EOS, Bullish-Triangle-Breakout Completes When This Happens!Hello,
Welcome to this analysis about EOS and its 4-hour timeframe perspectives. EOS as I discovered in recent times has emerged with some interesting formational structures that are worthwhile to look at. Within these times the divergence between certain cryptocurrencies in terms of amplitude, formation structure, and volatility potential increases more and more. This is why it is highly necessary to properly distinguish the individual cryptocurrencies to rightly approach the different types. As I detected with EOS it is forming a formation that can convert into great potentials when EOS shows up with the right price-actions, therefore I discovered all the important levels and upcoming determinations we should consider.
As when looking at my chart we can watch there how EOS is forming this main ascending-triangle-formation marked in orange and consisting of the ascending-trend-line and the upper horizontal trend-line which is also resistance at the moment. Within this ascending-triangle-formation EOS has the coherent wave-count with the waves A and B already completed, now as EOS approaches the upper-boundary-resistance again this is the main resistance from where a pullback is likely which will then be a part of the wave C to the downside completing the wave-count within the ascending-triangle-formation. What comes then will be crucial as EOS will approach the confirmational-bounce-cluster this is an important cluster to hold because otherwise when this does not happen EOS will increase bearishness below and invalidate the triangle however when it happens and EOS properly bounces to complete the wave-count and continue bullishly this will lead to a completion of the whole formation with a breakout above the upper-boundary and once this is done EOS will activate upside-targets.
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Vinceprince
How BTC Will Be Able To Approaching The Main 67K ATH-Resistance!Hello,
Welcome to this analysis about Bitcoin and its weekly timeframe perspective. In the previous analysis, I mentioned already that Bitcoin since developing the candlestick-formation three white soldiers and the breakout above the 20-MA in blue which it did not do since the corona-breakdowns-recovery has confirmed a bullish edge that can form further bull-market-conditions in the upcoming times. Now considering this it is not seldom seen that after such a major breakout a pullback to breakout origin firstly happens before a stabilization in the level can emerge and the asset will have the ability to push to new highs ahead. As already said in previous analysis the pullback for Bitcoin is likely to emerge within the upcoming times because of several factors, mainly it is because Bitcoin approaches the crucial resistance and also has several bearish divergences, in this case now I discovered further factors that will be pivotal in the upcoming times.
When looking at my chart we can watch there how Bitcoin since forming the breakout above the 20-MA moved on to test this upper-boundary of the internal ascending-channel-formation that is marked in orange in my chart, this boundary is resistance and besides that Bitcoin has also horizontal resistance in this level, now together with the local factors I suggested already in previous analysis the pullback is likely to happen, after that, it will be a decisive development on how Bitcoin approaches this confirmation-bounce-cluster marked in blue in my chart because this is a level which needs to behold also matching with the lower boundary of the ascending-channel and the 20-MA, when Bitcoin manages to bounce substantially in these regions it will be the origin of the wave C to the upside within the wave-count with Bitcoin having the abilities to approach the main upper-resistance-level at 61700 which will be a fundamental step into the bullish direction.
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CADJPY, Bull-Flag-Formation, Here Is How It Completes!Hello,
Welcome to this analysis about CADJPY, we are looking at the 4-hour timeframe perspectives. As when looking at my chart now we can watch there how CADJPY has formed this main ascending-bull-flag formation with the coherent wave-count in the formation and the waves A to D already completed. Now CADJPY is about to form the wave E in the structure and once the wave-count has been completed and CADJPY also manages to bounce within the 40-EMA in green and the 20-EMA in red this will be the appropriate origin for a breakout above the upper-boundary of the channel and once this is done it will complete the whole formation as a bull-flag. After CADJPY has completed the formation as a bull-flag the upside-targets will be activated which are within the 90 level, once these zones have been reached the situation needs to be elevated anew and CADJPY needs to show if it manages to continue further bullishly or firstly pulls back and reverses which would be also not unlikely, it will be an important development ahead.
In this manner, thank you for watching my analysis about CADJPY and its main ascending-bull-flag-formation with the upcoming determinations to consider, support the analysis with a like and follow or comment for more market insight!
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CHFGBP, Ascending-Wedge-Formation, Decisive Determinations!Hello,
Welcome to this analysis about CHFGBP, we are looking at the 12-hour timeframe perspectives. When looking at my chart we can watch there how CHFGBP has developed this major ascending-wedge-formation with the coherent wave-count within the formation completed from A to E and with the recent pullback from the higher boundary as the wave-count has finalized CHFGBP showed up with increased bearish volatility to the downside and is now approaching the region around the lower boundary. When the bearish pressure increases further here and CHFGBP finally closes below the lower boundary of the formation this will complete the whole formation bearishly and will be the setup for further bearish continuations to the downside, also the lower target-zone marked in blue will be activated, once this target-zone has been reached the situation needs to be elevated again and CHFGBP needs to show if it manages to back-up in this zone or just sets up for further continuations to the downside, it will be an interesting development ahead.
