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Short-btc

THE BREAKOUT WE ARE WAITING FOR?This is more of a longterm chart. But since the volume is so bad and the range is getting tighter and tighter it's very dangerous to trade here. What i am looking for now is a break above the blue triangle either up or down. For a break above it, i look for a 8,5k USD target. and for a break below 5800 (0.236 fib) i look for a target at 4500-4100 USD. I am more on the bearish side of this sprectrum. Due to the reason that if we reach (e), and it proves to be a huge resistance, it states that it would be the end of the ABCDE, and it will go outside the current range and target 4500-4100 USD.
BITMEX:BTCUSD.P
by LukeSkywalker
Short Term Trade. H&S on 30m TFBITFINEX:BTCUSD H&S Has formed nicely in lower time frames. This may be the catalyst we've been waiting for all day which will drive us down to about the 6.3k Area. 6.1-6.3k Is a nice area of support so it would present us with a nice buy opportunity should the neckline break. and target hits. Stops for the 6.1-6.3k buys can be set at around 5.8-5.9k. If a reversal at the neckline occurs, the H&S could still be valid as long as BTC stay within range. Upside potential at this point is capped at around 6.6k. Bears have been determined to keep this down below that level for the past couple of days so don't attempt a long unless we break that 6.6k resistance with force. Keep in mind that people that hunt for stops will usually know everyone has them set there so they will attempt to trigger it to load up on cheaper BTC before pushing price back up.
BITFINEX:BTCUSDShort
by TaoXBT
BTC IS BUILDING A BASE BUT WILL IT BE STRONG ENGOUH ?The yellow line is the base I'm talking about, we can clearly see higher lows, but as long as we stay inside this triangle and the indicators aren't looking bullish, I think we stay in a Bear Market. Volumes are slowly decreasing while the price is slightly going up in 1D Still waiting for a clear EMA crossover in 1H even though recently there have been signs of reversal. MACD is not quite setup yet. My Website : blockchainFiesta.com
BITFINEX:BTCUSDShort
by cyatophilum
BTC Daily Thoughts - BitcoinMFGM to all BITMEX:XBTUSD 1D starting my morning by seeing this reversal on the daily indicating might be DUMP inc. Im searching for MACD lines to set apart and negative HIST. for confirmation. Short signal 12h. nuff said. no advice. Is it liqidating 6h late longers or is it gonna drump some more? 3h. every 3 hours bigger RED candle. (been dropiing for 3 candles in a row) 1H back to ~entrypoint from lat hourly signal Check out TV scripts: www.tradingview.com NO ADVICE. DYOR. Have a Great Day and good luck
BITMEX:BTCUSD.P
by BitcoinMF
BTC showing bearish signsEven though I have not yet placed a short, BTC is looking to close its weekly candle below last weeks low (61xx). The bears are not done yet, as I am expecting a final push lower before the final bull run. 46xx makes a lot more sense for institutions and big money to jump in, but a reversal from 57xx has happened three times before and clearly serves as a strong support. I doubt this will be the reversal, even if it serves as support in the short term. When this level is finally broken, weak hands will be apparent and panic selling will set in. This could easily smash us below $5000 and finally meet the levels that big money has been eyeing since the crash. Consolidation is expected between the resistance of 66xx and support of 57xx. Short term, a push upward to the 9EMA, which is aligned with the resistance shown on the chart (66xx), would not surprise me. If price reaches this level of resistance, I will place a short trade with a TP in the 61xx region and a SL in the 69xx region. If this region is met, a quick melt back down will happen because I strongly believe the weekly candle will close bearish. As seen with the highlighted green squares, every time we have had a bearish weekly candle, it is followed by another bearish candle. History tells us that this weeks candle will close bearish. Time will tell, happy trading!
COINBASE:BTCUSDShort
by Musgravio97
Bitcoin Bearish Rising Wedge + TargetAs you can see, Bitcoin is currently in a bearish rising wedge pattern (see green highlighted green triangle). These patterns are bearish and usually break to the bottom side of the pattern. The target is approximately $5,800. This target is derived by measuring the height of the rising wedge from the start to the lowest point, which happens to be 10%. This is a very good risk/reward opportunity of 7.5 if you're able to enter at the top of the channel. Alternatively, although I feel more unlikely, this may also be a an ascending triangle that has broken out and retesting the top of the ascending triangle pattern (see purple dashed line). I'm betting that this is more of a rising wedge given the precise touches to the top line, but I wouldn't rule out the possibility of an ascending triangle. If it happens to be an ascending triangle, then I may flip to long IF the stop loss happens to be hit.
BITFINEX:BTCUSDShort
by ttrending