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Bitcoin, Historical Tests Incoming, These Levels Are Important!Hi my friends, Welcome to this analysis about Bitcoin, we are looking at the 4-day timeframe perspective, the recent events, the current formational structure, what we can expect the next times and how to possibly handle upcoming situations in an appropriate manner. As expected Bitcoin the last times managed to form the bullish breakout above the massive ascending-channel-formation marked in blue where it managed to advance higher till near all-time-high before the strong bearish moves came in and Bitcoin firstly shown up with a pullback, now Bitcoin is mingling in the structure and there will come significant tests which will be the determining source for the next outcomes to show up, it will be a big question if the breakout is sustainably and will move higher or if it was a bull-trap and Bitcoin moves into the big channel again which should not be kept by side currently, therefore I detected all the meaningful levels and forthcoming perspectives we should consider in the structure developed here. When looking at my chart we can watch there how close Bitcoin was to the established all-time-high-condition before the pullbacks shown up in the structure and firstly moved down, besides that you can watch this massive ascending-channel-formation Bitcoin has established where it has support within the upper-boundary and furthermore several other supports lying there consisting of the 15-EMA marked in green, the 20-EMA marked in red and also the ascending-trend-line marked in grey in my chart, taking these factors into consideration here Bitcoin will test these levels the next times as it is marked in my chart, it will be inevitably for a bullish consideration that Bitcoin bounces within this blue cluster and do not falls below it into the channel again because this will increase the bearishness again within the bearish-continuation-zone marked in red in my chart nevertheless when Bitcoin manages to bounce in this cluster there can develop some further solid potentials. The next times will show how Bitcoin reacts into the cluster and how it furthers from there, when Bitcoin manages to stabilize in the cluster as it is marked in my chart this can be a good origin for a new attempt to move above the all-time-high-condition and develop a new one, when such price-action shows up Bitcoin will activate firstly higher levels at around the 26.000 USD, here it is important that Bitcoin does not pullback again and form a double-top because this can be the source of lower levels to be visited again, for now, we should be prepared for more downside to come till this has been stabilized and Bitcoin can recover, the market is not complete bearish at the moment however when things change and this bearishness increases we should consider it from the right angle and do not overspeculate the market as this is happening to often these times, the next times will show how Bitcoin develops under the suggested circumstances and it will be an interesting journey. In this manner, thank you for watching the analysis, have a good day and also good trading, all the best! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
5
Bitcoin, Facing Two Upcoming Scenarios, One More Likely One!Hi my friends, Welcome to this analysis about Bitcoin, we are looking at the 12-hour timeframe perspective, the recent events, the comparison to the analysis on the nearer timeframe, the currently established structure, and where the journey can move the upcoming times. As already mentioned in the previous analysis since Bitcoin completed the major broadening-wedge-formation and shown up with the heavy bearish decline it is still in a precarious situation with strong resistance layers lying in the structure which are likely to firstly confirm and show up with a pullback, the big question then will be if this pullback can manage to stabilize above the trendline or Bitcoin moves on with the bearishness and visits even lower levels ahead, therefore I detected the two upcoming scenarios we should consider here and with one more possible scenario that we should not keep by side in this structure and upcoming movements. As when looking at my chart we can watch there Bitcoin currently still trades above this important trendline and bounced within the 50-EMA marginally however even that strong that it can test the upper-resistance layers from here that you can watch marked in my chart with the red level, when Bitcoin approaches this level it will firstly initiate a pullback from there that will then move on to test the ascending-trend-line marked in my chart with the grey lines where also the 50-EMA is coming into place and holding it to the upside when Bitcoin manages to bounce within this cluster which is not the more likely scenario with 35% there can be a new crucial test of the resistance-layers expected and possible continuation from there nevertheless that is not the most possible scenario at the moment, the more possible one with a possibility of 65% is the protracted bearish move which is not seldom seen after such a formation and bearish downside volatility developed, this scenario with the bigger likelihood will play out when Bitcoin moves below the ascending-trend-line and closes there, such price-action will validate further bearish pressure where Bitcoin will move on till the second ascending-trend-line is reached. What is from high importance at the moment is to bear in mind that Bitcoin developed this strong bearish pullback to the downside and that they