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Bearishbtc

Bitcoin bottom is going to be predicted by the top of the DXY!Im my last chart on BTC with the correlation with the DXY. You can clearly see when BTC dumps the DXY pumps. Even on the weekend when the DXY is not trading BTC does boring sideways action waiting for the DXY to open again. In my opinion we still have further upside with the DXY. We are currently trying to break through an ascending channel to the upside! We can clearly count from the yellow wave 4 another 5 wave move however we are missing the internal wave 5. Which in my opinion will get close to 120 level. Who knows maybe we get bad news tomorrow with the CPI data or with another big rate hike coming later. Let, 's see if we get above the channel and hold the trend line for support. This would be the confirmation we are probably going to 120.
TVC:DXYShort
by Luckyjimbob111
$BTC Fib Channel & Fibonacci Retracement AnalysisHere is a clearer visual analysis of where I think Bitcoin will be going. The bear flag formation from 35k and 48k has been confirmed and it looks like we could be going down to the next fib channel support which is around the 32k price range. If the 33k - 32k breaks the next support that Bitcoin must hold would have to be at arnd the 29k to 28k levels in which a possible dead cat bounce could happen. However, this could be a start for of bigger Bitcoin correction possibly all the way back down to retest 20k - 19k which I hope and doubt will be the case. I will likely be in shorts this week as opposed to my bullish nature of longing.
Short
by yoyokenwan
1
Russia Fears Can Create Buying OpportunityI would say the double top at 45k is extremely bearish. BTC will attempt to make a higher low around the 42k "Bart" pattern but I think it will tank right through due to some geopolitical fear. All markets are impacted by the threat of war but that's just it: a threat. The threat will continue to drive prices down until the 30-35k floor is once again tested. BTC holds this level? Super bullish. BTC breaks this level? Retest of 19k range is the next major support.
COINBASE:BTCUSDShort
by nathanielandrep
3
🩸🐂 Short-Term BEARISH Bitcoin - Pain incoming for Bulls.I may be shooting myself in the foot here for posting this before the daily close, but as of right now things seems bearish. 1. We broke down from our parabolic advance. 2. The sell volume as of 3 days ago was the biggest we've seen since march. To me, this is a clear sign that BIG money moved out. And it may signal further downside as retail traders fail to make any significant breakouts. 3. We seem to have hit the Golden Pocket on a retrace, and more selloff Will likely occur as bigger players hedge their bets at the .618 Fib level. 4. The MACD is flashing its first sell-signal. Typically this wouldn't worry me, But the MASSIVE sell-volume to match it makes me want to play cautious. 5. We moved so FAR and FAST above any other supports that I believe it would be healthy and good for BTC to establish some supports and pull-back. HOW TO TRADE THIS MOVE: It's highly likely if we breakdown to my listed Buy Zone that we will see a retrace to $30,000 - $32,000. IF we do reach the levels in my buy zone, we may be in for further pain. I wouldn't be shocked to see BTC fall down to its previous All-Time-High to retest it as support. HOWEVER: it's important to remember that sub 20,000 levels Are HIGHLY UNLIKELY because of Fed printing and Supply & Demand issues. Currrenly more BTC is being bought than is being mined. So for that reason I pray we reach 26,000 Levels And I will be a huge buyer. As things stand, I am on the sidelines and won't buy this current pump because it may very well be a lower high. I won't be buying anything UNDER 42k. If I am wrong and we do continue bullish momentum, I will only buy a clean breakout for a New All-Time-High. Happy Trading!
BITSTAMP:BTCUSDShort
by RookInvesting
8
Bitcoin Trend Explained | Why $6200 is the Bottom before HalvingBitcoin Update Important Trend Lines Bearish Trendline (Red) Long term Resistance is being respected by Price Action. Price was not able to test it even. Breaking this Trendline will trigger $8000. Local Trendline (Blue) It was the Local Diagonal Support since the dump. Unfortunately, Closing Below $6900 on Daily will confirm a Breakout and Targets can be around $5500. Bullish Channel (Yellow) Closely, PA is making a Bullish Channel and which is considerable fitting in the Bearish Set-up. I was thinking to short but one of the Bullish Signs made me not to trade it. as $7300 was like a strong support. I think low will be $6200 not $5500. How To Trade Wait for Breakout and Ride the Pullback. Breakout is almost done and We waiting for riding the Pullback. I would like to Load my Shorts in Staggered Entries ($7150-$6975) Stop Should be at $7350 Summary Trend is Bearish for me (If We close below $6900 on Daily) and Bearish Targets $6200. Bull Flag (Hope for $8000)
BITMEX:BTCUSD.PShort
by Good_Trading_Calls