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BITCOIN, Develops GIGANTIC Broadening-Wedge-Formation!Hello, Welcome to this analysis about Bitcoin and the 12-hour timeframe perspectives. In recent times Bitcoin developed a highly decisive structure in which it increased with volatility moves in the whole development and is now as I discovered is forming a highly decisive formation that will lie ground for the upcoming determinations in a profound manner. We have seen a lot of mixed news within recent times from Bitcoin-ETFs getting final approval by authorities which are more bullish signs to regulatory pressure that keeps accelerating which are more bearish signs, in this case now it is highly necessary to also look at the technical side of things and to derive the appropriate determinations of it which I am doing now in this analysis. As when looking at my chart now we can watch there how Bitcoin is building this massive ascending-broadening-wedge-formation with the boundaries marked in black and the coherent wave-count within the formation which already completed the waves A to C in the structure, the next wave D is now about to complete and when this wave has been completed within the lower-boundary of the broadening-wedge-formation there is a high possibility given that Bitcoin shows up with the wave-E from this point which will be marked when Bitcoin appropriately bounces within the lower-boundary and the 200-EMA lying there marked in red, once this final wave-E has emerged it will be decisive on how it continues from thereon. Taking these factors into the consideration with the expected wave-E to emerge and to finalize the whole wave-count will be determined on how Bitcoin continues with the wave-E and how it manages to break out above the upper-boundary of the wedge-formation, when this breakout happens with a strong bullish move and Bitcoin manages to stay above the upper-boundary it will show the final setup for further continuations and the setup for a wave-E-extension to the upside, when all these great developments happen Bitcoin will activate the upper-target-zone marked in blue as a target and once this zone has been reached the situation needs to be elevated anew, it will be an important development ahead. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "Good fortune is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
61
BITCOIN, Develops Decisive DIAMOND-BOTTOM-FORMATION!Hello, Welcome to this analysis about Bitcoin, we are looking at the 4-hour timeframe perspectives. Since Bitcoin recently heavily increased with bearish price-action to the downside after marking the all-time-high at the 69.000 USD level and pulling back into the range it continued further to the downside till it now recently approached the remaining 55.500 USD level where it initially bounced and is now forming an interesting formation in this whole structure which I spotted and which will be decisive in the upcoming times, therefore, I discovered all the important levels, structural developments and upcoming determinations we need to consider with Bitcoin in this established structure and the upcoming movements ahead of the next times. As when looking at my chart now we can watch there how Bitcoin is forming this main diamond-bottom-formation marked in the orange box. Besides that we can see there that Bitcoin already bounced within the 500-EMA in red and also confirmed this ascending-trend-line marked in dashed grey as appropriate support. As Bitcoin continued now with the bouncing in this zone and setting up of the diamond-bottom-formation it is forming a wave-count within this formation in which it already completed the waves A to C in the structure with the waves D and E remaining now, therefore, when Bitcoin finally completes this whole pattern it will be the origin of a great bounce to the upside which will be confirmed with a breakout above the upper-boundaries. Taking all these factors into the consideration it will be now important on how Bitcoin moves on further and how it potentially completes this whole structure, therefore it is necessary that Bitcoin rightly shows up with the bounce above the upper-boundary of this whole constellation, when this happens the upper target-zone at the 64500 USD marked in blue will be activated, once this target-zone has been reached it has to be elevated how Bitcoin continues from there and if there comes a bullish continuation or Bitcoin firstly reverses to test lower levels and form the next formation in this case, therefore, for now, we will see how these developments move on further and if Bitcoin manages to complete this whole formation rightly in the schedule, it will be an interesting development. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "Great fortune is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
40
BITCOIN, This PATTERN Can Be Origin To 87K TARGET-PROJECTION!Bitcoin in recent times showed up with bearish breakdowns to the downside as expected and increased heavily with bearishness, it was a great condition for us to achieve profits appropriately on the short-side within the Elite VIP Channels. From the fundamental news perspective we have seen several different and mixed news such as El Salvador looking to build a Bitcoin-city or the first Bitcoin-ETF emerging which are more bullish-sided news to news such as Sweden to ban crypto mining or further regulatory pressures on Bitcoin and Cryptocurrency which are more bearish-sided news, overall the bearish sentiment overweighted especially with the manipulations going on by the big players and smart money market makers as already mentioned. Nevertheless now as Bitcoin showed up with these bearish alignments there is an important pattern forming that I discovered which when completed can catapult Bitcoin into exponentially high spheres and bullish volatility conditions, therefore I discovered all the important levels and upcoming determinations. Looking