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Bitcoincrash

Bitcoin, 2021 Crash incoming?Hey Traders, 2020 was a crazy year for Bitcoin and Cryptos overall. We have witnessed Bitcoin defying everything and surging %1,200 since March 2020. Are we currently witnessing end of the Bullrun? Lets do some technical analysis! 1) Looking at volume we are seeing constant decline - this represents exhaustion of buying power. 2) On weekly chart we see that Bitcoin is extremely overbought and it needs urgent correction. 3) On oscillator we are witnessing bearish divergence - this represents trend change (Bearish in this case) 4) Bullish trendline on weekly is being broken, we will see if weekly candle closes below it which will be a very bearish case. (Its broken on all lower timeframes including Daily) Lets see if this is the end of the Bull Market. I will be monitoring Bitcoin closely from now on. Stay safe and happy trading!
BITSTAMP:BTCUSDShort
by WhaleTraderDzi
2
IS THE CRYPTO MARKET ABOUT TO CRASHLIKE 2017?Greeting This is arsalan here. I am a forex institutional market trader and cryto trader from the past 6 years but never shared any of my idea here so this is the first time. The thing I noticed to share this chart with you guys is that to stop facing big losses. CHART ANALYSE: The naked chart showing down below is the weekly chart of bitcoin/usdt pair. I am seeing the bearish divergence on weekly time frame and it never happened before since the last crash of 2017. The market is making higher highs but the RSI of period 14 is making lower highs. That is the indication of bigger crash that we may see in the coming years. Done for now but from now onwards I will keep share my ideas here with you guys free of cost so follow me for future analysis. Thank You!! Best regards: Arsalan aka binaryTrader :)
by arsoo11
Bitcoin Following Projected $100k-300+ Target ChannelYeah I know it sucks for Bitcoin to drop so massively and destroy all short-term hopes for a continued uptrend without "downward disturbances". I anticipated the drop and predicted it on Jan. 7 Still it caught me off-guard and brings a bit of annoyance and call for patience. To the chart we go and let's check back with my Bitcoin channel prediction (see related idea). The prediction analysis can now be tested. The upper Bollinger Band has been breached downwards. So Bitcoin either is able to close above it or I would expect some more losses to -30% (~$29k) or -40% (~$25k) from the ATH (~$42k) In case Bitcoin closes above that swings momentum back and gives Bitcoin the opportunity to remain fully bullish the following weak. Best case scenario would be for Bitcoin to close at or above $38,2k end of this week. Then the 22$ drop was just a short lived "glitch". The path Bitcoin is taking also will give an indication to what stock-to-flow trend line it is following. Right now it would appear to be the 100k mid-May, which would indicate a quicker uptrend and a more parabolic move upwards starting mid-February and aiming at $300k. As we have suffered already a 20% loss in price I remain bullish and consider the current price level a welcome opportunity to average into Bitcoin. Be aware there is however an additional 20% price loss possible to keep some of your powder dry and make sure to put tight stop-loss orders in. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
BITSTAMP:BTCUSDLong
by CarpeMomentum
BTC Starts Correction. Now let’s find suitable entry points!As predicted, BTC failed to make new highs, stopping just short of $19,500. The coin has now started an overdue correction. Now it is essential to find where it will bounce back so we can enter once again! Support Levels Finding suitable entry points goes hand in hand with finding the right support levels. The first support level stands at $17,000, where BTC made a small comeback at the start of this correction. This level is important as it was the last main resistance in Bitcoin's path to the all-time high. However, due to Bitcoin's outstanding growth from $10,000 to $19,500 in just two months, the correction is more severe and has already stepped past this point! The next support level stands at $16,000. This level came into prominence this year, as it held Bitcoin from pushing higher repeatedly. This level is likely to be hit, as after a strong bull run, a mild bear market is to be expected. Currently, Bitcoin has bounced near this level twice. Lastly, we have the $14,000 support level. This level is critical as it was the highest price we hit following the 2017 bull run until November 2020. It also acted as a major support holding Bitcoin above it throughout much of 2018. BTC may head to this level in case of a "severe" correction. Yes, Bitcoin can go lower. However, due to the strong momentum, optimism, halving, and entrance of institutional investors, the price will likely hold above $14,000. After bouncing on one of these levels, we are likely to see revisit the all-time high. However, it may take a while before we break it. Strategy The 5 and 200 EMA crossover is among the best strategies on the 1h chart. With a 0.01% commission, the strategy would have made a stunning 415% return from 2019 up until the present. While backtesting is not the same as live trading, if you backtest for long enough and throughout different market conditions, then you will likely see similar results in your live trading. Therefore you can also use this strategy as your next entry point.
