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Bitcoin-trading

Bitcoin, Moving As Forecasted, The Triangle Gets Narrower!Hello, Traders Investors And Community, welcome to this update-analysis about bitcoins current situation. As I already pointed out in recent analysis about the locally price-picture of bitcoin is that it is trading in an overall triangle with the outstanding third touch of the higher boundary and third touch of the lower boundary awaiting, this scenario has confirmed now properly as forecasted in the analysis, I recommend that you watch it to have a full-depth-overview about the current situation, what is new now is that there added some more signs which will determine bitcoins further outcome especially when taking it into comparison to the rest of the cryptocurrency-market like ethereum or cardano which showing some good bullish signs and already made higher highs, therefore we are looking at the locally 4-hour timeframe. Triangular Formations Forecast (4-Hour Timeframe): As we can see now bitcoin confirmed the second touch of the lower boundary and the third touch of the higher boundary as expected, therefore we are approaching the still important resistance in the structure at the 9550 upper boundary level this can indicate a pull-back lower to confirm the lower boundary of the triangle a third time. At the moment this does not necessarily happen as it is also possible that we will move above the triangle and confirm it but the pull-back scenario increases as we are facing important resistance in the structure. When this pull-back confirms properly we can expect bitcoin to find support at the strong confluence cluster at the lower boundary and the 200-EMA which you see marked in my chart in orange, when this happens we will get stabilization in price here. Overall we can anticipate that the triangle gets narrower and narrower now and that we will see a breakout sooner or later, considering all the new factors which added into the whole picture now a bullish breakout is more likely as we have some good support sings and other major cryptocurrencies like ethereum already broke to the upside, that does not necessarily mean that bitcoin will follow but it is an indication for a follow-up in price-action. Remember that this has to be confirmed with a clear break of the higher boundary including good volatility otherwise when we confirm below the lower boundary it will show in bearish price-action, when this plays out the 8130 level needs to be held when considering the bullish continuation further. The triangle can be traded after confirmation when crossing the boundary with the necessary volatile action, an aggressive approach will be directly after this confirmation happened, the more conservative approach will be after the boundary confirmed when we saw the breakout, this will be the more precise and wiser process after such a mechanism. This breakout can be traded in either direction after the proper scenario confirmed rightly it will show a good opportunity with an exceptional risk-reward. There are many people calling for the complete moon but this is merely speculative at the moment, we need to stick to the logical observation, therefore we can be prepared when markets move in the most possible direction like in this case with bitcoin. In this manner, thank you, everybody, for watching, support for more market insight, and a good weekend! Even though destiny seems obscure in the present, it is actually beginning right now. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
22
Bitcoin, Expected Price-Recognition, Next Level Going To Proof!Hello Traders Investors And Community, welcome to this update-analysis about bitcoin price-action and what we can expect further, currently the price bounced at the main lower range support exactly as predicted in my previous analysis, it shows one more time that technical analysis is a science that can work well when applied right. In the prior two analyses about bitcoins price-action in the locally 4-hour time-frame, I exactly forecasted the price-action we have seen now, as I mentioned we need to take out the resistance at 8800 before it is in the possible spectrum that we can go and test the falling red trend-line. Furthermore, there was the pull-back from the trend-line awaited which happened now, and as awaited we bounced from the lower range support now. If you did not see this analysis, I highly recommend that you watch them to have a full-depth-overview. Forecast Break Of Resistance And Test Of Falling: Pulling Back Awaited: At the moment we are still trading below the important falling red trend-line which I already mentioned and is significant in the current structure. The price is building a small consolidation here between the falling red trend-line and the 50-EMA you can see in orange at my chart, this overall smaller consolidation can be mentioned as a triangle which will break to the up or downside, the overall fact that bitcoin is still in an up-trend here makes it clearer that the possibility is higher that we will break to the upside because we have good a good support-level at the 50-EMA and the lower range support you can see in my chart overall this has to be confirmed with a clear break of the falling red trend-line when this does happen we can await the price to test the higher resistance level at 9950 as you can see it in my chart. When we look at the structure as it is we can examine that bitcoin is building a smaller consolidational range within the bigger consolidational range here. In fact, these ranges are known that they will either break to the up or downside, at the moment I see a higher possibility for a break to the upside because the price is sticking in the range here but it can also turn to the downside because the 10.000 USD is such a significantly important level for bitcoin that it is possible that we will see a third pull-back to the downside similarly as we saw it in the past months at the 10.000 USD, therefore, it is important that we hold the overall range here to form a possible break to the upside with targets ahead. Remember that this scenario has to be confirmed as always the possibility for the proper direction increases with the confirmation. I know many people have a too high speculative approach in the markets and want to trade setups or predict the market of information which is basically not given at the proper moment, this is the biggest mistake a wise trader can do because it cant be the bottom line to trade what one thinks not what is confirmed based on the price action. Therefore we should always adapt to what the market gives us and the changing circumstances that mean to trade the highest possible scenarios and not trade a setup which will 100% fullfill for sure because that is factly impossible, all market situations are based on possibilities with higher or lower grade and we must increase to the higher grade to make the survival in markets possible in this case we need to adapt and be prepared for possible counter-scenarios and take appropriate action when they happen. In this manner thanks for watching, support for more insights, and good rest of the weekend everybody! The past, like the future, is indefinite and exists only as a spectrum of possibilities. Information provided is for educational purposes only and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
29
