Bitcoin - Beginning of a bearish trend (short)
Bitcoin has been climbing for a long time now on declining volume but massive increase of price. MACD daily shows we have long way down and my target point for this bear run is 3500 USD.
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I have very strong feeling we have topped, no more new ath's. There will be a very big dump somewhere in the future, it will be massive and fast.הערה
If we follow these fibs circles in my main chart, then there is lots of vertical "free fall space" from D to E, thus fast movement. I will be doing an update later this day, we could enter a 2-3 year bearmarket from this point on.הערה
For now 3500-3600 is still my target point. We should get support at these levels.עסקה פעילה
The great fall to 3600 could be today or tomorrow.הערה
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Congratz everybody who shorted with me from the top, we almost hit our 3600 TP. Closing now is an option to short again higher, we could even go lower than 3600 longterm so its up to you to hold or not.הערה
Massive sell off in China, from 26000 to 19800הערה
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3325 should be our ideal entry point to long the bounce.הערה
My entry zone is ranging from 3475 to 3325 and entries are spread to minimize loss.הערה
3325 HIT, still possible to go as low as 3200. BUT this is where I will buy for good bounce up.הערה
This chart should be taken lightly, the wigs could be too far down or up so the average should be our main guide. This segment is an overlay of 2013, how the bubble at that time broke down. What is important is that these structures follow certain ratios and that these are generally repeat in nature. I put the dates in the chart so you can get in indication how long this potentially will take and where we might go up. Save it somewhere, it will be useful! הערה
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We broke down 3200, support should act at 2850 USDהערה
I think if 3000 holds as a floor we can swing back to 3600.הערה
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AMAZING SWING from 3000 straight to 3666! SHORT for nowהערה
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Didn't meant to post this, but its fine anyways. I think 1H MACD and Stoch RSI say overbought. Looks like we are breaking down of this narrowly raising wedgeהערה
Strongly advised to close any long now and wait till 1H bottoms. הערה
Bounce time! הערה
We hit above target. Continuation from hourly bearish can continue now.הערה
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Here we go! More down, and fast.הערה
Going straight to our target! Panic selling :)הערה
The rumour is that china will ban all foreign exchanges and will blacklist those even for VPN not accessible.הערה
Overall BTC is looking bearish. We get hardfork in november, huge volatility swings at the moment and uncertainty in china which is a large contributor to trading volume and price.הערה
Seeing a somewhat similar structure here. הערה
Bitcoin retracing at the moment upwardהערה
Downward indication הערה
Today or tomorrow will again be an interesting day, we either break down here or go more up. Expect volatility.הערה
A strong bullish wave can be present. Breaking out of downtrend likely.הערה
Target 3705 USDהערה
This could be the big bulltrap we are waiting for or point B of major ABC. The ultimate target of this is 4080. Closing any shorts around this level is advised since trading range is very narrow and can break down easily followed with a major dump.
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Rebuy zone at 3670-3720הערה
I will be making a new chart, to keep it clean. The downtrend served it service so far and we did create a doji at (E), which means we are up for a small retrement upwards.העסקה בוטלה באופן ידני
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Good small bounce at point E. Check out my new chart!
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.