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Btc-short

Btc Bear scenerioBTC trending downwards showing bearish price divergence and with rsi and mac d trending up on shorter time frames but price actions not following suit insinuating weakness in the market for the short term we would infer that a abc correction on the completion of the 5 wave is ahead of us. major point of support lies at the 62.8 fib level as well as a price action support line. everything lines up to wear mac d will not cross over to the negative on the daily adn rsi will go to a comfortable point on the daily.
Short
by tpaliotte17
Bitcoin possible bearish fractal spotedBTC did new ATH with bearish diverengence on the DMI ...If history repeats itself ,we might have another push (probably to 70k)to grab that final liquidity on lower high @ dMI and we price could print triple bearish divergence. We had one back in May.Just like in May ,the ADX is also low ,signaling a strong move.We lost daily BB middle line ,that usually indicates a retest of the lower line ( bearish ) If fractal plays out ,a big dump could play out in the next 2-3weeks. On the grand scheme,a double top ,one in May at 65k and now at 69k ish ,would look extremly bearish and could send BTC into a prolonged bear market Target1 :22k Target2:19k Target3:14-15k
BITMEX:BTCUSD.PShort
by Sam111
$BTC taking profit 8% gain*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Recap: My team entered $BTC at $60500. We planned to take profit at $72000 but we are now having second thoughts due to a really tough wall of resistance around $65000-$67000. My team is taking profit here and thus closing out of our $BTC trade at $65451.36. OUR ENTRY: $60500 TOOK PROFIT AT: $65451.36 My team made an 8% gain from this trade! Congrats to those of you who took this trade! If you want to see more, please like and follow us @SimplyShowMeTheMoney
BITSTAMP:BTCUSD
by SimplyShowMeTheMoney
BTC Update! Another battle with a strong resistance !BTC is facing an important resistance again ! who wins the battle? Lets follow! It seems that we are still in wave B of an ABC form of correction and currently BTC is completing its wave (c) of B. If true, a huge decline is on the way to start wave C in the case of strong bearish reaction to the proposed resistances. Proposed resistances are formed by cluster of Fibonacci levels of different Elliott wave cycles. Please note that we never go short without a bearish reaction to a proposed resistance and we set our protective buy stop if we opened a short position. Good luck every one !
COINBASE:BTCUSDShort
by SaeedSajedi
12
Crazy Divergence RSI With the ETF news coming out tomorrow I think we could see one final fake out pump to trap some bulls before we head to the downside.... The reasons being... - Extremely bearish divergence on the 1 Week Chart as well as the 4H , 1D , 3D - ETF news coming out tomorrow (Buy the rumor, Sell the news) - Long overdue for correction - Still havent broken above the yellow line as graphed. - One of the top 3 largest BTC holders have been heavily unloading since 50k. - Everyone is optimistic - Greed/Fear Index is at EXTREME GREED - Volume is significantly lower than the last time we were at this price. - Most bears have flipped bulls due to weekly candle close at ATH
Short
by Nutty_Trader
7
BTC Short Setup followed by a LONGAll the signals I use for a short are confirmed here unless we make another move up soon. First, we got rejected by one of the most important resistance levels. Then we have the 3rd bearish div on the 4hr RSI, decreasing momentum, the volume spike levels are dropping, and the OBV is flattening out. Try to find a good entry and good luck but... be careful! The only support I would be careful of is the 4hr 50EMA/1hr 200EMA(they are pretty much the same). I say this because the last short idea I posted I specifically wrote in the comments to close the short at the 1hr 200EMA, and that is exactly where it bounced; because of historical TA, those levels cause large bounces when BTC is very bullish so be careful! If the 4hr 50EMA holds, we will test the 58.4k resistance level again. If the 4hr 50 EMA doesn't hold, I expect the dump to go down to around the 4hr 200EMA. I would close my short just on or barely above the 200EMA or at least close 50-75%. If the 4hr 200 EMA holds then I would long ASAP once it is confirmed because it will probably then go to test the previous ATH.
Short
by PureHopiumTrader
6