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BTCDOWN/USDT : BTC's possible drop | read the caption BINANCE:BTCDOWNUSDT Hello everyone 😃 BTCDOWN is now currently moving into a descending triangle. Based on 5th rule attempt breakout, BTCDOWN has been rejected for 4 times now. It means that next attempt is really important and it could cause a breakout on triangle's higher line. I'm predicting that there will be another leg up for BTC and we may see the dip on next weekend ! ( sooner or later ) Now there are 3 reasons except BTCDOWN chart that makes BTC more bearish on my side ! 1️⃣ Bitcoin Balances on Exchanges 2️⃣ Exchange BTC Futures Open Interest 3️⃣ BTC Long-Short Ratio 1️⃣ Bitcoin Balances on Exchanges BTC's balances on exchanges is increasing day by day, And so; We had +60,627 BTC's balances on exchanges in last 7 days and +7,486 BTC's in last 24Hrs. As I mentioned before on my last posts about BTC; Market maker will wait for a valuable supply to cause a drop on BTC. And according to BTC's historical drops DATA; All drops happened after 7 days (averaged) of huge inflows on exchanges. So we have the Inflow in past days but there is a problem on Futures open interest, According to the chart of Exchange BTC Futures Open Interest; Open interests has decreased about 13% and this makes market makers to wait for a better supply zone. 2️⃣ Exchange BTC Futures Open Interest BTC's open interest has been dropped for 13% in past 6 days, This is happened when we have more inflows in exchanges, Means that low volume traders are waiting for a confirmation on chart. However most of the price level drop is caused by BTC's recent dive ! But there is still a space that need to fill by weak hands. According to this chart, On last 2 days we saw another minor dive on BTC's chart, But interest has been increased for 3% ! It mentions that many of people are considering current drop as a last dive on BTC. This data has been confirmed by BTC's Long-Short Ratio chart ( 0.5% recovery on Longs in past 3 days ). 📌 Remember that many of short positions are created by Asset managers. 3️⃣ BTC Long-Short Ratio According to today's LONG/SHORT Ratio chart, positions are neutral bullish but the size of positions is neutral bearish ! It means that low volume traders believed that BTC won't go lower ( at-least for now ) but Institutional considered that BTC have more space to drop before any 2nd leg up. Now that's my thought, Market makers will let the market to have a correction and reach above 52K again; After that we might see more winning on position size and it would flip into a neutral bullish. Actually I'm predicting a strategy by the last repetition on May .04... We had current rates on May .04; Also we have similar inflows to exchanges ! Market makers will make this opportunity for positions size to grow again, Then after a fake out on MA 100 it will drop more... 🔰 Based on given data, This is the most possible direction for BTC : 📌 Key words : - Whales are depositing their assets into exchanges - Asset managers are more bearish than bullish - Positions are neutral bullish but positions size is neutral bearish - BTCDOWN had 4 rejected attempts to break descending triangle's higher line; So based on 5th rule breakout, We may see the breakout on next attempt 🔴 Remember that, All of the given information are provided by @Helical_Trades and we are still predicting on our last idea about BTC : 📌 Also there is a high chance for bears to lead the pair to lower levels from current rate if any daily candle closed below 46K. Hope you enjoyed our analysis about Sentiment view on BTCDOWN's possible directions🙌 You can support us with your likes. Also you can share your opinion with us in comments 😉🙋🏼‍♂️ Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
BLong
by Helical_Trades
43
Potential BTC drop in HSWhat is an HS? Head and shoulders pattern What is a head and shoulders pattern? A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, the outer two being close in height and the middle being the tallest. In technical analysis , a head and shoulders pattern describes a specific chart formation that predicts a reversal from bullish to bearish trend . The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several major patterns that indicate, with varying degrees of accuracy, that an uptrend is coming to an end. What does a head and shoulders pattern tell you? A head and shoulders pattern is made up of three parts: After long uptrends, the price rises to a peak and then declines to form a low. The price rises again to form a second high substantially above the initial peak and falls again. The price rises a third time, but only to the level of the first peak, before falling again. The first and third peaks are shoulders and the second peak forms the head. The line connecting the first and second channel is called the neckline. If the HS does not break the neckline, it may mean it is going to the upside. It should break the neckline. I am wait 53k. And Open Short. But i have short in 57k. I add more short en 53k. I am wait gets rid of cleavage.