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DOGEUSD, Descending-Channel-Formation, Likely Bear-Flag Within!Hello,
Welcome to this analysis about Dogecoin, we are looking at the 4-hour timeframe perspectives. Doge in recent times is one of the cryptocurrencies within the market showing rather a weak bullish structure with not that much upside potential as it is the case with other cryptocurrencies which are making constant higher highs. These differences are important here and as I discovered in my analysis Doge is building an important formational structure that is building the source for upcoming volatilities that should not be underestimated. Therefore, as when looking at my chart we can watch there how Doge has formed this main descending-channel-formation marked with the boundaries in blue and within this formation Doge has the coherent wave-count with the waves A to C almost already completed. The wave D within the wave-count is crucial now as it consists of a bear-flag-formation with the local wave-count reaching from A to C within the formation. As Doge now approaches the upper resistance-cluster marked in red in my chart this is a highly likely origin for bearish pressure to the downside which should be expected here and when Doge continues with it this will lead to the finalization of the bear-flag-formation and will provide the setup for further bearish pressure to the downside especially with the wave-E to emerge. Once this is done Doge will look for the lower dynamic target-zone marked in blue from where the situation needs to be elevated anew, it will be an important development ahead.
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NEOUSD, Potential Bear-Flag And H-S-Formation, Important Zones!Hello,
Welcome to this analysis about NEOUSD, we are looking at the 4-hour timeframe perspectives, the recent events, the established formational structure, and what we should expect in the upcoming times. As I discovered NEOUSD is developing a very interesting formational structure here especially with two different formations forming that will be the origin for further volatilities. As when looking at my chart now we can watch there how NEOUSD developed this main ascending-channel-formation marked with the black boundaries, within this formation NEOUSD has the coherent wave-count with the waves A to C already completed and as NEOUSD now approaches this decisive resistance-cluster-zone marked in red in my chart this is likely to be the origin of a bearish pullback to the downside, it will be important then on how NEOUSD continues with this pullback because when it marks below the lower boundary of the ascending-channel this ascending-channel will be completed as a bear-flag and will lie ground for increased bearish pressure continuations. The second main formation NEOUSD is forming here is this massive head-and-shoulder-formation with the left shoulder and the head already finalized. After the bear-flag has been completed and NEOUSD moves on to breakout below the neckline this will also complete the right shoulder of the formation and therefore the whole head-and-shoulder-formation to activate further continuations and the main target-zone marked in blue in my chart from where the situation needs to be elevated anew and NEOUSD needs to show if it manages to reverse within this zone or just sets up for further bearish continuations.
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Bitcoin, Triangle Or Double-Top, Upcoming Possibilities!Hello,
Welcome to this analysis about Bitcoin and the 12-hour as well as 4-hour timeframe perspectives. Bitcoin in recent times moved on to test a second time the important psychological level of 50000 which can confirm as resistance or also as support when Bitcoin manages to bounce above it however at the moment it is still resistance and in this case, it is necessary to elevate how Bitcoin proceeds further here. Basically, there are two formations forming of which one can show a bullish breakout and the other complete a bearish formation, as I discovered there are the underlying possibilities given with a higher bearish scenario possibility when considering also the oscillator conditions and other technical factors nevertheless these possibilities can change also again, therefore I detected all the important levels, upcoming determinations, and potentials we should consider with Bitcoin.
12-Hour Chart Left Side / Divergence Indications And Diverging Possibilities:
As when looking at the 12-hour timeframe-perspective chart on the left side we can watch there how Bitcoin is now still above this main ascending trend-line marked in black and the 30-EMA marked in red, these elements holding the bullishness to the upside for now and above the ascending-trend-line Bitcoin is now showing up with the attempt to form an ascending-triangle in the structure marked in orange in my chart however Bitcoin is also forming a potential double-top-formation here as Bitcoin already rejected initially off the 50100 resistance a second time it is also the approach to form a double-top here. Besides that what increases the bearish scenario possibility is Bitcoin has developed a bearish divergence in the RSI as well as the MACD together, this is why the bearish scenario possibility with Bitcoin completing the double-top has a higher possibility of 65% as for now.
