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Bitcoin-short

BTC/USD is in Sell setup on H1 TimeframeCurrently, the BTC /USD pair is forming a short setup on the H1 timeframe, as there has been a reaction after retesting the old bear base (red area). The bear base was created by an engulfing candle on the H4 timeframe in the past (bearish engulfing) To establish the sell setup: - we look for initial break (it is the last bull candle that are break by the bear candle), in this case we call it initial break (IB) - we look for candle break 1 (cb1). it is the first bear candle that we found if we look back candles before IB - we look for the breaker. it is the first bear candle breaking the cb1 after IB We used Fibonacci extension , placing the 0 Fibonacci level at the previous highest price retesting price and the 1.0 level at the closing price of the breaking candle. This technique utilizes the 0.5 Fibonacci level as the sell entry point, the 0 level as the stop loss (SL), and the 1.618, 2.618, and 4.236 Fibonacci levels as take profit (TP) areas 1, 2, and 3, respectively. we are targetting the previous nearest bull base (marked blue area)
BITSTAMP:BTCUSDShort
by taouchgod
3
BTC Fake BreakOUT and Price PredictionAs it is known from the upper band of the channel we are in, the 200-week simple moving average and even a solid horizontal resistance area , we were rejected with the contribution of the deathcross realization and the negative discrepancy in the relative strength index and price correlation on the daily timeframe . The predicted decline and reaction rise areas do not seem to be very pending. As I expected, the main decision area seems to be around $18,500. Feel free to comment, knowledge multiplies by sharing.
Short
by the6ylal
1
Bitcoin Supply ZoneHello traders As you know bitcoin started to turn bullish weeks ago, market greed has increased, and dominance is above 42%. On a day to day charts and the short term, Bitcoin hit a supply zone that is pretty strong in every timeframe. I see a rejection from that zone, and I think this rejection might create a bearish momentum for the short term; in other word, I will call it a correction for a bullish trend. I screenshotted a metric from Glassnode called realized Profit/loss Ratio, which shows that most of the network wallets are currently in profit. This is a risk for a price. Note that this is an Intraday analysis and is only valid for a couple of days or even hours. ------------------------------------------------------------------------ What is your opinion? Comment below. If you like the idea, please hit the boost button and follow me so you will get the updates. The information given is never financial advice. Always do your research too. Good luck.
Short
by Crypto_MD
Dont be fooled by the pump!!!!!Bitcoin has no value. Its value is made by human emotions. What happens when humans enter the depressive state of mind? Bitcoin will no longer be supported nor be interesting. Last time I posted on Bitcoin, I said that the narrative that would drive the price down was corona. And i quote: "With this corona bullshit..." This time the narrative will change. WAR and INFLATION will drive bitcoin down this time. WAR and INFLATION will make people enter a depressive state of mind. DXY will be pumped (WAR will cause this) = Bitcoin dumped. Short the next pump to 25k and join me on this ride to the ashes. "What has been will be again, what has been done will be done again; there is nothing new under the sun." Ecclesiastes 1:9 Thank you!
Short
by Chew5Gum
8