Get started

Bitcoin-trading

Bitcoin, In Decisive Channel-Formation, Important Perspectives!Hi, Welcome to this analysis about BITCOIN, we are looking at the 2-hour timeframe perspectives. Bitcoin for a more or less long time is now mingling in this bottoming structure in which it firstly developed this triangle-formation and besides that now also as I discovered this descending-channel-formation with the wave-count within. It is likely that Bitcoin will form the wave E to the upside within the next times which will be crucial as Bitcoin will test the upper-boundary from where a pullback is likely to emerge however when Bitcoin has the ability to build up further bullish momentum in this structure it can lead to an upper breakout and a wave-E-extension. Considering this it is highly necessary that Bitcoin does hold the lower boundary at all and does not close below it because this will confirm the formation bearishly to the downside and show up with further declines minimum to the 36.000 USD level. For now, it is meant to elevate and see what Bitcoin is supposed to do before rushing into unsophisticated solutions as it is often seen in such situations. In this manner thank you, everybody, for watching the analysis, will be great when you support it, and all the best! Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
12
BITCOIN (BTCUSD) – Week 23 – Still in the middle Bitcoin's price dropped on Friday morning after Elon Musk tweeted that he’s fallen out of love with the world's most popular cryptocurrency. With the hashtag #Bitcoin and a broken heart emoji, the billionaire Tesla CEO posted a joke about a couple breaking up over the male partner, referencing Linkin Park lyrics. The Bitcoin 2021 conference in Miami began today with libertarian and former presidential candidate Ron Paul criticizing the Federal Reserve and stating that, given the present condition of the economy and the Fed's monetary policies, Bitcoin should be "taken seriously." The former Republican Party's black sheep told a Miami audience that the United States' present monetary policy is a failure and that the central bank should be abolished totally. According to Bloomberg's senior commodity strategist Mike McGlone, bitcoin's price is "discounted," and its bull market seems to remain intact, with a price objective of $100,000 looking more plausible than a retrace down to $20,000. Technically, Bitcoin is still moving inside the area created a few weeks ago by the support and resistance boxes marked on the chart. While keeping in mind that we are in a down trend we give a higher probability for a move to retest the support or break it, while not totally excluding a retest of the resistance. For us to be convinced of a reversal of the trend we must at least break the resistance and study the price action to see if it gives us bullish continuation signs. 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:BTCUSDShort
by financialflagship
6
This Can Bring Bitcoin Initially Out Of The Double-Mill!Hi, Welcome to this analysis about Bitcoin, we are looking at the 6-hour timeframe perspectives. Since the bearish breakdowns accelerated and moved into the 30000 USD level the bearishness has decreased and the trend slowed down with some interesting measurements so far. As I discovered Bitcoin is developing a significant descending-triangle-formation with the coherent wave-count within and the waves A to D almost already completed, with the wave B turned into a bear-flag and the wave D a triangle which is not unlikely in such a constellation. When Bitcoin now manages to complete the wave E with less increased dynamic and confirm the lower boundary as support this can lead to a dedicated breakout and completion of the descending-triangle, this can lead to an initial rally however does not mean Bitcoin is completely out of the woods as there is this main resistance-zone to be tested marked in red in my chart from where a pullback is not unlikely, it has to be elevated then how Bitcoin develops further in this case, for now, the still underlying bearish perspectives should not be kept by side nevertheless the formation can lead to the first momentum in bullish strength. In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
9
Bitcoin, Initial Head-Shoulder-Formation, Upcoming Perspectives!Hi, Welcome to this analysis about Bitcoin, we are looking at the 45-minute timeframe perspectives. Bitcoin on the more global perspectives is still in this main decision-zone where it has a higher possibility for upside-breakout testing remaining upper resistances. Now on the local perspectives, I discovered this interesting inverse head-and-shoulder-formation marked with the neckline in blue. When Bitcoin manages to hold the structure above the dynamic-support-zone marked in orange and finally breaks out above the neckline to close there as it is shown in my chart, this will be the setup for the further continuations to the upside and approaching of the head-and-shoulder-targets marked in my chart in blue at the 38360 levels from where the situation needs to be elevated anew and if Bitcoin manages to continue further bullishly or firstly shows up with a reversal which is not unlikely in this case, it will be an important determination ahead. In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best! "Good luck is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
2
Crucial Scenarios Upcoming Important In Bitcoins Structures!Hi, Welcome to this analysis about Bitcoin, we are looking at the weekly timeframe perspectives. As already mentioned in the former analysis Bitcoin has this main triangle in the structure from where it has the ability to develop a sustainable breakout and continue with further bullish alignments however it should not in any case kept by side that Bitcoin has major resistance above in the structure marked in red which needs to be taken out sustainably for Bitcoin to develop a serious continued bullish pace. When this does not happen and Bitcoin pulls back from the resistance this can move Bitcoin below the important supports marked in blue and the 45-EMA. Depending on how strong the pullback shows up this can lead to a bearish continuation till the next main support determined by the previously established all-time-high zone from where Bitcoin has the ability to stabilize anew. Although Bitcoin moved into a highly oversold condition and is building this triangle to build upon these scenarios showing up when Bitcoin increases with bearishness should not be underestimated and as traders, we should be prepared to not get overwhelmed by circumstances as it happens often these times. In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the market.
