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Vinceprince

USDCHF, Bull-Flag-Formation Breakout Incoming, Objections Ahead!Hello, Welcome to this analysis about USDCHF, we are looking at the 4-hour timeframe perspectives. USDCHF in recent times as I discovered has shown up with some very interesting structures from where it can build up and increase the already available volatility. As USDCHF has shown up with these volatile initial developments these are some good signs for further continuations and in this case, I discovered the underlying formations that are building the base on which USDCHF can build upon and form the breakout with incoming target projections. As when looking at my chart we can watch there how USDCHF has this massive ascending-channel-formation marked in black in which the upper and lower boundary serving as strong support and resistance levels where USDCHF already bounced and formed the major wave A and B in the structure. Besides that USDCHF has this descending-channel-formation marked with the blue boundaries which have the appropriate highly possible ability to convert into a bull-flag that activates upside bull-flag-targets. Both channels together are forming this internal breakout-origin-cluster-formation marked in my chart in orange. USDCHF bounced within exactly the point where these two crossed which is a good sign. Taking all these factors into the consideration now USDCHF has established a solid structure on which it can build up on and show up with determining volatility. Therefore it is necessary that USDCHF increases bullishness to finally breakout above the upper-boundary of the channel, such a breakout above the boundary will complete the channel as a bull-flag and will automatically activate the upside-targets within the 0.94 level marked in my chart in blue. For now, it is necessary to keep patient and await the determined breakout. The whole structure can be traded either aggressively with immediate entry or conservative with entry after the confirmation, although both entries are possible the conservative one is better because it shows up with the final confirmed setup, traders need to decide according to one's own risk preferences. In this manner, thank you for watching my analysis about USDCHF, great when you support it with a like and follow or comment for more market insight! "Good luck is when opportunity meets preparation" Information provided is only educational and should not be used to take action in the markets.
by VincePrince
3
EURUSD, MASSIVE Head-Shoulder-Formation, Determining Zones!Hello, Welcome to this analysis about EURUSD, we are looking at the daily timeframe perspectives. In my recent analysis, I discovered serious signs EURUSD is forming that will be important in the near future, especially the formation EURUSD is developing here will be a main factor in the upcoming times. As when looking at my chart now we can watch there how EURUSD has developed this massive paramount head-and-shoulder-formation with the left shoulder and the head already completed. Now EURUSD is moving on to form the right shoulder in the structure and has meaningful resistances within the 35-EMA in red and the 15-EMA in black from where a pullback is highly likely when EURUSD moves into it. This is why the formation has a high possibility to complete in the near future especially when EURUSD pulls back from the EMAs, when this happens and EURUSD closes below the neckline it will complete the whole formation bearishly to the downside and activate downside targets within the 1.128 level marked in my chart in blue. For now, we should not keep this bearish perspective out of sight and it is necessary and the best option to rightly prepare on it to do not get overwhelmed by bearish volatility when it finally increases. In this manner, thank you for watching my analysis about EURUSD and the massive head-and-shoulder-formation forming likely to complete in the near future, great when you support it with a like and follow or comment, 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.
by VincePrince
9
BITCOIN, Current Similarities To The Corona-Crash-Developments!Hello, Welcome to this analysis about Bitcoin, we are looking at the 4-day timeframe perspective. Since Bitcoin showed up with the heavy bearish breakdowns to the downside it is in a precarious situation however as there already developed important signs of an accumulation and ongoing reversal I discovered meaningful signs that have a very high similarity with the abnormal corona-crash-conditions and the developed recovery. As the market substantially recovered after the corona breakdowns and established lows there are high similarities to the current situation as I detected with highly related developments also from the momentum oscillator perspective, therefore I am looking at the main zones and upcoming developments we need to consider. As when looking at my chart it is important here to look at on how the market developed during the corona-crash-breakdowns especially with the EMA-structure and the similarities to the current situation in which Bitcoin began to form alike establishments as it was already seen before. When looking at the EMA structure what is paramount here is the 20-EMA in black which actually marked the bearish breakdown beginning within the first breakdown and rebound phase in September 2019 with the 20-EMA crossing all faster-moving EMAs down till the last one as the 55-EMA marked in dark red, this was a false breakout because after that the market recovered with the 20-EMA crossing up above again. After this first breakdown and rebound phase, the market normally should have been recovered and developed further bullishly above the EMAs however what followed was the next breakdown and rebound phase caused due to the corona-crash which was the source of this second abnormal breakdown and rebound phase. After this corona crash, the market recovered again and the 20-EMA crossed up again. Further important here is the main ascending-trend-line marked in my chart in blue which has its origins within the corona-breakdown-bottom in March 2020 which Bitcoin is still holding and recently bounced again. Considering now also the Momentum Oscillator which I found shows some meaningful developments in the structure, in this case, the 0 value line marked in black is important because when momentum crosses below or above this line the market is likely to continue into the crossed direction. Also, a major indication is extreme points such as tops and bottoms which are moving below the previously established reference-conditions. It was already seen in the breakdown and rebound phases below that Momentum crossed the 0 line to the downside made a new significant low and after that rebounded to cross above the zero lines simultaneously with the price-action, a similar thing is happening at the moment as the Momentum formed an extreme low below the previous all-time-low and after that rebounded which is indicating the potential momentum and price-action low. Collecting this information it will be decisive for Bitcoin on how it develops in the near future, therefore, when Bitcoin manages to bounce in the current structure and move on to test the 55-EMA in red this can be the origin and indication for the actual reversal as Bitcoin did the same in the previous breakdown and rebound phases as it first tested the 55-EMA from the downside and then managed to move above it. Together with the ascending-trend-line this can be a realistic approach in the upcoming times. Also from the local structure, this bounce should come sooner or later, what happens after it then will show if the phase can form anew like previously seen. In this manner, thank you for watching my analysis about BITCOIN and the important similarities in the EMA structure to previous bearish breakdowns and how this can affect upcoming Bitcoin price-action-development, great when you support it with a like and follow or comment, 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.
