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BTC #BTC 1D Chart - Downward Short termIf BTC Bitcoin price breaks down I can see the 0.382 fib as support area. This also comes in around 50 SMA. I also want to point out on a larger scale a rising wedge in the orange triangle. It is definitely something to pay attention to. Analysis is on 1D chart. HIT THE LIKE AND COMMENT BELOW PLEASE. THANK YOU! CHART ON TRADINGVIEW USING MY AFFILIATE LINK: www.tradingview.com (thank you in advance!) Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
BITFINEX:BTCUSD
by MillionaireEconomics
1
Bitcoin is heading into a short term correction After closer examination, it seems reasonable to assume that the Bitcoin price will go through a short-term correction before a retest of the previous all-time high can take place. At least if past patterns will repeat. Upward sideways movements, where a clear bearish divergence is forming on the MACD and RSI indicators on the 4-hour chart, are typical for Bitcoin. Currently, we have such a move in place and accordingly, it resembles the pattern that the above chart illustrates. So, today we could see another attempt to establish above $58,000 after a smaller countermovement, which should happen now. In this attempt, a kind of double top (3 + 4) would be formed according to the pattern and would result in a larger correction (8-12%). Of course, it should be taken to heart that the movements shown are similar, but never the same. Nevertheless, this comparison makes it clear that a correction is to be expected here soon. I would estimate that this will begin sometime between tonight and tomorrow. Using Fibonacci levels, we can identify some possible price targets for this correction: (1) 0.618-Fibonacci level: $54,200 (~6.8%) (2) 0.500-Fibonacci level: $51,500 (~11.7%) (3) 0.382-Fibonacci level: $48,650 (~16.6%) In this context, price target (2) would fit best into the previous scheme in terms of magnitude. However, price target (1) would be preferred from the price structure, since previous corrections led the price back to the beginning of the sideways movement.
BYBIT:BTCUSD.PShort
by MisterCoinlover
Bitcoin Approaching Key Levels in a Rising Channel!Bitcoin made another rally upwards from the bottom of a wedge that just invalidated the claims of ascending channel and confirmed that the price is moving inside a rising channel. This channel is good as long as broken and the support area of this channel has been tested a couple of times. One easy way to trade this channel is to open a short when the price reaches the top of the channel and open a long when the price touches the bottom of the channel. On the other hand, Bitcoin is approaching a strong Resistance Zone of $57k which is also a 0.786 fib level from the April's high. It is strongly suggested to be very cautious at these levels because we are in a rising channel plus approaching a strong resistance zone, failing to hold will take us to the area marked as strong support zone and maybe below. Also, Bitcoin has been bullish for so long and we've been moving without testing the supports, so it is okay to be prepared for one. Good Read on Rising Channel: patternswizard.com Bitcoin Price: $56,700 Thank You & Good Luck. Give a like and follow :-)
by TychonTrades
3
25th Sep 2021: Bitcoin On The Road to $19,260It is Q4. Q4 momentum is the year end momentum. After Bitcoin did the 2nd ATL, we all already know that this Q4 and next year will not the the favour for Bitcoin. We still losing momentum from the China mining market although Europe and US country has already toped up their hashrate to cover the temporary process decline. But it is not enough. We all know that this mining process is the stimulus injection. Elon and Microstrategy trading planned their crypto strategy wisely after all the hype from the past quarter. I am predicting Bitcoin will going to $15K trajectory and although $15K-$20K, is the best intrinsic value after all the collective year. We are losing power. While other sector has planned their agenda to withdraw their bitcoin fund. They need a documentation, report and news. They will create a news which we will think that this is the result of the news itself. The whales being in control over their fund and we should follow their recent news since they are the market momentum. We are still looking for the Soros comes in play for the playa. I am pretty sure he will not coming very soon. He just looking the right moment and momentum to pump and dump. We are seeing the crypto is just a gameplay for their money chess trading. The all time holder we seeing liquidated. They know something that we do not know. All the market mood being in consolidated. Either in gold. Dow Jones just crashed. The mood for the market is not happy with the currency last quarter of the 2021. While all the small player market has demanding their rewards perhaps not in a good time. Semiconductor industry also has been in despair due to not enough silicon chips to produce a GPU and asic mining and for other electronic car parts. Im not seeing crypto will be blast to the $100k very soon enough since it need more energy and processing of electronic. Everyday we are seeing many altcoins created daily. This also has been dragged and reducing the bitcoin momentum power for domination. The player has now not in the favour for bitcoin since their seeing altcoins in the pump and dump scheme by finding and collecting the momentum coins/token. But lots of player also has being in wrong turn favour after their altcoins stucked not pumping again. Being in crypto industry for the century of 2021, we being seeing the news on 'THE RISE OF HACKER' For internet industry and energy consumption, this is the biggest tread to the world of cryptocurrency. Greed and fear index has been reducing to fear as the HOPE momentum not in the favour for the long term holder. The hope after the crash erased the trust in the cryptocurrency recently. Despite that, I am seeing the Bitcoin will drop to the $19,260 if not worst to the $15,000 trajectory signal. Zezu Zaza 2048
Short
by Zezu_Zaza
4
BTCUSD Short IdeaMy previous BTC long hit TP1, and as I said I moved SL into Break Even once that happened, so made small profits on that. Now, I'm shorting. We have printed an inverse Cup & Handle pattern, and the technical target for that is my TP2. TP1 (the purple line) is at a support zone. Evidently, fundamental factors going on in China are seeming to impact the overall economy negatively which is also reflecting in the crypto space. I'm expecting a falling crypto market for the near future. Will enter and post more shorts if I encounter any.
Short
by afatuliaj
2
Bitcoin to DIP further to complete the correctionAs mentioned in my previous analysis that Bitcoin's momentum is weakening and expected Bitcoin dropped. You can read my previous analysis under related ideas. Going by chart, Bitcoin has completed wave A & B of ABC wave and now heading towards point C. At around 35349 - 39052 falls two fib channels. First channel is from point A to B, where Bitcoin can potentially bounce from fib level of 1.618. Second channel is from the start of the impulsive wave, which will collectively form Wave 1 of the Super cycle. So Bitcoin has already passed 0.5 fib level. Now it is heading towards 0.618. If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends. Also don't forget to smash that FOLLOW button to get daily analysis of multiple crypto currencies and sometime ASX stocks. Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
Short
by Manjyot
3