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Bitcoincrash

BTCUSD HUGE BEAR PENNANT BTCUSD is situated into this bearish pennant from 26 november 2018 until today and it most likely in late this month or february we will have a huge,massive and fast breakdown untill 1800-1900$. What is important to understand,i m not a permabear or permabull but this chart is extremly bearish Beriash pennant is a continuation pattern and NOT a reversal pattern which means the price will likely to drop once again. Firstly,we dropped 51%,from november until today we are into a consolidation zone and soon we will continue to drop till this targets Macd slowly want to go into the green zone but probably only these two line will touch each other and after will made a bearcross.Why? If will cross up we will going up hard which means REVERSAL but: -We have a strong MA weekly resistance at 3758 and after at 4327 -Bearish pennant is a continuation pattern so we will drop -RSI is above 30 so we have more room to drop -MA bearcross in februrary at monthly timeframe(at the moment each MA at monthly is act as resistances so don t WAIT FOR 5K BECAUSE WE WILL NOT GOING TO 5K AT THE MOMENT -MACD at monthly timeframe is too high,we need more correction untill we reach -0- neutral zone -We can go till 43xx maximum but after we will going down(or will going up higher sub form of a peak and candle will close below resistance of bear penannt -ETF Vaneckx will be rejected -Bakkt will be delayed No..i m not a permabear but we need MORE CORRECTION.After MA cross at 1 monthly timeframe i WILL BUY ALTCOINS Hit Like/Follow if you want more charts/ educative materials!
COINBASE:BTCUSDShort
by CryptoC77
15
Two possibilitiesHi! When looking at this daily chart my opinion is that BTC is either way going to test that 3000-3300 area first to test the support once again. From that point what happens next is... A)support breaks and the price is going to keep falling down to 1900-2100 area where there's another support, then breaks downtrend and tests 3000 again. According to the RSI the possibility for another drop is there. Also there's a bearish MACD crossover going on ATM which might add fuel to the fire. B)breaks the downtrend and rallies up to 4000s, Anyways, I think that A has a bigger possibility to come true at this point. Good luck everyone!
BITFINEX:BTCUSD
by maar3k
Bitcoin : change of structure, possible slow and long declineThis is how i see the current Bitcoin crashing structure. The breakdown below the 6k descending triangle broke the main bullish structure. I am expecting a slow declining Usd value, in a sort of similar way of the first Bitcoin bubble. Lonely differences: market cap, and time frame. As you can see, the current crashing market is developping around 6x slower than the first Bitcoin crash, which makes sense considering the difference of capitalization. It took Bitcoin around 135 days since the eventual current position in the same structure, to start a bull cycle. Which means the current Bitcoin cycle could start a bull run in around 2 years. Yes, this is a possibility. Of course this is just some technical speculation, but this might not be far from what is about to happen with Bitcoin , 2 more years of bear market. I could be totally wrong, this is just an hypothetical analysis. But this is something to be aware of, if you are feeling able to invest and wait for some years. Stay tuned.
BITFINEX:BTCUSD
by Giovi6969
46
Bitcoin: 8 Months later-Bitcoin is crashing slower than expected; (uncorrect time frame) -Bear market might last longer than expected; -Crucial support was crucial, Bitcoin rested above it and retested it way more than i would have expected; -Once support broke Btc immediately dived, to form a bear flag around 5400; -Then Btc went to the 3.500 and bounced; -The time frame was not correct; -The bear market effect makes me think that prices are possibly headed to lower targets (*prepares his crypto Stockholm syndrome*) I have zero idea anymore to where it is headed too, but you can find possible supports on my previous ideas. Original Idea:
BITSTAMP:BTCUSD
by Giovi6969
6
BTC-USD. Risky, uncertain and great moment for BitcoinGreetings, Everyone ! Several dramatic decreases have happened recently. Bitcoin had been stable for a long time before Bitmain announced Antminer S15 and T15. Release of new miners in December will disturb equilibrium of supply and demand. Due to low level of network difficulty new devices will produce a high income level. The market started to adjust price to new expected equilibrium point. Higher the supply is the lower is Bitcoin price. This caused the price fell down the first time. Long term holders and those, who bought huge amount of BTC when it was at $5 500 - $5 700 levels last time, hit their stop losses. That is why we observed the next quick drop at the chart. Lastly manipulations and price speculations have started. This caused the current fall to $3 800 level. Time passed and the second scenario from the previous analysis, which was the most probable, was rejected. Sudden announce and further speculations moved the price right to the fourth scenario: "...The price will reach the end of the bigger triangle and will sharply go down to the last year minimum. This will start a depression and stagnation of BTC and crypto..." As we can see the least probable scenario has happened. Nevertheless the situation is not critical and the best thing you can do is to calm down and relax. You should kill your "animal spirit" and trade wise. There are no signs of further break down through the major support at Fibonacci 1 retracement level. On the contrary technical indicators are bullish: Hidden divergence revealed by trend analysis and oscillator chart, oversold