are not necessarily over yet as the market often shows up with a next bearish move to the downside after such initiation as the past has already noted often. For traders this now means to keep patient and look how Bitcoin reacts within the established structure to possibly enter the market when the time is ripe better than to rush into trades that do not provide the proper satisfaction, in any case, we should not keep the bearish continuation out of sight here as they can show up under the prospected circumstances which does not mean Bitcoin is completely bearish on the more middle-to-long-term however as things change the overall picture can form into a more bearish one where we as sophisticated traders should prepare on to take appropriate action when it is auspicious. In this manner, thank you for watching the analysis, have a good day and also good trading, all the best! "Prospect is the ingredient of good fortune." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
25
Bitcoin, Since Bearishness Developed, Important Considerations!Hi my friends, Welcome to this preliminary important analysis where we are looking at Bitcoins 4-hour timeframe perspective, the recent events, the current formational structure, what we can expect the next times, and how to possibly handle the situation in an appropriate manner. Bitcoin recently shown up with heavy bearishness to the downside almost exaggerating after it completed the broadening-wedge-formation, now Bitcoin found some marginally support however there are some other crucial perspectives to consider therefore I detected all the important levels and likely outcomes we should consider within Bitcoins current structure and the ongoing movements. As when looking at my chart we can watch there Bitcoin now fully completed the broadening-wedge-formation it has formed marked in my chart in orange with the coherent wave-count within the wedge, now Bitcoins bearish declines shows up and moved into the preliminary support marked in my chart in blue where Bitcoin found some marginal support in the structure and bouncing there, this movement can show up with some more bullishness and establishing a little bounce to the upside with Bitcoin nevertheless this move will directly run into strong resistance layers above as you can watch in my chart marked with the resistance-cluster in red where several resistance-levels coming together consisting of the lower-boundary-resistance, the dashed ascending-trend-line and also importantly the 65-EMA marked in light-blue in my chart, taking all these factors together Bitcoin will highly likely pullback when approaching this cluster the big question then will be how strong the pullback will be, the first zone to consider after this next bearish pullback shows up is the preliminary support when this support does not hold Bitcoin will increase with bearish pressure within the bearish-continuation-zone marked in red in my chart. The developed events show one more time how swiftly and fast-moving the cryptocurrency-market still is and that the underlying volatility should not be underestimated, as Bitcoin approached a historical level supply showed up and bearish pushed the price to the downside, now it is not the time to fully keep the bearish perspective out of sight here as Bitcoin has still strong resistance layers above as suggested therefore we should be prepared for a possible second bearish move to the downside and do not estimate to speculate that the market will directly recover and move on bullishly again, for now we need to elevate how Bitcoin reacts within the resistance. In this manner, thank you for watching the analysis, have a good day and also good trading, all the best! "The eyes only see what the mind is ready to comprehend." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
49
BTC / USD Secondary trend. Potential triangle formationFrom the reversal zone after the breakdown of the resistance of the ascending channel, there was a strong impulse, first by 13% (local symmetric triangle after the breakdown of the resistance), then naturally by 18%. Notice the fractal with the previous high on June 6, 2019 (not shown in the chart). There is a high probability (almost always) of a large triangle or similar formation with a similar psychological effect forming at the top of the trend (to inspire uncertainty and doubt). If this happens, then the price movement of the crypto market brand will go sideways for some time. When Beethoven is in a limited price range, we will see, first of all, a super pumping of highly liquid top altcoins. I want to note, who does not understand the logic of work and the psychological effect-action, with corrective (downward) movements (figure formation), those altcoins that will be pumped can be similarly adjusted by an average of 30%. The weaker the sect of believers in the asset, the greater the percentage of price reduction. It is worth noting that a lot depends on who is the “shepherd” of the asset and what interests of market players who have large positions and can affect price movements for purely personal purposes. Most altcoins are now near the breakout line (zone) of the main trend. The first alt, for example, with a similar situation and where the trend reversal occurred, is LTC. (I have a trading idea). LTC / USD Main trend. Monthly schedule. Triangle. Pivot points. This is a trading idea that I posted 1 month ago. Main trend. Secondary trend reversal on the BTC / USD trading pair. By the way, I showed this symmetrical triangle of the secondary trend for BTC / USD and the time of its formation in