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Bitcoin-Wyckoff-Market-Cycle-AnalysisHello Traders Investors And Community, hopefully, everybody is doing well in this volatile time we are facing today and welcome to this analysis about the important distributional events I detected bitcoin currently develops and which will affect the price sustainable in advance the next hours and days. Today we saw huge volatility at all global markets caused by the corona-fears about a second possible lockdown-restriction-phase which can have an effect on all global markets also in bitcoin similar to what we have seen in March this year. Beside the distributional events we currently facing I detected other significant technical signs which playing into the scenario that will develop when we enter the next phases within bitcoins-Wyckoff-cycle. In this manner, it is important to understand the fundamentally important Wyckoff-distribution phases and its details and nuances in the current situation with bitcoin. The Wyckoff-method provided already an exponentially high amount on distributonal and accumulational cycles in the different global markets, where you can find different examples below in the analysis and therefore it is a potent indicator for me which applied in the current bitcoin situation can lead to some good opportunities furthermore. To illuminate the importance of the events playing within bitcoins price-action we are looking at the different phases bitcoin already confirmed and will confirm in the next times. Phase A: This phase is very important for the whole other distributional cycle bitcoin is currently trading in. It marked the first stopping of the prior uptrend with evidenced supply entering the market at the preliminary supply (PSY) level you can see in my chart, this was the first point where smart sold their bitcoin which bought in before and it is also matching with the psychological 9000 levels. After the PSY bitcoin provided the BC (Buying Climax) where volatility and volume reached a maximum and retails traders rushing into the market selling their positions to smart traders. After these events marking the stopping of the main uptrend, we got the automatic reaction (AR) and secondary test (ST) which marked the final confirmation of phase one and additional supply entering the market in this phase, these phases lying ground for the further distributional events and decline in price which will be the final point in the structure. Phase B: The phase B is actually the longest phase in the structural construction and is marking the next final steps to complete the distribution with an upthrust (UT) which is actually a significant element in the range in the case to build a new cause for a downtrend and it is factly a bull-trap trapping all these breakout-traders into buying above the established support-lines where smart traders entering the market and shorting it which is a common practice in today's markets. After this bull-trapping upthrust has occurred bitcoin showed us the sign of weakness in-phase (SOW in Phase B) where we got the move below support-lines with heavy volume and volatility which indicated the weakening of demand in the structure and a new cause for the next steps to determine in the downtrend. In this event, we can clearly see that supply was dominand and after some sideways movement bitcoin moved on to the important phase c in the distributional events. Phase C: Here we go further with the trapping of the public as smart-money initiates a second upthrust after distribution (UTAD) with the final remaining test of demand-conditions in the structure and it is similar to the upthrust a second bull-trap trapping all the retail public traders in their positions before a final confirmation and burst to the downside begins within the next phases. It was actually also a point where many people called for the moon because of the high volatility we got there and this was all just a huge bull-trap initiated from smart money to pull the prices down and enter new short-positions, it may be wise to open also a short-position in this event but this can prove dangerous as smart-money can constantly provide an upthrust after the other before finally marking the downtrend which comes to the fully conclusion int he phases D and E and the increase of supply entering the market in these phases. Phase D: Phase D is confirmed in conclusion after we had the last high due to the UTAD in the structure and it is marking serious supply entering the marked with one or more signs of weakness (SOWs) entering the market-landscape, these signs of weakness are usually provided by high volatility and volume and pushing the price below important support-lines marked before like the one established by the buying climax you can clearly see in my chart after such a move we saw a smaller consolidation-phase within bitcoin and the lack of bitcoin to rally in the structure it is also the phase where first traders waking up and detect that there is something wrong in the price-action and that there may be more selling pressure to the downside after the last point of supply (LPSY) developed which showing a lack to rally in bitcoin and stopping at serious resistance levels before moving on to the next signs of weakness. Phase E: This is the last phase and the most devastating of them all as the price is now trading below important support-lines with the bearish structural elements the last point of supplies and sign of weaknesses established there is not much possibility left for a bullish continuation or reversal this phase will establish in the bitcoin price when we mark below the important support-line you can see in my chart at the 8400 level. It is also a good place to enter a short-position as volatility to the downside increases extremely and the prices decline with extreme speed. The final dooms-phase has entered after this has confirmed and the declining will not stop before there is significant support found and a new accumulational phase or re-distribution has begun. Bitcoin Wyckoff Distributional Events Example (Apr. 2019, 4-Hour Timeframe) GOLD Wyckoff Distributional Events Example (Jun. 2014, 4-Hour Timeframe) The current situation is a crucial situation for bitcoin where it has to decide how fast and with which intensity the next phases will be entered, as we have other technical elements in the current situation which giving this scenario an additional increase in probability and as we have heavy supply entering the stock-market due to a possible second corona-breakdown and the fears resulting out of it in the markets we definitely need to be prepared for the case that phase E will be an important step into unloading the whole structure to the ground. It is meant to keep in mind that when we do not hold this level and provide an additional accumulation phase the declining confirming out of it can result in heavy breakdowns and wise traders should be prepared on this scenario. When looking at the daily timeframe we have also the rising wedge currently in bitcoin which can provide additional confirmation in the range and will be confirmed when we break the lower boundary to the downside. When looking at the long-time-picture of bitcoin there are significant levels of support in the structure that need to behold for even contemplating a possible reversal or resulting continuation to the upside otherwise the probability for that scenario is quite a marginal one. There are many people calling for the complete moon and reaching it in below two weeks which need to be differentiated at the moment, it is important to do not fall into illogical speculative aspects and trade what to see and not what to think therefore there are quite many obstacles in bitcoins way when contemplating the bullish scenario. In this case, it is significantly true to keep the next distributional events standing in front of bitcoin in mind and be prepared to profit from possible opportunities arising from them. We will see and contemplate where the whole journey can determine and if there are any possible stabilization signals within bitcoin further continuation. In this manner, thank you, everybody, for watching, support for more market insights, good day, and all the best! 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
131
THE WAR BETWEEN BULLS AND BEARS CAME TO ENDBitcoin started a triangle a week ago and looks like the triangle is ending and we can predict that the price will test the 4 months old support. After testing the support, we should expect a comeback to the main resistance and a test. If there is a high volume , BTC can break the resistance with a large move to 10K+. However I don't think that it is an easy resistance to break so my main call would be a come back to 9350 USD. This move will surely extend the time for the bull season to start for at least 3-4 months.
by edider
1
BTC/USD Formation of a symmetrical triangle. Pivot zones. Trend Potential price reversal zone . But do not rush. Day candles (volatility) are not large. No seller volume. A symmetrical triangle forms at the top of this local trend. The goal of the figure since its potential breakthrough is about 20%. Symmetrical triangle - 50/50 uncertainty figur. Its formation, breakthrough and price fixing will give a further direction to the market. For clarity, past local trends have been specifically shown to better understand the situation and work. In the previous trend, the reversal pattern after breaking the uptrend line was the “ head and shoulders” pattern. If you are not in a position, the entry will only be on a breakthrough or a pullback after breaking a triangle, depending on your trading strategy. If you are not sure about something, use a stop loss. It is MANDATORY to use stop loss in margin trading. How to trade in secondary trends in such situations has been repeatedly described in training articles written by me on "live trading examples." I will not repeat myself. You must understand that Bitcoin is an indicator of the entire market. The past trading idea of ​​BTC / USD, the scenario of which is developing in this situation. BTC / USD Preservation of a position in a trend. Ascending wedge. Important area. Trend development and testing of an important reversal zone. In this trading idea, I showed the global trend of the BTC / USD pair. BTC / USD Trend Trading. Important area. Fantastic scam.
