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Bitcoinshort

Will Bitcoin keep dropping? 😬👇😯Bitcoin along with most crypto has seen the market go bearish of late. Our script working on the day chart here triggered a sell alert back on the 20th of April. This was way before the big slump, this alert could of helped many back into cash before the bear market took hold. For any CFD traders of bitcoin this alert could of helped you closed any buy positions before entering the sell position. Entry details are shown on the chart for the current sell position. The big question is will bitcoin continue down and find that take profit target of ours? Strategy is set here working to a 1:5 RR and risking 1% of capital per trade. As with every idea I post trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. Interested in access to my strategy so you can be in these trades the moment they're valid? Drop me a DM . The stats for this pair are shown below too. Thank you. Darren
BITSTAMP:BTCUSDShort
by pow_removetheguesswork
Sub 30k soon? Been waiting for a while for this triangle to play out, but it looks like we've just about reached completion. Look at the RSI (white line indicator) while the price is bouncing in the triangle then breaks the support and retested the bottom twice now. I think that's wave E so I'm expecting a move lower soon. First target it 30k then 25k then 21,500 is my lowest target. Some people even say 13k but.... I think that would mean something is wrong Crypto is full of surprises though so do your own research. I just don't think we've really had that Panic mode yet where people think it's all over (which is when we buy, cause we're smart money... Or at least trying to be lol) ***Remember!! We are in the final stage. You need to decide where you're getting off this ride because we are in the final chapter of the 1st volume of the Bitcoin series. You can hodl... But you better be ready to hodl for 5-6 years and have that money fluctuate wildly as we deal with economic fallout of our government destroying our currency. ***Also remember, if you are leaving all your money as cash in the bank you may get destroyed. It doesn't matter if your deposits are FDIC insured if the dollars can't buy you anything. I recently bought physical silver and feel much safer even though everyone thinks it's a moronic thing to buy. That just makes me want it more! Not financial advice.
BITSTAMP:BTCUSDShort
by MonetaryRebel
9
CREEPY**Look at how the 1-2 year bull markets are exponential, but the larger trend is logarithmic!! Which kind of makes sense since they're literally opposites right?** The more I look at the long term BTC chart, the more I think I should stay the heck away from crypto. But I love some of my alts so I'll definitely keep my XLM, EOS, LINK, MANA and some others, but idk guys and gals..... This creeps me out. The % gain so far for this cycle is nowhere near the past ones which is bullish. But something tells me people are toooo confident in crypto. BTC was a great investment when everyone thought it was a joke. Now everyone thinks its the answer and just say "Diamond Hands". Well guess what bud? You know how long it takes diamonds to form? You know that they form from black crud under massive amounts of pressure and energy? I'm sure all of your hands will be diamonds after the pressure of this cycle reversal melts your faces into the ground.
INDEX:BTCUSDShort
by MonetaryRebel
3
BITCOIN - Is it over yet?! Make it stop!I'm sure many of you are tired of seeing BTC dumping, but I think we might be nearing the end of the downward price action for the near future. Overall, BTC has dropped 35% since its April 14th high of $65,000 and this latest plunge has lost 28% within a week. We can see the dumps are getting shallower which might suggest seller exhaustion. Right now the price action has been contained in this pink wedge I have outlined as it sits on lower channel support. I see a couple scenarios from here. Either: 1) Support holds and we break out to the upside of the falling wedge, 2) BTC breaks through the channel and catches support on the falling wedge where it bounces around $40k, or 3) we break through both support levels and move on to the $38k and lower levels. The lower we fall, the higher likelihood we wick. We have already fallen a significant amount, so I don't think we have too many more days left with the bears in control. Many alts vs BTC have very bullish structures forming, which also indicates to me that the worst might be over soon. I will be ready to jump into them as soon Bitcoin finishes its corrective ride down. Until then, I'm keeping my shorts and money in USD.
COINBASE:BTCUSDShort
by jpbrown1023
3
BTC/USD: Looking Bearish (short term)Overview: As many others might suggest, BTC's bull run and dominance has seemingly come to an end . Personally, I believe this was long over due. Its technology as a whole is fast, secure, and reliable; but when considering BTC relative to the thousands of other cryptocurrencies it is superior in popularity but not much else . Elon Musk recently commented on BTC's energy inefficiencies, as it is very costly to mine, and the negative effects it has on the environment. While he is a public figure, do not be so foolish as to think he is the one who is responsible for BTC's retracement... BTC has grown exponentially over the past year alone. It deserves a consolidation period and time for reconsidering its energy consumption. Elon is only pointing out what most of the experienced crypto traders already knew. Comparative Analysis: BTC's Dominance (shown in orange) you can see has peaked at the beginning of 2021, with a high of ~70%, and has gradually been tapering off to almost 40%, as of today. The Total Crypto Market Cap (shown in purple) has closely correlated with BTC's run. This was true until May 4th (highlighted in yellow) when BTC's dominance moved less than 50% and we see this correlation die off. Technical and Fundamental Analysis: Technical: BTC is started to look bearish on a decreasing monthly volume, reaching its March lows. BTC is starting to look bearish as it retests March lows. Could see lower lows if it fails to rebound on the retest. If we see a spike in volume without it rebounding back towards VWAP, BTC may be especially bearish short term. Looking at the Volume Profile (VP) the price level with highest volume is shown at ~$18,500 and this is where BTC might be headed Fundamental: Just looking at the energy efficiency of BTC, things look quite bearish. However, BTC adoption among investors, banks, the general public, and merchants is increasing rapidly. This is good news as BTC should start to stabilize and become less volatile. With the largest crypto market cap, ~$1 trillion, it likely wont see much growth in BTC until ETH, DeFi, and the other sectors within crypto catch up. Trading Discussion (NOT financial advice): Watch for lower lows and monthly volumes. If BTC gaps down in the coming weeks it may be wise to hold until it flushes back upwards and sell afterwards. There are many opportunities for growth even if BTC is bullish. For BTC lovers & HODLers continue holding as you please but do some research and see what developers are working on. If devs are working towards switching BTC from PoW to PoS or some other energy efficient protocol for validating the blockchain then see what that timeline looks like. If BTC does migrate to PoS then decide a good entry point right before the protocol is scheduled to migrate and you might find yourself in a great position for another bull run in the future. Chart Description: Symbol: BTCUSD Index (Bitcoin price in USD index) Comparing Symbols: CRYPTOCAP BTC.D (Bitcoin's % Dominance in Total Crypto Market Cap) CRYPTOCAP TOTAL (The total market cap of all cryptocurrencies) Indicators: Log scale Volume w/ 30d MA VWAP (anchored on the monthly) Volume Profile (180d)
INDEX:BTCUSDShort
by BowTiedJoe