at my chart we can watch there how Bitcoin is now forming a second time a very decisive pattern which is the breakdown below the EMA-structure below which it is now attempting to form a similar triangle as already seen before, the last times Bitcoin did so this was the origin of a strong bullish breakout above the EMA-structure and a continuation to the upside with bullish volatilities to finally reach out the 1.618 Fibonacci-projection. Such a same pattern is forming now as well and when Bitcoin manages to breakout above the EMA-structure in a volatile manner the pattern has a high likelihood to show up similarly again. What is also different in this case is the RSI-triple-bottom-structure and the stochastic-RSI-double-bottom-structure forming, an appropriate bounce would complete the triple-bottom in the RSI and the double-bottom in the stochastic-RSI which will be an extra bullish confirmation for the further volatility developments ahead of the next times, in this case, it will be an interesting development on how these conditions move forward. Now, when looking at the facts we can see here there is the potential for Bitcoin to start a considerable bull-run when this whole pattern completes however what is highly important here is that Bitcoin needs to right finish this pattern with a SOLID bounce because otherwise, such a pattern can also invalidate again, this is always necessary for any contemplation in the markets, we are always trading what we SEE not what we THINK, we do not overspeculate the market into a one-sighted direction this means we have an outlook into the possible scenarios in the market without just preferring one direction, at least this is the approach for us in the Elite VIP Channels. In this case when Bitcoin completes this whole structure which has a high likelihood given now this will bring the fuel for Bitcoin to continue and activate the 87150 USD zone as a target-zone. For now, we need to keep patient and see how this whole pattern possibly completes before jumping to further conclusions, it will be an interesting development ahead.
by VincePrince
33
BITCOIN (BTCUSD) – Week 47 – Is the correction over?In the last week Bitcoin made the bigger correction that we were expecting. For the next week we see 2 scenarios happening. The first one is a corrective move up to the resistance area and another move to the downside that will retest the support area at $53k and the second scenario is a move upside to the blue trendline marked on the chart. If the price breaks the trendline and consolidates above we have a very high probability of breaking the previous top. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
BITSTAMP:BTCUSD
by financialflagship
BTC, Potential To Complete This FLAG-FORMATION-FRACTAL Anew!Hello, Welcome to this analysis about Bitcoin, we are looking at the 12-hour timeframe perspectives. In the recent times since Bitcoin formed this major decisive bear-trap above the all-time-high and we have seen the rigged-bitcoin-dynamics Bitcoin pull back as expected and continue bearishly to the downside increasing with heavy bearish volatility. This was a great determination for us in the Elite VIP channels to achieve some great profits on the short-side not only with Bitcoin and Ethereum but also with other important cryptocurrencies. Nevertheless, in this current dynamic, I discovered an important structure forming for Bitcoin that actually has pivotal similarities with the previous fractal forming, therefore I detected all the important levels and upcoming determinations we need to consider in this case. As when looking at my chart we can watch there how Bitcoin is trading within this huge massive ascending-channel-formation and bouncing off the lower- and upper boundaries. Besides that Bitcoin already previously completed this main bull-flag-formation-fractal once in the structure with the central elements forming within the formation and the main ABC-wave-count forming within to pull back off the 45-EMA and the 50% Fibonacci-retracement before the final bounce in the structure and breakout above the upper-boundary of the bull-flag-fractal-formation could occur with Bitcoin actually pushing forward to main higher levels in the structure, such a very similar fractal is forming now in the structure with the wave A almost completed and the further wave B and C to follow up. Taking all these factors into the consideration now it will be highly decisive on how Bitcoin continues further here, therefore, when the wave-count continues to develop with the wave-B and wave-C remaining exactly like in the first fractal it will be decisive on how Bitcoin approaches the main support-cluster marked in orange in my chart. If Bitcoin manages to bounce in this main support-cluster and continue bullishly to form a breakout above the upper-boundary of the bull-flag-formation-fractal this will be the origin for further bullish continuations with Bitcoin having the ability to reach out higher levels, however, in this current situation we need to keep patient and await the final completion-steps before the final conclusions can be made, in this manner, it will be an important development ahead. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "Great fortune is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
24
Crypto break before ATHCAPITALCOM:CIX So we did get a double top, and a swift in the momentum, to the upside. If we take a look at the ATR for each day, we can clearly see that the last 3 days (red dots) we did close red, but also the ATR, did increase, and that kinda intresstring... What we also can see, is that we got a swing to the upside for 28,63 %, if we look at the (swing number one) that was an 28,28% swing, after that we got a downswing for 21,95 %, and after that 12 days consolidation, before going even lower. Will we find support at the green box, consolidate for some days, and get a new swing low, before moving up to ATH?
