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3rd validation point on downtrend from ATH's (lower highs) BTCHello traders, At $29,700 I mentioned a possible triple bottom, why? We only had 2 validation points on the downtrend from ATH's (which is a weak trend) but if we reject in the next 24 hours and get a 3rd it will strengthen the bearish trend with clear lower highs and eventually retest $30,000 leaving 90% of traders confused and lost. This will be my last technical analysis until the sell off starts. Also said that $42,000 - $45,000 was resistance depending when we pumped, but it appears to me we have a little bit of room left to pump but $43,000 won't hold in my perspective if we even get there. It's also going into a weekend at resistance. Stay safe. 👍
BYBIT:BTCUSD.PShort
by YurloTrades
18
BTC LOOKS READY TO EXPLODE (massive short squeeze coming) DAILYHello traders, The daily candle closes in 30 minutes and is just under resistance looking ready to explode. Weekly STOCH RSI starting tp point up. Honestly it's possible we get a $10,000 weekly candle to retest the downtrend from ATH's. From there we either get a 3rd validation point on the downtrend and reject starting the next major sell off or someone break it which I can't see happening considering the pi-cycle top signaled April 14th, 2021 at the exact top. Last time that happened was December 2017 at the previous ATH. There's a chance we still reject the weekly open but the weekly candle was very strong and daily candle about to possibly close above the descending triangle at the daily close. STAY SAFE, IF YOU DON'T DO YOUR OWN TECHNICAL ANALYSIS DON'T BLINDLY FOLLOW OTHERS. DO YOUR OWN RESEARCH AND LEARN EVERYTHING YOURSELF OTHERWISE YOU WILL NOT MAKE IT LONG TERM. THIS IS NOT FINANCIAL ADVISE JUST MY PERSONAL THOUGHTS.
BITFINEX:BTCUSDLong
by YurloTrades
11
Mas But I Never Know Just Like You! 👍So what fun in the wonderful world🌎 of Bitcoin ETH and your favorite Alt... I highlighted this region because I find it a note worthy zone for many to remember. Many on one side of the fence vary few on the other, but much wow! Many now are "I told you so's" or no FUD allowed let me keep pounding this rock it feels sooo good when I stop. Point is the chop is the chop but if your chopping a tree with the intention to harvest well chopping brings the tree down... 🪓🌳 I haven't posted much my previous post speak for themselves and current sentiment. 🤷‍♂️ Never wrong to plant a trees though! 😉 What are your thoughts? Is it bad that people like to realize gains and say "Cool! More Dollars now!" Most will answer with an emphatic "YES!!!" LOL Or am I really the only person that's down to pull profit and even short a little??? LOL No Advice to give just thoughts that I can't shake after the last 6 years in the world of "CRYPTO" Things 🤷‍♂️ #Fixed IDK Protect Your Neck! 🙏FOR JUST A HEALTHLY PULLBACK! ""KEEP CALM AND MANAGE THY RISK!""
INDEX:BTCUSDShort
by BradySWilliams
2
BTC is at very important area as you can see based on Fibonacci lines , we are on the golden 31.5 ~ 31.6 that is 618 fibo from last bull run , and if btc loose it it can go to the 29.7 then 22.6 , but if submit the price above this area , we can see 44k in next weeks, this huge long time ranging made every one boring , BTC is stabilized in 30kish , market is deciding let's see what's happening, i will update this post ASAP. will be happy to share your ideas with me under this Idea Good luck every one.
by shaahin777
1
BTCUSD Weekly chart in Bitstamb Ex. As you can see in the chart, we have long time channel that is VALID during time. in my opinion, Bitcoin has two down trend ways and no uptrend! These two ways can be: 1- PULLBACK to BIG RESISTANCE which was 19400$, however this price can be EXCELLENT support now, but in 2017 made bitcoin drops to very low prices. 2- According to channel, price likes to go further down prices and touch the support line which can be 10000$. this number is(and was) BEST price for investing in cryptocurrency. In other hand, if we look at ICHIMUKO indicator(=GOD OF INDICATORS) there are some BAD news which are: 1- kijun sen CROSSES tenkan sen in downside way. 2- chikou span is in candles and stick to them. Conclusion: If you are investing in crypto you can SELL and buy in low prices or wait for 6-12 months If you want to invest in crypto you should wait for better prices If you are trading be careful about stop loss! GOOD LUCK, Dr. MMZ
BITSTAMP:BTCUSDShort
by moeini95
Just Kitchen - $JK.V : TSXV- 2 possible upcoming plays.This chart doesn’t have a lot of history, but if you start to look at it there are a few support and resistance points that are starting to get established. Using these as guidance I’m proposing two possible plays for Just Kitchen depending on the direction it chooses to travel in the coming days. As this is currently trading on very low volume, the measurements are long term goals and profits should be taken at key support and resistance levels to remain safe. I’ll be keeping my eyes open for directional travel with in the long/short entry zones to see how things start to play out.
J
by Magic-Charts
1
IF DESCENDING TRIANGLE GETS INVALIDATED (bullish scenario) BTC Good afternoon traders, First of all, please get this post 30+ likes to unlock the next technical analysis 👍 Second of all, if this descending triangle gets invalidated and we get a 4 hour or daily close above $34,000 - $34,555 this scenario may play out. $42,000 is a key market structure area of interest, there's been a few s/r flips at this level and it was big support but now its been resistance. There's always a chance we nuke and I'm not betting on this scenario happen (I'm not trading until we get a clear direction probably later this week) my bias is neutral and I'm going with the flow of the market. This scenario would likely confuse the entire market and bitcoin loves max pain scenarios (BTC) Stay safe, and cheers fam 👍
FTX:BTCUSDLong
by YurloTrades
1