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Bitcoin-crash

BTC to 1200$Hi traders, Now I am going to share a scared TA infront of you.Although it's totally my prospective. From 7 may btc is dropping madly, In a day btc droped from 9000$ to 4000$ In a day 5000$ value is wiped out. Curently btc is going sideways.which is forming bearish flag pattern. If the pattern break down successfully we can see btc to below 1500$ Huh we don't want that. All though we hope big whale miners will give support to bitcoin specially russian miners as russian miners are unprofitable if price goes below 3000$ currently US miners are in unprofitable
COINBASE:BTCUSD
by F1Trading
Analyzing possible second BTC crash in the coming daysZoomed out on the 4 hour, and pulled left a little with support/resistance fibs indicator. Looking back on November-December 2019, was the last time the lower (green fib) dipped as low as it has the last 24 hours. However BTC broke out and went up, which hurtled it to 10k+ instead of taking the green fib down. This same green fib shows another dip, which as of this idea, goes far lower than the previous one in Nov-Dec 2019. BTC will have to catch the ride up again, or we could plummet below 3200.
FTX:BTCUSD
by dragonfire1024
1
Where is the bottom?Still following the same channel, hasn't broken down too bad. The solid lines represent a strong support and resistance levels and could bounce of those. Before I guess the bottom let's see the upside or the resistance levels at 9356 and 9849. First support is at 7516 a small dip could be possible to 7262 or even 7019 . Next is the levels I see on the Fib circles .382 seems to be at 6996, a very strong support and could act as impenetrable, the .50 at 6444 and the .618 sits at 5914. If the support breaks down then these prices can be the best to either enter or start buying for the next bull run. Good luck to all
COINBASE:BTCUSD
by ivandsouza75
S&P500 IT BubbleTaking a look at the IT sector of the S&P 500, we can see a some-what bubble formation. If you look back at the DotCom Bubble you will notice the same has developed ( High, High Low, High High) before tumbling down. Same as the Bitcoin Bubble. Now, going back to this chart it has currently formed that High, High Low and High High pattern exactly the same as the Dotcom and bitcoin bubbles did which leads me to believe, the IT industry crash is imminent. As tech gets more reliable, there are more and more people who need to buy less of it as their current technological device is reliable enough. Slowing the growth of the market before eventually dropping off. Any comments or criticism is welcome.
SP:S5INFTShort
by JamesEY
1
BITCOIN: CHANCES DE INMINENTE DERRUMBE, NUEVOS MIN DE CORRECCIONFOREXCOM:BTCUSD LA MAYOR DE LAS CRIPTOMONEDAS SIGUE DESARROLLANDO UN CUADRO DE VULNERABILIDAD DE MEDIANO PLAZO, PRODUCTO DEL CICLO ASCENDENTE DEL DOLAR A NIVEL GLOBAL, POR EL CUAL SE HA DESARROLLADO EL CRASH CICLICO DE MONEDAS EMERGENTES Y MERCADOS BURSATILES. SEGUN EL CONTEO OPTIMO DESDE QUE SE IMPLEMENTARAN LA OPERATORIA DE FUTUROS Y QUE PONDRIA FIN AL CICLO ALCISTA, ESTARIAMOS CON CHANCES DE DESARROLLAR UN NUEVO DERRUMBE HACIA EL NIVEL DE SOPORTE DE 1850 DOLARES. (POSIBLE INTENTO DE FIN DE CORRECCION, PERO DE EXTREMA VULNERABILIDAD) MANTENGO TARGET OPTIMO IDEAL DE 1150 / 980 COMO NIVEL DE FIN CORRECCION LANZADO HACE UN AÑO ATRAS.
