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BTC / Bitcoin Case for Bearish Downturn and End of CycleBTC / Bitcoin Case for Bearish Downturn and End of Cycle Were currently in a ranging area of support for Bitcoin, and have had a few days of upward momentum. All in all things are looking relatively bullish, so I thought I would take the time to throw shade on all of that and post the first bearish chart. This is a challenge for me - I am naturally bullish on BTC at all times and so finding a bear case is important to counter that thought and give some context to my trades. So here is an example. Similar to 2017, we see a price reversal (what we are witnessing now) followed by price drop removing all supports and confidence in the market. That sets us for a mutli year bear trend before next cycle. $20k support in this example fails eventually and we enter deep bear territory resulting in a price low of $9.6k meme target for the CME gap. At this price most believe BTC is dead, and the price recovers soon after. I should say that I dont think $9.6k is achievable, but then this is crypto. If I believe $140k - $400k is achievable, then I have to believe $9.6k is too. See related ideas for Bull Case and continuation
COINBASE:BTCUSDShort
by Wynnsa
BTC Sell the resistance.BTCUSD - Intraday - We look to Sell at 35898 (stop at 37005) Daily signals are bearish. 20 1day EMA is at 36000. Price action is forming a bearish flag which has a bias to break to the downside. We look for a temporary move higher. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. The trend of higher highs is located at 36000. Our profit targets will be 32866 and 31866 Expiry - 72h Resistance: 34500 / 35000 / 36000 Support: 33000 / 32250 / 31000
BITSTAMP:BTCUSDShort
by Signal_Centre1
BITCOIN: Shorting before a possible breakdownBTCUSDT in the 1HR has pierced above the 180 EMA, I believe a rejection will be coming soon pushing us back below it. Price will probably go back into the area of 33K to 32K, as we continue the build-up against support, before a possible breakdown. Based on my analysis on previous ideas (Linked below). I'm opening a short at 35.174 with a STOP LOSS at 35350. Let's see how this plays out. ALWAYS PRACTICE RISK MANAGEMENT, RISK MANAGEMENT IS VITAL TO TRADING.
Short
by CryptoEstratega
Last chance to bounce for bitcoin??***Welcome to daily Bitcoin analysis. I do daily BTC review and try to provide my unbiased TA. Please let me know if you have any other chart requests*** As expected so far, Bitcoin has retraced to 0.38 FIB on a daily. I believe this is the last chance for bulls to start pushing up. Defend this level and we go to 200DMA at around $43K. With good conviction, I say we go long here with SL still kept at $28.5K (22nd June low) Please position your size as per the account risk you want to take. Money management is more important than winning. Happy Trading! PS: This is not financial advice, DYOR! COINBASE:BTCUSD
BITSTAMP:BTCUSDLong
by Trading_Cipher
Bitcoin going according to plan!Hi Guys Please check out my previous idea about the potential path Bitcoin is heading, in that idea I've outlined as many others have that this is a Wyckoff Accumulation / Reaccumulation (WAR). In this idea I want to recap exactly why this is happening and what you can expect. Why is Bitcoin heading down? First off Bitcoin can change direction within a moments time but if it continues here's why; Bitcoin is being pressed down in order to complete exhaust supply from panic sellers, this supply gets absorbed by the large operators resulting in retail investors unwittingly handing over their highly valuable asset (in this case Bitcoin) to the Institutional Investors. In my last idea I noted the volume was still high in the last dump to $28,805, this suggests to the Institutional Investors that their still could be panic sellers out their to absorb from; like a greedy eater, not only do they eat every crumb from their plate, they also lick the plate clean, this is the final phase of the WAR, to asses the plate and consume every last scrap remaining. Low volume on the final dump confirms that the panic sellers are facing extinction, at this point the green light is shown and the advance out of this price pit commences. If this proceeds in this way we can expect the price to revisit 29k, if not very briefly touching below 30k, this will capture the panic sellers and confirm maximum absorption is achieved. Conclussion From a Bull's perspective it's never good to see the price fall, however if this is a planned pattern then we can actually preempt and expect it. IMO this is an incredible opportunity to accumulate and if not possible Hodl knowing this is a massive Bear Trap and great things are just around the corner. What do you guys think, would love to hear your thoughts? *Disclaimer, this is not financial advice, please do not invest your money based on my opinion, thank you.
