Bitcoin-short
The REAL Bottom is still coming!!
Bitcoin never made a true bottom from this perspective. It has completed a .618 retracement of the last swing high that lined up with a 4.23 extension off the swing low and now has show rejection of that area. If this continues, expect to see Bitcoin start to test lower fib supports and make its way back toward the previous lows. If the retracement lineup is to be believed, there is a strong potential for a bottom around 2500-2600 USD. This could happen leading up to the halvening or around that time, but for now this is a big picture projection likely to take weeks to play out.
This is just an initial post, but I will add more evidence to it!
Bitcoin - Still Short Downside Potential We still see Bitcoin moving lower towards support at around $8500 and are encouraged that the cryptocurrency hasn't risen on the back of the sell off in equities as it can be seen as some form of safe haven. Therefore we will hold our short view as the market develops and will not go long until Bitcoin has consolidated above the $10,000 psychological level.
Bitcoin (9500-8800) (Downtrend)COINBASE:BTCUSD COINBASE:BTCUSD BITPANDAGE:BTCUSDT DERIBIT:BTCPERP BITPANDAGE:BTCEUR BITPANDAGE:BTCUSDT BITBAY:BTCPLN DERIBIT:BTCPERP BINANCE:BTCUSDT GEMINI:BTCUSD BITPANDAGE:XRPBTC BITFINEX:BTCUSD
Btc just broke the uptrend , there will be a more down below 9400 its possible we see 9000-8800 in next few days !
9800 is a perfect time to open a sell position and gain some profit !
Stop loss is around : 10000
share your opinions , thanks
Bitcoin - Short - Consolidated Below Key Psychological LevelWe see Bitcoin moving lower after it consolidated below the key psychological $10000 level despite our view that there is significant long term upside potential. However, whilst Bitcoin is below $10,000 we see it dropping back towards support at $8,500 but it could rebound if equities continue pulling back as the cryptocurrency is seen as some form of safe haven.
LOCAL SHORT IN AN UPWARD CHANNEL Best Chicken kebab in town today just for you guys and as always with best technical analysis out there
BTC being in a local beautiful symmetric upward channel structure is set to reach the support level, so it is pretty comfortable to consider shorting it now, with a narrow stop and several take profits along the way to the support line.
Get yourself a good kebab on me and enjoy the short opportunity I gave you.
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Bitcoin Short Opportunity!!These Lines are by my new updated script.
Long after passing red,green and white lines and close when it closes down the three lines ( 2 green lines are considered 1 line)
Short when it closes down the three lines and Target would be the next red line then reopen short if it failed two pass white and 2 green lines and Target would be red line again until it breaks the three lines upward then Long.
PM me to purchase it. No trials for this script because it is considered highly profitable and history of the chart tells best so no doubt that it is not working.
Bitcoin - The Entry for the next big Rally (Structure, S&D, ...)Hello Traders !
Today we will have a look at Bitcoin!
Confirmation:
1) Double Top Formation
2) Structure
3) Support Resistance
4) Supply Demand
I think that a lot of investors would invest their money when bitcoin is at a low price and a lot of people will follow then the trend.
Let me now in the comment section below your view on Bitcoin and what you think about my Video Analysis.
Please leave a Like.
Thank you and we will see next time
- Darius.
Bitcoin High risk trade.
1 Everyone is bullish
2 shorting crypto
3 shorting B?TCOIN
So if you are long, maybe tighten those stoplosses. Take in some profit. Let’s see if it’s moon time......... or,
if b?tcoin just “mooned” us.
We’ve broken below the 200 simple moving average on daily followed by open and closes below. 200 is still closing higher, 🧐 keep an eye on this “rolling over” as a confirmation of weakness.
Weekly close confirmed hidden bearish divergence on the RSI and formed a possible Bearish Harami candlestick formation.
Confirmation is a tick below last weeks close @8235
Confirmation for spacesuits is a break of 9085.
Once again,it was all way too easy!Since breaking the Shiff Pitchfork Channel, all you needed to chart for a perfect trading plan, were the FIB retracements ...
The recent past A.K.A I told you so!
- As I told everyone before, the perfect place to long was the golden pocket of the 6400 --> 7700 wave which was sitting at the 6800 to 6900 area .
- Short entries would have been correct at 7700 some weeks ago, or 7520 a bit later, shorting the top trendline resistance.
- After breaking the shiff pitchfork, there were still 2 FIB resistance levels left from the 10500 to 6400 drop, mainly the 0.5 at 8470 and the golden pocket area from 8900 to 9100 , once again FIB retracement turned to be the TA causing every major move so far, a short at these levels at that moment would have been your best move.
- For the short term traders a second long entry would have been possible at the 0.5 retrace from the 6400 --> 8460 leg, in the 76xx area.
SO what's next???
- As I have been saying for weeks if not months, 8900-9100 was the last hope for our BTC bears, it is therefor an area of HUGE interest.
- Minor support levels can be found at 8190 and 7940 as seen on my chart.
- If we break those 2 minor support levels, we have to admit that chances are big that the correction bottom is not yet in, 5400 has a big chance as being the 0.786. 4100 however has some importance as well, there is bearly any market acceptance between 5400 and low 4k levels, keep that in mind if you plan to go all in at 5400.
I do want to appology that I don't post that many ideas, nor do I update them as much, I keep most of my stuff private and I am considering changing that behavior!
Simple and clean 4h chartBTC is moving slowly , waiting for weekly closure , and we will see btc moving down to 7200$.
So many confluences , double top , fibonacci extension, trend line .If we break the trendline we wait for the retest and boom there we go stratight to 7200.
The strongest one is the double top . We can enter short now but that is only if we rely on fibonacci , if we obey double top rules we should wait until 7750 and then enter short , target 7200$.
BTC looking South on many indicatorsThis would be a short term trade, with potential for a longer run.
Key takeaways:
Green 50 Day MA was rejected.
Daily Mid-BB giving out currently.
Stochastic, Stochastic RSI and Smoothed RSI appear to be starting a downtrend.
Potential MACD cross down upcoming.
The chart just doesn't look good with those indicators at this moment. This is during the middle of the daily candle, so there is still hope to hold the Mid-BB but regardless if the daily ends a red candle it appears headed to the bottom of the relatively tight BBs. This move would take the Stochastic, Stochastic RSI, RSI and MAs down as well.
There is a chance that since the BBands have been tight for so long there could be large movement. Since the indicators point down, a short term short could turn into a longer play.
However, as a long term bull I can see hope for a potential bottom here. This could just be the mentioned indicators doing a "reset". By this I mean, price moves down very little while bringing down many key indicators like mentioned. This leaves much room for them to move up. To get the most out of an indicator reset like this, there might be a relatively large red candle while indicators are bottomed and followed by a steady green rally. That one large red candle helps offset the positive momentum of new green candles so that the indicators don't rise too quickly, painting a more enduring bullish picture. If you look at the chart, this would mean price steadily goes down to bottom BBand, dips below it quickly, and rallies steadily towards upper BBand rather quickly.
Long-term bear case: daily MACD crossover, price still below all major MAs.
Long-term bull case: potential indicator reset with a higher low at lower BB.
DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB.