Bitcoin, One Year Moved And These Are The Developed Objections!

Hi my friends,

Welcome to this update-analysis about Bitcoin, we are looking at the weekly timeframe perspective. The year 2020 is coming to an end and Bitocin gone true many ups and downs this year caused by the corona crisis developing high volatility in almost all global financial markets so also in cryptocurrency, these events just increased the volatility within this already high volatile market and as traders, it is important that we anticipate such events to act accordingly and also take the advantage of opportunities arising and it is really good to watch that we have achieved this within the year 2020. Besides that Bitcoin has managed to complete this major cup-handle-formation that I mentioned with new Year's eve of this year and the 2020 projection.

When looking at my chart we can watch there Bitcoin now moved above the neckline of the massive cup-handle-formation and closed there, the next times we can expect a pullback to the neckline taking place and validating it before moving on with the pace it established here, these events making the target-zone seen in my chart a realistic zone to be reached and that also in 2021, therefore, you can watch the time and price projection marked in my chart, it will be interesting how Bitcoin will react when fulfilling these projections and if there comes a major change after these have fulfilled. Currently, this scenario is the highest likely one, there is however a small possibility that this invalidates when Bitcoin moves below the 15-EMA marked in green for example however this is at the moment a quite marginal possibility and it is within a higher likelihood that Bitcoin stays above the range.

2020 was a very volatile year especially within almost all global financial markets, we have seen historical movements never seen before, highly downside volatility, and fast recovery after it, in such circumstances it is important to keep calm and examine each individual situation as it is to do not overspeculate the market as this is happening to often these times, this is necessary to finally move into the right direction trading within the market and it is really good to watch that we have realized this in a consistent and adequate manner. With Bitcoin we have seen this huge cup-and-handle-formation detected in the beginning of this year now finally completing which gives a good indication for further developments and it will be an interesting journey upcoming.

In this manner, thank you for watching the analysis, have a good Happy New Year's Eve, many thanks for all people supporting this year, all the best!
"Prospect is the ingredient of good fortune."

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

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Origin-Analysis Beginning Of 2020: