Get started

Short-btc

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
BTCUSD - SETUP - WEEKLY CONTINUATION - 12 JUNEWELCOME TO DACAPITAL TRADING!! BTCUSD just started moving as expected, quick Timeframe breakdown for free and everybody. 4 HOUR Strong bearish close below previous week low indicating sellers pressure DAILY Market taking out buyers overall, psychology is killing all the players which jump out of the Market in every timeframe WEEKLY Market still falling in every timeframe but considering, we gonna see upside movement shortly LEVELS SHORT @ 6519.02 SL @ 6799.06 TP1 @ 6238.00 TP2 @ 6101.51 TP3 @ 5957.47 Weekly trend continuation, move SL to BE if TP1 hit and close partial Profits at every TP Level.! Enjoy our limited Free Content and Setups, leave us a like and Comment!! DACAPITAL TRADING
BITSTAMP:BTCUSDShort
by DACapitalTrading
13
BTC - FUD is back in gameI was thinking about the another transfer from Mt. Gox wallet and what it can trigger to the market. Only fear and uncertainty is the answer.. This is a nasty nasty slap for bulls in bad moment. After the long time of these many positive points we have a one big negative on the scene again. Even though, it is just a one of the reasons for swing the mood from bullish enthusiasm to bullish worries. Will it be enough ? Is it just a bad day ? Anyway, we will see.. Here I post my corrective vision. I will update it if I feel like you are interested.
BITFINEX:BTCUSDShort
by tommyelltom
23