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False Bitcoin rumors revealing real market sentimentFake news sent Bitcoin up about 10% on Monday, surging from $27,900 to over $30,000 after Crypto news site Cointelegraph posted on X that the Securities and Exchange Commission had approved BlackRock’s spot bitcoin ETF application. In response to the rumor, BlackRock had to clarify that no decision had been made regarding their ETF application. Even though the rumor has now been debunked, Bitcoin is still up more than 5%, at $28,600, with some movement suggesting that buyers are still willing to prob for more gains. The 10% upside move has perhaps provided us with a preview of what might happen when/ if the SEC eventually approves or rejects BlackRock's Bitcoin ETF application. It could also be argued that we are also getting a glimpse into what could happen if the SEC rejects the application, with targets set at the pre-rumor price of $27,900 the first port of call.
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BLACKBULL:BTCUSD
by BlackBull_Markets
12
BITCOIN: Bearishness Before UpsideHowdy risks-taker! I've had time to take a probing look at bitcoin this weekend and see what I think I found. I do expect some large-scale bearish activity on bitcoin in the coming weeks. The pair looks anytime ready to plummet in any case. We've been struggling to keep any bullish steam and sellers are pretty much in control. But make no mistake about it, the pair is inherently bullish in my view and the question is how long to keep going down before we see definite rallies? For now, this is the idea I am interested to engage with until proven otherwise as we often are.
COINBASE:BTCUSDShort
by MyFxPicks
BTC Short📌 BTC/USDT SHORT SIGNAL ENTRY: ~27040 SL: 28238 Leverage: Isolated max. X10 Position Size: max. 15% 1St TP: Exit 25% of the Position @ 25490 Wait on further instructions for full EXIT, lets see how the market behaves. Note: CME Gap at ~20500USD High probability that we retrace a third time off the 800EMA (Purple Line) on the 4H chart. If we do not close above the 800EMA with lots of conviction there is no reason to enter LONG Positions IMO. Wait on trade update for full exit.
Short
by Namwarone
Bitcoin 10k crash! Reposting from Aug 19, 2023This is a republishing of my original post of title: Bitcoin 10k crash‼️ - 🤔 will it happen? Can it be avoided? The original version was removed - for reason I care not to explain. BITSTAMP:BTCUSD BINANCE:BTCUSDT BINANCE:BTCBUSD KUCOIN:BTCUSDC BINANCE:BTCUSDT.P I wanted to do an update to my original post and below you will see what charts and findings including the original post from August 19th to help you decide on if you want to invest. Please be advised. 🚫Do not allow this to frighten you into selling, or consider this as financial advice, understand the risk and understand this may be hypothetical so bear with me BTC -fans or any of those that follow my content, take this with a grain of salt. Like, laugh, make fun of this prediction, but I just wanted to give everyone a heads up of my findings. So by the 19th to the 20th of this month, we maybe in more trouble than we think, we may need to start the recovery process soon as this is effecting a great deal of the market and not just cryptos if this issue is not recovered soon - or - see Bitcoin fall in price to the range of 10k by September 25, 2023 or late October 2023. I will add updates to this post as it progress. Be sure like, follow, and subscribe for more tips and prediction from me. Grandmaster_oz Will be creating a streaming channel soon so I will be covering future events live or on recording. Below the current status of the market today.
Short
by Grandmaster_Oz
24
🔴 BITCOIN | There Will Be Blood September is the worst month in history of bitcoin, its a month that all Bears order Lambo! While Shorts continue to stack into the weekend, expecting some kind of move around US Futures open and into Monday EU session. low whale order volume, the accompanying order book chart showed a lack of bid liquidity overall, with $25,500 gaining only modest interest. The BTC bullish momentum moving averages may act as resistance, It is no secret that Bitcoin has underperformed this month even by August standards, which have rarely given bulls anything to celebrate. volume is super low means more trader stopped trading and waiting for more confirmation. BTC is down 11% this month, and with the weekly close around the corner, anticipation is building among market observers. August 2023 is already vying with last year to become Bitcoin’s worst August since 2015. BTC price shed 13.9% in August 2022, a move which marked the beginning of half a year of pain. positive news events, such as the future green-lighting of the United States’ first Bitcoin spot price exchange traded fund , had not yet entered market consciousness. This week, despite containing the Fed’s preferred inflation gauge in the form of PCE, could well end up no different.PCE data is due on Aug. 31, hours before the Bitcoin monthly close, with Sep. 1 offering nonfarm payrolls and unemployment data The Bitcoin hash rate just hit 400 th/s for the first time ever which is mindblowing, considering the energy issues in Texas and the cost of electricity surging worldwide, means more whales prepare for new bull market The price of BTC is $25,965 today with a 24hour trading volume of 7 billion dollar. This represents a -0.6% price decline in the last 24hours and a -11% price decline in the past 14days most indicators all bearish and the next targets are 25,500$, 25k and 24,500$ whats your plan for September bloodbath ?
