Get started

Bitcoin-trading

Bitcoin 28 Day Old Trend-Line Broken These Zones Are Important!Hello, Traders Investors And Community, Today I made an important observation in terms of the locally time-frame 4-hour bitcoin-chart, we just broke out of a highly respected 28 days old trend-line. This trend-line served bitcoin all the way from 3900 to 7450 and now it is broken to the downside! When looking at my chart we can see that bitcoin bounced several times at this trend-line, in fact, this was 5 times before on the trend-line before bitcoin broke finally to the downside the sixth time. You can see these bounces marked in purple and the breakdown to the downside marked in red, now the problem is that bitcoin can still fall more which wouldn't be good at all for further performance. For now, we see the first local support zone between 6600 and 6750, in this zone, it is possible that we see a bullish-bitcoin-bounce but this is in fact not 100 % sure at the moment, also we can see the bounce coming and then quickly falling back to the level where it was before. When we fall below 6600 that is critical for bitcoin because below there is a huge free-fall zone where many sellers and bitcoin bears will sell. When this scenario happens we can expect the first next support between 5900 and 6000 this will be a major zone that should be confirmed as support, from that level we can see a bounce to the upside. Okay what is also important is the major black trend-line currently above bitcoins price you can see it in my chart, this is a huge resistance right now and if bitcoin bounces at the mentioned support level we can expect the resistance firstly at the black trend-line, therefore I would be cautious with opening along to trade the reversal firstly it will be wise to wait for a confirmation which confirms a possible reversal. So this should be a good outlook of the current situation, have a good day and good trading profits, my friends! Thanks for watching my analysis, feel free to support my friends and don't forget as I always say: The ambition to transform opportunities into gold remains the most significant tool for a trader. In this manner FAREWELL Information provided is for educational purposes only and should not be used to take action in the markets
BITSTAMP:BTCUSD
by VincePrince
36
The Abnormality Within Bitcoins Current CycleHello, My Friends, I hope everybody of you is doing well in today's market-environment and welcome to this analysis about bitcoins current cycle movement. There are some important signs and worthwhile indications I made which also play a big role within the current corona crisis and therefore the logical consequences the crisis is playing for the cryptocurrency-space. First of all it has to be mentioned that most countries in this world currently note a decline in their economic growth because of the hard corona-measures, therefore, we can see a recession declining price-action in the stock-markets and the normal economic-markets like car-industry or luxury-industry but this fact does not necessarily mean the cryptocurrency is in a bear market or a bull market, I already pointed out in recent analysis that we are still consolidating in the middle-term and that the next weeks and months will show us where the journey is bringing us. People who say that this or that scenario happen 1000% for sure can't be right, we have to look on the possibilities taking place in the markets and elevate ourselves above mere speculation, therefore, it is important to watch the chart as detached as possible and don't set a final-result as the only possible solution defined, volatile markets can show massive turns in the indicators used from day to another. I recommend that you read the whole analysis to have a full-depth perspective of the current situation. In the crisis right now there are anticyclical investments like gold, pharmaceutics, food, and armor-industry! These fields are not influenced by the hard corona-measures, therefore, it is possible and not to be dismissed by hand that bitcoin plays into the anticyclical investments we have in this economic decline. I don't want to say right now that it is 100% the fact but what we can say is that bitcoin is not affected like the stock market and is not cyclical with the stock-market we saw this in recent bitcoin-bear-markets where bitcoin declined and the stock market increased. What is the importance now also when looking at my chart-picture is that we have a 4-years cycle in bitcoin similar to a normal economic cycle. Bitcoins cycle consists of three phases once it is the expansion, the second is growth and the third is a contraction, the normal economic cycle in the real economic consists of 4 phases. Because bitcoin is not like the normal economy we have a different cycle-movement similar to gold. The abnormality within the current cycle is defined by the hard corona-breakdown seen in the last weeks before we had this slow slow stabilization, it also affected other markets as stocks as well. The volatility was seen in this breakdown to the downside was not normal and we have never seen such a fast and heavy decline in bitcoin, also the situation right now that people do not leave their houses and have to stay inside, etc has been never seen since before, it is a completely new environment with other difficult problems we never saw in the crisis before. Bitcoin 4-Year Economic Cycle When we watch the chart closely now we see that bitcoin completed a full cycle in 4.04 years (can be rounded up to four years) that are 1477 days, in this phase bitcoin reached a new All-Time-High and peaked you can see the cycles marked in my chart, also the cycle is building a coherent structure with the underlying sine-curve. The problem in the current cycle is that we should do a new peak within the next cycle-ending time this will be in 2021. Also, we have a definite end where the bear-market is confirmed and a heavy contraction-phase to the downside sets in this is when we cross the lower black-support-line which you can see in my cyclical-picture. We need to see things now as they are and do not get too attached to wild irrational ideas that leading nowhere, therefore it is necessary to see bitcoin detached from the stock-market as an independent financial-instrument. When