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Bitcoinshort

COIN - Reckoning Incoming?COIN has been on an epic run. What goes up must come down as they say... but Bitcoin is at 73k tho bro. Just think of all the people who bought when it was at ~$50. A lot of institutional investment decided they were not going to miss out crypto this cycle and anticipated the run up. They are definitely going to take profits now that they are up almost 400% and they are also going to make sure to take advantage of the recent upsurge in retail interest and start selling into the momentum.
NASDAQ:COINShort
by Goontata84
9
Bitcoin Has Reached Its Peak: Consolidation Above $60K Required Based on technical analysis and the application of Fibonacci slope/angle techniques, Bitcoin appears to have reached a temporary peak at $70,000. The Fibonacci sequence, a set of numbers where each number is the sum of the two preceding ones, is often applied in trading to identify potential support and resistance levels, as well as trend reversals. When translating these concepts into angles or slopes on a price chart, analysts can predict areas where price momentum may stall or reverse. For Bitcoin, the climb to $70,000 has aligned with a critical Fibonacci angle, suggesting that this level may serve as a temporary cap on its price momentum. To sustain its upward trajectory, Bitcoin now requires a period of consolidation, particularly above the $60,000 mark. This consolidation phase is crucial for building a strong support base that could enable Bitcoin to launch its next leg upwards. Without establishing solid support above $60,000, Bitcoin's path to higher levels may be fraught with volatility and potential pullbacks. Investors and traders closely monitoring these Fibonacci indicators will be looking for signs of consolidation as a key factor in assessing Bitcoin's ability to continue its ascent in the near future.
COINBASE:BTCUSDShort
by uoi2020
7
BTC LOCAL ANALYSISAn “OB” appeared before the ATH, indicating a noticeable reaction in that range. This involves deliberately containing further price movement, which is likely to lead to the accumulation of significant bullish positions for subsequent dumping in the opposite direction. In this range, potential entry points can be searched based on confirmations from 15m ltf I am inclined towards a more possible scenario, this is a correction to the initial FVG target in the range of 58120 to 57000 , which reflects the current decline of about 15%! The BTC distribution process is expected to take several days to allow liquidity to accumulate.
Short
by truepersonal
Bitcoin 💵:Navigating the Perils of Market SpeculationThe Temptation of the Bitcoin Mirage Ladies and gentlemen, In the vast and volatile landscape of financial markets, one phenomenon has captured the imagination of investors and speculators alike: Bitcoin. The allure of quick riches and the promise of a decentralized future have propelled this digital currency to unprecedented heights. However, amidst the fervor and frenzy, it's imperative to recognize the inherent dangers lurking beneath the surface. The meteoric rise of Bitcoin has been nothing short of astounding, but history has taught us that what goes up must eventually come down. The danger lies not only in the potential for astronomical gains, but also in the very real risk of catastrophic losses. Market speculation, fueled by greed and fueled by fear, has the power to distort reality and lead to irrational exuberance. We've witnessed the wild fluctuations of Bitcoin, soaring to dizzying heights one moment, only to plummet to earth-shattering lows the next. This rollercoaster ride is not for the faint of heart, and those who dare to participate must tread carefully. The allure of quick profits can blind even the most seasoned investor to the fundamental principles of prudent financial management. It's easy to get caught up in the hype, to chase the next big thing without fully understanding the risks involved. But make no mistake, the danger is very real, and the consequences can be devastating. As we navigate these treacherous waters, it's essential to exercise caution and restraint. We must resist the urge to succumb to the herd mentality, to follow the crowd blindly into the abyss. Instead, we must approach the market with a healthy dose of skepticism and a keen awareness of the risks at hand. Bitcoin may indeed hold the promise of a decentralized future, but it also embodies the dangers of unchecked speculation and market volatility. The road ahead is fraught with peril, but with careful navigation and prudent decision-making, we can steer clear of the pitfalls and emerge stronger on the other side. In conclusion, let us not be seduced by the siren song of easy riches, but rather, let us approach the market with humility and foresight. The dangers are real, but so too are the opportunities for those who dare to tread carefully. Thank you.
BITSTAMP:BTCUSDShort
by TrojanBible
Bitcoin available scenarios 💹 © Alt-Season®🎉For me , there are two scenarios ahead of Bitcoin 1️⃣ The price will reach a new ATH and start falling from a level that only the market maker knows (Diamond) , which after the new ATH, we should look for signs of falling in lower time frames. 2️⃣ The price should be rejected from this QM level (the level in which it is located), which is necessary for Bitcoin to be sidelined for at least a month or two to clear the market maker's purchases. 📌 Fail Analysis: price goes to higher levels ( more than three-month candle ATR) without any consolidation 🥂 Still enjoy the alt season at this level
Short
by forexvid
I Can't Believe It. I've Gone Short on Bitcoin!Traders, True to form, though I rarely do this anymore, I’ve gone short on Bitcoin. My entry was immediate after hitting that resistance level at $60500 which I discussed in the last post. Target will be $48,300 Stop out will be about $63,000 RRR is nearly 5/1 I am confident here so I’ve risked nearly 50% of the trading portfolio. But I will definitely be taking profits at every level (see chart above) along the way. Best, Stew
INDEX:BTCUSDShort
by stewdamus
5
Correction on BTC soonFor the larger Fibonacci retracement, the key levels appear to be 0.382 ($42,908.91), 0.5 ($39,779.67), and 0.618 ($36,650.43). These levels are derived from a significant swing low to a significant swing high, often used to predict the extent of a retracement after a market move. The smaller Fibonacci retracement levels are not explicitly labeled but are likely drawn from a more recent and minor swing high and low, which traders might use for short-term trading opportunities or to fine-tune entries and exits. The candlestick patterns indicate a consolidation phase after a strong uptrend. The latest candles have shorter bodies with long wicks on both ends, suggesting indecision in the market. This type of price action can often precede a reversal or a continuation of the trend, depending on subsequent candle formations and supporting volume.The presence of the long wick candles at the top of an uptrend may suggest a potential for price reversal, often referred to as 'shooting stars' in candlestick terminology. However, without clear bearish confirmation following these candles, it is not a definitive indication. The liquidity zones marked suggest areas where traders expect price to react. The upper liquidity zone is likely an area where traders anticipate sell orders might be clustered, and the lower liquidity zone suggests an area where there may be a concentration of buy orders.
COINBASE:BTCUSDShort
by BitcoinAtreides
Bitcoin can drop to 49694 USDBTC 1D chart presents two sets of Fibonacci retracement levels. The thicker lines correspond to the broader price range, with the key 0.618 Fibonacci level situated around $50,800. Potential further supports are at the 1.272 and 1.414 Fibonacci extension levels, which lie around $49,300 and $49,100 respectively. The thinner lines represent a shorter price range, mapping out an ABC correction structure where wave A is the initial downward move, B is a retracement, and a potential wave C could bring the price down to the 1.618 level near $49,694 if the current consolidation resolves to the downside. Price is currently hovering around the 0.382 level of the shorter Fibonacci range at approximately $51,100, suggesting this area as a current resistance. A breakthrough this level could lead to tests of higher resistance levels. The RSI is below the 50 mark, indicating bearish momentum, and the MACD is under the zero line, confirming the negative momentum. Monitoring price behavior at these levels will help assess the strength of the bearish trend and potential subsequent price movements.
Short
by CryptoDiabloo
BITCOIN - 4h breakdown Update to Weekly Outlook 20/02/24'Hello everyone, just a quick update to Yesterday Weekly outlook.. 4h Idea Breakdown chart: Reasons WHY Short in next 0 to 48 hours: 1 - is Lower Close then 2 2 - is Highier Close then 3, BUT it have Lower Candle High 3 - have Lower Close then 2 and Last Green Candle, BUT in the same time have Highier Candle High __________________________________________________ These are Reasons WHY I believe we are about to Short in next 0-36(48) hours at least & WHY I was yesterday slightly more bearish then bullish, but since it developed as it did, it gave me more confirmation and confidence that we are about to go Lower (Short market). Aswell, if you decide to take a trade, DONT FORGET TO USE STOP LOSS, for your own good. Hopefully, this helps some of you with your perception of market. If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks Joe
INDEX:BTCUSDShort
by cryptocapitaltrading
Bitcoin With the Expected Pullback but How Far?Bitcoin has given us our expected pullback and now we must look at the support side to study which supports will hold price and for how long?The first option, as of this post, is that the pullback will only last till Tuesday (U.S. stock markets are closed Monday) and then the buyers come back via BTC ETFs. If this is the case, it may also mean that our RED ascending trendline, which currently sits at around 50,300, may hold. If our RED ascending TL holds, there is a likelihood we go to 56k before more pullback. Our second scenario is that the TL breaks and we drop to 48k before more buyers jump in. This is my hope because it represents the best technical options. I’d like to see a retest and hold of our 48k price level. And if we hold, I see the upward longer-term trend continuing for some time.Of course, we could always break 48k support. This is our third scenario. If 48k support breaks, we do have a lot of support