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Vinceprince

Huge Symmetrical Triangle will determine Bitcoin Future Outcome!__________________________________________________________________________________________________________________________________________________________________ Hello traders investors and community. We live in volatile times today! As the news is spreading the coronavirus fears and national emergencys called in many countries of the world we see rumors facing all important financial markets including the cryptocurrency market and the biggest cryptocurrency of all, bitcoin! We saw BTCUSD breaking down several support levels as it formed a major low at 3850 after a heavy downfall making more than minus 50 % in just one day. Today I discuss with you the important price pattern I detected observing the bitcoin chart and the heavy outcome BTCUSD will show us in future! __________________________________________________________________________________________________________________________________________________________________ When looking at my chart you can see this huge historical triangle forming after the major high was seen in 2017, as looking objectively on the triangle we can say that we are still trading in a consolidation phase considering the long-term approach. The symmetrical triangle will break either in the bullish or bearish direction with a heavy outcome, the longer we are trading in the triangle the heavier the outcome will be, so at this point, we need to wait and look for more bearish or bullish signs to confirm the definite outcome of the triangle. __________________________________________________________________________________________________________________________________________________________________ Sell-Off: __________________________________________________________________________________________________________________________________________________________________ Local Support/Resistance: __________________________________________________________________________________________________________________________________________________________________ Considering the next days and weeks I am expecting up-moves to higher levels at least to recent support/resistance levels between 6460 and 6900, after this a test of the upper triangle line as seen in my chart is highly likely. Either of the two targets marked in dark red will be reached when the triangle confirmed in the bullish or bearish direction. I know many of you want to believe in the crypto bull market but at the current point there also has to be considered the bearish scenario as also the major stocks and world economy showing bearish signs we are facing a possible recession the next months and years, therefore the bearish scenario has to be considered and taken seriously. __________________________________________________________________________________________________________________________________________________________________ Thanks for watching, I hope everybody found this analysis useful. For more market insight feel free to support my work with a like and follow. I wish everybody of your good days and a nice weekend! “It is the job of the market to turn the base material of our emotions into gold.” In this manner have a good weekend my friends! __________________________________________________________________________________________________________________________________________________________________
BITSTAMP:BTCUSD
by VincePrince
40
Be aware of this hidden Fractal-Similarity between BTC and Gold!__________________________________________________________________________________________________________________________________________________________________ Hello traders investors and community, today I share with you an amazing observation which I found in the bitcoin and gold chart. As many people know when we talk about digital gold we bring bitcoin in the conversation, similarly to the physical gold the supply is limited and the production is similar, the difference to the physical gold is that the production and supply of bitcoin is 100 % digital. __________________________________________________________________________________________________________________________________________________________________ When I compared the charts to one another I figured out that there is not the only similarity in production and supply but also in the chart picture! Looking at the physical gold chart the overall structure can be divided into four phases. You can see these phases marked in the charts. There is also the big descending wedge in gold which already confirmed the same way in bitcoin. Phase 1: Correction: Gold provided a significant correction from 1900 to 1050 before it formed the ongoing uptrend, this fractal can also be divided into a Wyckoff accumulation phase. When looking at the bitcoin correction phase we see an unbelievable similarity with the physical gold chart, as it formed the exact same correction fractal which can be divided in a Wyckoff Cycle. Phase 2: First Uptrend: The first uptrend in gold is important because it brought gold from 1050 to 1350 in a massive up-trend wave before the consolidation set in, we saw the same dynamic in the bitcoin chart as you can see when looking at my chart. Phase 3: Consolidation before Breakout: When looking at the consolidation phase of gold I saw that there is a significant wedge formation before a massive breakout happened, you can see the breakout marked in the chart with the red Ellipse. Like a correction in bitcoin the next weeks is the most probable scenario we can expect a similar wedge pattern before a breakout. Phase 4: Second Uptrend: The second uptrend with gold is developing right now, this is the point where bitcoin is still in the correction phase, but the setup is highly probable as there are so many similarities in the charts we can expect bitcoin entering the breakout and phase 4 symmetrical to gold. The only difference is that the charts diverge in time. __________________________________________________________________________________________________________________________________________________________________ Soo my friends, this should be a good overall overview of the physical gold and digital gold compared to one another. ;) Please like and follow my work for more market insight. All the best and good trading profits my friends! __________________________________________________________________________________________________________________________________________________________________
BITSTAMP:BTCUSDLong
by VincePrince
33
My Forecast Played out the Bullish Way and the Flag Confirmed.__________________________________________________________________________________________________________________________________________________________________ Hello my friends! This is a update-analysis on a idea I made november last year! I called that we are trading in a huge bull-flag with two possible outcomes. Now we can see that the bull-flag I observed is playing out the bullish way just right the coming days. Highly recommend that you watch this analysis to have a full overview of the situation: __________________________________________________________________________________________________________________________________________________________________ We are looking at the daily chart and can see that the huge bull-flag I suspected to confirm also in a bearish way is confirming the bullish way now. We made a possible final lower low and otherwise when we can't find bearish signals signaling a fake break-out of the flag or heavy supply we can expect a good growth period with a higher high in the structure. __________________________________________________________________________________________________________________________________________________________________ I expect a consolidation the next days above the last blue trend-line which you can see in my chart before moving steadily higher. This is a middle-term analysis, in the next weeks and month we can expect bitcoin to test the upper resistance levels at 10600 to 11900, for now, I can't say that we are out of the woods for sure but we can expect some bullish movement. A possible target of the bull-flag would be 12700 with more upside potential, we have to watch if this plays out! __________________________________________________________________________________________________________________________________________________________________ Thanks for watching everybody. I hope you found this analysis useful. Feel free to support my work for more market insight. All the best! __________________________________________________________________________________________________________________________________________________________________
