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BTCUSD-Market-Status-UpdateHi Traders Investors And Community, Welcome to this analysis where we are looking at BTCUSD and its 12-hour timeframe perspective. As already mentioned in past analysis BTCUSD had these strong resistance layers still existing higher in the range which now confirmed a second time and pulled bitcoin to test the remaining psychological support at 10.000 USD, now it is important to mark that bitcoin is either bullish nor bearish here as it is trading in a sideways movement and it firstly needs to show up with the proper alignements and the continued outcome, there are however some possible outcomes and further continuation which are likely here, what is important to consider for bitcoin on the middle-to-long-term-perspective is that it is from high importance to wait till the trend has found in the right direction, otherwise we should not overestimate and overspeculate rallies happening because this can prove fatal as it is what smart money operators waiting on these days. Looking at my chart you can watch there that BTCUSD now confirmed the 100-EMA-resistance marked in grey it has in the structure a second time now and set BTCUSD, this second bounce in the level can be the origin for a further test of the lower support and psychological level of 10.000 USD. When considering the bullish perspective and a recovery here this level is highly crucial to hold because when BTCUSD falls below it this will increase bearish pressure with a high possibility and the current sideways movment could just be a set up to further the next leg to the downside. Therefore when visiting this area again bitcoin needs to bounce otherwise with a definite close below this will put bitcoin to visit the lower levels in the structure and at least the rising blue support line still existing there, the pull back will increase and extend in the red pull-back-extension-zone marked in my chart for a bullish succession it is fundamentally necessary that bitcoin does not visits this area. Taking all these factors into consideration now, bitcoin is in a situation where it has to find its trend and when this is done there can be further measurements approached. There are coming basically two possible scenarios up with this, the first will show up when bitcoin manages to move above the 100-EMA-resistance sustainably and then also breakout above the upper boundary of this massive descending-channel-formation marked in orange. On the contrary side the bearish perspectives will fulfill when bitcoin moves with a volatile move deisively below the 10.000 USD support mark which will increase the bearishness. For now we need to not overspeculate things and wait on the proper confirmation which is the best option compared to just rushing into trades which do not show up with the preferred outcomes. 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
17
BTCUSD, Building The Triangular Formation, Likely Outcomes!Hi Traders Investors And Community, Welcome to this analysis about bitcoin and its 4-hour timeframe perspective, we are looking at the recent events, the current formational structure, what we can expect next times, and which outcomes are more likely than others. Bitcoin showed up some downside volatility the last times where we need to ask the question if this will continue further or bitcoin manages to form a reversal here, on the higher timeframe bitcoin diminishes in volatility and is still in a bigger consolidation phase, what will be seen after such phases is an extensive breakout and increase of volatility either to the up or downside, what I have spotted besides that are some other important levels and outcomes we need to consider at the moment. Triangle Formation And Structure: Bitcoin is building up this massive triangle-formation here marked in blue in my chart where it already touched severely the upper and lower boundary, what is seen after such formations is an extensive breakout, the longer bitcoin stays in the triangle the heavier and stronger the breakout will be, what is also highly important besides this triangle is the fact that bitcoin is forming it above the psychological support level and also above important EMAs as well as horizontal support, this fact makes the triangle certainly more bullish than bearish at the moment, furthermore, you can watch the bullish and bearish breakout zone with the possibilities marked in my chart. Likely Outcomes: As bitcoin is forming this strong triangle above solid support the bullish breakout is more likely, this will show up when bitcoin moves firstly above the upper boundary and confirms it with a pullback after this bitcoin can manage to move into the bullish zone with a strong breakout, this scenario is likely to happen with 65 % possibility, on the reverse side the bearish scenario will show up when bitcoin closes below the lower boundary and continues within the bearish zone as there is still support lying above this is not the more possible scenario at the moment. What is the best for sophisticated traders is to wait on the proper confirmation before moving into the direction. 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
15
Bitcoin Building The Second Key Head And Shoulder Formation!Hello Traders Investors And Community, bitcoin is building the second key head and shoulder formation, bitcoin already built such a formation one time in the established structure which confirmed suddenly to the downside as you can watch in my chart, bitcoin is now building very exactly the same head and shoulder formation also with the same size and in the same timeframe, the big question, in this case, will be now if this second triangle breaks to the downside as the first one or bitcoin manages to stabilize above the support further and move higher to confirm it upsides, therefore I detected the important levels and more likely outcomes we should consider at the moment. Looking at my chart you can watch this second head and shoulder and how bitcoin is trading above the established support which is also existing on the higher timeframes, also it is trading above the 100-EMA in blue which was an important EMA in the last head and shoulder confirmation, the fact that bitcoin is trading above it makes it certainly more bullish at the moment and also the volume is not really matching into it as it is mixed and not steeply declining, furthermore bitcoin is trading above this rising support, taking all these important factors into consideration a bullish confirmation is at the moment more likely than the bearish one. What is necessary here is really to wait on the confirmation before looking for the proper direction, this will happen in the bearish case when bitcoin closes below the neckline as it was seen in the first head and shoulder, with the bullish case the confirmation will happen when bitcoin manages to close above the falling dashes grey resistance line and also form a pullback from where it can move further, it is possible to enter the market immediately nevertheless the conservative approach to wait on the confirmation will be much smarter here as the final destination has not yet shown up, traders need to decide according to individual risk preferences. In this manner, thank you for watching, good day my friends, and support for more market insight. "The men on the trading floor may not have been to school, but they have Ph.D.’s in man’s ignorance." Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