underneath us and I don’t see us dropping much below 42k before demand kicks back in. Remember, ETFs are currently demanding 12x+ more than BTC miners can provide. This is on a liquidity ratio of 1 to 4, meaning that something like less than 25% of all Bitcoin in current circulation is even available for trading. Simple math here suggests a near impossibility to drop to 20k or lower again as some analysts are suggesting. Even 31.6k, as I had previously suggested (this was before ETFs were actually confirmed and approved) is now somewhat of a bygone dream. But with current U.S. geo-political policy as disastrous, devastating, disgusting, and destructive as it currently is, it remains a possibility. Anything that brings the price to that level will almost certainly be news-driven at that point in my opinion. Other indicators that we must consider are the strength of the U.S. dollar and the status of the U.S. stock markets. The dollar (below) continues its rise in strength to that 105.6 target level as predicted many months ago. Once achieved, back down we’ll go. Dollar weakness is almost always reflected in market price which then trickles over into our crypto space. But even more so does this last part ring true with the advent of BTC ETFs in the space. If the dollar does as I have expected and drops once it hits or nears that 105.6 resistance level, the meltup that I predicted a year and a half ago now, will continue onwards and upwards to even greater highs. Many markets and indices have already achieved all-time highs. This melt-up should continue into mid-late summer. But somewhere before September you can expect it all to end and come crashing down. Bitcoin would then follow at that point but from what price level and to what extent is yet obviously unknown. I do believe Bitcoin reaches at least 80k by mid-late summer. Any sort of crash from that point could bring us quickly back down to 48k or lower. But, I don’t want to speculate price action too dogmatically that far into the future. What I am fairly sure of is a blow-off top (already happening in U.S. stock markets) and then a fairly severe pullback (potential crash) sometime around or before September of this year. This is what I am attempting to prepare myself and those who follow me for. Now lastly, in terms of my current trades, I have taken profits on most and been stopped out of others at or just above break even. I mainly did a just-above-break-even SL for psychological benefit as it shows green on my spreadsheet (insert smiley emoji). Once I have ascertained to a greater degree where this current pullback will find support, I will begin looking for new entries again.
INDEX:BTCUSDLong
by stewdamus
BTC - Follow THIS Path to the HALVING📉Hi Traders, Investors and Speculators of Charts📈 If you have been following me for a while, you'll know I've been saying we are trading in the opening moments of a new bullish cycle. I've also referred to this as Elliot Wave Theory Wave 1. According to my plan, this is the first impulse wave towards the upside. But the upwards wave are always followed by correction waves; a natural part of any cycle. I expected the second impulse wave (2-3) to happen very close to or just before the BTC halving, which is set to happen in April. This is based on a previous analysis that I did where we made a conclusion based on the price action of the previous BTC halvings before, during and after. 👉 Macro Analysis Bitcoin is due for that 30% correction / pullback. Even dropping to lower 30K zone would still be a lower high, classic Elliot Wave Theory before the next upwards impulse wave, which is the biggest ( wave 2). This will fall exactly on the white diagonal trendline, which is our support zone. 👉 Technical Indicator Analysis Our technical indicator is still bullish, but showing "Overbought". In a higher timeframe, this usually means it can carry n for some time - but a pullback is imminent before another impulse upwards. NOTE that I am BULLISH on BTC. We're in the opening moments of a new bullish cycle, but there are pullbacks and corrections in upward cycles - and I'm expecting that we're currently trading in impulse wave 0-1. If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BITSTAMP:BTCUSD COINBASE:BTCUSD INDEX:BTCUSD INDEX:BTCUSD BYBIT:BTCUSDT.P
Short
by CryptoCheck-
BTCUSD, Are we going to face 35% Correction ?! (Local View)BTCUSD, Are we going to face 35% Correction ?! (Local View) Let's take a look at local movements on INDEX:BTCUSD . Since last post Bitcoin moved in our favor, reached 38,500$. We have a strong bounce here, which is heading towards upper 40s as long as daily close was above big red candle. There is a probability, that Bitcoin is going to draw lower high which can be anywhere from 38.2 to 61.8 (Golden Pocket) Fib. In confluence we have several magnets at this range. Possible stop losses around 43,500$ Fair Value Gap around 44,500$. Possible liquidations Across top 3 exchanges (Binance, OKX, Bybit) totaling around 4.0 Bln. USD. (This number covers last 30 Days Data) Hence we should take into consideration, that huge amount of liquidity is sitting down in the previous reaccumulation zone. (Suggesting to check out Liquidity Heatmap . Putting link because I am not able to add screenshot.)
 
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 Next I want to mention one weird thread I bumped into on Twitter.
 It’s about HTX (ex Huobi), which is owned by Justin Sun. They turned off their proof-of-reserves system, what hints about their insolvency. Onchain analysis say that they have problems with ETH holdings. Also this is not connected to only HTX, things are being wrong with TUSD and stUSDT (Stacked USDT receipt on TRON Network).

