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Bitcoincrash

BTC Bitcoin Review: March 2020 to NowHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD). The chart is self-explanatory. I am reviewing the Bitcoin price using Fibonacci Retracement from March 2020 to now. The price has the potential to get supported at the $30K range or $20K range if price falls. There is a CME gap around $18.5K-$19K to keep in mind. If price stays below $20K for multiple days, it's going to be concerning. Included in the chart: Trend line, Support and Resistance Lines, RSI, MFI (Money Flow Index), Fibonacci Retracement, Volume. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. I have a bunch of additional recent charts below on cryptocurrencies to review. Check them out! Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
COINBASE:BTCUSD
by MillionaireEconomics
6
BITCOIN: Here's What You Need To KnowBelieve the chart above is very much self-explanatory Bitcoin in trapped within a channel and nearing it's apex with an eventual price target of at least 30-27k which coincides with our horizontal support & area of interest and could also play out as a triple bottom which i think is more likely tbh. Should we fail to hold that then 24.7k could be a possible reversal zone. Worst case scenario 20k for 1 Bitcoin. No I dont see bitcoin going below 20k and doesn't seem logical to me. If you agree leave a like and share your thoughts and ideas in the comments.
BITSTAMP:BTCUSD
by RektMyMom
BITCOIN - Short idea - Inverse Cu and Handle TRADE ALERT: BITCOIN IDEA: SELL (GO SHORT) Would you BUY or SELL and WHY? PRICE ACTION: (BREAKOUT of an Inverse Cup and Handle into a downtrend (bear market) 1st Price Target = $20,000 TIME FRAME: DAILY FUNDAMENTALS: Omicron variant has spooked the market at the time Bitcoin fell. But we’ve seen major selling volume from investors, institutions and traders out of financial and crypto markets. BITCOIN FLASH CRASH Basically, we saw Bitcoin’s price drop in a matter of hours by more than $16,000. That was in one day. This flash crash has created lingering effects of uncertainty, fear and high volatility in the market… And because, it happened once, it can happen again. Here’s where it gets interesting. Even though crypto has a market cap of $1.9 trillion (which was $3 trillion in November 2021), it is still considered quite illiquid compared to US stocks which have a market cap of around $50 trillion. **DO YOU AGREE with the analysis? **
Short
by timonrosso87
Bitcoin & alt coins crashing! $32k btc…Bitcoin & alt coins crashing! $32k btc… COINBASE:BTCUSD Looking back to 2011 I have charted this bellow, which makes me believe 32 will be the bottom. Follow the red arrows and black dashed line down to the rsi. Realise the oversold area (blue line at the bottom of the blue box) and the upside which follows after. This is one of my major key reasons which btc can not drop under 32k. Also note the thicker blue horizontal lines which mark the all time highs at 1.1k - 19.9k, then see the 85% drop. Bitcoin has never closed a bull run under the previous all time high. Example, the run from 1.1 to 19.9k closed around 3.2k. For the current cycle, 19.9k is a key area here and for bitcoin to close its 85% drop from the all time high would need a new all time high of around 115.8k. This historical 85% drop would close the bull run above the previous 2017 all time high of 19.9k. However, if btc is closing 85% down from the most recent 70k ath, this would close around 13.6k, which btc has never done before. This makes me believe 70k was not the top and btc still has more to run in this cycle. Another observation to note is the orange curve line. This cycle has not closed that curve, it has followed around 3/4 of the curve. With that said, my pt of 115k before a bear market could be invalidated if btc continues up the curve to 559k. Also, note when the price dropped below the orange curve it then continued up the curve to 19.9k in 2017. Btc has just dropped under the curve… The long trend brought up from 2017 (black diagonal line). I’ve charted out the current down trend to 32k, which would be oversold kn the rsi. Now follow that 32k down the black dotted vertical line to the rsi. The rsi trend also ends oversold where the black line is charted. So around February time could see the bottom. With that said, this was charted at 38k btc and the price has dropped a lot quicker than that time. Regardless of date, the oversold area of 32k is a key area for me. However, if 32k continues down I would begin to worry about bitcoin as historically it has dropped to far under that black trend line. Which may suggest a bull run close lower than the previous 19.9k high. With all of that said and out of the way. Bitcoin has had a much wider & faster adoption rate in this cycle. You have JP Morgan & Goldman Sachs bullish on the Bitcoin future. Institutional adoption is still in the early stages. El Salvador has adopted the currency and continues to but the dip, on the most recent dip they acquired another $15m of Bitcoin. Micheal Saylor the CEO of software intelligence company MicroStrategy reportedly said he owns over 17,000 BTC. MicroStrategy CEO Michael Saylor reportedly owns at least 17,732 bitcoin. Saylor's bitcoin holdings are worth about $866. MicroStrategy's total Bitcoin holdings to 121,044 on expenditures of $3.57 billion. Based on the average purchase price of its portfolio, approximately $29,534 per Bitcoin, the company has unrealized gains of nearly $3.4 billion on its cryptocurrency holdings. 