appropriate action, by the way, it is really good to watch our elite channel also profiting in such volatile times with smart short-side entries. Looking at my chart you can examine there that bitcoin just broke below the second major rising-support which is marked in blue and now bounced at the lower support-line in grey where it is consolidating between the EMA-structure, which is the 20- and 50-EMA marked in orange and black and between the lower grey resistance line, in this levels bitcoin currently forms a range where it can either break to the up or downside with continued volatility in the proper direction ahead. When considering the bearish scenario the formation bitcoin is building here can just be a bigger head and shoulder formation which when confirmed will show great selling pressure to the downside where an immediate bullish reversal will do not pop up so soon. In anticipation of the bullish scenario, bitcoin has to move above the EMAs and close there sustainable before considering higher levels to be reached but it is important to take note that there are still strong resistance levels where bitcoin will have a hard time to go above, in this case, the bearish scenario has a slightly higher possibility. In this manner, thank you for watching the analysis, and for your support, have a good day and weekend! ;) Information provided is only educational and should not be used to take action in the market.
BITSTAMP:BTCUSD
by VincePrince
14
Bitcoin, historical and fundamentalGood morning guys Bitcoin took back the crown and sat on the throne. I would like to talk a little about the set of events that have been unleashed in recent months. In previous reviews I discussed at length what halving is and what it brings with it, we talked about the pre halving setbacks that always happen in bitcoin based on fundamentals, in addition to historical PA. Without a doubt, the market has been different since 2017. The P.A is directly manipulated by the settlements of the different platforms that offer leverage. In my extensive analysis of halving (published in November 2019) I defined halving as a key point to start the bull markets in bitcoin. Composed of cycles that lead the market to excel. Historical Bitcoin behavoir during the pre and post halving. From 2011 to 2021. ibb.co Pre-halving retrace #1 ibb.co Pre-halving retrace #2 ibb.co Based on the price history, always after having an ATH we get a pre-halving high (Currently $ 13,175) which has been a historical bear trap. Reviewing the behavior of bitcoin since 2011. Following the pre-halving high we obtain quite significant retracements in the price, called pre-halving retracements. Ours happened on March 16, 2020, leading us to 3,600 in a sharp fall. Followed by our beloved halving that happened in the mid-8500s just over 30 days later. After that, as we explained in our analysis of the halving in 2019. On June 1 we had our first strong bullish impulse, and after the retrace we came in a strong uptrend worth noting. Aiming for a new ATH and completion of the current bitcoin cycle November 2021. We are currently resting on the support of 11600 (where there was a CME GAP that was missing to fill in, it is worth noting) In the 4-hour chart we have hidden bullish divergences, in addition to the EMA20 supporting us and a few bullish indicators. But at this point I think the most important thing to study is the volume, the technical indicators are not very helpful in these P.A. However I think we can get more out of bullish positions. Swimming into the highlighted channel to create a bit of consolidation doesn't seem like a crazy idea to me. Going down a little to 11450. However it will not happen if we manage to hold the price at the current point of 11600, this would lead us to 12300 and 13000. From the bearish side 11400 and 10400 look good as targets, just in case we don't hold up. Pay attention to this moment, we could get a winning position, holding or dropping the current point (If we are looking for a short term trade)
BITMEX:BTCUSD.P
by Altsignals
Bitcoin, Testing Resistance, These Are Possible Outcomes! Hello Traders Investors And Community, welcome to this update-analysis where we are looking at bitcoins 2-hour timeframe perspective, the recent events, the structural-formation, the importance of further outcomes and how to handle upcoming situations and take appropriate action. Bitcoin confirmed the huge global resistance it had properly and made this volatile but unnatural downmove which it now recovers and approaches important levels, now this does not mean bitcoin is completely bullish as it recovered nearly fully the bearish move to the downside, there are still strong resistance levels and not to mention the overbought condition bitcoin has on the higher timeframes, therefore we should not be naive and dont keep the reverse perspective out of sight as this is what to often happens these days. In this case I detected some important illuminations which will determine bitcoins destiny further. Looking at my chat you can watch there that bitcoin just climbing up and forming this first rising-uptrend-line marked in black which bitcoin confirmed as support but what is important currently are the strong resistance levels which bitcoin has and also confirmed several times in the past with heavy volatile bearish downmoves, the first important resistance to mention is the 11930 to 12030 which bitcoin highly likely will approach and after this it is posisble to enter bearish pressure as supply lies down but when this isnt strong enough bitcoin has still some room to move higher to the second resistance which is between 12150 and 12300 marked in my chart, when bitcoin approaches this level it can be a bull-trap as this is still huge resistance and the price can reverse in this level, only when price goes above this level there can be a possible continuation in sight till then we should not ignore these bearish signs in the established environment. What is meaningful in the structure is the 20-EMA marked in black and the first rising-support line in blue, when these two levels are broken to the downside a continuation is highly possible which will sent bitcoin to test remaining support levels in the structure which are the 50-EMA and the second rising-trendline, in this case it needs to be elevated and seen what bitcoin does there, if bulls are strong enough to stablize it can reverse and move higher otherwise when this does not happen and bitcoin also confirms below the second rising-trendline and the EMA bearish pressure will continue within a high possible spectrum. This does not mean bitcoin is completely bearish but it means it has to show how it can stabilize which is very important to not get overwhelmed by circumstance when markets do not move into the suggested direction, this means trading sustainable and dont rely on mere speculation. In this manner, thank you for watching, support for more market insight and have a good day! "Knowing trading is wisdom, knowing the market is enlightenment" Information provided is only educational and should not be used to take action in the markets
BITSTAMP:BTCUSD
by VincePrince
3
