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[$ETH] Wyckoff Distribution hypothesis #1Hello everyone, Hope you had marvellous vacations and you took times for yourself! It's almost times to get back to school or work , and during this period, institutions are back as well. Today, i would like to share my view on ETH price actions relative to Wyckoff Distribution Schematic #1 school.stockcharts.com As you can in the previous image, we may get into the Phase D which can lead to the ultimate phase and kick off the mark down. Be prepared. Trade safe, Trade Safe PEACE!
COINBASE:ETHUSDShort
by NicoDCrypto
Bitcoin, Possibilities Since The Bearish Breakdowns!Hello Traders Investors And Community, welcome to this analysis where we are looking at the bitcoin 12-hour timeframe perspectives, the events occurred since the bearish breakdown, and confirmation of the huge head and shoulder top formation. Not only bitcoin but also other major cryptocurrencies like XRP or ethereum established bearish breakdowns closing below important levels of support, this established bearish shape should not be ignored here and now it is a big question if bitcoin is already ready to reverse in the range and move to higher levels or the bearishness will continue and push the price below important support levels, in this case, I detected the important scenarios and levels we should consider now to anticipate further movements rightly to do not get overwhelmed by the massive volatility coming into the market stopping inexperienced traders out of the positions. Looking at my chart you can watch there bitcoin just bounced at the important 10.000 USD support level marked in orange which is a strong psychological support level previously been resistance, as the bearish breakdowns came to this level the bearish trend firstly stopped and little bullish up moves came into the surface not only on the 12-hour timeframe but also on the lower timeframes. As bitcoin bounced at this meaningful support it is possible that we will see upmoves coming into the surface next times as it is marked in my chart, the next times we can expect bitcoin to test the 10.000 USD support mark again and when it holds the possibility to form some up moves and test remaining resistance levels in the structure. When considering a bullish recovery in the current range it is from high importance the 10.000 USD level holds sustainably and that the price does not fall below this level again because this will invalidate a possible bullish recovery and move bitcoin to lower levels in the structure till there is significant support found which bitcoin has at the first time in the ascending-support-line marked in black in my chart. The next times will show what formation bitcoin is building here, when bitcoin will create another bearish formation similar to the head and shoulder top formation like a bear flag or another head and shoulder formation this will increase the possibility for more downside and lower levels to be visited the next times. In this manner, thank you for watching, support for more market insight, good day to you and all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
17
BITCOIN WEEKLY, Breakdown Occurred In Schedule, Next Terms!Hello Traders Investors And Community, Welcome to this update-analysis looking at bitcoin weekly timeframe-perspective, as expected bitcoin confirmed the massive resistance-cluster it had between the 11600-12500 as expected, this level, this move was outstanding awaiting in the schedule and other fundamentals confirmed this also as indicators got very overbought the pull-back scenario was to expect. Now as bitcoin has shown exactly this move and did not manage to form higher highs above the strong resistance-cluster there are some possible next outcomes we should consider here, currently, bitcoin found some support at the first trendline level, nevertheless, there are still downside possibilities with bitcoin, therefore, I detected the next possible steps and outcomes. Bitcoin Situation: When looking at my chart you can watch there that bitcoin is currently approaching the first falling trendline range where the trendline is marked in grey in the chart, this is a first important support level which can hold in the structure and where bitcoin can bounce as the outlines are marked in the chart, this bounce, however, will run into resistance which bitcoin established here, together with the supply entered the market this will provide an overall setup for the next leg to the downside which can move bitcoin into the back-up-cluster marked in blue in my chart, where bitcoin has the possibility to back-up and gain strength before stabilizing, it is the cluster where many supports coming together and also building on the smaller timeframes. Outlook: Considering bitcoins serious and strong established bearishness which was awaited as there where more than one resistance coming together the possibility for continuation is currently extremely high, this continuation to the downside will pursue till there is significant support found that can reverse the whole dynamic, in this case, the back-up-cluster will be a preliminary reference point in which bitcoin can stabilize, back-up and move to the upside again as it did before. In this scenario, it is from high importance that the support we have in the cluster really holds and that bitcoin does not fall below this levels again, when this happens bitcoin will increase the bearish pressure further. -> Conclusion: As many people became completely bullish and stated bitcoin will never visit lower levels again this was an important fundamental mechanism now showing up in the market, what we should remember in such situations is that high volatile markets like cryptocurrency can change within times and that it is not the best option to just think into one direction that everything goes well as this is what smart money operators on the other side just waiting for. It is important to not get overly speculative and wage the possibilities and opportunities correctly, a meaningful factor also for the profits in the elite channel. Now as bitcoin came up with this established bearishness this does not mean that it will go on forever, we will see how the scenarios and mechanism play out mentioned and when bitcoin can have an alteration. 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 traders." Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
14
Bitcoin, Touched The Trendline, These Scenarios To Consider Now!Hello Traders Investors And Community, welcome to this update-analysis where we are looking at the bitcoin 4-hour timeframe perspective, the recent events happened, the current formational structure, the basically possible ways of outcome we can expect from bitcoin here and how to possibly handle the particular situation appropriately. The strong resistance-cluster bitcoin had higher in the structure mentioned with the huge possibility to confirm to the downside now done so and the EMAs with rising blue trendline did not hold, this gave the signs for more downside to come to the point now where bitcoin touched the second rising trendline and bounced a little from it, this trendline is crucial in the current structure and will be important for further outcomes, therefore, will show bitcoin continues bullish to the upside or breaks to the downside, in this case, I detected the important levels and further scenarios in destiny. Looking at my chart you can watch there that bitcoin formed now some little up bounces from the blue rising trendline which can also be seen on the lower timeframes, normally after such mechanisms happening the trend will either reverse in the structure or move further to the downside as you can watch the bullish and bearish-continuation-zone marked in my chart. When bitcoin manages to hold this trendline and form the further movements as it is seen in my chart the price can move above the EMA-structure to confirm in the bullish-continuation-zone, this however is not the most likely scenario currently as the bearish breakdowns where just to strong and there are still these solid resistance levels lying consisting of the EMAs and horizontal resistance, when the resistance levels confirm properly and the trend moves on to the downside the bearish continuation is overall more possible than the bullish one. In this situation at the moment, it is important to wait on the proper confirmation before establishing in the proper direction, as you can watch it marked in my chart the bullish confirmation will occur when the trend moves above the 40-EMA marked in orange this will confirm bitcoin in the bullish-continuation-zone, on the other side the bearish confirmation will show up when price moves decisively below the rising blue trendline and closes there as it is marked, when this happens there will come bearish pressure with a high possibility, overall we can count these possibilities to a more possible bearish scenario with 55 % and on the other side the bullish scenario with a possibility of 45 %, as many people becoming bearish at the moment this is possible, however, it needs to confirm with the proper price move before that we should not over speculate the situation. In this manner, thank you for watching, support for more market insight, good day to you and all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
12