BITFINEX:BTCUSDLong
by VincePrince
17
How to Trade Broadening Formations. ________________________________________________________________________________________________________________________________________ Hello traders investors and community. Today I show some important trading formations which can help to identify a profitable trading entry in the markets. These types are when confirmed highly probable trading set-ups to open whether a LONG or SHORT position. In volatile markets, these formations can develop quite often. ________________________________________________________________________________________________________________________________________ 1.) Ascending Broadening Wedge 2.) Descending Broadening Wedge 3.) Broadening Wedge Bottoms 4.) Broadening Wedge Tops 5.) Ascending Right-Angled Broadening Formations 6.) Descending Right-Angled Broadening Formations ________________________________________________________________________________________________________________________________________ ________________________________________________________________________________________________________________________________________ 1.) Ascending Broadening Wedge These wedges most often break-out in the direction where they came from. So it is a wise idea to trade the break-out in the direction, otherwise, swing-trades can be traded from trend-line to trend-line in the broadening wedge. The target is the full height of the pattern, from the lowest low to the highest high forming the trendlines. Identifying tradable ascending broadening wedges can provide good risk and reward trades with high profit. 2.) Descending Broadening Wedge This Wedge is similar to the Ascending Broadening Wedge. We are looking for two touches for each trendline before a reversal and breakout happen as shown in my chart. The Breakout can be traded with a minimum target of the percentage distance from the full height of the pattern, from the lowest low to the lowest high. 3.) Broadening Wedge Bottoms Broadening Wedge Bottoms are as you can see in the picture provided in my chart. Reversals marking a significant reversal after a downtrend. The bottom is formed with three touches of the lower trendline and three touches of the higher trendline. The target is the highest high in the pattern minus the lowest low in the pattern. 4.) Broadening Wedge Tops Broadeing Wedge Tops are similar to Bottoms. They develop in a rising trend forming higher highs and lower lows in a broadening scale-like seen in the picture. Three higher highs marking the upper boundary of the formation and two lower lows marking the lower boundary of the formation. The target projection is the same as with broadening bottoms. 5.) Ascending Right-Angled Broadening Formations They develop with a horizontal trendline and a sloping trendline. The price broadens over time in the formation forming three lows and two highs as you can see in the chart. The wedge breaks in the direction where it came from and can be traded either with swing trades in the wedge or with a breakout entry to trade the breakout. The target is the height of the complete wedge at the breakout point and is projected from the breakout in the breakout direction to determine the minimum target. 6.) Descending Right-Angled Broadening Formations These are the same as Ascending Right-Angled Broadening Formation just with a little different structure. Here we have a horizontal lower trendline and a sloping higher trendline which are forming the overall formation. We see two touches of the lower trendline and three touches of the higher trend-line just as with the Ascending Right-Angled Broadening Formation. The price projection is also the same and the formation can be wisely traded in the breakout direction. ________________________________________________________________________________________________________________________________________ If you like this tutorial feel free to support my work. Thank you. ________________________________________________________________________________________________________________________________________ “The eye sees only what the mind is prepared to comprehend.” ________________________________________________________________________________________________________________________________________
BITSTAMP:BTCUSDEducation
by VincePrince
14
XRPUSD - SMART-MONEY BUYS AND HOLDS - HERE IS WHY! ____________________________________________________________________________________________________________________________________________ Hello. Today i want to share with you an important and interesting observation which i made with XRPUSD. We are looking on the weekly-time frime. As the cryptocurrency market consolidates and BTCUSD provides some possible bullish break-out signals, Ripple is an important coin to look at. ____________________________________________________________________________________________________________________________________________ As you can see on my chart, there is an pattern which exactly repeats.There is a reason why XRP is the third biggest cryptocurrency after bitcoin and ether- eum. It has an longer history in the cryptocurrency market backing from a time where the mass of crpytocurrencys existing today wasnt there. As XRPUSD provided two growth phases in which it gained 5544 % in the first and astonishing 94870 % in the second, the same pattern is repeating right now. ____________________________________________________________________________________________________________________________________________ After the first growth phase XRPUSD had an corrective phase where smart investors took profit and XRP dropped down, you can see the take-profit phase marked with the red box in my chart. Then it took a long accumulation phase where smart money accumulated before public money to launch the rocket to moon. This provided the second growth phase which you can see in my chart. The pattern provided the last months is nearly the same, the take-profit phase with an ABC-correction an the accumulation. ____________________________________________________________________________________________________________________________________________ XRPUSD is an good coin with lots of support from banks and goverments which implementing and integrating the coin, also it held the market-cap and price stady above the 0.24 support, it bounced several times in this price level as smart-money is accumulating, exactly the same pattern repeating seen before. ____________________________________________________________________________________________________________________________________________ Thanks for watching! May all luck and happiness come to you! For more market insight feel free to support! The information provided is for educational purposes only and should not be used to take action in markets. ____________________________________________________________________________________________________________________________________________
POLONIEX:XRPUSDLong
by VincePrince
60
