BTCUSDSHORTS trade ideas
another bearish BTC prediction based on R.Wyckoff distribution PSY—preliminary supply, where large interests begin to unload shares in quantity after a pronounced up-move. Volume expands and price spread widens, signaling that a change in trend may be approaching.
BC—buying climax, during which there are often marked increases in volume and price spread. The force of buying reaches a climax, with heavy or urgent buying by the public being filled by professional interests at prices near a top. A BC often coincides with a great earnings report or other good news, since the large operators require huge demand from the public to sell their shares without depressing the stock price.
AR—automatic reaction. With intense buying substantially diminished after the BC and heavy supply continuing, an AR takes place. The low of this selloff helps define the lower boundary of the distribution TR.
ST—secondary test, in which price revisits the area of the BC to test the demand/supply balance at these price levels. For a top to be confirmed, supply must outweigh demand; volume and spread should thus decrease as price approaches the resistance area of the BC. An ST may take the form of an upthrust (UT), in which price moves above the resistance represented by the BC and possibly other STs before quickly reversing to close below resistance. After a UT, price often tests the lower boundary of the TR.
SOW—sign of weakness, observable as a down-move to (or slightly past) the lower boundary of the TR, usually occurring on increased spread and volume. The AR and the initial SOW(s) indicate a change of character in the price action of the stock: supply is now dominant.
LPSY—last point of supply. After testing support on a SOW, a feeble rally on narrow spread shows that the market is having considerable difficulty advancing. This inability to rally may be due to weak demand, substantial supply or both. LPSYs represent exhaustion of demand and the last waves of large operators’ distribution before markdown begins in earnest.
UTAD—upthrust after distribution. A UTAD is the distributional counterpart to the spring and terminal shakeout in the accumulation TR. It occurs in the latter stages of the TR and provides a definitive test of new demand after a breakout above TR resistance. Analogous to springs and shakeouts, a UTAD is not a required structural element: CR - school.stockcharts.com
Bitcoin continues to bear marketHi, good day. Digital currency markets are still involved in corrective patterns. Note that an upward or downward trend is formed from a corrective trend, but you have to wait and see what action the market will take, which depends on investors' emotions, etc. And it bears the target of the market with the structure that it has presented until today, the bear market will continue (good luck and follow the market patiently).
BTC returned to the parallel channelBitcoin XBT has returned back to the parallel ascending channel. MACD and RSI are supporting this downtrend.
Trading zones to watch is: the middle of the channel at 21.7k and the channel's low line at 20k.
Considering recent bearish news it is most likely we are going to 20k again.
Just some observationBuy btc after a dump and make a lot of money lol. Thats how you make money in btc
IS this what it will do? LRAP linesyeah i did a thing, lets see what happens... I gotta write more so I guess this is what you read...
up longbuy above 25520 which is good time to invest for long vide and make sl at same price for long term view ,,
if 17380 is break then short postion is good option as 17380 looking good support
The BTC longs bubble.BTC longs have went parabolic while BTC has been dropping through 2022.
The longs chart is now starting to resemble something like a bubble chart. Just for fun, and as an experiment, here's a forecast of what it would look like if BTC longs were to continue to make a bubble like chart and complete in at the typical reversal areas of at (Or somewhere just over) the 423 fib.
To draw the fibs here we're using a method similar to the ones that picked out the current high in SPX drawing fibs from the previous big range (2000 - 2008 crashes).
BTCUSD Longs....Is anyone talking about the amount of long interest there is on BTC at the moment?
What should we make of this?
bottom is in1. sitting on 2017 top
2. 2020 break out
3. confluence zone
4. money flow curling
5. bullish divs
6. high tf look good
7. over sold
8. 12 hr build up looks crazy, money flow about to pop
BTC 2022 OOFThe market cap has been lower the 1B again
this show how much the market is scared and very dangerous at the moment.
Nothing is stable but anything can turn off the tables and make a miracle for a short while !
Look with me very carefully the chart I've made and you can work with it what is left this year.
Never go leverage and trade what you can afforded to lose and hold.
we can gain very big profits after the heeling and strong hands can get big after time!
GL !
This my last update for BTC until something happens
Some larp lines on XBT. Will it follow?Just some larp lines based on stoch direction and RSI div.
Will they play out?! Let's find out!
A review of the post published 2 days ago..!I published this 2 days ago when bitcoin was above 21600.(it was not a public post)
the trade stop loss is updated to entry for a risk-free trade!
Best,
BTC SHORTS: a tool to approximate BTC key levels & directionBTC shorts shows that it has approximately 63% more to drop to key support. That may take BTC at least to the 28-33k level from current 20/21k before the shorts bring in a bigger correction sometime in August2022.
I do this as a hobby & not for trading advice.
BTCDouble Top Patterns
Support - Resisdance
Global risks is increasing
If I take a short position, I've to be stop at 23500
BTCUSD.. A Slow MarketIt is extremely necessary to understand that within the financial markets there is No ETA.
This means price can take however long it needs or wants. Market sentiment can be a GRADUAL process. It changes over time as fundamental economic aspects change and so do news events.
Guessing 'When' is not a good idea. Just diversify your portfolio and Trading Size accordingly.
Always Trade HVA's Lightly.
we go furthercontinuation of the previous movement.
When the level was reached and punctured, the buyer's reaction was not visible, which indicates that there will be a continuation of the downward movement.
The next zone of the buyer will be the range of $12'000-14'000.
On the weekly chart, the "head and shoulders" pattern is being worked out.
Fundamentally, the market is also still weak: there is no liquidity inflow and risk appetite.
Possible short on $BTCUSD with a re-test in 17KOn short term, I'm expecting a downtrend of the BTC. On 1D chart, we can see a clear bearish movements.
On 1h chart, I'm expecting a downtrend of the world leading crypto with a possible re-test in the area 17.500.
$BTC - Is a Double Bottom coming ?Is a Double Bottom coming in for #Bitcoin at 17K level ?
Or will Macro conditions push it away even further to the downside in terms of percentages from ATH on this Bear Market Bottom?
What's your speculative price target for this bear market bottom ?
It may happen that #Bitcoin's negative price action for now is just a retesting time-phase for the broken megaphone pattern, otherwise this is the start of downfall from a fake out occuring last week(friday+weekend)
Stay away from Longing ALTS for the short term as nothing is clear for now!
#BTC.D is increasing as well, however coming under a lot of resistances after continuously falling for days in a row
TRADE SAFE!
Note that this is not financial advise !
Please do your own reasearch before partaking on any trading activities based soly on this idea.
There is no fun time when markets are falling, especillay when Macro is on a terrible state
btcusdt bottom scenariosince market is getting comfortable thinking the last local bottom was IT, chop, chop, chop, take comfortably below the last lows, make everyone freak out, back in the 18-20k range, range for a couple of months then violent move into the 30s resistance.
Bitcoin update for bear marketwe are pretty neutral on BTC, we can range between 18k-25k
any break of this range will lead to huge crush to 14k-16k or breakout back up to 28k
CCC.io update
Bitcoin BottomBitcoin bottom is either already in or coming very soon and won't go down much further than 17k. BTC volatility index is very good at calling either the exact or general area of tops and bottoms. In my opinion, 64k BTC of April 2021 was the cycle top, not the Nov 2021 68k top, which is the price top and more likely an overextended correction. I believe this detail is throwing people off.
