BTCUSDSHORTS trade ideas
Yea call me CRaZy - BTC BIG DUMP - Nobody expects this!Bearish Divergence is showing weakness in the market on 4h Chart. This is even more evident on the 1h and 2h charts. Rising Wedge broke downward and now forming an additional extended bearish continuation pattern - a horizontal channel. I keep shorting these small pumps. Strong resistence and Whales got the Bulls trapped who believe we will moon. But I believe bear market is still live and well for one more big leg down.
BTC/USD CAUTIONHello fellow traders,
just wanted to share while the momentum has shifted prices higher for some time now.
The RSI however is showing that the positive price action is running out of steam. In my opinion, I suspect a pullback to 20K (roughly) to confirm as support.
Weekly charts more or less convince us the Bull cycle has started (weekly macd cross, monthly stochostic cross) This is just stating nothing parabolic will likely happen anytime soon, but if anything a healthy stage for the market to prepare for the next bull cycle.
Market bull has been started. now everyone is so confidentWait for Bearish Candlesticks signal then enter the trade.
Bulls:
1. Resistance broken
2. Lower high broken
Bears:
1. LHLL
2. Trendline resistance
3. Fib Resistance 0.236
4. Last time fall after 43% gain, Now again at 43% gain
5. Time cycle of 60 days rise is completed
6. Overbought on RSI
7. RSI Divergence on 4 Hour TF
im long up until 28k.Can we make it to the next fib level? I have no idea, im no nostradamus. I'm an ignoramus, outrageous just trying not to get liquidated. We are however, not adding new leverage, in fact we are using the recent volume in defi to pay down our leverage. Liquidation number currently $13,000. Remember it is a huge pain in the ass to trim your leverage when the market is panicking. Going to 28k is a good number for us but we are going to take some action if we reach 24k to convert some BTC into USDC in case there is some downside that we can trim leverage with.
Bullish Capitulation A big bull who’s been holding for months sold all his crypto
He uses E.W.T and he thinks dollar ‘has to bounce’
Profit is profit and he’s a better trader than me
But this time I think he’s wrong
He’s expecting 24kish btc then a pullback to 20 or below
I don’t see a pullback till 30s
GRI 2023
NOT TARDING ADVICE
Short BTCWait for Bearish Candlesticks signal then enter the trade.
Bulls:
1. Resistance broken
2. Lower high broken
Bears:
1. LHLL
2. Trendline resistance
3. Fib Resistance 0.236
4. Last time fall after 43% gain, Now again at 43% gain
5. Time cycle of 60 days rise is completed
6. Overbought on RSI
7. RSI Divergence on 4 Hour TF
Long Bitcoin from this levelclearly breakout seen in bitcoin for EMA61, now we can c some upside from this level next emmidiate target will be 18000. which is 500 points up from this level.if this sustain and us market gives some positive signal from their market then definately bitcoin can rise towards 21000+ level.. My long term target will be in bitcoin 27000+ till june 2023, my long term stol loss will be 15500,,,we can see bitcoin around 24500-25000.
WARNING BTC HEAD AND SHOULDERS HI CAPTAIN OBVIOUS HERE
WARNING BTC IS PRINTING THE HEAD AND SHOULDERS TOP PATTERN
RSI overbought on daily and overbought on 30 min and others, has checked resistance and rejected...
it might go up still but it is currently in a trend reversal move, people are taking profits from the last long..
and we will collapse further
dont get liquidated
dont lose your money
think straight put a nice stop loss, and you might enjoy about 10 percent move down that you can profit from
i already got in at 21128
good luck everyone
🅱️ (₿) XBT Ultra-Bullish ConsolidationI don't what people keep saying but we focus on the charts, we read the charts and get all the information from the charts.
One can guess and say things are this or that based on assumptions but the charts make no assumptions... Here is what XBT is saying on the daily timeframe.
Straight up!
We have a very strong RSI, ultra-strong.
After the initial break that ended 14-Jan., we see no signs of a retrace instead a very strong bullish consolidation.
Slowly bitcoin continues pushing higher, more likely waiting for all the bears to short so that they can be squeezed again.
There is resistance though, for certain, at $21,488.
If this level can be conquered bitcoin can go straight ahead.
If XBT fails to break above this level, we still remain 600% bullish all the way through late March.
We will see how it goes.
In the case that it drops suddenly, as the market tends/likes to surprise, we are super safe for a higher low.
See the two arrows:
1- blue straight up.
2- black small retrace then back up.
Namaste.
BTC short squeeze looks about complete.I think we maybe have another 1K or so to go in the BTC rally. I am not short here but I plan to short somewhere around 23K with a stop loss on 25K.
Was too impatient with my longs and missed the move here, but I think we're getting into the end of the short squeeze mentioned previously.