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Bitcoinshort

Bitcoin to breakdown?Bitcoin - 24h expiry - We look to Sell a break of 25298 (stop at 25798) There is no clear indication that the downward move is coming to an end. Our short term bias remains negative. The sequence for trading is lower lows and highs. A break of the recent low at 25354 should result in a further move lower. 25354 has been pivotal. Our profit targets will be 24048 and 23848 Resistance: 26200 / 26500 / 26800 Support: 25800 / 25350 / 25000 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:BTCUSDShort
by VantageMarkets
BTC is poised for more losses shortly. As you may already know, BTC has recently struggled to maintain its value. The price has been fluctuating wildly, and the bears seem to be in control of the market. Unfortunately, this trend will likely continue, and we may see even more losses in the coming days. Unfortunately, BTC seems to have fallen below its 50-day SMA and is currently facing resistance at 26k. Monitoring these trends and adjusting your strategy is essential as a Bitcoin trader. Check out the current BTC price below the 50-day SMA and consider your next move. It seems that Bitcoin has fallen below the 0 Fibonacci level. As a result, it may take a lot of work for bitcoin traders. However, I suggest keeping an eye on BTC below 0 Fibonacci level for those interested in potentially buying at a lower price. This news is difficult to hear, especially for those who have invested heavily in BTC. However, it is essential to remember that the market is constantly changing, and there will be opportunities to make up for these losses in the future. In the meantime, I encourage you to oversee your BTC trading. Keep a close eye on the market and be prepared to make quick decisions if necessary. Remember, it is always better to be safe than sorry when trading.
BITSTAMP:BTCUSDShort
by bryandowningqln
Bitcoin Prediction- I have been saying that the support of trend lines corresponding to numbers 1 to 5 would be strong, so this is a good entry point to take a long position. However, I want to warn you not to trust it too much because this support line will likely be broken in the future. - Scenarios like numbers 1, 2, and 4, where the trend line is precisely supported and followed by an upward movement, should have occurred. - However, number 3 broke the trend line slightly and eventually dropped by about 2k. - Similarly, number 5 also broke the trend line slightly, so there is a possibility of a decline of about 2k. → Cut short if it surpasses 26,400 / Long buy between 23,700 and 23,400.
Short
by SPOONY1004
BTC Short Term TROUBLE -Sub $25K LikelyHi Traders, Investors and Speculators of Charts📈📉 After closely monitoring the market trends following our previous idea of shorting until the FWB:25K mark, it has become apparent that there is a notable increase in selling activity. Despite witnessing a decent rebound at the FWB:25K support zone, it was met with an equivalent level of selling pressure, resulting in the price experiencing a downward trajectory with lower highs. Furthermore, it is crucial to take into account the occurrence of a double top formation in the daily timeframe. This technical pattern typically indicates a reversal in the price trend and suggests a bearish outlook for the short term. It implies that the market has made two unsuccessful attempts to surpass a certain price level, highlighting the presence of significant selling pressure and a potential decrease in investor confidence. Considering these factors, it is prudent to exercise caution and be mindful of the prevailing bearish sentiment in the market. Traders and investors may need to reassess their strategies and potentially explore short-term trading opportunities that align with the current bearish trend. ________________________________ I've been consistently bearish in my short term outlooks but bullish longer term, as seen below: However, I remain BULLISH for the longer term and do not expect us to drop any lower that $23K. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We appreciate your support ! CryptoCheck BITSTAMP:BTCUSD COINBASE:BTCUSD INDEX:BTCUSD BINANCE:BTCUSD CRYPTO:BTCUSD CME:BTC1! BINANCEUS:BTCUSD GEMINI:BTCUSD BINANCE:BTCUSDT BITFINEX:BTCUSDSHORTS KUCOIN:BTCUSDT OKX:BTCUSDT
Short
by CryptoCheck-
28
Bearish on BTC - 12-13k No one is talking about the M pattern that didn't reach it's target yet. yes we came very close to it but this is a Macro Weekly chart. close is not enough to mark the target reached. In my opinion, we still didn't get real bloody yet. one last drop to 12-14k is something i genuinely believe in. The pump that we are seeing since January is just a retest to the M Pattern Resistance. I am personally not turning bullish unless we close a candle above 35K. NFA.