Final Phase Will Launch In BITCOINS Fundamental Wyckoff-Cycle!Hello Traders Investors And Community, thank you for joining this analysis about BITCOIN fundamental long-lasting and impactful accumulation Wyckoff-cycle where we will look at the 2 days chart in which I detected the importance of the established cycle details and how these individualities having an impact on bitcoins further determination coming up in the next days, weeks and months. As bitcoin has shown massive selling-pressure due to the corona increase seen this year where bitcoin experienced high selling pressure never seen in the time before, it recovered from it and recently confirmed above the strong 10.000 USD psychological resistance which I mentioned is a huge milestone to move above in order to provide BITCOINs final course of direction. All these events matched to the Wyckoff-cycle BITCOIN was developing the last weeks and months because of this I want to introduce you to the phases and what to anticipate the next times because of this meaningful structure which will go into the final phase now where accumulation ends as mostly smart-money has accumulated. Phase A: This was the very beginning and the initial phase of the whole cycle since the 2019 top was marked at the 13.700 bitcoin moved on with selling pressure as institutions taking profit and supply entered the market also from past price action. This supply entering the market converted into a PS where inexperienced traders entering the market assuming the bull-rally is still going on and providing a smaller rally to test remaining resistance where big institutions initiating there short-positions in anticipation of more bearishness to come, this mechanism ending into an SC (selling climax) where heavy selling occurs to push the price below support in this mechanism public is going to hear of that there can be a reversal but its still not the time where everybody is selling. After this comes the AR (automatic rally) pushing the price some higher as there is still demand in the market from uninformed traders which will not last long as supply is stronger in this range pushing price lower again and still smart-money institutions who entering their short-sells in these levels in order to trap the bunch of retailers in the market. Phase B: In this phase, the cause of a new uptrend is built where there enters selling pressure into the surface and large interests begin to sell their values and short-sell the market, this plays out into a secondary test in phase B (ST) where price pushes below the established support points and forms new lows in increased volatility and momentum meaning that much of the public is selling, this can cause several smaller rallies to the upside which seem strong but can not hold sustainable to form another new uptrend which will last. There can be more than one secondary tests in this phase which bitcoin has shown to us as you can watch marked in my chart with two rallies to the upside which did not last and confirmed to the downside again as high public selling occurs. All this playing into institutional interest as they are profiting of short-selling while waiting on the other end to accumulate new values in order to participate when the public is ripe, in such phases it is important to be prepared on the fake-rallies as they assume that the downtrend is over while accumulation is still going on and there is more to come. Phase C: Bitcoin has shown exceptionally volatility to the downside this year as corona hit all global markets and provided big selling pressures this was especially devastating in the cryptocurrency space as it has normally a high volatility of these events even more increased it which also confirming to the accumulation Wyckoff-structure going on in bitcoin these times where the heavy corona breakdowns also matched with other factors showing heavy selling pressure in a averagely short period of time and provided the spring which was intrinsically significant for the upthrust and recovery which followed, this spring where it was not hard to profit out of a short-sell and accumulation of new values provided the bottom in phase C and moved on to test the structure in order to move on. In this phase, smart-money is deciding either the price can be marked up or more downside can be initiated, this mark-up happened as many people where trapped and the bottom where confirmed at almost 4000 USD which was also a heavily oversold condition in bitcoin compared to past oversold conditions in bitcoin historical movements. Phase D: Here it gets really interesting because this phase will move on to finally confirm important points and is actually good for positioning in the market as rallies follow with the sign of strengths (SOS) and last points of support where the price lacks significant selling pressure as demand is higher converted over supply and now not only smart-money enters but also public in participation, also what was confirming the structure was the consolidation below the 10.000 USD psychological resistance while it was still possible to fail on this resistance bitcoin backed-up to form this decisive Sign Of Strength Above the important resistance which was the needed factor in order to confirm the further movement and Wyckoff-price-action, now we can watch that bitcoin will form a back-up and new last points of supply where it will test the support levels and has a high possibility to confirm them properly as this is also playing into the dynamic of the wyckoffian-cycle. As you can watch also the support of the back-up is matching with the resistance of past price-action in phase A. Phase E: The back-ups and last-points-of-support which lead to newer highs in phase D building up the fundamental groundstone to finally confirm into phase E where higher rallies will show up as crucial demand is increasing where smart-money already accumulated and there are news traders and retailers rushing into providing a new paradigm in price till this phase is stopping, this phase will come when bitcoin has successfully developed the re-accumulation provided by the back-up and last-point-of-support it is currently building. This phase also finally ends up the whole wyckoff-market-accumulation bitcoin has shown over the last weeks and months and therefore it can confirm the uprisings till a new cycle sets in which will be either a re-accumulation cycle or a distribution cycle that will alter the whole dynamic in a new light but till then the phase E can be in expectancy. Now we can watch that bitcoin is just in a strong and established cycle which will highly likely confirm into the next mechanisms and phases into the subsequent months and weeks to come. The move above the important resistance was an important step in order to conform to the upcoming phases and show how bitcoin will proceed, the contiguous times will be highly interesting and it should not be kept aside that there can be highly profitable volatile times ahead while bitcoin isnt the one which it was five years ago as the magnificence has changed there can be more ups and downs in future which is good for traders hedging into the market but it should be noted that the high volatile movements should not be kept to the light shoulder as the tricky price-movements in accumulation phases like these can be highly dicey for traders, in this case, it is important to be attended for the right line up within the market in expectation to a new re-accumulation or distribution cycle enters the surface as the possibility is given that bitcoin shows again these peaks and valleys it has developed in the habitual price-actions. In this manner, thank you for watching, support for more market insight and have a good day! 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
BITFINEX:BTCUSD
by VincePrince
20