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Bitcoinshort

Breakout or breakdown? I'm SHORT here is whyHi fellow traders, In this idea I have drawn daily supply and demand zones, although the zones of interest exist out of large ranges I think the combination of approaching both a long- and short-term supply zone and a forming rising wedge we are looking at a rejection from the 1h supply zone level. I will wait on the lower timeframe to confirm the rejection, ideally have a bounce of the bottom of the rising wedge acting as resistance. What do you think? Are we going to breakdown or breakout? Happy trading ^^
Short
by bnbusdt2021
Is Bitcoin's Correction a Sign of More Trouble Ahead?Yello, Paradisers! Are we witnessing a dead-cat bounce or the start of a stronger trend for #BTCUSDT? The recent movements suggest caution, and here's why you should pay attention. 💎#Bitcoin's plunge on August 5th has transitioned into a slow and steady corrective phase, hinting more at a dead-cat bounce than a robust new trend. The current market activity, marked by high volumes at both lows and highs, indicates that recent rallies are largely driven by short-coverings. 💎As Bitcoin approached the 57,250 to 58,250 range, price observed a spike in volumes followed by immediate rejection. If bulls continue to struggle against this resistance in the coming hours, Bitcoin could see a fresh wave of selling that might initially push prices down to 55,200 and potentially towards 54,000. 💎Historically, long lower or upper wicks are usually filled due to market inefficiencies. Should this scenario unfold and the decline halts around the 52,000 to 50,000 levels, it could set the stage for a short to medium-term bottom for Bitcoin. 💎However, a breach of the 49,800 support level could trigger another selling round, potentially dragging prices much lower to the 44,325 to 43,420 range. Stay vigilant and trade smart, Paradisers. Understanding these critical levels and market reactions is key to navigating the next moves. MyCryptoParadise iFeel the success🌴
BITSTAMP:BTCUSDShort
by MyCryptoParadise_Jack
BTC/USD: Critical Breakdown and Bearish OutloookThe COINBASE:BTCUSD daily chart continues displaying a significant bearish sentiment. Key Technical Points: Support Levels: 1. Target 1: The price has reached the first target around $48,000. 2. Target 2: If the bearish momentum continues, the next support is around $36,000. Support Levels: - Immediate Resistance: Previous support at $52,000 is now acting as support. Moving Averages: - 200 EMA: The price has broken below the 200 EMA, a bearish signal indicating potential further declines. Bull Flag Potential: - Descending Channel failed: The price is within a descending channel, typically a continuation pattern. A breakout above the channel could signal a reversal to the upside, but currently, the trend remains bearish. Outlook: - Bearish Continuation: The break below the 200 EMA and reaching Target 1 support around $48,000 indicates a bearish continuation. The next potential target is $36,000, where significant support lies. Conclusion: BTC is currently bearish, breaking below crucial support levels and the 200 EMA. Watch for any signs of a breakout from the descending channel for a potential reversal, but the immediate outlook remains bearish with the next target at $36,000.
COINBASE:BTCUSDShort
by CryptoFallen
Pay close attention to btcWith the fed meeting saying that rates will remain unchanged i think this is bullish for the DXY and it goes opposite with btc too, considering that and the fact that we got rejected on 70k with a hard rejection, furthermore we might need to consider additional things. Geo politics can have a great impact on BTC as we have seen how it dipped when iran responded previously. Now that the prominent hamas head has been killed in iranian soil, iran is bound to strike back as revenge and this time it will be far worse. my advice is to sell your holdings and buy the dip for a better position onwards. Good luck!!
BINANCE:BTCUSDShort
by Ahmed112
4
Bitcoin Analysis Saturday, July 6, 20241. Current Situation Bitcoin is experiencing a significant downturn, reaching levels not seen since February. The primary concern is how much further it can drop, with potential for a short-term bounce. 4. Current Price Action and Short-term Projections - Bitcoin has already seen a 25% move to the downside from its recent high. - Short-term projections suggest Bitcoin could drop further, with the downside target between $45,000 and $47,000. 6. Potential Scenarios - **Best-case Scenario**: Bitcoin finds support around $45,000 to $47,000. - **Worst-case Scenario**: Bitcoin drops below $40,000, potentially to $39,000. 7. Time Frame Analysis - Average time to find the next major low based on historical data is 36 days from the last high. - Currently, Bitcoin is around day 30 of this cycle, suggesting more downside movement is likely. 8. Short-term Bounce Potential - Bitcoin is resting on the 55 exponential moving average on the five-day timeframe, hinting at a possible short-term relief rally. - Short-term bounce targets could be around $55,000 to $56,000, but likely short-lived. 10. Conclusion and Recommendations - The overall trend is still to the downside. - Short-term bounces are possible but should not be mistaken for a trend reversal. - Long-term investors should be cautious and consider potential further drops. 12. Market Sentiment - Generally bearish, with technical indicators pointing to further downside. 19. Support and Resistance Levels - **Support**: Around $45,000 to $47,000. - **Resistance**: Around $56,000. Final Thoughts The Analysis emphasizes caution for Bitcoin holders, highlighting the potential for further downside despite short-term bounce possibilities. Long-term support levels around $45,000 to $47,000 are crucial, with a worst-case scenario possibly seeing Bitcoin below $40,000. Investors are advised to stay vigilant and consider the broader bearish sentiment.
