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Bitcoin-short-setup

Bitcoin UPDATE Hello guys. How are you doing? I hope you feel great and always be happy and successful. today, I want to talk about Bitcoin. It's an update and the expectation about the movement in Bitcoin. So, as I always said it's not financial advice. please just read and do based on your strategy. So, Let's go into details. ➖➖➖➖➖➖➖➖➖➖➖ I drew this Fibonacci channel a few months ago.do you remember that? what a fabulous reactions. You can find the bottom of Bitcoin easily. please draw it on BTCUSD. and the price must be on the line chart. after breaking line 1 (at the top of the first channel) the price changed the trend to complete the pull-bach to the top of the channel. I expect that the maximum of this movement will be 38300 and then reverse the trend again. But, if the price succeeds in closing above 38300 by a God Candle (a full candle without shadow at the top and the bottom) and the volume confirms this breakout, I believe that the price can go higher and the first target will be around 47000 and then 58000. but, it's just a scenario and I don't think the price succeed in closing above the 38300. by the way, I want to tell you something special. Every time the stochastic managed to touch the 70 level (and above) and then reverse on the monthly time frame, we had a huge drop. Please check it out at the below link. (Minimum 84%) And the consequence is that I expect the trend will reverse soon. That's my idea. and the market maker played this rule to import the money into this game. and burn it. please think about that carefully. and know that Opportunities in the market flow smoothly like a river. Please don’t forget to write your comments ✍️✍️ like 👍👍 and Share 👌👌 this vision with your friends. And Tell me do you agree with me or Not? Please don't hesitate to write your comments below. ❤️❤️ Wish you the best ❤️❤️ Sincerely Yours Ho3ein.mnD
BITSTAMP:BTCUSDShort
by Sticky-Stock
BTC.USD (UPDATE)Hello My friends. How are you? Today I want to talk about Bitcoin. But first, it's NOT financial advice. it's just a scenario that belongs to me. and it shows what can I think about this movement. Let me talk about Elliot first. ✔️ The theory identifies impulse waves that establish a pattern and corrective waves that oppose the larger trend. ✔️ The Elliott wave rules are that markets move in eight waves – five that move in line with the major trend overall, and three that move against it overall. Each wave is a move in the opposite direction to the one that preceded it. Please check it out below Photo. So, let's go into details. I published an analysis of Bitcoin in the Weekly time frame and full cycle before Let's look at that again. So, according to my words, I want to show you all the waves and movements of Bitcoin. We had five bullish waves. and after finishing, we have to wait for the correction waves. the correction waves contain A, B, and C. Please look at Bitcoin on a big scale. the 5th wave of Bitcoin finished at 69K.and after that the correction waves began. From 69K to 15500 USD: we call it A From 15500 USD to 34-38K: we call it B and now, we should wait for the C wave to begin. Now I want to collect all the information. after finishing the A wave, at this time we are at the end of the main B wave. By Using Fibonacci retracement, we can find the PRZ levels as the target of the B main wave. It means 34-38K is the target of the main B wave. after that, the C wave will begin. The C wave contains 5 microwaves. Please don't FOMO. although, there is no money in the market. I still believe that the market needs more correction. and the main whales did not enter and they are waiting for the best position to enter the market at the cheapest price. At this price, it is not sensible for them to enter the market. Please don’t forget to write your comments ✍️✍️ like 👍👍 and Share 👌👌 this vision with your friends. And Tell me do you agree with me or Not? Wish you the best 🙏🙏 Sincerely Yours 🌺🌺 Ho3ein.mnD
BITSTAMP:BTCUSDShort
by Sticky-Stock
7
When the indicators align: Confluent reasons to suggest pullbackHi all, It looks like Bitcoins well overdue correction is about to take place, let me share with you my thoughts... 1. Higher highs on price action with lower highs and divergence on Rsi. This morning we had a strong attempt to breach resistance around 5690 regions which was quickly dealt with forming a lovely bearish rejection candle on hourly. This was followed by another attempt to breach resistance, again swiftly rejected and ending up with significantly lower high on the Rsi and more bearish divergence. This price action translated over to Daily intervals to show lower highs and divergence on the RSI 2. Impulse wave confirmed by RSI We have and lovely and clear 1-5 impulse wave count that is confirmed by Rsi peaks. 3. Price action too far away from 55 and 200 emas. This isn't the strongest indicator of a correction but its something to note, price tends to want to stick relatively close to the 55 ema and price is currently stretched away from it. Here are my price targets Very likely: 1. $5000, there is really strong support here plus it is 38% region of fib retrace. Likely: 2. $4080 200-day ema and 50% fib. Two strong confluent reasons to establish that target. Good Chance 3. $4550-4600ish. Bitcoin loves to correct to the 61.8% fib however due to the fundamental interest surrounding cryptos atm I am not sure if it will and if it does I don't expect it to be there long. Also, lots of strong emas around this level. Let me know your thoughts :) ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
BITFINEX:BTCUSDShort
by TrimmerTrading