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Btc-short

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.
BITSTAMP:BTCUSDShort
by Corona-do
Is It *Finally* Time to Short BTC?A downward channel appears to have formed on the daily chart. Whereas $10,000 to $10,500 was the previous and impregnable resistance, bulls seem to have backed off. $9500 is the new $10k, and price seems to have tarried in the $9150 to $9400 range, which previously looked like a neutral zone between bears and bulls. At the moment, we are rejecting off that $9150 on the daily. There is much resistance below $9k, and price could well go sideways for a while, BUT July has not been a good month for BTC in the past, and the drive past $10k seems to have petered out. A short position bought into between $9150 and $9500 may pay off in the near term. Targets start at $8800, then $8500. If $8500 breaks, possible stops at $8200 and $7700 would follow. If $7700 breaks, we might be in for a monster crash. Will update as and if we approach that level. The white ellipse corresponds to the first three days of July, and at the time of posting, look interesting as a potential break point for BTC below $8700. Let me know if you are following along and how your trade goes.
BITFINEX:BTCUSDShort
by DoctorWhat
3 SCEANRIOS WITH LONG TERM BULLISH BIAS - YOU DECIDE 10500 is a historical resistance that we've already been rejected from. 7800 - 8100 is needed in order for the structural integrity to be maintained in a healthy way. Ever since 10k we've slowly bled all the way to 9k (where we're currently stuck under 9300 and above 8800 support. In my view of perspective, market makers & exchanges cooperate with each other in order to push price up higher to trap new traders into thinking it'll break the 10k historical resistance. Is this still possible? OF COURSE. Is this the trade I'd take? Nope, I'd rather wait til 10000 held on a daily candle before even considering bullish bias. It's easier for whales to dump the price $1400 to $7800 then it would be to break the historical resistance at 10500.(where my bias is originating from) In conclusion, I've created 3 scenarios for price action to lead towards. Why? I want you guys to read the chart and make your own bias! I'm here to create the visuals to help you see key area's. BUT it's your job as traders to do what works for you! Either see you guys below 9000 or above 9300.
COINBASE:BTCUSDShort
by Yurlo
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