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Bitcoin, Scenario That Can Lead To A Paradigm-Shift!Hello Traders Investors And Community, welcome to this update-analysis where we are looking at bitcoins recent price-action since the last one, the current formation, what we can expect and what bitcoin can fulfill in order to increase the pace it is currently developing. Bitcoin is sending highly interesting signals at the moment and as I mentioned a bounce from the lower boundary of the huge channel formation was in the high possible range exactly this is what happened right now which is also documented and it is really great to watch that our elite trading channel noted good profits in this volatility which showed up. Currently, bitcoin broke above several important resistance levels and the big question now will be if this is just a huge bull-trap leading to a break of the channel to a downside or a successful bull-move which is lying ground to further movements into the bullish direction. When looking at bitcoin from a technical standpoint now it is still trading below important resistance levels, which is the 10.350 - 10.500 which is the big difference to other major cryptocurrencies like ethereum which already formed a breakout out of these resistance levels already while bitcoin is still trading in this huge and substantial parallel channel formation and therefore factly in an unconfirmed state but this can change when bitcoin takes out this resistance, as I pointed out in previous analysis it is more within the likelihood spectrum that this resistance will be taken out in the middle-term sooner or later, the question was if bitcoin forms a correction and pull-back before that or has the strength to stabilize in the level and form an immediate breakout, as the volatility popped up now showing stronger bulls the possibility for the immediate scenario increases when bitcoin holds the established pace. The next time we can expect bitcoin to test the 10.350 - 10.500 resistance which it has pierced now already, when bitcoin succeeds in this level and moves beyond it there are some possibilities given that it moves above and confirms bullish but as there are still important resistance zones and the market is slightly overbought on the short-term the pull-back scenario is more possible as it will also confirm the overall wave count and completion of the channel formation, therefore it is highly important that bitcoin holds the lower boundary as you can watch it marked in my chart with the critical confirmation, when it does and stabilize in this level there will be a good potential given that bitcoin moves on to test the 10.350 - 10.500 mark a final time and at the end moves above it, therefore it is important that bitcoin does not fall below this level and stabilizes healthily above it. In this manner, thank you for watching, support for more market insight, have a great day, and all the best to you! Astonishing claims require astonishing results. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
73
BTC is forming a fractal. Triangle Important area. Trend tradingPerhaps the fractal will work, because everyone sees it. Especially if it is shown to those who are always blind (stupid market participant) and the foolish panic purchases will begin. It should also be noted that at any moment this local trend can unfold, therefore always trade with the trend. The price is currently in a local uptrend (white line), in the resistance zone of the secondary downtrend (red line). An ascending triangle has formed. Breaking it up / down and fixing the price will mean which trend will develop in the future. Trend trading. Last my trading and tutorial ideas for this BTC / USD trading pair. BTC / USD Retention of a position in a trend. Ascending wedge. Important area Secondary uptrend continues. A symmetrical triangle has formed in the trend zone. BTC / USD Formation of a symmetrical triangle. Pivot zones An ascending triangle with a base of 28%. Secondary uptrend continues. After breaking up, the symmetrical triangle was redrawn by the price into an ascending triangle with a base width of 28%. The price is clamped. Coming soon. An ascending triangle is a bullish formation, but there are cases (less than%) when it breaks down. If you are not in a position at the moment, then entering the market is only a breakout or a pullback after a triangle breakthrough. Where the triangle is broken and the price consolidates, that and the local trend will develop. Trend trading. In this trading idea, I showed the main trend of the BTC / USD pair. BTC / USD Trend Trading. Important area. Fantastic scam. Do not be greedy people. Greed begets poverty. Do not take risks in your trading when the risk is not justified. If you do not understand what the potential price movement will be, skip it. You always have time to earn. Look at my related 1 year old trading ideas for this trading pair, which I attached to the description of the idea. What has now been formed on bitcoin I showed in my trading ideas about 1 year ago.
by SpartaBTC
12
Bitcoin Setting Up To Test The 10K Another Time!Hello, Traders Investors And Community, welcome to this update-analysis where we are looking at the major cryptocurrency bitcoin 4-hour timeframe perspective, the recent events, the current price-structure, and what to expect the next times. As recently mentioned bitcoin has confirmed the symmetrical-triangle-formation bullish and has now pushed into the first upside targets which we by the way traded in the elite trading channel where we entered before the huge volatility showed up. As bitcoin is still in a sideways range the full bullish confirmation is still not confirmed yet and while there are already resistance levels above such as the 10.000 USD mark these factors should also be taken into consideration, therefore, I detected some valuable and meaningful signs which can affect the further outcomes. As you can see now in my chart bitcoin has moved above the important key-level marked orange which is also a support/resistance level for further price-action and currently, it is support, therefore it is within the possible spectrum that bitcoin confirms this level around 9400-9450 as support when visiting again otherwise when it not does and falls below with a bearish move this can be seen as firstly bearish signs entering the environment when bitcoin falls below the rising dashed grey trendline and below the 45-EMA in red this will invalidate the direct bullish consolidation but when these levels hold there is a solid possibility given that bitcoin sets up and forms a move to test higher resistance levels where the 10.000 USD mark will still be a huge barrier and therefore a consideration worth for a reversal in this range as you can watch it marked in my chart. When bitcoin manages to hold the suggested support and moves higher to test the 10.000 USD mark this can be considered as a possible short-zone as there is still high supply in the market but this does not mean bitcoin will completely break down it can mean that bitcoin shows minimum a correction to either stabilize in this sideways range or move on to show more bearish pressure signals. For a continuation of bitcoin established bullishness it is highly important that