On 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...
The upside for bitcoin looks to be running out of steam. With a strong divergence on RSI and a wave count that favors downside impulsive move, it looks as though bitcoin - at least for today will see lower pricing. If the immediate swing low doesn't hold, we could likely assumed a wxyxz pattern will not hold and that these are all impulsive waves to the downside;...
Bitcoin just reached to 200 daily moving average and also the D point of multiple harmonic patterns ! In these prices we see lots of long analysis after the moving average is violated , but I think this is a good place to take a small short position and reduce a little bit of other open long positions that I have , such as Hbar or Doge , see the analysis in...
Noticing slight bearish divergence on the 1 hour chart. Taking some profits on my open positions and opening a small short position. Divergence alone is not enough to dictate the next movement however I feel a slight pullback is imminent. No Targets in place at this time.
I see strong signals both on daily and weekly graph of bitcoin. Profit targets: 51200 48800 44000 stoploss: 69100 Have a nice day, Berk.
For the past 4 months we have been trading inside this ascending channel and broken out of it twice, once in October and November for our most recent ATH . Since then we have fallen back inside the channel and have tested our 58k region with a move to the downside . I would like to see 58400 level lost and see a move down to 55k eventually which will put...
enter 43150 1target:34150 2target:30300 stop loss:44150 good luck
Will this strategy be possible? I'm maintaining a short position at 52500 and will clean up if my position comes back. If there is a trader who has not yet entered, 50400 wants to recommend selling.
BINANCE:BTCUSDT Seems to have broken a wedge downwards during this weekend, and is doing a re-test of the broken support line. I believe we will see at least 49,100$, the most we will see before a rise, which might make it bullish, is probably 48,800$ - 47,000$
Although it has a trend and a support level and has dealt with it, the price could not beat the candle well, so I expect a small correction As shown in the chart, after reacting to the support and registration of HL, you can think of buying
GOOD LUCK~~!! XBTUSD SHORT ~~ It's just my hope and I don't know how it's going to go. I'm betting on a shot.
Bitcoin Trade Setup - Swing Trading Shorting Opportunity Bitcoin looks weak but that doesn't mean you short it right now. It is forming a triangle pattern and so let it breaks the downside. You can short Bitcoin once it breaks the red supporting zone. If you're a conservative trader, then wait for a break from the red zone and retest the red zone again. If you...
Bitcoin fell out from the rising wedge and is now in a ABC bear flag correction phase targeting the 21 weekly Moving Average which also correlates with the 0.382 Fibonacci from the greater move Corona crash till ATH). The B would also fill the CME gap and if you draw a Fibonacci extension from ATH to A the Golden pocket marks the CME gap perfectly. all this...
Intraday scalp on the bearish side, will stay BE if price goes to 56400 and decide do bounce I expect price to go near 51k level before it continue his uptrend
Hello. My short idea for XBTUSD. (Bitcoin Perpetual Inverse Swap Contracts) All parameters on the chart. Important : Position size = % 1 Leverage = 8x Regards.
Bitcoin seems weak may trade to lower level as shown in figure Disclaimer : for educational purpose only