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Bitcoin-trading

Bitcoin, Builds Key Cup-Handle-Formation, Important Steps Ahead!Hello Traders Investors And Community, Bitcoin is trading in a range where the possibility for fake breakouts is high and as already detected and mentioned in my previous analysis Bitcoin is also forming this huge ascending-wedge-formation which is normally a bearish formation indicating a reversal in the structure, now besides that Bitcoin is forming an other significant formation which is determining for the next outcome and this formation is also matching with the final wave E within the global ascending-channel-formation I discovered, therefore we are looking at the important levels in the structure and how likely scenarios can look like upcoming next times. When looking at my chart you can watch there Bitcoin currently is in near of the upper strong resistance at 16500 marked in my chart in red, Bitcoin is likely to pullback anew when approaching this level as it is currently happening because there is still strong resistance lying which is likely to reverse the marginal bullish price-action, when this likely scenario shows up and Bitcoin pulls back the bearish pressure will continue till there is proper support found that can reverse the dynamic again, which will be in this case within the final-upthrust-origin-cluster marked in my chart with the blue cluster, in this level there are coming several supports together consisting of the 50 and 61.8% Fibonacci-level, the 100-EMA marked in blue and also the horizontal support lying there determining a highly possible bullish bounce when Bitcoin approaches this area, when this happens it can be the decisive and final validation to complete the whole cup-and-handle-formation as it is marked in my chart, when Bitcoin manages to bounce within the cluster as suggested, in this case it is very important that Bitcoin does not fall below the level again because this can possibly invalidate the whole formation. The upcoming times will show how Bitcoin manages to bounce within the cluster and form the proper cup-handle-validation from there that will finally complete the whole formation, when this happens it is also matching with the final wave E Bitcoin is forming I detected already in previous analysis, this initial bullishness can reach the targets within the upper structure however there are still strong resistance layers lying also matching with the ascending-channel-formation, therefore, a bearish reversal should not be underestimated when Bitcoin approaches these levels, it will be an important development. In this manner, thank you, everybody, for watching, have a good day as well as 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 market.
BYBIT:BTCUSD.P
by VincePrince
18
Bitcoin, Here Is Why The Bearish Pace Has Just Not Started Yet!Hello Traders Investors And Community, Welcome to this analysis where we are looking at Bitcoins 4-hour timeframe perspective, the recent events, the current formational structure, what we can expect the next times, how outcomes here can look like and how to possibly approach this situation from a trading-perspective. Bitcoin now since not a smaller time is struggling to keep the bullish trend going on as the volatility is slowing down within the structure and Bitcoin already showed up with serious bearish declines within the range it is building, these signs should not be underestimated as it is not seldom seen that a reversal establishes after such price-action, therefore I detected the significant levels here and what formation Bitcoin, in particular, is building which can be the decisive factor in the upcoming perspectives and destinations Bitcoin will continue with. Ascending-Wedge-Formation And Price-Action Within: As when looking at my chart you can watch there Bitcoin is building this massive ascending-wedge-formation with the coherent wave-count established within where Bitcoin already touched the upper and lower boundary several times and completed the waves A-D till now, currently, Bitcoin has finished the wave D which is finding support within the lower-boundary and also the 30-EMA lying there marked in blue which is a very meaningful EMA in this structure as it will be the determining factor in the possible upcoming confirmations, as Bitcoin now has found support within this level it is setting up to form the final wave E that is likely to complete the whole wave-count and therefore also the formation, this finalizing wave E is anticipated to travel directly into the strong resistance-cluster lying there within the upper-boundary where several resistances coming together and forming this strong resistance where a pullback is inevitable. Upcoming Perspectives And Price-Action-Projections: The next times Bitcoin is likely to finalize the wave-count within the wedge-formation as already mentioned and as this wave-count ending within this serious resistance-cluster, this can be the origin for the final completion of the whole ascending-wedge-formation which will happen when Bitcoin moves below the lower boundary with a decisive bearish move and closes there to continue with the established bearishness below the 30-EMA, when such price-action sets in here Bitcoin is will highly possibly travel into the lower targets marked in my chart within the 14950 level marked in blue where it has to be elevated how Bitcoin continues further from there and if there can come a possible reversal or further bearish continuation, in any case, we should not keep the bearish perspective out of sight here and be prepared for possible reversals as suggested as they can happen sooner as envisioned like the past has shown already oftentimes. In this manner, thank you, everybody, for watching, have a good day as well as 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 market.
BYBIT:BTCUSD.P
by VincePrince
10
Bitcoin, Mingling In Range, Bear Protraction When This Happens!Hello Traders Investors And Community, Welcome to this analysis where we are looking at Bitcoins 1-hour timeframe perspective, the recent events, the current formational structure, what we can expect the upcoming times and how to possibly handle the situation appropriately. Bitcoin since it has shown up with the strong bearish pullbacks established after it touched the 16450 area is now showing up some very important signs in the structure I detected here, these signs I discovered will determine the outcomes in a profound way, therefore we are looking at the significant levels, zones and likely outcomes to consider at the moment and with the upcoming destinations. When looking at my chart you can watch there Bitcoin bounced already once within the 55-EMA marked in black before it bounced marginally to finally move below this ascending-trend-line in grey where it now confirmed the 55-EMA a second times as support, the upcoming times we can expect Bitcoin to increase more from here as Bitcoin is also trading within this ascending-channel-formation and has found the support in the 55-EMA and the lower boundary, besides that Bitcoin has formed this coherent wave-count with the waves A and B already established and now setting up to form this final wave C however this wave and ending of it will run directly into the strong resistance-cluster lying there above marked in my chart with the red zone, when Bitcoin pulls back here successively this can be just the origin for the channel-formation to confirm as a bear-flag and point to lower levels in the structure which will happen when Bitcoin moves below the lower-boundary of the channel as it is seen in my chart, after that Bitcoin will move on with a protracted bullish move till there is support found that can reverse this dynamic again which is possible within the 18520 support as it is marked in blue, after this it has to be elevated if Bitcoin falls more from this point or manages a reversal in the structure. Taking all these factors into consideration we should not underestimate the bearish perspective here and do not overspeculate the market into one direction as this is happening to often in such market structures, there are still strong resistance layers lying and it is more likely for Bitcoin to firstly show a bearish pullback before a stabilization can take place which has the ability to move above these resistance layers and form further bullishness, the upcoming times will show how Bitcoin further here in the structure and how it will pullback within the resistance that leads to the events as suggested, it will be an interesting development. In this manner, thank you, everybody, for watching, have a good day as well as 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 market.
