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Dip

30% Drop is possibleLooking at the weekly chart, I have noticed that with each parabolic run to ATHs, bitcoin pulls back at least 30%. Mid Jun 2017, we saw a run then a pull back of 40%, another 40% late August 2017, again mid November 2017 (35%) and by the end of 2017, another 40% before the bear market initiated. Analysts have been anticipating this break down for a while after a couple weeks of indecision and sideways trading. In my previous idea, I was way too early to jump on the candle close below the 4hr EMA ribbon, but now that there has been confirmation, we have already seen a 6% drop today. Price target will be at low 17k.
GEMINI:BTCUSDShort
by kingcheng
$BTC / USD 4H "Can chop longer than you can stay sane" ~$18K dip$BTC / USD 4H Chart - no indicators - support levels in green - resistance levels in red Bitcoin pushing a breakout of the historic $20K all time high. No need to fight the clear trend here, but try to avoid getting chopped up. I think there is potential for Bitcoin to range around $18K (white box on chart) for a little while before retesting the top of the channel. Chop trading plan - buy the dip around lower $18Ks, ideally play the ATH breakout with a retest of around $20K and then the real fun begins.
COINBASE:BTCUSDLong
by dragoncharts
BTCUSDT - ZERO HOUR? Quick hourly chart watching: Potential H&S?I don't usually look at hourly, but I felt compelled today for some reason. More coffee than usual perhaps. Here's what I see right now. Looks like we're posting a head and shoulders. keep an eye on it as this is a formation we generally see before a big ole' dip. This would turn yesterdays pump into the up side of a BART. Which it does actually look like. We're above EMA on the hourly charts. Not as big a deal but hey, its there. Also we've been in a clear descending channel. If we take the channel from the 19th we're right at the top right now. Could be the deciding moments in the next little while. Exciting. Watch the previous high, or the potential head in an H&S. If BTC can get over this it will have avoided it's dreaded formation and may test upper limits of 11k. If we post a shoulder (below the high point marked) expect a retest of previous support. Good luck everyone and be safe.
by cryptosince1963
1
TESLA: When Is The Next Bounce?NASDAQ:TSLA DISCLAIMER: This is not a "technical analysis" and more of a "hypothesis" for my future inquiries with this stock. I am personally an optimist for the EV industry and hope for it to grow. TESLA stock price seems to respect the 200 period simple moving average in an hourly time frame. Since the 'golden cross' in late March, March 30th to be exact, the price has bounced off the 200 MA at least 'ten' occasions. Even if I don't go into all those pessimism regarding the company's fundamentals or overvaluation and stick to the simple trend analysis, the question remains: "when will be the next bounce?" Or is it a break of structure? If you find this interesting then please let me know your thoughts. I will be posting more in this topic in the future.
NASDAQ:TSLA
by Trading-Economist