BTCUSDSHORTS
More Drop on BitcoinANALYSIS ON BTCUSD
Welcome to my analysis
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DAILY CHart
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Interesting Point of interest In the BTCUSD pair.
- Price below 200 day EMA.
- if pulls back to top, sell at top of around 8700-9k.
- Expecting more downward momentum. Price could move to around $7k and even lower
- Watch $6850 for take profit.
- MACD showing bearish divergence
Stay Tuned
When to buy... using BTCUSD Shorts 20 MA (PART TWO)Took the weeks in which 20MA decline ended. Marked with arrows when week high and low pierced H L range of first and last daily price bar of decline in MA. Can you discern a pattern. NOT ADVICE. DYOR.
From yesterday's post see yesterday's post for more detail
When to buy. Here's an idea using BTCUSD Shorts 20 MA.Using 20MA Bitcoin Shorts. When to buy. Looked for long drops in MA ending with double bottoms (27 & 29 Jan, 21 & 25 Otc) and studied those bars to draw interesting breakout levels. In this study a close above $8371.3 looks key for bulls, and below $7,426 for bears. But be careful this is based on today's low at the time of posting this chart having already been hit, and that the end of day 20MA will be higher than yesterday. NOT ADVICE DYOR.
BTCUSD beautiful C&H CONFIRMS shortAll right ladies & gentlemen (yes I just assumed your gender) I’ll make today’s publication nice and easy and simple yet informative as I’ve been getting a lot of demands / requests for more publications, I apologize that I haven’t been able to do as many as frequently as I’d like to.
Not going to make any excuses, the simple truth remains that I’ve started these publications with the intent of distinguishing myself as the trader that includes opeds, tips, historical trends, etc.. and not just telling you what to do (where to buy, sell, how much and all) so with that being said allow me to contradict myself immediately after this statement by explaining this technical analysis with one simple sentence;
After some sideways priceaction, an influx of volume building was in confirmations coupled with the C&H makes it an obvious choice for forex traders looking to short:
TP SHORT @ $11.4 (green horizontal)
Stop @ red horizontal
Timeframe: 40-72 hrs
With that being said, have a wonderful evening!.
DISCLAIMER:
Please invest wisely. This is a highly volatile market, even during bullish trading volume; parabolic or not I’ll put it as one legendary institutional investor known commonly in the word of finance as “the bond king” who stared: “cryptocurrencies are just speculative and interesting enough to invest no more then 1% of your net worth! I disagree, but that’s the point of this disclaimer; for me to remind you guys & gals not to be like me in hedging more than 25% your net worth in crypto alone and another 25% divided up in high risk / high reward portfolios as well as an additional 20% of your net worth in other investments(stocks equities bonds etc.) but I digress.
Safe trading everyone !! Set that stop loss non matter what! Don’t be greedy and FOMO/FUD!!
GO WITH YOUR HEAD, not your GUT !
- @a1mTarabichi
#BTCUSD#Bitcoin, Downward trendThe blue lines in the above graph are the Fibonacci retracement which is a strong indicator of support and resistance lines.
Bitcoin failed to reach its target of $ 13000 and responded to a decline that is currently intensifying because we broke the support line 50%.
The red line rose above the green line in the Ichimoku cloud which is a bear sign.
Target: $ 9500