48k, heh? : BTCUSDT : NASTY RETRACEMENT : SHORT SIGNALWhoever made the call about 48k before tanking was pretty accurate.
Not exactly certain where it'll come down to, but I'm confident it'll get at least below 40k.
Come'on little BitCoin!
Bitcoin-short
Btc At Neckline of Decending Triangle Excepting Big Bear Move We've been projecting btc to correct to at least the 200day moving average
ema 12 crossed the signal line and i'm expecting EMA 26 to do the same causing btc to break through this neckline!
Be Careful Bulls. We see you on the weekly and know you're there, the bears just have one last push it seems!
Cosmos(ATOM): Which Way Do You Think Will We Go?ATOM has caught our attention here after having that nice bounce from EMAs and the middle line of BB.
We have displayed here multiple potential entries for this coin and target zones as well.
As of now, all we can do is wait for either upper resistance or lower support to be reached in order to see whether we can take on ATOM.
So where are we going? A/B/C/D?
BTCUSD crypto short triggers and hedgeI personally don't like short positions, especially with BTCUSD pair. However there are a few triggers that may cause crypto market to fall.
1. Stock market fall. Nasdaq has touched its ATH. And it is a strong resistance level.
2. SEC can delay spot bitcoin applications again. So January 2024 is a very important month.
3. Last week BTC recorded $ 860 million worth of net inflows into crypto exchanges (accoording to IntoTheBlock analytics company). If we count this amount in BTC its not much, just about 20 000 BTC or 0.1 % of all current allocation.
But we don't know how many bitcoins have been sold in OTC market. Big players always hide what they do.
If all three triggers work together, the crypto market will be down. That is why I'd like to discuss how to hedge your long positions.
The best way to hedge our investments is to see what institutional crypto investors do.
Accoording to Coinshares YTD BTC flows is ~ 1.7 Billion while BTC short is ~ $ 62 million.
Here is how to count the size of our hedge short position. To divide: 1 700 000 000 / 62 000 000 = ~ 25.
So If we want to hedge long positions in the bull market our profit / loss ratio should be 25 / 1
For example if you have invested in BTC, say, $ 100 k, your short position in BTC should be = 4 k. But I strictly urge you, don't open margin positions. x1 is a must (not x2 or x3) in crypto futures.
If you open x1 short BTC position now, your liquidation should be at ~ $ 80 k for 1 BTC. But if 1 BTC = $ 80 k , you have ~ $ 200 k ($ 100 k in profit) and you lose only $ 4 k.
That is very profitable, isn't it!
HelenP. I Bitcoin can rebound down of resistance line to $45800Hi folks today I'm prepared for you Bitcoin analytics. A not long time ago price declined to the support zone, which coincided with support 2, and at once rebounded up. Next, the price rose to 44400 points, after which started to decline to support 2. When the price fell to support 2, it at once rebounded and made a strong impulse up to support 1, which coincided with one more support zone. But BTC in a short time declined back to support 2, after which it entered to wedge, where the price rebounded from the trend line and made a strong impulse up to the resistance line of this pattern, breaking support 1 again. After this, the price made a correction movement and then in a short time back up, and now Bitcoin trades near the resistance line of the wedge. I expect that the price will reach the resistance line and then start to decline to the support zone inside the wedge. Therefore I set my target at the 45800 level, which is located in the support zone. If you like my analytics you may support me with your like/comment ❤️
HelenP. I Bitcoin will correct one more time and then rebound upHi folks today I'm prepared for you Bitcoin analytics. A few days ago price traded near support 2, but later it made an impulse down to the trend line, thereby breaking this level. After this movement, BTC in a short time backed up and then tried to rise higher, but failed and made correction to support 2. A well then Bitcoin made a strong impulse up to support 1 and even rose to the support zone, but soon fell below. Price some time traded below support 1 and then rose back to the support zone, but BTC didn't fixied and in a short time declined to the trend line. After this, Bitcoin rebounded from the trend line and rose higher than support 1, breaking it one more time. Then price made a correction to the trend line, but recently it backed up and now trades near the support zone. Also, BTC formed a wedge pattern, in which the price continues to trades to this day. At the moment, I expect Bitcoin will to correct to support level again and then rebound from it. That's why I set my target at the 45500 level. If you like my analytics you may support me with your like/comment ❤️
BITCOIN BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
We are going short on the BITCOIN with the target of 42548 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
✅LIKE AND COMMENT MY IDEAS✅
BTC will make Pain to All BullsAs it turns out, we have reached a resistance level located within a 2-layer channel structure. It probably seems only fair to inflict some pain on the bulls who took positions long before the ETF arrived.
BITCOIN SENDS CLEAR BEARISH SIGNALS|SHORT
Hello,Friends!
BITCOIN uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 41888 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the BITCOIN pair.
✅LIKE AND COMMENT MY IDEAS✅
BITCOIN BEARS ARE GAINING STRENGTH|SHORT
Hello,Friends!
The BB upper band is nearby so BITCOIN is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 39873.
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BITCOIN Will Move Lower! Short!
Please, check our technical outlook for BITCOIN.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 43916.
The above observations make me that the market will inevitably achieve 41659 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!
BITCOIN BEARS ARE STRONG HERE|SHORT
Hello,Friends!
We are going short on the BITCOIN with the target of 37872 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
✅LIKE AND COMMENT MY IDEAS✅
Possibility of Correction for Bitcoin about Short Time FrameAs can be seen, Bitcoin is moving as expected within the ascending triangle formation, and we are currently on a stable path above SMA200 / 4H.
Considering the Fib support and resistance, a correction to around $35K can be considered normal. If we can break the limits in this area, we can see a correction to $33.5K or even up to FWB:29K , which is our long-term fib level.
BITCOIN SELLERS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
BITCOIN uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 33450 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the BITCOIN pair.
✅LIKE AND COMMENT MY IDEAS✅
ALGO/USDT = Sideways before The Breakdown/BreakoutWe see a tight trading range, signifying indecision between buyers and sellers. If we see a solid break above the upper yellow line, there could be potential for an upward push, possibly initiating a new bullish phase for ALGO coin. However, the odds seem slim, and we may more likely witness a bounce between the resistance and support zones.
We're on the lookout for a potential breakdown, which would necessitate a confirmed re-test of the resistance turned from the support zone. Such a move would signal a clear shift in market sentiment and a potential move to our liquidity grab zone as well!
#BTC: Bearish Ascending Triangle + Bearish Divergence Coming in.After a good and strong upward move Bitcoin seems to be in need of some breathing time which is very healthy btw in order to have a strong continuation. On this post I just wanted to pin point that our Stoch showing an overbought zone in addition to the bearish breakout of an ascending triangle on the 2H chart. The repeated rejection of Bitcoin's trail to break upwards can be taken as a confluence in the scenario too showing that buyers are at least for the very short term are getting out of energy. I am looking forward for Bitcoin to retrace towards the support area of $34,000 - $34,400. Further more on higher time frames we are witnessing a bearish divergence occurring.
#BTCUSDTIn time 30 minutes, you should probably make an up and then do a pullback to the broken neckline. It is in a contraction pattern.
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.
#bitcoin #btcusdtBitcoin is moving in a short-term upward channel, and currently the most important resistance is the red range ($40,000). A divergence in the upside and weakness of the momentum is observed. Therefore, if it is not stabilized above the specified range, it can react negatively and make corrections up to the supporting area of the bottom of the channel.
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
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
BTC - The party has just Started 🎊📹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #BTC.
Which scenario do you think is more likely to happen? and Why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
BITCOIN BEARS ARE STRONG HERE|SHORT
Hello,Friends!
It makes sense for us to go short on BITCOIN right now from the resistance line above with the target of 26783 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
✅LIKE AND COMMENT MY IDEAS✅