we establish to hold above the black-line we can see a possible second growth-phase within the 4-year cycle, in this case, we have to stabilize a minimum above 9000 and look at other mid-to-long-term indicators indicating the price-action of next weeks and months. Also my friends, we have seen the heavy decline because of the corona-fears coming in and affecting all markets but these first fears are over what comes now is the recession in many countries which are the consequences of the corona. This causes stocks to decline further because the economy is decreasing but that does not necessarily affect cryptocurrency, it can also be used as a hedge like pharmaceutics or armory which are seen as hedges in the classical stock-market of today's crisis. So my friends thank you for watching my analysis, I hope everybody of you could get some important insight and where the journey will bring us the next time, feel free to support, thanks for everybody who is supporting, my friends. As I always say it is the motivation to transform opportunities into gold remains the most significant tool for a trader. this is why we should take the market seriously and make the best of every situation. ;) FAREWELL Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
29
The Truth About Bitcoins Current SituationHello My Dear Traders Investors And Community, welcome to this middle-to-long-term-analysis about the BTCUSDs price movement. As we are still in uncertain terrain right now it is important to look at BITCOIN with a rational head, as it should always be the motto to trade what we see not what we think, many people call for the complete moon shot or the fall to zero the next months this is why I take a calm eye on the current situation facing BTCUSD to point out where we have to go with the bitcoin-adventure to succeed in the markets, the big question in the corona-crisis now for the cryptocurrency market is if bitcoin and other cryptocurrencies is an anticyclical investment like food-companies, armor or pharmaceutics. This is the big question now because BITCOIN is still trading between the lines with different bearish and bullish signals coming in as on the other side the economy of many countries of the world is in a confirmed recession and stocks in a confirmed bear market. Please read the whole analysis to have a full-depth perspective! Thank you. Halving-Cycles: First of all the third and next halving day will be the 2nd May 2020 this year, it is only one month to go and bitcoin is still stuck in consolidation, today this is the first difference to the last two halving cycles which you see in my chart, there was a clear accumulation before the halving cycles before BITCOIN exploded bullishly to the first halving-cycle target at 1162 and the second halving-cycle target at 19666, now as we have only one month to go and we aren't in a confirmed accumulation right now this is a bad sign that the next halving cycle may not confirm like the last two ones. But this date and the time after this date shouldn't be ignored because as the empirical approach to the last halving-dates shows is that it confirmed every time and BITCOIN made amazing 90.52 times more in price in the first halving cycle and in the second amazing 28.74 times more. Looking at this fact from a mathematical point of view the next confirmed halving-cycle would shoot bitcoin to the moon! But this is only half of the The 20- And 50- EMA: Now when we look at bitcoins past we saw two confirmed bear-markets at all, these two were confirmed with the 20-EMA and the 50-EMA, as you can see these changes in the trend in my chart, these where confirmed bear-markets. The situation now is whether in a bear nor a bull-market it is still consolidating. But what is important right now, as you can watch it in my chart, is that we are shortly before a bearish confirmation of the 20-EMA crossing the 50-EMA down, as we are trading below the EMAs this could be a possible bearish signal to the downside when we cant develop to trade above the EMAs again, as you can see this signal signaled the confirmed bear-markets in the past, there are also other bearish indications which signal a bearish continuation like the Thunder-CLoud-Suite which closed recently bearish on the weekly chart if the EMAs confirm it will add one more confirmed bearish indicator to the list! The Big Triangle And Where It Will Be Confirmed: In anticipation of bitcoins further price-movement we have to keep the big symmetrical triangle in the head, which is still developing and will show a break in either direction. You can see it developing in the middle of the red falling support line and the major rising black trend-line of the whole bitcoin-big-picture. There is a definite end-date where this triangle will end, it will be after the halving date, the triangle will definitely be confirmed at the 14th December this year. This is an important date because it is highly probable that the recession and bear-market decline will still progress at this time, so the outcome can be bearish when BTCUSD confirms to be procyclical going along with the stocks, indices and real estate market. Otherwise when we see bitcoin stabilizing above the 20 and 50 EMA, the thunder cloud suite and other factors at the local time-frame there is the possible breakout to the upside which has to be confirmed definitely with the full break-up of the huge falling red resistance line! So my friends thank you for watching my analysis, I hope everybody of you could get some important insight and where the journey will bring us the next time, feel free to support, thanks for everybody who is supporting, my friends. As I always say it is the motivation to transform opportunities into gold remains the most significant tool for a trader. this is why we should take the market seriously and make the best of every situation. ;) FAREWELL Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
31
