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Bitcoin, Bullish H-S-Breakout Pointing To Final Wave Emerging!Hello Traders Investors And Community, Welcome to this update-analysis where we are looking at Bitcoins weekly timeframe perspective, the massive head-and-shoulder-formation I mentioned previously Bitcoin build on the weekly timeframe perspective now has properly formed the strong breakout above the bullish head-shoulder-confirmation-line and closed there, this was the important step in the structure to confirm this head-and-shoulder bullish and also activate the upper target-zones, now as this breakout has emerged and we can expect the continuation to the pointed targets it needs to be elevated that it is highly given that there can come a pull-back to the head-shoulder-confirmation-line stabilizing within the support lying there before the final wave can emerge, therefore I detected the important levels and mechanisms we should consider with bitcoins current situation and the upcoming destinies. When looking at my chart you can watch there the clear weekly close above the head-shoulder-confirmation-line, on the smaller timeframes bitcoin run into resistance also here besides that it has an overbought condition on the daily to 4-hour timeframe, it is not seldom seen that after such a breakout above a preliminary confirmation-line there comes a pull-back to this level before the continuation can show up further, in this individual case we can expect bitcoin to pull-back to the final-wave-origin-zone where also several supports lying, which is firstly the neckline of the head-shoulder-formation, secondly the 20-EMA marked in blue and also the horizontal support lying within this level overall marking with the blue box in my chart a zone where Bitcoin has high likelihood given to bounce up from there and establish the final wave 5 which is determined to reach the projected targets. The upcoming times it is important for Bitcoin to show how the bounce from the final-wave-origin-zone can look like, here it is really important that Bitcoin bounce strongly from that zone and do not fall below it because this can invalidate developed bullishness however as the head-and-shoulder breakout was that strong and there are some very solid supports lying this is currently not the most likely scenario and a bounce with the final wave establishment can be much more expected. After bitcoin has shown up with the final wave this will lead into the target-zone where several resistance is lying and also supply from past market environment, this is the point where a possible reversal can upcoming and Bitcoin sets up to pullback firstly to lower levels in the channel as you can see it marked in my chart the first level to consider here will be the immediate-pull-back-zone, till then we need to elevate how Bitcoin shows up with the further price-action which will be a meaningful indication, for now, Bitcoin has shown up with great bullishness however when the final-wave moves on it will lead also to strong resistance layers which should not be underestimated as the price-action can reverse from there. In this manner, thank you for watching the analysis, have a good day as well as good trading and all the best! "Astonishments tend to happen outside the usual experiences." Information provided is only educational and should not be used to take action in the market.
COINBASE:BTCUSD
by VincePrince
22
Bitcoin, Double Top, Opportunity On The Short-Side!________________________________________________________________________________________________ Hi Traders, this is a trade setup I give to you for free today. Support will be great. The major entry was realized yesterday as bitcoin reached the peak at 13200, this is a possible second chance. ________________________________________________________________________________________________ REASON: Double Top, Trading Below Trendline, Trading Below EMA. ________________________________________________________________________________________________ How trade can look like: ENTRY: 12900-12300 MINIMUM TARGET: 12750 MINIMUM STOP LOSS: 13200 MINIMUM RISK REWARD: 1 ________________________________________________________________________________________________ In this manner, thank you for watching and good day! Information provided is only educational and should not be used to take action in the markets. ________________________________________________________________________________________________
BYBIT:BTCUSD.P
by VincePrince
62
The Massive Cup-Handle-Formation Bitcoin Is Building!Hi my friends, Welcome to this analysis where we are looking at Bitcoins 12-Hour timeframe perspective, as Bitcoin is approaching the previously established resistance within the 12445 levels I made some worthwhile detections important for the upcoming determinations and destinies of bitcoins developments, as already mentioned the huge head and shoulder formation bitcoin not only formed on the daily chart but also on the weekly chart has already shown a positive bullish outcome which is pointing to higher targets in the structure, besides that Bitcoin is now forming this possible Cup-Handle-Formation which has good potential to form properly within the structure when the next steps show up, therefore, I detected the important steps ahead which leading to a final breakout as well as confirmation of the formation and activating upcoming targets. Looking at my chart you can watch there that Bitcoin is now approaching this strong resistance level at the 12345-12445 level where a pullback is likely as it has already shown in the past with bitcoin approaching this level, beside the resistance lying there it is still supplied which has accumulated from past price actions and investors as well as traders wanting to exit the market considering the dumping which has shown up. When the likely bearish pullback shows up which is marked with the letter A as expected and bitcoin moves below this rising-trend-line marked in my chart in dashed grey it will move on to the next appropriate support to consider for stabilization and back-up which will be in this case the level marked with the letter B in my chart where several supports coming together forming this coherent support cluster where the 100-EMA marked in blue, the 38.2 % Fibonacci-level and the horizontal lying there all coming together and producing this area with a high likelihood for a bounce and final confirmation of the handle of the bigger cup-handle-formation, this will lead then to the final step in the structure marked with the letter B in my chart where Bitcoin