Btc will be down as per candle Pattern but wil take Btc will be down as per candle Pattern but wil take entry after breakout as per given target and risk ratio..
Bitcoincrash
Will Bitcoin fall to zero ?This analysis is only based on the technical analysis of the daily and weekly time frame
If you have been following me since years ago, you know that I predicted the September 2020 Rally (chart attached below, and the complete analysis attached link)
The incredible rally started on September 2020 and continued until November 2021. It started at 9800 and reached its summit at 69000. It was a double the top at 65000 and 69000.
What led to Bitcoin crashing is partly due to the greater economic downturn. And then secondarily, you've seen several crypto companies that have recently filed for bankruptcy; many of these crypto companies took on too much risk, which led to them imploding as the price went down.
Based on my daily time frame, Bitcoin Broke the first Down trendline on September 2020 (See the red line on the chart). That red down trendline hasn't been retested yet. As you know, all the breakouts need a retest. So when is the retest? And at what price will the retest potentially be?
My chart shows that potentially the retest will be on March 2023, and the retest price at ZERO.
Right now, we can see a bear flag forming, and the price is precisely at the bottom of the bear flag. We also can see the Neckline at 30k area.
So the question is, is Bitcoin ready to break below the bear flag? Or will Bitcoin go up to retest the Neckline?
Valid:
- This analysis is Valid as long as the price stays below the Neckline, and this analysis confirms if the price can break out below the bear flag.
Invalid:
- This analysis fail if the price breakout above the Neckline
Will Bitcoin drop to $1,000 check ithello traders what do you think on bitcoin this is on monthly chart .many are expecting it to a 100k of course the fundamentals hold the prediction when it comes to long term than the technical but still for any market to be efficient it need to balance the book what is your thought on it let me know in the comment .
Bitcoin Dump Signs On Chart Is Insane! Is Today The Crash Day??BTC/4H doing Another Rising Broadening wedge
We made 3 top and each were lower than previous one. the last pump that happen was a liquidity grab.Also On Daily Bitcoin looks very dumpy,H&S could be in play too (mentioned in video)
Keep In mind after the touch we did at 28954 it dumped heavily and then regained it back with a lower high. and the consolidation is inside that red candle and It Formed a BIG Pennant. showing a possibility of a strong dumpage.
There is some Bullish Sign That Ive talked about in video too that could play out and we could visit 31K ( I doubt it though) but worth mentioning it
Thanks for all your support
BTC Ready To Dump Fast And Hard-Crash Is ImminentBTC/1H Still in that Parallel Upwards channel
*I FORGOT to mention there is a ascending triangle pattern on btc which I think its jebaiting the longers*
Today is FOMC day where rate hike will be announced and will have huge impact on whole market , not only traditional but crypto as well.
We usually get a move to both side around (%3) liquidating all the high leverages which we call ( sweeping the highs and lows) after than the move will come
IMO its a capitulation candle downwards around 23K. could be worse .
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BTC Bitcoin Stress Test Next Week !!!After the last BTC Bitcoin chart pattern was perfectly validated:
Now that the second largest bank serving digital assets companies, SI Silvergate, announced that it would wind down its operations on March 8 and SBNY Signature Bank continues its ‘orderly crypto unwind’ as crypto currency retreat continues, Bitcoin is a bout to face one of the most difficult weeks!
My short term price target for Bitcoin BTC is $19100 and a Double Bottom by mid 2023.
Looking forward to read your opinion about it.
BTC Slow Bleeding Could End In A Catastrophic MoveBitcoin is slowly bleeding down and with todays news it could actually get volatile.
If we want to go lower before any retracement to the upside it could be all the way to 18.4 (big capitulation candle) or fill the gap (20400 to 20k) with a wick around 19.5 and bounce back up.
There is a big cluster of liquidation from 22.4 to 23.4 (near 8M) which shows a possible pullback there to grab those liquidation.
Bottom Line is Crash did not happen yet and is YET to happen.Longing is not recommended at all cause we could flood down.
DXY is looking very strong as SPX losing power day after day.
Details on Video
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Bitcoin Getting Closer To Dump PointBitcoin on weekly looks like it wants to break 25.2 and goes to fill the gap starts ~27500 to ~28800 but on 3H it looks like a SYMMETRICAL TRIANGLE that is about to break down and retest the bottom of the triangle once it crashes.
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Usually nothing special happenon weekends thats why I dont do videos but I feel like a down side move is due for this weekend on sunday.
talked about the liquidation clusters and spx and dxy at the end too
Thanks for watching
$7k #BTC Narrative | Trend Line CrashElliot Wave 4 Typically retraces 0.382
IF,
Green EW 4:
- COULD meet the 0.382FIB
- COULD meet the Macro Trend Line
Wave 5:
$275k
$7k #BTC Trend Line Crash NarrativeBitcoin could touch the $7.6k arena if BTC touches the Macro trend line to meet the full 88% draw down.
TOTAL 1 shows the 88% draw down touching the trend line as well.
Lets see if this narrative plays out.
#BITCOIN CRASH / RSI DumpIt seems BTC crashes to the all time lows after a breakout of the rsi.
Is a $12k - $14k Bitcoin in route?
#bitcoincrash
#BTC Bear Flag $10k FloorWhen in doubt Zoom out.
A picture can paint a thousand words.
85% Draw Down?
75% Draw Down?
IMHO, Bearish looking to play the Bull trap back down to $10k btc.
#BTC $10k - 40% Rug PullBTC is in for another repeat of history.
After a 75% draw down from the previous ATH, BTC seems to drop another 40% from the 75% draw down level to meet the historic 85% draw down narrative.
BULL TRAP Zone:
$18.1k to $20k
Correction to $16k
#BITCOIN CRASH IT ABOUT THAT TIME BINANCE:BTCUSDT
Hello everyone bitcoin is about to make another scary move again (11k or 10k range),
I'm not always happy to see bitcoin falling but what do we do?
Yet every fall Is always an opportunity for those who understand. so let go to the main discussion where I'll be expecting the next stop of #BITCOIN price movement.
no long story if you have been following my previous BTC IDEAS if you haven't watched my previous bitcoin ideas go and do so now to understand my price tags and movements.
so, my next stop where I'll be expecting bitcoin is at price ($11,620.45 ---- 10,086.26) at this range do not expect bitcoin to go lower meanwhile this could possibly be the golden button ever!!!!
Bearish flag resulting in 10k Bitcoin
Bear flag:
Short term:
Bitcoin seems to have a systematic bounce from its current bottom in the 40k range, where the consolidation zone may bring k the price to the 45k range where the over-arching trendline is crossing and continuation to 49-51k.
In the short term can we see a bottomed out MACD and an bottomed out RSI with room to reach levels of 45k and 51k range.
Long term:
After re-touching 45k and 51k ranges, would the price crash downwards as buyers have taken profit at these two price ranges.
The bearish flag is formed and the the over arching trend is found once again on this down sloping trendline.
Price movers which pushes the price downwards are:
- The recession warning from Fed, impacting eg. the housing bubble
- The supply-chain crisis impacting the economy negatively, eg. the food prices negatively
- Increased oil prices
- War time
These factors in a period of economic slow down will make people less likely to invest in cryptocurrencies to keep dollar in their wallets. Here is there a negative correlation between DXY (Dollar Cost Index) and the price of Bitcoin.
These reasons may cause the price of Bitcoin to follow the bearish flag formation resulting in a strong downtrend and reaching prices of 20k and 10k.
🌕 BITCOIN (BTCUSD) - 23RD LUNAR DAY CAPITULATION WARNINGToday is the 23rd Lunar day, the moons final phase. If Bitcoin breaks that neckline, today is the day.
Bitcoin Bottom Might Be $6,883This is a chart of the Natural Log of the YOY Running ROI of BTCUSD/SPX:
Ln
The pattern formed is striking in that the tops and bottoms both form perfectly linear patterns going back to the creation of Bitcoin.
Using the same steep slope this indicator had at the end of the last 2 cycles indicates a value of -2.07 at the end of this cycle, if the pattern holds perfectly.
Assuming the SPX stays constant at 3,900, Bitcoin would need to drop to $6,883.69 for the value to equal -2.07.
Alternatively, if Bitcoin were to remain constant at $17,000, the SPX would need to raise to $9,631.56.
TLDR: FOR THIS PATTERN TO CONTINUE, BTCUSD WOULD NEED TO BOTTOM AT $6,883 (GIVEN A CONSTANT VALUE FOR THE SPX)
BTC/USDT In Freefall - $14K Incoming? 📉🚨Wow... What a crazy past few days in crypto with Binance and CZ gobbling up FTX.
This along with insolvency rumors not just at FTX, but other large exchanges is causing a serious meltdown across all cryptocurrencies. ❌
Looking at the Bitcoin 8H chart, we see that we just crashed through a major support zone. This goes in tandem with our mid-term thesis that Bitcoin is in for more pain. 🤝
We're looking for a local bottom around $14-16K.
Still a volatile week ahead with CPI and elections finishing up.
Stay safe and eyes peeled! 👀
BITCOIN (BTCUSD) - Support Retest 📉BITCOIN (BTCUSD) - Support Retest 📉
Take profit and stop loss levels shown. Please make sure you implement your risk strategy when reaching each TP, by either tightening stop loss or taking partial profits.
BITCOIN CRASH MORE?Price of btc coming to retest its strong level of interest where previous strong suppor now as a resistance and also rejecting from the level. SO good short trade according to levels given in the chart.
Bitcoin heavy coin inflow into exchangesNext week we have the FOMC meeting.
Most likely the Federal Reserve will raise rates by 75 basis points. In case of 100 basis points increase, i expect a sell-off in the markets.
Major cryptocurrencies have seen heavy coin inflow into exchanges recently.
I expect a strong sell pressure next week.
BTC/USDT short
Entry Range: $19800 - 21000
Price Target 1: $19100
Price Target 2: $18550
Price Target 3: $17900
Stop Loss: $22100
bitcoin trap /227800 good short $BTC Get ready for a huge dump. we're not going anywhere. September and October is usually bad for crypto and this little pump is
right on time to fool a few people into buying at these prices. keep buying, I'll wait.
$ETHUSDT UPDATE!!!Hi Snipers,
Please refer to the recording for the next price levels and scenarios.
Thanks
MS
