Hi,
Welcome to this analysis about Bitcoin, we are looking at the 12-hours timeframe perspectives. Since Bitcoin moved on with the bearish exaggeration it reached serious remaining support-zones in the structure especially determined by the ascending-trend-line marked in dashed grey where Bitcoin initially bounced. Besides that Bitcoin has established this main wave-count with the waves A to C almost already finished and now with the wave D to likely have its origins within the ascending-support-level as marked in my chart however this wave D will run directly into the upper resistance-cluster from where a pullback is very likely and therefore will be the origin of wave E which, this wave E has the ability to finish within the ascending-support and show up with a bounce from there otherwise when this does not happen Bitcoin will move on further with a wave-E-extension when it closes below the support as shown in my chart, it will be an important development ahead.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"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.
Welcome to this analysis about Bitcoin, we are looking at the 12-hours timeframe perspectives. Since Bitcoin moved on with the bearish exaggeration it reached serious remaining support-zones in the structure especially determined by the ascending-trend-line marked in dashed grey where Bitcoin initially bounced. Besides that Bitcoin has established this main wave-count with the waves A to C almost already finished and now with the wave D to likely have its origins within the ascending-support-level as marked in my chart however this wave D will run directly into the upper resistance-cluster from where a pullback is very likely and therefore will be the origin of wave E which, this wave E has the ability to finish within the ascending-support and show up with a bounce from there otherwise when this does not happen Bitcoin will move on further with a wave-E-extension when it closes below the support as shown in my chart, it will be an important development ahead.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"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.
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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.