COINBASE:BTCUSDShort
by UnknownUnicorn18500526
5
BTCUSD - Pay Attention, Stay Calm, Spend Money !!!Hello everyone, I am trying to give a hand to others that could be stuck in indecision. Consider that anything is possible, check the end of the last 4 months(Options), check the indicators(Divergence), check support zones, check Rising Wedge. Trust True Intuition Take(Do not Pay) Attention to fibb retracements, resistance zones, buying interest, volumes and the last show for this Bull Run, which could be near. Consider it, This is not just a trading advice, St. Gex
BITSTAMP:BTCUSD
by StGex
3
Bitcoin, signs of weakeningBitcoin are showing signs of weakening. 1.RSI are poiting down, and btc growing price. Possibility of Diverging RSI. 2.Bitcoin are loosing vol. That's mean the main trend are loosing strength. Technically by the books thats mean the trend are wrong, people are not interessed at that price. 3.Bitcoin broke a triangle at 60k and should be flying 30% right now, but is not. 4.Bitcoin are performing an rising wedge, that pattern has fail rating of 6% (if confirmed breaking the bellow trendline) with objetive on 33% of fall. Positive OBS. We know that vol can be low cause people are trading altcoins, btc are loosing marketshare. Just be aware.
COINBASE:BTCUSDShort
by TalesFortes
why crypto will be making new millionaires in 2021 ?!! when I just entered the field of trading crypto since 4 years ago and I was just a silly beginner , I was asking myself how these people are making such massive money 2,4,20 and 100X, are they scammers or hackers, what's going on with them? I found that the main reason that make alts move is the BTC. As a beginner u can think that when BTC goes high it will be good for alts and when it goes down it will bad for alts, and by the way that's not wrong, however it is not the full scenario, you are just trying to get conclusion when alts go bloody and as beginner that's not bad at all. let me tell u the full situation, once the BTC.D goes down on short term market is bearish, however it is completely good indicator as bullish signal for midterm reference, so what we are facing right now is completely correct and indicates that we all gonna be reach within 2021 ! what I would like to say, That it makes sense to open Binance coins list and see most of alts +50% , why?? cuz BTC.D is sinking and will still be sinking which is definitely amazing indicator. we are still bullish and I'm buying more, don't ever be frightened on the wrong time, support levels as per the chart indicates that BTC.D is going down and down maybe this year we gonna see 35% - 40% BTC.D which will make $1000 LTC - $200 NEO - $100 link - $250 polka and $6000 eth. I'm just giving examples that it is not impossible at all to see these numbers within 2021 and make sure to be patient , hodl until we can see reverse YOU WONT STOP MAKING MONEY UNLESS U SELL WITHOUT REASON !! ( FEAR)
CRYPTOCAP:BTC.DShort
by BTC-fire
14
BTC Fractal with Summer 2017Similar wedge setup to summer 2017 - this was one of the biggest shakeouts before BTC went truly parabolic. A highly visible wedge like this will often not yield great investment returns as everyone is watching it. A break of the lower end of the wedge would bring long term "end cycle" rhetoric and convince many away, although long term BTC should continue its new highs. Using 2017 as a guide, 27-29k would be the ideal add zone. Look for bearish crypto articles and general rhetoric for bottom confirmation.
BITSTAMP:BTCUSD
by YungFinance
2
BTC Dupming ScenarioBTC has chosen the Correction Path with a nice Reversed Cup & Handle Pattern Leading to a Short To Mid-Term Correction #BTC will land on 33K Level on Short Term Then 30K In Mid-Term Altough,the only way that if it happens it leads to expand the correction to Mid-term is that the major support level on 33k gets broken hardly. #possible Long Scalping Setup On 33K Level. **My Other Idea About BTC which i showed the Correction From 38K is hidden... why tradingview ?
Short
by SlasherKing419