C
by McbmMM
BTC BREAK OUT EXTRIMELY BULLISH BTC broke out retesting the $61.8k support the lower support levels are $61.8k and $60.8k Buying BTC on these levels will be a smart idea . The price must bounce from any of these three Level's and rally to $70k+ Once we break that from $60.8K - $61.8k - $64.8k level in weekly BTC could break $70.8k easily. All we need is more volume . CAUTION:- It is also important to keep booking profits on your trades since the market is at extreme greed. I'll keep posting updates on this one. Do hit the like button if you want me to post more updates on this. Stay tuned NiMNIM
Long
by nimamf56
4
BITCOIN, In Decisive ASCENDING-CHANNEL, Main Scenarios!Hello, Welcome to this technical-analysis about Bitcoin, we are looking at the 4-hour timeframe perspectives. As mentioned in the previous analysis about Bitcoin we have seen increased rigged Bitcoin activities with Smart-Money-Market-Maker-Operators trapping innocent participants to go long while pushing the prices to the downside, this is what happened now and Bitcoin reversed in the structure increased with bearish determinations and moving into previous supports giving the market makers the ability to accumulate further. Now Bitcoin as I discovered is forming a decisive structure from where further conclusions either to the up or downside will be made, in this case, it is always necessary to wait for the proper confirmations before rushing into one direction, in this manner I discovered the important structural levels, upcoming determinations and scenario-possibilities we need to consider here. As when looking at my chart we can watch there how Bitcoin is forming this massive ascending-channel-formation in the structure, after Bitcoin showed up with the bull-trap and the fakeout zone above the previous all-time-high Bitcoin heavily pulled back increasing with bearishness and testing the lower boundary of this major channel-formation where Bitcoin now firstly bounced and moved into the remaining resistance marked in my chart within the 66060 USD level in black where Bitcoin has still an important resistance. Currently the bearish scenario has a slightly higher possibility which will happen when Bitcoin pulls back and continues bearishly to breakout below the lower boundary, when this first confirmational move happens this will actually increase the bearish possibility to 65% and there is a higher likelihood in this case for Bitcoin to continuing bearishly. The reverse perspective would be the bearish scenario with Bitcoin managing to breakout above the upper-resistance at 66060 USD and setting up on it to continue with bullish determinations to the upside. In this case when Bitcoin increases with bullish volatility and bouncings in the structure such scenarios will increase the possibility for the bullish scenario to show up with. Taking both perspectives into the consideration it is highly necessary to await the proper confirmations before moving into the final direction as both possibilities can change although the bearish one has a higher potential. If the bearish possibility should complete which happens with a breakout below the lower boundary Bitcoin will likely continue to the target-zones down the line at 58200 USD where the whole developments need to be assessed again, for now we will see how these suggested scenarios come around with. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
32
BITCOIN (BTCUSD) – Week 46 – Is the trendline holding?MicroStrategy founder and CEO Michael Saylor believes that Bitcoin (BTC) will continue to become more and more valuable if governments around the world continue with inflationary fiscal policies. In a new interview with CNBC TechCheck host Deirdre Bosa, Saylor explains that he thinks the flagship cryptocurrency will go up forever due to its capped supply, which cannot increase regardless of demand and price. He also says there is a correlation between the price of Bitcoin going up while inflation causes the value of traditional currencies to decline. Following a series of delays, the U.S. Securities and Exchange Commission today rejected investment firm VanEck's application to launch an exchange-traded fund that directly tracks the price of Bitcoin. In its ruling, the SEC again cited concerns that the Bitcoin spot market is prone to "fraud and manipulation." To date, the Commission has only allowed Bitcoin ETFs linked to futures, contracts that bet on the future price of Bitcoin and which are regulated by the CFTC, to move forward. Technically, Bitcoin is in a consolidation phase that is preparing the next move to the upside. One price target that we are looking for a potential reversal is the orange trendline marked on the chart. If this trendline is broken the price may reach the support area marked on the chart before reversing to the upside. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
BITSTAMP:BTCUSDLong
by financialflagship
1
