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Vinceprince

This Is The Crucial Formation Which Will Determine XRPs Outcome!Hello, Traders Investors And Community, welcome to this analysis about recent events, the current price-action and the huge massive formation ripple is developing which will show the outcome within a highly possible likelihood as a volatile market-move because this is the property that formation inheriting. As already mentioned in past analysis the cryptocurrency-space is sending a lot of differential signals in the individual currencies, while some look more bullish like ethereum there are some which looking more bearish than bullish like ethereum or bitcoin cash. This not only the factor of the sorting out in the inflationary market with over 1000 currencies similar to those mechanisms seen in the millennial stock-market crash in 2000 but also has technical issues, therefore we are looking at the daily perspective. As you can examine in my chart ripple is moving above an important support zone which is the level between 0.174 and 0.177 where it is consolidating now since more than 80 days which is unnatural in the cryptocurrency-space and such a long consolidation period will show a volatile breakout with increase pace the longer it is staying in such a period. What I also contemplated is the huge head and shoulder formation ripple is trading in and that will show the outcome with the activated target after it has confirmed. Right now this formation is still unconfirmed but it will happen when we either confirm the support and move higher above the 0.2 level or fall below the neckline which will cause bearish pressure to the downside. For now, this is a long-lasting consolidation and the volume was also the whole time at the same value, in this case, both scenarios are possible and can happen right now because of this the wisest thing in such an environment is to wait until the proper scenario has confirmed and placed the trade in the right direction otherwise it can lead to a bad trade in ripple and this should not happen for traders who want to make consistent profit in the market. Therefore ripple is definitely a coin to wait on the sideline for confirmation to enter, there are however other coins like ethereum which providing more clearer signals at the moment, these currencies should traders focus the attention on, it is similar to the stock-market which I already mentioned where stocks profiting out of the crisis and others showing bearish signs, we see such mechanisms showing up also more in crypto now with an expanding tempo. In this manner, thank you for watching support for more market insight and all the best! Astonishing claims require astonishing evidence in order to succeed in destiny. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:XRPUSD
by VincePrince
2
Ethereum, Clearer Outlook In The Market, Opportunities Arising!Hello, Traders Investors And Community, welcome to this update-analysis about recent events, the current price-formation, what we can expect further from ethereum and opportunities arising out of this environment. The cryptocurrency-space is sending many contrary signs at the moment where a lot of currencies looking rather weak and bearish than tradable on the long-side as bitcoin is still under solid resistance levels and in overbought conditions, the destiny of the cryptocurrency-markets is standing in the stars with a vast amount, therefore, we have to get a clearer picture and what are the possible opportunities at the moment. But there is one cryptocurrency which is showing some interesting signals at the moment which I detected that can lead to some good volatility sooner or later which is showing up in my chart and ethereums daily timeframe. Initial Analysis According Ethereums Market-Environment (Daily Timeframe): As we can examine now clearly is that ethereum confirmed above its support/resistance line which I pointed out in the past analysis this was an initial important step to become more bullish in the short-term which can indicate further bullishness on the middle term. As ethereum consolidates above the support-line this can lie the ground for a bullish breakout to the upside which will be confirmed when the pair crosses above the falling blue resistance line you can see in my chart. When this happens we can expect a higher high to form with a 75 % probability which will establish when the boundary crosses with good volatility to the upside, remember that this has to fulfill otherwise we can still confirm this boundary as resistance and either consolidate more in this range or fall back to bearish regions. Furthermore, ethereum trades above the 400- and 200-EMA which are marked in orange and blue in my chart which is a more bullish sign at the moment because it is trading above them, a more bearish signal would be when ethereum trades below them similar to the situation we have seen by march this year where the worldwide global economy corona-breakowns established and caused a high volatile bearish move to the downside. Alright, this setup can be traded in the smartest way with the confirmation above the lower boundary or with confirmation of, remember that before that does not happen there is still a possibility given that ethereum weakens and turns bearish therefore we need to keep patient and wait for the market to respond in the proper way that we can take advantage of the possible opportunities arising. In this manner, thank you for watching support for more market insight and all the best! Trading effectively is about assessing probabilities, not certainties. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:ETHUSD
by VincePrince
8
Ethereum, Moving In Triangular-Shape, Confirming Until Breakout!Hello Traders Investors And Community, welcome to this analysis where we look at the recent events, the current price-structure, and what we can expect the next weeks and days on the weekly timeframe-basis within ethereum. Currently, the cryptocurrency market is sending a bunch of contradictory signals, as there are some which look rather bearish like litecoin or bitcoin cash there are some others like ethereum which have some good underlying support-structures in the base, this situation is playing into the theory that the cryptocurrency market is changing in a more fluid and unequal in amplitude market, it is not like the bull-market seen in 2017 where there was just everything going to ensure a stable trend with high volatility, therefore, it is important to estimate the different coins rightfully in order to profit from peculiar changes, therefore, we are looking at the weekly timeframe in ethereum. As you can examinate when looking at my chart is that ethereum currently trades in an overall consolidation which is formed below the upper boundary restriction formed by the highs of 2019 and 2020 you can watch marked in my chart with the blue line. Furthermore, we have the 100-EMA which is holding the consolidation currently to the upside, this EMA and the falling upper boundary are forming a coherent triangular-shape together which you see marked in my chart. Such a formation as I mentioned already in previous analysis can either break to the up or downside with a higher volatility the longer the trend stays in this triangular shape, at the moment we are still in the beginning within this shape in ethereum that means the consolidation here can go on some time before making a point and finally showing the proper breakout-direction. Bullish Confirmational Scenario (4-Day Timeframe): Bearish Confirmational Scenario (4-Day Timeframe): It is important to evaluate in this structure that we can trade the right breakout when the triangle already confirmed, this will either confirm in one of the two directions I show in my chart. Considering the bullish scenario a clear break with high volatility of the upper falling boundary will signal the confirmation of the bullish scenario and trade on the long-side can be entered after conservative after the upper boundary has confirmed be a touch of it or aggressive immediately after the breakout. Considering the bearish scenario a break of the 100-EMA to the downside with the right volatility can be traded on the short-side by an aggressive entry after this breakout has occurred or by a conservative entry, after ethereum provided a consolidation below that level and sets up to continue to the downside, traders should decide according to individual risk-preference and informational input. For now, it is important to keep patient and wait for what the market provides us, to have a clear picture we need to confirm our given scenario accordingly in order to profit from the opportunity arising, this is what traders should prefer in such an environment as the stock-market is sending bearish signals due to upcoming corona-fears similar to those seen in march this can also affect the cryptocurrency-space as we had a similarity in amplitude within the phase-in March to April. At the moment it is not confirmed that the bull-market is completely over but it is definitely within the possible spectrum that there comes a smaller or bigger correction before moving upward when looking at the overall cryptocurrency-space environment, in order to not get surprised by such a movement we should be arranged rightfully to wage the possibilities arising in a genuine manner. In this manner, thank you for watching, support for more market insight, and all the best! Astonishing claims require astonishing evidence in order to succeed in destiny. Information provided is only educational and should not be used to take action in the markets.
