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Bitcoin-trading

Chainlink analysisChainlink spearheading the defi space of blockchain and crypto. Looks like it has completed a 5 wave impuslive 12345 structure and completed the correction ABC. The god market for crypto is Bitcoin and the god market for bitcoin is gold and gold goes up when the dollar weakens. It is unclear whether the short term structure of gold is bullish or bearish, and it'd be hard to confidently say that Chainlink can go up regardless of what is happening to gold, but the structure says we should form another 5 wave structure. If you are trading, keep your stops wide, and make your positions small, for long term investors, this is a bullish sentiment. Comment with your charts, let me know what you think. For any questions, hit the DM Dont forget to like the analysis and follow for more content on crypto, forex, equities and commodities. See related links for previous link analysis
GEMINI:LINKUSD
by TradingWithTheTrend
2
This Is What I Wanted To See For BITCOIN To Confirm!Hello Traders Investors And Community, Welcome to this update-analysis where we are looking at bitcoin 1-hour timeframe perspective, the recent events have shown one more time that technical analysis is an empirical science which can function well when applied right in the markets regardless of what academics is stating so often these times that it is just crystal ball reading and random walking of price-action, of course, it is important how the analysis is applied. Lastly stated for bitcoin it was highly important to take out the resistance cluster consisting of the grey 60-EMA and the falling red trendline out which now happened and bitcoin confirmed some healthy volatility which played into this breakout, now as these price-actions have shown up we can make the next conclusions and bitcoin providing us a decent possible entry set-up, friends it is always important that we don't rush into trades rather wait on the high possible opportunities. When looking at my chart you can watch bitcoin now trading above the further established resistance-cluster consisting of the falling red trendline and the 60-EMA in grey, these two levels are now supported and what will be a good price-action to get a second confirmation is when bitcoin pulls-back to the red trendline and confirms it properly, this will provide a solid entry setup as it is marked in my chart. Minimal targets will be at the 300-EMA level marked in green in my chart and around the 10700-10800 price-level, when these points are reached it has to be elevated how bitcoin is going further in this structure and if there can come a strong continuation to the upside or firstly some pull-backs to the downside, currently we have an increased divergence between the individual currencies which can lead to different setups in the currencies, therefore it is important that we don't measure the market only in one same direction. In this manner, thank you for watching, support for more market insight, good weekend 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.
BITMEX:XBTUSD.P
by VincePrince
10
Bitcoin Trading On The Verge To Another Continuation!Hello Traders Investors And Community, Welcome to this analysis where we are looking at bitcoin 2-hour timeframe perspective, the recent events, the current formational structure and what to expect the next times in bitcoins destiny. Since the heavy bearish breakdowns occurred bitcoin is mingling at the important psychological 10.000 USD mark where the price-moves did not manage to move above resistance till now and forming one lower-high after another, in this case, I detected the important levels we need to consider in this situation and what bitcoin does not have to show when considering a possible bottom forming here, currently there are still some mixed signals with bitcoin however there are other currencies providing better formations at the moment. Looking at my chart you can watch there bitcoin trading in this possible descending-triangle-formation with the upper-resistance marked with the lower-high trend-line in red where bitcoin provided the last times several lower-highs in the structure, normally such movements are more bearish then bullish, furthermore, we have bitcoin severally testing the 10.000 USD level and also forming one lower low after another below this level, the more bitcoin is testing this the weaker it gets, therefore the 10.000 USD mark is a highly important mark to hold and when bitcoin closes below it with an decisive candle this will trigger the stop-losses in the zone marked in my chart, currently, we should not take this scenario by side. The only thing which can provide a bullish shape for bitcoin to continue on the short-term firstly is a volatile candle with the proper volume above the 20-EMA marked in grey and above the falling-resistance lower-high trend-line marked in red, when bitcoin shows up with this it is also the best case when bitcoin pulls-back to confirm this resistance as support to move further, at the moment this is what bitcoin needs to show to confirm a possible bottom and bullish movements otherwise it can still continue to the downside, this is what we should not ignore in the structure as technically speaking there are more than one factor playing into the bearish continuation to the downside what holds the price currently still up is the 10.000 USD mark. In this manner, thank you for watching, support for more market insight, good weekend 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.