shows up with the decisive breakout above the neckline finally confirming the formation and activating upper targets further in the structure. When the formation shows up with certain individual steps A-C as suggested it will show very good potential for bitcoin to continue with the established bullish pace. When looking on the reverse it is highly important that bitcoin really holds this level and does not invalidate it by a close below the trendline and support-cluster, this however is at the moment, not the most expected scenario to consider. Also what is important here is that bitcoin is a front runner in the current cryptocurrency market environment as many altcoins as well as the major Ethereum still mingling in the range this can indicate an increased dominance of bitcoin, in this case, it needs to be elevated if the altcoins have the strength to move on with this pace or it will show up in a bitcoin-season, these approaches will be definitely interesting to watch. In this manner, thank you, everybody, for watching, support is very good, have a good day and trading, all the best! "There are many roads to prosperity but one must be taken." Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
18
These Establishments Will Be Extremely Essential For Bitcoin!Hi Traders Investors And Community, Welcome to this analysis where we are watching the Bitcoin daily timeframe perspective, bitcoin came to a point where it is testing several resistance-layers together in which it already got rejected once, a key point in this whole structure is the neckline of the previously established head and shoulder formation which confirmed bearishly to the downside, now as bitcoin tests this crucial level it will determine the next outcomes and it has to be noted that we can either expect the pullback to be happening right away or bitcoin manages to take out this strong resistance and continue upward before showing a pullback, both scenarios will be confirmed properly and it is important to look at the signs when each of them is confirmed before taking speculative assumptions happening too often these times, therefore I detected all the important levels and likely outcomes we should consider now. Looking at my chart you can watch there that bitcoin besides testing the upper boundary of the ascending-channel-formation also tests this strong neck-line-resistance which is an important reference point here because when this strong resistance is taken out properly we can expect a continuation within the bullish-continuation-zone marked in green in my chart which will also lead to a c-wave-extension of the formerly established wave-count. On the other side when bitcoin fails to move above this resistance and pulls back anew this will lead to a testing of at least the 10-EMA marked in red in my chart and when bitcoin closes below this pivotal EMA a continuation to the back-up-cluster is likely to happen. What is also important to consider in this situation is that stochastic is showing more bearish signs as the K and D-line consolidating at the top which is normally seen before a bearish reversal shows up. Taking all these factors into consideration as a sophisticated trader we should look for the proper confirmation as suggested before going in the right direction. At the moment many other cryptocurrencies showing mixed signals with either bearish formations forming at the bottom or on the verge at highly important turning points which will be decisive for the further outcome, as already mentioned a bullish continuation has the possibilities given within bitcoin however this needs to confirm properly and a pullback should not be underestimated here especially when bitcoin testing these strong resistance layers still existing above. The next times will be interesting to watch how bitcoin furthers direction and where it will lead, for now we need to anticipate if either the bullish scenario with a decisive move above the upper resistance or the bearish one with the close below the EMA fulfills further destinations. In this manner my friends, thank you everybody for watching the analysis, feel free to support, have a good day and all the best! "Prospect is the ingredient of good fortune." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
3
Why Bitcoins Pull-Back-Scenario Should Not Be Underestimated!Hi Traders Investors And Community, hopefully, everybody is doing well in these times and welcome to this analysis where we are looking at Bitcoins 6-hour timeframe perspective, Bitcoin has managed to recover since the heavy bearish breakdowns into the 10.000 USD psychological support mark where it managed to form some uptrends and this huge ascending-channel-formation, nevertheless there still some very important resistance layers above which should not be underestimated and overall a pull-back-scenario isn't still fully unrealistic at the moment as bitcoin does not yet have established a concrete trend where technically it is still trading within this bigger perspective sideways-movement. Now there are some very important scenarios we should consider in the current situation which are imminent upcoming and can swift the whole dynamic again, an important question will be how strong possible pull-backs can look like and how bitcoin can possibly manage to recover from them, therefore I detected the meaningful levels and upcoming outcomes we should consider within this situation. When looking at my chart you can watch there that bitcoin is just trading right above the point of control of the volume profile marked in red where it is building somewhat of a triangular formation together with the descending-trend-line and the middle-line of the ascending-channel-formation also bitcoin has the support within the 30-EMA marked in my chart in grey, these signs indicating a new reality to establish taking bitcoin from here higher in the structure however this rally will directly lead into crucial resistance layers above where not only the wave-counts are ending but also still strong resistance lying consisting of the horizontal resistance in red and the upper boundary of the channel coming together and forming this considerable short-entry-zone as it is marked in my chart, currently the bullish trend-establishment isn't strong at all and therefore a pull-back-scenario is likely to happen sooner or later which has good potential to show up when bitcoin makes this last move into the strong resistance layer suggested. The next times will show how bitcoin reacts when moving into the resistance and it will be important how the pullback will look like, if it is