Bitcoins Actual Amazing Movement Similarity with the Last Cycle!_____________________________________________________________________________________________________________________________________________________ Hello my friends, I wish everybody a Happy New Year! Hopefully, everybody had a nice New Years' Eve. So we are in 2020 and there are important things I discovered with bitcoins weekly time-frame movement, which I share with you today. Let's go! There Is Bitcoins Big Cup and Handle Cycle which already played out with the target of the Cup and Handle Confirmed. You can see it in my chart, you can see the different stages of the cup and handle confirmation, breakout, and target marked with numbers from 1-4. Also, there is the first Cup and Handle Formation which already played out in 2017 marked with the letter A and the next Cup and Handle Cycle marked with the letter B. 1. Double Bottom and First Accumulation: The first bullish signs after a long and strong bear-market indicating a possible change in direction. Smart-Money is accumulating in this phase. 2. Second Accumulation: Retail Money is accumulating in the market. The prices are rising higher. This is also a substantially important phase for bitcoin to develop further rising price-movement. 3. Breakout and Cup and Handle Confirmation: Price increases further after the second accumulation is completed. Price confirms at the right top of the cup and forms the handle which completes the formation when confirmed. 4. Final Cup and Handle Target: It s the price target projected from the top of the Cup and the lengths from the bottom to the top from the cup of this formation. The minimum target zone is the percentual price lengths from the bottom and top of the Cup and Handle formation, more often then not the prices shoot higher than the actual target. Which you can see in the first Cup and Handle Cycle. Cup and Handle Formation: In the domain of technical analysis of market prices, a cup and handle or cup with handle formation is a chart pattern consisting of a drop in the price and a rise back up to the original value, followed a smaller drop and a rise past the previous peak. It is interpreted as an indication of bullish sentiment in the market and possible further price increases. ______________________________________________________________________________________________________________________________________________________ The second Cup and Handle Cycle in which we are trading right now looks pretty similar to the last one, it wouldnt be not so Improbable that we confirm this second Cup and Handle like the last one. On the other hand these formation can also fail and print another formation which either consolidates or falls down. A defnite test of the higher line from this formation can be taken as complete confirmation of the formation and further upward price movement. ______________________________________________________________________________________________________________________________________________________
BITSTAMP:BTCUSDLong
by VincePrince
36
What Can We Expect from Bitcoin in The Upcoming Year 2020?! ______________________________________________________________________________________________________________________________________________________________ Hello my friends, first of all, I want to thank all my followers and supporters for the great participation in my analysis provided 2019. Hopefully, everybody of you had a good good good Christmas time with friends and family and will join the year 2020 with good energy. This is very important! ______________________________________________________________________________________________________________________________________________________________ Today I want to talk about bitcoins price-movement in the upcoming year 2020 and what we can expect from the next 12 months. There is an important long-term formation forming which you can see in my chart that could provide when confirmed a bullish year 2020. When we are looking at my chart we can see a big cup and handle formation forming and which can confirm next year. We can see right now the price is consolidating above several important support bases. 135-EMA: It is a substantially important indicator in the formation right now. As you can see in my analysis the price is trading right above the 135-EMA in purple you can see in my chart. Which first of all is a good sign. It is highly likely that the EMA will hold and confirm as support. 200-EMA: When the 135-EMA cant hold there is an important other EMA that can confirm future support. The 200-EMA is marked in orange as you can see in my chart. Cup and Handle Pattern: There is a huge massive cup and handle formation forming which confirms when the pink box which you see in my chart is touched. The target in my chart will be valid when the cup and handle formation confirmed. The minimum target of such a formation is the lower and higher point of the cup You can see all the important indicators described in the legend which I provided in the chart. There is also the 23.6 & Fibonacci retracement in which we are trading right now. Also what is significant to look at are the blue speed support lines which indicate a stable up-trend in the long run. You can see the lines marked in my chart in light blue trend-lines. These lines marking an uptrend and are drawn from the lows of several key levels which confirmed as support in the past. When a line of these speed lines are broken this could indicate a change in price direction so when considering a possible bearish reversal we have to watch out for these levels to confirm. ______________________________________________________________________________________________________________________________________________________________ This analysis is used to describe the price-direction of a full year from beginning 2020 to the end of 2021. It shows the highly likely scenario of price movement the next year. Hopefully everybody enjoyed, may you have a great time and good start in the next year my friends ;) Feel free to support for more market insight. ______________________________________________________________________________________________________________________________________________________________
BITSTAMP:BTCUSDLong
by VincePrince
36
BITCOIN BEARS! Next Trap Incoming and Major Decline will Follow __________________________________________________________________________________________________________________________________________________________________ Hello traders investors and community, today I discuss with you an important observation which I made on the daily bitcoin chart. As bitcoin is trading in a consolidation again just as seen before the major drop came which dropped bitcoin to the 7800 levels, there are some important things to look at. __________________________________________________________________________________________________________________________________________________________________ Bitcoin is trading in a declining channel with several lower-highs and lower-lows already formed in the past. After bitcoin formed the triangle on a weak support base which finally broke badly to the downside after the bull-trap, bitcoin is consolidating again now. In my chart, you can see the reason for the break-down marked with the horizontal trend-line and the bull-trap callout. The higher-high which was formed in june was formed with high selling volume. Also before the break-down, we saw weak volume in the weak support zone. There is a reason why bitcoin cant establishes a new higher high, with bad volume more decline is likely to happen as we are still trading in bearish environments. We formed the last lower-lower at the 7750 as you can see in my chart, the support which is building now looks similar weak to the last weak support range. So what can we expect in the next days? A bull move to the upside is likely, as you see in my chart, which is critical because bitcoin will directly trade into resistance at 8800-8900. There is major resistance at 8800-8900 also the upper trend-line of the orange parallel channel is marking serious resistance. With facing these important resistance levels a next bull-trap will confirm as there are not many solid bull signs for a successful reversal. The orange channel you see in my chart is critical, I can't see any bullish continuation without taking out this channel. This channel has to be taken out for considering the bullish scenario, without this it is still a bearish declining channel that trades to the downside. __________________________________________________________________________________________________________________________________________________________________ This was my analysis, hopefully, everybody can profit from the information, have a good time and of course good trading profits! For more market insight feel free to support. Information provided is for educational purposes only and should not be used to take action in markets. __________________________________________________________________________________________________________________________________________________________________
