Bitcoin-short
BITCOIN [BTC] SHORTS ACTIVEBitcoin is "currently" and clearly in a strong downtrend... people are selling and there is no reason you should be buying right now. Plus the overall crypto market cap dropped below 1T$ just recently. There is a lot of room down for crypto in general and don't let anyone tell you it will recover anytime soon!
Bitcoin Stands Above Sirat BridgeAs you can see, we are in the falling channel form in the weekly timeframe and we have reached the support point of this current channel. We also polled wma200, which has served as a trend changer for the bear market for years, although we are currently below this moving average, I hope to close the week above it.
On a weekly basis, our Relative Strength Index value appears to be at historical lows.
If we break this channel and even if there is a candle closing in the weekly timeframe under wma200; I do not think that the figures such as $13,500, which is currently spoken in the society, will hold the price, and I predict that we will go to the minimum $6,500-$9,000 range.
In a possible reaction rally, I think the price target we can reach is the wolfie resistance area of the current channel.
We can see serious candlesticks under wma200, this is normal, but we should never, ever close weekly candles below this moving average.
Bitcoin Warning Could Drop to $12,000I come from the future and I am always right. In the crisis situation of the world, bitcoin could drop to $16,000 and possibly touch $12,000 soon if the $20,000 support is broken. But I’ll take partial short profits of the remaining 1,150 BTC at $25,100, $24,000 $22,000 $19,000 $16,000 $12,000. In addition, the target of the S&P 500 is also at 2500 points, DJA 20,000 and NASDAQ 10,000. Be happy because rich people are losing money. Congratulations everyone for making millions from downtrend. KEEP SHORT, downtrend has just begun. SHORT TIME!
4 Wick Drop Formula on BitcoinMy previous charts that predicted the Bitcoin DUMP were on the Weekly TF.
This chart is a day later of the Daily TF. Same chart just broken down to the Daily TF.
In Real Time my Formula is holding up and Bitcoin is dumping faster the the General Lee!!!
I would say 29k to 27 4k and STILL DROPPING is a DUMP!
Could this be the last run on liquidity before Bitcoin turns BULLISH and never returns to these prices again in the history of EARTH????
Think about this narrative:
Sell as low as you can go. Then when we see the bottom SET we position ourselves to be BULLS when the Bullrush on Bitcoin begins.
The signs before the bullrush will be consolidation and excitement for us.
Because will have weathered the storm, and will capitalize on the greatest WEALTH CREATION in the history of human civilization!
This is when those predictions of Bitcoin going to he MOON in Nov 2021 are validated. (funny how the market moves that way)
Exciting times we are in for sure!
As always: NEVER over leverage.
Trust your trade set up.
Have fun!
Trading Made Simple.
Bitcoin is non-recoverablehello.
I'll give you my personal opinion.
Bitcoin is currently hovering around 30K.
Current trading volume is also low, and a major decline is expected in the near future.
It is more likely to fall than to rise.
If open contracts are consumed by a small downtrend, it can result in a large decline.
Don't blindly trust your indicators.
It all depends on the movement of open agreements.
Currently, a lot of open contracts have been consumed, but it can only rise when more is consumed.
We offer long and short signals free of charge.
Please see my profile.
New Rising Channel for BitcoinCurrently, we seem to have received rejection from ma200 in the h4 time interval. Although we seem to be holding on to the ma50 on a support basis in the same timeframe, I don't think it will make the channel valid and I think we will throw a pin below the weekly ma200 and close it on this lively average. Although the sloping channels formed in all kinds of logarithmic scales and weekly timeframes show that we are at the bottom, there is clearly a need for a sharp decrease so that we can see a sharp reaction rise. We still have not reached the goal of the bear flag formation in the big picture, and moreover, there is another bear flag that we can see in the small picture, confirming the goal of the other one.
BITCOIN Is Very Bearish! Sell!
Hello,Friends!
Based on the technical analysis
And the recent minor fundamental news
BITCOIN looks bearish to me overall.
I think that market-makers will be pushing the pair down
That is why we are going short!
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