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Vinceprince

BITCOIN, Major FLAG-FORMATION Set To Alter Upcoming DYNAMICS!Hello, Welcome to this analysis about Bitcoin and the 2-day timeframe perspectives. In recent times there evolved significant changes in the cryptocurrency space, there is a lot going on and highly mixed developments from a fundamental viewpoint. From a technological view, Bitcoin is moving forward and making progress in different fields such as Twitter adopting the new Bitcoin Lightning Tipping Feature allowing users to tip Bitcoin in this social media platform or Robinhood the broker that is well known for the wall street bets short-squeeze launching a cryptocurrency wallet that is likely to drive new users and volume into the market. These are all great developments going on and showing that Bitcoin is not standing still and is moving forward however from the regulatory side there is increased pressure such as Binance shutting down cryptocurrency trading in the Netherlands, Germany, Italy, and also Singapore which are normally countries that do not have major restrictions against cryptocurrency, there can be a connecting to the China FUD (Fear-Uncertainty-Doubt), although Bitcoin every time recovered from these aggressive restrictions this can be a central driver of bearish supply moving in here, this does not mean Bitcoin is completely bearish however it should be watched with an attentive eye especially when volatility in the market should increase again in the next developments. In this manner, when looking at my chart we can watch there how Bitcoin has formed this massive ascending-channel within the structure and within the major descending-channel which is also pivotal in this relation. Bitcoin in this main ascending-channel has developed a coherent wave-count with the waves A to C almost completed, now with Bitcoin moving into the lower boundary and also testing the 100-EMA in red as well as the 65-EMA in green this is a crucial development as this can actually be a wave-D in the structure or just the weakening of these lower levels. In this case it is possible that Bitcoin shows up with a initial bounce here as it is marked in my chart which will firstly move on to test the main local resistance marked in my chart in red, when Bitcoin does not have the ability to close above this resistance it will lead to the pullback and reversal in this area, otherwise when not Bitcoin will have the ability to move higher and form the second scenario to approach the main upper-resistance-barrier also marked in my chart. Both scenarios are likely to lead to pullbacks because resistances are still given and Bitcoin did not yet showed significant bullish signs. When these pullbacks develop either with scenario 1 or 2 this will lead to the completion of the channel as a flag when Bitcoin breaks out below the lower boundary, in this case the approaching of the main lower-support-zone will be likely from where Bitcoin will have the ability to stabilize again and built up, this level will be important to hold because bearish pressure will increase further below. Therefore we need to keep in mind here that these dynamics are still given and should not be underestimated, therefore it is best to properly recognize that such developments can happen and prepare on it to profit of coming opportunities resulting out of it as sophisticated traders to and as we realized it in the VIP channels. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
34
Cardano, Main Descending-Channel, Important Determinations!Hello, Welcome to this analysis about Cardano and the 4-hour timeframe perspectives. Cardano in recent times has formed a decisive structure in which the upcoming determinations will be important especially with the formation I discovered here these dynamics can lead to significantly increased volatilities. As when looking at my chart we can watch there how Cardano is moving within this massive descending-channel-formation marked with the boundaries in black. In this channel Cardano has the coherent wave-count with the waves A to C already completed. Now within the establishment of the crucial wave E Cardano is forming this ascending-triangle-formation also with a coherent wave-count within and the upper resistance-cluster higher in the structure. When Cardano completes this whole wave-count and moves into the upper resistance-cluster this will be a high likelihood origin of a bearish pullback to the downside which will continue once Cardano closed below the lower boundary of the ascending-triangle. Such a breakout will mark the origin for further bearish continuations to the downside till Cardano has reached the decisive decision-zone marked in blue from where Cardano will either have the ability to stabilize and built up on it or just breakout below this zone and continues downward, these are the two scenarios to consider then once Cardano completed the wave-count and reached the decision-zone. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "The past like the future is indefinite and exists only as a spectrum of possibilities." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
9
SPX INDEX, Head-Shoulder- And Ascending-Wedge Completion!Hello, Welcome to this analysis about the S&P 500 Index and the 4-hour timeframe perspectives. In recent times the Index pulled back heavily after forming the 4540 and now rebounded to form an initial relief-rally, nevertheless, there is still an increased bearish edge underlying that should not be kept by the side here. On a fundamental basis the real economy is still damaged by the corona crisis and what we have seen in the recent moves to the upside is an overvaluation moving above the normal healthy valuations. This is why these developments are likely to bring the fuel for a correction and acceleration of bearishness. In this case now I discovered all the important levels and upcoming determinations we need to consider. As when looking at my chart we can watch there that the Index has formed two main formations in the structure, the first formation is still massive ascending-wedge-formation with the coherent wave-count within completed and the breakout to the downside emerged, the second formation which already begun to develop with the forming of the ascending-wedge-formation simultaneously is the head-and-shoulders-formation of which the left shoulder and the head already completed and the right shoulder is now about to finalize with the Index directly moving into this massive resistance-cluster marked