BYBIT:BTCUSD.P
by VincePrince
15
BTC Time For Some Cold Water In The Face, Fibonacci Approves!Hello, Welcome to this analysis about Bitcoin and the 4-hour timeframe perspectives. In recent times Bitcoin decreased with volatility and volume in its structure which is a primary occasion is an indication for increasing volatility again as this is the main market-cycle-behavior. Bitcoin has built a solid base above the 30.000 USD level above which it is now building up and it is not likely that bearishness pushed below this zone again. On the fundamental side there are institutional accumulating in this current situation and besides further larger financial companies such as the Bank Of America which is the second biggest bank in America is lying eyes on Bitcoin and enables Bitcoin Futures Trading which is likely to drive increased volume into the market. Besides that El Salvador announced it wants to emerge with its own Stablecoin which would be the first country emerging with a stablecoin, as El Salvador already made Bitcoin legal tender this can boost additional demand in the market. Now from a technical perspective Bitcoin still needs the appropriate metaphorical cold water in the face for volume to increase again and in this case I discovered the underlying Fibonacci-count which can enable this firstly on the short-to-middle-term-perspective. As when looking at my chart we can watch there how Bitcoin is moving forward in this main ascending-channel-formation marked with the dashed lines in grey. The lower boundary where Bitcoin recently traded into is the main support in this structure and it is likely that Bitcoin increases with demand in this area as the lower boundary served as strong support already before with the bounces from the 30000 USD level. This determination is underlined by the major wave-count Bitcoin is forming with the waves A and B almost already completed, in fact Bitcoin is about to complete wave B with the local waves now. What follows up after wave A and B are completed with the certain ABC-wave-counts is the wave C developing with a 12345-impulse wave-count to the upside that is now awaiting with Bitcoin and the development of this wave-count will fully emerge with Bitcoin above the descending-trend-line in my chart. Now once this impulse wave-count and wave C has been completed a crucial development will come as Bitcoin will approach the upper remaining-resistance-cluster where several supports coming together likely to show up with a pullback from there. This does not mean Bitcoin is completely bearish as after this pullback there is the possibility given that Bitcoin stabilizes in the structure and builds up on this as it was seen also previously above this level, how and when this emerges will be seen once Bitcoin completed the Fibonacci-wave-count-formation. In this manner, thank you for watching my analysis about BITCOIN and the main Fibonacci-wave-count-structure with the upcoming developments to expect, great when you support it with a like and follow or comment, 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.
BYBIT:BTCUSD.P
by VincePrince
48
VISA, Ascending-Channel-Formation, Continuations Ahead!Hello, Welcome to this analysis about the stock VISA and the 4-hour timeframe perspectives. Although with many ups and downs in a volatile range the stock kept building up the bullish trend and is now still in an all-time-high region. In this structure now I detected some interesting developments the stock is forming that are worthwhile in the upcoming determinations. Especially as the stock already recently has shown up with some initial bullishness to the upside this can continue and lead to further developments in this main formation. For now, there are still bullish continuations possible however the bearish perspectives should not be kept by side especially when considering the upcoming distribution. As when looking at my chart now we can watch there how the stock established this major ascending-channel-formation in the structure with the coherent wave-count in the channel. Furthermore, the stock has the main ranges in the upper and lower sections of the channel with the accumulational range marked in green in the lower boundary region and the distributional range in the upper boundary region. Besides that the stock has the coherent wave-count in the formation and the waves A to D already completed. At the moment the stock is continuing with the wave-count and the development of the wave E in the structure as the stock already increased with volatility recently this is the appropriate condition for the wave E to move on. Mainly it will be important on how the stock continues with the wave E in this structure and how it will approach the upper sections of the main ascending-channel-formation, especially the distributional range marked in red will be crucial as the next distribution in this range will likely emerge once the stock moves into it. What comes after that will be the decisive factor for the upcoming movements because either the stock manages to stabilize in the channel structure again or increases with bearishness that much that a test of the lower boundary will follow firstly. Although central banks working on implementing the central bank digital currencies and cryptocurrency keeps expanding classical payment providers are still there nevertheless it is likely that there will come determining disruptions and changes in this field also when central bank digital currencies emerge, will be an important and interesting development ahead. In this manner, thank you for watching my analysis about VISA and the major ascending-channel-formation with the ongoing wave-count within and the upcoming determinations, great when you support it with a like and follow or comment, all the best! "Trading effectively is about assessing possibilities, not certainties." Information provided is only educational and should not be used to take action in the markets.