POLONIEX:ETHUSD
by VincePrince
32
XRP, Possible Wedge Detected, Continuation After Confirmation!Hello, Traders Investors And Community, welcome to this analysis about the recent events, the current price-formation and what we can expect from ripple the next hours and days. As already mentioned in past analysis ripple was on the verge to a bullish breakout where it confirmed above the major falling support-line which coordinated the downtrend and is now consolidating within its channel on the local timeframes. Recently I detected some more interesting and important signs which making the bullish breakout and continuation scenario besides the head and shoulder scenario which I already mentioned more possible therefore we are looking at the locally 4-hour timeframe. As you can examine in my chart now ripple bounced at the important support we have between 0.171 and 0.179 a third time in a row with a long and big wick in its candle, that is normally a bullish sign when it bounces from a certain level like we have seen it in these cases. The lows in that level also build the lower boundary that you see marked in blue of the overall big broadening wedge we are currently forming. As the price has bounced a third time at the major support line we can expect it to move some higher similar like we have done it already in the past bounces. When this happens we can target the upper boundary of the broadening wedge at 0.221 where the price already bounced two times and one time remaining. After we got the remaining uptrend to the upper boundary comes the critical part in which the broadening wedge formation has to be confirmed properly to have it fully validated, this scenario happens when we bounce at the support we have in the range between 0.2 and 0.21 which you can see marked in blue at the level, a fall below this price-level and even lower can validate the broadening wedge so the level between 0.2 and 0.21 is important to hold. When the bounce happens we can expect ripple to test the upper boundary of the wedge a fourth time therefore when we test it successfully and ripple manages to climb above this can confirm the wedge, remember that this has to play out with good volatility otherwise we can still fall back into the range. When the scenario plays out like expected and it should be technical there are two main resistance levels which need to be taken out to sustain further bullish with ripple in this scenario, firstly it is the 0.222 level and secondly, the 0.235 level after these have been taken out it is within the high likelihood spectrum that ripple provides a new higher high to us as you can see marked in my chart. At the moment the whole cryptocurrency market is in a lowe volatility range and is sending mixed signals, in some coins we can possibly still break down or to the upside, in such situations we need to keep patient and don't fall for the illogical speculative trap we see to often these times this means to be prepared for possible trend changes when they happen. In this manner, thank you for watching, support for more market insight have a good day, and all the best! Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:XRPUSD
by VincePrince
12
Bitcoin, More Likely To Confirm To The Upside On The Short-Term!Hello Traders Investors And Community And welcome to this update-analysis where we are looking on recent events, the current price-structure and what we can examine in bitcoin the next days and hours. As I mentioned in past analysis bitcoin was expected to provide a sideways movement and after that confirm the further motion according to the situation, this sideway price-action confirmed now and as bitcoin was on the verge to confirm either bearish or bullish as it was in a range in which both breakouts where possible which is still the case but bitcoin added some factors and signals which making the bullish breakout scenario more likely therefore we are looking at the 4-hour local timeframe. Initial Analysis According The Subject (4-Hour Timeframe): As you can see in my chart bitcoin consolidated and confirmed the important POINT OF CONTROL level we have in this structure at the 9500 USD level decently to the upside after touching it and piercing the local resistance we had below it to bounce back with a volatile move to the upside. This move was actually a good sign which increased the bullish scenario because to confirm bearishly we had to trade sustainable below the POINT OF CONTROL level as already mentioned. This case was not given therefore although bitcoin is still in a consolidation range this move increased the bullish scenario which will be fulfilled when we cross the huge resistance we have at 9890 to the upside. Now when we confirm the at the moment more likely bullish scenario and cross above the still remaining locals-resistance to the upside this will cause a bullish move within a high likelihood spectrum but it is important to remember that we have strong resistance levels there from 10.000 to 10.600 as I already pointed out in analysis about the higher timeframes. Therefore the big question will be if the channel in which we are trading is an uptrend channel or actually a bear-flag which can happen when we confirm the range between 10.000 and 10.600 bearish similarly as we have seen it with bitcoin in the past reaching that level. This bearish scenario can confirm when we cross the lower boundary of the channel to the downside and it will actually match with the rising wedge formation I mentioned we have on the higher timeframes. Although bitcoin is stabilizing and trading above the POINT OF CONTROL this will be a huge test and will show how bitcoins reacts in this range there is a high possibility given that the huge resistance confirms bearish and moves on to develop the rising wedge scenario bitcoin is showing on the daily timeframe, in this case we should be prepared on possible bearishness entering the market. The incoming breakout can be traded aggressively with an immediate entry or conservative after bitcoin takes out the important locals-resistance to aim the upside targets at 10.200 to 10.300 although the conservative approach is better here traders should decide on individual risk and profit-preferences. After the more likely bullish short-term scenario has played out we need to elevate and consider the changing circumstances again. In this manner thank you everybody for watching, support for more market insight, have a great day and all the best! Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
22
Bitcoin-Post-Halving-Cycle-Price-AnalysisHello, Traders Investors And Community, welcome to this update-analysis about the post-halving situation facing bitcoin in the short-to-middle-term at the moment and what we can expect the next hours and days. The third bitcoin halving has now contributed successfully and how I pointed out in past analysis every time after the halving emerged we saw a smaller to bigger dip within bitcoins price-action, this dip hasn't come so far now after the third halving, this can indicate a possible dip scenario which is playing together with the rising wedge that I detected within the price-action. These two factors together with the strong resistance playing an important role and can affect bitcoins price-action substantially therefore we are looking at the daily timeframe. Rising-Wedge-Formation: The rising wedge you can see in my chart marked with the light-blue lines shouldn't be kept by side because it is a huge formation which in the most occasion confirms bearish to the downside, there are only a few cases where this bearish confirmation does not play out and the formation confirms bullish to the upside. Technically we will see a confirmation of this rising wedge when bitcoin confirms bearish at the strong resistance/support level you can see in my chart marked in blue between the 10230 and 10600 level, after a break of the lower boundary the formation is confirmed and possible to enter a trade on the short-side to aim for the target zone you can see marked in the chart. Strong Resistance/Support: The psychological resistance we have here at the 10.000 to 10.600 USD is such a significant resistance at the moment where bitcoin confirmed several times to the downside that it is really not a minor level and should be kept in mind as a leading origin of bearish pressure to the downside. As you can see we bounced at this range already several times to the downside now in the third attempt to break over this string resistance, what will change this dynamic is a clear close above the 10.600 USD level with good volatility, this will invalidate the resistance and confirm it as support but as for now it must be contemplated as resistance and currently playing coherently together with the rising-wedge-formation. Post Halving: As I mentioned in past analysis about the halving-cycles which can be the starting point of the third halving cycle now is that we had an initial dip within the first times of the post halving due to supply entering the market, therefore we have this current post-halving situation which is playing logically to the rising-wedge-formation and the strong resistance/support we have in this structure. In this case, we have a high probability to see an price-dip before contemplating a possible bullish confirmation in the long-run and longer timeframes, I already mentioned other parts of the mechanism in a past analysis which I recommend you to see when going on my account and look at the analysis. Taking all these three important leading technical factors into consideration we can assume that bitcoin has a potential dip insight when the rising wedge we have in the structure confirms properly and as it is a high possibility at the moment this scenario should definitely be kept in mind to be prepared when it happens. This breakout to the downside can be traded very well conservatively on the short-side after price has confirmed the lower boundary of the wedge. Remember that the breakout needs to fulfill with the right volatility to the downside and not mere low-volatility piercing the line. After this possible scenario has played out we need to elevate how bitcoin develops and if we get a reversal and continuation to the upside in the structure. In this manner, thank you everybody for watching, support for more market insight and all the best! Trading effectively is about assessing probabilities, not certainties. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
24
Bitcoin, Here Is Why The Bear-Market Could Be Over Already!Hello, Traders Investors And Community and welcome to this analysis about bitcoins current price-formation and what we can expect the next time. It is true that bitcoin is still struggling at a historical level which is the 10.000 USD psychological mark which was already the origin of high volatility within the past, in this case, it needs to be remembered and kept in mind if this actual resistance mark confirms as resistance as it has done in the recent year or if bitcoin manages to provide a paradigm shift which turns out bullish, in the price-chart I found some fundamental significant signs which are important to look at in the current market environment, I already done a more short-time approach which I recommend you to watch when going at my account, as for now to have a full-multi-overview we are also looking at the weekly timeframe. When looking at the current situation facing bitcoin we can notice that bitcoin is still trading within this huge and massive triangle which had its origins in the 2017 all-time-high, you can see the upper and lower boundary of this important triangle marked in my chart with the blue trend-lines. It is an underlying fact that these triangles the longer they are established showing a heavy and volatile breakout either to the up or downside. These breakouts can happen within smaller timeframes or also higher timeframes and it is within the high possible spectrum that we see such a breakout in this case also because the bitcoin price is consolidating in a wide range till months and years, the question now is either it confirms bullish or bearish and in this conclusion, it needs to be marked that there are some important signs which playing within the bullish scenario. As you notice when looking at my chart, before the bull-market in 2018 started bitcoin formed a bottom below the 200-EMA which turned out to be the actual accumulation before the bull market started, you can see this accumulation-phase and coherent bottom marked with the orange triangle in my chart, ater this we had a bull-bear transition phase which first tested the 100-EMA with high volatility and after that fully confirmed the bull market which had its top at the middle line of the huge uprising channel you can see marked in my chart. Actually we had the exact same fractal developed after the corona-breakdown with its low in March, as you can see in my chart bitcoin provided the similar accumulation triangle below the 200-EMA and after that the bull-bear transition and finally its confirmation above the 100-EMA. Now as this signal was so strong and provided the high which tested the middle line of the huge channel we can expect bitcoin to test the high established in the bull-market before a second time now this, however, needs to confirm with a clear close above the 10.000 USD level before that does not happen technically speaking the 10.000 USD level is still a massive resistance which can drag the price to the downside. Taking all these considerations together we can come to the conclusion that the bullish scenario is more possible at the moment than the bearish as I already mentioned in past analysis although there are still many bearish factors there is a higher probability for the bullish breakout which will increase when we move some higher in the current local resistance. In either case, it will be interesting how bitcoin turns out to go ahead further, many people these days calling for the complete bottom or moon, but this, however, is at the moment a mere speculative approach and we first have to wait for the proper confirmation before making this conclusion as it is highly important in these volatile market-environments we are facing today not only in the stock-market but also in the cryptocurrency-space to keep patient and wait on the right confirmational-scenarios before placing the trade as to rush in the markets as there is no tomorrow. It will be highly interesting to see how bitcoin develops the next time and if the bear-market is already over as mentioned and seen in 2018 with a similar fractal confirming now. In this manner, thank you for watching the analysis, support for more market insight, you can also subscribe to social media, all the best, and have a good week! The ambition to transform opportunity into gold remains the most significant tool for a trader. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
54
Ethereum, H%S Confirmed Properly, Further Price-Action Develops!Hello Traders Investors And Community, welcome to this update-analysis about recent events happening in ethereum, the currenet price-formation and what we can expect from ethereum the next days and hours. The whole cryptocurrency market is sending mixed signals at the moment, while some cryptocurrencies looking rather strong and solid there are cryptocurrencies which look more bearish than bullish. A cryptocurrency right now is definitely ethereum with the second largest market-cap in the market it is posing an significant role beside bitcoin. As i forecasted in recent analysis ethereum broke out of the major head and shoulder formation we had in the structure which activated the target, if you did not watches this analysis I highly recommend it to you for having a full-depth-overview about the occurences happening. As looking on the locally 4-hour timeframe we see this major head and shoulder formation confirmed to the upside now and as ethereum developed some further since the breakout we have a correction in play which can become bigger or keep in the magnitude it has developed. As you can see in my chart ethereum is building an uprising-trend-channel here with its lower boundary already touched, therefore it is highly likely that we touch this lower boundary the next time we visit it again. For a continuation to the upside it is highly meaningful that we hold the 225 level where we bounced to the upside, when we cross this level down there is a higher probability that bearish pressure to the downside increases, it is a similar important support level like the one we have currently in bitcoin, this level needs to be hold for the further upmove! The Initial Head And Shoulder Of The Structure (4-hour Timeframe): Higher Boundary Resistance Matching With Target (Daily Timeframe): The next time we can anticipate that ethereum ends up the correction to move higher, when this happens correctly and when we do not get higher bearish pressure signs which will show another leg to the downside it is within the definite possible spectrum that we reach the full-head-and-shoulder formation which you can see in my chart. This possible move can be traded with the breakout conservative or aggressive with an entry in the current range, but keep in mind that we have daily strong resistance at the full-head-and-shoulder target by the falling upper boundary I mentioned in past analysis about the daily perspective, therefore It should be remembered that we can get a significant reversal to the downside when we reach that level because there is still plenty of resistance. When the time comes we will see and contemplate further. At the moment the situation for ethereum and other major crpytocurrencies is an important decision-point, while we see significant differences in the market, there are many which looking extremely bearish with high potential to continue bearish while others looking more indecisive to more bullish on the short-term like ethereum. Therefore we can expect a shift in demand in the market and some differences popping up in the price structure, it is not comparable to the 2017 market where everything had the same exceptional volatility, now in 2020 there are crpytocurrencies going sideways the whole time without any chance while others providing heavy gains to the upside and outperforming, this can cause a huge paradigm shift and traders should the differences as they changing to be sound for the different market conditions we experience these times. In this manner, thank you for watching, support for market insight and all the best! Edification is the key to everything because it is the goal of true sophistication. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:ETHUSD
by VincePrince
22
