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Bitcoin-trading

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. ________________________________________________________________________________________________________________________________________
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
Bitcoin-Market-Status-Update-AnalysisHi my friends, Welcome to this analysis about bitcoin, we are looking at the 4-hour chart, bitcoin is still mingling above the important 10.000 USD mark and is hold it so far, currently, the volatility is low this is why there will come a big volatile move sooner or later, the question is where this move will go and if bitcoin firstly visits higher levels, overall we can note that the 10.000 USD mark is a highly important support and when it is broken to the downside there will come increased bearish pressure to the downside, however, this mark is still holding and there are some possible next bullish outcomes which leading into resistance, therefore it is important that we don't over speculative the market in the wrong direction and acknowledge the possible bottom which bitcoin is building above the 10.000 USD mark here, further we should not ignore that bitcoin has still strong resistance levels and that possible further downside is not from the table for now. Looking at my chart you can watch there bitcoin just bounced several from the 10.000 USD mark and also formed this overall descending-channel-formation marked in orange in my chart, furthermore, it has support at the 1000-EMA marked in green within the channel, besides bitcoin has this rising grey trendline where it already bounced several times, this trendline is really crucial to hold because bitcoin needs to stabilize above it and also above the middle line of the channel considering a breakout of the channel which will happen sooner or later. Bitcoin has the potential to complete this double bottom yes however the price-action seen by now is too weak it needs to increase in volatility to confirm this double bottom fully otherwise it can still invalidate, when bitcoin manages to move above the upper boundary of its descending-channel formation there is some good potential given that bitcoin continues. As bitcoin still has support in the range and also within the trendlines a bounce above the upper boundary can be taken into considerations, when bitcoin does this it has the potential to move to higher levels which will be an important factor as these are Fibonacci-resistance where the price can reverse, it is important to elevate how the price action in these levels is, when it is a swift downside move this increases the possibility for more downside, when it is a weaker move bitcoin can stabilize above the trendline and test the other Fibonacci-resistance. Overall bitcoin has some potential given when it moves above the upper boundary nevertheless we should not ignore the strong resistance levels lying there which can easily confirm another bearish leg to the downside, in this case, we should anticipate that another leg is possible to not get overwhelmed when it is happening as this is seen too often these times. 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.
BYBIT:BTCUSD.P
by VincePrince
7
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:BTCUSD.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:BTCUSD.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:BTCUSD.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:BTCUSD.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