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Bitcoinshorts

Short Term Uptrend Broken, BTC going 9000!!!Short term uptrend which was started on 8th July was broken and as you can see above BINANCE:BNBUSDT is still in decreasing channel support on 9220 as well as the horizontal support at 9165 has worked so perfectly. If BINANCE:BTCUSDT remains in this downtrend channel we can see more fall in the price of BINANCE:BNBUSDT because RSI and MACD crossover on 4HR chart has crossed and RSI is moving downward and MACD crossover has just happened so it is possible that BINANCE:BNBUSDT can make a correction and fall again to 8950-9000 area. Do share your thoughts and analysis in comments I'm just a new trader. If you find anything wrong or noneducational in this post please do tell me in comments.
Short
by TheTradingo
To be or not to be...This is the question... The market is indecisional. This is the question... The market is indecisional. I think that the big resistance at 7,361 is it stronger to will broken in this time. I observe (1-5) Elliott Waves and i can see with regular ABC. Now we are into downtrend channel but many people thinking about a bull rull before Halving. For me it si impossible! Whit icimoku we are into downtrand with big possibility that the price will go down. I canno't trace the continuos of the waves becasuse into a this day think that we are in a big orizzontal channel (in downtrand at the moment) and all pattern fail. Finally the market must give a unique response and afther we can traade. In this condition is impossible. We don't have waves for surfing, but in conclusion i think that the price go down around 6,4k/5,8k USD whit a ellliot wave correction.
Short
by gabrielestampa
Elliot Formation Inside An Ascending Wedge The BTC price has increased significantly since reaching a low on March 13. The increase has taken the form of an ascending wedge, which is considered a bearish reversal pattern. It is possible that the price continues to trade inside this wedge until it reaches the next resistance level at $7750. If so, we can outline a five wave Elliott formation that would take the price all the way to this resistance line. The price is currently at the top of the third wave, after which a decrease towards the support line is expected. Afterwards, the price is likely to create the final upward move before breaking down. This possibility is supported by the slight bearish divergence that has been developing in the RSI, which is even more visible in short-term time-frames. If the price breaks down, the closest support areas are found at $6700 and $5800.
by BitcoinMaximus1
BITCOIN OVERBOUGHT - DROP BEFORE END OF THE MONTH!Hello all, As we saw stocks had a recover today but they will not keep bulish flag while people still losing jobs and are closed at their homes and COVID have no real solution yet. Bitcoin was pumped till this position in order to allow big players sell slowly in this channel then we will see a drop to keep acumulating in lower levels as we can see there is no real demand in the current price. I expect a drop to 3-4-5xxxx levels before end of the month.
COINBASE:BTCUSDShort
by aleex5893
The 2hr of BTC.Just taking a look. Keeping my ideas open. I am looking for Stoch to show max seller pressure with 3x %K %D crossover points similar Oct. 23 - 25th range with another dip close to -472. I am looking for a 25 degree channel bottom curve to confirm another leg up on the 2HR timeline. This would give us a pullback to around 8,400 (61.8%) before another leg up to 11,357 pushing 11,500. This would be ideal to show around point B and also confirm the hourly trend is rising and staying above the purple thick line which represents the top of the bigger channel. Hope you like this idea, this follows today's post ideas on BTC I made earlier today. Please be aware we are still in a down channel and LINES ARE JUST LINES! They only help guide us with price movement and max range degrees/percentages based off supply/demand the market shows. This could have been am impulse back to the top of the channel but expand a little and FAIL back down continuing lower. Basically coming back up for 1 more breath of air before diving deeper in price. If that happens we fall back to the dashed line on the bigger channel. With the amount of recent volume and growth the bulls are in the lead against the bears in the short term. But we need to confirm this is a trend change out of the channel or just temp. momentum? Better to see slow growth than rapid and fast and I personally still want to see some lower prices but if this continues to create bullish accumulation inside this mini channel we can easily impulse again...and just a bit higher this time ;) The bear scenario: This is the HEAD of a head n shoulder pattern leading us lower. And this breakout is false and fails by end of the month. Lets see what happens!
