Bitcoin-short
Bitcoin Short-Term Fair WarningWe have broken the pennant structure forming in bitcoin so i plotted some hypothetical scenarios. $31-30K is first line of defense (white dotted line), next is the 50 day moving average (pink thin line) around $29-27K, finally, the last line of defense is the 20 week moving average (thick green line) around $22-23K.
Bitcoin risky short setupHello crypto community!
Check out my risky short setup
39230 entry
40000 SL
36000 TP
What's your opinion ?
Bitcoin possible bearish scenario to November closing price If this head and shoulder pattern get formed, we may see a drop to 20K in the worst case. But possibly it will get supported by 22k-24k support region and then November closing price at ~19700.
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.
Closed scalp long, opening a short and waiting (patience)-Yurlo
Took a few scalps there, but now I'll be more patient on this short.
I hope you guys got some scalps there, i try to post as fast as possible but sometimes its hard with the volatility because its insane.
Waiting for this ascending triangle to break now.
#BITCOIN Correction is comingThe price is close to touching the ceiling of the channel we identified in the previous idea, so be careful
We expect the price to decline from 32K$ and 33k$ levels to 21k$ as a correction of the wave, and then continue rising
What is the advice:
It is best to exit the trade when the price touches the ceiling of the channel, then wait for what happens next week
Bitcoin on dangerously high levelsJust like back in 2018 after a meteoric rise, the RSI and MACD are on dangerously high levels indicating a selling point.
BTCUSD - RSI - Big Correction Please have a look at my RSI Indicator below
The RSI on daily...
See how things are coming together...
Im not sure if other people view indicators this way
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 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.
