2019-OCT-24 Bitcoin downward trend continuesBitcoin downward trend continues
BTCUSD Broke 7500.00 support
Bitcoin-short
Bitcoin is in BEAR control - Probably see $5500 Low!!Hi Beautiful peopleeee!!
Looking at the Daily Bitcoin chart, you can see a big bear with us here. I would say the army bears!. My reasons are:
1. BTC did break out from descending triangle and now become a big descending channel. Someone may think BTC is building a Falling wadge, but I do not think so because both MACD and RSI is building descending channel as well which has no positive divergence with it yet.
2. BTC has stayed below 21 weekly EMA, 21 Daily EMA and 200 Daily EMA for almost 3 weeks and it did test and got rejection from those 3 EMA. This shows BTC is in the bear control zone.
3. After BTC came down from $10000, it is building a possible bear flag.
From my reasons, I think it is a opportunity for all of beautiful people here to go Short. This action need to be confirmed by breaking previous low $7711 and then my idea will fit in. The first target would be at Fibonacci retracement 0.618 around $7200 and my second target would be at $5500 because it is Fibonacci retracement 0.786 and it also related to support line of descending channel, support uptrend line from low $3000 as well as the target of bear flag.
However, we cannot control the market so we should let the market come to us. Therefore, if Bitcoin goes up and stay above 200 daily EMA, I will change my mind and cancel my idea of bearish view.
***** THIS INFORMATION IS MY IDEA AND IS NOT RECOMMENDATION TO BUY OR SELL. IT IS TO BE USED FOR EDUCATIONAL PURPOSES ONLY. ******
Bitcoin (GBTC) short. (Instead of flying to the moon).All description on the chart.
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Bitcoin - Short - Range Broken - Downward MomentumBitcoin had been range bound since it broke $8000 on the 25.09 but having failed to break the resistance level at $8571 it has now gained downward momentum breaking $7500. We now have greater conviction that the prices will head towards $6000 in particular as Facebook is facing regulatory scrutiny regarding it's Libra cryptocurrency project.
Bitcoin (BTCUSD) short.All description on the chart.
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Whats happening with BTC?We can see that BTC. D is dropping, and will continue to drop till it hits resistance around 67%, a trend reversal around these zones is possible. We can use this to influence our bias for BTC , Bitcoin will continue to drop until its dominance regains upward momentum. The Bearish momentum doesn't look like its stopping soon, the alligator MAs are spreading out showing fast price movement in a downwards direction.The red highlighted zone is the work case senario for BTC.D with a drop down to the 65% region before the trend reversal. We are looking at the reversal starting roughly at the end of 2019, with bullish momentum at the start of 2020. Possible BTC 16K outcome by the end of this bull run. BTC has potential to make it to 32K with the amount of Buyers and sellers there are. We shall see how the market responds to these key levels before making huge predictions and be biased.
Bitcoin - Short Below Key Resistance Level We still see Bitcoin moving lower towards $6000 whilst it hasn't passed through the key resistance level at $8571. The cryptocurrency has been range bound since it broke $8000 on the the 25.09 and volume has been relatively low in particular since the June rally so we expect further downward pressure on prices at this stage.
BTC BEARISH PREPARE BERAS in control right now. Tapped the top supply zone and ready to dump and liquidation.exe bulas.
Be ready
KNIFE CUT = "The cycle should restart, usually start with a dump" cit. "lord Bera"
SB = "The red line is here, ready to melt faces" cit. "Lord Bera"
Do you contertrade me? you get liquidated
Bitcoin - Short Below Key Resistance LevelWe still see Bitcoin moving lower despite it being relatively stable recently as long as it doesn't break and consolidated above the key resistance level at $8571. Below this level we still see Bitcoin dropping towards $6536 in particular as it's doesn't appear to be as correlated to safe haven assets such as gold and the yen as it was earlier in the year.
The Bitcoin Train Is Over Amigos...Why, What, How dare you! I am sure some of you may be thinking that right now, let me explain. Bitcoin had a great run, it really did! But unfortunately the good times don't last.
We hit a yearly at $13920 which we had a massive rejection from. We have been distributing for the last 4 months decreasing this bullish momentum and preparing for our move down.
The Level I have proposed to short at ($9745) was picked from the 2 Week chart.
Trend has already reversed on the daily, and 2D.
It's only a matter of time... :)
BTCUSD Divergence baissière cachéePremier objectif le plat de la Kijun H4 pour les prix qui correspond au point de contact entre la lagging span et et cette même Kijun H4 au passage elle emprunte le passage fin du nuage : 8254
Deuxième objectif le plat de la SSB H4 : 8133
Invalidation du scénario en cas de cassure du quadruple support (plat de Kijun H1, Tenkan H1 SSB H1 et Kijun H4) : 8425
New descending triangle for BTCAs we all saw the last triangle break out to the lower 7700s, we are now confronted to a new triangle in the hourly chart, that is very similar to the previous and that risks to have the same outcome.
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Bitcoin - Short Despite ReboundBitcoin has risen over the past couple of trading session but below the resistance level of $8571 we see the cryptocurrency moving lower towards the $6500. If Bitcoin consolidates above $8571 we can see prices moving higher towards the $10000 psychological level.
Bitcoin (XBTUSD) short.All description on the chart.
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Bitcoin - Short Below Key Resistance Level We see Bitcoin moving lower towards support at $6536 as long as it stays below the key resistance level at $8571. Our view is re-enforced by Bitcoin not rising on the back of a fall in the stock market over the past few trading sessions due to fears of a global recession as it has been argued in the past that the cryptocurrency can be seen as a safe haven.
Bitcoin - Short - Continued Downward Momentum We see Bitcoin moving lower as it breached the support level at $8571 after breaking the base of the descending triangle. We now see further downside towards the beginning of May lows at $6536 unless there is a sustained rally in the cryptocurrency coming days.
-20% DROP IN BITCOIN. YOU DON'T WANT TO MISS OUT FROM THIS Taking a vivid look at Bitcoin from all Time frames it is clear to see that the chart are showing bearish move on all time frame. Lets start from the monthly time frame, we can see that price has rejected the 1.618 FIB Extension and market should head back down. Now, taking a look at the daily time frame price seems to be holding back and much has to do with the present upward trend line, which price just broke below and this signify that the bears are still in control of this market.
Opportunity for selling BTCUSD!!!We can see a very beautifull descending traingle being formed on the 4-hour chart which most of the time indicates that the market will go down. Have a safe trade guys :)!
Bitcoin Top has already been put in....atleast for now. The buyers are getting exhausted and will wait for lower prices before committing more cash. In the short term,
we will retest the 9486 then break to 8000.
BTC Short 4HRIt seems like we are gearing up for another week of bearish divergence. I am predicting for a dump to the lower $9,000s soon and hopefully a break of the counter trend-line ($9,600). My stop is $10,100 as we see we have a new resistance around $10,050. We should be in for a good short all the way down to $8,500-$8,00 respectively.