a trading idea more than 1.5 years ago. I left a link to the idea under this trading idea. BTC / USD Main trend. Triangle Secondary trend reversal zone. On BTC, and on the market in general, be careful, learn to see what the majority does not see, because they were taught to be blind by their own "pastors". At the moment, the price of the BTC / USD pair is quite high from the lines (zones) of the main trend and the secondary trend (red and blue thick lines). Very strong bullish sentiment, this is not surprising given what position the United States may find itself in in the near future, which may lead to unstable fiat currencies. I publish trading ideas on a voluntary basis, I have no personal benefit from this. I don't need recognition, self-affirmation, status, and the like in a virtual fake world. I will ask the characters for whom it is important to be "noticed" to refrain from silly comments, if they do not like something - walk by. Under this trading idea, I have attached old trading ideas (with an update and explanation of how to work with key price movements from pivot zones). Shown is my trading in this trading pair for about 1 year. Also check out the latest trading ideas for this local trend over several months and very accurate price movements.
BITSTAMP:BTCUSD
by SpartaBTC
3
Bitcoin, Why The Upcoming A-T-H Can Lead To A Massive Bull-Trap!Hello Traders Investors And Community, Welcome to this analysis where we are looking at Bitcoin and its 4-hour timeframe perspective. The last days and weeks Bitcoin almost exaggerated with bullishness to the upside and formed significant upward surges onto the point where it is likely to form a new all-time-high as already mentioned in previous analysis, at this time it seems likely the market is bullish only and many speculative traders moving long into the market and yes there is still room in the structure for Bitcoin to move higher and form the all-time-high in the upcoming times nevertheless we should not underestimate the other important signs as I discovered crucial signals with which Bitcoin can change direction if it shows up with the decisive price-action, therefore I detected all the important levels and likely outcomes we should consider with Bitcoins current structure and the ongoing events to happen further. Ascending-Wedge-Formation And Bearish-RSI-Divergence: As when looking at my chart we can watch there how Bitcoin established this strong ascending-channel-formation with the boundaries marked in blue and besides that the coherent wave-count established already completed waves A-D, as Bitcoin now approaches the last wave E in the structure this is likely to emerge from the current back-up-cluster marked in my chart in blue where Bitcoin has the local support as I suggested already previously Bitcoin also already completed a head-and-shoulder-formation here. All these factors suggesting the final wave E to establish and therefore form a new all-time-high as this is marked in my chart nevertheless as this new all-time-high will emerge Bitcoin is approaching the upper-resistance and also the fact that this price-action will complete the whole cycle will define a bearish reaction when Bitcoin approaches the major-resistance-cluster marked in my chart in red, together with the formed bearish-RSI-divergence Bitcoin has a high possibility when completing this price-action to form a bearish pullback from there firstly visiting lower levels, when such movements show up this will lead to a massive bear-trap in the structure and Bitcoin will be likely to show up with increased bearish pressure. Emerging Bull-Trap And Upcoming Perspectives: The upcoming outcomes will be extremely crucial for Bitcoin as the completion of the formation can lead to a strong bearish reversal under the suggested circumstances, besides that Bitcoin is highly overbought and it is logical that exponential bullish growth can not go on forever even when many people are bullish and believe in the bull market we should see the things logical and do not underestimate the likely emerging bull-trap here and the considerable bubble Bitcoin is building as this is also seen within the stock market, the corona crisis is still going on and there did not yet developed any serious changes in real economy and the market as the real economy is still damaged by the crisis. Besides that such traps Bitcoin is likely to show up with already occurred in Bitcoins past and they are also not seldom seen within other asset classes. For us as traders, this means to be prepared for a possible swift in trend when Bitcoin moves on with the suggested circumstances, and as the past has already shown changes in direction can happen within cryptocurrency faster than expected. In this manner, thank you for watching the analysis, have a good day and also good trading, all the best! "Prospect is the ingredient of good fortune." Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
12
