Dalin_anderson
Short

SHORT Short term bearish move in Bitcoin

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I see bitcoin             dropping to around 2k and possibly lower, saw a good setup so I thought I would share with you guys. This is in a bull trap right now and needs to test support it also has a very good risk to reward for shorting. If you own bitcoin             it might be smart to take some profits and cash into something else (altcoins - fiat ) . another good buy opportunity will arise 5.04% at some point here soon but for now we didn't have enough upward momentum to make the bullish move to 5k. I will keep you guys updates! let me know if you have any questions in the comments below. Thank you!
Comment: https://www.coinigy.com/s/i/595012fff094a/ Here is my analysis of BTC as far as the whole move is concerned.
Comment: Headed the right direction so far.
Comment:
Comment: Made my stop loss at break even
Where are you legend? What's the floor
Reply
surely this downtrend hasen't ended??
Reply
Still on course for 1900?
Reply
Fiat is king, if bitcoin dies then that means the blockchain technology has failed
Reply
@Ravness, I think scared BIG Bank just make some media storm, nothing more... cozz BTC price not 3000, but 2500-2700 come back in max month
Reply
Ravness shadowforworld
@shadowforworld, I blame segwit2x, but yeah in my chart it went double top so I was optimistic it wasn't gonna break down under 2400 but it did
Reply
@Ravness, yes yes... this one "problem" with 2MB block in media blow-up to armageddon scale))
Reply
Ravness shadowforworld
@shadowforworld, wasn't the deciding factor, but did play a part
Reply
or is just that there wasn't enough bullish momentum?
Reply
any reasons to this move down do you think it is due to the bill that they want to push forward in US congress to make bitcoin illegal??
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out