7
Bitcoin, Approaching Upper Levels Again, Important Measurements!Hello Traders Investors And Community, Welcome to this update-analysis, we are looking at bitcoin, the 12-hour timeframe perspective, the recent events, the current formational structure and what outcomes are likely the next times. As bitcoin has established decent bullishness on the short-time-frame this was a first preliminary step into a more bullish picture within the short-time-frame, nevertheless, there are still strong resistance layers lying above as well as on the short-time-frame as on the bigger timeframes like the 12-hour timeframe or the daily perspective which we should not keep by side at the moment. Therefore I detected in this update the important levels and possible outcomes we need to consider now and what bitcoin has to show up with to confirm a bullishness further and do not pull back to lower levels as well as extend the correction. Looking at my chart you can watch the huge orange descending-channel in which bitcoin is trading and in which the upper boundary already confirmed severely to the downside as you can see already in the past bearish down move putting bitcoin to test the remaining support anew, currently, bitcoin is approaching the same level again and as there the horizontal resistance, as well as the upper boundary lying as resistance bitcoin, is form a serious resistance cluster here marked in my chart with the red circle. When bitcoin will approach this level now it is not likely that it will go directly through it, more likely is firstly a bounce back which can happen to the 100-EMA marked in grey and when this does not happen also to the remaining support at the 10.000 USD psychological mark where also the 300-EMA coming together marked in my chart. Bitcoin is in a situation where it is approaching remaining strong resistance and the question if the pullback is a smaller one or it extends into a bigger one, when bitcoin can not hold the remaining support marked in blue it can continue to the rising blue trendline, these levels need to hold considering a strong bullish breakout of the upper ongoing otherwise when bitcoin does not manage to show the proper bullish action it will increase with bearish pressure in the pull-back-extension-zone marked in my chart where bullish reversal and stabilization gets more difficult, however, it can be more expected currently that bitcoin manages to stabilize either at the remaining psychological 10.000 USD support or rising support to form the next bullish price action and continuation to higher levels, when bitcoin shows up with a great breakout of the upper boundary this will be fully activated. In this manner, thank you for watching, support for more market insight, good day to you, and all the best! "Science is organized knowledge. Wisdom is organized life." Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
7
Bitcoin, Bullish Divergence Detected, Opportunity On Long-Side!Hi Traders, Welcome to this analysis, we are looking at bitcoins 4-hour timeframe, I detected some important signs and signals to look at, you can watch in my chart the bullish divergence bitcoin build with declining prices and the MACD rising standing for a bullish divergence existing here, also the MACD formed a crossover. All these factors indicating a step above the meager short-squeezes and into the target zone around 11130 to 11150, when bitcoin reaches these levels it needs to be elevated if it manages to move higher or a pullback happens, as bitcoin has still strong resistance layers there a pullback can be more considered. Traders it is always important to look on high possible setups which have a good chance to fulfill rather than rushing into bad trades which do not offer the expected goals seen very too often these days, this means we need to keep the speculative approach by side and trade what we see not what we think. The trade can be entered aggressively with an immediate entry or conservative with entry after confirmation above the falling trendline, although the immediate approach is also possible here the conservative one will be much smarter. When bitcoin reaches the preliminary targets it will be interesting how it develops further as a consecutive on the higher timeframes did not do yet. In this manner, thank you for watching, support for more market insight, good day to you, and all the best! "Trading effectively is about assessing possibilities, not certainties." Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
34
Bitcoin Weekly Determining Moves Upcoming Next Weeks And Months!Hi, welcome to this weekly analysis about bitcoins perspective and upcoming destinies. Bitcoin just recently bounced within the back-up-cluster mentioned and formed some healthy up moves within the smaller timeframes as well as on the higher timeframes. The fact that bitcoin also confirmed above the crucial descending-trend-line is playing more into a bullish picture. Furthermore, bitcoin is holding strongly above the supports and when even considering moving below these supports bitcoin will have a hard time doing so. Bitcoin has also held above the established pre-corona highs which where the reference point before the heavy breakdowns seen this year, overall bitcoin has the potential that the pullbacks are already over. Support And Resistance: In my chart, you can see that bitcoin is consolidating above important support bases which is once the descending-support-line marked in red, secondly the 60-EMA in green, and also the massive psychological level of 10.000 USD which was previously resistance is now supported. Furthermore the fact that bitcoin bounced in the back-up-cluster previously mentioned by me increases the possibility for a stabilization above this level. There is a smaller probability given that bitcoin rushes below all these levels, this probability however is currently pretty marginal as it is more likely that bitcoin will confirm these levels anew when visiting again. Channels And Formation: Firstly bitcoin is moving in this huge ascending-channel-formation marked in blue in my chart where it already touched the lower boundary two times in a row in 2018 and 2020 and confirmed, therefore, the 200-EMA as logical support, what happens in such a consolidation also when looking at the huge size is a second touch of the upper boundary remaining, this is also matching with the overall broadening wedge target as the broadening wedge suggested confirmed properly the upper boundary is matching with its targets marked with the green boxes in my chart. When bitcoin manages to move above the red dashed falling trendline with a successful bullish and volatile move we can expect the upper boundary to be tested. Outlook: Since the corona pandemic has established in March this year it was a historical event for markets as such volatility caused by a health crisis has been never seen before the corona increase has shown up, this is why also the landscape of the global market has changed into a more volatile one nearly recovering from the heavy breakdowns where many people said it will never recover again. The fact that bitcoin is trading above the established pre-corona-highs makes it a stronger perspective than before as only a move below these highs can signal substantially weakness, therefore a move to higher levels can be anticipated more than the bearish side at the moment, it will be interesting to watch how this is showing up. In this manner, thank you for watching, support for more market insight, good day to you, and all the best! "Anticipation of fortune is, in itself, a very considerable fortune." Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
