BTC, MACD-Divergence And H-L-Structure Indicate Key-Protraction!

Hi,

Welcome to this analysis about Bitcoin, we are looking at the daily timeframe perspectives. Since a more or less long time Bitcoin is in a phase where it searches a trend in the proper determined direction, in such situations it is necessary to do not just into trades because that is barely satisfying when it is not done on the more local timeframes and in a less big frame. Now as Bitcoins contraction goes on I discovered some very interesting signs that can alter the dynamic into a more major volatile move that will approve further directions, therefore it is necessary to assess which direction has the higher possibility this means also keeping the reverse perspective in the watch.

High-Low-Structure And Hidden Bullish Divergence:
The main ascending-channel-formation Bitcoin is trading in that is marked in my chart by the dashed black trendlines has an important structure within because Bitcoin over the last weeks and months formed this volatile structure in which it marked several higher highs and higher lows in the schedule, such a structure is normally indicating a higher high to establish again after the next lower high formed. Additionally, Bitcoin has a coherent MACD structure underlining this pre assumption as the MACD is forming lower lows together with the high-low-structure by Bitcoins price-action this is marking a hidden bullish divergence that can indicate the volatile move upcoming to establish bullishly.

Important Scenarios And Upcoming Perspectives:
With Bitcoins established structures, there is a good possibility given that a major breakout will happen sooner or later as Bitcoin shows up with these abilities therefore when Bitcoin finally manages to break out above the local descending-resistance-line into the breakout range marked in green in my chart this will be the confirmation for the next bullish continuations and the next higher high to develop in the schedule. Therefore it is necessary that Bitcoin does not show up with increased exceptionally high bearish pressure which can invalidate these conclusions. For now, it will be important to elevate how Bitcoin shows up with potential volatility and how the breakout can primarily emerge, it will be an interesting development.

In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
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Information provided is only educational and should not be used to take action in the market.