Bitcoin seeking re-test of Head & Shoulders after LOWERLOWBitcoin is seeking its Lower High on the intraday 4H chart after confirmed the break of a neckline from a Head and shoulders patters. Price is currently respecting structure. The Daily shooting star at the back of a retested trendline suggests that there is sell strength near the neckline of this patters. I will be monitoring the 1H for a the re-test however the volatility must show for this to be a valid sell. This bullish push is all apart of a weak momentum swing high.
This setup will appear the clearest on 4H and 1H. I will take entry on the 30 or 1H.
Bitcoinshort
BITCOIN : NGL Looking Bearish 😐 Hi Traders, Investors and Speculators of Charts📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year 🏫
From the short term / daily perspective, Bitcoin has turned bearish. These reasons are pointed out on the chart, including a few very clear chart patterns. There are a few things I can think of that may be causing this short term selloff:
👉 Market Correction: Cryptocurrency markets are known for their volatility, and periodic price corrections are common. After experiencing a significant surge in price, it is not uncommon for investors to take profits, leading to a temporary decline in the price.
👉 Regulatory Concerns : Government regulations and policy decisions can have a significant impact on the cryptocurrency market. Negative news regarding regulatory developments, such as increased scrutiny, potential bans, or stricter regulations, can lead to market uncertainty and a decrease in investor confidence. Regulatory actions in major economies can create selling pressure and contribute to a downward trend in BTC's price.
👉 Whales whaling around, causing an even larger sell-off as the price of BTC drops and Technical Indicators turn bearish on the daily
I t's important to note that I'm only short until FWB:25K , at which point a bounce is possible.
If you missed it, here's an earlier analysis regarding this exact support zone and it's importance for the price of BTC :
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Bitcoin midterm Mid-term trade on bitcoin in which also participate, with targets 26700, 26000, 25000. Cancellation of the short scenario, price exit above 30400. Maybe today before the interest announcement we will see the price swinging to the upper 29000-29600 or even 30000, which will give the opportunity to sell at the better price, and after the announcement I am waiting for the sell-off.
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Bitcoin continued shortIn the last idea we talked about the possibility that the price will be sold up to the area of 29000-29600, and after the publication of the rate data I expect a sell-off. The scenario is fully worked out and the price went down as we expected. My position sold at 28500 is already in profit, about 2%, and I believe that the scenario with further decline to the area of 27-26 thousand and even lower to the area of 25 thousand, remains in force. Technically we had a formed triangle, which was broken down, at the moment I expect a slight correction upwards and continuation of the decline, and if we break 27k the movement will accelerate.
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Bitcoin Head & Shoulders Activating!BITSTAMP:BTCUSD
Head & Shoulders printed pattern. Watch for neckline break to confirm.
Has busy support zone as highlighted.
RSI oversold so you can enter on Bearish Retest or add to your positions.
LONG: If the neckline fakes out then consider long opportunities.
Plan A / Plan B - We move with price and prepare in advance.
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
If you liked this idea or if you have your own opinion about it, write in the comments.
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bitcoin short setup Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
Bitcoin StrugglingHello traders, here is my view for btc at the moment :
Bitcoin was in bearish move since May 5th with increasing volume + open interest and convergence with RSI momentum in daily timeframe, this is a confirmation for strong bearish move.
What I expect :
BTC weekly closed below 26900 next stop is 25k area
BTC weekly closed above 27250 next resistance is 28k area
But BTC would not go above 29k IMO since there is a strong channel resistance.
I personally bearish for BTC since the abc correction target is on 25k area which is psychological number + fibonacci retrace confluences.
Massive 4H short for the almighty BitcoinLadies and gentlemen, we have a clear as day Bearish reversal signal in front of our very eyes. Bitcoin has confirmed a double top pattern for the right shoulder of a massive head and shoulders. I'm looking forward to shorting the re-test pf a pivotal neckline. I'm projecting a decline of at least 3,000 pips over the course of the entire move. Price is looking to continue creating its daily Lower Low as well as a breakout from consolidation. This pattern can be seen clearly from the daily as well as clear structure breaks on the 4 hour timeframe. I will be analyzing the 4H for the setup however my entries usually come from the 15/30 min. sometimes the Hourly. However I anticipate a strong volatile swing bullish before the decline.
"Bitcoin journey to $5800"BTC broke the trendline earlier around 15500 and also grabbed the liquidity to the upside after this pump. the trendline is tested three times and bears are shorting aggressively. current scenarios confirm BTC to crash hard from here. BTC is likely to crash to $5800 from here because bears who shorted there there have'nt book their profits yet. bull run wont come before hitting $5800. we won't be hitting the inducement above $32k anytime soon because it will confirm the break of structure which will confirm that bull run after a liquidity grab. amid WWIII, situations aren't good and bull run isn't expected anytime soon. it is hard to believe but it is what it is. you might laugh at me now but, i have won almost every time using this strategy that I discovered myself.
Looking to short bitcoin targeting liquidity @ 22k Currently btc is reacting to HTF supply zone and creating new supplies and being respected as we starting to see a shift in Orderflow and bearish signs are present
So we waiting to see what that 4h zone do and look to take shorts if we have the confirmations we need
4h view
4 hour Bitcoin Double Top within a potential Head and ShouldersThe top down analysis begins with last month forming an indecision month while approaching a neckline. The weekly is at a high which is a great time time to short especially since price formed a Weekly bearish engulfing followed but a doji for the re-test. Price has ceased forming Daily higher highs and instead my 8 exponential moving average has crossed to the downside of the 21 simple moving average. On 5/7/23 a new 4 hour lower low was confirmed. On 5.8.23 @ 16:14 pricer was creating an even lower low declining to $27,453.32. TDI isnt trending yet however the signals are bearish. Price needs to re-trace in order for me to take a short intraday position.
Bitcoin Head and Shoulders BreakdownBitcoin is breaking the neckline here for the current Head and Shoulders pattern that's been forming the last few weeks.
My target for Bitcoin is to come down and re-test the important support zone at / around $25,300 - $25,500 which would be a strong support level to bounce from.
Having a reset here and providing a slid launch point would likely push us to the Fib Golden Pocket around FWB:48K -$50k
What do you think?
BTC - sell and buy zones.Hello! It is visually evident that a so-called "falling wedge" has formed on the chart, which is one of the most well-known patterns in the market. The wedge typically indicates that supply and demand in the market are converging, and can be a signal for traders that the price may change its direction.
In addition, buying and selling zones are highlighted on the chart. These zones can be useful for you, as they are a reference point for me in terms of where the price is expected to go in the near future.
Breaking out to the downside on the D. Bitcoin facing headwindsSay what you like, but on the daily, pending confirmation we're breaking out on the daily, to the down side. Bearish signals.
I expect this to be correcting to the next major target circa 25k in the next couple of weeks, looking at the momentum swing.
Bitcoin will dump hardly next week!Hello, everyone!
In yesterday's analysis pointed out that the dump to $10k is incoming and it will lasts next 3-4 months. I hope I am gonna be right because in opposite case the world will dive in the darkness next year. $32800 breakout it the scenario which nobody want to see. In this case the bear market will be for the next 3-4 years (compare it with 3-4 months). Just imajine which events could happen in the world in this case.
Now let's jump into the local Bitcoin analysis. In my opinion now the first impulse of the last bearish wave is forming. In general, my local forecast remains the same. The only one difference is that wave 2 is forming in the shape of triangle ABCDE correction. The wave 3 is incoming and it has the insane target at $23600. I don't think we will see the start of this move this weekend. I am going to use any bounce to short the Bitcoin with the best risk to reward.
Best regards, Ivan
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Bitcoin trend line resistance continues to cap gains.Bitcoin - 24h expiry - We look to Sell at 29386 (stop at 29986)
Trend line resistance is located at 29400.
Expect trading to remain mixed and volatile. Intraday signals are mildly bearish.
We look for a temporary move higher.
Prices expected to stall near trend line resistance.
Our profit targets will be 27886 and 27686
Resistance: 29300 / 30000 / 30400
Support: 29000 / 28700 / 28200
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Bitcoin Ready For Next Big Move! Is 25K Comin Today with FOMC ? Bitcoin in a triangle pattern trying to find its next move.We could touch 29.1 to sweep the high and 26.8 to sweep the lows before our main move.
We usually get a decent to big move with FOMC but sometimes the main move happen a day after
Losing 24.8K (golden pocket) could result in a HUGE capitulation.
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