Bitcoin Established Bullishness But Its Running Into Risistance!Hello Traders Investors And Communities, welcome to this analysis where we are looking at the bitcoin 4-hour timeframe perspective, the upcoming events and what is important to note in this structure to be prepared properly. As many people becoming completely bullish again we should see that bitcoin established the bullishness currently on the short-term and 4-hour timeframe perspective, however, there are still important resistance levels in the structure and the scenario for a bigger pull-back should not be kept by side as the correction did not concretely finish yet. When comparing bitcoin to other currencies like for example etherum it is a fact that it is still in a more corrective sideways mode which needs to show up with the proper outcomes firstly before concretely deciding which direction can be measured, if bitcoin breaks bearish to the downside this does not necessarily mean bitcoin is completely bearish. When elevating my chart picture you can watch there that bitcoin made this volatile move above the further established resistance and also provided this bullish engulfing candle confirming the 60-EMA in orange and the 100-EMA in black as support, this is a good sign that bitcoin can continued further and reach the next levels in the structure, nevertheless, there are still strong resistance levels above which we have firstly at the Fibonacci-resistance at around the 12150 level, when bitcoin approaches this level a pull-back will be highly likely which will move bitcoin to the rising blue trendline as it is marked in my chart. When this likely pull-back established it is important if bitcoin holds this trendline with support to set up and move higher or if it breaks below it which will cause further bearish pressure to the downside and protracted bearishness. The next time's bitcoin has to show if the rising blue trendline can behold sustainably or not, when this happens to be the case bitcoin can move some higher in the range, this will be crucial as bitcoin coming then into the previous established fake breakout terrain where not only resistance is lying but where also the possibility for a fake breakout and the following pull-back increases highly. Currently, we should not keep the bearish scenario fully out of sight as bitcoin is moving with less momentum and volatility like for example other cryptocurrencies this is not necessarily indicating a bullish continuation and can happen to end up in a reversal showing increased downside pressure. Technically increased bearishness will show up when bitcoin moves below the 100-EMA with a strong move, targets will be then the second blue trendline and the 200-EMA as a minimum. In this manner, thank you for watching, support for more market insight, all the best! "The more you learn the more you earn." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
13
Bitcoin, Confirmation As Expected, These Steps To Consider Now!Hello Traders Investors And Community, welcome to this update-analysis where we are looking at bitcoin 1-hour timeframe perspective, the recent confirmational events, the current formational structure and the next steps we can expect in the structure. Since the last time bitcoin moved properly above the rising trendline and confirmed it as expected with a pull-back, this was a good place to open the trade as pointed out in my analysis. Now as these important steps and confirmations occurred there are some other meaningful levels and scenarios ahead we should consider now. What is important to note is that this bullishness established is firstly on the short-term as bitcoin has still significant resistance levels above in the structure we should not ignore the bearish pull-back scenario when these resistance levels happen to confirm and bearish pressure enters the surface again. Looking at my chart you can watch there that bitcoin is just building up this ascending-channel-formation with the consolidation within it, such channels can break to the upside when the established trend gets strong enough and the proper volatility to confirm above, when this happens we can expect bitcoin to reach the minimum target already mentioned previously at 11850 and possibly above as it is marked in my chart, when bitcoin shows up with this it has strong resistance at the 12.000 USD level as it is marked in red in my chart, when bitcoin approaches this level it has high potential to form a pull-back when supply enters the surface in this level, therefore, it is also a possible short-zone, targets can be measured at the 50-EMA in red which is also matching with the lower boundary of the channel, these levels are preliminary to hold to consider a bullish continuation. Overall and in the higher timeframes bitcoin is forming a bigger range here where it began with the sideways movements before, for the established bullishness to hold it is from high importance that bitcoin stays above the 100-EMA in blue and the 50-EMA in red, these levels serving as the reference support points here in the structure when bitcoin moves below them the possibility for bearish pressure to the downside increases when bitcoin stays above them and confirms the sustainably as support bitcoin can gain strength in the level to move above and continue higher. We will see how this will show up in the current range, nevertheless, the bearish scenario should not be taken by side as the resistance levels are just too strong to ignore and in a more middle-term-perspective bitcoin has still the potential to form a correction when not bigger pull-backs to the downside. In this manner, thank you for watching, support for more market insight, 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.
