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Btc-short

Declining Strength & Increasing Supply --> take a guessFunding still up near .52% for the current session ending in 50 minutes & estimated .8% for the following. After a failure on 3 attempts to break the 9400 resistance, buying volume keeps decreasing & selling pressure is staying the same at worst. Would expect at a minimum, 9200 to be retested but more than likely we head to the top of the old TR around 8950. Would like to see a strong volume bounce there to have faith in this rally extending, but would be surprised if we get it. Meanwhile, all major indicators showing bearish divergences, confirming the signals supply and demand are showing us right now. Given sentiment and bullish parading after blasting up above $9k but on rather "squeezy" price action, max pain theory (market will move in whatever direction causes the most pain for the most people) seems to indicate a short term down trend as being most likely. Lastly, all the major alt charts vs usd still look like death. much lower highs on very weak volume during the last btc run. Not finding a lot to be confident on in this market right now, despite btc being up 25% in the past couple weeks here.
BITMEX:BTCUSD.PShort
by chazd
Emergency Short -35%!! (Part 2)Hello my crypto people. Again I want to give thanks to my two most influential Technical Analysis masters, MagicPoopCannon and Botje. In this example I am proving that 1) we are still in a bear market, 2) It is a very risky decision to enter a long position, 3) Bitcoin prices has gone up mainly because of political factors rather than fundamental properties. I don't have any political inclination towards any country or any political party so this paragraph will be based in scientific psychological facts, political strategies, and current political events. If you all remember, BTC's price started to rally when the trade war between China and the US intensified, however we all know that both economies have to settle and eventually end the trade war. This is more of a strategy for Trump where he creates a problem, blame the enemy, settle, and finally tell the people that he solved the problem that the enemy started (this is basic psychology in politics). Regardless on who is the bad guy (China or US) a settlement must come before the elections because Trump will definitely do everything to get re-elected. A settlement between China and U.S. should come sooner than later and it could be a massive catalyst for Bitcoin, bringing the price of crypto market down. There is another political factor in favor of the bulls which is the tension between U.S. and Iran with the recent problems with the Oil Tanker. HOWEVER!!! Let's give some focus in the technicals. WEEKLY DOJI ----- Two weeks ago we initiated the reversal trend confirmed by the nice and beautiful doji candle combined with an extremely high level of the Stochastic, which historically represents an initiation of 35-60% correction once we reach these stochastic levels. (Go check yourself what has happened every time BTC reaches 80+ stochastic in the weekly chart) THIS IS A FAKE BULL RUN!!!!!! ------Why I am so sure this is a fake bull run? Historically bull runs that usually happen after corrections happen at stochastic levels around 60-65, which I nicely circled. Right now many people is very optimistic that we are actually in a bull run but if you guys notice this bull run started at 80+ stochastic which gives me a solid evidence that this is a fake bull run and we will not grow organically to $20k yet, perhaps I am extremely negated that we will actually have a bull run to $13k. WHEN WILL THE BULL MARKET BEGIN!!!!!!!!???? -------Big Triangle Consolidating Around December/JAN OF 2020. Bitcoin has shown a strong position and strong organic bull runs trigger near December, coincidentally where my triangle consolidates. WHAT WILL HAPPEN NOW???!!!! -----For now I expect that the candles go back down near the EMA50 (blue line) which would effectively trigger the correction back to the $5.5k-6k level. Historically, every time that we reach current stochastic levels in the weekly chart a massive correction happens. I am linking my previous idea where I make emphasis in the stochastic indicator triggering these massive corrections. Please follow, and if you consider this a good and logic Technical Analysis give me a thumbs up!