bitcoin holds the 9500 range level and from there set up for a possible bullish continuation and take out of higher levels when bitcoin doesn't show this the bullish scenario will be invalidated when bitcoin moves below the bullish invalidation level you can watch marked in my chart at around 9020. The current situation is a situation where bitcoin has to show and prove if the established bullishness can hold sustainable or there comes a correction when not a bigger pull-back before. In such an environment it is important to keep in mind that bitcoin is still in this long-lasting consolidation range where it has not shown a breakout either to the up or downside, technically speaking the breakout can still occur also on the downside, therefore, it is important to not fall for the speculative approach seen too often these days thinking bitcoin has already confirmed long-term-bullishness and move on to a new all-time-high the next week, for now, bitcoin has shown some good and solid bullish moves in the short-term but only a successful move above the 10.000 USD mark and development above it can confirm the bullishness also in the middle and long term substantially. In this manner, thank you for watching, support for more market insight, have a great day, and all the best to you! All progress takes place outside the usual expectation. Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
28
Bitcoin, These Are Significant Level On Weekly Basis Now!Hello Traders Investors And Community, welcome to this update-analysis where we are looking at bitcoins weekly timeframe perspective, the recent-events, what are important levels now and what we can expect from bitcoin the next times. Different to for example ethereum as I pointed out is in a confirmed state the major bitcoin is still unconfirmed looking on two possible scenarios likely to play out over the course of next weeks. Bitcoin has still this massive resistance at the 10.000 USD level but when it takes this out sustainable with a protracted move similar to this one seen in ethereum or cardano it can likely confirm above the heavy falling resistance which exists since the 2017 tops have been confirmed. In this case, I detected some important signals not only on the smaller timeframes, daily and 4-hour but also on the higher weekly timeframe building up to a coherent environment. Marked in my chart you can watch this smaller rising parallel channel where bitcoin currently trades in and which will be a crucial factor in the further development, furthermore, you can watch this falling trendline from the top formed in june 2019 to the top formed in june 2020, when this falling trendline will be confirmed to the upside substantially it will be a first bullish sign and when it shows up bitcoin has to take out also the major falling resistance line which has its origins in 2017. These two trendlines are important and need to be taken out to the upside in the right volatile manner when considering a bullish continuation this can happen either when bitcoin stays in the parallel channel or when bitcoin firstly confirms below it to fall and back-up in the support range at the 6700 level to go ahead as you can watch in my chart, therefore the further price-action can be divided into two likely scenarios as marked in my chart. Overall the cryptocurrency market is sending highly different signs as there are coins that just confirmed heavily to the upside like cardano or ethereum making new highs while there are others like bitcoin cash or xrp which are still in sideways ranges. Compared to the stock-market the bearish scenario should definitely not kept by side as there is still no final confirmation that the bear market has ended, for now, we see corona increasing again and still big differences between real economy and assets growing because of money pumped into the market which can lead to speculative rallies, therefore it is important to do not get overly speculative and keep also the reverse perspective in mind as a dramatic increase in corona can lead to heavy breakdowns on global financial markets almost affecting everything similar to those seen in March this year, in that sense the next months will be highly important and crucial for further developments. In this manner, thank you for watching, support for more market insight, have a great day, and all the best to you! 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
27
Bitcoin, Confirmed The Triangle Greatly, Possible Pace Ahead!Hello, Traders Investors And Community, welcome to this update-analysis about bitcoins 4-hour timeframe perspective, the symmetrical triangle, the recent price-action-events, the occurred confirmation and therefore what we can expect the next hours and days. The huge symmetrical triangle which I mentioned bitcoin is build confirmed now greatly with a volatile move and confirmation to the upside, this does not mean bitcoin is one hundred percent bullish now but it definitely has some decent potential when it develops further and builds up to the established momentum gained, therefore, I detected some meaningful signals which can be fulfilled to confirm this overall price-action. As you can watch in my chart bitcoin confirmed above the 9330 level which was resistance before and is now support with a volatile move before that the breakout occurred with a valid confirmation above the upper boundary of the huge symmetrical triangle leaving a higher low in the triangle. Such movements normally indicate further development in the proper direction when the trend stays strong and no additional reversal signs enter the surface which can invalidate the continuation. Therefore it is significantly important that bitcoin confirms the important support you can see marked in my chart between the 9300 and 9330 levels rightfully to set up for further movement. The whole structure has currently a more bullish than the bearish edge on the short-term-perspective, this is fundamental to note currently that it is the short-term and not the middle-to-long-term-perspective where bitcoin is still trading in an unconfirmed formation. Furthermore to succeed on the short-term bitcoin has to take out the 9600 level where still a solid resistance lies, when bitcoin confirms this level it has the potential to advance further and the possibility of bullishness on the middle-term increases. We will see how this whole dynamic will play out and if bitcoin manages to get strong enough to catch up the heavy upside movements seen in the altcoin market so far. In this manner, thank you for watching, support for more market insight, have a great day, and all the best to you! A extensive mind becomes an extensive fortune. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
26
CSBTC 1dAs US stock market is higher this morning so the crypto market is higher as well. BTC trades at 9350 (+1.8%) and ETH trades at 243 or (+2.5%). CS/TC pair trades at 0.00000350 and tries to break out 0.00000360 resistance level which is looking fragile now. The support at 0.00000340 remains good. It`s still a very good buying opportunity with the medium term target at 0.00000415/0.00000420. Then the major double bottom at 0.00000320 will be confirmed with a potential target at April high near 0.00000600/0.00000650 level.
