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Btc-short

#BITCOIN starts correction or a bear trap?BTC just broke down the horizontal Value area mentioned in the chart. However, volume is not that much during the breakdown which makes us suspect about the current price action. What do we do in this situation? Plan (A) If Bitcoin falls below 9550 short it Nearly target 9350/9250 Plan (B) If Bitcoin move back into the range long with stop loss at below nearby low Nearby Target 10050/100080 Short term Target around 10500 I will keep you updated about it. Plz give like & comment your opinion.
BITMEX:BTCUSD.P
by UnknownUnicorn3648410
2
BTC is going to $9000On the 4 hours time-frame of COINBASE:BTCUSD , a bearish divergence is identified on the Relative strength index (RSI), which indicated a possibility of trend reversal. The current price is currently traded below the 14 period simple moving average (SMA) and trapped between the two fractals (between the red lines). It is highly thought that the price will visit low levels as it is also traded around a supply area. However, if BTC break upward, then 10.300 is the next target. What do you think?
COINBASE:BTCUSDShort
by xSamJuniorx
4
Scaling out of longs and into shorts temporarily BTC is a creature of habit. When we run up like this it is followed shortly after by big selling pressure. Scale out of your longs comfortably here in the 94xx range and into shorts. Ideal short range 9450-9600. Here are the reasons I would trade this. 1. RSI on 4h is 93 ffs. I Don't even need to continue after this but I will. 2. The Candles are trading way beyond both sets of the upper Bollinger Bands. Historically this is followed by sell pressure. 3. We're on a sell count on the 4h, 1d, and 1W. This isn't as a consistent indicator as some, but in this case it should be good. PT: 8500-8100 n the next few days or weekish. I am not an advisor and don't assume responsibility for your trades. Best of luck out there.
BITSTAMP:BTCUSDShort
by westonnn
1
BITCOIN, strong Resistance hence going Short opportunity Bitcoin has recovered massively since the last crash on March 13, but it has still a positive correlation with global market trends. It has broken a few resistance levels since that time but as it goes higher, it will face more strong resistance. As you can see on the chart, in the next few days, two long term moving averages are crossing each other near almost $7920 - $7950. I think that intersection will create a strong resistance and there is an opportunity to go short.
Short
by scenus
5
short for 7.4 at least. weekly camarilla levels +My reasons are labelled in the chart. Outside the TA there is the PA of people losing jobs and both markets being a bit over bought... but you know... I am sure they will buy forever before ever trying to eat each other alive. Anyway my bias will change if we get over this resistance These arethe brand new camarilla levels. Target would be around untested pivot to start you can search camarilla pivot trading on tg to find out educational area
DERIBIT:BTCUSD.PShort
by Gunslinger2005