Bitcoin, Head-Shoulder-Breakout Pointing To New All-Time-High!Hello Traders Investors And Community, Welcome to this update-analysis about Bitcoin, we are looking at the 2-hour timeframe perspective, the events that occurred, the established structural developments, what we can expect now the upcoming times, and how to possibly handle the situation in the right manner. As mentioned in the previous analysis Bitcoin formed this major head-and-shoulder-formation with the more possible and awaited bullish breakout with 65% possibility to the upside, this more likely breakout now finally emerged and Bitcoin showed up with these strong bullish signs, therefore I detected the important levels and upcoming outcomes to consider at the moment. When looking at my chart we can watch there how strong this bullish breakout finally showed up which was a solid bullish sign within the structure confirming continued bullishness ahead, now, it is not seldom seen that Bitcoin shows up with a pullback to the breakout origin after such confirmations established, in this case, it will be the confirmational-bounce-zone marked in blue in my chart where Bitcoin has severely support levels lying there consisting of the 45-EMA in grey, the 65-EMA in red and overall very important the support which was previously resistance before the breakout showed up, when Bitcoin moves into this zone it has some good potentials to move forward and as Bitcoin manged to form this great breakout Bitcoin activated upside targets lying at the structure at 20200, when these targets reach which has a good likelihood this will also be the new all-time-high for Bitcoin exceeding the old one. After Bitcoin reaches these targets it has to be elevated if there can come a bullish continuation right away or Bitcoin firstly shows up with bearish signs which should not be underestimated here as Bitcoin is trading within these overbought conditions which can be the fuel for a bearish pullback after the targets reached, besides such movements arent seldom seen after a bounce above all-time-high. The more likely bullish head-and-shoulder breakout now fully emerged and it shows one more time how technical analysis can function when applied right regardless of what academics is stating so often that it is all just a random walk, if you did not see this analysis referring to I highly recommend it to watch to have a full-depth-overview. The next times will be historical as the way the new all-time-high established can be a determining source for the further establishments and what should not be kept by side here is when Bitcoin shows up with a swift bearish move because this can indicate a bull-trap, it will be an interesting journey. In this manner, thank you for watching the analysis, have a good day and also good trading, all the best! "Trading effectively is about assessing possibilities, not certainties" Information provided is only educational and should not be used to take action in th
BYBIT:BTCUSD.P
by VincePrince
13
Bitcoin, H-S-Formation Forming, Bullish Breakout More Likely!Hello Traders Investors And Community, Welcome to this analysis, we are looking at Bitcoin and its 2-hour timeframe perspective, the recent events, the current formational structure, what we can expect the next times and how to possibly handle the situation in an appropriate manner. Since Bitcoin initially showed up with these bearish pullbacks with origin in the 18900 level which we made some good profits with the short resulting out of it, Bitcoin is now forming an important formation that I discovered will be the determining source in the next outcomes therefore I detected all the important levels and likely outcomes we should consider with Bitcoins current structure and the next scenarios to assess. When looking at my chart we can see there Bitcoin now building this major head-and-shoulder-formation with the neckline marked in blue and the left-shoulder as well as the head already formed in the structure, now Bitcoin is about to finalize the right-shoulder which at the end will complete the whole formation and point to the proper breakout in the structure. As Bitcoin has still solid supports lying there consisting of the 65-EMA and the blue horizontal support the bullish breakout has a greater possibility of 65 % and should be much more expected in comparison to the bearish breakout with a possibility of 35 %. When considering the bullish breakout this will finalize with a breakout above the descending-dashed-trend-line and a close above the resistance-zone marked in red in my chart, when Bitcoin shows up with such price-action here this will activate upper targets with a minimum at 19700 where the market needs to be elevated anew when the targets are reached and it will be important if there comes firstly a reversal which will be not unlikely or a bullish continuation right away which is not the most possible scenario when considering the conditions. Bitcoin is in a situation where it has to show how it manages further from here and how it completes the more expected bullish scenario in the structure that will show the conclusions further, even though Bitcoin is trading already in overbought zones this does not mean it can move higher and form new highs however the bearish perspective should not be underestimated in any case because Bitcoin is moving into zones where a swift reversal and change in direction can establish more easily and as past has shown this can come faster than expected within the cryptocurrency market, for now, the breakout will be important and this will be an interesting development. In this manner, thank you for watching the analysis, have a good day and also good trading, all the best! "There are many roads to prosperity but one must be taken." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
10