in red where several resistances coming together consisting of the 65-EMA, the horizontal resistance, and the lower-boundary-resistance. This is why a pullback from this area is highly likely and should be expected, the Index then has a high possibility to continue with the right-shoulder-development and complete also the H-S-Formation. Taking all these factors into the consideration now we should expect the head-and-shoulder-formation to finalize within the upcoming times, this will happen when the Index continues bearishly and finally pulls back below the neckline as it is marked in my chart. Such a breakout will be the high potential source of a confirmational-formation that forms below the neckline and which can take the form of a bear-flag or triangle-formation from where the Index follows up and continues bearishly to the downside. The main target-zone, in this case, is within the 4220 Usd level marked in blue from where the situation needs to be elevated anew, when this level does not hold a bearish continuation will emerge below. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
SP:SPX
by VincePrince
5
BTC, Builds GIGANTIC Trianlge- Or Bull-Flag-Formation!Hello, Welcome to this analysis about Bitcoin and the weekly timeframe perspectives. In recent times Bitcoin is still holding above the 40.000 USD which is initially a good sign however there are also still strong resistances above in the structure and in case Bitcoin pulls back from these this can lead to a move below the important psychological level of 40.000 USD again, in this case, it will be crucial in terms of the main formations forming for Bitcoin I spotted. The news is more positive for Bitcoin as Robinhood the well known online broker is launching its cryptocurrency wallet services and the congressman of Paraguay announced that he is going to make Bitcoin an official currency, all these developments showing Bitcoin is fundamentally moving forward and in this case, the actual price-action-developments are also pivotal therefore Bitcoin has to process the good news and convert it into the necessary demand boost, in this manner I detected two main potential formations to keep an eye on. Looking at my chart we can watch there Bitcoin moving in this massive high-base formation with the developments above the 100-EMA in red as well as the 65-EMA in green. Above these pivotal reference-levels Bitcoin is forming this massive potential triangle-formation with the coherent wave-count within the formation and the waves A to B almost already completed. In the next times there is a higher likelihood given that Bitcoin continues with the wave-count within the triangle-formation and in this terms with the establishment of the waves C to E which will continue if Bitcoin breaks the 40.000 USD level. When this happens Bitcoin will have the ability to complete this massive triangle with a bullish breakout to the upside nevertheless when Bitcoin shows up with exceptional increased bearish pressure in the schedule this whole triangle-formation can also initially invalidate to the downside which will happen with Bitcoin breaking below the lower boundary instead of the upper-boundary, this will lead Bitcoin to develop a wave-E-extension to the downside, in this case, the major massive bull-flag will have the potential to rightly complete. In case Bitcoin shows up with the triangle-invalidation and the bearish continuation the key support, in this case, is at the 19.200 USD level which previously was the all-time-high, when Bitcoin bounces in this area and continues to the upside this will lead to the appropriate completion of this paramount formation as a bull-flag. These are the two main considerations and scenarios significant in the next times. It is important to await either the triangle- or the bull-flag validation, when this is done the next measurements can be done with the major wave-C-developments. Fundamentally speaking it is unlikely that the bullish market is over yet and that Bitcoin will not do a new all-time-high within the upcoming months because more and more institutionals and classical economy participants looking to enter the Bitcoin and cryptocurrency space though the demand is there and increasing while the real economy is still riddled by the corona crisis and inflation is accelerating investors look for a hedge in Bitcoin however we should not underestimate the volatility preexisting in the market and prepare on these two scenarios, it will be an important journey. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "Good fortune is a residue of preparation." Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
62
TSLA, Massive Channel-Formation, Potential Bear-Flag!Hello, Welcome to this analysis about TSLA and the daily timeframe perspectives. TSLA in recent times is struggling to maintain new highs for a time now while other high-cap stocks made new highs and the overall market determined by the indices also TSLA stayed below the all-time-high region and in this case, I discovered an important pivotal formational structure TSLA is forming here that will be a decisive factor in the upcoming times, especially when completed this can lead to increased volatilities ahead in the schedule. Therefore, as when looking at my chart now we can watch there how TSLA has formed this massive channel-formation with the coherent wave-count within the formation and the waves A and B already completed. Now as TSLA is forming the wave C in the structure it approaches the upper-boundary-range where major resistances lying forming all together the resistance-cluster marked in red where several resistances coming together. Because of the several resistance and due to the fact that TSLA is further slowing down with bullish momentum here a pullback from this level is highly likely, once established it will be crucial because when TSLA continues bearishly after that finally pulling below the point-of-control in the volume-profile this gives the indication for the continuations and finally the completion of this whole formation when TSLA closes below the lower boundary this will complete the whole formation as a bear-flag and TSLA will move on to the initial target-zone marked in red from where the situation needs to be elevated anew in terms of TSLA holding this level or just setting up for a bearish continuation, it will be an important development ahead. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! Information provided is only educational and should not be used to take action in the markets.