Bitcoin, Extreme Volatility, Smart Money Covering Positions!Hello, Traders Investors And Community, welcome to this analysis about the current events happened in bitcoin and what we can expect the next time in price-action. Yesterday bitcoin showed massive volatility with an exceptionally unnatural move to the downside, was it all normal market-movement or smart-money taking advantage of the situation like several times seen in the past? This fundamental and exaggerated bearish move to the downside shouldn't be ignored and the overall mechanism catapulted bitcoin into a critical condition where it can show further continuation when it can't manage to stabilize in the range, therefore we are looking at the 4-hour timeframe. As you can see in my chart bitcoin just fell below the important uprising-resistance-level from its past uptrend, this was an important trendline that holds the whole price to the upside in the local timeframe, as it is now broken it shows and important bearish signal to the downside. For now the price seems to stabilize but that can just be the next consolidation to setup for another leg down similar to the consolidation seen before, therefore you see the important support which needs to behold marked in orange for a significant sustain, when we break this level to the downside it will provide massive bearish pressure to the downside. The next time we can expect bitcoin to test remaining resistance levels in the current structure as we have support at the 100-EMA which you can see marked in blue, from here bitcoin sets up to test some higher levels but as there is still plenty of resistance it is more likely that we will fall back again in the range. In my chart you can see the resistance we have here at the 50 % Fibonacci Resistance and also with the logical resistance we formed in past price action, there this range is building a coherent resistance cluster which will confirm likely when the price has touched this range. I would be patient for opening an aggressive short here, the best option will be to wait after the bearish scenario has clearly confirmed. For further continuation to the upside, bitcoin needs to hold the current range and do not fall below the 9100 otherwise this will cause further increase of bearish pressure. What we need to keep in mind now is that the whole structure and the unnatural movement to the downside can be a big bear-trap trapping trader in there positions before moving higher upward, therefore we need to see more information and as soon as we do not get a serious price-stabilization and confirmation to the upside the bearish scenario remains within the high possible spectrum here. In this case traders should be prepared for this situation and take advantage of opportunities arising when it happens to confirm like mentioned. In this manner, thanks for watching, support for more market insight and all the best! Trading effectively is about assessing probabilities, not certainties. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
102
Bitcoin, Confirmed About Key Flag, The Condition Has Altered!Hello Traders Investors And Communtiy, welcome to this update-analysis about recent events happening within bitcoins current price-structure. As I mentioned in past analysis bitcoin was moving in an important possible bullish bull flag which could still fail but needed to confirm up for the proper verification, exactly this scenario played out right now and bitcoin firstly tested the remaining resistance which I pointed out we have in the structure, this shows just one more time that technical analysis is an empirical science which can work well in today's markets, where many people keeping ignorant and remain in the speculative sphere especially in the fundamental analysis spectrum like the academic economy sciences which disregard the importance of technical analysis we should look at markets not only with a constitutive curious perspective but also with the proper technical approach, therefore, we are looking at the daily timeframe. As you can examine in my chart bitcoin saw some exaggerated volatility the last time which just catapulted bitcoin above the bull-flag which I mentioned in the previous analysis, this bull-flag is now firstly confirmed to the upside with a healthy volatile move running into the remaining resistance and testing it. Because this level at 10500 is still an huger resistance which confirmed several times to the downside it is within the likelihood spectrum that we will get a pullback here but this will play into the bull-flag scenario to confirm the upper boundary of the bull-flag properly, which will give completely the next in completing the formation, when this happens and we get an up bounce from there we need to take out the still serious resistance at 10500 to activate the foremost-bull-flag-target you can see in my chart. At the moment this does not look like a fake breakout because the volatility held the price above the channel but for a full confirmation we need to confirm the upper boundary. Originated Idea According This Subject In Bitcoin (Daily Timeframe): Overall we have some good signs not only on the daily timeframe perspective but also on the 4-hour timeframe and the weekly timeframe which I mentioned recently, on the weekly timefram we took the falling resistance out which is a good sign at all. Now we are completing one more step to see the same signals which can lead bitcoin to a continuation also in the weekly timeframe which is very important. At all the current situation has a more bullish shape than bearish but there remains a little possiblity that the breakout we have seen is actually a fake breakout, this is when we see the bull-flag not confirming tightly a second time but fall back into the channel and see more bearish pressure signs, although it is not the most likely scenario for now this should kept in mind. Remember that the markets are full of possiblities and smart traders should carefully wage this possibilites out to make decisions which fitting best into the market situation to take the proper right action within the highest possible scenarios. This means to elevate oneself above hte mere speculative gambling approach and see the markets as a whole living organism with its twists and turns not only at the technical sides. In this manner, thanks for watching, support for more market insight, have a good day and all the best! Every great advance of scrutiny in study has issued from a new audacity of imagination. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
20
Bitcoin, Moving In Major Channel, Weekly Confirmation Incoming! Hello Traders Investors And Community, welcome to this update-analysis about bitcoins, recent events, the current price-action and what we can expect the next time from bitcoin. In my research, I discovered some important signs which are worth to look at and contemplate in the further calculation to profit from arising opportunities in bitcoins price-action. At the moment the whole cryptocurrency-space is full of contrary signals as some currencies making now highs and advancing steadily upward we are still in an indecisive zone within the major namely bitcoin but there are some fulfilling perspectives which can lead to some worthwhile trade-options on the weekly timeframe, therefore we are looking at the weekly chart. Alright, when looking at the bigger weekly perspective you can see in my chart that bitcoin is trading in a huge upward-rising parallel channel which is marked in grey, at the moment bitcoin is trading above the middle line of the channel which is building a support level together with the 50-EMA here, there is also this significantly important falling resistance line which bitcoin still not taken out and confirmed to the upside, these three levels building an overall triangular-cluster here which you can see marked in my chart. The importance now is that after such formations there will be a heavy break either to the up or downside confirming the triangular-cluster with a significant breakout. Bullish Confirmational Scenario: Bearish Confirmational Scenario: At the moment as we have still support within this range it is more likely for bitcoin to confirm this support and break to the upside but this, however, has to be confirmed properly like often in the markets otherwise when we cant hold the important 50-EMA and middle-line of the parallel channel we will see an increasing possibility for bearish pressure to the downside when confirmed below. Therefore to fulfill the more likely bullish scenario we need to break clearly above the falling resistance-line with good volatility, this will show an initial start of the further bullish continuation and targeting of higher levels, the second confirmation of the bullish scenario will be when we confirm above the 10500 level which is still a fundamental resistance here. Overall what is important to keep in mind is that bitcoin is trading at an important psychological level where it is hard to maintain a continuation to the upside because it failed several times at this resistance therefore the bearish scenario shouldn't be ignored, what is fact is that we will see an heavy break out the next time which needs to be confirmed before playing trade in the proper direction as for now I wouldn't open a trade immediately before no confirmation has been shown either on the small timeframe or higher timeframe, when placing a trade now it will be a mere speculative approach and this is most often a fatal mistake many people falling in the global markets today, the wisest approach is to wait on confirmation in this current situation facing bitcoin before taking advantage of the situation. Thanks for wachting, support for more market insight, all the best! Information provided is for educational purposes only and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
