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Bitcoin-short

Bitcoin is bearish below 9400So here you can see in the last 550 days of Bitcoin on a 4hr chart the significance of the 350 and 700 MA and the times those lines acted as support and resistance. A total of 13 times and usually when that happened it was followed by a move of a minimum of 15%. As of the way it stands right now we just went below the 350 MA and confirmed it as resistance. It presents a very good risk management level of 9400. If we break above it it would confirm it as a trap and we could skyrocket from there, but as it stands I believe the likeyhood of a facemelting (as Eric Krown would say) move to the downside has higher chances to happen. Typically we hang out for a while in that area after its broken, so it could take a week before BTC shows its next hand, but soon there will be some drama! If we do start dropping there will be a rally most likely around the 8200 level, but I do not expect it to hold.
BITSTAMP:BTCUSDShort
by Crypto_Burger
1
📉 Bitcoin Heading Down? 👎 How far? Hey guys - After what seems like an eternity trading sideways (with a few minor swings up and down), at last, we think there may some news, good news if you're a trader too! Possibly not so good if you're Hodling! Looks like BTC may be heading down in the near future. We've been following a strong line of support all the way up from the lows at $4000 back in March, now our ascending triangle is nearing "pinch" point, so we should be trading in the same direction as the breakout, and we have broken out, it's downward. This may be a classic "fakeout", in which case the price can expected to rise, but as we all know you should never try to catch a falling knife! Our Crypto Tipster Strategy is showing a Short on BTC daily chart, and after getting chopped out of a few trades recently (which is unlike our Tipster!) it's now time to catch a big swing! As you can see from previous support and resistance levels there's quite a large area that could get filled sometime soon! Possible lows ranging from $8700 all the way down to $6500! This is a huuuge movement from where we currently are, there's been cries of "above $10k" for some time now, if that's the general sentiment it's clear the majority of traders would be Long right now - remember the most important rule of trading? Do what others don't do! We're Short, and think you should be too! Time will of course tell :) theCrypster
KRAKEN:BTCUSDShort
by theCrypster
3
BITCOIN === WHATS GOING ON?? definitely thinking down a bit here... where too is the question. 2 levels i think... first i think it might plow down through it at, around 9k. although it already took a fairly nice bounce lower, the indis i have for the strat are definitely starting to show some signs of bearish moves coming second is back down to around 8-8.2k, which, i personally see as being a bit more realistic... either way, we have broken that trend line on the daily... unless we see a SIGNIFICANT bounce on there tonight up and back inside the trend, i am defo bearish for the near future tell me your thoughts guys :) if you think different i wanna know :D
Short
by Underdog-Trading
2
BTC DISTIRIBUTION PHASE ENDING - BEARISH CONTINUATIONHello everyone! It's been a long time since I posted my last chart and I'm back. Nothing changes in macro perspective. BTC didn't make higher high on a Weekly TF and agressively sold of from higher 10k region couple times. I chose inverted chart as it gives us better view. We have textbook accumulation pattern here. I'm looking to take a swing short on today's daily close with Take Profit - @ $8200-7900 range . Have a blessed day everyone!
BYBIT:BTCUSD.PShort
by Patrikas10
1
Short postion for long time of BitcoinHello, guys, in Daily timeframe, I believe that Bitcoin want to soon to drop of the price in Daily, there are 4 reason why put hort position in long at the price of $9700 USD, so, in my case from yesterday my short position is $9,686 USD. So, in the Daily, we have a bearish divergence in the RSI, and the price action has advising us a possible drop of the price until the zone of $8,200 USD. So, wow, this is an great opportunity to put in short for lojnger from $9,750 -$9,650 USD until the $8,200 USD. And the target profit is $8,200 USD approximately, but always and when the Bitcoin show us a bearish candlestick, chart pattern validated and use the bearish price action to following in short. Now, Macd also doesn't have force to continue up, expecially the fourth rejection of the zone of $10,300 USD, this is a liquidation of long, so my trades, i believe that it's a movement what Bitcoin want to change the trend, especially in Daily timeframe, we have in the bearish rising wedge, and so this mark in blue, this is a possible proyection of waht Bitcoin do in the next days. Well, also, I find up that Bitcoin is the zone of Distributtion, because if you see this indicator Acumulation. Distribution, we see that the force to continue up is ending. So, look below in the H4 timeframe
COINBASE:BTCUSDShort
by harisonhbn9718
BTC: does not look good ! .. Once Again 2020-02-21 No one will forget that date when btc drop from 10k level to below 4k 3 months ago in a matter of couple weeks We still have the same view for btc and its still correcting on long term although btc recovering and touching 10k level once again but same reasons on chart and indicators does match the previous situation .. Its time to be careful My advise is to watch closely this deadly hidden bearish divergence that could play out on daily chart the first sign will be the break down of the uprising channel support.