BTCs Thrid Attempt, Will It Fail Again At Resistance Or Succeed?_______________________________________________________________________________________________________________________________________________________________________ Hello My Dear Traders Investors and Community, today this is an important chart because we are facing a difficult situation in BTCUSD. The BTCUSD mid-to-long-term-chart is full of contrary signals at the moment, as I already mentioned in past analysis, on a mid-to-long-term-perspective we are still in an overall consolidation phase because BTCUSD is trading in a big triangle if you didn't saw these analyses I recommend that you check these out when going on my account and look on the past BTCUSDs charts! Okay, let's look at the chart. As you can see when zooming in, BTCUSD bounced at the support just as I forecasted, you can see the support marked with the orange box, the support is between 5770 and 5900 now what is important is that we have still plenty of resistance above us, there is the smaller falling red resistance line on the short-term-perspective and the huge falling resistance line on the mid-to-long-term-perspective (Which also builds the upper-line of the triangle we are trading in). As we are approaching the third time the red-falling-trend-line now I am expecting a pull-back in this region, consolidation is also possible, just similarly as seen with the second attempt to break the resistance. Remember that this is a really strong resistance which brought BTCUSD almost - 58.7 % down, together with the 135-EMA there is a strong resistance-confluence-zone which should be ignored. Now the good news is that when we break these important and strong resistance levels it is a good bullish signal which can be considered for a bullish continuation to the upside. When it breaks it has to confirm fully and the 135-EMA and resistance line should be clearly broken with minimum more than 10 % to the upside, otherwise, it could be still a failure, that sometimes happens when the breakout confirms slowly but not for 100 % and the trend snaps back again in the other direction, it can also be described as a bull-trap. In this manner, there could be still a possibility for a bull continuation although BTCUSD printed only bearish signs in the last-time not to mention the heavy bearish decline which brought BTCUSD from 9200 to 3900, but when the resistance confirms we have still the 38.2% retracement above us and the strong falling red-resistance line which have to be taken out for a full bullish scenario on the mid-to-long-term-perspective. _______________________________________________________________________________________________________________________________________________________________________ The amount of good luck coming your way depends on your willingness to act. Feel free to support for more valuable insight, thanks for your support, my friends! ;) FAREWELL Information is only educational and should not used to be for taking action in the markets. _______________________________________________________________________________________________________________________________________________________________________
BITSTAMP:BTCUSD
by VincePrince
13
These Are The Obstacles BTCUSD Is Currently Facing._______________________________________________________________________________________________________________________________________________________________________ Hello, Traders Investors And Community, Today I discuss some important observations I made the last time looking at the BTCUSD-chart, what I already mentioned in recent middle-to-long term analysis of BTCUSD watching the Daily-to-Weekly price-chart of BTC is that we are still in an overall consolidation period as I already pointed out the importance of the three-major trend-lines we have in this picture now, once it is the huge resistance above our heads which you see in the chart marked with the red straight trend-line and the red dotted trend-line, there is also the black rising trend-line which holds the structure and the blue falling trend-line which formed from the lower-lows in the past months, as I already said this overall formation is still neutral so, I highly recommend to you that you watch my analysis where I determined the shape of our situation to have an overall picture of what is going on now: Now, what you can see in my chart, is, that we got rejected two times in a major confluence zone which plays an important role in determining bitcoins further movement. The first time we got rejected in this confluence-zone BTCUSD provided a 57 % drop-down to the low at 3850 from which we saw this slowly establishing up-trend to the recent point and the recent second rejection at this confluence-zone. What does the second rejection mean? It is possible that BTCUSD falls more because this is such a strong important level, the good news is that we have support below us which BTCUSD will first recognize at the 5800 - 6000 range. When this level cant be held and bitcoins drop more down the next support-range is between 5800 and 5000. These levels building a logical triangle with the falling and dotted red resistance line and the falling blue trend-line as you can see in this chart, if we approach these levels before moving up I am expecting a healthy development of support in this range. Furthermore, if we establish the support in this arena we can expect some up-moves there, but, to have a decent bull-continuation we first have to break the falling red-line to the upside, which isn't impossible for sure but it is still a strong resistance level. On the other side, we have the 45-EMA which plays into the confluence-zone, it will also be a highly respected resistance level which first has to be taken out to initiate a further up-trend! So what we do have now at hand? On the one side, it is a -bullish scenario showing decent moves after the confirmation of support, but with more than one obstacle in the way and still resistance above us, to provide a confirmed up-trend BCTUSD has first the task to take the major strong falling red trendline out. On the other side it is the -bearish scenario which kicks in when we cross the rising black trend-line down, this scenario is possible but when it forms it will take some time and it will be recognized as the scenario because BTCUSD won't be to hold the support between 5000 and 5800. The bullish scenario is definitely possible and I know many of you want the bullish scenario to be confirmed as it is also the healthiest way in the markets and everybody is happy but we have to see the confirmation first as I explained, we are still in a financial crisis, and as the coronafears and the economy all over is recovering a little bit, step by step, that does not mean we are in a solid confirmed bullish environment, this includes bitcoin as well as the major indices, stocks, and gold. _______________________________________________________________________________________________________________________________________________________________________ In this manner: The Pessimist Sees Difficulty In Every Opportunity. The Optimist Sees Opportunity In Every Difficulty. Thanks, For Watching! Have a good day! Information provided is only educational and should not used to be for market purposes. _______________________________________________________________________________________________________________________________________________________________________
