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Bitcoin-Post-Halving-Cycle-Status-UpdateHello Traders Investors And Community, welcome to this analysis where we are looking at bitcoins price-action, the recent events, the current important details in the formation and wave count it is trading in, and what we can examine and deduce from this to follow up the next days, hours and weeks. Bitcoin has completed its third historical and fundamental halving and now showing a long ongoing consolidation range with diminishing volatility where it will provide a heavy breakout and periods of high volatile movements again as this is what happens in almost every case after such periods. Considering this now the direction of the breakout will be the crucial part of the whole environment and I discovered some worthwhile signals which make it clear what bitcoin has to fulfill to confirm the proper breakout scenario of the huge rising channel it is trading in either to the up or downside. As you can examine when looking at my chart is that bitcoin still trades in this long-lasting consolidation and the parallel lightly rising channel where it already confirmed the lower and upper boundary several times to mark this channel as an important stepping stone in the last time. Recently bitcoin confirmed the lower boundary again and showed some bullish momentum there but the volume is missing and there are some other meaningful factors like the head and shoulder formation you can see in the lower chart which can provide a heavy bearish breakout when confirmed to the downside. But when bitcoin manages to show some other solid signs which move the price higher to test the upper boundary again this can also turn out to be a continuation head and shoulder formation similar to those movements bitcoins has shown in the past. Hidden Head And Shoulder Formation (4-Hour Timeframe): Halving Cycle And Post Halving Situation (4-Hour Timeframe): Confirmation Scenarios And Levels On The Higher Scale (Weekly Timeframe): Furthermore, we have this giant wave count within the parallel channel which is consisting of an ABC-count each time the lower boundary confirms to the upside the higher boundary or on the contrary the higher boundary the lower boundary to the downside, these counts forming a larger formation and resulting in a big ABCDE count as you can watch in the chart. From this perspective now the wave count is matching logically coherently with the hidden head and shoulder formation which will show the significantly purposeful breakout in bitcoin when the low volatile period has ended. Besides that, you can see the bullish and bearish zones in my chart which bitcoin will successfully confirm when the proper breakout shows up. The bullish scenario will play out when bitcoin takes out the huge resistance between 10.350 and 10.500 you can watch in my chart with a stabilization above it and the bearish scenario will play out when the lower boundary has crossed with heavy volume and momentum to the downside when this shows up it will be a good entry for trading the higher low with a short-position to the downside. At the moment, it is important to take note that bitcoin technically is still in an uptrend which has not ended yet with potential lows established since the corona-breakdowns this year, therefore, a bearish breakdown when it happens in this range will not be completely bearish as there are important support levels below which I mentioned already in past analysis, only when these levels of support do not hold there can be a considerable confirmation for ongoing bearishness on the middle-term and finally on the long-term-scale. Right now, it is important to keep calm and rely on the proper informational input to look for possibilities and opportunities arising ahead. Although our elite channel noted some good profits in the last times I would not be overactive in this market phase as it is still a low volatile market phase which means the smaller trends within it are not necessarily supported fundamentally by good liquidity which is given in a highly volatile market movement that is supporting the underlying trends, this is why the best option in such a phase is to either keep aside and wait for the right volatility in the market or to do not expect too much from these movements as they are still not backed by the mentioned factors when this changes there can also come new occasions and alteration of the situation in general but for now we should not over speculate the environment as this does happen too often these times with no fundamentally or technically groundstone. In this manner, thank you for watching, support for more market insight, have a great day and all the best to you! Success is a science, if you have the conditions, you get the result. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
41
Altcoins-Bitcoin-Market-Comparison-AnalysisHello Traders Investors And Community, welcome to this analysis about the comparison between the current situation in altcoins and bitcoin, the differences, and what we can expect in changes between these two major factors in the whole cryptocurrency market. It is important to take note that we have seen some volatility moving into the market the last times which added to the differences and showing up a stronger altcoin market on the short-term in comparison to the bitcoin where bitcoin provided some important signals which provided the difference, now this does not mean altcoins will keep stronger as this is a shorter time movement but when it holds on longer it should not be kept by hand that the difference between the two increases and confirms on a longer time scale similar to the alt season we have seen after the major all-time-highs confirmed in 2017 and bitcoin fell from almost 90 % to 40 % in dominance, therefore, it is important to keep this mechanism in mind and do not ignore it because this can provide profitable in the end with investment and trading decisions. Altcoins: As you can see in my chart the altcoins market cap formed a clear inverted head and shoulder formation which recently confirmed to the upside, in this case, it is highly important to look at it as the index representing the whole altcoin market cap with the different single altcoin, therefore, there are big differences between the specific coins and their movements where some are looking highly bearish where others already formed new highs, therefore, it is significantly meaningful that the different coins should be distinguished here and that there are coins with a bigger market cap who representing a stronger part in this index. But what the overall picture now provides is a stronger move to the upside where altcoins already took out the falling resistance, formed a clear formation and confirmed this head and shoulder formation whereas the formation in bitcoin is not that well established and strong like the coins and it's still below resistance. Bitcoin : When we look at bitcoin now and the formation which is building below the resistance it looks more as a bear flag than an inverted strong head and shoulder formation which successfully confirmed. Therefore the consolidation can still turn bearish when bitcoin does not manages to move above the falling resistance and confirm it sustainable as support. There is still a possibility for bitcoin to move higher in the short term but we should keep in mind that there are strong resistance levels and when bitcoin does not manage to form solid and strong momentum the short term trend can change in the opposite direction. If bitcoin manages to climb higher and take out the important resistance it can form the solid counterpart to the altcoins especially when altcoins lose in momentum this can happen in a consolidation where altcoins fall more than bitcoin and bitcoin gains in volatility and strongness. Conclusion: Coming to a termination we can definitely take note that the overall altcoins measured in market cap showing some stronger momentum and clearer formation in the short term compared to bitcoin now that does not mean that this trend holds on forever but when it holds on more and altcoins increase more in price solidity we should keep the possibility for an altcoin season in 2020 or 2021 in mind where there are coins that show some solid movement and high gains to the upside while others showing moderate gains and or bearish signs. This does not mean that bitcoin goes completely bearish but it means that there can pop up good opportunities in the altcoins to make good gains as we saw it already happening in the past. In overall market cap dominance and measured market cap bitcoin will definitely stay in number one place as it is the leading major and the first one on the screen but this is not a contradiction that altcoins can gain in strength again similarly to the altcoin season seen after the bull market peaks in 2017. In this manner, thank you for watching, support for more market insight, have a great day and all the best to you! The motivation to transform opportunities 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.