Bitcoin, Approaching 10000 Again, Outcome Will Determine Target!Hello, Traders Investors And Community, welcome to this analysis about bitcoins actual price-structure, there are some important and meaningful mechanisms currently in play which will determine bitcoin further outcome the next hours and days, we are looking on the daily time-frame and there are some significant observations I made in the current bitcoin structure. The last time we saw bitcoin approaching the fundamental resistance level at 10.000 and falling back to form a bearish pull-back, this level has such an importance in the structure because we bounced several times to the downside there and now approaching it a third time. At the moment bitcoin is coming back to test the major 10.000 USD resistance again but as the past shown to us, this level can cause a heavy bearish breakdown to the downside. When looking at my chart you can see that bitcoin is trading in this huge huge uptrend channel which formed from the low in 2018 and the high in 2019, this is the actual predominant channel we are trading in and it had an unnormal corona-virus breakdown to the downside which you can see marked in my chart due to the corona-virus fears infecting all major global markets together and showing especially in bitcoin volatility never seen before. Last week the bitcoin price recovered from this unnatural and highly volatile breakdown back into the channel where we are trading now and approaching this huge resistance. As we saw the last days the price already confirmed bearish to the downside at the resistance and is now approaching it again. What we can examine now is that bitcoin is building a possible range here, which will break either to the up or downside. When we are looking at the past breakdowns in the psychological 10.000 USD level we can see that as consolidation-range formed before the second key breakdown. Therefore we need to keep in mind that this can also happen in the range we are building now when bitcoin does not succeed to travel above the 10.000 and especially the 10.500 level. When considering the bearish scenario a definite break of the 8100 levels to the downside will cause more bearish pressure at least to the 7400 and this case the fact that we will trade again in the bearish corona-channel will increase the probability for a continuation to lower levels. In determining the bullish scenario it is important that we need to take out the overall 10500 levels sustainable to the upside with good volatility and volume otherwise it can still be a bull-trap catapulting bitcoin back in the range. The overall neutrality level which you see in my chart will be in play after this scenario and bitcoin has definitely more room to move higher in the structure when it confirmed. This can cause a new potential bull-market which will be in play and building a coherent set up with the overall structure but this needs to be confirmed with a clean break to the upside, the full confirmation will be in play when we exceed 2019 high you can see in the structure, I see many people calling for the moon but this is an illogical approach because we did not see a supportable confirmation and before that happens we cant call bitcoin for the moon. At the moment we need to see if bulls are strong enough to take the 10500 levels out or fall back again. Both scenarios can be traded properly and as I always say it is preeminent to wait for the proper confirmation in the markets to place the best possible trade. In this case the confirmation will be realized on the bullish side when crossing above the 10500 levels, this can be traded with an aggressive entry after the breakout or a conservative entry wait on confirming the level with a pull-back and the needed volatility. The bearish breakdown can be traded with an immediate entry or an entry after confirmation, in this scenario, it is also possible to wait for more downside and potentially add to the position because we will see definitely more downside when the 8100 level is broken. Thanks for watching, support for more market insight and all the best! Knowledge is the most important commodity in today's markets. In this manner: FAREWELL Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
19
Bitcoin, Move As Expected, Testing The Higher Levels! Hello, Traders Investors And Community and welcome to this update-analysis about the current events happening in BTCUSD, we are looking at the locally 4-hour time-frame and at the moment BTCUSD is testing the falling red trend-line as expected and mentioned in the recent analysis if you did not already saw this analysis I highly recommend you to watch it to have a full-depth-insight, I pointed out there that when BTCUSD manages to take out the resistance at 8780 to 8850 there is a high probability that BTCUSD will test remaining higher resistance-zones and exactly this scenario happened now. Now, when looking at my chart you can see that bitcoin is just at the current moment testing the falling red trend-line with a lowe momentum spike, that can indicate that BTCUSD will fall back to the support which you see in my chart marked with the orange box before moving higher above the falling red trend-line. Remember that this orange support has to be confirmed properly when we see low volatility here and no concrete reversal signs the support can be invalidated and the price can turn down after several weak bounces. The other possibility is that the BTCUSD price is that much strong that we increase in price here and establish to move above the falling red trend-line this will be a highly bullish move which can bring the price to the 10260 to 10440 level which you can see marked in my chart with the blue box, from there we will definitely have a high resistance cluster where a pull-back is in the possible spectrum. But at the moment I see the first scenario more possible because the price begins to weaken at resistance currently. Overall we can contemplate that BTCUSD is building an range in the level here and that it will be highly interesting where this range is going to breakout. When we establish solid support here it is possible for bitcoin to move above the range and confirm in the bullish zone but this has to be confirmed rightfully without the proper confirmation BTCUSD will still hang in a sideway-market where the breakout in either the bullish or bearish direction has to play out and confirm further so we can take advantage of it and trade the highest possible scenario. Thanks for watching, support for more market insight and all the best! Trading effectively is about assessing probabilities, not certainties. In this manner: FAREWELL Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
17