NASDAQ:TSLA
by VincePrince
10
BTC, Main Bearish Scenario Completed, Further Determinations!Hello, Welcome to this update-analysis about Bitcoin and the 4-hour timeframe perspectives. Since the origin-analysis Bitcoin moved on with the mentioned scenario 2 and rightly pulled back from the resistance-cluster to continue with the further bearish alignments as expected, if you did not see this analysis already I highly recommend it to watch to have a full-depth-overview. In this update-analysis I altered the previous interface and made some lines thinner to have a better overview as well as added important elements that have changed since the origin-analysis, as Bitcoin now rightly reached the target-zone determined by scenario 2 I detected further important determinations worthwhile to look at. As when looking at my chart now we can watch there that Bitcoin since the bearish pullbacks occurred and the lower target-zone has been reached formed this major descending-channel-formation marked with the boundaries in black. Bitcoin now initially bounced in the 40560 target-zone and when the bullishness can increase further above this level it will be a indication for Bitcoin to move on and test higher levels determined by the 44080 level which was previously support is now resistance, when Bitcoin reaches this level there is a high likelihood given that Bitcoin then firstly pulls back bearishly as this is just too strong of a resistance and also matching with the 100-EMA resistance. Mainly it will be pivotal on how Bitcoin pulls back from this previous support which is now resistance, when the pullback is not that strong there is the potential given for Bitcoin to move on possibly above the resistance and approach further levels where the next zone will be the upper-boundary of the channel which will be crucial because in this case the pullback has even a higher possibility to develop. Mainly it will be likely that Bitcoin moves forward to test the scenario 2 target-zone at the 40560 Usd level again and it will be decisive if Bitcoin finally stays above this level or pulls back below. If Bitcoin stays above this level there is the potential for further bullish stabilization and finally a breakout to the upside however when Bitcoin does not hold this level above the scenario 2 target-zone sustainably there is a bearish continuation indicated. therefore it will be a highly significant determinant of how Bitcoin moves further in this paramount descending-channel-formation, if it manages to stay within these ranges and build up it can be a great origin for an exponential breakout to the upside. In the near future, Bitcoin needs to show how it moves into the previous support that is now resistance and how the dynamics develop from there on with the suggested criteria, it will be an important journey. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
12
BTC, BEARISH PRESSURE Increased, BEAR-FLAG To Complete!Hello, Welcome to this analysis about Bitcoin and the 4-hour timeframe perspectives. Great to see our short-position we entered in Bitcoin at 47300 USD moved into worthwhile profit-zones as the bearish price-action for Bitcoin increased recently, we also secured our profits in Ethereum and XRP and now it seems like there is further bearish potential given as the market conditions altered into a more bearish interface. Although it is not a good entry here I detected that Bitcoin has a high possibility to continue with the recent developments according to the market conditions that have changed, this is always necessary as I mentioned it already severely, we always wait on the proper validations before coming to further conclusions rather than overspeculate the market into a one-sighted direction. The market is constantly changing, especially in cryptocurrency which keeps being volatile, therefore it is central for sophisticated trading to prepare on the changing dynamics which is a significant philosophy that we also apply successfully in our channels, therefore I discovered the important formational structures and upcoming determinations. Looking at my chart now we can watch there Bitcoin has developed this massive channel-formation which now turns out as a bear-flag as Bitcoin completed the initial ABC-wave-count in the channel and what is important here is the bearish pressure with which Bitcoin showed up recently after pulling back off the upper-boundary which is actually an indication for continuations. Also, Bitcoin is now penetrating the lower-boundary and the crucial 500-EMA lying there marked in grey in my chart which is the last wall before the bear-flag-formation finally completes which will happen when Bitcoin pulls back below the lower boundary as it is seen in my chart, such a dynamic will indicate the further bearish continuations to establish and Bitcoin increasing bearish price-action. When this happened the main initial target-zone is between the 39650 and 40600 USD level from where the conditions need to be elevated anew. It is possible that Bitcoin creates a new bearish formation once the initial zones are reached, therefore it is important how Bitcoin reacts to these, it will be an important development. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "Good fortune is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
24
XRPUSD, Triangle-Formation, Main Possibilities!Hello, Welcome to this analysis about XRPUSD and the 4-hour timeframe perspectives. As already mentioned previously the cryptocurrency market divergence is increasing more and more, this is why there are coins that have more bearish, neutral or bullish conditions, these divergences are highly necessary to assess and with XRPUSD I detected that it is actually forming a more bearish pattern here. Therefore as when looking at my chart we can watch there how XRPUSD is developing this main triangle-formation with the coherent wave-count within already completed, now as XRPUSD is testing the 300-EMA marked in darker green once again there is not much bullishness coming in in this zone which can invalidate the triangle bullishly to the upside therefore it is more likely that XRPUSD completes this whole triangle-formation bearishly to the downside which will happen with a breakout below the lower boundary, nevertheless it is pivotal to wait for the final completion because the possibilities can also change again when increased bullish signs develop, in this case, once the more likely bearish breakout emerged this will point to the continuation-setup and XRPUSD will move on to approach the lower target levels. These are marked in blue in my chart, once XRPUSD has reached out there it needs to show if these levels can hold otherwise when it does not happen a bearish continuation will develop within the bearish-continuation-zone. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! Information provided is only educational and should not be used to take action in the markets.
