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Btcusdshort

BTC - Bearish for SHORT TERM🐻Hi Traders, Investors and Speculators of Charts 📈📉 After closely monitoring the market trends following our previous idea of shorting until the 25K support zone, it has become apparent that there is a notable increase in selling activity. Despite witnessing a decent rebound initially, it was met with an equivalent level of selling pressure, resulting in the price experiencing a downward trajectory with lower highs. Furthermore, it is crucial to take into account the occurrence of a multiple bearish patterns in the daily (short term) timeframe including a double top, Head and Shoulders pattern and Bearish M patterns. These technical chart-analysis patterns typically indicates a reversal in the price trend and suggests a bearish outlook for the short term. It implies that the market has made two unsuccessful attempts to surpass a certain price level, highlighting the presence of significant selling pressure and a potential decrease in investor confidence. NOTE that although I am still bearish for the SHORT term, I remain bullish in my macro perspective. ________________________________ From the Fibonacci Retracement Macro perspective, we can see the price is still in the upper resistance zone; right underneath the 1.618. What we DO NOT want to see from the monthly timeframe is a close UNDER the support at roughly $25K. This would drive the price down to find more buying pressure around $20K. BITSTAMP:BTCUSD COINBASE:BTCUSDT INDEX:BTCUSD BITFINEX:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSDT BYBIT:BTCUSDT BITGET:BTCUSDT CRYPTOCAP:BTC GEMINI:BTCUSD BINANCEUS:BTCUSDT PHEMEX:BTCUSDT _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We appreciate your support ! CryptoCheck
Short
by CryptoCheck-
35
Bitcoin Road Map(15-Min)🗺️!!!Bitcoin started to grow again as I expected; the structure of impulse waves of Bitcoin is such that wave 3 is extended, and wave 5 finished in the resistance zone. I tried to show the road map of BTC in a 15-minute time frame. Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
34
Bitcoin will go DOWN by 🦇Bearish Bat Harmonic Pattern🦇(15-Min)Bitcoin is moving in ascending channel for a few hours⏰. Also, Bitcoin created the 🦇 Bearish Bat Harmonic Pattern 🦇 near the 🔴resistance zone($ 27,350-$ 27,260)🔴; the confirmation sign of the D point of the pattern can be the creation of the Shooting Star candlestick pattern above the ascending channel and near the resistance zone. I expect Bitcoin to start its downward trend again in the coming hours after breaking the lower line of ascending channel. Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
35
BITCOIN green candlesticks are weak more correction expected ❌🧨Hello 🐋 based on the chart, green candlesticks are become weaker and weaker and the price is in range zone and possibility for breakout of the parallel channel to the downside, and we can see 23k and 25k prices soon 📖 so we need even more correction to the downside for long term view before huge gain ❌🧨 beside range candlesticks to the upside and downside before any other sharp movement is logical too 📖💡 and brief amount of gain and green candlestick is logical for future correction (suppose it as a stop loss hunting) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Short
by MadWhale
7
A DEEP TECHNICAL DIVE ON 2023 BTCTECHNICAL OUTLOOK Overall, we anticipate a short-term bearish market trend for Bitcoin, with a potential bearish bias before a potential upward movement, likely occurring towards the end of 2023. Below, I present the key point of interest, where I would consider initiating long or short trades based on the prevailing market conditions at that time. Additionally, the chart below illustrates the potential reactions that can be expected at said point. Once the price reaches this area, I will employ a combination of the RSI indicator to assess market momentum, and the Lorentzian classification algorithm to determine entry points. While it is evident that the market will already be bearish at that stage, I prefer to witness a pullback after the price closes below the trendline before entering a bearish trade. This pullback could range from a retracement of 20% to 100%. Within this range, I will be prepared to initiate a short position once the specified conditions are met, relying on a sell signal generated by the aforementioned indicators or any other technical confirmation. For a more accurate assessment, let us shift our focus to the 4-hour timeframe. Here, we observe that we are presently within a bearish channel. However, I anticipate a temporary retracement to the upside before resuming the downward movement. This expectation is supported by the fact that we are approaching slightly oversold conditions on the daily timeframe. Nevertheless, it is important to note that I maintain an overall bearish outlook on this timeframe as well. I emphasize my predictions accordingly. Additionally, it is worth noting the presence of a significant wick on the 4-hour timeframe originating from the downside. This particular region could potentially serve as a point of rejection, contributing to the current market conditions we are experiencing. If you are looking to trade the pullback this would be a good time to go long once he 4H candle closes and the oscillators are still oversold on the 4H timeframes. As far as technical sentiment goes across all indicators we can see that we have a number of indicator showing a bearish trend however the oscillators are mostly neutral. Which is a good sign meaning that there is still room for the market to push down without any retracements. FUNDUMENTAL OUTLOOK Based on the most recent fundamentals above I conclude the following below. 