4-Hour Chert Right Side / Higher Likelihood Bearish Double-Top Scenario:
Now as when looking at the 4-hour chart on the right side we can watch there the currently more likely double-top-formation scenario, as Bitcoin firstly has the resistance within the structure, secondly has the bearish divergences on the oscillator-side and thirdly already rejected off the resistance this scenario has a higher possibility to complete. Basically the double-top will complete with two confirmations before that the double-top will not have been fully confirmed and the possibility for the triangle-completion will still be given. Therefore the first confirmation of the double-top will happen when Bitcoin breaks out below the 100-EMA in red and the ascending-trend-line, once this is done the second confirmation will happen with Bitcoin finally breaking out below the neckline at 46750, this will be the full completion of the double-top and Bitcoin will look for the target-zone from where Bitcoin needs to show how to proceed further.
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USDJPY, Ascending-Wedge, Bearish Continuation Incoming!Hello,
Welcome to this analysis about USDJPY, we are looking at the 4-hour timeframe perspectives. As USDJPY already completed the previously mentioned head-and-shoulder-formation and reached the dynamic target-zone appropriately it moved on further and developed further determinations important to look at, if you did not see the analysis about the head-and-shoulder-formation already I highly recommend it to watch to have a full-depth-overview. Now as when looking at my chart we can watch there how USDJPY has formed this bearish wave-count to the downside with the first wave A already completed and now with the second wave B is forming an interesting formation which is an ascending-wedge-formation that is likely to be the origin for further bearish continuations to the downside once it is completed. As the wave-count within the formation is already finalized the whole formation will be finished once USDJPY has formed the breakout below the lower boundary of the formation. Such a price-action will provide the origin for bearish continuations to the downside, the wave-C, and activate the dynamic target-zone, once this zone has been reached the situation needs to be elevated anew.
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Ethereum, Breakout Into Resistance, Upcoming Determinations!Hello,
Welcome to this analysis about Ethereum, we are looking at the 4-hour timeframe perspectives, the recent events, the established formational structure and what to expect in the upcoming times. As when looking at my chart we can watch there how Ethereum recently increased bullishness and moved directly into this remaining resistance-cluster marked in red in my chart, there is a main horizontal resistance within this zone also is Ethereum overbought here together with the long wick candle it formed here a pullback from this point on has a higher possibility and should be considered. What will be important then is what happens when the pullback emerged as Ethereum will likely move on to test this trendline within the structure within which also the confirmational-bounce-cluster marked in blue in my chart is lying, it will be crucial on how Ethereum approaches this cluster because when Ethereum manages to bounce within and build up further this can lead to further developments to the upside and finally a breakout above the remaining resistance-cluster into the bullish-continuation-zone. Otherwise, when this does not happen and Ethereum increases bearishness this can also lead to further downward price-action into the bearish-continuation-zone marked in red in my chart. Mainly these are the two central scenarios to consider here for Ethereums next developments.
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BTC And Altcoins Developed Divergence, Potential Altseason!Hello,
Welcome to this analysis about Bitcoin in comparison to the Altcoin Market-Cap, we are looking at the 4-hour timeframe perspectives. Especially in these times, the divergence between certain cryptocurrencies is increasing more and more while there are cryptocurrencies that form bullish structures and developments, there are others forming more neutral patterns while others developing bearish movements. These divergences are highly important to assess for a potential arbitrage within the market and as I discovered Bitcoin and the Altcoin Market-Cap recently developed an increased divergence especially as the Altcoin Market-Cap formed an upside-breakout while Bitcoin is still in the range, such a beginning increase of divergences can indicate an upcoming Altcoin-Rally as we have seen them already severely in the past.
Structural Developments:
In this manner as when looking at my chart, we can watch there that both Bitcoin and Altcoins formed this ascending-trend-line in the structure marked in black in my chart, furthermore the time and price in which the divergence began is marked in blue, while Bitcoin trended slightly bearishly to the side and downside to make lower lows in the structure the altcoin market-cap managed to build up in this range to set up for the upside-breakout. The main difference is here how Bitcoin and the Altcoin Market-Cap reacted to the ascending-trend-line, while Bitcoin formed a clear breakout below the ascending-trendline the Altcoin Market-Cap bounced to the upside within the ascending-trend-line, also the Altcoin Market-Cap is way above the 100-EMA in red while Bitcoin has severely tested this EMA which is more bearish.
Upcoming Determinations:
Taking these factors into the consideration now in the next times a pullback in both pairs is more likely to consider nevertheless it will be a different way on how these two pairs will develop in this pullback. With Bitcoin it is more likely that it firstly stays below the orange trendline as this trendline is serving as resistance while with the Altcoin Market-Cap it is the case that it formed actually a breakout above this orange trendline, therefore there is a higher likelihood given that the Altcoin Market-Cap confirms the trendline as sufficient support and builds up above this support, when such development happens there is a higher possibility given that the divergence increases more and Altcoins tend to rally further as they already started with this main range-breakout, nevertheless it will be important how both pairs react into the orange trendline given in both of them.