strong or not, the initial-pull-back target here will firstly be the lower-boundary of the huge ascending-channel-formation where bitcoin has support and possible to recover, when this support does not hold and bitcoin does not show the proper reversal signs within this the pullback can move on into the pull-back-extension zone where the lower levels will be pointed in which the 10.000 USD mark will be tested again. Overall we should not overspeculate the currently still marginal rally to the upside which has not yet confirmed a decisive outcome and trend-establishment, therefore it is so much more important that we do not take the pull-back-scenario by side here as the past has shown that this can show up more swiftly than expected especially within the volatile cryptocurrency space. The next time we need to assess how bitcoin advances further in the structure here and it will be interesting as well as important development when the reverse scenario is also taken into consideration. In this manner, thank you everybody for watching the analysis, feel free to support, have a good day and trading, all the best! "Great alterations 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
11
Bitcoin, Two Outcomes, One More Likely One!Hi my friends, 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 this and upcoming situation. Bitcoin recently has shown some marginal up moves in the structure where it already build this ABC-wave-count, now as this wave-count has emerged bitcoin currently is testing resistance where a consolidation within the range can be expected, a big question currently is if bitcoin can extend this emerged wave-count or if it will move further in the channel and form a D- and E-wave ahead in the channel, currently it has to be noted that both outcomes leading into a possible short as there are still resistance layers and the bearish pressure did not yet end the big question just will be when and how these pullbacks will show up within this developments and bitcoin destinies. Looking at my chart you can watch bitcoin has formed this ascending-channel-formation where it has completed the ABC-wave-count and now is testing the upper boundary of this channel, besides that bitcoin has this ascending-trend-line which is holding the bulls above, besides that it was good that bitcoin moved above the 100-EMA which was resistance before. Now taking all these factors into consideration there are two outcomes to expect in this structure of which one has a more likelihood, the first one will be that bitcoin manages to hold the ascending-trend-line and gain strength above it to finally approve an upside breakout which will lead to a C-wave-extension as it is marked in my chart, the other scenario is when bitcoin falls below the ascending-trend-line and moves on to test the lower boundary of the ascending-channel-formation before backing up to the upper boundary again which will lead to a D- and E-wave forming coming into the channel and lying also ground to confirm this ascending-channel-formation as a possible bear-flag to show up. As bitcoin has already established this slightly more bullish pace and is trading above the 100-EMA as well as above the ascending-trend-line the bullish scenario has a higher possibility here and can be traded properly when bitcoin manages to move above the upper boundary and close there. When this outcome shows up it has to be noted that there are still strong resistance layers above which are likely to show up in a pullback in this manner the market has to be elevated again. Taking up both perspective the extension as well as the further development in the channel both will lead to a pull-back-scenario further in the structure which should definitely not be kept by side here as it is happening to often as the market especially the cryptocurrency market tends to exaggerate this is just where smart-money comes into and taking up the position trades from inexperienced traders, a reason more to not overspeculate things and assess the market in the right manner. In this manner, many thanks everybody for watching, greatly appreciate all supports, have a good day and all the best my friend! Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
44
Ethereum, Decisive Scenarios To Consider On The Weekly Basis!Hi my friends, Ethereum is forming some interesting movements not only on the smaller timeframes but also on the bigger timeframes such as the weekly timeframe where it is moving in two ascending-channel-formations, the one is more local and steeper and is marked in black where the immediate trend is lying and the other is more global and flatter where the huge wave-cycle is lying. It has to be noted that Ethereum is moving a massive consolidation here already for a long time where it will show a strong breakout sooner or later. As Ethereum is now approaching the middle-line of the steeper ascending-channel-formation since some weeks this will be an important reference point to further continuations besides that there is the 10-EMA which is holding the weekly trend to the upside here. In comparison to bitcoin this structure is very differential as Ethereum recovered better from the heavy corona breakdowns seen this year and managed to move higher above these established pre-corona highs in the structure. On the more middle-term, Ethereum is building this triangle-formation you can watch marked in the structure in my chart with the orange triangle which will show a breakout sooner or later either to the up or downside, now as the 10-EMA in green and the middle line of the channel is still holding we can also expect this to go on till there is a decisive move, taking all these factors into consideration the bullish case moving above the upper boundary and determining a new higher high is at the moment more possible than the bearish case that Ethereum breaks below and tests the lower boundary as there is still some solid support lying which can increase the bullish pace here scenario A should be more expected than scenario B. This scenario A will show up when Ethereum manages to move above the upper boundary with a decisive move which will increase bullishness till it tests the upper boundary of the steeper ascending-channel-formation which will lead to a C-wave extension of the bigger wave-count as it is marked in my chart, it will be interesting how Ethereum proceeds further here. In this manner, thank you everybody for watching, have a good day and weekend, feel free to support and all the best! Information provided is only educational and should not be used to take action in the markets.
COINBASE:ETHUSD
by VincePrince
13
Bitcoin, Determining Mechanisms Upcoming Next Weeks And Months!Hi my friends, Bitcoin has recovered from the annormal corona breakdowns seen this year as it moved above the 100-EMA on the weekly timeframe basis so crucial for the bullish development, these movements were the most bearish breakdowns seen in bitcoins history and that is why it was very worthwhile that bitcoin managed to form this meaningful step above the 100-EMA again, nevertheless in a more bigger perspective bitcoin is moving in this massive ascending-channel-formation where it still has the upper resistance and supply lying there around the upper boundary coming together in this coherent short-entry-cluster marked in red, this cluster is lying in the accelerated-supply-zone between the 2017 high and the 2019 high which was already origin of heavy bearishness seen in 2019-2020. The next times a rally to higher levels can be expected, this rally however will run directly into the resistance layers lying there marked in my chart where this strong supply is lying which can be the initial reference point for a pullback to the downside, these resistance layers also ending with the wave-count finishing in this level. Especially when looking on the upcoming economic events like elections or the second increase in corona from which many scientists is talking of these determinations will be critical and it has to be noted that when there comes a massive corona increase or other important measurements within the corona policies such breakdowns arent far from sight and can even invalidate possible rallies, this is why these rallies should not be overvalued for now as we have seen how fast the market can reverse back in 2019 as approaching the supply-zone. From a technical standpoint, the resistance layers above are likely to produce the pullbacks seen in my chart which will firstly lead to the initial-short-target marked in my chart at the 35-EMA in black, when bitcoin does not manage to recover here bitcoin will move on to drop further to the 100-EMA in red matching with the middle-line-support which is extremely important to hold considering any solid bullish continuation because when bitcoin does not hold this levels sustainably it will increase bearish pressure extremely within the pull-back-extension-zone below the 100-EMA and middle-line supports even taking a new test of the lower boundary into considerations. Now as many people becoming already extremely bullish and point bitcoin to reach astronomic levels in just two weeks this is where we need to do not overspeculate the market with illogical approaches because this is just what smart money operators and market makers on the other side waiting for. In order to assess the market properly, we need to see what is going on there and yes Bitcoin established some good recoveries from the corona breakdowns but it is still not yet fully bullish this is why the bearish perspective especially when looking at the resistance layers above should not be kept by side here, therefore, it will be interesting how bitcoin will develop next times the final wave leading into the strong resistance above and how it will react under the suggested approachments. In this manner, thank you everybody for watching the analysis, have a good day and good weekend, very good contentment for everybody who is supporting, all the best! Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
6
Bitcoin, Since Volatiltiy Increased, Here Is What To Consider!Hello Traders Investors And Community, Welcome to this analysis where we are looking at bitcoins 12-hour timeframe perspective, it is also an update-analysis to the structure I detected on the daily timeframe and the strong resistance lying there, if you did not see this analysis already I highly recommend it to watch by going on my profile to have a full-depth-overview. The last times we saw bitcoin increasing the volatility within the range formed in the 11200-11600 level, since bitcoin confirmed the upper resistance-cluster properly to the downside bitcoin is now mingling there and tested already the lower levels, a big question we should ask now if this bearish pressure established here will increase and move to the lower levels at the end or bitcoin manages to somewhat stabilize in the structure and take out the strong resistance layers above which still existing and should not be underestimated in this structure bitcoin has formed. Recent Events And Established Structure: Now as you can watch marked in my chart bitcoin just recently tested the 15-EMA in green, which is the 30-EMA also in the 6-hour chart, together with this EMA bitcoin also tested the middle-line of this massive ascending-channel-formation, these two supports reference points bitcoin tested recently with a heavy volatile bearish move which is crucial here because when bitcoin gains the strength to move below them it will continue to the lower levels to be reached in the structure consisting of the blue back-up-cluster. The next times we can expect bitcoin to move further with its consolidation here and after some time make the necessary decision, either bitcoin manages to stabilize further or bears gaining in strength and finally push below the support that lower levels will be reached. Important Considerations: Bitcoin is in a situation where it has to show how it will proceed further from this position and if there come more bearish pressure which will lead to a pull-back-extension or it manages to hold this structure, currently the bearish side should not be kept by side as we saw this bearishness already increasing the last times. When bitcoin now continues with this bearish pressure and moves below the support levels it will continue further till there is substantial support found which can reverse the whole dynamic again which is in this case the blue back-up-cluster coming several supports together and forming this coherent cluser which is highly important to hold because when bitcoin closes below it this will increase the possibility to further into the bullish-invalidation-zone marked in my chart. In this manner, thank you for watching, good day my friends, and support for more market insight. "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
5
Bitcoin, Move Above HS-Resistance Activated Next Developments!Hello Traders Investors And Community, Welcome to this update-analysis where we are looking at BITCOIN daily timeframe perspective and the head and shoulder developments going on there, as more likely expected Bitcoin recently managed to move above the crucial upper resistance necessary to take out for Bitcoin to confirm the head and shoulder formation in a bullish way, this was also the suggested scenario with greater likelihood on the weekly timeframe and the signs detected there, if you did not see this analysis already I highly recommend you to watch it to have a full-depth-overview. Now as bitcoin has taken out this major resistance there are some more alignments, levels, and outcomes we should consider in this whole structure here. Confirmations And Structural Development: As you can watch when looking at my chart bitcoin managed to take out this descending-trend-line marked in grey sustainably and now is trading above this trendline where it has touched it already several times. Besides, that bitcoin managed to close above the previously established resistance which was very important for bitcoin to show up bullish and confirm the massive head and shoulder formation in a bullish way, now as bitcoin moved above this resistance and is also currently testing it this resistance became coherently support now where bounces are likely to occur. What is also interesting to notice here and what added to the structure is that bitcoin moved above the 20-EMA marked in blue within my chart, as bitcoin did this in previous bull runs this is an important move which should not be kept by side here. Upcoming Outcomes: Now as bitcoin has shown up with all these important factors necessary to confirm the major head and shoulder formation in a bullish way we can expect it to move higher after it has tested the support which was previously resistance successfully. When this happens properly bitcoin will move higher and test firstly the upper resistance marked in grey in my chart before a pullback there can occur for bitcoin to gain more strength in the structure. Friends, it is always important that we wait for such confirmations and activations within the asset and price-action before taking any further considerations, it is always the best option compared to just rushing into trades which do not satisfy at the end of the day, this is why it is so important to look for such layers like in this case to consider the scenarios with the highest possibility and approach them accordingly. In this manner, thank you for watching, good day my friends, and support for more market insight. "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
13
Bitcoins HS-Formation More Potential On The Bullish Perspective!Hi my friends, Welcome to this analysis, we are looking at Bitcoin, the 2-hour timeframe perspective, the recent events, the current formational structure and what can be expected the next times. As bitcoin approached higher within its structure and is now somewhat consolidating since some time it is forming an important formation here which will determine the further outcomes in the structure, this formation will play a crucial part in the next outcomes and a big question is if this formation confirms to the up or downside as for now there are more possibilities given for an upside breakout, therefore I detected all the important levels and necessaries to confirm this breakout to the upside and also the reverse perspective when the formation shows a reversal to the downside visiting lower levels in the structure which should not be kept by side in this development. Structural Developments: Looking at my chart you can watch bitcoin now building this head and shoulder top formation where it has formed the neckline marked in blue right above the 45-EMA marked in green which is an important reference point here holding the price-action above it. Furthermore, we can see the left shoulder and the head already formed and bitcoin is now setting up to form the right shoulder as the neckline bounce has initiated this, besides this, we have the descending-trend-line marked in grey higher in the structure where a good chance is given that bitcoin pulls back there to complete the whole right shoulder in the structure as it is marked in my chart when the bounce-back occurs within the trendline this will complete the right shoulder and therefore set up to the up or downside which needs then to be elevated properly. Outlook: Basically, there are two possible outcomes to consider here, the first is that bitcoin manages to move above the descending-trend-line marked in grey to set up on this and form further bullish movements which will confirm a bullish confirmation and the second possible outcome is when bitcoin breaks below the neckline and closes there to continue with bullish pressure to the downside. As bitcoin has still established a bullish pace and some solid supports in the structure which can move the price higher the bullish outcome has currently a higher possibility than the bearish one nevertheless it is highly important to wait on the proper confirmation before going into the right direction which is also the difference to merger speculation seen too often these days, therefore it will be important how and when bitcoin confirms the next developments in the right direction to then take appropriate action. In this manner, thank you for watching, good day my friends, and support for more market insight. "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
11
Bitcoin, Testing Upper Resistance, These Outcomes To Consider!Hi my friends, Welcome to this analysis where we are looking at bitcoins 4-hour timeframe perspective, the recent events, the current formational structure and what we can expect the next times. Bitcoin has established a remarkable bullish pace within its range and structure however it has not yet confirmed decisively a trend and the next outcome definitely to come this is why the bearish scenario should not be kept fully by side here, as bitcoin approached higher we should not underestimate a pullback in this structure, this means to be prepared on possible changes to do not get overwhelmed by the market circumstances often faced these times, therefore I detected all the important levels and possible outcomes we should consider with bitcoin in its established structure to anticipate the upcoming destinies. Price-Action Establishment and Possible Reversal: As you can watch when looking at my chart bitcoin has established this coherent wave-count within firstly the first ascending-channel marked in blue and then also within the second ascending-channel marked with the dashed black trendlines as the price action to the upside got faster, now this was a crucial move as bitcoin has still remaining resistance levels higher in this environment, the main resistance is within the 11800-11900 which is also matching with the final wave of the wave-count and with the middle-line of the channel. This resistance is therefore more likely to produce a pullback to lower levels when touched, the big question then will be how protracted this pull-back will be and if there can come a fast reversal or the price-action firstly needs to stabilize. Upcoming Outcomes: Now as bitcoin is approaching these serious resistance-levels above there will come firstly a reversal in the structure sooner or later, this will move into the pullback when bitcoin crosses below the lower boundary of its channel with a decisive move, when this happens and bitcoin leavs its established second ascending-channel the pullback will go on till there is serious support found which can reverse the dynamic, the first support in this scenario is the upper line of the first ascending-channel marked in blue where bitcoin can bounce and form a back-up, when this does not hold the next will be the lower support marked in grey that is also matching with the middle-line lying there, this is extremely important to hold because bitcoin will increase bearish pressure when falling below it again, then the next steps need to be elevated, it will be interesting to watch how bitcoin develops further here. In this manner, thank you for watching, good day my friends, and support for more market insight. "Forecast 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
7