CRYPTOCAP:TOTAL2
by VincePrince
15
Bitcoin, Bounced At The 100-EMA As Expected, What Comes Next?!Hello Traders Investors And Community, hopefully, everybody had a good weekend and welcome to this update analysis where we are looking at recent events, the current price-structure and what we can expect the next times. As I mentioned in the previous analysis bitcoin was trading on the wage of an important decision where it has to decide if the fundamentally meaningful important 100-EMA which you see marked in orange in my chart can hold or not and I described that there is a good possibility that it can hold which it has done now, if you did not saw this analysis already I highly recommend that you watch it by going to my account and look at, by the way, it is really good to see that our elite VIP signal trading channel is making good gains also in such a heavy low volatile period the cryptocurrency space trades at the moment where opportunities are normally a rare thing. As you can watch now in my chart bitcoin is still trading below the meaningful lower high trendline that is marked in black in my chart which is still an important resistance for bitcoin where it is likely that bitcoin confirms it as resistance but as bitcoin has some strong support levels below not only with the 100-EMA but also with the falling support line which has a long time origin in the 2017 booming bull market this is a solid support level for bitcoin and as the low volatile period has not ended yet which the data says bitcoin will decide in the current range in which direction it will continue and break out. It is a fact that the breakout will be heavy and highly volatile when it happens as it is normally the case after such consolidation periods the price will determine a paradigm shift therefore it is important to take note and determine in which direction the breakout will happen. Bitcoin Weekly Timeframe And Triangle Perspective Considering the bullish side of things it is from very high importance for bitcoin to hold the 100-EMA and below it the 200-EMA you can see marked in orange and blue in my chart, these levels of support holding the overall bullishness and there will come bearish pressure with a high likelihood when bitcoin does not manage to hold these levels and falls below them. Therefore this ongoing consolidation you can see in my chart can serve as a descending triangle formation which confirms the bearish move to the downside. But when these levels of support hold bitcoin have some good potential to move higher but this needs to show some volatility as this is needed to establish a decent and healthy trend to the upside otherwise the trend is weak and can anytime turn to the downside when new supply enters the market which can hit inexperienced traders and kick them out of their positions in the market. But in comparison with the whole cryptocurrency space and especially the altcoin market we can take not that bitcoin currently is a strong leading part as it is the major, there are other currencies which showing really weak sings like XRP or BCH that trade way below the established highs the months where bitcoin is still near, therefore it is important to what will happen to bitcoin the next days and weeks because it will also determine the whole other market and when bitcoin shows more downside and falls below the previous mentioned supports this will cause a high possibility for doomsday in many altcoins, in this case, there can pop up opportunities on the short side to trade and take profit of which we are looking at and then take possible appropriate action which will increase when new high volatile movements enter the market and possibilities for the direction increase in the schedule. In this manner, thank you for watching, support for more market insight, have a great day and all the best to you! The amount of good luck coming your way depends on your willingness to act. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
2
BITCOINS Long-Time-Consolidation May Have A End In Expectation!Hello Traders Investors And Community, welcome to this analysis where we are looking at the weekly timeframe, the price-formation building up, and where the price will determine the next weeks in destiny. The bitcoin price is showing a low-volatile period for more than 9 weeks now which is certainly a long time for bitcoin in such a narrow range, the volatility gets lower and lower this can indicate a sudden and decisive price move, the longer such a period holds on the greater will be the outcome. I see many people calling for the complete bull market or complete breakdown but this is currently a mere speculative aspect, the truth is both scenarios are still possible here as bitcoin sending highly mixed signals in the range where it is staying more than 9 weeks now, therefore, we should rely on the facts we have in hand and wage them carefully to profit out of opportunities arising in such market environment, everything else is just negligently. Therefore let's look at my chart and what we can deduce from it, bitcoin is trading in this huge rising channel you can see marked in my chart with a little angle which means that it is a slowly moving channel, a bigger angle will be a faster-moving channel like for example short time impulses on the lower timeframes. Furthermore, on the locally perspective, bitcoin is trading in the smaller parallel channel it is building currently between the important psychological 10K - 10.5K mark where it failed already several times in the past, this fact makes the situation so tricky because it is such an important resistance mark which should not be ignored as bitcoin past showed to us. But this resistance mark will be taken out sooner or later as bitcoin is moving in the mentioned ascending channel, the big question is now if bitcoins shows a correction or bigger pull-back before that scenario or manages to just move above the resistance level. Bitcoin is moving in an uptrend on the middle term and what we have seen the weeks since the corona-breakdowns established this year which is, by the way, a possible bottom for bitcoin, it is weak but it is an uptrend therefore technically speaking this uptrend can continue when there do not come any bearish invalidation signs which will alter the dynamic into a more bearish trend. As you can watch in my chart bitcoin formed a second time the fractal which we have seen in the 2018 rally where it firstly confirmed the 150-SMA as support and then moved higher to form the sign-of-strength between the 200- and 40-EMA, exactly the same dynamic showed up now which confirmed the overall trend and the test of resistance mark 10K. You can see in my chart both scenarios which are possible to play out, the first scenario is the immediate breakout scenario where bitcoin manages to move higher and confirm higher in the smaller channel to immediately form a confirmation above the big resistance bitcoin has for several months now, this scenario is possible but the bulls have to form a solid and decisive move above the resistance otherwise the confirmation can fail and turn out to be a fak-out. The second scenario, which is definitely a possible one is that bitcoin firstly shows a smaller or bigger pullback to confirm the 200-EMA which is marked in orange to confirm it and if successful move higher and try another attempt to test the huge resistance. In this manner, thank you for watching, support for more market insight, have a great day and all the best to you! The Mind of a trader is the most significant tool to succeed in today's markets. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
40
GM, Giant Probabiltiy To Continue, Possible Hedge On Short-Side!Hello, Traders Investors And Community, welcome to this stock-analysis where we are looking at the single stock GM (GENERAL MOTORS) and the recent price events, the current formation, and what we can expect the next times from this stock. Currently, the overall main stock market measured by the major indices like the S&P or RUSSELL is in an important decision zone in the middle-to-long-term perspectives where it has more or less recovered from its downside with a currently weakening uptrend at the moment, it will be a huge decision if the main market can hold its established bullishness or show more bearish pressure as the crisis seems to slow down but has not come to an end yet. Taking these overriding factors into consideration the market is presenting us stocks which were heavily damaged by the corona-crisis and stocks which held their pace and besides that making good gains in the short version stocks which are stronger than the main market, stocks which are neutral to the main market and stocks which are weaker than the main market. Therefore we can divide these stocks and take advantage by hedging with shorts the stocks that are weaker than the market and long the stocks which are strong when the main market should provide further bullishness in the schedule. A good example of stock on the short side is GM (GENERAL MOTORS) which is sending clear bearish signals at the moment with its trading clearly above the all-time-high and confirmation below the preliminary important 60-EMA you can see marked in my chart which brought the first sell signal. Furthermore, GM is building up a huge bear-flag here with a very weak uptrend within this channel. The bear-flag scenario is supported by the fact that the stock is below the over five-year-old mirror level you can see in my chart marked at the 27.8 which is strong resistance and is corresponding with the 20-EMA that is marked in green overall building a bearish confluence cluster here which will highly likely confirm. This formation can be traded on the short-side with entry after a clear break of the lower boundary from the stocks bear flag. As the aggressive immediate entry approach is also possible here traders should decide on individual risk preference. Looking at the car-industry at all we can take note that stocks like TSLA just jumping to the roof which can indicate a confirmation of the theory that electric car producing pushes more and more to the upside while classical fuel loses more in relevance which is also showing up in the stock market, what do you think about this theory? Is classical car producing an everlasting hero or will the new electric car technology take over? Please let me know in the comments. In this case, we see also the big differences between the stocks and their further outcomes while some looking really bearish there are others which just jumping to the roof also in a similar sector. This is a big development of the crisis which is completely fitting into the financial breakdowns we saw in stock history where there was a sorting out of companies and their stocks a similar mechanism is happening now, therefore it is important to take a well established and thought out approach in the markets to profit out of the volatility coming in and to diversify by hedging in both direction than only think in one direction and just cross fingers that everything moves according to one's perceptions. In this manner, thank you for watching, support for more market insight, have a great day and all the best to you! The ambition to transform opportunities 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.