BITFINEX:BTCUSD
by SpartaBTC
29
The Hidden Force, BITCOIN Approaching Historical Moment!Hello Traders Investors And Community, welcome to this update-analysis about bitcoins current market situation and where we are going further with the overall movement and its price-action-mechanism. In my observations, I found some highly important and fundamental technical signs which can indicate a bearish reversal with a ongoing continuational breakdown similar to the pattern we have seen originating in February this year and providing heavy bearish breakdown after touching the 10.000, for now, we see similar signals in this range that can provide a historical step in bitcoin and that can affect the price-action meaningful the next months ahead, therefore we are looking at the daily timeframe and also on the locally 4-hour timeframe to enlight a better perspective on the details and nuances in the past formation and similarity to the current one. Alright, when looking at my analysis you can see that bitcoin is trading in a huge and long rising channel which is marked in light-blue, this channel is actually similar when not highly identical to the first rising channel which stopped at the 10.000 USD mark before breaking down and providing this heavy down-move. What is of high importance now is that we see exactly a similar formation to the first reversal in the rising channel, this formation consists of two initial lower highs (in the channel) and one final lower high (outside the channel). Bitcoin already formed the two initial lower highs in the second channel right now and already confirmed outside the rising channel which can give an indication for the third and final lower high in the structure which will confirm the formation and lead to a similar breakout seen before. First Lower High Formation (Inside The Channel + Outside The Channel): Second Lower High Formation (Inside The Channel + Outside The Channel): What is also amazing is the similarity between the length spend inside the channels, at the first channel it was 63 days and the second channel now confirmed outside on the 73 days. All over this is one more given factor in the high significance of similarity in both formations. The next days we can expect bitcoin to form another lower high in the structure after that it will be critical for bitcoin because when we fall below the 8100 level, which I already mentioned in previous analysis there will be a bearish shape with high possibility, therefore, we should be prepared for this scenario and take the proper action when it happens. I know many people taking the moon into consideration but at the moment the possibility for that scenario decreases because we have this formation moving on and the significant resistance at 10.000, when we confirm the 8100-200 range as solid support, for example, the likelihood for a bullish break increases but when we fall below that level and form another lower high the bearish scenario will confirm in all means available which should be kept in mind. To succeed in this current market environment we should be aware of the possible breakout and don't get astonished when it happens so we can take the proper action and profit out of the opportunities arising from the situation. When we see the bearish scenario confirming it can be traded on the short-side with targets in the bearish ground zone which you see in my chart, it is the wisest option to wait for confirmation at the moment and prefer the safety of cash than to rush aggressively in the markets. On the bullish side a clear break of the 10.000 with good volatility can be traded conservative after confirmation. The best option we should consider now is to keep patient and have the outlook for the proper confirmation. It is almost always the best option to wait for the right breakout before placing, there is never a hundred percent sure setup, there are always possibilities in the markets which can increase or decrease and traders should take advantage of the highest possible scenarios to trade them rightly which are most often confirmed setups with a clear shape in the direction. In this manner, thank you everybody for watching my analysis, and feel free to support this will be great. There are many roads to prosperity, but one must be taken. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
63
Bitcoin, Still In Channel, Paramount Support To Be Stabilized! Hello Traders Investors And Community, welcome to this analysis about the current situation facing bitcoin, at the moment we are still trading in the overall big rising upward channel but this can change the next time, currently we are in the consolidation but this can change when bearish pressure increases. As I already described in the locally time-frame we can get a triangle there which will confirm either to the up or downside, if you did not see this analysis already I recommend that you go to my account and check it out. As I discovered in the bitcoin chart there added some signals together which making the overall shape clearer in which direction we are going further therefore we are looking at the daily bitcoin chart. As you can see looking at the chart bitcoin found support at the 30-EMA which is marked in blue in my chart this is an important level for bitcoin because we bounced there already several times in the previous trend. At the moment it means the trend is still bullish, what is adding to