BITMEX:XBTUSD.P
by VincePrince
11
Bitcoin, Here Is Why Bearish Declines May Not Ended Yet!Hello Traders Investors And Community, Welcome to this analysis where we are looking at bitcoin daily perspective, bitcoin has shown greatly high selling volatility within the last times, such high volatile movements either they occur in the bullish or bearish direction should not be kept by side in any case and it is not seldom that the market sets up move further in the established high volatile direction, in this case, I detected the important levels, ranges and possible outcomes on the daily perspective and what needs to show up that a bearish continuation will invalidate. Looking at my chart you can watch their bitcoin established this important preliminary-support-channel where the price already confirmed several time bullish with consolidation movements touching the lower boundary of the channel and marking it as support, this channel together with the 300-EMA in red are from significantly salient to hold because when bitcoin closes below this support this will cause the next bearish declines as it is marked in my chart. Although more declines are possible within bitcoins destiny of next times there are scenarios which can possibly invalidate this incoming continued bearish which is when bitcoin manages to move above the 100-EMA marked in black sustainably and then to close above the upper boundary of the channel, this will invalidate the bearish outcomes solidly and bitcoin can stabilize above this zone to move further. When determining the next outcomes the bullish scenario is definitely possible when bitcoin manages to somewhat hold the range and move above resistance this however is currently not the most possible scenario, more likely is that bitcoin follows the path to the downside to create a new accumulation either in the 38.2% Fibonacci-support or the 50% Fibonacci-support, in the first one there is the CME-gap lying where sometimes also reversals can happen. Overall these two levels are important to watch when bitcoin breaks bearish below the suggested zones, when the bearish continuation shows up this does not necessarily mean bitcoin is completely bearish as the bigger picture has already still bullish signs in the layup, therefore let's see how bitcoin proceeds further here and manages a possible stabilization in the ranges. The established bearishness bitcoin shows here matches with the global market dynamic where many markets like for example stock are also in a decline which was in view of the big divergence between real economy and market expected this can also affect cryptocurrency however it does not necessarily have to as the spread is not onehundred percent the same, the digital gold bitcoin and cryptocurrency can be a serious hedge similarly to real gold especially in times of rumors which still have not ended yet since corona established this year. In this manner, thank you for watching, support for more market insight, good weekend 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.
BITMEX:XBTUSD.P
by VincePrince
7
BTC/USD Triangle. Non-random numbers. 1318BTC/USD A local ascending triangle has formed. The price is limited. Soon the denouement. Notice how the last time after the triangle broke 11 , Moses drove the Jews across the desert on paper for 40 years, and the price moved along a secondary downtrend line for 40 days. So now they can introduce uncertainty for a while through sideways movement. Naturally, after 40 days of uncertainty on the 21 st, a breakthrough began from the zone of 9000 thousand dollars ( 9 ). Move + 33 % to the maximum on day 12 . Also think about why it was so important to show on day 12 - 12 ,00 0 thousand dollars on the chart ( 12-12 ). Do not think, from the point of view of monetary interest, who controls the price of a given asset, he is not interested in money. After exiting the sideways range and reaching 12 thousand in 33 days from the zero point, the price found itself in a potential reversal zone. Now 23 . A triangle has formed. Let me remind you that now the price is below the local trend line of the uptrend and at the same time above the secondary trend of the downtrend. Which acts as the strongest support. In this price zone, it is very beneficial to chat about price, instilling uncertainty in the crowd. Then they will make a price movement contrary to the expectations of the majority that will form. If they decide to draw an upward pennant, the height of the flagpole is 33 %. If triangle local targets - base width 16 % Who understands, I shake hands virtually. 1318
by SpartaBTC
35
Bitcoin, Range Building Above 10K, These Levels To Watch Now!Hello Traders Investors And Community, Welcome to this analysis where we are looking at bitcoin 1-hourly timeframe perspective, which is showing some quite interesting signals at a time, the bearish breakdowns firstly stopped and came to an end above the 10K psychological level, now, a big question is if this bearishness will continue to the downside or a reversal is building up here above the important level, in this occurrence, I detected the important levels to watch now and what bitcoin is more likely supposed to do, contrary what is not. Looking at my chart you can watch there bitcoin trading below this descending-resistance-line marked in black where bitcoin already confirmed several times bearish to the downside therefore it is an important line we should not keep by site currently, furthermore bitcoin is trading in this bigger descending-channel-formation where it has support at the middle line of the formation, together with the falling-resistance-line it is building a triangular-cluster here marked with the red triangle in my chart, such clusters can either confirm to the up or downside, besides bitcoin is forming this possible double bottom marked in blue in my chart, this is why a breakout of the triangular-cluster to the upside is currently more likely. Although it is possible to trade such formation aggressively, the best option is to wait on the confirmation as there is still a little probability given that bitcoin breaks this structure to the downside. The situation is a situation where bitcoin has to show if it is strong enough to form the bottom and a reversal or further decline will follow immediately, under the current conditions the bullish scenario is more possible nevertheless we should not ignore the bearish case at all because it is not seldom that the market sets up to continue after such heavy breakdowns, therefore we need to watch how the situation is developing here and trade what we see not what we think as the contrary is happening too often these days this is just what smart money operators waiting on. In this manner, thank you for watching, support for more market insight, good weekend to you and all the best! "The market is a procrastinator looking forward." Information provided is only educational and should not be used to take action in the markets.