BITSTAMP:BTCUSDShort
by VincePrince
24
RIPPLES BULL-MARKET COULD BE IN THE MIDDLE STAGES - HERE IS WHY_______________________________________________________________________________________________________________________________________________________ Hello my friends, today I will look at an important observation showing a repeating pattern on a larger scale. It also shows the events which occur the next weeks and months before the final XRPUSD break-out will happen. Let's go! _______________________________________________________________________________________________________________________________________________________ At observing ripples long-term weekly chart I first found a massive up-trend channel which is drawn from the lowest point (green) to the ending of the first correction (also green) and the first all-time high (red), You can see this channel connecting coherently the lows and highs from this massive and stable up-trend. There is also this first longer correction which you see in my chart marked with the pink box divided into smaller boxes with light-blue dividing-lines and separated into phases one, two and three forming chronically the over-all correction before the final moonshots happened. The correction is divided into phase one: The first stage of the correction in which heavy supply enters the market and shrinking in price occurs The next phase, phase two: It is the stage in which supply falls below the previous level and demand begins to fill the market and price rises, it is also the phase in which many professional investors and institutionals entering the market-landscape, as price rises demand does also. The final most important phase three: Is the last phase before the big boom break-out occurs and prices rise massively to form higher highs at significant levels. In this phase volatility and volume diminish but the price remains trading in the same range as seen in phase two. Both retail and institutional investors buying shares and prepare for the final break-out. Before the break-out occurs we can see a massive decrease in momentum as low momentum is associated with a strong break-out the bull-market occurs after the touch of the lower line of channel. As I saw at looking at the chart now I could capture the same pattern forming again, just in a broader time and price altitude. We are just entering phase two now in which many professional people will enter the market-landscape. So as many people talking about that XRPUSD can fall to lower levels I do not really see that scenario possibly happen in the foreseeable future as we holding up this strong support level and the pattern form looks just like the correction seen before. Considering the bigger altitude in the current correction occurring we can say that the bull market will be enormous and of larger size as the bull market seen before, as it always the case with a bigger altitude and price swings we can expect bigger altitude and price swings in the future. I would be extra vary with shorting ripple in the current situation as it could backfire soon, we are entering phase two now in which consolidation is expected. Short-term trading could be considered here, with LONG position but i personally wouldnt SHORT It right now. _______________________________________________________________________________________________________________________________________________________ Please support, follow and like if you found this analysis useful, i will probably update on this scenario when more information is given. I wish everybody happy christmas and a very very very nice happy new year, of course with good trading profits and a healthy and happy live! May all your goals come true! _______________________________________________________________________________________________________________________________________________________
POLONIEX:XRPUSDLong
by VincePrince
37
How Smart, Retail and Dumb Money accumulates in the Market._______________________________________________________________________________________________________________________________________ Hello traders, investors and community. Today I want discuss with you how Smart-Money, Retail-Money and Dumb-Money (News trader) accumulates in the cryptocurrency space. In my chart, you can see the specific phases in which these three types of buyers accumulating BTCUSD for long-term purposes. With two accumulation processes already finished and the third developing now. ______________________________________________________________________________________________________________________________________ 1. Smart-Money: Given in a downtrend a new lower low is established, Smart-Money, also known as "whales", "institutional investors" or "Big Players" placing high Limit-Orders (Often Over-The-Counter) at likely prices and pushing the price higher. A new short term-trend is developed. 2. Retail-Money: Also known as "private trader", "individual money" or "not-institutional" accumulating shares at given prices after smart-money already pushed prices higher. There is still plenty of space for price to develop in this phase. 3. Dumb-Money: This type hears the news and rushes in to buy bitcoin shares. He does not follow technical analysis and is normally emotionally driven. ______________________________________________________________________________________________________________________________________ There is no way of accumulating right or wrong for long-term purposes but the best option would be to accumulate at best prices as smart money does. In my analysis, I consider buy and hold for long-term purposes with these specific types, not traders. As a trader, you can take advantage of it and places your trades for maximum profit. ______________________________________________________________________________________________________________________________________ Thank you everybody for watching, feel free to support. May all your trades going well but more important happiness and a good life! ;) Information given is only for educational purposes and should not be used to take action in markets. ______________________________________________________________________________________________________________________________________
BITSTAMP:BTCUSDLong
by VincePrince
14