this bullishness is the blue rising channel in which we are trading but this bullish outlook can change when we fall out of the rising channel and below the 30-EMA which will serious and important indications for a possible bearish continuation as these levels holding the overall price still stable. When this happens it will give bitcoin an initial push to visit lower levels of support in the structure as you can see it marked in my chart. For now, it is possible that we confirm the lower trendline of the rising blue channel to set up for a breakout of the higher resistance at the 10000 but this possibility is very marginal and not within the likelihood spectrum because the 10000 level is still heavy psychological resistance level which was the origin of the heavy breakdowns seen last months. In this case the longer correctional consolidation will come when we break the blue rising channel to the downside and confirm below the 30-EMA. This will be a major step in bitcoin because it will take out the overall uptrend rising channel which holds the important uptrend we had for over two months now therefore this is a meaningful scenario that shouldn't be ignored. The overall structure looks like a hug bull-flag developing at the moment which needs to confirm properly for further continuation, remember that we need to confirm the important support in the range at 8100 to have a chance that the bull-flag will be realized as a real bull-flag and not a fake one, for this scenario the support at 8100 is extremely important to hold otherwise when we break this support to the downside there will come high bearish pressure and bitcoin will look for more downside to come in the bearish ground range which you can see marked in red in my chart. Therefore it is important to hold the support but when it does and bounces with good volatility we have a good possibility within the schedule that the bull-flag confirms to the upside. So, friends, this should give you a good overview about the current situation with bitcoin and what we can expect in the next days and weeks. There are many people calling for the complete bull-market catapulting bitcoin to one trillion in market cap but this is an unrealistic approach in the markets and of high speculative value, to succeed we need to see the market in the clearest light as possible therefore we need to attain a cool head and be prepared when changes occur in the market to take opportunities with the best arrangements as possible this means to not be overly optimistic in one direction which happens too often and to keep in mind that the market especially fast-moving volatile markets in today's economy can change dramatically. In this manner, thank you, everybody, for watching, support for more market insight, and a good day to everybody. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
21
Bitcoin, Building Another Big Triangle After The Small One!Hello, Traders Investors And Community, welcome to this update-analysis about the remaining indecisive situation within bitcoin and where we are heading further the next hours and days. The small triangle which I mentioned in past analysis broke finally to the downside if you didn't saw this analysis I recommend that you go to my account and watch it to have a full-depth-overview. At the moment there added some other significant signs which make it clearer in which direction Bitcoin will develop in the middle-term-perspective and the remaining conditions that need to be fulfilled to confirm the proper scenario, therefore we are looking at the locally 4-hour timeframe. As you can see in my chart bitcoin confirmed the small red triangle exactly as mentioned and is now approaching the expected downside target-zone at the 8730 levels when we touch this zone it will be confirmed highly likely as support. What is more important in the bigger picture here is that bitcoin is forming a large triangle here which you can see marked in blue in my chart. This triangle was already realized by two touches of the upper boundary and the second touch of the lower boundary confirming when the downside target is reached therefore it increases the small-time bounce in this level for a rally to test the higher boundary of the triangle. What we need to keep in mind here at the moment that bitcoin is building an overall consociational range which will break either to the up or downside. Remember that the best trades resulting from confirmed setups, in this case, it is the same, we need to see a confirmation before taking advantage of the opportunity as it is always almost the case. So when considering the continuation of the before established uptrend we need to break the upper boundary clearly to the upside after the third initial test, after this has been done the best will be a consolidation above the upper boundary or a test of the upper boundary to signal the continuation. When considering the bearish side of things the importance of the current resistance at the psychological 10.000 USD mark should not be ignored therefore the bearish scenario is still in the schedule and will be realized when we clearly break the lower boundary of the triangle to the downside with a volatile move signaling continuation. After that has been done there is an important support level at 8100 which needs to behold for a possible bullish reversal otherwise when this is not the case the bearish breakdown below this level will be extreme because there is not much support below this area, in this case it will be possible to probably add to the short-position or open a new one when not already traded. Thanks for watching everybody, support for more market insight, and a good weekend! ;) Climb the mountains and get their good occasions when they show up. In this manner: FAREWELL Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
