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Btcusdsell

BITCOIN: Bearish Pin Bar Signal$BITCOIN ($BTCUSD) – Cash: The Bearish Pin Bar Signal triggered (WARNING ON CRYPTO: TRADING BITCOIN AND CRYPTO IS HIGH RISK, CONSIDER A REDUCED POSITION SIZE AND LOWER LEVERAGE UNTIL YOU ARE FAMILIAR WITH THESE MARKETS). Price Action: Price moved lower from the recent Bearish Pin Bar Signal that had formed earlier this week (We suggested trading this signal in the May 11th, members' daily newsletter). Price significantly moved lower from the prior Multiple Inside Bar Pattern that had formed just above the 37559 prior short-term support level (Which is now a Key resistance level and an Event Area) over a week ago (We suggested trading this pattern in the April 29th, members daily newsletter). Price moved lower from the prior Bearish Pin Bar Signal (Event Zone) that had formed just under the 42608 short-term resistance over two weeks ago (We suggested trading this signal in the April 24th, weekly newsletter and hopefully some traders got on board). Potential Trade Idea 1: For more aggressive traders, we are considering selling on a retracement higher whilst price remains below the recent Bearish Pin Bar Signal. Potential Trade Idea 2: We are considering selling on a retracement higher whilst price remains below the 37559 key resistance level and the recent Multiple Inside Bar Breakdown Pattern (Event Area).
COINBASE:BTCUSDShort
by UnknownUnicorn393254
BTCUSD- SELL strategyIt is slowly moving lower, and think it is building up for a decline below $ 40,000 again. SELL strategy @ 46,500-47,500 still valid and place stop above $ 50,000 for safety. Bitcoin is unpredictable in terms of market movements, behaving different from the regulated currency pairs and other financial instruments. Ultimately am a believer that we will see very low levels in the long-term for BTC. For now trade it one way or the other and treat it with caution.
BITSTAMP:BTCUSDShort
by peterbokma
BTCUSD- SELL strategyIt appears I am always a seller, which is purely because I feel we are in SELL use I feel it's not similar to other financial instruments, and lacking underlying value. However, I always stated am not committing to it, and this remains the same until I see something that makes sense. For now, SELL strategy as it shows topping signals and we should see lower over time. We sell current $ 47500-48,000 and place stop above $ 50,000. The profit order somewhere $ 37,500.
BITSTAMP:BTCUSDShort
by peterbokma
8
BTCUSD-NEUTRAL I am really not certain on this one, and as mention a few times, I do not wish to trade it right now. There is no clear sign and besides, it's only movement is due to volume based on large tickets and flows. There are statements made that Crypto is having the same stats as GOLD. I am sorry, but I do not agree. I like the technology behind it, but only view Crypto to speculate if something feels right. Right now, it is still within a large range, and we are nearing the top, unless we break above $ 45,500 then $ 50,000 and higher might be seen. The long-term pattern suggest a large SHS top pattern and this brings ultimately the BTCUSD down to below $ 10,000. yes it seems crazy statement, but this is the technical picture for now. The short-term strategy is to SELL current $ 44ks and place stop above $ 46 k. The objective on downside should be near $ 35k again.
BITSTAMP:BTCUSDShort
by peterbokma
BTCUSD-SELL strategyThe overall picture of BTC looks shaky and we may see unbelievable low levels in the long-term. One has to thread carefully trading it. USA is looking into introducing digital currency as well. This could change the ball game for privately traded crypto is my personal view. From a trading perspective, the strategy may look the following: short-term SELL $ 40,000-41.500 and place stop-loss above $ 43,000. Profit order somewhere $ 34,500 Medium-term BUY $ 35,500-36,500 with a stop-loss 33,500 for now. Profit order somewhere $ 46,000 . The weekly chart is positive. Long-term SELL $ 40,000-$ 45,000 and place stop-loss $ 54,500. Profit order $ 15,500 for now.
BITSTAMP:BTCUSDShort
by peterbokma
1
BTCUSD-SEL strategyNo change in view and no commitment either. We have declined nicely, and we are now starting to be below cloud, which should mean further weakness. Also noting, that metals are on the rise, and really are the true safe heaven objects similarly as with US dollar strength we are seeing. Strategy still SELL @ 41,500-44,500 for a move to 35,500 for now. The bigger picture I feel is very negative, but it remains difficult as flows can change things a lot as we have seen.
BITSTAMP:BTCUSDShort
by peterbokma
BTCUSD-SELL strategyNo change in view. The overall view is for a decline back to $ 35,000 and we have a current cloud support $ 42,500 and the key for further weakness. The situation that BTC and Crypto are safe heaven status or a place for hiding funds, is not sufficient evidence to speculate for higher levels. It is a choice of course how one sees this. For now sell current levels $ 43,500-44,500 for a move to $ 37,500 profit order is my personal idea and view. I am not committing to it, and only state my honest opinion.
BITSTAMP:BTCUSDShort
by peterbokma
BTCUSD- SELL strategyI am not committing to any direction and only provide my view on it, either right or wrong. First of all, the move up happened is said to be due to people moving from RUB in to BTC as a safe heaven. I do not buy that story, since BTC or any crypto is not a safe heaven status. It is an unregulated instrument and only speculative. I think it is a bubble being created and one moment it will fall sharply if my personal view. Of course, we can trade it and as long we have entry and exit points, and that is what matters. From technical perspective we are above $ 42,500 as we raced from $ 38,000 suddenly to where we are now. we are above cloud, but stochastic is high, and honestly I cannot buy it for now. the strategy is SELL current level $ 43,100-43,250 and place stop-loss above $ 45,500. This is a financial stop-loss. I know some will disagree with me on this. That is ok and I am not putting my money where my mouth is for now. I prefer to watch the BTC and other cryptoes for the reasons stated dear friends.
BITSTAMP:BTCUSDShort
by peterbokma
1