BYBIT:XRPUSD.P
by VincePrince
15
BITCOIN, Crucial Channel, Upcoming Conclusions!Hello, Welcome to this analysis about Bitcoin and its 4-hour timeframe perspectives. Bitcoin in recent times as expected managed to complete this local ascending-triangle and bounce above the first local support I mentioned in the former analysis. Nevertheless, we see increasing regulatory pressure on Bitcoin in recent days as Crypto exchanges close in countries like South Korea or other countries looking to tighten measurements and restrictions on Bitcoin as well as Cryptocurrency Mining and Trading, such developments in a market phase we currently are in should never be underestimated and amidst the local breakouts, Bitcoin formed here I detected other signs that are significant for Bitcoins upcoming determinations. Looking at my chart now we can watch there how Bitcoin managed this initial breakout and has now the dynamic neckline marked in blue within the structure in this broader global ascending-channel-formation in which it also formed this wave-count with the waves A to C already completed Besides that Bitcoin has the accumulational-zone marked in green within the lower boundary and the distributional-zone marked in red within the upper-boundary. This means as Bitcoin approaches the upper distributional-zone there is a high likelihood that a pullback establishes which then will be the origin of the wave D to the downside to continue with the wave-count Bitcoin established here. When Bitcoin continues with the wave-count it has great supports lying within the lower boundary and the confirmation-bounce-cluster marked in blue within there where several supports coming together consisting of the accumulational-channel, the 300-EMA and the dynamic neckline, this is why there is a great likelihood given that Bitcoin bounces in this zone and continues with the wave-count and the wave-E-developments which will be crucial as it will mark the finalization of the whole wave-count and Bitcoin will approach the upper distributional-channel anew where also this all-time-high-projection-descending-resistance-line enters the surface with a pullback awaiting when Bitcoin approaches this structure. Main it will be important to elevate how Bitcoin continues then within this massive channel, either Bitcoin will have the ability to stay in this whole channel and build up bullishly within or the bearish pressure is that high that Bitcoin will breakout below the lower boundary of the massive ascending-channel which will complete it as an inevitable bear-flag with further bearish continuation to establish. These dynamics need to be shown then and it is pivotal to keep patient and await these dynamics before rushing into trades, as a potential long would be when Bitcoin manages to stabilize in this channel sustainably and a potential short when the breakout below the boundary happens, this needs to be shown then before coming to conclusions. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
34
DXY, Broadening-Wedge, Pullbacks Likely!Hello, Welcome to this analysis about the US-Dollar Currency Index and the 12-hour timeframe perspectives. In recent times the Index developed important structures in which I discovered underlying formations and levels that will determine the upcoming destinies of the Index. When looking at my chart now we can watch there how the Index has formed this main broadening-wedge-formation marked with the boundaries in blue, within this formation the index has the coherent wave-count with the waves A to D already formed, and with the waves B and D the Index heavily pulled back bearishly to the downside. Now the index is about to form the wave E in which it already completed the first local wave A and has now the local resistance-cluster within there in which a pullback to the downside will be likely when the Index moves into it, this will complete the wave B and the Index will continue to form the wave C to the downside that is part of the major wave E, when this happens the Index is likely to firstly test the lower boundary and the 400-EMA marked in red within there, when this EMA and boundary do not hold with the Index pulling below this will complete the whole wedge-formation and will be the origin for continued bearish pressure to the downside till the lower levels are reached marked in my chart in blue, it will be important then how the Index reacts within there and if there comes a stabilization or just the next bearish setup to the downside. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the markets.
TVC:DXY
by VincePrince
8
CRYPTO-CAP, Upcoming Scenarios, How Potential A-T-H Establishes!Hello, Welcome to this analysis about the TOTAL CRYPTO MARKET CAP which includes BTCUSD and its 4-hour timeframe perspectives. As I discovered the Crypto-Cap has formed some quite interesting developments as it was near the all-time-high region before the bearish dump to the downside finally emerged. Now in this whole structure I detected an important formation forming that can lead the Crypto-Cap to new all-time-highs sooner or later nevertheless for now it is important to keep patient and elevate how the Crypto-Cap develops in the near future before rushing into trades that do not satisfy, therefore I determined all the important levels, upcoming establishments and possible scenarios we should consider. When looking at my chart now we can watch there how the Crypto-Cap has its all-time-high within the 2.484 TRILLION regions as marked in blue in my chart, therefore, the total crypto-cap came nearer to its all-time-high region than for example it is the case with Bitcoin. After the dump has shown up here the Crypto-Cap moved on to test the dynamic ascending-support-zone marked in blue in my chart which it already marked several times as support before. Now the total Crypto-Cap is also within this main descending-channel-formation marked with the boundaries in dashed dar grey, within this channel the Crypto-Cap has its coherent wave-count to the downside with the wave A already completed and with the wave B forming now, this wave B will directly run into the resistance cluster from where a pullback will be highly likely which then will mark the beginning of the wave C to the downside testing the dynamic support-zone anew, this will be crucial because this zone needs to hold for the Crypto-Cap to bounce and form a breakout above into the bullish direction which can lead to a new all-time-high here, otherwise when the support does not hold the bearish pressure will continue and this will lead to a wave-C-extension. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
CRYPTOCAP:TOTAL
by VincePrince
6
AUDUSD, In The Descending-Channel, Next Bearish Impulse Ahead!Hello, Welcome to this analysis about AUDUSD and the 12-hour timeframe perspectives. AUDUSD in the recent times is forming important developments and as I discovered is about to establish the setup for the next bearish wave to the downside. Therefore as when looking at my chart we can watch there how AUDUSD has developed this main descending-channel-formation with the coherent wave-count in the channel and the waves A to D almost already completed. Now as AUDUSD approaches the upper-boundary and the main resistance-cluster within there consisting of the upper-boundary-resistance, the horizontal-resistance as well as the 1000-EMA in red this is a highly likely origin for the next bearish impulse-wave E to the downside which will then complete the whole wave-count and mainly will approach the lower dynamic-target-zone marked in orange from where a bounce can be possible when AUDUSD rightly increases with bullish demand in this zone which is necessary because otherwise, the whole formation can also invalidate to the downside, for now, the completion of the wave-count and approaching of the dynamic target-zone will be important. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! Information provided is only educational and should not be used to take action in the markets.
by VincePrince
11
AAPL, Crucial Structure, Over -25% Drop Not Unlikely!Hello, Welcome to this analysis about AAPL and the 2-day timeframe perspectives. The stock market is moving into more and more overbought conditions seen in the major indices like the S&P 500 or the DOW JONES INDUSTRIAL as the printing press is still moving exponentially since last years corona pandemic shocked the world's economy, now given this we can measure that these are unhealthy developments as inflation is taking place and is at a point the last time seen in the 2008 financial crisis, this just is fueling the market with inflationary money and bringing the asset-price-inflation forward we see now however this can not go on forever, there is a correction insight and in AAPL I detected the technical signs in the relation now. When looking at my chart we can watch there how AAPL has emerged with this massive ascending-wedge-formation which is in many occasions a formation defining a bearish reversal to the downside and therefore should not be kept from the desk here especially as AAPL reached an overbought condition and is slowing down in momentum as the decreasing-volatility-circle marked in dashed red shows in my chart. In this case now AAPL completed the coherent wave-count within the formation and now pulled back almost the third time from the upper-boundary and as AAPL also forms this local head-shoulder-formation there is a high possibility given that the pullback firstly initially minimum continues to the lower boundary. Taking these factors into the consideration, when AAPL completes the head-shoulder-formation here and continues to test the lower boundary this will be crucial because when AAPL breaks out below the boundary and also below the 61.8% Fibonacci-retracement this will mark the completion of the whole formation and will activate the lower target-zones, firstly the initial drop-zone and when this zone does not hold the full drop-target-zone at the psychological level 100. What AAPL does then within this zone will be important in any case the bearish perspective should not be underestimated here especially when bearish pressure accelerates under the suggested conditions in the near future. In this manner, thank you for watching my analysis about BITCOIN and its major distribution-fractal compared to the previous and central upcoming determinations to consider, support the analysis with a like and follow or comment for more market insight! "The past, like the future, is indefinite and exists only as a spectrum of possibilities." Information provided is only educational and should not be used to take action in the market.
NASDAQ:AAPL
by VincePrince
13
BITCOIN, Double- Or Triple-Bottom-Formation, Important Zones!Hello, Welcome to this analysis about Bitcoin and the 4-hour timeframe perspectives. Bitcoin since showing up with the increased continuations to the downside has found initial support at the lower support-zone of 44200 USD and as I discovered now there is an interesting formation forming that can lead to upcoming increased volatilities within the schedule, therefore it is necessary to do not overspeculate the situation and to wait on the right confirmations before rushing into the market, therefore as I detected when Bitcoin shows up with these pivotal confirmations there are great potentials given, in this case, I am looking at the important levels, likely scenarios, and upcoming determinations. When looking at my chart now we can watch there how Bitcoin recently bounced above the 46880 Usd level that is marked in blue and which is the neckline of this main double-bottom formation Bitcoin formed here. Technically this formation is completed and confirmed now as Bitcoin also managed to bounce above the 50-EMA in red and the 100-EMA in green and there is a good potential given that Bitcoin continues from here nevertheless there it is not seldom seen that such a breakout above the neckline of a double-bottom turns out to be a bull-trap, in this case, Bitcoin needs to show if it can hold this level here rightly or firstly pulls back below the neckline which can lead to the test of the lower levels. When Bitcoin manages to hold this level here properly and increases with demand in the structure the dynamic target-zone marked in my chart in the descending-resistance-line has a decent ability to be approach. It will be important how Bitcoin reaches this potential target-zone because when this happens with high volatility and high volume there is the possibility given that Bitcoin builds up further bullishly to move into the bullish-continuation-zone, in any case now Bitcoin needs to show if this crucial neckline holds or a pullback firstly develops, such determinations are always always very central to watch out for because we are trading what we see and not what we think, therefore it will be a important journey ahead. In this manner, thank you for watching my analysis about BITCOIN and its major distribution-fractal compared to the previous and central upcoming determinations to consider, support the analysis with a like and follow or comment for more market insight! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
12
BTC, Major DISTRIBUTION-FRACTAL Finalized, Conclusions AHEAD!Hello, Welcome to this Update-Analysis about Bitcoins Major Bearish Distribution-Fractal I spotted in the origin-analysis, if you did not see this analysis already I highly recommend it to watch to have a full-depth-overview. As the fractal now finally completed with the main wave G completing the wave-count I talked about in the origin-analysis with Bitcoin also breaking below the main trend-line and below the 20-MA in blue this was the full completion of this massive fractal exactly with the same developments and elements like within the first fractal just on a more local scale. Now as these determinations developed I discovered further important signs, structural formations, and upcoming determinations that are pivotal in these dynamics. Taking a look on the major recent news emerged in the last times we can watch there that there is the main discrepancy between the news release which are in a more or less higher majority bullish and the actual price-action Bitcoin developed which included this heavy bearish dump, this is playing into the theory of the divergence in news releases and the misleading of public and the actual Bitcoin price-action-dynamics. As El Salvador emerged as the first country adopting Bitcoin the market crashed on the same date however in the middle-to-long-run this legal tender adoption can lead to an increase in Bitcoin demand as there is a 400 Million US-Dollar wealth transfer likely to happen in El Salvador from classical payment providers such as Western Union into Bitcoin. On the other side, there is news that fueled this heavy bearish pullback to the downside such as China tightening restrictions on Bitcoin or the SEC moving forward with regulatory measurements. These factors contributing to the bearish dynamics Bitcoin showed up with and continued development in the caused actions can even increase further supply in the near future. When looking at my chart now we can watch there how Bitcoin now recently fully completed the fractal-wave-count and moved below the trendline as well as the 20-MA therefore the whole fractal was completed with highly increased bearish volume as expected. Now as Bitcoin found support above the 43500 USD area there is an increased potential given that Bitcoin has the ability to bounce back and test the 20-MA again however when considering this whole structure the 20-MA is now a strong resistance from where a pullback has an increased likelihood this is why a pullback from this retest is definitely within the possible spectrum, therefore, when Bitcoin does not manage to hold the 43000 USD zone sustainably and further supply enters the market this will lead to a continuation to the downside when Bitcoin breaks this level, when this happens the main fractal target zone will be around the 35500 USD level marked in blue which is also the equivalent of the beginning of wave-B similar as it developed in the first fractal already, then Bitcoin needs to show how it approaches these zones, it will be an important development ahead. In this manner, thank you for watching my analysis about BITCOIN and its major distribution-fractal compared to the previous and central upcoming determinations to consider, support the analysis with a like and follow or comment for more market insight! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
85
ETHEREUM, Potential Channel-Breakout Incoming!Hello, Welcome this analysis about Ethereum and the 4-hour timeframe perspectives. Ethereum since showing up with its heavy bearish encounters to the downside has managed to hold the support above the 3200 USD mark and as I discovered now Ethereum is developing a potential setup for an appropriate upside-channel-breakout. Therefore, as when looking at my chart now we can watch there how Ethereum emerged with this descending-channel-formation in black above the main ascending-trend-line in blue, in this formation Ethereum has developed the coherent wave-count and already completed the initial waves A to C. Now when Ethereum manages to hold this structure properly and build up with bullishness further this will lead to a breakout above the upper-boundary and such a breakout will mark the origin for the further continuations to the upside, especially it will be the source of the main wave-C-extension. Once this happened Ethereum will move on to approach the 3775 USD level marked in my chart from where the situation needs to be elevated anew, either Ethereum manages to hold these ranges or comes up with a pullback which would not be unlikely in this case as there is also resistance in the structure. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! Information provided is only educational and should not be used to take action in the markets.
BYBIT:ETHUSD.P
by VincePrince
14
BITCOIN, Relief-Rally Incoming BUT Crucial Resistance Above!Hello, Welcome to this analysis about Bitcoin and the 4-hour timeframe perspective. As Bitcoin recently showed up with the heavy bearish dump to the downside which was the completion of the ascending wedge formation I mentioned previously Bitcoin now found initial support above the 44.000 USD level and is somewhat building up here nevertheless as I discovered now there are important structures that should not be kept from the desk as it is not unlikely that after such a dump which also printed a huge bearish engulfing candle on the weekly timeframe further downside happens, therefore I detected what are the important zones and upcoming determinations especially with consideration of the potential incoming relief rally. When looking at my chart we can watch there how Bitcoin formed this massive ascending-channel-formation marked with the black boundaries, the lower boundary of this channel is where Bitcoin recently bounced and now moved into this ascending-triangle-development with the wave-count within this triangle. In this triangle the upper-boundary consists of this first resistance and in the triangle Bitcoin is forming the coherent Fibonacci-wave-count between the 43.000 USD and 47.000 USD level with the tightening range and the waves A and B completed, now with the remaining waves C till E this whole ascending-triangle can complete with a local upside-breakout which will be the origin for a wave-E-extension bringing Bitcoin to test the upper 50.000 USD resistance mark which is the main psychological resistance in this whole structure. Once Bitcoin completed the triangle and emerged with the bullish developments to test the second resistance it will be significantly pivotal on how Bitcoin reacts to this zone because when there emerges a strong bearish rejection to the downside this can lead to a breakdown below the lower boundary of the channel and in consequence of this Bitcoin will continue till the next lower supports are reached at around the 40.550 USD level. Otherwise when this does not happens and Bitcoin stays above the upper-boundary possibly showing further increased bullish signs this can lead to the building of a further bigger ascending-triangle that can form a similar breakout to the upside just in a broader aspect, in any case, it will be necessary to keep patient and elevate on how Bitcoin approaches this crucial second resistance because this will determine further conclusions. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
25
BITCOIN-WEEKLY, Approach Of Crucial-Zones, Upcoming Scenarios!Hello, Welcome to this analysis about Bitcoin and the important weekly timeframe perspectives. As Bitcoin in recent times showed up with the heavy bearish breakdowns to the downside not only seeable on the more local perspectives but also on the higher timeframes such as the weekly now looking at there are some pivotal determinations Bitcoin has now developed and formed the structure. in the current phase, it is necessary to look at what Bitcoin will come around with finally before rushing into set conclusions and overspeculating the market into a one-sighted direction, therefore I detected all the important levels, upcoming determinations, and scenario considerations we need to watch out for in the upcoming times. Looking at my chart we can watch there how Bitcoin has formed these three major ascending-trend-lines marked in black. The first ascending-trend-line was already broken before Bitcoin moved to test the second ascending-trend-line and bounce off the structure which was indicated. These three trendlines determine the strength of the bullish trend, when the first trendline is broken this means bulls have lost momentum and it is an indication that the second trend-line will be reached which happened. When the second trendline is broken to the downside bulls lost more momentum and it is the same as with the first, it is an indication that the third trendline will be reached, for now, Bitcoin is still above the second trendline. Besides this trendline also formed this descending-channel-formation at which