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Why Bitcoins Initial Bull-Trap May Be Just Peak Of The Iceberg!Hello Traders Investors And Community, Welcome to this analysis about Bitcoin, we are looking at the weekly timeframe perspective, the recent events, the current formational structure and what we can expect the upcoming times. As mentioned already in previous analysis Bitcoin after forming its all-time-high moved into an initial bull-trap as the high was made and a swift bearish pullback after it emerged, now as it is not seldom seen that after such reaction more bearishness follows and as this is also what to expect firstly on the lower timeframes next times I discovered other meaningful signs which are determining for the next outcomes especially when Bitcoin shows up with the decisive price-action this can exaggerate into more volatility further ahead, therefore I detected all the important levels and likely outcomes we should consider with Bitcoins established structure and the upcoming destinies. As when looking at my chart we can watch there how Bitcoin now initially pulled back and closed below the all-time-high already on the weekly timeframe basis, besides that the price already struggled last weeks within this region and indicators also showing overbought conditions, furthermore it is a completion of an underlying wave-count within the structure, all these factors indicating pullbacks coming up the next times that will first move into the dashed ascending-trend-line marked in my chart in grey which is the first reference-point for bullishness in the structure, when this trendline is broken to the downside and Bitcoin closes below it this will move into more protracted bearishness as Bitcoin is also trading within this low-volume-dynamic-volatility-zone where the price-action either up or down does not take much to move further with high volatility similarly as we have seen it with the bullish price-action this can also likely happen the other way around with bearish price-action. When Bitcoin finally closes below this important ascending-trend-line which should not be kept by side here this will initiate further pullbacks in the structure as it is marked in my chart and Bitcoin will move on further till there is support found to reverse which Bitcoin has way lower in the structure within the blue cluster marked in my chart which is exactly matching with the 50% Fibonacci-support and the previously established preliminary lower support, besides that the 65-EMA and the 100-EMA coming into place there and it is the first region where increased volume is lying, taking this into the consideration it can be a good place for a stabilization however till then we can expect the bearish pressure to follow up through the structure when Bitcoin moves below the suggested level this is why we definitely should be prepared on further bearish pullbacks coming up next times. In this manner, thank you for watching the analysis, have a great day and weekend, all the best! "Prospect is the ingredient of good fortune." Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
54
EDUCATION: Moving Average Support LineHello, dear subscribers! Today we examine another one support line type - moving average support. Definition Moving average support line is one of the advanced types support lines. It based on price moving average for any period which can be chosen for every particular case. MA helps to define the trend direction at current moment. If the price closed above the MA for at least ten candlesticks in a row we can identify this situation as uptrend. How to trade with MA support? Because the uptrend is identified we cam use the MA and price crossing points as entry points. In our case, when (1), (2) and (3) occurs, the next points from (4) to breakpoint can be used to enter the position. In case of success we will see the price touched and bounced off the MA. In opposite, the price break the MA line down, but the stoploss usage can help to eliminate huge losses. Summary 1)To identify the uptrend when the price closed above the MA 10 times in row 2)To entry the position when the price touched the MA 3)Fix the profit with it's bounce off the MA 4)Set the stoploss to eliminate the losses in case of sharp price decline
Education
by Skyrexio
Bitcoin, Since The Second Top Builded, These Scenarios Likely!Hi my friends, Welcome to this update-analysis where we are looking at Bitcoins more globally 6-hour timeframe perspective, the recent events, the current formational structure, and what we can expect the upcoming times. As Bitcoin formed this major bull-trap moving above the all-time-high and pulling back immediately this completed the second top in the structure and as this is most often a bearish formation the bearish foresight can not be passed away in this case especially as Bitcoin is still trading within highly overbought regions which are not normal to continue like that on the long-term, basically there are two significant scenarios we should consider I detected here, therefore we are looking at the important levels and likely outcomes we should consider with Bitcoins established structure and the upcoming destinies to expect. Continuations And Upcoming Tests: As when looking at my chart we can watch there Bitcoin completed this second top where it severely pulled back to the downside from this strong descending-resistance-line marked in red in my chart, besides that Bitcoin already completed the ascending-triangle-formation which is a bearish formation I already mentioned previously. Now as such price-action has shown up here it is likely that Bitcoin firstly continues with the bearish pace and pressure till it moves on to test the remaining supports which Bitcoin, in this case, has at the 100-EMA marked in light-blue matching with the ascending-trend-line marked in blue when Bitcoin approaches this level it will lie ground for the decisive confirmations and further movements from this place basically dividing into two major considerable scenarios to expect. Two Scenarios And Upcoming Determinations: When Bitcoin now moves into the decision-zone marked in my chart there are these two possible scenarios already mentioned, the first one shows up when Bitcoin manages to bounce within the support sustainable and finally manages to move above the descending-resistance-line which is highly important in this case. The second scenario shows up when Bitcoin highly increases with bearish pressure further where it moves into the supports to finally close below them, such price-action will complete the double-top-formation properly and will point to lower levels with protracted bearishness to show up in the structure. For now, it is mainly crucial to wait on the right confirmation taking place in each of these cases which will be the decisive factor determining the next outcomes, before that the market should not be overspeculated in one direction as there did not came the final confirmation yet. In this manner, thank you for watching the analysis, have a great day and weekend, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
14