This Is What We Need To Know About Bitcoins Current Structure! Hello, Traders Investors And Community, and welcome to this analysis about bitcoin current structure and what we can expect from the next hours and days. There are some important signs which I figured out and made clear to me that bitcoin will decide the next time where it is going with the overall price structure. We are looking at the locally 4-hour time-frame if you want to have a bigger view on the picture I recommend that you go to my account and look at the middle-to-long-term analysis published about bitcoin. When looking at my chart you can see that bitcoin is currently trading at the black resistance level I marked for you it shows also up in the volume profile as the important resistance level in the overall structure, at the moment we are testing it and a possible scenario is that when we break it to the upside we have a higher likelihood given that bitcoin will test higher levels in the structure, at least move to the 9600 levels to test the falling red trend-line. On the other side, we have the bearish scenario which will be fulfilled when we cross the rising blue trend-line you can see in my chart to the downside because there is a high probability given that we get more selling pressure when we cross it down we can assume bitcoin to visit the POINT OF CONTROL level you see in my chart marked in orange, this will be the target for the overall scenario to the downside, remember that we need to confirm it properly with a definite break of the blue up-trend-line and close below it. What is a good sign and important to acknowledge about the structure is that both scenarios can be traded properly, the bullish, as well as the bearish scenario but each scenario has to be confirmed rightly before looking for a good trade entry. In the bullish case, this will be when we break the current resistance and confirm it as solid support and with the bearish scenario when we break the rising blue trend-line to the downside as already mentioned. Many people calling for the complete bearish breakdown now, it is possible of course but this breakdown has to be confirmed appropriately as mentioned and before that we can't say 100% for sure that the bearish breakdown scenario will play out definitely, at the moment bitcoin is still consolidating on the short-term and therefore will decide where it is going to the next time, when the confirmation has come we can examine the next steps and way for bitcoin to enter. Thanks for watching, support for more market insight, and a good weekend, everybody! ;) Astonishment is the basis of reverence. In this manner: FAREWELL Information provided is for educational purposes only and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
10
How to Trade Triangles.________________________________________________________________________________________________________________________________________ Hello, Traders Investors And Community, here I show the important triangle-formations and how to trade them properly. These formations come in every-shape from big to small in today's markets and are sometimes quite often spotted. There are however some important and significant differences in trading them which I explain further. ________________________________________________________________________________________________________________________________________ 1.) Bullish Ascending Triangle 2.) Bearish Ascending Triangle 3.) Bearish Symmetrical Triangle 4.) Bullish Symmetrical Triangle ________________________________________________________________________________________________________________________________________ ________________________________________________________________________________________________________________________________________ 1.) Bullish Ascending Triangle This formation is a typical known textbook bullish uptrend-formation. Normally it develops within a bullish trend and is a continuation-formation. Suggesting that the bulls make a break before going higher upward. It is formed by the typical horizontal higher boundary with steady-highs and the rising lower boundary with higher-highs. It is a logical mechanism that this formation breaks to the upside because the bulls are clearly stronger. The price projection range is taken by the first touch with the higher boundary and the ground of the lower boundary to project the minimum target in the breakout-zone where the triangle broke out to the upside. The triangle can be traded with immediate entry and stop-loss below the last low or conservative with the breakout to the upside. 2.) Bearish Ascending Triangle This formation is the logical and coherent counterpart of the ascending broadening wedge, the main difference here is that it breaks to the upside and is normally seen as a continuation to the downside. Here we see steady lows with a horizontal lower boundary and lower highs with a declining upper boundary. The formation breaks to the downside because the bulls getting weaker every new lower high is formed. When projecting the price to the downside we can take the measure from the first touch with the lower boundary and the equivalent point with the higher boundary to project our minimum. target. The triangle can be traded aggressively with entry before the breakdown or with confirmation after the breakdown. 3.) Bearish Symmetrical Triangle Here we have an interesting formation that must conform to the downside to give us the proper signal that it is actually really a bearish symmetrical triangle. Here we get lower highs with a descending upper boundary and higher lows with an ascending upper boundary. This formation has also an end-date, it is the date in which the lower and upper boundary come together which means that the formation has definitely ended at this date. We can measure our target from the touch with the lower boundary and its equivalent point at the upper boundary. The wisest way tot trade the triangle is after the breakout and confirmation. 4.) Bullish Symmetrical Triangle This formation is the bullish counterpart to the bearish symmetrical triangle and the difference here is that we get the first price touch with the upper boundary indicating a bullish outcome. We see lower highs with a descending upper boundary and higher lows with an ascending lower boundary before breaking to the upside. The breakout can be heavy which depends on the time symmetrical triangle has confirmed, the longer we stay in the triangle the stronger the breakout will be. We will get a minimum target when projecting the first touch of the higher boundary and its equivalent point of the lower boundary to the point where the triangle broke to the upside. The best way to trade the triangle is after breakout and confirmation of the boundary. ________________________________________________________________________________________________________________________________________ If you like this tutorial feel free to support. I also made an tutorial about broadening wedges which you find when scrolling down on my account. Will be great to see you there. Have a good day and all the best. Thank you. ________________________________________________________________________________________________________________________________________ “An investment in knowledge pays the best dividend” ________________________________________________________________________________________________________________________________________
BITSTAMP:BTCUSDEducation
by VincePrince
6