BITSTAMP:BTCUSD
by AschraM
1
BTC Bull ideaA good follower of mine reminded me to take notice of the volume and momentum of this recent charge in BTC. This leads me to believe that we could be breaking out of this flag right now on 4HR and rise to 11,900 zone. A daily continuation of this bullish impulse above Aug 2019 high will make this idea possible. Usually when we get such massive volume into BTC we see Alts fall but we have also seen both move together in bullish volume. Either way if you missed this impulse it is best to sit the side lines and wait for more confirmation for the trend to continue. If this is a new HIGH after a new LOW on BTC then we can drip farther still as I stated in the prev. idea posted or make a leaning shoulder for a continued rise. This would give us a nice ABCD move up to 17K where bears will be sitting closely for weakness of bulls. Where do you think BTC is going for the rest of this year? Will we stay in a black line CONE? Will we ride down to the red ribbons once more for bull confirmation? Is this the bulls are back for a head pattern???? This is a bullish flag with one hell of an impulse! Sellers beware. Buyers be cautious! This is just another idea for you all to take into consideration. Thank you nagihatoum ! Please follow Nagihatoum for more related ideas.
BITSTAMP:BTCUSD
by AschraM
6
BTCEUR - Bear Flag, Short Position (7.150 to 6.080 EUR, -14,56%)BTCEUR - Into Bear Flag, Previsione for a Short Position from 7.150 EUR to 6.080 EUR, (-14,56%) BTC comes out of a very marked flag of about 73 days. The output, about the movement that took place later, clearly defined a FLAG POLE and a fairly marked BEAR FLAG is emerging which is now 26 days. By performing the FIBONACCI tracing on the flag pole and reporting the values on the output FLAG PATTERN you can highlight the TARGET LEVELS of the SHORT POSITION in ENTRY and EXIT. In the forecast, an imminent exit from the BTC BEAR FLAG is simulated at around 7,150 Eur. 1. Entry into SHORT at 7,150 EUR. 2. Monitoring of historical support at EUR 6,774. 3. Target 1 to 6.080 EUR ÷ Target 2 to 5.611 EUR. The FIBONACCI tracing signals the target level around EUR 6,080 equal to - 14.56%. Also possible a second target at EUR 5.611 defined by the width of the FLAG POLE. #surfthetrend #trendsurfer #gabrielestampa #bitcoinpredictions #bitcoinprevision #btceur #bearish #bitcoinbearish #shortposition #bitcoinshort #shortposition
Short
by gabrielestampa
BTCUSD hourly watch - in a sh*tspot imo! TLTR: Short term rise before a fall to 7300 zone. ----------------------- I do not recommend buying here or selling here at current price.... ------------------------------- Observe fib zones Observe direction wait for a strong channel break I do not like this pattern LOL As many of you know I hold no bitcoin at this time. BUT...I will be observing zones 6300 - 7300 for a buy in once more. Price doesn't necessarily have to head all the way to 6300. The way I see it is..... the more people want it that way, the less likely it will happen. Overall, for those who missed an entry in Feb around 3300 could place their bets around 7300 for close to a 1/3 discount from the ATH of 20k zone. As many will view this as a zone where they can double their money from the most recent high of 13,800 if we dive deeper with a continued second drip....observers will be on the look out for a low of 6,400 - 7,300. I give or take $100 from either side. but should I dare say it will go lower in the future???....I don't know....but I do know many big buys jumped in around $1,800 .... and BTC is bedrock ^_^
BITSTAMP:BTCUSD
by AschraM
4
Bitcoin Shorts Drop 60% - Watch for Long Entries into BTC?Interesting note, the number of short positions on Bitcoin has just dropped dramatically (60% at press time), this is undoubtedly going to be people who shorted Bitcoin during the run, closing their positions now that Bitcoin has dropped so sharply. What this could potentially mean, near-term at least, is that these formerly short positioned traders could look to switch to long positions at this dip. This most likely will not drive the next run up, but what this could mean is that the near-term low could be in, for now at least, and as the short positions begin to close they will need to buy back their positions, which could drive a near-term recovery. I would not make any trades on this information, but it is interesting to note that a large number of short positions have just closed, leaving the door wide open for those same traders to switch to long positions. Edit: Note that not long after June 30th (the last major dip in short positions) Bitcoin had a minor rally
BITFINEX:BTCUSDSHORTS
by Profit_Link
2
Triangle could take $BTC #Bitcoin down to $3120 within 8 hrsTriangle could take $BTC price down to $3120 within 8 hrs, volume should pick up at that point and could take the price in either direction fast. I expect to see a bounce off of $2950, a $1000 increase from there is not out of the question especially considering the short interest that is currently in play. If the bulls don't step in in force around $3000 I expect to see a dramatic capitulation selloff down to $2200 with a V bottom that takes the price back to $3500 in no time.
BITSTAMP:BTCUSDShort
by blloyd