COINBASE:BTCUSD
by VincePrince
10
Bitcoin, Approchements As Expected, These Are Important Zones!Hello Traders Investors And Community, Bitcoin has formed the breakout above the dynamic-trend-line as expected and also managed to complete the bullish formation as a bull-flag on the 1-hour timeframe, if you did not seen this analysis where I prospected the upcoming movements I highly recommend you watch it to have a full-depth-overview. Now as these meaningful steps have shown up Bitcoin has shown up with new signs in the structure I detected confirming the previous expectations but also adding on them, therefore I detected all the important levels and likely outcomes we should consider with Bitcoins current structure and upcoming destinations. When looking at my chart you can watch there Bitcoin now forming a new very significant formation here as it manages to move above the middle line of the channel and stay there Bitcoin is now forming this ascending-wedge-formation within the structure where the waves A-C already formed and touched the boundaries of the formation, currently Bitcoin is testing the middle-line of the channel and also the lower boundary of the wedge which can be a proper origin of the final wave E which will complete the whole formation and directly leads into the strong resistance-cluster lying above there marked in red where Bitcoin is likely to produce a pullback as this is also matching with the wave-count finalization, when Bitcoin now forms a pullback within this strong resistance-cluster the formation will finally complete when Bitcoin crosses below the lower boundary, closes there and moves on with bearish price-action, such price-action will activate lower targets till Bitcoin has found support which will be in this case between the 30-EMA in blue and 60-EMA in orange where Bitcoin already had support, when Bitcoin approaches this level it has to be elevated how a possible stabilization or nor can establish there. The price-action Bitcoin has formed recently provided some good confirmations nevertheless Bitcoin has still some strong resistance layers lying there this is why we should not underestimate the bearish scenario here as the market is also slightly overbought and the trend begins to slow more down which is often seen before a reversal establishes, in this case we should be prepared for possible changes in direction here to take the proper precautions when these finally establish, when Bitcoin firstly confirms the resistance bearishly it does not mean Bitcoin has no bullish potential on the long run, this is what needs to be developed then. In this manner, thank you, everybody, for watching, have a good day as well as 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 market.
COINBASE:BTCUSD
by VincePrince
10
Bitcoin, Above Boundary, These Steps Can Lead To A New A-T-H!Hello Traders Investors And Community, Bitcoin has formed some very important price-actions these last times as a corona vaccine was found and central banks still pumping money into the market it managed a strong bullish breakout above the upper-boundary of its ascending-channel-formation, this established bullish pace can lead to a new all-time-high when Bitcoin just shows up with the proper price-action where I detected some meaningful key-factors playing into this scenario, therefore we should consider the current situation and what are possible outcomes Bitcoin shows up the next times. When looking at my chart you can watch there this massive triangular-formation forming by the upper-boundary of the local-ascending-channel-formation and the global-ascending-channel-formation where a sideways movement between those two levels can establish over the next times in which Bitcoin has the ability to gain strength and finally form a breakout above the upper boundary of the ascending-channel-formation which than can lead to a new all-time-high either right away in 2020 or within Q1 or Q2 of 2021, currently there are good potentials given that this new all-time-high established sooner or later. In this case it is highly important that Bitcoin manages to hold the upper-boundary of the ascending-channel which is matching with the 15-EMA in blue lying there because when Bitcoin does not hold these levels sustainably and falls below them this will cause a bearish continuation and visit of lower levels with a high possibility. The upcoming times as Bitcoin approaches the upper-boundary-resistance we can firstly expect a pullback here which will then prove the potency of the whole triangular-formation that can show up with really solid potentials when it is confirmed, on the more local timeframe we should not underestimate the bearish side as there are still strong resistance layers lying where Bitcoin firstly is likely to reverse and form the movements as they are seen in my chart, above this, we should consider how Bitcoin continues to form the formation, it will be an interesting journey. In this manner, thank you, everybody, for watching, have a good day as well as 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 market.