BTCUSD - Is BITCOIN trading in a real bull-flag or a fake one?!__________________________________________________________________________________________________________________________________________________________________ Hello traders investors and community. There are some interesting things going on with BTCUSD which I discuss with you today. As it fell below support the last days and seems to recover we have to look on the chart for further details in the analysis which will determine bitcoins future price action. Lets go! __________________________________________________________________________________________________________________________________________________________________ In my chart, you can see that BTCUSD is trading on a huge parallel channel. Which is technically and theoretically a bull-flag. A pattern that normally breaks to the up-side. However, this can also be a fake one, a channel that can break to the downside, you can see these types of channels in smaller time-frames. The pattern has to be confirmed with a break-out to the upside to make sure that it is a real bull-flag. __________________________________________________________________________________________________________________________________________________________________ As BTCUSD is trading below support now I expect a rally to the 8000 USD range, where we will likely get a pull-back as you can see marked in my chart. Technically these types of the pattern break to the up-side, however, this would be the best scenario for many people, there is also a scenario for more downside as BTCUSD is trading at the moment right now below support and made some bearish moves the last weeks this can continue with BTC rising and falling back again. As you can see it happened after this massive bull move with high volume and momentum, it can continue like that. __________________________________________________________________________________________________________________________________________________________________ For now, we have to see for more bullish or bearish signs the next days and weeks, I consider the bullish scenario more likely with a 70 % probability and the bearish 30 %. I know that many people want to believe in the bull market continuation but we have to watch rationally and logically for technical signs to confirm this scenario. __________________________________________________________________________________________________________________________________________________________________ have a good day and good trading profit! Thanks for watching! For more market insight feel free to follow! ;) Information provided is only educational and should not be used to take action in the markets! __________________________________________________________________________________________________________________________________________________________________
COINBASE:BTCUSD
by VincePrince
17
Overall Bearish but this Fractal could save Bitcoin. __________________________________________________________________________________________________________________________________________________________________ Hello my traders, friends and family. Today I make an important analysis following coherently up my two last analyses on BTCUSD, where first I pointed out the future outcome in middle to long term of bitcoins price on the daily time-frame and as second the current price action and where we are heading on the 4-hour time-frame. If you didn't see these analyses already you can see it here: __________________________________________________________________________________________________________________________________________________________________ This analysis playing an important role to show the possible save from bitcoins bearish outcome with the fractal i found. The analysis is building a logical continuation to the recent two analyses with other indicators, so i would recommend you to see also the last two. Lets go! __________________________________________________________________________________________________________________________________________________________________ We are looking at the daily chart and as you can see in my chart there are two fractals which are marked with orange ellipses, one that already played out and another which is completing now. The fractal which already completed pulled back several times at the 20-EMA before it made an down-pull to the 7300 area, after this we have seen an massive uptrend which made almost 41.91 %. __________________________________________________________________________________________________________________________________________________________________ It is important to watch for the 20-EMA (purple) confirmation in this scenario, as the same is pretty similarly happening now, several pull-backs at the 20-EMA before going down and recovering massively. As you can see in my last analysis (4-hour chart) we are heading into resistance at the 7300 - 7400 level which is also matching with the 20-EMA. __________________________________________________________________________________________________________________________________________________________________ When this scenario plays out and we get another pull-back at the 20-EMA we will see good support between 6000 - 6300, which you can watch marked in my chart. There is also this major support line marked in black in my chart, where we will highly likely get minimum a pull-back when touched. __________________________________________________________________________________________________________________________________________________________________ Thanks all my friends. Good trading profit in december 2019 ;) Feel to support for more market insight. Information is only educational and should not be used to take action in the markets! __________________________________________________________________________________________________________________________________________________________________
BITSTAMP:BTCUSDLong
by VincePrince
17
LTCUSD - Fractals Dont Lying?! This Next Move Can Be PossibleHello traders investors and community, I detected an interesting set-up with LTCUSD which I share with you today. As you can see LTCUSD is trading in a downtrend channel with several bear-moves in the last time. Bulls are weak at this time which can change in the future but for now, bears have control over the overall structure. In my chart, you can see that LTCUSD made two triangles which broke to the downside and made sharp bear-moves. After this LTCUSD made a bear-flag which broke also to the downside. We are trading in a second possible bear-flag, the possibility for a break to the upside is given which is not very likely, most often those patterns break in the direction which price came from. When we confirm this second bear-flag and move down the target which you see in my chart marked with the blue box is intact. We have strong support in this area which can lead to a move to the upside. This formation can be traded either conservative or aggressive. The conservative approach would be when the bear-flag is confirmed, an aggressive entry would be immediate. I wouldn´t recommend the aggressive approach here because a small possibility is there for a break in the wrong direction. Always good to wait on confirmation. The information provided is only educational and should not be used to take action in markets. Feel free to comment with your opinion and support. For more market insight follow. May all luck and happiness come to you ;)
BITFINEX:LTCUSDShort
by VincePrince
17
ETHUSD - Pick up the money?! Setting up for a BIG MOVEHello traders investors and community, today I share with you my opinion on ETHUSD and what will be the next. The second-largest cryptocurrency is trading downwards in a channel, we will touch 50 and 100 EMA before falling again. We have a falling volume what is always a characteristic of market change and big moves coming. As you can see in my chart, there is support at 120 - 130 if we touch this support and get good volume and good momentum the scenario seen in my chart is likely to happen. For my point, I will open a short position in ETHUSD when coming to local resistance and touching support zone cover my SHORT and open LONG position. The actual setup is also excellent for SHORT on short to middle term because ETHUSD will highly likely fall more. The information provided is only educational and should not be used to take action in markets. Feel free to comment with your opinion and support. "I wait until the money is ready and I just have to go there to pick it up. In the meantime, I do not do anything."