11
Bitcoin, Potentials Unlocking When These Steps Show Up!Hi, welcome to this analysis, we are looking at bitcoin 2-hour timeframe perspective, since a little bounce occurred the last days which mainly was still remaining shorts covered resulting in a nice little short-squeeze bitcoin ran directly into the resistance layers above which are still existing and therefore should not be kept by side. In this structure, it is inevitable to anticipate if bitcoin has the strength to gain above the short-squeeze and develop real bullishness sufficient to take out the resistance levels or bitcoin firstly visits the lower levels in the structure, in this case, we have zones in the way where bitcoin can possibly bounce and form upside movements nevertheless we should not overextend possible rallies as pullbacks arent confirmedly over. When looking at my chart you can see the resistance line at 10835-10845 which bitcoin recently visited and formed a swift bearish reaction to the downside, this was firstly a move to the falling grey support line and to the territory of the 60-EMA marked in grey, the next times we can expect somewhat of consolidation to the downside here as it is marked in my chart, the resistance still remaining and on the lower side it is the support which is there when this shows up as it is marked it will be a very good set up for possible further continuations and a move above the short-squeezes we have seen normally aren't strong enough to build consistent upside action when bitcoin bounces then at the Fibonacci-support it can be the origin of continued bullishness. Bitcoin is in a situation where it has some remaining supports and possibly can also confirm them with a decent probability nevertheless it is crucial that bitcoin really does so and does not fall below the Fibonacci-support in blue again because it will increase bearish pressure and move bitcoin to test the remaining lower levels in the structure marked in orange when bitcoin shows up with this the whole formation can alter into a more bearish one that can lie the ground for a more protracted bearish move to the downside this scenario should not be kept by side and it can only be invalidated when bitcoin manages to form new highs in the structure developed when bitcoin moves above the descending-resistance-line in black it can be the first indication for it. In this manner, thank you for watching, support for more market insight, good day to you, and 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 markets.
BITFINEX:BTCUSD
by VincePrince
7
Bitcoins Bullish Journey May Not Be Fully Lost Till Now!Hi, Welcome to the update-analysis about the bitcoin 12-hour timeframe perspective. Bitcoin confirmed the bearish zone properly to the downside and now tested the remaining support anew as it was expected, now as bitcoin found support within the support marked in blue in my chart it is possible for bitcoin to show some up moves from this origin as it is marked in the chart, in this case, it is possible for bitcoin to test the remaining resistance levels which bitcoin has at the 100-EMA in black not to mention the strong upper boundary of the channel still existing as serious resistance. When bitcoin approaches these levels a pullback and ongoing consolidation firstly are more within the likely spectrum than an immediate move above the resistance layers. It all depends on the relative strength bitcoin can build up here, when this is not strong enough and weakens again a push below the support and below the 300-EMA in red can set bitcoin to test remaining supports at the blue ascending-support-line firstly. Otherwise when bitcoin manages to hold the range and gain strength solidly in the level bitcoin can set up the next bull run, in this scenario it is from high importance that bitcoin moves above the 100-EMA sustainably and don't confirm it as resistance anew. When bitcoin shows up with this it can increase the pace again above the upper boundary and show new volatile movements to the upside which can lead to the next wave-count, then it is crucial to bitcoin showing up with the mentioned mechanisms. Currently, all hope is not fully lost yet and there are possibilities for bitcoin to gain strength again till then it is important to keep patient and see how the situation develops, in this case, it is critical to not rush into trades which have no satisfying outcome as it is happening many starters coming out in the wrong position where smart money operators just waiting on the other end and profit from inexperienced traders and the stop-loss-hunts resulting out of it, for a healthy recovery it is really important for bitcoin to not show up into the pullback-extension-zone marked in red where bearish pace increases and bitcoin needs more fuel to recover fully, nevertheless it is currently not the highest possible outcome as bitcoin still trading above support layers. In this manner, thank you for watching, support for more market insight, good day to you, and all the best! "A substantial mind becomes a substantial fortune." Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
12
Bitcoin, Since Bearish Declines, These Outcomes To Consider Now!Hi my friends, Welcome to this update-analysis looking at bitcoins 4-hour timeframe perspective, the recent events, the current formational structure and what we can expect the next times. As bitcoin fell below the ascending-channel-formation as expected and completed the upside wave-count it now tested the remaining support which is a crucial reference point in the still remaining structure. Now a big question, which is also confirming the view on the bigger timeframes and technical analysis, is if this structure can hold sustainably and bitcoin manages to move to the upside from here anew or bitcoin visits lower levels again, even then it is important that bitcoin shows certain mechanisms, therefore I detected the important levels and possible outcomes we should consider at the moment, for now, we should not over speculate the situation and look what the market can do and on the contrary what is a lesser likely outcome. Looking at my chart you can watch the 700-EMA marked in blue where the price bounced since the bearish breakdowns established here, by the way, it was a great point to cover the profits of shorts which we also realized within the channel. Now as bitcoin confirmed this EMA firstly as support which is also matching with the horizontal in this level bitcoin has the potential from here to stabilize further to test the remaining resistance in the structure which it has at the 200-EMA level, when bitcoin tests this level the more likely scenario is the first pullback from there before a new test can occur, overall bitcoin needs