🔴 #BTC short setupThe BTC chart looks bearish.
We've formed a pattern of a small base under a larger one, with a small base also located under the BoS short level at 29400.
I'm considering a scenario where price returns to the high-volume level of the larger base at 30262, and tests the imbalance range (30530-30900) from above before moving downward. At the high-volume level, I'll be searching for an entry into a short position with the following targets:
TP1 - 29285 - high-volume level of the small base
TP2 - 27660 - 0.5 imbalance of the 4-hour and daily candle
TP3 - 26050 - 0.5 imbalance of the daily candle and high-volume level at 25790
I will place the stop loss beyond the imbalance boundary at 31030.
Btc-short
short on BITCOINhi friends
By losing the $29,500 area, Bitcoin has provided opportunities for short trades.
One of these trading positions is in the $26,900 range, which is highlighted on the chart.
Since the 21-day moving average has been placed above the price in daily and 4-hour times, this has increased security for sell positions.
The price decline is expected to continue to the $27,000 support area, but since my trading strategy is set on the third target, you can see the short position signal up to $28,570 on the chart and you can follow the position to the lower targets at your own risk.
BTCUSDT SHORT OPPORTUNITYPretty certain nobody "wants" to hear this, but, here's what's likely about to happen.
BTC's been sitting ant the top of that most recent run for too long without retracing. The longer it sit's, the more likely it is it'll retrace really sharply. Remember those famous dumps? The ones that end trading careers (and likely at least a few marriages). That's what I suspect is coming.
It won't last very long, however, so if you're in a long position that's in the money, take some profit and short this sucker.
Re-entry ~$27800
BTC: new week - new opportunities!Good day, colleagues!
📊Weekly TF situation remains unchanged. The price continues corrective movement within the ascending wave.
Last week, the low of May was updated with price fixing higher. At the same time, IMB M was almost completely filled.
From below there is support in the form of 0.5 imb W and a block on the daily TF in the range of $23 896 - $24 670, which can become a target for further decline and an area for consideration of purchases.
🏳️Daily TF remains downward. Within the framework of the wave on junior timeframes, zones can be identified for searching for entry points into short positions.
🚩Locally I expect growth to $26,500 (not the exact price, other zones are possible) and upon confirmation I will consider short positions.
❗️Not a financial recommendation, before entering into a particular transaction, conduct an analysis of the asset yourself.
Have a great trading week everyone!
BTC to the HOLY TARGETAfter breaking down our current trend in the monthly timeframe, we experienced a fake break above the trend during the re-test process, but the price has fallen under the trend again. We can expect a pin below $10K, an accumulating price in the FWB:12K - FWB:14K range will easily take us to the Holy Target.
BTC Wave and price action analysis Hello, traders
As we can see, there is a bearish impulse wave and a regular flat correction pattern, and another bearish impulse wave started with increasing momentum, so the Wave analysis and price action indicate that Bitcoin is heading to break the bottom of 28500
Maybe VWAP bands are still the best?I know, I know, a very confusing title.
Point is, we have been running after far too many indicators to tell us about BTC happening, but the best one to support us during the volatile period is still the VWAP bands.
As we can see, price has bounced and being rejected from level 1 bands, upper side band. A very daunting place to make a decision of BTC future.
I would its possible that it can break and go to abyss or go to heaven.
My bet is abyss.
BTC Holds at Crucial Support AreaBTC is currently sitting in the Fibonacci 0.618 retracement area of the recent rise with support from the 200-period exponential moving average.
The loss of this place could take us to the 25K region. My opinion about the decrease to the 12-14K range has not changed,
I am waiting for the needles to the 9.3-9.8K range, but before this happens, BTC is still reading what it knows.
BTC Reversal & CRASH Coming!!! Bitcoin Traders About To Go Into
BTC Reversal & CRASH Coming!!! Bitcoin Traders About To Go Into shock!
Bitcoin has a Weekly Deathcross, 50 crossing below the 200 Moving Average, Negative Divergences on daily time frame, ( Declining Volume in a Rising-Wedge) In an outer potential Bearish-Flag.
A 2021-2022 Bars-Pattern/Fractal, non-adjusted, perfectly lines up with all levels.
It is the perfect storm for a 70% discount.
#NFA
INJ Trade Idea My thoughts on a bearish scenario for INJUSDT.
After a SFP (swing fail pattern) sees price come back into range and retest the previous high as resistance, as well as BTC slowing down its rally and losing momentum, this is when alts bleed heavily against bitcoin. INJ has an almost textbook Head & Shoulders reversal pattern that's broke below the neckline. For me, if price doesn't bounce at the $3.57 mark then these are my 4 Take Profit areas i'm looking at:
TP1 - top of the first bullish OB that started a very strong rally, no doubt there will be some buyers there looking to defend large positions.
TP2 - The base of the OB offering a better R:R
TP3 - An important DBR (Drop Base Rally) that offers a great R:R to flip long, maximising the full way down the previous rally.
TP4 - For me if we are to reach this area something has to go horribly wrong with BTC, perhaps down to the 19-20k range again which is possible but I do think a 50% retrace down to this level is unlikely, however a great short move if completed.
Financial Crisis 2023 Firstly,
September 2007 - Lehman Brothers collapse
March 2023 - Silicon Valley Bank collapse
Asset correlations (bottom pane):
Gold ( red ) - on a slow rise in 2007, same as today
Dollar strength ( blue ) - bearish in 2007, same as today
Nasdaq (orange) - bearish in 2007, same as today
Indicators' inference :
The top pane shows a logarithmic version of an indicator called MACD leader (zero lag). 2006 - 2007 and 2022 - 2023 have so far been the only years which produce inconclusive monthly signals since 1988.
The middle pane's aim is to signal simultaneous movements of securities and spread graph equations. Each line represents the correlation coefficient between the main chart and a financial instrument. Spread graphs attempt to illustrate peaks in inflows/outflows from equities --> safe heavens through correlation.
Similar to spread graph equations, the idea of accounting for the movement of capital to different assets was applied to make the main chart:
TVC:IXIC*10000000*((TVC:US30Y-TVC:US10Y+TVC:US10Y-TVC:US02Y+5)*TVC:GOLD)^-1
Finally,
Current Retest(D):
Same chart - Longer Period (3M):
Feel free to drop a question. Thanks for your time!