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Sellbitcoin

Bitcoin is in Sell off: Bearish Rising WedgeIn this analysis in H1 timeframe we could see a possible drop of more 10%. that mean that Bitcoin it's appears need to make a correction before o c to continue up the trend, that is a possible drop seriously that bears is right now take control of this momentum. Now compared their movement, the rising wedge say us a possible continuation until the $9,100 USD go back of this level. So, It's a good opportunity to make money of Bitcoin. Well, the price entry is in the market price, with a SL at $10,900 USD and the take profit of $9,100 USD. i say you that because in 3 day candlestick or this timeframe we see that Bitcoin has the possibility to break down this support line and Bitcoin is not secure to continue up!!! Other possibility target it's could be the $8,883 USD to confirm that That could be the movement of what Bitcoin can do.
COINBASE:BTCUSDShort
by harisonhbn9718
3
Bitcoin Price to Fall Further: Correction Remains IncompleteBTCUSD price has been marching higher since it bottomed in December 2018 at around $3200. By June 26th, the first-ever cryptocurrency (Bitcoin) top at approx. $13800. Unfortunately for the bulls, the rally came to a halt and Bitcoin dropped 34% to ~$9000 on July 17th. As at the time of this writing, Saturday, July 20, 2019, the bulls are recovering the losses, and BTCUSD is trading at ~$10580. However, Elliot waves are suggesting weakness ahead as the correction remains incomplete. Let’s take a look at BTCUSD 4hr Chart Above. The 4hr chart of Bitcoin reveals the overall sell-off from 2019 high at ~$13800. The current pattern in play is called a double zigzag , which is a counter-trend price move. The price has already completed the first a-b-c zigzag in wave W in green, and a corrective recovery zigzag in wave X in green. Price is currently making the second a-b-c zigzag, and it has only completed impulse wave ((a)) labeled (i)-(ii)-(iii)-(iv)-(v), corrective recovery in ((b)) is unfolding, the completion of wave ((b)) will set the stage for a five-wave decline in wave ((c)) to complete the second zigzag in wave Y. One of the characteristics of double zigzag (W-X-Y) is that wave Y has the potential to equal wave W or extend up to 1.618 of W. For this to correct, the price has the potential to decline to as low as ~$6600. Besides, if my overall wave count is correct, the current pullback is part of intermediate wave (2). And according to Elliot Wave theory, wave (2) has the potential to retrace 50%, 61.8%, and 78.6% of the impulse move. For Bitcoin, 61.8% lies within ~$7200. There are also clusters of support around $7500 area. Verdict Bitcoin has been amazing crypto in 2019 so far, but considering all the Elliot Wave facts above, it’s not advisable to buy Bitcoin now. The bulls may end up with another ~30% loss to around $7500 from near current levels. Do you think Bitcoin correction is already completed? Let me know your thoughts in the comment!
BITFINEX:BTCUSDShort
by Veejahbee
6
MAJOR CORRECTION HAPPENINGHi guys! As I predicted in my previous analysis we had a fakeout to 9k pulled back immediately. After we broke out of the falling wedge we bounced from 8k (VPVR resistance) and then we tested the wedge as a resistance at 8.8k than we started to fall. Everything goes according to plan so far. As I mentioned before the key moving averages are the 50 and 100 MA based on the previous bullrun in 2017. I am also keeping an eye on the fibb levels and the huge VPVR resistance at 6.4k. A correction to 6.4 would make the most sense. I will probably start to average in from the 7k-6.8k range. I will keep you guys updated. ***It is not a financial advice, It is only my own opinion*** If you have any question, leave comment, and if you found it helpful don't be afraid to hit the like button!
BITSTAMP:BTCUSDShort
by KryptonuQ
BTC PULLBACK TARGETSHi guys! If you read my previous analysis, you know that I preticted that we gonna have a fakeout to 9K than immediately pull back. I do not think it is gonna be a very short-living pullback, I think the 8K will not act as a support. It would be a way too small pullback compared to our parabolic run. The 21 EMA (blue line) should also not hold. What I will be looking at is the 50 MA (purple line) and the 100 MA (green line). If we look at the price of bitcoin in the last parabolic run in 2017 you can see that when we had a move up we pulled back to the 50 or the 100 MA. We can also see that at the start of the parabolic run we pulled back to the 100 MA and than as we got higher and higher the 50 MA was the one that acted as a support. Since we are only at the start of a bull run, I would say that it is more probable that we will see a pullback to the 100 MA. At the time we get there it will be around the 6.4K region what I also mentioned in my previous analysis. ***It is not a financial advice! It is only my opinion and you should always do your own research!*** If you liked the analysis please leave a like, and if you have any questions feel free to leave a comment.
