VincePrince

Bitcoin Confirmed Above Key-Level And Entering Re-Accumulation!

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hello Traders Investors And Community, welcome to this update-analysis where we are looking at cryptocurrency with bitcoin , the recent confirmations, the current price-structure, the importance of the re-accumulation phase happening and potential of a cryptocurrency which really caught my attention with huge potential in the next times. The Triangular-Cluster I mentioned in the previous analysis now confirmed successfully above the upper boundary while bitcoin held the 50-EMA which was a strong sign for the breakout which now occurred properly. Recently bitcoin ran into resistance which is normal after such a heavy upmove and now provides a pull-back where it will highly likely enter a re-accumulation since the breakout happened on the bullish side, while bitcoin confirmed this overall bullish environment there is another project I found with huge upside potential as the fundamentals are strong therefore we look at the weekly chart.

Re-Accumulation And Further Opportunities:
As you can watch in my chart bitcoin just clearly and strongly confirmed above the falling upper boundary with a decisive and healthy upside move which was the needed confirmation in order for further continuation ahead, while the huge resistance between 9500-10.000 USD has been taken out it is support now and highly possible to confirm and hold when the price visits in this area, this will be a place where institutions and people will re-accumulation to profit of further growth. When the price visits the area between 9000-9800 it is highly likely to confirm the upper boundary of the triangle and the 60-EMA you can watch marked in red as this level is attractive for buyers. When this happens it is important to hold this level and do not fall below it and into the channel again because this can increase bearishness but when it hold properly and re-accumulation taking place there is huge potential to move upsides and test established highs as marked.

Gem With Huge Potential In Cryptocurrency Market - Nash Exchange:
What caught my attention recently is a good opportunity to participate in an operable exchange that is offering non-custodial BTC trading, it is called Nash Exchange and has solid growth potential with strong fundamentals, the exchange was already mentioned by forbes, nasdaq and other weighty articles. The exchange is offering great safety of funds, as you do not trade out of your exchange account, but your private wallet (and no one but you has your private keys, not even the exchange). No one can touch your currency in this way. What is highly interesting, is the tokenomics, their nex token is registered as a security offering staking within a staking pool, sharing 75% revenue fees trading fees. It means you receive the fees not in their own token, but in whatever currency the trade took place. If the actual trading fees on the exchanges were mostly generated by trading BTC against USD, you will receive the fee in those currencies proportionally.

Overall bitcoin and cryptos providing a more bullish than bearish environment currently when this happens to hold on and we do not get any stronger bearish signs which can invalidate it, there is definitely potentially given to the upside and the next times will show the good projects like nash exchange growing together as there is a strong fundamental base given which can succeed in destiny. As I pointed out in the previous analysis it was from high importance that bitcoin takes out this resistance to confirm further which it has done now before it happened bitcoin was still in an unconfirmed state but this confirmation now happened really strong and it will be highly interesting how bitcoin and cryptocurrency will develop further the next times especially in the volatility and individual projects can lie good opportunities to trade and handle with appropriation.

In this manner, thank you for watching, support for more market insight and have a good day!
Trading effectively is about accessing possibilities, not certainties.

Information provided is only educational and should not be used to take action in the markets.
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Comments

Masterpiece 👍👍👍
+1 Reply
@gbesen, Thanks for your great comment friend
+1 Reply
@gbesen, Appreciate it much
+1 Reply
@gbesen, Have a good day and keep it up. Greetings.
+1 Reply
Hi,

Let me know, what you think...

+1 Reply
VincePrince PawelHodurek
@PawelHodurek, Hi my friend, thanks for sharing your thoughts
+1 Reply
VincePrince PawelHodurek
@PawelHodurek, Looks like a logical point of view, keep it up.
+1 Reply
PawelHodurek VincePrince
@VincePrince, I stopped thinking about the U.S. Dollar and other FIAT currencies as a true money... If there is a possibility to use Gold to compare Bitcoin and other cryptos, I do this...

If you would try to see, usig XAU/BTC inverted (BTC/XAU), you would see Head-&-Shoulders pattern that everybody expected coparing to U.S. Dollar... ;-)
Reply
VincePrince PawelHodurek
@PawelHodurek, There are much better alternatives in today's world, it will get to this point sooner or later...

This is mastermind! ;)
Reply
Nice work buddy. The CME gap is at around 96k so it looks like it will fill the gap soon.
+1 Reply
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