NYSE:V
by VincePrince
9
Ethereum, Major Descending-Wedge, These Levels Crucial!Hello, Welcome to this analysis about Ethereum, we are looking at the 12-hour timeframe perspectives. Ethereum in recent times is developing a formation as I discovered that will be the determining source in the upcoming times. In this case, there are some important zones that need to be considered to complete this formation and show up with further dynamics ahead in the schedule. For now, we should keep patience and do not rush into set conclusions as it is like in most occasions necessary and pivotal to elevate on the right final confirmations before moving into the appropriate direction. Therefore I detected all the important levels and likely determinations we should consider with Ethereum in the established structure and upcoming movements. With considering Ethereum now on the 12-hour timeframe perspective when looking at my chart we can watch there that Ethereum since showing up with the heavy bearish declines has developed this main descending-wedge-formation with the boundaries in black and the coherent wave-count within the wedge. Ethereum already finished the waves reaching from A to D in the wave-count and is now forming the wave E that will finalize the whole wave-count, in this wave E Ethereum already completed the local wave A and is now setting up to form the wave B in the structure that will approach directly into this dynamic resistance-cluster which consists of levels like the upper-boundary of the wedge, the 35-MA in red and the 100-MA in green building this resistance-zone with a high possibility pullback when Ethereum moves into. The next time we can expect Ethereum to continue with the local wave-count and therefore with the wave B in the structure to approach the dynamic resistance-cluster and when this happens the local wave C will likely have its source within this zone. When this happens and the local wave C emerges price-action will continue with the local wave C that moves on to finalize the global wave E and therefore the whole wave-count. The crucial developments will come with Ethereum completing the wave-count and testing the lower dynamic back-up-cluster marked in blue from where a bounce needs to establish for Ethereum increasing the possibility to complete the wedge-formation bullishly to the upside which will happen when Ethereum finally closes above the upper-boundary of the wedge activating continuations and the wedge-targets. In this manner, thank you for watching my analysis about Ethereum and the major descending-wedge-formation with the important determinations we should consider, great when you support it with a like and follow or comment, 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.
COINBASE:ETHUSD
by VincePrince
12
Bitcoin, At A Decisive Intersection, Determining Scenarios!Hello, Welcome to this analysis about Bitcoin and the weekly timeframe perspective. In this analysis, I am going to look at the important Ichimoku-cloud structure and the connection to other technical factors that are pivotal when considering the current situation. The Ichimoku cloud was developed by a journalist in 1969 and since this date served as a fundamental indicator to spot the trend-stage either it is bullish, flat or bearish, and also determine potential signals within the market. It is necessary to embed this structure in a broader picture to wage the possibilities rightly and come up with the most possible scenarios to consider, this means to also prepare on upcoming changes in direction as possibilities can alter as well. At the beginning of the declining market and during the downward movements we have seen increasing news negatively against Bitcoin and Cryptocurrency as governments blocking and restricting Bitcoin and Cryptocurrency mining that firstly pushed the price downward and taking some enthusiasm out of the market, especially hash rate and mining competition decreased, however, it is likely that this mining activity is taken up again in other supportive places, such occupation were already seen. On the other side, there are countries that welcome innovation and structural financial change such as El Salvador making Bitcoin legal tender, besides this country, there are also others considering a launch of Bitcoin as legal tender or something similar. While governments all over the world working on their central-bank-digital-currency projects and testing blockchain-based infrastructure to run the next digital euro or dollar it needs to be realized that Bitcoin and Blockchain technology can not be that bad when governments take advantage of it. All these factors representing the indecisive phase the market currently stays for quite a while however this will change as it was always seen in historical price-action, therefore I detected the important technical factors and possibilities in which direction this increase of volatility will likely lead. When considering the current technical situation we can see when looking at my chart that the weekly trend remains bullish, this is determined by the fact that Bitcoin still is above the Ichimoku-cloud in green. The Ichimoku-cloud is green because the faster moving leading span A (green line) crossed above the leading span B (red line), therefore the definition of Bitcoins trend is still an upside-trend, this can only change when Bitcoin moves below the Ichimoku-cloud as well as the leading span A crossing below the leading span B. Furthermore, it is shown in my chart that Bitcoin since crossing below this first ascending-trend-line after which the market increased with heavy bearishness Bitcoin moved on to the next ascending-trend-line which established by previous price-actions and has a similar weight as the first ascending-trend-line where the price bounced several times, in fact, Bitcoin already bounced recently within this second ascending-trend-line. Besides that Bitcoin also has the 50-MA marked in blue in my chart matching together with the second ascending-trend-line and building an important support cluster in this structure that can convert into a primary inflection-point. Besides that, it has to be marked that Bitcoins momentum is decreasing for a while which on most occasions indicates a reversal in the structure. All these factors underline the possibility for Bitcoin minimum showing up with a bounce from here that moves on to test remaining resistances, which are defined by the ascending-resistance-line marked in dashed grey in my chart, what happens after that will be shown when the time is ripe. In this manner, thank you for watching my analysis about Bitcoins trend-development according to the Ichimoku-cloud and what are important factors in this structure, great when you support it with a like and follow or comment, 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.