BITSTAMP:BTCUSDShort
by KryptonuQ
Bitcoin needed to avoid a reversalBitcoin Technical Overview Day Trading Range: $6410 - $6070 Day Resistance: $6365 - $6450 - $6480 Day Support: $6280 - $6200 - $ 6130 Technical Indicator: MACD: MacD shows short term bullish volume. Moving Avg: SMA20 is support Bitcoin at $6310, if break it than more down fall. Most Likely Scenario: Short Bitcoin $6400 - $6450 with strong stop loss $6588 & target $6330 - $6250 - $6170 in extension. Fundamental: On the news front, regulatory news weighed on the crypto market in the early part of the, the decision by the SEC to suspend a number of cryptocurrency trading products adding fuel to the already negative sentiment seen across the cryptomarket. While the bears will be looking towards this Thursday’s meeting, eyeing up sub-$6,000 levels, there are plenty of other drivers for investors to continue factoring in, these including ongoing SEC decisions and review of Bitcoin ETFs and other cryptomarket investment products and the much talked about unified G20 rules and regs. Thanks YoCryptoManic
BITMEX:BTCUSD.PShort
by yoCryptoManic
MOON or HELLHi guys! I wanna share my analysis with you, I do hope you find it helpful. If you liked it please leave a like and If you have any questions leave a comment below!:) BTC is now in a clear bear market, price action is negative and the sentiment is also negative. Will it moon or we gonna crash? No one knows. Anyone stating that it is 100% gonna go up or go down is just a gambler. In the past days BTC's price decreased very heavily. Moving in this descending triangle , most people expected that we gonna go down to 6.5K and not to break the April low at around 6.4k then move up to the BLUE trendline at around 8.5k. That sounds like a perfect trade that everyone sees and that is why these seemingly easy and obvious scenarios do not play out. If you want to be a successful trader you should always go against the crowd, but the timing is key. We have key support levels at 6k 5.5k and at 5k. These round numbers, previous lows or tops are the key supports for the next days, weeks or months. I do expect to break below 6k. That would scare a lot of trades causing even more panic sells and probably also incresing the number of shorts. As you can see below, short positions are increasing exponentially. You can also see that short positions are very overbought. If the price falls below 6k it is uncertain which support will hold or break, but when we reverse it should be rapid. The increasing number of short positions and then the reversing price could end up in a short squeeze. Just like on the 12th of April when short positions dropped almost 50% in one day and the price os BTC increased by 20% in one day. If we do reach 5k and it can't hold which in my opinion is very unlikely, then it is gonna be tough and gonna take a lot of time for BTC and for the whole crypto market to recover. 5k is not only a previous top that acts as a new support, but is very important psychologically too! On the 4H chart you can also see that the rally yesterday retraced the price to the 0.382 fibb which is a very important resistance and bulls did not manage to break it. It is possible that we gonna form a reversed head and shoulders where the RED trendline is the neckline. In case of breaking above the 0.318 fibb on the chart above at 6750 usd than our next target is at 7 and 7.5k-7.6k as you can see on another chart below. The engulfing candle and the oversold RSI could lead to this possible short term reverse. In this falling market price averaging is a good idea since buying at the very bottom is almost impossible, because nobody knows where it is. ***It is not a financial advice. Always do your own research before investing into anything!***
BITFINEX:BTCUSD
by KryptonuQ
LOG Chart 1 YEAR UPTREND IS ABOUT TO BREAK!!! Warning on BTCUSDHi friends! Scary things are happening to bitcoin. We not just broke the 200 MA, but we are also about to break the almost 1 year Bullish trendline. Yes as you can see it is on the log chart. Since I am a new technical analyst, I have thirst for knowledge and want to learn as much at is possible. In the book named: Alan Farley - The Master Swing Trader, I read that on volatile stocks (it also true with cryptocurrencys) it is better to use log chart in order to get more reliable informations. As you can see on the log chart we failed to breake the mid-term (red) bearish trendline. But if you have a look at the normal chart (not log) we broke the mid-term (red) bearish trendline relatively long time ago. So as you can see it really gives a much more reliable insight to the price movement. When we hit the bearish trendline on the log chart we bounced back more significantly compared to the normal chart. Both price dropping and volatility were greater compared to the normal chart bounce. If we successfully break this GREEN 1 year old bullish trendline and we close below this on the daily chart today and tomorrow it is likely to keep falling to the next major support at out previous 6k low. We have also a cross on the weekly Stoch RSI which is a bearish sign. It is gonna take time to reach that target support. Of course we have intermediate supports, but in one or two weeks it is likely to get there. If you have any question or you diagree with something, please do me a favour and leave a comment below!:) If you found this analysis helpful, please leave a like!:) ***It is not a financial advice! I do not tell anyone to buy or sell bitcoin!***
BITFINEX:BTCUSDShort
by KryptonuQ
3
Exhausted Bulls! Quick Simple AnalysisHi my friends! Facts: Head and shoulders did not play out. At the neckline bulls did not have the power to break even higher. Shooting star candle followed buy a large red candle means a strong reversal sign. We broke out from ascending wedge = bearish. We are about to break 1 month bullish trendline (blue line). If we close below this daily that is a strong reversal sign also. Daily MACD crossed = bearish. RSI is bending down = bearish. Increasing volume. Target support 9.2-9.3k. Thanks for reading. ***It is not a financial advice. I do not tell anyone to buy or sell bitcoin.*** Leave a comment if you have any question and leave a like if you found it helpful!
BITFINEX:BTCUSDShort
by KryptonuQ