Long
by cmpkpersonal
5
BITCOIN: Getting ready for a break of support?BTCUSDT at the 4HR seems be building up a possible breakdown of this range's support (31K to 28K) Right now we are in a channel were BTCUSDT has lower highs and lower lows at support, this is very bearish as we might be getting ready to breakdown support and push down. While we are at an uptrend, you can see it's rather weak as it's quite flat compared to the strong downtrend that pushed us here. The bearish outlook is based on: We are at the Base line, which can act as resistance. Below the Cloud Below the 180 EMA If BTCUSDT doesn't break above this structure with some volume to back it up, things will be looking very bearish indeed. ALWAYS PRACTICE RISK MANAGEMENT, RISK MANAGEMENT IS VITAL TO TRADING.
Short
by CryptoEstratega
BITCOIN: Looking bearish, possible break of support incoming. BTCUSDT in the Daily, looks bearish as it is now, because: Below the Ichimoku Cloud Below the 180 EMA At the start of a possible weak downtrend (Hull suite indicator) Possible build up against support, before a breakdown If price continues building up against support, a possible breakdown could push BTCUSDT price below the support of this range (31K to 28K) Volume did increase at this small bounce off support, but if price continues building against support, things will be looking bearish. ALWAYS PRACTICE RISK MANAGEMENT, RISK MANAGEMENT IS VITAL TO TRADING.
Short
by CryptoEstratega
4
The Road to The Mooni like to make some graphs like that when peoples are in Dispair mode. - i used a modified ADX indicator with a Monthly Timeframe ( thanks to the creator by the way ) - Look at the Mountains and tell me when in past bullruns we stopped at 100 ? - Never - - The Highest Point is 160+ That said my advice for now is : " You don't really care if TheKing will back to 20k, what you have to care is the Highest point TheKing will reach! " - Don't Think it's the end of this bullrun - Don't Listen Fuders - Use indicators for the Long Term - Believe in Trends and cycles movements - Believe in the future of cryptos - Believe in TheKing because Theking cannot die. Happy Tr4Ding !
BNC:BLXLong
by thecryer
4
Is Bitcoin due one final test before true uptrend resumes?Disclaimer: Not financial advice just my humble opinion, please do your own research before investing your money. Let's go. INTRO The main idea behind the Wyckoff Accumulation or Reaccumulation let's call it WAR for short is for "Smart money" (SM) or massive financial powerhouses to absorb the asset from "Dumb Money" (DM) or Small amateur investors (you and me). So how can us simple folks outsmart the big guns, we can learn their play book. Now the main mechanism behind the WAR is to maximize selling from DM so that SM can absorb it. The dumps at the bottom of the trading range are all from DM's panic selling. CHART OVERVIEW If we look at volume we can see their has been a drop off in selling supply from the first dump on the 19th.May.21 to the second dump on the 22nd.June.21, this represents a 42% drop in volume, however volume still remains high, if we look back in January 2021 we can see there were three significant dumps in the WAR at that time, the first was a 43% drop in volume (very similar to what we've just experienced) and the last was a 62% drop in volume (from the first dump). ANALYSIS The final test of the bottom is usually a low volume drop because this represents selling exhaustion, that most of the DM that would sell have finally sold, at this point the WAR reaches it's end point and price breaks through from it's manufactured box. CONCLUSION There's a 50% retracement from the upthrust to the second dump that occurred on the January 2021 WAR (See chart); this could be the point we see a final, low volume dump (lower than the first dump but higher than the second dump) before we take off skywards. What do you guys think? Please leave your comments below, appreciate you guys taking the time to read this.
Long
by cmpkpersonal
Daily BTC analysis 23-June-21Bitcoin seems to form a hammer candle, but we also need a follow up with a green candle to confirm the local bottom. We have a mix of good and bad news in the last few weeks which has definitely sent investors/traders into a panic and confusion. So far we have bounced of expected demand zone, let's see if we get back above 40K. But overall looking at the fear in the market, and bounce off the support, Risk to Reward for long here is good, with SL below $28850 Happy Trading! BITSTAMP:BTCUSD
BITSTAMP:BTCUSDLong
by Trading_Cipher
BTC // CAN WE SEE ANOTHER SELL OFF? (WOULD LOVE TO) 😋Technical Overview: - BTC Can we see price sell off? Nobody knows, but we can react to price :) LAST CYRPTO ANALSIS FOUND HERE Use our analysis as a sentiment Analysis is only 1 piece of the puzzle 🧩 Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the right time. Flow with the Devil 😈 Trade with the manipulation👾 STAY UPDATED BELOW!
BINANCE:BTCUSDLong
by FlyDownX
5