BITSTAMP:BTCUSD
by VincePrince
18
GBPUSD, Determining Ascending-Channel-Breakout Incoming!Hello, Welcome to this analysis about GBPUSD, we are looking at the 4-hour timeframe perspectives. As already mentioned in previous analysis GBPUSD already developed this main descending-triangle-formation which also already completed with a sufficient breakout to the upside and activated upside targets, besides that now I discovered a further formational structure that can lead to great developments and approaching of the target-zone ahead of next times. As when looking at my chart now we can watch there how GBPUSD has established this ascending-channel-formation in the structure with the coherent wave-count within and the waves A to D almost already completed, now GBPUSD is about to form the wave E in the structure which can lead to an extension when GBPUSD shows up with the right price-action and increases demand. This will happen when GBPUSD manages to breakout above the upper-boundary of the ascending-channel as is marked in my chart, such a breakout will be the origin for further continuations to the upside and will activate the upside-targets marked in my chart in blue within the 1.408 level, once these targets are reached the situation needs to be elevated anew. In this manner, thank you for watching my analysis, great when you support it with a like and follow or comment, 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.
by VincePrince
23
XRPUSD, Descending-Triangle-Formation, Important Determinations!Hello, Welcome to this analysis about XRPUSD, we are looking at the 4-hour timeframe perspectives. As I discovered XRPUSD in the recent times is forming some interesting structures from where it can build up on an increase with volatility in the schedule to reach certain target-zones. As when looking at my chart now we can watch there how XRPUSD is firstly within this major ascending-channel-formation marked with the dashed upper and lower boundary. Within this ascending-channel now XRPUSD has emerged to develop this descending-triangle-formation with the coherent wave-count in the formation and the waves A to C already completed. Now as XRPUSD moved into both the lower boundary of the ascending-channel as well as the lower-boundary of the descending-triangle and also already bounced within this zone the bullishness is likely to increase from here. When XRPUSD manages to breakout above the upper-boundary of the descending-triangle it will be the appropriate setup for the continuations to the upside and XRPUSD will activate the initial descending-triangle-target marked in my chart in blue. When this target is reached the situation needs to be elevated anew and if XRPUSD continues, when this happens the main target will be the wave-C-determination within the upper-boundary. It will be an interesting development ahead. In this manner, thank you for watching my analysis, great when you support it with a like and follow or comment, all the best! "Good luck is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
BYBIT:XRPUSD.P
by VincePrince
29
Bitcoin, Descending-Channel-Breakout To Emerge, Important Zones!Hello, Welcome to this analysis about Bitcoin, we are looking at the 45-minute timeframe perspectives. Not only on the global timeframe perspectives but also on the local timeframe perspectives Bitcoin is showing up with some interesting signs as I recently detected. With Bitcoin forming the local as well as the global diamond-bottom-formation there is also this important formation now I discovered on the 45-minute timeframe perspectives. This formation especially when it completes in the near future can show up with determining price-actions and activate the dynamic upside-target-zone very. Therefore I detected all the meaningful levels and likely determinations we should consider within the upcoming times. Structural Developments: As when looking at my chart now we can watch there how Bitcoin recently bounced within this descending-trend-line marked in dashed grey which is important support here that Bitcoin now realized and moved on to test the 45-MA in the structure marked in my chart in blue. Besides that Bitcoin has also established this main descending-channel-formation marked in my chart in orange, within this channel Bitcoin has the coherent wave-count with the waves A to C already completed and now moved on to test the upper boundary of the formation together with the 45-MA. The volatility and volume recently shown up here are some good initial incentives and indicate a higher possibility to continue with bullishness. Upcoming Determinations: Bitcoin has developed a structure in which it has some solid potentials to determine further bullishness. Therefore it is necessary that Bitcoin shows up with a breakout above the upper-boundary of the descending-channel-formation like it is marked in my chart. Such a breakout will activate the upside-targets marked in my chart in blue within the dynamic channel-breakout-target-zone. For now it will be important to elevate on how the breakout out of the channel emerges which will be the appropriate origin for the targets to be pointed and reached. Once the targets are reached the situation needs to be elevated anew and if Bitcoin manages to continue or firstly reverses in the structure. In this manner, thank you for watching my analysis, great when you support it with a like and follow or comment, all the best! "Trading effectively is about assessing possibilities, not certainties." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
10
BITCOIN Is Building A Local Diamond-Bottom In The Global One!Hello, as already mentioned in previous analysis Bitcoin is building a main global decisive diamond-bottom-formation with the first half of the formation already completed and now Bitcoin is about to develop the second half. If you did not see this analysis already I highly recommend it to watch to have a full-depth-overview because this analysis is building a coherent follow-up to the wave B development and the local perspectives Bitcoin is forming in this determining diamond-bottom-formation. Therefore I detected all the important levels, formational structures and upcoming determinations we should consider with Bitcoins local diamond-bottom-formation likely to be the origin of the global wave B. As when looking at my chart now we can watch there the local diamond-bottom-formation marked in orange. This formation developed below the 100-EMA in the structure and severely moved on to test the EMA. Furthermore the global as well as the local diamond-bottom-formations forming the main ascending-support-line within the left lower boundary of the formations where Bitcoin bounced several times to move on with the local diamond-bottom-formation wave-count. As for now Bitcoin already finished the left first half of the formation and is now about to complete the right second half and is now testing the inflection-point of both formations at 32500 which is a good origin for a bounce to finalize the local formation. When Bitcoin manages to substantially bounce within this decisive inflection-point marked in my chart in blue this has a great potential to move on with further bullishness and bounce above the right upper-boundary of the local diamond-bottom-formation, such a price-action will complete the local diamond-bottom-formation bullishly to the upside and will move on with the further continuations. As already mentioned the wave B has the potentials to travel to the 37735-39735 level which is marked in my chart in red, once this level is reached Bitcoin will continue further with the wave count and development of wave C in the structure to finalize the whole diamond-bottom-structure. For now, it is necessary to keep patient and do not rush into trades that do not satisfy. Especially in such times where shorts continuously increasing it is better to look at how the market develops and more importantly to wait for the right confirmations, history has always shown in Bitcoin as well as other asset classes that after such a phase comes a phase with increased volatility. From a trading perspective, it is better to keep patient on the right confirmations or to take advantage of potential lower price swings in the local structures which is not the best way for everybody. Therefore it will be shown how Bitcoin develops here especially once a breakout of the local diamond-bottom-formation can emerge it will be an important journey. In this manner, thank you for watching my analysis, great when you support it with a like and follow or comment, all the best! Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
