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BTC\USD Ascending Broadening Wedge FALL ALERTIn this idea we have a ascending broadening wedge On Bitcoin that really matches the behavior we have witnessed recently. I did my best to project the targets we should see as we break out to the downside assuming that is how this moves. Maybe it will maybe it won't. Only time will tell. Good luck to everyone and much love- ND Ps-If you look at the formation in smaller frames where we are now you will see the exact formation that is towards the end of the example.
BITSTAMP:BTCUSDShort
by The_New_Disciple
8
Things are looking very different between me and Bitcoin.2 nights ago I was able to go all in for the swing trade and to play some side coin action also. Last night I have started to see things in a different light. Elliott waves and and some candle stick patterns have made things different between us. I will always mine with my laptops and I will always hold my 0.1+. Looking forward to mainly swing trade and protect my profits for a while. Also this is the time we could see governments take sides with alt coins. We could see them in mega rallies. Watch out for them decoupling from bitcoin. It might start as an equilibrium pattern then a full out breakout. Nothing is promised but the gains I've made and cashed out. I plan to continue to share my ideas here and nothing is financial advice. It could go to ZERO, 3k, 8k, 13k, 21k, 34, 55k, 144k, 233k Or any numbers that are of any great meaning. Please look at the highlighted small boxes and tell me if you can see anything special like I do.
COINBASE:BTCUSD
by Polarbearman
Where There is Smoke, There is Fire | CSX Short 🚂Classic short setup for CSX railroad here. It just so happens other railroads are also showing bearish formations with imminent resolution - most likely to the downside - ahead. Remember: we are at 3.6% unemployment - a rate that has remained historically unsustainable, and elusive if not unattainable - for the last 75 years. Combining the "large-time-frame" bearish formation of CSX and the current status of the long-run labor market, I think we have a strong case for a weak aggregate demand. Not to mention, oil has been selling off for a year, despite higher unemployment. So... what gives?
NASDAQ:CSXShort
by ChiefMacro
Game over for bitcoin?We are now approaching the resistance of the biggest bearish pattern that we had on bitcoin since the huge falling triangle of 2018 broke down, and this pattern is now so mature that it's now more likely than ever to be the last time it touches this resistance, possibly right before we have the real dump to 8k-7k and below. The target for a triangle this big should be around 4.8k if i remember correctly, but on the log scale i think it was at just about 6k or somewhere in that area.. I have been shorting every top I could, and while one or two of my positions might end up getting liquidated by some bullshit green wick I will still continue to place more and more short orders because I think that bitcoin is way overdue for a correction, it cannot ignore the basic rules of price action for this long, and this insane unexplained unsustainable run from 3k to 14k was not ever going to be a simple light switch that can just turn on the crazy bull market again with complete disregard for time that needs to pass.. My advice(not financial advice)is to short from the green box with low leverage and from those two resistance lines with a bit more leverage, and I really think riding this dump is very likely to end up being the best short position of the entire year.
BITSTAMP:BTCUSDShort
by jambalulu
3