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BTCEUR

BITCOIN - Was This All A Bear Market Rally?Taking a look at the Bitcoin daily chart, I cannot help but cringe at the picture I see. We had a very strong rally back to $50k after our 50% fall from the high at $65k. But you can see the price action rounding as it approaches the neckline of the previous high, which to me means the bulls are either exhausted or taking some time before moving on up. However, I think their is more evidence at the moment in support of a bearish reversal here. We have been rejected twice now by the $50k level which could potentially be a double top bearish pattern. You can also see the daily sell wick forming from yesterday's pump. I think if we fall back below the purple support area, we can confirm this was a bull trap and need to consider changing gears from bullish to bearish. The potential downside from here could be big and I will be taking the necessary precautions to protect my investments. Dropping to the $40k level could set up a massive head and shoulders pattern which would take us down to $16k-$18k. That is a worse case scenario, but a plausible one, especially considering Bitcoin's proclivity for dramatics. In terms of the alt market, I don't think I will be making many shorts given how bullish they are against BTC. We could have a December 2017 - January 2018 flip between Bitcoin and the alts where the alts break their usual behavior pattern and follow Bitcoin's lead. If this is the case, I will be looking for ALT/USD entry points when Bitcoin hits its lows and hoping for strong alt spikes when it moves sideways. We will see. Stay tuned!
COINBASE:BTCUSDShort
by jpbrown1023
6
Bitcoin $190k Target MartyBoots here. I have been trading for 14 - 15 years and I am here to share my ideas with you to help the Crypto space. Bitcoin & ALT Coins are Setting up for a HUGE bounce and we in CryptoCheck intend to make lifechanging money ------------------------------------------------------------------------------------------------------------------------------------------------------------ If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below ------------------------------------------------------------------------------------------------------------------------------------------------------------ Not saying there cant be dips but the longer term trend is saying we go UP
COINBASE:BTCUSDLong
by MartyBoots
79
BITCOIN - Potential Breakdown After Breaking Out of Its Channel BTC fell out of its bullish ascending channel which catapulted it from $29,000 to $50,000. It is currently testing the bottom of the channel which was support, but is now acting resistance. You can see the similar channel breakdown that Bitcoin completed in May to the left. Typically this results in further movement to the downside. Bitcoin has been very bullish of late and could very well blast through this resistance and back to the channel. It's important to consider it as a possibility. But with the bearish divergence on the MACD and breakdown from the channel, it will likely head down to the next strong support area at $44k. From here, we'll assess it's strength or weakness to determine its direction.
Short
by jpbrown1023
6
Technical analysis update: BTCUSD (25th August 2021)Many people asked us to analyze cryptocurrencies. Therefore we prepared our first bitcoin analysis for you. Recently bitcoin took off its recent lows around 29 000 USD. In the process it closed a gap between 46 620 USD and 48 370 USD. After that bitcoin peakead at 50 858 USD and then reversed lower. We think price level along the gap has an important role. We think if this gap is retraced by price back to the downside then more selling is probable for BTC. In terms of technicals RSI continues to move sideways just below 70 points. It did not cross 70 points to the upside. This is common for corrections in the strong downtrend. MACD is flattening out and it seems as if it wanted to reverse down. In addition to that price is currently far away from its 20-day Simple Moving Average. We think there is high likelihood that price of bitcoin peaked recently (or it will in the short future - around 54 000 USD) and more selling is on a way. If price breaks below its short term support then we expect bitcoin to retest its recent lows around 29 000 USD. MACD on daily timeframe: Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
CME:BTC1!Short
by Tradersweekly
8
BTC analysis+rising wedge +bearish div +5 green weeks in a row +price is at 0.618 area = resistance bulls might be tired... bears are in control in my opinion YOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :) IF U HAVE ANY QUESTION REACH ME HERE This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
Short
by SvarogPerun
2
Triple DIV on Daily as well - Take profit/shortHi folks! As those of you who have followed my predictions for a while now are aware of, I have a massive bearish bias these days - while my predictions in the last weeks have yet to become a reality, my stated short positions are still alive and well. This is first and foremost due to the extremely scary macroeconomic state (and thus fragility of the financial markets), but also the fact that we have had massive Bearish Divergence on both RSI, MACD and (most importantly) Volume in almost asset classes. Today, the triple DIV played out in BTCUSD on the daily as well, piling on to my bearishness. My position placed today is Short BTCUSD at 49500, SL 56000, TP 30000 - adding to my short from 46300 with SL 52000 and TP 30000. For the record, I also hold over 30% of my portfolio in VIX futures (@VIXY) due to the mentioned macro picture. The reason is a combination of systemic overvaluation in addition to the fact that liquidity is evaporating from the markets (just check trading volume and decrease in margin debt). I would state that shorting is a risky business, and that just taking profits and/or buy volatility contracts might be a preferable option here. I would never recommend shorting to anyone unless one feels extremely confident in the probability distribution and you know how to manage risks - I just state my position to let you know that I put my money where my mouth is. DYOR. NFA. Never take the word of others as a given - and never take advise from someone who has no skin in the game. I wish you all well.
