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Vinceprince

BNBUSD, Triangle-Breakout Emerged, Upcoming Perspectives!Hello, Welcome to this analysis about BNBUSD, we are looking at the 3-hour timeframe perspective. BNBUSD as I discovered in recent times has shown up with some very important decisive price-actions in the structure and therefore completed a formation that has good potential to show up further volatilities and likely determinations. Therefore it is necessary to keep patient and do not rush into set conclusions on either one or the other direction to overspeculate the market into this one direction. In this manner, I discovered all the important levels and likely destinies we should consider with the structure BNBUSD is forming here and the upcoming movements ahead of the next times. Structural Developments: As when looking at my chart now we can watch there how BNBUSD firstly formed this main ascending-triangle-formation in the structure with the coherent wave-count within and the waves A to E already completed, recently BNBUSD has shown up with the breakout above the upper boundary that is referring to the wave-E-extension which BNBUSD is setting up and will continue with it in the next times. Also, an important factor here is that BNBUSD is staying above the 160-EMA in red as well as the 200-EMA in green, these EMAs are matching with the upper-boundary of the triangle-formation and therefore building a solid support-reference-base in this zone. Upcoming Determinations: Taking all these factors into the consideration now it should be considered that BNBUSD actually formed a strong breakout and upcoming continuation-formation here. Especially when BNBUSD stays above the suggested levels and stabilizes further this will lead to the continuation and approach of the upper target-zone marked in blue in my chart at the 360.5 level, when BNBUSD reaches out in this zone it has to be elevated if there follows a continuation or BNBUSD firstly sets up with a pullback which will not be unlikely in this case as there is a strong resistance still lying in this structure and such a pullback is normally seen after a determined wave-count. Therefore, thank you for watching my analysis about BNBUSD and the main triangle-breakout-structure developing here with the likely determinations upcoming, 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:BNBUSD
by VincePrince
5
ETH, This Descending-Wedge A Determining Factor Upcoming!Hello, Welcome to this analysis about Ethereum, we are looking at the 2-day timeframe perspectives, the recent events, the established formational structure, and what we can expect in the upcoming times. Ethereum has formed some interesting signs global as well as locally. As Ethereum locally already completed channel-breakout that I mentioned and showed up with the bullish volatilities to reach important targets there are some important factors here that will determine further upcoming developments, therefore I detected all the important levels and considerable scenarios we should consider with Ethereum on this global timeframe perspective. Structural Developments: As when looking at my chart now we can watch there how Ethereum formed this major descending-wedge-formation in the structure. Besides that Ethereum has this ascending-trend-line marked in blue holding the price-action above the trend-line. Also significantly to consider here is that Ethereum holds above the 200-EMA in red and the 160-EMA in green, two important reference-points for the price-action above. Furthermore, what is a very meaningful factor here is that Ethereum recently emerged with this main MACD-bullish-crossover in the structure whereas the last one is already some time in the past. These factors give a good edge for further sustainable continuations. Upcoming Determinations: Taking all these factors into the consider it is likely that Ethereum will finalize the whole descending-wedge-formation with the wave E in the structure with either bouncing in the range between 2000 and 2200 to complete the wave-count and finalize the formation or with Ethereum firstly approaching the lower boundary once again where the wave E finalizes and Ethereum sets up to complete the descending-wedge. Furthermore, there is a paramount resistance still in the structure at the 3625 level marked in orange, when Ethereum reaches out in this zone a first pullback will be highly likely, what comes after that then will be important with Ethereum either managing to stabilize in the structure or pulling back more heavily, these are the scenarios that need to evolve then when Ethereum approaches the given zones with the emerged developments, it will be an important and interesting development ahead. In this manner, thank you for watching my analysis about ETHEREUM and the important factors on the global perspective that should be considered, will be great when you support it with a like and follow or comment, great contentment for everybody supporting, 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
XRPUSD, Forms Decisive Descending-Channel, Important Scenarios!Hello, Welcome to this analysis about XRPUSD, we are looking at the 2-hour timeframe perspectives, the recent events, the established formational structure, and what we should consider in the upcoming times. As I discovered here XRPUSD forms an interesting formational structure that can be the source for upcoming dedicated volatility. Therefore it is necessary that XRPUSD shows up with the right price-actions and does not invalidates such a formation that can lead to the breakout and increased volatility. However, when XRPUSD manages to determine the right price-actions this can lead to some good potentials with the given opportunities ahead of the upcoming times. Structural Developments: As when looking at my chart now we can watch there how XRPUSD has formed this major descending-channel-formation with the boundaries marked in black. Besides that XRPUSD has the coherent wave-count in the formation and the waves A to C almost already completed. Now XRPUSD has reached the lower boundary with the ending of wave C once again and a bounce is likely to occur in this structure as there are some good supports lying. This is why XRPUSD is likely to have its appropriate origin of the wave D to the upside within this lower boundary zone which will be important for the further determinations of the wave-count in the whole descending-channel structure. Upcoming Determinations: Taking all these factors into the consideration now it will be important on how XRPUSD continues and moves on with wave D to approach the upper-zone, what is important to mark here is that XRPUSD still has this main-resistance-cluster in the upper-boundary region marked in my chart in red. This is why XRPUSD will likely pull back once the resistance-cluster is reached and after that continue with the wave-count mainly emerging with the wave E that will complete the whole wave-count and approach the major confirmational-bounce-cluster marked in blue. When XRPUSD manages to bounce in the cluster and sufficiently continue with bullish determinations this can finally lead to an upside-channel-breakout above the upper boundary however for now it has to be shown how XRPUSD continues further and manages such scenarios ahead of upcoming times, it will be an interesting journey. In this manner, thank you for watching my analysis about XRPUSD and the main descending-channel-formation with the upcoming possibilities we should consider, 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.
