Btcshort
Bitcoin Stalling At Key Resistance... Or Is It The "NEWS?If you've been trading and investing long enough... (For me 25 years)
You know that the 'News' conveniently gets released, to support market moves that have already happened.
Not always, but more often than not.
This news headline today makes me laugh, because we clearly shot up to technical resistance.
People who say TA 'Doesn't Work' also make me laugh, because TA is the visualization of the news being disseminated (Usually before it reaches the public).
That, and the group psychology of the masses, or the 'Composite Man' as Richard Wyckoff originated.
We caught that nice market pump over the past week and a half, and it doesn't take a brain surgeon to see that we're due for a short-term pullback.
Likely then bouncing higher, along with the stronger Weekly cycle.
But of course, it's all about the news and fear surrounding the 'rates and DOJ action'...
Which of course gets priced in almost in real-time, once the bigger players, whales and hedge funds get this information first.
Who else has watched the Netflix show Billions?
"Are you certain?"
"I am not uncertain"
The world of investing...
Bitcoin to turnaround?Bitcoin - 24h expiry - We look to Sell a break of 20199 (stop at 20651)
We are trading at overbought extremes.
The bearish engulfing candle on the daily chart is negative for sentiment.
We look for losses to be extended today.
A break of the recent low at 20236 should result in a further move lower.
Our profit targets will be 19111 and 18711
Resistance: 21000 / 21250 / 21600
Support: 20600 / 20236 / 20000
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Real Talk, Where we're headed for BTCUSD!Let's have a real chat.
BTCUSD ... Is this destined for more upside, or are we just about to fizzle out in this bear market and continue towards the downside?
There's valid points for both, but let's talk about what we at UTG think!
New indicator so we see BTCI just finished a new indicator and I am very curious about it, In retrospect, this confirms my equilibrium theory. so we'll see. So I'm putting a few dollars into the SHORT
BTCUSD💥4H-TIMEFRAME ANALYSISBTCUSD💥4H-TIMEFRAME ANALYSIS
💗Hello ladies and gentlemen
This is my new idea for 💥BITCOIN
I hope my idea is clear
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btc wave 2 short setup | significant pull backif this was indeed a wave 1, i'd like to see a significant pull back over the next couple of weeks.
wave 2's almost always pull back to at least the .618 -.786 fib box of wave 1.
confluence with a trend line retest.
invalidation below the low.
BTC IS GOING TO DUMPBitcoin has pumped a lot recently, and so much people is hyping it, saying that the bullrun is coming , this is just the trap.
One thing I learned for 2 years Ive been in crypto is to never do what most people do, bitcoing is going to dump at least 30% and same people that are calling the bullrun now will say that this was unexpected or something like that.
This is pure institutional trading, we filled imbalance, came straight into supply zone which is on 200 EMA to confirm it being valid.
Dont say that I didnt warn you.
Btw I am 16 yrs old, u can listen to me or people who told you to hold at ATH.
btcusdtperpHello friends
According to the previous analysis, there are 3 important zones for the return
The first zone is 22300
The second zone is 23400
The third zone is 24100
I am waiting for the response to these areas
BTC/USDT 1Hr LINE CHART UPDATE !!Hello and welcome to this BTC/USDT LINE chart update by Crypto Sanders.
I have tried to bring the best possible result in this chart.
Chart Analysis:-welcome to btc line chat looking at btc line chart it looks like btc is forming a flag pattern inside a parallel channel and the same pattern is forming in btc rsi btc is moving between two trend lines now hopefully BTC may bounce from here thanks to a break out above its own separate trade line or parallel channel
This is not a piece of financial advice.
Hit the like button if you like it and share your chart in the comment section.
Thank you
#BTC/USDT 2hour update !!Hello and welcome to this BTC /USDT chart update by Crypto Sanders.
I have tried to bring the best possible result in this chart.
Chart Analysis:-BTC breakout $21.5K resistance level but couldn't give a close above it. Now it is consolidating in a parallel channel followed by a bullish move.
