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BTC ScenariosAs i said before BTC may still be in it's bearish trend ,because we can see a bearish flag. for A few reasons: * BTC had a strong pull back from 3k channel: * BTC is in a weekly bearish trend: So if BTC break's the support and it's short time up trend it would confirm one or all three support areas (DONT PANIC, I'm looking for a better entery point, We are going to moon after all right?) If it doesn't free fall to 3-4k channels it could go up to 7k channel but still it need to correct itself after that strong pullback Right? And 3/4 time frame's MACD says it's time to have a little bit of red ones.(1H, 4H, 1D, 1W) After all i hope you don't just take my word for it and lose all of your money over it ... You aren't a complete moron are you??! I'm just kidding smart *ss , bet 100% on me goddamn it 😂 (i'm not kidding)
Short
by Iampyhr
1
BTC Short ScenarioTake a look at this chart and please understand that this is not trading advice. I am simply taking notice of the larger trend that BTC has been trading in and continues to trade in. Any hope and dreams of this being more than just a wick at this point are just that, hopes and dreams...the fact of the matter is that until we can prove that this is a reversal impulse move that will get us out of the bear trend, we remain in a bearish channel just above a support that if broken could be catastrophic for the BTC price. Full disclosure, I have a short position on margin and a long position with no margin. I use shorts to hedge and I believe this is a great hedge position to have.
KRAKEN:BTCUSD
by Optimus_Pr1me
Summer Bull Over?The more Bitcoin plays out, it seems like the bull run that people are waiting for has already happened. Following the blue trend line, it seems like Bitcoin could be heading into another bear market which will see Bitcoin sell off to $5,000 area. Its a higher low than last time. Reality is, greed comes plays a part in this as well when in reality the bull may have passed. It was still a very significant bullrun in a short time frame. If you loo, the MACD and RSI are still bearish. There is plenty of room coming down. The thing is, alt-coins were supposed to break out these last could of days, but it seems it was short lived. We could be heading in for a long bear market. $3,000 to $13,900 is a 360% increase. Thoughts?
BITSTAMP:BTCUSD
by WorldEconomics
BTC Immediate Support at 200 ema After plotting the fibonacci levels from lows back on December 2018, and the high at June 2019, we can see that the Fib levels have acted clearly as support and resistance in several times. Considering the 200 ema as immediate support, it is very similar to the 61% Fib retracement level (aureum number), which means that is the strongest support so far. I expect to have a complete retracement back to 7200ish, with a small bounce up to 8500ish, a brief period of consolidation and then continuing the downward trend, to form a Head& shoulder pattern. The support directly below, could be the linear (log domain) support between 5500-4500, that can be plotted since 2013 and that has been the major trend since the beginning of bitcoin. Conclusion: Bearish, starting the accumulation around 7200usd.
Short
by aqs21
Btc Major Short, bulls have been hoping for a move up for a yearVery strong short signal this time people. Bulls are finnaly about to get a load of reality. It is what it is and we can profit on this. After a year of waiting we have come to this point were the price can no longer support itself any more. The magic 6k support about to get broken and this time it's gonna be real ugly. targets are 5.5k/5k/down around 3k. We short above 6.3k bitfinex price and with a stop loss at 6.5k. Margin: 5X. We will also move down SL to profit later for security.
BITFINEX:BTCUSDShort
by Nirland
2
BTC Reversal levelsLower volume than prior uptrend indicates weakness, if you take a look on the weekly chart you can also see bearish engulphing candle that took off 3 weeks of uptrend in just one candle, in fact 85% of the retracement was given in 24 hours, this is something that we can't ignore, selling preasure was way too high, and it will probably show up its power again between $6740/$6850, zone where we have a Strong horizontal resistance, plus 100 daily ma and 20 daily ma of bollinger bands. For now there are no signs of reversal, no bear divergences in smaller time frames either, this reversal is most likely to happen in 2 or 3 more days, before the weekly candle closes on sunday 16.
BITFINEX:BTCUSDShort
by bitcoinwizard1
Is this the bottom?Hi traders, as you can see we predicted harsh down from 7800. Our target to go long or to accumulate was 6850 which surpassed as the trend line of the triangle was broken. At this moment we still seeing more downside action towards the previous supports (6000 and 6450) due to: - a pennant which is a bearish formation which indicates continuation for the downtrend. - people still not interested in buying at this prices which is telling us that they still waiting for a price target such as those previous supports. So, another leg down is ineluctable which will lead us to those supports where we have to se bulls taking action confirmed with big volume, if not, it would be a devastating event in bitcoin (for holders) or an advantageous event for those who are shorting or want to accumulate more bitcoin. happy trading!!
