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Btc-short

btc usd weekly / monthly retest done, We have just completed a proper re-test of the downtrend on the weekly and monthly charts the Connors RSI was warning of this way before it happened if you want to use the MACD properly you need to use multiple timeframes you cannot rely of one time frame combined this with the Connors RSI and Fibonacci levels, along with your up and down trend lines, I’ve noticed a few people seem to forget that up and down trend lines can be broken without upsetting the overall market bear or a bull In order for this to happen normally the market moves past the point on where a break would signal a ball run once it’s done this breaking down trendline is acceptable you’re now looking at a higher timeframe with support and resistance levels Fibonacci to get what’s going on Once again do not get stuck on one time frame you need to see what’s developing through the market. The best indicator that’s been really showing when we were gonna get those pumps and dumps during this move was the ten-week ema Blue line on my chart using the MA ribbon most of our moves in the lower timeframes were shown out in regards to the 20 day SMA and that 10 week ema On the higher timeframes you’ll notice that the blue line the ten-week ema has started to curve. Another tip I’d recommend is don’t get caught up too much with the MACD in regards to its red and green candles you can gain a lot if you zoom right in and have a look at the angle of the tips of the lines in regards to what is going to happen once again scroll two time periods back and two time periods forward do this a few times till you see the pattern. Most of this will not work if you are under the 15 minute timeline you’ll get lots of fake outs misdirection and your emotion will get in the way That’s not to say under the 15 minute time frame doesn’t have it’s advantages it’s a great practice area for drawing out your patterns and looking for chart patterns historically but not all those patterns are going to play out with their break now due to it being on a lower time frame the volatility will cause problems and without zooming out you may not know where the cliff edge is. For those who are interested in learning - my bag of indicators that work for me personally is the Connors RSI MACD Fibonacci retracement or extension and the MA ribbon with the 50 day sma change to 10 week ema and I want to advise people that grabbing one indicator of another trader and adding it to your setup may not help you each trader has their bag of tricks that works well for them together in the way they read the market, do you want to understand the person you’re getting your advice off and how they work those indicators together to create their chart TA. I’m starting to change the way I engage and I’m more likely now divide you knowledge rather than targets. And I can’t stress more about blindly following people. If you’re a beginner and you’re looking for knowledge for your own benefit do not try to get it from the TradingView chat room it is the worst place there are some diamonds in the rough there you guys know who you are and they will do their best with knowledge for you to decipher. I hope this helps I’m trying to be more informative however until I have voice dictation set up on the actual computer my ability to engage and go back-and-forth on proper information is going to be limited this will change in about a week or so till then play safe people risk management YOLO is a no You’re ever concerned about the market you heage your positions in regards to your risk assessment. I’ll start covering market dynamics and the social side of it psychological side of it down the track. And for those who weren’t here for the 2018 winter beware fake news from so-called insiders the Amazon scam still trying to run and posting releases and complaining that their last release was taken down there the guys who did all the buying and I’ve just made a fortune at your expense. And if they’ve got anything left from that once they think the gigs up they’ll pull the rug. This happened in 2018 about the same time same point in the market with another scam just like this. Double triple check your sources do not madly re-post information as you are supporting their cause. Play safe everybody best of luck DragontecX
BITFINEX:BTCUSDShort
by GeTsMaRtNo99
9
BTC - Whales net! MACD & RSI div- When the rumor spoils the technical analysis!! Bitcoin is at a very sensitive point, resistance 40 to 42, which is very crucial! I do not work with indicators too much, not only are they bad or incorrect, but they are also very accurate! The fact that I do not use the indicator much because I have my own scalping strategy, but I use it a lot in long-term analysis. If you know a bit of analysis, you have definitely heard the name of divergences! This means that if the trend on the chart is in line with the trend of indicators such as MACD and RSI as well as Volume, the chart should continue its trend, but when the two are in conflict with each other, there is a negative divergence and the trend will change!! If you look at the analysis, here are 4 red arrows in the indicators down and a green arrow in the chart is up! These 3 POWERFUL indicators show us negative divergence and future change of trend! Leaving aside the specialized discussion of technical analysis, let us turn to the subject of WHALES! Over several years of experience in the crypto market, which is easily used as a toy for whales and others... And we have seen many times that the thinking of whales is exactly the opposite of the common people and they make money this way. After a popular poll in instagram, more than 80% of people predicted the rise of Bitcoin for next week. The tall green candles are just like the net that the whales spread out for the common people and wait to be caught. So be very careful and note that there is no definite forecast in this market and bitcoin may rise to 60,000 after this post. And I left the analysis of the indicators to you, and the indicators are known as chart pathometer (Lie Detector of CHARTS). Judge for yourself With thanks and appreciation to my dear friend @morteza-rainman whose analysis of Bitcoin is down here.