Bitcoin, Builds Big Flag-Formation, Important Considerations!Hello Traders Investors And Community, Welcome to this analysis about Bitcoin, we are looking at the 1-hour timeframe perspective, the recent events, the current structural formation, and what we can expect in the upcoming times. As already mentioned previously Bitcoin has this very important descending-trend-line in the structure which is a major reference-point here holding the bullishness to the upside, besides that Bitcoin is building other significant signs I discovered meaningful for the next outcomes and destinations, therefore I detected all the important levels and likely scenarios we should consider for Bitcoins established structure and the forthcoming destinies. When looking at my chart we can watch there Bitcoin is forming this preliminary big descending-channel-formation marked in blue and trading above the major descending-trend-line in black, besides that Bitcoin already formed a coherent wave-count within the channel-formation with the waves A-C completed and now the wave D to establish when Bitcoin manages the further bounces from the lower-boundary it is currently testing, this wave D will directly run into the upper-resistance-cluster marked in red in my chart where still strong resistance layers lying consisting of the upper-boundary-resistance and also the horizontal resistance lying there. Therefore this resistance-cluster will be actually a strong origin for the final wave E to establish that will complete the whole wave-count and move into the lower back-up-cluster marked in blue in my chart where crucial levels lying determining for the final outcomes, Bitcoin needs to bounce in this level properly with a strong bullish move to examine a bullish breakout above the upper boundary of the channel as it is marked in my chart when Bitcoin shows up with such a price-action the huge channel-formation will be completed as a bull-flag and higher levels will be reached. In this case it is highly important that Bitcoin does not fall below the lower-boundary and below the descending-trend-line again because this will invalidate bullishness and mainly confirm the channel as a fake bull-flag with ongoing bearish pressure below the boundary. For now, it is necessary to elevate how Bitcoin moves on further in the channel and when the developments have a good pace this can show up with great potentials further ahead, in this case, it is of high importance that Bitcoin shows up with the price-actions as suggested and do not increase with bearishness again as this can invalidate the more likely scenario, currently it is important to keep patient and wait for the proper confirmations before just rushing into trades and overspeculate the market in the wishful direction as this is happening too often these days. In this manner friends, thank you, everybody, for watching, supports for more market insight will be great, have a good day and good weekend as well! "Prospect is the ingredient of good fortune." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
3
Bitcoin, Trading Near A-T-H, Bullish Signs Despite Overbought!Hello Traders Investors And Community, Welcome to this analysis where we are looking at Bitcoins 4-hour timeframe perspective, the recent events, the current formational structure, what we can expect over the next times and how to possibly handle the upcoming situations. Since the corona crisis established this year with initial heavy breakdowns in all global markets Bitcoin has managed to recover after these breakdowns fully emerged and the bottom was developed, now Bitcoin somewhat magically managed to move into the all-time-high region which is a historical point as Bitcoin only spend few days within this region, the market is overbought and the fear-and-greed-index near its all-time-high also, normally such conditions are good to prepare possible shorting within the market however as I detected Bitcoin is still sending bullish signs here which should not be underestimated and as Bitcoin approaches this meaningful area I detected the important zones and likely outcomes we should consider over the next days. When looking at my chart you can watch there Bitcoin is trading within this huge ascending-channel-formation marked in blue where it already tested severely the upper-boundary, normally what is seen after this kind of trading within such a channel is a heavy breakout either to the up or downside and as Bitcoin established more bullishly signs the bullish breakout has more possibilities, it was also very significant that Bitcoin managed to complete the triangle and wedge-formation I already mentioned previously. The next times we can expect Bitcoin to continue bullish when it manages a decisive breakout above the upper-boundary as it is marked in my chart, when this happens the way for a new all-time-high is there which will possibly emerge when Bitcoin increases in bullish price-action above the boundary. When Bitcoin finally completes a new all-time-high this will be crucial as the indicator conditions are still overbought with Bitcoin and what normally comes after such overbought-phases is minium a correction to the downside which we should not underestimate in terms of realization of the overbought-conditions. In this manner friends, thank you, everybody, for watching, supports for more market insight will be great, have a good day and good weekend as well! "Miracles tend to happen outside the usual experiences ." Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
23
That escalated quickly! 🌋Since our last update, the bulls manage to break the two important resistance levels at $12067 and $13764. This results in a further escalation to higher quotations. After the market only reached minor correction targets, we entered another long position at around $16000. We expect wave 1 in light blue to continue. The target is around the current all-time highs at 20k. After wave 1, we still anticipate a bigger correction to lay a long-lasting fundament. Happy Trading!
