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Bitcoin-short

BTC: Breakout of symmetrical triangle As indicated before in my previous analysis(see links), Bitcoin needed to break out and close lower than 35555 for a continuation to the downside. As expected, Bitcoin has just broke out the symmetrical triangle on the 4 hour chart. and I expect it to continue down to the next target around 28000. You can rest assure that bitcoin is not going up for the moment, if you are short, you stop should be around 36000 and target 32000. Good luck to you all!
BITFINEX:BTCUSDShort
by Mamou-Q
8
BTC - Going down again?Market is unstable again. After the price drop that happened last night, we might see more coming. There are 2 strong resistance areas on the way up and the price doesn't look that its's going anywhere up. There are 4 main support areas that might keep the price up but if this is another correction then the price is going to pass them one by one. So be careful with BTC right now, because it already crossed the lower line of the regression channel. Current Market Price: $36000 Good Luck Tell me your ideas. Like and Share
by ShawnMCR
#BITCOIN A strong landing is coming welcome everybody The price is following our expectation. The bottom line of the triangle has been touched, and this confirms the negative flag pattern A strong drop is expected at the end of wave E, so you should be careful Positive: above the price of 43,000 If the price of 43,000 is breached, an update will be placed on the chart Do not forget to support the idea by clicking on the like button and sharing your opinion in the comment box Good luck
Short
by SALAH-LH
33
Bitcoin Incoming sub $30kBitcoin definitely looks like it wants to try and test the lower levels. Sub $30k is an increasing possibility in my mind, continues to lose levels with no real buying pressure regardless of any articles that may have you believe otherwise. I believe the bull market has come to an abrupt end but not all is bad, I do not believe we will see a multi-year bear market like the previous ones, 6-12 months would be my guess but I do think alts are going to get truly f***ed as bitcoin regains market dominance, shakeout the normies before heading up to new highs and ultimately a 6 figure bitcoin. These are my current thoughts. Good luck!
Short
by WaxMan13
2
BTCUSDT The Dirty Technical Analysis 6/1/2021 (CLEANED A BIT) BTCUSDT / BTC USDT Bitcoin US tether. #BITCOIN #USDT #BITBAY HOW I WILL FARM THIS MARKET GAINIING TOTAL OF 500% from alts / bitcoin / alts to Fiat USDT. (strong week for alts - but bearish for long term(monthly)) Pink rectangle should be the Sell area, Green rectangle should be my buy area. *Tips to myself is I will never fomo in to an alt that has huge gain already if I miss the btc flight... if I hold something; I will sell it all (or 50%) on the reds then continue to buy it back at the greens and time to accumulate more. never chase rather be patient. Be patient enough; That's the secret of the rich taking more profits from the impatient ones. Trade this with me... the reason why I did this is because not that I have the crystal ball with me. nor part of the whales; anytime, whales can always decide to FUD and crush the market if they have big institutions coming in. If HNS (blue) is a success expect that dip to 22K then people from huge co. or industries and retailers will buy their coins, and those who sell from 62k will buy more from 33k and waiting for 22k possibilities. from there i can say that we will be able to send greens that will break the sky and fly to the moon. possibilities: 110K from 22K BTC = expect ALTS with strong projects such as $ZIL $MATIC $XVG $VET $DOT $LUNA $ICP $TRIAS $HORD $KSM $EGLD $ADA $MATIC $XLM $XRP Psychanalysis: I always remember myself, when people fail to sell top. they hit the 7% decrease they will be afraid to sell still... afraid of "it may go up" Stop right there myself (I am talking to myself), always do the ABC break/retest whether we are coming up or coming down. Never ever fell in love with the coins when we are in a choppy momentum. Never deny that we are in the bear market (not season) because from there that the time you will lose many of your savings and profits that you could actually have pulled up long time ago. Trade the charting Trade the TA... Block all the noise. Stick to those who really know the process. BITBAY:BTCUSDT
Short
by PuyatanHoldings