BITMEX:XBTUSD.P
by VincePrince
8
[$ETH] Wyckoff Distribution hypothesis #1Hello everyone, Hope you had marvellous vacations and you took times for yourself! It's almost times to get back to school or work , and during this period, institutions are back as well. Today, i would like to share my view on ETH price actions relative to Wyckoff Distribution Schematic #1 school.stockcharts.com As you can in the previous image, we may get into the Phase D which can lead to the ultimate phase and kick off the mark down. Be prepared. Trade safe, Trade Safe PEACE!
COINBASE:ETHUSDShort
by NicoDCrypto
Bitcoin, Possibilities Since The Bearish Breakdowns!Hello Traders Investors And Community, welcome to this analysis where we are looking at the bitcoin 12-hour timeframe perspectives, the events occurred since the bearish breakdown, and confirmation of the huge head and shoulder top formation. Not only bitcoin but also other major cryptocurrencies like XRP or ethereum established bearish breakdowns closing below important levels of support, this established bearish shape should not be ignored here and now it is a big question if bitcoin is already ready to reverse in the range and move to higher levels or the bearishness will continue and push the price below important support levels, in this case, I detected the important scenarios and levels we should consider now to anticipate further movements rightly to do not get overwhelmed by the massive volatility coming into the market stopping inexperienced traders out of the positions. Looking at my chart you can watch there bitcoin just bounced at the important 10.000 USD support level marked in orange which is a strong psychological support level previously been resistance, as the bearish breakdowns came to this level the bearish trend firstly stopped and little bullish up moves came into the surface not only on the 12-hour timeframe but also on the lower timeframes. As bitcoin bounced at this meaningful support it is possible that we will see upmoves coming into the surface next times as it is marked in my chart, the next times we can expect bitcoin to test the 10.000 USD support mark again and when it holds the possibility to form some up moves and test remaining resistance levels in the structure. When considering a bullish recovery in the current range it is from high importance the 10.000 USD level holds sustainably and that the price does not fall below this level again because this will invalidate a possible bullish recovery and move bitcoin to lower levels in the structure till there is significant support found which bitcoin has at the first time in the ascending-support-line marked in black in my chart. The next times will show what formation bitcoin is building here, when bitcoin will create another bearish formation similar to the head and shoulder top formation like a bear flag or another head and shoulder formation this will increase the possibility for more downside and lower levels to be visited the next times. 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.
by VincePrince
17
BITCOIN WEEKLY, Breakdown Occurred In Schedule, Next Terms!Hello Traders Investors And Community, Welcome to this update-analysis looking at bitcoin weekly timeframe-perspective, as expected bitcoin confirmed the massive resistance-cluster it had between the 11600-12500 as expected, this level, this move was outstanding awaiting in the schedule and other fundamentals confirmed this also as indicators got very overbought the pull-back scenario was to expect. Now as bitcoin has shown exactly this move and did not manage to form higher highs above the strong resistance-cluster there are some possible next outcomes we should consider here, currently, bitcoin found some support at the first trendline level, nevertheless, there are still downside possibilities with bitcoin, therefore, I detected the next possible steps and outcomes. Bitcoin Situation: When looking at my chart you can watch there that bitcoin is currently approaching the first falling trendline range where the trendline is marked in grey in the chart, this is a first important support level which can hold in the structure and where bitcoin can bounce as the outlines are marked in the chart, this bounce, however, will run into resistance which bitcoin established here, together with the supply entered the market this will provide an overall setup for the next leg to the downside which can move bitcoin into the back-up-cluster marked in blue in my chart, where bitcoin has the possibility to back-up and gain strength before stabilizing, it is the cluster where many supports coming together and also building on the smaller timeframes. Outlook: Considering bitcoins serious and strong established bearishness which was awaited as there where more than one resistance coming together the possibility for continuation is currently extremely high, this continuation to the downside will pursue till there is significant support found that can reverse the whole dynamic, in this case, the back-up-cluster will be a preliminary reference point in which bitcoin can stabilize, back-up and move to the upside again as it did before. In this scenario, it is from high importance that the support we have in the cluster really holds and that bitcoin does not fall below this levels again, when this happens bitcoin will increase the bearish pressure further. -> Conclusion: As many people became completely bullish and stated bitcoin will never visit lower levels again this was an important fundamental mechanism now showing up in the market, what we should remember in such situations is that high volatile markets like cryptocurrency can change within times and that it is not the best option to just think into one direction that everything goes well as this is what smart money operators on the other side just waiting for. It is important to not get overly speculative and wage the possibilities and opportunities correctly, a meaningful factor also for the profits in the elite channel. Now as bitcoin came up with this established bearishness this does not mean that it will go on forever, we will see how the scenarios and mechanism play out mentioned and when bitcoin can have an alteration. 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 traders." Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
14
Bitcoin, Touched The Trendline, These Scenarios To Consider Now!Hello Traders Investors And Community, welcome to this update-analysis where we are looking at the bitcoin 4-hour timeframe perspective, the recent events happened, the current formational structure, the basically possible ways of outcome we can expect from bitcoin here and how to possibly handle the particular situation appropriately. The strong resistance-cluster bitcoin had higher in the structure mentioned with the huge possibility to confirm to the downside now done so and the EMAs with rising blue trendline did not hold, this gave the signs for more downside to come to the point now where bitcoin touched the second rising trendline and bounced a little from it, this trendline is crucial in the current structure and will be important for further outcomes, therefore, will show bitcoin continues bullish to the upside or breaks to the downside, in this case, I detected the important levels and further scenarios in destiny. Looking at my chart you can watch there that bitcoin formed now some little up bounces from the blue rising trendline which can also be seen