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Bitcoin-short

Bitcoin Correction Seems Inevitable -cycle of support and resistance followed by retests since January of 2021 -downtrend since early November with a clear resistance -bitcoin has gapped down past the support level that has been clear since late July Currently Bitcoin is struggling to move either direction, and a close red would be a sign of bearish continuation. In the case that Bitcoin poses a reversal the $51904 and and $53461 resistance levels are at and below the descending resistance level. A retest of this level could continue the downtrend back to the level of $42200 that we saw yesterday (breaking the 5 month long support level) I suggest averaging down with a small amount when a key level is passed / tested. Good luck to all.
INDEX:BTCUSDShort
by b33mba
BTC down 30% from ATH - Sinks Q1 2022What's up trading fam -- It's been a while since I've posted my last idea!! I'm happy to be back though and I trust that you all have been raking in the wins this year. 2021 was a "refresher" from 2020's chaos, but we're still in for quite the show. BTC is down roughly 30% since its ATH on November 10th. As I've stated all year that there is a looming bubble to be popped across most, if not all U.S. asset classes (e.g. Real Estate, Crypto, Stocks, Indicies, and more). With the dawn of the Omicron variant of the COVID-19 virus -- EXPECT THE UNEXPECTED!! I submit that we will see these asset classes will have their day of reckoning in the first quarter of 2022. There is no $BTC @ $100,000 in 2021, let that go. I don't even think Amazon accepting it would save it from this crash. El Salvador is in the red (random but LOLz) .. This will be the greatest reset of human history (whenever it pops). Remember, we've passed the matter of "IF," it's all about "WHEN" now. Anyways don't inject hopium and follow for more wins! Share this idea with a friend!! I need 200 followers by 12/31 !! 40 more to go :) -Stay Ri$ky
BITSTAMP:BTCUSDShort
by risktrader95
2
BTC MOON ?? Maybe NahBitcoin is likely to touch the demand position in the $40,000 - $44,000 area based on Elliott Wave Theory, bitcoin will move to phase C. where the price will return to the 2nd wave area. "REMEMBER" this is just an idea based on technical analysis, it is possible that BTC will retest to the $60,000 - $62,000 area, and will continue the phase as shown in the chart above. I've added Fibonacci index level 0.618 which is in the $43,000 area (Strong support). Not financial advice, Do with your own risk Any Donation/Support (ETH) 0x94bD70a85147A9f2588994854617987D980acED2 Thanks
BITSTAMP:BTCUSDShort
by nurmilham_
Bearish MACD ATR Divergence 1W: Bitcoin (BTC) shortWeekly: There is now a finger pattern, an upwick sticking out and the current weekly candle went up after the open but failed, and now prices are below previous candle close. Weekly is only half way, but bearish divergence is developing on EFI and MACD-H. Stochastic RSI seems to cross, and is overbought. Let's see how this develops. On shorter TF's I was daring to short around 61-63K, because of the setups on the shorter TimeFrame. I'm carefully opening short positions while I am looking how this weekly candle unfolds and take it's value most serious in it's last 1/3 of its ilifespan. If this setup plays out, I expect it to go to the middle of the value zone, around 50K, up to the -0.5 ATR around 45K. That is a 1.5 ATR to 2 ATR move. -1 ATR could be a third target, but that could be tried with a last remainder of the position Daily: After the ATH, a failed try to make a new high, fiddled out and price could not reach the 2 ATR. Then prices started to fall. I shorted already a good portion around 62K-63K based on a setup of the 4H chart. Daily is at the VZ zone now, and I expect it to pull up a little based on a shorter TF. There I will add to my short. Stochastic RSI is oversold, but still kind of flat, and seems to cross again. EFI declining and level is nou in bearish territory, below zero. Entry: Now, or higher, based on short TF ( I already entered this short around 62K on average Exit: Target 1: 50430 Target2: 45100 Stoploss: 64408 R/R: 1:2 up to 1:3
Short
by Tornado_Trading