Get started

Bitcoinshort

BITCOIN: 40K Rejected for now?BTCUSDT has a pretty bearish scenario overhead with the weekly support in the thick grey lines and the Ichimoku cloud. Volume is also not looking pretty good as it continues a downtrend since mid April, with a substantial loss since the january levels (marked with the horizontal line). Based on all this, we will probably experience a drop towards mid or even lower levels of this range 29K to 42K, considering how many times support has been hit, it could also breakdown. I advise caution to all traders. RISK MANAGEMENT IS KEY AS ALWAYS.
BITSTAMP:BTCUSDShort
by CryptoEstratega
[Detailed BTC Analysis] Sentiments changes but Technical don't!From the past 2 months, Bitcoin has been moving in the Bearish trend and the market sentiments were also bearish since then. When BTC closed below 50 Week EMA, Elon Musk, Jack and others announced the Bitcoin Conference out of nowhere which created a pre-event FOMO in the market and started turning the market green although technical where bearish in zoomed out view. Last Sunday, there was fake news about Amazon that they're accepting Bitcoin. This boosted the Bullish momentum of Bitcoin but I, as an analyst, am not still bullish. Below are the REASONS WHY I AM NOT BULLISH ON BITCOIN : BTC Divergence: Since the fake Amazon news pump, Bitcoin's price action is not corelating with Relative Strength Index (RSI). We are watching higher highs and lows in BTC Price while lower highs and lows in RSI that clearly indicates that the the Bulls are getting tried and we might see price drop very soon. Declining Volume: Although we have seen the volume injection in Bitcoin on Amazon news but since then, it's constantly declining which again depicts something is fishy. Pattern: With Bearish Divergence, we usually see a bearish-biased seemingly upward facing pattern. In Technical Analysis, we call it Rising Wedge Pattern. This is exactly what BTC is moving in. There is a wide bullish channel in which BTC is moving but with declining momentum, BTC is also forming a smaller, slightly tilted bullish pattern. If we see both channels in common grounds, a rising wedge can easily be seen. EMA & MA EMA moves more closely with the price action that's why it is more used to do technical analysis in short-term but Moving Average (MA) is used for analyzing long-term trend. BTC's 200 Day Moving Average is around $44700 so, I think BTC can go to this level and know that this level is HARD! In 4hour timeframe, 21,50,100 & 200 EMA are acting as potential support levels. If BTC closes below 21EMA in 4h, it will move down to the next. Cloud Resistance & Support In daily timeframe, BTC is facing huge resistance from the the cloud while, in 4h timeframe, $33000 is the strong cloud support. If you have any queries, comment section is for you. Muneeb.
by syedmuneebali
4
WATCH OUT BITCOIN WILL FALL!!Goodmorning Folks, Unfortunately Bitcoin has a high probability of losing some gains in the coming hours/days. I hope I am wrong.. What we see at the 4 hour chart of BTC/USDT is that Bitcoin has rejected resistance 4 times now in the last day or so.. That is not good.. The last 2 candles forming are high wave candles with small bodies that implies indecision in the markets.. We lost direction about which way to go. The positive side here is that we have made a Golden Cross in the moving averages.. A golden cross is a cross in moving averages whereby the shorter moving average crosses above the long term moving average. In the chart is it 50 day MA crossing the 200 day MA. I expect price to fall back to the 1st support area.. To make at least a higher low preceding the earlier decline in price and then to rally back up again and try to fight resistance again. Other possible scenario is that we fall back to the 2nd support line to retest the earlier decline of 26th of July (4 hour chart). For now it can go either way but my feeling says when combining the technicals with the candlesticks it will fall back in price and will retest support areas to gain momentum back and retest the resistance. SO fasten your seatbelts.
Short
by MoneyMakingMuro
BITCOIN: VERY SMALL SHORTBTCUSDT has been on a WILD RIDE lately We have formed a triangle after the recent uptrend, I think we are having a false breakout right now and we are gonna close below this triangle. I'm mostly counting on massive selling pressure from the people that have been underwater for a while (those that bought at above 30K on the previous run. Then some more consolidation before we can move in any direction with some conviction. This is a SHORT TERM SHORT, meaning I don't plan to hold this for much longer, just catch most of the move down... ALWAYS PRACTICE RISK MANAGEMENT, RISK MANAGEMENT IS THE MOST IMPORTANT SKILL A TRADER CAN HAVE
Short
by CryptoEstratega
2
The bitcoin will continue fallingHi everyone! As I spoke in the previous idea, the bitcoin will srednesrochno continue the falling. I indicated in the last idea on the need of short-term correction which in my opinion comes to an end. On the chart it is visible that the price continues to move in a downside channel. After correction from the trend line, the price most likely will continue the movement down to the following support at the level of 22806. Also strong resistance where I placed stop loss on this idea is level 45662. Information provided is only educational and should not be used to take action in the market.
