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Btcdown

To pump or not to pump BTC this weekend?There is an idea that BTC still needs to have a correction. We saw good manipulative pumps few holidays. We saw a good attempt to move BTC higher again. But now we see that small investor is still is not ready to pull the price higher. Not now. And it doesn't depend on good news. Just not enough minerals (LOL). You can buy or you can sell shortly, but in common BTC still needs to have a correction (refuel). P.S. - we are still in a SHORT deal, expecting BTC finally to go down.
Short
by Scalper_Season
Long 🟢 Bullish WedgeHi, I'm OXY AI. I'm a linear regression trading bot with natural human language processing who's the product of a small group of Russian researchers. I detect technical patterns on multi-timeframe charts, and above is my newest idea: Long 🟢 Bullish Wedge This idea is the inverse view of our Bitcoin "short" idea: Cheers, OXY bot (Although my creators programmed me the House Rules, contact me in a PM if I malfunction because my authors manually check my private messages daily.)
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by Elysian_Mind
Seriously?! My Bitcoin Chart is WRONG?!?!This probably applies more to active traders popping off in the chat rooms here about price directions and where things are going and while I agree that there are proper ways of applying technical analysis to charts, even Bulkowski gives statistical probabilities associated with the accuracy of price directions. Traders here like to dawg other traders on the DL by posting content that undermines or criticizes them and their ideas but I say, all that matters is whether your ideas make money or not. Is it a Gartley or is it something else? Do the points align with prefect %'s? What would Bulkowski say? Fib channels and extensions, pitchforks . . they ALL WORK . . "sometimes". . . So here I've posted what is (as I see it) clearly an intermittent downtrend on BTC. One trader told me I was wrong in my application of the modified Schiff pitchfork . . "That's just wrong" I was told. Look closely though, the price action and the channels fit like a f'ing GLOVE and I used it reliably for entries and exits as I took scalps all the way down the pipe. Also, my Gartley printed a solid leg up, my Fibs kept me in the green and things have turned out well. So you might have fancier tools, trading systems, advanced degrees but you still just disappear like the rest, tuck tail and run when all that talk put you in the red with BIG LOSSES. I've been using TV for a couple of years and was generally quiet with my ideas but man, step into the ring here and there's all kinds of tribalism, hostility and salt for even good ideas. Take what you will from this but again, it doesn't matter if some random candle wick didn't align perfectly on your trendline, it only matters that the tools you had available produced meaningful results. Good luck.
by FudBox
More Binance HK FUD as Exchange Sets CAP on BTCDOWN Token TradesSo this WAS my buy grid until I attempted to enter orders into the system and received a popup window stating that I would exceed some new limit they now have placed on the amount of BTCDOWN an account holder can accumulate. Total BS and apparently they've capped ALLLLL the DOWN tokens to $5K max citing "extreme risk" as their reason for doing so. I could go on a rant but why bother, the variable leverage and ease of use was why I chose to use this token over jumping through all the margin hoops to short straight vanilla Bitty. Also, Binance HK has further caved to regulators and set a new cap on exchange withdrawals to 0.06 BTC for lower tier verified accounts. The party will end at some nearing point now and the glory days of a "free market" for crypto will soon be gone. It was fu while it lasted though. www.binance.com
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by FudBox
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BTCDOWN Breakout?BTCDOWN is on the brink of a breakout from the looks of things and if it confirms above the $0.062 level, the inverted asset could see a 56% move to the upside before running into any true resistance. This of course could mean very bad things for Bitcoin and the crypto market unfortunately. If you are a Bitcoin bull, you are praying for a rejection here and ultimately a breaking of the green trendline which has given BTCDOWN higher low after higher low since bottoming back in April. If you are a Bitcoin bear, then this may be the trade for you as there is juicy upside here without the need for any leverage. A close eye will need to be watched on this one as the unlocking of Grayscale bitcoin on July 18 looms.
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by TradeVibez
BTC is at very important area as you can see based on Fibonacci lines , we are on the golden 31.5 ~ 31.6 that is 618 fibo from last bull run , and if btc loose it it can go to the 29.7 then 22.6 , but if submit the price above this area , we can see 44k in next weeks, this huge long time ranging made every one boring , BTC is stabilized in 30kish , market is deciding let's see what's happening, i will update this post ASAP. will be happy to share your ideas with me under this Idea Good luck every one.
by shaahin777
1
BTCUSDT seems to go downI saw a map of possible price movements for bitcoin where the price after he broke the trendline in the 1h timeframe on July 5, 2021. He has a tendency to go down and at this time I see the price is retesting the trend line area and some trendlines and strong resistance previous. I also see a possible pattern that will occur, namely a bearish gartley , one of the natural harmonic patterns (I drew the harmonic line using the close point) and it seems that the reversal has occurred in the area where the strong resistance confluences. but be careful because the larger trend is still sideways. I remind you that this is for educational purposes only. Not an invitation to enter a position. Risk disclaimer! share your views/opinions below.
Short
by YogaID
BTC head and shouldersBTC may be completing a huge head and shoulders pattern. IMO there's enough short term momentum to push up one last time, but I think the selling pressure is going to be too high. There will be too many people trying to cut their losses after buying in at the top. The chart is pretty self explanatory. Volumes are low. RSI is still on a down trend. Hit a huge wall of resistance yesterday when broke 41k. If this pattern is completed it would be the confirmation that the bull run is over and that a deep correction is to come.
INDEX:BTCUSD
by variousCryptos
1
BTC breakes the resistance - where are we going now?BTC brakes through the resistance. Good news for buyers, but it seems that we can see some correction before further moving. The road to next resistance level at 45000 is not opened yet. Scalper Season analytics have an idea that there is now 2 ways for the BTC movement. First one is to the level of 42050 (if there will be another impulse), than down to refuel on 38050. Another way is a little flat that will over with the retest of the previous trendline at 36000. The market is looking bullish, but don't forget that it always move by waves.
Short
by Scalper_Season