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Btcusdshort

Bitcoin seeking re-test of Head & Shoulders after LOWERLOWBitcoin is seeking its Lower High on the intraday 4H chart after confirmed the break of a neckline from a Head and shoulders patters. Price is currently respecting structure. The Daily shooting star at the back of a retested trendline suggests that there is sell strength near the neckline of this patters. I will be monitoring the 1H for a the re-test however the volatility must show for this to be a valid sell. This bullish push is all apart of a weak momentum swing high. This setup will appear the clearest on 4H and 1H. I will take entry on the 30 or 1H.
COINBASE:BTCUSDShort
by DesharedPierreJr.
BITCOIN close to channel resistance and resistance area ❌🧨Hello 🐋 based on the chart, the price is close to the descending channel resistance and resistance area and breakout of support to the downside happened 📖💡 for any other huge pump, we need more correction to the downside 💡📖 if the breakout of the first support area (25K) to the downside won't happen, we can see more gain from 25k 💡📖 but if breakout of the lower support zone(25k) be completed, we can see more correction to the downside at least close to 23k area and see more gain from 23k level 📖💡 range candlesticks to the upside and downside before any other sharp movement is logical 📖💡 👌 Notice: pay attention to the price on shortcut chart (located under the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Short
by MadWhale
9
BTC Trading Signal: Target 40000 BTC currently has a relatively clear trend line. If it does not fall below during the backtesting process, you can refer to this trend line for long trading. The resistance is 29800-30200, and the target can be set near the resistance. If it falls below, short positions will have a better chance to make a profit. The support is 28600-28200. Of course, you can go long near the support. As long as the support is valid, the probability of profit is also very high. The long-term goal is still at 40,000! Finally, I want to tell everyone that no matter how many years you have been trading, no matter whether your trading is losing or earning, if you follow me, you will definitely gain more!
Long
by EagleEyeStrategy
2
Bitcoin Head & Shoulders Activating!BITSTAMP:BTCUSD Head & Shoulders printed pattern. Watch for neckline break to confirm. Has busy support zone as highlighted. RSI oversold so you can enter on Bearish Retest or add to your positions. LONG: If the neckline fakes out then consider long opportunities. Plan A / Plan B - We move with price and prepare in advance. Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge. If you liked this idea or if you have your own opinion about it, write in the comments. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
BITSTAMP:BTCUSDShort
by imr4nkh8n
Bitcoin is ready to fall and only need to confirm the pattern.At the moment I am analyzing, Bitcoin has not yet confirmed the Head and Shoulder pattern and has not started its downtrend. Confirmation of this pattern is needed to break the pink trend line and pull it back. And then after the pullback, it will quickly reach two profit levels of $25,088 or $24,550, one of which is the collision of the price with the blue trend line, and the other is a drop due to the completion of the head and shoulder pattern. After the first profit limit, if Bitcoin continues to fall, it will reach the second and maybe third profit limit, which I do not think will happen. Good luck
by khosrooparviz