BITFINEX:ETHUSDLong
by VincePrince
37
BTCUSD - Important scenario on middle-long term to watch!___________________________________________________________________________________________________________________________________________________________________ Hello, as many people giving advise when to buy bitcoin and how much can it fall before backing up there is an important scenario to watch when considering the bullish scenario. Do you really think bitcoin will back up again when falling to 4000-5000 USD?! There is not much volume in the market, a fall to 4000-5000 USD would confirm several bearish indicators and the probability of a possible bull-market continuation will fall. ___________________________________________________________________________________________________________________________________________________________________ As you can see in my chart there is an important indicator showing us when a confirmed bull and bear market is in play. It is the Thunder Cloud Suite. It confirms bull and bear markets. Also in bitcoins bull-markets the weekly close was never below the lower band of the Thunder Cloud Suite. It indicated exactly the market change with a close below the lower band in april 2014 and march 2018. ___________________________________________________________________________________________________________________________________________________________________ What is also really important and worth to look at is the major blue trend-line which you see in my chart holding bitcoin all the way up, what do you think will happen when bitcoin trades below this major blue trend-line? Right another bearish indicator confirms! There is the 50-EMA which also hold the bull-markets in the past and confirmed more downside when broke down. ___________________________________________________________________________________________________________________________________________________________________ For now we have to watch if bitcoin succedes in holding the range or if it falls more. Falling more can also happen slowly with touching support backing up and falling again as seen in the bear-market after 2017. Considering the bullish scenario the volume for an continuation is very important. ___________________________________________________________________________________________________________________________________________________________________ Thanks for watching! May all luck and happiness come to you! For more market insight feel free to support! The information provided is for educational purposes only and should not be used to take action in markets. ___________________________________________________________________________________________________________________________________________________________________
BITSTAMP:BTCUSD
by VincePrince
21
BTCUSD - More evidence for BITCOIN to go down?! _______________________________________________________________________________________________________________________________________ Hello traders investors and community. This is an update analysis on my recent SHORT analysis about BTCUSD . As you can see in my chart BTCUSD is about to form an huge head and shoulders pattern with the right shoulder about to complete. We have strong resistance above us at 12100 - 12200, when we touch this area there is a high probabilty for an next pull-back and sell-off. _______________________________________________________________________________________________________________________________________ As now the price is consolidating with declining volume and momentum, normally such a movement is shown before more decline in price. Also the psychological range above 10.000 is holding now, this is why we seen some up-moves the last days, but this will not be forever as i expect. _______________________________________________________________________________________________________________________________________ When we cant hold the range above 10.000 the price will shrink faster, as it now does with lower momentum. So be aware! This pattern can be traded with confirmation of the head and shoulders formation. _______________________________________________________________________________________________________________________________________ Thank you for watching my analysis love you all! Give some support and you will see more market insights in the future! This is only educational and should not used to take action in markets! May all happiness and luck come to you friends! _______________________________________________________________________________________________________________________________________
BITFINEX:BTCUSDShort
by VincePrince
10
BTCUSD - Ready for the storm? Trading in huge bear-flag! _______________________________________________________________________________________________________________________________________ Hello traders investors and community, there are some interesting things going on with BTCUSD which i want to explain today. We have seen BTCUSD con- solidating the last days and weeks in the range between 9000 and 13700, this would not hold on forever! As momentum and volume decreases there will be an shift in price movement, either up or down. _______________________________________________________________________________________________________________________________________ As you can see in my chart, looking on the 4-hour chart, BTCUSD is moving in a huge channel. Which i detected as a bear-flag. After we had the top at 13700 supply entered the market and BTCUSD felt down to 9200, where its consolidating now and forming a bear-flag. Those patterns are known to break in the di- rection its origin is, in this case to the downside. _______________________________________________________________________________________________________________________________________ The RSI is forming some bearish divergence, i am expacting it to touch the oversold region before we go down, also you can see that the 200 and 50 EMA for- med a bearish cross-over. The 200 EMA is important in this case because we hold it steady in the recent up-trend, you can see it was touched several times before it felt down and formed the bearish cross-over. _______________________________________________________________________________________________________________________________________ Also, you can see in my chart, the percentage price projection of the bear-flag that will be intact when we confirmed the bear-flag. Of course this pattern can also confirm to the up-side (fake bear-flag), but normally it confirms in the direction where it came from, i give the bearish scenario a probability of 75 %. In my chart you can see also the blue trend-lines in which we are trading right now, i am expecting that we will stay in this range till the bear-flag target has reached. From there we have to look and wait for more information, i would be cautios of opening LONG positions here! A possible scenario after the bear-flag target has reached would be a second bear-flag! _______________________________________________________________________________________________________________________________________ This pattern can be either traded aggressive with a immediate SHORT entry, an entry in the sell zone (neutral), or conservative with waiting on confirmation of the bear-flag. I prefer the second and third scenario with waiting on confirmation of the bear-flag! I will look for a possible entry in the sell-zone and will add to position in the conservative entry-zone when the bear-flag has confirmed. _______________________________________________________________________________________________________________________________________ I hope everybody enjoyed my view! May all happiness and luck come to you! Feel free to give a follow or like to support my further analysis! This information is only educational and should not be used to take action in the markets! _______________________________________________________________________________________________________________________________________
