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Bearishbitcoin

Massive 4H short for the almighty BitcoinLadies and gentlemen, we have a clear as day Bearish reversal signal in front of our very eyes. Bitcoin has confirmed a double top pattern for the right shoulder of a massive head and shoulders. I'm looking forward to shorting the re-test pf a pivotal neckline. I'm projecting a decline of at least 3,000 pips over the course of the entire move. Price is looking to continue creating its daily Lower Low as well as a breakout from consolidation. This pattern can be seen clearly from the daily as well as clear structure breaks on the 4 hour timeframe. I will be analyzing the 4H for the setup however my entries usually come from the 15/30 min. sometimes the Hourly. However I anticipate a strong volatile swing bullish before the decline.
COINBASE:BTCUSDShort
by DesharedPierreJr.
🩸🐂 Short-Term BEARISH Bitcoin - Pain incoming for Bulls.I may be shooting myself in the foot here for posting this before the daily close, but as of right now things seems bearish. 1. We broke down from our parabolic advance. 2. The sell volume as of 3 days ago was the biggest we've seen since march. To me, this is a clear sign that BIG money moved out. And it may signal further downside as retail traders fail to make any significant breakouts. 3. We seem to have hit the Golden Pocket on a retrace, and more selloff Will likely occur as bigger players hedge their bets at the .618 Fib level. 4. The MACD is flashing its first sell-signal. Typically this wouldn't worry me, But the MASSIVE sell-volume to match it makes me want to play cautious. 5. We moved so FAR and FAST above any other supports that I believe it would be healthy and good for BTC to establish some supports and pull-back. HOW TO TRADE THIS MOVE: It's highly likely if we breakdown to my listed Buy Zone that we will see a retrace to $30,000 - $32,000. IF we do reach the levels in my buy zone, we may be in for further pain. I wouldn't be shocked to see BTC fall down to its previous All-Time-High to retest it as support. HOWEVER: it's important to remember that sub 20,000 levels Are HIGHLY UNLIKELY because of Fed printing and Supply & Demand issues. Currrenly more BTC is being bought than is being mined. So for that reason I pray we reach 26,000 Levels And I will be a huge buyer. As things stand, I am on the sidelines and won't buy this current pump because it may very well be a lower high. I won't be buying anything UNDER 42k. If I am wrong and we do continue bullish momentum, I will only buy a clean breakout for a New All-Time-High. Happy Trading!
BITSTAMP:BTCUSDShort
by RookInvesting
8
Bitcoin to hit 3000 by 1st December 2018 (6 months bearish)Looking at the MACD on the weekly looks like we are going up soon, but I do not expect to break out of the falling wedge. On the monthly chart (posted below in the comments), the MACD is fully bearish and it looks like it will take a lot of time to get back. Bitcoin needs institutional money to go up. Summer time is coming when many people are in holidays and business is slow. From this point of view we can expect a bearish summer and from September slowly consolidating. Until december I see a few big spikes, but remember that every year 2-3 weeks before Chinese New Year (February 5th, 2019) the market crashes. So, in the worst case in my opinion, the market will recover only starting from April 2019 onwards, after there are more regulations and more confidence. Remember, when weak hands sell, strong hands buy. If you don't want to lose, HOLD with patience and your time will come. Bitcoin is here to stay. Please leave your comments and opinions below. Thanks and happy trading.
BITFINEX:BTCUSDShort
by TUDORm
1