COINBASE:BTCUSD
by VincePrince
10
This Is Why Bitcoin Still Has The Ability To Reach 100K By 2021!Hi, Welcome to this analysis about Bitcoin, we are looking at the 2-day timeframe perspectives. In times of erratic misleading twitter tweets and voices about regulation increasing it is necessary to elevate and see what is possible and what is not possible. Bitcoin as the last heavy breakdowns occurred entered an oversold condition from where an initial reversal can be possible, besides that Bitcoin has now third time tested this lower boundary of the massive ascending-channel-formation where it already bounced previously substantially to the upside, this can also happen, in this case, it will be important on how Bitcoin manages to continue further, when Bitcoin then breaks out above this descending-trend-line into the bullish-continuation-zone it will be the proper setup for further developments as the triangle has completed. Taking this into consideration it is highly necessary that Bitcoin holds the supports sustainably because when it does not happen the bullish case will be invalidated below, therefore it is highly essential to keep patient and wait for the validations before rushing into set conclusions without evidence. In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
14
Bitcoin, Moving In Decisive Structure, Possible Scenarios!Hi, Welcome to this analysis about Bitcoin, we are looking at the 12-hour timeframe perspectives. Bitcoin in recent times is in a very decisive situation as it managed to initially bounce in the structure since the heavy bearish breakdowns to form this triangle-formation Bitcoin is trading above very important support which is the ascending-support-trend-line above which it is moving in the triangle, therefore a bounce to the upside to complete the triangle bullishly in the structure has a higher possibility than the breakout to the downside into the bearish-continuation-zone nevertheless it is highly necessary to await the final validation as the possibilities can also change again. Now when Bitcoin forms the more likely initial bullish breakout this does not mean Bitcoin is completely bullish anew as there is still strong resistance lying above in the structure as marked in my chart from where the situation, in any case, needs to be elevated anew. In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
25
Bitcoin, Local Channel-Breakout-Potential, Objections Ahead!Hi, Welcome to this analysis about Bitcoin, we are looking at the hourly timeframe perspectives. As already mentioned previously Bitcoin developed this main triangle-formation with a likely upside breakout incoming besides that I discovered this more local structure now and Bitcoin is forming here this ascending-channel-formation in which it is testing this main descending-trend-line in the structure. When Bitcoin now manages to break out above this descending-trend-line this will be the appropriate setup for a further continuation to the upside and Bitcoin will move on to approach the upper wave-E-extension-determination-zone and the upper-target-zone from where the situation needs to be elevated anew. In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best! "Good luck is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
2
BITCOIN Range Potential! Sell! Hello,Traders! BITCOIN is trading in what seems to be a bearish pennant Which in itself makes me bearish on BTC Even though the current price action is move on the bullish side However, I think that a range between the two levels Of support 28-30k and resistance 40-43k Is more than possible at least for a while Which would give us a great opportunity to trade it off the two levels Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
BITSTAMP:BTCUSDShort
by TopTradingSignals
2
Bitcoin, Tests Main Trend-Line, Potential Scenarios Upcoming! Hi, Welcome to this analysis about Bitcoin, we are looking at the 12-hour timeframe perspectives. Since Bitcoin in recent times has shown up with the high bearish volatility to the downside it has tested this major ascending-support-line marked in my chart in black from where it now initially bounced to the upside and is slowly building up. I mentioned already the triangle on the local perspective which is likely to break out to the upside and when this happens Bitcoin will move on to test the main upper support as shown in my chart after the likely pullback moves on from there Bitcoin will either have the ability to stabilize above and build upon it or move below the trend-line and form the wave-C-extension as shown in my chart. As Bitcoin has some solid supports lying in the structure the bullish stabilization after the wave-count and further continuation have a higher likelihood however it is highly necessary to keep patient on the final validations before moving into the direction. In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best! "The high destiny of the market is to explicate rather than to speculate." Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
4