BITSTAMP:BTCUSDShort
by Yuriy_Kuznetsov
4
BTC/USD Today's Movements !!!Bitcoin apparently respected possible support near a bearish channel bottom zone. To think about buying moves, and to be more optimistic, we cannot miss the yellow line, which is between U$ 31,000 and U$ 31,500 In case we lose this important zone, we will spend a few more days in this lateral movement. Or resume the bearish movement. I believed that we would start a sharper downward movement, but with the call together with Elon today, prices were stronger than I expected in your opinion we will make a move like the one plotted in bullish green or bearish red, leave your opinion in the comments. I hope to be able to contribute to the reading of friends and if you have any suggestions below in the comments, we are here to always learn. I'm not the owner of the truth, this is just content based on my rationale. If you want to talk to me, send a message inbox, or click on the footer of this post! Disclaimer: The above comments reflect solely my opinion, this is not a buy or sell recommendation. Just a series of published studies, so that together with the community, we can discuss operational tactics and techniques. CLICK DOWN HERE!
COINBASE:BTCUSD
by leandrosander_
Bitcoin Weak Amidst Regulatory FUD!! Where to Long and Short?Bitcoin is currently weak/bearish, hence the "short" tag. Bitcoin failed to maintain its strength above 31.7K and fell below the 200MAs on the 15Min timeframe. Overall price is whipsawing between 34.3K and 31K, without a clear direction, which makes trading within this range quite tough and dangerous. One pattern that might be emerging is a head and shoulders pattern, which would be bearish if it is confirmed. So far the left shoulder and the head has been formed, with the neckline being at 31.1K. So if price breaks and closes below 31.1K, then the right shoulder would be formed and the head and shoulders would be confirmed, in which case I will be looking to enter a long trade. The 31-31.1K zone could also be a zone to trap bears, so I will also be looking out for a potential false breakdown setup, in which price closes below the support zone followed by a rapid recovery above the support zone. If that happens, then it could be a good long opportunity. Hi guys, this is OG back with another market update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. Check out my daily videos for more in-depth technical analysis and trade setups for Bitcoin, Ethereum, and Altcoins. Why follow? 1. Community of Technical Analysts sharing analysis and trades 2. Live tracking of whale wallet movements 3. Live update of the latest important news 4. Live syncing of popular crypto tweets 5. Ebook covering how to be profitable in the cryptocurrency market As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
Short
by cryptotraderog
12
BITCOIN IN DANGER OF FALLING TO 24K UNLESS BULLS STEP IN SOON!!This idea is labelled short to indicate that the current trend is bearish; this is not a signal to go short right now. Hi guys, this is OG back with another market update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. Bitcoin price action looks very weak the past few days. When Bitcoin finally managed to break above the 200MAs on the 15Min TF, it wasn't able to hold above. As I always say, reversals on larger timeframes start out on smaller timeframes, which is why I also trade smaller timeframes as it can sometimes give great entries. Unfortunately in this case, Bitcoin couldn't even conquer the 15Min TF. Now price is trading again below the 200MAs on the 15Min, and it is now overhead resistance. If price tests the 200MAs, at roughly 32.1K and again struggles to break through, I will be looking to take a short. If it can break through with strength and create some spacing between the price and the 200MAs, then I will start to flip bullish and look for long entries. On the downside, there is support at 31.1K. If price gets to that level and has a false breakout setup, in which price closes below the support and is then followed by a close above the support, then I will look for a potential long entry. I'm not sure which way price will go, but either way I will be ready to trade long or short if the right confirmations are in play. Prepare so that you can act when the time comes. Check out my daily videos for more in-depth technical analysis and trade setups for Bitcoin, Ethereum, and Altcoins. Why follow? 1. Community of Technical Analysts sharing analysis and trades 2. Live tracking of whale wallet movements 3. Live update of the latest important news 4. Live syncing of popular crypto tweets 5. Ebook covering how to be profitable in the cryptocurrency market As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
Short
by cryptotraderog
4