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Correction, Crash, or Burst of a Bubble?A market crash is a rapid and often unanticipated drop in prices. A market crash can be a side effect of a major catastrophic event, economic crisis, or the collapse of a long-term speculative bubble. A bubble is an economic cycle that is characterized by the rapid escalation of market value, particularly in the price of assets. This fast inflation is followed by a quick decrease in value, or a contraction, that is sometimes referred to as a "crash" or a "bubble burst." www.investopedia.com
BITMEX:XBTShort
by Moshkelgosha
7
This is not March 2020. Don't jump the gun on the left After breaking the lower trajectory of the upward triangle, bitcoin staged a rally, but only to correct the downward slope. Now we see that MA6 is suppressing, and there is an upward channel here, and we have to pay attention to whether the support of the lower rail is effective. Once the channel falls off the rails, it can dip to its former low of about $43,000, But I think the real purpose of this correction should be to confirm support for the MA144.
BITSTAMP:BTCUSD
by peter-l
2
Time proves how accurate is the analysis!I asked my followers not to participate in any opening day, why??? because I reviewed all the IPOed stocks in the past 3 years..! 80-85% will go down between 30-90% in a couple of weeks or months..! Even big names did the same, do not believe ??? continue reading: this is the result of research-backed trades..! Interesting? not? Learn From Past Experiences, History repeats itself in different ways! don't believe it? look at this: Still don't believe? I can not do anything to convince you not to put your money in the wrong place, you are good prey for the wolves of Wallstreet.
NASDAQ:COINShort
by Moshkelgosha
5
Bitcoin Ready for another Big dump toward $44000...?#BTCUSDT TA update:- $Bitcoin currently trading at $55000 level. Short term bullish in small time frame but Big time frame #BTCUSDT bearish. After Brokeout $59000 BTC sharp dumped till $51300 This is also very important level. After dump some recovery in btc but I am expecting this is retest level. Retest level:- $57000-$59242 After this we can see 2 scenarios:- Scenario 1st:- After retest we can see again Big dump till $44000 as per TA analysis. Scenario 2:- If any daily candle close above $60000 then Again we bullish because this is very strong resistance level. Again I suggest you Don’t trade blindly always trade after confirmations. Support:- $50806/$44262/$37462 Resistance:- $60000-$61000/$65000 Please click LIKE button and Appreciate my hard work. Must follow me for latest crypto real time updates. Thank you.
COINBASE:BTCUSDShort
by CryptoPatel
49
BTC: Bears & Their FlagsThis is an excerpt from Kraken Intelligence's "The OTC Daily". To stay up-to-date with the latest market developments, be sure to subscribe to Kraken Intelligence at kraken.com Since giving up the 50D SMA over the weekend and bouncing off a local low of $51K, the bulls have been struggling to turn the ship around and regain any kind of meaningful ground. As we can see in the 4H chart provided above, BTC has made a valiant effort in closing back above the 50D SMA, but with little luck. To make matters worse for the bulls, price action over the past few days seems to suggest a bear flag is forming. As the name implies, a bear flag is a technical pattern that provides an extension/continuation to an already existing downtrend. As such, one could expect BTC to break to the downside sometime between now and April 30 (the flag's apex). Even if BTC continues to bounce between the flag's trendlines and eventually breaks through the flag's support (~$53,300), it's not exactly clear where BTC will then bottom out at. But of the limited historical price action that exists, the case could be made that BTC will find support at $51K. If said level fails to hold, a close eye ought to be kept on the $46,300 - $49,500K region. This is a range that we saw BTC spend a decent amount of time inside of in late February and early March before trending higher. Thus, it's most certainly not out of the realm of possibilities that BTC revisits this range yet again. Do keep in mind that in prior bull market cycles, BTC has typically corrected anywhere from -30% to -40%. With BTC having yet to correct that severely this market cycle, we should consider what kind of correction BTC will have incurred if/when it revisits any of the aforementioned levels of support: A move down to $51,000 would imply a -21.5% correction from BTC's all-time high of $65K. A move down to $49,500 would imply a -24% correction from BTC's all-time high of $65K. A move down to $46,300 would imply a -29% correction from BTC's all-time high of $65K. For BTC to have corrected -40% from its all-time high, BTC will have to revisit $39K.
KRAKEN:BTCUSD
by phum126
Bitcoin Ready for $44000...?#BTCUSDT TA Update:- #BITCOIN currently trading at $55830 According to my TA I told you about this scenario and hope you also prepared for this dump. I clearly told you some days before when BTC break $59000 then ready for $44000 So Now this scenario is applied. I am bearish below $60000 So guys Keep watch this important level. Support:- $54500/$44417/$33958 Resistance:- $60000 So guys if BTC break upward $60000 then I will bullish otherwise I am ready for $44000 and $34000 Never trade blindly. Always open any trade after solid confirmations. Please click LIKE button and Appreciate my hard work. Must follow me for latest crypto real time updates. Thank you.
Short
by CryptoPatel
33
Bitcoin | Don't Catch the Falling Knife..!!#BTC (Update) In Daily timeframe Chart, Rising Wedge Broken Downside & Bulls lost the EMA50 Support too. So Far Bitcoin Looking Horrible so Don't Catch the Falling Knife, We Could See More Downside Move.📉 First time Since OCT 2020, Daily Candle Closed Below the MA50 But Bitcoin is Still Moving Above the Major Trendline. If Daily Candle Closed Below the Trendline too, Then this Will be Bearish Sign for Bitcoin. (Bitcoin Might Crash More 📉) Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!!
COINBASE:BTCUSDShort
by Faibik
How to operate after the Bitcoin crash? Bitcoin's "floating flag" is well established, breaking the lower side of the "triangle" on the downside today, triggering a long unwinding, with $600 million of holdings disappearing in one day at OKEx and Huobi. Here's a reference. The CME exchange is closed from Saturday to Sunday, so when it opens on Monday, the movement of the CME's bitcoin contracts will have a big impact on the currency market. So far, the CME's bitcoin contract has left two jumps open at $54,400 and $59,400. According to the logic of gap covering, CME's bitcoin contract will cover the following two gaps. Now there's a problem. If the price of bitcoin is above $54,400 before the market opens on Monday, it means that the impact of long positions being unwound when the CME opens will directly drive the price down. In other words, the higher the rally now, the more bearish it will be Monday morning. So let's hope the bouncers here are cautious enough. Stop being cannon fodder for the dealer.
CME:BTC1!
by peter-l
3