In this manner, thank you for watching my analysis about the BITCOIN and ALTCOIN Comparison and what are the pivotal points to consider in this case in the next times, support the analysis with a like and follow or comment for more market insight!
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B-Cash, Descending-Channel, Potential Bull-Flag When Completed!Hello,
Welcome to this analysis about Bitcoin Cash, we are looking at the 4-hour timeframe perspectives. In recent times Bitcoin Cash has developed an interesting structure and especially with the formation I discovered here will have the ability to increase volatility and complete the formation with a substantial breakout, therefore it is necessary that Bitcoin Cash on the way shows up with the proper price-actions and does not move forward with developments that can invalidate the formation again, when this does not happen and Bitcoin Cash rightly finalizes the whole structure appropriately this can be the origin for great determinations, therefore I discovered all the important levels and upcoming determinations.
Structural Developments:
As when looking at my chart now we can watch there how Bitcoin Cash has emerged with this major descending-channel-formation marked in my chart with the black boundaries, within this formation Bitcoin Cash has established a coherent wave-count with the waves A to D already completed, now Bitcoin Cash is about to form the wave E in the structure and as marked in orange in my chart there is this local bear-pennant-formation that is building the local wave-B in the wave-count to the downside. When this local bear-pennant has been completed this will lead to Bitcoin Cash further increasing bearish price-action and continue with the wave-E-development till the lower levels are reached and the wave-count finalized.
Upcoming Determinations:
Once the wave-count has been finalized this will happen within the lower dynamic-support-and-target-zone marked in my chart in blue, there is a high likelihood given that when Bitcoin Cash reaches this zone a bounce within this structure will emerge as firstly the wave-count will be finished and secondly the substantial supports are given. When Bitcoin Cash manages to bounce appropriately within this structure and increase bullishness in a way that it finally completes a potential breakout above the upper-boundary of this whole channel it will be the setup for further continuations to the upside as the channel-formation will be completed as a bull-flag, it will be an interesting journey ahead.
In this manner, thank you for watching my analysis about BITCOIN CASH and the descending-channel-formation with the potential to complete as a bull-flag, support the analysis with a like and follow or comment for more market insight!
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BITCOIN, Completes MAIN H-S-FORMATION, These Are OBJECTIONS!Hello,
Welcome to this analysis about Bitcoin, we are looking at the 4-hour timeframe perspectives, the recent events, the established formational structure and what we should consider in the upcoming times. As already mentioned in previous analysis Bitcoin has developed a structure where it is forming a decision-phase between the 46000 to 50000 Usd area, that being said that Bitcoin after completing the pattern here is likely to increase volatility and as the indications show up at the moment the initial bearish breakout to the downside has a higher possibility, this does not mean Bitcoin is completely bearish however in any case the bearish perspectives should not be kept by side here, therefore I detected the underlying formation and upcoming determinations we should consider with Bitcoins established structure and the price-actions to expect in the incoming terms.
Structural Developments:
As when looking at my chart we can watch there how Bitcoin has moved on to form this main decisive formation in this whole structure, this formation is a head-and-shoulder-formation and it is in most occasions a formation that indicates a bearish reversal to the downside when completed in a way that it is not invalidated again. In this manner, Bitcoin already completed the vast majority of the technical parts of this formation with the left shoulder, the head, and the right shoulder. Recently Bitcoin continued with a crucial price-action as it bounced below the neckline with this increased volatility spike on high volume and bearishness, this means the whole formation is completed technically, also playing into this development is the fact that Bitcoin is now trading below the 100-EMA which was a significant support-base previously.
Upcoming Determinations:
Taking all these factors into the consideration here now what we should expect in the upcoming times is that Bitcoin continues with the bearish developments as Bitcoin also activated the downside targets. Therefore Bitcoin is about to form this confirmational bearish pattern below the neckline which can complete as a bear-flag or just a retest of the neckline to setup and continue further bearishly. In some occasions such a formation can also invalidate to the upside, this is when the asset manages to increase bullishness in such a manner that the price-action has the ability to back-up and bounce above the neckline again to continue further bullishly. Such a price-action should be watched here however when it does not happen Bitcoin is likely to reach its downside-target-zone marked in my chart in blue from where the situation needs to be elevated again, it will be an important development ahead.
In this manner, thank you for watching my analysis about BITCOIN and its main head-shoulder-formation with the upcoming determinations crucial to consider, support the analysis with a like and follow or comment for more market insight!