58
Litecoin, Breakout Of Channel, Continuation When Confirmed!Hello Traders Investors And Community, welcome to this analysis about the recent events happening in litecoin, the current price-action and where the crpytocurrency-coin can continue further in the the next time. Recent occurrences in the cryptocurrency-space made provided mixed signals in the different crpytocurrencies, while the major bitcoin is still under a significant resistance level which hasnt been taken out yet there are coins like cardano or ethereum which made an new higher high already. One of the coins which provided some interesting signs on the surface and that can lead for some profitable opportunities soon is litecoin, therefore we are looking on the technical side of things in the 4-hour locally timeframe. As you can see in my chart litecoin recently formed an huge and meaningful downward-direction-channel with its low at 39.5, in recent mechanisms the price just broke out this downward-direction-channel with some good and solid volatility to the upside. As it made a new high in the structure at 47.9 it experienced a bearish pull-back now, at the moment it is within the likelihood spectrum that this pull-back will continue to the downside as soon as we get some fundamental support to stabilize in the structure, the next important support will be the lower boundary of the downward-direction-channel and the coherently confirming 300-EMA which you can see marked in blue. When we reach these levels and confirm them as support there is a good chance given that litecoin sets up to form some legs to the upside, be sure that the needed support-levels confirm properly otherwise when we fall below the 300-EMA and into the downward-direction-channel, this will add a bearish shape to the structure and more downside is possible. But when we confirm it rightly as support the targets you can see are activated and the middle-term-target is reached when we dont get any significant bearish pressure on the way which will alter the dynamic, the whole long-term-target of the downward-direction-channel is even higher so it will be interesting to see how litecoin reacts in the upcoming resistance. Overall we can expect that litecoin is one of the decent coins at the moment but although with good upside potential especially if we take out important resistance-levels. The whole cryptocurrency market is sending mixed signals for now and we need to elevate where the journey is heading, also I discovered that the equality between the coins gets a higher spread this can lead to a dynamic which will change the market in fundamental ways as some coins loosing public demand and others get a boost of new fresh liquidity similar to the stock-market where there are big differences in stocks, traders and investors should be prepared for this and dont fall for the illogical approach to trade just anything and overconjecture the situation seen too often these days. In this manner, thanks for watching, support for more market insight, also you can follow my social networks which you see in the signature for more in-depth, appreciate my friends! ;) A wise thing that makes sense and needs to be encouraged is to strive for greater enlightenment in the modern markets. Information provided is only educational and should not be used to take action in the markets.
KRAKEN:LTCUSD
by VincePrince
9
Bitcoin, Moving As Forecasted, The Triangle Gets Narrower!Hello, Traders Investors And Community, welcome to this update-analysis about bitcoins current situation. As I already pointed out in recent analysis about the locally price-picture of bitcoin is that it is trading in an overall triangle with the outstanding third touch of the higher boundary and third touch of the lower boundary awaiting, this scenario has confirmed now properly as forecasted in the analysis, I recommend that you watch it to have a full-depth-overview about the current situation, what is new now is that there added some more signs which will determine bitcoins further outcome especially when taking it into comparison to the rest of the cryptocurrency-market like ethereum or cardano which showing some good bullish signs and already made higher highs, therefore we are looking at the locally 4-hour timeframe. Triangular Formations Forecast (4-Hour Timeframe): As we can see now bitcoin confirmed the second touch of the lower boundary and the third touch of the higher boundary as expected, therefore we are approaching the still important resistance in the structure at the 9550 upper boundary level this can indicate a pull-back lower to confirm the lower boundary of the triangle a third time. At the moment this does not necessarily happen as it is also possible that we will move above the triangle and confirm it but the pull-back scenario increases as we are facing important resistance in the structure. When this pull-back confirms properly we can expect bitcoin to find support at the strong confluence cluster at the lower boundary and the 200-EMA which you see marked in my chart in orange, when this happens we will get stabilization in price here. Overall we can anticipate that the triangle gets narrower and narrower now and that we will see a breakout sooner or later, considering all the new factors which added into the whole picture now a bullish breakout is more likely as we have some good support sings and other major cryptocurrencies like ethereum already broke to the upside, that does not necessarily mean that bitcoin will follow but it is an indication for a follow-up in price-action. Remember that this has to be confirmed with a clear break of the higher boundary including good volatility otherwise when we confirm below the lower boundary it will show in bearish price-action, when this plays out the 8130 level needs to be held when considering the bullish continuation further. The triangle can be traded after confirmation when crossing the boundary with the necessary volatile action, an aggressive approach will be directly after this confirmation happened, the more conservative approach will be after the boundary confirmed when we saw the breakout, this will be the more precise and wiser process after such a mechanism. This breakout can be traded in either direction after the proper scenario confirmed rightly it will show a good opportunity with an exceptional risk-reward. There are many people calling for the complete moon but this is merely speculative at the moment, we need to stick to the logical observation, therefore we can be prepared when markets move in the most possible direction like in this case with bitcoin. In this manner, thank you, everybody, for watching, support for more market insight, and a good weekend! Even though destiny seems obscure in the present, it is actually beginning right now. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
22
Ethereum, Testing Remaining Levels, Continuation When Confirmed!Hello Traders Investors And Community, welcome to this update-analysis about the current situation and price-action happening in ethereum, there are some worthful signs which I detected not only on the smaller timeframe but also on the higher timeframe, as I already pointed out ethereum has formed an important head and shoulder formation on the 4-hour timeframe where we had the break of the neckline recently which can indicate a confirmation of this neckline not far away, if you did not see this analysis already I highly recommend that you watch it to have a full-depth-overview. The overall dynamic is matching coherently with the bigger timeframe therefore we are looking at a daily perspective. Inverted Head And Shoulder Analysis (4-Hour Timeframe): As you can see now in my chart ethereum approaching the higher local resistance in the current structure at the 228 level which is marked with the light black lines in my chart from there we can get a pull-back not only to test the remaining support at the 400-EMA which you see in orange but also the overall neckline of the inverted head and shoulder formation. When these tests turning out to be successful ethereum has some good potential to move higher at least testing the falling upper boundary of the massive channel in which we are trading that is marked in blue as you can see it in my chart. This range is also the inverted head and shoulder target zone so it will be interesting how the price will react possibly in this area, the huge falling resistance shouldn't be ignored so there is a higher possibility within the schedule that we will see a pullback after the target where reached. Overall we can say that ethereum is trading above some solid support levels which can hold further when there doesn't come bearish pressure into the market which will alter the whole dynamic. This will show when we break the 200-EMA that is marked in blue in my chart clearly to the downside because it will activate the further bearish pressure price action in the bear zone which you can see marked in my chart. Taking the bullish scenario into consideration, which is more likely currently, we have the important strong resistance at the falling upper boundary of the massive channel we are trading in, ethereum will have a hard time to take out this resistance as it confirmed several times as a strong line in the past but when it does there is some good possibility within the likelihood spectrum that ethereum manages to advance in the bull zone marked in my chart. In this manner thanks for watching everybody, support for more market insight 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:ETHUSD