2 days ago — Even after Bitcoin's recent 40% slide, Michael Saylor says he'll never back down on pushing MicroStrategy Inc.'s multibillion bet on the currency. The positive adoption list goes on far more than the negative. In all leading to my own bullish opinion on the crypto market not being shook. To also mention, the stock market is having a nice correction. With the Nasdaq closing yesterday around 13% down from its high. Crypto seems to have also followed the correction, but with that said, crypto had already began dropping 1 month prior to the stock market. If there is any correlation here and the stock market correction is around the avg 10-15% the bottom could be in soon. Which would line btc up with that 33k price target. What is your move now? Selling or waiting for a price target dip to add to your position? I’am not an expert or in no way giving this as financial advice. It is purely my personal opinion of my outlook on the market. #bitcoin #cryptocurrency #bitcoincrash #stockmarketcorrection
BITSTAMP:BTCUSDLong
by Vision_Invest
Bitcoin Crash Setup: Direct Crash or Bounce First?Bitcoin (BTCUSD) has now OFFICIALLY invalidated the bullish PURPLE setup that I covered which had us seeing a nested 1-2,i-ii setup in both BTC and ETH. This pullback is such a strong signal, that I have shifted to the RED bearish pattern as my PRIMARY! This pattern calls for a continuation of the pullback that started after our April 2021 top all the way down into the 20k range! GREEN is my bullish alternate pattern. In Elliott Wave Theory, there is no stronger sign of a major impending trend reversal than seeing a 5-wave impulse break the price down through support. And that's exactly what we have seen in Bitcoin (and Ethereum)! We have a 5-wave impulse down that has broken below the major support at 39,600. While I expect a sharp 2nd wave bounce before the final drop, the GREEN pattern is NOT fully dead! If see a 5-wave impulse up and 3-wave pullback and the price exceeds our ATH, then the it is the RED pattern that is dead! The RED alt pattern sees the entire rally from summer into November of 2021 as having been an ABC corrective B-wave rally, or a fake-out. That would make the next movement a ferocious C-wave crash down. As C-waves are always 5-wave patterns, we would look for an impulsive 5-wave movement downwards as the 1st subwave of this larger C-wave. And it appears that we more or less have that in place now in BTC and ETH! From our Nov 10th top to right now, we can easily count a 5-wave impulsive drop that seems to fit appropriate Fibonacci targets. If this really is Wave-1 down of our larger C-wave down, expect a big Wave-2 bounce up to nearly 60k before the final drop begins. This would take the form of a 3-wave zigzag up and offer us a "gentleman's exit" to unload any holdings in preparation for the ensuing crash. However, there is a small chance that we don't get the bounce; if we break below the 32.7k - 35.9k region directly, I'm exiting my positions! That may be an indication that the 3rd wave down of the larger C-wave has already begun! In summary, don't panic, but please do have your exit strategy prepared in case things turn bearish! Know when you will sell or IF you plan to sell. If you plan to 'hodl', then commit to it! There is a small chance that we have a 5-wave impulse take us right up through our 68k ATH, which would immediately kill the RED pattern, but until we see that, stay on your toes! Check out my explainer videos on YT! I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels. #bitcoin #cryptocurrency #blockchain #crypto
BITSTAMP:BTCUSD
by Critique-al-Thinker
1
BTCUSD: And another bad news for bears: buy the dip!Hello my friends! This post is for all the fearful who have not yet been in the market in 2017. Corrections of this kind in the bull cycle are quite normal from my point of view. I still see us on track. I have analyzed the situation with the Trend-Based Fib Extension and also with the "normal" Fibs. In all cycles we could come to a similar result: the first top was at 1,618 and the main top was at 2.36. If we compare "normal" Fib with Trend-Based Fib Extension, we would reach the top at 3,618. Exactly at the same point. One more remark, even if we only reach the 1 at Trend-Based Fib Extension, that would be at 90K and the 1,414 would be at my minimum top of around 115K. As a Hodler who buys Bitcoins and does not sell them, I am still quite relaxed about this move. The main resistance at 39.5K has held. Thus, this could be a roughly -40% move like 2017. Next week it can go straight up again. Lets see. Lets cross our fingers! ;-) -- Let's see what happens. Happy trading. :-) BTCINVESTING -- My Post from Jun7: "BTCUSD: Another bad news for bears!" My Post Apr 15, 2019 (2 year ago!). I was one of the first btw. ;-)
INDEX:BTCUSDLong
by BTCINVESTING
115
More bad news for BitcoinElliott Wave Bitcoin analysis: Unfortunately more bad news for crypto holders I recognised the Impulse wave down. We are in Wave 5 down. Trend Based Fib Extension finding support 1.618 at $ 33, 700 possibly even going down to &30,300 previous support level from 21 July 2021. Disclaimer My content is intended to be used and must be used for informational purposes only.Do your own analysis before making an investment based on your own personal circumstances.