according to Stoch RSI and the price moved back to the Bollinger channel. We expect the price will slowly touch $2 800 level where lateral trend will replace the downtrend. Within next months there will be a bounce which will start a new growth wave and the price should quickly go back to the Fib 0.786 around $6 571 The most important recommendation for the short - mid term is to close all current positions. You should keep only the Long term part of your portfolio (top 10 and fundamentally strong ICO) and diversify you BTC holdings in proportion of 60% USD & 40% BTC. For the long term we suggest you to wait till the price reaches $3 000 - 3 100 level and start accumulate BTC making a full purchase at Fib 1 level with a high stop loss. There is still nothing to worry about, treat this situation like a total sell-out at the market where you can buy BTC and the strongest Alts very cheap Sincerely, SkyRock Signals team
Short
by Skyrexio
Short Term Bitcoin Price Analysis. So, Bulls Are On?Currency Pair: BTCUSD Time Frame: 1H If you read my previous analysis you will find we are not at the bottom yet. I am going to explain the upcoming situation here step by step in brief. Here 'A' point denotes the 5k wall and 4.8k,4.5k,4.4k are 'B', 'C', 'D' onwards. Look at the chart right now. The possible scenarios : Rejection from B level will lead us to the C level. If Bitcoin faces strong and active support at C level it confirms the 'X' wave. Rejection from A level will lead us to the B level. At this point, B level must be a major support. If B level actively remains huge support it will confirm the 'W' wave. But breaking this support level will make a hard blow to the C level. Breaking C level anytime confirms we are heading to the D level. At this point, there will be a huge sell pressure. Breaking D level anytime confirms 'Y' 'Z' wave. At this time I am sitting on the sideline and watching the market closely. I am waiting for the conditions that I have mentioned at the B and C level. Although market is growing green today there is still a huge possibility of 'YZ' wave. Reasons : Several dropping of OI on Mex. Massive growing SPI on Finex. Breaking of 4.2k massive support level on Coinbase at M1 time frame. In short, take care of your capital. Wait for the buy confirmation at 'B' or 'C' level. Till now this is not safe to get into the market. Let me know what are you thinking which way we are heading in the comment section. If you find my post useful please hit the "Like" and "Follow" button. Remember an analysis is not a financial advice.
BITFINEX:BTCUSD
by Jhon_Dillinger
Papa Bear is having a BULL ROAST!! Hi traders, It has been a while! I thought I would get back into the game of doing my analysis for BTC. Thanks to all who follows me and support my ideas. Currently BTC is at 4525 and we may will more likely be heading to $4000 soon. My ultimate target is $1200-1500 a Bitcoin. My may start breaking down and pumping brakes at $2500-3k. I have a target set at $4000/$4150 and we may see a bullish move there. We need at least three or four bullish days in row to see a reversal. Also a rejection off of support possible. Happy Trading! Fonzy
BITFINEX:BTCUSDShort
by AlphonsoElliottJr.
1
How Far Bitcoin Can Crash? (Part 2)Currency Pair: BTCUSD Time Frame: 1M In my previous analysis when Bitcoin was trading near 5.6k I have mentioned that we haven't reached at the bottom yet.I won't go thru a longer discussion here. At this time there is too much selling pressure. Earlier I have mentioned that if we break 5.4k we will face a massive massacre. Now 4.4k is a possible accumulation zone. If bull fails to push it up from there we will face the second major support level at 3.9k, after that third major support level 2k will come to the scenario. You have to remember at this stage we haven't any strong support on long-term view (till Q2/Q3 of 2019). We only have very strong resistances. Breaking of support level 2k anytime may lead us to 400 dollars only. On the other hand, breaking of super strong resistance at 10k may lead us to 20k again. But I think we should be prepared to face the worst scenario in the upcoming months. Don't try to buy bitcoin when it pumps or dumps. Let me know what are you thinking which way we are heading in the comment section. If you find my post useful please hit the "Like" and "Follow" button. Remember an analysis is not a financial advice.
BITFINEX:BTCUSD
by Jhon_Dillinger
Bitcoin: well at least now it is official, Btc is crashing.In the previous charts i was explaining the possibility that Bitcoin was in what appeared to be a correction phase as it was still above the the weekly Smma 50 (blue Smma ) Bad news is that now Bitcoin is below. Unless it produces a false breakout (if we imagine Bitcoin beeing above this blue Smma for exemple next week), this is trouble. Bitcoin broke its main structure major support at 6k, and is below both daily Smmas, and below the weekly 50 Smma . This blue Smma is very important, as it is a weekly kind reminder of Bitcoin temperature: above= bull market, below = bear market. -When the bull cycle started : -Bitcoin remained above it until it reached 20k: So now you got it, Bitcoin is in a bear market unless we assist to a miracle of getting above this blue Smma , which is possible but now less likely. Breaking below 6k and settling below 5.8k is a classical sell signal. This is getting dangerous, but who knows, everything is possible with crypto. Bitcoin needs some buyers to rescue it or it will probably find new lows. If you are in to invest in the long term, and ready to wait 2,5,10 years holding this asset, then feel free to buy what you can afford to lose, prices are "interesting". If you are trading, beware, i mean really, beware.