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Polkadot, Channel-Formation-Developments, Determining Zones!Hello,
Welcome to this analysis about Polkadot, we are looking at the 4-hour timeframe perspectives. Polkadot is in a constellation where it will show up with important decisive determinations in the upcoming times and in this case, I discovered an important formation Polkadot is forming here with the main conclusions giving the indications for Polkadot upcoming perspectives. Therefore, when looking at my chart we can watch there how Polkadot is within this main ascending-channel-formation marked in my chart with the blue boundaries, within this channel Polkadot has the coherent wave-count with the waves A and B already completed and wave C upcoming which will emerge once the local bull-flag marked in my chart has been completed however it is necessary to acknowledge that there is a strong resistance still within the structure both horizontally and descending marked in dashed red this means that Polkadot has a high possibility to reverse there.
Taking these factors into the consideration Polkadot when pulling back from the highly possible reversal zone and also the resistance zone will firstly continue to test the lower levels in the ascending-channel and when these do not hold a further bearish continuation will emerge below the lower boundary as it is marked in my chart. Although there is a higher possibility given that Polkadot reverses in the marked zone it is also possible that it shoots little above and creates the main bull-trap, in any case, the bearish perspective should not be underestimated here and we should be prepared on such upcoming volatilities to take the right actions when appropriate and do not get overwhelmed by circumstances when they happen. For now we should expect the breakout out of the local bull-flag and after that the further determinations as suggested, it will be an important development ahead.
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XRPUSD, Developments In Triangle, Upcoming Perspectives!Hello,
Welcome to this analysis about XRPUSD, we are looking at the 4-hour timeframe perspectives. XRPUSD in recent times is forming an important constellation as it managed to advance bullish broadly on the global perspectives it initially developed an overbought condition which should not be kept by side here. Mainly XRPUSD is a cryptocurrencies at the moment forming a different structure compared to other major cryptocurrencies like Bitcoin or Ethereum, therefore, when looking at my chart we can watch there how XRPUSD develops this main descending-wedge-formation with the coherent wave-count within and the waves A to C already completed. Now XRPUSD is about to form the further wave D in the schedule which will move directly into the distribution-range again marked in red in my chart from where the next distribution and therefore origin of the wave E will be highly likely.
Once the wave-E has emerged as it is shown in my chart the actual crucial developments will come when XRPUSD finally completes the wave-count with the wave E within the accumulation-range marked in green in my chart, XRPUSD then will either bounce substantially within this zone to continue with a dedicated bullish breakout above the upper-boundary of XRPUSD will increase with bearish price-action further to continue with a wave-E-extension below the lower boundary. In the current circumstance, it is necessary to await the further wave-developments and how XRPUSD continues with these in the structure, especially with what pace and momentum bearish or bullish price-action show up, this will determine the final direction and breakout of the whole formation, currently, there is a slightly higher possibility that XRPUSD continues with the bearish movement however this can change also when increasingly bullish signs enter.
In this manner, thank you for watching my analysis about XRPUSD and its main wedge-formation with the upcoming perspectives to consider, support the analysis with a like and follow or comment for more market insight!
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BITCOIN, Decisive DISTRIBUTION-FRACTAL Develops ONCE AGAIN!Hello,
Welcome to this analysis about Bitcoin, we are looking at the daily timeframe perspectives. As I discovered in my analysis Bitcoin in the last times is developing a decisive fractal that already completed before in a broader scale and as I detected there are exactly the same elements and determinations given that formed before now only in a other perspective, in any case, there is the possibility given for an increase in bearish pressure next times. We all have seen how fastly the market can switch once the final confirmation happened and how these bearish developments can accelerate once higher entities are pressuring Bitcoin such as China blocking Bitcoin miners or bigger companies ending with Bitcoin payments, such events can bundle a trend strength into the bullish or also into the bearish direction especially when combined with the underlying technical factors of which I detected are pivotal with the fractal Bitcoin develops.
Bitcoin Distribution-Fractal Elements And Phases:
A.) Wave-Count-To-Fractal-Completion And Decreasing-Momentum-Cycle:
As when looking at both fractals we can watch there Bitcoin in the first fractal completed this central wave-count-to-fractal-completion with the waves reaching from A to G in the structure till the wave-count finalized and marked the actual reversal with the final fractal-top at the end of wave G. The wave-count formed subsequent higher highs and higher lows till the final breakdown happened and combined with this wave-count there is the decreasing-volatility-cycle marked in red with the volume decreasing more and more the more higher highs formed. The very same movement is now seen with the next distribution-fractal with the waves already finished from A to F and the wave G remaining together with the low-volatility cycle.
