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BTCUSDT Ascending Wedge and prediction of massive dump Well, not so easy.. not for anyone, perhaps weak structure and irrational counts, now resulting in beautiful ascending wedge in 4H in BTCUSDT. I am expecting a deep correction to shatter the dreams of CT, who are bullish but have lost count of bounces and pending corrective waves. I think we should trade slow, and steady, one day at at time, perhaps few candles and look at Price Action. Ascending Wedge pattern will usually result in fall of price, and deeply correct the BTCUSDT structure. Targeting 30K levels.
Short
by Falcon_Trader_1
2
BITCOIN BTC-USD DEATHCROSS SIGNALS BEARS HAVE WON!Major sell off of bitcoin STILL LOOMING..I have also seen multiple death crosses on many other benchmarks. The feds and algorithms on our manipulated and rigged markets is trying really hard to rally and prop of all markets not just cryptocurrencies. These rallies will not hold in my opinion. The BEARS HAVE WON and i am seeing confirmed signals of a permanent bearish reversal that is leading to a possible recession globally. All other major worldwide benchmarks are being affected and suffering equally as well. BITCOIN ACTS MORE LIKE A BENCHMARK THAN A HEDGE. IT SEEMS TO FOLLOW THE SIMILIAR BEHAVIOR IM READING ON OTHER BENCHMARK CHARTS. IT IS NOT A HEDGE ANYMORE AND MORE THAN LIKELY NEVER REALLY WAS. WE HAVE THE TULIP MANIA ALL OVER AGAIN. IT ACTS LIKE THE DOW, NASDAQ OR S&P. Just my theoretical analysis of what i see. Take it with a grain of salt. Thank You, Cryptobuzzanalyst Disclaimer I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this TA,(Technical Analysis) is for informational purposes only and do not constitute financial, investment, trading, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using or reading this technical analysis or site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this analysis.
COINBASE:BTCUSDShort
by CryptoBuzzAnalyst
Will BTC hold 40k?Here's a quick look at the BTC Daily chart . As we can see, the price has been continuing its downtrend within the bigger falling wedge for some time now. The price is currently at the top of the falling wedge, and a rejection here will lead to further downside. The price needs to break above the falling wedge in order to build some bullish momentum. If the 40k support zone can't be held, then the price may very likely revisit the 33k-37k zone. ------------------------------------------- What Is a Wedge in the context of trading?: "A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge-shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts. Key Takeaways for Falling wedges: 1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods. 2. The patterns may be considered rising or falling wedges depending on their direction. 3. These patterns have an unusually good track record for forecasting price reversals." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
BITSTAMP:BTCUSDShort
by MBM_Crypto
3
Bitcoin - first 41500 then 46000? Big manipulations are close Today we will consider a small overview of Bitcoin. The first thing that looks in the eyes is a narrow trading range (marked with gray rectangles) And we also left all the levels that we had designated before this time. If we briefly describe the situation, we expect the demolition of stop loss long positions and a quick recovery to the level of 45500-46800 Why do we assume so? According to the analysis, we are locally in a downtrend. Locally - everything above the level of 43000 - can be evaluated as a long position, in order to return the price to the mirror level zone. This is seen by many market participants, including big players. The volatility is decreasing and the trading range of the price is shrinking. This is the first sign for big manipulations. The gann angle indicates that in the near future we will see the price go beyond these gray rectangles. Considering also that target days These are daily targets for Bitcoin. Upper limits: 45300 - 45950🚀 Lower limit: 41000 - 41580☄️ Our analytics team is looking forward to the turn of events as shown in our chart. Observe risk and money management. Trade smart
by AzurTrade
4
2022 is the next 2008 (but way worse)Last night (12/10/21) CPI data came out reporting a 6.8% increase. This is exactly what I had predicted as I've mentioned multiple times prior on other platforms. However, I am here to say that it is FAKE! In a couple of months the true CPI data of today will "unexpectly" show up. Markets will freak out and you will end up becoming a bag holder like 90% of retail does every recession. There is a reason why the ultra-wealthy are now monstly risk-off. For an example, Elon Musk, just a little over a year ago had said that he would never sell a single share of $TSLA, but in this past month he sold 10% of his entire equity in $TSLA Warren Buffet is now holding a record $128 Billion in cash Chamath pulled the rug on $SPCE, despite his insane shilling in prior months to years. The list goes on and on.. But you get the point. It is time to at the very least hedge your life savings you put into $SHIB and start re-allocating your assets. I am currently 10% short and 90% cash (previously 90% short from 20x shorting $BTC at the top at $69k and have since taken most profits/ de-risking myself - despite the likelyhood of a potrential crash/depression which I am personally expecting to occur). I don't have crystal ball nor am I saying this is a certainty. Actually no I take that back... This IS a certainty. May not happen tomorrow, next week, or even a couple months, but it will happen and you want to be ready when it does. Be prepared folks. Best of luck, Matt Park This post is not financial advice and is simply me putting out my opnions on the current state of the market. More details in regards to my opnions of the market is to come soon so stay tuned!
COINBASE:BTCUSDShort
by cryptothousandaire
Short On $BTCLong story short: Trendline broken->Bearish. Falling wedge broken->bearish. Fib level broken->Bearish. Currently looking at 1.618 around $44k. Even though we broke this price, we did not close a candle below this level, so still ok-ish. Looking for a structural retest of this Fib level, either we bounce or die. Two things that spin around in my head: Bull markets don't end in fear, they end in euphoria. A reason to remain bullish, as long as we don't see any escalation with Covid measures etc. On the other hand, this cycle seems to be different, we could really be entering a bear market due to exogenous events (Not really black swans), and for that reason we don't get to see a parabolic move. It's all a matter of market manipulation at this point I'm afraid.
Short
by koun_the_wolf
1