BITSTAMP:BTCUSDShort
by WavesInvesting
Anatomy of a Crypto Crash: How to Exit Bitcoin GracefullyBitcoin (BTCUSD) has all but invalidated the most bullish PURPLE setup that was discussed in our last update that had us looking at a nested 1-2,i-ii setup in both BTC and ETH. While officially, that would mean that we are in the GREEN alt pattern (not shown) which calls for an ending diagonal up for our final 5th wave, the RED alt pattern has become SIGNIFICANTLY more likely! This pattern calls for a continuation of the pullback that started after our April 2021 top all the way down into the 20k range! The RED alt pattern sees the entire rally from summer into November of 2021 as having been an ABC corrective B-wave rally, or a fake-out. That would make the next movement a ferocious C-wave crash down. As C-waves are always 5-wave patterns, we would look for an impulsive 5-wave movement downwards as the 1st subwave of this larger C-wave. And it appears that we more or less have that in place now in BTC and ETH! How to Make a Graceful Exit: From our Nov 10th top to right now, we can easily count a 5-wave impulsive drop that seems to fit appropriate Fibonacci targets. If this really is Wave-1 down of our larger C-wave down, expect a big Wave-2 bounce up to nearly 60k before the final drop begins. This would take the form of a 3-wave zigzag up and offer us a "gentleman's exit" to unload any holdings in preparation for the ensuing crash. However, there is a small chance that we don't get the bounce; if we break below the 32.7k - 35.9k region directly, I'm exiting my positions! That may be an indication that the 3rd wave down of the larger C-wave has already begun! In summary, don't panic, but please do have your exit strategy prepared in case things turn bearish! Know when you will sell or IF you plan to sell. If you plan to 'hodl', then commit to it! There is a small chance that we have a 5-wave impulse take us right up through our 68k ATH, which would immediately kill the RED pattern, but until we see that, stay on your toes! (I'll be publishing a similar analysis on Ethereum as well soon!) Check out my explainer video on YT! I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels. #bitcoin #cryptocurrency #blockchain #crypto
BITSTAMP:BTCUSD
by Critique-al-Thinker
BTC/USDT Not looking greatCurrently Bitcoin is currently below trending support and now forming what looks to be a bearish channel. I do not have much faith it will break out in the near future. Although BTC has fooled us and pumped before, I am just not sure it will this time. It looks like BTC is rebounding from its most recent dump and can soon hit resistance and fall again. I am preparing you for major volatility, it is important that you use this to your advantage and save potential losses.
Short
by UnknownUnicorn28488832
2
BTC bottomHello everybody, If you haven't watched it yet, I suggest you watch the stream I have released 4 h ago on BTC and the market condition. This is a quick recap. Since my video yesterday explaining why I thought this was the bottom, BTC had a great reaction to the 5-month uptrend support. I know some of you may be salty because I was calling the bottom between 55500 and 58k. However, unfortunately, unexpected events cannot be predicted, not with TA, AI or anything else. Nobody could expect a new variant would be discovered. Hence the drop of the 26th November. BTC looks strong and healthy. It has printed a tower bottom pattern on the 4h (ellipse). Finally, we have seen some good volume picking up on support, suggesting that investors are scooping up BTC at cheap prices. As you can appreciate, I have updated here the Elliott Wave analysis. BTC is now completing an EW triangle after the classic wave E marking exhaustion from the seller and with a complete shift of sentiment into bearishness contemplating lower prices (wrongly)...masses are always wrong at the extremes hence the saltiness. BTC is oversold in all the timeframe up to the daily suggesting trend continuation (uptrend). The Stoch RSI on the weekly is in the process of resetting after this last dip (bullish). It is wise to wait for a complete breakout of the descending wedge to start being completely bullish and clear the area between 58-61 k area, which has a confluence of resistances. Nevertheless, personally, I am now eying 66500 for BTC, where I will expect one last small retracement before breaking 70k for a new all-time high. Check out my previous stream for a complete analysis of BTC with many insights. FOLLOW ME, SHARE, LIKE AND COMMENT
Long
by CFcryptoTA