Important Situation Determining Bitcoins Further Price-Action! Hello friends, hopefully, everybody of you is doing good in today's volatile market environment and welcome to this analysis about bitcoins actual price-situation we have seen some exciting things going on the last time, as many people were bullish on bitcoins actual price-movement and further continuation there are some significant signs which make it harder to underline the bullish scenario at all, that does not mean the bullish scenario is fully out of the sight but that does mean that we need to march above resistance and confirm it properly otherwise the heavy bearish scenario will play out. Alright, when looking at my chart we can elevate that bitcoin is currently trading in a neutral zone divided by the two grey falling trend-lines you can see in the chart, we have seen some bearish decline the last hours and days in which bitcoin firstly confirmed the support and after falling below confirmed it as resistance, you can see the important support/resistance level in orange at my chart, currently, we have it as resistance. Furthermore, we have seen heavy volume when falling below the support that is indicating that this is not a weak bullish down-turn and can be a signal for further bearish continuation, therefore, the bearish scenario to the downside can't be ignored. In my chart, you can watch also the black trend-lines which are equivalent to the point of control in this structure which is signaling the price-level with the highest volume, therefore, it can transform into an important support/resistance level playing and highly meaningful role in the structure. I made also already other analysis of this subject, just go to my account and look at the given ideas when you are interested in it. When we fall below the black point of control this is a sign for a possible continuation to the downside pushing down from orders executed. Otherwise, we can confirm it and the range around it as support and form a slow but steady uptrend. At the moment we have to wait and see which scenario confirms properly either it is the bullish scenario with a break and confirmation of the falling grey trend-line or it is the bearish scenario with a break of the black point of control level and continuation into the bearish zone of the current range. In both cases, we can expect a high possibility for the continuation in the confirmed direction although we have support-resistance levels in the range. Currently, I see a slightly higher possibility for a continuation upward because the falling trend-lines looking like an original textbook wedge but that scenario has to be confirmed otherwise we are still neutral and the price can turn bearish. Great friends, this should give you the proper overview of bitcoins current situation, remember we are always trading what we see not what we think this is mere speculation and we have to distance ourselves from the illogical approach in the markets. Thanks for watching, feel free to support and don't forget as I always use to say: Success is a science; if you have the conditions, you get the result. In this manner: FAREWELL Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
19
Breakout Of The Downtrend-Channel Suggesting Further IncreaseHello Traders Investors And Community, I hope everybody of you is doing well in this volatile market-environment we are facing these days, as I suggested in my analysis about bitcoin we have been trading in an important downtrend-channel which will determine the further outcome of bitcoins price action and that has confirmed right now, as I also pointed out we have a point of control where the volume is the biggest, this point of control serves as an important support/resistance level and now we confirmed it as support, the bullish scenario I mentioned confirmed, but that does not mean we are fully out of the woods with bitcoin at the moment as I showed in my middle-to-long-term-analysis about bitcoins further price action, on the middle-term we still have strong resistance levels, if you didn't saw these ideas I recommend that you go to my account and check these out to have a full-depth overview about the current multi-timeframe picture. It is always wise to look at different structures in the market to have a picture of the highest possible scenarios developing forward in the markets! Now we can see that bitcoin made a bullish breakout of the falling downtrend-channel this is suggesting that the downtrend developed before is now over and a new bullish trend established on the short-time-frame, for now, it is only the shorter time-frame, this is very important to keep in mind because bitcoin has still significant resistance-levels above the head which will also be respected as these when touched. The next time we can expect a second confirmation of the downtrend-channel, therefore it is highly possible that we visit the point of control again where we have the highest volume otherwise we have the next support at 6910 to 6930 as you can see it in the chart, together with the falling downtrend-channel this level will build a bullish confluence-zone when touched, so keep an eye on that. After that second confirmation, I am expecting the next leg to the top of the structure, the next important resistance-zone is the zone between 7360 and 7470 which will highly likely confirm as the proper resistance when we visit this area, on the daily chart there is also the 650-EMA which serves at an important resistance-line. After that pull-back in this range played out it is very very important for bitcoin to hold the range between 7130 and 7370 otherwise we can move lower when these levels do not confirm as steady support levels after the pull-back, after visiting this area it is possible for bitcoin to move higher but as we have high resistance in this area it is important that we get the right confirmation, therefore we have to look on further signs in this area. Great now it should give you a good overview of the current situation with bitcoin on the short-term, remember that we are not out of the woods at all in the middle and long-term as I already show in a recent analysis. I see many people calling for the moon, this cant be the right approach and is more speculation then elevated market-observation because we are still in an overall weak up-trend and as we approaching heavy resistance-lines the trend can always fall back to bearish therefore we have to look at the chart with a clear head and elevate ourselves above the mere speculations. Today's markets are literally highly complex and there are many things which have to be considered therefore we cant say this scenario or that scenario happens 100 % for sure, there are always possibilities in the markets playing together and creating the overall big picture in which we can follow the given opportunities when they arise. In this manner have a good day and rest of the weekend ;) Feel free to support for more market insight. Success comes from elevated concentration on the projected goals FAREWELL Information provided is only educational and should not be used to take action in the markets
BITSTAMP:BTCUSD
by VincePrince
17
