Bitcoin: Trading Idea UpdatePrice has broken the Descending Channel, and the OB it had entered. Now, price is deep in the D1 Supply Zone, which also has a 4H Bearish OB embedded. This OB is untested. I expect price to fall from this supply.
Btcusdsell
BTC 1D Mid-term SHORT/BEARISHBTC 1D Mid-term SHORT/BEARISH - We're currently in a consolidation but OBV (Volume leads price) shows a possible short coming shortly.
BTCUSD maybe be ready to short....It is at resistance, giving me the momentum candle I look for to indicate price will continue downward. If that bearish engulfer closes in this fashion, it may be a good entry for a short.
The fact that it is breaking back into the triangle structure is pretty telling.
Confirmations are key. Without confirmations, there is no trade!
Check out my previous Bitcoin analysis video.
BTCUSD shortThis is a classic Primed example of a trend short trade.
By looking at the recent history of BTC movement we have seen the ATR go to historical highs (based on our settings) which would classify a trend start, currently, the ATR is stuck in almost a straight line, confirming that we should be in a downtrend at least for now.
The rest of the system indicates that we should sell, price is at the 2nd layer of the fibs and showing good resistance so far with the RSI at its highs.
The overall price action move is bearish, lower lows, lower highs.
We might take profit earlier, at 123.6 or 138.2, we might also compound the trade.
Wishing you all luck!
BTCUSD POTENTIAL NECKLINE RETESTPOTENTIAL NECKLINE RETEST ON BTCUSD.
BULL AND BEAR SCENARIOS
IF BTCUSD RETRACES TOWARDS RESISTANCE AND QUICKLY BOUNCES BACK DOWN, THERE IS MORE DOWNSIDE TO COME IN NEAR TERM.
IF BTCUSD BREAKS FIRST RESISTANCE ZONE, WILL RETEST NECKLINE RESISTANCE, 1ST RESISTANCE ZONE BECOMES SUPPORT FOR THE BULLS.
ALTERNATIVELY, IF BTCUSD FINDS A LARGE AMOUNT OF SELLERS AT NECKLINE, SUPPORT MAY NOT HOLD.
IF BTCUSD CONTINUES TO DROP WITHOUT RETESTING, LOOK FOR BUYERS AT 35K THEN 30K FOR A BOUNCE.
BTCUSD .... 1h
= He broke an upward price channel, and entered a falling price channel
= He achieved the three goals from breaking (54721-53857-53173)
= Waiting to break the level of 53494, to target 51306
Analysis of BTCUSD on the 4 hour chartBitcoin broke an uptrend, and when it breaks 49487, its selling targets are:
47232
And when 47232 is broken, he has broken the Wyckoff drainage stage, so his selling goals are:
- 44726
-41527
-38267
-34283
_______________
If he exceeds 53075, his buying goals are:
-56839
-59522
_______________
My personal opinion:
He broke an uptrend while he was at the end of the Wyckoff discharge stage, and he will break it downwards, so I am in favor selling.
BTCUSD ... 1D
= In the eighth stage of the Wyckoff conjugation - subsidence
Breaking 53500 Sell To:
-51385
-48163
-45445
-44035
-40813
= Level 57735 Exceeded, Buy To
-61051
-63669
= Personal opinion: Sell hard
BTCUSD bearish wedge pattern 👀BTCUSD bearish wedge pattern 👀
Hello ladies and gentlemen
This is my new idea for Bitcoin BTCUSD
I expect the price to make a correction in the short term
I hope my idea is clear
Support me by like and share
Stay Safe💯
Good luck💰
BTCUSD Sell (My View)Weekend Intrigues::: That Time Ha$ Finally Come, No Matter How Strong A Move Is It Will Eventually Come To An End/Pause, That's The Case Here... Trend Up Is Losing Momentum BTC Down We Go.. See You At 41k Levels
SL: On Chart (Prefer AN SL At 62k But That Might Be Too High For Many Traders) TP1: 48K Levels TP2::: Major TP::: Yellow Line
BTCUSD Sell (My View)We Are Doing Crypto Now::: BTCUSD Shaping Up NiceLy FoR A Sell::: TP 1 $ TP 2 Indicated By Yellow Line... SL Previous High!!!AMEN!! FoReX i$ A jOke
Bitcoin, a buy or a sell?There has not been a good week from crypto holders, with the prices dropping all over the market and in bitcoin's case, this drop is measuring around 20%.
At the time of writing the main cryptocurrency is trading at 47500 and I expect a drop under 45k recent low.
That being said, in my opinion, rallies above 50k should be sold and only a rise above 55k would put bitcoin in a bullish perspective
I maintain my 42k target for this drop but I would not be surprised if btcusd is dropping even under 40k
BTCUSD SELLH1 CHART & BUTTERFLY FORMATION.
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BTCUSD SELLD1 CHART W/ SUPDEM SUPPORTED & PARALLEL CHANNEL FORMATION.
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BTC/USD TO 19950.00Bitcoin to complete Daily/4H fibonacci and fall back down into weekly or monthly levels at around 20,000.
BTCUSD next Update is ready to fall wait for level retest BTCUSD's next Update is ready to fall wait for level retest then long . Wait for correction
BTCUSD Bearish CrabWe can see Market complete 3 rules of Bearish CRAB pattern. We can find a selling opportunity at D point.
We will never long from CMP but we can short from the D point (30,000 to 30,800).