36
DXY, Formed Ascending-Wedge-Formation, Important Considerations!Hello, Welcome to this analysis about the US-Dollar Currency Index, we are looking at the 4-hour timeframe perspectives. As I recently discovered the index is forming a very important formation that will determine further conclusions. As when looking at my chart now we can watch there how the Index has emerged with this major ascending-wedge-formation and also already completed the coherent wave-count within with the 20-MA in red as resistance. When the index from this point right away increases with bearish price-action this will lead to a breakout to the downside and therefore completion of this formation to the downside which on most occasions is a bearish formation. Once the index moved below the lower boundary and closed there as it is marked in my chart it will complete this whole formation and activate the lower target zone marked in my chart in blue from where the situation needs to be elevated anew. In this manner, thank you for watching my analysis, have a good day, will be great when you support it with a like and follow or comment, 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
14
BITCOIN, Setting Up For Determined Breakout With Increased Vola!Hello, Welcome to this analysis about Bitcoin, we are looking at the 4-hour timeframe perspectives. In the recent days and weeks, Bitcoin moved into a more protracted consolidational and accumulational range on lower timeframe perspectives as the 4-day timeframe. It was always shown in historical price-data that after such a movement of decreasing volatility and decreasing volume a breakout either to the up or downside occurred with the accelerating volatility, spread and volume, it is important to consider that this is also likely to happen with Bitcoin here as the price-action can not go on forever in such a low volatility range. In this case now I discovered important signs that indicate an upside-breakout incoming within the next time. Channel, Moving Average And Volatility Range Structure: When looking at my chart now we can watch there how Bitcoin formed two important channels here, the first is this massive global ascending-channel-formation and the second is this faster moving ascending-channel which resulted out of the breakout above the upper-boundary of the massive ascending-channel. These two channels building exactly one intersection which also the 90-EMA marked in blue crossed and Bitcoin bounced exactly in this intersection of the ascending-channels and the 90-EMA, within this bounce Bitcoin showed up with this initial high volatility move to test the main resistance at 36600. This is a very considerable structure for an initial bottom here as the bounce from the intersection level determines strong support in this zone. Oscillator Development With The Historical Low Momentum And Stochastic RSI: With considering the indicators such as the stochastic RSI it is also good to look at the weekly timeframe perspective as there it is marked that the momentum recently reached an all-time-low and is consolidating in this range, the interesting thing is that the momentum on the lower timeframe 4-days perspective already increased and appoints the 0 levels giving an indication that this can also follow on the weekly timeframe. Besides that the stochastic RSI is now consolidating since a longer time below the 20 value on the weekly timeframe perspective whereas the 4-day stochastic RSI already moved on and increased. These developments on the oscillator side also support the scenario of a upside-range-breakout coming up in the future. Upcoming Perspectives And What Can Be Expected: When approaching the market out of a technical analysis perspective it is always necessary to properly wage the possibilities and different technical factors to come up with scenarios that are possible and others that are less possible. In this case there is a higher possibility given for Bitcoin to emerge with a bullish breakout and testing of previous resistance firstly than a complete bearish continuation to the downside because the supports above which Bitcoin is still holding are just to omnipresent together with the other technical factors such as the tightening MAs which happens above the given supports indicate the upside-breakout to take place more likely compared to the bearish one. In this manner, thank you for watching my analysis, have a good day, will be great when you support it with a like and follow or comment, 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.
BITSTAMP:BTCUSD
by VincePrince
36
Ethereum, Forms Dedicated Double-Bottom, How It Completes!Hello, Welcome to this analysis about Ethereum, we are looking at the 45-minute timeframe perspectives. From the local timeframe perspective, I detected a very compelling engrossing, and interesting formation that is forming and can be the indication for a dedicated upside continuation to reach worthwhile targets in the structure. In this case, the best is to wait on the appropriate confirmations before moving into this direction rather than overspeculating the market into a one-sighted direction as it is often seen these times. Therefore, I detected all the important levels, formational structures, and likely determinations we should consider with Ethereum in this established price-action-development. Structural Establishments: As when looking at my chart we can watch there how Ethereum has severely bounced in this ascending-support-line marked in black in my chart, this is a very important support line here because it is holding the trend to the upside and besides that Ethereum has also coherent support in this structure at the 2080 level. Furthermore, the bounces from the trendline can be divided into a first bottom and a second bottom together this is an initial double-bottom and the price-action is now moving on to test the 65-EMA in green and the 100-EMA in red which is certainly a good sign as to when the price-action moves above this will lead to further initial continuations. Upcoming Determinations: Taking all these factors into the consideration now Ethereum has the ability to complete this double-bottom bullishly to the upside and especially when this does a double-bottom can be a solid indication for continuations, activation of targets, and reaching the targets finally. The double-bottom in this case with Ethereum completes firstly when Ethereum holds sustainably above the 100-EMA and after that manages to increase further finally marking above the 2190 level where the neckline stays marked in my chart in blue. Once Ethereum closes above this neckline the upside-targets at 2320 are activated and Ethereum will move on to appoint these targets in the schedule, it will be an interesting development. In this manner, thank you for watching my analysis about ETHEREUM and its initial double-bottom that has a high possibility to complete and activate targets in the next times, will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best! "Good luck is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
BYBIT:ETHUSD.P
by VincePrince
9
