XBT trade ideas
Bitcoin Trade Setup - Swing Trading Shorting OpportunityBitcoin 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 get any rejection at this key area of value, then you're good to go for short.
Follow me, to get the future prediction.
Difference Between Views..! Acceptance matters..!Beginners look at a single big green candle and hope for reversal..!
Pros look at the trend and trade the most probable scenario..!
compare these two scenarios:
if you did short bitcoin with a 10% stop loss every single day in the past 56 days what would be the outcome?
if you bought bitcoin dips in the past 56 days what would be the color of your portfolio now???
look at your portfolio, it represents your trend recognition ability..!
Do not Forget I have 35 Long analyses on bitcoin between September 2020 and April 2021.
I published more than 25 Short analyses on Bitcoin between April 2021 and today.
September: My first buy analysis
April: My first short analysis:
Being a Professional analyst means :
Updating your views constantly based on the new data market provides to you..!
Big Finex Short Whale SellerIn a few Days from 1000BTC Short to 18000BTC Short... means 17000 new Shorts... last Time this happend ca -61% correction happend so this chart shows similar target, High from Jun 2019.
+SHS Pattern with Target 20.000$-23.000$
Strong and Short.
Inflation data tomorrow: Cup and handle BTCCup and handle formed and completed handle breakout. According to this cup around 40-41k completion.
Never marry an idea, always be willing to change. Things change in an INSTANT.
US Inflation data tomorrow @ 6:30 ET!
BTC 25K? MASSIVE bearish movement? You DON'T wan't to miss this!It seems that the increase of short positions have stopped. When the short positions were opened on may 17, a day later bitcoin dropped from 43k to 30k. This time, there are even more shorts, and the increase is even steeper.
I wouldn't be surprised if Bitcoin will go down by a lot about a day after I publish this, same as on may 17. Personally, I also wouldn't be surprised if Bitcoin goes to 25k.
Seriously? Short accumulation on BTC??Do you remember our analysis from 1.May? You should check it. We predicted bitcoin dump.
See a charts of short position. Do you really think that bitcoin will go down and most of traders who have shorts now will be rich?
Only 10% of people are longterm successful in trading. If you want to be successful too you should do what 90% people don't.
This chart shows opening shorts on bitfinex. But if you want to earn money on short somebody should sell and price should go down.
But if you have stoploss on your position then stoploss mean you will buy higher and of course price will go up.
Very soon can come short squezze and bitcoin can start new bull rally.
LONG VS SHORTS (BEAR MARKET COMING?)Shorts positions are increasing in the last 3 days, are we going down?
It is time to review..! Quality matters..!20 days ago when Bitcoin was between 39-40k based on a prospective modeling I said there will be death cross in the June,
My predicted date was June 21, 2021!
Compare the quality of my works with Eagle eyes chart watchers ..!
Link to original post:
Many people called me stupid, scammer, ...etc, but at least I know I started this to help others!
I know I had mistakes but review my works and judge yourself..!
Today I noticed Bloomberg has published an article talking about death cross ..!
www.bloomberg.com ]url=https://www.bloomberg.com/news/articles/2021-06-08/bitcoin-barrels-into-death-cross-as-chartist-backdrop-darkens?utm_content=business&utm_source=facebook&cmpid=socialflow-facebook-business&utm_campaign=socialflow-organic&utm_medium=social&fbclid=IwAR3OaINz2ULNodID4_k3Zgyncx5KL5CFM5tuVAaOTPDfEL8-p9HoYpceBFI]https://www.bloomberg.com/news/articles/2021-06-08/bitcoin-barrels-into-death-cross-as-chartist-backdrop-darkens?utm_content=business&utm_source=facebook&cmpid=socialflow-facebook-business&utm_campaign=socialflow-organic&utm_medium=social&fbclid=IwAR3OaINz2ULNodID4_k3Zgyncx5KL5CFM5tuVAaOTPDfEL8-p9HoYpceBFI
If you think Bitcoin is a decentralized currency read this..!The more I study the repetitive patterns in bitcoin, the more I become confident that these price patterns are unusual.
If you look at the percentage you see small numbers but if you look at the money equivalent these numbers are so big that could not be the result of someone's tweets.
Another interesting pattern timing!
Since bitcoin is tradable 24/7 it must have a smoother price pattern than stocks.
1- in 3 out of 4 major drops in the past 3 months, you see a triple-star Doji just before or at the beginning of the crashes!
2- in 3 out of 4 major drops in the past 3 months, you see crashes started at 5 o'clock ( 2 at 5 p.m, one at 5 a.m). (This will be different for the time zone you are living in)
3- in all major crashes, it happened in a 3-4 hours time frame.
This kind of behavior is not usual in a highly decentralized stable asset..!
The biggest winners are always those who notice the changes in the early stages..!
BTC Short squeeze possible? Btc looks enormously bearish, as this could be another leg down it could also be a giant bear trap liquidation hunt to the upside. Alerts set, stay chill today folks :)
Any time the RSI has been @ this level on the BTCUSDSHORTS chart we have had a large move to the upside. Will the trend break? The trend is your friend until the end.
Back test it yourself.
6/7 BTCUSDSHORTS BITFINEXAmount of BTC shorted on BITFINEX up ~440% over the weekend..
Cause for concern..?
BTCUSDT shorts positionOn btcusdt shorts chart there is 19% spike spoted get ready for hug drop again 😎
Thanks me later
Huge spike in BTCUSD SHORTS!There's a huge spike in BTC/USD Shorts exceeding 200% on the daily and can be seen clearly on the 4H chart. This is a very strong indication of a coming dump in BTC/USD chart that could be triggered in a better of few hours or a matter of three days max.
What one could do in such scenario is:
1) Place tight SL for Alts
2) Place bids for BTC
Bitcoin War of June, which way will it go?It's been an absolute war between the bulls and bears. Bulls steamrolled the bears earlier to across 37.5k but the bears keep relentlessly pushing it down. My take? 60-40 the bears win by the end of this week, most likely in the next few days. -- not fin advice.