THE RIGGED BITCOIN, PRICE-MANIPULATION UNVEILED!!!In recent times Bitcoin is showing unusual price-action as more and more banks and market makers wanting to have their stake in Bitcoin there develops abnormal price-action that should not be kept from the desk, in this case, it is necessary to be aware of such rigged price-developments and look out on what can happen in this case to not kept caught by surprised when these volatilities moving into the market. In this current situation with Bitcoin, I detected the underlying developments Bitcoin is forming and what can be derived of it, normally as Bitcoin made the new all-time-highs a continuation to the upside should follow as this is the case with proper developments however instead Bitcoin is showing signs that this continuation will firstly wait because the new all-time-high develops and a pullback back into the range happens, in this case, we can see footsteps of market makers and smart money operating in the market as Bitcoin gains more public and mainstream attraction this accelerates profoundly. Looking at my chart we can watch there the previous all-time-high which has been established on a global basis at around the 67100 USD level from where Bitcoin pulled back and reversed, we can see a similar movement going on now just on the more local terms. As it is marked in my chart with the blue box this is the zone where people rushing into the market actually getting trapped as market makers and smart money buying extensively within the 66000 to 66500 USD range marked in my chart in orange to push the prices higher and getting innocent participants to move into the market after this has been done the market is pulling back as take profits are realized from where the Bitcoin tests firstly the previous supports and when they do not hold break below them and continue to a place where market makers and smart money accumulate anew. This was the case with the previous price-action above the all-time-high already and is now happening currently similarly. Taking this into account if the pattern prevails the next accumulation for market makers and the smart money to accumulate again is between the 63400 and 64q00 USD range. In combination of this we can expect such pattern developments to increase within the next times and in this current case we need to keep patient and await what is coming around with Bitcoin rather than just rushing into the market. The news perspectives with Bitcoin and technological advancements are quite positive however when looking at the technical side of things this rigged development is omnipresent and this is where the gap between fundamentals and price-action happens. In a long term basis Bitcoin has still strong and solid fundamentals however on this short-to-middle-term-basis these conditions should not be kept from the desk and especially as traders in the market it is important to be aware of it. Because of the public attention accelerating and more and more bigger classical economy participants getting aware of Bitcoin there is a underlying possibility given that such furnished price-actions can hold on and even get stronger. Technically speaking it will now be crucial how Bitcoin continues here, if the breakout below the stop-loss-out-zone shows up this will actually complete the pattern on this local basis similarly as we have seen before, then it will be central on to elevate how Bitcoin approaches this set-up accumulation phase where smart money and market makers looking to move in again.
BYBIT:BTCUSD.P
by VincePrince
120
BITCOIN, Decisive CHANNEL-FORMATION, Important Determinations!Hello, Welcome to this analysis about Bitcoin and the daily timeframe perspectives. In recent times major developments happened in the Bitcoin field as volume and other fundamental indicators increased showing an overall positive long-term-sentiment and other news such as the broader acceptance of Bitcoin taking place however on the other side Bitcoin is still in a decisive position as it did not yet continue to print several new highs after the pullbacks of the new all-time-high developed. In this case, there are two main scenarios that I discovered important to consider, each of these will alter the bitcoin destinies in a diverging manner, in this case, it is necessary to elevate which one of these Bitcoin comes around with before continuing with further conclusions. As when looking at my chart we can watch there how Bitcoin in very recent times managed to bounce several times from the 20-EMA marked in green to the upside and has formed this massive ascending-channel-formation with the boundaries in blue, within this channel-formation Bitcoin already once completed this bullish-EMA-bounce with the 20-EMA not touching and bouncing of above the 100-EMA in black, this means that the overall trend is still up however Bitcoin is now struggling to maintain a proper breakout out of the range into a new all-time-high this is why a pullback here should not be kept from the side especially when Bitcoin firstly reverses from the level as it is seen in my chart a continuation of the pullback should be considered. Taking these factors into the consideration if Bitcoin should continue with this determination as suggested it will be highly central on how Bitcoin actually approaches the main support in this whole structure marked in my chart in blue between the 52450 and 55250 USD level. If Bitcoin manages to bounce sufficiently in this region there is the potential given for a breakout into the new all-time-high region and development of the wave E in this massive wave-count. However when this does not happen and Bitcoin closes below the support it will mark the bearish continuation to the downside and will be the origin of the main impulse downward, these are the paramount scenarios to elevate here. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
16