COINBASE:BTCUSD
by VincePrince
12
Bitcoin, Established The Breakout, Here Are Next Steps Ahead!Hello Traders Investors And Community, Bitcoin recently made an important move above the resistance within the structure I mentioned already in previous analysis, now as Bitcoin is above this significant level the conditions have altered and Bitcoin can show up with some solid potentials further in the structure when it moves on with the proper price-action nevertheless there are still some meaningful resistance layers lying also coming into on the higher timeframes which should not be underestimated, therefore I detected the important levels and outcomes we should consider with Bitcoin upcoming times. When looking at my chart you can watch there Bitcoin now moved above the dynamic-trend-line which was previously resistance is now support, besides that Bitcoin established this huge ascending-channel-formation marked in my chart in blue where it recently tested the middle-line of the channel and formed a pullback from there to test the dynamic-trend-line again, as Bitcoin already has shown up with this price-action we can expect it to go on till the formation as a bull-flag above the line as finally completed, this can happen as it is marked in my chart with a final bounce from the continuation-origin-cluster, when Bitcoin bounces here sustainably with a solid bullish move we can expect it to move forward till it tests upper-levels in the structure which will also complete the wave-count Bitcoin is forming here, this wave-count will end when Bitcoin reaches the upper-boundary within the possible short-entry-zone marked in my chart in red, when Bitcoin pulls back from there and moves on with bearish price-action it will be crucial when Bitcoin finally moves below the lower boundary of the formation as this will implicit continued bearish price-action. Currently, Bitcoin has some very good potentials to show up with continued bullish volatility and form the major wave 5 that will lead to further conclusions then nevertheless we should not underestimate the resistance layers lying above which will play an important factor in the upcoming developments and it is more likely that Bitcoin firstly shows a pullback there like suggested as directly completely moving above these levels which does not mean Bitcoin will move above them in the future, it will be definitely an interesting journey. In this manner, thank you, everybody, for watching, have a good day as well as 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 market.
COINBASE:BTCUSD
by VincePrince
21
Ethereum, Breakout Outside The Wedge, Possible Perspectives Now!Hello Traders Investors And Community, as already mentioned Ethereum established this major massive broadening-wedge-formation with the coherent wave-count within the formation where it managed the move above the upper-boundary recently faster than expected. Now as this has occurred there are some important price-actions Ethereum can show up with to fully confirm the broadening-wedge-formation and also the formation forming above it playing into the confirmational scenario, therefore I detected all the important levels and likely outcomes we should consider at the moment and upcoming times. When looking at my chart you can watch there Ethereum has now formed the triangle-formation marked in orange with the red lines above the upper-boundary of the massive broadening-wedge, what is also important to note here is that Ethereum trades above the 15-EMA in red where it is building coherent support together with the boundary. The triangle-formation Ethereum forms now is a good confirmational formation that can show further movements when it confirmed properly which will happen when Ethereum moves above the upper-boundary of the triangle with a decisive volatile move as it is marked in my chart, when this happens rightly Ethereum has the potential to move on further which will come to the crucial test of the upper resistance marked in red where the growth zone is lying above, when Ethereum manages to confirm above this level and close there this will indicate further bullish continuations above as Ethereum is now fully within the growth zone marked in green with solid continuation possibilites. The next times Ethereum has to show how it manages to confirm the formation and show further conclusions, when these show up as suggested and with the right pace there are some very prospects lying which Ethereum can show up with and also activate upper broadening-wedge-targets. To consider the whole bullish movements it is extremely important that Ethereum holds the support and does not close below the upper-boundary again because this can possibly invalidate upcoming bullishness, for now, it is important to elevate the confirmations. In this manner, thank you, everybody, for watching, have a good day as well as good trading, all the best! “Miracles tend to happen outside the usual experiences.” Information provided is only educational and should not be used to take action in the market.
BYBIT:ETHUSD.P
by VincePrince
6
Bitcoin Is Testing Historical Level, Important Scenarios!Hello Traders Investors And Community, Bitcoin is trading in its massive ascending-channel-formation where it is moving within historical levels never seen since June 2019, in fact, Bitcoin has spent only a few days within the price-ranges it is currently trading in however there are still some important resistance layers lying where Bitcoin is firstly more likely to show up with bearish pullbacks than a direction move above them which needs to be considered for a complete bullish environment ahead, therefore I detected all the levels and outcomes we should consider in the current and upcoming price-action. When looking at my chart you can watch Bitcoin approaching the upper-boundary of its massive ascending-channel-formation now marked in blue, Bitcoin not only ends with the wave-count within this level but also approaches the accelerated-supply-zone where supply is still available from past price-actions besides that Bitcoin has the Fibonacci-resistance lying there. Taking all these factors into consideration Bitcoin is likely to firstly forming a bearish pullback from here and visit lower levels before it is possible to gain strength again. On the lower timeframes, Bitcoin is forming a triangle formation which when confirmed will directly run into the Fibonacci-resistance and the upper-boundary which will be crucial, when Bitcoin pulls back and moves below the 14800 level again there is a high possibility given that the first initial short-target will be pointed where stabilization can be considered, when this does not happen and Bitcoin falls more from here it will continue till the extended-short-target that is the last reference-point highly important to hold because when Bitcoin moves below that level there will come a bearish continuation till the lower boundary. For now, it is important to not over speculate the market and see the resistance above, this means to not keep the bearish perspective out of sight, Bitcoin has established some solid price-actions however the resistance still exists therefore we need to see how Bitcoin reacts into this resistance and forms the pullback from there to possibly consider a move above the resistance after that, especially when looking fundamentally on a corona increase this can speed up the bearish pace ahead of the next times, in this case, we should be prepared on possible trend changes. In this manner, thank you, everybody, for watching, have a good day as well as 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 market.
COINBASE:BTCUSD
by VincePrince
6
Bitcoin, Building Massive Triangle, These Are Important Level!Hello Traders Investors And Community, Bitcoin for a longer time now is trading within this protracted range on the 1-hour timeframe perspective, what is often seen after such movements is a volatile breakout either to the up or downside, in this case, the upside breakout can be much more expected as there are signs which speaking to it, therefore I detected all the important levels and likely destinations we should consider with Bitcoins established structure and upcoming destinies. When looking at my chart you can watch there this massive triangle Bitcoin is forming here marked in blue where it already completed the coherent waves A-C within the triangle where the wave A and wave C bounced within the 120-EMA which is a really important reference-point in this structure also matching with the lower boundary of the triangle. The next times we can expect Bitcoin to complete the wave-count where the wave D currently developing will move into the upper resistance-cluster which can be the origin for the final wave E which is the decisive wave, when this price-action can bounce within the back-up-cluster marked in blue with a strong volatile bullish move this can be the proper origin for the final breakout above the upper boundary as it is marked in my chart. In this case it is really important that Bitcoin does not fall into the bullish-invalidation-zone because this will invalidate the bullish scenario and show up with bearish pressure further ahead of where lower levels can be expected. For now Bitcoin has to show how it manages to finalize the whole structure till the breakout can successfully emerge, when Bitcoin manages to show up with the breakout it will activate the bullish setup seen in my chart and also higher levels, after that it has to be elevated how Bitcoin moves on further from there and if there comes a reversal or Bitcoin manages to continue further according to TA, it will be definitely an interesting journey. In this manner, thank you, everybody, for watching, have a good day as well as 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 market.
