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Bitcoinshort

Bitcoin dropped. Now what? Hello Everyone, Bitcoin dropped. I have been calling for a drop to around $45,000 for a few weeks now. My analysis on every chart has always stated that we needed to pay attention to the waning buying momentum and bearish price action on the monthly, weekly, and daily charts. Now what? Well, I think the first thing we need to do is relax. These moves are healthy and helps the bull market long term. Before you possibly fomo into a trade or you’re looking to enter at a lower price, lets go over some technical analysis. 1. Bitcoin’s 4-hour timeframe is showing a dead cat bounce upwards from the previous drop. This is when bearish price action takes place as price is moving back upwards to retest an area of resistance with volume going down. If you are currently in and looking to exit, I would sell in the Dead Cat Bounce Zone. 2. The day timeframe is showing that we have broken to the downside on the 3 month long Ascending wedge. This could indicate a further move down as the trend has changed. 3. Bitcoin’s weekly chart is showing buying momentum waning and short-term charts are giving this more validity with bearish price action and breaking to the downside of our ascending wedge. 4. Daily MACD is showing increasing selling momentum as Weekly MACD is showing decrease buying momentum. This tells me that there is a high possibility of 1-2 weeks of downward movement. Maybe longer. 5. Daily price action was reflecting bearish and now volume has come in and bitcoin has dipped. This gives more validity to a short term downside. 6. Bitcoin has closed below the 50MA on the daily chart for the first time since October. This suggests that it may continue down to test the 100MA or possibly the 200MA support lines. With all of the bearish things talked about, bitcoin is still in a bull market. Bitcoin has not tested a single weekly moving average when back in 2017 bitcoin danced along the 20 and 50 weekly moving average several times by April. I believe we are overdue for a “bounce” off a weekly moving average, the first being the 20MA which is around $45,000. Bitcoin has also seen 6 green monthly candles in a row. Bitcoin could use a red month or so. In my opinion, I would not consider a buy until we retest $53,000. This would establish a possible double bottom pattern which is bullish and might be a good stronghold for heavier buyers moving forward. My overall price target for buying is $45,000. As always, be patient, have risk management, and good luck trading!
COINBASE:BTCUSDShort
by RomanXIV
4
BTC DOMINANCE GOING EVEN LOWER!?Bitcoins dominance has been on a continuous fall and we are now approaching the 50% dominance level! I think we could see a bit of a hold or bounce here in the short term but i think the continued fall is inevitable, we could see a fall to the 40% and then finally the 35% level. The 35% level was the absolute peak of the 2018 altseason and IMO i think this years going to be a even bigger and better altseason that we are just getting started. It is very impressive to see for the most part bitcoins price has been going opposite to the dominance! We are getting very heavy pushdown from both the EMA ribbons and the ichimoku cloud, the ribbons look like they are starting to open up even more creating more bearish pressure. We are seeing a very bearish cross on the Zero Lag MACD, Our orange has just crossed the blue and the Red MA is starting to come down fast. The histogram has printed a bearish bar and IMO i think we could see this continue for the next several days! My personal opinion for timeline for altseason and aprx from today is 2-3 months. NFA!
CRYPTOCAP:BTC.DShort
by JacobR905
4
Sitting Waiting Sitting and waiting with the cards I am dealt... Good? Bad? IDK I hardly play poker... I feel like the only adult supervising and I am watching what the kids are going to do next because they said to me "Watch this...!" "Humm is that good idea??? Well, if they can climb that high my guess is they should know how to get down"🤷‍♂️ lol EPIC BOOBOO! For who? BITCOIN and ALTs the young hyperactive fledglings at the park that just yelled "Watch this!" Soooo I am watching... What are your thoughts? Is it bad that people like to realize gains say and say things like "Cool! More Dollars now!" Most will answer with an emphatic "YES!!!" LOL Or am I really the only person that's down to pull profit? LOL -No advice just thoughts that I can't shake after the last 5 years in the world of "CRYPTO" ""KEEP CALM AND MANAGE THY RISK!""
INDEX:BTCUSDShort
by BradySWilliams
Bitcoin Price $160,000 by February 2022Bitcoin has had a relatively large uptrend in the last 32 weeks, just as it did in late 2017. However, the momentum seems to be slowing now, and the MACD and RSI are showing bearish divergence on the 1 week and 1 day log chart. Here I use a log chart to predict the price of Bitcoin turning down in the coming weeks based on these bearish indicators. Bearish Divergence on 1 week MACD, Bearish Divergence on 1 week RSI Max hype, max media attention seen in years. March is historically the worse performing month for Bitcoin, followed by September. The overall trend is still extremely bullish in the long term! But I expect a retracement to the middle of the log growth channel. Perhaps a bounce off of the 38.20% Fibonacci level near $36,000 as support in September 2021, then resume bullish trend until around $160,000 in February 2022. As new corporations adopt bitcoin as a store of value such as Square, Microstrategy, and Tesla, the price will most likely push higher. However, most companies probably also see that the price is at a relative high, and will most likely wait for a better price to buy. In order for bitcoin to continue it's latest trend upward, it would have to double in the next month or two. I just do not see where an additional $ trillion is coming from in such a short time. That being said, I also agree with PlanB's stock to flow model. The prediction in this chart is still in line with PlanB's model. Bitcoin will no doubt be near $100k-160k by late 2021/early 2022. But as we all know, Bitcoin is a very volatile asset, and drawing a straight line to those prices from this point doesn't make sense. Bitcoin is in a parabolic growth phase currently, and momentum is slowing. It wouldn't fit to draw the left half of the Eiffel tower without then drawing the right half.
BITSTAMP:BTCUSDLong
by bodeen88
Bitcoin: Structure is close from breaking, to the downside 📉We still have the parabolic structure the price was forming as a support (remeber a parabola isn't linear, it's curve, so it's more permissive than a straight line going up). 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
CAPITALCOM:BTCUSDShort
by E-x-t-r-a-v-a-g-a-n-z-a
4
BTC Going To "0" !? Wow, So who would have thought that we'd get here? Just about any person in the space would say that they knew and called it but with so many saying and believing how many are just simple repeats of thought outside of their own view without even being aware of the cultist view crypto harbors to simply just follow and buy at the Top? Perhaps not "you" but many have in the past, many are now and much more will again in the future. Plenty to say with little attention spans so... YOLO Bra! 🤙 LOL "Noobs please try to understand some people have had bags bigger and longer than you." 🤷‍♂️ #Fixed What are your thoughts? Is it bad that people like to realize gains say "Cool! More Dollars now!" Most will answer with an emphatic "YES!!!" LOL Or am I really the only person that's down to pull profit and even short a little??? LOL -No advice to give just thoughts that I can't shake after the last 6 years in the world of "CRYPTO" "KEEP CALM AND MANAGE THY RISK!"
COINBASE:BTCUSDShort
by BradySWilliams
14