Long
by cryptohopper
BITCOIN. WHAT CAN WE EXPECT THIS WEEK?Hello traders, and welcome to this crypto corner, I hope you had a wonderful week. from our last analysis, we expected btc to make a retracement from 10k region to the upside around 11k region, which we can see on the chart.. so, what's next for bitcoin? last week if you can recall that after the wave 5 truncation, I started labelling a wxyxz correction. initially, I like to start my analysis with letters. then when the move is done, we can adjust the symbols. what matters really is not the symbols, it's the direction of the market. imo, I think we started a 5 wave impulsive move to the downside from mid august after the 12.5k huge resistance. I'll adjust the symbols once the move is complete what do we expect now on bitcoin we expect a move to the downside, a big one, you know I think things can go real south in coming weeks. is 9k possible? Yes... oscourfe.....lol is 8k possible? depends, if traditional market experience huge losses in coming weeks. now, I'm sure you're about to ask is 7k or 6k possible? well maybe, maybe not. let's focus on the move to the downside, and I'll be updating you as we move follow me, and let's take profit together. VERY IMPORTANT: Hitting the "Like" button is like a tip, please don't forget to do so after reading, this is your way of appreciating my effort and encouraging me to post more free analysis and updates. if you enjoyed this free analysis and update, make sure to hit the follow button to get more free updates, like, share and drop your comments below, and I'll see you shortly have a wonderful week trading, safe trade trade responsibly namaste traders
BITSTAMP:BTCUSDShort
by Nueel_classic
5
#BITCOIN - Triangle Pattern In Elliott Wave Theory - Part 2 -BTC Decision Time Will the $9K Fortress Fall? There is a seriously crazy amount of stuff happening in the world!. - Global pandemic. - A very just and long overdue fight for equal rights. - Economic turmoil. The list can certainly go on, but we'll only add one more thing to it — DECISION TIME FOR BITCOIN. It is very likely that Bears will once again storm the $9K BTC fortress, but will they finally succeed where they have been soundly defeated on several recent occasions? The Last weeks, bulls were routed, trounced , decimated , by staunch $10K defenders when it blasted clear of the five-digit mark only to violently crash back into the $9,000 region. Here are a few of the predominant factors holding BTC under. Focus on Traditional Markets Retail traders are nowhere to be found, as has been the case since civilians were completely and utterly "REKT" after the 2018 bear market. That leaves the vast majority of price action up to the pros who have a lot on their hands as of now. Compared with traditional market traders, there are far fewer traders whose sole focus is on cryptocurrency. Meaning most traders are dabbling across several different types of assets — and not all of them digital . With the irrational-but-widely-accepted ongoing bull market in the Dow Jones; S&P500 and Nasdaq showing little sign of letting up, the spotlight on digital assets has dimmed. There Is Still a Pandemic. (In Case You Forgot) Simply put, there is still a pandemic on. This thing is just throwing a curveball no matter how you look at it. Currently, it is impossible to say if the pandemic is a boon or hindrance to Bitcoin's fortunes. But, logic might tell us that under such circumstances, an unabated rally to the moon is just not in the cards yet. From prior experience, Bitcoin always loves a good counter-trend rally, with the recent move from the $3,000s back to $10,000 being another one for the books. Nonetheless, the insecurity around the economy and the whooping America has taken at the hands of the virus (being the world's leading source of BTC trading activity) means the bull-case is still psyched out. $10,000 Is a Major Psychological Hurdle!. Certain numbers are powerful. For Bitcoin, 10,000 is just such a number. Try as it might, BTC hasn't been able to completely break free of the orbit caused by 10,000's gravity. Even after posting major gains and sustaining prices near the $20K mark, the Bitcoin pendulum has swung wildly even without the myriad forms of turmoil seen today. Getting near the $10K mark has already been a very wild ride, and breaking through it will be one, too. The reason we've seen such swift rejection at or above $10,000 recently is that bears need to exert immediate and definitive downward pressure to keep the psychological barrier in play. Too much time spent above $10K will give hope and gather forces on the other side of the equation. So far, bears have shown more power in defending their fortress, but the longer that fortress remains sieged by prices hovering nearby, the sooner we can hope it will fall.
BYBIT:BTCUSD.PShort
by ferGOD
4
Anytime 50 Weekly MA did this brought a huge crash (Must see!)Hey everyone, Recently I've been only focusing on the macro-level perspective mainly on the weekly chart. This one is very interesting... Take a look at the 50 Weekly Moving average . Anytime it goes down pulls the price down too. It hasn't happened very often and when it did in 2014 and 2018, massive price dumps followed. It seems like today, 50 Weekly MA is pointing down and getting ready for a downward movement. If it goes down do you think the history will repeat? Please let me know your thoughts by leaving your comments below. Please also take a look at my recent weekly analysis regarding my bearish view.
BITSTAMP:BTCUSDShort
by yiggyTHEpiggy
3
Short it Than BOOM! try to catch the falling knifeTrading strategy I rarely post charts, but when i do it im always right; Ive been trading bitcoin since 2013 1 day divergence from 10200 ~ 10400 usd Rsi going lower, its not an asset so valuable now that SP500 is going to the moon. Im shorting since 10200 usd levels, my first target is 8800 ( Rebound to 9200 than full short again to 8000) Wait until gets to fibonacci 0.382 ~ 0.5 levels which would be 7500~7000 usd levels. For me it has to be that way to have a nice run up to 14000~16000 usd levels.
COINBASE:BTCUSDShort
by choseongmin93
BTC Daily Analysis, Will we see 5200 Lows? Hey everyone, I will be trying to post more on my account. Been very busy with school and this pandemic but I for sure will try to expose more ideas. Recently, I've been looking to improve my trading and now I feel like I have finally come to a point where I'm starting to feel confidence in trading. I moved away from indicators, and all this crap. Mainly I look at price and see what it is doing. No, I didn't learn overnight, but I'm glad I never gave up. I read a quote, it said "When you want to give up, don't forget why you started" and I think we all can see here what it can mean us traders. We always get hurt, we lose money, we change strategies, etc. But don't give up. Work hard and I promise you results will come. There is no easy way out of this industry, it's like a business. If you want to be a doctor, you learn, you practice, you must work hard. Similarly, with trading, you must learn, take time to develop this practice, and then you will see success. Anyway that's my little motivation for you guys, on with the analysis: Looking at BTC, we see currently it is in a very strong down trend, price looks to be forming a double top. We see some nice wicks, and a beautiful reversal pattern. This checks out for me. We see that there was a low that was previously created but it did not break the previous low, this could mean that the small rally up might be exhausted. Bitcoin could drop all the way to 5200 ish, but we could see a continuation of this forming uptrend if we fail to break 5200. On the 4HR, we also see a fakout to the upside, this shows great potential short for a little bit right now. 5200 seems like a great area to buy possibly, if we start to see some rejection there as well. Could form a double bottom too. Cheers all, please provide any feedback or ideas you may also have. Feel free to follow, and like my ideas. Always willing to talk to you all. Happy trading and stay safe. <3
GEMINI:BTCUSDShort
by MazumaForex
9
The Corona Virus Conspiracy ------ WAKE UP IT'S ALL PLANNED MartyBoots here , I've been trading the markets for 13 years and I have see this Panic before What is unusual is that the Corona virus could have actually been used to manipulate the masses and even other countries Who needs real war when you can just create a deadly virus Anyway let me know in the comments what you guys think Please like the Video to help my work This is not my normal video , I just thought I would put it out there because there are a few very fishy elements to this situation , this is also evident in the charts
TVC:SPXLong
by MartyBoots
32
