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Bitcoinshort

BTCUSDT - Wyckoff Distribution is in action10 Years of Uptrend is about to End Please Don't Roast me, I know BTC is everyone favourite but maybe 10 years of long trend is about to end.... To me it looks like We are in Phase D of Wyckoff Distribution Phase. The Bear everyone is waiting in future might be just roaming around since last year. P.S. I am not a trader, this is not a Financial Advice, I am new to the market and learning different concept and to apply them for my personal learning and educational purpose. Please share your thoughts and ideas for improving my knowledge. Final Thought, I might be a wrong because BTC maximalist are crazy and this bubble might go and go and go.. Who Knows. I also wanted it to go on... :) Thanks.
Short
by CryptoCaffiene
7
Bitcoin - value of S2F model and TA on 1MMany bitcoin investors believe in the S2F (Stock to Flow) model and expect bitcoin to rise to 100,000+ USD any time soon. The model advocates that an asset has a production/supply limit, for example, like gold and silver and therefore, in the long run, such an asset will only grow in value. This is all true! Hard asset Bitcoin has a limited supply of 21 million. This makes it a hard currency, so by 2040 one can expect it to be worth 1 million USD per unit. By that time, Bitcoin will mainly be used as a banking transactions' instrument, while for investment purposes a new fork will be created most likely. What's the buzz? If you are a long term investor and time is on your hands, then simply wait another 15-20 years and you'll collect your jackpot. However, if you are a trader on 1D, then you should take into account that bitcoin is a high-risk asset due to its volatility, it runs in cycles that are determined by macroeconomic factors and its drop to 10,000-7,000 USD is more than real. If in doubt, then take a look at US Binance on October 21, where the price of bitcoin fell by 87% from 65,000 USD  to 8,200 USD within a minute. It's important to remember that the cost of bitcoin is primarily the cost of electricity used for mining + the cost of its farm's infrastracture. For large industrial farms, such as Poolin, Bitmain, Crypto Scientific etc. that make up the main share market - the cost per bitcoin is around 3000-5000 USD. Everything else is mere speculation and the belief in hard asset. So ask yourself - under what circumstances can the price of bitcoin fall in the S2F model? A simple example of a cycle Take any famous artist. During his life, he can create only a certain number of paintings. The price of a painting grows progressively as the artist becomes more famous and demand for his work increases. This is a S2F model. A painting's cost bottom remains unchanged - it includes the canvas, paints for drawing and the time it takes to create the masterpiece. All of a sudden a global war arrives. There is misery and hunger! This is a cycle. During this period, an artist's painting loses its value and is sold for a loaf of bread. Recession In this insance, bitcoin's war is a global recession that has already begun. This is confirmed by US bonds' price inversion. As in the last 9 recession cycles over the last 60 years such course was always followed by a market crash. Based on  previous cycles, the recovery of the US economy took an average of 9-16 months. Hence, we are looking into 2023 at least before any further growth! TA on 1M The blue curve is now flat at the top. The upward blue trendline was broken back in November 2018. In June 2021, the price exited the green wedge and bounced off it in October 2021. Two days ago the price broke through the second pink wedge, so far only as a shadow, but it is only the beginning of the month. RSI has a clear price divergence. MACD is at the peak of a rising wedge. RVI has broken through 50. Vertical volumes keep falling while price rises.
INDEX:BTCUSDShort
by WallStreetFox
15
Bitcoin - a flight to the moon is canceled!I am updating my BTC analysis on 1D. My review has the following add ons: What are the basis for going SHORT on the chart? 1. An acsending wedge has been formed. It's in green colour. It is feasible for the price to touch the top line of the wedge around 64500-64700 USD, and then move down into the purple triangle. This is one of the scenarios for price action. 2. The second scenario involves the price moving inside a formed descending purple triangle. Thereafter, a price can be expected to break the bottom support line of this triangle: and go down to 38.2%, followed by correction and further fall 50% on Fib (A-B-C pattern); or fall directly to 50-55% on Fib to liquidity support level. How are indicators supporting this? 1. RSI support level has been smashed on 22 October. MACD wave is moving towards zero level. RSI and MACD divergence in relation to the orice action is very clear on 4H. The divergence has started on  7 October and is actively present up to this day. 2. Market volatility is falling. On 28 October RVI dropped below 50 - it's the first signal to sell. The second one will be at level 40. 3. Vertical volume is falling still while the price is moving up. Even though the price action slowed down, it is still at the top and showing divergence. A good strong signal to go SHORT would be a high volume bar indicating a sale - that would be the bar in red colour. It's best to look out for it on 4H, otherwise you may miss a good slice of profit if you concentrate on 1D only. What are the fundamental basis? On Wednesday, FED stated that they will reduce bond purchasing by 10-15 billion a month. Less credit volume means lower liquidity. When liquidity is reduced, the price goes down. However, how is this relevant to bitcoin? Well, according to research company Datatrek, in 2021 the correlation between bitcoin and S&P500 is 79% on 1-10 D timeframe. Bond market has a direct effect on equity market.  When the equity market falls, speculators reduce their positions starting with higher risk assets, one of which is bitcoin. Why is the light to the moon of 100,000 USD is unlikely to happen now? This is because a couple of trillion dollars would have to be pumped into bitcoin to move its price to the top. There is simply not enough liquidity to make this happen at 60000-67000 USD level.
Short
by WallStreetFox
6
BTC keeps collapsing📝💰 Due to the chart, BTC would form three probable patterns: 1. Running Flat 2. Running Triangle 3. Expanded Flat The PRZ zone is the area I've specified by using Fibonacci. So collapsing is certain, but... Running flat and expanded flat have impulse formation but running triangle not (A-B-C formation). Since wave 4 is often a triangle, so A-B-C is more probable. I've also used Ichimoku. A long flat Senkou Span B along with a thick cloud, it's informing us this topic which I can't pass it nowadays. Thus I think it would form wave B which is a upward wave and finally wave C would be formed by passing the cloud and more collapsing is on the way. 💣 In conclusion, I can say just be patience and ready for short positions. 🌐 My website: alibahaari.github.io
Short
by AliBahaari
6
Bitcoin- Yesterday's price action provides a lot of cluesIn my previous 3 or 4 analyzes I said that in order to maintain its bullish trajectory, Bitcoin not only needs to stay above 63-63.5k zone but also needs to decisively break above 66k. Both of these have failed yesterday. BtcUsd has started the week in a bullish tone, and after reversing from 63k, tried to reconquer 66k, and, as we all saw, failed and dropped to 63k support. This support is also broken now and the outlook for Btc is bearish at this moment. From a technical point of view, 66k is now strong resistance and 69 ATH is a major top in my opinion. I expect a drop of at least 15-20% for this crypto and a visit to 52k support in the medium term. I will look to sell rallies against 66k
BITSTAMP:BTCUSDShort
by Mihai_Iacob
13
BTC #BTC 1D Chart - Downward Short termIf BTC Bitcoin price breaks down I can see the 0.382 fib as support area. This also comes in around 50 SMA. I also want to point out on a larger scale a rising wedge in the orange triangle. It is definitely something to pay attention to. Analysis is on 1D chart. HIT THE LIKE AND COMMENT BELOW PLEASE. THANK YOU! CHART ON TRADINGVIEW USING MY AFFILIATE LINK: www.tradingview.com (thank you in advance!) Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
BITFINEX:BTCUSD
by MillionaireEconomics
1