Btc-short
CAN WE SEE BTCUSDT @ $18 500 AGAIN? I think we can see BTCUSDT trading as low as 18 500 dollar area in the near future if and only if it doesn't establish another new higher high pretty soon and in order to do that the price of BTCUSDT has to rise with 25% and then we would also need to see a new All Time High after that for it to break this pattern and that is more than 40% from its current price. This will be very interesting scenario both ways.
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Disclaimer: The content covered in this channel is NOT to be considered as investment or trading advice.
I am NOT a financial adviser. These are only my own speculative opinions, ideas, theories, hypotheses and trade setup ideas on the market. The content posted in this channel is purely for entertainment purposes only and the information is NOT to be used or replicated by others.
Upwards trending channel in BTC/USD chart.Upwards trending channel with a slight bearish sentiment. OBS If we break the lower line, make sure to wait for conformation bounce and enter trade after we passes the bounce price.
I give it a about 70% chance to break down and 30% to break up because of the sideways trend bitcoin has established, also it fits the pattern with a small drop in prize.
Follow me for more trade ideas.
In the red box might be the key...(Yet again) - Target 33k"Por que no hay deuda que no se pague ni plazo que no se cumpla" (That's a Spanish saying, it just suits)
1Hour chart is trying to go back to the red box. If the bottom side of the box turns into resistance we are most likely going to 33K (a tiny bit bellow).
Trade wisely, this might be a sweet short. Keep calm, look at the patterns, consider your favorite indicators and don't keep in consideration your ideal scenario, if you are holding long-term this is healthy. Hopefully even better than just crazy unpredictable UP UP UP. We have higher highs ahead, just gotta be patient. "La paciencia es la madre de todas las ciencias (y virtudes)" (Yes, another one).
Shout out to @YurloTrades, i pretty much based my targets on his brilliant analysis.
Wish you all the best of lucks.
J.S.
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.