by VincePrince
1
Ripple, Possible Reversal In Wedge-Formation, Resistance Above! Hello, Traders Investors And Community, welcome to this analysis about the current situation with ripple and where the price-action will develop further. I made some interesting and significant observations in the current chart which are important to mention. We are looking on the locally 4-hour timeframe and the current situation on the smaller timeframe is matching the middle-to-long-term timeframe coherently, I made also a forecast about ripple middle-term structure and the fractal structure we have currently if you didn't see these already I highly recommend it to you when going to my account and watch the analysis to have a full-depth-overview. When looking at the chart we can see that ripple is currently trading in a rising wedge which you can see marked in blue in my chart, this is normally a bearish formation that breaks to the downside when confirmed rightly. What supports this possibility at the moment is the huge downward-channel we are trading in and the resistance we have above at the 0.21 USD level, this level and the 600-EMA you can see marked in blue building a coherent bearish confluence-zone here between 0.207 and 0.214 which you see marked with the red boxes in my chart when we visit this area it is within the high likelihood schedule that we confirm it as resistance. The next time we can expect a visit of this area to test it, it will be important to see how we react here when there comes a volatile red candle to the downside crossing the lower boundary of the rising wedge down the wedge is finally confirmed and it can be traded on the short-side. Overall the wedge can be traded aggressively or conservative, the aggressive approach will be opening a short position in the bearish-confluence-zone and the conservative approach will be when the wedge has confirmed to the downside. In both scenarios, the target will be the same which is the 0.185 level you can see marked in orange in the chart, there is a high possibility given that we reach this target when the wedge confirmed properly. After the wedge confirmed and the target reached we have to look and contemplate the situation again, it is possible that we get a bounce to the upside here confirming the overall level as support, in this case it is important to hold the overall support to form a possible reversal otherwise when the price is too weak and the support cant behold it is within the possible spectrum that we continue with the downtrend, this will be definitely confirmed when we cross below the 0.175 level which is also matching with the overall bearish picture we have on the bigger timeframe. Remember that the overall move needs to be confirmed rightly and do not rush in a trade, when this happens it is also the best possible entry-place for a trade to take advantage of the down move. Alright, this should give you a good overview, thanks to everybody for watching, support for more market insight, and all the best! The ambition to transform opportunity into gold remains the most significant tool for a trader. In this manner: FAREWELL Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:XRPUSD
by VincePrince
1
Bitcoin, Expected Price-Recognition, Next Level Going To Proof!Hello Traders Investors And Community, welcome to this update-analysis about bitcoin price-action and what we can expect further, currently the price bounced at the main lower range support exactly as predicted in my previous analysis, it shows one more time that technical analysis is a science that can work well when applied right. In the prior two analyses about bitcoins price-action in the locally 4-hour time-frame, I exactly forecasted the price-action we have seen now, as I mentioned we need to take out the resistance at 8800 before it is in the possible spectrum that we can go and test the falling red trend-line. Furthermore, there was the pull-back from the trend-line awaited which happened now, and as awaited we bounced from the lower range support now. If you did not see this analysis, I highly recommend that you watch them to have a full-depth-overview. Forecast Break Of Resistance And Test Of Falling: Pulling Back Awaited: At the moment we are still trading below the important falling red trend-line which I already mentioned and is significant in the current structure. The price is building a small consolidation here between the falling red trend-line and the 50-EMA you can see in orange at my chart, this overall smaller consolidation can be mentioned as a triangle which will break to the up or downside, the overall fact that bitcoin is still in an up-trend here makes it clearer that the possibility is higher that we will break to the upside because we have good a good support-level at the 50-EMA and the lower range support you can see in my chart overall this has to be confirmed with a clear break of the falling red trend-line when this does happen we can await the price to test the higher resistance level at 9950 as you can see it in my chart. When we look at the structure as it is we can examine that bitcoin is building a smaller consolidational range within the bigger consolidational range here. In fact, these ranges are known that they will either break to the up or downside, at the moment I see a higher possibility for a break to the upside because the price is sticking in the range here but it can also turn to the downside because the 10.000 USD is such a significantly important level for bitcoin that it is possible that we will see a third pull-back to the downside similarly as we saw it in the past months at the 10.000 USD, therefore, it is important that we hold the overall range here to form a possible break to the upside with targets ahead. Remember that this scenario has to be confirmed as always the possibility for the proper direction increases with the confirmation. I know many people have a too high speculative approach in the markets and want to trade setups or predict the market of information which is basically not given at the proper moment, this is the biggest mistake a wise trader can do because it cant be the bottom line to trade what one thinks not what is confirmed based on the price action. Therefore we should always adapt to what the market gives us and the changing circumstances that mean to trade the highest possible scenarios and not trade a setup which will 100% fullfill for sure because that is factly impossible, all market situations are based on possibilities with higher or lower grade and we must increase to the higher grade to make the survival in markets possible in this case we need to adapt and be prepared for possible counter-scenarios and take appropriate action when they happen. In this manner thanks for watching, support for more insights, and good rest of the weekend everybody! The past, like the future, is indefinite and exists only as a spectrum of possibilities. Information provided is for educational purposes only and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
29
Litecoin, Close To Strong Support-Level, Here Are Next Steps!Hello, Traders Investors And Community, welcome to this analysis about the current formation and price action forming in litecoin, there are some significant signs I detected on the daily time-frame. At the moment litecoin is whether confirmed bullish nor confirmed bearish this is why we are still in an indecisive-phase here and the next time will show how litecoin will proceed but litecoin has some good support levels below which can indicate a reversal to the upside when these levels confirm properly otherwise it can still fail and fall to the downside when confirmed below the major support in the structure. What we need to keep in mind in the actual situation is that litecoin is still trading below the predominant EMAs you can see in my chart marked in blue with the 20 and 50-EMA already don't cross bearish or bullish this is why the current structure has to be confirmed in the proper direction as you can see it in the past months we had this EMA-confirmation litecoin confirmed either bearish or bullish, this signal is can come the next time when litecoin decides to take the upright direction before we do not see this EMA-confirmation-crossover litecoin is still in an inconclusive market. When considering the bullish scenario we have an important support-level which is the key 61.8 % Fibonacci-support, it is marked in grey in my chart, when we touch this level it is within the high likelihood spectrum that we will get a bounce there because that level at 37.6 also matches with other support/resistance price levels litecoin formed in the past. It is a main task for litecoin to hold that level when bounced there otherwise when we fall below it there is a probability given that litecoin continues bearish to the downside because when the 37 level is crossed down there will be much berarish pressure below that level. The next time we can expect that litecoin will test the 61.8% Fibonacci-support when it succeeds and forms support there we can contemplate more upside for litecoin and at least testing the higher levels in the overall structure, in this scenario it is also important that we take out the falling grey trend-line you can see in my chart. After that there are the 50 and 58 levels remaining to test for litecoin in the structure. To confirm bullish here we need to see at least the bullish EMA-confirmation because that was a high successful indicator for litecoin in the past it can confirm the further uptrend here. Recall that it is highly important for litecoin to hold the 61.8% Fibonacci-support here otherwise when crossed to the downside the whole picture turns more to the bearish side. In the current situation, litecoin has to decide if it is strong enough to hold the proper support, therefore, it is important to wait and see how it develops which wise traders should almost always do. With opening a long-position it is important to wait on the confirmation before placing it which is the best idea in such a structure, we cant trade what we think we need to see the right confirmation before taking advantage of the opportunity, this gets highly important with the current layout in litecoin. Thanks for watching, support for more market insight and good weekend everybody! ;) Trading effectively is about assessing probabilities, not certainties. In this manner: FAREWELL Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:LTCUSD