BITFINEX:BTCUSDShort
by VincePrince
9
EOSUSD - Target reached and profit taken! What comes next?!_______________________________________________________________________________________________________________________________________ Hello traders investors and community. This is an update analysis on my recent SHORT analysis about EOSUSD. The pattern we see here looks pretty similar to the one i detected with LTCUSD, when you didnt seen it yet you can look on my profile. _______________________________________________________________________________________________________________________________________ EOSUSD reached my target which you can see in the chart marked with the red dashed trendline, this was my minimum target for the SHORT trade! Everybody who traded this should be happy now, i already took profit! _______________________________________________________________________________________________________________________________________ Now the market sentiment has changed! We are facing a possible reversal to the upside with EOSUSD here, as you can see it is trading between the 3.5 and 4.26 range. The recent support at 4.26 is now resistance. _______________________________________________________________________________________________________________________________________ Now i am looking on two possible scenarios, the first scenario is an correction to the 3.7 range as marked in my chart, the second scenario would be a break-out to the upside above the 4.26 range, this would be the point where many traders would set there LONG positions and stop out SHORTS. When we break to the upside without correction in the actual range EOSUSD will confirm the 4.26 (red dashed trendline) after the break-out. _______________________________________________________________________________________________________________________________________ The RSI shows a oversold condition which you can see with the green rectangle in my chart, also we see a possible EMA crossover happening the next time! These are two indicators which confirming an reversal at the moment. _______________________________________________________________________________________________________________________________________ All signs seen in my chart and analysis seem positive for an reversal to the upside, but we have to wait on confirmation and dont rush emotionally in a trade! Either confirmation will happen with a correction in the range or a break-out to the upside, these scenarios will be good opportunitys to trade EOSUSD on the LONG side. Possible targets after a confirmation would be the blue trend-line. Otherwise when we can not hold the range between 3.5 and 4.26 there is a high probabilty that it will fall more. _______________________________________________________________________________________________________________________________________ Okay i hope you enjoyed this analysis! All information is only for educational purpose and should not be used to take action in the markets! May all happiness and luck come to you folks! See you soon! _______________________________________________________________________________________________________________________________________
KRAKEN:EOSUSDLong
by VincePrince
12
CRYPTOMARKETCAP-What to expect from the next months?!______________________________________________________________________________________________________________________________________________ Hello traders, investors and community! There is an interesting and exciting pattern which i want discuss with you. The cryptocurrency market is in a rise right now but what can we expect from the next months/year?! We are looking on the daily chart of the Crypto total marketcap, i have taken the wick and last volume line from the chart to have a better view on things happening in the chart and the formation in progress. As i told already in later analysis there is an correction expected coming up the next weeks. After retest of the 368 billion level i am expecting a pull-back from that level. ______________________________________________________________________________________________________________________________________________ In my chart you can see an huge inverted head and shoulder formation forming marked with grey arrows and light greene curves. There is a high potential for the right shoulder to form in the next months with the expected correction, you can see the support level between 200 - 230 billion marked with green trendlines, this is an important level because we had several bounces at this level in the past! Be aware, when we cant hold this level and confirm it as support there is a scenario in which the cryptomarket can turn to the downside. So it is an important level to watch at, when we cant hold the 175 to 200 billion range i see not mutch support below! But however, this is not the scenario i am expecting. After the correction to 200 - 230 billion i am expecting a consolidation in this area and an new uptrend forming from there you can see it in my chart marked with the light green curve. When this scenario kicks in and we can move above the blue trend line marking the neckline of the head and shoulder formation i see 1.2 to 1.3 TRILLION in the future! BUT this must be with good volume and a bullish candle or an bullish candlestick formation with good momentum friends. There is a target in my chart which is then expected and to look at! ______________________________________________________________________________________________________________________________________________ Thank you everybody for watching traders, i hope you enjoyed, i will update later, follow for more insight information! May all the happines and luck come to you! Peace. ______________________________________________________________________________________________________________________________________________
CRYPTOCAP:TOTALLong
by VincePrince
2
The S&P 500, Potential Top-Retest Incoming!Hello Community, the year of 2022 is coming to an end and the markets are showing important developments that are necessary to consider when moving forward into 2023 out of a trading and investing perspective. Therefore a main stock index like the S&P 500 is showing us crucial signs on what to expect in the financial markets within 2023. In this case, I have detected major technical factors that will alter the whole interface of the market in the next time. When considering these dynamics it has to be mentioned that the inflation which peaked within the last month has calmed down and is decreasing more, if this dynamic holds on there is a higher likelihood possibility that positive sentiments will have a solid potential to accelerate within the market. As when looking at my chart now, from a technical perspective, we can watch where the index is building this main descending channel formation which is a crucial formation to confirm the trend direction of the underlying asset. Within this formation, the index is also developing a coherent wave count with the waves A to D already completed and a descending wedge formation is also about to complete once the wave count is coming to the end-stages and finalizes the wave E within the count. If the index shows up with the ability to complete the formation and increase volatility finally leading to a breakout above the upper boundary of the channel this will show the setup for the index to test the highs lastly seen in January 2022 again. Once the index reaches these levels it will be crucial if it will be confirmed as resistance or if the index has the ability to breakout above, either way, will lead to further considerations to be made and in the bigger picture to a bull flag or a double top for the index to be formed. In this manner, thank you everybody for watching. Let's move forward together. The information provided is only educational and should not be used to take action in the markets.