Bitcoin, Since Crucial Formation Completed, These Steps Ahead!Hi my friends, Welcome to this update-analysis where we are looking at Bitcoins developed situation, now we are looking on the more global perspective, the 2-hour timeframe perspective and as Bitcoin recently already completed the ascending-triangle-formation I mentioned previously with a breakout to the downside, if you did not see this analysis already I highly recommend it to you to have a full-depth-overview, now this was a significant step within the established structure, now besides that, furthermore I discovered other meaningful signs that will be worthwhile in the upcoming developments, therefore we are looking at all the important levels and likely outcomes we should consider with Bitcoin in its established structure and the forthcoming destinies ahead. As when looking at my chart we can watch there Bitcoin now fully completed the ascending-triangle-formation with a bearish move below the lower-boundary where it is now testing the important 100-EMA in the structure marked in blue in my chart, this EMA is a major reference-point here and as you can watch it is also matching with the point-of-control within this structure when the bearish pressure increases further the next times and Bitcoin moves below these two levels this will move Bitcoin into the pull-back-extension-zone marked in red in my chart and also below the ascending-trend-line marked in blue, when Bitcoin closes within this zone it will move on bearishly within it till there is support found that can reverse the dynamic again which Bitcoin has lain down in the structure at the 17020 levels marked with the dashed blue trendline, this can be a possible zone where Bitcoin manages to stabilize and move on to reverse. On the other side when Bitcoin stays above the 100-EMA and point-of-control there is the possibility given that Bitcoin moves on to test the upper resistance-levels anew however this possibility is currently quite marginal and the bearish perspective should be much more considered. The upcoming times will tell how Bitcoin moves on further in this structure, especially at the high level, overbought region, and the completed formation the bearish scenario should not be underestimated in any case here, as many people already getting extremely bullish this is often the sign that the market reverses as the indicators are also on a high level especially within cryptocurrency such reversals can happen swiftly and fastly as the past has already shown oftentimes, this is why it is important to be prepared on such changes to take proper action when it is necessary and do not get overwhelmed by circumstances as this is what smart money operators just looking for to take up positions from inexperienced traders either in the long or short-side. In this manner, thank you for watching the analysis, have a great day and weekend, all the best! "The high destiny of the market is to explicate rather than to speculate." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
9
EDUCATION: Simple Support LineHello, dear subscribers! Today we start our Educational series. We are going to public some elements of technical analysis every day. Definition The support level is the level which is likely not to be broken down by the price. It is a high probability of the bounce off this level. It occurs because when the price decreases, the demand is rising and the supply is decreasing. As a result the higher demand push the price up. How to trade with support We can get into the position on the support line level. For example, at the point (D) we already know that blue line is support (because of points (A) and (B). Also we have to use the stop loss level, if the price will substantially break this level down. If the price broke down the blue support (G), we can wait the yellow line price level to enter the position (3). It is also widely known that the price is likely to return back to the previous support (H) Summary 1)To define several support levels 2)To get into position on the first one 3)To fix a profit in case of price bounce 4)To fix small stop loss in case of huge breakdown 5)To buy again at the lower support. It is very effective strategy but there are a lot of cases, when support level definition is impossible.
Education
by Skyrexio
Bitcoin, Builds Major Reversal-Formation, Crucial Zones!Hi my friends, Welcome to this analysis about Bitcoin on the 1-hour timeframe perspective, since Bitcoin made the all-time-high and after that showed up with bearish pullbacks we should not underestimate the bearish pace and possible continuations following-up especially as Bitcoin is still strongly overbought on the higher timeframe perspectives as well as on the lower one, the next times will be extremely crucial and as I discovered Bitcoin is forming a decisive formation here that when completed can show the major determinations and result into a bearish continuation, therefore I detected all the important levels and likely outcomes we should consider with Bitcoins established structure and the upcoming destinies ahead. As when looking at my chart we can watch there the fundamentally significant formation Bitcoin is forming here on the 1-hour timeframe perspective, this ascending-triangle-formation is marked in blue within my chart and it is most often a bearish formation indicating a reversal and origin of strong bearishness when completed. Besides that Bitcoin also formed this coherent wave-count within the formation where it almost already completed all waves from A to D and is now about to complete the wave E that will finalize the whole wave-count, this important wave E will run directly into the strong resistance-cluster marked in my chart where it already got rejected once and a second rejection there will complete the ABC wave-count within this final wave E. Next times it will be meaningful how Bitcoin reacts within this resistance-cluster and when the pullback from there will be strong this will likely be the origin for the final completion of the ascending-triangle-formation that will show up when Bitcoin moves below the lower-boundary and close there as it is marked in my chart, such price-action will indicate protracted and strong bearish pressure to follow-up to a point where support will be tested which will firstly be the level marked in blue in my chart at 18250 which will be extremely decisive because when Bitcoin does not hold this level sustainably and manages a bounce from there the bearishness will continue and move into an exaggeration when closing below this level. When Bitcoin shows up with the bearish validations here as suggested this does not mean Bitcoin is completely bullish in the long-run nevertheless we should definitely not keep this bearish perspective out of sight especially as the double-top scenario is still given within the structure and the possibility increases when Bitcoin initially completes the ascending-triangle-formation here. It is a good example that shows that the underlying volatility within the cryptocurrency market should not be underestimated and as sophisticated traders, we should be prepared on such scenarios when lining up within the market without overspeculate things in one definite direction as it is seen too often these days. In this manner, thank you for watching, have a great day everybody, and all the best! "Prospect is the ingredient of good fortune." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
42