CLong
by Trading_Smart
This Can Lead Bitcoins Destination Into The Final Expansion!Hello Traders Investors And Community, welcome to this update-analysis where we are looking at bitcoins current price-structure, the formation it is building, the market-cycle situation, and what we can expect from bitcoin the next days and weeks. The huge triangle bitcoin currently trades in which I pointed out already in previous analysis will be the main outstanding factor in bitcoins further price-development and outcome, this triangle is still not confirmed although bitcoin is trading near its upper boundary this does not mean it is confirmed yet, the confirmation will only take place when bitcoin moves above the boundary with a high volatile move and candle-formation otherwise the confirmation is not substantial and can lead to further consolidation or markdown, furthermore, I detected some signals which can determine the price-action of next weeks and finally can lead to a successive confirmation of the triangle. Distribution/Accumulation: As you can watch in my chart bitcoin is consolidating between the accumulation and distribution channels marked in red and green, these channels show each accumulation and distributions bitcoin has fulfilled the last weeks and months which building up a coherent market-cycle structure, these phases show once in distribution levels where smart-money is selling previous accumulated values and in accumulation where smart-money buys into the market to profit of the markup, which should also be the case for everybody who wants to participate in the profitable markup phase. Bitcoin has already completed two distribution phases and two accumulation phases successfully and is now forming the third and possibly final crucial distribution before it moves on into the ultimate decisive accumulation phase which you can watch marked in my chart. Markup/Markdown Triangle Cycles: The contracting huge triangle bitcoin is forming the last times plays a big role in this whole structure because such movements are almost always the cause of high volatile breakouts which can show up a new paradigm in price-action, such triangle breakouts can be watched in the lower timeframes as well as in the higher timeframes. Furthermore, what is from high importance in this current triangle developing is that the markdown and markups matching with the triangle upper and lower boundary touches which are contracting and getting smaller in time and amplitude signaling a huge decrease in volatility and therefore a terminating increase when the triangle finally confirms properly which will happen when the triangle confirms above the upper boundary which will lead to a strong breakout markup pointing to next levels in the structure as you can watch it in my analysis. Further Confirmations: Bitcoin currently trades in the third overall distribution phase this can lead to a breakdown and markdown phase similarly to those seen in the past months and year which will be confirmed when bitcoin crosses the lower line of the distribution channel to the downside, this will cause bearish pressure and pointing to the lower levels of support which can complete the markdown phase if bitcoin stabilizes in this range and builds the next accumulation showing up as the crucial factor in the final markup and final confirmation that will happen when bitcoin crosses the still strong upper boundary with high momentum and volume to the upside, when the established markup phase, in this case, is strong enough it can lead to an extra validation of the breakout, this will be a solid and meaningful cause of bullishness and activation of higher targets where bitcoin will test remaining resistance and move to the upside in a highly possible manner. For now, Bitcoin is in a precarious situation in the possibly last final distribution phase the reason why this is a distribution is because bitcoins struggles in the distribution channel to advance higher to confirm above the higher boundary similarly as it has done in the previous distribution phases where the price firstly failed and distributed before the markdown begun, therefore, a markdown phase before a final accumulation takes place is much more given within in a high possible schedule than the direct breakout. In this case, we should do not fall for the speculative approach and think the market will just go in the proper direction, in this case, it means to be prepared for a possible bearish breakdown and shakeout occurring before the final confirmation phase begins, when this can be measured and ticked of it will be highly interesting how this whole structure will play out in destiny and comes up with possible occasions. In this manner, thank you for watching, support for more market insight, have a great day, and all the best to you! There are many roads to prosperity in the modern economy, but one must be contemplated. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
109
CSBTC 4hAs Traders say Thank God it`s Friday though this week was quiet again with low volatility and volumes. The main markets remain stable. The US stock, currencies, commodities including crude oil and gold are flat. The crypto market was in tandem with others. Thus, BTC is trading at 9100 and ETH at 233 this morning. CS/BTC pair is trading close to 0.00000340 level just above strong support level at 0.00000326/0.00000330. Recently very positive news from the CS Team such as it obtained patent package that can improve conditions of decision making within the decentralized network was published. www.newsbtc.com In other words these patents are very material and could give the users something that the rivals do not have. The patents always give the competitive advantage. This news is not in the current CS/BTC price and sooner or later it will be recognized by the market. According to comparative analysis CS/BTC pair is extremely undervalued at current levels and has a huge potential for growth. Based on TA it looks like a good buying opportunity with the next target close to 0.00000415/0.00000420 resistance level. The stop-loss could be placed at 0.00000319. After the resistance level at 0.00000420 is broken the medium term target is still the end April high near 0.00000600/0.00000650 level.
C
by Trading_Smart
Bitcoin May Form The Third Major Flag Formation Now!Hello Traders Investors And Community, welcome to this fundamentally important update-analysis where we are looking at the 4-hour timeframe perspective, what bitcoin is forming the last time, what we can deduce from it and how possible outcomes may occur in order to be prepared and take possible appropriate action, the first major bear-flag formation you can watch in my chart bitcoin formed and I mentioned before it confirmed properly to the downside lied ground for the next bearish formation, this preliminary bear-flag formation was the origin of subtle bearish moves to the downside which can be the foundation to a groundstone for a much bigger move and should not be ignored as such movements already occurred several times not only in bitcoin but also in other assets, therefore, I detected some meaningful signals which can determine bitcoins further outcome. As you can watch now in my chart bitcoin has severely penetrated the 8950 where it found support and keeps testing it, the more bitcoin will penetrate this level the weaker it gets and the more increases the possibility to the downside, besides that you can watch that bitcoin already formed these two major bear-flags which already confirmed to the downside, in this case, bitcoin is developing momentarily the third possible key bear-flag which can play a crucial part in the next price determination, what stands out in this structure is the size of the bear-flags, which gets wider and bigger since the first one, such an expanded movement normally confirms a heavy and decisive move as the volatility contracts and the price will break through such a period when it is ready and enough pressure and jam is accumulated to confirm the decisive outside breakout. Besides the fact that bitcoin is trading in the third possible major bear-flag now, it confirmed the 61.8 % Fibonacci-resistance which you can watch marked in red in my chart, this level catapulted bitcoin again