BITSTAMP:BTCUSD
by VincePrince
10
Empirical Approach to Past Bearmarkets And The Current Situation_______________________________________________________________________________________________________________________________________________________________________ Hello traders investors and community, today I look empirically on the bear markets bitcoin suffered in the past and an important signal which we saw in the bear markets and which is repeating right now, the last weeks were highly volatile and the coronavirus shocked the whole markets up, not just the cryptocurrency market-landscape, also all-important index and stock markets. However, I am expecting a cool down the next days and weeks from the fears as the economic-structure is recovering from the panic on the markets, that's why we can expect some moves to the upside, but that doesn't mean bitcoin is completely out of the woods, we have strong and serious resistance above us! I recommend to you that you read the whole analysis to have a complete outlook on the situations: _______________________________________________________________________________________________________________________________________________________________________ We have a strong resistance above us and there is this devastating thunder cloud suite signal which provided the final change in direction in the past bear markets, I already did an analysis on this some time ago as I pointed out it now turned to the downside, you can see it in the chart: In this analysis, my point was to show how the market could turn bearish when the weekly close closes below the thunder cloud suite, which it already did in past events turning from bullish to bearish. As you can see it in the chart marked with the red cycle it signaled originally the bear markets of 2014 and 2018. Please look also at this major important trend-line which has its origins at the very beginnings of the bitcoin eras, this trend-line is so devastatingly important that in the bullish scenario it has to be secured from breaking down-side. The point now is that when bitcoin doesn't manage to stabilize above this trend-line it will give another bearish signal for bearish continuation. What is also important in this structure is the 100-EMA and the 200-EMA which also supported the last two confirmed bear-markets with a first confirmation below the 200-EMA before moving below the 100-EMA. When we break the 100-EMA down this will be devastatingly difficult. As the Thunder Cloud Suite Signal is already a heavy-handed important fact which shouldn't be ignored! Because it was so reliable in the past this could also be the next time now. Please look also at the consolidation phase happened after the second signal provided the second bear-market in 2018, there was a looong consolidation-phase before finally going down, this could also be the case now, creating a longer consolidation phase between the black-trend-line, the 100 EMA, the 200 EMA and below the thunder cloud suite which already closed weekly in the bearish zone. So we have some important bearish signals that we have to consider now as reasonable, but as I already pointed out in my recent analysis bitcoin is in an overall consolidation phase which hasn't already ended, there is the possibility given that the Thunder-Cloud-Suite-Signal is actually a fake-out and that it turns bullish after the consolidation-phase has confirmed, but for now, this is not the most reliable scenario to depend on: The next days and weeks we can expect bitcoin to remain in the consolidation channel as mentioned in my analysis, but there is plenty of resistance above us and with this information given we can say that when bitcoin starts to approach higher it will have a difficult time to do that, for that reason I consider the bearish scenario after the consolidation phase has finally ended as highly possible but that can turn when we take out these massive resistance levels above us and close above the red falling dotted trend-line you can see in the chart above the current price action. _______________________________________________________________________________________________________________________________________________________________________ In this manner: "The grand aim of all science is to cover the greatest number of empirical facts by logical deduction from the smallest number of hypotheses or axioms." Have a good day and starting in the weeks! Wish you all luck, happiness and of course good trading profit! ;) Information provided is only educational and should not be used to take action in the markets. _______________________________________________________________________________________________________________________________________________________________________
BITSTAMP:BTCUSD
by VincePrince
11