NYSE:GM
by VincePrince
4
Bitcoins, Pierces Major Trendline, Next Bear-Trap Or Breakdown?!Hello Traders Investors And Community, welcome to this update-analysis where we are looking at bitcoins 12-hourly timeframe, the recent events, the current price-structure and what we can expect from bitcoin the next hours and days. As I mentioned in recent analysis it is highly important for bitcoin to hold this significantly meaningful lower boundary of the huge channel bitcoin is trading in otherwise the possibility for bearish pressure to the downside increases, if you did not saw this analysis I highly recommend that you watch it when going to my account. For now, bitcoin pierced the lower boundary and fell below the 120-EMA (in orange) which is not fully bearish at all but can indicate more bearish pressure to come when bitcoin does not stabilize successfully above the trendline again. As you can see in my chart bitcoin currently trades still below the lower boundary of the channel which is an important situation right now because here has bitcoin to decide either it shows more bearish pressure or has the strength to move above and stabilize within the overall rising channel again. On the bearish perspective, it is centrally meaningful to note that bitcoin already fell below the 120-EMA (in orange) and below the lower boundary which is not a bullish sign at all, the only thing which can save bitcoin from its bearish future here is a bull-trap scenario similar to this scenario seen at the 11th of May as you can watch in my chart, such a bear-trap scenario can sustain a second time which can provide further movement in the overall rising channel. Overall we can take note that bitcoin will show more bearish pressure signs sooner or later but the big question now is if bitcoin manages to move above resistance and go on before moving back down or if bitcoin is just consolidating to form the next heavy lasting leg to the downside. Therefore we can divide the current situation into two possible scenarios with the proper outcome to play out rightfully which can be traded successfully when it confirmed suitably. The first will be when bitcoin manages to move above the lower boundary again and form decent bullishness there to test the remaining upper resistance and the second will be when bitcoin confirms the lower boundary (currently trading below) as resistance and sets up to form another leg to the downside. Compared to many altcoins bitcoin is currently still a stronger part in the whole environment as the breakdowns seen where not that heavily adjusted and devastating as seen in many other trading pairs but besides that bitcoin just gave off many important support levels and is trading below them which is certainly more bearish. For now, it is important to keep patient and wait on the proper confirmation to enter the market with a good opportunity and high possible setups otherwise the market can be traded on the speculative side but as this happens too often these days this is not a wise option as it is almost always the best decision to wait on proper confirmation before entering the market. In this manner, thank you for watching, support for more market insight, have a great day and all the best to you! The motivation to transform opportunities 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.
BITSTAMP:BTCUSD
by VincePrince
37
Here Is Why BITCOINS B-Wedge Confirmation Can Still Play Out!Hello Traders Investors And Community, welcome to this update-analysis where we are looking at recent events, the current market-price-formation and what we can deduce from it to examine further outcomes of bitcoin. As bitcoin has successfully contributed the third historical bitcoin halving it is now trading above the important broadening wedge formation upper trend line which I already mentioned in previous analysis and which is playing a big role in the possible big broadening wedge bitcoin is forming, if you did not see this analysis already I highly recommend that you watch it when going to my account and look at the analysis. Furthermore, the post-halving-cycle I mentioned played out as expected and bitcoins initial dip since the halving developed like it was seen several times in past bitcoin halving history, this fact can mean that bitcoin is ready to start the third meaningful halving cycle but as the dips in past bitcoin post halving dips where longer it can also mean that the post halving dip is not over yet. As you can see in my chart bitcoin is building several channels above the higher boundary of the potential broadening wedge which should be distinguished firstly it is the uprising parallel uptrend channel with lower highs and higher highs which is normally a bullish construction. Secondly, it is the broadening wedge confirmation channel you can see marked in yellow in my chart which is actually marking the broadening wedge confirmation as you can see it bounced several times at the falling trendline which can mark the final confirmation of the broadening wedge as I already mentioned it in the past analysis. When this level successfully holds sustainable this can be the final step for bitcoin to confirm bullish minimum on the smaller timescales and therefore point on the overall broadening wedge target zone you can see in my chart, therefore, it is important that bitcoin holds this primary falling support line and confirms it after that bitcoin has to show bullishness and take out the support/resistance level which will finally confirm the broadening wedge and activate the broadening wedge target. Initial Analysis According The Bitcoin Broadening Wedge Subject (4-Hour Timeframe): Overall we can examine now that bitcoin is in a good state to confirm the bullishness but it is also possible that bitcoin dips more before moving up higher which is still possible as the broadening wedge confirmation can also play out firstly in the huge channel before moving up again, in this case, a definite fall below the upper boundary of the broadening wedge will invalidate the confirmation and will send bitcoin to lower levels where it has to prove is the support can hold to form the further uptrend. This range can you see in my chart marked with the lower support level where bitcoin by the way has Fibonacci-supports. We will see how this is playing out, the good thing is that both scenarios can be traded accordingly on the swing-scale perspectives, the bearish scenario with a clear break of the falling support line and high volatile movement below it and the bullish case with a clear break of the resistance at 10.000 and further upward movement, trades on the smaller timeframes are also possible but this should be done in an advanced manner with proper money management which traders should decide on preferences to profit in markets. In comparison with the stock market, the next weeks and days will show how strong bitcoin is correlated with the S&P and if there can be anticyclical similar to gold as bitcoin can also be digital gold used to hedge from a stock market decline as it was seen also in the past where bitcoin moved higher while stocks dipped which I already pointed out in analysis according to this subject. As the corona pandemic seams to decrease and some countries contributing successfully against it the health crisis can decrease in its big role and impact on financial markets but there is still a big discrepancy between real economy and stocks which is an unhealthy environment and therefore can also affect bitcoin in away. We will see how this plays out and if a possible rally can also be fundamentally backed which will lie an important ground stone for a prosperous and solid market environment otherwise it is still important to keep the reverse setting and be prepared when a smaller or bigger correction sets in which means to not rely upon mere speculation like it is seen too often these days. In this manner, thank you for watching, support for more market insight, have a great day and all the best to you! The amount of good luck coming your way depends on your willingness to act. Information provided is only educational and should not be used to take action in the markets.
BITFINEX:BTCUSD
by VincePrince
11
Bitcoin, Trading In Major Channel, Here Are Important Levels!Hello Traders Investors And Community, welcome to this important and meaningful analysis about bitcoins recent price-action, the current formation and what we can expect the next days and hours from the major cryptocurrency. The last days had a significant impact as many cryptocurrencies fell below important support zones and showed bearish musters we see a stabilization in the market now but the big question is if the stabilization can hold with a possible continuation or the bears pushing the price down again, at the moment bitcoin is even the strongest of the market as it did not decline that much and recovered faster than the major other markets. In my observation, I detected some important signals which can affect the price and determine the further outcome, therefore we are looking at the locally 4-hour timeframe, I also made analysis about the bigger timeframe which I highly recommend you to watch when going at my account. The importance of the current situation is that bitcoin definitely showed bearish signs to the downside with the break of the 400-EMA that you can see marked in my chart in red but this breakout was not backed by a continuation, therefore, the price bounced back above where it is trading now and tested the middle-resistance-line of this huge descending channel you can see in my chart marked with the blue lines, as this middle line is normally a strong resistance in such type of channel bitcoin bounced back and now approaching remaining support levels in the local structure which it has at the 400-EMA in red and the middle line of the smaller channel it is establishing. These levels are important to hold for bitcoin to consider a possible bullish continuation and break of the channel middle line which when it confirms properly can lead to a head and shoulder formation confirmation which you see marked in the chart. At the moment bitcoin is building a decisive range 8870 and 9225 level here where it has to decide whether the range is strong enough to hold and confirm the head and shoulder formation properly or the bears getting back on the track again and pushing the price down. The head and shoulder formation will be confirmed with a clear volatile break of the middle line and continuation to the upside which can be tradeable with targets at 9600 that you can see marked in orange, on the bearish side a clear confirmation below the 400-EMA, close below the support and at least a break of the lower boundary of bitcoins huge channel will confirm more pressure to the downside and end up in a bearish decline. Although bitcoin is in consolidation and both scenarios are possible the bullish scenario possibility is something higher than the bearish as the market was oversold and still trading above important support. In comparison to the rest of the market BTCUSD, XBTUSD, BTCUSDT is still the strongest pair in comparison to the rest altcoins where many already showed heavy bearish declines and confirmation below the important support levels. This can indicate a possible paradigm-shift where we get sorting out of the weak coins and the good established strong and good digitalized projects survive, which is a similar mechanism to the dotcom-bubble in 2000 where just a few from the thousands survived sustainably and still developing. There are many people calling for the complete moon in cryptocurrency bitcoin as well altcoins but this is mere unrealistic at the moment as there are more than 1500 projects and sooner or later the best projects will rise to the occasion. Therefore we should be prepared on altcoins showing declines and only the majors holding strong in the near future. In this manner, thank you for watching, support for more market insight, have a great day and all the best my friends! ;) The key to success is to focus on goals, not obstacles. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
9
Bitcoin, Test Remaining S/R-Range, Preliminary Important Level!Hello Traders Investors And Community, welcome to this fundamental important analysis where we are looking at recent events, the remaining price-structure, and what we can expect the next times from bitcoin. The last hours and days we saw increasing supply and therefore bearish pressure entering the market, not only the cryptocurrency-market but also stocks and forex due to corona-crisis-fears increase and a shaky real economy which sprang over on the global markets. The big question now is if this was just a mere pull-back to be ignored or a groundstone for more decline. Taking these factors into consideration there are important levels in bitcoins price-structure that should be acknowledged and can play a big role in the further outcome of bitcoins price-action therefore we are looking at the daily perspective. As you can see when looking at my chart is that bitcoin broke recently the higher low trendline to the downside, this was an expected mechanism which I mentioned already in past analysis, this trendline should sooner or later brake to the downside but as bitcoin has currently some important support levels which are it testing this can just be a fake breakout to be exact a bear-trap which will be when bitcoin shows solid support in this area, this will be activated when bitcoin holds sustainable the 100-EMA which you can see marked in orange within my chart and the falling support-line which is marked in blue in my chart, these two levels serve currently as support and it is important to hold them for a serious recovery, otherwise when bitcoin falls below these levels this will invalidate the support and a new paradigm to the downside can be set. Overall we have an environment for bitcoin where bitcoin has to prove if it can hold the levels of support and move up higher again. In comparison to the rest of the market, bitcoin is currently stronger than the altcoins where many broke heavily to the downside and provided harsh bearish declines where bitcoin still holds important support levels. After a possible stabilization in these areas we can examine and look at how bitcoin is developing to take appropriate action, as for now it is important to wait for some final confirmation which will show up in the bullish case when bitcoin crosses above the lower high trendline and in the bearish case when bitcoin falls below 200- and 100-EMA and therefore also below the falling-support line in blue but as these are strong support levels at the moment this is an unlikely scenario which has to be proven and when it sets in to confirm with the needed high volatility correctly. According to opinion there are many people calling for the complete moon and that correction is over already, this, however, cant be stated for sure now and must be confirmed properly as it is always most often the case, therefore we should always keep the reverse scenario in mind and not be unprepared when it sets in as there are global factors which can proof volatile especially in the still ongoing corona-crisis in which beginning we saw heavy declines in all important global markets. Therefore the bearish middle-term scenario should not be kept aside which not means that bitcoin is completely bearish but it can indicate that bitcoin has to proof the remaining resistance like it is the case at the moment, therefore we should not be naive and think that the market just moves in our direction this means to wage the possibilities and opportunities arising and do not take the hypothetical abstract approach like to often seen these days. In this manner, thank you for watching, support for more market insight, have a great day and all the best my friends! ;) Success is not final; failure is not fatal: It is the courage to continue that counts. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
13
