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Bitcoin-short

BTCUSD Not ready for Breakout!! Short $14,000usdBITFINEX:BTCUSD Is bitcoin forking from reality? Or is it a really good time to sell? "Who’s nervous about the outcome of the US presidential election? Not the markets. Bitcoin is up above $14,000 and stocks are soaring."- Decrypt, Nov 4, 2020. I wont provide a very long explanation to why I'm short as I believe the chart speaks for itself. Bitcoin is playing in a dangerous resistance zone, as we see that $ 13,800 marks the highest point in the markets for 2019. Additionally, this coin has proven to be one of the most cyclical coins out there, which supports the fact that what happened a couple months ago on Sept 6th is likely to repeat again, as we may see a retracement back to $12,000 before new highs. Again I'm not financial advice, but setting a stop loss above $14,000 and a target at $12,000 seems pretty reasonable for me in the execution of this short. Note that we are in one of the strongest bull markets that we've seen in recent years, so any continuation signal without a pullback, should be considered as an exit signal. Trade at your own risk.
BITFINEX:BTCUSDShort
by UnknownUnicorn3102162
3
BITCOIN IN SHORT-TERM TROUBLE? TWO RESISTANCES HITIf you’re long in Bitcoin, beware. Two big resistances are both being hit at the same time. First there’s the 2019 high. Secondly, we hit the upper limit of the upward channel since march. My advice would be exiting your short- and medium-term investments and look for a new buy-in around $12,000. I’m still long-term bullish on Bitcoin. ................................................................................................................................................................... If you like this analysis, please like, subscribe and comment. ...................................................................................................................................................................
Short
by FieryTrading
BTC short. daily indicator historical comparisonlets observe this daily chart with some indicators of the last year and see the reaction. some things to point out to support the argument first the pivot. purple lines. CPR (central pivot range) every single one has been tested. the next one is coming in around mid 12ks next is a reversal indicator similar to TD sequential but more accurate because it counts current candle and not just prior. the purple dots at the top indicator reversal near. next is the ppo price percentage oscillator the wave looking thing at the bottom. generally has called correct top and bottom areas. as well as the line TKE which is an algo average of the 8 most popular oscillation tools such as rsi stoch mom and others last is the yellow dots at the bottom. Godmode dots. twice signalling local top. still without correction Finally the fear and gree index and in general the main sentimental charts of others on trading view have gone very bullish in a dangerous place Some people are calling for something called a "Christmas rally" which is no doubt a comparison of 2017. and there are plenty of arguments that is is NOT the same at all. Factors including ICO craze. Chinese involvement of then but less now. (futures settlements in that 2017 time were 95% in rmb) along with other markets in general. the state of the world. the fact that this time is is NOT a blue sky breakout like it was before. Tether manipulation. coming elections. and bitcoin is very very far from having a high peak of trending in search results and data. But anything can happen. that is just my two cents. It could have a fakeout first. generally if you see bitcoin going to that coming monthly H3 14.3 area it will more than likely be a fakeout with a large crash down to new monthly pivot. if it opens up and goes right to coming L3... it may be a good bounce to buy if it holds without testing topside first
COINBASE:BTCUSDShort
by Gunslinger2005
5
Bitcoin - Keep your eye on 4 hour inside bar for direction Bitcoin is currently printing a 2nd inside bar for us to decide which way Bitcoin may break. Watch for a break if we move past the high of $13,387.30 or the low of $13,149.43 from the previous inside bar. Whether we break bullish or bearish, I would still expect us to stay within the broader tightening equilibrium pattern for now. Current equilibrium resistance is $13,687.82 Current equilibrium support is $12,976.29 and then $12,891.57 Good luck trading.
COINBASE:BTCUSD
by zwickster
2
ARE BULLS SWEATING YET? I THOUGHT WE WERE GOING TO 16k? ~ fomo-Yurlo Please do me a favour and smash that like button 👍 So i've been hearing an awful lot of trash talking coming out of bulls "buyers" lately. First of all bulls failed to break $11,000 not only once but TWICE with a clear rejection below $10,800 heading towards the support level and prior historical resistance which was the resistance for the entire 2 and a half year bear market. Second of all bulls are "so confident" we're going straight to 13.8k, and even 16k. In my perspective until buyers reclaim $11,000 I'm bearish because if this keeps up I don't think $10,500 will hold much longer. Third of all, lose $10,000 & I think we see a BLOODY October. As always, best of luck to you all and have a great rest of your Tuesday afternoon.
COINBASE:BTCUSDShort
by Yurlo
27
2ND COVID 19 WAVE AROUND THE GLOBE ~ (hyperinflation crash soon)-Yurlo Good morning to the trading community. I hope you've all had a fantastic week within your personal life but most importantly in your trading journey. We've recently seen wave 2 of covid 19 start to surface around the world. Every country around the globe has been printing $$$ to prevent inflation/hyperinflation to occur. Has this stopped the economy/stock market from crashing before? NOPE so what makes you think they can stop it again? The answer is THEY CAN'T. What we're about to witness in this world will go down as the worst crash since 1920's. What happened after the great 1920 crash? The cold war, which helped create jobs and help boost the economy which took YEARS AND YEARS to stabilize. Are we going to see a repeat of this in the next decade? Downtrend initiated on August 17th, 2020. Since this date we've had 4 validation touches on the trend-line which gives a trend strength. 2nd touch: September 1st 3rd touch: September 19th What we've seen is a possible exit pump for the players that got trapped to get out or close and open a new short position before all hell breaks lose. Get ready for hell because it's coming and there's nothing any of you can do about it. Enjoy your weekend fella's.
BYBIT:BTCUSD.PShort
by Yurlo
26