COINBASE:BTCUSD
by VincePrince
5
Bitcoin, Since Bearish Declines Set In Major Tests Remain!Hello Traders Investors And Community, Welcome to this analysis where we are looking at Bitcoins 4-hour timeframe perspectives, the recent events occurred, the current formational structure, what we can expect the upcoming times and how to possibly handle the situation. The bearish declines Bitcoin has shown up with were not surprising in the light of the strong overbought regions Bitcoin was trading in and the remaining resistance levels Bitcoin approached also on the higher timeframes as I mentioned in the previous analysis, now as this heavy bearishness has shown up there are preliminary contemplation meaningful to anticipate now, it is not seldom seen that after such bearish decline further follow as it was already seen not only in Bitcoins past but also on other global markets, therefore I detected all the meaningful levels and likely destinations we should consider with Bitcoin in the actual situation and upcoming destinies. Looking at my chart you can watch there Bitcoin bounced within the 40-EMA in green which is also matching with the ascending-trend-line marked in dashed grey, these levels are the origin for a more protracted upside which will lead into the strong resistance-cluster lying above marked in my chart in red and consisting of the Fibonacci-resistance in red, the volume-profile-resistance and the horizontal-resistance lying there all coming together and forming this strong resistance-layer where Bitcoin will unlikely move directly above, therefore a pullback after approaching this structure has a great likelihood and will show up when Bitcoin pulls back within the cluster to test the remaining supports again, when Bitcoin does not hold the ascending-trend-line in dashed grey and also the 40-EMA in green it will continue bearishly to the downside as there is not much support below, the first meaningful support will come within the blue ascending-trend-line which is highly important to hold, this trendline is also matching with the point-of-control from the volume-profile where Bitcoin has support and needs to bounce to the upside otherwise protracted bearish pressure ending in a pull-back-extension will show up when moving below this level. The recent events have one more time shown that the volatility and swift changes in direction within the cryptocurrency market should not be underestimated in any case, as it was often seen already in the past such changes in direction and volatility can show up faster as expected and as sophisticated traders it is essential to be prepared for such swift changes in direction which we realized within the elite channel taking advantage of the bearish declines on the short-side, in such situations it is imperative to not get overwhelmed by circumstances and not overspeculate the market in one direction only as this is happening to often these times, rather it is compulsory to assess the market in the right manner to take the proper actions at the end of the day, in this case, we need to not keep the bearish perspective out of sight within Bitcoins current developments. In this manner, thank you, everybody, for watching, have a good day as well as 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 market.
BYBIT:BTCUSD.P
by VincePrince
3
Bitcoin, Building Decisive H-S-Formation, Possible Outcomes!Hello Traders Investors And Community, Welcome to this analysis where we are looking at Bitcoins 1-hour timeframe perspective, the recent events, the current formational structure, what destinations we can expect the upcoming times and how to possibly handle these outcomes in an appropriate manner. Since Bitcoin has shown up with greatly exponential bullish volatility to the upside it is now somewhat consolidating in the range between 15240-15960 where it already formed a descending-channel-formation and the coherent wave-count within this channel, besides that Bitcoin is now forming another major formation which will be the decisive telling part for the further outcomes and destinies in Bitcoins journey, therefore I detected the important levels and considerable scenarios we should elevate in the current situation and structure Bitcoin is forming. Looking at my chart you can watch there Bitcoin now testing the 20-EMA in green which is matching with the upper-boundary of the previously established descending-channel-formation and also with the neckline of the major head-and-shoulder-formation marked in my chart in blue. Currently, there are two possible scenarios of how the whole formation can confirm the further pace, the first one is the bullish case which will confirm when Bitcoin moves above the upper head-shoulder-resistance and closes there to set up on the line before a continuation to the upside can follow, the second one is the bearish scenario where Bitcoin closes below the neckline and increases with bearishness till the bearish pressure continuation to the downside will follow up. Taking all these important factors into consideration and the facts lying ground a bullish breakout has a greater possibility by 65% to show up compared to the bearish side with the lesser possibility of 35%, for now it is highly important to wait on the proper confirmation before moving into the final direction, when this case happens a trade can be entered, although it is also possible to enter the market directly on the immediate basis the smartest is to wait on the confirmation as it will point to the best setup, when Bitcoin has shown up with the more likely bullish breakout the targets will be around 16300 from there on it has to be elevated if Bitcoin forms a reversal or manages further up moves nevertheless that Bitcoin has formed a head-and-shoulder-formation here it is still overbought and there are strong resistance layers above this is why a bearish reversal also after the head-and-shoulder targets reached should not be underestimated. In this manner, thank you, everybody, for watching, have a good day as well as good trading, all the best! “Trading effectively is about assessing possibilities, not certainties.” Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
5
Since Bullish Exaggeration Bitcoin Approaches Decisive Targets!Hello Traders Investors And Community, Welcome to this update-analysis where we are looking at Bitcoins Weekly Timeframe Perspective, the events since the head-and-shoulder confirmed, the current formational structure, what are crucial outcomes to consider at the moment, and how to possibly handle the situation appropriately. As Bitcoin confirmed the massive head-and-shoulder-formation as expected bullishly to the upside Bitcoin managed the way and shown up with great bullish volatility to the upside which was an initial solid step into acquiring bullish pace also on the more middle-to-long-term-perspective nevertheless there are however still important resistance levels which we should not underestimate here and as Bitcoin approaches the target-zones this can lead to a crucial pullback in the structure, therefore I detected all the important levels and likely outcomes necessary to consider at the moment. Target-Zone And Technicals: Bitcoin has formed the breakout of the head-and-shoulder-formation and showed up with increased bullish volatility, the target-zone of the head-and-shoulder-formation is the zone between 15700-15800 marked in my chart with the red box, it is not seldom seen that after such targets are reached supply enters the market and it can be an origin of pullbacks leading to the downside. Besides that the wave-counts Bitcoin has formed here are ending within this level this is playing also into a pull-back-scenario. Above that level is also the upper-boundary-resistance of the ascending-channel-formation where Bitcoin will have a hard time going above it, this is why Bitcoin can move a little bit above the resistance-zone to form the pullback with the origin within the upper-boundary then. Taking all these factors into consideration a pullback is highly possible and should not be underestimated here. Upcoming Perspectives: As mentioned Bitcoin is likely to form a pullback from the strong resistance layer it has formed, this pullback will continue till there is sustainable support found that can reverse the whole dynamic again, in this case it will be the back-up-cluster marked in blue in my chart where several supports coming together consisting of the bullish head-and-shoulder-confirmation-line marked in grey, the neckline of the prior formed head-and-shoulder-formation marked in blue and the 20-EMA also in blue, when Bitcoin approaches this level it is likely to back-up from there and show up with a bullish continuation, in this case, it is from high importance that Bitcoin does not close below this level because this can possibly invalidate a bullish stabilization, after that a huge milestone will be the upper-boundary of the massive ascending-channel-formation which Bitcoin needs to take out substantially considering further bullishness ahead. In this manner, thank you, everybody, for watching, have a good day as well as 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 market.
COINBASE:BTCUSD
by VincePrince
7
BTC/USD Work in a small trend. Past Ideas + 16% + 8% + 18%BTC/USD on the chart, I showed a local work in a small trend. An ascending channel has already formed. At the moment, the price is in the reversal zone, and what price movement will develop in a small trend depends on it. If by your knowledge and experience in trading you do not understand what I have shown on the chart, please refrain from stupid comments and engage in self-education. For those who came to the market for quick money without knowledge and naturally without experience, but I am sure that they know absolutely everything from "the very birth", I think it is better to leave trading altogether, as well as any work related to mental activity. Because your ending is sad and predetermined from the start. Your vocation in life is to go to the ordinary job of the average person from 8:00 to 17:00 with a lunch break from 13:00 to 14:00, where you don't have to think, because everything was thought out for you in advance until the end of your existence. Previous trading ideas of this local work in a small trend for this BTC / USD trading pair. BTC/USD Triangle. Non-random numbers. 1318 The triangle is broken down. Short work + 16% BTC/USD local work. U-turn zone. Mindfulness. Today 222 The price is cornered. Soon the outcome of the situation. + 8.88% from the reversal zone in the local ascending channel, as shown. It enters the second important price reversal zone. BTC/USD Reversal zone. 18 111122 +18% from safe entry above the reversal zone. From the turning zone +21% Any theory without practice is zero! Only your knowledge, modernized for the reality of the market, in practice can give a significant result in your work. Trade with pleasure.
BITSTAMP:BTCUSD
by SpartaBTC
14
How BITCOIN Can Reach A New All-Time-High By 2021!Hello Traders Investors And Community, Welcome to this analysis where we are looking at Bitcoins 4-hour timeframe perspective, the recent events, the current formational structure, what we can expect the next times and how to possibly handle the situation appropriately. Bitcoin recently has shown up with historical high volatility and moving above a significant level never reached since back in June 2019, this was a major move for Bitcoin to acquire a strong bullish pace in the range and lie ground for the continued bullish price-action, also it is matching with the halving-cycle which is now about to emerge, when Bitcoin holds the pace and manages to establish further bullishness ahead this can possibly lead to a new all-time-high just in 2021, till then Bitcoin has to show some very important price-actions ahead that the all-time-high manages to show up by 2021. As you can watch in my chart Bitcoin just made a strong bullish move above the established June 2019 high-condition, this was the decisive price-action here because it confirmed the further bullishness, now the next times we can expect Bitcoin to confirm this level and when this happens successfully the next up moves are not far away which will happen when Bitcoin increases with bullishness from this level, when Bitcoin then manages to move above the upper boundary of the ascending-channel-formation there comes the significant price-action into play as it will decide if Bitcoin manages to form the all-time-high by 2021. When Bitcoin consolidates and gains strength above the upper-boundary this can be the strong setup to finally breakout above the all-time-high condition and form the new one within the territory. When Bitcoin manages to form the all-time-high by 2021 it will be a huge paradigm-shift as this can just lie ground for further bullishness ahead, in this case, it is really important that Bitcoin holds above this level sustainably and do not falls below it because this can possibly invalidate a protracted bullishness. For now we need to watch how Bitcoin holds above the june 2019 high-condition and confirms it properly to not fall below this level again, compared to other major cryptocurrencies like Ethereum or XRPUSD Bitcoin is one of the strongest ones as it is more nearer to the established all-time-highs while other cryptocurrencies are still mingling within bottom-formations and have a long way to go, this fact can also play into a possible bullish bitcoin-season to establish when the strength increases further. In this manner, thank you, everybody, for watching, have a good day as well as 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 market.
COINBASE:BTCUSD
by VincePrince
9
Bitcoin, Approving The Breakout, Here Is What To Consider!Hello Traders Investors And Community, Welcome to this analysis where we are looking at Bitcoins 4-Hour timeframe perspective, the recent events, the current formational structure, what we can expect the upcoming times and how to possibly handle the situation in an appropriate manner. Bitcoin since a longer time now trades within this preliminary important ascending-channel-formation which will show a breakout to the up or downside sooner or later and in this case, as the price action within the formation has developed a breakout to the upside is more likely to be expected at the moment, however, there are some necessary and important price-actions Bitcoin has to show up with to consider this breakout fully emerging and pointing to a continuation, therefore, I detected all the important levels and likely outcomes we should consider at the moment with Bitcoin and its upcoming destinations. When looking at my chart you can watch there that Bitcoin has built this triangular-formation where it managed to breakout above the boundary and move on to test the upper boundary of the major ascending-channel-formation, now as it is more likely for Bitcoin now to form a pullback from here to the breakout level this can happen as it is marked in my chart, in this case, Bitcoin has the support-cluster marked in blue where several supports coming together consisting of the descending-trend-line in blue, the 20-EMA in red and also horizontal support lying there all together forming this coherent support-cluster where a bounce to the upside is likely, here it is from high importance that Bitcoin really manages to bounce from this level and does not fall below it again because this can possibly invalidate the bullishness. Bitcoin is in a situation where it has to show how strong it manages to bounce from the support-cluster, when this bounce is strong enough and Bitcoin shows up with the proper bullishness from there this can be the origin for a final breakout above the upper boundary, when Bitcoin manages to move above the upper-boundary with a decisive volatile bullish move it has a high possibility to continue bullish to the upside as bitcoin then taken out several important resistances and also completed the formation. On the higher timeframes, it will be interesting how long this bullishness holds on and how it will react into the remaining resistance levels above, when Bitcoin manages a breakout above the channel it has a good bullish pace however the bearish pullback scenario on the more middle-to-long-term should either not be fullý kept by side here. In this manner, thank you, everybody, for watching, have a good day as well as good trading, all the best! “Trading effectively is about assessing possibilities, not certainties.” Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
6
Scenarios To Watch Since Bitcoin Tests 1.5 Year Old Key-Level!Hello Traders Investors And Community, Welcome to this analysis where we are looking at Bitcoin's 4-day timeframe perspective, the recent events, the current formational structure, what we can expect the next times, how possible scenarios can look like and how to possibly handle these scenarios appropriately. Bitcoin has managed to break out of the important consolidation above the meaningful 10.000 USD psychological mark and into a bullish impulse to the upside where it is now testing a historical level which was the last time seen back in june 2019, I already made an analysis focusing on this on the weekly timeframe, if you did not see this already I highly recommend you to watch it to have a full-depth-overview, this analysis building a coherent follow-up looking on a nearer timeframe perspective, therefore I detected all the important levels and scenarios to consider in Bitcoins established structure. Looking at my chart you can watch there Bitcoin now testing several crucial levels within the structure, firstly it is the upper-boundary of its local steep ascending-channel and besides that it is also the key-level from the established high back in june 2019, furthermore, Bitcoin is ending its A-E wave-count to the upside here. Taking all these factors into consideration a pullback to the downside is highly likely as it is not seldom seen that price-action reverses after forming a fake breakout above such a key-level as it is in this case. When such price-action shows up basically there are two serious scenarios to consider here, the first one is when Bitcoin manages to bounce within the lower boundary after the pullback into it and the second one will show up when Bitcoin increases bearishness further to close below the boundary and continue with a pull-back-extension into the lower levels in the structure. Currently, it is really important to do not overspeculate the market and to do not keep the bearish side of things fully by side here as Bitcoin still has serious resistance layers above and is more likely to show a pullback before a continuation and breakout above these layers can show up, on the long-term it is important for Bitcoin to hold above the descending-trend-line marked in red in my chart sustainable and do not fall below it because this will alter the dynamic and increase bearish pressure to the downside. What can also speed the bearish dynamic up is a fast increase in the corona and possible measurements resulting from it as such measurements against corona can lead to similar bearish volatility to the downside like we have seen it already back in March this year, for now, we need to be prepared for the testing of the lower boundary and then elevate what happens after it. In this manner, thank you, everybody, for watching, have a good day as well as 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 market.
GEMINI:BTCUSD
by VincePrince
8
Bitcoin, Testing Above 2019 High, Important Considerations!Hello Traders Investors And Community, Welcome to this analysis where we are looking at Bitcoins weekly timeframe perspective, Bitcoin recently tested above the major established high-condition the last time seen in June 2019 at the high of 13870, this was a crucial move above this level and Bitcoin is now in a range it did not trade since back in 2017, besides that the fact that Bitcoin firstly showed a pullback before moving above this level needs to be assessed rightly as such pullbacks when crossing above important levels can lead to increased bearish pace, therefore, leading into a fak breakout, now this does not mean Bitcoin is completely bearish higher, moreover it means that it firstly needs to visit the accumulation levels before moving higher again, taking these factors into place I detected all the important levels and likely outcomes we should consider with Bitcoin at the moment and the upcoming movements. Looking at my chart you can watch there Bitcoin just moved slightly above the June 2019 high-condition before pulling back there and closing below at the weekly timeframe, this initial close below the level and pullback is likely to produce more bearishness firstly visiting lower levels in the structure which Bitcoin has some solid supports holding on as it is marked in my chart with the descending-trend-line marked in grey where Bitcoin can bounce and provide the origin for the final wave 5 to the upside which will then lead into the upper resistance layers as it is marked in my chart with the red zone, when Bitcoin approaches this level as there are many resistances lying a pullback to lower levels is firstly more possible as Bitcoin will unlikely go directly through this level and move on further, this is why the zone can also be potential for the proper short-entry. When Bitcoin completes the whole wave-count within the upper-resistance-layer a pullback from there should not be underestimated as there is still strong supply lying at the resistances as mentioned, this pullback will move on till there is the proper support found which can reverse the whole dynamic and back-up with Bitcoin, this will firstly be within the initial short-target-zone marked in my chart with the blue box, when Bitcoin manages to stabilize there it will have some good potentials further, when this stabilization is not strong enough and bullish weakness increases further Bitcoin will move on to the extended-short-target which will be then extremely important to hold considering any bullish stabilization and continuation because Bitcoin will increase bearish pressure exaggerated below it, for now we need to elevate how the wave-counts end and what happens after this, overall we should not underestimate the bearish side in any case here to be prepared when the market reverses volatility as this is not a seldom-seen phenomenon within the cryptocurrency space. In this manner, thank you, everybody, for watching, have a good day as well as 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 market.
