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Bitcoin-trading

Bitcoin, Decisive Formation Determining Further Outcomes!Hello Traders Investors And Community, welcome to this analysis where we are looking at bitcoins 4-hour timeframe perspective, the formation it is currently building, what can happen the next times and how to handle the situation especially when a confirmation occurs. Bitcoin is really trading in a significantly meaningful range currently where it has to decide if further outcomes occurring bullish or bearish as this is often the case after such formations we should not ignore the outcome and do not lock into one particular direction, in this case, I detected some interesting points which need to be considered and which can confirm the triangle in each particular way. On the more middle-to-longer term perspective bitcoin shows up a higher bullish edge but that does not mean the market can not fall to lower levels before a back-up can be considered. Looking at my chart you can watch there the triangle-formation bitcoin is building marked in blue with the price consolidating to the upside and also building support with the 50-EMA in red where it already bounced several times till the point where it is trading now and recently shown increased volatility to the downside where it is testing the 50-EMA once again. The next times it is possible that bitcoin will show a longer consolidation in the triangle as it is marked in my chart before deciding in which final direction it is going as it is highly unlikely that bitcoin shows an immediate direction in the condition it is currently trading, a bullish breakout is slightly more possible but it needs to be confirmed therefore the bearish case should not be kept by side. In such situations, it is important to look for the proper confirmation of the triangle as there are factors playing into the bullish as well as into the bearish scenario, therefore the best and secure way is to wait on the confirmation before deciding in which direction the journey will go, this will happen in the bullish case with a move above the upper boundary and a secondary confirmation of it will a bounce-back to the line to move higher, the bearish case will play out with a volatile price-move below the lower boundary and below the 50-EMA this will result in increased bearish downside movements and possible to trade on the short-side, in either case, the best way when considering a bigger entry is to look for the proper price-action in the level before entering. In this manner, thank you for watching the analysis, support for more market insight and all the best. Information provided is only educational and should not be used to take action in the market.
BITSTAMP:BTCUSD
by VincePrince
21
BITCOIN UPDATE, Break Below Support, Reversal Or More To Come?!Hi my friends, Welcome to this update-analysis where we are looking at BTCUSD which is sending some quite interesting signals at the moment as it fell below the two major rising-supports marked in blue as expect it is now somewhat in a shorter recovery since it bounced from its lower support level as suggested. The big question in this whole structure is now if bitcoin bears keeping their established pace to move below important support and show continued bearish pressure or if there is a stabilization in the current range where bitcoin manages to move above the mentioned EMA-support-resistance, in both cases, it is important to wait on the confirmation as this is so often a crucial factor in trading where traders ignore or just getting into high speculative approaches which are leading nowhere. In this case, I detected some possible outcomes and what bitcoin has to show in order to provide the proper scenario that we can take appropriate action, by the way, it is really good to watch our elite channel also profiting in such volatile times with smart short-side entries. Looking at my chart you can examine there that bitcoin just broke below the second major rising-support which is marked in blue and now bounced at the lower support-line in grey where it is consolidating between the EMA-structure, which is the 20- and 50-EMA marked in orange and black and between the lower grey resistance line, in this levels bitcoin currently forms a range where it can either break to the up or downside with continued volatility in the proper direction ahead. When considering the bearish scenario the formation bitcoin is building here can just be a bigger head and shoulder formation which when confirmed will show great selling pressure to the downside where an immediate bullish reversal will do not pop up so soon. In anticipation of the bullish scenario, bitcoin has to move above the EMAs and close there sustainable before considering higher levels to be reached but it is important to take note that there are still strong resistance levels where bitcoin will have a hard time to go above, in this case, the bearish scenario has a slightly higher possibility. In this manner, thank you for watching the analysis, and for your support, have a good day and weekend! ;) Information provided is only educational and should not be used to take action in the market.
