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Bitcoin-short

Bearish MACD ATR Divergence 1W: Bitcoin (BTC) shortWeekly: There is now a finger pattern, an upwick sticking out and the current weekly candle went up after the open but failed, and now prices are below previous candle close. Weekly is only half way, but bearish divergence is developing on EFI and MACD-H. Stochastic RSI seems to cross, and is overbought. Let's see how this develops. On shorter TF's I was daring to short around 61-63K, because of the setups on the shorter TimeFrame. I'm carefully opening short positions while I am looking how this weekly candle unfolds and take it's value most serious in it's last 1/3 of its ilifespan. If this setup plays out, I expect it to go to the middle of the value zone, around 50K, up to the -0.5 ATR around 45K. That is a 1.5 ATR to 2 ATR move. -1 ATR could be a third target, but that could be tried with a last remainder of the position Daily: After the ATH, a failed try to make a new high, fiddled out and price could not reach the 2 ATR. Then prices started to fall. I shorted already a good portion around 62K-63K based on a setup of the 4H chart. Daily is at the VZ zone now, and I expect it to pull up a little based on a shorter TF. There I will add to my short. Stochastic RSI is oversold, but still kind of flat, and seems to cross again. EFI declining and level is nou in bearish territory, below zero. Entry: Now, or higher, based on short TF ( I already entered this short around 62K on average Exit: Target 1: 50430 Target2: 45100 Stoploss: 64408 R/R: 1:2 up to 1:3
Short
by Tornado_Trading
Will crypto market crash or not ? Hi friends Everything is clear but I'll give you some extra infomation Both market cap and BTC/USDT now are struggeling with major R . Especially market cap might make a double top pattern PLEASE PLEASE take this advice from me: *** NEVER BUY AT RESISTANCE AND NEVER SELL AT SUPPORTS *** if you're bullish just wait till the R is broken and for more sureness you can wait for pullback and if you are bearish and hope trader you can go short I myself am bearish because of my wave counting (It could be wrong but it is my opinon ) like and comment your opinion please Good luck
CRYPTOCAP:TOTALShort
by amirhoseinmlh
3
4H Evening Star Doji - At Resistance We have formed a bearish evening star doji candle right at resistance. The last time we had such a candle at resistance BTC fell 20% in about 12 hours. Even though bitcoin has been completely invalidating all bearish scenarios, I think this is the one that does it in. Not to mention the ridiculous bearish divergence that has been playing out. Most bears have now flipped to bulls and the moon boys are extremely euphoric. We could very well see a large pullback here in the upcoming hours. But who knows BTC is so manipulated that it could just defy all TA once again and just continue to the upside, but I wouldnt bank on it. I would expect alt coins to take a massive hit as well. Ive opened a short here. Looking to take profit around 47.5K. Thank you for viewing my post!
Short
by Nutty_Trader
5
BTCUSDT New Short Position This is my new short position on BTCUSDT, price of BTC has been going up very fast for the past few days, and now it seems to have reached exhaustion, in sharp uptrends this usually means a ranging market is coming for the next few daily candles or a retracement to touch some important moving averages and to gain more volume to continue going up. This could be a formation of a new macro pattern in which we could be at the top of its newly formed resistance at around 56.2k Keep in mind that it is very risky to short in a uptrend and only do this on no more than 2x leverage if you even use leverage.
Short
by mastertrade23
BTC/USDT - Approching end of Bull Trap (Wave B) Hi Traders, As you can see, the chart of BTC is showing some interesting growth opportunity. So the question is when to take profit and to stay on safe side ? In my opinion, we are very vclose to end of wave ((c)) of B. Very close to Golden pocket retracement. 0.618-0.65. Also Price Action is forming some kind of overlaping structure which could be wave (v) of ((c)). Cosisting of 3-3-3-3-3 waves. So focus on 1-2-4H timeframe and count subwaves. Bullish scenario - if we cross 52,4K than, BTC can go Higher. This level must be confirmed as support before another growth. SO there will be enough time to enter again. Trade safe and enjoy the game ;)
Short
by LongevityContrarian