Sec will reject all etf bitcoin today.Today marks a critical point for Bitcoin, as the ETF is set to announce their decision on the Bitcoin ETF. There's a strong likelihood that the ETF will be rejected, a decision that could trigger a substantial market reaction. We're potentially looking at a significant price dump, where Bitcoin could plummet to the $3,000 to $1,000 range, and it might even go below $1,000.
This drastic decrease, however, presents a unique opportunity. For investors and traders looking to capitalize on market movements, this zone is poised to be an exceptionally lucrative buy zone. The potential for recovery and a surge to new highs is substantial, making it an ideal time for strategic investment decisions.
Keep a close eye on market trends and be ready to act as this scenario unfolds. Remember, market dynamics are unpredictable, and it's crucial to approach with caution and do thorough research before making any investment decisions. Stay updated and prepared for a significant shift in the Bitcoin market landscape.
Xbtshort
Anticipate Major Bitcoin SelloffOn the previous analysis we commented on how Bitcoin could make another high, however - the upside is limited. After rejection from the weekend and a recent break of structure to the downside - it is pretty much confirmed for lower movement in the Bitcoin price.
Look for solid zones to short from, as directionally - the downside is the most likely in this scenario. Especially with traders becoming overly optimistic. Pattern wise, this looks like an ending expanding wedge. Wave count wise this looks to be a very clear ABC to the upside with a wedging B wave.
RSI is also overbought with divergence. Buying is much more dangerous than selling at this point despite the recent uptrend.
SHORT IDEA FOR BITCOINCurrently we are at our "Take Profit Zone" between 46.500$ – 48.250$ from our previous "Buy the panic sells"-Long(28.500% – 29.000$).
We try shorting bitcoin arround: 47.000$ – 47.500$ with stop loss above 48.300$. Our first take profit will be 44.500$ and second profit target 41.600$. I will also add more longs at 41.600$~.
DON'T SLEEP: BTC will drop to 10500-9500 very soon!Short-term trading plan within the framework of description:
Buy now with stop loss at 11450 and take profit at 12300.
We continue our column about the nightmare fall in the price of bitcoin.
The price begins to subtly hint at the possible formation of the "Wedge" pattern in the 5th wave of the current impulse: in a more precise interpretation, this pattern is called the final diagonal wedge.
The final diagonal wedge is characterized by the presence of 3-wave patterns in both waves 1,3,5 and corrective waves of 2,4.
Of course, while there are no fully formed waves 3 and 4, it is too early to declare a similar situation with 100% probability.
However, nothing prevents us from making adjustments to our trading plans at any time :)
BITCOIN: Price CRASH is coming!Hello friends!
The dynamics of the growth of the BTC price is coming to its logical conclusion.
At the locally the triangle correction model has formed, which has been successfully implemented by price.
The price can reach the level of 12500, after which we expect a fast price decline in the impulse wave of the oldest correction model.
We recommend looking levels for a short sale and forgetting about continued growth in the medium term.
Good luck to all!
SHORT RESISTENCESI drawing short position resistance.
I create a Fibonacci and drawing down and upper trend line. I think Bitcoin will be rise but we know the bitcoin and the price of bitcoin most of time is not certain. Only I want to draw short resistances.
The alternative long position graph is here, you can look at this URL
BTCUSD / TD9 on weekly; waiting for 2h-12h TD9 confirmationsLooking forward in June I believe we will see at least 1-2 weeks (more likely 3 weeks) of red.
I'm looking for another lower TF confirmation to enter short here.
On weekly we have:
- lower HIGH (we did not break previous february 2020 high)
- TD9 confirming over the next 23h
- volume decreasing upward
- OBV going negative on most TFs
Trade setup:
looking for 2h-12h TD9 confirmation over the next 2-6 days to enter a short, below 10k
targets would be fib levels relative to (feb->march dump) ~ (march->may rally)
i think the lowest we would see is 0.5 fib retracement so lower than 5k i dont think is going to happen (i hope it doesnt)
my primary target would be high 6xxx or low 7xxx as bottom
what would invalidate this trade setup?
- making a higher-high (HH) above 10.6k closing on 12h or D plus lower TFs
- breaking above and holding 12h or D on the ATH down-trend-line
- another strong indicator would be closing the currently weekly candle (closing in ~22h) above. if we do that, i wont be looking for a short and will be staying out of any trade.
Price BTCUSD today (03.06.2020)Hello everybody!
The price of bitcoin continues to move according to our trading plans.
At the moment, we will expect a decline to the lower boundary of the channel. Perhaps a downward wave will makes in the form of a wedge model.
In general, we are bullish and currently 70% confident that Bitcoin will continue to rise above 14,000 in the near future.
Good luck to all!
BTCUSD / TD9 3hTD9 on the 3h counting down. ~2.5hr left. looks like a juicy SHORT.
ETH 30m TD9 just happened and is confirming candle, so could take another 2h to confirm, meanwhile the 1h and 4h candle are counting up to TD9 as well.
This one looks to be lining up better between btc/eth on td9 counts. Could be a nice dump to retest support at the least.