by VincePrince
6
Bitcoin, Approaching 10000 Again, Outcome Will Determine Target!Hello, Traders Investors And Community, welcome to this analysis about bitcoins actual price-structure, there are some important and meaningful mechanisms currently in play which will determine bitcoin further outcome the next hours and days, we are looking on the daily time-frame and there are some significant observations I made in the current bitcoin structure. The last time we saw bitcoin approaching the fundamental resistance level at 10.000 and falling back to form a bearish pull-back, this level has such an importance in the structure because we bounced several times to the downside there and now approaching it a third time. At the moment bitcoin is coming back to test the major 10.000 USD resistance again but as the past shown to us, this level can cause a heavy bearish breakdown to the downside. When looking at my chart you can see that bitcoin is trading in this huge huge uptrend channel which formed from the low in 2018 and the high in 2019, this is the actual predominant channel we are trading in and it had an unnormal corona-virus breakdown to the downside which you can see marked in my chart due to the corona-virus fears infecting all major global markets together and showing especially in bitcoin volatility never seen before. Last week the bitcoin price recovered from this unnatural and highly volatile breakdown back into the channel where we are trading now and approaching this huge resistance. As we saw the last days the price already confirmed bearish to the downside at the resistance and is now approaching it again. What we can examine now is that bitcoin is building a possible range here, which will break either to the up or downside. When we are looking at the past breakdowns in the psychological 10.000 USD level we can see that as consolidation-range formed before the second key breakdown. Therefore we need to keep in mind that this can also happen in the range we are building now when bitcoin does not succeed to travel above the 10.000 and especially the 10.500 level. When considering the bearish scenario a definite break of the 8100 levels to the downside will cause more bearish pressure at least to the 7400 and this case the fact that we will trade again in the bearish corona-channel will increase the probability for a continuation to lower levels. In determining the bullish scenario it is important that we need to take out the overall 10500 levels sustainable to the upside with good volatility and volume otherwise it can still be a bull-trap catapulting bitcoin back in the range. The overall neutrality level which you see in my chart will be in play after this scenario and bitcoin has definitely more room to move higher in the structure when it confirmed. This can cause a new potential bull-market which will be in play and building a coherent set up with the overall structure but this needs to be confirmed with a clean break to the upside, the full confirmation will be in play when we exceed 2019 high you can see in the structure, I see many people calling for the moon but this is an illogical approach because we did not see a supportable confirmation and before that happens we cant call bitcoin for the moon. At the moment we need to see if bulls are strong enough to take the 10500 levels out or fall back again. Both scenarios can be traded properly and as I always say it is preeminent to wait for the proper confirmation in the markets to place the best possible trade. In this case the confirmation will be realized on the bullish side when crossing above the 10500 levels, this can be traded with an aggressive entry after the breakout or a conservative entry wait on confirming the level with a pull-back and the needed volatility. The bearish breakdown can be traded with an immediate entry or an entry after confirmation, in this scenario, it is also possible to wait for more downside and potentially add to the position because we will see definitely more downside when the 8100 level is broken. Thanks for watching, support for more market insight and all the best! Knowledge is the most important commodity in today's markets. In this manner: FAREWELL Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
19
Bitcoin, Move As Expected, Testing The Higher Levels! Hello, Traders Investors And Community and welcome to this update-analysis about the current events happening in BTCUSD, we are looking at the locally 4-hour time-frame and at the moment BTCUSD is testing the falling red trend-line as expected and mentioned in the recent analysis if you did not already saw this analysis I highly recommend you to watch it to have a full-depth-insight, I pointed out there that when BTCUSD manages to take out the resistance at 8780 to 8850 there is a high probability that BTCUSD will test remaining higher resistance-zones and exactly this scenario happened now. Now, when looking at my chart you can see that bitcoin is just at the current moment testing the falling red trend-line with a lowe momentum spike, that can indicate that BTCUSD will fall back to the support which you see in my chart marked with the orange box before moving higher above the falling red trend-line. Remember that this orange support has to be confirmed properly when we see low volatility here and no concrete reversal signs the support can be invalidated and the price can turn down after several weak bounces. The other possibility is that the BTCUSD price is that much strong that we increase in price here and establish to move above the falling red trend-line this will be a highly bullish move which can bring the price to the 10260 to 10440 level which you can see marked in my chart with the blue box, from there we will definitely have a high resistance cluster where a pull-back is in the possible spectrum. But at the moment I see the first scenario more possible because the price begins to weaken at resistance currently. Overall we can contemplate that BTCUSD is building an range in the level here and that it will be highly interesting where this range is going to breakout. When we establish solid support here it is possible for bitcoin to move above the range and confirm in the bullish zone but this has to be confirmed rightfully without the proper confirmation BTCUSD will still hang in a sideway-market where the breakout in either the bullish or bearish direction has to play out and confirm further so we can take advantage of it and trade the highest possible scenario. Thanks for watching, support for more market insight and all the best! Trading effectively is about assessing probabilities, not certainties. In this manner: FAREWELL Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
17
This Is What We Need To Know About Bitcoins Current Structure! Hello, Traders Investors And Community, and welcome to this analysis about bitcoin current structure and what we can expect from the next hours and days. There are some important signs which I figured out and made clear to me that bitcoin will decide the next time where it is going with the overall price structure. We are looking at the locally 4-hour time-frame if you want to have a bigger view on the picture I recommend that you go to my account and look at the middle-to-long-term analysis published about bitcoin. When looking at my chart you can see that bitcoin is currently trading at the black resistance level I marked for you it shows also up in the volume profile as the important resistance level in the overall structure, at the moment we are testing it and a possible scenario is that when we break it to the upside we have a higher likelihood given that bitcoin will test higher levels in the structure, at least move to the 9600 levels to test the falling red trend-line. On the other side, we have the bearish scenario which will be fulfilled when we cross the rising blue trend-line you can see in my chart to the downside because there is a high probability given that we get more selling pressure when we cross it down we can assume bitcoin to visit the POINT OF CONTROL level you see in my chart marked in orange, this will be the target for the overall scenario to the downside, remember that we need to confirm it properly with a definite break of the blue up-trend-line and close below it. What is a good sign and important to acknowledge about the structure is that both scenarios can be traded properly, the bullish, as well as the bearish scenario but each scenario has to be confirmed rightly before looking for a good trade entry. In the bullish case, this will be when we break the current resistance and confirm it as solid support and with the bearish scenario when we break the rising blue trend-line to the downside as already mentioned. Many people calling for the complete bearish breakdown now, it is possible of course but this breakdown has to be confirmed appropriately as mentioned and before that we can't say 100% for sure that the bearish breakdown scenario will play out definitely, at the moment bitcoin is still consolidating on the short-term and therefore will decide where it is going to the next time, when the confirmation has come we can examine the next steps and way for bitcoin to enter. Thanks for watching, support for more market insight, and a good weekend, everybody! ;) Astonishment is the basis of reverence. In this manner: FAREWELL Information provided is for educational purposes only and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
