Why Bitcoin is Declining? And What’s Next?

[Monfex]

Dear trader!

Here is your Bitcoin Trend Analysis - the ultimate source of market ideas and trade signals, brought to you by Monfex, that will make you a winning trader.

It’s important to emphasize that the current downward move we’re seeing right now is a corrective wave within an upwards trend, and not a trend reversal. 
In case of Bitcoin , a hypothetical decline below a significant support at $7,500 would send a strong signal of a possible trend reversal. The retracement we’re observing now is a ‘market noise’ - meaning, it is a short-term trading volatility that does not alter the long-term trend for Bitcoin .

In bull markets, corrective waves occur regularly, since any price trend, by definition, consists of a series of waves and counter-waves.
Both technical and fundamental approaches to market analysis indicate a positive long-term outlook for Bitcoin . Currently, the price is adjusting downwards closer to its mean value (i.e. central tendency), which creates a good opportunity to buy Bitcoin with a ‘tight’ stop-loss, thus ensuring an attractive risk/reward ratio.

The fundamentals of the Bitcoin network are improving every month - we are seeing increasingly higher numbers of Bitcoin active wallets, Bitcoin daily transactions, and Bitcoin hash rates, all of which indicate an increasing demand for Bitcoin . For example, an increase in the number of Bitcoin active addresses used is associated, by definition, with an increase in global adoption and use of Bitcoin . This translates into increased demand for Bitcoin , which leads to an increase in Bitcoin market price. Since the trend of improving fundamentals continues upwards, we’re expecting to see further price increases of Bitcoin .

Active Trade Signal:

- Buy at $10,000
- Take-profit at $15,000
- Stop-loss at $8,000
- Forecasted P&L: $50,000 per 1 lot with 10x leverage
- Risk/reward ratio: 1:2.5 (very attractive) 

If you enjoyed this article, then:
- Take advantage of our superior trading terminal on Monfex
- Trade with up to 50x leverage with zero commission on Monfex
- Discover new trading ideas on Trading View

This analysis has been prepared for you by Monfex- a revolutionary cryptocurrency trading platform.

WEBSITE | EMAIL | FACEBOOK | YOUTUBE | TWITTER |TELEGRAM| TRADINGVIEW [/b]

[Monfex]

Dear trader!

Here is your Bitcoin Trend Analysis - the ultimate source of market ideas and trade signals, brought to you by Monfex, that will make you a winning trader.

It’s important to emphasize that the current downward move we’re seeing right now is a corrective wave within an upwards trend, and not a trend reversal. 
In case of Bitcoin , a hypothetical decline below a significant support at $7,500 would send a strong signal of a possible trend reversal. The retracement we’re observing now is a ‘market noise’ - meaning, it is a short-term trading volatility that does not alter the long-term trend for Bitcoin .

In bull markets, corrective waves occur regularly, since any price trend, by definition, consists of a series of waves and counter-waves.
Both technical and fundamental approaches to market analysis indicate a positive long-term outlook for Bitcoin . Currently, the price is adjusting downwards closer to its mean value (i.e. central tendency), which creates a good opportunity to buy Bitcoin with a ‘tight’ stop-loss, thus ensuring an attractive risk/reward ratio.

The fundamentals of the Bitcoin network are improving every month - we are seeing increasingly higher numbers of Bitcoin active wallets, Bitcoin daily transactions, and Bitcoin hash rates, all of which indicate an increasing demand for Bitcoin . For example, an increase in the number of Bitcoin active addresses used is associated, by definition, with an increase in global adoption and use of Bitcoin . This translates into increased demand for Bitcoin , which leads to an increase in Bitcoin market price. Since the trend of improving fundamentals continues upwards, we’re expecting to see further price increases of Bitcoin .

Active Trade Signal:

- Buy at $10,000
- Take-profit at $15,000
- Stop-loss at $8,000
- Forecasted P&L: $50,000 per 1 lot with 10x leverage
- Risk/reward ratio: 1:2.5 (very attractive) 

If you enjoyed this article, then:
- Take advantage of our superior trading terminal on Monfex
- Trade with up to 50x leverage with zero commission on Monfex
- Discover new trading ideas on Trading View

This analysis has been prepared for you by Monfex- a revolutionary cryptocurrency trading platform.

WEBSITE | EMAIL | FACEBOOK | YOUTUBE | TWITTER |TELEGRAM| TRADINGVIEW [/b]

Dear trader!