Bull-Trap Realized, Bitcoin Is In A Precarious Situation!Hi my friends, Welcome to this analysis about Bitcoin, we are looking at the 4-hour timeframe perspective, as I mentioned in the previous analysis Bitcoin made the all-time-high however to succeed with this all-time-high and move forward with new highs above it Bitcoin had to close remarkably above the previous all-time-high, this does not happen and Bitcoin pulled back two times after it approached this new high area, after the decisive and necessary close was not realized Bitcoin confirmed the major bull-trap I suggested will happen when Bitcoin gets rejected within this new-high-area. Now as this price-action has shown up here there are some significant signs I discovered worthwhile to look at determining Bitcoin's upcoming outcomes, therefore we are looking at all the important levels and likely perspectives we should consider with Bitcoin and its current situation. As when looking at my chart you can watch there how Bitcoin now realized the major Bull-trap above the all-time-high as it got rejected and moved into testing this first important dashed ascending-trend-line which is the first bullish reference-point in this structure, besides Bitcoin confirmed the second top within the double-top-formation, taking these factors into consideration it is highly likely that Bitcoin firstly shows up with more bearishness especially as Bitcoin is still trading in high overbought-conditions, this bearishness will firstly move below the dashed ascending-trend-line and to test the 120-EMA marked in green after the close below the trend-line showed up, now this will be a crucial point within the structure because when Bitcoin does not hold it and increases with bearish pressure this will give the edge for a more protracted bearish continuation which will fully unleash when Bitcoin moves below the neckline of the major double-top-formation. When Bitcoin shows up with such a price-action it will extremely increase the bearish pace and point to much lower levels in the structure which should not be kept by side and as traders, we should prepare for this scenario properly. Bitcoin made the new and long-awaited all-time-high almost since 2.95 years however this new high was not sustainable and Bitcoin realized the bull-trap that I already kept an eye on, it was great so see us realizing profits. The next times will show how Bitcoin will pursue further here and how it will increase with bearishness. When this bearish pressure increases remarkably the double-top confirmation will not be far away. This dynamic shows one more time how volatile the cryptocurrency market is and how swiftly it can change direction especially in the ranges trading these times where smart-money operators and market makers noted the possible profitability of cryptocurrencies volatility, this is why it is so important to assess the market in the right manner and do not over speculate it as seen too often these days to line-up consistently and professionally which is building the fundament for achievements in trading, this is also the philosophy the elite channel has its origins and advancements in greatly achieving the proper results within the volatile cryptocurrency market and moving forward as despite the changes within the market. In this manner, thank you, everybody, for watching this analysis, great contentment for everybody supporting, have a good day, all the best! "Prospect is the ingredient of good fortune." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
66
BITCOIN Makes The Preliminary A-T-H, What Are Key-Elements Now! Hello Traders Investors And Community, Welcome to this fundamentally important analysis about Bitcoin on the 4-hour timeframe perspective, what major historical price-actions we seen the last times here, Bitcoin made the all-time-high remaining since 2.95 years and taking out the high established within the 2017 bull market, in several established exchanges formed this new all-time-high while it is still below within others, what is crucial to assess here is that it is not seldom seen that after such all-time-high is made a bull-trap follows firstly moving into the new high-zone and after that pulling back again into the previously established range, such price-action could be watched within Bitcoins past and also within other assets as supply entering the market and providing a key bull-trap that firstly visits lower levels before a new approach can develop, besides that I detected other important signs within Bitcoins current structure worthwhile to look at, therefore we are looking at all the important levels and considerable price-actions we can expect upcoming times. As when looking at my chart you can watch there the previous all-time-high-condition marked with the blue line at the 19666.00 this all-time-high is now taking out and Bitcoin firstly showed up with some smaller pullbacks here as it is approaching the zone anew this will be crucial as it will determine if this new high was just a bull trap or not, for the bullish perspective to emerge further it is now from high importance that Bitcoin closes within the box marked in my chart in orange, when Bitcoin just moves into this level and then shows a wick to the downside it will not be a sustainable breakout and proper bullish continuations ahead. When Bitcoin manages to move into this orange box and close there we can expect the next moves to establish as it is marked in my chart, such price-action will also activate the preliminary targets. On the other side when Bitcoin does not hold the level and moves below the 1st ascending-trend-line marked in my chart in blue this will move Bitcoin into a precarious situation where it firstly will visit lower levels in the structure and test the other remaining trendlines. In this manner, thank you for watching the analysis, have a good day and also good trading, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
12
Bitcoin, Major Decision Incoming, These Scenarios To Consider!Hi my friends, Welcome to this fundamentally important analysis about Bitcoin on the 4-hour timeframe perspective, last times were highly volatile for Bitcoin, and this volatility keeps going on, we saw Bitcoin dumping all the way to the downside and now already forming these up moves, therefore it is a meaningful question if Bitcoin manages to fully recover or shows up with bearish price-action again as it is moving into the strong resistance anew which was already the origin of high bearish pressure to the downside, therefore I detected all the important levels and likely scenario we should consider with Bitcoins current situation and the upcoming destinies. As when looking at my chart you can watch there the major formation Bitcoin is currently forming here and actually, this is an important formation which will decide the continuations either to the up or downside when the price-action shows up and confirms one of these two possible scenarios. At the moment Bitcoin is approaching the strong resistance where it already formed the first top, this is why we can expect supply to enter here again and form a second pullback as it is marked in my chart, this pullback will move into the dynamic-decision-zone-cluster marked in my chart in blue from where Bitcoin will do the further conclusions and this cluster will be actually the crucial factor in the whole environment, from there we need to elevate two possible scenarios, the first is when Bitcoin manages to bounce within the cluster and moves forward to finally establish a breakout above the upper-resistance which will complete the formation as a triangle, the second one is when Bitcoins bearishness is that strong and it moves below the cluster and below the trendline which will confirm the formation as a double top and activate lower levels in the structure and strong protracted downside price-action ahead. For now, it is of high importance to keep patient and wait on the proper confirmations to show up in the structure before moving in the right direction, when these confirmations show up this will give the informational input needed to elevate new assessments, we should not keep by side here that Bitcoin is near its all-time-high and already showed these volatile movements where it now needs to show the further conclusions, therefore we should be prepared on the confirmations and after that take the appropriate action, everything else is too speculative and already seen too often these days, as sophisticated traders we need to elevate the market when the validations completed, it will be a paramount journey ahead. In this manner, thank you for watching the analysis, have a good day and also good trading, all the best! "Prospect is the ingredient of good fortune." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
