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Bitcoin-short

BITCOIN Will Move Lower! Sell! Take a look at our analysis for BITCOIN. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 26766. The above observations make me that the market will inevitably achieve 25771 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
9
BITCOIN Will Go Down From Resistance! 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 market is approaching a key horizontal level 27243.77. Considering the today's price action, probabilities will be high to see a movement to 25204.10. 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 Move Lower! Sell! Take a look at our analysis for BITCOIN. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 27437. The above observations make me that the market will inevitably achieve 26907 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
Possible Head and Shoulders Reversal on BTCBitcoin has been making a bull run as of late, recently breaking out of consolidation and is now trading within a bull channel. Although price can certainly continue to climb the channel and we'll have to wait for conformation of a change of market structure, price action looks like it's offering a potential head and shoulders with the right shoulder coming into 4 different key areas: 1. The right shoulder of a H&S pattern 2. The mean threshold of the 4HR rejection bar 3. A supply zone with a 4H OB 4. A liquidity sweep above the last change of character Once we get into this zone, I'll be dropping to a lower time frame and looking for some optimal entry signals. Don't guess, assess. The Meditrader
EIGHTCAP:BTCUSDShort
by TheMeditrader
4
BITCOIN Is Going Down! 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 significant resistance area 30801. The above observations make me that the market will inevitably achieve 24929 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
3
BITCOIN Will Go Down! Short! Take a look at our analysis for BITCOIN. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 28099.38. 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 26653.69 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
12
Bitcoin Chart Setting Up for Big MoveThe chart has been setting up this move for some time now. We have the neckline of this inverted head and shoulders which allows for a drop to 14,700 while forming a bullish pattern structure. Additional to this neckline, we have a local bearish retest and 3-5 more bearish retests intersecting with this same price range marked in green. Stop loss in purple. DXY may allow for this move to happen and it could very well be a fast wick, since price only needs to touch the neckline to create a valid justification for a low zone of interest despite bullish sentiments for Bitcoin. Drops are well justified inside of a bullish pattern. Very sophisticated chart set up. Move would be justified in either a bearish or bullish forecast since it is both at the same time. There is a lower time frame bearish retest at this level as well as a parallel channel top that can be marked with proper trend lines. The channel bottom is 26,650 Keep an eye out or set alerts for what could be the surprise move of the year.
Short
by DickDandy
1