BTC, Correction Protraction Descending-Wedge, How It Completes!Hello, Welcome to this analysis about Bitcoin, we are looking at the 4-hour timeframe perspectives. As already mentioned in previous analysis Bitcoin is within a correctional movement which now protracted as the market moved anew a little bit to the downside and rebounded again like it was seen previously. In this case, now I discovered an important formational structure with the technical pattern forming that is likely to be the decisive factor in the near upcoming times. Especially when this formation completes it can lead to great volatility and activate targets in the schedule that have a high possibility to be reached after the completion and confirmation of the main formation, therefore I detected all the important levels and likely destinies. Structural Developments: As when looking at my chart now we can watch there how Bitcoin moved on with the correction protraction in the structure, this means that price-action continues to validate the given supports to find the appropriate trend, even when Bitcoin moved something below previous supports the bullish upcoming perspectives still have a higher possibility to emerge compared to the complete bearish breakdown. In this case, now Bitcoin is forming this major descending-wedge-formation with the coherent wave-count within already completed and now Bitcoin is setting up to finalize this whole formation. Also, a solid sign here is that Bitcoin holds above the 15-EMA in red and consolidates in this range between the 65-EMA indicating a determined breakout out of it. Upcoming Determinations: Taking all these factors into the consideration now Bitcoin has formed a substantial structure upon which can build finally completing this main formation in the schedule which will happen when Bitcoin marks above the upper-boundary and holds this level as it is shown in my chart. Such a price-action will activate the upside-targets at the 37000 USD level which are highlighted in my chart in blue. The next time it will be important on how Bitcoin completes this decisive formation and how it can emerge with the determined continuations after this is done. When the targets are reached the situation needs to be elevated anew and if Bitcoin manages to continue bullishly right away or firstly sets up for a reversal which will also not be unlikely in this case. In this manner, thank you for watching my analysis about BITCOIN and its correction protraction with the descending-wedge-formation developing in the structure, will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best! "Good luck 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
21
Bitcoin, Invers Head-And-Shoulder, Important Determinations!Hello, Welcome to this analysis about Bitcoin, we are looking at the 45-minute timeframe perspectives, the recent events, the established formational structure, and what we can expect in the upcoming times. Bitcoin as already mentioned in the previous analysis has a higher bullish alignment with the potentials to increase this in the near future. Besides the descending-wedge-formation and other technical factors I showed up in the previous analysis I detected an important formation on the local 45-minute timeframe perspectives which has the ability to emerge with great bullishness especially when it rightly completes in the schedule, therefore I elaborate the main scenarios and upcoming determinations. Structural Developments: As when looking at my chart now we can watch there how Bitcoin is rightly holding its established structure and recently also bounced within the 30.000 USD level which is a good reference factor for the substantial strength bulls building up here. Furthermore, Bitcoin has this ascending-trend-line marked in dashed grey where it several times bounced. Taking this further Bitcoin has developed this main inverse head-and-shoulder-formation with the left shoulder and the head already completed and the right shoulder developing now with the bounce of the ascending-trend-line and the 30.000 USD level which is a good indication for the right shoulder to complete and finalize the whole inverse head-and-shoulder-formation. Upcoming Determinations: Taking all these factors into consideration Bitcoin is in a structure where the further bullish continuation possibility increases. With the inverse head-and-shoulder this means the formation completes when Bitcoin bounces above the neckline and closes there as it is marked in my chart. When Bitcoin shows up with such a price-action it will complete the formation bullishly to the upside and will activate the upside targets lying within the 35750 levels marked in my chart in blue. Once Bitcoin manages the breakout and completion of the inverse head-and-shoulder as expected there is a solid possibility given for the targets to be reached, after this the situation needs to be elevated anew. In this manner, thank you for watching my analysis about BITCOIN and its inverse head-and-shoulder-formation which has the ability to complete in the near future and show up with determined continuations, will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best! "Trading effectively is about assessing possibilities, not certainties." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
23
USDCHF, Further Continuation Since Ascending-Wedge Completed!Hello, Welcome to this analysis about USDCHF, we are looking at the 2-hour timeframe perspectives. USDCHF recently has formed some important and decisive determinations as it already completed this ascending-wedge-formation in the structure bearishly to the downside which is marked in my chart it also moved below this support-resistance-line which is now support marked in red in my chart where it also has the 260-EMA in red as resistance. Below these levels USDCHF is now forming this local channel which is likely to be a bear-flag as USDCHF already pulled back from resistance there is a high possibility given that this channel confirms as a bear-flag in the near future. When this happens as expected USDCHF will approach the lower target-zones mainly within the 0.9065 level marked in my chart in blue which are the appropriate full targets of the whole wedge-formation. When these targets are reached it has to be considered how USDCHF evolves then, as there is good support still in this level a potential initial back-up-bounce can be considered. For now, the further bearish continuation should be expected and should not be kept by side. In this manner, thank you for watching my analysis about USDCHF and the bearish possibilities that are likely to follow up in the near future with the upcoming determinations, have a good day and good weekend, will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best! "There is a time to go long, a time to go short, and a time to go fishing." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
10
LINKUSD, Ready For A Protracted Continuation In The Channel!Hello, Welcome to this analysis about LINKUSD, we are looking at the 4-hour timeframe perspectives, the recent events, the established formational structure, and what we can expect in the upcoming times. LINKUSD has formed some interesting formational developments in the last times. Furthermore, I detected that there is an initial continuation coming up that will test the remaining resistances and after that show up with further conclusions. It is necessary to distinguish LINKUSD from other cryptocurrencies as not everyone is building such an appropriate formational structure with highly possible scenarios to consider, therefore I detected the important determinations we should consider now with LINKUSD. Structural Developments: As when looking at my chart we can watch there how LINKUSD has built up this major ascending-channel-formation with the coherent wave-count within and the waves A to D almost already completed. Now LINKUSD moved into the lower boundary once again and is testing it once again. Furthermore, LINKUSD is forming this local triangle within the lower boundary zone which is marked in my chart in orange. The completion of this formation is likely to mark the ending of wave D and the origin of wave E to the upside that will be fully confirmed and lied ground for this perspective when LINKUSD closes above the 100-EMA in red. Upcoming Determinations: Taking all these factors into the consideration now LINKUSD is in a structure where it will highly likely show up with increased upside continuations once the local triangle as mentioned has completed. As LINKUSD already shows up with increased bullish volatility on the local timeframe perspectives this is the main source for further developments. What is important also here is that LINKUSD does not increase bearish signs that can invalidate highly bullishness nevertheless as the structure looks now this is not that likely. Once LINKUSD emerged with wave E it will test the upper-resistance marked in red and a highly likely pullback will follow. In this manner, thank you for watching my analysis about LINKUSD and the major ascending-channel-formation established with the upcoming determinations, will be awesome when you support the idea with a like and follow or comment, great contentment for everybody supporting, 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.