on the lower timeframes, normally after such mechanisms happening the trend will either reverse in the structure or move further to the downside as you can watch the bullish and bearish-continuation-zone marked in my chart. When bitcoin manages to hold this trendline and form the further movements as it is seen in my chart the price can move above the EMA-structure to confirm in the bullish-continuation-zone, this however is not the most likely scenario currently as the bearish breakdowns where just to strong and there are still these solid resistance levels lying consisting of the EMAs and horizontal resistance, when the resistance levels confirm properly and the trend moves on to the downside the bearish continuation is overall more possible than the bullish one. In this situation at the moment, it is important to wait on the proper confirmation before establishing in the proper direction, as you can watch it marked in my chart the bullish confirmation will occur when the trend moves above the 40-EMA marked in orange this will confirm bitcoin in the bullish-continuation-zone, on the other side the bearish confirmation will show up when price moves decisively below the rising blue trendline and closes there as it is marked, when this happens there will come bearish pressure with a high possibility, overall we can count these possibilities to a more possible bearish scenario with 55 % and on the other side the bullish scenario with a possibility of 45 %, as many people becoming bearish at the moment this is possible, however, it needs to confirm with the proper price move before that we should not over speculate the situation. 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.
BYBIT:BTCUSD.P
by VincePrince
12
Bitcoin Established Bullishness But Its Running Into Risistance!Hello Traders Investors And Communities, welcome to this analysis where we are looking at the bitcoin 4-hour timeframe perspective, the upcoming events and what is important to note in this structure to be prepared properly. As many people becoming completely bullish again we should see that bitcoin established the bullishness currently on the short-term and 4-hour timeframe perspective, however, there are still important resistance levels in the structure and the scenario for a bigger pull-back should not be kept by side as the correction did not concretely finish yet. When comparing bitcoin to other currencies like for example etherum it is a fact that it is still in a more corrective sideways mode which needs to show up with the proper outcomes firstly before concretely deciding which direction can be measured, if bitcoin breaks bearish to the downside this does not necessarily mean bitcoin is completely bearish. When elevating my chart picture you can watch there that bitcoin made this volatile move above the further established resistance and also provided this bullish engulfing candle confirming the 60-EMA in orange and the 100-EMA in black as support, this is a good sign that bitcoin can continued further and reach the next levels in the structure, nevertheless, there are still strong resistance levels above which we have firstly at the Fibonacci-resistance at around the 12150 level, when bitcoin approaches this level a pull-back will be highly likely which will move bitcoin to the rising blue trendline as it is marked in my chart. When this likely pull-back established it is important if bitcoin holds this trendline with support to set up and move higher or if it breaks below it which will cause further bearish pressure to the downside and protracted bearishness. The next time's bitcoin has to show if the rising blue trendline can behold sustainably or not, when this happens to be the case bitcoin can move some higher in the range, this will be crucial as bitcoin coming then into the previous established fake breakout terrain where not only resistance is lying but where also the possibility for a fake breakout and the following pull-back increases highly. Currently, we should not keep the bearish scenario fully out of sight as bitcoin is moving with less momentum and volatility like for example other cryptocurrencies this is not necessarily indicating a bullish continuation and can happen to end up in a reversal showing increased downside pressure. Technically increased bearishness will show up when bitcoin moves below the 100-EMA with a strong move, targets will be then the second blue trendline and the 200-EMA as a minimum. In this manner, thank you for watching, support for more market insight, all the best! "The more you learn the more you earn." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
13
Bitcoin, Confirmation As Expected, These Steps To Consider Now!Hello Traders Investors And Community, welcome to this update-analysis where we are looking at bitcoin 1-hour timeframe perspective, the recent confirmational events, the current formational structure and the next steps we can expect in the structure. Since the last time bitcoin moved properly above the rising trendline and confirmed it as expected with a pull-back, this was a good place to open the trade as pointed out in my analysis. Now as these important steps and confirmations occurred there are some other meaningful levels and scenarios ahead we should consider now. What is important to note is that this bullishness established is firstly on the short-term as bitcoin has still significant resistance levels above in the structure we should not ignore the bearish pull-back scenario when these resistance levels happen to confirm and bearish pressure enters the surface again. Looking at my chart you can watch there that bitcoin is just building up this ascending-channel-formation with the consolidation within it, such channels can break to the upside when the established trend gets strong enough and the proper volatility to confirm above, when this happens we can expect bitcoin to reach the minimum target already mentioned previously at 11850 and possibly above as it is marked in my chart, when bitcoin shows up with this it has strong resistance at the 12.000 USD level as it is marked in red in my chart, when bitcoin approaches this level it has high potential to form a pull-back when supply enters the surface in this level, therefore, it is also a possible short-zone, targets can be measured at the 50-EMA in red which is also matching with the lower boundary of the channel, these levels are preliminary to hold to consider a bullish continuation. Overall and in the higher timeframes bitcoin is forming a bigger range here where it began with the sideways movements before, for the established bullishness to hold it is from high importance that bitcoin stays above the 100-EMA in blue and the 50-EMA in red, these levels serving as the reference support points here in the structure when bitcoin moves below them the possibility for bearish pressure to the downside increases when bitcoin stays above them and confirms the sustainably as support bitcoin can gain strength in the level to move above and continue higher. We will see how this will show up in the current range, nevertheless, the bearish scenario should not be taken by side as the resistance levels are just too strong to ignore and in a more middle-term-perspective bitcoin has still the potential to form a correction when not bigger pull-backs to the downside. In this manner, thank you for watching, support for more market insight, 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.