B.) Confirmation Elements Reaching From 1.) To 3.):
Combined with the Wave-count-to-completion-cycle and the decreasing-momentum-cycle there are also the confirmation elements serving a pivotal aspect in this whole fractal development. In this case there are the three major confirmations reaching from 1.) to 3.) with first confirmation showing the breakout below the first trendline, the second confirmation showing the breakout below the second trendline together with the breakout below the 20-MA high volatility, and the third confirmation showing the highly increased volatility spike simultaneously with the breakout below the trendline and 20-MA. Bitcoin now in the next fractal already completed the first confirmation and once the cycle has finished the second confirmation is likely to approve.
Upcoming Fractal-Determinations And What We Should Consider:
Now as the next fractal Bitcoin is forming here is already within its final stages there is a high possibility given that the further fractal elements will form in the upcoming times, once the wave G is completed in the wave-count there remains the breakout below the second trendline and the 20-MA on high volatility and together with the increased-volume spike, when these things happen the fractal is technically completed and Bitcoin has increased likelihood to continue bearishly, the main target-zone and also support-zone, in this case, will be within the 35600 level marked in orange from where Bitcoin has potential to stabilize again. For now it is necessary to prepare on upcoming volatilities as there are also other technical factors and fundamentals that are playing into the initial bearish pullback-scenario, technically the main RSI and MACD bearish divergence and fundamentally the increased regulatory pressure that has the ability to decrease again however now is still omnipresent.
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!
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Ethereum, Ascending-Channel-Structure, Upcoming Determinations!Hello,
Welcome to this analysis about Ethereum and the local 45-minute timeframe perspective. Ethereum on the more global timeframe perspectives has still strong resistances in the structure and the likelihood to increase bearish pressure is high, this is necessary to elevate here however on the more local structure Ethereum has the ability similar to Bitcoin to show a local rally before reversing and increasing bearishness again. Therefore, as when looking at my chart we can watch there how Ethereum has formed this main ascending-channel-formation marked in blue, within this channel Ethereum has the coherent wave-count from A to C and the wave A already completed. Now with the wave C Ethereum is forming this potential bull-flag-formation also with the coherent wave-count within almost already completed, when this flag-formation completes with a breakout above the boundary this will be the setup for the major wave C to emerge and form the origin for bullish continuations as this will also be the activation of the upside targets, nevertheless when these targets are reached it will be crucial because there is still a strong resistance given likely for Ethereum to pullback and increase bearishness again overall the bearish perspective in the more broader global developments should not be underestimated, therefore we should be prepared that when Ethereum reaches the targets bearishness increases anew.
In this manner, thank you for watching my analysis about ETHEREUM and the main ascending-channel-structure with the pivotal wave-count within and upcoming determinations, support the analysis with a like and follow or comment for more market insight!
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BITCOIN, Local Bull-Flag, Initial Continuation-Determinations!Hello,
Welcome to this analysis about Bitcoin and its 45-minute local timeframe perspectives. As I discovered recently Bitcoin is forming an important constellation here with upcoming volatilities that should be considered in the schedule especially as Bitcoin completes this main formation in the structure. As when looking at my chart now we can watch there how Bitcoin established this main bull-flag-formation marked with the boundaries in blue. This bull-flag-formation is building the main wave B in the structure and is consisting itself of a wave-count reaching from A to C with these waves already completed. As Bitcoin now emerged with the breakout above the upper-boundary of the bull-flag this is marking the appropriate setup for further continuations to the upside and has activated the bull-flag-targt-zone, therefore it is likely that Bitcoin continues bullishly from here to reach the target-zone which is simultaneously a main remaining resistance, this is why it is more likely that when Bitcoin reaches this zone there comes a pullback as the resistance is still omnipresent, especially in this constellation it does not mean Bitcoin is completely bullish therefore it has to be elevated how Bitcoin remains after pulling back from the upper target and resistance zones, possible is a stabilization in the structure from where Bitcoin can build up further, however, a bearish continuation with increase bearish pressure to the downside should also not be kept from the desk, it will be an important development ahead.
In this manner, thank you for watching my analysis about BITCOIN and the main local bull-flag-structure with the upcoming bullish developments 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."