Inverted cup & handle with a bearish pennantHello fellow trader As one may see in the chart, two patterns were formed by the price. The first light blue marked is an rather choppy inverted cup and handle formation. I have outlined the target calculation of the pattern in the center of it. The time frame is a valid one, c&h structures need at least several weeks to be taken into consideration. Also that it occurs within a yearly low implies further validity. The second much more obvious, is a bearish pennant. Its calculus is outlined on the right side. Both targets intersect at around 10k. If we look at the past there are little structures which might act as support within the projected range. This could imply that we don't achieve the target, either positively or negatively. Volume & Stoch RSI tells us we could expect a decline within the coming days. If the price breaks upwards, over the mark of the max(c&h) and closes there within the daily time frame, this thesis has been invalidated (It might form a bearish flag, so the drop wont be off the table, depending on the price action). Trade safe. Nik
COINBASE:BTCUSDShort
by UnknownUnicorn1539772
2
Parabolic Market Structure BROKEN ($20,000 HAS to hold) BTCHello all traders & investors of the crypto currency world, I hope you're all doing incredibly well. First off, I'm sorry for not posting over the last several months as I've been focused on my own personal trading and had to stay in my own universe while figuring out a long term trading strategy. Second off, please avoid leverage any higher than 2x. The gains may look VERY satisfying but in reality it creates a degenerate mindset and leads to oversizing the account as greed gets higher and higher in terms of your own personal psychological experiences. If you want to end up buying a lambo, or a massive house one day, or anything you want just get away from leverage. Why am i saying this? Here's a short story, ever since December 2020 I've been able to 4-7x a trading account usually within a week. As this happened and the greed started taking over, I'd increase leverage after a massive move one direction and end up losing 99.9% of the account due to over leverage which allowed me to use size that ultimately lead to blowing the accounts up one way or anther. How long did that last? December 2020 - May 2021 (6 months) I went 6 months doing this over and over before finally realizing the next stage of my learning curve was risk management. You can be the most skilled technical analysis nerd in the entire space and be an AWFUL trader if you can't manage to keep your winnings after going on a 5-25 winning streak and letting ONE single trade take away ALL your hard work due to a few simple errors: 1) Over-leverage, I suggest using 1-2x if you're serious about being a long term trader and making millions one day. 2) Over-sizing, as you grow accounts the goal should be to maintain the same risk based on your account size, not increase it. So 2x leverage in my opinion will be the highest leverage used for the rest of my career as a trader. 3) Both of the previous things listed results in GREED, which causes EMOTIONAL trading, which causes your TRADING RULES to be nonexistent because you're so focused on making as much money in a short period of time due to the over leverage (this makes you think you can get rich with less money, when really this results in a liquidation email in the VERY near future. I started trading just after the March 2020 crash, and have just finished my first year as a trader. My second and third year will be about small wins, 2x leverage max, and trading logically and sticking to the game plan. BITCOIN TALK: Is the bull run over? NO, as long as $20,000 holds (quick dips below don't count) then in my eyes this bull run isn't over and this current macro pattern could be one massive pennant and break to the upside. OR it breaks and we have officially entered a bear market. $30,000 holding would result in at least $50,000-$55,000 being retested for the possible 3rd validation point on the downtrend (we currently have 2) and a 3rd would make the trend stronger and likely result in a macro sell-off, BUT if it breaks to the upside then we head to $82,000-$100,000+ over the next 12 months. The last bull run was 2017-2018 and the halving was in 2016. IF things played out to be similar to the last one we're only one year into the cycle and still have around 9-12 months before we top out and likely see a blow off top $100,000+. Bottom line is this my friend, above $20,000 is a bull market and below is a confirmed bear market. Why? It's the 2017-2018 ATH which means it's now the macro support or s/r (support/resistance) zone.
FTX:BTCUSDShort
by YurloTrades
6