Bitcoin-short
Soon or late ( not that late) we'll go down to decision areahi again
I pointed out waves and based on that I believe that this wave we had and its going to end , is wave c
after correction to 41-42 area things will be clearer
so reasons I consider as short signal :
1-divergence in RSI in overbought zone
2-decreasing of Volume tells us that trend's got week
3-rising wedge which is a bearish sign
4- major resistance 48-50
5- the price reached top of bolinger bands
anyway I suggest you waiting for breaking out of rising wedge and then set up short position
Thanks for reading
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Bitcoin is in a RISING WEDGE pattern. Respected Traders,
With 100000% percent absolute certainity, i am about to tell you is that BTC will fall from $50k level down to golden pocket of about $35-36k. Also the RSI is in a bearish pattern and the volume down isn't helping either. So start shorting if you don't see any positive news.
Your fellow mate
DANTE
Bitcoin to drop to 40k / 38K before continuation of rallyDouble top on 6H RSI and lower highs on bitcoin point towards likely drop to 38-40K buy zone. Weekly green candle close of BTCUSDT is less than half of previous red candle's body, another sign of weakness.
Weak third consecutive SP500 weekly close is hinting that the 1.9T stimulus package is already factored in the price and a tumble on today's stock market open will serve as the catalyst for bitcoin's dump to 40k.
With serious buyers interest at 40k support we will likely continue from there to 55k+ and that bounce at 40k will be the best buying opportunity for alts too. I will post a long idea if the dump materialises.
Target 1: 40k
Target 2: 38,5k
Bitcoin Short Setup & IdeaBitcoin lingered a lot in this price zone, I don't think it's a logical situation to linger so long.
I think at the level of $ 41300, investors sold their goods and there are no new buyers for Bitcoin at these levels.
Earlier than that, the $41000 and $42500 range was a sell zone for bitcoin. I prepared a short setup because, thought it could not exceed the 41000 dollar levels.
Please manage your risk.
BTC/USDT (1D) Expanding Triangle ? Midterm gameplanHi Traders,
hopefully You are enjoing summer after huge profits. ?
There is an Idea what we could see at BTC chart in next few days - weeks. Right now this could be least expected move from so called Whales. Most people are alredy Getting in. So lets squizzz them and scare the rest of HODLeers before big guys will fill their bags.
We will most Likley see Expanding Triangle, check the basic informations here:
worldcyclesinstitute.com
Hence Last wave ((v)) of A could go to 24K (if ((v)) = 1:1 to ((i)); or possibly 20K = 1:618 Extension.
Trade safe, let me know what your strategy for BTC right now.
More Binance HK FUD as Exchange Sets CAP on BTCDOWN Token TradesSo this WAS my buy grid until I attempted to enter orders into the system and received a popup window stating that I would exceed some new limit they now have placed on the amount of BTCDOWN an account holder can accumulate. Total BS and apparently they've capped ALLLLL the DOWN tokens to $5K max citing "extreme risk" as their reason for doing so. I could go on a rant but why bother, the variable leverage and ease of use was why I chose to use this token over jumping through all the margin hoops to short straight vanilla Bitty. Also, Binance HK has further caved to regulators and set a new cap on exchange withdrawals to 0.06 BTC for lower tier verified accounts. The party will end at some nearing point now and the glory days of a "free market" for crypto will soon be gone. It was fu while it lasted though. www.binance.com