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Bitcoinshort

Bitcoin Top and 27% Pullback Likely To $32k Support?Looking like Bitcoin topping out here and in need of refresh and retest of lower support. Since BTC commonly has 25%-27% pullbacks to support, this is looking more like a 'Sell the News' setup for when the BlackRock ETF likely gets approved in early January. For this rally to sustain and hit our higher projections of $100k, $155k, or even $210k, Bitcoin needs to retest support around $32k level in my opinion. At least a pullback to $38k before resuming the push higher to the FWB:48K - $50k Golden Pocket. What do you think Bitcoin goes next?
Short
by BrettFogle
Severe short term downside risk in BitcoinTransaction fees have reached surreal levels in Bitcoin with almost 17 Mio USD spent in transaction fees daily. Although there is not a direct correlation between transaction fees and the price of Bitcoin periods with high fees usually, sooner or later, resulted in a negative price reaction for Bitcoin. At this point I would not be surprised to see a price reaction down to 34,000 to 38,000 USD short term! Long term I am still very bullish, but the short term risk is (for me) evident at the moment. So better be careful with using leverage for BTC long swing trades at the moment.
INDEX:BTCUSDShort
by CryptoForMoney
BTC Macro UpdatesBTC make perfect Bearish Shark at 35900$ as i have already share chart regarding this. As you can see BTC spot has no volume since March as mentioned in chart. It is just manipulation and grapping liquidity According to onchain analysis Upside liquidity has been grab almost 1.5B$ has been liquidate.Everyone is bullish now which means big move is coming.This senerio is remindering about recent crash when BTC touch 50k$ from 30k$ in May 2022. Becaregul with your trade on larger tf. Trendline has also been broken and just retesting here. If BTC cross 37000$ with full candle it will invalidate this pattern. This is macro analysis based on weekly tf. If you like this kindly follow me and like this Idea Thank you
Short
by hamzashabbir990
6
Amazing Unseen BTC Short Setup / Fake Breakout of WedgeThis Chart makes a lot more sense on the daily because the breakout on daily 1 candle Daily Chart Here: However the rejection and inability to clearly breakout of 41,639 made me want to post this as it could possibly be a fake breakout from the rising wedge on the daily chart. I was positive if it hit 41.6K it sky rocket... but it doesn't look to be that way, but time will tell Resistance 41.6K Old Resistance - Wedge Line 39K ish follow the cahrt Older Resistance - 37.9K
BINANCE:BTCUSDShort
by dogdaddevan
BTCUSD (Bitcoin vs United States Dollars USD) Shorting Chance Technical Analysis: There are several signaling settings that indicate a shorting bias. These include: 1. Bearish Divergence of Price with MACD: Bearish divergence occurs when the price of an asset forms higher highs while the MACD (Moving Average Convergence Divergence) indicator forms lower highs. This pattern indicates a potential reversal in the prevailing trend and signifies a bearish bias in the market. 2. Abundant Fibonacci Confluence Levels and Pivot Points between Bullish and Bearish Cycles: This refers to the occurrence of multiple Fibonacci retracement and extension levels aligning with key pivot points in the price action. These confluences indicate areas of potential resistance, strengthening the bearish bias. 3. Candle Triangle Pattern with a Significant False Break: This pattern occurs when the price forms a series of lower highs and higher lows, creating a triangle shape. A significant false break happens when the price briefly breaks out of the triangle pattern but quickly reverses back within it. This false break suggests a potential reversal and supports a shorting bias.