XRPUSD - 2.87 Year Old Trend-Line Broken, What Comes Next?!_______________________________________________________________________________________________________________________________________________________________________ Hello, Hello, Hello! Traders, Investors and Community! Welcome to this tremendous significant RIPPLE / US DOLLAR analysis, I detected some important signs of where we heading the next weeks and months and important support levels which we need to hold. The corona fears going on these days and the markets showing volatility never seen for years. For wise traders that doesn't mean crying! For wise traders that does mean searching for profitable opportunities! _______________________________________________________________________________________________________________________________________________________________________ As you can see in my chart RIPPLE just broke down a very very very important support trend-line which was there for 1043 days that means 2.87 in years. This trend-line held the whole structure up and now it is broken, as for now this break looks like a bear-trap BUT that does not mean we are out of the woods, as you can see in my chart we have a huge bearish zone below the trend-line. For now, I see some steady up-trends coming the next weeks and months but these up-trends will trade into resistance right above RIPPLES head, you can see it marked with the resistance levels and the major important falling trend-line which first need to be surpassed to develop further up-trends. The 50 and 200 EMA marked in orange and purple showing resistance also, which means we have another confluence for resistance in the area. When the price touching this area it is important to show good bullish continuation signs otherwise ripple will fall back into the bearish zone which would accomplish a slow death ride to lower levels. Considering this scenario, trade on the SHORT side will be appropriate when a reversal confirmed but for now, the price first has to visit these areas. When dividing the chart into bullish, neutral and bearish areas there are, as mentioned clear obstacles in the neutral zone for ripple to turn bullish: For the next weeks and months we can expect some good up-moves coming but what hold ripple back in this structure are the few resistance levels that shouldn't be ignored. When these levels confirm as resistance a SHORT trade will be appropriate otherwise we have to watch out for a possible bullish confirmation leaving the obstacles in the neutral zone behind and confirm the turning-point into the green bullish area as seen in my chart. _______________________________________________________________________________________________________________________________________________________________________ Thanks for watching my analysis! Hopefully, it will be profitable for you. There are always opportunities in markets also in times of great fear or greed, good treaders keep a cool head and look for the golden apples popping up ;) For more market insight feel free to support. Information provided is only educational and should not be used to take action in markets. _______________________________________________________________________________________________________________________________________________________________________
BITSTAMP:XRPUSD
by VincePrince
16
Huge Symmetrical Triangle will determine Bitcoin Future Outcome!__________________________________________________________________________________________________________________________________________________________________ Hello traders investors and community. We live in volatile times today! As the news is spreading the coronavirus fears and national emergencys called in many countries of the world we see rumors facing all important financial markets including the cryptocurrency market and the biggest cryptocurrency of all, bitcoin! We saw BTCUSD breaking down several support levels as it formed a major low at 3850 after a heavy downfall making more than minus 50 % in just one day. Today I discuss with you the important price pattern I detected observing the bitcoin chart and the heavy outcome BTCUSD will show us in future! __________________________________________________________________________________________________________________________________________________________________ When looking at my chart you can see this huge historical triangle forming after the major high was seen in 2017, as looking objectively on the triangle we can say that we are still trading in a consolidation phase considering the long-term approach. The symmetrical triangle will break either in the bullish or bearish direction with a heavy outcome, the longer we are trading in the triangle the heavier the outcome will be, so at this point, we need to wait and look for more bearish or bullish signs to confirm the definite outcome of the triangle. __________________________________________________________________________________________________________________________________________________________________ Sell-Off: __________________________________________________________________________________________________________________________________________________________________ Local Support/Resistance: __________________________________________________________________________________________________________________________________________________________________ Considering the next days and weeks I am expecting up-moves to higher levels at least to recent support/resistance levels between 6460 and 6900, after this a test of the upper triangle line as seen in my chart is highly likely. Either of the two targets marked in dark red will be reached when the triangle confirmed in the bullish or bearish direction. I know many of you want to believe in the crypto bull market but at the current point there also has to be considered the bearish scenario as also the major stocks and world economy showing bearish signs we are facing a possible recession the next months and years, therefore the bearish scenario has to be considered and taken seriously. __________________________________________________________________________________________________________________________________________________________________ Thanks for watching, I hope everybody found this analysis useful. For more market insight feel free to support my work with a like and follow. I wish everybody of your good days and a nice weekend! “It is the job of the market to turn the base material of our emotions into gold.” In this manner have a good weekend my friends! __________________________________________________________________________________________________________________________________________________________________
BITSTAMP:BTCUSD
by VincePrince
40
