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Bitcoinshort

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
BTC 1H - UPDATE: SHORT!!Following up on the BTC 1H chart - we can see BTC price falling steadily within the overall downtrend since May 19. We now see BTC falling in a downward trend within the overall BTC downtrend. BTC has been trying to make its' move to break above 35K but resistance is too great and with no real volume, BTC cannot pass the 35K for a real run up into the 40, 50, even 60. We won't see these high numbers for some months. We are in a bear market overall. As mentioned in my previous ideas, BTC did bounce out of the downtrend to hit around 34.5K then came right back down inside the downtrend again and now is under 32K. From this price, you can expect a few scenarios to be played out as indicated by the different colors on the chart, but again, if BTC is to break out from the downtrend, it should once again go as high as 35K then should come back down again. There just simply isn't enough volume as well as positive news out there that would enable BTC price to surge higher. SHORT ORDER: 32.2 - 32.5K SL: 32.8 - 33K TP: 30.5k, 29.5k, 28.8k Not financial advice. Good luck.
Short
by cryptoaddictkoh
Bitcoin targeting $33K, and dropping to $32K!!!BITSTAMP:BTCUSD Bitcoin as we know is overall bearish on Higher Time Frames. I mark off my daily balanced-price key-levels and look for support or resistance. Currently we are resisting a key balanced price level, the recent buy trend on the smaller time frames was a run on buyside liquidity to indicate manipulation and accumulation to ultimately distribute to the downside. Price offered 62% premium to sellers and we are currently seeing new orders being placed at $34,500 key level. Price will return back to $33,000 and ultimately drop through to $32,500. Marking off the mirrored ranges on the 1H indicates that this current range is fulfilled and the accumulation is coming to an end. Distribution will begin to unfold, targeting lower prices based on the resistance we are finding within the balanced price range from the daily level. If you notice on the 1H there are bigger mirroring-ranges (red ranges) that total roughly 1955 points each, and smaller mirroring-ranges (blue ranges) that total 1290points each. The current range has been completed at 1955 point roughly, so it is now time to get back in line with institutional order-flow and overall directional bias; thus, distributing back down to lower prices and beginning a new smaller mirroring-range. It is currently Monday morning in China as I right this at 10PM EST, which tells me we will see the Chinese version of NYC volatility tonight given China controls a lot of the bitcoin, "so I have heard at least." With all of this in mind, I am bearish on Bitcoin for a day trade/short term trade back down to $32,500.
BITSTAMP:BTCUSD
0
by UnknownUnicorn10943902
BITCOIN WAITING FOR NEXT BIG MOVE! Long & Short Entries!Bitcoin is in an indecision zone right now and we will need to see how price action evolves to see which direction the price is likely to head. What we can do now is to prepare for the possible scenarios so that we have a plan of action regardless of which way price moves. On the 15Min TF, price has broken above the 200MAs and if price comes back down to test the 200MAs at 33.2 and holds, then I will be looking for a potential long trade. The one thing that I am a bit concerned about is that there isnt a lot of space between the current swing high and the 200MAs. Ideally I would like to see move spacing so that there is more room for price to rally before hitting the first resistance/swing high. On the 1H timeframe, price is actually heading up to test the 200MAs as resistance at 34K. If price gets rejected here, then I will be looking for a potential short. s3.tradingview.com Given that the 15Min and 1H timeframes are giving us potentially opposing signals and could potentially be in the way of any trade entry (ie. 15min support in the way of 1H short or 1H resistance in the way of 15Min long), I would want to see extra strong volume to confirm the move for me to enter a trade. 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!
by cryptotraderog
4
Bitcoin Can Trade Below $28000 Again!Hi Traders, I have been bullish in my last few Bitcoin Elliott Wave analysis I published here. However, I'm having an alternative bearish view due to the recent price action. The rally from $28798 low seems to be unfolding as a double zigzag correction. The first zigzag is completed and the second is in the making with its circled wave b unfolding as a triangle. I'm expecting a rally higher to complete the wave (y) zigzag before any reversal. As long as the expected rally stays below black wave 4 high, black wave 5 will consider incomplete and might be unfolding as an ending diagonal. Price should extend lower with series of overlapping wave till it trades below the pink wave (i) @ $28798. What's your view on Bitcoin? Kindly let me know in the comment! Thanks.