BTCUSD Elliot Wave 12345 ABC with bullish and bearish ScenariosGreetings everybody here's my analysis on BTCUSD. I have alternate possible Elliot counts as well as bearish and bullish scenarios with some of my fundamental views and thoughts behind Bitcoin and the current state of the financial markets. For those too lazy to watch through, my primary count leads me to believe that this current dump is the possible end of corrective wave C. If we hold 6k support we should move back up to the upper weekly trend line of around 9k and then we will have to see how price reacts at that level. If we cannot hold 6k support we are heading to the 49xx region and then if we cannot hold that the final support zone will be between 45xx and 32xx support zones which is confluent with the bottom weekly trend line and 78.60 fib retrace of previous bull run. Key points to take from this is that we could potentially have an amazing buy opportunity on the horizon in anticipation for the halvening and not to panic. Happy Trading :) The information provided on this website is general in nature only and does not constitute personal financial advice. The information has been prepared without taking into account your personal objectives, financial situation or needs. Before acting on any information on this website you should consider the appropriateness of the information having regard to your objectives, financial situation and needs. Therefore, before you decide to buy any product or keep or cancel a similar product that you already hold, it is important that you read and consider the relevant Product Disclosure Statement (PDS) of the product provider to make sure that the product is appropriate for you. Before making any decision, it is important for you to consider these matters and to seek appropriate legal, tax, and other professional advice.
BITSTAMP:BTCUSD
by TrimmerTrading
2
BTCUSD | The last chance to avoid crashBitcoin price action reached the upper triangle's border, the resistance withstand and thus BTC went down in a way it was drawn with price action bars projection in the most recent update which was shared on the 13th of February. Bitcoin price went below $10 000 and consolidated there which was confirmed by numerous rejections of breaking back to the higher level. Adjusting technical analysis to this fact we receive a step-by-step forecast of the Bitcoin's price action 1. We see a high probability of testing the local support around $9 100 level in the short-term. The support is represented by a blue line at the chart and price action is going to reach this level first 2.1 When the first step is finished Bitcoin's price action has the only chance to continue upward trend development: from the support level it should break above the resistance of $10 056 level which is drawn as a green line. In case it happens Bitcoin will break from descending triangle pattern, however it is still unfinished and thus probability of such scenario is very low. 2.2 The more probable scenario reveals a great chance that ascending price action will be rejected at the mentioned resistance level (green line) and then Bitcoin's value will straightly go down to the global support level which is represented by a lower triangle's edge. 3. In case the previous steps are completed Bitcoin can have a small bounce to $8 600 level (yellow line) in a harmonic XABCD butterfly pattern with a subsequent global support retest 4. From the global support Bitcoin should fluctuate in an ascending trend until the end of the triangle is reached. We forecast it happens on the 13th of July. Taking into account Bitcoin's fundamental news for instance upcoming halving and technical analysis findings we can conclude the triangle should be broken upward which will be a start of a new global upward trend We will provide you with updates of short-term price action perspectives between the mentioned above long-term steps once the first phase (reaching $9 100 local support) is finished Stay tuned and be confident in your trades. Press "like", share the idea to your friends and please leave your feedback and thought in comment Best regards, SkyRock Signals
COINBASE:BTCUSD
by Skyrexio
2
BTCUSD HUGE BEAR PENNANT BTCUSD is situated into this bearish pennant from 26 november 2018 until today and it most likely in late this month or february we will have a huge,massive and fast breakdown untill 1800-1900$. 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