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Btc-short

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
BTC?! 30K IN PICTURE.From my post on the 27th August, 2021, we have seen BTC hit the 52k and 40k targets. As things stand now, BTC will continue its dump to at least 30k (we can easily hit 28k) in that major support zone. Once we get there, we will see whether the price of BTC will hold over there and turn around or will continue its rally down but at this point in time, you can find a short entry to anywhere around 31k-28k. Manage your risks well and trade cautiously. See you at 30k.
Short
by nanay4w