BTC, Continues Triangle-Development, How It Finally Completes!Hi, Welcome to this update-analysis about Bitcoin, we are looking at the 4-hour timeframe perspectives. Since the origin-analysis Bitcoin continued with the wave-count within the triangle formation and almost completed it with the finalization of wave E. Now Bitcoin is building up in the structure and recently already moved above this descending-trend-line marked dashed, when Bitcoin now manages to continue to hold this zone and show up with further stabilization above this can lead to the final breakout and continuation above as marked in my chart, therefore it is highly necessary that Bitcoin does not fall below the orange supports as this will possibly invalidate the whole formation, it will be an important development ahead. In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best! "Good luck is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
14
BITCOIN (BTCUSD) – Week 22 – Between S/R areasAccording to statistics from itBit, PayPal's custodian, bitcoin volumes have set a new high of more than $300 million. Volumes increased from about $80 million per day to surpass the previous high of $240 million in January. Last week, bitcoin briefly surpassed $30,000, indicating that retail investors purchased the dip with bitcoin presently ranging. The Bank of Japan's governor, Haruhiko Kuroda, has joined the list of central bankers targeting Bitcoin (BTC) during the present turmoil. Kuroda argued against the value proposition of the biggest cryptocurrency by market capitalization, according to a Bloomberg story published on Friday. The Chairman and Chief Executive Officer of JPMorgan Chase and Co, Jamie Dimon, stated in a recent testimony to the U.S House Financial Service Committee that his personal advice to people when he’s asked about Bitcoin is to “stay away from it”. Furthermore, Dimon added that cryptocurrencies can’t compare with traditional fiat currencies and gold and warned: “buyers beware.” Technically, Bitcoin is still in the area between the resistance and the support levels marked on the chart. The higher probability move in our opinion is a continuation of the sharp downtrend that started in the middle of April. If there is an up move that breaks the resistance sharply and consolidates above, we shall make a decision about the potential reversal of this downtrend. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
BITSTAMP:BTCUSDShort
by financialflagship
2
Price action was too much! We need to cool down as well as BTCGold made a huge gain like ETH. We have seen a nearly parabolic rise with Gold, just as ETH did. For now I am waiting for a retest to go back to the "normal" price. The breakout form the bullish trend was really epic, and we managed to close half of our long position from 1750$ at the 1850$ level. Our 2nd target was at 1950$ but I had a feeling that we are ready to do a correction so we closed the other half of our position at 1900$. Right now I am looking for short and once we finished the corrective move. You can see our possible trade on the chart. To get more info please join our community to get some really deep level analysis about FX, Stocks, Crypto and Commodities. community.protradersnetwork.com
OANDA:XAUUSDShort
by tmsarn
BTC, Establishes Broadening-Wedge, How A Breakout Can Emerge!Hi, Welcome to this analysis about Bitcoin, we are looking at the hourly timeframe perspectives. As Bitcoin recently initially bounced to the upside it is forming somewhat of a consolidational movement, such movements have the tendency to break out sooner or later to the upside or downside. Besides that I discovered the main broadening-wedge-formation Bitcoin is establishing with these movements and with the coherent wave-count within already completing waves A and B in the minor wave-count with the wave C remaining, when this wave C ending manages to bounce within the lower boundary it will be the completion of the major wave B in the structure and in this case is likely to be the origin of a breakout to the upside which will fully develop with a breakout above the upper boundary. In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best! "The key to success is to focus on goals, not obstacles." Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
4
Bitcoin, Since Mingling In Range, Upcoming Perspectives!Hi, Welcome to this analysis about Bitcoin, we are looking at the 12-hours timeframe perspectives. Since Bitcoin moved on with the bearish exaggeration it reached serious remaining support-zones in the structure especially determined by the ascending-trend-line marked in dashed grey where Bitcoin initially bounced. Besides that Bitcoin has established this main wave-count with the waves A to C almost already finished and now with the wave D to likely have its origins within the ascending-support-level as marked in my chart however this wave D will run directly into the upper resistance-cluster from where a pullback is very likely and therefore will be the origin of wave E which, this wave E has the ability to finish within the ascending-support and show up with a bounce from there otherwise when this does not happen Bitcoin will move on further with a wave-E-extension when it closes below the support as shown in my chart, it will be an important development ahead. In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best! "The high destiny of the market is to explicate rather than to speculate." Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
9
