Bitcoinshort
Sitting Waiting Sitting and waiting with the cards I am dealt... Good? Bad? IDK I hardly play poker... I feel like the only adult supervising and I am watching what the kids are going to do next because they said to me "Watch this...!" "Humm is that good idea??? Well, if they can climb that high my guess is they should know how to get down"🤷♂️ lol
EPIC BOOBOO! For who?
BITCOIN and ALTs the young hyperactive fledglings at the park that just yelled "Watch this!" Soooo I am watching...
What are your thoughts? Is it bad that people like to realize gains say and say things like "Cool! More Dollars now!" Most will answer with an emphatic "YES!!!" LOL Or am I really the only person that's down to pull profit? LOL
-No advice just thoughts that I can't shake after the last 5 years in the world of "CRYPTO"
""KEEP CALM AND MANAGE THY RISK!""
Bitcoin: I know this chart is awful, but it indicates somethingThe next movements that Bitcoin will do are bearish.
We can see the price action having place below all support from the indicators.
Personally, I will look for another entry @ $57.2k-$53k; why not accepting a discount when you have one?
Bitcoin: This one goes for the short sellers.As depicted in the chart, this would be a great opportunity for shorting Bitcoin short term, and here's why:
1.- The resistance just rejected the price to the downside.
2.- We're just retesting the yellow trendline that has been pretty much reliable since Dec 2020 (it only broke once).
3.- RSI is making lower lows, while price differs.
Bitcoin BTC 2021 Bear Edition - Distribution PhaseAssuming Bitcoin topped at the 61.7k (Coinbase) (see our previous trading idea from March 13)
We are entering a correction phase with a short term target of 47k, medium term target of 9-10k and a long term target of 5k n case of a bear market.
Past performance is not indicative of future results, however every asset is cyclical including the most volatile asset in the world. Circa 2017-2018.
Bitcoin- 57k the line in the sand for bullsYesterday, Bitcoin has had two attempts to reconquer 60k figure, and failed in both. However, bulls regained control each time the main cryptocurrency has reached 57k support zone.
At this point things are pretty clear from a technical perspective, with a break under 57k exposing 52k support and, on the other hand, a break above 60k would lead Btc to new ATHs.
At this point, my bearish scenario is still intact though
Bitcoin Price $160,000 by February 2022Bitcoin has had a relatively large uptrend in the last 32 weeks, just as it did in late 2017. However, the momentum seems to be slowing now, and the MACD and RSI are showing bearish divergence on the 1 week and 1 day log chart. Here I use a log chart to predict the price of Bitcoin turning down in the coming weeks based on these bearish indicators.
Bearish Divergence on 1 week MACD,
Bearish Divergence on 1 week RSI
Max hype, max media attention seen in years.
March is historically the worse performing month for Bitcoin, followed by September.
The overall trend is still extremely bullish in the long term!
But I expect a retracement to the middle of the log growth channel.
Perhaps a bounce off of the 38.20% Fibonacci level near $36,000 as support in September 2021, then resume bullish trend until around $160,000 in February 2022.
As new corporations adopt bitcoin as a store of value such as Square, Microstrategy, and Tesla, the price will most likely push higher. However, most companies probably also see that the price is at a relative high, and will most likely wait for a better price to buy. In order for bitcoin to continue it's latest trend upward, it would have to double in the next month or two. I just do not see where an additional $ trillion is coming from in such a short time.
That being said, I also agree with PlanB's stock to flow model. The prediction in this chart is still in line with PlanB's model. Bitcoin will no doubt be near $100k-160k by late 2021/early 2022. But as we all know, Bitcoin is a very volatile asset, and drawing a straight line to those prices from this point doesn't make sense. Bitcoin is in a parabolic growth phase currently, and momentum is slowing. It wouldn't fit to draw the left half of the Eiffel tower without then drawing the right half.
Bitcoin: Structure is close from breaking, to the downside 📉We still have the parabolic structure the price was forming as a support (remeber a parabola isn't linear, it's curve, so it's more permissive than a straight line going up).
data:image/jpeg;base64,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
BTC Going To "0" !? Wow, So who would have thought that we'd get here? Just about any person in the space would say that they knew and called it but with so many saying and believing how many are just simple repeats of thought outside of their own view without even being aware of the cultist view crypto harbors to simply just follow and buy at the Top? Perhaps not "you" but many have in the past, many are now and much more will again in the future. Plenty to say with little attention spans so... YOLO Bra! 🤙 LOL
"Noobs please try to understand some people have had bags bigger and longer than you."
🤷♂️ #Fixed
What are your thoughts? Is it bad that people like to realize gains say "Cool! More Dollars now!" Most will answer with an emphatic "YES!!!" LOL Or am I really the only person that's down to pull profit and even short a little??? LOL
-No advice to give just thoughts that I can't shake after the last 6 years in the world of "CRYPTO"
"KEEP CALM AND MANAGE THY RISK!"
Bitcoin is trading in a symmetrical triangle, below resistanceAs I stated before, the upward movement we had at the beginning of the week wasn't healthy for the price, so it had to return to its mean sooner or later...
This one already happened:
And this one is still in play:
But now I would say we reach $33k rather than $34k...for now. A stronger bearish move would validate my past idea.
Why Do Some BTC Maxies Hate Alt Coins?Because a Ultra Bullish sentiment on a coin other than Bitcoin can really Rekt the Irresponsibly Long nightingale trade strategy.
Ouchy's and Big Boo Boos to come... 👶🍼
"the slosh of cash" money from some other crypto for another moon shot but at the same time I think that button may perhaps be wearing out. You have a Coinbase rally and now what? Allow for many that have held over the years to have an easy exit for the next generation I suppose..
⭐I am not sure how much these events cannibalizing the main driver of this market is really a good thing when we are dealing with the leverage in the space. One of many catalyst to the deleveraging event yet to come in crypto.
[b ]"I personally feel that buyers are going to increase their exhaustion buying dumps. Things can happen too fast for the little guppies to nibble up all the Whale crumbs.. As things sink down toward the inevitable abyss."
"Noobs please try to understand some people have had bags bigger and longer than you."
🤷♂️ #Fixed
What are your thoughts? Is it bad that people like to realize gains say "Cool! More Dollars now!" Or am I really the only person that's down to pull profit and even short a little??? LOL
-No advice to give just thoughts that I can't shake after the last 6 years in the world of "CRYPTO"
"KEEP CALM AND MANAGE THY RISK!"
Bitcoin: What happened today was not healthy for the price...In case you didn't know, this was thanks to the FEDs conference that had place today; it was definitely not good news for the USD, so people buy other assets as a hedge for fiat devaluation and general inflation...and what's the "star asset" for that now? DING DING! You got it...Bitcoin.
The ADX is still signaling an uptrend move, but it totally depends on price action; if the ADX weren't marking a trend continuation, I would short it, but I guess I need to sleep peacefully today, so tomorrow I'll just try to buy cheaper. Cheers!
BTC probably retraces to 22KBitcoin may fall Heavily up to 22000$ or even lower retraces to its Fibonacci 61.8% or even 78.6% of its bullish wave and then we can expect some bullish continuation
I have specified its bearish retracement in a bearish channel
the other scenario is it may shoot up to 127% and 161.8% Fibonacci extension which is 50000$ and 62000%
it is just a raw speculation based on Fib and MACD
please comment your opinion