COINBASE:BTCUSD
by VincePrince
21
Bitcoin, Fake Breakouts, Crucial Zone Of Indicated Return!Hello Traders Investors And Community, Welcome to this analysis where we are looking at Bitcoins 6-hour timeframe perspective, Bitcoin has reached a level where it is producing one fake breakout after another always pulling back into the previously established range again, such movements are normally seen after a bigger reversal to the downside can finally emerge. Currently, Bitcoin already produced some smaller of such fake breakouts and two bigger ones forming the ascending-resistance-line, the upcoming times a third fake breakout can be the crucial source of a bigger pullback and exaggerated bearishness as the trend struggles with the establishment to the upside, this is why we should not underestimate the bearish side of things here and be prepared of the next fake breakout to emerge to do not get overwhelmed by the bearish volatility when this is finally setting into the structure. When looking at my chart you can watch there Bitcoin trading within this huge ascending-channel-formation with the upper and lower boundary already touched several times, the next times when Bitcoin moves into the lower boundary it is likely to produce an up move from there. Besides this channel Bitcoin is also forming this preliminary significant ascending-resistance-line marked in black which produced the two last major fake breakouts, furthermore, the indication is given by the last two major fake breakouts that Bitcoin moves into the 1.2% extension of the previous wave to the upside where it reverses and finally comes up with the fake breakout that is pulling back into the range again, a highly similar structure can be also seen in the environment now when Bitcoin moves higher it will directly lead into these important layers lying there. The upcoming times will show how the third major fake breakout can emerge similar to the past two ones, when this third major fake breakout shows up with a strong reverse in the structure it is also more likely to produce a bigger pullback which will fully show up when Bitcoin moves finally below the lower boundary of the ascending-channel-formation, such price-action will indicate bearish pressure to continue minimum to reach the 100-EMA marked in green in my chart. For now it is important to watch out how Bitcoin approaches higher and how this move into the suggested zone will look like, either way we should not underestimate this third major fake breakout possible to show up when Bitcoin approaches the resistance again. In this manner, thank you, everybody, for watching, have a good day as well as 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 market.
BYBIT:BTCUSD.P
by VincePrince
17
Bitcoin, Bearish Pace Can Follow When This Formation Completes!Hello Traders Investors And Community, Welcome to this analysis where we are looking at Bitcoins 1-hour timeframe perspective, the recent events, the current formational structure, what we can expect the upcoming times and how to possibly handle the situation appropriately. Since Bitcoin struggling to move above the 13900 sustainably and it already showed one heavy bearish decline to the downside the important question is either bitcoin will set up to show more bearishness further or a direct reversal is somewhat possible, currently, the more likely scenario is a bearish follow-up which should not be underestimated in this case as the market often shows more declines after an initial impulse to the downside, therefore I detected all the important levels and outcomes we should consider in Bitcoins established structure. When looking at my chart you can watch there Bitcoin now forming this preliminary important rising-triangle-formation marked in blue where it already built this coherent wave-count fully completing waves A-C and now forming the wave D which will run into the lower boundary that can be origin of the final wave E to the upside which will complete the whole rising-triangle-formation, this final wave E will run directly into the strong upper-resistance-cluster marked in my chart in red where several resistance-levels coming together consisting of the upper boundary resistance, the horizontal resistance lying there and the fact that the wave-count will end when reaching this level, all these factors playing into the bearish confirmation to the downside after touching this level. With Bitcoin finally confirming below the lower boundary as it is marked in my chart it will complete the final bearish confirmational setup and will first point to the important support to behold as it is marked in my chart within the 13000-13020 level, this support will be extremely crucial to hold for Bitcoin and stabilize considering any bullish continuations when Bitcoin does not bounce properly in this level and does not manage to hold the support sustainably this will lead into a protracted continuation of the bearish pull-backs already established when Bitcoin moves below this level minimum targets of 12500 will be activated from where it needs to be elevated how Bitcoin proceeds from this standpoint further and if there can come a reversal or more heavy bearishness will lead into exaggerated declines, for now it is important how the ascending-triangle-formation confirms and with what pace it shows the ongoing developments. In this manner, thank you, everybody, for watching, have a good day as well as 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 market.
