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Bitcoin-trading

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
The possibility of something is cooking in Bitcoin kitchen...!All the major resistance and support plotted on the chart. The price breaking out any of these R 9083 and R 8398 will give us new direction of trend . The excess/penetration has been seen out side of parallel channel/value area. The price can be dump and damp between Upper Bound: Parallel Channel and Lower Bound: Parallel Channel. Traders can trade both either buy at pepper bound or sell at lower bound until breakout the channel with confirmation. Let take a closest look with different angles: Very Low Volume Narrow range in price with series of almost no body of candle. price rotation remarkable point: price falling with vol. volume before the price rotation. ---> You will get big move shortly with volume surged .
BITSTAMP:BTCUSD
by Jay_shree
228
Can you Grab 3000 points move on Bitcoin...? Present pattern is Parallel Channel . Bitcoin on the daily chart, we have studied about 3 patterns and each patter is Breakout. Each the breakout are plotted with price moved measurement. --> Why am talking to you about Chart Pattern & Breakout? From the above observation about the pattern & breakout it is clear that we get a minimum 3000 points move after the each breakout. I make you a promise that the upcoming breakout give will you with a perfect direction and time. I will surely put all the profit in your Bag. Recent my studied on BTCUSD:
BITSTAMP:BTCUSD
by Jay_shree
269
Elliott wave in 1day chart. Is this time to exit?Kindly follow for daily new ideas.💡 feel free to contact in Personal if you have any doubts. I’ll always help for free. :) . Impulsive Elliott wave in 1day chart of Bitcoin/USDT . If you’re long term hodler, You do not need to worry because on weekly chart it is still on 1st wave. (yes, this is good news ;) ) This is a simple yet advanced level technical analysis for BTC . As i said stop loss at 6500 is more safer than 6800. Can you guess the reason? i’ll write in comments.
by Harshgp
1
Empirical Fractal Recognition For Bitcoin, Will It Happen Again?Hello, Traders Investors And Community. Welcome to this analysis about bitcoins current fractal structure in the middle-to-long-term. I made already an analysis regarding this subject so I recommend that you go to my account and see it to have a full-depth overview. The corona fears seem to shut down now as many countries loosening the lockdown-measures which is a good sign for the economy at all and that is why we see the markets, especially the stock-markets, moving some-way up but that can change rapidly when we get a second wave of the pandemic it is possible that the restriction comes back again when the infections do not slow down, therefore when this scenario plays out we can get a second corona-fear on the markets causing it to fall. This scenario should definitely be kept in mind and not ignored because it was the corona-fear which caused a heavy downturn in many markets. Although bitcoin could possibly be an anticyclical-investment in the current recession it can also be affected by the rapidly incoming FUD as we saw it in the past. Please read all! As you can see in my chart marked with the blue trend-lines bitcoin is currently trading in a huge falling downtrend-channel which confirmed several times. We can divide the structure into the lower boundary, the middle-line (50% of the channel), and the upper-boundary. Also, it is an important fractal structure which confirmed already in the past, you can see it marked with the A1, A2, B1, and B2 text in the chart. The As are actually the accumulation-periods in the structure where institutions buying to hedge and sell on higher prices. The Bs are the distribution-phases of the downtrend-channel, currently, as you can see bitcoin confirmed a second time on the middle line of the channel which I also marked in the chart below. The last time we saw bitcoin developing this move it went to the upper boundary of the channel and formed its high at 10516.6 before going down heavily. Currently, we have the same confirmation at the middle line which signals the same fractal in play here. What is also playing a big role in the current structure is the overall market-cycles bitcoin is forming since 24th September 2019, where we already formed two confirmed market-cycles with expanding mark-down phases to the downside, I made an analysis about this mechanism which you can see below. The falling channel and the fractal we see now forming a coherent structure with the expanding cyclical movement we see in bitcoin since September. Also what is identical is the resistance level, the upper boundary of the channel matches with the next possible distribution and its support in the cyclical market movement. Therefore we have a high probability that the level will confirm as resistance and that we will get a pull-back at least minimum to the 6100 to 6400 range which you can see marked in my chart with the "critical zone". This will be a huge test for bitcoin because the last time we tested it from the upside bitcoin fell heavily to the downside from 7360 to 3910. What we need to keep in mind now is that bitcoin could possibly do not confirm the current fractal-structure. What is shown in the chart here is an empirical approach to the last months and its bearish decline, as these fractals developed there is a bigger possibility given that they continue to develop. The next fractal move must be confirmed as I already mentioned there is a distribution and since the bears need to confirm the distribution as valid we need to see it in the structure. The middle-line currently serves as the status quo of the uptrend when it is broken to the downside again it is very highly likely that bitcoin visits lower levels again otherwise it can still turn around and show other important signals. In this current weak uptrend, we need to keep patient and see how it is developing and also what is coming around with the ongoing corona-pandemic and its possible resulting fears because that can affect the market massively. Thanks for watching the analysis, feel free to support my friends, have a good rest of the weekend. "An investment in knowledge pays the best dividend." FAREWELL Information provided is only educational and should not be used to take action in the markets.