BITMEX:XBTShort
by Veejahbee
3
BITCOIN FAKEOUT DUMPED TO SUPPORT: WILL 33.3K HOLD?In yesterday's post, I mentioned that it was important for Bitcoin to break above the 200MAs on the 4H timeframe at 36.3K. Failure to do so would likely result in a dump as price has been rejected multiple times from the 200MAs on the 4H timeframe. Moreover, should this rejection result in a close back within the triangle at 34.8K, then we will likely see further downward price action. Unfortunately, that is exactly what happened, as the breakout above the triangle was a false breakout and bull trap. Fortunately the move was large enough for us to secure profits. This goes to show how important it is to take profits, especially in rangebound conditions where price is likely to ping pong up and down. Now Bitcoin is back within the triangle and testing the bottom of the triangle. Price is getting very close to the apex of the triangle, so there will likely be a breakout sooner rather than later. I'm waiting for price to breakout before entering into a new position. If price breaks below the triangle, then 30K is back in play. If price breaks up again, then 36K is the immediate level that price needs to conquer. 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!
by cryptotraderog
4
BTC TO 9K MAKES SENSE! ZOOM OUT THE CHART TO READ IT BETTER :)Bitcoin is in a very easy to see bear market (making lower lows in a long period of time), with bullish news bitcoin continues to make lower lows without breaking 42-43k which would be a higher off of the previous 33k higher low which was a fakeout. It took the crypto market 4.6 trillion dollars to gain 1.43 s and then took 2 months for 1.43 trillion to leave the market, seems to me like a retail pump and institutional dump because they took 400-1200% off of there bitcoin buys which is how markets work, buy when its in red and boring for months long, let the retailers pump your bags from bullish and hype news. My TA is easy to follow its based off of two patterns, first is the psychology of a market cycle which is huge this cycle from the huge adoption of teens and adults investing without actually knowing how to buy and sell, with no planning, buy and sell based off hype and feelings in the market. The other pattern i used was the bar pattern which is a tool that tradinview uses where you can mirror the chart movements from previous data and lay it overtop of the current price action. I used the bar pattern from the 2017 all time high up until the 2020 all time high breakout. The start of the bear market in 2017 is exactly mirroing the current price movements. i have explained and layed out what I think will happen based off previous data and why on the charts so you can screenshot the chart and share the info with others which is bit easier to follow. Also when stock market crashes btc follows, i do believe all markets about about to crash and the world will go into a financial depression because of the fed printing like idiots non stop, it will be worse then a post world war due to housing crash because bank will sell off for them not being able to pay off loans. BETTER SAFE THEN SORRY CUTTING LOSSES IT BETTER THEN LOOSING MORE IN A VERY VERY UNCERTAIN FINANCIAL TIME! Please let me know what you guys thing bullish or bearish, and also back your arguments or its just coming out of your behind hehe. FUCK ELON!!!!
COINBASE:BTCUSDShort
by vithujan2002
9
BITCOIN: Shorting before a possible breakdownBTCUSDT in the 1HR has pierced above the 180 EMA, I believe a rejection will be coming soon pushing us back below it. Price will probably go back into the area of 33K to 32K, as we continue the build-up against support, before a possible breakdown. Based on my analysis on previous ideas (Linked below). I'm opening a short at 35.174 with a STOP LOSS at 35350. Let's see how this plays out. ALWAYS PRACTICE RISK MANAGEMENT, RISK MANAGEMENT IS VITAL TO TRADING.
Short
by CryptoEstratega