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How BTC Will Be Able To Approaching The Main 67K ATH-Resistance!Hello, Welcome to this analysis about Bitcoin and its weekly timeframe perspective. In the previous analysis, I mentioned already that Bitcoin since developing the candlestick-formation three white soldiers and the breakout above the 20-MA in blue which it did not do since the corona-breakdowns-recovery has confirmed a bullish edge that can form further bull-market-conditions in the upcoming times. Now considering this it is not seldom seen that after such a major breakout a pullback to breakout origin firstly happens before a stabilization in the level can emerge and the asset will have the ability to push to new highs ahead. As already said in previous analysis the pullback for Bitcoin is likely to emerge within the upcoming times because of several factors, mainly it is because Bitcoin approaches the crucial resistance and also has several bearish divergences, in this case now I discovered further factors that will be pivotal in the upcoming times. When looking at my chart we can watch there how Bitcoin since forming the breakout above the 20-MA moved on to test this upper-boundary of the internal ascending-channel-formation that is marked in orange in my chart, this boundary is resistance and besides that Bitcoin has also horizontal resistance in this level, now together with the local factors I suggested already in previous analysis the pullback is likely to happen, after that, it will be a decisive development on how Bitcoin approaches this confirmation-bounce-cluster marked in blue in my chart because this is a level which needs to behold also matching with the lower boundary of the ascending-channel and the 20-MA, when Bitcoin manages to bounce substantially in these regions it will be the origin of the wave C to the upside within the wave-count with Bitcoin having the abilities to approach the main upper-resistance-level at 61700 which will be a fundamental step into the bullish direction. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
10
BITCOIN (BTCUSD) – Week 36 – Upside continuationAccording to a recent survey conducted by the Central American University (UCA), a Jesuit university headquartered in El Salvador, the majority of Salvadorans oppose the acceptance of Bitcoin (BTC) as legal money in the country. While a whopping 67.9% of the 1,281 people polled expressed strong opposition to the usage of bitcoin as legal currency, 32.1 percent of citizens, on the other hand, were just satisfied with the choice. Bitcoin is becoming increasingly popular in Russia, a survey found. The Russian Association of Currency Brokers (AFD), a local self-regulatory organization that focuses on the foreign exchange (forex) market, surveyed Russian investors to gauge their perception of Bitcoin and cryptocurrencies. Nearly 77% of those polled in the survey said Bitcoin and cryptocurrencies are the "most forward-looking" investment on their radar. That contrasts to gold, which was picked as the best investment by only 8.8% of those surveyed. Franklin Templeton, the $1.5 trillion asset manager recently shared several job postings that indicate the mutual funds' company might be pivoting toward the digital asset space. The series of job postings hint that Franklin Templeton is staffing up to execute trades for the two leading cryptocurrencies, bitcoin (BTC) and ether (ETH). The mutual fund firm posted two job openings earlier this week, one for a trader and the other for a researcher. Technically, Bitcoin broke the local top of $50k again and now it’s making a consolidation in this area. For Bitcoin we see either a move to the upside after this small correction is over or a bigger retracement that could reach the support area marked on the chart before continuing higher. If the price breaks the support area the higher probability scenario is a bigger correction in this area before the upside. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
BITSTAMP:BTCUSDLong
by financialflagship
5
Bitcoin, Triangle Or Double-Top, Upcoming Possibilities!Hello, Welcome to this analysis about Bitcoin and the 12-hour as well as 4-hour timeframe perspectives. Bitcoin in recent times moved on to test a second time the important psychological level of 50000 which can confirm as resistance or also as support when Bitcoin manages to bounce above it however at the moment it is still resistance and in this case, it is necessary to elevate how Bitcoin proceeds further here. Basically, there are two formations forming of which one can show a bullish breakout and the other complete a bearish formation, as I discovered there are the underlying possibilities given with a higher bearish scenario possibility when considering also the oscillator conditions and other technical factors nevertheless these possibilities can change also again, therefore I detected all the important levels, upcoming determinations, and potentials we should consider with Bitcoin. 12-Hour Chart Left Side / Divergence Indications And Diverging Possibilities: As when looking at the 12-hour timeframe-perspective chart on the left side we can watch there how Bitcoin is now still above this main ascending trend-line marked in black and the 30-EMA marked in red, these elements holding the bullishness to the upside for now and above the ascending-trend-line Bitcoin is now showing up with the attempt to form an ascending-triangle in the structure marked in orange in my chart however Bitcoin is also forming a potential double-top-formation here as Bitcoin already rejected initially off the 50100 resistance a second time it is also the approach to form a double-top here. Besides that what increases the bearish scenario possibility is Bitcoin has developed a bearish divergence in the RSI as well as the MACD together, this is why the bearish scenario possibility with Bitcoin completing the double-top has a higher possibility of 65% as for now. 4-Hour Chert Right Side / Higher Likelihood Bearish Double-Top Scenario: Now as when looking at the 4-hour chart on the right side we can watch there the currently more likely double-top-formation scenario, as Bitcoin firstly has the resistance within the structure, secondly has the bearish divergences on the oscillator-side and thirdly already rejected off the resistance this scenario has a higher possibility to complete. Basically the double-top will complete with two confirmations before that the double-top will not have been fully confirmed and the possibility for the triangle-completion will still be given. Therefore the first confirmation of the double-top will happen when Bitcoin breaks out below the 100-EMA in red and the ascending-trend-line, once this is done the second confirmation will happen with Bitcoin finally breaking out below the neckline at 46750, this will be the full completion of the double-top and Bitcoin will look for the target-zone from where Bitcoin needs to show how to proceed further. In this manner, thank you for watching my analysis about BITCOIN and its current possibilities to consider, support the analysis with a like and follow or comment for more market insight! "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 market.
BYBIT:BTCUSD.P
by VincePrince
28
BTC And Altcoins Developed Divergence, Potential Altseason!Hello, Welcome to this analysis about Bitcoin in comparison to the Altcoin Market-Cap, we are looking at the 4-hour timeframe perspectives. Especially in these times, the divergence between certain cryptocurrencies is increasing more and more while there are cryptocurrencies that form bullish structures and developments, there are others forming more neutral patterns while others developing bearish movements. These divergences are highly important to assess for a potential arbitrage within the market and as I discovered Bitcoin and the Altcoin Market-Cap recently developed an increased divergence especially as the Altcoin Market-Cap formed an upside-breakout while Bitcoin is still in the range, such a beginning increase of divergences can indicate an upcoming Altcoin-Rally as we have seen them already severely in the past. Structural Developments: In this manner as when looking at my chart, we can watch there that both Bitcoin and Altcoins formed this ascending-trend-line in the structure marked in black in my chart, furthermore the time and price in which the divergence began is marked in blue, while Bitcoin trended slightly bearishly to the side and downside to make lower lows in the structure the altcoin market-cap managed to build up in this range to set up for the upside-breakout. The main difference is here how Bitcoin and the Altcoin Market-Cap reacted to the ascending-trend-line, while Bitcoin formed a clear breakout below the ascending-trendline the Altcoin Market-Cap bounced to the upside within the ascending-trend-line, also the Altcoin Market-Cap is way above the 100-EMA in red while Bitcoin has severely tested this EMA which is more bearish. Upcoming Determinations: Taking these factors into the consideration now in the next times a pullback in both pairs is more likely to consider nevertheless it will be a different way on how these two pairs will develop in this pullback. With Bitcoin it is more likely that it firstly stays below the orange trendline as this trendline is serving as resistance while with the Altcoin Market-Cap it is the case that it formed actually a breakout above this orange trendline, therefore there is a higher likelihood given that the Altcoin Market-Cap confirms the trendline as sufficient support and builds up above this support, when such development happens there is a higher possibility given that the divergence increases more and Altcoins tend to rally further as they already started with this main range-breakout, nevertheless it will be important how both pairs react into the orange trendline given in both of them. In this manner, thank you for watching my analysis about the BITCOIN and ALTCOIN Comparison and what are the pivotal points to consider in this case in the next times, support the analysis with a like and follow or comment for more market insight! "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 market.
BYBIT:BTCUSD.P
by VincePrince
20
B-Cash, Descending-Channel, Potential Bull-Flag When Completed!Hello, Welcome to this analysis about Bitcoin Cash, we are looking at the 4-hour timeframe perspectives. In recent times Bitcoin Cash has developed an interesting structure and especially with the formation I discovered here will have the ability to increase volatility and complete the formation with a substantial breakout, therefore it is necessary that Bitcoin Cash on the way shows up with the proper price-actions and does not move forward with developments that can invalidate the formation again, when this does not happen and Bitcoin Cash rightly finalizes the whole structure appropriately this can be the origin for great determinations, therefore I discovered all the important levels and upcoming determinations. Structural Developments: As when looking at my chart now we can watch there how Bitcoin Cash has emerged with this major descending-channel-formation marked in my chart with the black boundaries, within this formation Bitcoin Cash has established a coherent wave-count with the waves A to D already completed, now Bitcoin Cash is about to form the wave E in the structure and as marked in orange in my chart there is this local bear-pennant-formation that is building the local wave-B in the wave-count to the downside. When this local bear-pennant has been completed this will lead to Bitcoin Cash further increasing bearish price-action and continue with the wave-E-development till the lower levels are reached and the wave-count finalized. Upcoming Determinations: Once the wave-count has been finalized this will happen within the lower dynamic-support-and-target-zone marked in my chart in blue, there is a high likelihood given that when Bitcoin Cash reaches this zone a bounce within this structure will emerge as firstly the wave-count will be finished and secondly the substantial supports are given. When Bitcoin Cash manages to bounce appropriately within this structure and increase bullishness in a way that it finally completes a potential breakout above the upper-boundary of this whole channel it will be the setup for further continuations to the upside as the channel-formation will be completed as a bull-flag, it will be an interesting journey ahead. In this manner, thank you for watching my analysis about BITCOIN CASH and the descending-channel-formation with the potential to complete as a bull-flag, support the analysis with a like and follow or comment for more market insight! "Good luck is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the market.
COINBASE:BCHUSD
by VincePrince
14
BITCOIN, Completes MAIN H-S-FORMATION, These Are OBJECTIONS!Hello, Welcome to this analysis about Bitcoin, we are looking at the 4-hour timeframe perspectives, the recent events, the established formational structure and what we should consider in the upcoming times. As already mentioned in previous analysis Bitcoin has developed a structure where it is forming a decision-phase between the 46000 to 50000 Usd area, that being said that Bitcoin after completing the pattern here is likely to increase volatility and as the indications show up at the moment the initial bearish breakout to the downside has a higher possibility, this does not mean Bitcoin is completely bearish however in any case the bearish perspectives should not be kept by side here, therefore I detected the underlying formation and upcoming determinations we should consider with Bitcoins established structure and the price-actions to expect in the incoming terms. Structural Developments: As when looking at my chart we can watch there how Bitcoin has moved on to form this main decisive formation in this whole structure, this formation is a head-and-shoulder-formation and it is in most occasions a formation that indicates a bearish reversal to the downside when completed in a way that it is not invalidated again. In this manner, Bitcoin already completed the vast majority of the technical parts of this formation with the left shoulder, the head, and the right shoulder. Recently Bitcoin continued with a crucial price-action as it bounced below the neckline with this increased volatility spike on high volume and bearishness, this means the whole formation is completed technically, also playing into this development is the fact that Bitcoin is now trading below the 100-EMA which was a significant support-base previously. Upcoming Determinations: Taking all these factors into the consideration here now what we should expect in the upcoming times is that Bitcoin continues with the bearish developments as Bitcoin also activated the downside targets. Therefore Bitcoin is about to form this confirmational bearish pattern below the neckline which can complete as a bear-flag or just a retest of the neckline to setup and continue further bearishly. In some occasions such a formation can also invalidate to the upside, this is when the asset manages to increase bullishness in such a manner that the price-action has the ability to back-up and bounce above the neckline again to continue further bullishly. Such a price-action should be watched here however when it does not happen Bitcoin is likely to reach its downside-target-zone marked in my chart in blue from where the situation needs to be elevated again, it will be an important development ahead. In this manner, thank you for watching my analysis about BITCOIN and its main head-shoulder-formation with the upcoming determinations crucial to consider, support the analysis with a like and follow or comment for more market insight! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
11
BITCOIN, Decisive DISTRIBUTION-FRACTAL Develops ONCE AGAIN!Hello, Welcome to this analysis about Bitcoin, we are looking at the daily timeframe perspectives. As I discovered in my analysis Bitcoin in the last times is developing a decisive fractal that already completed before in a broader scale and as I detected there are exactly the same elements and determinations given that formed before now only in a other perspective, in any case, there is the possibility given for an increase in bearish pressure next times. We all have seen how fastly the market can switch once the final confirmation happened and how these bearish developments can accelerate once higher entities are pressuring Bitcoin such as China blocking Bitcoin miners or bigger companies ending with Bitcoin payments, such events can bundle a trend strength into the bullish or also into the bearish direction especially when combined with the underlying technical factors of which I detected are pivotal with the fractal Bitcoin develops. Bitcoin Distribution-Fractal Elements And Phases: A.) Wave-Count-To-Fractal-Completion And Decreasing-Momentum-Cycle: As when looking at both fractals we can watch there Bitcoin in the first fractal completed this central wave-count-to-fractal-completion with the waves reaching from A to G in the structure till the wave-count finalized and marked the actual reversal with the final fractal-top at the end of wave G. The wave-count formed subsequent higher highs and higher lows till the final breakdown happened and combined with this wave-count there is the decreasing-volatility-cycle marked in red with the volume decreasing more and more the more higher highs formed. The very same movement is now seen with the next distribution-fractal with the waves already finished from A to F and the wave G remaining together with the low-volatility cycle. B.) Confirmation Elements Reaching From 1.) To 3.): Combined with the Wave-count-to-completion-cycle and the decreasing-momentum-cycle there are also the confirmation elements serving a pivotal aspect in this whole fractal development. In this case there are the three major confirmations reaching from 1.) to 3.) with first confirmation showing the breakout below the first trendline, the second confirmation showing the breakout below the second trendline together with the breakout below the 20-MA high volatility, and the third confirmation showing the highly increased volatility spike simultaneously with the breakout below the trendline and 20-MA. Bitcoin now in the next fractal already completed the first confirmation and once the cycle has finished the second confirmation is likely to approve. Upcoming Fractal-Determinations And What We Should Consider: Now as the next fractal Bitcoin is forming here is already within its final stages there is a high possibility given that the further fractal elements will form in the upcoming times, once the wave G is completed in the wave-count there remains the breakout below the second trendline and the 20-MA on high volatility and together with the increased-volume spike, when these things happen the fractal is technically completed and Bitcoin has increased likelihood to continue bearishly, the main target-zone and also support-zone, in this case, will be within the 35600 level marked in orange from where Bitcoin has potential to stabilize again. For now it is necessary to prepare on upcoming volatilities as there are also other technical factors and fundamentals that are playing into the initial bearish pullback-scenario, technically the main RSI and MACD bearish divergence and fundamentally the increased regulatory pressure that has the ability to decrease again however now is still omnipresent. In this manner, thank you for watching my analysis about BITCOIN and its major distribution-fractal compared to the previous and central upcoming determinations to consider, support the analysis with a like and follow or comment for more market insight! "The past, like the future, is indefinite and exists only as a spectrum of possibilities." Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
