Bitcoin-short
IS A BITCOIN SELLER MYSTERY SELLER SITS AT AT 50K STREET?Hey guys,
This won't be long. If you are watching the price action in BTC since last week, we are basically creating a bearish wedge and divergence in RSI since last Monday. Whenever the price gets close to the 50k, it is like there is this mystery force not letting us go beyond it. This can imply that there is a big whale selling at the 50k. This whale should be really REALLY huge to hold the price down for so long in such a big market cap in crypto. I don't know how much ammo this guy still has and I am curious how much ammo bulls left with either. We might break down to 42k very soon. W a t c h O u t !
Bitcoin to 60kIt seems like the divergence forming up for a while both on daily and 4h charts will be respected and will cause a correction and an accumulation before BTC goes to 60k. Might be a good chance to load it up and get ready to roll!
This is not investment or trading advice but purely a personal opinion.
BITCOIN will fall to supportIn early February, there was a strong growth spurt.
The price touched the resistance 48345.2.
Dropped to support 44165.7.
And these two lines formed a growing channel.
During the rally in the channel, the price came to its upper line.
Now the price is at the resistance 49856.3.
The other day she began to fall from this line.
I expect the price to move down to the lower channel line - support.
Target - 45548.1
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Bitcoin CME futures chart (dates & levels) BTC (Q1 2021)Good morning traders,
As we're going into the weekend I wanted to make a quick post regarding the Bitcoin CME future's chart, dates, and certain key levels within that for Q1 2021.
IF, I was trading based off the future's CME bitcoin chart I'd look for a short term pull back, however this probably won't happen because bitcoin has been crazy lately but that's what the charts say.
"The markets can remain irrational longer than the trader can remain solvent"
These levels are significant levels and as you can tell certain gaps are filled, and most aren't.
I'll post updates to this chart at the end of the weekend and as weeks come.
Please get this technical analysis to +30 likes to unlock Monday's post! 👍
BITCOIN will return to supportLast December, Bitcoin touched support at 17876.4.
After this, its assessment develops in stages.
Growth first.
Then stop at the support zone (at that time - resistance) 40254.6 and return to support.
After that - new growth.
After the price bounced off the support 32964.7, it broke through the support area.
Then it rose to the resistance zone.
The price touched the zone 47883.5 twice.
Now I expect her to start falling.
This will complete the second phase of the price movement.
It will return to the support line again (Dec 2020).
Target - 40169.8
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Key Levels on bitcoin:-Bitcoin is on oversold Zone:-
Some correction is expected on day chart:-
Short only bitcoin if bearish confirmation candle forms:-
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.
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Bitcoin Short - between levels. - Engulfing CandleHello all
DuncanForex here with no advertising about anything so the post will stay active.
BitCoin does move quickly, however with the engulfing hourly candle at resistance, I expect this to become a double top and I'm shorting it down to the next Support level.
Stay safe and safe trading
Duncan
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!
BTC short. Target 20-22k the weekly breakout targets. the untested yearly pivot cpr. the 200 H12 ema. .... its a bunch of stuff. I have had this destination in mind the entire time. since 40k been drawing paths here because of more complex reasons and historical behavior with pivots. anyway good luck