Bitcoin-short
BTCUSDT 4H | Bitcoin market overview: Double topHello, dear subscribers!
In the previous review, we considered growth as the main option of bitcoin price movement.
Since then, the bitcoin price has added about $4,000 at the peak, almost reaching its all-time high of $58,382.This formed one of the common reversal price patterns, a double top.
According to the MACD and RSI indicators, we see a decrease in the strength of the rising trend. This at least indicates a price correction.
OBV indicator showed its absolute maximum - 2.2M. The main support levels are 2.15M and 2.1M. Closure of the indicator below these levels will indicate the formation of a bearish trend.
The current support levels are $52,000 and $48,000. The current price is $56,000, which is much higher than the levels. These levels will be the current targets for the bears. Buyers should watch them closely.
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Gimminy Crickets!?Have any of you ever wished upon a star? LOL
Held this thing for a while now. I don't care... Feel free to "Edumacated" me LOL " Oh, well you just do get it!" Story, story, narrative, talk, talk, BLAH... Umm Ok yeah whatever I am still selling. What's next? Would you want to talk to me about Embercoin and oooh how about Dragonchain !? 3...2...1... Gainz LOL
What are your thoughts? Is it bad that people like to realize gains say "Cool! More Dollars now!"
-No advice to give just thoughts that I can't shake after the last 6 years in the world of "CRYPTO"
""KEEP CALM AND MANAGE THY RISK!""
BTC/USDT (4H) ShortTerm correction of Higher Degree Hi Traders,
As you can see, we finished 5 step impulsive wave from around 4K to 58K. Right now correction is highly apreciated :D
Wave A looks like it´s going to be a ZIGZAG. A:3 = 1:1 but dont take it as dogma.
Strongest support is around 37-33K where (wave 4) Where could be great BUY zone. So breath deep, relax and enjoy the ride. My buy indicator will be based on Elliot wave count of Wave 3 (5 subwaves) + Konvergence of RSI on 6H or 8H RSI.
Trade safe
Bitcoin over US dollar potential breakoutHello traders, hope you are all doing well
In my opinion I believe there will be a breakout. Needless to say even though if bitcoin does not go short (which I highly doubt within the timeframe) I believe that a breakout will occur from the the yellow large resistance line in the graph as shown. If predicted so, a high upwards trend will likely occur and will go upwards of 50000.00. Also following up from the RSI, maybe not in the timeframe shown but maybe the 1 hour period, it shows a potential upwards trend to take place and then predicted to go down.
Again this is just my opinion and everyone has their own. However I do believe this will be the case and would love to get your opinions and ideas in the comments.
Thanks!
while all people like to think bullish, Big Short will happenhi.
we all ( even a 1-year old baby) know that we are in Bull market, for bitcoin as the big Leader and all altcoins..
but , who knows when the drop will start and what is the maximum ATH?
can you control your mind only for an hour and think for possible big drop in bitcoin and price never ever hit its ATH ( ~ 56700 usd) again that happened already!?
all indicators follow the channels , fibo and mostly moving average in different time frames,. but know one even the best TAs can't predict future,
just ask your self why should Elon musk keep his bitcoin while he already made x2 profit , ( even over the profit of his company Tesla over a year) ?? you think Elon think about small traders/investors profit ? they just try to make money for their real-world projects.. nothing more.
so :
1-dont think that this market can keep going up for ever, ( while alot of indicators show us overbought which is strong bearish signal)
2-save your profit, and just let a little portion of your coins stay for future taking profit.
3-be sure that market will give you chance to enter at a price that for sure will be better than ATH prices .
what do you think? feel free to share with me your thinking
BTC Not Realistic Scalp I dont think it's a bear market yet but ı need to make money so when the channel breaks im going to short it.
Also the channe is not really confirmed since there are some ugly candles and wicks that not fits perfect.
"If it not fits, lube it" a wise man said.
So im going to lube it with a tight stop loss.
Thanks for watching.
Lets lose money
BITCOIN - time for a market correction!BITCOIN has lost the key support of 51k with this massive sell of!!! waiting to see some correction before looking at short entries ! key support now lies at 43k and 41k !! we need them to hold so we dont see even more selling pressure.
DO NOT PANIC SELL your investments!!! a correction is well overdue and perfectly normal HODL