Btc-short
Bitcoin Situation3 of 3 strategies for short
....... broken levels
_____ active levels
_ _ _ potential levels
Large Correction happening at this very moment. Keeping it simple based on the weekly trend. We still have a few week to go to break out of the weekly wedge we have been stuck inside of for so long. I feel like were bound to hit the bottom of the wedge before we near the end and break upwards to the expected hype of the halvening which always has happened over a month after the halving. What do you guys think? Please like and share my idea. Thanks!
Huge Head & Shoulders on Bitcoin 4HHuge Head & Shoulders on Bitcoin 4H, target on $8.000... we wait for confirmation, to take this short ! 😎😎😎😎😎😎😎
-1BTC@9270 - CLOSE LONG[6660-9270] - PL: +$2,610 (+39.1%) - DUOT-1BTC@9270 - CLOSE LONG (6660-9270) - PL: +$2,610 (+39.1%)
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Close long on 4H & 1D, no short yet on 1W
#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.
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?
BTC/USDT (4H) SHort term moveHi Traders,
As you can see expected is last wave (v) of 3 or C to area 9700-10150 USDT. Then sell / short with tight stop-loss.
1) Bullish scenario = Retrace area is around 7500 usdt (in case of wave 4 of bigger degree).:
2) Bearish scenario = Drop below 7K (wait for waves to unfold for count).
Good luck and trade safe;)
Big Bitcoin Sell off before halvingTarget area 1 9100-9000
Target area 2 if more buyers 9300-9000
Take profit 5-8% Short below
BTC. Will BTC actually go down? No, maybe?This is something I’ve never considered. What if we just look at highs and lows. Forming a flag(triangle) what if the steeper side is the side the market will go towards.
Just sharing ideas. I think it’s going down, considering the amount of market time I’ve seen, I just want the truth. I don’t get too many of these moments. I maybe be wrong. But If it’s true and consistent that’s an added tool to the box.
BTC. DIVERGENCE? Will it go down? After posting about divergence in my previous analysis. I decided to see the largest market cap crypto, Btc. I noticed it has a divergence against the macd. I think a drop is coming. Get ready.
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.
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 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
BTC. This is my current view on the market! what do you think? We are currently in a correction period, and i think we will be retesting the lows of March be for we could potentially break out to the havling bull market. i often hear BTC completes 80% of its cycle before it breaks out, i guess we will see if its true now!
Please let me know if you think my theory is valid?
Short Opportunity - Rising Channel looking to failHi All,
It has been some time since I have posted a public analysis.
We are currently at resistance at the 7250 region. Difficulty breaking this does not bode well as the next order block has proven to be historically a stronger resistance. There are two primary trend lines that im looking to have respected. We could see a retrace to that 8K region however this seems unlikely.
We already tried to break the channel downwards once, the movement back in likely liquidated shorts. I believe this current minor pump to be a standard Bull trap.
Histogram and MACD weakening.
Volume is very low.
20,50 and 200 MA's are hugging their respective trend lines. Doesn't look promising for a break to the upside.
Lastly, we are looking to break to the downside of the rising channel a classic reversal pattern as well as the Ichimoku cloud.
Short entry @ 7149, Target @ 5671 (Next order block leg down).
Stop @ 7480. Can widen this if you please above 7520 region.
Thanks guys, leave a comment and let me know your thoughts,
Traders-Corner
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