Bitcoin Above 50.000 USD-Mark, Historical Paradigm Will Follow!

2021年2月17日

Hi my friends,

Welcome to this update-analysis about Bitcoin in which we are looking at the 4-hour timeframe perspective. As mentioned in the former analysis the bounce from the confirmational-zone was likely and when Bitcoin managed to bounce from there this can lead to the close above the 50.000 USD which is what happened now and in the conclusion also the breakout above the upper boundary which has a solid possibility now. In sophisticated trading, it is always of inevitably high importance to wait for the right confirmations and validations before finally going in the right direction either way it is just speculation. For Bitcoin now I detected the important levels and further ways of destiny we should consider.

Structural Developments:
As when looking at the updated chart now we can watch there how Bitcoin now rightly bounced from the confirmational-bounce-zone in blue and after that closed above the 50.000 USD-mark which was highly necessary for Bitcoin to show up with. As Bitcoin now is above the equilibrium-range there is good potential given that it stabilizes further here and builds up to form the breakout above the upper-boundary as it is seen within my chart, when this happens it will activate the middle-term-target-zone marked in my chart within the red level and when Bitcoin reaches these zones the situation needs to be elevated anew and if Bitcoin manages to continue further bullishly or firstly forms a reversal visiting lower levels.

Upcoming Considerations:
Taking these factors into consideration it is important for Bitcoin now to show up with the final confirmation above the boundary. This shows one more time how technical analysis can function these days when applied right regardless of what academics is stating so often that it is all just a random walk, of course, it is necessary to come to the right conclusions to really trade with is happening and now what to think is happening into a wish-direction, especially in these times as market makers and smart money operators are increasing within such markets. It was great to see our channel moving in the right direction and enter the market in the right places before the bullish volatilities shown up, it will be shown how the situations develop further.

In this manner, thank you for watching the analysis, many thanks for everybody supporting, have a good time and trading, all the best!
"The high destiny of the market is to explicate, rather than to speculate."

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

2021年2月17日

註釋

Origin-Analysis: