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Bitcoindrop

BITCOIN Magical ShortHello Traders As you can see in the chart above, the price has formed an ascending channel. Besides that, RSI is showing a huge BEARISH RSI Divergence on 4h. in weekly, if you calculate the date of every fall on Bitcoin, you'll see the drop day is close. (Use Trendinfo) most importantly, we are reaching ALL-TIME HIGH, which is enough reason for bearish movement. There is a scenario that if Bitcoin can pass through 20k, it will rise till 30k, Then 40K using Fibonacci. (BLX CHART) ------------------------------------------------------------------------ What is your opinion? Comment below. If you like the idea, please hit the like button and subscribe to the profile to not miss my updates. The information given is never financial advice. Always do your research too. Goodluck.
Short
by Crypto_MD
20
BTC on its way down to trendline from 22\09-17Hello again friends :) We did not reach the target 10400 on this attemption, right now I do not have a clue why btc falls so fast as it does. But I think it might have something about the coinbase news to do It now looks like btc has fallen off its trend and now after my chart to follow between 2 different fiblevels, I have one that is around 9500 and one on 9380, if we drop more then 9200 I'm pretty sure it will fall further. If we fall below the trendline from 22.09.2009, around 8900 then am i out of btc for so long. Macd its about to cross the orange line, so we will most likely fall more.
BITFINEX:BTCUSDShort
by Porshy
8
A Sudden Drop On The Cards For Bitcoin In The Very Near Future?Hi there Guys and Girls, me again :-) Just thought I'd give you a quick update on my thoughts with regards to BTC for the next few hours, maybe days, although I don't anticipate it being a long-drawn out thing. As I'm writing this BTC is hovering at exactly the $9,000.00 mark and it seems the resistance line is keeping it in check right there. Couple that with a nice consolidation over the past few days on the 4 hour chart, and also taking into account the subtle hints coming from the MACD, I believe we may see a sudden drop in price, somewhere in the near future. Whereto? Well, my guestimate at this point is that the first stop would be around the $7,800.00 to $7,500.00 level - we'll have to re-assess what happens from there onwards, but I believe a drop may be on the cards sooner than later. That elliptic area I drew is where I envision things might go, but as always - it's not an exact science. If it were, we would have had a whole lot more Billionaires in the world. Safe trading everybody, and above all else - enjoy the process! As always - This is not advice to buy or sell, but merely my take on what the market might do in the near future. Always work on your own analysis, and trade safe everyone!
COINBASE:BTCUSD
by Jaco-Snyman