Be aware of this hidden Fractal-Similarity between BTC and Gold!__________________________________________________________________________________________________________________________________________________________________ Hello traders investors and community, today I share with you an amazing observation which I found in the bitcoin and gold chart. As many people know when we talk about digital gold we bring bitcoin in the conversation, similarly to the physical gold the supply is limited and the production is similar, the difference to the physical gold is that the production and supply of bitcoin is 100 % digital. __________________________________________________________________________________________________________________________________________________________________ When I compared the charts to one another I figured out that there is not the only similarity in production and supply but also in the chart picture! Looking at the physical gold chart the overall structure can be divided into four phases. You can see these phases marked in the charts. There is also the big descending wedge in gold which already confirmed the same way in bitcoin. Phase 1: Correction: Gold provided a significant correction from 1900 to 1050 before it formed the ongoing uptrend, this fractal can also be divided into a Wyckoff accumulation phase. When looking at the bitcoin correction phase we see an unbelievable similarity with the physical gold chart, as it formed the exact same correction fractal which can be divided in a Wyckoff Cycle. Phase 2: First Uptrend: The first uptrend in gold is important because it brought gold from 1050 to 1350 in a massive up-trend wave before the consolidation set in, we saw the same dynamic in the bitcoin chart as you can see when looking at my chart. Phase 3: Consolidation before Breakout: When looking at the consolidation phase of gold I saw that there is a significant wedge formation before a massive breakout happened, you can see the breakout marked in the chart with the red Ellipse. Like a correction in bitcoin the next weeks is the most probable scenario we can expect a similar wedge pattern before a breakout. Phase 4: Second Uptrend: The second uptrend with gold is developing right now, this is the point where bitcoin is still in the correction phase, but the setup is highly probable as there are so many similarities in the charts we can expect bitcoin entering the breakout and phase 4 symmetrical to gold. The only difference is that the charts diverge in time. __________________________________________________________________________________________________________________________________________________________________ Soo my friends, this should be a good overall overview of the physical gold and digital gold compared to one another. ;) Please like and follow my work for more market insight. All the best and good trading profits my friends! __________________________________________________________________________________________________________________________________________________________________
BITSTAMP:BTCUSDLong
by VincePrince
33
My Forecast Played out the Bullish Way and the Flag Confirmed.__________________________________________________________________________________________________________________________________________________________________ Hello my friends! This is a update-analysis on a idea I made november last year! I called that we are trading in a huge bull-flag with two possible outcomes. Now we can see that the bull-flag I observed is playing out the bullish way just right the coming days. Highly recommend that you watch this analysis to have a full overview of the situation: __________________________________________________________________________________________________________________________________________________________________ We are looking at the daily chart and can see that the huge bull-flag I suspected to confirm also in a bearish way is confirming the bullish way now. We made a possible final lower low and otherwise when we can't find bearish signals signaling a fake break-out of the flag or heavy supply we can expect a good growth period with a higher high in the structure. __________________________________________________________________________________________________________________________________________________________________ I expect a consolidation the next days above the last blue trend-line which you can see in my chart before moving steadily higher. This is a middle-term analysis, in the next weeks and month we can expect bitcoin to test the upper resistance levels at 10600 to 11900, for now, I can't say that we are out of the woods for sure but we can expect some bullish movement. A possible target of the bull-flag would be 12700 with more upside potential, we have to watch if this plays out! __________________________________________________________________________________________________________________________________________________________________ Thanks for watching everybody. I hope you found this analysis useful. Feel free to support my work for more market insight. All the best! __________________________________________________________________________________________________________________________________________________________________
BITFINEX:BTCUSDLong
by VincePrince
17
Bitcoins Actual Amazing Movement Similarity with the Last Cycle!_____________________________________________________________________________________________________________________________________________________ Hello my friends, I wish everybody a Happy New Year! Hopefully, everybody had a nice New Years' Eve. So we are in 2020 and there are important things I discovered with bitcoins weekly time-frame movement, which I share with you today. Let's go! There Is Bitcoins Big Cup and Handle Cycle which already played out with the target of the Cup and Handle Confirmed. You can see it in my chart, you can see the different stages of the cup and handle confirmation, breakout, and target marked with numbers from 1-4. Also, there is the first Cup and Handle Formation which already played out in 2017 marked with the letter A and the next Cup and Handle Cycle marked with the letter B. 1. Double Bottom and First Accumulation: The first bullish signs after a long and strong bear-market indicating a possible change in direction. Smart-Money is accumulating in this phase. 