BITCOIN (BTCUSD) – Week 45 – Correction before the upsideToday the mayor of Tampa, Florida implied (and later appeared to confirm) on Twitter that she would be open to receiving pay in Bitcoin. The news first began to circulate this morning on Twitter and appeared to derive from comments the mayor made this morning at a conference. Mayor Castor joins other local politicians, including Miami Mayor Francis Suarez and New York City Mayor-Elect Eric Adams, who have said they are willing to be paid in the cryptocurrency. Bitcoin is considered historically undervalued according to the Glassnode Network Value to Transactions Signal indicator, which is now significantly lower than in January this year. The most recent spike in value settlement took place back in May. Currently, the Value Settlement is staying below the value of 25, which is considered "undervalued." The low ratio indicates that the market cap is significantly higher than the transactional volume in U.S. dollars. Technically, Bitcoin is making a more complex correction in this area and has a good probability for the price to drop to the support area of $56k. After that we see a continuation of the uptrend. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
BITSTAMP:BTCUSDLong
by financialflagship
3
BITCOIN, This MAJOR H-S-FORMATION Recently COMPLETED!!Hello, Welcome to this analysis about Bitcoin and the 4-hour timeframe perspectives. Bitcoin on the 4-hour chart recently showed up with this heavy increased bullishness candlestick to the upside shooting above important resistances in the structure which are now support. Not only these technical developments established but also fundamentally there are news that are showing the Bitcoin network is moving forward and technical adoption of Bitcoin is taking place such as Bitcoin ETFs getting approved and the major grayscale Bitcoin investment fund should be converted into a Bitcoin ETF. Therefore I detected all the important levels and upcoming determinations we need to consider in these current determinations. As when looking at my chart we can watch there how Bitcoin made the breakout above the 63.000 USD region and increased with bullish encounters above especially after it bounced off the point-of-control-line marked in red by the volume profile. What is mainly important in this whole structure is the massive decisive inverse head-shoulder-formation Bitcoin has formed on the 4-hour timeframe perspectives that is now fully completed with the breakout above the neckline. Therefore Bitcoin now has activated the upside-targets at the 66.500 USD level marked in blue in my chart, once these targets has been reached it has to be elevated how Bitcoin reacts to these and if this is done in a strongly bullish manner because when this happens and Bitcoin after that stays in this area there can come a further setup from where Bitcoin has abilities to build up and when this happens with Bitcoin breaking out into the new all-time-high this will lead to the bullish continuation as Bitcoin will be in the bullish-continuation-zone marked in my chart in green, this will also lead to a wave-E-development, it will be an interesting journey ahead. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "Great fortune is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
18
BITCOIN, Decisive BROADENING-WEDGE Develops, Important Levels!Hello, Welcome to this analysis about Bitcoin and the 4-hour timeframe perspectives. In recent times Bitcoin has shown up with important volatile movements in the structure and when considering the fundamental news they are equally volatile reaching from bullish developments such as the Bitcoin ETFs finally approving to bearish determinations such as regulatory issues taking place and accelerating. In this case, now I discovered the main formation Bitcoin is forming that will be a pivotal driver of the upcoming determinations, especially when it completes it will be an origin of a strong breakout and increased volatility, therefore, I discovered all the central developments, structural formations, and upcoming determinations. As when looking at my chart now we can watch there how Bitcoin is recently testing the 20-EMA in green and the 65-EMA in red again below which Bitcoin already pulled back several times previously. Besides that we can see the major formation forming here that I have marked with the blue boundaries, which is a massive broadening-wedge-formation with the coherent wave-count in the wedge and the waves A to D almost already completed. As Bitcoin is now about to finish the wave D in the structure there is an important head-and-shoulder-formation forming with the end of this wave D. In the next times it is likely that this head-and-shoulder-formation completes and points to the origin of the wave E that finalizes the whole wave-count. Taking all these factors into the consideration now we should be prepared for upcoming bearish encounters especially when this head-and-shoulder-formation completes in the structure and Bitcoin moves on with the bearish determinations this will lead to the testing of the lower support levels that can convert into an appropriate back-up-zone when Bitcoin manages to bounce within as the whole wave-count has been completed then. Once this happened and Bitcoin manages to continue with a bullish demand increase this can lead to the completion of this whole formation when Bitcoin closes above the upper boundary activating further bullish continuations and upside-targets. For now, we should not keep the immediate short-term bearish-determinations from the desk to be prepared on it and look on how Bitcoin approaches the main targets to move on with the suggested development further, it will be a crucial determination. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
