Double top on btc shortsDouble tops or "M"s usually mean dumpy times. If this is the case for btc shorts, it could indicate that btc will pump from liquidating the shorts. Or pump *to* liquidate the shorts. Just a thought.
XBT30M trade ideas
BTCUSDTIf we look at the Bitcoin chart with the closing price, we see such an Elliott pattern. The price appears to be at the end of wave 2 or B (in a triangle pattern). If this pattern is approved then I expect the price to reach around $ 50,000. Of course at least!!!
Short Squeeze Gaps?We go back to gaps + a lot of shorts coming in.
Looking back in the charts whenever a lot of shorts come in the market maker usually tries to reverse price to liquidate them, just a thought.
BTC SHORTSLarger investors on Bitfinex have accumulated a huge short. Short positions increased by 296%.
Major Events Next Week:
- Fed´s decision on interest rates
- El Salvador to issue 1 billion dollar Bitcoin bond.
BitcoinBitcoin on daily time frame is at a really important support, looks we have a bounce from here
BitcoinBitcoin looks has some bullish divergence on MACD and already broke out of the resistance line , then we have some upside movement in my opinion
Good Zone to Short BitcoinEntry: 43500-45000
Stop loss: 46000
Reward/Risk: 4
Target range: 34000-3500
Time Frame: 2-4 wks
Possible gain: 20%
Possible loss:5 %
Position size: 5% of trading capital
You can see the most important support(green line) and resistance (red line) levels.
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
BTC ranging on the daily chart - Looking for 2 major levelsBitcoin is ranging on the daily and I'm looking at 2 major levels to break. I have stop buys above upper red and stop sells below lower red for longer term plays.
Bitcoin/UsdIn my opinion this is the main channel-levels to consider buying or selling, Not a financial advice.
Bitcoin looking for 33K retestCurrently #bitcoin is building a giant weekly PA range of ~$12,000.
Weekly candle looks awful with price action at the bottom of it. 33K retest looks much more probably then 45K at this point.
I have stop sells below red & stop buys above upper red.
Stay safe $btc family.
Bitcoin Short - Daily chartBitcoin looks as if it will continued to push down. AO vs PA divergence and about to break through the retest of support. Coupled with AO turning black on the daily. Nasdaq & Bitcoin are attached at the hip.
$BTCUSDT UPDATE!!!Hi Traders,
Please refer to the recording to an overview of the most recent price action in crypto! We discuss next price levels and scenarios.
Thanks
MS
Wall Street Bets attacked Russian market..!Bitcoin could get rejected soon..!
I believe the recent surge in crypto could be because of Russians converting their Russian Ruble to crypto ..!
The U.S. Treasury Department’s sanctions cop, the Office of Foreign Assets Control, will likely go after crypto exchanges and other digital currency platforms that violate bans against transactions with blacklisted Russian banks such as the country’s two largest, VTB and Sberbank.
(WSJ)
Russian Ruble:
Moreover,
VanEck Russia ETF (RSX®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS®Russia Index (MVRSXTR), which includes publicly traded companies that are incorporated in Russia or that are incorporated outside of Russia but has at least 50% of their revenues/related assets in Russia.
RSX is under attack by WallStreetBets Apes, they push RSX to its historical low..!
Someone's calculations were 100% wrong, in the battlefield and other fields..!
War is the unfolding of miscalculations. (Barbara Tuchman)
Reference article:
www.wsj.com
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Btc Long positionsit seems bitcoin is just accumulating regardless of daily price volatility,
long positions is keep increasing and $32k is currently acting as a big support
for bitcoin daily range, lets see soon how price will go,
right now im looking at bitcoin $50k - $51k as a major resistance, minor resistance
is around $40k - $41k if we cross above this levels were going to see bitcoin
as a new hedge in inflations were both gold and bitcoin will just go high on the same
trend.
Bitcoin support levels Bitcoin is virtually unpredictable at this point. In order to benefit from crypto you have to be prepared for downside movement. let the trades come to you and buy the dips. When there is max FEAR in the markets that is opportunity. Once you buy and we relief bounce let the FOMO retailers buy on top of your bags and then dumb on them!
bitcoin bulls spoke too soon?i dont think we're nearly done with this bear cycle. This bearish PA has fooled a lot of bulls because of the perceived change in market structure. I think this is a second bull trap before the real dump. Seems like there was quite a bit of liquidity hunting in this range. I expect a resumption to the downside soon,
BTC primary countFollowing the price action since my last post on the macro outlook ( ), this is now my primary count. Currently waiting for a minor abc up which will be the B wave of a final abc down. This would be a macro 5,3,3 wave four correction. Doesn't mean to say that the other counts I had laid out can't happen. I'm simply putting more weight on this specific count. The recent price action has been and is far too choppy and frantic for a bullish impulsive wave, in my opinion.