BINANCE:XRPUSD
by VincePrince
7
Why BTCs H-S-Formation Will More Likely Form A Upside-Breakout!Hello, Welcome to this analysis about Bitcoin, we are looking at the 12-hour timeframe perspectives. As already mentioned in the former analysis Bitcoin has formed profound structures for a bullish aligned development in the structure. Not only has Bitcoin it's Wyckoff Accumulation ongoing but also has formed the main channel-breakout on the more local term as well as the upcoming Hash-Ribbons-Signal that has a very high possibility to emerge if you did not see these analyses already where I mentioned these technical developments I highly recommend it to watch to have a full-depth-overview. In this analysis now I am looking at the massive head-shoulder-formation Bitcoin is forming and I examine why a bullish breakout to the upside has a higher possibility compared to the bearish one to the downside. In such a trend-finding phase in which Bitcoin currently still is it is necessary to do not overspeculate the situation because this can fastly lead to a one-sighted unlogical and idealistic approach. Rather it is highly important to consider the market out of a neutral perspective to elevate what things are possible and what things are clearly not possible. What functioned in the past is repeating patterns that have an empirical meaning and therefore have a high possibility to complete in the present and future again similarly as it happened before. In the last days and weeks highly regulatory measurements came up from societies such as China blocking the Bitcoin development and innovation however it has to be stated that such similar scenarios already happened several times in the past and every time Bitcoin could recover and emerge with new volatilities, in fact as for us as traders volatilities either up or down can provide the proper opportunities to take advantage of. Bitcoin Structure With MACD Divergence And Formational Development: As when looking at my chart now the first thing that is important here and meaningful to consider is the fact that Bitcoin is forming this major bearish MACD-divergence in the structure with the lower lows formed in the actual bullish price-action while higher highs emerged in the MACD oscillator. Such a MACD-divergence is a classical divergence and a reliable indication for a solid reversal in the structure. Furthermore, Bitcoin has a symmetrical triangle in the more local structure that I already mentioned previously has a higher possibility to breakout to the upside and with the breakout above the upper-boundary of its descending-channel already developed a further appropriate ground for incoming increased bullishness awaited in the schedule. The right shoulder of the massive head-shoulder-formation already fully completed in the structure and had the same size as the left shoulder in the head-and-shoulder-formation, in relation to this structure now Bitcoin is setting up to form the final head-shoulder-confirmation of which the bullish breakout has a higher possibility. Upcoming Determinations And Likely Scenarios To Consider: Taking all these factors into the consideration now it will be important for Bitcoin to elevate how it develops further in the structure here. Likely is that Bitcoin breaks out of the triangle as already mentioned and continues with testing the upper levels of remaining resistance mainly lying within the 41200 USD level marked in my chart in blue. When Bitcoin reaches these zones a pullback has an increased possibility to follow however as Bitcoin has major support zones in the structure determined by the ascending-trend-line in dashed grey and also the 20-EMA above which Bitcoin will be when the breakout happened there is a great likelihood given that Bitcoin stays above these zones and from there on sets up for a new upside-breakout-attempt which will be the crucial factor in this whole situation because when Bitcoin finally manages to break out above the resistance and especially above the descending-trend-line it will be the final completion of the head-and-shoulder-formation to the upside. For now, we should keep patience and look at how the market develops to be prepared for the upcoming volatilities likely to happen. In this manner, thank you for watching my analysis about BITCOIN and the analysis on why an upside-breakout out of the head-and-shoulder-formation has a much greater likelihood, will be great when you support it with a like and follow or comment, great contentment for everybody supporting, 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
28
LINKUSD, Increased Possibility For Determined Channel-Breakout!Hello, Welcome to this analysis about LINKUSD, we are looking at the 4-hour timeframe perspectives. LINKUSD is one of the cryptocurrencies that managed to hold its established range and form consecutive higher highs as well as higher lows in the structure. In this whole formational development now I discovered important factors that can convert LINKUSDs structure into a determined channel-breakout with further developments to the upside and increased volatility. Therefore it is important to keep patient and do not rush into set conclusions rather elevate how the price-action develops and how a final upside-breakout above can emerge to be prepared on a potential entry into the currency. Structural Developments: As when looking at my chart now we can watch there how LINKUSDs has formed this main ascending-channel-formation in the structure with the coherent wave-count within and the waves A to D almost already completed. What remains now is the wave-D and as LINKUSD is holding above the 65-EMA in red as well as the 20-EMA in green a solid indication is given that LINKUSD can form the wave E above these structures. For now, the established channel is building a fundamental base for further developments and therefore a minimum test of the upper-boundary that emerges in the next times has a grounded possibility. Upcoming Perspectives: Taking all these factors into the consideration now when LINKUSD continues to develop the wave E in the structure which will also conform to the more local ABC-wave-count it will be interesting on how LINKUSD approaches the upper-boundary of the channel because when this happens in a increased strong bullish manner there is a good likelihood given that LINKUSD finally also manages a breakout above the upper-boundary which will lead to a wave-E as well as wave-C extension and LINKUSD will activate and move on to approach the upper target-zone marked in my chart in blue within the 26 levels from where the situation needs to be elevated anew. In this manner, thank you for watching my analysis about LINKUSD and the potential upside-channel-breakout incoming when LINKUSD continues with the wave-count, 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.