BITSTAMP:BTCUSD
by compa1968
Bitcoin 80% drop and lots more to come!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Bitcoin is crashing and continues on doing the same !! BITFINEX:BTCUSD is down by more then 80% this year!!. We are looking for another significant drop to the @3000 level, thats another 25% wow! From my experience stay on the sidelines or short sell!! Follow your Trading plan, remained disciplined and keep learning !! Please Follow, Like,Comment & Follow Thank you for your support :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only! Update idea
BITFINEX:BTCUSDShort
by SMPTrader
1
A Crypto Year In Review - Life ends, but death lasts foreverIt's been exactly a year since I got into this market, and it's been quite an adventure. I've learned a lot about myself, psychology, and market behavior. It hasn't been easy. However, a year of my life has gone, and I'm not really comfortable with losing any more of my life to observing this market. So, this will be my final analysis until I see fit to return, which will probably be tomorrow ; ). Just kidding. I really need a break, and it's possible you won't see me until sometime in January. Mental health is important, and this market is brutal. This is only to my small group of followers (and to myself). If you want to skip most of the text, just read the 4 bullet points at the bottom. I had a feeling that we'd eventually need to meet the log trend line formed at the end of the previous bear market. Didn't think it would happen this quickly, but here we are. As you can see, today's "bounce" happened right on that line, in the 4200 area. There are no long term supports below 4100 or so, which means bulls better hope it holds. Right now, it seems like it's failing, but the 4K-4.1K area is holding FOR NOW. The only "supports" below here that I can see are 3K, 2.5K, and 1.8K (dotted lines). It's actually pretty good that we've gotten to this area so quickly, because now we can get it over with and see if there's any real strength left in the market. There are definitely a large amount of buyers here, which is good (confirmed by volume). They may need to see this log line continue to hold before confidently entering bigger positions though. Additionally, the U.S. Dollar really does look like it's on the verge of collapse. This would be good for Bitcoin. This really doesn't look like a convincing bottom yet, which is concerning. This next drop needs to cause a significant spring, ideally all the way up to the 5200 area. Either that, or we need to stall here and slowly move up along the log trend line, as we did at the end of the previous bear market. Since this market is so crazy though, anything can happen. Bitcoin can crash all the way to 2K and rebound in a single day, if a group of whales plan accordingly. So be extra careful. I'm posting this as a YOLO long trade just for fun. If it goes up from here, it would be nice to see my chart turn green when I push the arrow :P If it crashes and burns, so be it. Lessons learned. Alts are showing some bounce attempts now...though most of these bounces are continuing to get sold, which is good for day traders, as they can just keep swing trading to accumulate more for the "real" bounce up, or the next breakdown. Volatility is clearly back with a vengeance, and if you're caught on the wrong end of a trade at this time, it wouldn't look good. This market is not a very forgiving casino at the moment. I am still more bullish on alts like XRP and XLM than Bitcoin. This can change, but they've shown such strength recently that I have become a firm believer in their resilience, and their ability to become true payment methods in the future. They are starting to show some signs of weakness though. There are also hidden bullish divergences going on in alt price action as well. For example, we should have seen BAT crashing down below 3K on the BTC ratio, but it has held 3500 quite well so far. This signals to me that it may be ready to reverse its long term downtrend against Bitcoin. Also, NANO, which I have used often to gauge market sentiment (as speculative investors see it as a "new" Bitcoin alternative), has gotten back to its 2600 support pretty quickly, although it's still struggling to hold. This is fairly bullish, nonetheless, and it's still above the $0.75 bottom from August. For future reference, I am making a list of which popular alts have shown the most strength (in my opinion), and which have shown the most weakness. This is based on a variety of factors (volume, ability to hold support since the August 13th 2018 bloodbath, active communities, strong marketing, good investor sentiment overall, etc). I speculate the ones that have shown the most strength will have the biggest returns in the near future, and many of the weak alts will remain flat for a while until improvements are made, or until they fade away completely. As with every huge speculative market crash, certain assets never recover. What goes up must come down, but what goes down doesn't necessarily have to go up. Life ends, but death lasts forever. This is why I can't waste more time on this market. Anyway, this is not a complete list. These are just specific ones I've been keeping track of over the last year, and observing their performance. I have held each of these coins, at least briefly, in the past year. Bitcoin would actually be on the weaker list, along with Bitcoin Cash, because they've been having an identity crisis (investors will likely be turned off by this), and have inferior technology to XRP and XLM. They have also dropped below support levels more than some alts. Some of the strong alts are making a case for potentially flipping Bitcoin in the