2. Second Accumulation: Retail Money is accumulating in the market. The prices are rising higher. This is also a substantially important phase for bitcoin to develop further rising price-movement. 3. Breakout and Cup and Handle Confirmation: Price increases further after the second accumulation is completed. Price confirms at the right top of the cup and forms the handle which completes the formation when confirmed. 4. Final Cup and Handle Target: It s the price target projected from the top of the Cup and the lengths from the bottom to the top from the cup of this formation. The minimum target zone is the percentual price lengths from the bottom and top of the Cup and Handle formation, more often then not the prices shoot higher than the actual target. Which you can see in the first Cup and Handle Cycle. Cup and Handle Formation: In the domain of technical analysis of market prices, a cup and handle or cup with handle formation is a chart pattern consisting of a drop in the price and a rise back up to the original value, followed a smaller drop and a rise past the previous peak. It is interpreted as an indication of bullish sentiment in the market and possible further price increases. ______________________________________________________________________________________________________________________________________________________ The second Cup and Handle Cycle in which we are trading right now looks pretty similar to the last one, it wouldnt be not so Improbable that we confirm this second Cup and Handle like the last one. On the other hand these formation can also fail and print another formation which either consolidates or falls down. A defnite test of the higher line from this formation can be taken as complete confirmation of the formation and further upward price movement. ______________________________________________________________________________________________________________________________________________________
BITSTAMP:BTCUSDLong
by VincePrince
36
Overall Bearish but this Fractal could save Bitcoin. __________________________________________________________________________________________________________________________________________________________________ Hello my traders, friends and family. Today I make an important analysis following coherently up my two last analyses on BTCUSD, where first I pointed out the future outcome in middle to long term of bitcoins price on the daily time-frame and as second the current price action and where we are heading on the 4-hour time-frame. If you didn't see these analyses already you can see it here: __________________________________________________________________________________________________________________________________________________________________ This analysis playing an important role to show the possible save from bitcoins bearish outcome with the fractal i found. The analysis is building a logical continuation to the recent two analyses with other indicators, so i would recommend you to see also the last two. Lets go! __________________________________________________________________________________________________________________________________________________________________ We are looking at the daily chart and as you can see in my chart there are two fractals which are marked with orange ellipses, one that already played out and another which is completing now. The fractal which already completed pulled back several times at the 20-EMA before it made an down-pull to the 7300 area, after this we have seen an massive uptrend which made almost 41.91 %. __________________________________________________________________________________________________________________________________________________________________ It is important to watch for the 20-EMA (purple) confirmation in this scenario, as the same is pretty similarly happening now, several pull-backs at the 20-EMA before going down and recovering massively. As you can see in my last analysis (4-hour chart) we are heading into resistance at the 7300 - 7400 level which is also matching with the 20-EMA. __________________________________________________________________________________________________________________________________________________________________ When this scenario plays out and we get another pull-back at the 20-EMA we will see good support between 6000 - 6300, which you can watch marked in my chart. There is also this major support line marked in black in my chart, where we will highly likely get minimum a pull-back when touched. __________________________________________________________________________________________________________________________________________________________________ Thanks all my friends. Good trading profit in december 2019 ;) Feel to support for more market insight. Information is only educational and should not be used to take action in the markets! __________________________________________________________________________________________________________________________________________________________________
BITSTAMP:BTCUSDLong
by VincePrince
17
BTCUSD - Important scenario on middle-long term to watch!___________________________________________________________________________________________________________________________________________________________________ Hello, as many people giving advise when to buy bitcoin and how much can it fall before backing up there is an important scenario to watch when considering the bullish scenario. Do you really think bitcoin will back up again when falling to 4000-5000 USD?! There is not much volume in the market, a fall to 4000-5000 USD would confirm several bearish indicators and the probability of a possible bull-market continuation will fall. ___________________________________________________________________________________________________________________________________________________________________ As you can see in my chart there is an important indicator showing us when a confirmed bull and bear market is in play. It is the Thunder Cloud Suite. It confirms bull and bear markets. Also in bitcoins bull-markets the weekly close was never below the lower band of the Thunder Cloud Suite. It indicated exactly the market change with a close below the lower band in april 2014 and march 2018. ___________________________________________________________________________________________________________________________________________________________________ What is also really important and worth to look at is the major blue trend-line which you see in my chart holding bitcoin all the way up, what do you think will happen when bitcoin trades below this major blue trend-line? Right another bearish indicator confirms! There is the 50-EMA which also hold the bull-markets in the past and confirmed more downside when broke down. ___________________________________________________________________________________________________________________________________________________________________ For now we have to watch if bitcoin succedes in holding the range or if it falls more. Falling more can also happen slowly with touching support backing up and falling again as seen in the bear-market after 2017. Considering the bullish scenario the volume for an continuation is very important. ___________________________________________________________________________________________________________________________________________________________________ Thanks for watching! May all luck and happiness come to you! For more market insight feel free to support! The information provided is for educational purposes only and should not be used to take action in markets. ___________________________________________________________________________________________________________________________________________________________________
BITSTAMP:BTCUSD
by VincePrince
21
Bitcoin's Next Move: Breakout (70%) or Retest at 44K (30%)? 🤔💡Bitcoin's journey within the ascending channel has presented multiple buying opportunities, particularly appealing at the channel's lower edge. The last noteworthy purchase was near $42,700, and now, as we approach the upper channel boundary around $45,120, we face resistance. A break above $44,200 could signal fresh long positions targeting $47,600. However, current resistance suggests a potential pullback to $44,500 or even to the channel's midpoint near $44,146. Patience remains a virtue in this market. The recent SEC approval for Bitcoin ETFs triggered a classic 'sell the news' event, but the market is now stabilizing. Anticipation for the upcoming Bitcoin halving and multiple compelling reasons to buy Bitcoin are creating a buzz in the community. So, what's next for Bitcoin? Will we hit the $47,000 mark, or is a dip to retest $44k more likely? Based on my analysis, there's a 70% likelihood we'll reach $47k and a 30% chance we'll revisit $44k. Let's not forget the anonymous poll results from the FX PROFESSOR (Public Crypto Channel), which showed a community leaning towards testing FWB:49K again soon with a 42% vote, while 34% anticipate a dip to $40k first. These insights are valuable as we navigate the volatile crypto waters. As we move forward, keep an eye on vaults ready for fresh breakouts. With the Bitcoin halving on the horizon, the probability of a breakout stands strong. The key is to manage risk with controlled stop losses just below the breakout level. So, do you think Bitcoin will surge past $45,200 for a clear breakout? Share your thoughts in the comments. One Love, The FXPROFESSOR 💙
BITFINEX:BTCUSDLong
by FX_Professor
3
Updated Targets for Polygon - MATICQuick Updated levels to watch for MATIC, now that all of our previous levels have been hit- This coin is going to dominate over the next bull run. I Recommend everyone have some in their portfolio. Levels to watch! Breakout Level: $1.07 Updated Target 1: $1.79 Updated Target 2: $2.18 What is Polygon (MATIC)? Polygon, formerly known as Matic Network, stands as a pioneering and user-friendly platform designed for Ethereum scaling and infrastructure development. At its core is the Polygon SDK, a versatile and modular framework supporting the construction of various application types. For an in-depth exploration of Polygon MATIC, refer to our detailed analysis of the project. Through the utilization of Polygon, developers can create optimistic rollup chains, ZK rollup chains, standalone chains, or any other infrastructure required for their applications. Effectively, Polygon transforms Ethereum into a comprehensive multi-chain system, often referred to as the Internet of Blockchains. This model closely resembles others such as Polkadot, Cosmos, and Avalanche, boasting the strengths of Ethereum's security, vibrant ecosystem, and openness. The CRYPTOCAP:MATIC token remains a pivotal element, continuing to exist and playing an increasingly significant role in securing the system and facilitating governance. As a Layer 2 scaling solution, Polygon (formerly Matic Network) is endorsed by major players like Binance and Coinbase. The project aims to drive widespread cryptocurrency adoption by addressing scalability challenges prevalent in numerous blockchains.
M
by Helios_Capital_Investment
Eur/UsdHello traders! Yesterday, the couple made a buy move because the US inflation came out less than it was thought to come out. The pivot (1.08860). If the price manages to break the level (1.08860), then we will have a buy movement at the levels (1.09310); (1.10000) ; (1.11040). My opinion is that the pair will keep the bullish movement. Wait to enter the trade! Be careful! Don`t forget to look at the economic calendar! MAKE MONEY AND ENJOY LIFE 💰 THANK YOU! GOOD LUCK! 🙏🏻🙏🏻🙏🏻
Long
by THP-Forex-Academy
Bitcoin - two weeks before massive PUMP? Hey folks. I recently conducted an extensive market analysis and compared the current situation with past cycles from 2015 - 2017 and 2019 - 2021. You can find more details here👇. Based on past cycles, around this phase (reaccumulation phase), Bitcoin stayed for approximately 200 days before a sharp price increase. Currently, the price has been consolidating (sideways movement) for 190 days. And perhaps in a few weeks, we might see a strong price movement. I want to emphasize that this is just a market analysis and a possible scenario of events unfolding. We do not rely on any analysis and our expectations. I continue to follow signals of my ready-to-use Buy/Sell indicators. Every day we get closer and closer to the market's parabolic phase. ❗See related ideas below❗ Follow + Like this post and leave a nice comment, it will allow me to move faster and make more useful content! 💚💚💚
INDEX:BTCUSDLong
by Yaroslav_Krasko