BITSTAMP:BTCUSD
by VincePrince
14
Bitcoin, historical and fundamentalGood morning guys Bitcoin took back the crown and sat on the throne. I would like to talk a little about the set of events that have been unleashed in recent months. In previous reviews I discussed at length what halving is and what it brings with it, we talked about the pre halving setbacks that always happen in bitcoin based on fundamentals, in addition to historical PA. Without a doubt, the market has been different since 2017. The P.A is directly manipulated by the settlements of the different platforms that offer leverage. In my extensive analysis of halving (published in November 2019) I defined halving as a key point to start the bull markets in bitcoin. Composed of cycles that lead the market to excel. Historical Bitcoin behavoir during the pre and post halving. From 2011 to 2021. ibb.co Pre-halving retrace #1 ibb.co Pre-halving retrace #2 ibb.co Based on the price history, always after having an ATH we get a pre-halving high (Currently $ 13,175) which has been a historical bear trap. Reviewing the behavior of bitcoin since 2011. Following the pre-halving high we obtain quite significant retracements in the price, called pre-halving retracements. Ours happened on March 16, 2020, leading us to 3,600 in a sharp fall. Followed by our beloved halving that happened in the mid-8500s just over 30 days later. After that, as we explained in our analysis of the halving in 2019. On June 1 we had our first strong bullish impulse, and after the retrace we came in a strong uptrend worth noting. Aiming for a new ATH and completion of the current bitcoin cycle November 2021. We are currently resting on the support of 11600 (where there was a CME GAP that was missing to fill in, it is worth noting) In the 4-hour chart we have hidden bullish divergences, in addition to the EMA20 supporting us and a few bullish indicators. But at this point I think the most important thing to study is the volume, the technical indicators are not very helpful in these P.A. However I think we can get more out of bullish positions. Swimming into the highlighted channel to create a bit of consolidation doesn't seem like a crazy idea to me. Going down a little to 11450. However it will not happen if we manage to hold the price at the current point of 11600, this would lead us to 12300 and 13000. From the bearish side 11400 and 10400 look good as targets, just in case we don't hold up. Pay attention to this moment, we could get a winning position, holding or dropping the current point (If we are looking for a short term trade)
BITMEX:BTCUSD.P
by Altsignals
Bitcoin, Testing Resistance, These Are Possible Outcomes! Hello Traders Investors And Community, welcome to this update-analysis where we are looking at bitcoins 2-hour timeframe perspective, the recent events, the structural-formation, the importance of further outcomes and how to handle upcoming situations and take appropriate action. Bitcoin confirmed the huge global resistance it had properly and made this volatile but unnatural downmove which it now recovers and approaches important levels, now this does not mean bitcoin is completely bullish as it recovered nearly fully the bearish move to the downside, there are still strong resistance levels and not to mention the overbought condition bitcoin has on the higher timeframes, therefore we should not be naive and dont keep the reverse perspective out of sight as this is what to often happens these days. In this case I detected some important illuminations which will determine bitcoins destiny further. Looking at my chat you can watch there that bitcoin just climbing up and forming this first rising-uptrend-line marked in black which bitcoin confirmed as support but what is important currently are the strong resistance levels which bitcoin has and also confirmed several times in the past with heavy volatile bearish downmoves, the first important resistance to mention is the 11930 to 12030 which bitcoin highly likely will approach and after this it is posisble to enter bearish pressure as supply lies down but when this isnt strong enough bitcoin has still some room to move higher to the second resistance which is between 12150 and 12300 marked in my chart, when bitcoin approaches this level it can be a bull-trap as this is still huge resistance and the price can reverse in this level, only when price goes above this level there can be a possible continuation in sight till then we should not ignore these bearish signs in the established environment. What is meaningful in the structure is the 20-EMA marked in black and the first rising-support line in blue, when these two levels are broken to the downside a continuation is highly possible which will sent bitcoin to test remaining support levels in the structure which are the 50-EMA and the second rising-trendline, in this case it needs to be elevated and seen what bitcoin does there, if bulls are strong enough to stablize it can reverse and move higher otherwise when this does not happen and bitcoin also confirms below the second rising-trendline and the EMA bearish pressure will continue within a high possible spectrum. This does not mean bitcoin is completely bearish but it means it has to show how it can stabilize which is very important to not get overwhelmed by circumstance when markets do not move into the suggested direction, this means trading sustainable and dont rely on mere speculation. In this manner, thank you for watching, support for more market insight and have a good day! "Knowing trading is wisdom, knowing the market is enlightenment" Information provided is only educational and should not be used to take action in the markets
BITSTAMP:BTCUSD
by VincePrince
3
Final Phase Will Launch In BITCOINS Fundamental Wyckoff-Cycle!Hello Traders Investors And Community, thank you for joining this analysis about BITCOIN fundamental long-lasting and impactful accumulation Wyckoff-cycle where we will look at the 2 days chart in which I detected the importance of the established cycle details and how these individualities having an impact on bitcoins further determination coming up in the next days, weeks and months. As bitcoin has shown massive selling-pressure due to the corona increase seen this year where bitcoin experienced high selling pressure never seen in the time before, it recovered from it and recently confirmed above the strong 10.000 USD psychological resistance which I mentioned is a huge milestone to move above in order to provide BITCOINs final course of direction. All these events matched to the Wyckoff-cycle BITCOIN was developing the last weeks and months because of this I want to introduce you to the phases and what to anticipate the next times because of this meaningful