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Short-btc

Crypto Market CapThe Total Market Cap , BTC and Altcoin Market appear to be breaking out of crucial long-term levels. Certain market conditions have to be met for either a bull-run trigger or bear-cycle continuation, based on the degree of economic stability and certainty in it. I'm going to discuss critical technical levels and their implications, as well as my fundamental views for the year. Bad Outlook for Q3/Q4 of 2023: Equity market health and controllable inflation would aid crypto development in the long run. So far the battle against inflation and stock market health have been promising. However, by considering the following 3 factors the outlook may rapidly change: Fading AI hype The end of the U.S. presidential election stock rally cycle, which occurs in the year after midterm elections (last midterms were in Nov 2022) In Q3 of 2023 (particularly August and September) there is historically more consumption due to the beginning of a new academic year, implying further inflationary pressures and more gov intervention 1) Consumer spending accounting for >2/3 of GDP and 2) currently being discouraged through prolonged high interest rates - amplify my positive GDP growth expectations = more inflationary pressures. Technical Levels with fundamental evaluation: I believe long-term levels are crucial for trend analysis. We're currently testing multiple levels simultaneously. Due to my pessimistic views for the upcoming months I am bearish in the short-run and bullish in the long-run. From current price level I'd expect +- 30% drop (below 20k), shown in figure 1. If we do go to the upside, we could see a 60% short-term price gain, presented in figure 2. Either way great volatility is to be witnessed. Figure 1 Figure 2 I hope you took away some important points. Trade safe :) Feel free to comment your opinion
CRYPTOCAP:TOTAL
by Sanzhar_m
1
BTC Down....potential Bart forming on the 1 hour time frame Happy Sunday folks, for those trading today and for the proceeding days I would like to give some targets that should play out in the next week or so...They call me Big Short for a reason lol, initially I can see a Bart Simpson Pattern that looks almost fully formed, I have 6 layers of confluence to the downside on smaller time frames, in addition I have a measured move of 29,180 that should play out by Tuesday in my humble opinion. Last of all I still have a measured move of 24,465 that has yet to play out...happy trading
Short
by Crypto_Cam_1
BTC | Bitcoin | Further downward movement depending on PPI data| Don't Forget To Hit Follow To Never Miss An Idea | | Please Support By Giving This Idea a Boost | Bitcoin looking like it could continue further downward movement if FWB:27K support doesn't hold | Bearish Signal In Play | Rejected from the 50 D.EMA | Strong support at FWB:27K | Small Bullish Divergence | Untested Weekly Pivot | Good support target for base of Weekly Pivot and the 200 D.EMA | PPI Data dropping so expect volatility
Short
by Kryptochristian
Bearish Divergence on Daily BTC Chart and Channel ResistanceIf we look at the current situation, we are faced with an unexpected rise in the BTC table, considering both the USA inflation data, the global markets and the US Dollar Index . We've come to the resistance zone of an already rising channel , as if that wasn't enough, there is a weekly period death cross presence. In addition, there was a serious negative mismatch between the price and the relative strength index in the daily timeframe . Considering these data, it would not be surprising if the price tries the channel subband $18.5K from this point.
Short
by the6ylal
2
BTC 1W Double TopBitcoin has formed a double top formation on a 1W time frame, potentially breaking 200D SMA and falling through the gap on VPVR on the right to the first serious support in orders history. The price target is 17450, which means a retest of a 17500 round price resistance. Waves have shown a local top, and the aggression of selling is now below zero. Of course, there is still time for a week to close without a sell signal, but considering how fast the price and BTC dominance are dropping, I felt the need to share a thought. Also, there is a double top on the weekly RSI that is not shown on this chart that you might consider. And keep in mind that 200D SMA is a serious support. If broken, this market-manipulated bull run is over.
Short
by RockinHood