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Btcusdsell

Analysis of BTCUSD on the 4 hour chartBitcoin broke an uptrend, and when it breaks 49487, its selling targets are: 47232 And when 47232 is broken, he has broken the Wyckoff drainage stage, so his selling goals are: - 44726 -41527 -38267 -34283 _______________ If he exceeds 53075, his buying goals are: -56839 -59522 _______________ My personal opinion: He broke an uptrend while he was at the end of the Wyckoff discharge stage, and he will break it downwards, so I am in favor selling.
BITSTAMP:BTCUSD
by wmforex
Bitcoin, a buy or a sell?There has not been a good week from crypto holders, with the prices dropping all over the market and in bitcoin's case, this drop is measuring around 20%. At the time of writing the main cryptocurrency is trading at 47500 and I expect a drop under 45k recent low. That being said, in my opinion, rallies above 50k should be sold and only a rise above 55k would put bitcoin in a bullish perspective I maintain my 42k target for this drop but I would not be surprised if btcusd is dropping even under 40k
BITSTAMP:BTCUSDShort
by Mihai_Iacob
47
Bitcoin Ready To Take A Rest?For the record, I'm completely fine getting this one wrong, and I will not be participating in this short trade. However, I look at the chart from both perspectives and base my decisions accordingly. I'm a HUGE Bitcoin bull and I love it when Bitcoin pumps, but I gotta call it as I see it for now. The last time everyone was calling Head & Shoulders, and I just didn't see it. This time, it looks a little bit different, but it can still EASILY get invalidated if It's super bullish, and closes above previous highs. I don't typically say this, but it's "possible" Bitcoin is putting in a local top here. it "could" be a bearish head and shoulders pattern. If the price cannot close above the top of the channel, we'll likely start the overdue correction. If you look at the Dominance chart, technically, if we got the correction now it would make total sense. Dominance would fall off hard and we would start to see the beginning stages of the Altcoin rally. I would like to see a big rejection wick on Dominance to confirm this.
COINBASE:BTCUSDShort
by CryptoSyphn
1
btc rejection from 19500$ or 19700$ From Daniyal Daraeiafter the beginning of 12dec that the moment bulls runs with huge power and breaking 18200, btc get to 19300 too soon and the market hasn't enough fomo to reach 20k on 2020, i think btc will get rejected from 19500, or 19700 again and the price will reaching to 16888 and then will reach to 16100 (the price that bulls will aggressively defend that zone) and then it can get back in business and make a range between 18k to 19k for few days. send me your comments and share it ;) -Daniyaldaraei
Short
by daniyaldaraei
7
Bitcoin: Sell-off Should Continue Near CMPHi Traders, In the Bitcoin daily chart above, price broke the ascending trendline and support level impulsively. Price has then retested the broken support as resistance and moving lower gradually. The pattern on the chart can also be seen as an Elliot Wave double zigzag pattern. The first zigzag as completed in wave (w), followed by the double zigzag connector in wave (x). Price is now making the second zigzag in which wave a is completed and the price is currently in wave b. As long as the price stays below the red line (wave a high), we should be anticipating a sell-off in wave c of (y). The setup will be invalidated if the price breaches the red line. The breach of the green line will confirm the bears have resumed. I will be watching how this plays out in the days ahead. What's your view on Bitcoin? Let me know in the comment. Best of luck on the chart. Veejahbee.
Short
by Veejahbee