structure which will go into the final phase now where accumulation ends as mostly smart-money has accumulated. Phase A: This was the very beginning and the initial phase of the whole cycle since the 2019 top was marked at the 13.700 bitcoin moved on with selling pressure as institutions taking profit and supply entered the market also from past price action. This supply entering the market converted into a PS where inexperienced traders entering the market assuming the bull-rally is still going on and providing a smaller rally to test remaining resistance where big institutions initiating there short-positions in anticipation of more bearishness to come, this mechanism ending into an SC (selling climax) where heavy selling occurs to push the price below support in this mechanism public is going to hear of that there can be a reversal but its still not the time where everybody is selling. After this comes the AR (automatic rally) pushing the price some higher as there is still demand in the market from uninformed traders which will not last long as supply is stronger in this range pushing price lower again and still smart-money institutions who entering their short-sells in these levels in order to trap the bunch of retailers in the market. Phase B: In this phase, the cause of a new uptrend is built where there enters selling pressure into the surface and large interests begin to sell their values and short-sell the market, this plays out into a secondary test in phase B (ST) where price pushes below the established support points and forms new lows in increased volatility and momentum meaning that much of the public is selling, this can cause several smaller rallies to the upside which seem strong but can not hold sustainable to form another new uptrend which will last. There can be more than one secondary tests in this phase which bitcoin has shown to us as you can watch marked in my chart with two rallies to the upside which did not last and confirmed to the downside again as high public selling occurs. All this playing into institutional interest as they are profiting of short-selling while waiting on the other end to accumulate new values in order to participate when the public is ripe, in such phases it is important to be prepared on the fake-rallies as they assume that the downtrend is over while accumulation is still going on and there is more to come. Phase C: Bitcoin has shown exceptionally volatility to the downside this year as corona hit all global markets and provided big selling pressures this was especially devastating in the cryptocurrency space as it has normally a high volatility of these events even more increased it which also confirming to the accumulation Wyckoff-structure going on in bitcoin these times where the heavy corona breakdowns also matched with other factors showing heavy selling pressure in a averagely short period of time and provided the spring which was intrinsically significant for the upthrust and recovery which followed, this spring where it was not hard to profit out of a short-sell and accumulation of new values provided the bottom in phase C and moved on to test the structure in order to move on. In this phase, smart-money is deciding either the price can be marked up or more downside can be initiated, this mark-up happened as many people where trapped and the bottom where confirmed at almost 4000 USD which was also a heavily oversold condition in bitcoin compared to past oversold conditions in bitcoin historical movements. Phase D: Here it gets really interesting because this phase will move on to finally confirm important points and is actually good for positioning in the market as rallies follow with the sign of strengths (SOS) and last points of support where the price lacks significant selling pressure as demand is higher converted over supply and now not only smart-money enters but also public in participation, also what was confirming the structure was the consolidation below the 10.000 USD psychological resistance while it was still possible to fail on this resistance bitcoin backed-up to form this decisive Sign Of Strength Above the important resistance which was the needed factor in order to confirm the further movement and Wyckoff-price-action, now we can watch that bitcoin will form a back-up and new last points of supply where it will test the support levels and has a high possibility to confirm them properly as this is also playing into the dynamic of the wyckoffian-cycle. As you can watch also the support of the back-up is matching with the resistance of past price-action in phase A. Phase E: The back-ups and last-points-of-support which lead to newer highs in phase D building up the fundamental groundstone to finally confirm into phase E where higher rallies will show up as crucial demand is increasing where smart-money already accumulated and there are news traders and retailers rushing into providing a new paradigm in price till this phase is stopping, this phase will come when bitcoin has successfully developed the re-accumulation provided by the back-up and last-point-of-support it is currently building. This phase also finally ends up the whole wyckoff-market-accumulation bitcoin has shown over the last weeks and months and therefore it can confirm the uprisings till a new cycle sets in which will be either a re-accumulation cycle or a distribution cycle that will alter the whole dynamic in a new light but till then the phase E can be in expectancy. Now we can watch that bitcoin is just in a strong and established cycle which will highly likely confirm into the next mechanisms and phases into the subsequent months and weeks to come. The move above the important resistance was an important step in order to conform to the upcoming phases and show how bitcoin will proceed, the contiguous times will be highly interesting and it should not be kept aside that there can be highly profitable volatile times ahead while bitcoin isnt the one which it was five years ago as the magnificence has changed there can be more ups and downs in future which is good for traders hedging into the market but it should be noted that the high volatile movements should not be kept to the light shoulder as the tricky price-movements in accumulation phases like these can be highly dicey for traders, in this case, it is important to be attended for the right line up within the market in expectation to a new re-accumulation or distribution cycle enters the surface as the possibility is given that bitcoin shows again these peaks and valleys it has developed in the habitual price-actions. In this manner, thank you for watching, support for more market insight and have a good day! There are many roads to prosperity, but one must be taken. Information provided is only educational and should not be used to take action in the markets