COINBASE:LINKUSD
by VincePrince
6
ETHUSD, Dynamic-Decision-Zone, How Determined Breakout Follows!Hello, Welcome to this analysis about Ethereum, we are looking at the 4-hour timeframe perspectives. As already mentioned in previous analysis Ethereum formed this dedicated channel-breakout and will approach the dynamic targets in the upcoming times. If you did not see the former analysis referring to this structure I highly recommend it to watch as this analysis is following up on it. Furthermore, I detected other important signs that need to be elevated here and which have a good potential for Ethereum to convert into determined price-actions in the upcoming schedules. Therefore it is necessary to keep patient and do not rush into set conclusions as this is most often times not a good idea. Therefore I detected all-important levels and likely determinations we should consider with Ethereum. Structural Developments: As when looking at my chart we can watch there how Ethereum climbed up this local ascending-trend-line marked in blue in my chart. Ethereum also emerged with this coherent wave-count to the upside here and is now forming the main wave 3 in the structure which will approach the dynamic decision-zone marked in orange in my chart in the near future. What is also good here and supporting the more bullish cause and possibilities is that Ethereum bounced above the 20-EMA in green and also above the 100-EMA overall together with the ascending-trend-line in blue this is a good structure on which Ethereum can build upon even when it needs to be tested and bounced again. Upcoming Determinations: Taking all these factors into the consideration now it will be important on how Ethereum approaches the dynamic decision-zone. When this happens it is highly likely that a pullback will show up which then firstly moves on to test the ascending-trend-line as well as the EMAs also in this structure. When Ethereum sufficiently holds these zones and bounces within this can lead to a great breakout above the upper-boundary of the larger structure. Such a breakout will be the origin of the major wave 5 to the upside and in this case, Ethereum will emerge into the bullish-development-zone marked in green from where it will approach higher levels after which the situation needs to be elevated anew. For now it will be important on how Ethereum approaches the upper-zones and shows up with the breakout. In this manner, thank you for watching my analysis about ETHEREUM and the dedicated structure building now with the potential bullish breakout incoming with Ethereum determining the right price-action, 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
10
Bitcoin, Decisive Triangle, Likely To Complete In The Schedule!Hello, Welcome to this analysis about Bitcoin, we are looking at the 4-hour timeframe perspectives. Besides the main descending-channel breakout and the validation above the upper boundary that I examined in former analysis, I discovered further interesting signs now that Bitcoin finally forms in the developed structure. When not already seen it is also good to look into the former analysis about this structure to have a full-depth-overview. As it was likely that Bitcoin continues with this sideways correctional shape after the breakout has emerged as expected in this analysis I now look at the particular formation Bitcoin is building in this case and what we should consider in the upcoming developments Bitcoin is likely to show up with. Structural Developments: As when looking at my chart we can watch there how Bitcoin developed this main ABC-wave-count to the upside marked in my chart with the grey waves. In this wave-count Bitcoin already almost fully completed the first wave A and is now about to form the next major wave B in the structure that moved into a triangular shape with the boundaries marked in black. In this triangle-formation Bitcoin now forms an ABCDE-wave-count that builds the major wave B in the upside-wave-count. In this triangle wave count Bitcoin already completed the waves A to D sufficiently in the structure and is now finalizing the wave E and therefore the whole wave-count till the completion of the triangle-formation can settle. Upcoming Determinations: Taking all these factors into the consideration now Bitcoin will likely complete this triangle within the upcoming times. This will happen with Bitcoin finally closing above the upper-boundary of the triangle and substantially building up above the 100-EMA in red as well as the 20-EMA in green. Such a breakout and stabilization above the important levels will also be the confirmation for Bitcoin to breakout above the ascending-trend-line I already mentioned in previous analysis and therefore Bitcoin will advance in the bullish-development-zone that I marked in green. Currently, it is important to elevate this breakout and when it happens the targets at the blue level will be activated, it will be an interesting journey ahead. In this manner, thank you for watching my analysis about BITCOIN and the decisive triangle-formation that is forming with the likely breakout to emerge in the schedule, 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
18
BTC, Main Fibonacci-Channel, How The CME-GAP At 49250 Can Fill!Hello, Welcome to this analysis about Bitcoin, we are looking at the monthly timeframe perspectives. In this analysis I am looking at the broader picture Bitcoin is forming and as I discovered recently Bitcoin in the previously developed bearish pullbacks to the downside moved into significant levels and also formed a decisive structure that can be fuel for the upcoming volatilities ahead of the next times. As already mentioned in the former analysis Bitcoin not only on the 4-hour timeframe perspective is in a Wyckoff accumulation but also forms a potential upcoming Hash-Ribbons Buy-Signal. In this analysis now I am looking at the main Fibonacci-channel structure in combination with the CME-GAP that has developed in the bearish pullbacks and did not yet fill. Especially in the last months since the beginning of 2021 the Volume of Bitcoin-Futures has substantially increased and reached its peaks at the bullish upthrusts before the markdown followed. Therefore the CME-GAP has even a higher ranking when considering this Bitcoin-Futures Volume increase and the market-movements resulting out of it. In Bitcoin bearish developments to the downside from the 59800 to the 30000 level this major CME Breakaway GAP has formed in the downtrend. In the graphic below I show the CME-GAP. CME-GAP At The 49250 Level: In Bitcoins past price-actions and developments such CME-GAPS where a very profound indication for the case that Bitcoin minimum when reversed reaches this CME-GAP level to fill the gap. This is also possible here due to several factors and especially because Bitcoin recently reached this major 50%-61.8% Fibonacci channel which was previously resistance and is now support. Bitcoin also has formed other signs that a bounce to the gap is likely to come up within the next times, therefore a gap-fill in upcoming times can be expected when Bitcoin moves on with the determinations. In terms of the gap-fill and Fibonacci structure, this does not mean Bitcoin is completely 100% bullish however it is a step in the right direction especially when Bitcoin manages to mark above the gap-level after the gap-fill happened. High Potential Bounce Of The Fibonacci-Channel-Support-Zone In Alignment To Fill The Gap: Now in consideration of the major CME-GAP that has formed here and in terms of this whole monthly