COINBASE:LINKUSD
by VincePrince
13
XRPUSD, Main Formation For Continuation, How It Completes!Hello, Welcome to this analysis about XRPUSD, we are looking at the 4-hour timeframe perspectives. XRPUSD in the last times is forming quite an interesting formation as I discovered, the formation has similarities with the descending-wedge-formation forming in Bitcoin. When the formation in XRPUSD completes in the upcoming times with the right price-action and XRPUSD maintains a substantial pace in the upcoming times this can lead to great volatility, activation of the targets, and appointing of the targets till they are reached. Therefore I detected all the important levels, formational structure, and what we should consider with XRPUSD in the upcoming times. Structural Developments: As when looking at my chart we can watch there how XRPUSD is now building up above this ascending-trend-line marked in my chart with dashed black, above this trendline XRPUSD forms this major descending-wedge-formation with the waves A to C almost already completed and recently with the ending of the wave C XRPUSD moved rightly into the given ascending-support determined by the ascending-trend-line. When XRPUSD now manages to increase with bullish price-action further in the upcoming times this will lead to a completion of the descending-wedge-formation and activation of the upside-targets. Currently, XRPUSD already tested the 20-EMA which is a good sign. Upcoming Determinations: Taking all these factors into the consideration now XRPUSD has developed a considerable structure from where it can move on with appropriate opportunities. Therefore it is necessary that XRPUSD rightly bounces above the upper boundary of the descending-wedge-formation. When this happens as it is shown in my chart and XRPUSD rightly stabilizes above the boundary it will be the setup for the further continuations to the upside and activation of the target-zone at 0.74 marked in my chart in blue. After this zone is reached it has to be elevated how XRPUSD continues further and if there comes a bullish continuation right away or XRPUSD firstly sets up for a pullback. In this manner, thank you for watching my analysis about XRPUSD and the main formation developing that has the ability to be origin for continuations, great contentment for everybody supporting, all the best! "The key to success is to focus on goals, not obstacles." Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:XRPUSD
by VincePrince
17
Ethereum, Decisive Ascending-Channel, These Scenarios Important!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 we can expect in the upcoming times. Ethereum recently tested important resistances in the structure and reached the initial target zones as expected to pull back again. As I detected here now Ethereum is forming some important developments with the current formation structure that can lead to increased volatility in the near future and Ethereum testing more major resistance-zones in the structure from where the dynamic will be elevated anew, therefore I discovered all the important levels and likely determinations we should consider with Ethereum and its established structure. Structural Developments: As when looking at my chart now we can watch there how Ethereum established this major ascending-channel-formation with the coherent wave-count in the formation and the waves A and B already fully completed. In this channel Ethereum had still remaining resistance within the 2400 level, this is also the cause of why the recent pullbacks developed as they developed. With Ethereum now approaching the lower boundary of the ascending-channel again this is a high likely origin for the major wave C to the upside which will complete the whole wave-count and will approach this highly important remaining dynamic resistance-cluster where several resistances coming together and therefore building a serious resistance that should not be kept by side. Upcoming Determinations: Taking all these factors into the consideration the next times when Ethereum continues with the emerging of wave C in the structure it will be decisive especially with Ethereum moving into the upper resistance zones and the inevitable encounter with the serious resistance-cluster lying there in which several resistances coming together with such as the ascending-resistance-line, the horizontal support and the upper-boundary of the ascending-channel. All these factors giving the edge for a pullback when Ethereum moves into this structure, the main decisive question comes after this with Ethereum either holding the structure above the lower boundary or closing below it which will complete the channel as a bear-flag to the downside. In this manner, thank you for watching my analysis about ETHEREUM and the major ascending-channel with the upcoming determinations, will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best! "Good luck is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
BYBIT:ETHUSD.P
by VincePrince
6
GBPUSD, Completes Major Descending-Triangle, Perspectives!Hello, Welcome to this analysis about GBPUSD, we are looking at the 4-hour timeframe perspectives, the recent events, the established formational structure, and what we can expect in the upcoming times. As I discovered recently GBPUSD has formed a paramount formation in this structure, which is a descending-triangle-formation. This descending-triangle-formation is marked with the black boundaries in my chart. Besides that GBPUSD has the coherent wave-count within the descending-triangle and the appropriate wave-count in the triangle with the waves A to E already completed. Now as GBPUSD showed up with the breakout above the upper-boundary recently this completed the triangle bullishly and is the setup for the further continuations to the upside. The breakout also activated the main target-zone marked in my chart in blue at the 1.4046 level, it is likely that these targets will be reached in the upcoming times and when this happened it will be important on how GBPUSD reacts into this zone, if there establishes a bullish continuation or a pullback firstly settles. For now, the determinations and appointing of the target-zone should be considered, it will be an interesting journey ahead. In this manner, thank you for watching my analysis about GBPUSD and the decisive descending-triangle that recently completed and activated the upper-target-zone, will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best! "Good luck is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
