BTCUSD Perpetual ContractUpdated Merry Christmas BITCOIN! BTC-SANTA Is Coming With GIFTS!
A Happy Christmas for you precious Cryptocurrency Community and for Bitcoin sincerely from my side. The time has come and Bitcoin is moving into a Merry Christmas, what a lucky coincidence that especially into this date Bitcoin is showing up with pivotal price actions and the main formation I discovered which means the BTC Santa has some gifts for us. In this current development, I detected the main formation structures to consider here as Bitcoin recently increased volatility above the 49.000 USD level this is a great structure where I detected the proper derivations off. From my side, definitely a Merry Christmas for all of you, may all fulfilling luck be on your side and when it comes to trading and Bitcoin we are looking at the dynamics now and in the prospected journeys ahead for us in the Elite VIP and in the coming opportunities for Bitcoin, therefore I explicate the fundamental structures and determinations to consider in BTCs Christmas.
Formational Developments:
Taking the objection into my chart now we can watch there that Bitcoin in this actual recent time increased with this great volatility move and printed a gracious volatility candle in the structure, this move has finally completed the whole descending triangle formation I mentioned in my analysis before, I will link it into this analysis to have a look on this dynamic as the analysis is still valid. Besides that now we can watch that Bitcoin managed to breakout above this paramount descending-trend-line marked in green and especially above this trendline breakout Bitcoin managed to increase the volatility dynamics. What we can watch here now is a double bottom formation forming with the first and second bottom bounced off the 45.850 USD support and with Bitcoin now penetrating the neckline at the 51.350 USD level marked in orange. Also, we can watch Bitcoin testing the 200-EMA in cyan matching with the neckline.
Prospects For Bitcoin:
Bitcoin in this current dynamic has a good ability to hold the established range and build up above the 100-EMA in red as it is shown in my chart. There is a high likelihood given that Bitcoin actually holds this level to finally form the breakout above the neckline which will complete the whole formation bullishly to the upside and Bitcoin will activate the further continuations and target zone as it is shown in my chart within the 58.820 USD level in black. Currently, Bitcoin already increases with volatility in the local range which means there is a good possibility given that this happens. In this manner, we will watch out how this whole formation potentially appropriately completes being prepared on the dynamics and for Bitcoin showing an astonishing Merry Christmas Party with price-action-gifts for all of us, therefore we can expect some interesting determinations moving forward with BTC at this great times to celebrate.
In this manner, thank you for watching the Bitcoin Merry Christmas Analysis, a happy holiday for all of you, many luck for you and your families. It will be great when you support the idea and when we move on together for more market insights and together progress in the markets.
"Every choice we make can be a celebration of the world we want."
Information provided is only educational and should not be used to take action in the markets.
Formational Developments:
Taking the objection into my chart now we can watch there that Bitcoin in this actual recent time increased with this great volatility move and printed a gracious volatility candle in the structure, this move has finally completed the whole descending triangle formation I mentioned in my analysis before, I will link it into this analysis to have a look on this dynamic as the analysis is still valid. Besides that now we can watch that Bitcoin managed to breakout above this paramount descending-trend-line marked in green and especially above this trendline breakout Bitcoin managed to increase the volatility dynamics. What we can watch here now is a double bottom formation forming with the first and second bottom bounced off the 45.850 USD support and with Bitcoin now penetrating the neckline at the 51.350 USD level marked in orange. Also, we can watch Bitcoin testing the 200-EMA in cyan matching with the neckline.
Prospects For Bitcoin:
Bitcoin in this current dynamic has a good ability to hold the established range and build up above the 100-EMA in red as it is shown in my chart. There is a high likelihood given that Bitcoin actually holds this level to finally form the breakout above the neckline which will complete the whole formation bullishly to the upside and Bitcoin will activate the further continuations and target zone as it is shown in my chart within the 58.820 USD level in black. Currently, Bitcoin already increases with volatility in the local range which means there is a good possibility given that this happens. In this manner, we will watch out how this whole formation potentially appropriately completes being prepared on the dynamics and for Bitcoin showing an astonishing Merry Christmas Party with price-action-gifts for all of us, therefore we can expect some interesting determinations moving forward with BTC at this great times to celebrate.
In this manner, thank you for watching the Bitcoin Merry Christmas Analysis, a happy holiday for all of you, many luck for you and your families. It will be great when you support the idea and when we move on together for more market insights and together progress in the markets.
"Every choice we make can be a celebration of the world we want."
Information provided is only educational and should not be used to take action in the markets.
Note
Completed Descending-Triangle-Analysis: 
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