Price Reached Equalization, Determining Next Outcome!Hello, Traders Investors And Community, welcome to this update-analysis about the current bitcoin price-action on the locally time-frame, as I already pointed out in past analysis the bitcoin price has the chance to move higher in its weak up-trend but there are some conditions it has to prove successful before deciding to climb some higher when you did not see these mentionings already I recommend that you go to my account and check these out. Now we are looking at the 4-hour-timeframe and there are some important signs which playing in the way bitcoin will decide to go in the next days. Currently, we are trading in a downtrend-channel which can easily continue to the downside so let's have a look at the situation! As you can see in my chart bitcoin currently reached an equalization-range which means that the price is in consolidation on the local structure, which is confirming this is the downtrend-channel and the sideways-movement we have seen the last days. As you can see in my chart I marked the point of control of the current range with the grey trend-lines and the black text, this is the point on which we have the highest volume that means that point can work as a support or resistance, currently we have it as support but that can change! When we confirm under the point of control bearish as you can see it in my chart bitcoin will have an easy way to fall more to lower levels, the next respectable support in this scenario will be the range between 6000 and 6100 as you can see it in my chart. However this, for now, is not the most likely scenario I am considerating, as we are still trading above the POINT OF CONTROL bitcoin has the possibility to move higher and break-out of the downtrend-channel, when we break it to the upside and also close above the 20-EMA this will be a good bullish signal on the short-term. Bitcoin then will have the room to visit the 7370 to 7470 are and test the overall upper resistance in the range, that will be a hard test because there we have many bearish confluence-factors playing into a bearish reversal as I already pointed out in the recent analysis. For now, the good news is that we can trade both outcomes after confirmation! My friends, always wait on the proper confirmation and don't rush into trades of weak consideration, at the moment we can't say definitely for sure in which direction we will continue, we can place a trade in the direction we wish but that wouldn't result in a good trade with a high possibility. Therefore in this structure, it is best to wait in which direction we brake and then place the trade in the confirmed direction. Alright my friends, thanks for watching, may all luck and happiness come to you and of course good trading profits. ;) Don't forget as I always use to say: Success is a science; if you have the conditions, you get the result. In this manner: FAREWELL Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
13
Bitcoin 28 Day Old Trend-Line Broken These Zones Are Important!Hello, Traders Investors And Community, Today I made an important observation in terms of the locally time-frame 4-hour bitcoin-chart, we just broke out of a highly respected 28 days old trend-line. This trend-line served bitcoin all the way from 3900 to 7450 and now it is broken to the downside! When looking at my chart we can see that bitcoin bounced several times at this trend-line, in fact, this was 5 times before on the trend-line before bitcoin broke finally to the downside the sixth time. You can see these bounces marked in purple and the breakdown to the downside marked in red, now the problem is that bitcoin can still fall more which wouldn't be good at all for further performance. For now, we see the first local support zone between 6600 and 6750, in this zone, it is possible that we see a bullish-bitcoin-bounce but this is in fact not 100 % sure at the moment, also we can see the bounce coming and then quickly falling back to the level where it was before. When we fall below 6600 that is critical for bitcoin because below there is a huge free-fall zone where many sellers and bitcoin bears will sell. When this scenario happens we can expect the first next support between 5900 and 6000 this will be a major zone that should be confirmed as support, from that level we can see a bounce to the upside. Okay what is also important is the major black trend-line currently above bitcoins price you can see it in my chart, this is a huge resistance right now and if bitcoin bounces at the mentioned support level we can expect the resistance firstly at the black trend-line, therefore I would be cautious with opening along to trade the reversal firstly it will be wise to wait for a confirmation which confirms a possible reversal. So this should be a good outlook of the current situation, have a good day and good trading profits, my friends! Thanks for watching my analysis, feel free to support my friends and don't forget as I always say: The ambition to transform opportunities into gold remains the most significant tool for a trader. In this manner FAREWELL Information provided is for educational purposes only and should not be used to take action in the markets
BITSTAMP:BTCUSD
by VincePrince
36
The Abnormality Within Bitcoins Current CycleHello, My Friends, I hope everybody of you is doing well in today's market-environment and welcome to this analysis about bitcoins current cycle movement. There are some important signs and worthwhile indications I made which also play a big role within the current corona crisis and therefore the logical consequences the crisis is playing for the cryptocurrency-space. First of all it has to be mentioned that most countries in this world currently note a decline in their economic growth because of the hard corona-measures, therefore, we can see a recession declining price-action in the stock-markets and the normal economic-markets like car-industry or luxury-industry but this fact does not necessarily mean the cryptocurrency is in a bear market or a bull market, I already pointed out in recent analysis that we are still consolidating in the middle-term and that the next weeks and months will show us where the journey is bringing us. People who say that this or that scenario happen 1000% for sure can't be right, we have to look on the possibilities taking place in the markets and elevate ourselves above mere speculation, therefore, it is important to watch the chart as detached as possible and don't set a final-result as the only possible solution defined, volatile markets can show massive turns in the indicators used from day to another. I recommend that you read the whole analysis to have a full-depth perspective of the current situation. In the crisis right now there are anticyclical investments like gold, pharmaceutics, food, and armor-industry! These fields are not influenced by the hard corona-measures, therefore, it is possible and not to be dismissed by hand that bitcoin plays into the anticyclical investments we have in this economic decline. I don't want to say right now that it is 100% the fact but what we can say is that bitcoin is not affected like the stock market and is not cyclical with the stock-market we saw this in recent bitcoin-bear-markets where bitcoin declined and the stock market increased. What is the importance now also when looking at my chart-picture is that we have a 4-years cycle in bitcoin similar to a normal economic cycle. Bitcoins cycle consists of three phases once it is the expansion, the second is growth and the third is a contraction, the normal economic cycle in the real economic consists of 4 phases. Because bitcoin is not like the normal economy we have a different cycle-movement similar to gold. The abnormality within the current cycle is defined by the hard corona-breakdown seen in the last weeks before we had this slow slow stabilization, it also affected other markets as stocks as well. The volatility was seen in this breakdown to the downside was not normal and we have never seen such a fast and heavy decline in bitcoin, also the situation right now that people do not leave their houses and have to stay inside, etc has been never seen since before, it is a completely new environment with other difficult problems we never saw in the crisis before. Bitcoin 4-Year Economic Cycle When we watch the chart closely now we see that bitcoin completed a full cycle in 4.04 years (can be rounded up to four years) that are 1477 days, in this phase bitcoin reached a new All-Time-High and peaked you can see the