KRAKEN:BTCUSD
by VincePrince
9
Bitcoin Currently Approaching More Than One Resistance-Factor!Hello, Traders Investors And Community and welcome to this update-analysis about bitcoins current price-action, where we are going and which difficulties we are facing on the way, hoepfully everybody of you is doing well in todays market. We saw bitcoin the last days confirming several levels bullish on the short-term-perspective and advancing higher but there still remain several resistance-zones above the price-action which need to be taken out on the middle-to-long-term-perspective for bitcoin to advance further as we are remaining in an overall weak bullish up-trend there are several signs which indicating a reversal when bitcoin does not manages to confirm the further bullishness and stronger continuation. What is exciting right now is that bitcoin is showing highly bullish signs on the short-term while still remaining at resistance and in an weak up-trend. As you can see in my chart and as I already mentioned bitcoin is currently approaching the falling red local trend-line you can see which is touched by bitcoin at the moment and can be broken which would be a good sign otherwise bitcoin can still confirm it as resistance and fall back but right now I see a high probability that we take out the falling red resistance-line. What is also important and playing into this scenario is the fact that bitcoin managed to get over the 650-EMA which confirmed before as resistance. Now as we can see there is still much resistance remaining above the price-action, once it is the 38.2 % Fibonacci-resistance at 7980 and 200-EMA which together forming an overall bearish resistance confluence-zone which you can see marked in my chart with the orange-box. This zone currently serves as the high-respected resistance-area and we will highly likely confirm it as those, when this does not happen bitcoin will have a hard time to come above the resistance. On the other side, what is also playing a good fact into the bullish scenario is that the MACD still remains bullish as you can see it confirmed two times, one at the bottom and the next actual trend-confirmation the second time where the faster moving line remained above the slover. Think of the momentum and the volatility in the confluence-zone as confirmation for actual bullishness or bearishness, the faster we are taking out the resistance the more bullish bitcoin will remain and on the other side the slower we approach above the resistance or fall back below the more bearish bitcoin is actually. This is an important factor at the moment and it will determine bitcoins further outcome that we can know how bitcoin is remaining in its overall trend-structure. When we confirm above the resistance that will be a good bullish sign for bitcoin and I see a continuation incoming potentially to the 9350 resistance when the remaining probabitlity of this scenario confirmed properly. The current situation is a situation for bitcoin where it has to decide if it can proof its underlying bullishness for further continuation or confirm the resistance-levels and fall back to its bearishness seen before. It will be exciting to see how bitcoin approaches in the current bearish confluence-zone and therefore determining the next outcome. Friends this should always be the approach of wise traders to wait for confirmation and then trade it properly otherwise stay out of the market and watch for possible setups to trade, we cant trade what we think we have to remain calm with a reasoning head and trade what we see to have the best possible outcomes at the end of the day. Thanks for watching the analysis, feel free to support my friends, have a good rest of the weekend. "Science is organized knowledge. Wisdom is organized life." FAREWELL Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
33
Seeking a clue for breakout and direction, Bitcoin chart!Hello! Friends, I came with new research an idea but, before to start talk about technical Let's share your LOVE by giving me LIKES and COMMENTS . Thanks in advance. Till trend is up in other timeframe so, 10% higher chance to move up the side. seeking a clue for the time of breakout and direction. The consolidation will continue until we didn't get test of money makers. Don't take any position: See k first to understand, then to be understood. -------------------------------------------------------------------------- "" Intraday(30min charts) CHART "" -------------------------------------------------------------------------- Presently Bitcoin price is following parallel channel on 30 minutes timeframe chart: Target was achieved. -------------------------------------------------------------------------- "" DAILY CHART "" -------------------------------------------------------------------------- PART (i): Wave Theory This is the only chart which is looking for a downward move. ..! PART (ii): We have seen upbreak as expected. -------------------------------------------------------------------------- "" WEEKLY CHART "" -------------------------------------------------------------------------- PART (i): Till not found any -ve sign on weekly chart of patterns: Relation of Cong estion vs. Volume exa mination: Herein, 4 CONGESTION found throughout VOLUME declined. 5th Congestion expected because of weekly candle gooing to closed today with both sides of the legs. All the Congestion has low volume and after the breakout, we are seeing a single directional move. If we are at the CONGESTION phase, we will see a surge in price after the breakout. In the current case, we have more volume compared to all other Congestion phases. PART (ii): Following patterns has been detected-: initiative movie two triangles rounded move with low volume tails (while u-turn ) Bitcoin is trading in Up-Wave .
GEMINI:BTCUSD
by Trade-Technique
314