BITSTAMP:BTCUSDShort
by alcoholic-semen-thrower
The Trump Trade - Inverted BTC#mythoughts As the 2024 U.S. presidential election approaches, former President Donald Trump's staunch support for Bitcoin (BTC) and the broader cryptocurrency ecosystem is shaking up the political and financial landscapes. Trump's pro-crypto stance, which marks a stark contrast to his previous skepticism, is expected to have a significant impact on the prices of BTC and other digital assets in the coming months. Trump's recent speech at the Bitcoin Conference in Nashville outlined his ambitious plans to make the U.S. the "Bitcoin superpower of the world" and the "crypto capital" of the globe. His pledges, if implemented, could significantly reshape the regulatory environment for the crypto industry. Key elements of Trump's crypto agenda include: 1. Firing SEC Chairman Gary Gensler on his first day in office, signaling a more industry-friendly approach to regulation 2. Forming a crypto advisory council to provide expert guidance on crafting crypto-friendly policies 3. Holding a strategic national stockpile of Bitcoin, with the U.S. government currently owning over 200,000 BTC 4. Commuting the sentence of Ross Ulbricht, the creator of the Silk Road marketplace, who is serving a life sentence for his involvement with the platform Trump's embrace of crypto is expected to attract a significant number of BTC holders and miners to his campaign, both in terms of political support and financial contributions. As a result, many analysts predict that BTC prices could experience a significant rally in the coming months, potentially reaching new all-time highs. However, some market participants are positioning themselves for a potential correction in BTC prices leading up to the election. The recent launch of Asia's first inverse Bitcoin ETF by CSOP Asset Management in Hong Kong suggests that some investors are betting on a potential decline in BTC prices . The inverse BTC ETF, which allows investors to profit from a decrease in BTC prices, could be a hedge against the potential volatility in the crypto markets as the election approaches. The launch of this product in Hong Kong, a major financial hub, underscores the global interest in the U.S. election and its potential impact on the crypto space. It's important to note that the "Trump Trade" is not limited to BTC alone. Trump's pro-crypto stance is expected to have a ripple effect on the entire cryptocurrency market, potentially boosting the prices of other major digital assets like Ethereum (ETH). The recent debut of the first spot Ether ETF in the U.S., which saw over $107 million in trading volume on its first day, highlights the growing institutional interest in the crypto space . In conclusion, as the 2024 U.S. presidential election approaches, the "Trump Trade" is set to reshape the crypto landscape. Trump's support for Bitcoin and the broader crypto ecosystem is expected to attract significant investment and attention to the space, potentially driving BTC and other digital asset prices to new heights. However, some market participants are positioning themselves for a potential correction, as evidenced by the launch of the inverse BTC ETF in Hong Kong. Regardless of the outcome, the 2024 election is poised to be a pivotal moment for the crypto industry, with lasting implications for the future of digital assets in the U.S. and beyond. Citations: coingeek.com www.bloomberg.com www.finews.asia www.bloomberg.com cointelegraph.com
Short
by Carpi
2
Bitcoin Daily Timeframe - Daily UpdatesBitcoin is currently trading at transition prices. I am sharing a chart that highlights key price levels and potential scenarios for both short and long positions. I will provide daily updates on BTCUSD. Key Price Levels: Using the Fibonacci series: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, we derive the following levels: 0.5*(55+89)=72 72−55=17 0.5*17=8.5 Thus, the key levels are: 55K, 63.5K, 72K, 80.5K, and 89K. Long Scenario: The current price is 68.2K. According to the downtrend line, the main resistance is at 72K. If Bitcoin penetrates this level, it opens the path to the first target of 80.5K and the second target of 89K, which is the upper side of the uptrend channel on the weekly timeframe. Short Scenario: If Bitcoin fails to penetrate the 72K level, it will likely retest the support at 63.5K. I will provide updates as the situation evolves.
CRYPTO:BTCUSDLong
by Eymen-GUVEN
BTC Breakdown After Failed 5th Attempt at New ATHWe've been watching the upper trendline for weeks and saying that since breakouts usually happen on the 3rd or 5th attempts... That a failure (which we just had) to break above the upper trendline shown here or to ATH on this attempt, would likely lead to a deeper correction which we're starting to see. Plus our custom indicators have all rolled over to Red. Currently it's looking like $62k is next support block of buyers. Some are speculating that was the top, and whale sellers are front-running a recession. But comparing this year's chart looks a lot like prior Bitcoin bull-runs, just before the parabolic rise happens. Specifically like 2016, when there was months of stagnation near the old high.. Just before the big explosion in price. What do you think??
COINBASE:BTCUSDShort
by BrettFogle
1
BTCUSDT Forms Bearish Head and Shoulders: 5% Downside Target in Bitcoin (BTCUSDT) is showing a classic bearish head and shoulders pattern, signaling a potential trend reversal. This technical formation, considered one of the most reliable trend reversal indicators, suggests that the current bullish trend may be nearing its end. The pattern consists of three peaks, with the middle peak (the head) being the highest, flanked by two lower peaks (the shoulders). As the price breaks below the neckline, it confirms the pattern and indicates a likely downward movement. Key points to consider: Pattern confirmation: Watch for a decisive break below the neckline. Entry point: Consider entering a short position upon neckline breakout. Stop loss: Place a stop loss just above the right shoulder for risk management. Profit target: Aim for a 5% downside move from the breakout point. Traders should exercise caution and use proper risk management techniques, as no pattern is guaranteed to work every time. Always conduct thorough analysis and consider multiple factors before making trading decisions. #Bitcoin #BTCUSDT #CryptoTrading #HeadAndShoulders #TechnicalAnalysis #BearishPattern #CryptoMarket #TradingStrategy #CryptoTrends #RiskManagement
BINANCE:BTCUSDShort
by XTradeSetup
47k Coming for Bitcoin?$Bitcoin #CME 1D chart; The gap formed by the opening last week has not yet been filled. I think the rise will not start before this place is filled. The Bat Harmonic structure, which is also formed in the current structure, points us to $ 47k levels. It is difficult to say anything clear if it will come true. However, we should not forget that this possibility also exists. Bitcoin had received an upward reaction with the support it received with its last visit to the IMB level. However, as can be seen, it has not yet made any contact with the IMB zone at $ 47k levels. It doesn't always touch these areas, of course, but why not:)
CME:BTC1!Short
by ugurtash
BTCUSDT.1DIn my rigorous analysis of the BTC/USDT daily chart, I explore various technical dimensions that help in shaping an effective trading strategy. Current Market Position: The price of BTC/USDT is currently at $64,002, reflecting a 1.60% decrease in the latest session. This movement indicates significant volatility and necessitates an in-depth technical examination to predict future directions. Trend Analysis: BTC has shown some consolidation after a bullish run, evident from the trading range defined by several key resistance and support levels. The recent price behavior suggests a struggle between bears and bulls to establish control. Support and Resistance Levels: S1 at $58,923.16 and S2 at $53,398.13: These support levels are crucial. A break below S1 could indicate a bearish downturn towards S2, whereas stability or a bounce at S1 might suggest continued consolidation or an upward reversal. R1 at $67,571.03 and R2 at $74,056.94: R1 is the immediate resistance, with R2 providing a higher target in case of a bullish breakout. Surpassing R1 would potentially open the way for a test of R2, signaling strong bullish momentum. Technical Indicators: Relative Strength Index (RSI): The RSI at 58.25 shows that BTC is neither overbought nor oversold, hovering near the midpoint. This suggests a potential for either direction, depending on market forces and upcoming news or economic data. Moving Average Convergence Divergence (MACD): The MACD line is above the signal line but shows signs of converging. This could indicate a weakening bullish momentum or a potential bearish crossover if the trend continues. Strategic Trading Insights: Given the current market setup, my strategy would involve a balanced approach. I would closely monitor the price action near the support level of S1 ($58,923.16). Holding above this level might offer a buying opportunity, anticipating a potential test of R1 ($67,571.03). Conversely, a breakdown below S1 would warrant caution, potentially adjusting positions to prepare for a further slide towards S2. For entry, I'd consider a long position if there's a clear bounce from S1 with adequate volume support, setting a stop-loss just below S1 to mitigate risks. On the flip side, should the price break below S1 convincingly, I'd explore short positions, targeting S2 while maintaining a tight stop above the broken support. Conclusion: The BTC/USDT trading pair presents a complex scenario with significant levels at S1 and R1 likely to dictate the short-term market trend. Traders should stay alert to these pivotal levels and adjust their strategies based on solid technical signals and market dynamics. Implementing stringent risk management and keeping abreast of market news are imperative to navigate the anticipated volatility effectively.
Short
by MarsSignals
BTC Bearish Pattern in Weekly ChartAfter a long time, BTC has been dropped with weekly candle below bottom line of Pi cycle average line. This is a bearish pattern based on the history. Now resistance is around 65000. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
INDEX:BTCUSDShort
by rukshan2102
25/6 update to yesterday update: BTC 9:00 UTC-4 18/6/2024 Short Hello everyone, looks like yesterday's call: "In my opinion, there is still potential to move to Lower prices, but we need to take a close look at how the price will behave around 1M ATH Close price @ 61.375$. If we are able to blast through it, my next expected target would be 58.500$." - comes to fruition once again. Extra 5% in the bag for those who stuck with trade at least partially. So what's Next? As we can see, after we arrive at our target 58.500$ we got immediate bounce back to the price I told you to keep an eye on. Reason Why I already mentioned several times in my previous posts. As for my next trade, I can still see odds in favor of continuation to Lower price targets - 58.500$ again and depending on How it will act around that price on a 1-5-15min chart determine if we can see further bleeding or we bounce and revisit Higher price. So for now, I'm of the opinion that if we reach around 61.375$ to 61.500$ again it would be still a great Short entry area. Having in mind that I will be using STOP LOSS around 61.850$ as protection in a case I'm WRONG and we go to the "bounce target" I mentioned yesterday which is around 63.8k$-64.2k$. If that happens, that would be my New Short Entry area. Good luck in your trading Joe
INDEX:BTCUSDShort
by cryptocapitaltrading
BTC update to: BTC 9:00 UTC-4 18/6/2024 Short TradeHello everyone, Looks like our trade was delivered even though it took longer than was expected. So everyone who took the same trade, congrats on your profits! Aswell, I would point out How after I called for a lower price we went lower by around 1.85%, and How after that we visited the price I expected that is possible to reach for a great Short entry around 66.478$ (not so far from 66.500$) before our move unwind. With that said, I hope everyone who took the same trade already took some profits off to pay the trader. Now, to the harder part. And that's How to manage correctly trade if you still left some portion of your Short entry open. In my opinion, there is still potential to move to Lower prices, but we need to take a close look at how the price will behave around 1M ATH Close price @ 61.375$. If we are able to blast through it, my next expected target would be 58.500$. On the other hand, if in the upcoming hours price struggles to go lower than 61.3-61.5k$, I would expect it to bounce back a few % and that would be an opportunity to Open New Short trade. -> (around 63.500$ to 64.200$) I will update further once I get more confirmation about What is more probable to happen next. Joe
INDEX:BTCUSDShort
by cryptocapitaltrading
[LONG] Blue means go (again) Tokenfi's TOKEN ### RSI Analysis on TOKEN from Tokenfi #### Overview The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It oscillates between 0 and 100 and is primarily used to identify overbought or oversold conditions in a market. Generally, an RSI below 30 is considered oversold, and an RSI above 70 is considered overbought. #### Current RSI Reading As of the latest analysis, the daily RSI for TOKEN from Tokenfi is reading at 11.25. This extremely low RSI value suggests that TOKEN is deeply oversold. #### Historical Performance and Patterns Historically, TOKEN has shown a tendency to rebound strongly from oversold conditions as it makes its way into overbought territory, often indicated by the PMAR (Price Move Average Range) or PMARP (Price Move Average Range Percentage) metrics. Let's delve into what this could mean for the current market situation. #### Analysis 1. **RSI at 11.25**: This is an exceptionally low reading, significantly below the traditional oversold threshold of 30. It indicates that TOKEN has been aggressively sold off, potentially due to market overreaction or broader market downturns. 2. **Historical Rebounds**: Observing past performance, TOKEN has demonstrated a pattern of substantial price increases following periods of being oversold. These rebounds often propel the RSI from the oversold territory into the overbought range (typically above 70). 3. **Potential for a Pump**: Given the current RSI of 11.25, there is a strong potential for a significant upward price movement. Historical data supports the notion that TOKEN often experiences sharp increases in buying pressure once the RSI reaches such low levels. 