BITCOIN, EXCEPTIONAL Inverse H-S-Formation To FINALIZE!
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Hello,
Welcome to this amazing update about Bitcoin and the 4-hour timeframe perspectives. In recent times we can see Bitcoin heavily increasing with bullish volatility in the structure to complete the triangle-formation and channel-breakout I mentioned in just the recent analysis, in this case, Bitcoin also already reached out to the targets, if you did not see this analysis already I highly recommend it to watch to have a good depth-overview. Now in recent times as the news for Bitcoin became increasingly bullish this massive bullish volatility showed up also in the price-action, we see an accelerated innovational development for Bitcoin in many technological fields such as important brokers like Robinhood adopting Bitcoin, Twitter adapting the Bitcoin Lightning Tipping Feature and the Fed declared that it is not looking to ban Bitcoin after which the price jump occurred. Therefore I discovered all the pivotal levels and upcoming determinations central here.
As when looking at my chart now we can watch there how Bitcoin directly pumped into the significant 47800 Usd resistance with the recent bullish price-move, this is a key resistance here and it is more likely that Bitcoin firstly pulls back from this area to move on with the right shoulder development of this major inverse head-and-shoulder-formation of which the left shoulder and the head already completed. Now when Bitcoin moves on with the right shoulder this will approach the confirmational-bounce-support marked in my chart in blue within the 44300 Usd, this is pivotal support as also another support-reference-points meeting in this area such as the 100-EMA in red and the ascending-trend-line, therefore, Bitcoin has a high possibility to bounce in this zone and move on with the completion of the whole formation which will finally happen with a bounce above the neckline as it is marked in my chart, Bitcoin then will continue to reach the upper target-zone, when Bitcoin then manages to build up further bullishly there is a great potential given for Bitcoin increasing bullishness and finally breaking out also above the 51600 Usd area into the bullish-continuation-zone. These events show one more time how swiftly marked conditions can change into a much more volatile interface and that it is the best to appropriately prepare on such cases with the right entries at the right times as we have managed in our Elite VIP channels, in this manner it will be an interesting development for Bitcoin here further.
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!
"Good fortune is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the markets.
Welcome to this amazing update about Bitcoin and the 4-hour timeframe perspectives. In recent times we can see Bitcoin heavily increasing with bullish volatility in the structure to complete the triangle-formation and channel-breakout I mentioned in just the recent analysis, in this case, Bitcoin also already reached out to the targets, if you did not see this analysis already I highly recommend it to watch to have a good depth-overview. Now in recent times as the news for Bitcoin became increasingly bullish this massive bullish volatility showed up also in the price-action, we see an accelerated innovational development for Bitcoin in many technological fields such as important brokers like Robinhood adopting Bitcoin, Twitter adapting the Bitcoin Lightning Tipping Feature and the Fed declared that it is not looking to ban Bitcoin after which the price jump occurred. Therefore I discovered all the pivotal levels and upcoming determinations central here.
As when looking at my chart now we can watch there how Bitcoin directly pumped into the significant 47800 Usd resistance with the recent bullish price-move, this is a key resistance here and it is more likely that Bitcoin firstly pulls back from this area to move on with the right shoulder development of this major inverse head-and-shoulder-formation of which the left shoulder and the head already completed. Now when Bitcoin moves on with the right shoulder this will approach the confirmational-bounce-support marked in my chart in blue within the 44300 Usd, this is pivotal support as also another support-reference-points meeting in this area such as the 100-EMA in red and the ascending-trend-line, therefore, Bitcoin has a high possibility to bounce in this zone and move on with the completion of the whole formation which will finally happen with a bounce above the neckline as it is marked in my chart, Bitcoin then will continue to reach the upper target-zone, when Bitcoin then manages to build up further bullishly there is a great potential given for Bitcoin increasing bullishness and finally breaking out also above the 51600 Usd area into the bullish-continuation-zone. These events show one more time how swiftly marked conditions can change into a much more volatile interface and that it is the best to appropriately prepare on such cases with the right entries at the right times as we have managed in our Elite VIP channels, in this manner it will be an interesting development for Bitcoin here further.
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!
"Good fortune is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the markets.
Kommentar
Triangle-Formation Bullish-Breakout-Completion And Target-Reached As Expected: 
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