BITFINEX:BTCUSD
by VincePrince
11
Bitcoin, Testing Remaining Range, These Are Important Level!Hello Traders Investors And Community, welcome to this analysis where we are looking at bitcoin 4-hour timeframe perspective, the recent events, the current formational structure and what to expect next times. Since bitcoin confirmed the double bottom above the important 200-EMA it provided some healthy up moves not only on the shorter timeframes but also on the bigger like 12-hour or daily charts. Overall bitcoin can provide this further but a significant and meaningful question in this structure is if bitcoin manages to hold this established bullishness or lock the remaining resistances to fall back again. In this preliminary case, I detected the important levels in the current range and where the journey can head over. Looking at my chart you can watch there that bitcoin recently just confirmed above the 60-EMA in black which was an important step because this EMA previously confirmed several times as meaningful resistance not only in bitcoin but also in other cryptocurrencies on the 4-hour timeframe. Currently, there are two possible scenarios, the first is bitcoin pulls-back below the EMA as it was seen before to visit firstly lower levels again either to fall more or confirm them as support, the second scenario is bitcoin holds above the EMA and confirms it as support to move on, because bitcoin established this healthy volatility above the EMA which was not the case in past price action the bullish confirmation is currently more likely as firstly the pullback. When bitcoin shows up with the more likely scenario holding above the EMA and moving on there is this dashed grey falling resistance line which bitcoin has to take out fully to confirm further bullishness, when this is done there comes the crucial part of the whole structure because bitcoin has still this strong rising resistance you can watch marked in blue there is a high possibility this level will firstly show up with resistance which will bitcoin bring into a pull-back and the crucial confirmation you can watch in the blue box where the EMA and support line coming together and which need to hold in order that bitcoin moves on and establishes new highs further above in the structure to test the rising blue trendline once again as it is marked. Bitcoin is in a situation where it has to decide if the established short-term-strength can hold further or the resistance level showing initiative and bitcoin goes on to pull-back to visit lower levels. In this case, it is important to note that bitcoin possibly has not completed the bearish pull-backs in higher perspective for now, therefore, we should not keep this bearish case by side, as many people getting completely bullish this can prove fatal in the end when it turns out that bitcoin just moving in a bear-rally where more downside is to come, therefore it is from very high importance that we elevate and see how bitcoin reacts in the suggested levels and scenarios in order to anticipate the next times correctly and do not over speculate as smart money operators just waiting on the other side for that. In this manner, thank you for watching, support for more market insight, all the best! "Market wisdom belongs to the most preserved." Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
5
Bitcoin, Two Ways One Outcome!Hello Traders Investors And Community, welcome to this analysis where we are looking at the weekly timeframe perspective, the recent events, the current formational structure, the further outlooks, and how bitcoin can follow-up within the upcoming price-actions. Since bitcoin has taken out the strong 10.000 USD resistance mark this was an important and fundamentally significant step in confirming an overall bullish edge within the structure, that is why new highs exceeding the 2019 established highs can be highly possibly expected, the exponential growth and resistance levels are taken out sustainably where just too strong, the big question now in this current structure is if bitcoin pulls-back to lower levels before stabilizing and going on to form the new highs or back-ups right away and manages to move on to form new highs which exceeding the old ones. First of all, we should take note that bitcoin currently trades in the range in the smaller timeframes where possible decline can follow-up or a stabilization as this happens often within such ranging markets. The blue trendline you can watch marked in my chart is the support bitcoin currently has on the weekly timeframe dividing the upcoming price-action into two possible ways to play out, this trendline is the crucial factor in the range, both ways will be confirmed properly and after confirmation entry is possible, nevertheless, we should wait on proper confirmation before each of the scenarios showing up to take appropriate action, bitcoin is still in an indecisive range building up together with the weekly timeframe where it has to decide if bullish or bearish strongness increases. Considering the ongoing outcome and route to reach it the first way is when bitcoin manages to somewhat hold the current range and move above it to form new highs, in this case, it is from high importance that the price does not falls back into the range again as it was seen in recent price-action already, second way is when bitcoin closes decisively below the blue trendline on a weekly basis which will also confirm other scenarios on the lower timeframes as well and will show up with increase bearishness and pressure to the downside, when this happens we can expect bitcoin to visit the blue cluster marked in my chart before backing up again to move on to form the upcoming highs. As bitcoin is factly above the blue trendline and therefore support the bullish scenario has a slightly more possibility, however, we should not underestimate the bearish pull-back scenario as bitcoin can still trade in a bigger correction, therefore it is worthwhile to wait on proper confirmations. 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.
BITSTAMP:BTCUSD
by VincePrince
24
BTC USDAfter closing my last BTC USDT short out yesterday at a good profit, may now already be the time to set up the next. As you can see the 1hr Rsi and Fisher indicate a drop may be coming, price has also risen up nicely to the Supertrend resistance. The 4 hour super trend is also in a down trend adding strength. Will enter here around 11,430 Sl 11,700 way outside the super trend as btc likes to wick Tp1 11,200 (50%) then move stop loss to break even as the potential downside movement could be huge if 11k support breaks. Good luck in your trading and if you appreciate this idea then please like, follow and subscribe to premium for 7 days Free and get access to all my signals.
COINBASE:BTCUSDShort
by CryptoKevin86
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