11
Bitcoin, H-S-Formation Completed, Running Into Resistance!Hi my friends, Welcome to this analysis about Bitcoin on the 30-minute timeframe perspective, Bitcoin has managed to somewhat recover from the strong bearish moves to the downside and formed little up moves from there, the big question is now if these bullish sightings are sustainable or it is just a setup for more bearish pressure to emerge the next times, therefore I detected all the important levels and likely outcomes we should consider with Bitcoins established structure and the upcoming outcomes to expect. When looking at my chart you can watch there how Bitcoin completed this important inverse head-and-shoulder-formation marked with the blue neckline and the orange shoulders as well as head, furthermore, Bitcoin manages to move above the major EMAs here and is now holding above the 400-EMA in red which gives an indication that Bitcoin is likely to follow-up with bullish moves and reach the projected upside targets from the confirmed head-and-shoulder-formation, these upside targets lying at 18550 you can watch in my chart marked in orange are not only upside targets but also strong resistance where Bitcoin will possibly not just move through, it is more to consider that Bitcoin firstly shows up with bearish pullbacks when it approaches this level which makes the level a possible short-entry-zone as it is marked in my chart. When such pullbacks show up here Bitcoin will move on with bearishness till there can come a recovery which can happen within the blue level seen in my chart supported by the Fibonaccis, this level is extremely inevitable to hold considering bullishness because Bitcoin will move on with the bearish pace when closing below it. The upcoming times it will be significant and crucial how Bitcoin reacts within the still remaining resistance here, what is necessary to bear in the mind is that Bitcoin has shown up with these heavy bearish movements to the downside where it is not seldom seen that the market firstly shows up with a new move to the downside that should definitely not underestimated and kept by side here, only when Bitcoin manages to show serious reversal signs the market can be elevated anew till then the bearish perspective are just too strong to not foresee them to continue. In this manner, thank you for watching the analysis, have a good day and also good trading, all the best! "Good luck is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
6
Bitcoin, Historical Tests Incoming, These Levels Are Important!Hi my friends, Welcome to this analysis about Bitcoin, we are looking at the 4-day timeframe perspective, the recent events, the current formational structure, what we can expect the next times and how to possibly handle upcoming situations in an appropriate manner. As expected Bitcoin the last times managed to form the bullish breakout above the massive ascending-channel-formation marked in blue where it managed to advance higher till near all-time-high before the strong bearish moves came in and Bitcoin firstly shown up with a pullback, now Bitcoin is mingling in the structure and there will come significant tests which will be the determining source for the next outcomes to show up, it will be a big question if the breakout is sustainably and will move higher or if it was a bull-trap and Bitcoin moves into the big channel again which should not be kept by side currently, therefore I detected all the meaningful levels and forthcoming perspectives we should consider in the structure developed here. When looking at my chart we can watch there how close Bitcoin was to the established all-time-high-condition before the pullbacks shown up in the structure and firstly moved down, besides that you can watch this massive ascending-channel-formation Bitcoin has established where it has support within the upper-boundary and furthermore several other supports lying there consisting of the 15-EMA marked in green, the 20-EMA marked in red and also the ascending-trend-line marked in grey in my chart, taking these factors into consideration here Bitcoin will test these levels the next times as it is marked in my chart, it will be inevitably for a bullish consideration that Bitcoin bounces within this blue cluster and do not falls below it into the channel again because this will increase the bearishness again within the bearish-continuation-zone marked in red in my chart nevertheless when Bitcoin manages to bounce in this cluster there can develop some further solid potentials. The next times will show how Bitcoin reacts into the cluster and how it furthers from there, when Bitcoin manages to stabilize in the cluster as it is marked in my chart this can be a good origin for a new attempt to move above the all-time-high-condition and develop a new one, when such price-action shows up Bitcoin will activate firstly higher levels at around the 26.000 USD, here it is important that Bitcoin does not pullback again and form a double-top because this can be the source of lower levels to be visited again, for now, we should be prepared for more downside to come till this has been stabilized and Bitcoin can recover, the market is not complete bearish at the moment however when things change and this bearishness increases we should consider it from the right angle and do not overspeculate the market as this is happening to often these times, the next times will show how Bitcoin develops under the suggested circumstances and it will be an interesting journey. In this manner, thank you for watching the analysis, have a good day and also good trading, all the best! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
5
Bitcoin, Facing Two Upcoming Scenarios, One More Likely One!Hi my friends, Welcome to this analysis about Bitcoin, we are looking at the 12-hour timeframe perspective, the recent events, the comparison to the analysis on the nearer timeframe, the currently established structure, and where the journey can move the upcoming times. As already mentioned in the previous analysis since Bitcoin completed the major broadening-wedge-formation and shown up with the heavy bearish decline it is still in a precarious situation with strong resistance layers lying in the structure which are likely to firstly confirm and show up with a pullback, the big question then will be if this pullback can manage to stabilize above the trendline or Bitcoin moves on with the bearishness and visits even lower levels ahead, therefore I detected the two upcoming scenarios we should consider here and with one more possible scenario that we should not keep by side in this structure and upcoming movements. As when looking at my chart we can watch there Bitcoin currently still trades above this important trendline and bounced within the 50-EMA marginally however even that strong that it can test the upper-resistance layers from here that you can watch marked in my chart with the red level, when Bitcoin approaches this level it will firstly initiate a pullback from there that will then move on to test the ascending-trend-line marked in my chart with the grey lines where also the 50-EMA is coming into place and holding it to the upside when Bitcoin manages to bounce within