timeframe perspective Bitcoin recently reached this 50% to 61.8% Fibonacci-support-channel that is marked in my chart in orange, it is the Fibonacci-support-channel of the broader Fibonacci-ascending-channel that has its lows at the December 2018 bear-market-bottom as well as the March 2020 corona-breakdowns and has its high at the April 2021 all-time-high. Together with the 12-MA marked in my chart in blue this 50%-61.8% Fibonacci-channel in orange builds strong support as this channel was resistance before and therefore is a bounce from this level highly likely in the upcoming times. Therefore when this bounce develops and Bitcoin moves on with an increase of bullish price-action this will likely fill the CME-GAP in the structure. What Happens After The Gap Is Filled: Once the gap is filled as mentioned under the given circumstances this can lead to an initial pullback after the gap is filled and Bitcoin will seek to test the lower supports in the structure. When these supports hold sustainably it can be the source of a bounce and especially after that when Bitcoin manages an increase in bullish price-action when the supports holding sustainably a bounce above the CME-GAP level and a stabilization in this zone as I show in my analysis with the writings can indicate a set up for the main Fibonacci-channel-breakout when Bitcoin manages to stay in these zones. For now, it will be important to keep patient and elevate how Bitcoin can continue ahead of the upcoming times to move on and fill the CME-GAP to show up with the further developments. Will be especially important how Bitcoin manages to approach these zones and how the structure will look like after this. In this manner, thank you for watching my analysis about BITCOIN and its Ascending-Fibonnaci-Channel Structure in relation to the CME-GAP filling that is likely to come up, will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best! Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
27
Cardano, Triangle-Breakout Emerged, Important Zones!Hello, Welcome to this analysis about Cardano, we are looking at the 6-hour timeframe perspectives. As I detected recently Cardano has formed some interesting structures and when looking at my chart now we can watch there how Cardano established this ascending-triangle-formation marked with the boundaries in blue, this triangle formed above the descending-trend-lines in dashed grey. Within this triangle-formation Cardano has the coherent wave-counts and the waves A to C already completed in the triangle, this wave-count in the triangle completes the major wave C in the wave-count to the upside and as Cardano already recently showed up with the breakout above the upper-boundary this is the likely set up for the continuation and development of the major wave C to the upside which will run directly into this remaining point-of-control resistance marked with the red line where also the targets of the triangle stay. When these targets are reached it has to be elevated if Cardano manages to continue further bullishly or firstly reverses which is not unlikely as this is a strong resistance level. It will be an important and interesting development. In this manner, thank you for watching my analysis about CARDANO and the triangle-structure developed with the recent breakout that emerged that is a likely origin for the pointing of its target-zone, will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best! Information provided is only educational and should not be used to take action in the markets.
by VincePrince
29
XRPUSD, Completes Descending-Triangle, Activated Target-Zone!Hello, Welcome to this analysis about XRPUSD, looking at the 12-hour timeframe perspectives. As I discovered recently XRPUSD is forming a very interesting formation in the structure that has the ability to convert into a determined continuation especially because the formation recently completed with a breakout and therefore validation of the whole formation. As when looking at my chart now we can watch there how XRPUSD has formed this major descending-triangle-formation with the coherent wave-count in the formation almost already completed. XRPUSD is now above the upper-boundary and already pulled back to it to bounce from it giving the proper setup for the upcoming continuations. These continuations will follow-up and firstly approach the initial target-zone marked in my chart in blue in the 0.898 level. When this initial target is reached it has to be elevated how XRPUSD continues further and how a continuation of the established volatility can look like or there firstly comes a pullback which also is possible in this case, it will be a important and interesting development ahead. In this manner, thank you for watching my analysis about XRPUSD and its major descending-triangle-formation that recently completed with further perspectives 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.
BITSTAMP:XRPUSD
by VincePrince
8
ALTCOIN-MARKETCAP, Breakout Above Major Reference-Zone Incoming!Hello, Welcome to this analysis about the ALTCOIN-MARKETCAP on the 4-hour timeframe perspectives. As already mentioned in the previous analysis that can be found when looking at my profile the biggest Cryptocurrency by market-cap Bitcoin has formed some important alignments in terms of the Wyckoff Accumulation and also Hash-Ribbons dynamic that a bullish development in the upcoming times has a high possibility. Now this does not necessarily mean the whole other cryptocurrency market excluding Bitcoin is bullish as the divergence between the cryptocurrencies is increasing especially compared to Bitcoin it is important to differentiate these aspects to do not just consider the market in the same direction, with the same volatility and amplitude. Structural Developments: As when looking at my chart now we can watch there how the ALTCOIN-MARKETCAP has developed this local ascending-channel-formation in the structure that is marked in blue in my chart, within this ascending-channel the Marketcap has formed a coherent wave-count with the waves A to D almost already completed and now with the wave E about to form already showing up with some exceptional increased volatility in the schedule. As it is seen in my chart this wave E is testing the main descending-trend-line marked in black in recent times, this trendline is an important reference point of resistance here as it connects the previous lower highs. With the horizontal resistance in dashed grey, the market cap will validate this as support when breaking out above. Upcoming Determinations: Next times will be a decisive time here as when the demand in the ascending-channel increases further with the continued development of the wave-E it will lead to a determined breakout above this major descending-trend-line, such a breakout will be the appropriate origin of the wave-E-extension and appointing of the upper-target-zone. For now, we need to keep patient and await the breakout which will finally confirm as it is marked in my chart with the Marketcap final price-action above the descending-trend-line. Such development will activate the upper-target-zone consisting of several levels, the remaining upper-resistance, the point-of-control resistance, and also the target projection, when the Marketcap reaches out there a pullback is highly likely. In this manner, thank you for watching my analysis about ALTCOIN-MARKETCAP and what is the likely breakout-determination that has a high possibility to follow up in next times, 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.