BITSTAMP:BTCUSDShort
by TheDots
12
Largest ALT Season In History Setting Up?MartyBoots here. I have been trading for 14 - 15 years and I am here to share my ideas with you to help the Crypto space. Bitcoin & ALT Coins are Setting up for a HUGE bounce and we in CryptoCheck intend to make lifechanging money ------------------------------------------------------------------------------------------------------------------------------------------------------------ If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below ------------------------------------------------------------------------------------------------------------------------------------------------------------
Long
by MartyBoots
19
Update - Really bad BTCUSD Technicals!Hi folks! See my previous posts - I just marked the concurrent divergences in RSI and MACD that leads to my long(blue)/short(red) signals. If someone think the market structure is bullish - please let med know! My position is the same as in the last post: . See my linked post regarding the VIX for an idea of a good R/R bet right now* DYOR. NFA. Never take the word of others as a given - and never take advise from someone who does not walk the talk! I wish you all well!
BITSTAMP:BTCUSDShort
by TheDots
4
Technicals look very bad ATMMassive DIV in both RSI, MACD ans Volume on the 4h ++ now - if T.A. is your trading game, the picture could not get more clear imo. Of course, we might get some market manipulation here due to the ridiculously low volume, but this is a game of probability, it damn sure looks like a solid downside move is the most probable. My trade ATM is a small Short from 46300 with SL 52k and TP 30k (I always take profit according to the Kelly criterion, so I will close most way before 30k). Vertical lines represent long (blue)/short (red) positions based on concurrent DIV in RSI and MACD on the 4h* Also see my linked post on the global risk state for a broader perspective! DYOR. NFA. I wish you all well! Neer take the word of others as a given - and never take advise from someone who has nothing to lose by giving it!
BITSTAMP:BTCUSDShort
by TheDots
7
the last mileHere we are tracking the ending of a 'C' leg in the 4th wave retrace (invalidation for sellers comes into play with 50,130 because it will mean the move is impulsive rather than corrective). Expecting sellers to step in here with risk storming the base for August, the next leg down would mean the lows are no longer protected via the meme prince. Elon now uncovered and exposed if we breakdown, we may witness the nuts being squeezed. In case of any doubts recommend reviewing the macro chart as flows are a lot clearer. A breakout on the log chart unlocked the impulsive 3rd leg where we ticked $50-60,000 which constitutes the necessary target. We are now on our way back to the original blockade via increased regulatory pressures.
BITMEX:BTCUSD.PShort
by ridethepig
16
Massive Bearish DIV on almost all time framesHi folks! This is just a short and simple post based on the simple principle of concurrent divergence. We can se a very clear divergence on the 1h here, but the divergence is als very clear almost all time frames (1D and shorter). Although not marked in the chart, we can also see a massive decrease in volume during the last bounce - this is very rarely a good sign for a bullish move! Buy/Sell signals according to my principles are marked as blue/red verticals respectively. Be careful! DYOR. NFA. I wish you all the best!
BITSTAMP:BTCUSDShort
by TheDots
8
Bitcoins Path to $250K and Other StuffUsing the current peak as .618 we receive 250k as the fib extension This aligns very nicely with the parabola / curve formed On the other BLX chart we can see the angle becoming more obtuse for the curve as time passes and within the previous cycles This may be indicative of BTC becoming more stable as it is ushered to the masses and properly adopted It is not indicative of being "ahead of the curve" although, which I will leave up to you to decide what you believe that is. For me it's Ethereum, lets go.
BNC:BLX
by Bixley
4