BTC RejectionBTC shows signs of rejection to break 35k in the 1D TF. Breaking below 29k is still possible using the bearish Wyckoff pattern.
Btc-short
Undoubtedly BTC is heading EMA 100 and 200 as a supportHi guys
here is what I'm thinking and I'm pretty sure about it
24000 is short-term and 19000 is midterm destiny for BTC
we are in middle of bear market now
We have a weekly close below the EMA RIBBON!Now we are in a weekly bear market and even worse, we broke down from an ascending triangle with a target of 22k. I think we will see a dip to 25k in the next days. I will upload for you.
bye.
Eur/Usd Channel scheme. Eur / Usd trends in sell. The pair is ready for a downtrend (1.16999), but a small uptrend (1.18200) is likely to occur.
Target one: Buy 1.18200
Target two: Sell 1.16999
Don`t forget to look the economic calendar.
THANK YOU!
GOOD LUCK!
BEARISH BTC There are two bull flags formed on the daily chart as shown. I have put a personal "buy box" at the bottom for when the time comes on a long entry.
BTC breakdown shortBTC breakdown dynamic support & failed retest.
Short entry 33900-34300
S/L 35200
TP1 30300
TP2 29400
TP3 26900
TP4 25150
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
which senario ? red or blue ?road to 100K BTC price is from 20K where RSI will be below 20 and market in sell pressure.
DO you agree ?
NFA
BTC SHORTBearish market now. Possible correction up to 34k area where I will take a short position. Don't risk more than you can lose. Trade responsibly.
Get ready for another short in BTCi think this is going to be the last bottom for bitcoin, if it happens!!
BTC | Shinking volume and voltilityBTC we see the breaking of trendline(from 28800), and a low volume rise but rejected by down trendline(red one), I guess a big short chance is opening.
If the price jump over the creek(>35k), the short pos should be closed.
Another option is to take a long pos when the price break the down trendline, but the long side better wait for the second test.
BTCUSD ⚡ Price IS Moving DOWN 📉So. Bitcoin continues to fall. So far, I don't see any moments that would make it clear that the instrument will grow. The pressure of the bears is strong. Support level is ahead, I expect breakout
Do you agree?)
Your Solldy.
BTC Bearish in 4h time framehi guys, our previous analysis with SIMS strategy for long went well and targets achieved. now here, i have short situation for btc( as i said in my previous chart) which is confirmed now. so, i have 2 entries which is indicated with gray( but i think higher entry wont be triggered because of that heavy support( thick black line) which broken previously. the tps are thin black lines.
BTC SHORT IDEABTC SHORT IDEA. WE SHOULD ALL BE IN OUR BTC SHORT BY NOW. THESE ARE THE 3 MAIN LEVELS I EXPECT BTC TO TOUCH BEFORE CONTINUATION UP. I WILL BE HEDGING ON EACH PT AREA AS I STILL EXPECT SOME SORT OF BOUNCE FROM WHERE PROFIT ON SHORTS IS TAKEN. I WILL BE CLOSING ALL MY SHORTS AROUND THE 3RD PT AREA AND HEAVILY ENTERING LONG POSITIONS. STICK TO WEEKLY AND MONTHLY TIME FRAME AND YOU CAN NEVER GO WRONG. ENJOY!
Bitcoin Idea: Wyckoff reversal, temporary correction + peak Dec.Many of heard about the storybook Wyckoff schematic that took place recently and let bitcoin dump.
This method is used by institutions and whales to take maximum profits and demoralize the small investor. It seems to work out just well.
This idea shows the "bullish" Wyckoff method as a reversal to the bearish one right after.
Of course, everything is possible, a longer bearish period, an instant reversal, or a sideways movement. I think the last one is most likely to happen because:
Bears and bulls get demoralized, fear on both ends "boring" sideway movements let people a little bit out of the mania. But they will come eventually back with extreme FOMO. And in another uptrend they supporting the buildup of that parabolic move we all need to see for the end of this bullrun.
Its staying interesting guys be thrilled!
BTC Descending ChannelsSome people are talking about an inverted cup and handle starting in Jan.
Or a mega head shoulders. Perhaps too big in time bars.
Anyways, down trend is pretty clear.
Only time will tell if we get out of this.
I think there will always be some hope till we hold 30k no more.
Good luck.