CRYPTOCAP:TOTAL2
by VincePrince
6
BITCOIN, Massive HASH-RIBBON Buy Signal Incoming The NEXT TIMES!Hello, Welcome to this analysis about Bitcoin and its Hash-Ribbon-Structure I recently detected, which is playing an important role in the current movements especially with upcoming price-actions this can lead to a new historical has-ribbon-signal as it was already similarly seen 15 times in Bitcoins past historical price-developments. As Bitcoin in recent times showed up with heavy declines in the structure the regulatory landscape altered and some countries such as China decided to shut down mining completely and ban Bitcoin mining, while there are other countries and governments who are massively regulating exchanges. In this analysis, I will examine the aspect of decreased mining activity resulting out of such measures that are actively affecting the hash rate and the mining capitulation which is the underlying factor in the hash-ribbon indicator I am presenting today. In technical analysis the best thing is to combine different technical aspects and come up with a final conclusion besides that it is always extremely necessary to keep a clear head and do not take an idealistic view on the market as it is happening oftentimes, this just plays into the hands of the smart money operators and market makers pushing the prices up and down and taking advantage of these gaps in the developments and trapping traders in the market. Therefore, as a sophisticated trader, it is necessary to think in both directions to wage the proper determinations and come up with a final decision rather than over-speculating the market into a one-sighted approach. The Hash-Ribbon-Indicator: The hash-ribbon-indicator seen in my charts consists of 3 important technical elements. The first is the hash rate, the hash rate is the amount of computing power which miners are putting into the Bitcoin network to mine Bitcoins. When the hash rate is falling this means that fewer miners are mining Bitcoin within the Bitcoin network and therefore the competition to mine Bitcoins is falling and in the hash-ribbon-indicator, this hash-rate is represented by the different dots (First graphic below). The second element is the hash-ribbons moving-averages consisting of the 30-day hash-ribbon moving-average marked in green and the 60-day hash-ribbon moving-average marked in grey, when the 30-day crosses below the 60-day this means miner capitulation settled and the miners mining Bitcoin decreases as well as the hash-rate decreases while it is the reverse when it crosses above. The third element is the decisive one in the whole structure as it actually marks the final buy-signal with the blue dot, this is when the 10-MA marked in my chart in green crosses above the 20-MA marked in my chart in red which showed the final bulls-signal already in past price-actions combined with the increased mining activity, in this case, it is important that the 10-MA holds above the 20-MA and do not forms a cross-back. In the graphics below I show these elements in action and how they are defined. Hash-Ribbon Development-Phases Explained: In this first graphic, you can see the already mentioned elements in the hash-ribbon-indicator explained. With the different stages in the declining to rising hash rate reaching from the actual miner capitulation to the final increasing in miner activity till the buy signal is developed marked with the dots in a different color. What is important is also the stages in the hash-ribbons moving averages as well as the price-action moving averages. One Example With The Stages-Examinations Out Of The 15 Historical Hash-Ribbon-Signals: In this second graphic, you can see how the hash-ribbon signal exactly indicated the ongoing expansion phase. Beginning in May 2020 the miners capitulated resulting in the decreasing hash rate and the incoming grey dot, after that, the hash rate declined further till mining activity increased again, and on the 23rd June reached a level in which the mining activity moved into normal levels again. This held till the final buy signal emerged at 12 July 2020 with the 10-MA finally crossing above the 20-MA and holding above it with no cross-back. The Present Ongoing Hash-Ribbon-Signal-Phase With The Important Structures To Consider Currently: As seen in the third graphic now Bitcoin is in the next historical hash-ribbon-signal-phase and what is significant in this phase is that the mining activity severely recovered in the past times till the next declines in mining activity followed up, this can be contributed to the fact that China shutdown on Bitcoin mining and that in this case, the closing of mining activity came in waves similar to the other regulatory measurements in other countries as well affecting the Bitcoin mining contribution. Besides that, the several continued increases in mining activity also indicate an increased demand for mining during the volatility. Now Bitcoin is still in the miner capitulation phase with a declining hash rate as it is shown in my chart, this can possibly change in the upcoming times when mining activity increases again as the miners that left China building up their mining activity in more supportive places the mining activity and therefore hash rate can rise again similarly as it was in the past with this major hash-ribbon-signal. What We Should Consider Now: In past price-actions it was always often seen that the hash rate and mining difficulty decreased moving into the hash-ribbon-signal-phase as explained, this was also the case with the declines seen in the last times and especially fueled by countries such as China shutting down on Bitcoin mining. The miners that leaving China now will settle into other countries where the mining activity will increase again, it was already reported that many moved into the US in states such as texas with a supportive Bitcoin Mining Policy. Taking this into the consideration and especially with the other technical factors I already mentioned in the previous analysis it is likely that mining activity will increase again in the next times pointing to the green dot in the hash-ribbons indicator. Furthermore, Bitcoin on the weekly is developing this main declining bearish momentum which is an increased reversal sign. These factors can be fuel for the next hash-ribbon signal. In this manner, thank you for watching my analysis about BITCOIN and the meaningful importance of its Hash-Ribbon-Indicator-Structure, have a great day as well as the weekend, will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best! Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
36
Ethereum, Channel-Breakout As Expected, Further Developments!Hello, Welcome to this update-analysis about Ethereum, we are looking at the 4-hour timeframe perspectives. Since the previous analysis Ethereum managed to breakout above the main upper-boundary of the major ascending-channel it formed and therefore showed up with the coherent setup for determining the wave C in the structure. If you did not see the former analysis already I highly recommend to watch it as this analysis is building a coherent follow-up on the previous. Therefore I detected all the important developments, structural importances and what we should consider in the next times with Ethereum since it managed to breakout of the ascending-channel in the structure. As when looking at my chart now we can watch there how Ethereum showed up with the channel breakout and after that pulled back to approve the breakout-territory anew and bounce in this structure. What is important here is that Ethereum forms this second channel above the breakout point in which it is forming this ABC-correctional movement from where it has the ability to build up and show a possible breakout above the second channel in the next times. When this happens and solid bullishness shows up the main dynamic target-zone marked in my chart in orange will be pointed from where the dynamic needs to be elevated again, it will be an interesting journey ahead. In this manner, thank you for watching my Update-Analysi about ETHEREUM and the emerged channel-breakout with the further likely determinations ahead of next times, will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best! Information is only educational and should not be used to take action in the market.