NKNBTC trade opportunities with Engulfing Hello, Dear subscribers! Today, our automatic Engulfing strategy detected a new opportunity of the reverse to uptrend and potential growth in the NKNBTC price. The EMA and SMA (5, 10, 20, 30, 50, 100, 200) indicators demonstrates the downtrend. The Commodity Channel Index (20) and MACD level (12, 26) revealed the trend change. Also the trend reverse is confirmed by touching the RSI support line. The buy level was 0.00000169 and we expect a 2.9% increase from this point which is 0.00000174 level. The alert was automaticaly execured by SkyRock Signals trading bot
Long
by Skyrexio
Bitcoin, The Crucial Determinations Upcoming The Next Times!Hi my friends, Welcome to this analysis where we are looking at bitcoins daily timeframe perspective, the recent events, the current formational structure and what we can expect the next times. Since bitcoin managed to somewhat form a reversal and develop the breakout above important levels there are still remaining resistances in the structure and as bitcoin has shown some upside volatility yet but did not already confirm a final trend the bearish perspective can not be kept by side at the moment and bitcoin needs to show the proper signs in the structure that the bullish perspective can be anyhow considered further, therefore I detected the important levels and possible outcomes we should consider with bitcoin and its current structural developments. Ascending-Channel And Development: As you can watch now in my chart bitcoin is forming this preliminary bigger ascending-channel-formation where the upper and lower boundary marked in blue, besides that bitcoin is forming a coherent wave-count here were the major waves A and B already formed, the final wave C now will directly run into this resistance-cluster marked in my chart with the red level, where several resistances coming together, once it is the upper boundary of the ascending-channel, second it is the horizontal resistance 11700 there coming together and forming this resistance-cluster between 11570-11780, besides that this move will also complete the wave B of the bigger wave-count, all these factors making this range a strong resistance where a pullback can not be underestimated. Outlook: When bitcoin pulls back from the strong resistance lying there which is a very likely scenario at the moment as the trend begins already to struggle this will generate a smaller or bigger pullback firstly testing the lower levels in the structure, these are given within the blue back-up-cluster marked in my chart in the 10850-11050 level where bitcoin has the solid support which can form into stabilization and finally back-up, here it is really important that bitcoin holds this level because when it falls below it this will firstly be a bearish sign and can indicate a further continuation of bearishness which will fully come into terms when bitcoin also does not hold the ascending-trend-line which is lying there as bitcoin will increase with the bearish pressure within the bullish-invalidation-zone marked in my chart, when considering the bullish perspective this scenario should not be kept out of sight here. In this manner, thank you for watching, good day my friends, and support for more market insight. "There are many roads to prosperity but one must be taken." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
22
Bitcoin, Approaching Serious Resistance, This Outcomes Possible!Hi my friends, Welcome to this analysis where we are looking at bitcoins 4-hour timeframe perspective, since bitcoin has shown this heavy upside volatility the last times it is approaching serious resistance layers above which just can't be kept by side here, therefore it is better to look at what the market is doing rather than to rush into trades which are not satisfying at the end of the day. Bitcoin currently is in a situation where a correction when not a bigger pullback is more likely which increases when bitcoin does not hold certain levels. In this case I detected the important levels and possible outcomes we should consider within bitcoins currently established structure. Looking at my chart you can bitcoin now moving in this preliminary important ascending-channel-formation where it already touched the upper and lower boundary several times and where it still has some serious resistance above within the ascending-resistance-channel marked in red in my chart, besides that bitcoin has the horizontal resistance lying there marked with the red box in my chart, together these levels are building a strong resistance where bitcoin not only will have a hard time to even go above but also which increasing the possibility for a pullback firstly to lower levels much more. This will show up when bitcoin gets rejected in the structure again and increases the bearish pressure accordingly then. When bitcoin shows up with the more likely scenario to form a pullback in this structure this will lead to the next important support to be considered which will be in this case the 55-EMA marked in my chart in red where bitcoin also has the middle-line of the channel as support. This level is inevitably crucial to hold for bitcoin because when falling below this level it will increase the bearish pressure till the lower boundary is reached firstly after this it has to be elevated further, however, when bitcoin holds this level it can recover from here and maybe gain the strength to move above resistance also nevertheless this needs to be shown with the proper price-action also. In this manner, thank you for watching, good day my friends, and support for more market insight. "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.
COINBASE:BTCUSD
by VincePrince
22
Litecoin, Since Final Wave Established, These Outcomes Likely!Hello Traders Investors And Community, Welcome to this update-analysis about LITECOIN 4-hour timeframe perspectives, we are looking at the recent events since the previous analysis according to this structure, what LITECOIN is likely to show up with now and what outcomes there can be determined. The final major C wave marked in red together with the coherent minor C wave has now fully established as expected and ran exactly into the resistance-cluster which I already mentioned, if you did not see this analysis already I highly recommend you to watch it by going to my account and look at the analysis to have a full-depth-overview. As LITECOIN has now approached these clusters there can come some preliminary changes and alterations in the trend with a possible reversal therefore I detected all the significant levels and outcomes important to consider here. As you can watch in my chart LITECOIN already formed this coherent pull-back within the red resistance-cluster and what is also worthy to mention here is that the volume increased this means a lot of pressure was there already, now LITECOIN can form the pull-back as it approached these several resistances and this pullback will go on till there is serious support found which can reverse the whole dynamic, this can happen in the first preliminary level marked in orange in my chart where LITECOIN has the middle-line-support and also horizontal support, when this level does not hold LITECOIN will continue with bearishness till the second preliminary level within the lower boundary of the channel, both levels are marked with S1 and S2, when LITECOIN approaches these it has to be elevated how strong a possible reaction there can look like. In this manner, thank you for watching, good day my friends, and support for more market insight. "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.
COINBASE:LTCUSD
by VincePrince
9
Bitcoin, Finally Approves Bullish Breakout Above Boundary!Hello Traders Investors And Community, it is always good when TA is going well and so much better when a trade is also entered before huge volatile moves occur, in contrary to what academics are stating so often these times that technical analysis is not a science and it is just a random-walk-theory there is much evidence that is functioning well when it is applied right which is, of course, an important factor in this case, therefore technical analysis has definitely scientific aspects which can prove really profitable at the end of the day. Within bitcoin it was a good way to enter at without stress around the 10500 levels as the wave C in the triangle-wave-count has emerged, this gave a really strong setup with good realized potential as the volatile price-moves pushed to the upside after some little consolidation and the D and E establishment. Structure: Now as bitcoin managed to form these strong moves above the upper boundary of its massive descending-channel-formation bitcoin is now testing the previously established local-resistance-line which is also the neckline of the confirmed head and shoulder formation. As bitcoin has still strong resistance layers here a pullback the next times to show up is a likely scenario, however, this pullback will move into the solid support levels lying there, which is firstly the 100-EMA marked in grey in my chart and also the upper boundary of the channel, besides that bitcoin has also Fibonaccis there. These levels can form a good support-cluster as it is marked in my chart in blue where bitcoin can bounce and move on to test the higher levels again. Outlook: When bitcoin moves as expected and the blue support is confirmed bitcoin can show a decent bounce and confirm this V-shape formation in the structure which can point to the higher levels. When bitcoin manages to move above the local-resistance-line sustainably this will activate the testing of the next higher resistance which is in this measurement the global-resistance-line, by the way, this is also matching with the head and shoulder I detected here. So as traders it is the best to wait now when there is not already a trade entered, it is always the best to wait on the proper setups to show up when there is not already a trade entered before otherwise it is not the best option to just rush into trades which aren't satisfying at the end as the prices already moved strongly in the direction it is better to look for new opportunities upcoming. In this manner, thank you for watching, good day my friends, and support for more market insight. "Good luck is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
34
Bitcoin, Pullback Possible Before A Solid Breakout Takes Place!Hello Traders Investors And Community, Welcome to this analysis, We are looking at bitcoin, The 1-hour timeframe perspective, The recent events, The current formational structure, What we can expect the next times and how to handle the upcoming situations appropriately. As bitcoin recently shown up with this strong volatility move to the upside it broke above several resistance layers and confirmed its triangular formation to the upside, now as this sharp event has taken place bitcoin currently tests resistance and it is often seen that after such event a correction or pull-back takes places in the structure, this is what a possible scenario can at the moment look like, therefore I detected all the important levels and outcomes we should consider with bitcoins structure and next developments. When looking at my chart you can watch there that bitcoin now beginning to show some supply signs and is building a triangle there, this triangle when broken with bearishness to the downside can lead to the testing of the lower levels where bitcoin can possibly stabilize, this bearishness will continue till there is substantial support found which has the potential to reverse the situation and in this case it is the back-up-cluster you can watch marked in my chart in blue where bitcoin can possibly handle to back-up as there are several supports lying consisting of the Fibonacci-supports and also the trendline from the previously formed triangle, besides that the 400-EMA marked in red is coming into the layers there, overall building a strong level where bitcoin can bounce. Bitcoin is in a situation where it has to show if the supports lying lower in the structure can hold sustainably, when this happens and the bullishness can stabilize bitcoin can manage to move up again and prove the breakout above the descending-resistance-line marked in my chart in red, in this case it is from high importance that bitcoin really manages to bounce in this structure and does not show up with bearishness increasing while bullishness decreasing which can alter the dynamic again, for now, we should not keep the initial pullback completely by side and underestimate it, when this has completed further alignments and be measured and it will be interesting to watch how bitcoin manages to handle this range. n this manner, thank you for watching, good day my friends, and support for more market insight. "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.