Bitcoin-Market-Status-UpdateHello Traders, Investors And Community welcome to this update-analysis about bitcoins current price-structure, what we can expect, and what we can not expect the next time. As I mentioned already in recent analysis bitcoin is developing the second possible fractal which can show the continuation to the downside when confirmed, besides that there are some other structural elements like the rising-channel in the 12-hour timeframe or the confirmed triangle on the 4-hour timeframe. Adding all these facts together there is a more bearish environment given where bitcoin is currently testing the remaining support levels which showing weak signs at the moment with important resistance factors in the structure. This analysis is building a coherent follow up to the past I made on the subject which I highly recommend you to watch to have the proper informational input. Fractal Structure Supporting The Possible Second SMA-Confirmation (Daily Timeframe): Primary Rising Channel, Bitcoin Currently Testing The Lower Boundary (12-Hour Timeframe): Confirmed Triangle, Possibility To Show Up In The Short-Term (4-Hour Timeframe) For now, this is a fundamental important situation for bitcoin because bitcoin is trading on the verge of a significant decision which is either to confirm the remaining weak support levels currently showing up or fall below and confirm bearish signals to the downside. As the bearish scenario is more likely at the moment this will confirm when bitcoin crosses the grey trendline which is also the lower boundary of the rising channel to the downside with high volatility and good volume, this can also cause the second SMA-confirmation you can see marked in my chart with the red area when bitcoin confirms this fractal a second time there will be high bearish pressure to the downside. On the bullish side of things which is not the more possible at the moment, bitcoin has to confirm the support levels and keep them to test the higher boundary of the lower high trendline you can see marked in blue within my chart when this happens bitcoin is still not out of the woods because it can confirm this line bearish and show up again to the downside. Whatever happens, it is fact that there will show up heavy volatility as bitcoin is trading in a low-volatile zone for a long time now and this will cause a paradigm-shift where bitcoin decides the further outcome, as traders we should be prepared on this and take the appropriate action when opportunities rising up. In this manner, thanks for watching, thanks to everybody who is supporting, and a good day. Even the smallest shift in perspective can bring about the greatest predestination. Information provided is only educational and should not be used to take action in the markets.
BITFINEX:BTCUSD
by VincePrince
36
Here Is How BITCOINS Low-Volatiltiy Pitch Can Decrease In Case!Hello, Traders Investors And Community, welcome to this update-analysis where we are looking at the underlying fundamentals, technicals, and final conclusion I detected and currently developing in bitcoins price-structure, how they fit in the situation, and finally an important question what we can expect the next times from bitcoin and its cryptocurrency buddies. The last weeks we saw bitcoin consolidating below the important psychological 10.000 USD resistance where bitcoin provided historical low-volatility over more than 50-days now, by the way, it is really great to see that our elite channel subscribers making profits in the altcoin and bitcoin market also in such a low volatile period, if you want to know more about this you can message me here or in telegram. According to the low volatility such a period normally holds not on forever, it can hold on forever but this is not highly possible and as smart traders, we should always wage the highest possibilities in order to profit, therefore the logical consequence after such a period is a shift in volatility and a new paradigm in price, therefore, we look at the weekly timeframe. Fundamentals: The giant financial payment system PayPal has just launched a new announcement that it is going to sell 325 million users which is a giant step forward in achieving decentralized mass adoption and providing a shift in demand in the bitcoin and cryptocurrency network, as the markets reacted immediately after the announcement where the PayPal-stock increased in price after the announcement we can expect this to have a high impact on the cryptocurrency-space. The fact that more and bigger companies adopting the still new blockchain and cryptocurrency technology gives it an increasingly bullish edge at least it is providing more demand in this asset class which can spring over on the price action as well. Besides the positive events, we have the corona-virus-crisis still going on which can affect global markets in a heavy and fast way as we have seen it this year, therefore, a second way and possible new restrictions in this environment can lead to new fears in stock-markets which can have an effect on bitcoin and altcoins as well as I pointed out in recent-analysis whit the cyclicality or anticyclicality of bitcoin and the stock market. Technicals: On the technical side of things, bitcoin is still trading in this massive symmetrical triangle which is known as a formation that can confirm to the up or downside, furthermore, we have currently this long-lasting consolidation below the 10.000 USD level and the low volatility established, this can be a successful indication for a breakout sooner or later because such a low-volatile period normally don't last forever as already mentioned. The big question at the moment is if bitcoin can hold the current support here and break above the higher boundary of the triangle or fall back below and first cruising an honor-round to touch the lower boundary of the triangle, the bullish scenario will be confirmed when the lower boundary has taken out with high volatility sustainable and the bearish scenario when bitcoin confirms below the 20 and 50-EMA, both scenarios can be tradable when done right. But at the moment there are some other factors playing into a more bullish possibility which are the symmetrical triangles in the AO and CCI which are building almost identically to the huge symmetrical triangle bitcoin is building at the moment as bitcoin is consolidating above support and the indicators above the bullish levels there is a higher possibility besides the Fibonacci-bounce seen this year for a bullish breakout and continuation. Conclusion At the moment it is important than never before to keep patient and do not over speculate the situation and see it as it is, bitcoin is in a consolidation period, where it has to prove if it can hold this level or firstly breaks to the downside to visit lower levels, it is important to keep in mind that both scenarios are possible although the bullish scenario is slightly more likely right now we should be prepared on both scenarios to take the proper decisive action when a final confirmation sets in. I know many people just want to believe in the analysis and targets set in but this is a psychological trap happening too often these days and as smart-money never sleeps it is a fatal mistake to just trade what one is thinking and not what one is seeing coming to this point and adapting it to bitcoins current environment we can come to the conclusion that we can expect a big move coming up the next times which will show direction, when this has confirmed properly we can take the advantage and profit out of the upcoming volatility till then it is still possible to trade but the profits and direction is definitely more marginal as in a volatile environment. In this manner, thank you, everybody, for watching, support for more market insight, and all the best. There are many roads to prosperity in the modern economy, but one must be contemplated. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
2
Bitcoin, Trading In Primary Channel, These Are Important Levels!Hello Traders Investors And Community, welcome to this update-analysis about the current structure within bitcoin and recent events happened there, as I mentioned in previous analysis bitcoin was trading in a falling triangle which now confirmed to the upside and activated the targets it has in the structure if you did not already saw this analysis I highly recommend that you watch it when going at my account. Although it is within the possible spectrum that bitcoin reaches these targets besides that there are some other technicals signals I discovered, not only on the daily timeframes but also at the lower timeframes which making the direction after the targets reached highly important to keep an eye on for possible opportunities with the upcoming events, therefore, we are looking at the 12-hour timeframe. In the current situation, bitcoin is forming this huger rising parallel channel which builds below the meaningful 10.000 USD psychological resistance mark where bitcoin already bounced several times to the downside in past history, therefore, this level is and will be an important resistance/support level. For now the triangle bitcoin developed in the lower 4-hour timeframe broke to the upside which means there is a high likelihood given that bitcoin reaches the activated targets within the schedule before showing more signs. The current situation is still a situation bitcoin do not major confirmed in one direction the only change is that it confirmed on the smaller timeframes from 4 to 12-hour the potential to move some higher at the higher timeframes there is still a consolidation range with the further outcome remaining given. Key-Determination Of Bitcoins Prospective Triangle Confirmed (4-Hour Timeframe): As bitcoin has significant resistance clusters in the target zones it developed these clusters should not be ignored and you can see them marked with R1 and R2 within my chart when bitcoin visits these clusters it will highly likely confirm them as resistance and provide minimum a smaller correction to test remaining support levels. In this case, the big question is how strong these moves can be and if the support at the lower boundary of the channel can hold substantially or break to the downside, the channel bitcoin is trading in is a key factor for the further bullish continuation and when it does not hold and the lower boundary confirms with high volatility to the downside there where will come more bearish pressure and bitcoin will visit at least some lower levels like the 400-EMA you can see in my chart to test them. When bitcoin does not confirm the lower boundary bearish to the downside the bullish scenario can be considered in the possible spectrum, in this case, it has to manage some healthy and decent up moves above the lower boundary to stabilize it solidity in order to either consolidate and then go more down or move higher and confirm more bullishness. We will see how these scenarios play out and then act accordingly to the given environment and situation after the triangle targets have been reached accordingly. Therefore it is important to consider the given events as they are and do not get to illogical in order with wild bitcoin predictions where there comes the moon in one and a half weeks because that mannerism which is more conjectural than anything else cant be the fundamental base for a successful trading execution in today's markets. In this manner, thank you for watching, support for more market insight, and all the best my friends! Sometimes opportunities are hidden in the modern markets like unmined gold. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
20
Bitcoin, The Triangle Below 10K Is Coming To A Final Conclusion!Hello, Traders Investors And Community, welcome to this update analysis where we will illuminate recent events, the current price-structure and what we can expect from bitcoin the next days, hours and weeks to handle the situation accordingly with the given opportunities and profits arising out of it. Bitcoin is now consolidating overall 50 days which I predicted in the previous analysis will bitcoin either do below the 10.000 or confirm it as resistance and visit lower levels before another test can even be in the possible spectrum. As this triangle will come to an end at the final execution day the 14th august there are some important details I detected which can have an effect on bitcoins final determination. If you did not saw the initial analysis according to the subject I highly recommend you to do it to have a full-depth-overview therefore we are looking at the daily timeframe. As you can examine when looking at my chart is that bitcoin is still trading in this huge and wide triangle below the 10.000 USD mark, the length, and diminishing volatility can be a successful indication for a breakout confirming the proper outcome in bitcoins price-action. Now the big question will be in which direction the breakout happens and if the breakout is sustainable or just a huge trap. In these cases, there are some certain aspects which need to be confirmed to provide the given outcome as fully confirmed. As bitcoin is still below the 10.000 marks we can expect it to continue till a final direction shows up. Initial Analysis According The Subject (Daily Timeframe): When considering the possibilities of a bullish or bearish breakout we have the important 10.000 USD mark at the bearish side which is blocking the way for the bulls and is still an important and meaningful resistance that should not be ignored. On the bullish side, we have bitcoin still trading above the 200 and 55-EMA which need to hold to establish the further trend and a possible breakout to the upside. The structure is an overall clash of bulls and bears and after the final confirmation has come the triangle can still either break to the up or downside. When considering the bullish breakout bitcoin needs to confirm sustainable above the 10600 marks to confirm the bullish case, remember that this breakout needs to fulfill with the proper volatility otherwise it can still be a huge bull-trap, on the bearish side bitcoin will confirm to the downside with a clear break of the uptrend line and confirmation below the 55-EMA. The final confirmation will show bitcoin destination that will affect the price for the next months and weeks to come, whatever will happen there is a given fact that when bitcoin breaks to the upside there are some good support zones in the structure which can be confirmed as those also these support-zones matching with the still remaining huge triangle bitcoin currently trades, in this case, the bearish breakdown can be just a correction before consolidating more or setting up for some legs to the upside. Remember that this has to be confirmed and firstly the trend will be to the downside when bitcoin confirms, therefore, there should show some reversal signs up otherwise the trend will remain to the downside. Whatever happens, traders should be prepared for the upcoming possible scenario to handle the situation accordingly and profit out of occasions rising out of it in order to succeed in fate. In this manner, thank you for watching, support for more market insights, good day everybody, and all the best my friends. The high destiny of the market is to examine rather than to hypothesize. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
30
Here Is Why BITCOIN Is Setting Up For A Substantial BIG MOVE! Hello Traders Investors And Community, welcome to this update-analysis where we are looking at recent events, the current price-structure, and what we can expect from bitcoin the next days and hours. Bitcoin is currently trading at highly diminished volatility such a situation can indicate a volatile move sooner or later as these low-volatility do not hold forever as history has shown in bitcoin. The big question will be now if the volatility will show up either on the bullish or bearish side to trade long or short. As bitcoin has still a possible bullish formation on the short-term but on the other side sending some important bearish signals in the resistance I detected some meaningful signs which will determine the further outcome of bitcoin price-value therefore we are looking at the 4-hour locally timeframe. Bitcoin is trading at an 50 old day mirroring level as you can watch it marked in my chart in blue, this important mirroring level currently serves as support which is holding the consolidation above but as bitcoin severely tested this mirroring level it gets weaker and weaker the more often bitcoin touches this level. Therefore it is from high importance to hold this level and bounce up from there to confirm to the upside when this does not happen and bitcoin falls below this significant mirroring level there is a high probability given that bitcoin continues bearish to the downside. As counting these factors together there are two scenarios coming up in front of us, each scenario can be traded rightly after the proper confirmation either with a conservative entry or with a aggressive entry. Bullish Scenario (4-Hour Timeframe): Bearish Scenario (4-Hour Timeframe): Looking at the situation as we currently have it we can examine a slight advantage for the bulls as bitcoin is still trading in a higher possible descending triangle I already pointed out in past analysis which I recommend to you if you didn't saw it already to have a full-depth-overview. What is fact is that after such consolidation and low-volatile period comes and a period where the asset will show up more volatility and therefore decent opportunities to trade, in this case, it is important to keep a logical head and don't fall for the illogical speculative trap happening too often these times where people calling the moon in under two days as it is often a matter of confirmation where the price is heading this should be the reasoning approach for a smart trader in the market to accomplish out of the possible opportunities arising. In this manner, thank you everybody for watching, good weekend, support for more market insights, and all the best my friends! Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
13