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Ethereum Classics, Head-Shoulder-Formation, Main Determinations!Hello,
Welcome to this analysis about Ethereum Classics, we are looking at the 4-hour timeframe perspectives. Ethereum Classics in recent times has established a very important structure that will be a determining source for upcoming volatilities especially when the formation has been completed however therefore it is necessary to rightly await the confirmations before considering further. As when looking at my chart now we can watch there how Ethereum Classics established this main head-shoulder-formation with the main parts of the formation already completed consisting of the left shoulder, the head and the right shoulder. As Ethereum Classics now recently formed the breakout below the neckline this was the technical completion of this whole formation and as Ethereum Classics now initially bounced back there is this confirmation formation forming marked in red in my chart which confirms the bearish breakout to the downside and is also the setup for the further continuations to the downside and also the development of the wave C. When this happens and Ethereum Classics continues with its developments it will move on further to test the lower support and dynamic target-zone from where stabilization can emerge as Ethereum Classics reaches the proper target and also support zone, from then Ethereum Classics needs to show how it develops further and if there comes a substantial stabilization for Ethereum Classics to properly back up.
In this manner, thank you for watching my analysis about ETHEREUM CLASSICS and its main head-and-shoulder-formation with the 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.
BTC, Diamond-Bottom Complete, Targets Reached, Next Destinies!Hello,
Welcome to this update-analysis about Bitcoin, we are looking at the 12-hour timeframe perspectives, the recent events, the established formational structure, and what has changed since the origin-analysis about this subject in relation to the main diamond-bottom-formation I mentioned in the origin-analysis that has greatly completed and was the origin of astonishing upside-volatilities. Not only the diamond-bottom-formation gave the indication for these developments but also other technical factors I explicated, this shows how technical analysis can function very good when applied rightly within the markets, pre-condition must be always to approach the market with an unattached eye to come up with the right determinations rather than just mere over speculation into a one-sighted direction which is seen to often these times, therefore I detected all the important levels and upcoming developments relevant for Bitcoins established structure.
Diamond-Bottom Completion And Structural Developments:
As when looking at my chart now we can watch there that Bitcoin extended the second half of the diamond-bottom-formation till it finally completed the wave-count within to after this show up with the decisive breakout above the upper-boundary of the formation marked in my chart with the blue circle, once this breakout emerged Bitcoin set up for further continuations to the upside and moved on to continue with the established bullishness. Although Bitcoin several times pulled back in the structure to test the 30-EMA in red Bitcoin consistently continued and finally reached the diamond-bottom-formation target-zone recently within the 50050 level from where an initial pullback has shown up that should not be kept by side here, mainly Bitcoin has still a strong resistance within this levels and it is more likely that when Bitcoin moves into it a next pullback will show up.
Upcoming Determinations:
Taking all these factors into consideration now it has to be marked that Bitcoin moved into an initial overbought condition on the local structure and approached the upper-resistance which are still serving as such, therefore an incoming pullback development has an increased likelihood for Bitcoin here. These pullbacks will move on and continue especially once Bitcoin pulled back below the 30-EMA, when this happens it will be the setup for further continuations to the downside and establishment of the main wave C within the major wave-count to approach firstly the diamond-bottom-top which is now great support where Bitcoin has the ability to bounce and stabilize above. Otherwise, when this does not happen the next considerable support is within the 38735 level where Bitcoin has the opportunity to rightly stabilize, it will be an interesting development ahead.
In this manner, thank you for watching my analysis about BITCOIN and its completion of the diamond-bottom with the target-zones reached and the upcoming determinations, support the analysis with a like and follow or comment for more market insight!
"Eternal patience is the marching route to tremendous prosperity."
Information provided is only educational and should not be used to take action in the market.
Monero, Bearish Wave-Count To Approach Pivotal Zones!Hello,
Welcome to this analysis about Monero, we are looking at the 4-hour timeframe perspectives. Monero in recent times initiated a bearish reversal after pulling back of the 335 resistance bearishly. The pullback reaction seen here was somewhat stronger than the one seen in other cryptocurrencies especially the highest market-cap ones like Bitcoin or Ethereum as well as other altcoins, this shows how the divergence between the currencies is increasing and therefore Monero has an increased bearish edge at the moment compared to the other currencies omnipresent in the market. As when looking at my chart now we can watch there how Monero pulled to the downside bearishly to test the 292 Usd Level and it is possible that here comes a little bounce to the upside however as Monero has this strong local resistance within the structure marked in my chart in red there is a high likelihood given that Monero pulls back bearishly from this resistance to continue its wave-count to the downside and emerge with the wave C in the structure as shown in my chart, this wave C will continue till appropriate support has been reached which is given within the considerable back-up-structure marked in blue where a bounce and back-up can show up, in this case, it will be crucial on how strong this bounce will be and if Monero manages to stabilize further above the structure to move on higher because when this does not happen and Monero increases bearishness to move below this zone it will lead to a bearish continuation within the bearish-continuation-zone and Monero will emerge with the wave-C-extension. For now we should expect the bearish developments to spread further and keep prepared for these possibilities.
In this manner, thank you for watching my analysis about Monero and its main structure with incoming bearish pullbacks and its determinations to expect, support the analysis with a like and follow or comment for more market insight!
