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Bitcoin-short

Supply and demand (htf short squeeze, ltf retest probable) BTC Good morning traders, My apologies for not posting any technical analysis over the past few days. I've been feeling a bit off and thought taking some time away from the charts and tradingview will clear my mind. In my previous post I did state that if we broke $33,777 we'd likely go for a rally to the upside which appears we have broken above the falling wedge, or descending triangle (however your mind see's the market), however funding is still high and paying shorts right now, plus we're at resistance and I'm sure some big traders are now taking profits on their previous long position and looking for a short term pull back. Once we lose $37,000 and flip it back into resistance (supply area), it's likely we head back to the (demand area) which would also bring us relatively close (or spot on) to where we broke out from the descending triangle, and either be a good buying opportunity, or sell pressure continues and this would yet be another fake out before heading back to lower support levels. Plus with the microstrategy bitcoin press conference today, I'm sure these big institutions with billions of dollars aren't going to just buy in at $37,000, they would be looking for a pull back like any good trader or investor would be instead of buying resistance. I'm sure FUD will be spread across the market so they can achieve the entries they desire. (Get this technical analysis to 30+ likes if you want more posts from me in the future) 👍
BITSTAMP:BTCUSDShort
by YurloTrades
30
btc short ideathis is a high risk idea in this wild environment. But its a planned trade and I'll stick to the plan. A long term trade but I'll take as a swap contract because the future premiums are unmanagable atm. I've placed my asks on red box. Stop is daily close. the first green box is the first trouble area, expect a minor swing there. The only area I'm in doubt is marked with question mark, we'll see. And the last green box is the target. This is not an investment advice, beware that markets are wildly volatile, so please manage your risk accordingly!
Short
by priceactionTR1
3
Short to mid term BTC playLooking at the I have a fib extension from the top of the 2017 ATH (20K) and if you look it has played these Fib extension levels like a champ! Currently I am seeing lower highs and lower lowers forming from its prior 42K top I could see BTC pump up to the 35K range and ideally get rejected form the downward trend line which might be a good potential for a short term short. Target downward to the 1.38 fib or 27,500. If BTC breaks above and holds above the 35K area then the trend pattern has changed. If BTC post a HIGHER LOW IE 29K or higher then the pattern has changes. This could be the range of sideways trading that we have been waiting for for the first alt season to take place till is coils to the end of the triangle. Lets see what happens and best of luck!
KRAKEN:BTCUSDShort
by BlockchainBreakdown
1
Never trade with your beliefs, against the market ...BTC/USDTGood day, dear friends. My open short position is failing because I entered it only because I expected it, and now, because of my persistence, I will suffer a loss because I gave a bad position because of my persistence ... Never, never trade like this. I saw a strong level, I saw a flat zone ... And I also know that the bisector of an expanding triangle in an uptrend, if it breaks out, the price always goes out of its range. And also, we have an upward range with a support zone. Also, there is a hammer + volume candlestick - which indicates a trend change (price direction) Also indicators MACD and RSI. Everything pointed to a trend reversal, but I - ... I will not swear here, now I have a loss, and I am ashamed to admit that I was mistaken for so many positions and for the first time - i have a loss (big loss) ... I made a mistake because i gave the wrong recommendation .. if it succeeds (judging by the inverted hammer), the price should return - and I will be able to close this position at breakeven. If not, I will suffer a 1.2% loss of my crypto portfolio. So, I ask each of you - do not trade on your beliefs and your visions. Only the graph, only the volume, and only the correct analysis. Don't repeat my mistake.
by UnknownUnicorn13204076
4