BITFINEX:BTCUSD
by MarketIntel
3
Bitcoin, Managed A Great Triangle-Breakout, Likely Perspectives!Hello Traders Investors And Community, Welcome to this analysis where we are looking at the triangle I already mentioned previously from a more local perspective, the recent events, the formational establishment and what we can expect the next times. Bitcoin recently managed to breakout above the major upper-boundary and succeeded in confirming this triangle bullishly to the upside, as this important price-action gave the initial direction now there are other meaningful factors I detected adding into the structure, therefore I discovered the preliminary significant levels and likely perspectives we should consider with Bitcoin and its further development ahead. As when looking at my chart now you can watch there Bitcoin has shown up with this strong exponential volatile breakout above the upper-boundary and already tested the dashed grey descending-resistance-line. Now as it is not seldom seen that after such a breakout of the formation a pullback emerges travelling back to the initial breakout zone which will be in this case the upper-boundary of the formation, furthermore Bitcoin has some solid supports in this structure coming together and adding into this bullish-confirmational-cluster marked in blue were the several supports adding into consisting of the 80-EMA in green, the 120-EMA in red, the upper boundary of the formation in blue and also importantly the upper-boundary of the huge broadening-wedge-formation I mentioned previously. When Bitcoin approaches this important cluster a bounce to the upside is highly likely, this bounce will continue when the bullishness is strong enough and to finally appear with this it is from high importance that Bitcoin does not fall below the cluster again. When Bitcoin proceeds with the bullish price-action and moves above the dashed grey descending-resistance-line it is likely to continue and point into the triangle-targets marked in blue in my chart from where a new allocation needs to be done. The motions Bitcoin has now shown up with have one more time shown that the cryptocurrency market can change extremely fast in volatility which can provide some good opportunities when catching up into the market with the right lineup this is where we succeded within the channel as we have also taken advantage of it and the approach measured by me here shows that technical analysis is a science that can function well when applied right regardless of what academics is stating so often that it is all just random walk, as Bitcoin has now developed this fundamental price-action it will be an interesting further development coming up next times. In this manner, thank you, everybody, for watching, have a good day as well as good trading, all the best! “Good luck is when opportunity meets preparation.” Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
30
Bitcoin, Formed Major B-Wedge-Formation, Likely Steps Ahead!Hello Traders Investors And Community, Bitcoin recently has shown up with exaggerated bullish volatility to the upside and in this case, I detected some highly important signs on the 2-hour timeframe perspective, Bitcoin already formed this massive formation where when it shows up with the proper price-actions now can increase with potentials coming up the next times, till then it is important to assess the proper validation before going into the direction and when it happens there will come some great opportunities ahead, therefore I detected all the important levels in the current structure and what outcomes are likely to show up the upcoming times under given circumstances. When looking at my chart you can watch there Bitcoin builds this huge broadening-wedge-formation with the boundaries marked in blue and the wave-count already formed and completed with the recent breakout above the upper-boundary as it is marked in my chart, above this boundary Bitcoin now builds this new important formation which the confirmational-triangle-formation marked in orange in my chart that will be worthwhile the next steps ahead. When Bitcoin manages to breakout above the boundary of this formation and close there this can lie ground for continued bullish pace further in the structure, when Bitcoin manages then to pull back and confirm the 15-EMA in blue together with the upper-boundary as support this will be the proper price-action for continuations ahead, in this case, it is highly important that Bitcoin does not fall below the 15-EMA and the boundary again because this can possibly invalidate the bullishness and show up with bearish pressure visiting lower levels in the structure. Bitcoin is trading in a situation