cycles marked in my chart, also the cycle is building a coherent structure with the underlying sine-curve. The problem in the current cycle is that we should do a new peak within the next cycle-ending time this will be in 2021. Also, we have a definite end where the bear-market is confirmed and a heavy contraction-phase to the downside sets in this is when we cross the lower black-support-line which you can see in my cyclical-picture. We need to see things now as they are and do not get too attached to wild irrational ideas that leading nowhere, therefore it is necessary to see bitcoin detached from the stock-market as an independent financial-instrument. When we establish to hold above the black-line we can see a possible second growth-phase within the 4-year cycle, in this case, we have to stabilize a minimum above 9000 and look at other mid-to-long-term indicators indicating the price-action of next weeks and months. Also my friends, we have seen the heavy decline because of the corona-fears coming in and affecting all markets but these first fears are over what comes now is the recession in many countries which are the consequences of the corona. This causes stocks to decline further because the economy is decreasing but that does not necessarily affect cryptocurrency, it can also be used as a hedge like pharmaceutics or armory which are seen as hedges in the classical stock-market of today's crisis. So my friends thank you for watching my analysis, I hope everybody of you could get some important insight and where the journey will bring us the next time, feel free to support, thanks for everybody who is supporting, my friends. As I always say it is the motivation to transform opportunities into gold remains the most significant tool for a trader. this is why we should take the market seriously and make the best of every situation. ;) FAREWELL Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
29
The Truth About Bitcoins Current SituationHello My Dear Traders Investors And Community, welcome to this middle-to-long-term-analysis about the BTCUSDs price movement. As we are still in uncertain terrain right now it is important to look at BITCOIN with a rational head, as it should always be the motto to trade what we see not what we think, many people call for the complete moon shot or the fall to zero the next months this is why I take a calm eye on the current situation facing BTCUSD to point out where we have to go with the bitcoin-adventure to succeed in the markets, the big question in the corona-crisis now for the cryptocurrency market is if bitcoin and other cryptocurrencies is an anticyclical investment like food-companies, armor or pharmaceutics. This is the big question now because BITCOIN is still trading between the lines with different bearish and bullish signals coming in as on the other side the economy of many countries of the world is in a confirmed recession and stocks in a confirmed bear market. Please read the whole analysis to have a full-depth perspective! Thank you. Halving-Cycles: First of all the third and next halving day will be the 2nd May 2020 this year, it is only one month to go and bitcoin is still stuck in consolidation, today this is the first difference to the last two halving cycles which you see in my chart, there was a clear accumulation before the halving cycles before BITCOIN exploded bullishly to the first halving-cycle target at 1162 and the second halving-cycle target at 19666, now as we have only one month to go and we aren't in a confirmed accumulation right now this is a bad sign that the next halving cycle may not confirm like the last two ones. But this date and the time after this date shouldn't be ignored because as the empirical approach to the last halving-dates shows is that it confirmed every time and BITCOIN made amazing 90.52 times more in price in the first halving cycle and in the second amazing 28.74 times more. Looking at this fact from a mathematical point of view the next confirmed halving-cycle would shoot bitcoin to the moon! But this is only half of the The 20- And 50- EMA: Now when we look at bitcoins past we saw two confirmed bear-markets at all, these two were confirmed with the 20-EMA and the 50-EMA, as you can see these changes in the trend in my chart, these where confirmed bear-markets. The situation now is whether in a bear nor a bull-market it is still consolidating. But what is important right now, as you can watch it in my chart, is that we are shortly before a bearish confirmation of the 20-EMA crossing the 50-EMA down, as we are trading below the EMAs this could be a possible bearish signal to the downside when we cant develop to trade above the EMAs again, as you can see this signal signaled the confirmed bear-markets in the past, there are also other bearish indications which signal a bearish continuation like the Thunder-CLoud-Suite which closed recently bearish on the weekly chart if the EMAs confirm it will add one more confirmed bearish indicator to the list! The Big Triangle And Where It Will Be Confirmed: In anticipation of bitcoins further price-movement we have to keep the big symmetrical triangle in the head, which is still developing and will show a break in either direction. You can see it developing in the middle of the red falling support line and the major rising black trend-line of the whole bitcoin-big-picture. There is a definite end-date where this triangle will end, it will be after the halving date, the triangle will definitely be confirmed at the 14th December this year. This is an important date because it is highly probable that the recession and bear-market decline will still progress at this time, so the outcome can be bearish when BTCUSD confirms to be procyclical going along with the stocks, indices and real estate market. Otherwise when we see bitcoin stabilizing above the 20 and 50 EMA, the thunder cloud suite and other factors at the local time-frame there is the possible breakout to the upside which has to be confirmed definitely with the full break-up of the huge falling red resistance line! So my friends thank you for watching my analysis, I hope everybody of you could get some important insight and where the journey will bring us the next time, feel free to support, thanks for everybody who is supporting, my friends. As I always say it is the motivation to transform opportunities into gold remains the most significant tool for a trader. this is why we should take the market seriously and make the best of every situation. ;) FAREWELL Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
31
