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Bitcoin-crash

📉📉📉Bitcoin Crash Incoming???📉📉📉As you can see, we have a large scale head & shoulder pattern forming on the HTF. I have an inclination toward bitcoin having a mini rally to 48-49k in the next few days and weeks to fill in imbalances left during the selloff (refer to bitcoin futures chart to visualise gaps). I strongly believe that we are done with this cycle and bitcoin could head all the way to 10k. Thats not to say that the next cycle could start as early as next year. Lets see what happens!
COINBASE:BTCUSDShort
by NasBaz
Days are limited Figured at some point we'll make another leg down further to 25k or so. Timing has been most difficult. The pennant is closing in. The pennant is starting to droop downwards, which is the sign that it's almost over; however, that often means one more attempt up. We may be looking at one more attempt to break above around 37.5k, but ultimately, I see Bitcoin capitulating soon after. It's less about if it's going to happen, but when it's going to happen...a week or so?
by Ungovernable
7
BTC may drop now to the bottom of the golden pocket and beyondThe type of dip (descending arch) we are seeing on the hourly often has a sharp fall to follow. If we look at the last descending arch it was the last time there was a major dip. Following that we can estimate where it might fall to and take out a long position. For now it's a short. The first drop might bounce from the bottom of the golden pocket, which is also the weekly S2 and the bottom of the forming triangle, providing us with some confluence. A bounce to the upside would probably see it reflect off the top of the golden pocket / weekly S1 and make its way forther down to find support again at around the 29k mark.
Short
by myleztone
1
Ethereum on FIRE!?? FEAR & GREED, Buy or Sell at $1800-1900???Calling the short term bottom here! If you missed out on Ethereum at $4600 when there was euphoria and nothing but positive news, now is time to consider Ethereum at the best discount we'll see in decades. Discounts can even be better as the whales have dumped, short term minded speculators bailed and derivatives toxicity overflowed. Once people figure out why banksters don't want competition, everyone will be buying this new generation real money, controlled by math instead of crooks counterfeitting their "just because we say" IOU gov paper. Don't bet the farm and never trade crypto leveraged. That's like asking a poker pro to be your banker. You'll walk in feeling rich and aiming to leave richer and you'll walk out penny less. Also, don't trust crypto exchanges. They will be taken out by banksters and the puppets they control. Yes, that makes trading more tricky and is the #1 reason non-traders, HODL investors, should only do cold storage wallets. Peace out. PS When you start hearing about all the Ethereum V2 taking over the world with low transaction fees and energy use, sell 50% of the ETH you buy at sub $2K and repeat this wonderful cycle of fear and greed.
BINANCE:ETHUSDLong
by UnknownUnicorn2413721
how to rally to 100k btcas i said yesterday after breaking down that giant pennant on 4h chart the crash was coming but are the bulls dead? or just tired. if we look at bitcoin history a crash of about 40% happened fairly regularly in the past bull market and every time we made such a big correction btc raised over 150% after the crash which I cant put the chart here because I'm not a pro member (such a bull*hit) but you can check it out for yourself and its really cool to find this patterns so where that put us right now?! i think we might still have some room to go down and test the 20ma on the weekly chart at somewhere in about 42k which is the last top we made after the breakout from 2017 ATH and if you measure from the current all time hight 40% down that puts us on exactly around 38k and if we go up 150% from there we look at something about 100k. and I personally think this absolutely can happen the most possible scenario here is testing 42k which is not exactly 40% but is a powerful level and we can reverse from there. this can be on of the best buy the dip situation of this bull market. so watch out for the next few days.
INDEX:BTCUSD
by official_bugs_bunny
Can BTC break above our center trend???Woooo weeeeeee. Things are lookin' spicy right now. Even though BTC recently made a new ATH we still actually haven't broke our center support/resistance line from the previous cycles. It has proven to be a worthy opponent multiple times, each one resulting in over 30% dumps. Orion is also showing a possible reversal right in the Daily, which is telling me that this is truly a resistance zone. Not only that, but the signal line is showing a bearish divergence with the price. If the trend does reverse in the next day or two, we will see if the bottom of our rising wedge will hold us up. Then, Bitcoin will need to push past our center S/R and solidify it as a support before we can continue this bull run. If we can't..... someone please save our souls. I dont know about you peeps, but my boots are shaking. Good luck to us all.