22
BITCOIN, Diamond-Bottom-Formation Detected, DECISIVE DESTINIES!Hello, Welcome to this analysis about Bitcoin, we are looking at the 12-hour timeframe perspectives. Bitcoin is still in a phase in which it is measuring out the trend and what is important to note here is that after such a low volatile phase comes a phase with increased higher volatility especially when the technical factors point to such development's increased likelihood. In my recent analysis about Bitcoin I now detected a major formation that can approve as the sufficient bottom-formation that Bitcoin has the ability to form and after that show up with the further determinations, in this case, I discovered the important levels and likely destinies that need to be considered in this constellation. Mainly it has to be noted that Bitcoin is still in an accumulation phase where smart money operators and market makers pushing the prices to appropriate levels to accumulate into the market to trap inexperienced traders. Besides these given conditions what the market often does in such a situation is forming a bottoming-formation that marks the bottom with the confirmation of it when finalizing the formation. In this case, there are certain individual possibilities for the bottom-formations such as the double-bottom or the Wyckoff Accumulation to play out in the market, these possibility percentages are important to consider, here are the main possibilities for the diamond-bottom-formation: 1. A Diamond-Bottom-Formation breaks out to the upside with a possibility of 82% 2. The Price-Projection of a Diamond-Bottom-Formation to the upside will be reached with a possibility of 79% 3. The price-action makes a pullback to the previous resistance after the breakout which is then support in about 50% of the formation completions. Structural Developments Of Bitcoins Diamond-Bottom-Formatio n: As when looking at my chart now we can watch there how Bitcoin already completed the first half of the formation with this broadening-wedge in the structure and the waves A to E broadening in the wedge to form both the top and bottom of the formation. Now Bitcoin is about to form the second half of the formation with this symmetrical-triangle and the first wave A already emerged. Furthermore, Bitcoin sets up to follow up with wave B that is also consisting of a local ABC-wave-count. It is likely that wave B will move on within the next times and travel to around the 38730 levels marked in orange from where the rest of the wave-count in the second half can continue to finalize this whole constellation above the 35-EMA. Upcoming Perspectives With The Completion Of Bitcoins Diamond-Bottom-Formation: Taking all these factors into the consideration now the decisive developments will come after Bitcoin completed the wave-count in the second half of the formation also. This will happen with the final decisive breakout above the upper-boundary of the right part of the formation, after this happened the price-projection from the highest to the lowest point can be measured at the breakout-point to the upside, the minimum projection is determined from the right corner of the formation to the upside as it is seen in my chart. For now it will be important to elevate on how Bitcoin continues with the wave-count in the second part and after that finally completes the formation, when it happens the next conclusions can be made. In this manner, thank you for watching my analysis about BITCOIN and the paramount Diamond-Bottom-Formation forming, have a good day and weekend, will be great when you support it with a like and follow or comment, great contentment for everybody supporting, 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.
BYBIT:BTCUSD.P
by VincePrince
23
DOGECOIN, Descending-Wedge, Ready For A Dedicated MARK-UP!Hello, Welcome to this analysis about DOGECOIN, we are looking at the 4-hour timeframe perspectives. When assessing the cryptocurrency with the different altcoins it is always important to look at the most likely setups and differentiate the certain cryptocurrencies as there is a part that develops more bearish movements, while others are in neutral conditions and again others have solid bullish structures. In this case, I discovered the main formation in DOGECOIN that has the ability to be the origin of incoming volatilities and developments to the upside, therefore it is necessary that DOGECOIN rightly completes the formation, as for now there is a high possibility given that this will happen in the upcoming times. As when looking at my chart now marked there with the black boundaries I detected the major descending-wedge-formation DOGECOIN is building here. In this formation there is a coherent wave-count with almost all relevant waves already completed, now the last wave E is remaining which can either travel completely to the lower boundary again or bounce in the structure to set up from there and complete the formation. The completion of the formation and therefore activation of upside-targets will happen with DOGECOIN breaking out above the upper-boundary and closing there as it is marked in my chart. When this finally happens it will activate the targets at the 0.28 level marked in my chart in blue. After DOGECOIN has shown up with the breakouts and stabilization above the upper-boundary there is a high possibility given that the targets will be reached in the schedule and once this is done the situation needs to be elevated anew, it will be an interesting development ahead. Therefore, thank you for watching my analysis about DOGECOIN and the main descending-wedge-formation with the upcoming determinations and breakout to reach the targets ahead, will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best! "Good luck is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
BINANCE:DOGEUSD
by VincePrince
17