Btc-short
BTC SHORT ELLIOT WAVE THEORY
Hello, just have done some elliott wave analysis. If we hit the top (yellow resistance), we could go down and follow the red channel. RSI looks like double top with 5th wave's top, so it seems that B is top. If trend will follow the channel, we could exactly bounce up at these levels. Hope this helps.
Thank you.
M.
MASSIVE SYMMETRICAL TRIANGLE BREAKOUT SOON ON BTC!WE CAN SEE THAT BITCOIN CURRENTLY IS MOVING IN A SYMMETRICAL TRIANGLE;
BULLISH BREAK-OUT PRICE TARGET: AROUND $ 13600
BEARISH BREAK-OUT PRICE TARGET: AROUND $ 7600
ATTENTION! THIS IS THE BLX CHART, THIS CHART COLLECTS ALL OF THE EXCHANGE PLATFORMS PRICES TOGETHER AND MAKES AN AVERAGE OF THIS.
I SEE SHORT BTC 1 TARGET TEST ZONE 10380I SEE SHORT BTC 1 TARGET TEST ZONE 10380
2 TARGET 10200 ZONE
3 TARGET 10100 ZONE
4 TARGET 9955 ZONE
5 TARGET 9615 ZONE
BTCUSD SHORT Hey.
Wave analysis and support levels indicate that Bitcoin and the entire market behind it will face a strong correction to the 7800-8000 area. After that, a strong rollback or flat is possible for several weeks. The second option is a hike to the first support level of the 9300-9500 area, after which the growth will continue.
The lend come back to earth.Plant the flag on the moon and come back please.
Need correction you are.
Short time with bearish divergence !
Evening Star ReversalJust something I've noticed here on the 3 Day TF. Pretty scary looking evening Star Reversal, I've circled the last 2 occasions these have occurred, definitely think it's time to favour shorts over longs imo.
Wyckoff distribution pattern?Just something I see, may playout, resting on an important fib level atm!
This is not a trade idea, just a overall market analysis!
Be safe!
BTC stuck in a range, hl short LIVE trade set upDisclaimer: This is not financial advice
High leverage trading is all about entries, you need to have patience and to not let fear of missing out drive you into opening rushed positions. Map out your trades in advance and wait for the right entry. Our aim is to capture quick & safe profits, not to predict the future, this is possible only if we plan ahead and wait for a good entry. So if you're nervous and itching to open a position then take a few deep breaths and don't trade!
Ok guys BTC is approaching the resistance of a range, SHORT 440
Entry: 390-440 SL: 440 TP1: 10k TP2: 9.8
Repeat of (March 2020) possible ~ $6000 to downside (yearly top)-Yurlo
Please hit that like button for creating this interesting fractal from March 2020 👍
Here's an interesting fractal from March 2020 I've decided to make a whole ass technical analysis for just because i'm currently bearish for $BTC (which could be wrong) however, I still believe that the current local top $10700 USD ~ will not be surpassed before seeing at least $9600 USD.
If this fractal did play out (which is impossible) ~ went from $6100 - $4000.
If bitcoin follows this fractal, it would take us from $9950 to $7850.
(in comparison to march to now - the top would be like 12.5k)
(we're here)
In comparison of March 2020 to September 2020 ~ see circles area with sideways activity (which is the current fractal we're seeing now - possibly)
It was 21 days from the "top" like 12.5k, before it fell off a cliff. ~ (stage 1)
Followed by a $1800 USD move to the downside. ~ (stage 2) ~ if we don't wick after the $9600 cme gap this is the likely situation to occur.
(from the low point - which would be 4k in March, which we should see around 6k) ~ (stage 3) ~ if we wick this far ~ could bonce off weekly moving average which is around $7800.
PLEASE NOTE: this is not financial advise, this is simply a fractal I've put together that I've enjoyed making & wanted to share with my followers.
Going down to 9k? In short, if (price) drops to 9k then moon.
If we don't break the purple rectangle residence area of [10.4,10.6| with good volume we might go all the way down to the green logarithmic support line of 9k.
Let me break down why I believe this could happen. This purple rectangle has been acting as resistance for a while now, and recently, we have been rejected by this rectangle area two times already which is bad, bigtime.
Now let's say we failed to break this residence and we head towards the downside, now the only thing left to do will be to find the landing zone, the good old 9.1k will do it just fine. 9.1k lines perfectly with the green line and the significance of this will be that the support is strong and once we landed safely in this support line maybe, just MAYBE this will be the last time we will ever see bitcoin at 9k.
BTC intraday. 2 possible routesroutes the bear intraday trader might got. stop loss not too much higher than H4
Thoughts on a BTC correction. DailyGap is there. linear regression channel support. L4ish on monthly. Decreasing volume with growing sell volume. PPO reading top. so is my TKE occilator over it. and the daily fisher transform seems to be flipping and its be at the 2nd deviation for a minute. and the red + sign is a daily wave trend cross.
Also since we are losing monthly H3 the typical camarilla pivot play would be to fade for other side of range
BTC Testing again the 200 EMA and support 1We have seen a huge drop of BTC to the precious support 1 and again testing the 200 EMA.
If it breaks, we will go to the 2nd support
What do you think ?
BTC might retrace due to its recent weak volume structurBTC might retrace a little, will look for short apportunities
BTC short double bottomIt's looking very likely that we will double bottom in this descending channel. This is bearish short term. short target: 10.900
BTC short double bottomIt's looking very likely that we will double bottom in this descending channel. This is bearish short term.
short target: 10.900
BTC back to 10k ZoneBTC found big resistance at the 12k, now is testing the 11k zone with no interest, will go to the big balance zone at 10ks. If volume shows buyer absorbing sellers good signal to buy.
Fake btc pumpWhen all say buy buy buy you must say - "why?" Do you believe in endless pump? I dont believe. Entry for short is 13..14k.