For further details about this event please read thread from adamscochran on twitter . Hence there was around 600 Mln. USDT transfer to JustlandDao yesterday. In the end, I want to mention, that there is no 100% accurate analysis. We are dealing with probabilities, just with analysis we are shifting probabilities to our favor. Best Wishes.
CRYPTO:BTCUSDShort
by Zazuna
BITCOIN - Weekly Outlook 13/02/24'Hello everyone, hope you guys doing great. So those who follow know, that my close monitoring and breaking down chart payed off... Since we was able to recognize that probabilities of reverse shifting and favouring Upside price targets when Price was refusing to go lower under price level I ment in last updates.. So hope everyone bagged some profits already, and if not, its still great time to do right now as we sits just around 50k which is GREAT price for some profit taking for several reason, more about why you can find inside ↓↓↓ ... As for WHAT Im doing RIGHT NOW - is that I closly follow lower time frame charts 5min/15min and 1h... Since Im of opinion that we rallied A LOT already and is Tuesday, which following my data shows as a day with the MOST Liquidity reverses (meaning, we go for Sellside liquidity).. So with that in mind and aswell upcomin US CPI numbers Im alerted that there is highier chance of revisiting Lower prices then sustained rallie on upside.. BUT!! even in this scenario Im thinking that is still possible that price can rallie a bit highier (51k to 51,8k max.) BEFORE reversing... at least for this WEEK! -- In simple terms, I think we can rallie today up to 51,8k MAX! as a possibility, but Its Low% chance BUT if its happend, IT WILL BE GREAT SHORT ENTRY PRICE for me! -- --- IN THE SAME TIME - I think we are in GREAT SHORT PRICE entry RIGHT NOW, since, we already rallied a LOT, and above ment price is only 2% max.3% highier.. and since its possible we dont get that PERFECT entry area around 51k... it would be SMART to follow lower time frames as I ment, and entry "smaller" position In correct time, before building that short trade more --- Hopefully, this helps some of you with your perception of market. If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks Joe
INDEX:BTCUSDShort
by cryptocapitaltrading
$btc Bitcoin price action still rising in channel....UP or Down?CRYPTOCAP:BTC Bitcoin's price action has remained in this rising channel since around 26000. Current price: 48100 If price continues to respect this channel expect to find previous resistances: 50600, 53500, 55200 #bitcoin is also spotting a double top with a bearish divergence on the daily timeframe oscillator. if price cannot rise past current resistances expect price to retest supports at: 47200, 44200, 41800, 39400 Decision point!
BYBIT:BTCUSD.PShort
by Ifiok-2sydes
BITCOIN Breakdown of Whats Going On - 06/02/2024Hello everyone, I have to update on update of previous post, to break it down little clearer for some of you, to explain why RIGHT NOW Im very causious... For that purpose Im going from Highier to Lower timeframes, to get clearer picture of what is the MOST possible at this moment.. So, If we go from 5Day to 4h timeframe, its clearly to see that we are "stucked" in consolidation of last 5D candle, which was our "top" of 2023 and we are in process of "accumulation/distribution" either shorts/longs before moving further (as stated yesterday, longer we stay highier, chance of continuation of going highier increasing)... So as you know, I WAS of opinion, that we should go lower to swept Sellside liquidity, before moving further... but since FED meeting changed nothing, I HAVE TO stick with my Highier TimeFrame perspective... And thats it, as presented in Q1 update - Due to previous experience in similar market conditions I should suggest that until nothing change & FED start cutting rates, market will move Highier with Time until this change come! Breakdown : 5 DAY - to 1 Day - On 1Day, we can see much better, that we first swept Buyside liquidity of that 1st Rectangle consolidation, before we processed to swept Sellside liquidity... BUT NOW, we came EXACTLY BACK where we WAS, which SHOULDNT be CASE if we continuing LOWER with confidence... So, we HAVE TO go to 4hr, to make "better and clearer" guess of whats happening... 4h - So , I added 1 more layer of rectange... which is LAST WEEK RANGE... You can see, its relatively tight with its own "consolidation" (i put green cut line between for better visibility)... and YESTERDAY, we firstly swept highs, then lows and now we proceeding to going back up.. in this case, IF WE ARE ABLE to MOVE ABOVE that FED HIGH I would expect with high probability of moving further up, ONCE WE GET ABOVE OUR CONSOLIDATION BOX, both of them! -- One more 4hr chart with SMA , which I do not use as "trading tool", but in my obsertvation-> When they are stacked like now and we moving in tight range in same time.. WHEN Price BREAK above/under them with "test" - in most cases it continuos in that direction for pro-longed period of time. Hopefully, this helps some of you with your perception of market. If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks Joe
INDEX:BTCUSD
by cryptocapitaltrading