future in terms of market cap value. This has something I've been saying for a while. I'll admit, it's totally speculative, but I was right at least in the short term, that XRP and XLM would continue to do well despite the market sell-off. You can read about why I predicted that in my previous analyses. Here is the list: STRONG ALTS: XRP XLM BNB NANO EOS GVT SLT (1000% since February, 500% since I bought in, even in this bear market) - The biggest winner in my portfolio, but the smallest investment (oh the irony). I sold half my stack recently back to XLM to take some profit, but I have a feeling it could go up much more long term. Still waiting to buy back lower. Patience is key in any market. NEUTRAL ALTS: IOTA BAT ADA TRX VET WEAKER ALTS: NEO ETH ENG WTC ICX OMG This list is obviously subject to change, but this is how I see it now. We'll see how all these coins do in the future. Anyway, for anyone reading this, I hope you've enjoyed some of my analyses. A year constantly observing this market is enough for me. It'll be fun to look back in a few months time to see how everything plays out. My speculations in summary: 1) XRP may very well surpass Bitcoin, and XLM may very well surpass ETH 2) Bitcoin IDEALLY needs to hold 4100-4200 to remain bullish long term, but a GIANT bullish wick to extreme lows (3K-1.8K) IS possible, so be careful. 3) Some alts look much better than others 4) Life ends, but death lasts forever. Get out and enjoy your life. Here is my recent post about the market (on the XRPBTC chart): And my recent Bitcoin analysis: This is not investment advice. I am clearly not a professional financial advisor. Just someone who knows a bit of TA and has been following this crazy market over the last year. Bye for now. Good luck! -Victor Cobra
COINBASE:BTCUSDLong
by VictorCobra
2
Bitcoin , biased journalism ,C.C.N. BitscamLast night, a journalist from C.C.N., while Bitcoin was still in freefall, urged and ADVISED people to buy in. Explaining that at around 4600 (and change, who can keep track - unless it's your JOB) Bitcoin had found it's bottom. The piece was marked as an Op-Ed , a disclaimer indicating that he is not a financial advisor - this was not to be construed as advice , and everything else that is verse and chorus in the "please don't sue or prosecute me" song. "Buy the dip." If you are still in H.O.D.L. , and bought the "dip," depending upon what amount you bought you have that much less wealth. If you set a stop loss, you have that much less wealth. Fool me again?? Once upon a time Journalism was an entirely different entity. Conducted with respect , integrity and FACTS. Last nights article brought me too a surety that is making my blood boil. I didn't buy the dip. I'm not drinking the Kool- Aid. I had to quit. WHY? We who make up the community of Tech enthusiasts and /or investors have been done a GREAT INJUSTICE for about a year now , perhaps longer. It's like Bernie Madoff squared. If an untrained, self taught observer like myself can see that the traditional weights and measures do not and can not apply to crypto , Journalists working under aid in this very esoteric sector most certainly should have come to the same conclusion before costing people their hard earned money day after day with their arbitrary analysis and predictions. My blood is boiling , why? The people of this world have been subject to the biggest scam , ponzi pump and dump scheme in the history of man!!! Biased journalism , naked price manipulation that can be SEEN if you watch an order book , perpetuation of f.o.m.o. , fomenting gambling addiction , lies about price direction , support levels, resistance points. Constant prodding with the baseless claims of imminent breakouts. The sickest part of this is that people are behind what is happening and they have grown very , very wealthy. Bernie Madoff wealthy. Not everyone is guilty , and I am quite sure that journalists who work for crypto new companies are under pressure to sell these stories. After all , an entity devoted to crypto news exclusively wouldn't thrive if they told the real truth. I suspect bribery in one or more forms , job pressure , and a herd mentality that tends to cause these writers to agree with each other. They probably just re-word another article half the time. I DO believe that a digital currency will thrive based upon it's technological merits and use cases, but that is a product of research and I am not going to do this community the disservice of mentioning which one. Nobody has been talking about the human toll. Disclaimers aside , there are a lot of dreamers in the world. During the Great depression , or as it ensued , people became so distraught that they were jumping from buildings often enough for it to be etched into human history. The stock market eventually put protections in place so those events would be less likely. THERE ARE NO PROTECTIONS IN THE CRYPTO MARKET. There are people so deep into this downward spiral they cannot make themselves cut their losses. Insanity is defined by repeating the same cause and effect actions again and again , expecting a different result. There is a human toll , taken by greedy fat cats and scam artists who have no qualms about killing peoples dreams , savings , retirement resources etc. I'm done. No more writing. I will not inadvertently cause any harm to this community. Mining for nothing, hash wars , halving etc. - there are digital transaction networks and their tokens that don't require mining, but like I did , you'll need to research that if you don't already know , and while that may be an advantage , I'm only sure about the fact that I am very , very unsure. Caveat Emptor. Best of luck and fortune to all of you.
