Xbtusdshort
BTC is Making Correction of 4th Wave ab big Dump BTC is in correction after Dump now BTC is in way of D wave of Bearish rising Rectangle it is about to complete C wave of D wave. Next Stop looking 5100-5400 and then it will start its E wave toward 7.2k then we will see another drop toward new low.but if it break 5.1k then we will see farther drop.
XBTUSD: On Resistance $6400, Scalp shortXBTUSD pumped by 15% on the daily and is on resistance.
Looks strong:
* volumes are growing
* tether Mints $180M New USDT For ‘Inventory Replenishment’
* decoupled from S&P500 which SPCFD:SPX only +0.47%
But I'm short from ~$6224 with tight stop - targeting $5900 - $5700 as support. Because we're on the resistance and I don't think that we will break it with the first try
Information is just for educational purposes, never financial advice. Always do your own research.
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Bitcoin retest of 3k Level?
Bitcoin potential retest of 3k level to form a bullish pattern which is an inverse head and shoulder, if Descending triangle playout target for SHORT around 3500-3300 region to form ahead of a hudge inverse head and shoulder pattern. Bitcoin still in a downward channel which is very likely more in favor of the bear's.
BITCOIN BTC BEST Entry Before HALVING CME Gap Head And Shoulder!Bitcoin is setting up for a bullish CME Gap Fill at $7,600 before the May 2020 halving. A perfect textbook Head & Shoulder pattern has formed on the daily which indicates short term bearish pressure. If we do not break above $9,175 then we will most likely complete the break down below the shoulder neckline to a possible target of $7,600. The only way this can be invalidated is by breaking above the left shoulder at $9,175 which has already failed during the weekend.
Lately, BTC/USD has correlated highly with the S&P500 so depending on how equity markets open on Monday and perform during this week will we know how BTC will react. We saw a strong rejection above $9,180 on Saturday validating the head and shoulder pattern.
Key levels to watch here are a push above $9,300 (50D MA) which will surely invalidate the head and shoulder (however remember this already failed over the weekend but equity markets open on Monday which can change BTC's direction due to high crypto manipulation during the weekend.)
If we continue down we will watch for the 200D MA support at $8,730 to hold and then the final support of the 50W MA and 100D MA which will be around $8,250. Anything below would indicate bears are in control so longs should be closed and reopened around $7,600 where we have strong ascending support which has taken us above $10,000 in the last two touches.
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Previous Analysis:
BITSTAMP:BTCUSD
$BTC #BTC $XBT #XBT Update 4 Hrs by Stivee ( Crypto Hero )$BTC $XBT #XBT #BTC Update 4 Hrs Chart
- In the above BTC Failed to hold 9000 Usd $ and come below from it
- If It holds this position and able to cross above 9050 $ USD Zone will make everything bullish
- If it not be able to hold this zone will again come back to the Strong Magnetic Support zone level ar around 8400$ - 8500$
Keep eyes on it
Regards
Stivee ( Crypto Hero )
XBTUSD, what you see is what you get, or do you?Good morning traders and welcome to my next analysis.
We have quite an interesting situation, with the bulls and bears going head to head in an even competition
BTC has been operating in a tight range for the last 5 days with some sort of accumulation and multiple attempts at clearing the 8,900.
Another attempt to break 8,900 started today and while we see a candle through the resistance, we await for confirmation
2 scenarios:
1) Bullish scenario
Wait for confirmation of 4H over 8,900
Inverse H&S pattern forming
Strong momentum in the last 5 hours with bulls weathering the dump by bears
Conversion line (blue) has crossed the Base line (brown) in the 1H implying a potential upward movement with good support by the Kumo below
You can go long once confirmation of holding 8,900 is there (be aware of a fakeout!!!)
Targets at 9200/9472/9613
SL: Tight at 8,660
2 ) Bearish scenario
BTC is also forming a double top on the 1H
If fails to clear and hold 8,900, the double top will come in to play and we can open a short position
Key target in case short plays out is at 8,520 where we see the next PA to determine our course of action
On the 4H we still have a red Kumo as resistance, which BTC has to penetrate to confirm reversal.
Rejection of Kumo will be confirmation of short position
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This is not financial advise but merely a representation of what can potentially play out.
Leveraged position can be risky and should be restricted to the max amount you are willing to lose.
Safe trading and good luck!
