Short

BTC/USD Short

Updated

This is another observation. Only a quick TA on the 1 Day chart for BTC

Comment

There will be quite a few buy and sell opportunities in between now and the predicted drop. I'm forecasting that BTC may return to around 8,500 over the next 4 months.
I don't believe we will have a new ATH before then.
Please let me know what you think will happen in the comments.

Comment

If you have BTC and are worried about the fall I wouldn't sell until it reaches 17,800 - 18,200.

Order cancelled

Trade active

Ok. Sorry for all the comments. But, Down she goes

Comment

If you have BTC and want to cash out. I recommend trying to sell around 16,300.
Up to you if you take my advice. I could be wrong. Here is the TA

Comment

Price dropped lower than anticipated on the first wave so I have moved my sell position down.

Comment

Bitcoin may return up to 17,500 area from here before the big drop.

Comment

BTC Has made a series of inverted cup and handles as it progresses down. If it completes this head and shoulders I believe this will be a large drop to around 13,000 area.

I am noticing patterns and sharing my ideas to get feedback. Not as advice. Thanks for any tips you have.

Comment

By BTC... See you at 13,500 to see how you're going

Comment

Here are a few of the ways you can confirm a down trend. The rules are opposite for an uptrend.

Comment

Head and shoulders have so far failed to complete and BTC may have found support

Comment

I don't know how this isn't being pointed out by everyone at the moment.
BTC is due for a pull back to it's overall trend line between 8,000 and 9,000

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.