to take out this EMA to show bullish continuation within the bull zone marked in green otherwise when bitcoin does not show up with this and mingles marginally in the structure it will increase the possibility for continued bearishness and a next leg to the downside. Considering the bullish stabilization scenario it is highly important for bitcoin to do not fall below the orange box marked in my chart as below this level bitcoin can move on further and test remaining support on validity, overall bitcoin needs to hold the grey dashed falling trendline considering any bullishness here, below this trendline it will be a high bearish pressure when bitcoin closes in the bear zone. Currently, it is important to wait and don't overextend the market as this is happening to often these days, bitcoin made a leg to the downside, now bitcoin firstly needs to allocate itself before showing any other direction at the end of the day. Compared to other cryptocurrencies bitcoin is certainly one of the stronger coins at the moment as it is holding above the established support while others are below them, it will be interesting how further developments show up here. In this manner, thank you for watching, support for more market insight, good day to you, and all the best! “Patience is the road to wisdom.” Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
8
Bitcoin Weekly Structural Allocations! Hello Traders Investors And Community, Welcome to this update-analysis where we are looking at bitcoin weekly timeframe perspective, the recent events, the current formational structure, what we can expect next times and how possible outcomes can look like. Bitcoin now bounced on the weekly chart in the important back-up-cluster I mentioned previously and is testing the level anew, this will be crucial as it is important to anticipate if this level can hold sustainably or bitcoin will firstly visit lower levels in the back-up-cluster before stabilization can fully take place here. In this case, I detected the important levels and possible outcomes we should consider for bitcoin at the moment, and firstly there are some meaningful mechanisms to show up for bitcoin forming the proper stabilization otherwise the bearishness is a result following up. Looking at my chart you can watch bitcoin now bounced at the psychological 10.000 USD and in the back-up-cluster, now as the price is testing this range again and the prcie-action looks rather bearish on the smaller timeframes and also now on the higher timeframes this will be critical because when bears increasing pressure to the downside further bitcoin can revisit the back-up-cluster again, basically there are two possible outcomes in this structure now, the first is that bitcoin manages to hold the current range and stabilize within it to form decent upmoves which going to test the remaining upper resistance levels and the second will be that bitcoin moves below the support and visits the remaining support in the blue zone marked in my chart. When bitcoin does not manage to hold this support consiting of the EMA and the rising support the bearish pressure will increase when bitcoin closes into the bearish ground zone in red where several supports will be broken and the bears will increase with their pace. The next times will show if bitcoin has the stength to hold the established support further and form upmoves from here or it sets up to test remaining supports as mentioned, both scenarios can lead to a testing of the resistance. In comparison to the rest market bitcoin currently is one of the strongers as it is trading above support on the weekyl chart where others are clearly below it, however bitcoin needs to show up with the proper price action that the bullish case can increse further. For now we need to keep patient and see how the bitcoin develops further here, nevertheless bearish case should not be underestimated as the pull backs arent over for now it is important to recongize this to do not get overwhelmed by circumstances as it is happening too often these days resulting in bad trades which should be avoided for a sophisticated trader at the end of the day. In this manner, thank you for watching, support for more market insight, good day to you, and 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 markets.
BITSTAMP:BTCUSD
by VincePrince
3
Bitcoin Entered Next Markdown-Phase, These Are Important Levels!Hello Traders Investors And Community, Welcome to this update-analysis, we are looking at the bitcoins 4-hour timeframe perspective, the recent events, the current formational structure, what we can expect next times, and how to possibly handle the situation appropriately. As previously mentioned bitcoin had a high possibility to confirm the distributional channel it has within the major channel anew, this is what happened now and the fact that bitcoin just touched the distributional channel marginally makes the bearish reaction followed up with it an increasingly stronger one which should not be kept by side and normally it makes a continued bearishness more likely this is why as bitcoin now showed up with this meaningful move there are some other objectives and possible outcomes we should consider at the moment, therefore I detected the important levels and likely scenarios we should consider in this situation. Looking at my chart you can watch the bear-flag which bitcoin now purposefully confirmed in the schedule to the downside, furthermore, bitcoin now has formed this descending-resistance-line marked in blue where bitcoin has strong resistance, besides that bitcoin has the 300-EMA resistance which previously support, this resistance cluster now building a coherent resistance cluster here marked in red, when bitcoin visits this area the potential for a bearish move to the downside is given high and it should be more expected for now than the bullish stabilization above it, when bitcoin shows up with the bearish case it will continue till there is support found which is likely to be the lower accumulational channel marked in green, where bitcoin can bounce properly in the schedule and stabilize, important here is that bitcoin really bounces there and does not close below it, however as there is still demand lying this can be expected. As bitcoin now made the expected bearish move we need to keep calm and look what is the current situation, as bitcoin followed up bearishly this does not mean bitcoin is fully bearish on the bigger timeframes also, we should keep in mind that bitcoin showed high bullishness before and that this may not be over, therefore we need to look for possible stabilizations and levels where the middle and longer term can proceed, in comparison with the altcoins bitcoin is really a stronger one at the moment as many altcoins forming really bearish formations and looking for more downside this should not be kept by side here, besides that it will be interesting what the dollar is doing now when it is going up this can increase the pace to the downside within the cryptocurrency and can unload in critical bearish movements, it will be interesting to see how the market develops further here. In this manner, thank you for watching, support for more market insight, good day to you, and 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 markets.
