BTC/USDTThe top is closing in
Possible bearish butterfly pattern on the weekly we should retest sub 10k sometime this year.
9k is the new 3k
Short 30k-31k, save some incase of a short squeeze to 33k-34k
No leverage
Bitcoin-short
BITCOIN CRASH TODAY?? - Bearish setupHey there,
Please support this idea with your likes, follow me and
comment down below what you think.
Read the text on my chart for more information.
Bitcoin has heavy resistance around the 30k level and
eventhough I would normally not go short in a bull market,
I initiated a short position.
Risk to reward is just too good for shorting up here.
I WILL BUY THE DIP THOUGH!.
20k is final imo. Think we can bounce already in the 21-22k level!
Cheers,
Konrad
Is BITCOIN still able to climb above $30k this month???Looks like BTC is forming a diagonal top chart pattern.
With this pattern, 69% of the time, it is bearish! Becareful everyone!
Refer to the link below to learn about diagonal top chart pattern...
www.pinterest.com
I close long and open a short positions from 25750 BTC/USDTI close my #long and open a #short position.
I understand that you cannot trade against the trend, but there is confirmation before the price reversal.
Sale (#Short): 25750
Target: 25500-25275 -25020 -24880
Stop Loss: 26100
I understand that we have an uptrend, the price flies up without stopping, and that there is no need to enter against the trend, but for now, I have made a decision to fix all the profit on a long position, and open a short to catch the update on such levels that I designated as target.
BTC Heading Lower*** Disclaimer - I'm relatively new to TA ***
I've been seeing a head and shoulder play out. On top of this, there's an ascending wedge playing out within that formation. Stochastics showing a bearish cross. There's also a lot of bearish divergence in the RSI. I think we're going to hit support around the $20,000 psychological level before we bounce back up. This could be a good opportunity to short. What do you guys think?
UPDATE BTCUSD correction /change of trendThis update of my previous chart is more defined to make it clearer, also allows for the rise to the 24000 area, breaking above my Febuary prediction, please see previous charts link below to fully understand this idea.
could we see more downside for bitcoin this week (breakdown))-Yurlo
Been watching price action like a hawk today sorr y for not posting the volatility had me interested to figure out what was happening and why and what could be the next play. If we do breakdown my target is $22,444.
$22,444
444
Short plan BTCI'm entering shorts at the 78.6 fib. And around $24100.
take profit's are open. The goal is below $10000
target is 0.5 fibonacci ($23,265) short term bearish scalp-Yurlo
Please tap that like button for me, and leave a comment if you have any questions 👍🏼
My target is $23,265 USD for Bitcoin, enjoy the rest of your day.
BTC correction (daily)
1. Breakouts have two component: breakout candle(s) and confirmation candle(s); confirmation = the opposite of trend ---› correction
2. The acceleration shows a crazy psychology behind the scenes, thats why the correction follows the acceleration
3. RSI bearish divergence
The 50-61.8% zone of the break out wave is important, but I think the correction of ATH will convert the euphoria of ATH to panic, therefore I think the correction will bigger than the 50-61.8 zone. The weekly chart shows a normal breakout candle, the next week can be the confirmation.
*LTC=level tester candle
Short term bearish trade idea (buy the dip) $23,650 (bitcoin)-Yurlo - lease tap that like button for me 👍🏼
We've reached the previous local top (resistance) now yes things are very bullish however I'm looking for a slight pull back here going into the daily close before we continue to the upside this upcoming week.
Strap in.... volatility is here and likely to stay for some time considering we're in price discovery mode.
Will post attached updated with visuals upon daily close.
I open a new position and wait for an impulse BTC/USDTHello dear traders.
The price is above the level of 23850 - it will talk about the continuation of the upward trend, to the levels and targets of CME.
But
Today, I made a decision for myself to open a short position, a large short position, in order to update such values as - 22900-22500-22000-21500.
I expect a strong downward impulse.
I open a short
Sell 23610
Targets: 22900-22500-22000-21500
Stop loss 24100
I may be wrong, but I follow my trading, my system, my vision, and my risk and money management.
I do not trade futures, I do not trade with 10-100 leverage ... and I follow my trading system.
Yes, many may disagree, but for some reason I really want to open this position today.
May to be big profit come with us))))
I am not asking anyone to follow my choice. But if you decide, then trade using the system and observe risk management and money management.
Do not trade with a margin higher than x5.
Although I have good indicators in trading, I am also mistaken.
BITCOIN IS GOING TO 14k with yearly close.I did the calculations. The developing yearly Pivot for bitcoin is now 14.4k. even if we closed year at 22k. the pivot would still be down at 15k. Now I have circled the last 5 out of 6 years where bitcoin open away from its new yearly pivot. It can be seen that price was magnet pulled to the pivot. and usually early on as well. This is something that happens with every monthly weekly and daily close on most assets across all markets with closures ad untested pivots and it is baked into the very algos of the markets. I think It will be inevitable unless we pump up 10k high by yearly close. then maybe we could retrace to where we are now
BTC weekly pivot short swingcamarilla and CPR. first target is mid to upper 18k area. and if those three purple cpr levels get broken potentially fill the gap at low 18k. entry possibly from here or a flash run to 19.7/19.8 first.
short scalp setup for btc with tight stoplogic is the coming weekly pivot gets tested as it always does. the chart is currently showing daily levels. Loss of H3 would confirm entry more safely as the price could still work itself higher before weekly retrace as the day isn't over and the next pivots are not YET confirmed. however, TD9 sell setup on the 4 hours is completing... so it is a reasonable place to think it happens from. H4 would generally be the stop area
9.12.2020 - Bitcoin (BTC / USD)Hi Traders!
After a long time, we will look at the analysis of Bitcoin. But first, let's describe the current situation. After the last growth, we are still quite high - around ATH. Overall, however, we have not been able to long-term break ATH or the magic USD 20,000 limit, and we do not think that will succeed in the near future. On the contrary.
The graph shows two basic scenarios that we are currently monitoring:
1. TRIANGLE
The first possibility is that we are forming a triangle. This formation would mean that the market would no longer fall and we would not get a chance to buy "cheaper". On the other hand, it would be a strong bullish signal that we will attack the maximum values again after the completion of the triangle. In the long run, it would also be very positive, because we would create a structure between the values of USD 17,000 and 20,000. In 2017, we were already at these values, but it was only for a few hours. Only now we are starting to create historical volumes there. It is these volumes that will help us in the future as a support.
2. ABC CORRECTION
In the second case, we would fall to USD 16,115 - 16,470. This would be an ABC correction with a conservative target. We are not talking about other targets yet, as we have not yet concluded what the pattern will be.
CONCLUSION
We currently expect to drop to USD 16,800 in a few days, and it will be decided there whether we can maintain this trendline or not.
May the crypto be with you!
Bitcoin South Bound Scalp, 3% Potential MinimumIt looks like we might dip down out of the triangle break out for a measured move of 7.5 %, I am late to post, but we have 3% remaining in the trade. With leverage a person could have a reasonable trade setup. This is not financial advice.