So Far Is Bitcoin Following The Accumulation-Schematic-Channels!Hello, Traders Investors And Community, welcome to this update-analysis where we are looking at the current fundamental underlying price-cycles within bitcoins global perspective and what we can expect the next weeks and months. As bitcoin is still consolidating below huge resistance-levels and it seems like it is not going anywhere there are important factors in the structure that we need to take into consideration before placing a trade either in the bullish or bearish direction with the given possibilities. The whole cryptocurrency-space is either in such a local consolidation or in a more bearish state with serious signs for a possible bearish breakdown. So far is bitcoin following the accumulation-schematic-channels established with the accumulation-phases within them on the weekly-timeframe in the past which I detected and need to be considered in the further outcomes we can expect bitcoin to establish in destiny. When examining the huge cyclical movement bitcoin is trading in you can see marked in my chart with the upper global-contraction-line and the lower accumulation channels we can state that bitcoin is currently still trading within the second accumulation channel which is on the one side a good sign that can indicate a break to the upside and a expansion-phase similar to these seen in the past where bitcoin made a significant increase in price after confirming the second accumulation-channel to the upside. On the other side, it can indicate that bitcoin is not ready to provide this confirmation and that the consolidation in which bitcoin is currently can hold on longer or even provide some more lower highs or lower lows in the structure this is a mechanism that should definitely be kept in mind because there are still strong levels of resistance in the second accumulation channel. A clearer outlook will be provided from bitcoin when we see a definite break of one of the support/resistance levels with the ongoing and logical continuation of these levels. On the bullish side, it is the break of the 10850 level which you can see marked in my chart where we have three layers of resistance together building a triangular resistance-confluence-zone therefore when we take out this resistance it will be a serious bullish signal contemplating that bitcoin can move on to form its expansion phase to test the higher boundary of the global-contraction-line, before that sign is not given on the bullish side and bitcoin shows weakness in the second accumulation-channel it can still retest the first accumulation-channel which was a mechanism seen in the past but this channel must definitely held otherwise bitcoin will show increasing bullish pressure with a fall below the lower boundary of the first accumulation channel. The current situation is a situation where bitcoin and the whole other cryptocurrency-market-landscape has to confirm its further outcome and show if the bullish growth seen developed the last weeks can hold, increase and convert into a solid expansion phase similar to what we have seen in the past or if bitcoin and other cryptocurrencies lying ground to cruise an honor-round with a test of the remaining support and accumulation levels. In either case, we should be prepared for the upcoming scenarios that we don't stand in front of a volatile situation and don't know how to handle it, therefore it is important to consider the market in the clearest light as possible to take the proper action out of opportunities arising. Currently, there is not much volatility in the market and therefore a marginal environment to trade on the higher timeframes, in this case, we should trade the lower timeframes or keep patients to upcoming volatility. In this manner, thank you for watching, support for more market insight, and all the best! Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
34
Bitcoin, Prospective Triangle, Key-Determination When Confirmed!Hello, Traders Investors And Community, welcome to this update-analysis about the recent events, the current price-formation and what we can learn and expect from it the next days and hours. Since we got this high volatile move to the upside the last times the overall market condition has altered on the short-term and when this goes long enough it alters also on the middle and possibly in the long-term. In my observations, I detected some important and significant signals that can determine the further price-movement and which are worthful to look at the moment to profit out of possible opportunities arising out of it therefore we are looking at the local 4-hour timeframe. When looking at my chart you can examine that bitcoin is building two descending trendlines here which are marked in blue, together these trendlines building a descending triangle formation which is in the very much occasions a bullish reversal formation marking the stopping of the prior established downtrend, however, to succeed with this formation and complete it sustainable there are some technical tasks which need to be fulfilled in order to have the upside targets activated resulting out of the triangle and don't deactivate the triangle to the downside which can happen when other technical factors playing into the situation such as an exaggerated supply-increase. As bitcoin touched the higher resistance and confirmed it we can highly possibly expect minimum a correction to the downside before considering the breakout-scenario on the upside. In this case, we have the first important support-level at the 9180 support you can see marked in my chart with the first arrow, when this level does not hold we have the next critical support at the 8990 levels which is also matching coherently with the 400-EMA you can see marked in orange, these levels are of high importance for bitcoin to hold, establish as solid support and in the continuation bounce up from there because when this does not happen and we just get marginal upside bounces in this area it can provide more bearish pressure which will increase when the 400-EMA as important support is crossed definitely to the downside. Considering the support is holding properly and bitcoin manages to provide the bullish breakout within the schedule it can confirm above the upper boundary and therefore activate the upside targets fully in advance, this target is the overall level at 10120 where we have still an important resistance which is the psychological 10.000 USD resistance mark. After the triangle scenario has confirmed properly we can either expect a confirmation of the upper boundary immediately after the breakout or after some time has passed and bitcoin advances higher as you see in my chart. It will be interesting to watch how this possible scenario plays out and how we can profit out of the occasions arising within it. In this manner, thank you for watching, support for more market insight, good day, and all the best! Even the smallest shift in perspective can bring about the greatest prosperity. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
34
Bitcoin, Targets Riched In Schedule, Testing Remaining Levels! Hello, Traders Investors And Community, welcome to this update-analysis where we are looking at the recent events, the current price-structure and what we can expect the next time. As I mentioned in past analysis bitcoin has confirmed the bear-flag to the downside and riched its target mentioned at the 8900 level this was a good opportunity for us in the elite channel to enter a long-position after bitcoin bounced at the bear-flag-target, so far the targets riched and we are in good profit. Now there is still remaining resistance in the structure and other technical signals which need to be elevated therefore we are looking at the 4-hour locals timeframe. Initial Analysis According The Subject (4-Hour Timeframe): Now bitcoin provided some good volatile movement to the upside yesterday where it is already trading above the resistance established at the 9555 level but as there are still some important resistance levels in the structure which is one time the 50% Fibonacci-resistance of the initial downtrend and the lower boundary of the huge bear-flag that we confirmed to the downside there is a decent possibility given that when bitcoin tests these levels it confirms them as resistance firstly and secondly bounces back to visit some lower levels in the structure. It is possible that bitcoin just shots above the resistance to move higher but this possibility is at the moment really marginal. When they bounce back to visit lower levels confirms accordingly we have the first important and significant support level at the falling trendline you can see in my chart this level can also match with the 50-EMA which is marked in brown in the chart, therefore building a coherent confluence-cluster there, this means that bitcoin can bounce in this area when visited if this scenario does not happen which can play out when there is not enough support given bitcoin can fall lower to test the 400-EMA in the structure which you see marked in black. From that point on we need some crucial support there, when this can't sustain it is within the likely spectrum that bitcoin shows some more downside. The situation right now is a situation where the whole cryptocurrency definitely is sending some mixed signals in which it has to decide where the journey is arriving and where destiny will move the market not only on the short-term but also in the middle and longer timeframes. There are cryptocurrencies that showing some good potential to the upside while others looking rather weak. The next times will show us where cryptos fortune will determine and if we can arrive at saver heavens or fall back into purgatory abyss. In those situations, it is important to not get too overly speculative and to consider the situation in the best way possible, this means to trade what one is seeing and not what one is thinking. In this manner, thank you everybody for watching, you can support for more market insight here or in a telegram, will be great to see you there, good day 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.