this cluster which is not the more likely scenario with 35% there can be a new crucial test of the resistance-layers expected and possible continuation from there nevertheless that is not the most possible scenario at the moment, the more possible one with a possibility of 65% is the protracted bearish move which is not seldom seen after such a formation and bearish downside volatility developed, this scenario with the bigger likelihood will play out when Bitcoin moves below the ascending-trend-line and closes there, such price-action will validate further bearish pressure where Bitcoin will move on till the second ascending-trend-line is reached. What is from high importance at the moment is to bear in mind that Bitcoin developed this strong bearish pullback to the downside and that they are not necessarily over yet as the market often shows up with a next bearish move to the downside after such initiation as the past has already noted often. For traders this now means to keep patient and look how Bitcoin reacts within the established structure to possibly enter the market when the time is ripe better than to rush into trades that do not provide the proper satisfaction, in any case, we should not keep the bearish continuation out of sight here as they can show up under the prospected circumstances which does not mean Bitcoin is completely bearish on the more middle-to-long-term however as things change the overall picture can form into a more bearish one where we as sophisticated traders should prepare on to take appropriate action when it is auspicious. In this manner, thank you for watching the analysis, have a good day and also good trading, all the best! "Prospect is the ingredient of good fortune." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
25
Bitcoin, Since Bearishness Developed, Important Considerations!Hi my friends, Welcome to this preliminary important analysis where we are looking at Bitcoins 4-hour timeframe perspective, the recent events, the current formational structure, what we can expect the next times, and how to possibly handle the situation in an appropriate manner. Bitcoin recently shown up with heavy bearishness to the downside almost exaggerating after it completed the broadening-wedge-formation, now Bitcoin found some marginally support however there are some other crucial perspectives to consider therefore I detected all the important levels and likely outcomes we should consider within Bitcoins current structure and the ongoing movements. As when looking at my chart we can watch there Bitcoin now fully completed the broadening-wedge-formation it has formed marked in my chart in orange with the coherent wave-count within the wedge, now Bitcoins bearish declines shows up and moved into the preliminary support marked in my chart in blue where Bitcoin found some marginal support in the structure and bouncing there, this movement can show up with some more bullishness and establishing a little bounce to the upside with Bitcoin nevertheless this move will directly run into strong resistance layers above as you can watch in my chart marked with the resistance-cluster in red where several resistance-levels coming together consisting of the lower-boundary-resistance, the dashed ascending-trend-line and also importantly the 65-EMA marked in light-blue in my chart, taking all these factors together Bitcoin will highly likely pullback when approaching this cluster the big question then will be how strong the pullback will be, the first zone to consider after this next bearish pullback shows up is the preliminary support when this support does not hold Bitcoin will increase with bearish pressure within the bearish-continuation-zone marked in red in my chart. The developed events show one more time how swiftly and fast-moving the cryptocurrency-market still is and that the underlying volatility should not be underestimated, as Bitcoin approached a historical level supply showed up and bearish pushed the price to the downside, now it is not the time to fully keep the bearish perspective out of sight here as Bitcoin has still strong resistance layers above as suggested therefore we should be prepared for a possible second bearish move to the downside and do not estimate to speculate that the market will directly recover and move on bullishly again, for now we need to elevate how Bitcoin reacts within the resistance. In this manner, thank you for watching the analysis, have a good day and also good trading, all the best! "The eyes only see what the mind is ready to comprehend." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
49
BTC / USD Secondary trend. Potential triangle formationFrom the reversal zone after the breakdown of the resistance of the ascending channel, there was a strong impulse, first by 13% (local symmetric triangle after the breakdown of the resistance), then naturally by 18%. Notice the fractal with the previous high on June 6, 2019 (not shown in the chart). There is a high probability (almost always) of a large triangle or similar formation with a similar psychological effect forming at the top of the trend (to inspire uncertainty and doubt). If this happens, then the price movement of the crypto market brand will go sideways for some time. When Beethoven is in a limited price range, we will see, first of all, a super pumping of highly liquid top altcoins. I want to note, who does not understand the logic of work and the psychological effect-action, with corrective (downward) movements (figure formation), those altcoins that will be pumped can be similarly adjusted by an average of 30%. The weaker the sect of believers in the asset, the greater the percentage of price reduction. It is worth noting that a lot depends on who is the “shepherd” of the asset and what interests of market players who have large positions and can affect price movements for purely personal purposes. Most altcoins are now near the breakout line (zone) of the main trend. The first alt, for example, with a similar situation and where the trend reversal occurred, is LTC. (I have a trading idea). LTC / USD Main trend. Monthly schedule. Triangle. Pivot points. This is a trading idea that I posted 1 month ago. Main trend. Secondary trend reversal on the BTC / USD trading pair. By the way, I showed this symmetrical triangle of the secondary trend for BTC / USD and the time of its formation in a trading idea more than 1.5 years ago. I left a link to the idea under this trading idea. BTC / USD Main trend. Triangle Secondary trend reversal zone. On BTC, and on the market in general, be careful, learn to see what the majority does not see, because they were taught to be blind by their own "pastors". At the moment, the price of the BTC / USD pair is quite high from the lines (zones) of the main trend and the secondary trend (red and blue thick lines). Very strong bullish sentiment, this is not surprising given what position the United States may find itself in in the near future, which may lead to unstable fiat currencies. I publish trading ideas on a voluntary basis, I have no personal benefit from this. I don't need recognition, self-affirmation, status, and the like in a virtual fake world. I will ask the characters for whom it is important to be "noticed" to refrain from silly comments, if they do not like something - walk by. Under this trading idea, I have attached old trading ideas (with an update and explanation of how to work with key price movements from pivot zones). Shown is my trading in this trading pair for about 1 year. Also check out the latest trading ideas for this local trend over several months and very accurate price movements.
