Btcusdshort
Bitcoin looks to be forming a top.Bitcoin - 24h expiry - We look to Sell a break of 26448 (stop at 27458)
Price action looks to be forming a top.
Short term MACD has turned negative.
A break of the recent low at 26473 should result in a further move lower.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
The bias is to break to the downside.
Our profit targets will be 24008 and 23508
Resistance: 27200 / 28000 / 28850
Support: 26500 / 26000 / 25000
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
BTC, Laught now, Cry laterBTC last correction is ending, next is heading to negative value
As we can see, comparing to oil chart during the covid crash, when in extreme market conditions, too much "dumb money" on same side, sharks take use of that to make big money while all the dumb money bets on the same side.
100k+ calls are a good example of the dumb money here in this market conditions when DXY is preparing a next leg to the upside.
I expect same conditions as it happened on oil during 2020, more the price falls, more longs will be added to the market, market will get irrational and drop as much as it needs to get all longs out, bellow 0 is a good number to get everyone out of longs
A good trade now, a short at any price, SL placed above 30k
And TP bellow 10k
Check previous charts as I predicted euro crash before it happened as well during 2021
Have Bitcoin topped for now?After the strong rise above 25k resistance, BtcUsd has accelerated its gains and reached a top above 29k.
The 29k-30k zone is a strong resistance zone that I've spoken about several times and considering in the last week we have 2 bearish engulfing formations in this zone we can expect a correction.
That being said, rallies should be sold and short-term traders could target 25k for their sell trades
BTCUSDNaturally, risk-averse individuals prefer cryptocurrencies, metals, and the Japanese Yen as safe-haven assets when the dollar is unstable. Recently the banking crisis in America and Europe has resulted in the decline of the US Dollar against major currency pairs.
On the long-term monthly and weekly time frames, we have a strong bearish decline of Bitcoin against the dollar targeting the 12,000-15,000 price handles. In the short run, due to the crisis mentioned above, Bitcoin has been resurgent against the dollar. Using smart money concepts of supply and demand, we anticipate Bitcoin to mitigate the fresh supply sitting at a 29,000 price handle. Once it mitigates we have two options;
1. If it breaks above (blue arrow), we expect it to rise further targeting the 40,000-50,000 price handle.
2. If it mitigates and fails to break higher, we will look for sell opportunities targeting the 12,000- 15,000 price handles.
We have a bias for option 2, where Bitcoin is expected to register a further decline against the dollar.
The above options will only be confirmed on the lower time frames, preferably the 4-hour chart.
BTCUSD- Upcoming Big Reversal on Bitcoin!!! hey everyone, BITCOIN spiked up due to collapsed of SVB BANK alongside gold, this is due to the uncertainty that market created. As we are looking for upcoming moves we are expecting prices to be bullish until 28k after we have where we believe that price will reject.
GOOD LUCK AND HAPPY TRADING.
Bitcoin to breakdown?Bitcoin - 24h expiry - We look to Sell a break of 26497 (stop at 27522)
Broken out of the channel formation to the downside. The bearish engulfing candle on the 4 hour chart is negative for sentiment. A Doji style candle has been posted from the high. A break of the recent low at 26663 should result in a further move lower. Short term MACD has turned negative.
Our profit targets will be 24047 and 23747
Resistance: 27800 / 28400 / 28856
Support: 27200 / 26663 / 26000
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Bitcoin price changes in the next 4 daysAt the moment, the first cycle of the rise has been completed and Bitcoin will have a falling trend in the next 16 days.
In the first wave, the fall of the correction will be up to 24,000, and it will return to the price range of 26,500, and in the second wave, we will have a fall of up to 17,538.
Take advantage of Bitcoin's current transactional opportunitiesBecause it was too late to write a specific analysis just now, I reminded everyone in my channel to short the current price of Bitcoin. Then friends who keep up with the pace of trading, Bitcoin is basically shorting at the position above 28600.
Let me give you a detailed analysis of why Bitcoin is shorted in the short term at this position.Judging from the recent trend, the daily line has had an upper shadow line on the closing line for 6 consecutive trading days, proving that the upper pressure is strong enough.It is difficult to make an effective breakthrough upward in a short period of time, and yesterday's negative K-line proved that even if the currency price wants to continue to break upward, it will take a certain amount of time to make a pullback correction so that the currency price can accumulate upward momentum.
On the other hand, the price is overbought, which may also lead to short selling in the short term, thereby suppressing the price of Bitcoin.But there is strong buying support below. So here I think that Bitcoin will have a certain pullback and correction trend at least in the short term.In this regard, we can fully seize short-term trading opportunities to obtain benefits.
In the short-term processing, the pressure of 28700-28900 is concerned above, and the support of 27800-27300 is concerned below.
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
BTC Bearish Market Continuation As expected, after the FED's meeting Bitcoin and the crypto market as a whole is now bearish. BTC hit the first target I had which was $26,940. Now with it retracing I'm waiting for a trend line break to the downside to enter into the market. My next target for Bitcoin will be at the FIB D Extension at $25,214 . Will update once target is hit. Happy Trading!
Higher Low RSI Set Up on BTCHigher Low RSI Set Up on BTC .
We have to visit an area that we climbed too fast. I believe it will occur at RSI when we will visit.
Rsi going lower when price going higher is a bullish set-up.
Price can move up without putting any lower low when this happens.
I believe 27.500 then 29000 will come.
BTCUSD Daily Timeframe Price Action Levels&AnalysisHi,
My latest analysis of Bitcoin, conducted on March 18, 2023 , focuses on a Weekly Timeframe Analysis and includes experimental resistance levels. As of March 21, Bitcoin has managed to stay above the critical support level of $26,309 but is encountering difficulty surpassing the $28,570 level. Upon examining the chart, you will notice that the price is inching closer to the Untested Supply area. This suggests that buyers may push the price higher, potentially facing increased selling pressure that could trap late longs within this zone.
In light of this potential price action, those with long positions should consider taking profits if they have not already done so once the price enters this supply zone, marked by a red box on the chart. As a protective measure, traders can move their stop-loss levels to nearby swing lows.
From a high time frame perspective, the market structure is not bearish as long as the price closes above $20,700. However, from a low time frame perspective, a close below the $26,309 level warrants attention. The nearest support levels are around $24,600 , as shown by a small grey box on the chart, with the following critical level situated near $22,675 . It is crucial to closely observe price action, particularly if the price closes below the small grey box.
This analysis is for educational and entertainment purposes only and not investment advice. Trading cryptocurrencies involves high risk and volatility and may result in substantial losses or gains depending on various factors such as market conditions, news events, technical indicators, etc.. Always do your own research before making any trading decisions and never invest more than you can afford to lose.
You can also check other analyses I've published earlier from my profile. Have a nice day!
BTC Correction ? Hello guys, Noticed Wedge shape on BTC for a long time
it`s very healty to correct back down, although it will be a great chance to BUY on the way !
The most important thing to keep the price above 25K.
My final target should be around 32-35K
Predicting too more the 100% for altcoins.
Hope you enjoy this simple chart.
Disclaimer: BTC nowadays are bullisher than we all think, it might go on without correction, This idea is the best case scenario from my opinion, DON'T TAKE IT AS FINANCIAL ADVICE.