BYBIT:ETHUSD.P
by VincePrince
10
CHFJPY, Develops Decisive Double-Top, How It Completes!Hello, Welcome to this analysis about CHFJPY, we are looking at the hourly timeframe perspectives. CHFJPY in the recent times has formed an interesting structure as I discovered that can lead to upcoming volatilities and a possible short-side-entry. As when looking at my chart we can watch there how CHFJPY severely pulled back from this descending-trend-line marked in dashed grey, in this structure now as I detected CHFJPY is forming this double-top-formation with the first top and second top almost already completed, the volume also confirmed the second top here and the increased bearish volatility within the second top is indicating that the whole double-top-formation will likely complete in the next times. Taking these factors into the consideration now it is necessary to keep patient and await the final double-top-confirmation below the neckline as it is marked in my chart, such a breakout below the neckline will complete the whole formation and firstly activate the initial target at around the 119.94 level. When this first target is reached it has to be elevated how CHFJPY continues from there and if the bearish pressure increases further, when this is the case the second target lying at the 119.8 level will be pointed and when CHFJPY reaches out there it needs to be elevated how it continues with bullishness or bearishness. For now it needs to be shown how the formation completes and activates the targets. In this manner, thank you for watching my analysis about CHFJPY and the decisive double-top-formation that has a high possibility to complete 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! "Trading effectively is about assessing possibilities, not certainnties." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
2
PAYPAL, Dedicated Channel-Breakout Incoming, Main Target-Zones!Hello Traders Investors And Community, Welcome to this analysis about Paypal, we are looking at the daily timeframe perspective. As I discovered recently in my analysis Paypal is forming a solid structure from where a breakout to the upside is possible within the upcoming times. As looking at my chart we can watch there how Paypal is within this main ascending-channel-formation and also has this coherent wave-count within the formation with the waves A to B already completed and now Paypal is about to form the wave C which will be a protraction wave. The next time it is likely that demand increases further in the structure and Paypal finally breaks out above the upper-boundary which will be the origin of the wave-C-protraction to the upside and such a price-action will also activate the upside targets at around the 345 level marked in my chart in blue. When Paypal has reached this target-zone it has to be elevated if it manages to continue bullishly or firstly shows up with a reversal testing lower levels after the targets reached. For now, the dedicated channel-breakout with upcoming volatility should be expected, it will be a great journey ahead. In this manner, thank you for watching my analysis Paypal and the dedicated channel-breakout which is awaiting in the upcoming times to approach 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! "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.
NASDAQ:PYPL
by VincePrince
2
NEOUSD, Forms Crucial Ascending-Wedge, Important Considerations!Hello Traders Investors And Community, Welcome to this analysis about NEOUSD, looking at the 4-hour timeframe perspectives. As the cryptocurrency market divergence increases more there are coins forming formation with a rather bullish edge, coins that have a more neutral structure and coins that have a high-possibility bearish development structure. With NEOUSD it is the case that NEOUSD is in a decisive formational structure that has a increased bearish edge which should not underestimated here, especially with the formation that I recently detected this can lead to an initial breakout to the downside and approaching of the lower supports before a back-out can emerge, therefore it is important to be prepared on such possible volatilities and in this case I detected all the important levels. As when looking at my chart now we can watch there that NEOUSD firstly established this decisive ascending-wedge-formation in the structure with the coherent wave-count in the wedge-formation and the waves A to D already finished, now with the approaching of the lower boundary of the wedge this will be the likely origin of the wave E to the upside that will move on and finalize the wave-count. The crucial thing is that NEOUSD then will run directly into this dynamic resistance-cluster marked in my chart in red which is forming in between the descending-trend-line and the 100-EMA in red, as this is a range of accumulated supply it is likely that NEOUSD shows a pullback from there which will move on and complete the wedge-formation to the downside, such a breakout will activate the lower targets and NEOUSD will likely reach them in the upcoming times. This does not mean NEOUSD is completely bearish as there is a solid support base from where it can back-up and show further increased demand with bullish developments. In this manner, thank you for watching my analysis about NEOUSD and its decisive ascending-wedge-formation with the upcoming scenarios to consider, will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best! "The high destiny of the market is to explicate, rather than to speculate." Do you have a favorite altcoin? Let me know in the comments, potentially I analyze it in the future. Information is only educational and should not be used to take action in the market.
