Hi my friends,
Welcome to this update-analysis about Bitcoin, we are looking at the 30-minute timeframe perspective. Since the last analysis, I published according to this subject on the 30-minute timeframe Bitcoin managed to bounce greatly from the breakout-origin-cluster mentioned and from there on tested the upper-boundary of the major flag-formation to pull back from there and move into the EMA-structures determined, if you did not see this analysis already I highly recommend it to watch to have a full-depth-overview as this analysis is also building coherently on it. Now as all these important price-actions happened there are basically necessary steps for Bitcoin to conclude the final bullish breakout-setup and when Bitcoin shows up with these price-actions this can lead to further bullish potentials ahead, therefore I detected all the important levels and likely outcomes we should consider here.
Structural Developments:
Now as Bitcoin managed to test the upper boundary of the flag-formation Bitcoin pulled back after this shows up and moved into the 65-EMA in green and the 85-EMA in red where Bitcoin has important supports together with the middle-line of the flag-formation, what is also necessary to evaluate here is the fact that Bitcoin is building this support-cluster marked in blue in my chart which is very inevitable to hold and bounce because Bitcoin will increase with bearish price-action when moving below it and such measurements can indicate further bearishness and lower levels to be reached as Bitcoin will move below the volume-supports determined by the volume profile. Also, the two confirmational zones are meaningful reference-points as Bitcoin will show with the final conclusion when either moving into the bull-flag-confirmation-zone or the bullish-invalidation-zone of which the bull-flag-confirmation-zone is still more likely however the bullish-invalidation-scenario, for now, should not be kept by side here.
Upcoming Perspectives:
Bitcoin is in a situation where it has formed some solid price-actions and formational structures that can show up with proper potentials further when Bitcoin shows up with the proper alignments and develops under the suggested circumstances. When this happens and Bitcoin manages to bounce anew in the structure with the right strength to move above the upper-boundary such price-actions will point to the final breakout confirmational setup above the upper boundary as it is marked in my chart and this will activate upside targets higher in the structure. It is certainly possible to enter the market aggressively right away before confirmation has occurred however the best way is to wait on the final breakout-setup before entering the market better than running into trades that do not satisfy. It is great to see us in the channel realizing and securing profits the last time. We will see where the market is heading the next time under prospected possibilities, it will be an interesting journey ahead.
In this manner, thank you for watching the analysis, have a great day and weekend, all the best!
"Prospect is the ingredient of good fortune."
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 30-minute timeframe perspective. Since the last analysis, I published according to this subject on the 30-minute timeframe Bitcoin managed to bounce greatly from the breakout-origin-cluster mentioned and from there on tested the upper-boundary of the major flag-formation to pull back from there and move into the EMA-structures determined, if you did not see this analysis already I highly recommend it to watch to have a full-depth-overview as this analysis is also building coherently on it. Now as all these important price-actions happened there are basically necessary steps for Bitcoin to conclude the final bullish breakout-setup and when Bitcoin shows up with these price-actions this can lead to further bullish potentials ahead, therefore I detected all the important levels and likely outcomes we should consider here.
Structural Developments:
Now as Bitcoin managed to test the upper boundary of the flag-formation Bitcoin pulled back after this shows up and moved into the 65-EMA in green and the 85-EMA in red where Bitcoin has important supports together with the middle-line of the flag-formation, what is also necessary to evaluate here is the fact that Bitcoin is building this support-cluster marked in blue in my chart which is very inevitable to hold and bounce because Bitcoin will increase with bearish price-action when moving below it and such measurements can indicate further bearishness and lower levels to be reached as Bitcoin will move below the volume-supports determined by the volume profile. Also, the two confirmational zones are meaningful reference-points as Bitcoin will show with the final conclusion when either moving into the bull-flag-confirmation-zone or the bullish-invalidation-zone of which the bull-flag-confirmation-zone is still more likely however the bullish-invalidation-scenario, for now, should not be kept by side here.
Upcoming Perspectives:
Bitcoin is in a situation where it has formed some solid price-actions and formational structures that can show up with proper potentials further when Bitcoin shows up with the proper alignments and develops under the suggested circumstances. When this happens and Bitcoin manages to bounce anew in the structure with the right strength to move above the upper-boundary such price-actions will point to the final breakout confirmational setup above the upper boundary as it is marked in my chart and this will activate upside targets higher in the structure. It is certainly possible to enter the market aggressively right away before confirmation has occurred however the best way is to wait on the final breakout-setup before entering the market better than running into trades that do not satisfy. It is great to see us in the channel realizing and securing profits the last time. We will see where the market is heading the next time under prospected possibilities, it will be an interesting journey ahead.
In this manner, thank you for watching the analysis, have a great day and weekend, all the best!
"Prospect is the ingredient of good fortune."
Information provided is only educational and should not be used to take action in the markets.
Note
Origin-Analysis: 
►✅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.
►✅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.