Short

Updated

Some Bad news for Bitcoin Bulls that can take the price to 8800s

Hi friends,
I am back with a new chart. In my last chart I published an idea stating that BTC will hit 8800 in no time but I failed to calculate this tiny pump till 9800s from 9400s. It was pretty natural move and trend traders wont mind but I found out that some of my followers do care 300-400$ moves which I am not fan of. However I am coming up with this new Bearish idea where my focus is to ride at least 1000+$ down from here. You can see from the chart that there was a beautiful symmetry formed that can help us to have a tiny dip before we march into another Bull rally.

My Trade :
Short from 9750s-9850s
Target: 8800s and below

Peace and wealth,
Budha

Note

On 30 minutes frame on a shorter range we got a tiny support at 9650s that is holding the price sideways.

On 1day frame on a mid range price is moderately bullish trend tilting towards bears.

On longer range we can see price is overbought and need some correction.

Note

BTC turned slightly Bullish on daily chart so if it doesnt dip here better for us to close our short. If it could fail here we can have our expected dip. I am Still very much favoring the dip with little cautious over the daily trend.

Note

Hi, as stated in the above comment , we are going up due to slight daily bullish trend. From 9600-10300 it can change any time that could result in huge dip. I will be patient with this for next couple of days before to decide if to stay on short or Long, until then I am going to be short.

Note

Weekly is Sideways tilting towards bears but have huge support

Daily is about to confirm bearish Trend

30 minutes is Bullish which can impact on tiny bounces.

I am still favoring the dip, so I am waiting for the dip to long. Otherwise I will long later when I see the clear trend upwards.

Note

I am expecting some healthy dip on feb 12-13 either manipulative or some other way. If not dipped/crashed, I may close this chart and come up with the new one.

Best regards,
Budha

Trade closed: stop reached

One of my bad failure chart after I created my Trading view. I am sorry for this and I will try to come up with new one with better and right analysis.

Note

I am still for the support of dip on Feb 12-13th but I wont be shorting as my strategy is to buy the dip and wait on it. Hence I closed this chart as it would not have been a good advise suggesting to short when it is riding up. Saying that I am still Bearish for next 2 days before I make my new trade.

Note

We hit 9470s and I was waiting patiently for so long for this kind of dip and so not made a new chart to confirm this. Glad I got some confirmation and I will be back with new chart soon in couple of days.

Note

I come up with this new chart with very similar idea to the above chart:

Bitcoin Headed towards 8300 before the mighty pump

UnknownUnicorn6209745

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Expecting a flat crash that can lead us to 8800s again

by UnknownUnicorn6209745

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