BTC BTC will continue to increase. However, it is necessary to wait for a correction to have a beautiful entry.
BUY around 36,000
Stop level Buy: 34338.
SHORT Bitcoin Shorts!!! = Head and Shoulder Bitcoin Shorts!King Bitcoin has bottomed at $56K it seems! Head and Shoulders on Bitcoin Bears! Ready for the Internet Currency Short Squeeze? This is the Wall Street Corruption Killer! Merry Christmas Bitcoin and Ethereum Holders! Make sure you move these two TOP digital assets off the compromised/leveraged/scamcoins polluted Exchanges! Bring your crypto "home" to safety! Move to cold storage wallets off-net in safety deposit boxes. Banks will survive. Especially those that embrace real Bitcoin and Ethereum.
The fraudulent banks that issue fake Bitcoin and fake Ethereum should be decommissioned! Fines do NOT works! For them it's the cost of doing "business". They print fake bitcoin and ethereum "paper", short the asset and cover shorts with SPOT! As they do with precious metals! Fortunately with Bitcoin we have 1. Fixed verifiable 21M cap on Bitcoin 2. Blockchain explorers 3. Cryptoquant.
World vs WallStreet 2001? Wall Street Won
World vs WallSteet 2008? Wall Street Won
World vs WallStreet 2022? GOOD has to Win!!!! Buy and hold Bitcoin and Ethereum off exchange to SHORT SQUEEZE Wall Street peacefully out of existence! The Internet made Telephone Companies obsolete 20 years ago. The Internet Digital Currency has become THE New World Currency. The banks just need to fall in line like the telcos did with the Internet.
FIAT, which is effectively simply backed by "debt" need to become required "national coins aka CBDC". That's the only rational simple solution to this 50 year old problem of crooked government book-cooking.
Check Mate Banksters and Crookstreet. The World can SHORT Crooked WallStreet, Banksters and their puppet politicians!
King Bitcoin and Queen Ethereum head the New Financial Centre of the World. Guided by honesty, an open, accountable world distributed ledger. Bitcoin is good. Attackers of Bitcoin, including the US with its' fake Bitcoin (aka "derivatives") are Evil.
Pick your master and contact your member of Senator, Congressman. We need a World Coordinate Transition to this 50 year old problem. Everyone, research this. Do not retire poor. Help friends and family get on Bitcoin and Ethereum so they don't retire poor.
Greater Fool Theory and BitcoinBitcoin has lost its charm..!
In this chart, you can see bitcoin performance is negative in all timeframes in the past trading year, except monthly return which soon will be red as well if bitcoin cross below 38K..!
*check the right upper corner performance chart..!
All of these happened, while Crypto.com, FTX Trading, and Coinbase were among the handful of cryptocurrency exchange companies who shelled out a reported $6.5 million for 30-second ad spots during Sunday's Super Bowl LVI with over 100 million viewers..!(Fortune)
In the past few months, Spike Lee, Matt Damon, and Neil Patrick Harris appeared in crypto commercials, yet it couldn't stop the downtrend..!
looking closer to the chart, you see only 82 days out of the past 365 days offered the opportunity to buy at lower prices compared to today's price!
Which means
All those who bought bitcoin in the other 283 days (77.5 %) have lost their money or did not realize the loss ..!
Greater Fool Theory
The greater fool theory states that you can make money from buying overvalued securities because there will usually be someone (i.e. a greater fool) who is willing to pay an even higher price.
Eventually, as the market runs out of fools left, prices will sell off.
Due diligence is recommended as a strategy to avoid becoming a greater fool yourself. (Investopedia)
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
BTCUSDSHORTS telling us the whole storyBTCUSDSHORTS has been forming this nice curves. When it taps upper curve it's time to buy and when it taps the lower curve is time to sell. So, we can see green and red vertical lines where BTCUSDSHORTS has been in contact with the curves. We can also see some BULLISH and BEARISH zones grouping this points of contact. Just keep buying BOYZ and NGU.
