Btc-short
BTC still a sellIn my opinion BITFINEX:BTCUSD is still a sell.
Don't make the mistake and think it can be a hedge or store of value in modern times. An asset that volatile can, at this moment in time at least, never be that.
So long story short, I don't think that it will go any higher even with institutional investors. They already bought their share, the last really was fired up by FOMO.
Is Bitcoin losing its steam?This is a possible Bitcoin short scenario. Bitcoin is struggling to break the key resistance level at $41.5K to reach new ATH's. If the resistance level is broken, this setup will be invalidated. If this setup plays out we should be able to find support at the monthly support level at $29K which would result in a ~30% dump. This is a a healthy correction for Bitcoin in a bullish market cycle.
Has the big correction started? or cheating again?Hello dear friends, I am going to describe this trading one for those who trade by private analysis.
But I decided to share these thoughts with you here.
Please read this to the very end.
At first:
According to my observations, the way the market is being conducted now is the first sign of a market reversal.
And the price will be updated to levels such as 36500 - 34800 -32,000 - 27000.
I'm not saying that it will be right away, that it will be for one candle on a 5-minute TF - No, I only write what the market gives. It is at this stage - for me now this scenario is more priority than updating 48000-50000.
I do not want to mislead anyone, and give hope to "sell everything" - again no.
I say what I see now. Now about the specifics - If the price is closed today below the level of 38000-38450, it is definitely a short position, because with this fall we close all the previous growth.
Look - today many traders on all platforms shouted that bitcoin flies to the moon (at 45000-50000-55000)
We, on the contrary, took the shorts, and what happened in the end ... the result is visible.
Now one more thing, the price was lowered to such values, at which stop losses were destroyed - experienced traders. (the margin of the bitcoin price is about 2800-2900 points)
the price on the impulse was broken through and returned back to the level where our first take profit was.
Therefore, be very attentive, if the price of bitcoins is led beyond the level 39350-39950 - they will trade there for more than 2 hours, or there will be an impulsive closing of this level - definitely a long position for updating 42000-45000-50,000 and 55000 (I will write as all ahahaah)
But I expect a fall further, without any price adjustment, but just each level is a small return, and a fall is a small return, a stop and a fall ... you can't just give the opportunity not to take money away from the longists, if at one time, they have money - you need to do everything slowly and accurately, without strong impulses, with the hope that the price will be restored.
BTC / USDT - 38,000? Is it real now or is it a big correction?Hello dear friends.
Is it possible now to see the price of 38,000 per bitcoin on such a market, or still wait for a big correction?
Write your opinion in the comments.
I have
NEW preliminary CME targets for January 2021 have appeared on the market. They look like this:
🤑 Upper limit 38200 - 34400
🤑 Lower limit 26400 - 22600
What does it mean?
So this means that with a high degree of probability, by the end of the month, the price will be in one or another range that I gave.
- We have very large sales (bright red rectangle) price values: 33750 - 34450
- We have a strong resistance line - level 34150
- We have an ascending triangle + channel in which the price is traded.
- We have another meaning - namely, margin trading - bitcoin price movements of 2500 points.
- We have a lot of unclosed GEPs (yes, I know that they do not always close) - but before that 92% - everything worked fine.
- We have growth without correction
- Candle analysis indicates a drop in forces ...
and many other factors.
How do you know which position to enter?
Watch the level 34150 - if the price is above this level, a breakout on the impulse, trades above this range, (1-2-4 hours TF) is definitely a Long position.
In the meantime, work from the short position, since, according to my observations, the price will pull to the lower values of the CME.
We'll see.
Since I suffered a small minus today, I decided to take a break and see how the price would react (I have the most important short position - open from 34450)
Therefore, I open another position from 33750 (the range I wrote about)
Same as in the comments about the strong level 32500-32700
Everything works fine)
The trading idea is below - you can see.
Sale from 33750
Target: 33050 - 32580 - 31900 - 31500
Stop Loss 34190
A lot is solved by the yellow rectangle
And I immediately warn you - if the price returns to the range of 33750-34000 - I will do the reverse position without hesitation
Since there will be a double bottom pattern, and we are able to calculate the size of such patterns)
BTC The hanging man and the hammer The hanging man and the hammer are both candlestick patterns that indicate trend reversal. The only difference between the two is the nature of the trend in which they appear. If the pattern appears in a chart with an upward trend indicating a bearish reversal, it is called the hanging man. If it appears in a downward trend indicating a bullish reversal, it is a hammer. Apart from this key difference, the patterns and their components are identical.
BTC Pumping and Alts LackingHi everyone,
Bitcoin keeps pumping but Altcoins keep lacking behind. Alts will only rise if Bitcoin starts a sideways movement, but if we see a dump right after this pump all Alts will only keep bleeding. I'm setting up a short swing for the main altcoin Ethereum, high risk because the trend is still up. Bitcoin is still in a long area.
- Plaxidoeda | Hans
Open a new short Position (Last Short +860pips)Hello dear friends, I am writing to inform you, that I am planning to open a short position from the current prices.
Because we have strong levels, the price is sandwiched between them, and in my opinion, they form a "head and shoulders" pattern
We also have a bearish triangle drawn on the chart, and the price is again near the strong level of the market maker.
The volume falls - the price rises.
Perhaps I am disconcerted, but I again made such a decision for myself!
Sell 23400
Targets: 23100 - 22870 -22650-22440
Stop loss: 23950
I also open one large short position - from this price 23380
Sell:23400
Targets 22500-21950-21360-20820
Stop Loss: 23950
I understand that everyone is waiting for the price to return, and that it is impossible to trade against the trend, but I don’t want to open long positions, I just don’t want to, because there are many facts for me about the price decline ...