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Bitcoincrash

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
Don't Worry, Still Rising long term, FOMO excludedIn order to analyze the bitcoin behavior you have to exclude from the equation the FOMO effect (Fear Of Missing Out) which happened on 2017 4Q, it causes an abnormal growth impulsed by the millions of not frecuent users that enter the system just to avoid missing the bitcoin phenomenon. This is off course something to consider but it can be treated as a fundamental analysis fact and if you do that the rising is still happening and we will see a 15K bitcoin this year!
BITFINEX:BTCUSDLong
by addinvest
BITCOIN - WHALES WILL CRASH ITGet ready for yet another "crash" on BTCUSD! In accordance to my last markup, USD will strengthen against most major pairs. This bull run to 9k is seemingly looking like a bull trap. The crash will be it's final move, before the massive pumps begin to take us to the moon again. Major Bitcoin whales (Banks, Private Investors, and Institutions) will pump and replace their buy positions with sells (@9k-9.5k) It will most definitely hit 6k and below. Do not fear, this is NOT the death of BITCOIN. The major players just want the masses and smaller investors to pull out so they can buy up our coins. Get ready to buy low once again. Please do your own due diligence before entering the markets and use this markup as education/reference!
BITSTAMP:BTCUSDShort
by avraamdemetriades
bitcoin to 11k then to 3k.just out of curiosity today i played around with the log charts on bitcoin. clearly we are testing the downwards log trend and it has been a pretty bloody battle. this will be the 4th time we have made contact with the trendline. in 2014, bitcoin also made 4 contacts with the trendline, and on the 5th contact, it broke out. i think something very similar could happen to bitcoin in the near future. another interesting this is the daily RSI. even the daily RSI's are almost mirror images of each other. double top RSI at 60. There's no wave theory in this at the moment, because that's for another post. but in the meantime I'll be considering this as my primary movement. 1) short to 7.5/7.6k, placing buys at 0.618 fib level, which is where the 2014 fractal bounced from. 2) long to at least 11k from 7.5k, obviously keeping tight trailing stop losses. 3) short from 11k down to 3k by end of this year. Obviously fractals dont ALWAYS play out exactly, but I do see this as a potential route of it playing out, this is because of a few reasons. 1) weekly RSI had bottomed out locally around 45ish. 2) we had a bullish engulfing candle on the weekly chart. 3) this is the second time we've retested the 60RSI on the daily chart. 4) market sentiment is fairly bullish. 5) alt coins are starting to pop off, this would also coincide with them having their particular season biyearly. 6) I don't spot any sort of accumulation patterns on bitcoin on the daily chart (wyckoff accumulation that is to signify end of bear market), right now this is all chop. anyways, let me know what you guys think! definitely keen for some discussion in the comments. ive linked the bitcoin 2014 on the log chart beneath for your reference with the daily RSI there. it's very interesting.