25th Sep 2021: Bitcoin On The Road to $19,260It is Q4. Q4 momentum is the year end momentum. After Bitcoin did the 2nd ATL, we all already know that this Q4 and next year will not the the favour for Bitcoin. We still losing momentum from the China mining market although Europe and US country has already toped up their hashrate to cover the temporary process decline. But it is not enough. We all know that this mining process is the stimulus injection. Elon and Microstrategy trading planned their crypto strategy wisely after all the hype from the past quarter. I am predicting Bitcoin will going to $15K trajectory and although $15K-$20K, is the best intrinsic value after all the collective year. We are losing power. While other sector has planned their agenda to withdraw their bitcoin fund. They need a documentation, report and news. They will create a news which we will think that this is the result of the news itself. The whales being in control over their fund and we should follow their recent news since they are the market momentum. We are still looking for the Soros comes in play for the playa. I am pretty sure he will not coming very soon. He just looking the right moment and momentum to pump and dump. We are seeing the crypto is just a gameplay for their money chess trading. The all time holder we seeing liquidated. They know something that we do not know. All the market mood being in consolidated. Either in gold. Dow Jones just crashed. The mood for the market is not happy with the currency last quarter of the 2021. While all the small player market has demanding their rewards perhaps not in a good time. Semiconductor industry also has been in despair due to not enough silicon chips to produce a GPU and asic mining and for other electronic car parts. Im not seeing crypto will be blast to the $100k very soon enough since it need more energy and processing of electronic. Everyday we are seeing many altcoins created daily. This also has been dragged and reducing the bitcoin momentum power for domination. The player has now not in the favour for bitcoin since their seeing altcoins in the pump and dump scheme by finding and collecting the momentum coins/token. But lots of player also has being in wrong turn favour after their altcoins stucked not pumping again. Being in crypto industry for the century of 2021, we being seeing the news on 'THE RISE OF HACKER' For internet industry and energy consumption, this is the biggest tread to the world of cryptocurrency. Greed and fear index has been reducing to fear as the HOPE momentum not in the favour for the long term holder. The hope after the crash erased the trust in the cryptocurrency recently. Despite that, I am seeing the Bitcoin will drop to the $19,260 if not worst to the $15,000 trajectory signal. Zezu Zaza 2048
Short
by Zezu_Zaza
4
Bitcoin crashed.!!!!! The bull Market support band should hold.Hello Traders, It was quite a shock yesterday but you shouldn't have been worried if you are following my chart properly. As for those who are new trust me, believe me when i tell you something important that no one would. You don't have to fear anything. Don't get scared of this slight pullback. Look at the bright side you weren't fallen from $64k but just mere $52k with 20% correction. Absolutely normal. You could have easily recovered the profits if you had a backup money which you should always have regardless of the bull or bear run. So now arises an important question. Where to from here????????? Fundamental Analysis : If history has been any indication then we are right on track and we must carry our journey forward. But you have to know its september. Crazy things must happen this month and we have got three major dates for you. !. On 13th-14th september depending on your timezone we have CPI data coming. A very important if you must know. (April 15) A high CPI is good because crypto loves inflation 2. On 21st-22nd september we have annual meeting of FED's. Some say we might get an idea about taper from there. If taper happens this year then you cant stop this rocket from going to the moon 3. We also should mark those dates when options are expiring. One such is on september 21 and one on last week of september. Do keep that in mind. Technical analysis : 1. Charts are looking bad tbh but we have good news. No new shorts right now. 2. Fear is back in the market which is good opportunity to fill your bags. 3. Now we must hold bull market support band around 42-43k if we don't then maybe bears smell blood and will attack right away. Even i will join their party XD 4. 42.5k, 36k, 35k 31k, some major resistance to watch out if we break to downside. Or at the end we all are in a bull trap in the mercy of institutions, financial cartel, big banks, IMF etc Till then do not trade. Just accumulate with no leverage Happy trading my bears and bulls Regards Dante. An artist of crypto.!!!
BITSTAMP:BTCUSD
by desmondmilesdante
3
My Predictions For BitcoinHello, everybody! My name's Hank I am 11 years old and training myself about stocks. Anyway, I know you might think I'm an idiot but, I have seen why Bitcoin crashed, and why its gaining. Now, I watch a lot of news and read many articles about stocks, bills being passed, jobs being made, ect. The reason Bitcoin fell a couple days ago is because of 2 things. 1. The New Variant of. DUN DUN DUN COVID-19 OH NO, Oh brother, not this again. If you are experienced then you probably know what new mutants of the covid-19 like this one do to the economy. If your new then I'll explain. New variants of covid scare people from buying things in the market. Not sure why they sell instead of buying, but whatever. 2. This President. I'm sure you all know "The Man" that runs the country. He ruined our economy. That's all I'm gonna say.
BITSTAMP:BTCUSDShort
by Ag3ntH47
20