upper-boundary the recent bearish breakdown had its origins as it is well seeable in the chart. With Bitcoin developed now this bearish engulfing candle there is a high possibility given that minimum lower lows will be formed which will then approach this major dynamic ascending-support-zone marked in orange in my chart where several supports coming together such as the price-action-support marked in blue, the second ascending-trend-line and also the 50-MA. With Bitcoin approaching this level a bounce to the upside is likely and should be expected also because Bitcoin formed this pivotal MACD bullish-crossover. With Bitcoin bouncing in the suggested zone does not mean it is fully out of the woods as Bitcoin needs to hold this level really substantially and does not mark below it because this can also increase bearish pressure in the bearish-continuation-zone, also when Bitcoin holds the level and bounces there is the possibility given that Bitcoin moves further to test the 60000 Usd resistance which will be crucial as it will be the completion of the wave-count and a pullback is likely, after that there is still the second ascending-trend-line which Bitcoin needs to hold and do not break to the downside. These are the main things now and it is inevitable to keep patient and wait for the validations, in any case the bearish perspective should not be underestimated. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
28
Ethereum, Approaches Crucial Zones, Upcoming Determinations!Hello, Welcome to this analysis about Ethereum and the 4-hour timeframe perspectives. As mentioned in previous analysis Ethereum formed this main head-and-shoulder-formation which now finally completed bearishly to the downside and Ethereum moved on with increased bearish pressure even more than it was the case with Bitcoin or also other altcoins in the market. With these dynamics Ethereum testing crucial supports in the structure and as I discovered now there are several considerations that need to be done here which will determine the upcoming price-actions of either bullish or bearish development, therefore I detected all the important levels, structural formations, and upcoming determinations we need to consider. When looking at my chart now we can watch there how Ethereum formed this main ascending-trend-line marked in black, this is the trend-line which held the bullishness previously to the upside and now Ethereum massively dumped into this trendline testing it as initial support and firstly bouncing. This trendline is also matching now with the point-of-control marked in red of the volume-profile as support, this is why the initial bounce showed up now and what we should consider in the next times is Ethereum continuing to bounce from this region to the upside, this will lead to the testing of the upper zones in which Ethereum has major resistances determined by the descending-resistance-line, the 23.6% Fibonacci-retracement and the 50-MA. All these together building a resistance-cluster which is marked in red in my chart and when Ethereum approaches it there is a high likelihood given that Ethereum shows up with a pullback off this area. What will be crucial after this is how Ethereum continues with the pullback, when the pullback stops again within the ascending-trend-line and finds support in this level this can lead to a bullish stabilization above this trendline from where Ethereum can build up and move into the bullish-stabilization-and-continuation-zone marked in green in my chart from where higher levels can be reached, otherwise when this does not happen and Ethereum increases heavily bearishly this will lead to the wave-C-extension when Ethereum moves below the supports. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! Information provided is only educational and should not be used to take action in the markets.
BYBIT:ETHUSD.P
by VincePrince
19
BITCOIN, Since Major Sell-Off, Upcoming Scenarios To Consider!Hello, Welcome to this analysis about Bitcoin and the 4-hour timeframe perspectives. Since Bitcoin recently showed up with the heavy bearish volatilities to the downside the market moved into important initial supports and as I discovered now Bitcoin will have several different scenarios that can develop from now on, therefore it is necessary to elevate on how Bitcoin mainly develops in the next times before rushing into set conclusions and before the determined direction can be defined. Therefore I discovered all the important levels, upcoming determinations, and what we should consider with Bitcoin in its established structure and the upcoming movements we should consider ahead of the next times. When looking at my chart now we can watch there how Bitcoin with the recent dump pulled below the important 49000 to 50000 Usd zone which was a significant psychological level as the selling accelerated below, besides this price-level Bitcoin also moved below the 100-EMA in red as well as the 50-EMA in black which served as important bullish reference-points previously holding the bullishness to the upside. The fact that Bitcoin rushed below these elements makes them pivotal resistances now which are forming into the resistance-cluster marked in red in my chart. The main sell-off does not mean Bitcoin will not have the ability to stabilize here and come up to new highs again however in this case the resistances will be crucial. Taking these factors into the consideration now, what we should consider in the near future is that Bitcoin firstly bounces in the structure here similarly as it is marked in my chart to move on firstly to test the resistance-cluster, in this case, there will be a high possibility given that Bitcoin firstly pulls back off this cluster to the downside which should not be kept from the desk. The central indication then will be on how Bitcoin proceeds with this pullback and basically how strong this will proceed, when the pullback is happening with not much increased momentum there is a good chance given that Bitcoin manages to confirm the main-support-base marked in blue in my chart as support firstly from where a back-up can emerge. In case Bitcoin does not proceed with the pullback with decreased momentum and even increases with bearish pressure into the lower zones this will lead to the continuation to the next given support marked below in blue at the 40560 Usd level, this will be the last reference-support in this whole structure because it will be absolutely crucial that Bitcoin holds this support as a continuation will follow below. The recent events have one more time showed how swiftly the cryptocurrency market can change direction especially as smart money operators are in this market, as traders we need to be prepared on such events to not get cached by surprise when it happens, this is why with our proper preparation in the VIP channels we also managed to execute great short-side trades in the dump occurred. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! Information provided is only educational and should not be used to take action in the markets.
by VincePrince
9
BITCOIN-DUMP-UPDATE, Considerations After The Initial Drop!Hello, Welcome to this update-analysis about Bitcoin and the daily timeframe perspectives. What a massive dump occurred here which has a very unnatural price-action, it would not be the first time a manipulated dump occurs within cryptocurrency however as mentioned in previous analysis Bitcoin was likely to show up with the bearish price-action to the downside recently emerged sooner or later which now happened and Bitcoin massively dumped to the downside amidst the legal tender adoption in El Salvador which can now be a factor of initial demand coming into the structure. If you did not see the previous analysis already I highly recommend it to watch to have a full-depth-overview as this analysis is building a coherent follow-up I detected further important signs, structural developments, and upcoming determinations that will determine Bitcoins journey. As when looking at my chart we can watch there how Bitcoin since my previous analysis has moved above the 50.000 USD mark and formed the final bull-trap above this mark as the bullish momentum was rather weak and Bitcoin did not held these levels in a high-base-formation appropriately the pullbacks showed up which then converted into the dump. What we have also seen with this bounce above the 50.000 USD mark is the bearish fractal Bitcoin already developed before now came across again. Mainly Bitcoin now reached the initial drop-zone marked in my chart in blue between the 42.000 USD and 44.000 USD level which is serving as appropriate initial support from where Bitcoin can build up as already mentioned and expected in the former analysis, nevertheless, it is likely that as Bitcoin now has the 50.000 USD mark as resistance the main pullback from there on firstly establishes. Taking these determining factors into the consideration it will be highly decisive on how Bitcoin approaches the now psychological resistance of 50.000 USD and if the pullback that is likely to develop from there happens strongly or not so, when the bearish momentum is slowing down Bitcoin will have the ability to complete the normal ABC-correction without an extension above the 42000 USD otherwise when Bitcoin increases further heavily with bearishness this will lead to the wave-C-extension and Bitcoin will test the lower zones. This shows one more time how volatile the cryptocurrency market is and how swiftly it can change direction with market makers or without it is staying volatile and this is why we need rightly assure such situations as traders as we have also managed within the VIP channels making some great advancements on the short-side, not only with Bitcoin, it will be an important development ahead. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
35
Massive Cup-Handle-Formation Can Boost BITCOIN To New Highs!Hello Traders! Welcome to this analysis about BITCOIN, we are looking at the 2-day timeframe perspectives. Bitcoin in recent times moved on to initial breakout and form a new high in the structure however there is still a massive resistance holding on and the possibility for a pullback is not yet from the desk here however as I discovered now Bitcoin is about to form a very interesting formation that when it completes has the ability to boost Bitcoin to new highs, therefore it is of pivotal necessity that Bitcoin does not develop price-action that can invalidate this whole formation again however when it does not happen and Bitcoin finalizes the formation properly it will be the origin of great volatilities to be expected. In the last weeks, we saw Bitcoin constantly forming higher highs in the structure while simultaneously developing a bearish divergence on the oscillator side which I already explicated in the former analysis. Although China is moving on with the restriction of Bitcoin trading and mining the Bitcoin price managed to advance, this shows relative strength in the structure and as El Salvador's final adoption of Bitcoin as legal tender is emerging tomorrow this can be an additional indication for increased demand moving into the market. Therefore when considering a pullback in the near future there is a solid support and demand given that provides the fundament for bullish stabilizations and corresponds with the cup-handle-formation I detected. Taking the look on my chart we can watch there how Bitcoin already completed the main cup of the cup-and-handle-formation and now moved on to test the neckline marked in black in my chart, this neckline is also resistance, besides this Bitcoin has also horizontal resistance within this area formed by past price-action and also completed a wave-count recently. These events pointing to a pullback likely to develop in the near futures, it is possible that Bitcoin moves a little higher to form the next bull-trap however the pullback-development should be expected as momentum is also slowing down. Once this has emerged it will be a crucial development to complete the whole formation with the handle. Once the pullback established Bitcoin will approach the lower levels of support marked in my chart in the green area where Bitcoin has paramount support between the 41325 and 43450 USD level, when Bitcoin approaches these zones it is likely that a bounce in this structure occurs that pushes Bitcoin to finally complete the whole formation with a breakout above the neckline, for now it is also possible that the handle completes before this support when the demand in the structure is that much increased that Bitcoin easily bounces therefore it will be central to see how Bitcoin approaches these levels. The whole formation will be completed when Bitcoin finally bounced and stays above the neckline, this will activate all-time-high upside-targets, it will be a interesting journey ahead. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
75
Bitshares, Flag-Formation To Complete With This Price-Action!Hello, Welcome to this analysis about Bitshares and its 4-hour timeframe perspectives. Bitshares in the recent times formed a interesting constellation as it developed several higher highs after another in its structure, such a development in the most times is seen before a more protracted breakout to the upside can establish and in this case I discovered the underlying formation Bitshares is establishing here that has ability to be the fundamental base for these upcoming breakouts. Therefore as when looking at my chart now we can watch there how Bitshares formed this ascending-channel-formation to the upside within which it has a coherent wave-count with the waves A to C almost already completed, now what remains is the completion of the wave D and E. With the wave D Bitshares has its resistance-cluster marked in red within the upper-boundary of the formation to complete within this zone, this is why a pullback to the downside from here is likely, this pullback then will be part of the wave E. Once the wave E has completed it will be a crucial development as Bitshares will approach the lower levels of supports and when these hold appropriately it can be the origin of the completion of the whole formation when Bitshares increases bullish price-action above the upper-boundary of the formation it will be the completion of the formation as a bull-flag and activation of the further wave-count and determinations. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! Information provided is only educational and should not be used to take action in the markets.
B
by VincePrince
14