BITSTAMP:BTCUSDShort
by CryptoriaH
1
Potential Elliott Wave Pattern UnfoldingGreetings traders, I wanted to share a great example of an Elliott Wave pattern that appears to be playing out on the chart, suggesting a potential trading opportunity. Elliott Wave Analysis: The chart reveals a potential 1, 2, 3, 4, 5, A, B, C pattern, which follows the classic Elliott Wave structure. Here's a breakdown of the pattern's key levels: 1. Wave 1: Starting at $27,275, this marks the initial upward wave, signifying the beginning of a potential bullish move. 2. Wave 2: The subsequent pullback from $27,275 led to Location 2 at $27,215, representing a corrective wave. 3. Wave 3: From Location 2, the market continued its upward momentum, surpassing the previous high and reaching Location 3 at $27,300. This wave tends to be the strongest and longest in an impulsive move. 4. Wave 4: After the extended bullish run, a corrective wave followed, retracing to Location 4 at $27,225. 5. Wave 5: The market resumed its upward trajectory, surpassing the previous high and reaching Location 5 at $27,375. This wave often signifies the final push of a bullish move. 6. Wave A: Following the completion of Wave 5, a corrective decline occurred, bringing the price down to Location A at $27,080. 7. Wave B: From Location A, the market staged a rebound, retracing some of the previous decline and reaching Location B at $27,140. 8. Wave C: The pattern suggests that the market is currently heading towards Location C, which aligns with a support level at $26,810. This wave represents the final leg of the corrective pattern. This is a strong level of support but could possibly be broken due to a lack of trading volume during the weekend. Stay vigilant and monitor the price action closely to see if the pattern continues to unfold as anticipated. Remember to manage your risk effectively and set appropriate stop-loss orders.
BINANCE:BTCUSDShort
by maybethatguy
BITCOIN parallel channel, more range and correction ❌🧨 Hello 🐋 based on the chart, the price is again in range part close to the channel resistance, resistance area 📖💡 for any other huge pump, we need more correction to the downside 💡📖 and range candlesticks to the upside and downside before any other sharp movement is logical 📖💡 👌 Notice: pay attention to the price on shortcut chart (located under the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Short
by MadWhale
13
BITCOIN breakdown IMPORTANT levelsAs you can see, Bitcoin price has been traded in consolidation for quite some time. Im using fib channel to ilustrate that picture, im not usualy using it to trade. The price has been reacted on almost every level in channel, having in mind that upper middle is slightly bullish, lower middle is slightly bearish. But as long as we are in that channel the long swing or short swing positions will be liquidated due to a price fluctuation, and thats why im taking short term trades as long as we are in this consolidation. Now adding Volume profile to this picture, we can see that there is not much strenght for the bulls to turn things around. They where defended the Value area twice, the big yellow pocket on the chart where there is a low volume to none, suggesting that if price breakdown to that level it will soar to 25k. The next defence was now, bouncing of the middle fib channel, liqudating the short positions who where aiming for the 25k. Thats why only the short term trades are in place. Next for the bull enthusiast, every time the price goes up, the sellers driving the price down even more to collect their stops and liquidity. As you can see the price tested 3 times the top upper channel, failing to breakthrough, making lower highs for days. As long as we are in the channel and having lower lows for me that is a bearish sentiment. Logically speaking, the price will aim to touch the lower channel for the third time, where is a big point of control sitting with big volume on that level which is 25k. Now that wont happen, until price closes below middle level in the channel, suggesting the bearish sentiment. Now this level is a dangerous because this level is with low volume, and very close to that breaking point on yellow pocket with basicaly no volume at all. This is a psychological level, where bulls are aware that if they lose that level the price will tank down, thats why we have those two big wicks on that level. Now if the price happen to close bellow the middle fib channel, and start to consolidate a little, gathering strenght for some continuation pattern, we will see the big move on 25k. 25k is the very strong buy zone, even if it breaks down a little, everyone will be jumping in, to buy for even lower price, where we could see a potential reversal for maybe a little longer uptrend, but even then we are far away from the bullrun.
by MarkoMarisavljevic
BITCOIN more correction to the downside ❌🧨Hello 🐋 based on the chart, the price is close to the channel resistance, resistance area 📖💡 for any other huge pump, we need more correction to the downside 💡📖 and range candlesticks to the upside and downside before any other sharp movement is logical 📖💡 👌 Notice: pay attention to the price on shortcut chart (located under the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Short
by MadWhale
15
Bitcoin 23/5 '23Hello Everyone, Straigth to the business, Right now, we in High Uncertainty market conditions, related to Macro economy optics for Future.. with Several Big events in upcoming day which could provide more Clarity into where market would like to move BUT as Right Now.. Price is Lower then it was when Peaked mid March.. In that Time, we was Held in few Week consolidation, before we seen expansion. Matter of Fact, it Holds Under that Purple line which can be seen as Bottom of Sidewas range from March. Because of that and above, I would favourite opening Short in this moment, and expecting that next Expansion will be on Downside, with sound Stop Loss above 25-35% of March sideways range. ( around 28k$ - depending on your own Risk Managment) Having in Mind, that if Price is Able to Break above and Close there for at least Few Days, it May be very possible to see Highier Price range upcoming Month(s) . Joe
BINANCE:BTCUSDShort
by cryptocapitaltrading
Bitcoin continues to hold back bulls.Bitcoin - 24h expiry - We look to Sell at 27388 (stop at 27888) We look to trade the current range. Bespoke resistance is located at 27500. We look for a temporary move higher. The bias is to break to the downside. The sequence for trading is lower lows and highs. Our profit targets will be 26138 and 25738 Resistance: 26800 / 27200 / 27500 Support: 26600 / 26500 / 26250 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:BTCUSDShort
by VantageMarkets
Bitcoin ShortsShort Entry 1: If the price rises to the 38.2% level (28,468.4) and then starts to fall, this could be a potential short entry point. A stop-loss could be set just above this level, and a take-profit target could be set at the next Fibonacci level down (50% level at 27,924.4). Short Entry 2: If the price rises further to the 23.6% level (29,095.3) and then starts to fall, this could be another potential short entry point. A stop-loss could be set just above this level, and a take-profit target could be set at a lower Fibonacci level (38.2% level at 28,468.4). If you like my ideas pls share ;)
CRYPTO:BTCUSDShort
by Holyrood
Bitcoin (BTC) - bears have the full controlHello, everyone! After today Powell's speech Bitcoin demonstrated the local volatility increase, but in mid-term picture it has not changed anything. As I told you many times events and news do not change the trend direction. It's just noise which makes the trading decisions more difficult. I have been waiting for almost a week how the waves will be formed and made a conclusion, that wave 3 of any order has been finished exactly at 1.61 Fibonacci extension level. Minimum Awesome Oscillator's value give us the precise answer where the wave 3 has been ended. The fact the AO crossed the zero line tells us that wave 4 is in progress and close to it's end. In my opinion, wave 4 has the shape of triangle correction, which is not obligatory has to retrace too high. Therefore, we can count the wave's 5 target. It's minimal target is located $25200 , maximum one - at $23500 (see my previous analysis). My plan now it looking for the short trade entry, I cannot see here any potential pumps. Best regards, Ivan _____________________________________ ❤️Follow me and never miss the update❤️
Short
by Skyrexio
3