23
BITCOIN (BTCUSD) – Week 44 – To the moon!MicroStrategy has revealed that it bought additional 9,000 units of Bitcoin during the third quarter of the year, bringing the worth of its holdings to around $7 billion. According to the company’s Q3 report released on October 28, the intelligence firm holds a total of 114,042 Bitcoin at an average purchase price of $27,713, which roughly translates to over $3 billion. However, if its holdings are converted to the current price of the crypto king, which as of press time is above $60k, it means the worth of its BTC holding would be around $7 billion, meaning the company would make a profit of close to $4 billion if it chooses to sell its BTC. Voyager Digital, a crypto trading broker, has entered into a five-year partnership with the NBA’s Dallas Mavericks, becoming the team’s first crypto brokerage and international partner. As part of the deal, Voyager and the Dallas Mavericks will work together via educational and community programs, as well as fan engagement promotions, to make cryptocurrency more accessible to a wider audience. The partnership also includes naming rights to the Mavs Gaming Hub, which is the official gaming and event venue for the Mavs NBA 2k League team. Details about this will be “announced at a later date,” according to the press release. Technically, Bitcoin made a correction at this price zone as we were expecting and wrote about in the previous weekly reports. For this week, we give a high probability for this correction to be over and we expect a continuation to the upside. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
BITSTAMP:BTCUSDLong
by financialflagship
3
BTC, Huge Global ASCENDING-WEDGE Indicates DECADE-REVERSAL!Hello, Welcome to this analysis about Bitcoin, we are looking at the global 4-day timeframe perspectives. In recent years Bitcoin established an ongoing bull-market with continuations of higher highs in the structure, Bitcoin even managed to recover from the heavy corona-crash-breakdowns we have seen by March 2021 in a profound and unforeseeable manner. Nevertheless, we should not underestimate the continuous threats that Bitcoin needs to defend against, from the regulatory insanity that many governments want to push through to the constant disinformation campaigns against Bitcoin, therefore although Bitcoin managed to continue with higher highs in the past we should not keep a bearish perspective out of sight especially as indications are showing it as I recently developed, therefore, in this analysis I look realistically on this situation and what we should expect in the upcoming times with the crucial developments. As when looking at my chart we can see there how Bitcoin is since it moved on with higher highs and the bull-market that had its origins in the 2018 bear-market-bottom is now forming this massive ascending-wedge-formation with the coherent wave-count in the formation and the waves A to D almost completed. Now as Bitcoin bounced in the lower-boundary matching with the 15-EMA in green and the 65-EMA in red again this is the origin of the wave E to the upside which will finalize the whole wave-count and complete this paramount formation when Bitcoin moves into the upper confirmed cup-and-handle-target-zone this is likely to result in a pull-back also because of this overbought condition which will be omnipresent then. Besides that, a crucial development is also seen with the MACD which is actually forming a bearish-divergence as the price-action formed higher highs and the MACD lower highs. Taking all these factors into account here we should in any case do not keep the bearish perspective out of sight and be prepared on potential upcoming volatilities which will lead to Bitcoin reaching out to the target-zone from where the situation needs to be elevated anew. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
56
BITCOIN; BEARISH PRESSURE Completed Formation, CONCLUSIONS NOW!Hello, Welcome to this update-analysis about Bitcoin and the 4-hour timeframe perspectives. In the recent times regulatory pressure on Bitcoin increased again and this manifested in real-time-price-action with bearish-pressure to the downside so Bitcoin moved on to completed this whole head-and-shoulder-formation bearishly to the downside increasing below the neckline. With the completion of this formation to the downside, Bitcoin is now in a precarious situation, although it is likely that Bitcoin firstly bounces here there are important resistances within the structure determined by the neckline marked in blue, the red resistance point-of-control line of the volume-profile marked in red, the descending-resistance-line marked in dashed red as well as the 65-EMA in red and the 45-EMA in green. Taking all these factors into the consideration there is an increased possibility given that when Bitcoin moves into these major resistances a rejection will happen from where Bitcoin will continue bearishly to the downside. Also Bitcoin with the completion of this formation activated the lower target-zone marked in blue which will be appointed then. Once Bitcoin reached out to this zone it has to be elevated how it continues from there and if there comes a possible reversal or not. In any case, the bearish scenario should not be kept from the desk here and we need to be prepared for it. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
20