into the weak support region, such a clear Fibonacci-resistance confirmation should not be put into the background as it can overall confirm the further down move as such a confirmation seen already several times in the past not only in cryptocurrency but also in other assets. You can watch also that bitcoin confirmed the bear-flags both times with an initial move below lower boundary and the following confirmation of it which finally established the full bear-flag confirmation and activated the downside targets, such movements are normally seen in a distribution market where smart-money sells the accumulated pieces, this theory is underlined by the verification that bitcoin is still on possible overbought high value in the bigger timeframes. Additionally, bitcoin is forming this important triangular-shape which is building up a symmetrical triangle you can watch marked with the orange triangle, such a formation can either break to the up or downside, the reality that this triangular-shape is forming within the bear-flag makes the establishment crucial for the next period which can confirm the bear-flag, principally there are some possible scenarios how this can play out, the first is that bitcoin confirms within the triangular-shape bearish to the downside and immediately falls below the 500-EMA you can watch marked in black and below the lower boundary of the bear-flag, a clear break to the downside of these levels will activate more bearish pressure, besides that it is possible that bitcoin firstly confirms support at the lower boundary and breaks the triangular-shape to the upside before finally confirming the bear-flag to the downside. There is a little possibility given that bitcoin confirms the triangular-shape to the upside and the bear-flag upside which can show up in a fake bear-flag but this possibility is currently quite marginal. Taking all these factors into consideration we have a highly shacky environment currently in bitcoin and the whole other cryptocurrency market, there are coins that just going to the roof while bitcoin is making subtle moves to the downside as pointed out. The rallies in the altcoin market space are highly conjectural and can turn to the other direction certainly fast as such bursts already happened in this arrangement. For now, bitcoin will play a big role in this situation when it confirms the third major bear-flag there is a high possibility given that altcoins can follow. It will be highly interesting to watch how this plays out, compared to the rest of the global financial markets we have a highly speculative driven stock-market where many retail people rushing in while smart-money is staying out, such an unhealthy environment combined with a possible second corona expansion can lead to a heavy reversal with high pressure with an effect on global markets that can also decide cryptocurrencies conditions, therefore it is important to not take this scenario by side to do not get overwhelmed in this case and profit of possible occasions. In this manner, thank you for watching, support for more market insight, have a great day, and all the best to you! 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
14
CSBTC 4hBTC and ETH price remain stable this morning though a bit lower but still above 9000 at 9090 for Bitcoin and 232 for Etherium. The reason for a decline could be the news that Twitter accounts of several public figures and major companies were hacked on Wednesday and inability for S&P500 to go above 3240. CS/BTC pair is trading close to 0.00000360 level after a bounce from daily low at 0.00000326. The momentum is good. CS/BTC pair is extremely undervalued at current levels and has a huge potential for growth in accordance with a flow of positive news from the CS Team. Based on TA it looks like a good buying opportunity with the next target close to 0.00000415/0.00000420 resistance level. The stop-loss could be placed at 0.00000319 than changed for a trailing stop. After the resistance level at 0.00000420 is broken the medium term target is still the end April high near 0.00000600/0.00000650 level.
CLong
by Trading_Smart
CSBTC 1DThis morning CS/BTC pair is trading close to 0.00000350 above 0.00000335/0.00000340 which is strong support level. Based on TA it looks like a good buying opportunity with the next target close to 0.00000415/0.00000420 resistance level. The stop-loss could be placed at 0.00000319. After the resistance level at 0.00000420 is broken the medium term target is still the end April high near 0.00000600/0.00000650 level. According to comparative analysis CS/BTC pair is extremely undervalued at current levels and has a huge potential for growth.
C
by Trading_Smart
Bitcoin, In Paramount Triangle, High Volatile Breakout Awaiting!Hello Traders Investors And Community, welcome to this update-analysis about bitcoins current situation, the overall price-structure, and what we need to examine when considering the further movement therefore what needs to be fulfilled to confirm a decisive breakout. Besides the huge descending channel formation and the uptrend rising support lines I mentioned in the previous analysis which deliver a more bullish perspective I found some important signals which can affect the outcome and show the proper confirmation therefore should not be ignored. The cryptocurrency space at this time sending highly mixed signals where there are coins which just skyrocket while bitcoin is still stuck in a long sideways movement, this fact is making it clear that when bitcoin moves and the sideway movement end this will alter the whole cryptocurrency space dynamic. When looking at my chart there are some important details and price-levels which we need to keep in mind now, firstly you can watch that bitcoin is moving in this big preliminary symmetrical triangle with lower-highs and higher-lows forming, this movement is indicating a decrease in the volatility and a breakout coming in sooner or later which will not only confirm the symmetrical triangle but also the further determination of bitcoins price. Now as this is a symmetrical triangle it can break either to the up or downside with an additional confirmation and probable trade set up to follow up. When the breakout occurs there are levels in my chart you can watch which bitcoin has to take out sustainable for a continuation of the proper price movement that is the upper boundary resistance in the bullish case at around 9600 and in the bearish case the lower boundary support at 8850. Just when looking at the lower-high structure it is a similar structure seen in bitcoin price movements in the past where bitcoin moved several lower-highs before finally going to the downside, therefore when bitcoin does not manages to travel above the last established at 9475 and above this the 9800 there is a high possibility given for a bearish continuation to the downside because this is the crucial point in the structure when bulls do not manage to form a new high bullish weakness is increasing which is lying ground for more bearish action. Furthermore, when bitcoin breaks the blue level you can watch in my chart at 8850 this will cause bearish pressure where the probability for the bullish continuation and a new high forming on the short-term is so extremely marginal that this will be a good point to look for short-entries below that level. For now, it is important to keep patient and do not rely on mere speculation as there is still no decisive confirmation occurred which is needed in this current structure provided by bitcoin, before the final confirmation has occurred it is just guessing and should not be taken into serious reflection. What we can note at the moment is that the breakout incoming will alter the whole dynamic also in the altcoin space where many altcoins rallying it will show if the rallies are fundamentally backed or not, in such situations it is important to measure possibilities and opportunities in the correct manner to take the appropriate action when more evidence occurring and new volatile movements come into the market surface as this is a reliable thing to look for profit occasions in the market landscape we are facing these days. In this manner, thank you for watching, support for more market insight, have a great day, and all the best to you! Conviction is the search for ultimate meaning. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
