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Bitcoin-short

bitcoin can go to 35 k again!? hi friends .. first look at the chart .. i prefer the line chart for monthly time frame we have 2 important poin in this chart : first : The price is breaking the green uptrend line. On the other hand, price is breaking down moving average 20 days (MA 20). Since this is a monthly time frame, all of these breaks may appear as shadows You can also see in the RSI indicator that the price has not yet broken the downward trend. I think the price will go down to 35k.
Short
by cryptomarket_sama
BTCUSDon weekly time frame, I am still considering we are on bearish trendline - major trendline support - broken back to the week on 17th of January, BTC still struggling to got back above this trendline 47.5 / 48.5k area with confirmed candle closed above. Also looks like perfect example of BEAR FLAG forming recently. Looking also from combination of Elliot waves patent (1/2/3/4/5 - bullish back to MARCH 2020 till MARCH 2021) then ABC correction / potentially final leg down to complete C wave.
COINBASE:BTCUSDShort
by prezesfns
2
🔥Second signal, another possibility to entry📉👀I will make quick, the larger view on this assets will be develop in the LDTP update that I will do next, so follow me to be notified when it will come out. On this setup, I already took position on the first signal, more complexe and on scalping session I didn't had time to post it. So with this second signal it's another opportunity that I see. The pattern is more common and completed. If you follow me you know it's not a hazard where it took place. I developped a 4 hour timeframe Wyckoff pattern and lately when someone asked me in comment where we are going I said to take care of this area particulary like show this image : You can find the full description of it in the related idea under this one. Like some know I'm also positionned long on a daily signal, I rarely short, except to edge my positions. Here we are on a key area between going long and follow the daily signal and go back to the support and probably spring in the wyckoff pattern which mean take a loss on the long daily position. That why I'm positionning myself ON SIGNAL and ON THE KEY AREA to cover my possible losses and in the case it break up I admit to loss a part of my gain to secure the profitability of the long term strategy. "Making money in trading is math and respect of strategy, so never let your emotions guide you in uncomfortable positions" Also, this signals are interesting, of course because it happen on a daily resistance but also because we did a breakout of the last resistance & AR of the Wyckoff pattern which create an imbalance and like I already explain imbalances are anomalies of market and have to be closed. So price should be attracted from it to rework on and fill it with volume. If we don't we create a trend which is really promising for the future of the long daily position. If we do it, it will occur to two possibilities : pullback on the broken resistance before to go back up - or reintegration of the range and so of the Wyckoff pattern which mean return to the support area. Technical here but I will try to give more precisions in the upcoming LDTP update. Follow to be part of it ;) Like, follow or comment if you like, it give me some strength to continue ! I will update this idea with evolution of the pattern.
Short
by Kentg