BITFINEX:BTCUSD
by VincePrince
11
Bitcoin, Testing Remaining Range, These Are Important Level!Hello Traders Investors And Community, welcome to this analysis where we are looking at bitcoin 4-hour timeframe perspective, the recent events, the current formational structure and what to expect next times. Since bitcoin confirmed the double bottom above the important 200-EMA it provided some healthy up moves not only on the shorter timeframes but also on the bigger like 12-hour or daily charts. Overall bitcoin can provide this further but a significant and meaningful question in this structure is if bitcoin manages to hold this established bullishness or lock the remaining resistances to fall back again. In this preliminary case, I detected the important levels in the current range and where the journey can head over. Looking at my chart you can watch there that bitcoin recently just confirmed above the 60-EMA in black which was an important step because this EMA previously confirmed several times as meaningful resistance not only in bitcoin but also in other cryptocurrencies on the 4-hour timeframe. Currently, there are two possible scenarios, the first is bitcoin pulls-back below the EMA as it was seen before to visit firstly lower levels again either to fall more or confirm them as support, the second scenario is bitcoin holds above the EMA and confirms it as support to move on, because bitcoin established this healthy volatility above the EMA which was not the case in past price action the bullish confirmation is currently more likely as firstly the pullback. When bitcoin shows up with the more likely scenario holding above the EMA and moving on there is this dashed grey falling resistance line which bitcoin has to take out fully to confirm further bullishness, when this is done there comes the crucial part of the whole structure because bitcoin has still this strong rising resistance you can watch marked in blue there is a high possibility this level will firstly show up with resistance which will bitcoin bring into a pull-back and the crucial confirmation you can watch in the blue box where the EMA and support line coming together and which need to hold in order that bitcoin moves on and establishes new highs further above in the structure to test the rising blue trendline once again as it is marked. Bitcoin is in a situation where it has to decide if the established short-term-strength can hold further or the resistance level showing initiative and bitcoin goes on to pull-back to visit lower levels. In this case, it is important to note that bitcoin possibly has not completed the bearish pull-backs in higher perspective for now, therefore, we should not keep this bearish case by side, as many people getting completely bullish this can prove fatal in the end when it turns out that bitcoin just moving in a bear-rally where more downside is to come, therefore it is from very high importance that we elevate and see how bitcoin reacts in the suggested levels and scenarios in order to anticipate the next times correctly and do not over speculate as smart money operators just waiting on the other side for that. In this manner, thank you for watching, support for more market insight, all the best! "Market wisdom belongs to the most preserved." Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
5
Bitcoin, Two Ways One Outcome!Hello Traders Investors And Community, welcome to this analysis where we are looking at the weekly timeframe perspective, the recent events, the current formational structure, the further outlooks, and how bitcoin can follow-up within the upcoming price-actions. Since bitcoin has taken out the strong 10.000 USD resistance mark this was an important and fundamentally significant step in confirming an overall bullish edge within the structure, that is why new highs exceeding the 2019 established highs can be highly possibly expected, the exponential growth and resistance levels are taken out sustainably where just too strong, the big question now in this current structure is if bitcoin pulls-back to lower levels before stabilizing and going on to form the new highs or back-ups right away and manages to move on to form new highs which exceeding the old ones. First of all, we should take note that bitcoin currently trades in the range in the smaller timeframes where possible decline can follow-up or a stabilization as this happens often within such ranging markets. The blue trendline you can watch marked in my chart is the support bitcoin currently has on the weekly timeframe dividing the upcoming price-action into two possible ways to play out, this trendline is the crucial factor in the range, both ways will be