11
Cardano, Breakout Of Preliminary Channel, Testing Further Level!Hello Traders Investors And Community, welcome to this update-analysis where we are looking at Cardano's recent events on the weekly timeframe perspective, the current formation-situation, and what we can examine and deduce from this whole structure for further price-development and possible trade setup. As I mentioned in past analysis Cardano moved in a narrower getting range where a breakout to the up or downside was pending and crucial for further direction, this breakout now happened to the upside with a decisive volatile move to the upside on the weekly basis, therefore, the bias has a bullish edge in Cardano here but the big question is now if Cardano can continue in this means or there are popping new bearish signs into the surface which will invalidate it on the smaller or larger scale. As you can watch in my chart Cardano has just broken this huge blue descending channel marked in blue to the upside where it provided several touches of the upper and lower boundary before the breakout occurred. Currently, Cardano is testing this important and meaningful support/resistance level at 0.135 established since July 2018 marked in orange, this level serves at the moment as resistance as you can watch Cardano has some issues going above it as this is normally the case when approaching such a significant level the price won't most likely not shoot immediately through this resistance were a first correction and confirmation of the level more possible than a direct breakout, it is possible but as it is strong resistance the correction and confirmation is more in the possible spectrum before moving up again. The next times we can anticipate Cardano to either move directly through this important support/resistance level which is improbable at the moment or it will firstly form a correction before moving up higher as you can watch it in my chart, when forming this correction it is from high importance that Cardano holds and confirms the upper boundary of the channel and therefore also the 90-EMA you can watch marked in light-blue which Cardano needs to hold otherwise when falling below this level it can increase bearish pressure to the downside and after this testing of the lower 60- and 40-EMA these levels together with the second trend-line you can watch in my chart are impeccable to establish further bullishness, therefore when these levels hold there is definitely room to move higher for Cardano here. What is really interesting to watch is that Cardano and other altcoins trending right now while other more majors like Ethereum or Bitcoin are still below important established highs and in sideway movements, as I mentioned in previous analysis this can indicate the next big altcoin-cycle possible in 2020-2021 which will happen when the weakness of the major market caps increases further and there is not a decisive movement, but when these also form breakouts and confirmations we can expect the whole market going up. In such an environment where there are different currencies and different setups in the individual coins, it is important to search for the highest possibilities to trade and do not get caught in the volatile stop-loss hunts happening these days in this market trapping inexperienced traders. In this manner, thank you for watching, support for more market insight, have a great day, and all the best to you! The market-conditions are often the real source of truth. Information provided is only educational and should not be used to take action in the markets.
BINANCE:ADAUSD
by VincePrince
3
The Next Months Will Play A Crucial Factor In Bitcoins Fate!Hello Traders Investors And Community, welcome to this analysis where we are looking at bitcoins weekly perspective, the importance of the current consolidation situation, what will happen the next weeks and months and how we can prepare on possible scenarios incoming to profit in the end because this is an important part in this whole concept. Therefore it is important to not get overly speculative and get to the illogical approach by predicting wild ideas with no fundamental or technical background as this is happening too often these days. To not get caught in this perspective it is important to look at the facts and what bitcoin and the cryptocurrency space can provide to us, today we look at the weekly timeframe perspective, I also made an analysis about the short-term which I highly recommend to you to have a full-depth-overview because then the puzzle gets more logical at the end of the day. As you can watch when looking at my chart is that bitcoin is trading in the third historical second accumulation channel which is marked in blue, bitcoin already provided two such channels in the past where it initially formed a first accumulation channel and then moved up into the second one where the accumulation gets longer and stronger to finally break to the upside, also these accumulation channels forming up to a bigger channel in which bitcoin is moving. Now as this accumulation period has not ended yet bitcoin can still move lower to visit some lower levels in the accumulation range before backing up and finally confirming it, this scenario is not far away because there are still important resistance zones at the 10.000-10.5000 level which can hold and send bitcoin firstly to lower levels as the price do not show any advance above the till weeks now. When bitcoin visits some lower levels in the accumulation structure which is also logically following up with the big triangle in which bitcoin is trading you see in my chart this does not mean bitcoin is completely bearish but this means that bitcoin shows some correction before possibly backing up to test the remaining resistance zones again. As this scenario is highly possible at the moment it shows only one side of the Medaille, the other scenario is for bitcoin that it advances higher in the current accumulation range to rest the 10.500 level once again and finally moving above it which is possible but in fact, bitcoin is definitely oversold in the condition it is trading currently and a correction cant is kept aside in such a condition as many people still in the market and did not sold already. What is also interesting is that bitcoin is trading at 50% from its all-time-high which normally is a level where high resistance comes to the surface and the price shows a downturn or the not that likely layout the price just moves above this 50% range to advance further. The next times will decide where bitcoin is heading and if there comes a smaller then bigger pull-back/correction or if bitcoin manages to hold the level to visit higher ranges. When comparing this situation to the stock-market, it is also in a state where it does not has confirmed any bullishness on the long-run and as the rallies till now aren't fundamentally backed by real economy data a possible second wave of corona can affect all global markets as it has done in March this year, for bitcoin this means it can result in a heavy pull-back to the before-mentioned levels, but when there comes some good data coming up the next weeks and the infections going back with healthy real economy numbers this can affect the markets in a positive way, we will see where the journey has its destination and therefore it is highly important to be prepared on the possible scenarios with the right setup in the market. In this manner, thank you for watching, support for more market insight, have a great day and all the best to you! Enlightenment is under our feet as well as over our heads. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
71
CSBTC 4hThe US dollar was generally weak this morning regarding both gold and euro. This weakness in US dollar supported the crypto markets as well. Thus, BTC near touched 9500 area and ETH was close to 250 level. In such an environment CS/BTC pair was very good supported above 0.00000320 level. It still reasonable to expect a further rise to 0.00000360 resistance level and when it is broken the pair has a good chance to rise to the next target around 0.00000400/0.00000420 zone.
C
by Trading_Smart
Bitcoin-Post-Halving-Cycle-Status-UpdateHello Traders Investors And Community, welcome to this analysis where we are looking at bitcoins price-action, the recent events, the current important details in the formation and wave count it is trading in, and what we can examine and deduce from this to follow up the next days, hours and weeks. Bitcoin has completed its third historical and fundamental halving and now showing a long ongoing consolidation range with diminishing volatility where it will provide a heavy breakout and periods of high volatile movements again as this is what happens in almost every case after such periods. Considering this now the direction of the breakout will be the crucial part of the whole environment and I discovered some worthwhile signals which make it clear what bitcoin has to fulfill to confirm the proper breakout scenario of the huge rising channel it is trading in either to the up or downside. As you can examine when looking at my chart is that bitcoin still trades in this long-lasting consolidation and the parallel lightly rising channel where it already confirmed the lower and upper boundary several times to mark this channel as an important stepping stone in the last time. Recently bitcoin confirmed the lower boundary again and showed some bullish momentum there but the volume is missing and there are some other meaningful factors like the head and shoulder formation you can see in the lower chart which can provide a heavy bearish breakout when confirmed to the downside. But when bitcoin manages to show some other solid signs which move the price higher to test the upper boundary again this can also turn out to be a continuation head and shoulder formation similar to those movements bitcoins has shown in the past. Hidden Head And Shoulder Formation (4-Hour Timeframe): Halving Cycle And Post Halving Situation (4-Hour Timeframe): Confirmation Scenarios And Levels On The Higher Scale (Weekly Timeframe): Furthermore, we have this giant wave count within the parallel channel which is consisting of an ABC-count each time the lower boundary confirms to the upside the higher boundary or on the contrary the higher boundary the lower boundary to the downside, these counts forming a larger formation and resulting in a big ABCDE count as you can watch in the chart. From this perspective now the wave count is matching logically coherently with the hidden head and shoulder formation which will show the significantly purposeful breakout in bitcoin when the low volatile period has ended. Besides that, you can see the bullish and bearish zones in my chart which bitcoin will successfully confirm when the proper breakout shows up. The bullish scenario will play out when bitcoin takes out the huge resistance between 10.350 and 10.500 you can watch in my chart with a stabilization above it and the bearish scenario will play out when the lower boundary has crossed with heavy volume and momentum to the downside when this shows up it will be a good entry for trading the higher low with a short-position to the downside. At the moment, it is important to take note that bitcoin technically is still in an uptrend which has not ended yet with potential lows established since the corona-breakdowns this year, therefore, a bearish breakdown when it happens in this range will not be completely bearish as there are important support levels below which I mentioned already in past analysis, only when these levels of support do not hold there can be a considerable confirmation for ongoing bearishness on the middle-term and finally on the long-term-scale. Right now, it is important to keep calm and rely on the proper informational input to look for possibilities and opportunities arising ahead. Although our elite channel noted some good profits in the last times I would not be overactive in this market phase as it is still a low volatile market phase which means the smaller trends within it are not necessarily supported fundamentally by good liquidity which is given in a highly volatile market movement that is supporting the underlying trends, this is why the best option in such a phase is to either keep aside and wait for the right volatility in the market or to do not expect too much from these movements as they are still not backed by the mentioned factors when this changes there can also come new occasions and alteration of the situation in general but for now we should not over speculate the environment as this does happen too often these times with no fundamentally or technically groundstone. In this manner, thank you for watching, support for more market insight, have a great day and all the best to you! Success is a science, if you have the conditions, you get the result. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
41
Altcoins-Bitcoin-Market-Comparison-AnalysisHello Traders Investors And Community, welcome to this analysis about the comparison between the current situation in altcoins and bitcoin, the differences, and what we can expect in changes between these two major factors in the whole cryptocurrency market. It is important to take note that we have seen some volatility moving into the market the last times which added to the differences and showing up a stronger altcoin market on the short-term in comparison to the bitcoin where bitcoin provided some important signals which provided the difference, now this does not mean altcoins will keep stronger as this is a shorter time movement but when it holds on longer it should not be kept by hand that the difference between the two increases and confirms on a longer time scale similar to the alt season we have seen after the major all-time-highs confirmed in 2017 and bitcoin fell from almost 90 % to 40 % in dominance, therefore, it is important to keep this mechanism in mind and do not ignore it because this can provide profitable in the end with investment and trading decisions. Altcoins: As you can see in my chart the altcoins market cap formed a clear inverted head and shoulder formation which recently confirmed to the upside, in this case, it is highly important to look at it as the index representing the whole altcoin market cap with the different single altcoin, therefore, there are big differences between the specific coins and their movements where some are looking highly bearish where others already formed new highs, therefore, it is significantly meaningful that the different coins should be distinguished here and that there are coins with a bigger market cap who representing a stronger part in this index. But what the overall picture now provides is a stronger move to the upside where altcoins already took out the falling resistance, formed a clear formation and confirmed this head and shoulder formation whereas the formation in bitcoin is not that well established and strong like the coins and it's still below resistance. Bitcoin : When we look at bitcoin now and the formation which is building below the resistance it looks more as a bear flag than an inverted strong head and shoulder formation which successfully confirmed. Therefore the consolidation can still turn bearish when bitcoin does not manages to move above the falling resistance and confirm it sustainable as support. There is still a possibility for bitcoin to move higher in the short term but we should keep in mind that there are strong resistance levels and when bitcoin does not manage to form solid and strong momentum the short term trend can change in the opposite direction. If bitcoin manages to climb higher and take out the important resistance it can form the solid counterpart to the altcoins especially when altcoins lose in momentum this can happen in a consolidation where altcoins fall more than bitcoin and bitcoin gains in volatility and strongness. Conclusion: Coming to a termination we can definitely take note that the overall altcoins measured in market cap showing some stronger momentum and clearer formation in the short term compared to bitcoin now that does not mean that this trend holds on forever but when it holds on more and altcoins increase more in price solidity we should keep the possibility for an altcoin season in 2020 or 2021 in mind where there are coins that show some solid movement and high gains to the upside while others showing moderate gains and or bearish signs. This does not mean that bitcoin goes completely bearish but it means that there can pop up good opportunities in the altcoins to make good gains as we saw it already happening in the past. In overall market cap dominance and measured market cap bitcoin will definitely stay in number one place as it is the leading major and the first one on the screen but this is not a contradiction that altcoins can gain in strength again similarly to the altcoin season seen after the bull market peaks in 2017. In this manner, thank you for watching, support for more market insight, have a great day and all the best to you! The motivation to transform opportunities into gold remains the most significant tool for a trader. Information provided is only educational and should not be used to take action in the markets.