BYBIT:BTCUSD.P
by VincePrince
4
Bitcoin, This Direction Has A Higher Likelihood Now!Hello Traders Investors And Community, Welcome to this update-analysis where we are looking at bitcoins 1-hour timeframe perspective, since the last time I looked at this timeframe with bitcoin there has changed something important in the structure, as the EMA-support bitcoin still has within the 100-EMA marked in red held properly and bitcoin right away bounced at the EMA and the neckline to the upside, this was a more bullish move and the possibility for a bullish confirmation of the head and shoulder formation rather than a bearish breakdown has increased now, if you did not watch this analysis already I highly recommend that you watch it by going to my account to have a full-depth-overview, previously it had been two possible directions in which the bearish one was still not the more likely this just became clearer now as bitcoin bounced at the important level, it is what we need to assess when considering trading as it is always important to wait for the proper confirmations before going in any direction for sure as people often tend to overspeculate in only one direction seen to often these days this can prove fatal in the end. For bitcoin now this does mean that it has opened some good possibilities to firstly continue bullish in the structure here, furthermore, it has to move above the falling resistance line marked in grey in my chart, when bitcoin finally completes with it this can provide a decent entry set up as it is marked in my chart, when bitcoin moves above the level the head and shoulder formation is bullishly confirmed and we can expect the higher levels to be reached with an increased likelihood within bitcoins schedule. When bitcoin has reached the overall upside targets at around 11250-11275 it has to be elevated how bitcoin reacts in this level as there are resistances which should not be necessarily underestimated, bitcoin needs to show if it has the strength to move directly above this level or firstly form a pull-back to lower grounds. What is important here is that we keep cool and look at how bitcoin reacts then to then assess the marked appropriate and be prepared on possible upcoming volatile movements also in the reverse perspective, it will be interesting how bitcoin shows up with it. In this manner, thank you for watching, support for more market insight, good day to you, and all the best! “The ambition to transform opportunity into gold remains the most significant tool for a trader.” Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
12
Bitcoin Is Building The Crucial Head And Shoulders Formation!Hi my friends, Welcome to this analysis looking at bitcoins 1-hour locally timeframe perspective, the recent events, the current formational structure, and what is possible to be expected next times in bitcoins outcomes. As bitcoin established this still marginally uptrend bouncing at the support established it is a big question a the moment if bitcoin manages to somewhat form a solid uptrend or if it fails and breaks bearishly to the downside, in this case, I detected the important levels and possible outcomes we should consider in bitcoins current situation, overall bitcoin is in a significant decision searching at the moment where it needs to establish its further movements, what is important in such cases is to wait and look for the proper confirmations rather than rushing into trades which is happening to often these days, it is important to concentrate of the main goals and don't fall apart to the smart money operators definitely also available in cryptocurrency, not as much as for example in the stock-market however it is a factor that should be calculated. Looking at my chart you can watch there bitcoin moving in this blue uptrend channel where it established its uptrend which is still somewhat weak and not the strongest overall, such uptrends just by the low volatile movements can reverse swiftly in the reverse direction or the price manages to stabilize in the range to set up and form stronger movements. Besides that, you can watch the head and shoulder formation forming here marked in orange in my chart, such formations normally break out to the downside as they confirm a top nevertheless as bitcoin has still some solid support levels here coming together with the 100-EMA marked in red and the lower boundary of the blue descending-channel the upside breakout is within the likelihood spectrum and should be more considered for now compared to the bearish breakdown where bitcoin firstly needs to go through these strong supports, overall we need to elevate and see how bitcoin develops further here then both breakouts can be traded after confirmation. In this manner, thank you for watching, support for more market insight, good day to you, and 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.
COINBASE:BTCUSD
by VincePrince
6
Bitcoin, Global And Local Levels Crucial For Bull-Establishment!Hello Traders Investors And Community, Welcome to this analysis where we are looking at bitcoins daily timeframe perspective, events occurred in the last days and weeks, what are the important local/global levels at the moment and what are possible outcomes for bitcoin next times. Since bitcoin showed the heavy bearish breakdowns which were likely to show up as mentioned in my analysis we had this huge global-resistance-line with a high possibility to confirm to the downside, as this happened bitcoin firstly found support at the blue support line and 10000 level, now as bitcoin has provided a smaller and weaker rally it approaches preliminary resistance in the structure which should not be kept by side in any case, as the local trend is still not strong enough there is a higher likelihood given that the local resistance confirms as it, therefore we should not overspeculate it currently and look how bitcoin can stabilize. As you can watch when looking at my chart, firstly bitcoin is trading in this massive descending-channel-formation marked in orange as the upper and lower boundary already confirmed several times the upper boundary is a preliminary strong resistance which bitcoin approaches the next times, besides that bitcoin has the local-resistance-line in this level as it is marked in my chart in black, together with the upper boundary it is forming a resistance-cluster here marked in red where bitcoin has the possibility given to confirm it bearish to the downside, when this happens and the dashed black trendline bitcoin has in the local level is broken to the downside bitcoin will increase with bearish pressure till there is support found which will be the blue support level marked in my chart, from that on there are basically two possible outcomes with which bitcoin can show up and lead to the next paths. The first option when bitcoin approaches this blue support is that it bounces there immediately and stabilizes, the second option, in this case, is when bitcoin falls below the support as it does not manage to hold it and tests lower levels which will be the blue rising support line in this case, when considering these two scenarios bitcoin at the end of the day needs to break above the upper boundary substantially and close there to not fall back into the channel again because this can cause a bull-trap where bitcoin firstly mingles into the channel anew and it won't provide the healthy market environment for bullish continuation when bitcoin does not