confirmed properly and after confirmation entry is possible, nevertheless, we should wait on proper confirmation before each of the scenarios showing up to take appropriate action, bitcoin is still in an indecisive range building up together with the weekly timeframe where it has to decide if bullish or bearish strongness increases. Considering the ongoing outcome and route to reach it the first way is when bitcoin manages to somewhat hold the current range and move above it to form new highs, in this case, it is from high importance that the price does not falls back into the range again as it was seen in recent price-action already, second way is when bitcoin closes decisively below the blue trendline on a weekly basis which will also confirm other scenarios on the lower timeframes as well and will show up with increase bearishness and pressure to the downside, when this happens we can expect bitcoin to visit the blue cluster marked in my chart before backing up again to move on to form the upcoming highs. As bitcoin is factly above the blue trendline and therefore support the bullish scenario has a slightly more possibility, however, we should not underestimate the bearish pull-back scenario as bitcoin can still trade in a bigger correction, therefore it is worthwhile to wait on proper confirmations. In this manner, thank you for watching, support for more market insight, all the best! Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
24
BTC USDAfter closing my last BTC USDT short out yesterday at a good profit, may now already be the time to set up the next. As you can see the 1hr Rsi and Fisher indicate a drop may be coming, price has also risen up nicely to the Supertrend resistance. The 4 hour super trend is also in a down trend adding strength. Will enter here around 11,430 Sl 11,700 way outside the super trend as btc likes to wick Tp1 11,200 (50%) then move stop loss to break even as the potential downside movement could be huge if 11k support breaks. Good luck in your trading and if you appreciate this idea then please like, follow and subscribe to premium for 7 days Free and get access to all my signals.
COINBASE:BTCUSDShort
by CryptoKevin86
Bitcoin Below Major Trendline, Possibilites Ahead!Hello Traders Investors And Community, welcome to this analysis about bitcoin 12-hour chart where we looking at the perspective which is confirming bitcoin current established more bearish than the bullish state on the short-term, which does not necessarily mean bitcoin is completely bearish on the longer perspectives like middle or long-term. Bitcoin awaited a bigger pull-back and the possibility for fake breakouts increased since bitcoin moved in this consolidation between 10630 and 12450, in this current structure I detected some other signals which making it clearer in which direction bitcoin heading now and playing into the established bearishness on the short-time-perspective, therefore let's look into the chart. Looking at my chart you can watch there that bitcoin fell below its major support/resistance line which is the trendline marked in grey, this line was confirmed previously several times as support and is now strong resistance as bitcoin fell below it, furthermore, bitcoin has resistance at the 40-EMA marked in red which it also confirmed recently, taking these factors into consideration bitcoin will do another leg to the downside as it is also confirming several bear-flags in the shorter time perspectives, this leg to the downside can go to the blue level you can watch in my chart between 10620 and 10800 which is also supported from previous price-action and bitcoin has the possibility given to back-up in this level as it is marked in my chart. When bitcoin moves on with the more likely leg-down scenario which is given currently it has to be elevated how price reacts in the possible back-up-zone and if there can be a sustainable stabilization or more downside ahead. I know there are many people believing in the crypto bull-market and only think in one direction, nevertheless, this can prove fatal when prices move also in the reverse direction, as smart-money operators just waiting on the other side to take advantage of the delicious positions lying around. Therefore we should not ignore the warning signs bitcoin is sending there in order to not get overly speculative and be prepared when the prices change direction as it happened the last times, this is what is significant and can prove worthwhile for sophisticated trading these days. In this manner, thank you for watching, support for more market insight, all the best! Information provided is only educational and should not be used to take action in the markets.