4. **PMAR / PMARP Indicators**: As TOKEN begins to recover, monitoring the PMAR and PMARP indicators will be crucial. These indicators can provide additional confirmation of the strength and sustainability of the upward movement. Typically, as TOKEN approaches these overbought territories, further analysis using these metrics can help in decision-making for profit-taking or continuing to hold. #### Conclusion The daily RSI reading of 11.25 for TOKEN from Tokenfi suggests that the coin is currently in a deeply oversold state. Based on historical patterns, this condition often precedes a significant price rally. Traders and investors should keep a close eye on the RSI and PMAR / PMARP indicators as TOKEN has a high likelihood of moving from its current oversold condition towards the overbought territory, potentially offering substantial gains. #### Recommendations - **Entry Point**: Given the RSI is at an extreme low, this could be an opportune entry point for those looking to capitalize on a potential rebound. - **Monitoring**: Regularly monitor the RSI and PMAR / PMARP metrics to gauge the strength of the recovery and identify optimal exit points as TOKEN approaches overbought conditions. - **Risk Management**: As always, employ proper risk management strategies and consider setting stop-loss orders to protect against further downside risks. By staying informed and vigilant, traders can potentially take advantage of the oversold conditions in TOKEN and position themselves for gains as the market corrects itself. TOKEN, the revolutionary cryptocurrency from TokenFi, the creators of FLOKI, has been making waves in the market with its unparalleled success. By providing a simple, all-in-one platform for creating tokens and tokenizing Real World Assets (RWAs) without requiring any coding knowledge, TOKEN has democratized access to the lucrative tokenization and RWA market, projected to reach $16 trillion by 2030. Unmatched ROI and Constant Growth TOKEN's innovative approach has resulted in consistent large ROI, making it an attractive investment opportunity for cryptocurrency enthusiasts. By allowing users to launch their own ERC20 (or BEP20) compliant tokens on multiple popular crypto chains, including +3 EVM compatible blockchains, TOKEN has opened up new avenues for token creation and RWA tokenization. Comprehensive Features and Tokenomics TOKEN's Token Launcher offers a range of features and tokenomics to customize your token, including: 1. **Treasury Fee**: Collect and distribute fees to the project's treasury wallet. 2. **Burn Fee**: Make your token deflationary by burning tokens on transactions. 3. **Reflection**: Automatically redistribute fees to all token holders. 4. **Buyback Liquidity**: Ensure long-term price stability and value growth. 5. **Liquidity Setup**: Create a liquidity pool on major decentralized exchanges. Generative AI for NFTs TOKEN also offers the power of Generative AI for NFT launches, enabling users to create high-quality artwork quickly and easily. This cutting-edge technology has streamlined the NFT creation process, making it more accessible and efficient. TOKEN's unprecedented success is a testament to its innovative approach to token creation and RWA tokenization. With its user-friendly interface, comprehensive features, and impressive ROI, TOKEN is an attractive investment opportunity for those looking to tap into the growing tokenization and RWA market.
UNISWAP:TOKENWETH_C7E6B6.USDLong
by Henrywaters
[LONG] Reputable news sites say BTC is 7 days away from going up**Technical Analysis: Bitcoin (BTC) Daily Chart** **Current Market Situation:** Bitcoin (BTC) is currently trading at a critical support level, with the daily chart indicating a high likelihood of a reversal in the near term. The Relative Strength Index (RSI) is hovering around 30, signaling that the cryptocurrency is approaching oversold territory. **Oversold Conditions:** The RSI, a popular technical indicator, measures the speed and change of price movements. A reading below 30 typically indicates that the asset is oversold, suggesting a potential rebound. With BTC's RSI hovering around this level, it's likely that the selling pressure will soon subside, paving the way for a potential rally. **Support Level:** The last lowest support level was $59,000. This level has been tested on multiple occasions, and a bounce from this $63,100 could propel the cryptocurrency higher. **Bullish Sentiment:** Reputable news websites are reporting that a BTC price surge is imminent, with some sources suggesting that the cryptocurrency is just 7 days away from a significant upward move. This bullish sentiment, combined with the oversold conditions on the daily chart, creates a compelling argument for buying BTC at current levels. **Buying Opportunity:** Given the confluence of oversold conditions, support at $63,100, and bullish sentiment, now is an attractive time to consider buying BTC. The cryptocurrency's price is likely to rebound from this level, and with the next potential low already established at $59,000, the risk-reward ratio is skewed in favor of buyers. **Conclusion:** In conclusion, the technical analysis suggests that BTC is on the cusp of a potential reversal, with oversold conditions and a robust support level at $59,000. The bullish sentiment and imminent price surge reported by reputable news sources further reinforce the case for buying BTC at current levels. With the stars aligning in favor of a potential rally, now may be an opportune time to enter the market.
Long
by Henrywaters