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BTC short-term sell positionThis is a probable short position. although. This Idea contains NOT all the facts and clues, and it's just for warning. so make sure you're doing your own analysis for opening the position. And, here in this zone, Stop-loss is the most importatn thing ever. as you know our previous idea is about a long term buy position. so we're simultaniously in a short term sell position and a long term buy position. so.. you know. you have to manage your risk in short term, and accumulate in long term. leave your comments down below
Short
by Finnovin
3
BTC Daily TA Neutral BullishBTCUSD daily guidance is neutral with a bullish bias. Recommended ratio: 55% BTC, 45% Cash. * SUNDAY SCARIES WATCH . Cryptos are mixed today after numerous Altcoins like DOGE, REN (on rumors of Binance acquisition) and LINK rallied to start the weekend. Billionaire hedge fund manager Bill Ackman reiterated his support for Cryptos and their underlying technology . Yesterday, Vitalik Buterin transferred 40k ETH ($48m) to an unknown wallet and Justin Sun cashed out $58m worth of ETH for unknown reasons . Ukraine is still trying to restore power to major cities while Russia continues to fire missiles onto critical infrastructure. Even with this going on, Ukraine managed to host a summit in Kyiv to promote their "Grain from Ukraine" initiative which will strive to send 60 vessels full of grain exports to countries currently most vulnerable to famine and drought (including Ethiopia, Sudan, South Sudan, Somalia and Yemen). Chinese citizens continue to protest the Covid lockdowns in cities like Urumqi where the lockdowns are ironically contributing to deaths , and this morning officials in Urumqi announced that they will begin to phase out restrictions in "low-risk areas". This is after China reported a third consecutive daily record for new Covid cases . In lighter news, Ben Armstrong is in the Bahamas with intentions of interviewing SBF lol . Key Upcoming Dates: US Consumer Confidence Index at 10am EST 11/29; 2nd BEA Estimate of US Q3 GDP at 830am EST 11/30; Fed Chair Jerome Powell speech at Brookings Institute at 130pm EST 11/30; Beige Book at 2pm EST 11/30; October PCE Index at 830am EST 12/01; November Employment Situation at 830am EST 12/02; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14 .* Price is currently trending sideways at ~$16450 as it continues to hover above the uptrend line from March 2017 (~$15600) for a fifth consecutive session. Volume continues to shrink for a sixth consecutive session which is indicative of an impending breakout/breakdown and is on track to favor sellers for a third consecutive session if it closes today's session in the red. Parabolic SAR flips bullish at $17900, this is mildly bullish at the moment. RSI is currently trending sideways at 39, the next resistance is at 42.41. Stochastic remains bearish and is currently trending down at 90 as it approaches a test of 88.29 support. MACD remains bullish and is currently trending up at -705, the next resistance (minor) is at -232. ADX is currently trending sideways at 45 as Price continues to trend sideways as well, this is neutral at the moment. If Price is able to breakout here then it will likely test the 50MA at ~$18670 as resistance . However, if Price breaks down here, it will likely retest the uptrend line from March 2017 at ~$15600 as support . Mental Stop Loss: (one close below) $15600 .
COINBASE:BTCUSD
by dailytaguy
2
bottom at 13.2-14k with a move back to 24k range next yearHi guys, Here are my thoughts for the next few months, think we still got another leg down first, but I think we are nearer to the bottom than most people expect. I know a lot of doom thinkers at this point, but I still don't think we will see those 10k numbers (yet) and we get a nice bounce over the next couple of months. - currently expecting in the very short term to make a nice inverse head and shoulders to reverse, so back to 15.8k retest, then pump up and get a Christmas run towards 18k range, somewhere between 17.7k-18.5k looking at the fibs - then we get real capitulation of everything, with most likely some big miners having to sell everything, causing a big crash once again down to like 13.2k-14k local bottom - then we can finally bounce and we get a nice relief run back to 24-25k by next year those are my personal thoughts and expectations Trade Safely! -The Dang Oracle
by ThereAreNoWalls
1
Bitcoin Important Update CRYPTO MARKET UPDATE BY TEAM TENUP Pakistan Time: 06:06 AM Bitcoin support levels - $16,300 and $16000 strong Support (is Ka Matlab yahan buyers hain) Bitcoin resistance - $16,800 and $17,000 strong resistance (is Ka Matlab k yahan sell karney walay hain, sell hoga bitcoin) ——————————————————————— Analysis: BTC Support is at $16,300 and $16,000. Resistance is at $16,800 and $17,000. Trade carefully and manage your risk according to mentioned support and resistance levels. BTC closed its daily candle RED at $16,598. Looking at the 4-hour timeframe, Volume is low and decreasing. RSI is at 53 and STOCH RSI is below the 75 range. RSI and STOCH RSI suggest that the BTC may test $16,300 support. However, there is 20 EMA support around 16,400.