56
Bitcoin, Builds Important Triangle, Upside Breakout More likely!Hello, Traders Investors And Community, welcome to this update-analysis about bitcoins current situation in the locally 4-hour timeframe and what we can expect the next hours and days. At the moment bitcoin is still in a consolidation phase and after such consolidation, we see almost always a high volatile breakout either to the up or downside, in such cases we need to consider and elevate which breakout is more likely as I already mentioned in recent analysis bitcoin has the potential to move above the 10.000 USD level which needs to confirm because it is an important psychological level which we confirmed several times as bearish resistance in the past, in the last time there added some significant signals which I discovered and which will determine bitcoins further outcome, therefore, we are looking at the locally time-frame. As you can see in my chart bitcoin is building an overall range between the 9100 and 9950 levels here which can be determined as a triangle, the upper boundary and lower boundary of the triangle are marked in blue in my chart. You can see the price increasingly falling in volatility and volume which means a heavy breakout will develop, the big question now is in which direction we will breakout. At the moment both directions are possible but we have a higher chance to break out to the upside when we take out the important psychological 10.000 USD mark, remember that this mark has to be taken out sustainable with a clear break and high volatility above the upper boundary of the triangle when this does not provide we can see a sell-off in the direction down after price failed to hold the 10.000. The importance at this triangle right now is that it can both break to the up or downside because we have more technical factors which makes it important, at the bearish side it is the extreme significant psychological mark and at the bullish side it is the rising lower boundary with higher lows which makes the breakout possible but as this is normally a bullish breakout formation the tendency for a breakout to the upside increases because we tested the 10.000 several times now and didn't fell to the downside when thinking in possibilities I give the upside breakout 70 % and the downside breakout 30 %. The bullish breakout will be confirmed when we cross above the 10080 levels into the upper range resistance you see in my chart and after that confirm the upper boundary with a pull-back. A great deal in such formations is that both breakout scenarios can be traded properly when the breakout confirmed, many traders are aggressive in the markets and want to have fast results according to extreme bullish or bearish expectations and setups which fulfill 100% for sure but the patient approach is most often the best opinion for wise traders who want to profit on a long-time-scale, therefore, the recommended entry in such scenario like the current one is to wait after the right breakout has confirmed and then take the trade in the breakout direction, of course, it is possible to take an immediate aggressive entry but this is a mere speculative illogical approach in the market because we didn't see any serious confirmation right now and the price can still turn in the other direction. In this manner, thanks for watching the analysis, support for more market insight, and a good day everyone! ;) 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
8
You need a dollar dollar, a dollar💰 on Bitcoin...!!!30-min chart - New "Value Area " negative sign (U-turn) R-8912 nearby The "Parallel Channel" price congestion expected with decisive zone : still not clear up or down...? ==> ✍ Kindly Vote in comment , what you think Plan A or B? Weekly Trouble/Downtrend: This is the road of the Bitcoin, we can see where it goes together You & I know, trend is downward from this pattern. Bad times are coming and I & you reap Dollars, isn't it? It's been a long old trouble long old troublesome road below 8241 w hich can push price down free fall. Last Selling Successfully Target achieved of Bitcoin:
BITSTAMP:BTCUSD
by Jay_shree
393
No change in PLAN, but little more advance clues! BTCPlan (B): Sell, 10086-10333 nearby for target 8874-8838 and 8842 nearby Bottom of the page, this plan(B) original idea posted. => Below 9819, the price is not bullish and its can continue to create new value are approximately given in projection. If you are holding your position from Plan (B), trial stop-loss on closing base of candle above 9818. And you can continue to hold first target at 9444 nearby. You can write your query in comment section and kindly dont forget to hit LIKE button. The parallel channel has two resistance, one is at 9857 nearby and one exact near the cmp. The positive sign is developed. two chart are opposite to each other. Be active and careful...! Just look at this simple support . -------------Active call for swing traders------------ Follow me if you want more update. Thanks.