10
Litecoin, Major Up-Trend-Channel Broken, Testing Higher Levels!Hello, Traders Investors And Community and welcome to this analysis about the price-structure we are facing in Litecoin at the moment, there are some heavily significant signs which I detected in the chart, we saw high volatility the last time catapulting Litecoin more than 18 % to the downside in just one day after Litecoin formed a fake bull-flag. This shows one more time that the cryptocurrency market is highly volatile and therefore this volatility shouldn't be underestimated. I also made an analysis of Litecoin with a more middle-to-long-term perspective which I recommend you to see when going at my account and look at the analysis regarding this to have a full overview of the price-action we are looking at. This is an analysis of the locally 4-hour time-frame so let's go. When looking at my chart you can see that Litecoin held a major uptrend-channel with its belonging up-trend, there were however several signs that the reversal was possible as I already mentioned in the previous analysis. Litecoin where one cryptocurrency with a relatively weak uptrend compared to bitcoin and ethereum and therefore it was in the possible spectrum that we got the bearish move to the downside we faced now. As you can see also in the chart Litecoin traded in a fake or false bull-flag, this is a formation which is suspected to be a bullish breakout pattern but actually breaks to the downside, there is however not a big percentage of probability that it turns out to be a fake one but in this current case, it happened. In the next hours and days, we can anticipate that litecoin will test its remaining higher levels in the structure as the market is slightly oversold in the short-term basis and probably confirming the fake bull-flag you can see in the chart. Presently we can contemplate that litecoin has overall more potential to the downside as we saw these important bearish move indicating the further bearish continuation. The fact that we had this major high volume and bearish volatility is more bearish than bullish and it was not seen in the overall weak uptrend before. Therefore the likelihood is high that we will continue after litecoin tested the higher resistance areas. The situation right now is a situation where litecoin has a high possibility to form the setup for the next leg down, this is currently the most likely scenario and has to keep in mind but that does not mean litecoin will continue bearish till it gets to zero like many people predicting now and that the bullish phase is over there are still some support levels at the way and therefore we will see if we can stabilize there and how the further possibilities will play out. Many people calling for the complete bottom now, this is a mere speculative tendency and we should keep a cool and rational head to assess the market as best, therefore, we need to see if the bearish signals increase or if we can stabilize on the way down and don't fall for the mere speculative tendency we see so many times these days. Thanks for watching, support for more market insight and all the best! The market-conditions are often the real source of truth. In this manner: FAREWELL Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:LTCUSD
by VincePrince
5
Ethereum, Moving In Downtrend-Channel, Approaching Resistance!Hello, Traders Investors And Community, welcome to this analysis about the current situation we are facing with ETHUSD, there are some important signs which developed in the last time after we had this high volatile move to the downside catapulting to the price-level in which we are hanging right now. As I mentioned already in past analysis about the middle-to-long-term structure in ETHUSD we had some significant resistance-levels to face therefore this move was not unexpected, I recommend that you go to my account and look at the analysis on a higher time-frame to have a full-depth-overview. Now we are looking at the locally 4-hour time-frame and there are some fundamental meaningful signs we have to keep in mind currently. When looking at my chart you can see that ETHUSD fell down from the 214 after a consolidation to form the current low at 180 USD and confirming the overall downtrend-channel in which it is trading at the moment and which you can see in my chart marked with the blue lines. The price-structure we are facing now looks like a double-bottom with potential for a smaller to bigger rally to the overall resistance-cluster you can see in my chart. Furthermore, there are several resistance levels coming together in the resistance-cluster and therefore validating the resistance there, once it is the 100-EMA which you can see in blue and secondly there is the point of control at the 198 price-level which you see marked in grey in the chart which is confirming as a solid resistance level, therefore, these factors building the overall resistance in that level. When we touched the resistance we can expect highly likely a continuation to the downside confirming the high volatile bear-move, it is a good opportunity to enter in short to the market, the formation can be traded aggressively with an immediate entry in the resistance-cluster or conservative after confirmation in the resistance-cluster, I will look for a good conservative short-entry in the range there. Thanks for watching, support for more market insight, and all the best! Convicition is the search for ultimate meaning. In this manner: FAREWELL Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:ETHUSD
by VincePrince
15
Ripple, Important Breakdown, Weighty Fractal Still Contributing!Hello, Traders Investors And Community And welcome to this update-analysis about the current scenario happening to ripple, as we saw the last days some cryptocurrencies made good gains while others struggling to form new highs on the way up, one of it is ripple where I already mentioned in the past analysis that there is still a meaningful historical fractal in play and that we are trading at the 50 % and 200-EMA resistance in ripple which we confirmed already in the past fractals in the first period of the overall fractal structure. I highly recommend to you that you have a look at this analysis to have a full-depth-overview and see in which period we currently trading in the fractal structure! What we have seen now is the third significant fundamental 200-EMA confirmation of the fractal structure as I mentioned, according to the fractals, there is a further decline awaited finally going to the lower boundary of the overall channel. As you can see it already marked in the past analysis and in the current analysis I mentioned that when we cross the 0.1723 level to the downside we have a high probability that the third fractal play out exactly like the two seen before with a touch of the lower boundary and after that the move to the higher boundary. As you can see it in my chart we have a bearish breakdown zone below the 0.1723 where there is a high likelihood given for heavy supply entering the market pushing the price down at least to test the lower boundary. The next time I am expecting a test of the strong resistance line you can see in my chart at the 0.21073 level in red which will serve as an important resistance now and in the future, if we confirm it we have a high possibility in the schedule to test at least the support at the 0.18035 level which you can see in my chart marked in grey. This is heavily important for ripple to hold if considering at least a range building or possible reversal here! Otherwise, when we fall below this level the high likelihood is given that we fall heavily to the downside. Currently, we have to see how this plays out, there is still the small possibility given that we stabilize in this range and move high but this is currently the not highest possible scenario as we broke bearish to the downside with heavy volatility and volume. Thanks for watching, support for more market insight, and all the best! We have to invoke with our eyes on the market, not on the difficulties. In this manner: FAREWELL Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:XRPUSD
by VincePrince
10