Hello Traders Investors And Community,
Welcome to this update-analysis about Bitcoin, we are looking at the 45-minute timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. The major bear-flag-formation I mentioned previously now fully developed with the coherent wave-count and completed bearishly to the downside with this decisive move below the lower-boundary, if you did not see this analysis already I highly recommend it to watch to have a full-depth-overview, now as this bearish volatility established it was good for us to secure profits on the short-side, now taking this further we should not underestimate the bearish edge here, therefore I detected all the important levels and likely destinies to expect.
As when looking at my chart now we see Bitcoin actually developed an interesting constellation with the bearish move below the lower boundary Bitcoin is now forming an ascending-wedge-formation marked in my chart in orange with the blue boundary, furthermore, Bitcoin initiated this wave-count within the formation already completing waves A to C and now setting up to form the further waves D and E, also this wedge-formation is the wave B of this larger downside swing with the wave C upcoming next times, when Bitcoin completes the wave-count here and finally moves below the lower boundary to the downside it will complete the wedge-formation and activate the further bearishness to form the wave C within the schedule.
Bitcoin is in a situation where it has completed a serious bearish formation that should not be underestimated in any way here especially as we have seen the strong bearish selling pressure last time we should be prepared for more of this to come. Therefore with the wedge-formation as suggested developing below the lower boundary of the bear flag this will move into a continuation when Bitcoin completes it especially as when the wave-count ends up again with this strong upper-resistance where a pullback is highly likely. When Bitcoin shows up with these decisive determining price-actions here it will move into the lower supports marked in my chart in blue which will be crucial in terms if Bitcoin manages to hold these or continues bearish further.
In this manner, thank you for watching the analysis, have a good day and of course good trading, all the best!
"Foresight is better than hindsight."
Information provided is only educational and should not be used to take action in the markets.
Welcome to this update-analysis about Bitcoin, we are looking at the 45-minute timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. The major bear-flag-formation I mentioned previously now fully developed with the coherent wave-count and completed bearishly to the downside with this decisive move below the lower-boundary, if you did not see this analysis already I highly recommend it to watch to have a full-depth-overview, now as this bearish volatility established it was good for us to secure profits on the short-side, now taking this further we should not underestimate the bearish edge here, therefore I detected all the important levels and likely destinies to expect.
As when looking at my chart now we see Bitcoin actually developed an interesting constellation with the bearish move below the lower boundary Bitcoin is now forming an ascending-wedge-formation marked in my chart in orange with the blue boundary, furthermore, Bitcoin initiated this wave-count within the formation already completing waves A to C and now setting up to form the further waves D and E, also this wedge-formation is the wave B of this larger downside swing with the wave C upcoming next times, when Bitcoin completes the wave-count here and finally moves below the lower boundary to the downside it will complete the wedge-formation and activate the further bearishness to form the wave C within the schedule.
Bitcoin is in a situation where it has completed a serious bearish formation that should not be underestimated in any way here especially as we have seen the strong bearish selling pressure last time we should be prepared for more of this to come. Therefore with the wedge-formation as suggested developing below the lower boundary of the bear flag this will move into a continuation when Bitcoin completes it especially as when the wave-count ends up again with this strong upper-resistance where a pullback is highly likely. When Bitcoin shows up with these decisive determining price-actions here it will move into the lower supports marked in my chart in blue which will be crucial in terms if Bitcoin manages to hold these or continues bearish further.
In this manner, thank you for watching the analysis, have a good day and of course good trading, all the best!
"Foresight is better than hindsight."
Information provided is only educational and should not be used to take action in the markets.
Note
Origin-Analysis: 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
►✅JOIN THE BEST+ TOP TELEGRAM TRADING CHANNEL: t.me/VincePrinceForexGoldStocks
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.