CRYPTOCAP:TOTAL2
by VincePrince
15
Bitcoin, Bounced At The 100-EMA As Expected, What Comes Next?!Hello Traders Investors And Community, hopefully, everybody had a good weekend and welcome to this update analysis where we are looking at recent events, the current price-structure and what we can expect the next times. As I mentioned in the previous analysis bitcoin was trading on the wage of an important decision where it has to decide if the fundamentally meaningful important 100-EMA which you see marked in orange in my chart can hold or not and I described that there is a good possibility that it can hold which it has done now, if you did not saw this analysis already I highly recommend that you watch it by going to my account and look at, by the way, it is really good to see that our elite VIP signal trading channel is making good gains also in such a heavy low volatile period the cryptocurrency space trades at the moment where opportunities are normally a rare thing. As you can watch now in my chart bitcoin is still trading below the meaningful lower high trendline that is marked in black in my chart which is still an important resistance for bitcoin where it is likely that bitcoin confirms it as resistance but as bitcoin has some strong support levels below not only with the 100-EMA but also with the falling support line which has a long time origin in the 2017 booming bull market this is a solid support level for bitcoin and as the low volatile period has not ended yet which the data says bitcoin will decide in the current range in which direction it will continue and break out. It is a fact that the breakout will be heavy and highly volatile when it happens as it is normally the case after such consolidation periods the price will determine a paradigm shift therefore it is important to take note and determine in which direction the breakout will happen. Bitcoin Weekly Timeframe And Triangle Perspective Considering the bullish side of things it is from very high importance for bitcoin to hold the 100-EMA and below it the 200-EMA you can see marked in orange and blue in my chart, these levels of support holding the overall bullishness and there will come bearish pressure with a high likelihood when bitcoin does not manage to hold these levels and falls below them. Therefore this ongoing consolidation you can see in my chart can serve as a descending triangle formation which confirms the bearish move to the downside. But when these levels of support hold bitcoin have some good potential to move higher but this needs to show some volatility as this is needed to establish a decent and healthy trend to the upside otherwise the trend is weak and can anytime turn to the downside when new supply enters the market which can hit inexperienced traders and kick them out of their positions in the market. But in comparison with the whole cryptocurrency space and especially the altcoin market we can take not that bitcoin currently is a strong leading part as it is the major, there are other currencies which showing really weak sings like XRP or BCH that trade way below the established highs the months where bitcoin is still near, therefore it is important to what will happen to bitcoin the next days and weeks because it will also determine the whole other market and when bitcoin shows more downside and falls below the previous mentioned supports this will cause a high possibility for doomsday in many altcoins, in this case, there can pop up opportunities on the short side to trade and take profit of which we are looking at and then take possible appropriate action which will increase when new high volatile movements enter the market and possibilities for the direction increase in the schedule. In this manner, thank you for watching, support for more market insight, have a great day and all the best to you! The amount of good luck coming your way depends on your willingness to act. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
2
BITCOINS Long-Time-Consolidation May Have A End In Expectation!Hello Traders Investors And Community, welcome to this analysis where we are looking at the weekly timeframe, the price-formation building up, and where the price will determine the next weeks in destiny. The bitcoin price is showing a low-volatile period for more than 9 weeks now which is certainly a long time for bitcoin in such a narrow range, the volatility gets lower and lower this can indicate a sudden and decisive price move, the longer such a period holds on the greater will be the outcome. I see many people calling for the complete bull market or complete breakdown but this is currently a mere speculative aspect, the truth is both scenarios are still possible here as bitcoin sending highly mixed signals in the range where it is staying more than 9 weeks now, therefore, we should rely on the facts we have in hand and wage them carefully to profit out of opportunities arising in such market environment, everything else is just negligently. Therefore let's look at my chart and what we can deduce from it, bitcoin is trading in this huge rising channel you can see marked in my chart with a little angle which means that it is a slowly moving channel, a bigger angle will be a faster-moving channel like for example short time impulses on the lower timeframes. Furthermore, on the locally perspective, bitcoin is trading in the smaller parallel channel it is building currently between the important psychological 10K - 10.5K mark where it failed already several times in the past, this fact makes the situation so tricky because it is such an important resistance mark which should not be ignored as bitcoin past showed to us. But this resistance mark will be taken out sooner or later as bitcoin is moving in the mentioned ascending channel, the big question is now if bitcoins shows a correction or bigger pull-back before that scenario or manages to just move above the resistance level. Bitcoin is moving in an uptrend on the middle term and what we have seen the weeks since the corona-breakdowns established this year which is, by the way, a possible bottom for bitcoin, it is weak but it is an uptrend therefore technically speaking this uptrend can continue when there do not come any bearish invalidation signs which will alter the dynamic into a more bearish trend. As you can watch in my chart bitcoin formed a second time the fractal which we have seen in the 2018 rally where it firstly confirmed the 150-SMA as support and then moved higher to form the sign-of-strength between the 200- and 40-EMA, exactly the same dynamic showed up now which confirmed the overall trend and the test of resistance mark 10K. You can see in my chart both scenarios which are possible to play out, the first scenario is the immediate breakout scenario where bitcoin manages to move higher and confirm higher in the smaller channel to immediately form a confirmation above the big resistance bitcoin has for several months now, this scenario is possible but the bulls have to form a solid and decisive move above the resistance otherwise the confirmation can fail and turn out to be a fak-out. The second scenario, which is definitely a possible one is that bitcoin firstly shows a smaller or bigger pullback to confirm the 200-EMA which is marked in orange to confirm it and if successful move higher and try another attempt to test the huge resistance. In this manner, thank you for watching, support for more market insight, have a great day and all the best to you! The Mind of a trader is the most significant tool to succeed in today's markets. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
