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Btcusdidea

Bitcoin Will Drop... Alot. But it Will Rise Above the Ashes.Markets are going to keep going down in fear of Chinese real estate powerhouse Evergrande defaulting; Bitcoin will drop alongside it in the short term. My chart shows we may still rebound after we hit the 38k area. With that being said, if the Chinese housing bubble crashes, which represents 28% of China's entire economy, we will enter a global correction. Combine that with current inflation rates (6% on the year), and if this spending bill passes congress, we will enter a long term bearish outlook; which will shred BTC down to the 20K's in the short term as people liquidate assets in fear of them dropping further. That will be the ultimate buy opportunity, as BTC will serve as an inflation hedge long term, and only augments Bitcoin's use case - despite China working overtime to thwart the coin at every new opportunity it seems. The only chance Evergrande has, is if the Chinese government bails it out. But that will only alleviate things for a short time, a band aid. If that happens, and the markets rebound, im looking to liquidate my stock portfolio and hold cash. The whole world is looking at China right now...
COINBASE:BTCUSD
by Tokademics
Bitcoin-This 40-41k support is s little to obvious to hold (IMO)Every time I write that I think Btc will fall I got a lot of hate...:) But, really, this support is too obvious and trading is not so simple unfortunately Getting back to technical analysis, Bitcoin is trading down since the beginning of the month and is putting in lower highs on our chart. As I said, 40-41k zone acts as support at this point and we can have a break here In such an instance, BtcUsd could accelerate losses and 35-36 could be short term traders target
BITSTAMP:BTCUSDShort
by Mihai_Iacob
66
💥BITCOIN TO FALL BY 37% TO $31000😱Please support this idea with a LIKE👍 if you find it useful🥳 As seen on this chart, we have two bearish confirmation that price will fall more to $31,000. Firstly, we have a downward trendline breakout and a pullback as shown on the chart. Secondly, we have a rejection at the trendline of the descending triangle. After the first bounce, price dive into the falling wedge and finally made an upward breakout to the trendline and eventually got rejected by the trendline. Therefore, with price at the current market price of $42,474.41, I expect a fall by 37% to $31,000. What do you think? Share your opinion in the comment section✍️ Follow me to receive more updates on BITCOIN (BTCUSD) 🤗 Happy Trading💰🥳🤗
BShort
by PetrockFxTrading
18