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Dump

US30 its getting close!!I'm watching us30 for a while now and it's finally moving in the direction I like to see. I marked all the details on the chart so you can understand why I think this and where you can maybe take a short but keep in mind to wait for a confirmation in the POI and only then take a short. I'm not a financial advisor but if you have any questions ask them in the comments. if you like what I post, please take a look at my profile and consider to follow I would really appreciate it :) I'm always open for a conversation
UShort
by RoyCC
18
BTCUSDT strong support zones formed here after dumpTwo strong support zones formed here first one is near 0.5% and 0.61% Fiboancci and the second one is the 40K daily support zone. if the price manages to break these support here then the market is extremely bearish and dump is expected else we can expect range and rises here like green paths mentioned on the chart. The main resistance zone is near 55K and if it breaks price can pump hard. DISCLAIMER: ((trade based on your own decision )) <>
Long
by MMBTtrader
30
#BTCDAILY - 6.DEC.21 MACRO LOOK AT BTC#BTCDAILY - 6.DEC.21 MACRO LOOK AT BTC What a few days!!! We have been dumping now for about 24 days - so if you've made it this far without selling or DCA'ing well then keep it up! Although we will probably have a little further to go. After taking some further time to look at current movement versus previous patterns $40k-$42k is looking more and more like the bottom to me. I think we are going to move into a descending triangle/downward wedge from here. There is a slim chance of bouncing to $53k from here but SLIM. The support we are on at $46k looks weak. Currently our Key supports are: $46k $40k $30k This is not a FUD analysis but a heads up that I think we will drop further to target stronger DCA buys and accumulation. Things to look out for is key adoption (Amazon, Ebay, Apple), Spot ETF (Grayscale, ARK), national adoption (similar to El Salvador etc.) or even PayPal opening the doors in other markets to turn the tide.
by Kryptochristian
BTC possible decrease Bitcoin has hit the 50 day MA today after $900 million has been liquidated. This has caused bitcoin to start forming a second shoulder in a head and shoulders pattern on the 1 day chart. At the time of writing bitcoin is $49,000, following the head and shoulders pattern bitcoin could see $55,000 before further plummeting to $40,000. However, if bitcoin rebounds from the 50 day moving average it should pass all time highs of $67,544 to possibly see $100,000 by mid January.
B
by Nickfpv
BTC BULLS ARE NOT DEAD YET BUT THEY WLL GET A BIGGER REJECTION The entire Crypto market crashed today and Bitcoin Dump to 10k to hit my Nov prediction support of 42k to 38k support. This is a video update of that BTC dump prediction and here is why a bounce is likely before more dump. A full technical analysis review on today's BTC price dump with Bitcoin Gorilla. In my last video analysis on 15 Nov 2021, I talked about two important support 42k to 38k and 32k to 28k range. the first support got hit this morning and is currently bouncing but there will be a retest of this support range before buyers can confidently bounce good but I don't expect a new ATH at this point instead a stronger rejection is likely.
by MachiavelliTrader
Bitcoin eliminates cowards and rewards the tenaciousSummary of my advice to traders Buy Bitcoin at $50,500 the explanation By studying the behavior of Bitcoin, we find that it is heading towards a strong support area between $50,500 and $53,000 Bitcoin has been unable to maintain its price over the past period. We see a repetition of the behavior of Bitcoin now for what happened on the twenty-first of July and the twenty-first of September, behavior that causes traders to fear the decline and exit with the lowest loss (stop loss) and then billions of traders’ wallets who sold at a loss will be liquidated, so that the whales start buying from the prices of Low and benefit by raising the price of Bitcoin again.
by fady_ramsis_bashandi_bishay
BTCUSD: Time for a blastHello Traders! In my previous post, i mentioned that there is a fear of a drop in BTC and i said that BTC has planted a bomb. The reason why I said that is I saw an unusual behavior near my True reversal point. My True reversal points are derived from multiple strategies and it's the strategy that can give pinpoint accurate value of reversal but in some cases market reverse after breaking the true reversal point. Like in the previous post BTC broke the 56670 reversal point and dipped 1.88% more which is not a good sign and i said it's like BTC planted a bomb and looks like I was right and here we go now. In this dip i am expecting that BTC will touch 49K and reverse from there. So get ready for a roller coaster ride. Below I am adding previous post and few examples of my true reversal points. Click to open the post. Previous post previous post Example 1 Example 2 Example 3
Short
by Aadil1000x
4
Bad News For Bitcoin - BTCUSD Short UpdateBitcoin continues to exhibit signs of fatigue following the 500% bull run that took place over the last 15 months (Late Summer 2020 - Fall 2021). As we come into a key area at $57k-$55k, a break below this range will likely take us to $43k very quickly in one ugly devastating move. From there, a few unfortunate herbivores will rush in - thinking it is a great opportunity to buy and try to "beat the fed" - only to be massacred again (figuratively speaking) shortly thereafter. I do not like the looks of Bitcoin - both from a technical perspective and a macro perspective. The former is mostly summarized above and in the chart; the latter is really based on what i would describe as three general macro factors: 1. Political 2. Market 3. Financial Politically, my supposition (and recently validated to some extent) the idea that new regulations will fulfill the idea that developed governments will not ever adopt nor compete with crypto. In terms of the "market", I think the recent ETF-ing of cryptocurrency, puts them in a position to - at the very least - compete with other ETFs; this means profit taking and long-money-flows that are really more subject to the well-integrated real economy. I am essentially asking the question: "is Bitcoin / crypto really that important to the mechanics of the global economy?"... I honestly do not know the answer to this question but I keep leaning towards the answer being: no. Why? The third and final piece of my current thesis: the prevailing financial structure is denominated in dollars - particularly $USD. What this means is that if you do business in anything where dollars are involved ( oil, US companies, etc ), that means the associated tax obligation is also due in dollars. Before we continue - the validity of this idea is all based on the idea that the US government and our DXY member-partners do not and will not accept anything other than dollars (or their respective currencies) for outstanding tax obligations. So now any time someone says crypto is the "new way" or becoming "more widely adopted", they have no idea what they are talking about - at least not in terms of opportunistic investing/trading. Again, if a business has to accept non-dollars as part of their revenue, they have to exchange or somehow convert those non-dollars (crypto) in order to meet their tax obligation; which essentially means that a portion of their revenue and proportionate ability to meet short and long term obligations, is subject to 1. Political headwinds and 2. Market pressure from the real economy. Be well.
BITSTAMP:BTCUSDShort
by ChiefMacro