Bitcoin, Develops Triangle-Formation, Upcoming Scenarios!Hi, Welcome to this analysis about Bitcoin, we are looking at the 4-hour timeframe perspectives. As Bitcoin recently marked these initial lows in the structure it bounced initially to the upside however did not yet fully convert this into a sufficient reversal. Besides that, I discovered this main triangle-formation Bitcoin is now developing with the boundaries marked in blue and the coherent wave-count within the formation already completing the waves A to D in the structure, as Bitcoin approaches the upper-boundary this is likely to be the origin of the wave E to the downside that will move into the decision-cluster in the lower boundary after that the actual crucial price-actions will come with Bitcoin either forming the breakout to the upside which has a higher possibility with 65% or to the downside which has a possibility of 35%. These are the meaningful scenarios in the upcoming times and it is necessary to keep patient and wait for the final confirmation before moving in the direction. In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
13
Bitcoin, On The Verge To A New Volatile Middle-Term-Cycle!Hi, Welcome to this analysis about Bitcoin, we are looking at the 12-hour timeframe perspectives. Over the past years, Bitcoin and Cryptocurrency established as the most volatile asset-class seen in 21th century, it was the subject of high volatile price-moves and exaggeration both in the up as well as the downside, as traders it is important to properly keep track of that and take proper measures to advance further. Although the conditions change always and the market landscape alters with new market participants coming in as well as changing fundamentals it is likely that this high volatility will keep also in the future, in this case, it is of high necessity to properly prepare for such changing determinations as this is what is necessary in keeping a consistent trading-approach. As when looking at my chart now we can watch there that Bitcoin has established this major descending-channel-formation marked with the black boundaries and the coherent wave-count within the formation with the waves A to C already completed and with the wave C recently moving into the lower boundary from where the origin of the wave D is likely to show up, this wave D will be crucial as it will run directly into the upper resistance-cluster from where the wave E development is not far away, when this wave E has finalized and Bitcoin moved to the downside to test the lower levels of support this will be the development where a reversal and continued stabilization gets highly likely especially as Bitcoin completed the wave-count and moved into a high overbought condition. In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
8
Bitcoin, Potential H-S-Formation, Here Is How It Completes!Hi, Welcome to this analysis about Bitcoin, we are looking at the 45-minute timeframe perspectives. Since Bitcoin showed up with the heavy bearish volatility to the downside it somewhat managed to recover initially and bounce in the structure however did not yet rightly converted this into a sufficient reversal. Besides that now I discovered this potential inverse head-and-shoulder-formation with the left shoulder and the head already formed, therefore, currently Bitcoin is about to establish the right shoulder in the structure and when this right shoulder completes with Bitcoin moving finally above the neckline to close there as it is marked in my chart this will lie ground for further developments and especially the paramount remaining resistance to be tested. In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best! "Good luck is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
9
BTC Tests 3.7 Months Support, Recapitulation In Volatile Market!Hi, Welcome to this analysis about Bitcoin, we are looking at the daily timeframe perspectives and what happened lastly with the objections of what possible scenarios we can expect in these circumstances now. Bitcoin lastly exaggerated and protracted with its bearishness moving into very very significant support determined by the blue support line marked in my chart at the 30000 USD level, this support was established almost 3.7 months ago and it is highly necessary to hold sustainably because below this support mainly stop loss are going to be triggered very likely. Therefore when Bitcoin manages the stabilization above the support it can be a good origin for possible further continuations with the wave-count to finish otherwise when this does not happen Bitcoin will move on with this wave-C-extension when closing below the dynamic ascending-support-line. In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
2
Bitcoin, Develops Channel-Formation, How A Breakout Can Emerge!Hi, Welcome to this analysis about Bitcoin, we are looking at the 45-minute timeframe perspectives. Bitcoin lastly protracted its bearish developments to the downside and moved on to test important remaining support-zones especially on the more global perspective there is meaningful support between the 38.000 to 39.000 USD level where Bitcoin has the ability to initially increase with bullish price-action in the upcoming times and when this price-action is strong enough this can finally convert into a breakout after which Bitcoin closes above the upper-boundary of the channel, such a determination will be the indication for the further continuations and testing of the remaining upper-resistances from where the situation needs to be elevated anew. In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
2