BITSTAMP:BTCUSD
by VincePrince
22
Here Is How Bitcoin Can Continue Since The Wedge Confirmed!Hello, Traders Investors And Community, welcome to this update-analysis about bitcoins recent price-development, the current structure and what we can expect and handle the next times. As I mentioned in recent analysis bitcoin was trading in a huge rising wedge with significant resistance above, as the wedge now confirmed to the downside, which was faster than expected it confirmed the overall major rising wedge target bitcoin has here in the structure but besides that, we have some other important signals in the lower time period which need to be kept in mind in order for ongoing events which will happen since the wedge confirmed properly, therefore, we are looking at the daily and 4-hour perspective. As you can elevate when looking at my chart is that bitcoin recently found hold up at the 55-EMA in orange which is serving as a current strong support-level as bitcoin bounced there not only on the daily chart but also on the smaller time period. Therefore we can expect a little bounce from here to test the remaining upper resistance in the structure which we have at the 20-EMA you can watch marked in black and with other resistance clusters in that level making the range between 9350 and 9450 an overall resistance-cluster which will be highly likely confirmed to the downside when bitcoin visits this level. This range between the 20 and 55-EMA is a range where it is given that bitcoin consolidates between that level before moving on to continue further. Counting all these factors together we get an overall bearish perspective on the middle-term for bitcoin as the rising wedge confirmed and there are still important persisting resistance levels at the moment. After Bitcoin has corrected its down move it will continue to the downside within a high possible spectrum this bearishness we have in the middle-term increases when bitcoin crosses with the 20-EMA the 55-EMA to the downside before that does not happen we can expect consolidation in this range. When this scenario has confirmed properly and the rising wedge target reached it can mark and indicate a reversal when bitcoin finds solid support there and considering the long term perspective it can form a bigger inverted head and shoulder formation which has upside potential this, however, is still an undetermined hypothesis because it won't last when bitcoin does not find substantial support and continues downside. Inverted Head And Shoulder Scenario When Support Holds(Daily Timeframe): Consolidation Between EMAs Before Lower Low (4-Hour Timeframe): As the whole cryptocurrency-market is sending differential signals we have a point in the structure where it has to show how it can sustain further and if we are just in a small correction or it is a bigger bearish move lying ground to more downside ahead. As the stock market is declining due to upcoming corona-fears this can also affect cryptocurrency similar to those scenarios we have seen in March this year. Because the current corona-crisis is such an important factor that can affect global markets since we have seen it this year that it shouldn't be ignored in order to be prepared for possible volatile price-changes and be on the right side to profit out of the upcoming volatility when it sets in, therefore we should keep a deliberate market-approach to wage the possibilities and do not get over speculative as this happens too often these times. In this manner, thank you for watching, support for more market insight, and good day! Astonishing claims require astonishing evidence in order to succeed in destiny. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
35
BLZ is in a rising wedge. Go long and make profits?BLZ is on a short bullish run, inside this rising wedge i have traced. Many green candles with long bodies steadily pushing the price up, even though there are a few pullbacks here and there, it isnt enough to stop the bull run If the bull run plays out to the end of this rising wedge, then BLZ should be for a major drop. So lets watch the zigzag pattern and see how it plays out. Hopefully we can take some profits on this short bull run, by entering at support line bounce, and selling off at resistance line hit or swing highs, while still in the wedge. Good luck trading. Press the like button if you like my analysis
B
by abasinkanga
Bitcoin, Confirmed Outside The Flag, Continuation Ahead!Hello Traders Investors And Community, welcome to this update-analysis where we look at recent events, the current price-formation, and what we can expect from bitcoin the next days and hours. The last times we saw high volatility to the downside not only on the higher timeframe but also on the lower timeframe, as I discovered there are some meaningful signals which have altered the overall picture in bitcoin and can determine the outcome substantially. Beside the distributional events bitcoin is currently providing, which I recommend you to watch when going to my account we have other significant technical signs, therefore we are looking at the 4-hour local timeframe. The huge channel which you can see in my chart marked in blue which was suspected as a bull-flag now confirmed as one to the downside with heavy volume and volatility, first of all, it is important to notice that this is an increasingly bearish sign which can lie the ground for the more bearish decline in the near prospects. As we broke the bear-flag to the downside the two targets you can see in my chart are confirmed now and will be reached after we fall below the 9060, at the moment it is given within the high likelihood spectrum that these targets are reached when we break below, there is however a small percentage probability that this does not happen but it is highly marginal at the moment. As bitcoin found some little support at the moment and forming a smaller consolidation movement it is possible that we test the lower boundary from the channel of the bull-flag again to confirm it successfully as resistance, therefore, we need to confirm in the best case scenario below the 20- and 55-EMA you can see marked in my chart with blue and red above these EMAs we have also the 50 % Fibonacci-resistance which is building a solid resistance level in this area. Counting all these factors together we have a strong resistance confluence-zone in this area which will be realized when bitcoin confirms bearish in this level and turns to the downside to reach the overall targets we activated after the bear-flag breakout. The whole cryptocurrency is at the moment either in consolidation or decline with increasing pace, in such environments it is important to stick to the rational trading approach and do not overspeculate the market not to the upside nor to the downside. Globally speaking we see a decline in stock-markets resulting out of new corona-fears and the huge discrepancy between the real economy and stock market economy which can have an effect on cryptocurrency similar to those volatile market moves we have seen in March and April. We will see how it is playing out and take advantage of possible opportunities arising further. In this manner, thank you for watching, support for more market insight, and good weekend! Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
44