$Bitcoin to $2000 Down Trend inside Down TrendBitcoin is about to drop to $2000. It has hit this support 4 times and will soon break through, heading much lower.
Drop!
Time to get some popcorn, Bitcoin going downDaily chart on Bitcoin shows a pretty clear downtrend. 200 and 50MAs are close to cross (the two are already signalling a downtrend on the 4h and 1h charts).
Highlighted in red the levels to watch for resistance/support.
With almost all crypto in red territory, the bubble likely popped. Time to get some popcorn and prepare for the show.
BTC - LTC - ETH = SamethingHi guys.
Just look!
Look at the chart of BTC, LTC and ETH.
They are identical.
Wait before buying. $$$
Love you all
STR SHORTShorting stellar margin on poloniex saw a nice setup for a b to c leg in this bull trap
(now that bitcoin is headed to test 8000$ i'm expecting a lower low in many coins I am mainly buying all this panic but Stellar still has a good risk to reward ratio for shorting so i'm shorting for the next few days or so down to the bottom of its 1 wave)
Big picture this is just a 4 wave so STR has a lot of upward movement left but for now we need to see lower lows to test its 1 wave .
EURUSD to drop to 1.1850Triple top formation on the daily, the next key support is at 1.1850. I would expect it to reach this level within the next couple of days.
BTC appears to have failed to break 11,400 resistanceMost of it's in the chart. I think BTC will pullback to $9,250 range as it seems to struggle breaking $11,400.
Lemme know your ideas below,
-Kristian
NZDJPY Drop-base-drop + 50 febo + previous resistance Drop-base-drop + 50 febo + previous resistance
BTCUSD is dropping DOWN to 8620$I see the opportunity to SELL BTCUSD
it is moving down from now to most likely 8620$ area
but right now it will trying to go a little high but NOT expect to go higher then previous high on 3H timeframe
so stay and watch
Enjoy trading
If you like please like and follow me
Thanks
New prediction on BTCI don't really know why I thought BTC had broken out, but it had appeared that the run back up was breaking out of the channel. Now I am having second thoughts, and thinking it will reverse.
It's interesting it had such a huge run back up. It'll also be interesting to see if it can stabilize and keep running or if it'll go into free fall again.
BTC to drop to 5kBTC has hit its peak, and is now heading down. I expect it'll get to about 5k before it finds bottom again. I don't see any reason it would make any sort of significant rebound, as there's not a whole lot that gives it value, as I have said in previous posts.
Comment below if you agree/disagree.
The fall area ! The last stage! !Because of the high volume of sales, this is the last peak we will see
After that, sales will go up
We believe that we can not go any further than this
Here is the end
The last stage!
BTC Vs USD
Stay tuned for more posts
Like And Follow
Reversal Signal ! We Will Go DownstairsHeroic back
Just a few days ago,we had exactly predicted this route
Now we will see the signal back
We are now moving forward according to the forecasts, the capital will be lost and we will enter the correct growth area.
BTCUSD
Please follow and like to keep the chart open and update for you !
BITCOIN ( I MEAN BITCON) TO GO LOWER LOWS 9/2/2018Please take a look and not much to say other than you can make up your mind, if there is anything i'm missing please do let me know, otherwise to me for my own advice im not going into a trade until it hits the lows and then im moving in on the trade, but never the less thats my thoughts---------
BTC and it's grim futureIn my initial prediction of BTC price, I thought it would have more upswings on its long trend down. As it plummets with runs back up few and far between, I chose to revise my idea.
If you read my last post, you know I don't think there's much value to Bitcoin, primarily because there's little to nothing that gives it any real value, as well as it not really solving any issue that online platforms for transfer of traditional currency can't.
If you choose to short BTC (which you can; www.investopedia.com), I think you've made a good choice, first and foremost. However, it certainly isn't risk free. As it falls, it's likely to have buybacks that push the price up. It's also unpredictable, it rose to 20k on the basis of very little, so it could pop back up for no apparent reason as well.
Good luck. I myself choose to stay away from cryptocurrencies due to their high volatility and nature of of unpredictable drops and pops.
If BTC breaks support @ 7500...1. Upper resistance @ 10000
2. Current support @ 7500 (currently testing)
3. Next level of support @ 5500-6000
4. 8-day EMA has been dynamic resistance level the entirety of 2018 (with the exception of a few false breaks)
5. Bullish Pin bar but...
-poor risk reward ratio
-countertrend
6. EFI is negative
7. A counter trend trade RIGHT NOW with a tight stop would have a great risk/reward ratio but also has a high chance of failure
Bitcoin in freefall. Pivot point is 8864. Below Pivot point, we will experience a bearish scenario, above a bullish one.
BTCUSD broke the lower side of the purple triangle and dropped to 8400, closing at 9030. It is no more caged inside that violet triangle and it is free to drop further. There are only a few weak support levels and I expect a quick fall to 5511 and then a slower price decline when approaching 3230.
SHORT IN EURAUDAfter broken the consolidation in 1D, the price formed an ABC Diagonal on 4H chart. We have divergence in MACD, so now I'm waiting for drop, with the target at the top of ABC.
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Después de romper la consolidación en 1D, a formado en el gráfico de 4H un ABC Diagonal. Tenemos también divergencia en MACD, así que busco una caída, con un primer profit en el tope del ABC.
Which occurrences determine the price of Bitcoin? Why is that pressure on the price of Bitcoin? What is the reason for the huge drop in the price of Bitcoin? Why is the correction such excessive? Let’s have a look on the two main influencing variables.
Criminal activities in the milieu of Bitcoin.
Governments worldwide seized Bitcoins worth more than 3.8 billion USD . They started to sell this huge quantity of coins, which makes a huge pressure on the Bitcoin’s market value.
The calm before the storm.
Like on any other cryptocurrency with a fixed number of coins, there exists a relation between the number of Bitcoin users and the price of the Bitcoin. As the price of a coin increases with a growing number of users, a cryptocurrency has no inflation on the long term. With a fast growing community, the price of the Bitcoin knew only one way: up, up and up like a rocket. However, things are changing to the bad right now. For several reasons, the number of Bitcoin users will rapidly shrink on the short and middle term. Because of the relation between the number of users and the price of the coin, we will see a fast drop in the price of the Bitcoin and it will not recover from the low price on the short term.
Please read the full, very detailed story here: achieve-your-goal.com
Technical analysis
After a sharp drop from 17174 down to 9005, the price is consolidating right now. The consolidation range may go up to the red dashed line at 12787. Above that line, a lovely bullish scenario of riches and wealth is waiting. However, will the price of Bitcoin achieve to regain the bull-trend and go towards 22500 and 24000?
It is more likely that Bitcoin fails to break that red dashed line and remains in the bear-trend. If this is the case, after testing the level of 12787, a sharp drop in the price down to 5568 will follow. I personally think that it is a good idea to sell Bitcoins during this current consolidation phase and avoiding a huge loss.
Disclaimer
I sold all my Bitcoins and I will rebuy them once the price of the Bitcoin will be below 6000. I publish my personal opinion and not a trading recommendation. It may be that I change my mind without an announcement. Everybody has to take his own decisions and is responsible himself for his trades.
GBPUSD testing a major resistance : SHORT Price is approaching a major resistance that has already been rejected on the daily chart. The price respected the Fibonacci extension levels and RSI shows that price tends to be overbought at this major area. I would expect a major drop to the major support at 1.36 area. I would suggest then : SL at 1.39600 with a TP at 1.36181
