Btcbearish
BTC bear flag brewing - 45k by mid December?BTC continues in the descending channel on HTF
Now a clear bear flag is developing with rising wedge
Downside target of 45k by 11th December
Once we hit the target we should expect a bounce, followed by a lower high as we continue to consolidate to the downside
Max pain will ultimately be hit by end of January as we reach the end of the new 60 day cycle
Expect continued choppy and ultimately downside PA until then....
BITCOIN BEARISH TRENDIt looks like BTC is switching to a BEARISH trend. It doe not look good. Other also altcoins dumped fast. I think it could still be a correction. We need to stay above the main BLUE EMA and step out from the decreasing TL. So BTC is NEUTRAL and waits for the retest and more significant movement. When we come back to the BULLISH trend, it will be a massive trigger for another tremendous BULL RUN.
Correction Wave in BTC continues...Based on Price Action analysis, the confluence rate is on the level 48486. This correction wave will probably last for 5 weeks. Bullish market to break the descending trigger could be started as a result of buyers and hodlers. Optimistically, after the successful defeat of the bearish trigger, Bitcoin could be the target for 93592.
BTC correction on NEW HiGH or touching ATH ??CUP & HANDLE formation!!
...expectation as RSi on Bull has slowly recedes and Bear will take over right after that for a short term correction?
NEW ATH?
-range of new ATH before correction is possible based on volume for the last candle closing on 20 Oct 2021. Assume that within these few days start of this publishing date ( 20 Oct 2021) Bear will take over anytime soon!
ATH?
- will it start to correct right after meet up with ATH ( 12 May 2021 )
ABC Corretction incomming for BTCA last shake out before going to new alltime high. See orange line broke, we might head for support at yellow trendline, and 57k area, as A wave, B wave retest of breakdown and C down to second blue line.
We are bullish on BTC, not taking a short but rather looking for entries at those points to add to position.
When trade is active we go over targets.
Management:
Adding 25% of position on yellow trendline, 25% at first blue line and 25% at second blue line, keeping 25% for a masshysteria and breakdown to 44k!
bitcoin in bear marketDead cross for ema, is this going to be a bear market. possible go back to 42000-44000
If the support strong enough, we can see a huge big pump from here. But becareful, we still need to reconfirm again when the price reach 42000-44000. depend on the news and twitter from elon musk too? this is not kidding. we do need to see their twit before make the next decision
***VERY IMPORTANT BITCOIN UPDATE***!!! RED ALERT!!!Hello folks and welcome to this 'RED ALERT' BTC update on a daily timeframe.
If you haven't click the 'follow' button then do it right away. Make sure you read this analysis thoroughly.
As you all know that BTC did exceptionally well after the sudden fall from $52900. Everybody in the market (including myself) showed the bullish scenarios for BTC which was a good thing.
But is BTC really bullish?
To answer this question, let us observe the chart carefully.
Bitcoin is forming a bearish divergence in the daily timeframe which is not a bullish sign at all. In Feb 2021, BTC formed a bearish divergence, and in May 2021, BTC dropped and fall almost -52%. It took exactly 3 months, where the market was creating a hype that BTC will break its ATH but it turned out totally opposite.
Now, we are here again with the same bearish divergence. July 2021 is the month when this bearish divergence formed and after its formation, this is the 3rd month running. So, you guys are smart enough to guess what could possibly happen next.
Ok, so, if BTC tends to fall again then what will be the possible exit plan?
Well, according to the chart, BTC should hit the $50k mark once again, and then we may see the dump. But if the market shows some bearish sign then we have to deal with it. However, on the other hand, if BTC breaks above the $52k resistance then it will be a completely different story.
Currently, BTC is making a move above the 21 MA (this is exactly what happened in May 2021).
The important areas we need to observe as per the daily chart are:-
1. BTC bearish divergence.
2. 21 MA & 50MA bearish crossover.
3. BTC reaching the $52k resistance.
I seriously don't want BTC to go bearish rather I want BTC to break the ATH but we all need to face the reality. In my honest opinion, after observing the chart, I am biased towards the bearish side of the market. I may be wrong on this and my chart may get invalid but I am aware of both the bullish and bearish scenarios of the market.
If you find this T.A useful and worth it then do like and share it with your known people.
What do you think about the BTC price action? Is BTC gonna reach its ATH or is it another trap?
Share your opinion in the comment box.
Trade safe.
Btc bear flag, history repeating itselfHistory is repeating it self, btc is about to go down and this time below 44k, analyzed btc charts from 2012 until now, and the movement is same, but different price range.
This time when btc falls below 200ma, it's not going cross up again. It might try for short time but it will fall again,
The algorithm written for btc repeats it self, no matter what is happening, news come in after the movement, just to cover manipulations from btc bots and exchanges that make the movement and of course earn money for exchanges.
I'm not talking about the delay that news can have, I'm talking about when something happens, not when published. It's understandable that news come out 30-60 minutes later.
Technical are overheated,
Rsi is in red zone for btc
no volume at all and rise happens, which scares me, and tells me disaster is waiting to happen.
Macd going into red zone
A lot of sell pressure, which tells me whales are booking profits, and then they will send btc down, it's easily done by margin trading if you have volume. They will buy at lower prices. Below 30k zone to average out, and have a run to 100k.