BITSTAMP:BTCUSD
by Jay_shree
519
Bitcoin, Trading Between The Lines, Local Range Building!Hello, Traders Investors And Community, welcome to this analysis about the locally price-structure within the bitcoin-price and therefore it's resulting range building and further movement of price, we had seen bitcoin taking out several important resistance zones with high volatility nevertheless there is still resistance remaining which shouldn't be excluded. We are looking at the local 4-hour time-frame and there are some meaningful signals we can note at the moment. This is a view of the local price-chart, I also made an analysis of the middle and long-term price-chart which I recommend you to watch when going on my account and looking at the analysis to have a full-depth-overview. As I already postponed bitcoin crossed the historical fundamental falling trend-line which resulted in the falling lower highs of the past. It was an important step to take out this trend-line and therefore confirm the overall wedge we have in the higher time-frame. At the moment we can expect bitcoin to visit this area again as we bounced back from the consequential 10.000 range which already served as strong resistance in the past. However, there is a profound support-cluster which you can see in my chart, this cluster has more than one bullish support-factor which will be highly likely respected when we visit this area again and test it as possible support. Firstly there are the highs build in the trend before at 9330 and it is also the level where we tested the falling trend-line, secondly, there is the EMAs 35 to 55 which confirming this overall support-zone and next, there is the falling trend-line itself, therefore, we have the really solid likelihood that we will bounce in this area. The big question now is the consideration if we can hold this level up as strong support or get a weakening price-structure. We need to keep in mind that it is also possible that we bounce here several time before building a smaller range and finally going down similar as we had seen it between 10th February and 18th February this year. So this scenario has definitely importance in the structure, in order to succeed and continue with the local trend we need to take out the blue falling trend-line and at least test the grey resistance you can see in my chart marked at the 10030 levels, after this, we have potential to move higher at least testing the level between 10470 and 10610. Overall we can see bitcoin building a range here firstly a smaller range between 9330 and 10030 and after we confirm the scenario as mentioned and seen in my chart the bigger range between 9330 and 10600. For finally succeeding with the overall current uptrend we need to building stable support in this range before moving higher otherwise we can still confirm it as resistance and fall down similar to the scenario we had seen between the 10th and 18th February and also before that at 27th of 2019! These examples exemplifying that there is serious resistance in this zone that needs to be taken out to provide a solid confirmation to the upside. Currently, we need to keep an eye also on the bearish scenario as the market is overbought and we confirmed this current range more than one time as strong resistance. I see many people calling the moon to be reached in one week this is factly not possible as bitcoin is moving slower than in 2017, therefore, we need to see how bitcoin continues and provides us the proper confirmation to succeed sustainable. Thanks for watching, support for more market insight, and a good weekend, everybody! ;) Intercession is the key of the morning and the fastener of the evening. In this manner: FAREWELL Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
13
Predicted next shifting new value area on BITCOIN.By observation of historical price and value area, I have found that after a specific time of value always shift to new value and price stay there for a while. For the new value, looking on 9th May 2020 as showed in up and down with the labeled as "NEW". Yes, Its so hard to predicting next shiftin g value area but its possible by looking at the volume increasing with the price. I will best try to judge before start to shift new value area for you. If you want Notification at exact time of shifting then LIKE and Follow me . Thank you: Last my successful targeted posted idea:
BITSTAMP:BTCUSD
by Jay_shree
262