BITCOIN CRYPTO Approaching Short A LongBuyLongSellIndicator AnaCheck this out! ₿
Bitcoin market is approaching a short as the price could not make out of on top to the channel.
Have a close look at this price Trend of each Zone (BUY ,SELL) which was real time plotted by LongBuyLongSellIndicator .
In the current situation the last three candle is week one candle top wick is high (Long Wick on the top) ,this is s a sign of price to go down.
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BTC TODAY (Waves) 21.02.2020Hello friends!
On the one hand, the price correction could already end and at the current moment we can expect continued growth in the price of bitcoin.
On the other hand, the correction may be delayed, and purchases in the current conditions will turn out to be false over time.
The key resistance level is located at 10300.
The key support range is 8800-8300.
Good luck to all!
Short the corn, as they sayLooking like a ripe shorting opportunity, though expecting a short pump before it dumps
Reasons:
- Trendline not definitely broken - could be a fakeout from the bottom of the trendline
- RSI around 38, which is still bear territory
- Declining open interest (over $1 bn yesterday vs 938 mn now)
- Consistently failing to break, close and retest 9600 mark
- EMA50 flipped from support to resistance
- Lower low and lower high
Open Short: 9650-9900 - staggered
T1: 9471
T2: 9240
T3: 8890
SL: 10293
ridethepig | $16,000 In Play For BTC !!!As expected... an interesting day for BTC and other major Cryptos with risk under pressure once more from the latest Apple announcements. There is little to update on the fundamental side, with BTCUSD finding support at $9,500 as expected. Risk is likely to remain under pressure today so buying dips is and remains the strategy. A break of $10,000 will likely see further upside towards the $13,000 initial swing target as stops and momentum buying kicks in.
For those following the BTC swing from $6,600 it has been a very easy ride:
You will notice how the advance was clean as troops were marched towards the border:
Destroying the defence ...like a knife through hot butter:
CME Launch was superb news for BTC... we made it in the big leagues:
The question then became centred around seizing the breakout...
Before transferring the attack from a simple retrace towards an impulsive nature:
You will notice the momentum kicking in now, all dips will attract significantly more demand interest. Those in from the lows its time to sit back with a huge grin on your face. This has been a clean and simple ride with a flawless example of trading a +60% move...
I hope it has helped... Thanks guys.
ridethepig | XBT Market Commentary 2020.02.13A quick short-term update here with another storm of risk coming our way for the weekend. This time it will damage the late crypto buyers with a correction. We have already had intense orders and impressive sizings seen in Tokyo and before the NY open.
A real risk of a healthy pullback as that ridge of high pressure from Coronavirus spillover effects enter into play once more. In any case this will be a buying opportunity and we will update the short-term flows as we go if there is enough interest.
In any case a good opportunity to take some longs off the table and those sharp enough can ride the profit taking in a -5% leg cooking to the downside. As usual thanks for keeping the support coming with likes, comments and etc!
LONG TERM is SUPER BULLY! However, in the short term....I'll keep this simple and to the point..
Long Term BTC, hands down im Bullish all the way!
However, Currently... at this moment all I see us in is just a B wave in the ABC Correction. For those experienced traders you should know that the true C wave is always Blood on the street and I haven't seen that since the drop to $3500 which was part of the $20k Run.
The run we had last June to 15k was the 1st of 5 waves in the new trend which should run well into 2021 imo. Currently we're correcting that finishing up the B wave and preparing for the Nasty C.
I could be way off with my analysis but this is what I see... This is just my humble opinion. If Im correct, a good buy-in would be somewhere between $5500-$6500 and short all the way down.
Bitcoin DOUBLE TOP Rejection? Bearish
Bitcoin rejected at 10475-10537.5 region we have a double top rejection which is a bearish sign,
potential dump to support area at 10013.5 region to retest trendline support Let's see if bitcoin can hold our first minor support area at 10093.
if bitcoin will not breaking trend-line support between 10093-9916 bullish channel still valid but once bitcoin did not hold our support potential change the trend to a downward channel.
BITCOIN (BTC) Long-term | Cheaper for more adoption? | JAN 2020We see that Bitcoin is currently living inside a downside channel. Creating Lower Highs and Lower Lows.
We are expecting the bitcoin to continue dropping in value, as Stocks and equities continue to soar and institutional money is surely not leaving the stocks market anytime soon.
Let's see how Long-term forecast will play out...