Here is your Daily Bitcoin Market Analysis - the ultimate source of market ideas and trade signals that will make you a winning trader.
This content is brought to you by Monfex - a revolutionary crypto trading platform, well-known for its honesty, security, and attractive conditions for active traders!

Summary:
- Trend power is weak. The direction of trend is DOWNWARDS.
- Oscillators generate a SELL signal over the short-term (this week)
- Chart patterns generate a STRONG SELL signal over the short-term

Chart Patterns
On July 15 the price broke through below an ascending trendline. So, technically, we received a short-term trend reversal signal from upward to DOWNWARD.

In fact, now is an excellent opportunity to enter SHORT. Watch for the opportunity to enter short at $9,700, which is the upper trendline of a short-term descending trend channel. The local resistance level is located at $10,200, which should be used as a stop-loss.
From $9,700 the downside potential constitutes 10% over the next week, which you can increase to 100% by using a moderate (10X) level of leverage.

Based on this analysis, if the downward trend continues, the price is likely to decline to the next significant support level at $8,400. Use the $44 price target as a take-profit level.

Exponential Moving Average
Fast EMA (3 Days): Is declining, and the price is below the moving average. This indicates that the short-term (intra-week) trend on BTC/USD is heading downward.
Slow EMA (10 Days): Is moving sideways / slightly declining. Coupled with the fast EMA data, we are getting evidence that the BTC/USD trend is going to further accelerate downwards.

Bollinger Bands
Bollinger Bands indicates that the trend has reversed downwards. Its middle line is declining.

Stochastic Oscillator
The Stochastic has reached the overbought range, and is currently moving down. The signal is to SELL. If the current trend continues to break away from the upward trend, then we’ll likely see the price drop to the $8,350 mark.

Active Trade Signal:
- Sell at $9,700
- Take-profit at $8,350
- Stop-loss at $10,250
- Forecasted P&L: $13,500 per 1 lot with 10x leverage
- Risk/reward ratio: 2:45 (attractive)

If you enjoyed this article, then:

- Take advantage of our superior trading terminal on Monfex
- Trade with up to 50x leverage with zero commission on Monfex
- Discover new trading ideas on Trading View

This analysis has been prepared for you by Monfex- a revolutionary cryptocurrency trading platform.

[Monfex]

Dear trader!

Here is the quick Monfex market analysis update.

Trend analysis
Bitcoin recorded a new low with a HAMMERcandlestick . This could mean it is ready for a reversal. Since the HAMMER , there has been a steady increase in the Bitcoin price. While the fast EMA (200) is still above the price we may be getting ready to see a bullish price crossover.

The RSI is headed towards the oversold territory. The price of BTC has recorded a lower low while the RSI is recording higher lows. This means Bitcoin is gaining momentum and if the volume increases, we may be headed towards a strong upward trend.

What To Consider
With several bullish signals forming, it looks like now may be a good time to close short positions and consider a long term buy. If the price reaches past $10,200 (short term resistance) we may be in for another bull run. BUY at $9,800 price and SELL at $10,200

Active Trade Signal:
- Buy at $9,850
- Stop-loss at $9,250
- Take-profit at $10,200

If you enjoyed this article, then:

- Take advantage of our superior trading terminal on Monfex
- Trade with up to 50x leverage with zero commission on Monfex
- Discover new trading ideas on Trading View

This analysis has been prepared for you by Monfex- a revolutionary cryptocurrency trading platform.

[emililadjet]

By the time you posted this topic, Bitcoin is at $9,438.72 and today Bitcoin is at $10,400. That's a price difference of 10% already.

[Mpxs]

if I think the next bitcoin price will also give a better price in 2019. because I also believe that the development of bitcoin prices and all current market prices will also give pretty good results, so I believe the price of the next bitcoin bitcoin will also give a good price good in the future.

[Monfex]

if I think the next bitcoin price will also give a better price in 2019. because I also believe that the development of bitcoin prices and all current market prices will also give pretty good results, so I believe the price of the next bitcoin bitcoin will also give a good price good in the future.

The long term trend looks promising and it is definitely a great idea to hold. But during the short term, it still may fluctuate of course.

[Monfex]

Hello,dear traders! We would like to introduce you our new trading idea !

Bitcoin is on a considerable run headed towards the next resistance mark of $13,000. The fast EMA (200) shows a bullish price crossover, and now the fast EMA (200) is below the current price, which indicates upward momentum. The volume is increasing but the RSI shows that the price is well into the overbought range.