BITFINEX:BTCUSD
by VincePrince
20
Bitcoin, Move Beyond Historical Resistance, Validation Scenario!Hello Traders Investors And Community, welcome to this update-analysis of bitcoins historical price-moves above the important resistance zones where we are looking at the daily timeframe perspective, recent-events, the current structure, what we can expect the next times and how we can handle it successfully. This analysis is coherently following up to the analysis I made about bitcoin on the weekly timeframe perspective, where bitcoin pierced the huge falling resistance but not closed already above it successfully which does not mean this will not happen, on the daily timeframe perspective bitcoin is reaching out some very interesting signs I detected making it clearer how bitcoin can proceed and if the confirmation above the historical resistance was sustainable or not, as many people falling to the speculative approach and see bitcoin-only bullish we need to keep in mind the still ongoing corona-crisis and therefore also the reverse in mind. When looking at my chart you can watch that bitcoin just confirmed above the significant falling resistance which I marked in the chart from the tops of bull-market in 2017 to the tops of 2019, the fact that this was an important resistance to move above takes bitcoin in an overall bullish edge. Further bitcoin is in this huge trading channel where it already confirmed the upper and lower boundary several times and now testing the higher boundary another time when bitcoin has the strength to move above it this can cause bullish rising. Overall it is important to note that bitcoin needs to hold the level which you can watch marked in my chart in orange and the support in orange at 10350, the next days it is possible that bitcoin visits these areas and when there these levels need to behold because bitcoin will show bearishness below it. As major cryptocurrencies formed high volatile movements so also bitcoin now, the big importance now is to build on this strength and do not invalidate it again with bearish pressure, therefore it is important that the economic situation with corona stays stable and that there do not come fears into the market which will drag the price down similarly to those mechanisms seen in march this year. The next times will provide if bitcoin has enough possibility to move above the upper boundary directly or form a correction before, in this correction it is highly important to hold the mentioned support at 10350, by the way, it is really great to watch that we made some good profits in the elite channel as we entered before the volatility set in to profit out of it, in this case, we could secure our positions and now look what the market will do next. 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.
BITFINEX:BTCUSD
by VincePrince
61
Bitcoin, Meaningful Step, Proper Alignment More Possible Now!Hello Traders Investors And Community, welcome to this update-analysis about bitcoin weekly timeframe perspective, the fundamentally significant events occurred, what this now means for the overall weekly timeframe structure already mentioned previously and what we can expect from this the next times. The important falling resistance I pointed out bitcoin established was now taken out with a volatile candle to the upside which was needed to activate the proper scenario A and increase its probability further, I highly recommend that you watch this analysis to have a full-depth-overview also to this analysis which is coherently following up to the past one, further I made some levels thicker and like the second falling resistance which is a level of high importance currently, the step above the 10.000 psychological resistance was highly important and necessary for further alignment. As you can watch now marked in the chart bitcoin has just confirmed above the first falling resistance and testing now the upper boundary of the smaller channel it is trading in which is a resistance where bitcoin bounced already several times, therefore, it is in the possible spectrum that bitcoin does this another time now before moving up to test this upper boundary again to final confirmation. This resistance and the overbought condition bitcoin is trading currently in can indicate the bounce to the previously established support/resistance mark at the 10.000 - 10.500 level you can watch marked in orange where bitcoin has now some solid support by the resistance developed before. These facts lying ground for the more probable scenario A which was that bitcoin moves above the falling resistance before making a correction before. Currently, bitcoin has pierced the second large falling resistance you can watch marked in red, which I also made thicker because this is the more important resistance of the two. The factor that bitcoin pierced this line and also closed above it by weekly close can be a first indication that bitcoin also takes out this second falling resistance. When bitcoin takes out these last resistance levels there is definitely room to move on with scenario A and value above. As mentioned before this was the needed price action to validate scenario A and invalidate the B and it was also one step for bitcoin to hold on to the pace which some altcoins already established. We will watch how this whole scenario is playing out in the more likely scenario and especially how bitcoin will proceed when the scenario has played out properly. Bitcoins situation compared to other global markets is currently a healthy one as the major stock-indices still trading below all-time-highs and showing mixed signals bitcoin has shown strength now but now it is more important to hold this strength and build on it where there should not come bearish signs which can invalidate it again, by the way, it was a really profitable time in the elite channel where we profited out of the volatile movements, further it should be noted that a dramatic increase in the corona and the fears resulting out of it can lead to high volatile selling to the downside similar which affect all global markets similar to those price-actions seen in march this year, when this does not happen bitcoin has a good future ahead, in such situation it is important to not rush into bad trades with FOMO as this happens often these days, it is better to wait then make risky decisions when the train already passed. In this manner, thank you for watching, support for more market insight, have a great day, and all the best to you! Trading effectively is about accessing possibilities, not certainties. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
26
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