BINANCE:NEOUSD
by VincePrince
3
NEMUSD, Massive Broadening-Wedge, Important Zones And Scenarios!Hello Traders Investors And Community, Welcome to this analysis about NEMUSD or also called XEM, on the 4-hour timeframe perspective, the recent events, the established formational structure and what to expect in the upcoming times. The altcoin market in the recent times is developing some interesting formations in the individual certain coins and it needs to be elevated that the divergence between the coins is increasing more and more in the last times with coins showing more bearish developments, while others have bullish structures as well as others which remain in a more neutral state. These divergences are important when considering a potential arbitrage in the market, it is necessary to distinguish these divergences and come up with the proper conclusions which do not mean there are no opportunities to properly advance with. Broadening-Wedge-Formation: As when looking at my chart now we can watch there how NEMUSD has formed this massive descending-broadening-wedge-formation with the coherent wave-count in the formation and the wave D currently forming. At the moment NEMUSD is still holding above the 25-EMA in red however when it breaks out below this EMA it will be the origin for further bearish continuations to the downside. Mainly it is likely that NEMUSD continues with its wave-D development which will directly approach this serious main resistance-cluster marked in red in my chart where several resistances coming together and therefore likely to determine a pullback which will be the highly potential source of the wave E to the downside. Two Potential Upcoming Scenarios: Once NEMUSD approaches the upper resistance-cluster and continues with the wave E there are basically two possible scenarios on how NEMUSD can continue in its structure, the first is when NEMUSD manages to approach this local ascending-trend-line in the broadening-wedge and bounce within to complete the wave-count and show up with a broadening-wedge-breakout when the right demand settles and NEMUSD breaks out above the upper-boundary. The second scenario is when bearishness increases exorbitantly in the structure and bulls do not have the ability to bounce in the support and back-up, in this case when NEMUSD closes below the ascending-trend-line this will be the origin of the wave-E-extension to the downside and NEMUSD will look for a potential stabilization with ongoing back-up and completion of the broadening-wedge lower in the structure. In this manner, thank you for watching my analysis about NEMUSD and its broadening-wedge with the important levels and scenarios we should consider in the upcoming times, 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." Do you have a favorite altcoin? Let me know in the comments, potentially I analyze it in the future. Information is only educational and should not be used to take action in the market.
X
by VincePrince
1
Bitcoin, More Likely Breakout Developed, Further Determinations!Hello Traders Investors And Community, Welcome to this Update-Analysis about Bitcoin on the 4-hour timeframe perspective. As expected Bitcoin now finally moved on with the more likely breakout above the upper-boundary to initially test the main ascending-trend-line in black and pull-back from there to confirm the breakout now which was expected. If you did not see this analysis already I highly recommend it to watch as this analysis is building a coherent follow-up to the previous one. The formational structure Bitcoin developed here gets very interesting shapes and as the more possible breakout above the boundary now emerged as suggested I detected further signs that will be decisive for Bitcoin in the upcoming developments. Structural Development: As when looking at my chart now Bitcoin rightly formed the breakout above the upper-boundary of the descending-channel-formation marked with the blue circle, after that Bitcoin moved on and tested the upper-boundary of the ascending-trend-line from where it pulled back as supply still remained in this zone price-action moved on and is now testing the upper-boundary where the previous breakout emerged. Overall the breakout above the upper boundary was the setup now for potential further continuations however therefore it is necessary that Bitcoin manages to build up further strength in this structure and complete a possible continuation-formation from where it can show the determined continuations. Upcoming Determinations: This formation can move into the shape of a similar formation like a symmetrical wedge as it is marked in my chart with the coherent wave-count within. After that when Bitcoin manages to complete such a formation in the structure and form a breakout above its upper-boundary to close there this will lead to further testing of the remaining upper-resistance. For now, it is highly important to elevate how Bitcoin develops here as this formation can also still invalidate and Bitcoin moving on to test lower level nevertheless it is necessary to do not rush into set conclusions and overspeculate the market into a one-sighted direction before further information about the continued directions is given. In this manner, thank you for watching my Update-Analysis about BITCOIN and what to expect after this more likely main upside-channel-breakout has finally shown up; 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 is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
31
Polkadot, Sets Up To Test Main Remaining Resistance-Zones!Hello Traders Investors And Community, Welcome to this analysis about Polkadot, we are looking at the 4-hour timeframe perspective. Polkadot is not the only cryptocurrency that showed up with these heavy bearish alignments and firstly did not emerge with an immediate reversal in the structure rather it is building an important formational structure with the nuances as I discovered recently. It is highly necessary to distinguish Polkadot from the other cryptocurrencies as the divergence between these cryptocurrencies is highly increasing these times, while there are many building more bearish shapes there are also ones with a more bullish structure, with Polkadot this is currently something in between therefore I detected the decisive scenarios and upcoming perspectives we should consider here. As when we look at my chart now we can watch there how Polkadot is forming this lower triangle-formation with this coherent wave-count established, this triangle has an ascending lower-boundary and a more flat ascending-upper-boundary which gives the edge for this triangle to a considerable breakout with a wave-E-extension when Polkadot moves on to build up in this structure as it already did before in the wave-count. At the moment we should expect that Polkadot continues with its wave-count in the formation and tests the upper-boundary of the formation after which the crucial part will come with Polkadot either building up further above in this structure or breaking to the downside. These two scenarios are important and mainly it will be expounding on how Polkadot approaches the upper-boundary-resistance, when this happens in a not that strong bullish manner this can also indicate that Polkadot is likely to draw down and continue its bearish developments however when Polkadot manages to increase bullishness and show up some solid bullish volatilities this actually can be the right origin for the breakout above the upper-boundary which will be the source of the wave-e-extension to the upside. When such a price-action emerges Polkadot will move on and test the main remaining resistance marked in red from where a pullback will likely firstly show up after which further dedications will be made. In this manner, thank you for watching my analysis about Polkadot and the decisive structure it is forming here with the determining breakout and testing of remaining levels incoming; will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best! "The high destiny of the market is to explicate rather than to speculate." Information is only educational and should not be used to take action in the market.
BINANCE:DOTUSD
by VincePrince
9
USDCAD, Triangle-Breakout Incoming, Targets To Consider!Hello Traders Investors And Community, Welcome to this analysis about USDCAD, we are looking at the 4-hour timeframe perspective. As I discovered recently USDCAD is forming a very interesting structure which has considerable opportunities with USDCAD showing up and developing the right price-actions in the schedule, such events can lead to solid breakouts and also potential opportunities when it is done right. Therefore I detected the important levels, the likely determinations to consider and what targets have a high likelihood to be activated when USDCAD shows up with the completion of the triangle-formation in the structure ahead of the incoming times which is not unlikely to finally come up with. As when we are looking now at my chart we can see there how USDCAD recently bounced from this main structure-support to the upside which is marked in my chart in blue. Besides that USDCAD is still in an uptrend that did not yet show up with a reversal to the downside yet and therefore has higher possibilities given to continue just when assuming this in the classical trend-following approach. Now as USDCAD bounced in this significant support this was the origin for the wave-count which is forming the local ascending-triangle-formation now, this triangle is marked in my chart with the black boundaries, and USDCAD almost already completed the wave-count, the last wave which is remaining is the wave C that is now developing. What we should consider now in this structure with USDCAD is that the breakout in the next times is likely to emerge, this breakout above the upper boundary of the formation will complete the formation and will activate the upside targets at the 1.2456 level marked in my chart in blue. When USDCAD shows up with these developments and approach the final target-zone it has to be elevated how it reacts into this zone and if there comes a further continuation to the upside or USDCAD firstly reverses and as USDCAD will approach this important target-zone as well as resistance lying within there a pullback coming in should not be kept by side and should be in this case expected however it does not mean USDCAD is fully bearish and the bull-trend will reverse. In this manner, thank you for watching my analysis about USDCAD and the main triangle-formation that is likely to show up with a breakout emerging to the targets in the upcoming 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 is only educational and should not be used to take action in the market.
by VincePrince
10
GOLD, Descending-Triangle-Formation, Preparing For Relief-Rally!Hello Traders Investors And Community, Welcome to this analysis about GOLD, we are looking at the 4-hour timeframe perspective. In my former analysis of GOLD I already mentioned that GOLD is likely to form a relief-rally within its established structure as it moved into important support zones. Now recently GOLD made this bear-trap below the 1760 level and snapped back into the range which is an important event in the structure because it can be the source of the actual relief-rally that will emerge in the upcoming times. Now it is necessary to do not rush into set conclusions and overspeculate the market into a one-sighted direction, therefore I detected the fundamental underlying formation and what scenarios we should consider in GOLDs upcoming developments. As when looking at my chart now we can watch there how GOLD snapped back into its previous range after forming the bear-trap below the 1760 level. This resulted in an initial rally that did not yet had the ability to convert into a full reversal and is now running directly into this dedicated resistance-cluster that is marked in red in my chart where several resistances coming together consisting of the upper-boundary of the formation, the horizontal resistance in red and also the 35-EMA in red. All these resistances in the resistance-cluster indicate the wave E in the major wave-count to emerge from this point, this wave E will complete the whole ABCDE-wave-count and will approach the dynamic-support-zone marked in orange again. Taking these factors into the consideration now GOLD when it continues with this decisive wave-count as it is marked in my chart ahead of the next times can complete the descending-triangle-formation when it manages to bounce in the structure and breakout above the upper-boundary of the descending triangle. Such a development will be the origin of the actual relief-rally with increased continuations and approaching of the next levels, which does not necessarily mean GOLD is already completely bullish however this relief-rally should not be expected as it can trap the bears with stop losses above the descending-triangle. And when the relief-rally shows up the upper resistance marked in blue will be tested sooner or later. In this manner, thank you for watching my analysis about GOLD and the decisive descending-triangle-formation that has the potential to be the source of the upcoming relief-rally; will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best! "There are many roads to prosperity, but one must be taken." Information is only educational and should not be used to take action in the market.
TVC:GOLD
by VincePrince
13
Ethereum With A Potential Reverse-Channel-Breakout Incoming!Hello Traders Investors And Community, when assessing the cryptocurrency market these times, especially the altcoins within the market it is highly important to distinguish the certain differences between the individual cryptocurrencies as there are cryptocurrencies that build more bullish formations while others tend to develop an increased bearish condition. Such developments are necessary to rightly approach the diverging formations in the currencies. Besides that there are also formations that can show up a reversed outcome compared to the classical variants such as the fake bear-flag which as I discovered Ethereum is about to complete here within the next times and therefore I am looking at the important levels and what to expect in upcoming times. As when looking at my chart now we can watch there how Ethereum firstly increased with the bullish price-action right after moving above this descending-trend-line that is marked in dashed grey in my chart, this was a strong bullish volatile move and besides that, it also developed the wave C in the ABC-wave-count that is penetrating the upper-boundary of this ascending-channel-formation which is normally supposed to be a bear-flag however it is not seldom seen within the cryptocurrency space that such formations tend to break out into the reverse direction especially when the signs for such a breakout already formed before which is the case with Ethereum here as it stabilizes above the 45-EMA in green and is also forming this local flag-channel. Taking these things into the consideration here Ethereum has shown up with this initial bullishness and it is not unlikely that the market builds upon such volatility. Therefore, when Ethereum manages to increase the demand in the next times and close above the upper boundary of the channel it will be the right setup for further developments to the upside, and Ethereum in this case then will activate the dynamic upper remaining resistance as the appropriate target-zone in this structure which will also lead to the wave-E-extension. For now, it will be important on how Ethereum continues with this possible scenario and how it manages to stay in this range, when this happens the breakout is likely not far away, it will be an interesting journey ahead of the upcoming time. In this manner, thank you for watching my analysis about ETHEREUM and its potential reverse channel-breakout that has the ability to activate further targets when it rightly completes, will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best! Information is only educational and should not be used to take action in the market.
BYBIT:ETHUSD.P
by VincePrince
12