by Waqar212
1
Bitcoin will pump before the final bearish move!Hello, everyone! As you know I wanted to catch the bottom of the local wave 5 on the Bitcoin, but this wave as I can see was shorter than I suppose. Now it’s obviously that the market started the upside correction to $18k and we have to find the low risk long trade now. Let’s take a look at the 1h time frame of the BTCUSDT chart of the WhiteBit exchange. The price have already finished it’s wave 3 of any order, it does not matter now for us. We can conclude it because of internal waves structure. Sub wave 5 made just a squeeze below the sub wave 3 bottom and the Bitcoin broke all local critical levels to continue this wave 5 to the downside. Consequently, market started the corrective wave 4 of the higher order to the upside. I consider ABC zigzag. Wave A has been already finished. Now it is time for the wave B. It usually retraces to 0.5 Fibonacci level, approximately $16200. There I plan to open long position with the target at 0.5 Fibonacci level for the higher order impulse wave. After reaching $18k I expect the new and last crash in this bear market to fulfill my bag with the Bitcoin and different altcoins. Best regards, Ivan
Long
by Skyrexio
15
BTC All Time High February 2012 - Why NO Double TopWhy i dont see BTC to Crash soon Some of the Traders see a BTC double Top which would lead to a blow off and Crash. So lets try to disprove this view: - Chart Formation: I can find this type of Pattern only in Uptrends. Some think it is a double top but in fact its an ascending consolidation of which the 2nd top is higher. - BTC Price overheated: In fact it is a little bit. But sideway untill february would be enough to countinue. - Support: It looks like previous (2017/18) ATH is support now. - Institutional Money inflow: Institutions invest with a larger Timeframe - they will not sell off 6mt after buy. Like Micro Strategy bought at 19k - dont think they buy the top - Inflation: Inflation not kicks in yet because the Money flows into Wall Street. After Shares get unprofitable it will flow to BTC - Maturity: We are in 2020 ant the market has grown up. Adoption kicks in while crisis also does.
BITSTAMP:BTCUSDLong
by BTC_maximalist
1
This might changed everything for Bitcoin!I know it's a messy chart but lucky we have to focus on just a few things! As we just got the message that most FED officials backed slowing the pace of rate hikes we did see a small pump for BTC and a dump for the DXY. For the DXY I would like us to stay under $110 ish. For Bitcoin we have a few levels to watch closely. First the key levels to watch if we want to see upwards momentum: •16.8k •17.5k •18.6k And some key levels for the downside: •15.8k •15.5k •14.8k The explanation was to hit approximately 14.8k after we did broke the triangle but after the news we have gotten today we can hopefully throw this out of the window. Trade safe!
by Mynameisnotrelevant
1
Bitcoin is HOT as the HELL!Hello, everyone! Last time I told you that the “triangle” which a lot of traders mentioned it their analytics is just the wave 4 which is represented as the ABCDE correction. The end point of the wave E I marked on the chart. The following dump was just the question of the time. Current dump is the wave 5 and I suppose that the sub wave 3 of this wave have just been finished. I considered this because the price have reached the maximum target for the wave 3 if we take into account waves 1 and 2 structure. 2.61 Fibonacci extension is the maximum target zone. Now I expect the corrective wave 4 to the $16200. This is the target zone also because of Fibonacci 0.5 level and the wave 4 top of the lower order. I closed my short at $15750 and will re-enter it at $16200. After reaching this target we can expect the wave 5 to $15k and there we can buy Bitcoin on spot for the potential bounce. I will tell you about the targets for this bounce in my next analysis when Bitcoin come to this point. Best regards, Ivan
by Skyrexio
13