Bitcoin, Fully Emerged With Wave-Development, Objections!
Updated
Hi my friends,
Welcome to this update-analysis about Bitcoin on the 2-days timeframe perspective. We are looking at the recent events, the established formational structure, and what we can expect in the upcoming times. Bitcoin the last year has shown up with historical price-actions it has never developed before managing a great continuation growth after the corona-virus bearish breakdowns pushed the price extremely to the downside Bitcoin managed to recover although in the volatile manner as it was seen already in the past, this volatility can be fuel for sophisticated trading when it is done right as we have managed to do so in the channel, now I discovered the further important signs we should consider with Bitcoin and its destinies.
Structural Developments:
As when looking at my chart we can watch there how Bitcoin just rightly managed to bounce within the major 15-EMA marked in green which is also matching with the lower boundary of the third steeper ascending-channel, these zones became the great origin of the wave E to develop which fully emerged now as expected and moving to the further objections. As Bitcoin now also established the new highs above the 50.000 USD mark this gives an additional bullish edge and therefore Bitcoin is likely to continue its way and with the developments of the wave E that will run directly into the main channel-breakout-target-zone marked in red in my chart where the potential short-entries are given.
Upcoming Determinations:
Taking all these factors into consideration Bitcoin has now established great paradigms that have possibilities to continue bullishly further when the price-actions as suggested follow up nevertheless it has to be noted that Bitcoin is within highly overbought conditions in which it can also reverse more faster than expected, especially when Bitcoin approaches the targets this can happen mainly more increasingly faster, therefore it is of utmost importance to also do not underestimate the bearish side of things as such a reversal will come sooner or later within the cryptocurrency market which is the most volatile in the global financial markets we need to be prepared on such changes in direction to handle them appropriately.
In this manner, thank you for watching the analysis and for everybody supporting it is great contentment, have a good day and trading!
"Good luck is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the markets.
Welcome to this update-analysis about Bitcoin on the 2-days timeframe perspective. We are looking at the recent events, the established formational structure, and what we can expect in the upcoming times. Bitcoin the last year has shown up with historical price-actions it has never developed before managing a great continuation growth after the corona-virus bearish breakdowns pushed the price extremely to the downside Bitcoin managed to recover although in the volatile manner as it was seen already in the past, this volatility can be fuel for sophisticated trading when it is done right as we have managed to do so in the channel, now I discovered the further important signs we should consider with Bitcoin and its destinies.
Structural Developments:
As when looking at my chart we can watch there how Bitcoin just rightly managed to bounce within the major 15-EMA marked in green which is also matching with the lower boundary of the third steeper ascending-channel, these zones became the great origin of the wave E to develop which fully emerged now as expected and moving to the further objections. As Bitcoin now also established the new highs above the 50.000 USD mark this gives an additional bullish edge and therefore Bitcoin is likely to continue its way and with the developments of the wave E that will run directly into the main channel-breakout-target-zone marked in red in my chart where the potential short-entries are given.
Upcoming Determinations:
Taking all these factors into consideration Bitcoin has now established great paradigms that have possibilities to continue bullishly further when the price-actions as suggested follow up nevertheless it has to be noted that Bitcoin is within highly overbought conditions in which it can also reverse more faster than expected, especially when Bitcoin approaches the targets this can happen mainly more increasingly faster, therefore it is of utmost importance to also do not underestimate the bearish side of things as such a reversal will come sooner or later within the cryptocurrency market which is the most volatile in the global financial markets we need to be prepared on such changes in direction to handle them appropriately.
In this manner, thank you for watching the analysis and for everybody supporting it is great contentment, have a good day and trading!
"Good luck is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the markets.
Note
Origin-Analysis: 
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