BITFINEX:BTCUSDLong
by EnZo
BITCOIN (BTC) Final Move Down - BE READYI expect that it's understood that entering now in any crypto market involving Bitcoin is a NO GO. It's just too dangerous. I expect Bitcoin to drop by additional 15% - 29% within next days. This is not a bad thing because in order for us to make full recovery we need to test final low which would be our final re-tracement. My previous chart below - not much changed, just a clearer path is not visible, we broke supports - going down
COINBASE:BTCUSDShort
by CryptoManiac101
8
3 strategies: BTC long-term 200-500%+ profit. (Update)Risk: Medium Please be advised that this is only an idea, so you are responsible for any losses yourself. ************** This is only an update of my previous BTC ideas, please find the original ideas related ******************* Dear followers, First of all, don't forget to follow and like my ideas. Don't hesistate to ask me questions or to post your chart below. Furthermore, I'll only detailed updates here, and short updates on Twitter. This is only an update of my previous BTC -6.19% ideas. The strategies are explained more detailed in my previous ideas. So find here the original ideas and an explanation of the choosen levels. I've updated and added some targets. They are marked with a (!). Update: We just broke another tough support (1) intraday. A close with a candle below is possible and this will accelerate the sell-off to reach our next targets. I hope this will happen. We will find some support around 7600 and 7345 on the hourly chart. And a bounce towards old support (8300) is still possible. But we don't have clear signs for this at the moment. We just saw a death cross on the hourly chart and this is a sign for the bears to continue the sell-off. Furthermore, for the first time in years a more important Death Cross is incoming on the daily chart. The 200ma will trade above the 50ma daily soon. circumstances are getting better and better for the bears including us. In summary: all signs are very bearish, like I expected. Unfortunately, I don't have time to give a more detailed update for now. But I'll keep you updated here and on Twitter. Original idea: We shorted BTC -6.19% since $11300,- and we have reached our first two targets. Please, find the ideas in the related ideas or on my channel. Personally I'm short in steps since around $15.000,-. (Red dotted line) This was a level were a lot of people were making analyses with price targets of $100.000,-, totaly insane in my opinion. If you are short since the original idea, congrats with your profits! Strategy 1: If you are short since my original idea, stay short till we reach our final targets. Take partial profit at $6800 and $6200,- again and close all your short positions at $4600,-. We will start buying Bitcoin back here. Profit targets: Target 1: 9600 (Reached: Previous idea) Target 2: 7650 (Reached: Previous idea) Target 3: 6800 (!) Target 4: 6200 (!) Target 4: 4600 (!) After this, I made a great profit with this strategy and I can start with strategy 2. Strategy 2: I expect a (short term) trend reversal in this zone. So I'll start to buy Bitcoin -6.19% here again. The support zone has a range of 3990-4600. So I'll set orders at various levels. Buy levels: Buy 1: $4600,- (partial) Buy 2: $4400,- (partial) Buy 3: $4200,- (partial) Buy 4: $4000,- (partial) If we reach all our buy targets, we are in this trade for an average of $4300,- (Buy 1;2;3,4/Total buy levels). If we don't reach all our buy levels, we are in this trade with a lower amount, but we bought at the bottom or near to the bottom! Profit targets: TP 1: $6952 (partial) TP 2: $7867 (partial) TP 3: $8782 (final) Take partial profit at each target. I expect a continuation of the downtrend after reaching target 3. So, this will open short chances again. I'll provide you with a new chart if this scenario happens. Stop loss: If we close with a candle on the daily chart below the reversal zone ($3990), sell all your positions immediately and take your loss. The reversal has failed and we go further with strategy 3. Strategy 3: This strategy is valid if we close with a candle on the daily chart below our support zone . Sell: Below $3990. Final profit target: $2000,- (!) *If this scenario happens, I'll update this idea with extra profit targets between the short level and the final target. Please, follow and like for more trading ideas.
by Trades999
33
Why are you still in bitcoin Hello friends I have not done TA on Bitcoin in weeks here is my take we are obviously still in a down trend, put this into perspective bitcoin was in major up trend for about 10 -14 month we need this correction to continue a new up trend. I’m not surprised the length of time we have gone without any reversal in sight. I believe there is a possibly will see a bounce of 5800 - 5100 then possibly hit 7900 or slightly higher and continue the final wave down to 3800 - 3000. If you’re shorting this you’ve made out well as for those going long in BTC if you’re still in now stay in there you’ll get wrecked catching bottoms. I am not your financial adviser
COINBASE:BTCUSD
by occult
The ONLY chart you need. (my thoughts) *BITCOIN/USD*Whats up guys, I think we are all rapped up in looking at the smaller picture here. We are clearly entering a new state for bitcoin and i think the answer is obvious. What comes up must come down and i think we will see a continuation of downside for bitcoin for an extended period of time. Completing our 5th wave extension to 20k put us in a "peek area" for bitcoin and now we need to reset. This would take us to around 3k for bitcoin and would collateral with my previous chart I posted. Good luck! and trade safe.
BITSTAMP:BTCUSDShort
by toaby