manage to move above the upper boundary immediately and stays in the channel and weakens the blue rising support this can result into a pull-back-extension as it is marked in my chart where bitcoin moves into the red zone below trendline which will cause heavy bearishness and protracted extension. Bitcoin is in a situation where it has to show how it will proceed after the upcoming pullback and how it can stabilize or extend the pullback as mentioned, what is important is that we do not overextend the current rally and keep the bearish perspective in mind as the pullbacks aren't necessarily over therefore it is important to wait on the properly suggested confirmations, fundamentally speaking an increase of corona can also lead to higher selling pressures together with a stronger dollar upcoming this can also move bitcoin to a more precarious pull-back with extension, bitcoin still is above the pre-corona highs which do not mean it can fall below them again, in this case, we should be prepared to the possible upcoming swift volatile movements to the downside to not get overwhelmed when it happens because this is what smart money operators and market makers just waiting on, we should anticipate it and trade with the right trading-system in this case. In this manner, thank you for watching, support for more market insight, good day to you, and all the best! “There is a time to go long, a time to go short and a time to go fishing.” Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
16
Bitcoin-Market-Status-UpdateHello 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 to expect next times, and how possibly enter the market under upcoming conditions. Bitcoin slowly recovered from its preliminary support level and did not fell below it which was firstly an important step into acquiring some volatile movements, now it is trading within an ascending-channel-formation which is playing a crucial part here, for now, we should not keep the bearish scenario fully out of sight as the pull-backs established before may not be over at the moment, therefore I detected the important levels and possible outcomes we should consider in bitcoins current structure. Looking at my chart you can watch bitcoin trading in this preliminary ascending-channel-formation marked in blue where it bounced already several times at the upper and lower boundary and now established this wave-count currently forming the major wave 4 of this wave-count with the ongoing correction, this wave is ending up in the blue demand-zone marked in my chart between the 10550 and 10630 level, where bitcoin not only has support with the lower boundary and also horizontal support established by past price-action, this factors making it highly possible for bitcoin to bounce in this zone and set up to form the major wave 5 which will be the last wave completing the whole wave-count firstly to the upside. Considering this the wave-count is directly running into a significant supply-zone marked in red in my chart where bitcoin has still strong supply layers lying and by the way previously established resistance, this made the level a possible short-entry, going further bitcoin needs to break below the lower boundary which will increase bearish pressure to the downside and bitcoin will see lower levels within a highly possible spectrum. It is possible that bitcoin holds the lower boundary and moves on to form new highs nevertheless by the fact that bitcoin will complete its wave-count then this is not the highest possible given, it will be interesting to watch how bitcoin develops further in this range. In this manner, thank you for watching, support for more market insight, good day to you, and all the best! “If there’s a will, prosperity can’t be far behind.” Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
13
Bitcoin, These Outcomes Are Possible When Level Approaches!Hi my friends, Welcome to this analysis where we are looking at bitcoin 12-hour timeframe perspective, the recent events, the current formational structure and how possible outcomes can look like the next times. Bitcoin somewhat managed to hold the important support mark since its bearish breakdowns heavily moving to the downside and now slowly building upon this, what we need to note is as already mentioned that bitcoin till now did not develop any strong bullish action and the trend is still weak, this is more indicating for another leg to the downside to show up with. Looking at my chart you can watch bitcoin moving above this blue bullish-reference-trendline which is a meaningful trendline in the structure as it is holding the meager established bullishness to the upside, first of all it is to note that when bitcoin breaks below this trendline it will be the cause of lower levels minimum to the previous support to be visited. At the moment bitcoin has some room to advance higher as it has not that much resistance in the structure however this will change when bitcoin approaches the strong layers of resistance which it has marked in red in my chart and also with the big visible range resistances, when this level approaches it will be a huge test for bitcoin and as for now there are two possible outcomes following up on this test, the first one is that bitcoin manages to gain strength in the level to move higher, the second one more likely one is when bitcoin confirms the level as resistance to move below the uptrend line and continue bearish till there is a possible stabilization found. For now the bearish scenario is much more likely as the bearish layers are just to strong and when the trend stays that weak the bearish case can be taken into consideration. Bitcoin is in a situation where it has some room to move higher nevertheless approaching heavy resistance levels that are crucial for the next price-action, bitcoin has to show how it will react in this level, for now, it is significant that we do not over speculate the current marginal rally as there did not showed any substantial reversal signs providing bitcoin with new highs to come. At the moment we need to stay patient and looking at what bitcoin is further developing in its destinies suggested. In this manner, thank you for watching, support for more market insight, good day to you, and all the best! Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
10
Bitcoin Volatility Deflates Till It Comes Fuel Into The Journey!Hello Traders Investors And Community, Welcome to this analysis we are looking at bitcoins 4-hour timeframe perspective, the recent events, the current structural formation, and how possible outcomes can look like the next times. Bitcoin fell heavily to the 10.000 USD mark which it held for a longer time and did not fell below, in this case, there came two factors together once the bears pushing the price heavily to the downside and secondly the bulls bought the support at the previous resistance, firstly the bulls were stronger in this case however there are still some important facts and mechanisms to look at indicating that pull-backs may not be over yet, in this purpose I detected the main levels and outcoming scenarios we should consider here for bitcoins destiny to come around with, currently the volatility has somewhat decreased nevertheless this can change when the proper outcomes show up. Looking at my chart you can see bitcoin since it held the lower supports established this ascending-channel-formation marked in blue where it is slowly advancing with low volatility, this