After Long Sideway-Market, Bitcoin Confirmed Outside The Wedge! Hello, Traders Investors And Community, welcome to this important bitcoin update-analysis, the last time we saw one possible scenario which I mentioned and how bitcoin could proceed which exactly confirmed now, bitcoin made a fundamental step in taking out the long side-ways-market trend-line which exceeded 315 days. The currently moving market is faster as expected which can indicate bullishness but also need to remind us of a possible reversal. I recommend that you watch the analysis where I mentioned the huge broadening wedge in which we traded and which bitcoin confirmed now, you can see and read it when going to my account and look at it, it will be useful to have a full-depth-overview. After we had a second test of the upper boundary falling trend-line bitcoin finally gone through it with high volatility, this is usually a bullish sign but be aware there will come minimum a correction sooner or later as the market becomes overbought at the moment. As you can see when looking at my chart we have an important support/resistance line above the current price-action between 10200 and 10600 this is an important price-mark which shouldn't be ignored because we bounced several times in there also it is the meaningful psychological 10.000 which is a price-level where still supply, bigger or smaller can enter the market and pushing bitcoin down at least to test the remaining support-levels. As you can see in my chart we can expect the correction to occur after we touched the yet resistance-level there is a higher possibility that we will at least test the falling trend-line for validation like you can see it in my chart. After this, we can move higher, as you can remember I mentioned the broadening wedge which is technically confirmed now and the target is between 12660 and 13700 which you can see in my chart, there is a high possibility within the schedule that we will reach this target within 2020. Note that we just finished a long-time sideways market of 315 days, therefore the confirmation above the falling trend-line serves as an important reference point for further volatility. What we need to keep in mind also when looking at the current structure and indicator formation is the 200-EMA and the 400-EMA which you see in the chart in blue and orange, the two are coming nearer and it is possible that we will get a bullish cross-over, the last time we have seen such a cross-over was at the 13 th June, after that date bitcoin made a higher volatile bullish move originating from 7980 and finally forming the higher high at 13815. Because of that fact, the bullish cross-over will be a consequential sign for reassessing further movement. Now mix all these signs together we can expect bitcoin to make a correction before possibly moving higher to get the broadening wedge-target. Great, this should give you a good overview of the current situation note that we have to take out the proper resistance with a decent consolidation to move higher! The confirmation was also what I wanted to see for bitcoin to confirm the further trend as I mentioned we cant proceed accordingly and be sophisticated after we have the right information, it is always the most logical market-approach and what we should always keep in mind to wait for the proper confirmation and then trade the highest possible scenarios not take action in the markets of pure guessing, it shows one more time that we need to trade what we see not what we think or speculate which happens too increasingly often in today's environment. Thanks for watching, Support for more market insight and all the best! All progress takes place outside the usual expectation. In this manner: FAREWELL Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
12
Trade setup on 💰Bitcoin for "Swing Trader".Trade Setup for "Swing Trader" :- Plan (A): Sell 9692-9780 nearby target as 8874-8838 and 8842 nearby If you can chance, then Plan (B): Sell, 10086-10333 nearby for target 8874-8838 and 8842 nearby The U-turn (at 5th wave) clear on Projection in next month. We'll in down-side trend before the starting next month. -------------------------------------------------------------------------------------------- Don't forget to 🙏 FOLLOW me. --> Share your 💕 LOVE continually by writing Comment ✍ ======================= Replay (last worked) ======================
BITSTAMP:BTCUSDShort
by Jay_shree
210
Bitcoin-Halving-Cycle-AnalysisHello Traders Investors And Community, here is the big significant and fundamental meaningful bitcoin-halving-cycle-analysis I constituted and show to you. As the next halving will approach estimated in one week left at the 12th May of 2020 we are at a historical moment in bitcoin history, the next week's bitcoin will show us if the next halving will affect the bitcoin price similar to the past ones. This is a long-term analysis on the weekly time-frame elevating the whole next halving cycle, I also made short and middle-term analyses that you can watch when you go to my account which I suggest for having a full-depth-overview. As you can see in my chart bitcoin is moving in a giant uprising channel, with two halving cycles already completed. The halving-cycles consist of two periods, firstly it is the accumulation/consolidation period where large interest begins to settle in bitcoin and cryptocurrencies and buying large sums of the individual currency before the public begins to enter. The second period is the growth-period where the public and all retail traders enter the surface to get the wave and profit from it. When looking on bitcoins past history we can elevate that the halvings had a direct impact of the growth of