Here Is How BITCOINS Low-Volatiltiy Pitch Can Decrease In Case!

24 มิ.ย. 2020

Hello, Traders Investors And Community, welcome to this update-analysis where we are looking at the underlying fundamentals, technicals, and final conclusion I detected and currently developing in bitcoins price-structure, how they fit in the situation, and finally an important question what we can expect the next times from bitcoin and its cryptocurrency buddies. The last weeks we saw bitcoin consolidating below the important psychological 10.000 USD resistance where bitcoin provided historical low-volatility over more than 50-days now, by the way, it is really great to see that our elite channel subscribers making profits in the altcoin and bitcoin market also in such a low volatile period, if you want to know more about this you can message me here or in telegram. According to the low volatility such a period normally holds not on forever, it can hold on forever but this is not highly possible and as smart traders, we should always wage the highest possibilities in order to profit, therefore the logical consequence after such a period is a shift in volatility and a new paradigm in price, therefore, we look at the weekly timeframe.

Fundamentals:
The giant financial payment system PayPal has just launched a new announcement that it is going to sell 325 million users which is a giant step forward in achieving decentralized mass adoption and providing a shift in demand in the bitcoin and cryptocurrency network, as the markets reacted immediately after the announcement where the PayPal-stock increased in price after the announcement we can expect this to have a high impact on the cryptocurrency-space. The fact that more and bigger companies adopting the still new blockchain and cryptocurrency technology gives it an increasingly bullish edge at least it is providing more demand in this asset class which can spring over on the price action as well. Besides the positive events, we have the corona-virus-crisis still going on which can affect global markets in a heavy and fast way as we have seen it this year, therefore, a second way and possible new restrictions in this environment can lead to new fears in stock-markets which can have an effect on bitcoin and altcoins as well as I pointed out in recent-analysis whit the cyclicality or anticyclicality of bitcoin and the stock market.

Technicals:
On the technical side of things, bitcoin is still trading in this massive symmetrical triangle which is known as a formation that can confirm to the up or downside, furthermore, we have currently this long-lasting consolidation below the 10.000 USD level and the low volatility established, this can be a successful indication for a breakout sooner or later because such a low-volatile period normally don't last forever as already mentioned. The big question at the moment is if bitcoin can hold the current support here and break above the higher boundary of the triangle or fall back below and first cruising an honor-round to touch the lower boundary of the triangle, the bullish scenario will be confirmed when the lower boundary has taken out with high volatility sustainable and the bearish scenario when bitcoin confirms below the 20 and 50-EMA, both scenarios can be tradable when done right. But at the moment there are some other factors playing into a more bullish possibility which are the symmetrical triangles in the AO and CCI which are building almost identically to the huge symmetrical triangle bitcoin is building at the moment as bitcoin is consolidating above support and the indicators above the bullish levels there is a higher possibility besides the Fibonacci-bounce seen this year for a bullish breakout and continuation.

Conclusion
At the moment it is important than never before to keep patient and do not over speculate the situation and see it as it is, bitcoin is in a consolidation period, where it has to prove if it can hold this level or firstly breaks to the downside to visit lower levels, it is important to keep in mind that both scenarios are possible although the bullish scenario is slightly more likely right now we should be prepared on both scenarios to take the proper decisive action when a final confirmation sets in. I know many people just want to believe in the analysis and targets set in but this is a psychological trap happening too often these days and as smart-money never sleeps it is a fatal mistake to just trade what one is thinking and not what one is seeing coming to this point and adapting it to bitcoins current environment we can come to the conclusion that we can expect a big move coming up the next times which will show direction, when this has confirmed properly we can take the advantage and profit out of the upcoming volatility till then it is still possible to trade but the profits and direction is definitely more marginal as in a volatile environment.

In this manner, thank you, everybody, for watching, support for more market insight, and all the best.
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Information provided is only educational and should not be used to take action in the markets.