Bitcoin. Three targets for the decline.Hello everyone! At the moment, the asset is forming a bearish engulfing candle that has absorbed the previous daily candle, and the price cannot hold above $ 30,000
In the near future, the asset may further decline to the 0.618 or the next Fibonacci level of 0.382, which intersects with the ascending trend line. These are two scenarios that may occur. The third scenario suggests a possible drop in the asset to $ 21,000.
This is not a financial recommendation, and everything you do is done at your own risk.
Bitcoinshort
Bitcoin Bearish Signs are starting to play out!Bitcoin in a BIG rising broadening wedge which the starting point of the pattern is 15K
We havent seen a new low over a month,the more it holds the more violent the downside will be
with the dump that happend yesterday we retraced it back but could not regain the bullish structure thus more RED to come today
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Bitcoin to turnaround?Bitcoin - 24h expiry - We look to Sell a break of 29598 (stop at 30401)
We are trading at overbought extremes. The bearish engulfing candle on the daily chart is negative for sentiment.
A Doji style candle has been posted from the high.
30984 has been pivotal.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A break of the recent low at 29669 should result in a further move lower.
Our profit targets will be 27601 and 27201
Resistance: 30000 / 30500 / 31000
Support: 29669 / 29000 / 28500
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BTC/USDT local short, explain whymy previous signal where the target was 29,500 successfully closed. after growth we always get a correction. possible price decline from these levels. Importantly: I use shorts exclusively for hedging positions taken on the spot. So risk a small part of your deposit. As long as we are in an uptrend, we should believe in it and go with the trend, not against it. The situation can change only if it falls below MA 200. not a financial recommendation. do your own research.
Bitcoin vs Bonds.Bitcoin 1D is almost oversold. A first target would be $42,000. Resistance is $45,000 and $47,000. There just doesn't seem to be enough steam for a breakout. Bitcoin's popularity is already maxed out and the investor is struggling according to the economic data. Being that Bitcoin moves with the equity market, we could see bitcoin take a tumble.
Morgan Stanley stated the "Bear market is over". JPMorgan analyst is telling equities investors to take profits. It seems like more economists and analysts are seeing markets taking a tumble. FOMC has been much more hawkish, pushing the 10YR higher. The 1M for Bitcoin is bearish, but short term is looking somewhat better as there have been higher lows and higher highs since January.
btcusdt is near to complete its wave 4 shark pattern cbtcusdt is near to complete its wave 4 on weekly timeframe ,
we can short btcusdt 32700 or 32500
our stop loss must be 33k
and also price near to complete Shark patterns C area
otherside same area is our Elliot wave 4
Here are the key parameters of a Shark pattern:
There’s no specific place for A.
Point B is at the 113%-161.8% extension of XA.
Point C is at the 113% extension of 0X and at the 161.8%-224% extension of AB.
2023 Tradingdesk for BitcoinFrom now i will have one main idea, and all the ideas as we reach cycle targets for the year will be updated in the thread.
I dont trade short term, keep in mind my ideas are longer term, and its boring.
We wait for the cycles to bottom and we wait once in the trade for the trade to mature.
Fallow, like and boost so you dont miss the updates.
BTC/USDT at the major zone near $30KHey guys 👋
New week is here which started pretty red where most of coins showed some liquidity hunt which seems ti be recovering for now. But what is the bigger picture here? Let's dive in in Bitcoin
If you ask us we did not expect the price of BTC to show any bullish signs near $20K zone which resulted all that bullish movement where we are currently. So what do we see? Well first thing we notice again is that EMA100 and EMA200 are way too far from market price which means we should see a smaller kind of pullback to lower zones soon (but not before we touch that upper resistance. So until we see that $30K zone we won't be looking much on BTC tbh.
But what do you think guys:
We have here 3 different zones where BTC can go ($37900 zone, $30500 zone and $18800 zone) Which one are you waiting the most?
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Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Continued Bearish Idea for BitcoinBitcoin did breakout above the trend line for the rising channel. However a bearish cross to the MACD is incoming and the Stochastic is oversold as well. Bitcoin needs to break above the 30k level and hold in order to flip the script of this long term down trend. If bitcoin is rejected, I can see support at 25K, 21K and then down to 15K. Should we lose 15K, expect a retest down to 8-10K level. On a Bigger Macro level the Monthly MACD is still in a bearish trend.
Strong RSI Divergence on the daily timeframe!Be careful, I just spotted a ***very strong*** RSI divergence on the daily timeframe.
The relief rally might (I said might, mind you!) be "about over" and price could easily turn downwards, correcting strongly in a Wave 2.
This would not impair the bullish scenario, which would remain in the table, should Wave 3 finally form thereafter.
Price looked headed towards 30,000 but,... will it reach such figure? It easily could though it might be running out of gas.
Be prepared to SHORT when the climax is reached.