Btc-short
BTC Adding further to short position.I am still holding BTC short from $52k. I've taken profits at the lows and have now added short again at $48800.
BTC has rejected from the $49k area and has low volume supporting these moves. I expect this to be a bull trap. Previous resistances are being respected. Until BTC trends sideways and breaks its downtrending resistance then BTC remains bearish. This is a good time to take some profits
BTC Still holding short from Dec 6 ideaBTC has remained in a downtrend since I first published the short ideal on Dec 6. I am still short BTC waiting on it to retrace into the green box area and test its upward sloping support on the long term.
Because of this I'm cautious entering any long positions as BTC will drag the market down. I'll be doing further shorts on alt's after BTC does a few more bull traps.
I have been short since $52k
Wyckoff Accumulation Bitcoin 4H and 1H update.Since the Spring of the Wyckoff Accumulation, we were able to predict the flow of Bitcoins price by following the Wyckoff market cycle.
We are now in phase D, were we will start the clear Sign of Strength move by creating our last point of support.
This will be confirmed if price comes back down to the $47,700 - $47,300 range, creating a higher low on the 1 and 4 hour charts.
If price were to fall to these levels, we are predicting that price will not stay there more than 4-8 hours before rallying back up to our current resistance levels of $49,000 - $49,700.
BTC Potential for next year 2022. So previously on my Twitter, I called the top where i did indeed take a sell position, but never the less looking more in depth into the coin. We can see what I saw the last time BTC dropped from 55k to 30k just on a bigger timeframe. I am referring to the fact we have a Trendline which is currently being either tested or broken around the 47k-52k mark. As you can clearly see we have created a pin bar candle just in between the 20 and 50 day ema followed along by a straight bearish candle which shows no upside wick. That gives me an indication we could easily retract to the top of this candle giving hope for the trend line but i do strongly see rejections followed @ 52924.50 where shorts will be taken down easily to 19666.00. Once we reach my target i do potentially see BTC as a healthy market and i look to invest monthly into it as a growing asset.
BTC Short Idea So far Bitcoin has fallen over 17% in December alone. BTC has repeatedly broken support and is setting lower lows and lower highs almost every week. The market sentiment for cryptocurrency markets is mixed but leaning towards bearish as of late. Right now, the price is trading underneath overhead resistance and is failing to break out of it. A likely scenario for Bitcoin is for a failure to break past the trend line and ultimately for the price to retest the 46.7k Low. The stop-loss area for this trade is located just above the 50.7k zone.
MATIC Short to $2Broken trend line, exit long positions that aren't staked and holding short now till around the $2 mark. Volume had dried up to support the new highs. Long term I am bullish on MATIC, I just feel with BTC weakness this will suffer.
Entered short at 2.22, PT1 $2. Will hold for longer if BTC keeps falling.
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Next wave down for BTCThis shows the energy will likely take us down to test the LOW and I have an alert set at 41990 to letr me know when 42K breaks. I'm looking to close another massive short on BTC and many others when BTC hits 37K. But from there I think we could see wave 4 and 5 trake us down to sub 30K. My extended Target ZONE is 31500-29500. I think we will need to get back to these levels before we can expect any bullish moves from BTC. I still see lots of profit taking. The B wave was nothing more than institutional sellers selling into that pump to 49K and as I said before we will now be stuck under 50K.
💡Don't miss the great Sell opportunity in BTCUSDHi dear traders
For now, you need to think about selling bitcoin 😊
Do you want to know what will happen to Bitcoin in the coming hours !?😉 See my analysis and take advantage of it.
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BTC/USDT ShortThe BTC/USDT chart pattern is showing a decline. This is supported by a pattern that may repeat itself, coupled with news that crypto is banned in several countries and market behavior that thinks "BTC is too expensive" which causes FOMO in the crypto market.
“Learn from history or you're doomed to repeat it.”
― Jesse Ventura
BTC shortFollowing is the downward trend of BTC in one channel and below the midline of the channel forms a W pattern which does not have much chance to complete this pattern and go back up
Because it has shown strong resistance to EMA 20 and is more likely to fall to the bottom of the channel.
If on the bottom of the channel that price range is 54,200 , It can have further decline up to the price range of 52,200.
Even if there is a climb, it is a good exit opportunity for people who they bought at high prices in the hope of higher prices.
Weekly and monthly BTC chart shows hidden divergence in MACD and RSI indicators
BINANCE:BTCUSDT Which reinforces our downward scenario.