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BITCOIN - WHAT YOU NEED TO KNOWHey there, Thank you for supporting this idea with likes and make sure you follow me here on TV. so I think everyone in this space saw what happend yesterday. The biggest percentage and point drop in Bitcoin in all of its history. A rounded 40%decline in 1 day. An incredible number for any trader. There are now some key questions to be asked: What really valuable asset is able to drop 40% in one day? What could have caused this spike and will it happen again? Is this the end of Bitcoin? To all of these questions, I sadly cannot anwser. You have to decide for yourself wether or not you still see value in Bitcoin. It is very significant that Bitcoin broke the bottom growth of curve of the data science models and has not yet managed to come back up to those. While I do think that this is the final capitulation some people like Tone Vays have been waiting for and that the bottom is now in, I too am troubled and have doubts in the real value of Bitcoin, if it is able to be manipulated by this degree. Of course no fundementals have changed and Bitcoin is still the same as yesterday and the day befor, I do have doubts, wether or not people will accept it as a store of value, if even after 10 years of existence, Bitcoin just now had its sharpest and steepest decline in 1 day. So there you go. Technicals are not really applying here imo, since this is beyond any comprehensible movement. Now is the time to BUY THE DIP. Even if I have doubts now, I have learned that it often is best to buy BTC when everyone is doubtful. Oh and btw, there is now a 3DAY 9 buy of the TI Indicator Sequential, so this could be your time to buy. Cheers, Konrad
COINBASE:BTCUSDLong
by EnlightenedTrading
Spy - 3 levels to amazing entryHello everyone, as we can see our last 2 major financial crysis were 3 and 2 years, and each of them we had a drop of around 50%. This virus started the crysis and even if people say that the virus is not as serious as the media makes it out to be, people's perception of the virus is that the virus is really serious, so this is why the panic could be hard to be stopped so easily. I would say that we have 3 key levels that we could buy or add to our positions, which I have listed on the chart. I am waiting for support 2 or 3, because I believe now is too early for making a higher high anytime soon, but this is just opinion, not a financial advice! Like and follow for more ideas!
AMEX:SPYShort
by donaitelo
9
Bitcoin is felling the coronavirus, and tradicional markets FUDHello traders, Here is an idea of ​​what can happen next with bitcoin, he brokes an important support level, after rejecting the important resistance line, and now he is probably going to test the long term support line. Since we remain above this Support we still in a uptrend in short medium term. The traditional markets is in state of chaos at the moment thanks to the fear of the coronavirus, after the falls in the main American and Asian index, and this is reflected the price of all assets in the world. Always use stop losses. Please, push like button and follow us to receive more recommendations like that.
Short
by MarketMinds
AMD hit our low target, next $40?As I said before I would love to open a postion in AMD, but I'm never comfortable in doing puts, yet AMD doesn't look great. Our last TA, which will be linked, has came out with some side ways movement and breaking our low trading range. Whats next for AMD? Well I read that earnings will drop by 12% in tech stocks due to the corona virus. Not sure if that goes for all, but what can chart tell us? If AMD droped 12% it would be just mid $41, yet whats there? Well nothing just going back to Nov 19-Dec 19 it was the top of what looks like a cup and handle formation and this would most likely be broken hitting the trading range of $40-$39 rougly. There is story coming out that the corona is breaking in California nad has hit Italy, so it just doesn't look good for AMD sales. Maybe buying a 10-20% between $40-$46 cause you never know.
NASDAQ:AMDShort
by nathanielx9
Bitcoin and its love for descending trianglesHey there, after our run up to recent targets of 8900 USD we bounced off and have been consolidating since then. This conso looks not bullish to me in my opinion, after we tried to break resistance on the second high and managed to do so by a few bucks, yet bounced off immediately. This kinda looks like the consolidation after the second high after the high of 14k where we consolidated and got rejected after breaking resistance. A descending triangle is now forming and the 4h and 1h which indicated a drop to levels of about 8400~ and a second target at 8330~. at 8400 waits a rather strong trendline and at 8300 recent important resistance which has not yet been retested. Looking for possible entries in those areas, but will keep my initial entry at 8240. I do not think it would be too profitable to go short, and if you really want, then only for a few hours/days, since I think bitcoin looks too bullish and just wants to establish a solid trend for further upside. Also people most likely entered around the high at 8900 and thought we would break higher. It is rather likely for people to have their stop set at the lows of this conso and who will get shaken our by a nice drop, for bulls (smart money) to enter again. Check out my YouTube channel "Enlightened Trading" for furhter information. Cheers, Konrad
BITSTAMP:BTCUSDShort
by EnlightenedTrading
Bitcoin may crash down as low as $1800Comparing our current bear market with our previous bear market I think we may crash lower than most people are expecting. If you draw a fib circle and a trend line from the peak down to where we started to push up before our parabolic run up. You will notice in both 2014 and our current bear market the similarities are uncanny! If this plays out the same we are looking at a possible crash down to $1800 and lower. To view more of my charts as well as private charts please click on details section of my trading view account.
BITSTAMP:BTCUSDShort
by snookerer
38