BITFINEX:BTCUSDShort
by TheArabTrader
BTC/USD - Bulls Folding or Fake Out to come? @AlpoCrypto BTC/USD - I get asked a lot - When will the bulls be back? My answer is simple, we all want to be bullish but when the facts on the charts are pointing toward an ultimate bearish scenario a bulls mind can change very quickly. What we are seeing on the daily chart above is a huge 16 week accumulated wedge on BTC. We had a double top around the $7,750 - $7,800 mark which was almost one of the most predictable moves ever. We also dropped out of the falling wedge on the 4 hour time frame and found huge resistance on the previous support. I do think this market wants to see a lower BTC price and I feel a bearish market cycle needs to end in complete pain on some peoples ends, it needs to shake out literally every person that cant handle any more.. Are we close? Hmm I think we are although I play the charts as I see them and at the moment I feel a daily close below this wedge would give us the confirmation of a 6k region BTC even potentially lower if key supports are broken. A hold on the support here would be a great sign that there is buying pressure in this market. A scenario to definitely watch out for is a huge fake out. A long wick here on the daily to hunt stop losses and liquidations would be an ultimate bear trap. So I wouldnt be tethering or taking huge short positions till we close below on the daily. Dont be foolish for a few hundred dollars. Lets see how this plays out. Message me on Telegram @AlpoCrypto to chat or join my VIP signals group.
BITFINEX:BTCUSDShort
by Alpo_
DA BEARS & Sunday Downtime BTCI just want to apologize for the large amount of rays, I prefer to keep major support/resistance lines plotted. BTC really abides by them for good buy/sell lines. With all the downtime I am getting today and the expected retracement and subsequent bull-push I was waiting for, I've decided to take a little look at the information in front of me instead of twiddle my thumbs until DA BEARS return. Which is all good with the balance of things, Da Bears clearly have their mind set on driving the price down. My thinking is that their goal now is the previous lows of last month now simply because if you look at my chart there is a descending trendline from the peak back on 20January, which was a response to the sell-off from the 19k high. If you look south there is an ascending trendline that I built off the lows following the drop from this peak, and you can see that BTC is abiding by the bounds of this wedge that has formed from these two lines. Based off this, I wanna say that BTC will approach the top of the descending blue line before about-facing toward the ascending line. Got a different thought? Throw it at me, knowledge is power, and that is a power best shared.
COINBASE:BTCUSD
by mikehobart
BTC pullpack to 6000 levels in weeks to comeLooking at the Fib overlays, BTC is moving around the .5 and finding resistance at the .618 range in the more immediate trend and in the longer range fib. Applying the Fib time zone we can see that from the formation of the high at Mar 5, the next two segments of the fib trends are a repeat of itself, there are double bottom adams that repeat in zones 1 and 2, I've indicated them with the letter 'A.' In the 2nd segment, there are two double top eves. Although the zones do not fit the exact trend, there can be a case made for a repeat of this pattern as a continuation of trends in the current trend segment. I am still bearish on BTC, moving to test levels at 6000.
BITFINEX:BTCUSD
by retrorecall
3
SEC SCARES THE BULLS CALLS THE BEARS - BTCI had previously called out for an Elliot wave inside a channel and a corresponding cup and handle formation. It seemed we were on track to fulfil my targets - we did have BTC pierce the 100 and 200 EMA a few times but it was finding strong support on these averages and the corresponding fib level - 78,6%. Lets not talk about the past, dwell on the past as it seems that BTC has clearly fallen out of the upward channel and is now forming a potential bear flag! Like I said in a previous update, BTC was strongly testing the channel and if it were to break support then we would definitely have to turn bearish! I did not take any trades and was only going to trade a potential break out of the wave and cup and handle formation - with TIGHT stops of course. I have left the previous analysis drawings of the cup and handle with target for this chart. But will eventually remove them once they we are further and they are no longer relevant. RSI is strongly oversold on the 4h chart at around 24 - on the 1d we have the RSI indicating 44 so we still may see even more downside! BE CAREFUL! The MACD is showing bearish divergence and on the 1d about to show us the cross of death! Get ready guys this is going to get exciting! It seems we are back under the downward channel trend-line - blue - and it showed NO evidence of support. BTC shot right through. What we have now appearing on the 1h and of course even on the 4 hour chart is a potential bear flag. Do not count on the bear flag as we might see a strong reversal to the mean, BTC has been going down for a while. We have to leave more time for the bear flag to form before confirming anything. The bear flag formed should put us down to the 8k level this of course pushes us way past the 50% retracement level and down to the 38% level. What's going on? Well our market cap is currently sitting at around 394 billion dollars - that's about 50 billion that have been wiped off the face of crypto. And it seems that the catalyst for this FUD is the SEC announcing that all exchanges must register with them: www.bloomberg.com This is after previous FUD where the SEC seems to be investigating any and all ICOs which could potentially be seen as securities and creators could face hefty fines and even prison time - I'm looking at you Ethereum. Please if you have anymore information to share please do so in the comments below and I'll try to keep y'all updated. This is not financial advice and I am not a financial advisor please do your own research! Best of luck, X
BITSTAMP:BTCUSDShort
by dereckmezquita
2