BYBIT:BTCUSD.P
by VincePrince
7
Bitcoin, Trading In Channel, These Determinations To Consider!Hello Traders Investors And Community, Welcome to this analysis where we are looking at Bitcoin's 2-days timeframe perspective, the recent events, the current formational structure, what we can expect the next times and how to possibly handle the situation appropriately. Since Bitcoin managed to breakout above the previously established strong descending-trend-line it now formed a coherent channel where it is running into the remaining resistance layers, at the moment we should not underestimate the bearish perspective as there is still a pullback remaining to confirm the formations Bitcoin has formed, therefore I detected the important levels and likely outcomes we should consider at the moment. When looking at my chart you can watch there that Bitcoin has still the strong resistance-cluster above marked in red where not only horizontal resistance is lying but also the upper-boundary-resistance of the channel and the wave-count is ending, this is why Bitcoin will have a hard time going above this cluster and it is more likely that Bitcoin firstly shows up with a smaller or bigger pullback from here, this pullback will firstly lead into the lower boundary of the channel as it is marked in my chart from this point Bitcoin can set up and test the upper resistance layers again, when it fails again within this level the next substantial supports in the structure will be pointed. Taking the upcoming price-action into consideration Bitcoin will continue with bearish pressure to the downside when it crosses below the lower boundary of the ascending-channel-formation, when this price-action shows up the bearishness will continue till the back-up-cluster marked in blue within my chart is reached, within this cluster several supports coming together consisting of the previously established S/R-Line marked in black, the 60-EMA marked in red and very important here the 38.2% and 50% Fibonacci-levels, this zone can be the origin of the next waves to the upside, it is however absolutely necessary that Bitcoin bounces in this area and does not fall below it because this will increase bearish pressure further in the structure. In this manner, thank you everybody for watching, have a good day as well as 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 market.
BITSTAMP:BTCUSD
by VincePrince
7
Bitcoin, Upcoming Destinations In The Established Structure!Hello Traders Investors And Community, Welcome to this analysis where we are looking at Bitcoins 12-hour timeframe perspective, the recent events, the current formational structure, what we can expect the upcoming times and how to possibly handle the situation appropriately. Recently Bitcoin has shown increased bearish volatility to the downside where it temporarily found support in the structure in which it is now setting up to test the remaining resistance levels which should not be underestimated here, it is not seldom seen that a new leg follows after such heavy bearish volatility to the downside which does not mean Bitcoin is completely bearish when it shows up however the bearish scenarios should not be kept by side as Bitcoin already established the strong volatility to the downside, therefore I detected all the important levels and possible outcomes we should consider at the moment. Looking at my chart you can watch there Bitcoin now approaching the strong resistance layer between the 13500 and 13650 level where not only horizontal resistance is lying but also the head and shoulder ending on the smaller timeframes, besides that Bitcoin is still overbought which is playing into a considerable pull-back-scenario. Besides that you can watch in my chart the three trendlines marked in blue where each trendline is marking the proper next support level to hold, currently, it will be the first trendline, when this trendline is broken to the downside we can expect Bitcoin to visit the second trendline where stabilization is possible before a continuation to the upside can finally emerge, when this trendline also do not holds the next one will be pointed which is the third major blue trendline where Bitcoin has the possibility to back-up. The next times will show how Bitcoin reacts into the first trendline and then moves on to test the next levels in the structure, when Bitcoin finally moves into a pull-back-extension as it is marked in my chart the third trendline will be highly important to hold because bearish pressure will increase again below it, however, the possibilities are good that this third trendline can hold properly and Bitcoin manages to form a reversal from there. For now we should not underestimate possible upcoming bearishness as this will also play into the situation within the stock market as there is the divergence between real economy and market still existing, therefore we should be prepared for possible changes in direction and volatility to the other side which is, in this case, the bearish direction, nevertheless, it will be an interesting journey how Bitocin reacts into the trendlines as suggested. In this manner, thank you everybody for watching, have a good day as well as 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 market.
BYBIT:BTCUSD.P
by VincePrince
5
Bitcoin, Building Huge H-S-Formation Which Will Show Conclusion!Hello Traders Investors And Community, Welcome to this analysis where we are looking at Bitcoins 1-Hour timeframe perspective, the recent events, the current formational structure, what we can expect the next times and how to possibly handle the situation in the right manner. Recently bitcoin has shown heavy bearish declines to the downside almost exaggerating and moving into the previous support zone where it now touching the EMA structure and somewhat manages to stabilize, a big question now is if Bitcoin just setting up to follow up with further declines or Bitcoin manages to stabilize in the structure and forms a bullish stabilization and continuation. Overall the bearish perspective should definitely not be kept by side here as the bearishness coming in was just to strong to just underestimate nor should we overspeculate a rally which is leading into the resistance layers above. When looking at my chart you can watch there Bitcoin now bounced at the lower boundary of this huge possible head-and-shoulder-formation where it also confirmed the 180-EMA marked in red as support, besides that it is testing the 100-EMA marked in green which was previously supported, these two reference points are important here and when Bitcoin manages to move above the 100-EMA decisively and close there the right shoulder will be formed which will lead directly into the dynamic-resistance-cluster marked in my chart in red where not only the middle-line-resistance is lying but also horizontal-resistance by past price-action which will be the origin of the right shoulder forming within a high likelihood spectrum. The upcoming times it will be important how Bitcoin reacts into the dynamic-resistance-cluster and how strong the pullback and right shoulder forming will be then when this is a swift bearish move to the downside Bitcoin is likely to follow up and confirm the whole formation bearish to the downside which will happen by a possibility of 65% and with the close below the neckline and EMA as it is marked in my chart, what is coming then also is the EMA-crossover-signal that is likely to emerge and will give the next bearish edge. The less likels bullish scenario will show up when Bitcoin somewhat manages to hold the neckline and bounce up from there, here is it from high importance that Bitcoin really bounces with the proper bullish move and closes above the upper right shoulder to continue, for now, it will be important with what pace the right shoulder is forming. In this manner, thank you everybody for watching, have a good day as well as 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 market.
BYBIT:BTCUSD.P
by VincePrince
22