BITSTAMP:BTCUSD
by SpartaBTC
3
Bitcoin, Why The Upcoming A-T-H Can Lead To A Massive Bull-Trap!Hello Traders Investors And Community, Welcome to this analysis where we are looking at Bitcoin and its 4-hour timeframe perspective. The last days and weeks Bitcoin almost exaggerated with bullishness to the upside and formed significant upward surges onto the point where it is likely to form a new all-time-high as already mentioned in previous analysis, at this time it seems likely the market is bullish only and many speculative traders moving long into the market and yes there is still room in the structure for Bitcoin to move higher and form the all-time-high in the upcoming times nevertheless we should not underestimate the other important signs as I discovered crucial signals with which Bitcoin can change direction if it shows up with the decisive price-action, therefore I detected all the important levels and likely outcomes we should consider with Bitcoins current structure and the ongoing events to happen further. Ascending-Wedge-Formation And Bearish-RSI-Divergence: As when looking at my chart we can watch there how Bitcoin established this strong ascending-channel-formation with the boundaries marked in blue and besides that the coherent wave-count established already completed waves A-D, as Bitcoin now approaches the last wave E in the structure this is likely to emerge from the current back-up-cluster marked in my chart in blue where Bitcoin has the local support as I suggested already previously Bitcoin also already completed a head-and-shoulder-formation here. All these factors suggesting the final wave E to establish and therefore form a new all-time-high as this is marked in my chart nevertheless as this new all-time-high will emerge Bitcoin is approaching the upper-resistance and also the fact that this price-action will complete the whole cycle will define a bearish reaction when Bitcoin approaches the major-resistance-cluster marked in my chart in red, together with the formed bearish-RSI-divergence Bitcoin has a high possibility when completing this price-action to form a bearish pullback from there firstly visiting lower levels, when such movements show up this will lead to a massive bear-trap in the structure and Bitcoin will be likely to show up with increased bearish pressure. Emerging Bull-Trap And Upcoming Perspectives: The upcoming outcomes will be extremely crucial for Bitcoin as the completion of the formation can lead to a strong bearish reversal under the suggested circumstances, besides that Bitcoin is highly overbought and it is logical that exponential bullish growth can not go on forever even when many people are bullish and believe in the bull market we should see the things logical and do not underestimate the likely emerging bull-trap here and the considerable bubble Bitcoin is building as this is also seen within the stock market, the corona crisis is still going on and there did not yet developed any serious changes in real economy and the market as the real economy is still damaged by the crisis. Besides that such traps Bitcoin is likely to show up with already occurred in Bitcoins past and they are also not seldom seen within other asset classes. For us as traders, this means to be prepared for a possible swift in trend when Bitcoin moves on with the suggested circumstances, and as the past has already shown changes in direction can happen within cryptocurrency faster than expected. In this manner, thank you for watching the analysis, have a good day and also good trading, all the best! "Prospect is the ingredient of good fortune." Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
12
Bitcoin, Head-Shoulder-Breakout Pointing To New All-Time-High!Hello Traders Investors And Community, Welcome to this update-analysis about Bitcoin, we are looking at the 2-hour timeframe perspective, the events that occurred, the established structural developments, what we can expect now the upcoming times, and how to possibly handle the situation in the right manner. As mentioned in the previous analysis Bitcoin formed this major head-and-shoulder-formation with the more possible and awaited bullish breakout with 65% possibility to the upside, this more likely breakout now finally emerged and Bitcoin showed up with these strong bullish signs, therefore I detected the important levels and upcoming outcomes to consider at the moment. When looking at my chart we can watch there how strong this bullish breakout finally showed up which was a solid bullish sign within the structure confirming continued bullishness ahead, now, it is not seldom seen that Bitcoin shows up with a pullback to the breakout origin after such confirmations established, in this case, it will be the confirmational-bounce-zone marked in blue in my chart where Bitcoin has severely support levels lying there consisting of the 45-EMA in grey, the 65-EMA in red and overall very important the support which was previously resistance before the breakout showed up, when Bitcoin moves into this zone it has some good potentials to move forward and as Bitcoin manged to form this great breakout Bitcoin activated upside targets lying at the structure at 20200, when these targets reach which has a good likelihood this will also be the new all-time-high for Bitcoin exceeding the old one. After Bitcoin reaches these targets it has to be elevated if there can come a bullish continuation right away or Bitcoin firstly shows up with bearish signs which should not be underestimated here as Bitcoin is trading within these overbought conditions which can be the fuel for a bearish pullback after the targets reached, besides such movements arent seldom seen after a bounce above all-time-high. The more likely bullish head-and-shoulder breakout now fully emerged and it shows one more time how technical analysis can function when applied right regardless of what academics is stating so often that it is all just a random walk, if you did not see this analysis referring to I highly recommend it to watch to have a full-depth-overview. The next times will be historical as the way the new all-time-high established can be a determining source for the further establishments and what should not be kept by side here is when Bitcoin shows up with a swift bearish move because this can indicate a bull-trap, it will be an interesting journey. In this manner, thank you for watching the analysis, have a good day and also good trading, all the best! "Trading effectively is about assessing possibilities, not certainties" Information provided is only educational and should not be used to take action in th
BYBIT:BTCUSD.P
by VincePrince
13
