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Short-btc

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
Sweetspot Short for BTC. Heavy resistance. Basic TA that works.First rule. You don't long resistance and you don't short support. Price at 50MA weekly - HEAVY RESISTANCE Basic rule that support changes into resistance when it breaks. 5800 - 6000 clearly is the big resistance that held for many many months. Thus flipped into - HEAVY RESISTANCE BTC loves the 61% and 78% fib retraces. ALL of the previous pumps above 6k were stopped at 61% fib levels. Price is currently between 61% and 78% fib levels. Short it. SHORT IT BIG.
BITMEX:BTCUSD.PShort
by EzCLAP
Bitcoin Final Touch to Bottom Fractal Continues2019 for comparison: The Hall and Co 2.0 trading indicator seems to be outlining the bottoming fractal (assuming we are already at the bottom). We just had the local push to 4200 area before dumping then rising somewhat to where we are now. If the bottoming fractal continues to hold true then we are going to have a slow bleed for the next month or so until we wick down to the 3200 support area. I seriously doubt it will break but we will have to wait until then before we decide to go all in at the bottom. Look for super high shorts (as high as they were when we dropped all the way from 6k to 3k), since it also seems that going against when people are heavily shorting is intelligent. Shorts are at the ATL area right now, which is where they were at just before the break to 3k from 6k.
BITSTAMP:BTCUSDShort
by bobjames1
BTC Analysis - Long & ShortFrom this point onwards, BTC is most likely going to come into contact with the resistance at the falling wedge and go down to the support of the falling wedge. The only possibility of BTC overcoming this falling wedge will most likely only come when the falling wedge crosses $3170 support line. Then, it will only have enough support to break through of the falling wedge and possibly have another contact with the $4045 resistance line. Buy or sell opportunities are present when prices of BTC comes into contact with any support of resistance as stated below Crucial Support Support of falling wedge $3170 support line Crucial Resistances Resistance of falling wedge $4045 resistance line
by TrevorSoh
INCOMING BREAK DOWNWARDS! SHORT!Hello Good People, The chart displayed above is examining a possible fractal pattern on bitcoin for a possible SHORTING opportunity. As you can see BTC has repeated this pattern on 3 occasions in 1 month. On the green circles, you can observe 2 big red candles, followed by some side movement and finally another drop. I think we might be in for a drop into the danger zone (red rectangle) and possibly touching that 3200-3100 low and create a double bottom that will mark the end of the bear-market. I would say, set a short order at 3494 to make sure you don´t catch a wick down and watch the market plummet. I wish you luck in your trades and have fun learning. From your friend and neighbor, LunaMan.
BITMEX:XBTShort
by Luna-Man
2