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Short-btc

BITCOIN Breakout Imminent! Hello Traders, Welcome to an update on BTC recent developments, Inside Bars Broke! Points to consider, - Testing support line, potential HL - Price rejected from .618 Fibonacci zone - Overall volume spike - Bart pattern back into support line - EMA’s acting as resistance to price - Stochs in lower regions - RSI is in neutral territory - Bull impulses are getting smaller Bitcoin has recently had a dump from a major technical zone, the .618 Fibonacci retracement and structural resistance being in confluence, was too strong for the bulls. Price retraced back to the trend line which is currently holding as valid support. This trend line is a crucial support base for the bulls as we are coming closer into the formations apex, the HL and LH will have to cross in the near future. We can see a potential bearish divergence forming, but this will be more probable if the RSI retests its upper potential resistance zone (Orange Ellipse). The Stochastics is in lower regions, telling us that upwards momentum is probable, this will be valid as it will allows the RSI to retest upper resistance, further putting emphasis on the bearish divergence. The VPVR shows low volume of transactions after local support level, Bears are able to pick up momentum if price was to break support. We must also consider that the EMA’s are currently giving price resistance, an upper edge to the bears… A Break from the support line will send BTC to test local support levels, (green zones), posting gains of a potential 12.6%. A break bullish can really change the structure of BTC, taking out the previous Lower Highs; will allow posting gains of 16.5%, remember to use stop losses when trading breakouts! Overall a break either way can tell us which direction BTC is headed on the Macro timeframe, we will either test yearly lows or head up and above all-time highs with in the next couple months… What are your thoughts? Will BTC break trend line and test lower support levels, or will BTC break through resistance and put in a higher high… Please leave a like and comment, And remember Limit your size in any position so that fear does not become the prevailing instinct guiding your judgment - Joe Vidich
BITMEX:BTCUSD.PShort
by AzizKhanZamani
30th August 2019 : Short BTCBTC had quite a strong sell off taking out the lows of the last 2 weeks. The way price is stalling right now is evident that profit-taking is occurring. Since the start of July, the $9650 level has been pretty solid. Every time price deviated below that level it has resulted in a strong buying reaction... However we are here again for the 4th or 5th time which is why I am not really expecting a big rally off this level anymore. I believe we're going to see a new low before the month ends!
BITMEX:BTCUSD.PShort
by Spicyy
$BTC Dominance Is Ready For A 10% DropBitcoin has reached 70% market dominance which hasn't been seen since May - July of 2017. In 2017 we saw dominance fall below 70% fast and retest this range but it was unable to break the resistance. We saw Alt Season just 6 months after this rejection. Dominance has been rising fast since April of 2019 and has formed a rising wedge. I expect this wedge to break and for dominance to fall 10% to the 60% range. If this support breaks down, Expect dominance to fall another 10% to 50%. Either way we should see Alt Coins breathe and maybe run wild for the next 6 months or so. *This is not financial advice. I am not responsible for any losses of money*
CRYPTOCAP:BTC.DShort
by ParCrypto
2
End of the run for BITCOIN. Sit down and watch the correction!Dear traders. You all know how bullish I am for the long term in the whole crypto market. The last days I saw some really heavy selling pressure when Binance and Coinbase were approaching $6000, but the market recovered really well. Then the Binance 40M hack happened. The reason why I'm 100% bear for the next 3/4 days is really clear. 1) WEAKNESS OF ALTCOINS. Great news both for Ethereum and Litecoin, look at what happened to their prices. 2) ENORMOUS RESISTANCE at $6000, it HAS to correct before break it. Bullish whales want to buy low and fuel it back later, while bears don't want $6000 to break. 3) TECHNICAL: Look at the well-defined uptrend that bitcoin followed up to now, and the weakness that it's showing. 4) TRIANGULATION: in the short term we need to break out from this triangulation, and the outcome will be to the downside. But our trade is not on BITCOIN, is on the altcoins, that will suffer even if bitcoin would break $6000. So we shorted BCH, LTC and ETH, leverage 3.3x on Bitfinex (tether is slowly appreciating too). Yes, BFCMInvest has a big short position to the market right now. Will you follow us? Let us know in the comments
BITFINEX:BTCUSD
by BFCMInvest
4