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Bitcoin-short

-20% DROP IN BITCOIN. YOU DON'T WANT TO MISS OUT FROM THIS Taking a vivid look at Bitcoin from all Time frames it is clear to see that the chart are showing bearish move on all time frame. Lets start from the monthly time frame, we can see that price has rejected the 1.618 FIB Extension and market should head back down. Now, taking a look at the daily time frame price seems to be holding back and much has to do with the present upward trend line, which price just broke below and this signify that the bears are still in control of this market.
BITSTAMP:BTCUSDShort
by IamPeterIzeko
BTC Daily Update With recent BTC dominance of 70%+, Price Action has shown little to no signs of major upward movement. Fundamentally we are overdue for a major correction before the New Year and we are itching closer for that to happen. We see major resistance at the .618 levels (11,200), Optimal Trade Entry in this setup is anywhere from 10800 to 11200 depending on desired RR, recommended is 20-40% of your position from 10800-11000 and the rest 11000-11200 if price allows. SL no higher than 11400-11500 for this setup to allow room for possible wick fishing/stop runs. Happy Trading!
BITSTAMP:BTCUSDShort
by heaneycol
1
NEW TARGET 11.8K?! Be careful...Hello everyone, our predictions playing well 3 in a raw! So what is next? If you noticed - price hit resistance zone $10726-10837. Also, price hit Trend line (orange line). For now We expect price to drop to $10087 level. before going uo to $11.2k. More over, what we have found is that, there is around 40% chance to hit $11.8k level. We do not recommend to short now, trend on lower TF remains bullish. There are two possible options from where price can start grinding up again: From current price (1D level support $10512) or from $10087. Volume supports this move up, but now need cool off before next wave up. More it will flat at $10512 - more it will gain power to confirm move to $11.2k.
BITMEX:BTCUSD.P
by AlphaTradeZone
BTCUSD Potential Head and Shoulders! Hello Traders!, Update on Bitcoins recent developments, we could be seeing a potential head and shoulders on the hourly… Points to consider - Major support is at the green zone, also the neck line - RSI overbought currently - Stoch’s looking to top out - EMA’s giving price support - Volume declining after current bull move - Price testing downwards slopping resistance at current given time Bitcoin is in a very interesting area right now where it could potentially be rejected from this downwards slopping resistance. The RSI is currently overbought as well as the stoch’s showing downwards momentum. The EMA’s is currently giving price support but this does look weak as bull volume has decreased. Bitcoin really has two options, it can either break this downwards resistance and retest the upper trend line. Or it could potentially complete this head and shoulders pattern by breaking its neck like bearish. Price is currently stagnate, thus a move is imminent as BTC is testing its crucial apex area. We must consider the higher probability of BTC breaking bearish as bull volume has decreased, but anything really is possible... This is a good trading opportunity, regardless of which way BTC breaks, there will be a move imminent! What are your thoughts? Is this a potential head and shoulders? Or will BTC break downwards sloping resistance? Please leave a like and comment And remember “It’s OK to be wrong; it’s unforgivable to stay wrong.” -Martin Zweig
BYBIT:BTCUSD.PShort
by AzizKhanZamani
Drop today? 8800 is on the table?!Hello everyone, Today AlphaTradeZone Team wants to show you possible option how Bitcoin can trick shorters. As we all see and know that $9.4k is strong support - our first thought is to load Long position. But what if to scroll back and see how price acted previous time on that support? If you see, every dump stopped at $9.4k, but after a few days of flat accumulation - price squeezed down all the longs, collected liquidity and went up. Usually squeeze takes around 3-4% down, and buy up with increased volume, trapping breakout sellers. THe more volume price will gain on this mive down - higher it will go. According to 4H candlesticks, this move is likely to happen. Also, dropping volume confirms the same.
BITMEX:BTCUSD.PLong
by AlphaTradeZone
2
BCHUSD Inverse Head and Shoulders! Hello Traders Today's chart will be an update on BCHUSD!, Potential inverse head and shoulder! Points to consider - Potential Inverse head and shoulders - Volume declining on right shoulder - Calculated target would be a potential double bottom - VPVR showing low volume of transactions after support - EMA’s acting as resistance - RSI putting in lower highs - Next potential support will be the .618 Fibonacci BCHUSD may potentially be putting in an inverse head and shoulders which is a very common bearish formation. Confirmation will be a break of the neck line which price is testing right now… Volume has clearly declined on the right shoulder and with EMA’s providing resistance to price, BCH is probable of breaking its Neck Line. The calculated target of this Inverse head and shoulder will potentially retest yearly lows. This makes clear sense as there is low volume of transactions according to VPVR after the Neck Line, bears could easily plummet BCH. RSI is putting in clear lower highs, showing us a potential bearish divergence; again giving bears an upper edge What are your thoughts? Will this be the beginning of capitulation for BCHUSD and all other ALTS? Please leave a like and comment And remember, “All you need is one pattern to make a living.” – Linda Raschke
COINBASE:BCHUSDShort
by AzizKhanZamani
1