BTCs Thrid Attempt, Will It Fail Again At Resistance Or Succeed?_______________________________________________________________________________________________________________________________________________________________________ Hello My Dear Traders Investors and Community, today this is an important chart because we are facing a difficult situation in BTCUSD. The BTCUSD mid-to-long-term-chart is full of contrary signals at the moment, as I already mentioned in past analysis, on a mid-to-long-term-perspective we are still in an overall consolidation phase because BTCUSD is trading in a big triangle if you didn't saw these analyses I recommend that you check these out when going on my account and look on the past BTCUSDs charts! Okay, let's look at the chart. As you can see when zooming in, BTCUSD bounced at the support just as I forecasted, you can see the support marked with the orange box, the support is between 5770 and 5900 now what is important is that we have still plenty of resistance above us, there is the smaller falling red resistance line on the short-term-perspective and the huge falling resistance line on the mid-to-long-term-perspective (Which also builds the upper-line of the triangle we are trading in). As we are approaching the third time the red-falling-trend-line now I am expecting a pull-back in this region, consolidation is also possible, just similarly as seen with the second attempt to break the resistance. Remember that this is a really strong resistance which brought BTCUSD almost - 58.7 % down, together with the 135-EMA there is a strong resistance-confluence-zone which should be ignored. Now the good news is that when we break these important and strong resistance levels it is a good bullish signal which can be considered for a bullish continuation to the upside. When it breaks it has to confirm fully and the 135-EMA and resistance line should be clearly broken with minimum more than 10 % to the upside, otherwise, it could be still a failure, that sometimes happens when the breakout confirms slowly but not for 100 % and the trend snaps back again in the other direction, it can also be described as a bull-trap. In this manner, there could be still a possibility for a bull continuation although BTCUSD printed only bearish signs in the last-time not to mention the heavy bearish decline which brought BTCUSD from 9200 to 3900, but when the resistance confirms we have still the 38.2% retracement above us and the strong falling red-resistance line which have to be taken out for a full bullish scenario on the mid-to-long-term-perspective. _______________________________________________________________________________________________________________________________________________________________________ The amount of good luck coming your way depends on your willingness to act. Feel free to support for more valuable insight, thanks for your support, my friends! ;) FAREWELL Information is only educational and should not used to be for taking action in the markets. _______________________________________________________________________________________________________________________________________________________________________
BITSTAMP:BTCUSD
by VincePrince
13
These Are The Obstacles BTCUSD Is Currently Facing._______________________________________________________________________________________________________________________________________________________________________ Hello, Traders Investors And Community, Today I discuss some important observations I made the last time looking at the BTCUSD-chart, what I already mentioned in recent middle-to-long term analysis of BTCUSD watching the Daily-to-Weekly price-chart of BTC is that we are still in an overall consolidation period as I already pointed out the importance of the three-major trend-lines we have in this picture now, once it is the huge resistance above our heads which you see in the chart marked with the red straight trend-line and the red dotted trend-line, there is also the black rising trend-line which holds the structure and the blue falling trend-line which formed from the lower-lows in the past months, as I already said this overall formation is still neutral so, I highly recommend to you that you watch my analysis where I determined the shape of our situation to have an overall picture of what is going on now: Now, what you can see in my chart, is, that we got rejected two times in a major confluence zone which plays an important role in determining bitcoins further movement. The first time we got rejected in this confluence-zone BTCUSD provided a 57 % drop-down to the low at 3850 from which we saw this slowly establishing up-trend to the recent point and the recent second rejection at this confluence-zone. What does the second rejection mean? It is possible that BTCUSD falls more because this is such a strong important level, the good news is that we have support below us which BTCUSD will first recognize at the 5800 - 6000 range. When this level cant be held and bitcoins drop more down the next support-range is between 5800 and 5000. These levels building a logical triangle with the falling and dotted red resistance line and the falling blue trend-line as you can see in this chart, if we approach these levels before moving up I am expecting a healthy development of support in this range. Furthermore, if we establish the support in this arena we can expect some up-moves there, but, to have a decent bull-continuation we first have to break the falling red-line to the upside, which isn't impossible for sure but it is still a strong resistance level. On the other side, we have the 45-EMA which plays into the confluence-zone, it will also be a highly respected resistance level which first has to be taken out to initiate a further up-trend! So what we do have now at hand? On the one side, it is a -bullish scenario showing decent moves after the confirmation of support, but with more than one obstacle in the way and still resistance above us, to provide a confirmed up-trend BCTUSD has first the task to take the major strong falling red trendline out. On the other side it is the -bearish scenario which kicks in when we cross the rising black trend-line down, this scenario is possible but when it forms it will take some time and it will be recognized as the scenario because BTCUSD won't be to hold the support between 5000 and 5800. The bullish scenario is definitely possible and I know many of you want the bullish scenario to be confirmed as it is also the healthiest way in the markets and everybody is happy but we have to see the confirmation first as I explained, we are still in a financial crisis, and as the coronafears and the economy all over is recovering a little bit, step by step, that does not mean we are in a solid confirmed bullish environment, this includes bitcoin as well as the major indices, stocks, and gold. _______________________________________________________________________________________________________________________________________________________________________ In this manner: The Pessimist Sees Difficulty In Every Opportunity. The Optimist Sees Opportunity In Every Difficulty. Thanks, For Watching! Have a good day! Information provided is only educational and should not used to be for market purposes. _______________________________________________________________________________________________________________________________________________________________________
BITSTAMP:BTCUSD
by VincePrince
10
Empirical Approach to Past Bearmarkets And The Current Situation_______________________________________________________________________________________________________________________________________________________________________ Hello traders investors and community, today I look empirically on the bear markets bitcoin suffered in the past and an important signal which we saw in the bear markets and which is repeating right now, the last weeks were highly volatile and the coronavirus shocked the whole markets up, not just the cryptocurrency market-landscape, also all-important index and stock markets. However, I am expecting a cool down the next days and weeks from the fears as the economic-structure is recovering from the panic on the markets, that's why we can expect some moves to the upside, but that doesn't mean bitcoin is completely out of the woods, we have strong and serious resistance above us! I recommend to you that you read the whole analysis to have a complete outlook on the situations: _______________________________________________________________________________________________________________________________________________________________________ We have a strong resistance above us and there is this devastating thunder cloud suite signal which provided the final change in direction in the past bear markets, I already did an analysis on this some time ago as I pointed out it now turned to the downside, you can see it in the chart: In this analysis, my point was to show how the market could turn bearish when the weekly close closes below the thunder cloud suite, which it already did in past events turning from bullish to bearish. As you can see it in the chart marked with the red cycle it signaled originally the bear markets of 2014 and 2018. Please look also at this major important trend-line which has its origins at the very beginnings of the bitcoin eras, this trend-line is so devastatingly important that in the bullish scenario it has to be secured from breaking down-side. The point now is that when bitcoin doesn't manage to stabilize above this trend-line it will give another bearish signal for bearish continuation. What is also important in this structure is the 100-EMA and the 200-EMA which also supported the last two confirmed bear-markets with a first confirmation below the 200-EMA before moving below the 100-EMA. When we break the 100-EMA down this will be devastatingly difficult. As the Thunder Cloud Suite Signal is already a heavy-handed important fact which shouldn't be ignored! Because it was so reliable in the past this could also be the next time now. Please look also at the consolidation phase happened after the second signal provided the second bear-market in 2018, there was a looong consolidation-phase before finally going down, this could also be the case now, creating a longer consolidation phase between the black-trend-line, the 100 EMA, the 200 EMA and below the thunder cloud suite which already closed weekly in the bearish zone. So we have some important bearish signals that we have to consider now as reasonable, but as I already pointed out in my recent analysis bitcoin is in an overall consolidation phase which hasn't already ended, there is the possibility given that the Thunder-Cloud-Suite-Signal is actually a fake-out and that it turns bullish after the consolidation-phase has confirmed, but for now, this is not the most reliable scenario to depend on: The next days and weeks we can expect bitcoin to remain in the consolidation channel as mentioned in my analysis, but there is plenty of resistance above us and with this information given we can say that when bitcoin starts to approach higher it will have a difficult time to do that, for that reason I consider the bearish scenario after the consolidation phase has finally ended as highly possible but that can turn when we take out these massive resistance levels above us and close above the red falling dotted trend-line you can see in the chart above the current price action. _______________________________________________________________________________________________________________________________________________________________________ In this manner: "The grand aim of all science is to cover the greatest number of empirical facts by logical deduction from the smallest number of hypotheses or axioms." Have a good day and starting in the weeks! Wish you all luck, happiness and of course good trading profit! ;) Information provided is only educational and should not be used to take action in the markets. _______________________________________________________________________________________________________________________________________________________________________
BITSTAMP:BTCUSD
by VincePrince
11
XRPUSD - 2.87 Year Old Trend-Line Broken, What Comes Next?!_______________________________________________________________________________________________________________________________________________________________________ Hello, Hello, Hello! Traders, Investors and Community! Welcome to this tremendous significant RIPPLE / US DOLLAR analysis, I detected some important signs of where we heading the next weeks and months and important support levels which we need to hold. The corona fears going on these days and the markets showing volatility never seen for years. For wise traders that doesn't mean crying! For wise traders that does mean searching for profitable opportunities! _______________________________________________________________________________________________________________________________________________________________________ As you can see in my chart RIPPLE just broke down a very very very important support trend-line which was there for 1043 days that means 2.87 in years. This trend-line held the whole structure up and now it is broken, as for now this break looks like a bear-trap BUT that does not mean we are out of the woods, as you can see in my chart we have a huge bearish zone below the trend-line. For now, I see some steady up-trends coming the next weeks and months but these up-trends will trade into resistance right above RIPPLES head, you can see it marked with the resistance levels and the major important falling trend-line which first need to be surpassed to develop further up-trends. The 50 and 200 EMA marked in orange and purple showing resistance also, which means we have another confluence for resistance in the area. When the price touching this area it is important to show good bullish continuation signs otherwise ripple will fall back into the bearish zone which would accomplish a slow death ride to lower levels. Considering this scenario, trade on the SHORT side will be appropriate when a reversal confirmed but for now, the price first has to visit these areas. When dividing the chart into bullish, neutral and bearish areas there are, as mentioned clear obstacles in the neutral zone for ripple to turn bullish: For the next weeks and months we can expect some good up-moves coming but what hold ripple back in this structure are the few resistance levels that shouldn't be ignored. When these levels confirm as resistance a SHORT trade will be appropriate otherwise we have to watch out for a possible bullish confirmation leaving the obstacles in the neutral zone behind and confirm the turning-point into the green bullish area as seen in my chart. _______________________________________________________________________________________________________________________________________________________________________ Thanks for watching my analysis! Hopefully, it will be profitable for you. There are always opportunities in markets also in times of great fear or greed, good treaders keep a cool head and look for the golden apples popping up ;) For more market insight feel free to support. Information provided is only educational and should not be used to take action in markets. _______________________________________________________________________________________________________________________________________________________________________
BITSTAMP:XRPUSD
by VincePrince
16
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
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
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
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