I am still expecting 9200-9300 CME gap fill if not more than that though so take these shorts while monitoring them closely, and I'd suggest closing them as soon as you get a 1h reversal candle on the way down. (Or even a 30m reversal candle to keep it tighter and safer).
We still are in bearish trend though, so its safer to short than long.
OBV is well under MA200 on 1h and up.
BTCUSD / YOLO Prediction (dont trade this)Just posting this for fun.
I'm looking at TD9 counts on 1h, 2h, 3h, 4h.
It looks like we have CME pumping to close gap again, which lines up perfectly with TD9 reversal count, which lines up perfectly with the 14k-10k longterm downtrend line (red dashed line), which lines up perfectly with 0.618 fibonaci.......
All of this lines up at around 9250-9350 range.
Which means we will have:
* 0.618 fib retracement (of the 15% dump candle from a few days ago)
* TD9 reversals on possibly 1h, 2h, 3h, 4h all together
* longterm downtrend line resistance
* general horizontal resistance (9200-9400 level)
* a shifted bearish trend on OBV/MA200 indicator
I think this spells a perfect toilet flush.
I am shorting from 9150 up to 9350 with tight SL in the 9400 area.
This is not trade advice, but I think this might be one of the biggest trades of the season, and we'll be heading to 7.7k
I do not think CME can close their gap all the way up to 9800 or 9880 or whever it is.
I think theyll have to be satisfied closing some of it now and leaving the rest for later.
All signals still very bearish!
My trade setup is in the chart.
Bitcoin: Local short saleIn the continuation of the decline, it is worth considering bitcoin sales from a key resistance level.
At the end of impulse wave 5, it is worth planning to exit short sales and make purchases.
For a better understanding of the situation on the market, it is worth turning to the previous idea, where I explained the situation on a longer temporary time frame.
Shakeout before breakout BTC idea?Would love if we get something like this. Shakeout longs, retest trendline breakout + a few major MA's around 7.9k, and shoot up right before the halving. May or may not happen, just an idea that would make the most sense and would certainly be the most painful one. Going up from here seems too "easy" money to me.
BTC intraday short opportunityPrice moved upwards as predicted in the previous idea. We are now consolidating under one of the major trend-lines, where breakout usually occurs on the 3rd TL touch, which leads me to believe we are up for more complexity to form some bullish pattern against the main TL, I'd bet on WXY running flat to sweep the lows first, therefore shorting the 2nd touch (if we get there) with a very tight SL above the high could be the play of the day.
#Update 19.04.2020 BTCUSD continue downtrend.#Update ideas on Bitcoin dated April 07 .
From 7450, Bitcoin began to slide down. In 7 days was formed some kind of five-wave structure with multiple overlapping. I marked it as leading diagonal triangle in the first wave, after that printed zigzag in (2) wave.
Also is likely the scenario as on ETHUSD, where a triple zigzag complicated the correction. Instead of leading diagonal triangle, was formed a double zigzag in wave (X). With such a development of events, growth in the region of 7700-8000 by a wave (Z) is still possible.
In any case, the entire growth from mid-March is correction after which, with a high degree of probability, the price of Bitcoin will continue to downtrend. I expect falling to the area of 3400-4400 in the wave (c) of (Y) of (B).
☘️ Good luck!
Thanks for your 👍 fingers under the idea.
BTCUSD - Risk local decline (19.04.2020)Hello friends.
Once again, we made adjustments to the overall picture of the price movement (given the upcoming of Bitcoin Halving).
Locally high probability of a sharp decline in prices to the level of 6000.
In general, in the next month we should not expect a decrease in prices below 6000.
With good buying support and strong media support, the rapid rise in price of Bitcoin may begin.
Otherwise, the range of 7000-6000 will be key for the next 2 months, after which we should expect a decrease to 5000.
Good luck to all!
XBTUSD | Bitcoin safe entries for BitMEX 10 000 BTC has just been purchased at Binance exchange. Such entry pumped the BitMEX price index. The price went down sharply afterwards confirming a fake pump scheme
What does it mean?
Someone hunts for short positions' stop losses, this is a dirty manipulative pump and down scheme. Whales practice such strategy to liquidate majority of market players with a "correct" forecast to earn profit and set a better position before market naturally moves. They have more information about the market and thus they know direction of further price action far before it happens
The situation looks like we will have a sharp decrease soon. The forecast is enhanced by technical analysis. Although many trusted indicators are bullish now, they could have been affected by recent pump. The more important is trend analysis at this time.
We see the triangle has not been finished and currently we have a fake breakthrough after a fake pump. Lets wait till the price pumps with another spike and take short position. The safest entry points are drawn at the chart
Support us with likes and comments lets move this idea to the top so more people will be warned about the situation
Best regards,
SkyRock Signals team
XBTUSD: We're back to the range Sooo, and we're back to 6800-7000 range again.
Does Bitcoin have enough energy to reach the range high?
Scalp short from $6950 with tight stop looks like a good trade from the current perspective.
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Information is just for educational purposes, never financial advice. Always do your own research.