Nothing can be done, just be happy to buy lower
I think this bull run is over, it doesn't have that strength like previous bull runs, it had the strength like previous relief rallies.
Also btc jumping above 200ma and closing there, then falling below 200ma and closing there, and after above 200ma. It's same movement as relief rally, when ever real bull run happened it crossed 200ma and never closed below it again, to the point when bull run finished
I'm coming out from long positions, not going to risk my money for a 1000$ change in btc. Not worse the risk.
Climbing up is hard, but coming down is easy. You saw that yourself. When I was warning before that it will drop from 50k range. 48500 is good enough pull back in order to go more down and break resistance at 42k. You can see on order ladder or order book, there are practically no orders until that level to stop the fall. I wonder why whales don't put orders there, but only put big sell orders!?
I will go short ith small margin until 37k, it big supply zone. It will jump up from there, then I will short it again
Good luck and safe trading
Not financial Advice, recheck my analysis and make a decision, I hope you make the right one
Btc/usdtBTC 1 week chart analysis BTC very danger position BTC weekly support 21 moving average 42336$ weekly candle closing 21 moving average btc bounce two variable signal but 21 moving average break but BTC very danger position and BTC weekly last support is 35771$ and this label is break but BTC very bad dumped BTC after price 23000$,24000$ ..
happy trading...
Thank you...
A DOOM OR A BOOM? BTC is at a high risk of forming a falling wedge pattern if it fails to hold the 100 MA support.
For the past few days, BTC has been following the rising wedge pattern, and as we all know that after every rising wedge pattern comes the falling wedge pattern. If BTC successfully bounces back from this level then we can confirm that this ain't the end of the rising wedge. We may see the BTC price going higher but if it breaks below the 100 MA and the next upcoming candles are closing in red then it will surely be the end of the rising wedge pattern.
The market sentiment is showing a bearish move and we could call it a correction after a rise in the market. We still have 50 mins for the candle to close in 4 hours TF and to stay bullish, it'll be important to close above the 100 MA.
On the other hand, if you are willing to short BTC then I would suggest waiting for the candle to close.
What's your point of view? What do you think about the current market? Will it fall or will it bounce back?
Let me know in the comments.
BTC continuation fall and targets (short term dumping)Hello all!
This description will be short, my sentiment on BTC is bearish and I think if we can reach these targets it will pave way for our bullish moves everyone would like to see eventually.
We have failed to make a bullish break from our structure, I expect bearish moves to continue for the next week or two.
This could be a short squeeze opportunity, it is likely this will be a bull trap converted into a bear trap. (In other words, we will go up and quickly, only after we go down fast🆗😄)
I do not expect to see 24k, but have included it as a possibility.
( On chart above patterns were analyzed on a 4hr TF, moved to 6 hour they are slightly different keep this in mind )
🛑🛑🛑This is not financial advice🛑🛑🛑 Above are approximate targets based on fibs and major trend lines etc. I always recommend looking at multiple charts when making a big investment, thank you!
Always have a stop loss ✋🛑💲 set🆗
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome.😄
Jazerbay
BITCOIN READY FROM $30,500Bitcoin is in a range ($36,500-- $30,500) from 18 June 2021. And recently break its latest swing at 32800. So, According to my analysis: - - - - -
" if the price will retrace from here & unable to go up, fall & break the $32800 level again then We can create a Short position with the target of $30,500 or 1:2 reward ratio."
REMEMBER: Always do your own analysis before entry & take only 2-3% of risk per trade.
BEST OF LUCK
HAPPY TRADING
BTCUSDT Bearish Trendline 100%As per my analysis, BTC going same as I told you. It's time of market correction. And, it is the last stage of this. BTC will go down upto $19k. Next three five days most important because, in this five days BTC drop down up to $31K. After five days, I'll told your further in detail.
These is my last analysis same as I told :
June 12 Analysis (for detail visit profile and see my previous analysis on btc)
June 04 Analysis (for detail visit profile and see my previous analysis on btc)
BTC head and shouldersBTC may be completing a huge head and shoulders pattern.
IMO there's enough short term momentum to push up one last time, but I think the selling pressure is going to be too high. There will be too many people trying to cut their losses after buying in at the top.
The chart is pretty self explanatory.
Volumes are low.
RSI is still on a down trend.
Hit a huge wall of resistance yesterday when broke 41k.
If this pattern is completed it would be the confirmation that the bull run is over and that a deep correction is to come.
BTCUSDT LAST STAGE OF DUMP AND THEN PUMPWE HAVE COVER OUR ALL THE BEARISH MARKET STAGES. NOW, WE ARE AT THE END OF THIS BEARISH MARKET. I'VE DEVIDED THIS BEARISH LAST STAGE INTO THREE CATEGORY. AT THE LAST STAGE, BTC WILL DUMP AT APPROX. $26,000 AND IF IT'S NOT ENOUGH THEN IT WILL BE DECLINE AT LAST STAGE OF THIS PLAN THAT IS $18,600 THEN IT WILL BE ENTER INTO BULLISH MARKET.
OUR NEXT MONTH IS BULLISH.
THANKS,