28
BITCOIN, Local Bull-Flag, Initial Continuation-Determinations!Hello, Welcome to this analysis about Bitcoin and its 45-minute local timeframe perspectives. As I discovered recently Bitcoin is forming an important constellation here with upcoming volatilities that should be considered in the schedule especially as Bitcoin completes this main formation in the structure. As when looking at my chart now we can watch there how Bitcoin established this main bull-flag-formation marked with the boundaries in blue. This bull-flag-formation is building the main wave B in the structure and is consisting itself of a wave-count reaching from A to C with these waves already completed. As Bitcoin now emerged with the breakout above the upper-boundary of the bull-flag this is marking the appropriate setup for further continuations to the upside and has activated the bull-flag-targt-zone, therefore it is likely that Bitcoin continues bullishly from here to reach the target-zone which is simultaneously a main remaining resistance, this is why it is more likely that when Bitcoin reaches this zone there comes a pullback as the resistance is still omnipresent, especially in this constellation it does not mean Bitcoin is completely bullish therefore it has to be elevated how Bitcoin remains after pulling back from the upper target and resistance zones, possible is a stabilization in the structure from where Bitcoin can build up further, however, a bearish continuation with increase bearish pressure to the downside should also not be kept from the desk, it will be an important development ahead. In this manner, thank you for watching my analysis about BITCOIN and the main local bull-flag-structure with the upcoming bullish developments to consider, support the analysis with a like and follow or comment for more market insight! "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 market.
BYBIT:BTCUSD.P
by VincePrince
16
BITCOIN (BTCUSD) – Week 35 – Bullish takeover Morgan Stanley's investment funds have purchased approximately 6.5 million shares in Grayscale Bitcoin Trust (GBTC), a move that comes as other big financial institutions look for ways to provide their customers with exposure to the cryptocurrency market. Morgan Stanley invested in GBTC across more than a dozen funds, according to SEC records discovered by Decrypt. Its Growth Portfolio, which owns 2.3 million shares of the Bitcoin-focused fund, is now the largest shareholder. Square's Cash App is a popular method for consumers to purchase and sell Bitcoin, but CEO Jack Dorsey is a huge supporter of the leading cryptocurrency, and Square has big aspirations in the sector. Dorsey announced a new Bitcoin-focused subsidiary dubbed TBD last month, and now he revealed what it will be: a decentralized exchange. TBD intends to make a fully permissionless and decentralized exchange built around Bitcoin, however, to provide users a wide array of on-ramps for exchanging fiat currency for BTC. According to former Reserve Bank of India Governor Raghuram Rajan, cryptos definitely have a “potential future.” Speaking at the Reuters Global Markets Forum, the economist opined that while cryptocurrencies have highly fluctuating values, they might be useful as means of payment in the coming time. As expected, the former bank exec lent more support to the idea of well-regulated stablecoins, with Rajan adding that these assets should have quick, appropriate regulations. Technically, after the correction that started on the 24th of August and ended on the 26th we see a move to the upside as a higher probability scenario. If this consolidation breaks to the upside the price will continue to go higher. Keep in mind that a retracement to the blue trendline is possible before climbing back up. If the price breaks the blue trendline sharply and consolidates we may be retesting the support area before resuming the uptrend. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
BITSTAMP:BTCUSDLong
by financialflagship
4
BTC, Diamond-Bottom Complete, Targets Reached, Next Destinies!Hello, Welcome to this update-analysis about Bitcoin, we are looking at the 12-hour timeframe perspectives, the recent events, the established formational structure, and what has changed since the origin-analysis about this subject in relation to the main diamond-bottom-formation I mentioned in the origin-analysis that has greatly completed and was the origin of astonishing upside-volatilities. Not only the diamond-bottom-formation gave the indication for these developments but also other technical factors I explicated, this shows how technical analysis can function very good when applied rightly within the markets, pre-condition must be always to approach the market with an unattached eye to come up with the right determinations rather than just mere over speculation into a one-sighted direction which is seen to often these times, therefore I detected all the important levels and upcoming developments relevant for Bitcoins established structure. Diamond-Bottom Completion And Structural Developments: As when looking at my chart now we can watch there that Bitcoin extended the second half of the diamond-bottom-formation till it finally completed the wave-count within to after this show up with the decisive breakout above the upper-boundary of the formation marked in my chart with the blue circle, once this breakout emerged Bitcoin set up for further continuations to the upside and moved on to continue with the established bullishness. Although Bitcoin several times pulled back in the structure to test the 30-EMA in red Bitcoin consistently continued and finally reached the diamond-bottom-formation target-zone recently within the 50050 