low volatility does not really stand for a solid and sustainable trend and can turn into the reverse direction more easily than high volatile movements. It is possible that bitcoin advances further the next times as it is seen in my chart, this advancement when it does not gain sufficiently in momentum will run directly into resistance which is crucial for bitcoin here as there is still Fibonacci and horizontal resistance lying marked in my chart with the red level, when bitcoin touches this level and turns bearishly to the downside with a swift bearish move the possibility for a break of the lower boundary and ongoing tests of lowe levels increases steeply and currently this is a more likely scenario as bitcoin did not establish serious bullishness yet. When bitcoin confirms the layers of resistance and sets up to test lower levels the possibility of a test of the 10.000 USD S/R-level can be given when bitcoin does not hold the EMA structure here, this is really important as the 100-EMA marked in green and the 400-EMA in grey are near a crossover which can confirm bearish to the downside, however, it did not fulfill now and when the 100-EMA bounces of the 400-EMA this can invalidate the signal. Overall it is important to look with which pace bitcoin measures further when the lower boundary is broken, currently, there is not much volatility this can change and it is important to anticipate it to not get overwhelmed when the market shows up with high volatile movements coming around the corner, till then it is good to not overextend the market happening too often or just wait for the right entries to take advantage of. In this manner, thank you for watching, support for more market insight, good day to you, and all the best! Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
21
Bitcoin, Trading In Channel, This Price-Action To Watch Now!Hi my friends, Welcome to the analysis we are looking at the 1-hour timeframe, the recent events, the current formational structure building up with bitcoin here, and what are possibilities in the outcome. As bitcoin is trading in its range and will have a greater decision next times either it should break below the range or stabilize bullish in its structure there are some ongoing price-actions which are important to watch now. Therefore I detected the levels and possible outcomes in bitcoin we should consider assessing the market in the wrong way as it is happening too often these day. Looking at my chart you can watch bitcoin trading in this preliminary ascending-channel formation which is meaningful in the current structure as it will determine further developments, besides that bitcoin has this strong falling resistance line marked in red where it has a decent probability to confirm it anew time bearish to the downside, furthermore, the momentum in the channel is not the best and price has difficulties to advance, such movement is normally seen before a bigger volatile move to establish and at the end of the day bitcoin has the strong resistance at the 200-EMA marked in blue. Taking all these weighty factors into consideration bitcoin has a greater possibility of 65 % to break to the downside than to the upside, this will confirm when bitcoin moves below the lower boundary of its channel and closes there to continue till there is significant support reached which can possibly reverse the situation, this support is at 9980-9960 marked in my chart where bitcoin can back-up and move higher till then the bearish scenario should be much more expected as the signs telling it. Bitcoin is in a situation where it has to show how long its range can behold and what will happen after it, in such situations it is important to not get overly speculative as this is what smart money operators just waiting for, we should wait on proper confirmations to show up to follow up with also in the middle or long term, till then the most possible scenario currently as mentioned is to the short-side till the chart speaks something different, it will be interesting how bitcoin shows up with the more possible outcome and what will happen after it. In this manner, thank you for watching, support for more market insight, good day to you, and all the best! "The market is a forecaster looking forward." Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
14
Risk-To-Reward-Calculation with Key-Components.________________________________________________________________________________________________________________________________________ Hello Traders Investors And Community. Welcome to this educational idea about the risk-reward-calculation in position trading with the 5-Key-Components determined. Today's markets constantly changing and adapting and in such environments, we need to stick to a systematic trading approach to have the long term goals realized and do not fall apart of market-making and smart money operators, when considering position-trading there are some important steps in acquiring the long-term-success we should take apart when calculating the right risk in comparison to our capital and other key-steps to measure what trading is the best for ones individual trading-system to achieve the aims we desire. Therefore I contributed the 5-Key-Components inevitable to measure one's risk-to-reward in the market and best applied in a functional trading-system. 1.) The 5 Key Position-Trading Rules 2.) Acknowledging Risk Aversion 3.) Risk-To-Reward-Calculation 4.) Risk-Reward-Ratio vs. Winrate 5.) Possibilities of Success and Ruin ________________________________________________________________________________________________________________________________________ 1.) The 5 Key Position-Trading Rules 1. First Rule: Do not hold the position longer than necessary: It is important to choose a trading-system which has good entry timing and the right opportunities to exit therefore it is the best to be in the market when volatility increases and takes profit at the important levels to not hold the position unnecessarily longer. 2. Second Rule: Aim to make as much as possible by risking as little as possible: When trading we should advance by making the most of what we have at hand, today's markets offer options with leveraged trading which can work also with smaller percentages of the deposit at hand, in this case, the leverage should be calculated right. 3. Third Rule: Only risk a small amount of capital on any trade executed: It is commonly under beginner traders to risk a high percentage of the total deposit, this is a fatal mistake as the risk grows exponentially, to achieve security of the deposit in the long-run, the maximum risk per trade should not be more than 10% from the deposit, best is 0.5-2%. 4. Fourth Rule: Don't come to the situation to meet margin calls: This means you should avoid being marginally called on any occasions, when this happens there is evidence that the trade was too risky and the stop-loss better be placed before the margin call, when it happens, it should be a time to review your trading-system. 