BITSTAMP:BTCUSDShort
by Jocoin
11
BITCOIN short - TrendLine break and retest - Supply Demand - h4Hello Traders! Nice Setup possibility on Bitcoin. We can see a nice Up Trend on Bitcoin. But price did not formed a new Higher High and Price also broke the Trend Line. Now we are currently retesting the Trend Line. At the same price we have a Supply Zone which is an additional confirmation. Structure: The overall structure of Bitcoin is in a Triangle Pattern. I made some analysis in the past. Check them out in the links down below. We are also currently at a weekly Supply level. The weekly price action showed us indecision phase. This could lead to shifting momentum which would let Bitcoin drop. This is will not be a big drop. It will just be a correction of the up move. Afterwards I expect a bigger push to the upside. Confirmation: #1 Trend Line break #2 Trend Line retest #3 Supply Zone #4 weekly Supply Zone #5 Market Structure That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions. Thank you and we will see next time - Darius.
BITMEX:BTCUSD.PShort
by DariusFxTrading
Beyond of my technical analysis for Bitcoin "Short"Hello guys, in my second day of my technical analysis of Bitcoin, I see that the price action is leading us in a possible correction of a capitulation of miners. So, this is bad news when has 2 weeks ago was the halving. So, this is a theory fundamental. But I take this as practice for me. Now, I see that elliot wave is leading me and we are in formation in the elliot wave #3, that a possible stop price will be $7,600 USD aprox. Now, if we see, later of the elliot wave #3, we can to confirm what we are on there. And H1 timeframe, we have a possibility to entry in a short position, why? Because price action doesn't have force to continue it and I see that candlestick that we have. Also, I hope that Bitcoin touch my sell order limit at $8,900 USD and put a target profit at $8,700 USD to win a 2.50% of the movement down investing 0.02 lots of BTC.
COINBASE:BTCUSDShort
by harisonhbn9718
BTCUSD Analyse JournalièreLa Tendance Hebdomadaaire se trouve actuellement en situation de retournement face à la résistance à 10 000$. - Un scénario baissier serait envisageable en direction de 8000$ puis un retournement de la tendance Hebdomadaire entraînera la tendance vers 7000$ - Un scénario haussier est probable si nous réussissons à franchir la résistance à 10 000$. L'hébdodmaire pourrait dans ce cas ralentir en compression entre 8000$ et 10000$ pour ensuite repartir à la hausse et entrée dans une tendance haussière long terme. - Scénario Neutre, nous ne franchissons pas 8000$ à la baisse et la tendance journalière repart à la hausse en direction de 10 000$ Tendance Journalière : elle est actuellement en baisse depuis la cassure de 9400 (visible en H4 pour plus de détail). - Une continuation de la baisse vers 8000$ entraînera soit un rebond vers 10 000$ et un début de Tendance HEbdomdaire neutre ou une cassure par le bas engendrera un retournement baissier Hebdomdaire suivant ensuite le scénario Hebdo. Plan d'action : A l'achat nous ne ferons rien pour l'instant car l'avantage statistique sur la tendance hebdomdaire est trop faible si nous n'avons pas suivi la hausse depuis en bas. Nous attendrons un scénario de compression suivi d'une reprise à l'achat. A la vente un short était envisageable en stratégie de correction contre le tendance Hebdo. La courbe d'E(x) pour la stratégie de correction était à son plus haut pour ce genre d'ooprtunité. - Vente en setup H4 anticipé à 9439$ en cclôture H4 ; Annulation de la position à 650 Points Objectif Théorique 1250 points Ratio Théorique : 1.9 ; Sortie 1/3 à 8972$, Par la suite 1/3 en fin de tendance H4 et 1/3 en fin de tendance D1
BITFINEX:BTCUSDShort
by cryptos-debank
Bitcoin might retrace above 9000 before the next dumpHello all, In my last posts I mentioned that BTC could go to 10.000 and above after the breakout from a triangle. Also, I mentioned that at those high prices it is not a good idea to buy because the price has gone too far already. I did not expect such a strong dump though. My stop-loss was triggered at 9100 and my entire position that I entered at around 7200 was closed. Let's look where to look for the next trading opportunity. After almost two months of a strong bullish momentum, it seems that the rising trend has come to an end.... for now. Was the massive red candle a confirmation for a sell? I would say yes and no. If you are a risky trader then you can consider selling at these prices as price can continue falling without any pullback. However, this is not my strategy because the risk-reward is not very good for me. I am looking for a retracement back to 9200 and only after that (if it happens) I will sell with stop-loss around 10.000 and targets around 6.800 and below. Thus, it gives me a risk-reward ratio of 4:1 and above. So, if you are patient enough, just wait for a consolidation above 9000 and look for a bearish confirmation before selling. Next buying area for me is 6200-6400 (maybe in mid June). Why? First of all, this is a 0.618 fib level from 4.000 to 10.000 and it sounds logical for the price to touch it before another bullish run. Second, and probably more tricky one, I am sure a lot of traders will consider the drop below 6.600 as the confirmation of bearish trend. Here we actually want to buy. ============================= GENERAL RULES TO KEEP YOUR ACCOUNT SAFE: 1. Do not risk more than 2% of your account per trade 2. Look for a Risk-Reward Ratio of at least 2:1 3. Always use stop-loss 4. Do not FOMO 5. Remember: Patience is the key! THIS IS NOT A FINANCIAL ADVICE so, please do not follow it if you are in doubt. DYOR!
BITSTAMP:BTCUSD
by myka