🔹Bearish Sentiment: Declining Active Wallets: The number of active Bitcoin wallets, both for sending and receiving funds, has been decreasing significantly since mid-April. This trend suggests a decline in user activity and may indicate that rising fees associated with Bitcoin transactions are discouraging users from engaging with the network. Rising Fees: The hype surrounding BTC NFTs and BRC-20s has contributed to increasing fees for interacting with the Bitcoin network. Higher fees can deter users from conducting transactions and lead to a decrease in overall network activity. 🔹Bullish Sentiment: Increased Transactions: The number of daily Bitcoin transactions has grown by 89% from mid-April to mid-May, indicating a surge in activity. This growth can be attributed to the recent BRC-20 craze and the implementation of native solutions for NFTs and issuable tokens on the Bitcoin network. Weakening Correlation with Ethereum: Bitcoin's correlation with Ethereum, the second-largest cryptocurrency, has reached its weakest point since two years ago. This suggests that the price movements of Bitcoin and Ethereum are becoming increasingly non-correlated. Some analysts interpret this as investors considering Ethereum an emerging market after its transition to PoS, while Bitcoin is seen as a hedge asset. Overall, the analysis suggests a mixed sentiment for Bitcoin. While increased transaction activity and the weakening correlation with Ethereum may indicate some bullish factors, the decline in active wallets and rising fees contribute to a bearish sentiment. It is important to consider additional market factors and conduct further analysis to make a more comprehensive assessment.
PEPPERSTONE:BTCUSDShort
by ChristopherDownie
4
Bitcoin on the rise. Where to sell?Hi everyone. Last 3 weeks we've seen incredible strength from bulls. There are no doubts that bulls are in control. There were not any signeficent pullbacks during this pump. Many traders stayed on the sideline waiting for 10k. However, it looks like everyone already forgot that BTC printed for the first time ever a Yearly bearish engulfing candle. On crypto twitter you can see many analysts saying that Bitcoin has started a new Bull Market and it will go over 100k . We believe that in the next few days Bitcoin will not give a chance to jump on the train for those that didn't buy at lower prices, but as we had a Yearly Bearish engulfing candle for the first time ever, it's doubtful that it will be left without any impact on the market. It's probable that reaching new ATH will take way longer than everyone thinks. There's a strong resistance around 28600$ - 30000$. Moreover, the SuperGuppy indicator most likely will curve to the upside in the next few weeks and the upper lines of the SuperGuppy will be around 29k-30k which corrresponds with the price resistance therefore this is where we see a potential exit point for bulls and entry for bears. What do you think? Do you agree? Feel free to share your opinion in the comment section.
COINBASE:BTCUSD
by vf_investment
22
BTCUSD Greetings readers, As we can see, market structure is kind of all over the place however, there are solid areas of price action taking place. Right now as we can see on the day time frame, price has formed a bearish head and shoulders pattern. As we are aware, head and shoulders pattern is a pretty solid pattern. I believe price will fulfill the head and shoulders pattern so we will see more of price towards the downside. Keep the earlier order block in mind when trading. I believe price will react here. Price will either continue to a lower OB which has not been mitigated or reverse from this point and mitigated bullish OB's. Have a great weekend and be safe!
INDEX:BTCUSDShort
by YvYc_Always
Bitcoin will go UP by Falling Wedge&Symmetrical Triangle(15-Min)Bitcoin seems to be moving in a Symmetrical Triangle during the last 3 days, and also, the Falling Wedge pattern can be seen on the chart. I expect that if Bitcoin does not make the sixth contact with the symmetrical triangle, Bitcoin will easily break the upper line of the symmetrical triangle and move towards the 🔴 resistance zone($ 27,360-$ 27,270) 🔴. Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
24
BTCUSD still looks weakUnfortunately, both the price development and the indicator level point to a current weakness in Bitcoin BTCUSD, which suggests that there will be further price reductions before there may be further upward movement. The next price target is 25,000 points. If there is no strength in the Bitcoin then, the 21500 points can be considered as a further target. To signal a resilient move into an uptrend, BTCUSD would need to bounce back above the orange moving average (in the chart above) currently around 28500 points.
BITSTAMP:BTCUSDShort
by alysta