Get started

Bitcoin-crash

bitcoin cash will be more successful BCHBTC > ETCETHBCC is a real/equal alternative, isnt it? Equally important and trustworthy as BTC. The network size decides the election. Remember the ATHof ETC near 50% in price? ETC's only agenda was "immutability" supporting a thief at that time. Weak/logically flawned point. Blockchains are no autonomous. People run blockchains. You could say a blockchain network is 10000 human witnesses who all let their computers represent them (since it is impossible to do it manually) all using the same software I suggest neither long nor short today. But watch the network size and If it network is growing/catching up well is growing - as it may be near the price bottom. (for example 5% network size - price bottom near 0.05BTC)
Long
by fineregex
3
September 5th?? Breakout Time?We have at least 7 hours left in this day candle and I have to give the bull a round of applause for holding up this trend with a lowercase "t" haha. The MAMA Bear is still in effect just taking a break drinking a RED BULL lol. She is about to head south fast really soon. The Bitcoin market is definitely stalling for that date. But currently the second hidden trend gem is holding the bull up and may be heading for $7500 which is also a .618 retracement on the daily chart. I am still bearish at 7250 anticipating a heavy move below $5000. Ultimate target $1100 a Bitcoin. Medium target: $2500.
BITFINEX:BTCUSDShort
by AlphonsoElliottJr.
6
Bitcoin critical moment, how to tell if it's screwed early.We are currently at a critical moment on bitcoin, hovering above a major support level (purple line) which has been mentioned in my previous bitcoin ideas (linked). Weather this will be broken or not is unknown but the direction of the breakout of the "limbo section" (as i have no idea what it is doing while in this section) labeled on the chart. Based on Elliott wave theory, this shows how critical the hidden level 6340 is for spotting a sell off early. If this level breaks below, the bullish wave count is no longer valid, and we should assume that we are in a corrective structure. Short positions can be taken after dropping below this level. Just because it drops below the level does not mean that the trend can not continue up for longer, it just suggests that the current structure is corrective. If bitcoin does break market structure there is a possibility for a capitulative selloff to 5k or even a possibility of 4k. So in a condensed sentence: if price breaks below 6340 before breaking 6690, look for shorting opportunities even if price raises above 6690 again. I would look at my linked ideas for a look at my wider view.
BITFINEX:BTCUSDShort
by JamesRkaye
4
Bitcoin. Just don't long it. "Miss out".Warriors! Look, there's nothing holding BTC anymore. No moving average, no trendline. If it breaks out of consolidation it has been in for months, which can happen easy after we lose WMA50, it won't take the elevator down, it will take the window down. I'm going to tell you how I will do it, I will go long BUT first I will only start at maybe 6700, and really small on Kraken where I have a short 2 months old, I will close that and go long really small. And then add every 5-10% maybe. Let's say every 7.5%. For example start with $1000 on 6700, then add $1000 on 6200, so the avg entry is 6450 $2000, then add $2000 on 5950. Then go to 5600 which is about where Monthly MA20 is and it might hold, add $5000. Something like this, just a random example. Why I can go long without worrying too much is I have a short insurance which I will just keep open forever on Bitmex. I wish I had a bigger position, but it is fine. I added $250 yesterday at 7600 lol, very non-warrior. Shorting will be much more interesting here. Just look at the daily and weekly MA's above us, they are safety cushions, if and when we go back up to test WMA50 as resistance, that will be a great short entry, I will double or more my short insurance on mex and I will open an intraday and/or intraweek short on Kraken. If you hold a let's say 10 gran short from the top, you're safe to go long for 5 grans trying to get some money off bounces, if it just falls straight down and you're at a loss on your long, your insurance is here to give you your money back :) I expect a bounce somewhere in the 5800-6800 region, could be above, but it really has no safety cushion so watch out. The first support would be WEMA 100 (at 5500$), which has been reactive in the past. And it looks like that fractal I posted a while ago might actually get followed, at least at the start. Looking at it closer: Yeah I think 5500 at least will hold, and if it falls that much it will bounce harder. If you have a short hedge you can go long with no safety net and ride your loser till 5500 np :) I wouldn't consider going long before 6800 perhaps thought. Better miss out than buy too high with nothing holding it, it's just dumb. Or gambling. Cool thing is at these levels that are interesting to long, there are also some fibs! Magical! That means going long at 5500 4900-5000 & 4200-4600 is rather "safe". Also, go long on that trendline, but what is the price going to be by the time we reach it if we ever do? Going long before any real support is suicide.
