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.
Bitcoin-short
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
NZDJPY - Key Area Approaching!NZDJPY approaching a key reversal area. We're in a series of impulse and corrections. Expecting the next impulse very soon.
We're expecting JPY strength = NZDJPY SHORT.
TP 200pips!
Broke this down completely in the VIP . Have a look at the links below.
Goodluck and trade safe!
Bitcoin - Short Below Key Resistance Level Bitcoin has consolidated below support at $31,200 and continued to fall below the psychological $30,000 level. We expect the cryptocurrency to move lower if doesn't rebound strongly back above resistance at $31,200 in the coming trading sessions. Bitcoin has sustained it's downward momentum since the beginning of May on the back of Chinese crackdown and most recently negative investor sentiment. This is on the back of investor fears of the spread of the covid delta variant impacting the global economic recovery. Additionally, Bitcoin has continued to fall as inflation has risen 5.4% versus 4.9% forecast despite it previously being seen as an inflation hedge due to it's limited supply.
Bitcoin Bearish confirmationA few days ago I said that bitcoin was undergoing a bearish confirmation, and the prediction was right. Longing BTC as of now is not a bad option for the long-term, however, do not be surprised to see BTC fall below 30k this week. Breaking back into the descending channel only confirmed my suspicion that BTC was being falsely pumped. 30k price retest incoming... If we fail, expect a visit to 19.8-20.5k range before the bull market returns.
Quarterbacking a few BTC moves The chart shows three potential moves I might make depending on which way BTC breaks. The chart uses a pitchfork and fib retracement. The 20, 50, and 200 EMAs are also shown as support and resistance.