Btc-short
💡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.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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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.
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.
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
$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!
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Retest of the 0.618 fib level before higher highsRSI is looking bearish, volume is slowing down, Ichimoku on 15 minute shows a rapid increase in volatility
Expect to touch as low as 50,000 with stabilization around 52,829 - right on the 0.618 fib
Historically November 5th - 17th have been dump days for BTC, happened previously in 2017 with a 25% correction, followed by more bullish increases
'the calm before the storm' as they say
Looking for Sell and buy at the right timeHello to all
Guys, be very careful, we are in the correction phase, I think we should have a correction to the blue curve that I drew in the chart, and then we should think about long-term buying, so for now, think about selling in the upcoming opportunities. With Bitcoin reaching the $ 54,000 range, we can think about buying as soon as we see confirmation of the up.
Thank you for your likes and support.
Hidden bear flag, potential pullback to this level!This rising channel/ bear flag might indicate weakness in price action.
Pullback from this 63-64k is possible to around 55k, before we will eventually go higher 70k+.
Breaking back inside the channel will ofcourse invalidate this pattern.
Best of luck. No financial advice just my view on the market.