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Bitcoin-crash

Today's Lesson (#1) : Step out of reactional tradingToday I'll start the first of a new serie, I'll call them the "Today's Lessons". I'll make one whenever the market will have nothing to give in terms of actual trading. So instead of losing your time in from of irrelevant pricings... you'll learn something to get a little better in trading ! Hope 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
40
Bullish Bitcoin from a Bigger picture?many analysts are getting bearish but could recent movement play out perfectly in an elliot wave counting? If yes, we'll see BTCUSD go up higher and faster on wave 3 I don't see this as impossible as every count has been obeying rules and fibs Currently price is finding support at 200MA and Fib extension target of 123% And for BTCUSD to prove itself, it has to cut through several major resistance levels Do not dismiss it as impossible! Sometimes it merely take a single news or price action to determine the beginning of a new trend, and especially so in cryptos i think it'd be wise if we sit on the sideline to watch how BTCUSD unfolds subsequently Good trading!
BITFINEX:BTCUSD
by petermoo
Bitcoin - Price action giving us some confidenceHello friends! Just a quick update on my analysis yesterday : Here are some things to be positive about : 1. BTCUSD sitting quite comfortably on the support of wave 1 Fibs retracement you can see that the same level has been tested on the previous correction a and it holds up pretty well! also, there was a short period of uncertainty before BTCUSD moves higher. I think we might very well see that again! 2. Trendline support The fib retracement sits nicely on the blue trendline giving BTCUSD an additional layer of support 3. "kind of" Bullish engulfing & tweezers bottom Not really engulfing when we see the head of the bear sticking out... But combined with other observations, i think the huge candle with longer real body and short shadow is something worth mentioning 4. Slight bullish divergence on RSI see pink line Nothing is certain now, we still have to wait for a decisive price action to break the uncertainty. In the event that price goes down, the bears would still have to test the strong fib support zone and upper channel before winning this battle. But if everything goes as planned, this is the end of wave c correction of wave 2. Get ready for wave 3, which usually is the longest!!
COINBASE:BTCUSD
by petermoo
BTC CRASHES $3000 Potential + Binance UpdateHi Traders, As you can see on BTC we have broke the main support the RSI displays loss of momentum and we are seeing huge sell offs. We have support at 9289 which is where the 200 day ema lies and the .786 FIB.... Will this catch us??? Depends on the market buys at the moment with loss of momentum no it won't..... the likelihood of hitting 6K is very real......... WEe will have strong buys lean into the market at 6K which should give us a nice bounce.' BTC had to crash to create a strong support to continue up for the rest of 2018. If we don't get buys at $6,000 YES we will go to $3k......... this is the next support.... time to short people! Binance update loads of drama please see their announcement below BINANCE ANOUNCEMNT PLEASE READ Regarding Unauthorized Market Sells We are investigating reports of some users having issues with their funds. Our team is aware and investigating the issue as we speak. As of this moment, the only confirmed victims have registered API keys (to use with trading bots or otherwise). There is no evidence of the Binance platform being compromised. Please remain patient and we will provide an update as quickly as possible. Edit: Withdrawals are temporarily disabled at this time. Earn and Learn Follow for more.
BITFINEX:BTCUSD
by RealCashCannon
3
BTCUSD / D1 : We clearly need to set things straight here !!Hope 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:BTCUSDShort
by PRO_Indicators
49
Destroying bears main argumentMates, The bear main argument towards a long term bear market is "It kinda looks similar". As you can see on this chart "It kinda doesn't". Nothing more to add about that, it's crystal clear that argument is BAD. The only good arguments for bears I can find is that we are still in the downtrend channel, and we might have no seen a capitulation selling bar. Some arguments for the bulls: We broke out of the downtrend, and if we break again we'll have another argument. Senate hearing positive about crypto, a wall street company backed by Goldman Sach acquired an exchange fortune.com All that we need to know is this: Corrections are difficult to trade, and there's no definitive arguments for either side.
BITFINEX:BTCUSD
by MrRenev
XRP RIPPLE (WILL IT HIT $100) BY THE END OF THE MONTHLooks to me xrp is trending downwards, we had a similar situation when 2 weeks ago xrp was trending at an average of 1.07 +- with not much upper or lower movement, this looks like the same case, not much strength to push up above the new upper support line, once it breaks on the new lower support line i can see it heading south, might it $0.50 very quickly this time, for me i'm on the side line waiting for the next major drop, then i will buy in again. please do your own research as this is my own analysis but wanted to share with you guys, please give me feedback......
KRAKEN:XRPUSDShort
by safe2godriving
BTC EW COUNT BTC to 30,000$In my opinion currently we are the wave 2. Wave 2 has always the sharp correction as this market proved itself that it shows characteristics like the wave 2. we have sub waves 1 to 5 within the large wave 1 that confirms the large wave 1 too. Wave 2 shows a nice A B C formation, we are the C of ABC the final wave of the correction. Wave 2 -Second waves tend to retrace so much of Wave 1 that most of the profits gained are eroded. They tend to end on low volume and low volatility. In a bear market, this indicates a drying up of selling pressure. However, during Wave 2 most investors are convinced that the bear market is here to stay but soon will see a wave 3 coming up. Please feel free to share your opinions as well. So the summary is my overall target for BTC is 30,000USD at-least. Micky!