Short
by BitonGroup
2
Bitcoin Peaks at $42,000 - What's Next? Bitcoin Peaks at $42,000 - What's Next? In a new surge of momentum fueled by widespread optimism that the U.S. securities regulator may soon approve a spot bitcoin ETF, Bitcoin briefly surpassing $42,000 to reach a 20-month high. There is a sense of optimism in the space regarding the potential approval of a bitcoin exchange-traded fund (ETF) by the U.S. securities regulator. Such approval would likely enable a new type of investor to enter the cryptocurrency market through the regulated stock exchange, leading to an influx of capital into the digital asset. In October, SEC Chair Gary Gensler alluded to the agency's consideration of up to 10 bitcoin ETF filings. Additionally, falling inflation in the US is making higher-risk assets such as Bitcoin more attractive. This sounds like a certain bullish environment, right? Well... nothing is certain in crypto so some downside projections might be appropriate to consider too. So, with that in mind, the gap on Sunday still needs to be filled, starting with approximate prices at $39,600 and $39,000.
BLACKBULL:BTCUSD
by BlackBull_Markets
1
BITCOIN REVERSAL RISING WEDGE - DONT MISS THISWhat is a Rising Wedge? What helps us look at it and confirm it? ✅ Upward Trend: The pattern typically forms during an upward price movement. ✅ Converging Trendlines: Both the support and resistance trendlines slope upwards, but they converge as the pattern matures. ✅ Volume: A declining volume accompanying the formation often strengthens the pattern's bearish signal. ✅ Breakout: Confirmation of the pattern occurs when the price breaks below the lower support trendline, where we short I've been calling this reversal since November 17 on X WHO AM I? - New to chart here, but a20K Followers on X @dogdaddevan constantly posting - MEXC Official Partner - I bought ATL SHIB Nov 2020 (only vol that day) and sold early like a bozo.
Short
by dogdaddevan
1
Risk/Reward favors downside shift to risk Off Sentiment.. BTC has reached a crucial point in which candles appear to be failing around 35K. We must consider potential scenarios to begin the new month of November. In One of these scenarios we may anticpate a retracement to capture fomo liquidity. Fomo liquidity is psychological concept in trading that refers to the chasing of price. New Monthly candle retracement for liquidity purposes. Current : 34775 33,372 TP 1 TP 2 30,300 Weekly Level Trade idea Fakeout back below 35K
COINBASE:BTCUSDShort
by ShrewdCatfx
1
BTC To $38830/highr or $37,500/lowerSo for waiting on either of 3 specific scenario to happen before taking an entry. It's a more refined strategy combining some keys things that provided me with high probability setups. 1. For long scenario my target would be $38,830 or as high as $40k. So wouldn't immediately close at $38,830 but would take 50% profit for sure. Entry would be around current price after I see a particular confirmation. 2. For 1st short scenario . Entry around $38,700 area after a particular confirmation and target $38,200 3. Or Short Entry under $38,250 if bulls fail to hold and target $37,500 or lower All scenarios offer Great risk to reward of at least 3:1 with good stop placements. No, need to go lower for sniper entry, if anything I'll go higher tf to glance at what's happening overall and just to keep in mind amount of time left in a particular htf candle but main focus will be on 30 minute tf. Also, I purposely hide some stuff from my chart but no indicators, just some things I don't feel comfortable revealing. Call it gate keeping or whatever. Anyone trading for a good while might have a clue. Risk for these trades is 0.25% Right now, I tend to size down from .5% If I have a few back to back losses and size up to max 1% when things are going well. So for all those people who think I'm going to get liquidated because of a few trades, am not your guy lol, I'll be here for a while Mfers. Also Important news happening now. With a few more to come. So careful might get violent spikes.