Bitcoin, H-S-Formation Forming, Bullish Breakout More Likely!Hello Traders Investors And Community, Welcome to this analysis, we are looking at Bitcoin and its 2-hour timeframe perspective, the recent events, the current formational structure, what we can expect the next times and how to possibly handle the situation in an appropriate manner. Since Bitcoin initially showed up with these bearish pullbacks with origin in the 18900 level which we made some good profits with the short resulting out of it, Bitcoin is now forming an important formation that I discovered will be the determining source in the next outcomes therefore I detected all the important levels and likely outcomes we should consider with Bitcoins current structure and the next scenarios to assess. When looking at my chart we can see there Bitcoin now building this major head-and-shoulder-formation with the neckline marked in blue and the left-shoulder as well as the head already formed in the structure, now Bitcoin is about to finalize the right-shoulder which at the end will complete the whole formation and point to the proper breakout in the structure. As Bitcoin has still solid supports lying there consisting of the 65-EMA and the blue horizontal support the bullish breakout has a greater possibility of 65 % and should be much more expected in comparison to the bearish breakout with a possibility of 35 %. When considering the bullish breakout this will finalize with a breakout above the descending-dashed-trend-line and a close above the resistance-zone marked in red in my chart, when Bitcoin shows up with such price-action here this will activate upper targets with a minimum at 19700 where the market needs to be elevated anew when the targets are reached and it will be important if there comes firstly a reversal which will be not unlikely or a bullish continuation right away which is not the most possible scenario when considering the conditions. Bitcoin is in a situation where it has to show how it manages further from here and how it completes the more expected bullish scenario in the structure that will show the conclusions further, even though Bitcoin is trading already in overbought zones this does not mean it can move higher and form new highs however the bearish perspective should not be underestimated in any case because Bitcoin is moving into zones where a swift reversal and change in direction can establish more easily and as past has shown this can come faster than expected within the cryptocurrency market, for now, the breakout will be important and this will be an interesting development. In this manner, thank you for watching the analysis, have a good day and also good trading, all the best! "There are many roads to prosperity but one must be taken." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
10
Bitcoin, Builds Big Flag-Formation, Important Considerations!Hello Traders Investors And Community, Welcome to this analysis about Bitcoin, we are looking at the 1-hour timeframe perspective, the recent events, the current structural formation, and what we can expect in the upcoming times. As already mentioned previously Bitcoin has this very important descending-trend-line in the structure which is a major reference-point here holding the bullishness to the upside, besides that Bitcoin is building other significant signs I discovered meaningful for the next outcomes and destinations, therefore I detected all the important levels and likely scenarios we should consider for Bitcoins established structure and the forthcoming destinies. When looking at my chart we can watch there Bitcoin is forming this preliminary big descending-channel-formation marked in blue and trading above the major descending-trend-line in black, besides that Bitcoin already formed a coherent wave-count within the channel-formation with the waves A-C completed and now the wave D to establish when Bitcoin manages the further bounces from the lower-boundary it is currently testing, this wave D will directly run into the upper-resistance-cluster marked in red in my chart where still strong resistance layers lying consisting of the upper-boundary-resistance and also the horizontal resistance lying there. Therefore this resistance-cluster will be actually a strong origin for the final wave E to establish that will complete the whole wave-count and move into the lower back-up-cluster marked in blue in my chart where crucial levels lying determining for the final outcomes, Bitcoin needs to bounce in this level properly with a strong bullish move to examine a bullish breakout above the upper boundary of the channel as it is marked in my chart when Bitcoin shows up with such a price-action the huge channel-formation will be completed as a bull-flag and higher levels will be reached. In this case it is highly important that Bitcoin does not fall below the lower-boundary and below the descending-trend-line again because this will invalidate bullishness and mainly confirm the channel as a fake bull-flag with ongoing bearish pressure below the boundary. For now, it is necessary to elevate how Bitcoin moves on further in the channel and when the developments have a good pace this can show up with great potentials further ahead, in this case, it is of high importance that Bitcoin shows up with the price-actions as suggested and do not increase with bearishness again as this can invalidate the more likely scenario, currently it is important to keep patient and wait for the proper confirmations before just rushing into trades and overspeculate the market in the wishful direction as this is happening too often these days. In this manner friends, thank you, everybody, for watching, supports for more market insight will be great, have a good day and good weekend as well! "Prospect is the ingredient of good fortune." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
3
Bitcoin, Trading Near A-T-H, Bullish Signs Despite Overbought!Hello Traders Investors And Community, Welcome to this analysis where we are looking at Bitcoins 4-hour timeframe perspective, the recent events, the current formational structure, what we can expect over the next times and how to possibly handle the upcoming situations. Since the corona crisis established this year with initial heavy breakdowns in all global markets Bitcoin has managed to recover after these breakdowns fully emerged and the bottom was developed, now Bitcoin somewhat magically managed to move into the all-time-high region which is a historical point as Bitcoin only spend few days within this region, the market is overbought and the fear-and-greed-index near its all-time-high also, normally such conditions are good to prepare possible shorting within the market however as I detected Bitcoin is still sending bullish signs here which should not be underestimated and as Bitcoin approaches this meaningful area I detected the important zones and likely outcomes we should consider over the next days. When looking at my chart you can watch there Bitcoin is trading within this huge ascending-channel-formation marked in blue where it already tested severely the upper-boundary, normally what is seen after this kind of trading within such a channel is a heavy breakout either to the up or downside and as Bitcoin established more bullishly signs the bullish breakout has more possibilities, it was also very significant that Bitcoin managed to complete the triangle and wedge-formation I already mentioned previously. The next times we can expect Bitcoin to continue bullish when it manages a decisive breakout above the upper-boundary as it is marked in my chart, when this happens the way for a new all-time-high is there which will possibly emerge when Bitcoin increases in bullish price-action above the boundary. When Bitcoin finally completes a new all-time-high this will be crucial as the indicator conditions are still overbought with Bitcoin and what normally comes after such overbought-phases is minium a correction to the downside which we should not underestimate in terms of realization of the overbought-conditions. In this manner friends, thank you, everybody, for watching, supports for more market insight will be great, have a good day and good weekend as well! "Miracles tend to happen outside the usual experiences ." Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
23
That escalated quickly! 🌋Since our last update, the bulls manage to break the two important resistance levels at $12067 and $13764. This results in a further escalation to higher quotations. After the market only reached minor correction targets, we entered another long position at around $16000. We expect wave 1 in light blue to continue. The target is around the current all-time highs at 20k. After wave 1, we still anticipate a bigger correction to lay a long-lasting fundament. Happy Trading!