level from where an initial pullback has shown up that should not be kept by side here, mainly Bitcoin has still a strong resistance within this levels and it is more likely that when Bitcoin moves into it a next pullback will show up. Upcoming Determinations: Taking all these factors into consideration now it has to be marked that Bitcoin moved into an initial overbought condition on the local structure and approached the upper-resistance which are still serving as such, therefore an incoming pullback development has an increased likelihood for Bitcoin here. These pullbacks will move on and continue especially once Bitcoin pulled back below the 30-EMA, when this happens it will be the setup for further continuations to the downside and establishment of the main wave C within the major wave-count to approach firstly the diamond-bottom-top which is now great support where Bitcoin has the ability to bounce and stabilize above. Otherwise, when this does not happen the next considerable support is within the 38735 level where Bitcoin has the opportunity to rightly stabilize, it will be an interesting development ahead. In this manner, thank you for watching my analysis about BITCOIN and its completion of the diamond-bottom with the target-zones reached and the upcoming determinations, support the analysis with a like and follow or comment for more market insight! "Eternal patience is the marching route to tremendous prosperity." Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
11
BITCOIN, About To Complete Decisive Ascending-Wedge Bearishly!Hello, Welcome to this analysis about Bitcoin, we are looking at the 4-hour timeframe perspectives. Bitcoins initial local trend to the upside in the recent times begins to slow down with decreasing momentum in the structure especially as Bitcoin also tested the main resistance levels in the structure these pullbacks should not be kept by side. Now as I discovered here Bitcoin is forming a decisive formation on the 4-hour timeframe perspective, this is a ascending-wedge-formation marked in my chart with the black boundaries, within this formation Bitcoin has the coherent wave-count reaching from A to E that is almost already completed and as Bitcoin moved into the heavy 50.000 USD resistance which is a psychological resistance and also besides that horizontal resistance I already mentioned before a main pullback established from this zone with Bitcoin moving on to test a third time the 100-EMA marked in my chart in blue, this EMA is a important reference-element holding the whole bullishness to the upside and when it is broken a bearish continuation gets an increased likelihood, this goes simultaneous with the ascending-wedge-formation completion which will happen when Bitcoin breaks out below the lower boundary as seen in my chart, such a price-action will activate the continuations to the downside and the initial target at 42400 marked in my chart in blue will be pointed, when this zone does not hold the next substantial support is at the 39000 level, these two levels are highly necessary to maintain properly and Bitcoin needs to bounce within there to back-up and stabilize with a appropriate bullishness, for now Bitcoin needs to show how it continues, in any case the bearish perspective should not be kept by side here. In this manner, thank you for watching my analysis about BITCOIN and the major ascending-wedge-formation with its upcoming determinations, support the analysis with a like and follow or comment for more market insight! "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 market.
BYBIT:BTCUSD.P
by VincePrince
14
BITCOIN, Bearish RSI Divergence, Pullback Indication Given!Hello, Welcome to this analysis about Bitcoin, we are looking at the daily timeframe perspectives. As already mentioned previously Bitcoin is in a determining decision phase in which an initial pullback upcoming has a higher increased likelihood, especially as Bitcoin has completed the sixth week in a row bullishly with slowing momentum a incoming bearish pullback should not be kept by the side. This does not mean Bitcoin is completely bearish and will remain so when a pullback happens however as sophisticated traders it is necessary to keep prepared on such possibilities and also do not completely discard the bearish perspectives. Especially from the indicator side I detected a interesting development that can approve worthwhile in the near future. In this case, now I discovered the important levels, upcoming determinations, divergence establishment, and what we should consider with Bitcoin ahead of the upcoming times. As when looking at my chart now we can watch there how Bitcoin recently moved directly into this major upper-resistance-zone marked in red in my chart at the 49550 levels from where an initial pullback now recently happened. Within this movement into the resistance-levels Bitcoin steadily slowed momentum down which is in most occasions a sign of an incoming reversal. Besides that Bitcoin has also this ascending-resistance-line marked in black in my chart where Bitcoin severely pulled back and now the next time moved into and confirming this zone as resistance. Furthermore, what is also decisive and pivotal in this case is that Bitcoin filled the main CME-Gap at the 49250 USD level, it is not seldom seen that after an asset fills such a gap there comes a reversal once the gap has been filled, this is going simultaneously with the resistance structure and slowing momentum Bitcoin is building and is increasing the probability for a pullback incoming. Also, Bitcoin has developed this significant RSI-structure which is showing a clear bearish divergence as Bitcoin advanced in price-action forming higher highs the RSI developed lower highs, this gives a additional edge for the incoming bearish volatility to expect. Once the pullbacks are settled Bitcoin will first approach the initial drop-zone and when there comes a stabilization in this zone it can mark the further reversal and developments to the upside however when it does not happen Bitcoin will do the wave-C-extension as shown in my chart. Traders, the market not always goes just into one direction steadily especially the cryptocurrency market keeps being volatile and this is why it is central to keep such volatilities in mind to rightly decide according to the individual situation and direction the market is moving, that is why an over-speculation into a one-sighted direction is in the most occasions, not the right way. Therefore, it will be shown how Bitcoin develops here under the suggested conditions. In this manner, thank you for watching my analysis about BITCOIN and its main bearish-divergence structure with the upcoming determinations to consider, support the analysis with a like and follow or comment for more market insight! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