40
GM, Giant Probabiltiy To Continue, Possible Hedge On Short-Side!Hello, Traders Investors And Community, welcome to this stock-analysis where we are looking at the single stock GM (GENERAL MOTORS) and the recent price events, the current formation, and what we can expect the next times from this stock. Currently, the overall main stock market measured by the major indices like the S&P or RUSSELL is in an important decision zone in the middle-to-long-term perspectives where it has more or less recovered from its downside with a currently weakening uptrend at the moment, it will be a huge decision if the main market can hold its established bullishness or show more bearish pressure as the crisis seems to slow down but has not come to an end yet. Taking these overriding factors into consideration the market is presenting us stocks which were heavily damaged by the corona-crisis and stocks which held their pace and besides that making good gains in the short version stocks which are stronger than the main market, stocks which are neutral to the main market and stocks which are weaker than the main market. Therefore we can divide these stocks and take advantage by hedging with shorts the stocks that are weaker than the market and long the stocks which are strong when the main market should provide further bullishness in the schedule. A good example of stock on the short side is GM (GENERAL MOTORS) which is sending clear bearish signals at the moment with its trading clearly above the all-time-high and confirmation below the preliminary important 60-EMA you can see marked in my chart which brought the first sell signal. Furthermore, GM is building up a huge bear-flag here with a very weak uptrend within this channel. The bear-flag scenario is supported by the fact that the stock is below the over five-year-old mirror level you can see in my chart marked at the 27.8 which is strong resistance and is corresponding with the 20-EMA that is marked in green overall building a bearish confluence cluster here which will highly likely confirm. This formation can be traded on the short-side with entry after a clear break of the lower boundary from the stocks bear flag. As the aggressive immediate entry approach is also possible here traders should decide on individual risk preference. Looking at the car-industry at all we can take note that stocks like TSLA just jumping to the roof which can indicate a confirmation of the theory that electric car producing pushes more and more to the upside while classical fuel loses more in relevance which is also showing up in the stock market, what do you think about this theory? Is classical car producing an everlasting hero or will the new electric car technology take over? Please let me know in the comments. In this case, we see also the big differences between the stocks and their further outcomes while some looking really bearish there are others which just jumping to the roof also in a similar sector. This is a big development of the crisis which is completely fitting into the financial breakdowns we saw in stock history where there was a sorting out of companies and their stocks a similar mechanism is happening now, therefore it is important to take a well established and thought out approach in the markets to profit out of the volatility coming in and to diversify by hedging in both direction than only think in one direction and just cross fingers that everything moves according to one's perceptions. In this manner, thank you for watching, support for more market insight, have a great day and all the best to you! The ambition to transform opportunities into gold remains the most significant tool for a trader. Information provided is only educational and should not be used to take action in the markets.
NYSE:GM
by VincePrince
4
Bitcoins, Pierces Major Trendline, Next Bear-Trap Or Breakdown?!Hello Traders Investors And Community, welcome to this update-analysis where we are looking at bitcoins 12-hourly timeframe, the recent events, the current price-structure and what we can expect from bitcoin the next hours and days. As I mentioned in recent analysis it is highly important for bitcoin to hold this significantly meaningful lower boundary of the huge channel bitcoin is trading in otherwise the possibility for bearish pressure to the downside increases, if you did not saw this analysis I highly recommend that you watch it when going to my account. For now, bitcoin pierced the lower boundary and fell below the 120-EMA (in orange) which is not fully bearish at all but can indicate more bearish pressure to come when bitcoin does not stabilize successfully above the trendline again. As you can see in my chart bitcoin currently trades still below the lower boundary of the channel which is an important situation right now because here has bitcoin to decide either it shows more bearish pressure or has the strength to move above and stabilize within the overall rising channel again. On the bearish perspective, it is centrally meaningful to note that bitcoin already fell below the 120-EMA (in orange) and below the lower boundary which is not a bullish sign at all, the only thing which can save bitcoin from its bearish future here is a bull-trap scenario similar to this scenario seen at the 11th of May as you can watch in my chart, such a bear-trap scenario can sustain a second time which can provide further movement in the overall rising channel. Overall we can take note that bitcoin will show more bearish pressure signs sooner or later but the big question now is if bitcoin manages to move above resistance and go on before moving back down or if bitcoin is just consolidating to form the next heavy lasting leg to the downside. Therefore we can divide the current situation into two possible scenarios with the proper outcome to play out rightfully which can be traded successfully when it confirmed suitably. The first will be when bitcoin manages to move above the lower boundary again and form decent bullishness there to test the remaining upper resistance and the second will be when bitcoin confirms the lower boundary (currently trading below) as resistance and sets up to form another leg to the downside. Compared to many altcoins bitcoin is currently still a stronger part in the whole environment as the breakdowns seen where not that heavily adjusted and devastating as seen in many other trading pairs but besides that bitcoin just gave off many important support levels and is trading below them which is certainly more bearish. For now, it is important to keep patient and wait on the proper confirmation to enter the market with a good opportunity and high possible setups otherwise the market can be traded on the speculative side but as this happens too often these days this is not a wise option as it is almost always the best decision to wait on proper confirmation before entering the market. In this manner, thank you for watching, support for more market insight, have a great day and all the best to you! The motivation to transform opportunities into gold remains the most significant tool for a trader. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
37