Bulls are showing strength, and a solid breakout of the parallel channel would confirm the bullish continuation in the market.
This is not a piece of financial advice.
Hit the like button if you like it and share your chart in the comment section.
Thank you
Shorting $btc a bit$DXY has done a bit of pump.
But no movement in $BTC
So here we shall get a bit of retracement.
BTC Price Analysis SHORT !! ??Hello to all traders out there!
Here's a BTC in a short situation in my personal opinion.
So we NEEED to hold the 20000 LV L or else we will go back and retest the 19632 LVL.
If we end up breaking that support we might head on down to test the 19126 LVL.
If that breaks.. we will go down and test the 18795 LVL.
Happy trading to all :) leave a comment or like, please! I'd love to hear what you think of my ideas! :)
Have an amazing day all!
#BTC Bear Trap ? I'm sceptic on this bullish move, because this is not from BTC buyers, but is from USD decrease.
In case USD (#DXY) make some up move, BTC will fall same as it growth.
Be patient and stay strong 😎
Ascending Wedge BTC 1h/2hAn ascending wedge is a bearish chart pattern that forms when prices are trending upwards but with a narrowing range, creating a wedge shape. The pattern indicates that buying pressure is decreasing and that a downward trend may be forthcoming. Traders typically look for a breakdown below the lower trendline of the wedge as a signal to sell or short the security.
BTC ... An Explosive Move to the Upside! Evening all!
Fantastic to be back on deck - Looking at BTC and give our thoughts of what is possibly going to be the most honest rendition on the events that are going to take place next.
Let's dive into it!
BTC/USDT 4HOUR UPDATEHello and welcome to this BTC /USDT chart update by Crypto Sanders.
I have tried to bring the best possible result in this chart.
Chart Analysis:-Bitcoin got multiple rejections from the resistance level. Bulls are trying hard to find a crack in the resistance. The weekly resistance is also $21,500-$21,700 zone and this is the key level to flip. A weekly breakout will open gates for a $28,000 area. Keep tight stop loss in all open positions as a rejection from here will send the price back to the $19,500-$20,000 support area.
This is not a piece of financial advice.
Hit the like button if you like it and share your chart in the comment section.
Thank you
BTC Price OutlookHTF cofirm that BTC is still in a downtrend but their has been a build up of Bullish momentum. Because of the bank holiday we need to wait for it to close below resistance to go in for a short.
$BTC BEAR MARKET/RECESSION OUTLOOKMy realistic estimate would be that $BTC continues to rally at least to $25k, possibly even $28-30k as this is likely going to be a strong resistance level, then, if/when Q1-Q2 earnings are awful, it dumps back down IMO to $13.8k. I think the bottom could be as low as ~$10.8k or as high as ~$15k (approx. previous low, double bottom), however, I feel that $13.8k is the most likely between these 3 targets. I would reconsider bearish position if we break above the $28k-$30k level and hold it at support for a monthly close.
Cler Short :) take a positions no more words needed
21900 SL
And we'll going to 12 k
If u like this idea please boost me :)
the short setup is readyshark harmonic pattern:
AB=0.38 XA
X=18554
BC=1.13 AB
predicted corrective wave till 18766 for the handle of the cup.
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC /USD 1DAY chart update by CRYPTO SANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:- Bitcoin (BTC) consolidated to start the week, as the price failed to break out of a key resistance level.
After hitting a high of $21,345.25 on Sunday, BTC/USD declined to a low of $20,681.98 earlier in today's session.
The decline comes as the world's largest cryptocurrency was unable to move above its long-term range of $21,400.
Looking at the charts, this was somewhat expected, as the 14-day Relative Strength Index (RSI) was hovering in overbought territory.
The price strength is currently tracking at 86.65 after failing to move north of the 90.00 mark.
It is likely that further downside could be on the cards this week, with the floor of $20,000 a potential target for sellers.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