BITSTAMP:BTCUSDShort
by Cincottitrader
3
BTC/USD TECHNICAL ANALYSIS - DOWNTREND IMMINENTMorning all Just updating my take on the current BTC prive movement, i previously stated we are commencing corrective wave C, which i think may have been a tad early. Ideally, we are still in a continuation of corrective wave B and find a local top around 8400 zone before moving into our descent and the beginning of wave C.. This would complete the current H/S formation that is blatantly obvious as shown above. FIB extension of wave A shows the ideal length of our C wave if this analysis stands true and corrective pattern is respected, i am still looking between .5 and .618 for buys as stated previously, though the C wave area shown could find support as something to keep in mind. FIB retracement of complete impulse move historically .5 to .618 - standing by this area. Thanks, Fray
Short
by BTCinsights
BTC BUYZONE TARGET - BTCUSD #BITCOIN Hi all Brave index on the weekly.. Closing Doji on completion of wave 5 and ABC correction initiated. Head and shoulders formation inbound further verifying the imminent reversal we are about to see over the next week. Text book ladies and gentlemen! look at historical trends and verify retracement areas with Fibs, we generally see .5 to .618 before starting the next wave cycle. My accumulation zone is highlighted between .5 and .618 with staggered buys throughout.. Thanks for reading. See you for the next leg up! Fray
BNC:BLXShort
by BTCinsights
2
Bitcoin: Potential Bearish Divergence TargetsCoinSavvy here with a price update on Bitcoin . Things have changed, and I want to update my analysis and my trade game plan. I have exited my Bitcoin position as it closed multiple 4-hour candles below $8400 (see “Bitcoin: Higher Time Frame Breakout Series – Daily” linked at the bottom of the page) for my setup there. I had entered in around $7400 ever since the 3-day chart told me to enter when it closed above the 200-day sma (see “Bitcoin: Another HUGE Move is Brewing!” linked at the bottom) for my setup there. Now that we had a giant rejection at $9,000 I want to gather some information in case things turn over for real here. Tonight, Bitcoin closed the daily, 2-day and 3-day candle around $8275 but more importantly it put in a low right at $8,000. If we tick back down below $8,000 with these new candles, then that would be considered a local top which would print out some pretty nasty bearish divergence on these time frames with the RSI as we have higher highs on price action with lower levels on the RSI . When it comes to bearish divergence I have been seeing price tend to come back down to its 21 ema (bold white) so I marked these levels on this 3 day chart of Bitcoin with horizontals. Below are the levels and where they correspond to the other time frames. Daily - $7,850 This is where the 21 ema is on the daily 2 Day - $7,100 This is where the 21 ema is on the 2 day 3 day - $6,600 This is where the 21 ema is on the 3 day These targets are not able to be used until we actually tick past $8,000 and most likely want to wait for an hourly or 2 hour to close below that level which would indicate that this is a local top and now we have divergence to deal with. Bullish case : If this does not play out (quite yet) so if we start closing 4 hours above $8,400 soon then we must switch around the game plan to bulls business as usual as that would indicate that this overall bull trend upwards not quite done yet, however it is really starting to look like things are ready to turn around with all the medium time frame indicators turning bearish and the higher time frames starting to turn around. I have my eyes on something else at the moment (shorting the S&P ) and don't want to get too greedy with Bitcoin as it's been great to us so far so we will see what happens but I don't plan on entering a position for a while in Bitcoin as long as these divergences are playing out. Keep an eye out for both scenarios each time and it will keep you sane! I will post something about SPY and SPXS tomorrow afternoon Coin Savvy, signing off. Enjoy your night, enjoy the charts, and respect the technical analysis .
BITSTAMP:BTCUSDShort
by Coin_Savvvy
Dream Big, They Said.... EMERGENCY SHORT! -35% Hello guys. I first want to be grateful for my two must influential posters in trading view, MagicPoopCannon and Botje, you guys rock. Now, this is my own analysis. I will keep it super short and simple. My favorite indicator is the Stochastic, it is very accurate, mostly in higher timeframes. Stochastic is my favorite indicator for high frequency trading and has helped me become profitable on 4 of every 6 trades. I have circled the previous 4 times where the Stochastic has been in similar levels where we are today. The result is that every time we reach this levels we start a 2-4 week correction movement. On EACH correction movement followed by this pattern BTC moves from 30% to 70% DOWN. Remember each candle represents a 1 week period. For those people that want to profit from high volatility bounces I suggest you to follow me, I will be posting hidden supports and resistance levels where we can profit 2-4% instantly once we touch those levels. For those who are more patient and just want to play it less risky I suggest you keep in mind the following. EMA 50 (Blue): We see that EMA 50 is just 36% below the current candle which perfectly matches the 30-35% correction in the past 4 times where STOCH has been in the current levels. I am more than sure that so many people will get fooled and there could possibly be a panic sell which could possibly drive the price down to the black trend line around the $3k area. However that will happen if we break the solid support level around the 5k area (red horizontal line). I just graduated from Finance Masters and my greatest learning was to distribute the risk in options trading. I never place 100% or my order in one price. I hedge my positions most of the time. For this scenario I am placing 75% of my order at the EMA 50, 10% in the re horizontal line, and 5% at the black trend line. Also RSI is highly overbought. Most of you guys are excited, I have read a lot of bullish TA saying that we can possibly hit $10k or $9.5k but in my case, I am giving up that little upside potential and don't risk myself to remain stuck in the -35% movement for the next month. Many are excited that AT&T is accepting Bitcoin now but in the end of the day they don't care about holding the BTC, they will dump their BTC when they feel they need those profits in USD so this is not a really bullish news like many people think. We need to learn how to be bullish and bearish at the same time. Faith is good, but we need to hedge and distribute our risk, and make Statistical decisions.
COINBASE:BTCUSDShort
by Cincottitrader
6