bitcoins price. Bitcoin made an increase in the price of 90.52 times more after the first halving and 28.74 after the second halving which gives an average increase of 59.63 for the whole halving cycles periods when we multiply this number on the next possible cycle developing this gives a result of 550384.9 which is a big number, in fact, the increase in price can be lower but there is a high possibility given that the halving will have a big impact on the price-growth similar as we have seen it already in the last two halvings it is possible that the next halving cycle is similar to the first one. The next weeks will show how it will play out, note that we had a little dip after the halvings due to supply in the markets from bitcoin miners etc. Also the fact that bitcoin has only 21.000.000 of total supply and every bitcoin halving the reward for miners will be halved makes it a rare and requested asset in the future which is a possible factor for the inflation in price, do you think this was the plan of satoshi or was it a coincidence? As we can see now bitcoin is still in the consolidation-period but this can change after we start to grow in the growth-period. Great, this should give you a good overview of the current bitcoin-halving-cycle situation, feel free to support for more market insight and all the best to you. "Success seems to be connected with action as the halving cycle is connected to the bitcoin price growth." FAREWELL Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
33
BTC/USD Trend Trading. Important area. Potential. Fantastic scamBTC / USD Trend. Price redrawing of the main BTC trend and, as a result, the upward channel. Halving. Important area. Fantastic scam of the century. The maximum potential of the Lord’s ascending channel, if there is a breakdown and consolidation above the downtrend line of the secondary trend + $ 113,000. Trend lines, ascending channel, important zones and price levels are shown on the chart. My last trading idea that was published almost a year ago on June 27, 2019 about the potential formation of the structure that is currently being formed on this instrument. The time frame at this distance also almost coincided. BTC is the possible formation of a global triangle. In this trading idea, which was published almost a year ago, everything coincided, not only the price movement that I predicted, but also the time for its formation. Trading with the trend Option of forming a global triangle June 27, 2019 This is the idea of trading - learning, which was published in February 2020. After reading it, you will understand why I on the chart now drew two channels superimposed on each other. During the breakthrough of the triangle down, the price slightly redrawn the main trend (yellow line). If you have a clear scheme of work and discipline in your work, you physically cannot trade in any market at a loss. Rock your brain, not your desire. EDUCATION Trading on trends and important directions using the example of Bitcoin. Read about trends in this educational idea, this will give you an understanding of how to work in the market. Information is relevant both for global trends and for local ones. TRAINING. Theories of the Dow. Types of trends. Phase TRON. Still a little) Century scam. Fed. Gold increase from $ 20.66 to $ 1800 1933 Confiscation of Gold from US People 1971 The dollar became independent of the price of gold. I also ask you to read this article with understanding. the entire price history of the Dow Jones Index movement from 1915 to 2020. The article is very extensive. Do not be lazy to read and understand.   I emphasize once again that all these events with gold, the dollar, the economy in the past and now are very connected at the moment with cryptocurrencies (the new single world currency). This is a global plan, planned in advance and implemented in stages. Dow Jones 1915-2020 History of key U-turns. The situation is now. Options for the development of price movement. Well, in this idea, a trading article - tutorial, you will see how to make big money where the crowd sees hopelessness and falling prices. Once again, I emphasize that I do not have cryptocurrency training articles on old charts where all are super traders. I show everything on my ideas. For this pair, XLM / USD showed a trading history for 8 months, and I trade it much longer. I don’t think that “super traders” sellers of training courses or signals in telegram channels will teach you this for a fee. I have everything in the public domain, use it for free. BIG SECRET. For example, a bunch of pairs XLM / USD + BTC / USD Digit language The total profit at the moment for a cycle of 213 days for this pair is: 1) + 156% (long). 2) + 68% (short). 3) + 102% (long). 4) + 68% (short). 5) + 156% (long). To have a large monetary resource, you need to have a large intellectual resource for its management. Unfortunately, most people have only the desire to have a lot of money, but there is no intelligence to receive it. Develop your brain and skills.
BITSTAMP:BTCUSD
by SpartaBTC
10