BITSTAMP:BTCUSDShort
by aqayesalehi
5
btc short 2018 20jul to 16aug time to 2021 20jul to 16th augWent back and did a little work as this is déjà vu for me from 2018 and I was really surprised to notice the dates as well as the indicators almost perfect uncanny really have a look on the chat and scroll between the two date timelines which will be in the yellow boxes better view on the daily, you’ll notice the similarities between the peaks in the indicators Connors RSI the MACD and the moving average ribbon Which I have set up with the following 20sma 10 week ema (The ten-week ema is a great volatility trigger I have found it also reveals big moves about to happen and trend change) 50sma 100 an 200 Sma’s Learning charts patterns and indicators are the easiest of all controlling emotion will be the hardest task of them all See what you guys think 🤓
COINBASE:BTCUSDShort
by GeTsMaRtNo99
8
Immediate SHORT opportunity on BTC as pullback is expected...Bitcoin's price today is at $38k level, with a 24-hour price decrease of -1.84%. As predicted, price is headed to test 40k resistance level , with already 4 out of 5 targets reached since the LONG signal (please view the related idea). MACD crossover, indicating a strong bullish pattern while moving averages are flattening, suggesting a pause of the downtrend momentum. Traders who have bought at the stated entry price (please check related idea from one of our interns) could benefit 31% gains! Even if in the long run our expectations are bullish , an immediate opportunity has been spotted! Daily or swing traders may partially disinvest from the long position & go short ! On 4h chart in fact, RSI index is strongly overbought and there has been already a volume confirmation, all those being signs of a possible pullback up to 32k area. Daily chart is not overbought yet, so I expect the price to rise over 38.5k level before the the pullback occurs. ENTRY PRICE: > $ 38.4 k TARGET: $34k / 33k / 32 k STOPLOSS: $39.4k Historically, whenever the price had a rally from the bottom of the Keltner channel to the upside, an immediate pullback occurred to the lower side of the channel. We expect the asset to consolidate then in 32k - 36k range, before going up to 40k in mid August as predicted. In fact, BITMEX funding index shoes negative rates since May, suggesting longs are paying shorts. Historically, whenever a long series of negative funding rates occurred, a bullish breakout happened. Stay tuned for more ideas and please follow us on Twitter as well.
Short
by vf_investment
Incoming PainWe have to dump before we can pump. Can't get to max pain in the 30's, and between TA, the fud in the news, and the fear surrounding the greyscale unlocking on the 18th could give us a nice dump in the coming days. Even without it, we've broken down out of a wedge (that was inside of a triangle), and there's an argument that can be made for a puny h&s, so down is gonna happen more likley than up right now. This most likley will be a slow bleed to the low 30k's over the next few days, then on the 18th when the unlocking happens, that could be a catalyst for a dump to around 27k, potentially as low as 25.6k. This will not be quite enough to hit max pain, which is probably going to be reallllllly close to the previous cycle ATH around 19.4k. We will likley bounce to 33-35k again (probably on the lower side), so we can repeat this cycle of hope and despair that sideways causes, but there will probably not be any more bouncing around after that. The next time we go down will be max pain, and the market will finally break out up or down, ruining us or making us all life changing money. Try not to get shook out yet, the best is (probably) yet to come
BITSTAMP:BTCUSDShort
by CryptoidiotQ
3