Get started

Bitcoinshort

BTC forecast | JPM analysts foresee a stabilizing crypto marketAfter the last price target was reached: Now per a Bloomberg report, analysts from JPMorgan Chase, including Nikolaos Panigirtzoglou, have recently published a research note indicating that the cryptocurrency market is poised to find stability in the coming time. The report attributes this prediction to a reduction in the open interest of CME Bitcoin futures contracts, a typical sign of a diminishing price momentum. The analysts are of the opinion that the recent downturn in the cryptocurrency market, marked by a nearly 12% decrease in Bitcoin's price over the last fortnight, is approaching its conclusion. In the past, when banks were pessimistic about crypto, it was a good time to buy. When they are optimistic, they aim to trap retail investors at higher prices. I don't foresee a stabilization in the price of Bitcoin until it reaches a stronger support, such as $23,900. Looking forward to read your opinion about it.
Short
by TopgOptions
Will BITCOIN continue its correction? Short trade #1Hello colleagues! We decided to present our thoughts on the cryptocurrency market in the form of trades! We will number all trades and after some time we will analyze all our trades and determine their effectiveness. How do you like this format? Write in the comments! Today, the price of BTC updated the local lows of August 1st. This happened at low trading volumes and without an aggressive reaction from buyers. In our previous idea , we indicated the critical point for the medium-term growth wave - this is 28710. This critical point was broken by the sellers, so it's time to see where to open a short position in BTC. A second. But we recently published a long trade on Bitcoin. How to combine it? Everything is very simple. Approximately in the range where we opened a long position, we plan to open a BTC short . If the stop order on the long position is triggered, we will receive a profit on the short position, which will pay off the loss of the long position and the profit will still remain. An identical situation will occur if a stop order on a short position is triggered. The logic of opening a short position: 1. Buyers did not hold the price in the range of $28900-29100 2. After the update of local minimums, buyers did not show their aggression. 3. BTC price growth during August 1-8 looked more like a correction after a falling wave. Entering a short position in BTC - Range 28900-29400. A retest of this range will confirm the weakness of buyers. The width of this range is due to increased volatility in the Bitcoin market. Stop loss is 29782. In our opinion, if the price of BTC reaches our stop order, then nothing will prevent buyers from continuing to grow and disrupt liquidity above 30500-31000 in the form of seller stop orders. The target is 26500-27200. Consolidation took place in this range during May - June, where the positions of buyers accumulated, which they will defend. So there is a chance of a bounce up. We allocate $5000 for this trade. In case of error, we lose $100. If the trade works out, we will receive $344. What do you think about this trade? We are waiting for you in the comments!
Short
by P_S_trade
42
BITCOIN - NO BULL RUN TILL MARCH 2024This Bitcoin chart right here is a monthly timeframe chart. We all have been expecting this bear market to be over but it keeps deceiving us. Here is a clue on what to expect in the coming month. Based on 2017 bear cycle that lasted for 27 months (821 days) as displayed on the chart, we see the current 2021 bear market following the same trend. We have four phases here and the number of months each lasted for The All Time High - All Time Low (12 Months) The Bull Trap (6 Months) Accumulation Phase (9 Months) And finally the; All Time Low to All Time High (13 Months) Comparing the two bear market together, we have completed the first two phases and we are in the accumulation phase. Therefore, we have till February 2024 to accumulate our favorite gems before a bull run will kickstart. Not a financial advice🙅🏼‍♂️ Share your opinion in the comment section✍️ Please support this idea with a LIKE👍 if you find it useful🥳 Happy Trading💰🥳🤗
BITSTAMP:BTCUSDShort
by PetrockFxTrading
8
BITCOIN More Downside Expected!Happy Monday Traders & Investors As we can see Bitcoin has been ranging within this ascending channel since over a year now. After the double top formation in the 31k to 32k area, and the break of the previous uptrend that I mentioned in my previous post. (), BTC is making it's way back down to the support of the ascending channel. There are two options as a likely path for Bitcoin to reach the 21.5k to 22.5k area. Option A: Bitcoin will bounce from the current support where BTC found support formed by a strong historic support and resistance area and the 38.2% Fib. Retracement Level of the Uptrend from 15.5k to 31.8k. A logical target for that bounce would be the area that Bitcoin has recently broken down from between 28.5k and 29.2k which also lays right between the 100 SMA (green) and the 50 SMA (black) From that area Bitcoin will then likely make it's way down to the target area betwen 21.5k and 22.5k Option B: In this scenario Bitcoin will find downside inmediately after breaching the current support level to the downside abd make it's way down to the target area betwen 21.5k and 22.5k on a more direct path. If Bitcoin finds a bounce in the target area, a strong rally with a price target of at least 35k comes into play, however if the price drops and confirms below 21.5k the price correction could extend towards the area between 20k and 18.5k I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise. As always , A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! Happy Trading ✌🧡📈
INDEX:BTCUSDShort
by BitcoinEasyIO
BTCUSD - Too weak to holdIn the weekly Chart I expected BTCUSD to climb. The reason was that the most probable path of price was to the upside. But in the Daily TF, the L-MLH (White) is broken. And the Red down-Forks Centerline is also cracked. According to the rules of the Medianlines/Pitchfork it's a sign that price will trade down to the L-MLH. Any potential buy zones? Yes! If price can manage to jump back into the white Fork, or above the red Centerline, then BTC should head higher was it would be expected in the Trading Framework of the Forks. RSI is oversold too. So at least this could create a (short term?) bounce.
BITSTAMP:BTCUSDShort
by Tr8dingN3rd
1
BTC Bitcoin Price Target after crypto volume fell 18% on HOODIf you haven`t bought the playout of the BTC Worts Case Scenario trading idea: Then you you need to know that Bitcoin is currently facing a multitude of challenges that have contributed to a bearish outlook in the market. The recent report from Robinhood revealing an 18% drop in crypto transactions during Q2 raises concerns about the overall demand for Bitcoin and other cryptocurrencies. As one of the popular platforms for crypto trading, Robinhood's figures indicate a decrease in retail interest in digital assets, which could lead to lower prices as supply outweighs demand. The correlation between Bitcoin and the stock market has been a cause for worry. When the stock market faces uncertainties, investors tend to seek safe-haven assets like gold and US treasuries, leading to a potential decrease in Bitcoin's demand. The recent decision by Fitch Ratings to downgrade the US debt rating from AAA to AA+ further adds to the market volatility, prompting investors to seek safer options rather than riskier digital assets like Bitcoin. Apple Inc. (AAPL), a major player in the S&P 500 and representing 7.5% of the index, also plays a significant role in influencing market sentiment. The recent 2.5% premarket drop in AAPL due to lower-than-expected iPhone sales (which represents more than 50% of its revenue) casts doubts on the overall economic environment, potentially impacting investor sentiment across all asset classes, including cryptocurrencies. Coinbase, one of the largest cryptocurrency exchanges, is currently grappling with regulatory issues as it faces a lawsuit from the SEC. The accusation of selling unregistered securities and operating as an unregistered securities exchange puts a spotlight on regulatory uncertainties surrounding cryptocurrencies. This could lead to a decrease in investor confidence and further dampen demand for Bitcoin. In addition, the cautionary statements from experienced trader Tone Vays carry considerable weight in the crypto community. Acknowledging the unpredictable nature of Bitcoin's movements, Vays highlights the potential for the cryptocurrency to plummet below the $25,000 low. Such warnings from seasoned traders can sway investor sentiment and trigger panic selling, leading to further declines in Bitcoin's price. Taking all these factors into consideration, it's evident that Bitcoin is facing a challenging environment, with several headwinds putting downward pressure on its price. The projected price target of $27,500 based on Elliott Waves retracement further adds to the pessimistic outlook. Looking forward to read your opinion about it!
Short
by TopgOptions
2
📈Bitcoin prediction, 26.5K or 31.5K? 📉BINANCE:BTCUSDT COINBASE:BTCUSD Hello dear traders Due to the decrease in trading volume in the last few weeks, I'm going to do some weekly Bitcoin analysis. In the next few days, Bitcoin is expected to return to the $31,000 range if it holds above the indicated areas (29600-29800). If the price breaks below the mentioned areas, the price will drop to the level of 28,460 and then 26,500. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
Short
by CrazyS