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Bitcoin-short

Bitcoin pullback setup for short entryNothing all too technica l besides the overextension that we have seen. Mostly a short-hunt in my opinion. I am mostly founding this short on the recent performance BINANCE:YFIUSDT had. For those who are new, YFI is a genius-shitcoin that once was deemed to be the next btc I guess? AFAIK there were no recent developments / implementations made but I stand to be corrected. 50% gain in this short period seems just too much eh? Perhaps it is a bit more overextended compared to BITSTAMP:BTCUSD but in a more distilled way. Shitcoins like this paint a perfect picture of the human greed and we can sometimes use them as refrences. TP's really arbitrary, yet I am following a close line around the ascending diagonal line cause it might act as a support.
Short
by dicetrade
5
Bitcoin UPDATE Hello guys. How are you doing? I hope you feel great and always be happy and successful. today, I want to talk about Bitcoin. It's an update and the expectation about the movement in Bitcoin. So, as I always said it's not financial advice. please just read and do based on your strategy. So, Let's go into details. ➖➖➖➖➖➖➖➖➖➖➖ I drew this Fibonacci channel a few months ago.do you remember that? what a fabulous reactions. You can find the bottom of Bitcoin easily. please draw it on BTCUSD. and the price must be on the line chart. after breaking line 1 (at the top of the first channel) the price changed the trend to complete the pull-bach to the top of the channel. I expect that the maximum of this movement will be 38300 and then reverse the trend again. But, if the price succeeds in closing above 38300 by a God Candle (a full candle without shadow at the top and the bottom) and the volume confirms this breakout, I believe that the price can go higher and the first target will be around 47000 and then 58000. but, it's just a scenario and I don't think the price succeed in closing above the 38300. by the way, I want to tell you something special. Every time the stochastic managed to touch the 70 level (and above) and then reverse on the monthly time frame, we had a huge drop. Please check it out at the below link. (Minimum 84%) And the consequence is that I expect the trend will reverse soon. That's my idea. and the market maker played this rule to import the money into this game. and burn it. please think about that carefully. and know that Opportunities in the market flow smoothly like a river. Please don’t forget to write your comments ✍️✍️ like 👍👍 and Share 👌👌 this vision with your friends. And Tell me do you agree with me or Not? Please don't hesitate to write your comments below. ❤️❤️ Wish you the best ❤️❤️ Sincerely Yours Ho3ein.mnD
BITSTAMP:BTCUSDShort
by Sticky-Stock
BTC.USD (UPDATE)Hello My friends. How are you? Today I want to talk about Bitcoin. But first, it's NOT financial advice. it's just a scenario that belongs to me. and it shows what can I think about this movement. Let me talk about Elliot first. ✔️ The theory identifies impulse waves that establish a pattern and corrective waves that oppose the larger trend. ✔️ The Elliott wave rules are that markets move in eight waves – five that move in line with the major trend overall, and three that move against it overall. Each wave is a move in the opposite direction to the one that preceded it. Please check it out below Photo. So, let's go into details. I published an analysis of Bitcoin in the Weekly time frame and full cycle before Let's look at that again. So, according to my words, I want to show you all the waves and movements of Bitcoin. We had five bullish waves. and after finishing, we have to wait for the correction waves. the correction waves contain A, B, and C. Please look at Bitcoin on a big scale. the 5th wave of Bitcoin finished at 69K.and after that the correction waves began. From 69K to 15500 USD: we call it A From 15500 USD to 34-38K: we call it B and now, we should wait for the C wave to begin. Now I want to collect all the information. after finishing the A wave, at this time we are at the end of the main B wave. By Using Fibonacci retracement, we can find the PRZ levels as the target of the B main wave. It means 34-38K is the target of the main B wave. after that, the C wave will begin. The C wave contains 5 microwaves. Please don't FOMO. although, there is no money in the market. I still believe that the market needs more correction. and the main whales did not enter and they are waiting for the best position to enter the market at the cheapest price. At this price, it is not sensible for them to enter the market. Please don’t forget to write your comments ✍️✍️ like 👍👍 and Share 👌👌 this vision with your friends. And Tell me do you agree with me or Not? Wish you the best 🙏🙏 Sincerely Yours 🌺🌺 Ho3ein.mnD
BITSTAMP:BTCUSDShort
by Sticky-Stock
7
BTC.USD Monthly VisionHello Guys. How are you today? Let me say to Frankly, It's not financial advice. that is just a Vision of the market. that's all. ***************************** Today, I want to talk about Bitcoin in Monthly Time Frame. as you see, I used the Fibonacci channel. I remove other levels except 0 - 0.5 - 1 - 1.5 - 2 I want to introduce you to 0 as a low of the first channel. (Black Line) I want to introduce you to 0.5 as a Midline of the first channel. (Red Line) I want to introduce you 1 as a Top of the first channel. (Black Line) and so on. ***************************** I changed the candle stick to a line chart. So let's go into details. I drew by Fibonacci Channel and you see two red circles (as support zone) these circles are reactions to the Fibonacci channel, I expect the price to touch again the Fibonacci Channel around 22500 USD and if we lose this zone,10500-11500 USD will be the next support zone. And the 3rd Support zone will be the Blue circle zone. So, please watch the market, there is no money in the market. The situation is so complicated. I believe that we are in a recession and the U.S. government could NOT talk about the Recession because of China some reasons. I bet we will touch the second support zone around 10500-11500 USD and maybe we will touch 4300 USD. Who Knows!!! Please don’t forget to write your comments ✍️✍️ Like 👍👍 and Share 👌👌 this Vision with your friends. And Tell me do you agree with me or Not? By the way, please draw this Fib Channel on your chart, and after that change the price from Line-chart to Candle-Stick. You will see some amazing reactions. For example in Purple Circle 😜 Thank you so much in advance. Wish you Health and Wealth. Sincerely Yours Ho3ein.mnD
BITSTAMP:BTCUSDShort
by Sticky-Stock
BITCOIN Is Bearish! Short! Take a look at our analysis for BITCOIN. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 25787.37. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 23690.45 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
4
BITCOIN Will Go Lower! Sell! Take a look at our analysis for BITCOIN. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 29411. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 28429 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
BITSTAMP:BTCUSDShort
by SignalProvider
4
BITCOIN Will Go Lower From Resistance! Sell! Here is our detailed technical review for BITCOIN. Time Frame: 10h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 30261.20. Considering the today's price action, probabilities will be high to see a movement to 29009.93. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
6
BITCOIN Is Going Down! Sell! Here is our detailed technical review for BITCOIN. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 30781.75. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 29582.24 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
2
BITCOIN Is Going Down! Short! Here is our detailed technical review for BITCOIN. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 30046. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 28259 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
BITSTAMP:BTCUSDShort
by SignalProvider
4
BITCOIN Is Very Bearish! Sell! Please, check our technical outlook for BITCOIN. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 25441. The above observations make me that the market will inevitably achieve 24929 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
BITSTAMP:BTCUSDShort
by SignalProvider
3