COINBASE:BTCUSD
by VincePrince
13
Since Bitcoin Volatiltiy Set The More Likely Scenario Develops!Hello Traders Investors And Community, Welcome to this update-analysis where we are looking at bitcoins 4-hour timeframe perspective, the events which showed up, the current formational structure, what has changed to the initial analysis and what we can expect now with the increased possibility to happen. Since bitcoin recently has shown this strong upside volatility it made a major step above the established upper boundary of its important triangle, now as this expected move has shown up in bitcoins price-action the further alignments are likely to be developed, there are still some important outcomes bitcoin has to show properly before the full confirmation can be expected and when bitcoin shows up with it there is some great potential given. Increased Possibilities: Looking at my chart you can watch there this clean green shooting star-candle directly above the upper boundary of the triangle-formation marked in blue where it is now trading, this move was the initiative for the more likely bullish scenario which increased to a possibility of 85% now. The next time we can expect the movements going on and gaining strength before the final breakout can happen, this can show up as it is marked in my chart with consolidation between the 300-EMA marked in green and the upper boundary of the triangle-formation. When bitcoin then manages to move above the descending-trend-line marked in blue which is the last important resistance in this structure it will be the final confirmation for bitcoin into the expected bullish zone. Outlook: Now as the possibility for a bullish breakout and continuation increased by almost 20% it will determine the further outcomes in a profounded way and when bitcoin shows up as expected this will shift the whole dynamic into a more bullish picture where higher resistance levels in the structure still remaining can be tested. Currently, this is a likely scenario and the bearish one decreases with the possibility, however, this can increase again when bitcoin shows bearish signs in the structure it is currently developing. Till then it will be interesting to see how bitcoin develops further in the structure and how the bullishness can show up here. In this manner, thank you for watching, good day my friends, and support for more market insight. "Trading effectively is about assessing possibilities not certainties." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
13
Bitcoin, Imaginable Entry-Set-Up When This Shows Up Properly!Hi Traders Investors And Community, Welcome to this analysis where we are looking at the bitcoin 1-hour timeframe perspective, the recent events, the current formational structure, what we can expect the next times and how possible entry-set-ups can look like. As bitcoin fell down to its recent remaining support at the important psychological 10.000 USD mark this was a good point to cover shorts in the structure which resulted firstly logically into short-squeezes, now bitcoin is at a point where it has to decide if it manages to move above these simple short-squeezes and form some further solid potentials and when it does bitcoin can show up with some decent entry-set-up as I detected in my chart the important levels and likely outcomes we should consider in the current situation and bitcoins destinies. Looking at my chart you can watch there that bitcoin is just forming this preliminary inverse head and shoulder formation which can prove crucial in the end of the day as it is marking a possible reversal of the past bearish price-action and short-opportunities, bitcoin already formed the left shoulder and the head properly and now is testing the 100-EMA marked in my chart in green which can be the origin for the right shoulder to be formed in the structure as it is marked within my chart, this can happen when bitcoin moves into the validation support marked in blue where a bounce must set in to form the right shoulder properly, here it is necessary that bitcoin really bounces in this level and does not fall below it because this will increase the bearish pressure to the downside and possibly invalidate the formation. When bitcoin manages to form the right shoulder as expected or it is also possible to form the right shoulder a little bit higher than the validation level this can provide the final breakout and confirmation of bitcoins formation as it will happen with a decisive move above the neckline marked in blue, a pullback to this neckline will also be an optimal price-action, when bitcoin shows up with this it will activate the Fibonacci-price-projection marked in my chart in green, the whole mechanism can be traded either aggressively with immediate entry or conservative with entry after confirmation, although the immediate entry is also possible here the conservative one will be much smarter as it will mark the confirmation of the formation, traders should decide according to individual risk-preferences. In this manner, thank you for watching, good day my friends, and support for more market insight. "Good luck is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
17
Here Is Why BITCOINS HS-Formation Has Greater Bullish Prospects!Hello Traders Investors And Community, Welcome to this higher-timeframe-analysis about the detected head and shoulder formation firstly on the daily timeframe where I mentioned the two possibilities and ways of confirmations of the head and shoulder formation I detected bitcoin is forming, if you did not see this analysis already I highly recommend it to watch to have a full-depth-overview. In this analysis now we are looking at the weekly timeframe perspective and I discovered some worthwhile signs and signals which making the bullish breakout and confirmation of the head and shoulder formation more likely at the end of the day, these deductions mainly base on the other technical factors and structure bitcoin is building, therefore, I point out the more possible bullish scenario in this multi-timeframe-outlook adding coherently up to the former daily timeframe-perspective and the things measured there. Head-And-Shoulder Structure: As you can watch in my chart on the weekly timeframe bitcoin is building this fundamentally important head and shoulder formation above the 20-EMA marked in blue which is strong support in this case as the price already bounced there several times in the past, besides that bitcoin is still trading above this descending-support-line marked in red where it not only has solid support when it visits it again but also bounced there the last weeks properly. Furthermore, the bitcoins movement above this structure diminishes in volatility which gives the bulls more room to stabilize and set up to confirm the formation upward. Taking all these factors into considerations now bitcoin has a higher likelihood to confirm this massive head-and-shoulder-formation to the upside than to the downside as there are several technical supports holding the trend to the upside. Outlook And Validation: Now as bitcoin printing the higher possibility to confirm its head and shoulder formation bullish to the upside this scenario will confirm properly as already suggested above the 11150-11350 level, for this bitcoin has to close above it on the daily timeframe and then also on the weekly timeframe to form a pullback with the stabilization and further continuation, after that a move above the descending dashed grey trendline seen in my chart will fully validate the head and shoulder formation and activate the target zone seen in my chart between the 15700-15800 level. When bitcoin follows these steps rightly in the structure there is the high potential given that it will reach the head and shoulder target zone which will also complete the wave-count with the final wave 5 after this has been done there is a pullback awaiting with a possible entry in the target-zone. Next Outcomes: What is often seen in today's markets is that after a certain target of formation has been reached the price reverses into the opposite direction and forms a counter-reaction, this mechanism is strengthened when there are other technical factors underlying it like in this case with the reach of the target zone bitcoin will also end the wave-count and run into the resistance, therefore, a pullback after the targets were reached is a serious scenario to be considered, the first immediate-pull-back-zone will be at the 11500-11800 level where supports lying and bitcoin has the possibility to stabilize again when this does not happen and bearish weakness increases further after the initial pullback bitcoin can form a pull-back-extension which has the potential to travel to 8100-8150 to form a protracted pull-back, however till then the further developments need to be elevated. In this manner, thank you for watching, good day my friends, and support for more market insight. "Forecast 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
24