Btc-short
BTC STRONG 4H REZIST TRENDLINEHello guys!
This has been a crazy week for all competitors in the crypto market. It looks like that we try to break now our major 4H trendline rezistence. Price is being compressed against the trend and I´m gonna take an agressive short position.
I would be very careful now to take a long positions because we can easily fall again to 33-34k area.
- Short entry - (38 350 - 38 490)
- STOPLOSS bottom candle close on 1H tmfr above green trendline - (38500 - 38 650)
Have a successful trading day !
Bitcoin Price Prediction AlternativesJust below us is the 100-week moving average. I expect a backlash from here. If he breaks this point, he can pin around 28.5K. I don't even want to think about below 28.5K support. The 50-month or 200-week moving average range indicates a pricing of around 18-19K. Technical support is at the same points. In the worst case scenario, we can see the range of 6.5-11K.
FTM Short after it's next rallyFTM is a fantastic project and I made a mistake not holding this short and entering long on TOMB Finance.
It will bounce as BTC will over the next week or 2 and most likely regain over the 2.1-2.2 area, here I will be exiting positions with whatever cash is left and entering short for the weeks afterwards. I will accumulate more FTM on the way down but it is never good to catch a falling knife. This chart looks to be a few weeks behind BTC's, which means it could fall 50% from here still.
Bitcoin is going down, as predicted back in December 17thBTC/USD: Follow up
So it took a bit longer than we thought but (unfortunately) we were tight.
Bitcoin dropped to the first support, closed the 4H candle there and immediately dropped to the second support line and bounced a bit.
What now?
Bitcoin will once again try to fall below $42,200 during the next 24 hours.
In case it will, we will likely see a fast drop to $ 40,000, hopefully it will be the lowest rate in the near future.
Follow the buying and selling pressure with the volume indicator, it'll give you a great indication about the possible upcoming movement.