Bitcoin-short
BITCOIN: Could be in dire straitsHave a look. I show on the chart why I think Bitcoin could be in trouble.
South seems more probable on this time frame only.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. If you make decisions based on opinion expressed here and you lose your money, kindly sue yourself.
Bitcoin Possible short position Hi
Here are my reasons to short in this situation:
Bitcoin is in a downtrend right now and as you can see lower highs and lower lows
There is a considerable risk to reward ratio here.
The trend is below both 8 and 14 EMAs
Fibonacci levels show us clearly that the trend couldn't pass through 0.618
Besides that, look at the beautiful pink trendline.
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btc longterm analysis weekly with IchimokuFurther analysis of monthly chart. We saw that at the start of the month the prices broke the bullish Gann fan trendline (red circle).
The prices are below the cloud which means that we are more bearish but we await a confirmation of the Ichimoku lagging span which has already made a first contact with the gann fan bullish trendline (pink circle) .
After this first contact we see the price and the lagging span which are recovering in buying force, which is a rather natural reaction with Ichimoku^^
But, the cloud twist (green circle) tells us that there is a high probability that the price move inside a big range.
Feeling reinforced by the last two weekly candles (blue circle) (see the closing in a few hours) which make a big wick on the tenkan and the kijun aligned.
in this case we will see the lagging span confirm and come out of the cloud so that the prices head towards the bottom of the range (around $3500)
Bitcoin seems be going downhillThe chart is pretty much self explanatory. I think the correction has come to its terminus and I expect a decline from here. 50% Fibonacci retracement and strong resistances put weight behind my views.
If I go short, I shall do so upon break of orange trendline.
Further validation coming from RSI and MACD divergence.
What do you think?
This would be a short after the rejection of the 6.8kThe bullish momentum has disappeared a bit, the rejection of the price in the area of 6.8k-6.9k.
The breakdown of the ascending channel, and the formation of a bearish pennant, suggests to me a bearish continuation.
Return 6.6k we'll probably go higher.
Downside Risk To $3800/$3700 in the next 24 hours . uncertainty price in the bitcoin price,
write your price for bitcoin 24 hours from now
write your price for bitcoin 24 hours from now
write your price for bitcoin 24 hours from now
write your price for bitcoin 24 hours from now
write your price for bitcoin 24 hours from now
write your price for bitcoin 24 hours from now
write your price for bitcoin 24 hours from now
write your price for bitcoin 24 hours from now
write your price for bitcoin 24 hours from now
The Second Great DepressionThe world is shutting down. People aren't able to make money. Companies can't make money. The fed is lending as much as it can and giving banks the power to print cash with no reserves limit. Loans will begin to default. Inflation will run rampant, yet people will want what little cash they still have. Fear will rule. The global system will collapse without a significant change sometime soon. Pray for a cure.
channel broken? Down or Up?if BTC can breaked yellow channel, we see jump to 6277 zone
because In that case, it will break the bearish 2 day channel
but if BTC can't The above mode and breaked green channel to 4 hours, we see dump to 4556 zone
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hamvatanan azizam, age channel zard beshkane, mirim bala va baraye hadafe 6277 ke ehtemalan kheili sharp berim bala.
ama ag channel sabz beshkane mojadad mirim to channel nozuli ta 4556
Good luck.