BITFINEX:BTCUSD
by MrRenev
1
SHORT Bitcoin reversal imminant? well wait until 15th April So after my last chart and roadmap for bitcoin 2018 spring to summer: we gotta get a good close idea of what may happen in the days leading up to this.... some of you might just wanna take a break or do something else but i know there is bucket loads of puppers and cats all tuned in to this market right now, i mean we love seeing things fall as much as we do building them, its just natural anyhow its only 5 days away, was meant to do this a week ago, many apologies for that but everyday has been confirming what i first starting thinking about the tax returns and the cashouts since the last layer of the bubble popped we seem to be inside a triangle on the 60m chart and looks like if it breaks that support we will see a test of 600/5800 next on the list of bounce areas are $5800-600, 4200 and then if it does get panic sold extremes of $3600 $4k and $5k might come into play as psychological levels all these levels are backed up by the trusted gann fans and fibs, lets see if it plays out and this is what im following...... if you DO have any questions about this or anything else please leave a comment or join our chat in telegram link below REMEMBER all these can play out in next five days or maybe longer, also someone like George Soros can come along and buy tens of thousands of bitcoins at once etc etc list go on everything is possible, its just whether its probable, bitcoin has taught us, never say never and i have been in BTC since it was a few $$ this looks like a good time to get in, if buying on bounces keep stop loss under the last low, or hodl for all hell! bless up and bring on the cheap bitcoins! JOIN US ON THE LINKS BELOW for 24/7 FREE crypto coin analysis and ZERO pump and dump spam :)
COINBASE:BTCUSDShort
by majorlee
1
Bitcoin. Evil plan is still alive! Praise the lord!First of all for people that don't bother reading descriptions: it's not 100% sure we get this amazing entry. But if we do, it's awesome! Thank you bulls, thank you sooo much. I need you to make money, without you, I couldn't make any money. Or as Daryl Guppy would say: www.youtube.com Talking about Daryl Guppy here's our safety cushion: Even if we go up it's highly unlikely we just go up without getting slapped once first. The 3 major resistances we would run into are: - The log downtrend - Daily 50 MA that has been resistive for a while - The 8500 weekly level, which was a support right before BTC crashed to 6400 as you can see on the chart, we have this tendency to go test previous supports as resistance after we lose them. Ok so hope every one has the weekly inside bar in mind too (and monthly one is 6000-11788): I think right now we need the RSI to cool off before going further up, once we get close to the evil circle, RSI will decide what sizing to put in, if we're way way overbought, can go big and take partial profit on retrace. I'll update if we go there. Oh and anyone that goes long now because we "might" get a short entry at 8500, that's bad. Very bad mistake. Would be sad not to go there now we're so close thought, BUT Bitcoin sure has been disapointing and underperformed (my expectations were pretty low people calling me too bearish and it performed even worse than i expected...). I had a beautiful chart showing supports being tested after we lose that level but I deleted that chart :( Here it is grossly: +++ I have no idea what I'm doing +++
BITFINEX:BTCUSDShort
by MrRenev
25
BTC: There is blood on the streets. That's the time to buy.We are still in a broader bear trend, this is why this trade has moderate targets. During last capitulation, we had oversold RSI, followed by a short bounce of the price back to the EMA (10) and had our final drawback to 6k. Currently that's really the only support we have, if we do not want to go back a few months. I expect we have a little bounce and retest this area of support. The bounce will be smaller this time. Critical areas are the test of the 50 EMA and then we face some big resistances over 8300 and finally the long term downtrend. I expect the downtrend to continue, however this might be a good possibility for a 1-2 week trade. Since we get very volatile during these times, the buy zone is a bit bigger. Buy: 6000-6500 Sell: EMA (50), 8000-8400
BITMEX:BTCUSD.PLong
by oshell
14
BULLS HODL WHILE BEARS FLAG - It's only a matter of time now..Since our last BTC update, we mentioned a symmetrical triangle (dotted orange lines) that could continue our medium term downward trend. Although we have not closed outside of the symmetric range, we've seen a wick just creep below! With that wick, and a little bit of consolidation, we've started forming a small BEAR FLAG within the triangle. With so much resistance just above our heads, there are only so many directions for the bulls to go! Bulls can hodl all they want, as the bears continue to beat them down. If we break below as we expect, those bulls will likely start grasping for hope at around the 7700 level where we can potentially have a nice little bounce. We'll re-evaluate when we get there. It's been a long fight.. and the ring is getting smaller. Let's see if the bulls can put up a fight, and potentially recover this triangle to the end. SHORT: BEAR MID: BEAR LONG: BULL You're responsible for your own choices, this is my own personal analysis and there are always risks involved. I try to lay out the potential risk:reward in the near future for entertainment purposes only. gl;hf
BITFINEX:BTCUSDShort
by jayrsawal
Today's Lesson (#2) : Don't trade before major event & catalystsHope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) Indicators used in this forecast are PRO Sinewave BETA & PRO Momentum . You can check my indicators via my TradingView's Profile : @PRO_Indicators Kindly, Phil If you want to learn more about the basic rules to trade with my indicators here's the educational video link :
BITSTAMP:BTCUSDEducation
by PRO_Indicators
27