59
BITCOIN, Major Bull-Flag-Formation, How It Completes!Hello, Welcome to this analysis about Bitcoin, we are looking at the 4-day timeframe perspectives. Bitcoin in recent times has developed an important structure on the more middle-to-long-term perspectives as on this basis Bitcoin is still in a condition in which it is searching for a trend however as for now I discovered that this trend has a higher likelihood to be a bullish trend. Especially when considering the main accumulation-phase which Bitcoin almost completed and the growing institutional interest that builds an underlying fundamental base and driving factor of upcoming demand increases. In this case, now I discovered a massive formational structure Bitcoin is forming on this middle-to-long-term perspective and therefore I detected all the pivotal structural formations, elemental factors, and upcoming determinations we should consider in Bitcoins developed movements and upcoming establishments. Structural Developments: As when looking at my chart we can watch there how Bitcoin on the 4-day timeframe perspective is in a structure in which it still has this main ascending-trend-line marked in blue in my chart in which Bitcoin already bounced several times in the past, with the recent bounce also off the 100-MA marked in my chart in blue. Since this last bounce occurred Bitcoin heavily increased with bullishness to the upside and testing further levels of resistance within the structure. Now on the broader perspective Bitcoin is forming this main dynamic bull-flag-formation marked in orange in my chart. As Bitcoin already showed increased bullish dynamics within this formation there is a real possibility that this formation will be completed sooner or later, therefore it is highly necessary that Bitcoin rightly builds up with bullishness in the structure to properly complete this whole formation. Upcoming Determinations: Taking all these factors into the consideration now Bitcoin is in a structure in which it has formed this great formation. Now it is important that the bullishness rightly builds up, therefore we should consider pullbacks into the remaining support-zones as it is marked in my chart with Bitcoin approaching the 65-EMA marked in red and the structure support-cluster Bitcoin has built up there consisting of the ascending-trend-line in blue, the 65-EMA and also the 100-MA in blue. Once Bitcoin is pulled back into these zones it will be significant that Bitcoin rightly confirms them as support and does not increase with bearish pressure to move below this cluster because this will invalidate the formation and the bullishness incoming. Once this happened and Bitcoin managed to bounce within this zone to continue bullishly a completion of the whole formation and activation of targets will happen with Bitcoin bouncing above the upper-boundary. In this manner, thank you for watching my analysis about BITCOIN and the major Bull-Flag-Formation with the meaningful considerations on how the formation completes, support the analysis with a like and follow or comment for more market insight! "Good luck is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the market.
BITSTAMP:BTCUSD
by VincePrince
36
BITCOIN, Way To A Dedicated BREAKOUT, Upcoming Possibilities!Hello, Welcome to this analysis about Bitcoin, we are looking at the 2-day timeframe perspectives. Bitcoin in recent times has shown up with important determining price-actions moving directly into the remaining resistances and testing them. Besides that the Wyckoff-accumulation I mentioned in the previous analysis is nearly completed and with these dynamics, Bitcoin has the ability to approach the demand dynamics in the structure and back-up for an appropriate bullish markup with continuations. In this case, now I discovered pivotal zones and structural developments that will be decisive in Bitcoins upcoming movements, therefore it is necessary to keep patient and await the proper validations before moving into the right directions and preparing for the right entry into the market with the proper line-up, therefore I detected all the significant levels, structural formations and upcoming movements we should consider with Bitcoin. Structural Developments: As when looking at my chart we can watch there decisive factors contributing to the current situation. On the broad scale, there is this massive descending-channel-formation marked with the boundaries in black in my chart, besides that there is the ascending-channel-formation marked in blue which was the origin of this heavy bullish volatility to the upside with Bitcoin also bouncing simultaneously within the lower boundary. Now as Bitcoin advanced from its established accumulation phase it moved directly into the main resistance-cluster marked in red in my chart which is a central intersection where several factors coming together such as the horizontal resistance and both upper channel resistances coming together and forming this resistance-cluster from where a pullback is highly likely. This pullback when established will be the contribution to wave C in the major wave-count marked in my chart. Upcoming Determinations: Taking all these factors into the consideration now out of the current perspective Bitcoin is likely to show up with the suggested pullback and when this happens there is firstly a high likelihood given that Bitcoin moves on to test the lower levels of support which are still solidly given in the structure. The first is the 35-EMA marked in light blue in my chart, this is an important EMA that also held bullishness to the upside before and it is possible that when Bitcoin approaches this EMA that there comes a bounce to the upside, otherwise when this not happens the next support will be the lower boundary from where a bounce has a very high possibility. Overall Bitcoin will have a high ability to stabilize in this whole structure as marked in my chart to build upon it and finally emerge with the final breakout that happens above the upper-boundary of the channels and which finally confirms with the breakout above the ascending-channel-formation as shown in my chart, this breakout has a 75% possibility to happen and should be expected. In this manner, thank you for watching my analysis about BITCOIN and the established channel-structure with the upcoming determinations to consider, support the analysis with a like and follow or comment for more market insight! "Ascertainment is the central issue in economic prosperity." Information provided is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
37
BTC, Finalized BROADENING-WEDGE, Continuation-Determinations!Hello, Welcome to this analysis about Bitcoin, we are looking at the 4-hour timeframe perspectives. As mentioned in the previous analysis already Bitcoin was likely to form a main initial reversal on the local perspective as there is strong resistance and Bitcoin already moved on to pullback as well as develop the formation in the structure. For people and traders who want to gain a hold in the market, it is necessary to realize that the market is not always complete bullish or completely bearish, there are always several ways on where the market can go and what price-action-developments can finally emerge, therefore it is highly important to do not look into a single direction rather we should keep the different directions in mind and integrate them into a full-depth-approach to finally look on the different layers and possibilities of establishments within the price-action. Structural Developments: As when looking at my chart we can watch there how Bitcoin has formed this main broadening-wedge-formation marked with the boundaries in blue, within this formation Bitcoin has completed the coherent wave-count reaching from A to E, and with the final second pullback from the 48400 USD mark has predetermined this whole formation to complete which finally happened with the breakout below the lower boundary of the formation, this breakout has activated lower targets and continuations to the downside. As for now, Bitcoin continued to test the 100-MA marked in grey in my chart which is pivotal reference support as it has held the bullishness to the upside before. Now Bitcoin is about to consolidate above this moving average and it can be the appropriate setup for the further continuations to the downside when Bitcoin moves finally below it. Upcoming Determinations: Taking all these factors into consideration now it is likely that we will see a continuation in Bitcoins bearish developments as the main broadening-wedge-formation has completed. The first activated target-zone, in this case, is the main-structure-support marked in my chart in blue, when Bitcoin has reached it it has to be elevated if it manages to markup from there substantially or just sets up to form a further continuation to the downside. When Bitcoin manages to stabilize and markup to finally breakout above the descending-trend-line this can be the origin of the bullish reversal confirmation and continuation to the upside otherwise the next support will be below at the 40545 level. For now we should not keep the bearish perspectives out of sight and Bitcoin needs to show how it approaches the main targets with the given suggested developments. In this manner, thank you for watching my analysis about BITCOIN and the main broadening-wedge-formation with the upcoming determinations to consider, support the analysis with a like and follow or comment for more market insight! "The most substantial way to forecast the future is to try to understand the present." Information provided is only educational and should not be used to take action in the market.
BINANCE:BTCUSD
by VincePrince
44
BITCOIN, The Historical HASH-RIBBON-SIGNAL Flashed Blue!Hello, Welcome to this update-analysis about Bitcoin, the weekly timeframe perspectives, and its main hash-ribbons conditions that have now changed in the recent times since I uploaded the first analysis. In the last time's important developments have occurred within the market as miners that got restricted because of the China mining ban have settled into new supportive places and began mining again this led to an increase in the hash rate and finally the 14th historical hash-ribbons-signal has emerged, therefore I discovered all the important levels and upcoming determinations we need to consider with Bitcoins established structure, formation specialities and upcoming determinations we need to consider now. Structural Developments: Since the previous analysis Bitcoin moved on with its decreasing bearish momentum in the structure with a simultaneous increase of the hash rate this was the origin for the 10-Day EMA finally crossing above the 20-Day EMA and in this case the final hash-ribbons-signal emerged. Once this happened Bitcoin also bounce within the ascending-trend-line marked in dashed grey in my chart, this was also the same point and intersection together with the descending-trend-line in black. Once this happened Bitcoin showed up with this heavy bullish volatility increase to the upside and printed four exceptionally green candles to the upside adding a new green candle to the three white soldier formation developed. Hash-Ribbon Development-Phases: Example With The Stages-Examinations Out Of The 15 Historical Hash-Ribbon-Signals: Upcoming Determinations: Taking all these factors into the consideration now Bitcoin has emerged not only with the great hash-ribbons buy-signal but also with the other bullish indications that are building the fundament for a continuation in the upcoming times. In the past, the hash-ribbons buy-signal was always followed by heavy bullish increases to the upside and this is what should be also considered here. Besides that Bitcoin rightly managed to breakout above the 20-MA marked in my chart in blue which gives the additional bullish possibility increase. Therefore what should be expected now is Bitcoin moving on in the expansion phase B that is explained in my chart, it will be an interesting development ahead. In this manner, thank you for watching my analysis about BITCOIN and the main hash-ribbons-structure with the recent buy-signal emerged and upcoming determinations, support the analysis with a like and follow or comment for more market insight! "Astonishment is the basis of reverence" Information provided is only educational and should not be used to take action in the market.
BITSTAMP:BTCUSD
by VincePrince
66
BTC, Weekly Bounce Above 20-MA First Time Since Corona-Recovery!Hello, Welcome to this analysis about Bitcoin and the important weekly timeframe perspectives. As mentioned already in previous analysis Bitcoin was in the main accumulation structure from where it now finally showed up with bullish strength and moved along with increased bullish dynamics testing remaining zones. Now with these whole developments, Bitcoin formed considerable confirmations in the schedule consisting of different technical factors I discovered. For now, Bitcoin has maintained great bullish signs, and to continue with this dynamic the right price-actions incoming is pivotal, therefore we are looking at all the meaningful levels, structural formations, and upcoming determinations. Structural Developments: As when looking at my chart we can watch there how Bitcoin is trading globally within this major ascending-channel-formation marked in my chart with the black boundaries. This is the major channel in which the wave-count develops and with the recent bullish volatility Bitcoin rightly bounced within the lower boundary of this massive channel. Simultaneously with the bounce emerging Bitcoin completed the diamond-bottom-formation marked in my chart in orange and what is more important is that Bitcoin now recently for the first time since the corona-breakdown-recovery bounced above the 20-MA marked in my chart in blue, the last time Bitcoin bounced above this level it was the origin of high bullish volatility and the bullish expansion to the upside. Upcoming Determinations: Taking these developed factors into the consideration there are also other technical indicators important to look at here. Firstly it is the MACD which is now on the verge to provide a bullish-golden-crossover as it is marked in my chart. Secondly, it is the candlestick-formation Bitcoin has developed after the bounce from the lower boundary of the major ascending-channel-formation, this is a formation called three white soldiers and it builds the appropriate bullish origin to build on further. For Bitcoin, this means now that it is testing the remaining resistance marked in red, and when Bitcoin manages to stabilize here and finally breakout above this resistance a bullish continuation has a great likelihood to follow-up to test the last resistance. In this manner, thank you for watching my analysis about BITCOIN and the important weekly structure with the paramount confirmations settled and the upcoming determinations expected, support the analysis with a like and follow or comment for more market insight! "The market is based on destiny and the philosophy of estimation." Information provided is only educational and should not be used to take action in the market.
COINBASE:BTCUSD
by VincePrince
62
BITCOIN (BTCUSD) – Week 33 – No signs of stopping In a recent interview, Argentina's President, Alberto Fernandez, stated that he sees no reason to oppose Bitcoin and cryptocurrency in general, but the country's Central Bank, Miguel Pesce, is preparing for a crackdown on the business. Already in April, the Central Bank of Argentina instructed local banks to scrutinize clients that hold cryptocurrencies and engage in business or trading activities involving crypto, but just last month, a member of the National Congress José Luis Ramón submitted a bill that would allow salaries in Bitcoin and muscle the country’s adoption process. Despite the fact that the United States government is slamming the crypto industry, Wyoming stands out for its acceptance of the new technology. This state, dubbed the "Wild West of Crypto," just enacted 24 blockchain-friendly legislation. According to a report by CNBC, the state's most recent measure will enable for "rapid approval for new crypto banks." Technically, in our last report we were right when we expected a sideways correction before the continuation to the upside. However, the correction took place above the zone that we expected it to happen. For this week, we have no indication that the price will reverse. The higher probability move is to the upside, either going right now, or with small consolidations along the way. We could see a bigger correction in this area before the price continue its path to the upside. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
BITSTAMP:BTCUSDLong
by financialflagship
BITCOIN, About To Finalize Main Bearish-Reversal Double-Top!Hello, Welcome to this analysis about BITCOIN and the 45-minute timeframe perspectives. As already mentioned in previous analysis Bitcoin prepared for a local bearish reversal in the structure with firstly an initial head-shoulder-formation which protracted now and a next formation has been formed as I discovered, this can happen when the actual formational structure extends, in any case, the local bearish perspective is as for now omnipresent and therefore it is necessary to rightly amplify it before moving into the wrong direction or rushing into trades that do not satisfy. As when looking at my chart now we can watch there how Bitcoin severely failed to form new highs at the 46600 USD level and two times heavily pulled back. to mark below the 100-MA marked in my chart in green, this 100-MA was a very pivotal reference-factor holding the whole bullishness to the upside, the fact that this MA is now taken out by Bitcoins bearishness gives the structure a bearish edge. Furthermore, Bitcoin is now forming this main double-top-formation with the dynamic-neckline marked in my chart in blue, Bitcoin recently closed below this neckline and is now setting up for the high likelihood bearish continuation. The main double-top-target-zone is within the 43000 USD level marked in my chart in blue, once this level has been reached the situation needs to be elevated anew in terms of Bitcoin holding the level and stabilizing above or setting up for further continuations, it will be an important development ahead. In this manner, thank you for watching my analysis about BITCOIN and the main double-top-formation with the upcoming destinies important to consider, support the analysis with a like and follow or comment for more market insight! "Edification consists of the anticipation of ramifications." Information provided is only educational and should not be used to take action in the market.
by VincePrince
81