by Filnft
Bitcoin Falling to $35,000!? The Ascending Wedge Calls for Doom.Bitcoin has fallen out of the 4HR bull channel and failed to break above the Weekly Resistance 3 times. This is a decent short-term sell signal that if your trade is managed properly, the probability of profit is on your side. How do we trade this? Bitcoins macro trend is bullish, so we must exercise caution when considering a short. While the trend is a major data point, we must also consider the rest of the picture in front of us. Bitcoin has failed three times to break Weekly Resistance, a reversal signal. We've fallen out of the 4HR bull channel, another signal to sell. There's a gap to minor support which has been tested twice and the RSI is below the Moving Average with room to fall; all data points in favor of a short. It is reasonable to have a short-term sell bias on this 4HR timeframe but proceed with caution. The first sign of a bull reversal bar closing on or near its high means it's time to exit the trade. Trade Idea: Short Entry: $37,630 Stop Loss: $38,270 Take Profit: $36,350 Risk/Reward Ratio: 1:2 Key Takeaways 1. Fell out of Bull Channel, Now in Ascending Wedge. 2. Currently re-testing bull channel support. 3. Gap down to Minor Support at $36,200. 4. RSI at 48.00 below Moving Average, Bias to Short. 5. Short to Minor Support. You are solely responsible for your trades, trade at your own risk! If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
INDEX:BTCUSDShort
by TraderEngineering
Bitcoin 4HR Triple-Top! About to Reverse to $34,500?Bitcoin (BTC/USD) is testing the Weekly Bull Channel resistance and potentially forming a triple-top reversal pattern. If the price fails to hold above $38,000, we could be looking at a pullback to the 4HR 200EMA at $34,500. How do we trade this? We're in a bull channel, which means our bias should be to the upside. With the price levels being near the Weekly Bull Channel Resistance, that long bias has to be put on hold. RSI is around 63.00, and we may form a triple top. If that happens and we get a strong reversal signal bar and confirmation, a short to the $34,500 area is reasonable with a stop loss just above $38,000. Longing at this price ($37,200) would necessarily include a stop loss just below channel support at around $36,000. A proper take profit would be at the Weekly Bull Channel resistance of $38,000, leaving us with a 2:1 Risk/Reward ratio. This could be an ideal scalp if you reduce your max position size by half, but the probability of profit longing is not high enough given the close resistance. Key Points 1. Bitcoin is still in a Bull Channel. 2. Price is Near Weekly Bull Channel Resistance. 3. Potential Triple Top Forming. 4. RSI at 63.00, There's More Downside than Upside. 5. Wait for a Sell Signal to Short. You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
INDEX:BTCUSDShort
by TraderEngineering
2
Bitcoin to continue moving downwards until tomorrow eveningthere was a significant drop in the price of Bitcoin as it experienced a sudden decline of $1000, bringing it down to $35,344 by the evening. This downward movement caught the attention of traders and market observers. The Relative Strength Index (RSI), a commonly used technical analysis indicator, also signaled a bearish trend, further supporting the notion of a potential price decrease. During this period, Bitcoin exhibited a rapid decline, with the price falling by approximately $75 every 15 minutes. This swift descent created an atmosphere of heightened volatility and uncertainty within the cryptocurrency market. Traders and investors closely monitored the situation, considering various factors that could have contributed to this particular market movement. Events like these serve as reminders of the dynamic nature of cryptocurrency markets and the importance of closely monitoring price trends and utilizing technical indicators such as RSI to aid in decision-making. It's crucial to conduct thorough research, stay informed about market developments, and exercise caution when engaging in cryptocurrency trading or investment activities.
Short
by Henrywaters
BTC 4HR Analysis - Bears Are Taking Control to 200EMA!Bitcoin has had three pushes up from its previous trading range ending with a failed break of the $37,500 resistance level three times, leading the price below the 30EMA. Per my Weekly Analysis, the $37,500 price area is Bitcoin's Weekly Bull Channel resistance. These data points mean a short is reasonable from the $37,000 price area with a stop just above the pin bar at $38,000. It's also reasonable to take some profits at the bull channel bottom (about 1:1 Risk/Reward) and the remainder just before the 200EMA around the $34,000 area. Key Points 1. Bitcoin is still in a Bull Channel 2. We have three pushes up ending with a strong bear pin bar 3. Three failed attempts to break and hold $37,500. 4. Gap from Current Price to 4HR 200EMA 5. RSI is just above 40.00 with Room to Fall You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
INDEX:BTCUSDShort
by TraderEngineering