BITFINEX:BTCUSD
by Giovi6969
How Far Bitcoin Can Crash?Currency Pair: BTCUSD Time Frame: 1W Exchange: Bitfinex I won't go thru a longer discussion here. Earlier I had posted a technical analysis hoping for the bull run. I had given their two significant conditions one of them was to exit from the current situation if we hit 6350 below. I hope you guys did. Now everyone is waiting to see how far bitcoin can crash. Many ones are posting many signals here and are looking for a bottom, some novice already has traced out the bottom! If you ask me how far the jaw can hit the floor I will reply you that I don't know even no one actually knows cause God doesn't live here. What I can do for you is that post a technical analysis including other factors to guess which way we are heading. This is a very critical moment. Although various indicators showing bitcoin is oversold, it has not ended yet. Let me tell you something, we were on the bull scenerio just three days before cause there were many good news and the chart pattern was looking good including the indicators, but what happened last few hours? I have tried to figure it out. I guess there are less interested buyers right now to buy bitcoin at the current price. When buyers don't want to buy sellers have to sell it at low. Now consider the current situation. At this moment 5300 is the major support level for us. There's a chance to bounce back from this level. Breaking 5300 level will lead us to 3500 support level. There's also a chance to bounce back from this level. Breaking 3500 level will lead us to 2000 critical support level. According to bitcoin life cycle many big investors are probably waiting for this bottom line. In case any bounce back bitcoin has many resistances right now before going to the moon. The active resistances are 5.8k,5.9k, 6.1k,6.4k, 6.6k, 6.8k,7.1k,7.4k and the big one is at 10k. If you look at the H1 chart you can find each time is passing bitcoin is having new resistances. At this time scalping tradings at the support levels are out of risk. So, trade carefully. Every support level is a possible accumulation zone but not a buy indication. Don't try to buy bitcoin when it pumps or dumps. Wait patiently at least for the 3rd possible red candle in the weekly chart.Let me know what are you thinking which way we are heading in the comment section. If you find my post useful please hit the "Like" and "Follow" button. Remember an analysis is not a financial advice.
BITFINEX:BTCUSD
by Jhon_Dillinger
3
Bulls may have a chance to retrace at $5000Hello fellow traders! As Bitcoin continue south of the border, there may be a pit stop at $5000. If the bulls can sustain that last trend line, there may be some hope for a temporary pullback to $6000 for a resistance test. As of today, Bitcoin has dropped $1000 in 12hrs. and may drop more. Queen Bear is heading south really fast like a speeding bullet to go straight through that $6k. I did a paper trade on bitcoin selling and made 35 million dollars at the $7250 price. Let me know your thoughts and where the price will stop at.
BITFINEX:BTCUSDShort
by AlphonsoElliottJr.
5
Goldman Drops Trading Desk!!!! Goodbuy, I mean Goodbye.. BitcoinCheck out this news on Bitcoin today Sept. 5th. All credits going to CNBC. Goldman Sachs did NOT settle for the price of Bitcoin. Like I said... too expensive for banks. Retail traders will settle for anything. Not a Investment banker that has back to back months of winning trades for years. Maybe GS will come back to the table at a better price like $1100 or under $1000 a Bitcoin. We may get some bullish months when Bitcoin reach $2500 I hope.
BITFINEX:BTCUSDShort
by AlphonsoElliottJr.
27
Mama Bear had too much Red Bull last night...I thought it was all a dream.. I was so drunk on selling, I had a Bitcoin hangover when I woke up. HAHA! Bitcoin takes a major dive under $7000. While many people anticipated Bitcoin going up to the moon from here, like 99%... The 1% of the population was selling Bitcoin. I hope it clicks about the 99% and the Top 1%. Doing my hefty candlestick analysis and market psychology on Bitcoin beginning Sept.1 has just begun. In order for the bull to take over, he must close over the monthly candle strong. Otherwise we are heading south. Check out earlier ideas to see how I was doing my analysis. Pure candlestick first, then I add technicals. A toast to Bitcoin for heading down so we can all save up our coins and be rich in the future. Bitcoin for $2500 or better yet $1100 (Alex from Jeopardy)
BITFINEX:BTCUSDShort
by AlphonsoElliottJr.
2
Bitcoin projection for 2018-2019 Bear MarketThis model uses simple arcs to match the highs and lows and project BTC explosive growth into the future. Naturally, now BTC has had it's "emergence" and as the market evolves, the magnitude of moves and the speed begin to reduce and slow down, respectively. This model assumes a linear increase in duration of bear market and Bull/Bear cycle to estimate the time for completion of the 2018-2019 bear cycle and the following bull cycle. The BTC halving events have thus far shown to be triggers for a bullish trend so mapping out the third event seems logical. The weekly RSI shows significant peaks and troughs at parabolic moves (up and capitulations) so provides a further fit. Keen to hear thoughts from the floor.
BNC:BLX
by Checkmate_9
1