"Astonishment is the basis of reverence."
Information provided is only educational and should not be used to take action in the market.
BITCOIN, About To Complete Decisive Ascending-Wedge Bearishly!Hello,
Welcome to this analysis about Bitcoin, we are looking at the 4-hour timeframe perspectives. Bitcoins initial local trend to the upside in the recent times begins to slow down with decreasing momentum in the structure especially as Bitcoin also tested the main resistance levels in the structure these pullbacks should not be kept by side. Now as I discovered here Bitcoin is forming a decisive formation on the 4-hour timeframe perspective, this is a ascending-wedge-formation marked in my chart with the black boundaries, within this formation Bitcoin has the coherent wave-count reaching from A to E that is almost already completed and as Bitcoin moved into the heavy 50.000 USD resistance which is a psychological resistance and also besides that horizontal resistance I already mentioned before a main pullback established from this zone with Bitcoin moving on to test a third time the 100-EMA marked in my chart in blue, this EMA is a important reference-element holding the whole bullishness to the upside and when it is broken a bearish continuation gets an increased likelihood, this goes simultaneous with the ascending-wedge-formation completion which will happen when Bitcoin breaks out below the lower boundary as seen in my chart, such a price-action will activate the continuations to the downside and the initial target at 42400 marked in my chart in blue will be pointed, when this zone does not hold the next substantial support is at the 39000 level, these two levels are highly necessary to maintain properly and Bitcoin needs to bounce within there to back-up and stabilize with a appropriate bullishness, for now Bitcoin needs to show how it continues, in any case the bearish perspective should not be kept by side here.
In this manner, thank you for watching my analysis about BITCOIN and the major ascending-wedge-formation with its upcoming determinations, 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.
LINKUSD, Main Head-Shoulder-Formation About To Complete!Hello,
Welcome to this analysis about LINKUSD, we are looking at the 4-hour timeframe perspectives. LINKUSD in recent times is about to complete a very important formation that will be a determining factor in the upcoming times and can be the source of decisive volatility. Therefore, when looking at my chart we can watch there how LINKUSD is now forming this main head-shoulder-formation with the left shoulder and the head already completed, now LINKUSD is about to form the right shoulder in the structure and complete it with an additional bounce into the resistance as it is seen in my chart. Once LINKUSD has moved into the local-resistance marked in red there is a pullback highly likely incoming. When the pullback has emerged and LINKUSD finally moved below the neckline of the head-shoulder-formation this will mark the completion of the whole formation and additionally continuations to the downside as well as activation of the target-zone marked in my chart in blue within the 61.8% Fibonnaci-retracement level, once LINKUSD has reached this level LINKUSD needs to show if it can properly bounce within this zone and when this happens a stabilization can take place above this zone otherwise it can be just a setup for further bearish continuations to the downside.
In this manner, thank you for watching my analysis about LINKUSD and the main head-shoulder-formation developing with the incoming perspectives of completion and continuation, 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.
XRPUSD, Completes Determining H-S-Formation, Objections Ahead!Hello,
Welcome to this analysis about XRPUSD, we are looking at the 4-hour timeframe perspectives. As I discovered recently in my analysis XRPUSD has completed a decisive formation in the schedule which is now confirming and lying ground for the next developments ahead of the upcoming times. As when looking at my chart now we can watch there how XRPUSD completed this massive head-shoulder-formation with the elements of the formation already completed and with XRPUSD recently bouncing below the neckline marked in blue. What is also pivotal here is that XRPUSD pulled back below the 60-EMA marked in green in my chart which held the bullish trend previously to the upside, the fact that XRPUSD is now below this EMA and also below the neckline defines these two levels as main resistances. Now with this pullback came in XRPUSD moved on to test the 100-EMA in the structure marked in red and XRPUSD is now forming this bearish formation between the 60- and 100-EMA which is likely to convert into a bear-flag as this is a typical confirmation-formation occurring after such a head-shoulder breakout emerged. Now as these developments happened XRPUSD confirmed the further continuations to the downside and activated the target-zone within the 0.955 Usd level marked in my chart in blue, once this level has been reached it has to be elevated if XRPUSD manages to bounce in this zone or just sets up for a bearish continuation which will happen when XRPUSD closes below the support, for now, we should not keep the bearish perspective out of sight here to properly prepare on incoming volatilities.
In this manner, thank you for watching my analysis about BITCOIN and its main bearish-divergence structure with the upcoming determinations to consider, support the analysis with a like and follow or comment for more market insight!
"Astonishment is the basis of reverence."
Information provided is only educational and should not be used to take action in the market.