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Bitcoin-trading

Bitcoin, Next Bull-Trap Possible When This Zone Approached Anew!Hello Traders Investors And Community, Welcome to this fundamentally important analysis about Bitcoin, we are looking at the 2-hour timeframe perspective, the recent events, the current formational structure, and what we can expect the next times. As seen in the past after Bitcoin moved into the new all-time-high zone it has shown up with heavy bearish declines to the downside which was expected when the swift pullback set in as Bitcoin has shown up with it, Bitcoin had to stay above the all-time-high and close there and as this does not happen the bearish pressure came in and increased to visit the lower levels, at the moment Bitcoin is in a very similar situation where it is forming price-action that can indicate a similar swift reversal and pullback to the downside minimum to test lower supports, this is why we should not underestimate a next bull-trap moving in here and also be prepared for this case, therefore I detected all the important levels and likely perspective we should exemplify with Bitcoin in its developed structure and the upcoming outcomes ahead. As when looking at my chart we can watch there how Bitcoin is about to build this ascending-wedge-formation which is normally known as a bearish reversal formation indicating the reversal when the formation completes, at the moment this formation is held to the upside by the 20-EMA marked in my chart in grey and Bitcoin also developed this coherent wave-count within the formation already completing waves A and B after which Bitcoin is now about to form the next wave C which will lead into the remaining upper-resistances and when these are visited Bitcoin is likely to follow up with the next waves within the wave-count, the crucial point will come when Bitcoin finishes with this wave-count and the last wave E which will run directly into the bull-trap-zone marked in my chart in red where Bitcoin has this strong resistance-cluster leading into several major resistances and therefore is likely to form a new bull-trap when visiting this zone similar to the past ones. When Bitcoin then finally moves below the lower-boundary as it is marked in my chart the bearish pressure will increase and Bitcoin will point to the lower-levels determined minimum at the 18700 level. For now, we should keep patient and register this possible swift bull-trap coming up in the near future to do not get overwhelmed when it finally sets in. 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.
BYBIT:BTCUSD.P
by VincePrince
19
Bitcoin, Is Building Major H-S-Formation, Upcoming Scenarios!Hi my friends, Welcome to this analysis about Bitcoin, we are looking at Bitcoins 12-hour timeframe perspective, the recent events, the current formation forming, and what we can expect the next times ahead. For now, it is important that we elevate that Bitcoin is still trading in an indecisive range since it formed the bull-traps above its all-time-high, this is why a confirmation to the up or downside will happen sooner or later and validate the further movements, besides that, I discovered a decisive formation Bitcoin is establishing here which will be the leading source in the upcoming finalization of confirmation in the proper direction, therefore I detected all the important levels and likely outcomes we should consider with Bitcoin in its current structure and the upcoming perspectives ahead. Structural Developments: As when looking at my chart we can watch there how Bitcoin has moved on with this major head-and-shoulder-formation marked in my chart in orange with the blue neckline, Bitcoin already fully completed the left shoulder and the head and is now about to form the right shoulder which will finalize the whole formation and therefore point to the proper breakout. Besides, that Bitcoin has supports lying within the 45-EMA in green, the 55-EMA in red, and the neckline where Bitcoin is building the decision-zone marked in my chart with the orange box. What is also important in this structure here is the upper-resistance and the lower-support which are the crucial reference points for each direction to confirm as it is marked in the chart also. Upcoming Perspectives: Taking these technical factors into consideration, in upcoming times we can expect a pullback as it is marked in my chart as Bitcoin is approaching the still remaining strong upper-resistance layers, this pullback will also coherently match with the head-and-shoulder and right shoulder forming and this pullback will move into the decision-zone from where either the bullish or bearish confirmation shows up, the bullish one is at the moment the more likely one with a possibility of 65% compared to the bearish with a possibility of 35%. Each of these confirmations will show up above the reference zones as marked in my chart and for now it is important to keep patient and wait on the full validation before moving into the confirmed direction. 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.
by VincePrince
10
RSI Bollinger Bands- nailing reversalsWHAT IT IS: Moving averages of RSI are multiplied by Fibonacci harmonics to create "RSI Bollinger Bands." EFFECT: RSI bouncing off these Bollinger Bands (BB) predict reversals. Explained below: 1. When RSI touches the green multiples, it is overbought/oversold on the LTF. 2. If RSI touches orange multiples, it is EXTREMELY overbought/oversold on the HTF (don't miss out on these). HOW IT WORKS: The green pair of MAs are 1.141 and 0.786 which form the LTF signals. The lines restrict quick movements which aids in day-trading and scalping. The orange pair of MAs are 1.272 and 0.618 which from the HTF signals. The liens restrict large movement which aids in swing trading and spot investing.
BITSTAMP:ETHUSDLong
by Riester
Here Is What To Expect From Bitcoin Since This Key Validation!Hi my friends, Welcome to this update-analysis about Bitcoin on the 6-hour timeframe perspective, we are looking at the recent events, the established structural formations, and what we can expect in the upcoming times. As suggested in the previous analysis there existed two possible scenarios for Bitcoin after it visited the major decision-zone and as now seen Bitcoin completed the first scenario S1 as it managed to bounce within the decision-zone and finally move above the descending-resistance-line with this decent move. If you did not see this analysis I highly recommend it to watch to have a full-depth-overview. Now as Bitcoin validated this scenario it moved on to test the resistance and this is actually crucial in this structure as there is still paramount resistance above, therefore I detected the important levels and likely outcomes we should consider with Bitcoin in its established structure and the upcoming movements. As when looking at my chart we can watch there how Bitcoin now reached the S1-zone which was the final confirmation for this scenario marked in red. Now as there is still strong resistance lying established by the previous price-action we can expect a bearish pullback to the downside incoming within the near future, this pullback will move on till there is support found that can reverse the dynamic again and where Bitcoin has the abilities to stabilize again, this case can hold true within the back-up-cluster marked in my chart in blue where several supports coming together consisting of the 65-EMA in orange, the 85-EMA in green, the ascending-trend-line in blue and most importantly the two major Fibonacci-levels 50- and 61.8%, taking all these factors into consideration Bitcoin has some solid potentials to bounce within this cluster and move on to test higher levels ahead. Taking this into the schedule it is of inevitable importance that Bitcoin holds this cluster and do not fall below it because this will increase the bearish pressure to the downside again, therefore we need to keep patient and wait for the right confirmations here before overspeculating the market and rush into trades that do not satisfy. 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
7
Bitcoin, Trades In Key Descending-Channel, Likely Steps Ahead!Hi my friends, Welcome to this fundamentally important analysis about Bitcoins price-action-developments, we are looking at the 4-hour timeframe perspective. Bitcoin since it confirmed its two tops has formed important price-actions as it is forming volatile movements to the up and downside in a major formation I detected which will be the determining source the upcoming times, currently, it is important to note that the bearish possibilities aren't fully out of sight and that there is still serious supply lying within the market which should not be underestimated as Bitcoin has also overbought conditions within the higher timeframes as well as the major indicators, therefore I detected all the important levels and likely outcomes we should consider with Bitcoin, the formation currently forming here and how this formation can possibly complete and turn out in some solid potentials. Descending-Channel-Formation And Structural-Development: As when looking at my chart we can watch there how Bitcoin the last times formed this massive descending-channel-formation with the lower- as well as upper-boundary marked in blue, besides that Bitcoin developed this coherent wave-count within the formation where it already completed waves A-D with the wave D currently moving into this strong-upper-resistance-cluster marked in red in my chart where several resistances coming together and therefore has a high likelihood to show up with the bearish pullback within which will actually be the origin of the final wave E to the downside which completes the whole wave-count. This finalizing wave E will divide into an ABC-wave-count similarly as Bitcoin has shown it in the waves before where Bitcoin is firstly going to test the lower-line of the channel and after that move on to the lower-boundary. Upcoming Prospects And Potential Validations: When Bitcoin completes the whole wave-count the final wave E is likely to move into the lower back-up-and-breakout-origin-cluster marked in blue in my chart and lying within the lower-boundary and also matching with the lower-support as well as the 300-EMA within this zone, this cluster has some good possibilities to indicate a bounce which then has the potential to convert into a channel breakout when Bitcoin manages to increase with bullish price-action after bouncing within this level. This breakout will emerge when Bitcoin manages to move above the upper-boundary and validate it as support as it is marked in my chart, when such price-action has shown up Bitcoin will firstly test higher levels of resistance within the structure where it has the strong resistances lying above, it will be one more step into acquiring possible bullishness however the bearish perspective is still in the room as Bitcoin can also show up with another pullback similarly as it has done within this range already once or produce a wave-E-extension within the descending-channel-formation, for now, we need to assess how strong the pullback becomes and if the stabilization can establish properly. 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 | Simple Price Zones in The Consolidation Area!Hi, long time no see. Thought that I would point out some important areas after the price of Bitcoin made a tiny all-time high. Consolidation happening after that but my option - just put "stop orders" to the new all-time high and you would get a pretty solid trade if it breaks again. Actually, the key number would be the magical $20.000. I think if it breaks then the media, with titles, just drives the price into the huge prices. Before that, the short-term traders can catch also some moves if the price gets close at least 18.900 (on 4h tf) and you can take a retest of 18.600-700 (retest are supported with 50 and 100 EMA's and with the strong horizontal area), the target would be the current all-time high, around 20k The third simple theory will bring the price as low as ~15.000. It can happen if the current tiny short-term consistency finds its end and get a 4h candle close below the red line which marks 200EMA. There are also some daily lows, so two in one, wait for a retest and you may get a solid opportunity. Regards, Vaido
COINBASE:BTCUSD
by VaidoVeek
34
Bitcoin, Fundamental Decisions Incoming, Potential Scenarios!Hi my friends, Welcome to this analysis about Bitcoin, we are looking at the 12-hour timeframe perspective, the recent events, the current formational structure, what we can expect the next times and what are likely scenarios to assess to finally move into the right direction when validations show up. As Bitcoin already formed this double-top-structure Bitcoin is still trading in a crucial situation where there is not only one fixed scenario given as it is often the case within the market, which is important to notify here because we need to keep patient and look for the proper confirmations to finally develop, therefore I detected all the important levels, likely scenarios and upcoming perspectives we should consider with Bitcoins established structure and the upcoming destinies. Formational Structure: When looking at my chart we can watch there how Bitcoin initiated this double-top-structure from where it already showed up with serious bearish movements to the downside to the point where it recently tested once already this ascending-trend-line marked in dashed grey in my chart which for now is still holding the bullishness to the downside however as Bitcoin has this descending-resistance-line and also other bearish formation building on the more local timeframes Bitcoin will look forward to pullback bearishly here and finally move below the ascending-trend-line to firstly point into the blue zone marked in my chart between the two dashed blue ascending-trend-lines which will be the key decision-zone for the upcoming movements possible to illuminate one of the two major scenarios as they are marked. Upcoming Perspectives: Basically, there are two possible scenarios to expect after Bitcoin dropped into the blue zone as it is shown, in this case, it is from high importance to anticipate if either the first or the second scenario finally show up before moving in the right direction and take the appropriate handling of the market. The first and more likely scenario is scenario A where Bitcoin increases with bearish pressure further to finally more below the double-top-neckline and point to the double-top-drop-target as it prospects within my chart, this scenario is not mainly unlikely because Bitcoin has already settled with the double-top-structure and besides that is still overbought on the higher timeframes. The second scenario, scenario B will develop when Bitcoin manages to bounce within the cluster with a decisive and volatile bullish move to finally manage to move above the strong resistance-zones and close above them with possible stabilization and continuation above. 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
22
Bitcoin, Bearish Moves As Expected, Major Tests Incoming Next!Hi my friends, Welcome to this update-analysis about Bitcoin, we are looking like within the origin-analysis on the 6-hour timeframe perspective, the recent events, the novel established structure, what we can expect the next times, and hot to possibly handle upcoming situations in a sophisticated manner. As mentioned in the previous analysis Bitcoin was likely to show bearish breakdowns and protracted continuation when moving below the middle-line and the EMA-structure, this is what happened now and Bitcoin showed up with strong bearish volatility to the downside moving into the prospected decisive zone where Bitcoin is trading now and which is a crucial factor in these developments, if you did not see this analysis already I highly recommend to watch it to have a full-depth-overview, this analysis is building a coherent follow-up to the previous one, therefore, I detected all the important levels and likely outcomes we should consider with Bitcoins established structure and the upcoming perspectives. As when looking at my chart we can watch there Bitcoin now moved on with the bearishness almost near the lower-boundary of its ascending-channel-formation marked in blue where it now showed some moves to the upside in the structure nevertheless these marginal bullish moves are very weak and they are running directly into resistance as the 55- as well as 45-EMA already confirmed bearishly, this can happen also the next times as Bitcoin is moving into the strong resistance-cluster marked in my chart in red where Bitcoin not only has the horizontal resistance but also the EMAs as resistance, taking this into consideration a bearish pullback will highly likely emerge when Bitcoin moves into this strong resistance, this pullback will move on to test the lower boundary of the channel and this will be the crucial part within this whole circumstances actually because when Bitcoin moves below the lower-boundary and closes there bearish pressure will increase and Bitcoin will move on further to fully complete the double-top as it is marked in my chart. At the moment the bearish scenarios can not be kept by side and underestimated here as the bearish signs are just to strong especially when looking on the global economic situation it holds true that a strengthening of the US-Dollar can increase the bearish pace in known assets like Bitcoin or Cryptocurrency which are anticyclical to the US-Dollar and besides that more measurements from global governments against the corona increase can lead to more damage firstly within the real economy and then also to important assets like we have seen it within march this year where Bitcoin and Cryptocurrency showed up with the sharp declines similarly to stocks after lockdowns emerged in a vast majority of countries, this faith can similarly lead to bearish mechanism also in the current situation and it is necessary to keep an eye on this to do not get overwhelmed by circumstances. Together with the technicals, these are the factors we should contemplate the next time to assess the market in the right manner and do not overspeculate it into one direction as it is seen too often these days. 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.
