BTCUSD SHORT IDEAShorted from: 38992.43
STOP LOSS: 39032.97
TARGET: 34019.95
leaving room for more potential downside.
Btc-short
BTC WEEKLY SHORT | 2 POTENTIAL | BEARS
Head & Shoulders 📉
Back to back Double Tops 📉
A good bounce off the lower orange trend line to confirm a continued upward trend and to disqualify the reversal Head and Shoulder pattern. Ideal
Fall down to the lowest support area and prepare for more blood
BTC fall down, go BOOM!Rising interest rates, war, rising energy costs, etc. I think in the long run BTC is poised for greater heights, however, the short term looks risk off. The dollar, despite, the naysayers is still strong. Almost like they are two sides of the same coin. Long story short, I see BTC struggling in the short term and a 3-9 month market washout. Call me crazy but I'm not buying until near 20K, whenever that occurs. BTC acts more like a highly volatile stock on the NASDAQ than a currency. Compare the two charts side by side. You'll see. BTC to 20K - NASDAQ seeking 10K. Peace. Live long and prosper.
P.S. The most recent interview with Michael Saylor takes a deep dive into the way BTC looks to institutions. Look up 120K BTC and Michael Saylor on YouTube.
BTC (4h) - Poor Outlook for Midterm ? Hi Traders,
as you probably noticed BTC is still holding inside of Bearflag (Corrective abc channel = 33 to 48k).
Right now approaching the bottom line we are most likely forming some kind of First wave leading diagonal as wave (i) oif C wave DOWN.
4H Timeframe is showing some strength of BUllS. at least for small retrace = 0:238 where Bears could take chance to open more Shorts.
It means 39,2-40K is main resistance zone which should hold and we can open shorts. Otherwise need to reevaluate EWcount.
Lets see how this goes.
Trade safe, use stop-loss ;)
MACRO BEARISH PICTURE FOR BTC/ STOCKSSo BTC has been correlated to stock market especially to NASDAQ nearly perfectly. Very hard to predict any moves on lower time frames as we rely on traditional markets. Best to do is bid at the best monthly/weekly supports in low 30ks. Looking at two scenarios:
1. Either we bounce from low 30ks and continue crab range into the mid 40s
2. Or we capitulate below support, loose that level and then bounce back much stronger with new ATH target.
BTC currently still at the weekly support in 38k and it finds the bids there. Would definitely not short in that area until we lose 38k and then retest it. Patience wins the game so still waiting for 30ks to play out OR a move above 43k to show strength.
Short BTC If price is not trending it is ranging currently price is trending lower reacting to the short term trend EMA looking for a violent reaction lower of short term trend ema or for price to grind higher and fill my short at 41550 confluent with daily NPOC daily trendline 62% retracement level.
BTC shortHello everyone this is Faisal from Afghan crypto community , here is what i have for BTC Short
this is one of the case scenarios for coming week for BTC so we can expect BTC to see it over 39k and 40k and then market can be crashed alot for a few days then we might have a pullback to 43k
have a good day
Btc Down 👇👇👇Btc make a big down 👇👇 ., It is not a financial advise. Market is unpredictable., Please make your analysis first
Bearish: support turned into a resistanceBitcoin just retested previous support trendline (which also is a huge bear flag) and is eyeing lower to support at 30K.
Potential crash of BTC/USDAs you can see, my two charts are USDX and BTCUSD. Using the monthly timeframe we can see a resistance level on USDX which has been respected twice. Price is coming up to this zone very soon, and on HTF, USDX is overbought using Stochastic RSI .
BTCUSD has been respecting this upwards trend line since around July 2020, becoming more volatile in recent years. As we can see, both are coming to test their respective zones in the near future. Bulls will be looking for the BOS with US Index and for BTCUSD to respect the trend. Bears will be looking for US Index to respect resistance, and for BTCUSD to push down.
What we saw in 2020, on the second rejection of support, was a small crash of around $7000 dollars in BTC price (highlighted in red). Now the market has a larger volume, and higher volatility, should USDX respect resistance, we could see a crash in BTC.
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BTC shortBitcoin buyers side weak. Strong selling pressure. Cant overpass Moving averages. continues going lower.
Tough BTC marketSo BTC broke out of the 44k range and retraced back. Weekly closed below 42k resistance. So far bearish picture. Daily close above 43k would be first bullish sign worth a bid. Until then waiting for big weekly support at 32k. Currently the market follows stock market and this chop is PVP battle. Trying to trade low time frames is suicidal, at least for less experienced people. Safest thing is to look at the bigger picture and wait.
Bitcoin - A short term view on 12h Chart
In the above pattern we can clearly see bitcoin is pushing towards its third support after it got reject in the resistance line for the third time.
If this pattern holds true, we can expect bitcoin to hit 38 in upcoming days.
Be careful with the log positions (if you have any )
Cheers
BTC trendWell, we can see the market as a downturn for a short time, which I marked the ranges with yellow, and then an upward trend.
BTC will dump 36k??The long-term status of bitcoin is not very interesting to me.
Considering all the conditions for an ideal climb, we need to break the range of 47k$ and above.
Examining the volume and saturation points, I expect the bitcoin to fall to at least 41k$.
Our weekly support is a dynamic support Which has reacted well so far.
In general, if Bitcoin can not be supported in the range above 41k$, I expect a further decline.
Also from a technical point of view we see a descending flag pattern .
The zigzag movement can be down to 41 confirmations on the flag pattern.
By examining all these conditions and the volume of transactions stored in the market, it is also technically approved.
Possible Decline ScenarioWe received serious negative reactions from the contacts in the long-term falling trend. I think that we will experience a sharp decline after an accumulation phase that we will see in the symmetrical triangle, which is the result of the intersection of the currently rising channel and long-term falling trends.
Closed $LUNA short at +53% profitLUNA hit my target and looking close to oversold on RSI, so taking profit and looking for a breakdown of this key $96 level to open another short position.
Also closed my $BTC short (although both still looking ugly) because it's important to stick to your plan and take profit. I am still looking for shorts on $BTCUSDT, so will be fading any rallies while it's below the key $44k level.
eth pump incomingCrazy week as we come to a close , you can see the support lines holding, and now over the last 2 days we have gathered support and started to climb back slow. I think this is a key sign that a fast pump for ETH and BTC will happen soon, this weekend or next week for sure. This is only my opinion and you should never risk more than you can afford to lose. Also I have been watching DNT and it is not following BTC or ETH, is go's up with out them but seems to pump hard when ETH go's up fast. Be carful and safe, and have a Blessed weekend.
BTC heading down !!!this analysis is a long term view of the bitcoin, this does not mean an end to cryptos in general
however with the uncertainty in the capital markets and the risk sentiment off i see that a move lower will be more interesting to buy again