Short
by moonypto
6
Bitcoin Short trade IdeaMy basic premise is that Bitcoin is in the midst of relief rally/ short squeeze. If Bitcoin breaks above 28K and holds support, I will reconsider my opinion. IMO, there is confluence for a short trade between 27K – 27.3K. Possible Short triggers: 1. The 200D EMA, at 27K, may act as resistance. 2. The 50D EMA, at 27,076, may act as resistance. 3. Supply Zone (1H) between 27K 27.3K 4. Trendline resistance at 27K. 4. SL is at the 50% of the wick at 27.43K Wait for a rejection. It is possible that this squeeze will run as high as 28K. Trade Idea: • Entry: 27, 050 • SL: 27,450 • TP1: 25,300 • Target: 23,500 • R:R: 1:3.89 to first TP. NFA What do you think? Please share in the comments Best Wishes
Short
by NewThoughtCrypto
BTC Full Analysis in Daily TimeframeHello Traders, here is the full analysis for Bitcoin in a daily time frame, Let me know in the comment section below if you have any questions. I suggest you keep this analysis on your watch list and see what will happen and will my tragedy prove!!! Today I want to talk about BTCUSD ******************************************** Before that, I want to remember It's not financial advice. I'm just sharing my view and opinion of the chart. Please see and think about that. The situation is so complicated. ******************************************** As seen on the chart I used the Fibonacci channel to explain simple. I active special lines, for example, I introduce you 0.5 as mid-line,1 for the top of the first channel, and 0 for the low of the channel. Although 2 is the top of the second channel line,1.5 is the mid-line of the second channel, and so on. I used 2 purple circles as the tops of the channel and used one green circle to draw Fibonacci channel lines. That's all. So, let's check it out on the chart together. As you see the price reacted to these channel lines. sometimes prices do not touch the channel lines, but if you change the chart from line chart to candle-stick, you will see that prices always touch these lines because the prices are so respectful of these Fibonacci lines. Let's not go into details. As we expected the price reacted to the second Line. I drew a red circle to see better this reaction. And then the price goes up. But it's temporary and the drop again. I will show you more things based on Elliot's theory to understand what's happening in Bitcoin. So, don't worry Guys. Also, I drew 6 green zones. The first one is very important because if the price loses this zone, we will drop more to the second green zone. If we lose the second zone, the next support zone will be active. I expect we lose the first, Second, third, and 4th support zones soon. I think the best zone to think to buy Bitcoin is beginning on the 8K. I will do this. It means I will buy Bitcoin at the price of 8500 for the first level. The next zone is around 6500 and the final zone is 4500 to buy and Hold Bitcoin until 2030. It's just my vision. it might 6th zone never ever touches the price. But based on my analysis of USDT.D and BTC.D and DXY, everything is possible. I will publish my analysis about DXY, and USDT.D soon. But if the price loses the second support zone everything will be difficult and the situation will be changed. And we will see more pressure in the Crypto market. This causes a big drop in the market, which, as you know, can lead to a FUD in the market. so I expect we lose the second support zone at around 18000-18500 USD and move to 8000 USD for the first level zone. The next analysis belongs to the weekly Time frame based on Elliot waves. I will show you everything you need to know. By the way, I think this correction will be ended in April 2024. Please like, follow, share, and comment if you enjoy this Idea, Also share your ideas and charts in the comments. Wish you health and wealth. Sincerely Yours Ho3ein.mnD
BITSTAMP:BTCUSDShort
by Sticky-Stock