BITSTAMP:BTCUSD
by Cryptocautious
Yet more fake media, bordering on the imaginationI just read an article about the current BCH hard fork and how that useless project is going; notable perhaps only in that Wright and his merry band are threatening to take BCH down by mining empty blocks etc. if things do not go to his liking. This man is a child , but if enough people choose to follow him , I DO believe they will do serious damage to the entire crypto community as a result of inter currency pairs, and the math between them. One childish man. At the same time I noticed , along the side of the "C.C.N." page , something I used to read for guidance but now consider the "enquirer" of crypto , a link to an article postulating that "Tokens are going down, is the S.E.C. preparing to impose regulation?" Really? Those in power know the answer to that already. Those with sense know that wherever money can be found and more importantly MADE , some branch of government most certainly will get involved. But this, potential S.E.C. involvement as the reason behind Wednesdays carnage that continues today, has me smiling at a time when I have taken damage. It is naked manipulation bordering on absurd stupidity. It is an affront to proper journalism. At some point we , as a community , need to address TradeView and ask it to STOP delivering such headlines and garbage to our news feed. I know there are controls in place but they do not suffice , as every source applicable to crypto engages in the same kind of journalism. The same naked price manipulation that one can observe the whales doing if you study an exchanges order book long enough. So now the sec ?? Do you know who is to blame - it's a what ,not a who?? PANIC. Caveat Emptor
BITSTAMP:XRPUSD
by Cryptocautious
The recent crash and the good it didI know , there are two , maybe three sorts reading this right now. There is the group that saw no crash coming, maybe was trading on the base coinbase platform, perhaps unawake when it happened , no stop loss , nursing your wounds, scratching your head , and hopefully getting ready to migrate your funds to a site WITH stop loss, but otherwise hurting. The other group knew , sold when the crash started at approximately 7 a.m. or soon enough after to make some sort of profit buying it back at a lower price , and getting more as a result. Either way , this recent tumult was something that needed to happen. Volume was at an all time low , and stalled at a point where enough people couldn't come or go in any kind of responsible fiduciary fashion. Before the crash the media was doing it's level best to initiate one, with stories questioning whether Bitcoin was the harbinger of the apocalypse , here to deplete the planet of it's energy stores and then disappear right along with the energy , but in this writers opinion it was the breach of "Maplechain," and total loss to investors that brought about the crash , other than the governing, unspoken laws of economics finally exerting their full weight on the market. Healthy markets cannot exist forever trading in an ever narrowing channel with less and less volume whilst requiring the sort of resources the bitcoin market does require , and no matter to what degree a market is central or decentralized, it doesnt exist in a vacuum. Something was bound to happen and it did. Later on the day of the crash fake media portended the further crash of bitcoin that very day and it didn't happen. Caveat emptor, and please friends, don't believe everything that you read. If you do wish to you can read about how Paul Ryan has come out and said that crypto will prevent the recession.
BITSTAMP:BTCUSD
by Cryptocautious
6