BITFINEX:BTCUSD
by VincePrince
1
Bitcoin, Outside Suggested Level Now, What To Expect Next!Hello Traders Investors And Community, Welcome to this update-analysis where we are looking at bitcoin 4-hour timeframe perspective, the recent events, the current formational structure, what we can expect next times, and how to handle upcoming situations appropriately. Since last time bitcoin confirmed below the important rising blue trendline which was a meaningful level to hold considering further bullishness, which bitcoin did not and either confirmed into the bearish-zone where continued bearishness was expected which bitcoin showed up with. Now I found some significant signals in the current structure we should consider now to anticipate the next movements ahead correctly. Looking at my chart you can watch there that bitcoin is now clearly trading below the 100-EMA in black and below the rising blue trendline which was previously support is now strong resistance, furthermore, the fact that bitcoin is trading below the point of control marked in red within the structure making this level a second resistance-cluster. When bitcoin approaches these levels next times which is possible as bitcoin is forming some marginal uptrends to test these levels there is a high possibility given that they confirm bearish to the downside as it is seen in my chart, such a bearish confirmation can happen firstly at the 100-EMA or secondly at the point of control level together with the trendlines as it is marked in my chart. Overall bitcoin has established strong layers of resistance which should not be ignored in this range when bitcoin confirms these resistance levels as expected which is currently the more likely scenario it will move on to test remaining support which bitcoin has at the 200-EMA marked in green, when bitcoin reaches these levels there are basically two ways, one is a recovery and visit of higher levels or a continuation in the range and the second is a bearish break below the 200-EMA which will cause increased bearish pressure to the downside with a high possibility, overall bitcoin has more potential to gain more bearish momentum as this confirms also with the higher timeframe perspectives and the strong bearish signs established here. In this manner, thank you for watching, support for more market insight, all the best! "Astonishment is the basis of reverence." Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
8
Here Is Why Bitcoin Could Follow The Same Accu-Schematic Now!Hello Traders Investors And Community, Welcome to this analysis about why bitcoin could follow it's previous established accumulation-schematic now again just in a smaller amplitude and length. As bitcoin stopped primarily with its uptrend and now correcting it will show if this correction forms into a bigger pull-back or we get really the same accumulation schematic bitcoin provided already before it made its huge bounce above the massive 10.000 USD resistance. In this case, I detected some amazing similarities to the last accumulation-schematic and the next steps which can follow up over the course of next time into the completion of phase B which provided the confirmation to higher levels already in the last accumulation schematic. Phase A: As you can watch in the first accumulation schematic phase A marks the preliminary stopping of its established uptrend where it formed a wave-count of 4 consisting waves, the waves 1 and 4 forming an upper trendline and the waves 2 and 3 a lower trendline, these lows and highs forming somewhat of a wedge-formation and marking the follow through to the next steps in the structure, bitcoin has formed exactly the same formation with the consisting steps a second time now just with a smaller amplitude and length as you can watch it in my chart the steps reaching from 1 to 4 are exactly the same as in the first accumulation schematic, this recognition offers a solid understanding of the next phases playing out similarly to the first accumulation schematic. Phase B In this phase bitcoin provided coherent steps to finally confirm the whole accumulation schematic, this phase is consisting of a wave count reaching from A to E with a wave count of three waves to the downside following by three waves to the upside till the wave counts end together with the 500-EMA touch and bounce from there. Till now bitcoin offered nearly the same procedure into the wave B in its schematic where the move below the rising trendline formed in phase A initiated also the next steps finishing wave A and starting wave B as you can watch it marked in my chart, as bitcoin provided now the same steps there is a solid possibility given that it will continue in this manner and form the next waves in the structure B to complete the whole dynamic. Taking all these factors into consideration we have a fractal developing here which has high potential to form as the first one and show the same outcome likely in the structure, which will confirm when bitcoin ends up with the final wave E and bounces from the 500-EMA marked in orange, in this case, it is important that bitcoin does not fall below the 500-EMA again which can possibly follow through with increased bearish pressure that can alter the established fractal dynamic and show an anomaly to the first fractal possible is also a longer wave count to the downside where the waves getting bigger in amplitude before finishing, nevertheless, bitcoin has also some solid supports further down in the structure which also confirming these scenarios which can exclude a complete bearish market next times and playing more into the accumulation schematic dynamic. In this manner, thank you for watching, support for more market insight, 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
Bitcoin, These Are Important Factors In The Established Range!Hello Traders Investors And Community, welcome to this update-analysis where we are looking at bitcoin 12-hour timeframe perspective, the recent events, the current formational structure, what to expect the next times where the journey can go and how to handle upcoming situations in the right manner. Bitcoin now established since a while an overall sideways range where it confirmed above the huge channel formation mentioned was a decisive factor to be taken out, this move above resistance confirmed an overall bullish pace for bitcoin and other currencies, in this current situation I detected the importances of bitcoins structure and what further price-action can wait on us here, therefore it is important to not get overly speculative and wage opportunities, as well as possibilities appropriately and not fall for the speculative approach as this, is happening too often these days. Looking at my chart you can watch there that bitcoin several times tested the EMA structure where it is trading above now and forming some marginal up-moves where we can expect the upper range resistance to be tested next times, this resistance is lying at the 11250 to 12275 level and is marked in red within my chart, this is also a possible short-zone as the bearish scenario is still more realistically, when bitcoin approaches these levels there is a high possibility to confirm bearishly and firstly move bitcoin to test the EMA-structure again before deciding the further directions when bitcoin does that there are basically two possible outcomes either bitcoin moves up in the structure to form a new high above in the range where the danger for a possible bull-trap increases or bitcoin falls below the EMA-structure and into the bearish-zone to test remaining support at the upper boundary of the channel marked in my chart. The next times it is important how bitcoin reacts to resistance here and if it is a sudden pull-back or a smoother one where it tends to further its consolidation, the next times will show how this plays out nevertheless as bitcoin has this huge resistance and did not complete its wave count yet the increased bearish pullback is more likely which is also confirming with structures bitcoin has on the higher timeframes. This does not mean bitcoin is completely bearish however we should not ignore this tendency that bitcoin will show up the bigger pull-back sooner or later here, this means anticipate this to be ready when circumstances changing. It will be interesting how bitcoin reacts in the bearish resistance zone to further the next possible outcome rightfully we need to be prepared on a stronger bigger pull-back in order to not get overwhelmed where smart money operators take advantage of these days. In this manner, thank you for watching, support for more market insight, 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.
