Bitcoin: I know this chart is awful, but it indicates somethingThe next movements that Bitcoin will do are bearish.
We can see the price action having place below all support from the indicators.
Personally, I will look for another entry @ $57.2k-$53k; why not accepting a discount when you have one?
Bitcoinbear
BTCUSD Wyckoff Mode Phoenix Ascending Indicator AnalysisLooking at a race beginning between the White Energy in the 90 minute and the Red RSI in the 3H.
What does that mean for the indicated price action?
Of course, nothing is guaranteed. Except that this is not Advice, merely educational study.
Even as I type this the price action has shot up to $47,200
Doesn't mean we shouldn't keep watching closely!
BTCUSD Short Term Bearish Move - $42K possible?If this Red RSI in the 90 minute closes below 50, then the white energy in the 90 minute needs to close above 50 before the Red RSI in the 3H closes below 50. Right now, with that angle of descent, that looks unlikely.
AND, if the 12H Green closes below 50, especially with the Red RSI heading down strong with it, we could see a Bearish move to the Yellow Basis Bollinger Band, near $42K
This is not trading advice.
Phoenix Ascending Indicator by @WyckoffMode - thanks to David for AAAALLLLLL the education he provides on this platform for free.
BTC/USD - Short - Bearish CrabAfter the first Crab and the upward wedge failed to confirm the trade, a slightly larger Crab appears ***Pokémon music intensifies***.
All previous ideas are listed below
So the idea is going short in the next few das for a couple of weeks probably.
We can enter the trade once we see any price action and/or indicators supporting going short.
Stop Loss and take profit levels listed in the chart.
*Warning*
We are in volatile times and Bitcoin has strong bullish momentum.
You should short this trade with high conviction only and manage it tightly if you do decide to go short.
Bitcoin bear market phase / October-NovemberHi, i always post a TA When i see a Big bear movement, see my previous post ^^
The situation is unclear, Moving side to side showing bullish or bearish momentum; For the last weeks we can see that clearly the volume has decreased, therefore a big corrective or bullish wave is incoming. For the last days the bulls tried to break the triangle formed HrHesistances in the 10800 level which had been rejected three time
SP500 Shows signs of bearish momentum too, and a big corrective wave incoming with election days inestability; coronavirus economical damage to the world.
Short Entry signal:
10650-10800 (Stop loss, very very tight/10860)
Target1: 9200
Target2: 8800
Target3: 8500 ( the 8800~8500 zone is the critical support for bitcoin to mantain a new refreshed bull wave formation)
Have fun :D
Bitcoin short to 9k and possibly below, Good RR ratio Strong rejections from 10k region with the minimum support levels decreasing.
The grip that bulls have on the situation is visibly weakening. Massive shooting star on the 3d, very rare to this kind of rejection not followed by a sharp price decrease.
Good risk to reward ratio, over 3:1. Targeting 8600 with stops placed around 10k.
Don't be fooled, Bitcoin starting multiyear Bear Mkt. 1-2kHey everyone,
Sorry I didn't update this post earlier. If you would like to go on my twitter page a link to my Tube channel is on there where you can see my prediction on why I believed Bitcoin is in a multi year bear market as of Last week.
For those who wish to only read this, it is very simple, we have lost a uptrending channel we had been moving in since 2013. This signifies a trend change and while it may not be straight down we may see a consolidation between 3-6k before breaking down lower and bottoming out soon. Not much to say here but my Twitter page has content updated constantly. The only way we become bullish again is if we regain the channel, but the sell off below the channel (from 8k-4k) is so significant that we have reason to believe this is the beginning of a multiyear bear market.
Bitcoin will go over 50k eventually. Just not yet.
BITCOIN Breaking point for a bull runSince the chart above mentioned the RSI 14 weekly showing signs of btc on a bull run or not..in a candle stick perspective we're already right exact at the resistance area of BTC and it will show either we have a retracement-pullback then go back up to a bull run. Or...this is alraedy the top and another correction dowanrds to $5,500ish. Call me repetitive but I have been saying since Novemeber BTC bottoming is possible already. Inline with January effect, halving and technical indicators showing up. BTC coming to a bull run this January is possible. Notice on the same China pump before there is a bearish divergence HTC present at MACD, RSI CCI. Now there's no bearish divergence at MACD only at RSI, CCI. It's possible this is just a retracement-pullback only.
Bitcoin catalyst bull run or not...Notice if BTC goes and finds support above RSI 14's 50-52 level. It says in the bull run regardless of bearish divergences which are irrelevant at uptrends. If it's below it, it's a bear run. We're now at the breaking point where BTC will either break above these levels and confirm a bull run...or not.
Bearish Bitcoin LOG Chart with Fitted CurvesDecember 26 2019
Fitted curves made to match the weekly time frame LOG VIEW of BTC Price. Bars Pattern grabbed from 2015 bear market and bottom.
Not my usual trading chart pattern, but it does provide an interesting perspective and potential price level zones to be aware of.
The full details of this long term bearish view of Bitcoin prices may be a trip down the rabbit hole - as, indeed, I cannot see the future and this is not intended as recommendation yaddayadda.
Visit www.youtube.com
BITCOIN: SHORT SHORT SHORT!Whats up traders?
In the last BTC idea we bought Bitcoin to the upside and made some good gains. I hope some of you guys got into it and made also profits!
Guess what? Now we selling it down. Buy low sell high you know?
With my analysis i think we can break the lows on BTC to the downside for a target under 7.800 USD.
Wishing you guys a great rest of the week and happy trading.
bitcoin BEAR market rally analysis- continuation playing devils advocate
*HYPOTHETICAL*
this one gives a better timeline analysis IF this is actually a bear market rally, and how + when bitcoin could will break out of the hypothetical bear market rally
this one is primarily so that i can save an idea without actually saving it.
welcome to criticism and debate
Supply and Demand Imbalances of BItCoinPrice has finally tested the strong untested Weekly and Daily Supply Zone. Percfect setup for counter trade with very small lot.Engulfing bearish candle at the Daily Supply zone indicates the significant imbalance. however, theres still a trendline holding the price supported by the Daily CP demand but it failed to take out the Supply zones .Hence it is more likely to be taken out by bearish pric emovement. if the price breach the Trendline and takes out this Daily Cp Demand, S?D rules states the downtrend is tarted, leading the price all the way to the origin of the bull move in Daily Chart.Thus all the way to Daily Demand. where i will Buy again
BTCUSD SHORT (Back to 4500$-4700$) THEN 6kWe can see that the RSI is overbought and in all of the bitcoin history there was a correction correlated with bollinger bands, rsi and momentum.
It s the perfect spot to get some profit and short bitcoin.
I recommend also to levrage this short if you want to get more profits.
Correction is on the way.
Pullback to 4500$ - 4700$ Then 6000$ (maybe in may)






















