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Bitcoinfall

Bitcoin - When will it stop falling?In trading, the most difficult thing is to know where an asset will stop falling or will stop rising, but there are tools and techniques that can help us find it, I mapped support zones, fibos and mirrored channels. We have a support zone that starts in the region of 20k dollars to the region of 17k that should hold the fall in the short term, but it is worth noting that there are institutions that are under suspicion that they will liquidate millionaire long positions, so I will wait for signs of reversal to start shopping in the bottom, I'll let you guys know when I've decided on something.
COINBASE:BTCUSD
by MrClock
What has been will be againThe current Bitcoin trend is similar to the uptrend before the 2017 high And now in the similar time zone as that wave, an almost similar fall has occurred. As a result, these red candles are not strange, even if they continue until next week. Although this wave does not have the power of the 2017 wave, but I am optimistic about this chart and I think it will reach 120,000 by the end of this year. _________________ '' See the analysis of others, but trade according to your decision. '' <>
INDEX:BTCUSDLong
by Aaron_Fox
BTC 12h A tense situation at the end of the month!How big are the chances of BTC medium-term growth continuation and breaking $14,000? What happens if the mark $12,850 doesn't hold up? In this idea, we will express our vision of the situation and highlight the critical points by which we will be guided in the coming time. Having gone beyond the inclined consolidation on 27 October, BTC price steadily moved towards $13,870 . Before reaching $10 to the target, buyers stopped. We wrote about this mark in one of our ideas. According to this idea, BTC price is trading in a wide growth channel from April 2020. On 2 and 18 August, BTC price touched the upper trendline of this channel. The result is BTC market fall by 20%. Now about the nature of the price growth after exiting the consolidation. In theory, after breaking the consolidation, we see a strong impulse. We agree that the beginning of growth looked so confident. But, pay attention to how sellers actively began to slow down the price. The active BTC price fall next day was on large volumes. Thus, buyers have shown that they are ready to keep the price. Although market purchases are needed to continue the trend. Yesterday we saw that buyers forces have not yet left. At least the balance of power in the market has changed. At the moment, we cannot confidently state that the growth will continue. The price returned to the fighting zone again. Critical points. After breaking $12,850, an active BTC fall will begin, which will entail the entire crypto market. Some coins, such as NEO , are already half dead and expect nothing from this life. To continue to grow, buyers first need to fix at least above $13,600-13,700. Our subjective opinion is that the market will fall and our target is unchanged - $11,450 for a start . However, now the forces are equal and yesterday buyers proved their right for their trend existence. We will publish the global idea for BTC when the price exits from the critical point. We are waiting for the weekly and monthly candles closing! __________________________ Each " like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
3
BTC 2h. $11,160 is getting real.Good morning! Consolidation and critical point in the market motivates to work more by looking for clues in history! Today we woke up and saw an interesting pattern and deja vu attacked us... In our previous idea , we wrote about the importance of the mark $13,100. Buyers failed to fix above this mark . In addition, sellers have shown that they are ready to fight and will not allow the same uncorrected price growth as it was a few days ago. The last time such a formation was noticed on the BTC chart at the beginning of May 2018 , from there the fractal was copied and imposed on the current situation. When the BTC value breaks through and fixes below $12,750 , then the falling prices process will finally activate, for a start to the level $11,160-11,200. If this fractal works out completely, then we will have a hint of the probable Bitcoin price movement for the next 2-3 weeks. We hope this information will be useful for you and help you become richer) Not subscribed to us yet? Given the market complexity, now is time to do it!
BITSTAMP:BTCUSDShort
by P_S_trade
5
BTC 1D. The Double top and the Crusade to $7000.BTC price broke the weekly consolidation upward and buyers reached $12,300. But can we confidently claim that the growth trend from March 2020 will continue? We present to your attention fractal analysis done by us. If this scenario works out, it will be the main idea for the next months for us. We will make additions and updates based on it. Therefore, we recommend you subscribe to us and like us in order to receive updates on the idea in time. Most likely, Bitcoin is now forming a double top pattern. Possible development of this figure is reflected by red bars. It is very interesting that the fractal workout falls clearly at the leve l at which we focused our attention a few months ago. $11,385 - $10,760 - $10,350 are the levels at which buyers will impose a struggle on sellers and where price rebounds are possible. However, if sellers push the price below $9825 , then literally in 1-2 months the real target will be around $7000. Altcoins are likely to fall stronger than Bitcoin. Therefore, we need to closely monitor the strength of their rebounces and whether they have interest. Cancellation of this scenario is price fixing above $12,500.