AMEX:SPY
by VincePrince
7
CADUSD, Possible FLAG-FORMATION In The MAKING!Hello, Welcome to this analysis about CADUSD on the daily timeframe perspectives. As when looking at my chart we can watch there that CADUSD already initiated a bearish development with the first impulse wave A into the bearish direction. From there on CADUSD showed up with this channel-formation in which it is also forming a local wave-count which is actually building the global wave B of the wave-count to the downside. As CADUSD now heavily pulled back off the upper boundary of the channel formation and already forms the pullbacks below the 400- as well as 800-EMA there is a high possibility given that the whole channel-formation will be completed as a bear-flag if CADUSD moves finally below the lower boundary of the channel and shows up with a similar confirmation-formation as it is seen in my chart. Once the whole channel-formation has been completed as a bear-flag it will activate the lower target zones seen in my chart, once these have been reached the situation needs to be elevated again, it will be an interesting development. In this manner, thank you for watching the analysis, 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.
by VincePrince
5
WARNING: THIS WILL FINISH THE EURO IN THE TIMES TO COME!!!Hello, Welcome to this analysis about the EURUSD and the weekly timeframe perspectives. In recent times many geopolitical and economical events are unfolding and it is no wonder that the EURUSD declines move further. When considering the situation of the Euro it needs to be stated that there are factors contributing to the fact that the Euro is weakened such as a decrease in globalization causing the countries that are using the Euro to come back to do not have the full global functional benefits that are coming from a globalized economy and the role of the Euro within it. Besides that, the supply chains and real economy is still battered by the Corona Virus as well as geopolitical tensions unfold causing a lack in production. Increased inflation also in the Euro area causing the purchasing power of the Euro to diminish. These are the fundamental factors that are making a further continuation of the established downtrend likely. Furthermore from a technical perspective, the Euro is developing this gigantic bearish pennant formation which is actually right now completing with the breakout below the lower boundary and the formation that is forming below this level. Taking this into consideration it is a setup for the Euro to show up with bearish movements in the next months and years. A level of 1 Euro for 1 U.S.-Dollar will be highly likely when not further below this level. In any case, it is necessary to be aware of the situation and not keep it from the desk with appropriately preparing for these upcoming volatility establishments, it will be a crucial development. In this manner, thank you for watching the analysis, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
15
THE S&P 500, THE BEARISH ENCOUNTERS ARENT OVER YET!!!Hello, Welcome to this analysis of the S&P 500 from the daily timeframe perspective. Since the S&P 500 showed up with heavy pullbacks from its top established in January 2022 the financial markets are in a shock and asking where the S&P 500 will move next and if the bearish declines are over yet or there is more to come. When looking at the economical situation the world population needs to admit that we are still in an uncertain situation with the economy damaged by the Corona Virus pandemic way not recovered and where it was before the pandemic. Besides that, the disruption of Supply Chains is going on and is increasing because of the geopolitical conflict situations. Furthermore, there is accelerated inflation and central banks are trying to catch the train too late to tackle inflation by increasing the interest rates. When looking at the technical side of the situation it needs to be stated that it is in line with the fundamental side as when looking at my chart the S&P 500 is building this main descending channel with a wave-count within and the wave B forming the bear flag within this wave count. When the S&P 500 now moves below the lower boundary of the flag this will be the setup for wave C and continuation in this direction. If the bear flag completes this will activate the target zone as seen in my chart and from there on the situation needs to be assessed again. In any case, for now, we should not underestimate the bearish scenario here and be prepared for upcoming volatilities, it will be a crucial development ahead. In this manner, thank you for watching the analysis, all the best! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the markets.
SP:SPX
by VincePrince
9