 With the price getting rejected hard at the $12,000 mark and now showing a long candle wick on the 4hr chart, we can expect a bit of a pullback.The closest established support level is at $11,000 so expect a dip into this range. If the pullback reaches this level, consider a BUY at $11,000 and a TAKE-PROFIT at $12,500. The STOP-LOSS should be set at $10,500.

Active Trade Signal:

- Buy at $11,000

- Stop-loss at $10,500

- Take-profit at $12,500

- Forecasted P&L: $3,000 per 0.1 lot with 20x leverage on Monfex Exchange

- Risk/reward ratio: 1:3 (very attractive)

To your Trading Success!

[AlexHales]

I don’t think it’s possible to understand this without visiting the past and the history of Crypto industry. You just can’t go far without it, so the most important thing for one to figure out is to get proper idea of history. It is only way forward for anyone to achieve results worthy in any term.

[Monfex]

I don’t think it’s possible to understand this without visiting the past and the history of Crypto industry. You just can’t go far without it, so the most important thing for one to figure out is to get proper idea of history. It is only way forward for anyone to achieve results worthy in any term.

Definitely. The long term trend of Bitcoin does look good and it still hasn't reached its ceiling yet. It's going on a run now, testing the $12,000 mark

[olliecrypto]

Bitcoin is declining because people are losing interest and the economy is going crazy in different countries.
America is in decline, china is having protest, brazil is on fire.
if and when things calm down, people will most likely feel comfortable investing in things again.
not much a market can do when its users are stressing about their bills and gas prices.

[Siffi]

if I think the existence of bitcoin is decreasing, because there is more demand to sell than investors to buy it, then the price of bitcoin is also easier to decline.

[TonyMontana]

It's not the right thing what did you mention here. Bitcoin is not decreasing I think this is the real scenario of this track, Ups and downs are the main trendy of this one. Well, now the price is falling down so you see this scene is the last stage of this one but when the price goes up then what do you say about this situation.
I do believe that Bitcoin is the largest platform in the crypto world so it might go so long. Otherwise, the Crypto world will face a huge lack of trust. that's why Bitcoin will alive for a long time.

[Monfex]

Bitcoin is declining because people are losing interest and the economy is going crazy in different countries.
America is in decline, china is having protest, brazil is on fire.
if and when things calm down, people will most likely feel comfortable investing in things again.
not much a market can do when its users are stressing about their bills and gas prices.

In contrast, the fundamental factors you’ve described drive the demand for Bitcoin even higher!
For example, Beijing’s retaliation on last Friday to an earlier U.S. tariff hike led to yet another increase from Trump, who raised the existing tariffs to 30%. As a result, stocks slump, bonds, and safe-haven currencies rally. Bitcoin is expected to surge as well, because it is being increasingly used as a heading instrument by global investors.
Also, there are lots of signals pointing that the recession for the US may be just around the corner - from the US-China trade war to Brexit uncertainty and other indicators. And while investors are fleeing from equities, some of the financial flows will be allocated to Bitcoin , driving its price further upwards.

[Monfex]

It's not the right thing what did you mention here. Bitcoin is not decreasing I think this is the real scenario of this track, Ups and downs are the main trendy of this one. Well, now the price is falling down so you see this scene is the last stage of this one but when the price goes up then what do you say about this situation.
I do believe that Bitcoin is the largest platform in the crypto world so it might go so long. Otherwise, the Crypto world will face a huge lack of trust. that's why Bitcoin will alive for a long time.

No. The supply of Bitcoin is fixed at 21 million of Bitcoins. In contrast, the demand is growing consistently, thus leading to an increasingly higher price every year.

[Monfex]

It's not the right thing what did you mention here. Bitcoin is not decreasing I think this is the real scenario of this track, Ups and downs are the main trendy of this one. Well, now the price is falling down so you see this scene is the last stage of this one but when the price goes up then what do you say about this situation.
I do believe that Bitcoin is the largest platform in the crypto world so it might go so long. Otherwise, the Crypto world will face a huge lack of trust. that's why Bitcoin will alive for a long time.

Hi,
You are right, the trust behind Bitcoin’s technology - the blockchain ledger - is probably the greatest driver of its value. If or when Bitcoin achieves a truly global adoption and will be used as a reserve currency and in international transfers, the demand for it will so high that its market price might grow multiple times higher compared to what it is today. But, still this is kind of a longer-term outlook.
Meanwhile, as a traders, we can trade uptrends and downtrends and make solid profits form ups and downs, regardless of whether the price is going increasing or declining!