Short
by P_S_trade
8
BTC. 1D. The growth looks artificial. Maximum target - $11,600Good afternoon! We would like to analyze the situation, what is happening with Bitcoin, in our opinion. News 08.10.2020 about the purchase of BTC for $50 million. by Square, clearly manipulative. The headline screams All in long. Looking at the trading yesterday - the news worked out! However, buyers' enthusiasm is not supported by the volumes . And the volumes are average and do not inspire a confident growth continuation at all. But if you read the article, it clearly says that Square bought 4097 Bitcoins at the end of June 2020 , 3 months ago. When BTC was trading in the range $9200-9500. And they decided to boast of such good news just now? On time! For example, another company MicroStrategy in August bought BTC for $250 million, and in September for another $175 million, and it is 7 times more for Square, and it did not cause such a buzz. Usually, such news is thrown into the information space when it is necessary to create agiotage and increased liquidity . How else is it possible to imperceptibly for the market sell off and take profit in the narrow price range? In Square, the average price is around $9300, MicroStrategy around $11,000. Where it is profitable for them to fix a profit or sell position that was not gained on time, draw your own conclusions. Our opinion is that now there is a lie and manipulation in the market. We think that the price will turn downward around $11,600. In the same range, it is logical to fix profits on long positions, and it will also be possible to take shorts in order to keep up with the future trend. __________________________________ Each " like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
Short
by P_S_trade
1
Bitcoin Today: anticipated fallPrice Yesterday Bitcoin showed an anticipated fall, losing 13%, slicing through almost all gained levels and reaching the Bearish Trend Line and 6250 level, which coincides with the 61,8 Fibonacci of the August uptrend. Comeback below Bearish Trend Line will return the overall view to bearish state and open the way to the 2018 low at 5750. Sharp fall which did not met any resistance will scare away buyers for sure, so a quick return to the uptrend looks impossible right now. The first positive sign that we could see now is lateral movement above 6250. Today important support – 6250, the fall below 6250 could ignite further sell-off, maybe even below 5750. Return above 6800 would be a positive sign, but it looks unlikely right now. Today forecast Trading in the 6000 - 6600 zone. Fall below 6250 – bearish sign. The most claimed reasons of the fall Among the factors that could affect such a rapid decline in the market, analysts and commentators in social networks often call yesterday's news (yet not officially confirmed) about Goldman Sachs is ditching its near-term plans to open bitcoin trading desk. Another common version is the general negative mood caused by the decision of the popular crypto-currency wallet and exchange platform ShapeShift to introduce mandatory registration of users and to start collecting personal data. Despite the fact that the Swiss company's statement does not explicitly state this, it can be assumed that this decision was at least a consequence of today's general situation with the regulation of the crypto-currency industry, and it is not excluded that it is the result of pressure from law enforcement bodies. The news has become one of the most discussed in the community over the past 24 hours, and not all comments on ShapeShift turned out to be warm and friendly. Many directly blame the company and personally Eric Vorges for "betraying" the ideals and philosophy of bitcoin and the actual implementation of AML / KYC procedures. Goldman Sachs will not be building Bitcoin trading desk in near future The financial conglomerate Goldman Sachs will not in the foreseeable future create a trading department specializing in cryptocurrency. This was reported by Business Insider with reference to sources familiar with the situation. The main reason for this is regulatory uncertainty. However, according to representatives of Goldman Sachs, in time this decision can be revised. Nevertheless, at present, the bank is still considering the possibility of launching custodial services focused on large funds. The company also provides customers with the opportunity to trade bitcoin futures and CFD contracts. Which allow the investor to gain on the bitcoin price volatility without having to own the underlying asset.
BITFINEX:BTCUSD
by DestinationMoonCrypto