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Btcbearish

Not Gonna Lie BTC BearishDon't have time to do any analysis, I am currently on a laptop while replacing a component on my Desktop, where I do 90% of my work. I will revisit once I'm up and running. If you bought low, that should be safety enough for you, but don't be surprised if we see much lower. I am not selling anything, this is not my first bear encounter with Bitcoin. It is also not my first experience with seeing a position go down in value. Keep yourself sane, and if you are not comfortable with the amount you have, buy a little on dips/corrections/etc, if you have too much, sell a bit. Have enough that let's you sleep at night, for me, not having enough kept me awake. Keep your eyes on the prize.
COINBASE:BTCUSDLong
by JJMa
BTC WOWIt only took 19 hours for bitcoin to shave 17% of its value, with a magnificent stop-hunt claiming liquidations for about 1.5 Billion. The retracement was deep enough to reach the last line of defense around 786 Fib level. Currently under the bearish territory, looking for buy entries above 54k handle, time to wait and see. Although the crypto market remains in clear bullish momentum, we could not forget 2018 and the bitcoin correction of about 80%. After printing ATH around 19.8K, it dropped to 3.2K, taking the beast to its knees.Please remember that the market loves its past, and it tends to repeat. However, 15-17% correction could happen, given a break to the exhausted bulls to rest, regroup and regain control. In just words from a textbook, it might say, a healthy market correction was needed. Technically speaking, besides the testing of the Fib level 786, technical indicators such as RSI and MACD showed overextended conditions and solid bearish divergence signaling the bear's temporary control of the board. The chart is from the intraday realm at H1 candles, MACD about to cross for buying opportunities, and RSI getting a rejection from the oversold zone to support the uptrend bias. The market is always right!
BITFINEX:BTCUSDShort
by OGFXTRADER
4
Keep Hope Alive: BTC Bears Look for a Major Return to Sub $10KBitcoin may be in the process of completing the biggest, most extended Wave 3 in the history of all assets, literally jumping from $3K to $50K+ in one, single, pump! Quite unimaginable actually but it sort of makes sense if you think about it (of course its easy to say this in hindsight, lol). The 4/3 was a massively tricky one to catch, which I surely failed to do. Now that Wave 5/3 has come earlier than anticipated, the count shows that we're likely in Wave 4/5 of 3. I'm expecting that we will retrace back to the $50K range and pump to nearly $60K or more, but not much more. Typically at the end of a 5/4 Wave, price retraces to the previous Wave 4 level to find more support. The previous Wave 4 level for Bitcoin lies around $4000. RSI levels are still extremely hot for Daily, Weekly, and Monthly charts. This kinda drop is also nearly unimaginable and foresight isn't quite as convenient as hindsight :)
BITFINEX:BTCUSD
by DigitalSurfTrading
14
Feeling bearish $btc $dogeChart is self explanatory, I'm always a little early on the bear parade, usually one full move off, but lets see what happens this time. I just sold everything up here. I see we're losing momentum, everything is mainstream and on the news, there's a lot of resistance above, been making lower highs. I think the fun might be over. I usually go short too early so I'll wait a little this time. Good luck to everyone that just bought in now. I think retail is in for a trip, not everyone can make money
COINBASE:BTCUSDShort
by teckno05
1
BTCUSD: Possible move into a long distribution phase from hereHi everyone! First of all have a happy new year - stay healthy and well :-) When analyzing BTCUSD I have noticed a resemblance between what is happening right now (months of Dec2020 and Jan2021) and December2017/January2018. BTC made similar gains, as it did in that year of 2017/2018, recovering from a previous low back to the ATH (approx. 60%), before rallying to 20000USD (140%), followed by a long phase of distribution and panick selling. This time BTCUSD recovered back to the ATH of 20000 (approx. 60%) and then reached new highs of 42000 (approx. 107%). Back in 2017/2018 the bull run held for about four weeks - we are also now in week four. What COULD follow is a strong phase of distribution (profit taking), followed by people panicking. Yes, now "it's different" I hear many people saying and truth is, it could be. But also keep in mind that back then, when BTC reached 20000 USD, many claimed it will go even higher and higher. People took their savings and even some took loans and put it into BTC as they saw it plummeting and then sold out of desperation. What I am saying: Please be very careful with trading BTC. Those who claim that it will go to 200.000 by the end of the year, are those who are holding BTC and want to catalyze. A major difference that we can observe with this phase is that we have some big companies involved (Grayscale, Microstrategy etc.) holding millions of USD in BTC. Many see this as positive sign for the BTC prive development, but there is also a major risk: With Grayscale holding 3% of the circulating BTC we have a whale that can dump a huge amount at any time for profit taking and then rebuy at a cheaper level when individuals panick sell. In conclusion: Watch the price carefully, it's better to use dollar-cost-averaging, since the bull run MIGHT be over (possibility, but not 100& outcome). Use stop-loss and do your own research. I am no financial advisor and this is no financial advice! Many thanks to c0tt0nc4ndyTA and Wyckoffmode - so far I have learned a lot from the both of you and still learning!
COINBASE:BTCUSD
by RedFoxTrading
4
Bullish and Bearish Technical Analysis on Bitcoin (Short-term)Hi here are a few patterns I have drawn out for you, we are analyzing BTC/USD on the 4 hour timeframe. BEARISH: As you can see on the 4hr time frame for BTC/USD we can see a rising wedge pattern & a head and shoulders pattern beginning to form. The wedge consists of the head and shoulders pattern neckline and candle lows. If we continue with this pattern and see a completion of the head and shoulders pattern then we can expect a break out of the rising wedge to lower levels such as 29,000. There are many important fibonacci levels which we must pass through first, however, if FOMO hits the market we may even go to lower levels such as $24,000. If we cannot hold this level then we may go to $18,200. These levels are open Bitcoin CME Future Gaps. We do not have to fill these gaps but most of the time we do fill these gaps. With that being said, we can expect to get a bounce at $20,000 since it is such a big psychological price, just like $10,000 and $12,000 were a few months ago. If the head and shoulders pattern plays out then we can expect many longs to be liquidated and a long squeeze down to the levels I just talked about. Assuming we do visit these levels, the candles will most probably have large wicks down since many buyers will be looking to long from these levels. BULLISH: As you can see on the 4hr time frame for BTC/USD we can see a double bottom pattern beginning to form inside the rising wedge. If the double bottom pattern plays out and we move up to higher levels then a good opportunity to long would be at the bottom of the rising wedge pattern were I have drawn the 12345 pattern. EXTRA: SInce we have many new retail investors who are interested in investing, if the price does break out of the rising wedge and we do not complete the double bottom pattern then we can expect a heavy downfall in price. Of course, this will be a great buying opportunity for long-term investing.
COINBASE:BTCUSD
by Qaddex
Read This Before Calling Me a Perma-Bear! Not Convinced; I think the stock to flow model is great, but let's look at real data before we continue to put our faith in it. For example - Gold has a similar concept, in regards to bitcoin and other cryptocurrencies. Yet, when we adjust price with inflation, there is still extremely long periods like 1981-2006 where price didn't budge. And, if we look back even further at the time of the gold rush, gold did 1,000x its initial price in less than 20 years. What we are seeing now in bitcoin is the hype train coming to an end. Now, that doesnt mean that I don't think that bitcoin will be worthless, but I think it's safe to say that what we have seen since it started was the "Digital Gold Rush". If we expect bitcoin to every 4 years 100x-500x itself, we would be setting our expectations way too high, because we are assuming that the first 10 years are what will be the same cycle until earth itself is no more. Bitcoin can succeed! But!!!! We need to look at the idea of stock to flow, and understand that price still will not be identical to how it is every cycle, for reasons such as recessions/depressions - mass unemployment - wars - mass debt, and many more reasons.
BITSTAMP:BTCUSD
by w0tisl1fe
$BTC getting confusing #LetsLearntogether Hi everyone! This is not a financial advise to buy or sell bitcoin its is my personal trade and i am sharing this for my record and for educational purposes i am not a professional trader, i am also learning in this chart btcusd is forming rising wedge pattern according to this pattern we are bearish MA 50 and 200 had crossover which is bullish so i am expecting the price to touch 61-65 fib level which is also resistance of 200 daily moving average so its confusing i am not in any trade until rising wedge breaks down or we touch 61 fib level so here is my opinion thanks i would love your comments and opinions so that we can learn together. also follow me on twitter #letsLearnTogether
COINBASE:BTCUSD
by arshpremi
3