BITFINEX:BTCUSD
by MarketIntel
3
Bitcoin, Managed A Great Triangle-Breakout, Likely Perspectives!Hello Traders Investors And Community, Welcome to this analysis where we are looking at the triangle I already mentioned previously from a more local perspective, the recent events, the formational establishment and what we can expect the next times. Bitcoin recently managed to breakout above the major upper-boundary and succeeded in confirming this triangle bullishly to the upside, as this important price-action gave the initial direction now there are other meaningful factors I detected adding into the structure, therefore I discovered the preliminary significant levels and likely perspectives we should consider with Bitcoin and its further development ahead. As when looking at my chart now you can watch there Bitcoin has shown up with this strong exponential volatile breakout above the upper-boundary and already tested the dashed grey descending-resistance-line. Now as it is not seldom seen that after such a breakout of the formation a pullback emerges travelling back to the initial breakout zone which will be in this case the upper-boundary of the formation, furthermore Bitcoin has some solid supports in this structure coming together and adding into this bullish-confirmational-cluster marked in blue were the several supports adding into consisting of the 80-EMA in green, the 120-EMA in red, the upper boundary of the formation in blue and also importantly the upper-boundary of the huge broadening-wedge-formation I mentioned previously. When Bitcoin approaches this important cluster a bounce to the upside is highly likely, this bounce will continue when the bullishness is strong enough and to finally appear with this it is from high importance that Bitcoin does not fall below the cluster again. When Bitcoin proceeds with the bullish price-action and moves above the dashed grey descending-resistance-line it is likely to continue and point into the triangle-targets marked in blue in my chart from where a new allocation needs to be done. The motions Bitcoin has now shown up with have one more time shown that the cryptocurrency market can change extremely fast in volatility which can provide some good opportunities when catching up into the market with the right lineup this is where we succeded within the channel as we have also taken advantage of it and the approach measured by me here shows that technical analysis is a science that can function well when applied right regardless of what academics is stating so often that it is all just random walk, as Bitcoin has now developed this fundamental price-action it will be an interesting further development coming up next times. In this manner, thank you, everybody, for watching, have a good day as well as good trading, 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
30
Bitcoin, Formed Major B-Wedge-Formation, Likely Steps Ahead!Hello Traders Investors And Community, Bitcoin recently has shown up with exaggerated bullish volatility to the upside and in this case, I detected some highly important signs on the 2-hour timeframe perspective, Bitcoin already formed this massive formation where when it shows up with the proper price-actions now can increase with potentials coming up the next times, till then it is important to assess the proper validation before going into the direction and when it happens there will come some great opportunities ahead, therefore I detected all the important levels in the current structure and what outcomes are likely to show up the upcoming times under given circumstances. When looking at my chart you can watch there Bitcoin builds this huge broadening-wedge-formation with the boundaries marked in blue and the wave-count already formed and completed with the recent breakout above the upper-boundary as it is marked in my chart, above this boundary Bitcoin now builds this new important formation which the confirmational-triangle-formation marked in orange in my chart that will be worthwhile the next steps ahead. When Bitcoin manages to breakout above the boundary of this formation and close there this can lie ground for continued bullish pace further in the structure, when Bitcoin manages then to pull back and confirm the 15-EMA in blue together with the upper-boundary as support this will be the proper price-action for continuations ahead, in this case, it is highly important that Bitcoin does not fall below the 15-EMA and the boundary again because this can possibly invalidate the bullishness and show up with bearish pressure visiting lower levels in the structure. Bitcoin is trading in a situation where it has formed some solid formational indications that can show up with great continuation realizations ahead as suggested, now it is important to keep patient to the final confirmation to anticipate the upcoming targets. When Bitcoin reached the target zone seen in my chart at the 19400 level it has to be elevated if Bitcoin manages to continue right away bullishly from there or firstly forms a reversal testing lower levels in the structure anew nevertheless the bullish pace Bitcoin has shown up with here can continue when the conditions develop in the right manner, this will be an interesting journey ahead. In this manner, thank you, everybody, for watching, have a good day as well as good trading, all the best! “Miracles tend to happen outside the usual experiences.” Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
17