BITFINEX:BTCUSDLong
by Trader-Mick
BTCUSDT TA: Minor bulltrap then possible correction to <=7.5kShort Term: Bearish --------------------------------------------------------------------------- From my current analysis, I would suggest a final spike up to 14500ish is on the cards, followed by another major correction down to 7.5k. Great opportunity to maximise gains if previously shorted and bought in low down the crash this week, with my target reached at a 9500 buy in. The chart suggests the current bulltrap could last until end of Jan, but this is dependant on trajectory upwards and therefore at what point we hit the upper resistance lines which have proven reliable so far. Note how both HL intersect with longer term resistance lines that trace back to previous lines of resistance - this indicates there may be strong players in the market who have set their buylines and sell lines over longer term trends (e.g. weeks/months charts) and are assuming a bubble market (which, to date, seems exactly the shape the market cycle has trended towards). Therefore, target sell set at 14100 and target buy-in for altcoins/btc set at 7800. Less conservative strategies may wish to push this further towards resistance lines. Also not position of indicators - MACD recognising a longer term trend, with SRSI and CRSI picking up the peaks. Will be noting SRSI and CRSI for short term trend changes at 14k, then looking for full alignment of all 3 to confirm final buy-in at approx. 7500. --------------------------------------------------------------------------- Longer Term: Bullish - we are in a large scale bull pendant in final phase. Expect rise following 7500 base consolidation. --------------------------------------------------------------------------- Opinion not advice Comments welcome - 1B2rBfu9X4nms6EtuQWDQuNy87Jn9hYkJs for BTC 7.53% -8.64% -10.79% 1.74% 2.48% 1.99% donation if you find this helps, and want to spread the love!
Short
by HODLBro
BTC - Huge correction upcomig - Just as expected [5000$ range]So as expected in my previous BTC chart where I looked at a log scale chart of bitcoin and saw that every major correction had: 1) Drop 2)Rebound 3)Huge drop The rebound is in processes and the price will reach somewhere in the 16k range and then it will be time for the huge correction which could possibly be on the end of the year. *note the rebound could actually stop anywhere and is not completely predictable, so it doesn't have to be head and shoulders as I showed above. Further correction will leave us with BTC in the price range of 4000 to 7000. Most likely something along 6000 or 5000. Be careful, understand what that means for altcoins... and have a happy new year. By the way, altcoins might have 1 final pump before everything goes down. (would be a good chance for you to exist the market) Thanks, Digital Currency Freak
COINBASE:BTCUSDShort
by DCFreak
36
The Bitcoin Crash of December 21, 2017Bitcoin price position had gotten so far distanced from the MA 50 and 200 that a correction was due. This even correlated perfectly with the RSI. Bitcoin was very overbought, but has now been corrected. Both the intermediate MA 50, and the long-term MA 200, are still sloped up at this time. However, the short-term EMA 15 and the Volume are currently sloped down, indicating a short-term down trend. We will have to watch this to see if this was just a correction, or if a longer term bearish downward trend will be developing. This bullish pin bar, or "Dragonfly", indicates a reversal, and the end of the "crash".
COINBASE:BTCUSDLong
by Malstryfe
BTC, only healthy correction! Must read to profit nex time! Risk: Low/ Very low Dear followers, I hope that many of you have been able to limit your losses or perhaps have made a profit this night. In order to prevent the same situation for the first group in the future, I post a number of important rules here. Use it to your advantage. If you have read my previous ideas, then you will have seen that I warned of a greater correction. We saw this correction last night. (European time) It has taken a long time before we can finally see a normal correction in this kind of big increases. Some people called it a crash or a total collapse. I call it healthy correction, not more than that. Why? - On 8 October the price of 1 bitcoin was $ 4000, -. This week a bitcoin was worth almost $ 20,000. - A strong increase is always accompanied by a strong correction. - In a normal stock or currency market, you could indeed have called this a crash. Do not forget that volatility and increases on a normal market are much lower. So, in percentage this was a normal correction. After the extreme increase. - The crypto market is not a normal market, so it takes into account high rises, but occasionally large falls. Remember: Shareholders are often happy with a dividend of 3% and a small price increase per year! In this market, we often earn 50% or 100% in a day! How did I prepare for this correction: - As I described in my Litecoin idea, I had a cash position of 39% because I expected a large correction in this cryptomarket. - I did my homework for the decline and had already signed the long-term trend channel. - As soon as we broke from the previous trend channel, (previous btc idea) I placed purchase orders at different levels. A small one at 16400 and a large one at 15700. While I slept, 2 purchase orders were made. I have been able to put a large position on almost the bottom. Unfortanately it didn't reached my largest order at 13500. (I was hoping for a quick spike to touch this level) When I woke up and I looked at what had happened, I earned money, while many people lost money and panicked and I slept well. What I want to say with this: - Trading is not always rocket science. Sometimes, it is indeed difficult, to make money in a certain market. But sometimes it is also quite simple! - Switch off your emotions and keep looking at what is happening. - Learn from these experiences. Recognize the situation next time, because they will definitely come. (In the past I also lost money in similar situations on the stock market and foreign exchange market.) I give you this information for free, I paid for it in the past. - After this correction, we are trading in a much healthier bitcoin market again, and this will make the market more predictable for the coming months. That is why I put the risk for this idea very low/ low. Buy: at the bottom of the channel. Sell: At the top of the channel. For the short term: The dotted line is resistance. (Low) For the long term: The bottom channel line is resistance. (Very low) Note: In most cases I use more indicators to post this idea. I'll show you only the most important ones, to keep charts clear. I receive messages that you appreciate my ideas. I'm not happy that I couldn't update you with this before the decline, because I can only post one chart at a time. This has made me decide to upgrade my account this week, so that I can provide you with better information. I sometimes react slowly in connection with a study and my company. Do not forget that I appreciate your questions and feedback and that I will always do my best to respond as quickly as possible. Please, follow and like for more trading ideas. Questions? Feel free to ask and your feedback is welcome.
COINBASE:BTCUSDLong
by Trades999
7