All charts are pointing downwards again to 37.7-34.4k. If SPX, DXY and other stock assets continue the downward trend, bitcoin will follow at least for some time and may hit 36k range in 2-3 days. BTC will follow SPX.
A regular bearish divergence which played out followed, recently, by a hidden bearish divergence. 6.64 ratio. See how it turns out.
Look at all the charts pointing downwards. All s/r trends, buy/sell signals, MACD at 4hrs point towards a drop to test at least 37.7k . if it goes further down, we may test 36200-36800.
Shorted from: 38992.43 STOP LOSS: 39032.97 TARGET: 34019.95 leaving room for more potential downside.
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
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...
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...
So 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...
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.
Hello 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 make a big down 👇👇 ., It is not a financial advise. Market is unpredictable., Please make your analysis first
A move up into $45K would be nice shorting opportunity back down towards $30k - $28K
Bitcoin just retested previous support trendline (which also is a huge bear flag) and is eyeing lower to support at 30K.
BTC Short setup on chart. entry sell/short SL/TP on chart
As 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...
Bitcoin buyers side weak. Strong selling pressure. Cant overpass Moving averages. continues going lower.
#BTC SHORT ?? is it touch the Resistant?? be carefull!!!!!!!!!!!
So 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...