BITSTAMP:BTCUSD
by VincePrince
13
Ethereum, Volatility In Structure Can Edge Further Alignements!Hello Traders Investors And Community, welcome to this analysis about ethereum daily timeframe perspective, the recent events, the current formation importances, and what to expect next times in order to do not overspeculate the situation as this is often seen these days. The cryptocurrency market, as well as the major currencies, provided some solid growth the last weeks before going into the sideways range in which they are trading now, firstly on the front ethereum with an exceptionally high exponential movement providing a strong impulse wave which moved above several resistance levels into the range where it is trading now, this established bullishness cant be kept by side and there are some reasonable facts I detected providing a possible continuation of this established bullishness, nevertheless, there are important mechanisms ethereum has to confirm which we should consider in the current structure. Looking at my chart you can watch there this major ascending-channel marked in blue which ethereum confirmed bullish to the upside with its protracted uptrend, this ascending-channel serving as an meaningful reference point for further support considerations here and has a good possibility to hold when tested. Currently, ethereum is moving in a moreover sideways range and correction which is normally seen after such high volatile movements. As you can watch in my chart it is currently forming the ABC correction wave count where it has the next significant support at the 61.8 % Fibonacci-level seen in my chart which is also coherently matching with the upper boundary and 100-EMA together building a support-cluster here where a bounce to the upside is within the high possible spectrum when ethereum approaches these levels next times to set up the major wave 5 of the wave count it is trading in. Overall ethereum is in a situation where it is retracing the former established bullish move which can result into the next wave that can lead to the 1.618 % Fibonacci-extension-level seen in my chart, where the wave count firstly can stop to reverse as there are also strong resistance levels lying that can be confirmed when ethereum approaches these ranges. When this happens the upper boundary of the ascending blue channel will be the next initial support together with the orange support/resistance level marked in my chart, when ethereum approaches this it is important to hold them and don't fall into the channel and below the 100- or 200-EMA again because when this does happen the bearish pressure increases highly possible and ethereum will firstly visit lower levels within the structure, will be interesting how ethereum reacts into these ranges. In this manner, thank you for watching, support for more market insight, 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 market.
BITSTAMP:ETHUSD
by VincePrince
5
Will Bitcoins Wedge-Target Be Reached Before The Alteration?!Hello Traders Investors And Community, welcome to this analysis about bitcoins daily timeframes perspective, the recent events, the current formational structure, what to expect the next times, and how to handle upcoming situations appropriately. Since bitcoin moved above its 12.000 USD resistance and formed a bull-trap it is trading in a critical range where it has to decide whether it reaches the broadening wedge target mentioned firstly or directly moves to the remaining support zones in the structure, both ways will provide minimum a pull-back to lower levels as bitcoins volatility weakens and the possibility for fake breakout increases this can be early warning signs that a key pull-back will follow up with next times, this does not mean bitcoin is fully bearish but the established bearishness should not be kept by side. In this case, I detected the important levels we should consider now. Looking at my chart you can watch there that bitcoin is trading in this marginal parallel channel which marks the higher lows and higher highs in the structure, as I mentioned already in past analysis bitcoin is also forming a possible rising wedge formation here which confirms coherently to the structure, this means bitcoin can even move some higher before fully forming a bigger pull-back, these up moves can create sudden bull-trap as this was also the case the last times with bitcoin moving above 11900 and after that above 12300 before pulling back into the range again, such a scenario can happen again with bitcoin moving above the last established high even into the broadening wedge target zone which still exists since the broadening wedge has confirmed, when this happens we should not become completely bullish as there are strong resistance levels lying increasing the possibility to pull-back. Basically there are two possible ways with the same outcome here for bitcoin , the first is that bitcoin moves higher in the current structure to confirm the still strong resistance at 12300 and forms a pull-back within there which will point to the remaining supports marked in my chart, the second way is that bulls are strong enough and push above the upper boundary of its marginal channel and confirm the broadening wedge target before forming a pull-back, in this second scenario the pull-back can be not that strong and with lower volatility but it should not be ignored in either case. When bitcoin reaches the back-up-cluster marked in my chart it has a solid possibility to stabilize there before moving back up, in this case it is important to hold the 10250 and don't close below it because this will increase bearish pressure, nevertheless, the reversal is more possible as there are significant supports lying down. In this manner, thank you for watching, support for more market insight, 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 market.
BITSTAMP:BTCUSD
by VincePrince
3