Hello,
Welcome to this analysis about Bitcoin and the 12-hour timeframe perspectives. In recent times Bitcoin developed a highly decisive structure in which it increased with volatility moves in the whole development and is now as I discovered is forming a highly decisive formation that will lie ground for the upcoming determinations in a profound manner. We have seen a lot of mixed news within recent times from Bitcoin-ETFs getting final approval by authorities which are more bullish signs to regulatory pressure that keeps accelerating which are more bearish signs, in this case now it is highly necessary to also look at the technical side of things and to derive the appropriate determinations of it which I am doing now in this analysis.
As when looking at my chart now we can watch there how Bitcoin is building this massive ascending-broadening-wedge-formation with the boundaries marked in black and the coherent wave-count within the formation which already completed the waves A to C in the structure, the next wave D is now about to complete and when this wave has been completed within the lower-boundary of the broadening-wedge-formation there is a high possibility given that Bitcoin shows up with the wave-E from this point which will be marked when Bitcoin appropriately bounces within the lower-boundary and the 200-EMA lying there marked in red, once this final wave-E has emerged it will be decisive on how it continues from thereon.
Taking these factors into the consideration with the expected wave-E to emerge and to finalize the whole wave-count will be determined on how Bitcoin continues with the wave-E and how it manages to break out above the upper-boundary of the wedge-formation, when this breakout happens with a strong bullish move and Bitcoin manages to stay above the upper-boundary it will show the final setup for further continuations and the setup for a wave-E-extension to the upside, when all these great developments happen Bitcoin will activate the upper-target-zone marked in blue as a target and once this zone has been reached the situation needs to be elevated anew, it will be an important development ahead.
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 analysis about Bitcoin and the 12-hour timeframe perspectives. In recent times Bitcoin developed a highly decisive structure in which it increased with volatility moves in the whole development and is now as I discovered is forming a highly decisive formation that will lie ground for the upcoming determinations in a profound manner. We have seen a lot of mixed news within recent times from Bitcoin-ETFs getting final approval by authorities which are more bullish signs to regulatory pressure that keeps accelerating which are more bearish signs, in this case now it is highly necessary to also look at the technical side of things and to derive the appropriate determinations of it which I am doing now in this analysis.
As when looking at my chart now we can watch there how Bitcoin is building this massive ascending-broadening-wedge-formation with the boundaries marked in black and the coherent wave-count within the formation which already completed the waves A to C in the structure, the next wave D is now about to complete and when this wave has been completed within the lower-boundary of the broadening-wedge-formation there is a high possibility given that Bitcoin shows up with the wave-E from this point which will be marked when Bitcoin appropriately bounces within the lower-boundary and the 200-EMA lying there marked in red, once this final wave-E has emerged it will be decisive on how it continues from thereon.
Taking these factors into the consideration with the expected wave-E to emerge and to finalize the whole wave-count will be determined on how Bitcoin continues with the wave-E and how it manages to break out above the upper-boundary of the wedge-formation, when this breakout happens with a strong bullish move and Bitcoin manages to stay above the upper-boundary it will show the final setup for further continuations and the setup for a wave-E-extension to the upside, when all these great developments happen Bitcoin will activate the upper-target-zone marked in blue as a target and once this zone has been reached the situation needs to be elevated anew, it will be an important development ahead.
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.
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