COINBASE:BTCUSD
by VincePrince
7
Why And How Bitcoin Can Form A Second H-S-Fractal-Formation!Hi my friends, Welcome to this analysis where we are looking at Bitcoins 1-hour timeframe perspective, as already mentioned previously Bitcoin has already completed this major head-shoulder-formation with the ongoing conclusions and as I detected now Bitcoin has the possibility to form an other major formation here which will similar outcomes when completed, therefore I detected all the important levels and likely perspectives ahead. When looking at my chart we can watch there Bitcoin currently already begins with similar price-action as we have seen it within the first head-shoulder-formation, besides that Bitcoin found some marginal support within the structure and as you can watch in my chart this second neckline has already built with the left shoulder developed, the next times we can expect some further up moves here which will run directly into the strong upper-resistance determined by the neckline and also the EMAs lying there, taking this into consideration it will likely be the origin of both the head as well as the right shoulder which when completed can also finalize this whole second decisive head-shoulder-formation here, this will show up when Bitcoin moves below the trendline with a decisive move and when such move happens we will see a protracted bearishness to the downside visiting mainly lower levels ahead. It is crucial to take note that the bearish movements may not even fully be developed yet even when the market somewhat seems to recover within the structure, in this case, the second head-shoulder-formation will be the leading source for further developments and where the journey is moving, it is important to be prepared on such changes in the near future and upcoming perspectives to not trade unsatisfying trades. 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
12
Bitcoin, Decisive Formation Completes, Ground To Continuations!Hi my friends, Welcome to this analysis about Bitcoin, we are looking at Bitcoins 1-hour timeframe perspective, a major formation Bitcoin has recently formed now finally completed bearishly to the downside and showed up with strong initial bullishness as already expected previously. Now Bitcoin found some marginal temporary support within the structure and besides that, I discovered meaningful signs within the structure worthwhile determining the upcoming outcomes and indicating a possible continuation when the decisive price-action shows up, therefore we are looking at all the important levels and likely outcomes we should consider within Bitcoins established structure and the forthcoming destinies. As when looking at my chart we can watch there the major head-and-shoulder-formation which Bitcoin recently confirmed bearishly to the downside with this strong volatility, this formation was completed by the move and now Bitcoin found some marginal support within this ascending-trend-line marked in dashed grey within my chart, it is important to note that the support here is not strong and when Bitcoin moves below this will cause the continuation, besides that Bitcoin is forming a coherent wave-count currently with the wave A already completed and the wave B currently in the making, the final wave C will then lead directly into this strong resistance-cluster marked in my chart in red, this is a heavy resistance once because it is the bearish-breakout-origin with the neckline of the head-and-shoulder and furthermore Bitcoin has also the EMA-resistance determined by the 200-EMA and 300-EMA as well as horizontal resistance within this zone. Taking all these important factors into consideration here a bearish pullback is likely to emerge when Bitcoin completes the wave-count within the upper resistance-cluster. When such price-action shows up Bitcoin will first move into the ascending-trend-line and test it, when this important trendline does not hold sustainably Bitcoin will move on and form a more protracted bearish continuation within the bearish-continuation-zone marked in my chart where the possibility to complete the double-top is still given. The upcoming times will show how Bitcoin will react within the suggested zones and how it moves on further from there, it is necessary to do not underestimate the bearish side of things here as Bitcoin has already shown up with this strong bearish pace and especially from a fundamental perspective a strengthening of the US-Dollar which is not unlikely to happen next times can also indicate a higher bearish continuation. For now, as sophisticated traders, we should keep patient and determine to elevate how the market is developing under the suggested circumstances before taking any action and rush into trades that do not satisfy, this is always necessary to point the goals within trading and achieve the success in trading. 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.
BYBIT:BTCUSD.P
by VincePrince
22
Bitcoin, This Channel-Boundary-Test Will Be The Decisive Source!Hello Traders Investors And Community, Welcome to this fundamentally important analysis about Bitcoin, we are looking at the 6-hour timeframe perspective, the recent events, the established structural formation, what we can expect in the upcoming times, and how to possibly handle the situation in an appropriate manner. As mentioned already in the previous analysis Bitcoin has formed several important bearish signs determined by the double-top and many bearish formations it developed on the local timeframes, if you did not see this analysis I highly recommend it to you to have a full-depth-overview, this analysis is building a coherent follow-up. As I discovered now Bitcoin is trading within a decisive constellation which can lead into the complete double-top-confirmation below its neckline when the determined price-action shows up, it is also necessary to note here that a strengthening of the US-Dollar Currency Index, as well as a corona-increase and the resulting measurements, can have a strong impact on Bitcoins situation and the possible bearish declines awaiting that can gain in speed when these events take place, which should not be kept by side now. When we look at my chart we can watch there Bitcoin is now testing the middle-line of the massive ascending-channel-formation marked in my chart in blue, this middle-line together with the 45- and 55-EMA is a significant reference-point in this structure currently still holding the movements to the upside, firstly it has to be noted that the bearish price-action will increase heavily when Bitcoin falls below this reference-point which is, by the way, the likely scenario to expect here, not only because Bitcoin completed this double top but also pulled back several times bearishly from this major-resistance-line marked in my chart in grey. Taking all these factors into consideration Bitcoin will continue bearishly next times when finally moving below the middle-line, when such price-action shows up the next support will be pointed which is the lower-boundary of the ascending-channel-formation, when Bitcoin visits this level it will be a crucial and decisive zone as it is marked in my chart with the orange box, when Bitcoin increases the bearish strength further and moves finally below this level it will complete the double-top as it is marked in my chart and result into a strong major-c-wave-extension, the only thing what can invalidate this scenario is a strong bounce from the lower-boundary which manages to somehow move above the major-resistance-line and close above it. Taking notice of all these measurements it will be of high importance how Bitocin reacts within the decisive-zone. Bitcoin is in a situation where the ongoing bearish declines are still within the possible spectrum especially when looking at the fundamental side of things can new corona measurements upcoming the next times lead to a reaction similar to what we have seen in March this year where almost all global financial markets showed up with heavy bearish declines to the downside, besides that the US-Dollar Currency Index is heavily oversold these times and is awaiting a possible reversal, such an increase in the USD can lead to selling pressure in more risky assets like stocks as well as cryptocurrency, these are two factors that can increase the bearish dynamic over the foreseeable future and should be contemplated when looking for a possible hedge on the bearish side. The crisis rolled on this year is still not over and it is possible that we have just seen the beginning, as traders we should take such factors into our considerations and be prepared when volatile assets like the cryptocurrency show up with swift changes within the structure, next times it will be important how Bitcoin reacts when forming the suggested circumstances. 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
29
Bitcoin, Forming Decisive Flag-Formation, Possible Scenarios!Hi my friends, Welcome to this analysis about Bitcoin, we are looking at the 1-hour timeframe perspective, Bitcoin the last times since it formed the all-time-high and the initial bull-trap resulting out of it already completed the ascending-triangle-formation which moved into first downside targets, now Bitcoin somewhat recovered from these moves and is now forming an important formation here that can be the decisive source for the upcoming outcomes, therefore I detected all the important levels and likely scenarios we should consider with Bitcoins established structure and the ongoing movements. As when looking at my chart we can watch there Bitcoin now has formed this ascending-channel-formation marked in my chart in blue with the coherent wave-count established within the formation already completing waves A to D and as Bitcoin now approaches the lower-boundary anew which already confirmed severely as support this can be the major origin for the wave E of the wave-count which will finalize the whole wave-count and therefore also the whole formation, this final wave E will directly run into the strong resistance-cluster marked in my chart in red within the upper boundary of the formation where several resistances lying and especially the bull-trap zone where Bitcoin formed the bull-trap after the all-time-highs made, in this case, it is a zone which will highly likely confirm as strong resistance when Bitcoins visits it and result into a pullback, when this pullback moves below the lower-boundary of the formation this will complete the whole formation as a bear-flag and will point to lower levels firstly into the ascending-trend-line, when this ascending-trend-line marked in dashed grey within my chart can not hold Bitcoin will increase bearish pressure below it. The bearish pullback especially in the middle and long-term definitely did not yet end and as there are the strong bearish signs established within the structure Bitcoin is likely to show up with the protracted bearish movements under the given circumstances not to mention here the heavily overbought conditions on the higher timeframes as well as on the shorter timeframes, this second bearish formation besides of the ascending-triangle which already completed is the next indication for a new bearish pullback that should definitely not be underestimated here. 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.
BYBIT:BTCUSD.P
by VincePrince
20
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