BITSTAMP:BTCUSDShort
by OrionAlgo
1
The end of the bull run for Bitcoin - This time is different 80kHello Guys and welcome to this analysis about Bitcoin! We all know about the current bull run for Bitcoin but the question is. When will it end? Well if you ask me it will happen very soon and I will explain it to you very detailed. Remember Bitcoin has always done the same in the past. The history is repeating . Price Prediction Searching on the Internet about the Bitcoin potential Price Prediction you will find a lot of theories about that. The Super Cycle, the Stock to Flow Model and many mores. They all claim that this market will go crazy to the upside. Now there is nothing wrong about these theories. I also agree with them when it comes to the final Target for Bitcoin. I also see it going up very easy till 1Mio . I do not doubt this. The usecase of Bitcoin is insane and everybody who puts a little effort in doing some researches about it, will understand this. Investing Now to the more important part. How will the Price develop in the near future so I can take advantage of it and make some money. Is it good that I am currently in Bitcoin? Should I hold it? Well when it comes to Bitcoin as an Investment you should definitely hold it. Long Term holder will benefit the most of this movement. But if you are not in this market yet what should you do now? Well right now if you will buy Bitcoin and you will hold it long term there is absolute no problem. If you look back at the chart no matter at what time you have bought bitcoin you are in profit or around break even. Key is to hold. This is the reason #1 why people are losing money in bitcoin. They do not hold it long term. This is also the reason why the market will give us extreme drawdrowns in Price, so most of the investors will get emotionally and leave the market. Should I buy Now? But if you ask me if you should buy Bitcoin right now then I would say definitely NO! I expect some serious drawdowns on Bitcoin in the next couple months. I can not provide you a specific date but I can provide you specific numbers. I expect in the range between 78-82k a big drop of -86% Everybody will just ask me if I am crazy. No I am not. From my point of view that would be the most logical scenario right now, why? Cycles If we have a look at the Bitcoin Cycle we will see that the history has repeated exactly the same. I will refer to the bull run from 2012-2013 We can see that the market went up around 12000% . If you compare it to the bull run 2015-2017 you will notice the exact same number. Also both correction were almost the same: 83% That is crazy. Now we have even more similarities for that. We can spot a triangle Pattern and a Inverted Head and Shoulders Pattern. Now if that was the same that means the current move to the upside is that bull cycle that brought Bitcoin end 2013 till 1000$ If I am applying right now the same Fibonacci and the same Percentage Growth then I come to the target between 78-82k. Of course this target can varify a little bit as we have seen the % are not 100% the same. Therefore we can expect right now the market to go up till that area and to drop afterwards -86% and to come to the target between 11-15k . That drop would also test the inverted Head and Shoulder Structure exactly like in 2015 the market did. Additional Confirmation We can also spot at the same area a Trend Line Resistance which can also be an additional confirmation. If the price will drop during 3-4 day about -40% then we have our final confirmation that the market will go for that -86% drop Institution: Now people would say this time is different. We have big institution who bought Bitcoin. It is not possible that the price will drop that much. Well that is true that there are big institution like Tesla who bought Bitcoins. Well they did around 30k because it was only around that specific date time possible to do this for them. But remember. Those are long term holders. No matter what they will do they will end up as winners. If the market will reach that level they can realize their profit. Which would be about 3x. That is very good money for such an institutions. And if they will not do this they would hold it during the whole drawdown and probably buying some more. Now the thing is that there is still the higher power who could always bring the price down. Whenever the Supply will be given the market will drop hard. Very hard. That is just normal economic cycle. Final Thoughts: From my point of view this market is very exponential already. After such an exponential growth the market needs at some point to give us a big drop. Imagine the Bitcoin Price at 80k. So many financial institutions, hedgefonds would be in big profit. That will mean for them positive year. They will all close from my point of view. No matter how much higher Bitcoin potentially could go. They will rejoin the market for sure. But probably at a lower price. Also remember to the end of 2017. Nobody thought about Bitcoin would drop -82% Nobody! Only 1% have been exiting at the top because they know exactly how the economic cycle works and they have been master in technical analysis. They have been just counting 1 with 1 and I am doing it right now the same. I strongly believe that we have right now the same setup like in the end of 2013. To many aspects are showing me the same. Also right now the media is telling us to buy bitcoin. At that high price? No thank you. Following the media has been always a wrong decision. I am looking to attack and to rejoin at the lower price. From my point of view it is better to realize the profits before this big boom. When it comes to this markets it is always better to be a little bit more pessimistic to not lose that % gain. Me personally of course I am going to hold some of my Bitcoin in my portfolio longterm but definitely I am going to realize some of the profits before this big BOOM. Thank you that you have been reading this post till the end. It really means a lot to me. Let me know what you think about this idea in the comment. This post is just my personal opinion based on my knowledge for the market and the researches I did.
BITSTAMP:BTCUSDShort
by DariusFxTrading
24