Bitcoins bearish divergenceWe have seen BTC run up quite remarkarbly, but everything has to come to an end!
With all the hype around BTC right now, and with my grandparrents beginning to talk crypto I feel the bull market is coming to an end.
Using Elliott wave we can easily see that the 5th wave has to end somewhere around the current area and perform a proper correction.
Also we have been seeing some bearish divergence in the RSI lately which indicates that the market need to turn red for a while!
Beware that shorting this market is a very big risk.
Best regards,
Widtrade
Shortbtc
Bitcoin - I open new Short from 53300 BTC/USDTPerhaps I'm wrong, but for myself, I made this decision.
Targets: 50300 - 48300 - 44300 - 41950
Stop loss 55900
My risk 7%
This Channel is not financial advise, It's My opinion and My observation: @opptrade
❗️❗️❗️Disclamer:❗️❗️❗️
Dear friends, traders.
My trading ideas here are not financial advice or coercion into action. I am not responsible for your trading and how you follow all aspects of correct trading.
- I do not recommend that you trade AT ALL if you do not know what risk management is, money management.
- I do not recommend that you trade without a STOP LOSS.
- And I'm not responsible for your "make millions of dollars fast" gag
- I am only showing you the charts that suit me for certain positions.
- For each position - RESPONSIBILITY LIES ON YOU.
If you don't use all of the above, your deposit will soon become $ 0
- Therefore, if you decide to follow my positions - Take responsibility for where the bad outcome may be.
In time, i to bee wrong too, and have a loss.
But with the correct observance of the indicated points, which trade with me others traders - they earn (NOT IN A DAY, but in the medium, long term)
I am only showing you how this or that scenario can work in trading.
For all your actions, only you are responsible.
💠💠💠I am not a scammer and I am concerned about your trade.💠💠💠
This is a rising wedge pattern ? (Bearish Reversal Signal)This indicates slowing movement and it usually precedes a reversal to the downside, meaning Traders should be aware of the price will down.
My strategy.
I wait for a breakout of a rising wedge pattern. If breaking down I will sell for taking profit and short BTC but if breaking up meaning the rising wedge pattern fails we can follow buy again.
***
There is also a bearish divergence signal from rsi.
***
It just my strategy, not advice
Please carefully before investing.
Good luck.
Short BTC from $44,000 with a SuperForecaster“EKU” is one of Cindicator’s SuperForecasters with a P&L of 87% and a Sharpe of 1.97 — that’s just for weekly BTC signals. EKU has been making forecasts with Cindicator since summer 2019.
EKU is on a roll with three consecutive profitable signals.
Last week EKU suggested:
Long +22.56%, entry at 28,344 with a Take Profit at 34,734 and a Stop Loss at 25,149;
Short +15.53%, entry at 41,123 with a Take Profit at 34,734 and a Stop Loss at 44,318;
This week’s EKU’s long already delivered a profit:
Long +16.67%, entry at 33,000, TP at 38,500, SL at 30,250.
Now EKU is planning to open a Short from $44,000 with a Take Profit at 38,500 and a Stop Loss 46,750. Please be aware that this trade will be active just until January 18.
Open a new short Position (Last Short +860pips)Hello dear friends, I am writing to inform you, that I am planning to open a short position from the current prices.
Because we have strong levels, the price is sandwiched between them, and in my opinion, they form a "head and shoulders" pattern
We also have a bearish triangle drawn on the chart, and the price is again near the strong level of the market maker.
The volume falls - the price rises.
Perhaps I am disconcerted, but I again made such a decision for myself!
Sell 23400
Targets: 23100 - 22870 -22650-22440
Stop loss: 23950
I also open one large short position - from this price 23380
Sell:23400
Targets 22500-21950-21360-20820
Stop Loss: 23950
I understand that everyone is waiting for the price to return, and that it is impossible to trade against the trend, but I don’t want to open long positions, I just don’t want to, because there are many facts for me about the price decline ...
MY SECOND POSITION IN SHORT btc/usdtHello dear friends again)))))
Thank you for your thank you messages for making money with me, that my tips and ideas are helpful to you.
I thank each of you for this.
At this time, I open a new short position, from the current price 23830
Targets: 23550 -23300 -23000-22500
Stop loss 24100
Because for me there are many factors that again speak of a decline.
I go short because for me there are my levels at which I work.
We reached 23550 by the previous idea)))
You will ask why I did not set this target - because I expected a breakthrough of this level to 23300.
stop loss at 24100, same as for the previous trading idea!
We have already earned 290 points in it, and the stop loss is at breakeven! (24090)
Maybe I'm wrong, I'm not asking someone to follow me. I only share with you my trading positions, following my risk management and money management, I always trade with stop loss (as well as trigger stop loss) STOP MARKET and OBSERVE ALL ASPECTS OF TRADING!
For those who do not know which position to open ... BTC/USDT
Hello dear friends.
In the previous idea:
"W-TOP WHERE THE PRICE WILL GO"
I described with accuracy from which zones it is worth buying and in what range to work.
Now I will describe in more detail:
FLAT range
19015-19305
In order to be even more specific, you can break it down along the extreme peaks (19300 - 19000),
and you need to be extremely careful, because at 2h TF, you MAY make a false breakdown of the level 19450-19500, and from there, lower the price lower. And I will say that this will be of higher priority than entering a long position.
Since we have a CME margin target area.
and 100% of this margin at around - 18250 BTC / $
You can only open a long position if the price breaks out on the impulse and fixes there, at 4h TF LEVEL - 19550.
Only then long position, to update 19950 - 20275 - 20500
Why did I open a short position from 19200 without waiting for the breakdown of the lower boundary of the channel.
Because for me there are many obvious facts that tell me about the decline.
And several people who trade with me wrote messages that from Karl "the moon"
It is about going up, and that many do not agree with me that we will fall.
Perhaps I am not a wang, but I only trade as the market tells me to.
I expect after December 16, a strong and impulsive price decline.
In the meantime, we are flat.
because we have new targets for CME
we have a big gap in price
18100-19150
We have a triple top (maybe not at these marks), but I hope so, and we have
large imbalance in the market.
Market maker levels - strong ranges: 19275-19430.
AND
18400-18275
XBT - BTCUSD turning bearish, -4 hours from day close
At the moment (UTC19:50ish) the market is fighting over the color of the day close. If it's a doji, better be green.
18500 was crossed and tested during the day, with no success.
Otherwise, chances are a double top is forming. Waiting for confirmation: the crossing of the neckline. If so, I might short all the way down to 16.5k, secured by stops at every attention level.
If the day closes green, we might continue with the uptrend in the triangle.
However, retracement might be healthy in order to keep the rally fueled and avoid a harder crash later on.
Long still open, but ready to reduce position and take profit at the next 18.5K test.