where it has formed some solid formational indications that can show up with great continuation realizations ahead as suggested, now it is important to keep patient to the final confirmation to anticipate the upcoming targets. When Bitcoin reached the target zone seen in my chart at the 19400 level it has to be elevated if Bitcoin manages to continue right away bullishly from there or firstly forms a reversal testing lower levels in the structure anew nevertheless the bullish pace Bitcoin has shown up with here can continue when the conditions develop in the right manner, this will be an interesting journey ahead. In this manner, thank you, everybody, for watching, have a good day as well as good trading, all the best! “Miracles tend to happen outside the usual experiences.” Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
17
BTC Fantasy on 03-04 2021 13-13-13-13 666 Trade/Meaning of LifeBitcoin's main trend is upward. Which formed the ascending channel. Always trade with the trend. Decide in which trend you are trading and on which timeframe. Decide on strategy and risk management. Your first enemy is a lack of experience and knowledge. Your second enemy is greed and a sense of lost profits. You always have time to make money, the market will not run away from you, but money in the absence of experience and knowledge will run away. On a bull trend it is better to always work on the bull side; on a bearish trend, on a bearish side. Always follow the trend! Going against the trend is the same thing that falls under the locomotive and hoping that it will not overeat you, but will bounce off of you! There should be a strategy and plan. At the same time, your strategy and plan should be plastic from market situations. You need to not only know the rules of technical analysis, but also understand what and how and why it works. Knowledge of technical analysis and the psychology of the crowd will make you in trading - God. If you are like everyone else, then the result will be like everyone else. Those people who rely on quick profits without effort and time are doomed to give their modest deposit more smart and hardworking. For the minority to earn money, the majority need to lose money in the market. The more the majority plays according to the rules imposed by the minority, the more money is lost. Consequently, a minority earns. To earn, you need someone to lose! When a minority needs it, the rules of technical analysis stop working. The faith of the majority imposed by the minority destroys the mountains and minor minority deposits. In the game against the crowd, only time decides the question of when the average zeroing of the deposit in the average person will occur. Those traders who are sure that success depends on only one successful purchase, retention of the asset for a short time, and then sales are many times more expensive - are doomed to zero the deposit. This is what the majority think, which means that this is an erroneous opinion. Thanks to this majority faith, the minority earns. Trading is not only work - it is creativity and relaxation! Remember, trading is a game of probabilities. Who trades from the situation created in the market - earns. Who trades on the basis of what he wants - receives a loss. The crowd trades out of their desires, not market probabilities. The crowd always loses. Thanks to the thinking and desires of the crowd, we earn. There are no accidents, there are random patterns that must be understood and used. Coincidences are planned actions disguised as randomness. 369-27-669-27 3075-1170-1666-444-27-01-20 310-130-23-13-06-02-2020-13 371-27-671-27 Money is not the meaning of life, but a tool for life!!! Appreciate the time of your life in this world - this is really a limited resource. Time will pass, life will go. Have you been born in this world for a cut paper of money that you will never have in your desired quantity? Think it over. Also think about patterns. Why is it that everyone who wants to have a lot of money remains very poor. And the opposite is true - who does not pursue the amount of money, but does good deeds , receives fantastic amounts in a short time that the “supplicant” and “wait for money” will never receive for all their wretched existence. How to give such is not safe. The crowd with their desires is crazy and selfish. To give to such is tantamount to destroying them. The world is honest. Who creates - he receives. Most want to receive - but do not give anything in return. This is the secret of poverty. Understand the world, understand yourself - life will become meaningful, understandable and easy.
BNC:BLX
by SpartaBTC
21
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