5. Determine the maximum drawdown for every trade in advance Before every trade you should measure how your position size with the stop-loss will possibly take a drawdown in the deposit. When the risk is too high then the smaller position should be preferred, when it is still too risky than a bigger account will be a good option. ________________________________________________________________________________________________________________________________________ 2.) Acknowledging Risk Aversion This is a very important step in determining ones individual trading-systems, as traders act differently to circumstances some traders are risk-averse and others are risk-seeking, this means how the trader is reacting to risk and how much the individual would risk receiving a return. In the graph, you can see that the lesser your capital is the higher your risk-seeking, you are more ready to risk something averagely when your capital is lower, this diminishes the higher your capital is, there are different risk preferences reaching from extreme risk averter to extreme risk seeker. ________________________________________________________________________________________________________________________________________ 3.) Risk-To-Reward-Calculation In the big table in my chart you can see the risk-to-reward calculation and the values in it, the first value is the risk meaning how much you want to risk in the particular trade coming to the second value, the return is what you get in return on your trade. For example, you want to buy bitcoin at 15000 and have set the target at 15010, by the technical analysis you have determine a stop-loss at 14500, this will be a highly risky trade as you are risking to lose 500 points comparison to 10 points. The best trades are in the green section on the table beginning with trades where you gain 2 and risk 1, these trades should be the aim and preferred, the breakeven ratio determines how much trades need to go in breakeven to be long-time profitable. ________________________________________________________________________________________________________________________________________ 4.) Risk-Reward-Ratio vs. Winrate This rate is showing you how your trading develops by time, when you have a good winrate this means you are closing many of your positions in a profit on the other side when this winrate is low you closing too many positions in a loss and often be unprofitable in the long-run. What determines an excellent trader now as it is marked in the chart is when the average risk-reward ratio is high and the winrate also, this means you close many of your positions in a profit and also with the proper risk-reward-ratio. On the middle of the chart is the threshold determining low and high, you can also be profitable when your risk-reward is high and your win rate low or in reverse, what should definitely be avoided is when both the winrate and ratio are lows this means you have to adapt your trading-system for sure. ________________________________________________________________________________________________________________________________________ 5. Determine the maximum drawdown for every trade in advance This is a simple but very effective and important graphic showing the likelihood traders have for a point of ruin and how much the risk of ruin in comparison to it is, meaning when your deposit is at a level on which there is no longer possibility to continue. This graphic shows that when your capital is more your risk of losing it diminishes, on the other side when it is low the possibility for losses is more as the capital is not big to stand the losses, this is a groundstone knowledge in determining the trading-system together with risk. The graphic shows that the higher your deposit is the better you can take the risks in comparison and the lower it is the higher is the risk of losing more, this is why it is important to combine the risk together with a solid portfolio. _______________________________________________________________________________________________________________________________________ Alright, these where the 5 key-components to determine risk in markets accordingly, traders should always look for the individual situation and where the journeys should lead, therefore it is important to determine the risks in comparison to rewards which I bundled into the 5 Key-components necessary determining the risk-management in ones trading-system, these components can be combined applied, or single integrated into ones trading-system. _______________________________________________________________________________________________________________________________________ In this manner, thank you for watching , support for more tutorials and a good day! "Good luck is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets. ________________________________________________________________________________________________________________________________________
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COINBASE:BTCUSDEducation
by VincePrince
29
These Outcomes Can Move Bitcoin Into The Next Bull-Run-Phase!Hi my friends, we are looking at the 12-hour timeframe bitcoin perspective, bitcoin has established heavy selling volatility to the downside which it is now consolidating, the current range is crucial for bitcoin , it will decide where the journey will lead in the end, therefore I detected the important structural elements together with the hidden Fibonacci-levels we should consider at the moment, what is important to note is that bitcoin already trades below its previously established pre-corona-highs which is not a good sign at all, however, this can change when bitcoin shows up with the necessary price-action considering further establishments. Looking at my chart you can watch bitcoin developed this huge triangular formation where the upper boundary is marked in my chart with the lower-highs trendline and the lower boundary with the higher-lowes trendline marked in blue, these two lines will show the proper outcome and destination of bitcoin in the more long term perspective. Currently, bitcoin is trading below the important 60-EMA marked in blue in my chart where serious resistance is lying coming together with the pre-corona-highs trendline which is also resistance now marked in my chart in grey. These levels coming together and forming a logical and coherent resistance cluster marked in red in the chart where bitcoin has the high possibility given to confirm bearish to the downside to firstly set up and test lower levels. This can move bitcoin to finish its wave-count in the range, nevertheless, it is from high importance that bitcoin holds the lower boundary of the huge triangle sustainably because bearish pressure will increase below it when this does and bitcoin holds the boundary to bounce there it can indicate a solid possibility for bitcoin to confirm the triangle bullish which is more likely as more support than resistance is lying there. Overall we need to anticipate that the pull-backs aren't necessarily over till now and bitcoin can increase with this pace again when the certain fundamentally important supports do not hold, when bitcoin closes below the lower boundary and the 500-EMA in green lower levels will be visited highly possible, in comparison to stocks we have a similar situation with bitcoin at the moment as the major SPX also tested the pre-corona conditions and fell below it the structure looks similar to bitcoin, we should not ignore these warning signs at all and look if and when these can reverse or if we get new bullish pressure to the downside, which will happen when the mechanisms do not show up as suggested. In this manner, thank you for watching, support for more market insight, good day to you and all the best! "If you have the conditions, you get the results." Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
41