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Bitcoin-short

Possible Head and Shoulders forming on BitcoinSo, after a good run from $31000 to $41500 in 7 days with multiple resistance breaks there could possibly be a Head & Shoulders pattern forming on Bitcoin as seen on multiple hourly time frames. As of writing this Bitcoin has been heavily rejected from $41330 after breaking through its previous resistance and I believe it will continue to go down after this for a while. I'm overall bullish on Bitcoin, but I don't think these massive swings are over with quite yet, something to think about.
BITSTAMP:BTCUSDShort
by ryan_fw
6
BTC you SHORT beast, sub 23,000k incoming. Nice, short and concise. 8 Weeks of bearish sentiment, now one thing to consider is a td 9 count will complete at the end of the week. So, factoring in TD Sequential, it'll be important to watch for a 4 count correction to the reverse, or whether it continues bearish sentiment and goes on to complete a 13 count to the downside. However, I play particular attention to a rejection of not only the 0.618 resistance level in this chart, but also how it co-occurs with a rejection of a MA cross-over right on the fib retracement at 0.618 level, which led into heavy downwards pressure. Moving averages, MACD, MFI indicate mid term bearish continuation. As what we expect from crypto trading such as whales dumping, exchanges going into server overload mode and tether printing, ANYTHING CAN HAPPEN. But the charts have spoke thus far, and it is irrefutable despite bias, the technicals and data of btc and the picture being painted does not in the slightest suggest a worthwhile long entry, unless swing trading, and in the the hope we go back up to test new resistance, and just get slammed backed down. Also, just to conclude on and close on a litte challenge. Open a btc/usdt chart, change to weekly/monthly. TA Done. Low lev, low contract for Future traders
Short
by UnknownUnicorn6513259
BTC short, potentially swingBTC bearish these days, I see its coming back towards the top of a range + trendline so i wanted to start shorting it with a partial position and will scale in further with another sell limit near the trendline itself. I have included a hedge order in the setup too as I see a potential break of 70 ma and a price level around 36,4xx and will aim to close hedge at the price of sell limit. With G7 talks ongoing though this setup could be derailed if they say something affecting crypto, but we'll see ;)
BITSTAMP:BTCUSDShort
by MDAminFx1422
BEARISH PULLBACK IS LIKLY (BREAKDOWN CONFIRMED) BTC ($33,888)Good afternoon traders, first of all please get this technical analysis to 30+ likes to unlock tomorrow's alpha post 👍 I'm in a very low leverage short position with a target of $33,888. Fibonacci 0.382 after breaking down from the pennant's support line (uptrend) Once my target is hit I'll wait for a reaction and then make another technical analysis and post it for everyone. Stay safe, avoid high leverage, and most importantly plan your trade and trade your plan 👍 Ever wonder why my posts have been bearish recently, maybe its because we're 50% down from ATH's and I'm trading the charts ignoring the noise of the space. I'm good at shorting and take advantage of my niche, and when the time comes I'll start longing with leverage once we've hit a macro bottom sometime during 2021.
BYBIT:BTCUSD.PShort
by YurloTrades
6
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