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Bitcoin-short

🌙 Beware the Bearmoon: Bitcoin's Rising Wedge Signals $56-57k 📈 Bitcoin has recently exhibited a rising wedge pattern on the 4-hour chart, indicating a potential correction in the near term. This pattern is characterized by converging trendlines forming higher highs and higher lows, signaling a weakening momentum and a potential reversal. 🔍 💲 As of the time of writing, Bitcoin is trading at $68,200, and based on the formation of the rising wedge, a measured move suggests a correction towards the $56,000 to $57,000 range. This projection is derived by measuring the widest part of the wedge and extending it downwards from the breakout point. 📉 🌙 Furthermore, tomorrow marks a new moon, which historically has shown a correlation with downward price action in the cryptocurrency markets, colloquially referred to as "bearmoon." This phenomenon is often attributed to a combination of factors including options expirations and human psychology, leading to increased selling pressure and market volatility. 🐻 📊 Adding to the confluence of indicators, daily indicators also support the notion of a correction towards the projected range. Combining technical analysis with lunar cycle patterns and other indicators strengthens the case for a potential downward movement in Bitcoin's price. 📉 💼 Traders and investors should monitor price action closely, keeping in mind the identified levels and factors influencing market sentiment. Risk management strategies should be implemented to mitigate potential losses in the event of adverse price movements.🛡️
INDEX:BTCUSDShort
by Shibunacci
1
BITCOIN Will Go Down! Sell! Please, check our technical outlook for BITCOIN. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 64579. Taking into consideration the structure & trend analysis, I believe that the market will reach 60369 level soon. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
BITSTAMP:BTCUSDShort
by SignalProvider
2
BITCOIN, is the ETF approval a sell on the news event?Welcome back, some times it's nice to just browse through the charts and find interesting patterns. There is no guaranty that chart history repeats it self, but, there is a chance to. In this chart I'm observing a pullback to 20k-30k area for the bitcoin in case the ETF approval which everyone is waiting for within the start of 2024 will be a sell on the news event. First of all, I am absolutely bullish on BTC within the next years. But at this stage of trend I don't want to get in a long position anymore. There had been many chances earlier this year and the risk of profit taking is too high now. Also the fundamentals are already anticipated from the market for weeks now. What can you see on the chart? Most important are the orange lines, marking the bottoms of a cycle. With purple lines I marked the most significant price actions, just every 12,5% for the actual cycle and 25% for the past cycle. The price reacted similar in both cycles and IF history wants to repeat itself, we could see a very long correctional movement starting from around 48-50k back down to 20-30k. Obviously you can't make good trades on the weekly chart, so this is just for observation and it's important to find structures on lower time frames to confirm the move. Let me know what you think about Bitcoin. All opinions are respected here :)
BITSTAMP:BTCUSD
by Kyrean
18
BITCOIN BEARS! Next Trap Incoming and Major Decline will Follow __________________________________________________________________________________________________________________________________________________________________ Hello traders investors and community, today I discuss with you an important observation which I made on the daily bitcoin chart. As bitcoin is trading in a consolidation again just as seen before the major drop came which dropped bitcoin to the 7800 levels, there are some important things to look at. __________________________________________________________________________________________________________________________________________________________________ Bitcoin is trading in a declining channel with several lower-highs and lower-lows already formed in the past. After bitcoin formed the triangle on a weak support base which finally broke badly to the downside after the bull-trap, bitcoin is consolidating again now. In my chart, you can see the reason for the break-down marked with the horizontal trend-line and the bull-trap callout. The higher-high which was formed in june was formed with high selling volume. Also before the break-down, we saw weak volume in the weak support zone. There is a reason why bitcoin cant establishes a new higher high, with bad volume more decline is likely to happen as we are still trading in bearish environments. We formed the last lower-lower at the 7750 as you can see in my chart, the support which is building now looks similar weak to the last weak support range. So what can we expect in the next days? A bull move to the upside is likely, as you see in my chart, which is critical because bitcoin will directly trade into resistance at 8800-8900. There is major resistance at 8800-8900 also the upper trend-line of the orange parallel channel is marking serious resistance. With facing these important resistance levels a next bull-trap will confirm as there are not many solid bull signs for a successful reversal. The orange channel you see in my chart is critical, I can't see any bullish continuation without taking out this channel. This channel has to be taken out for considering the bullish scenario, without this it is still a bearish declining channel that trades to the downside. __________________________________________________________________________________________________________________________________________________________________ This was my analysis, hopefully, everybody can profit from the information, have a good time and of course good trading profits! For more market insight feel free to support. Information provided is for educational purposes only and should not be used to take action in markets. __________________________________________________________________________________________________________________________________________________________________
BITSTAMP:BTCUSDShort
by VincePrince
24
BITCOIN Will Move Lower! Sell! Please, check our technical outlook for BITCOIN. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 50073. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 47699 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
BITSTAMP:BTCUSDShort
by SignalProvider
2
BITCOIN Is Very Bearish! Short! Here is our detailed technical review for BITCOIN. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 41732. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 38152 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
BITSTAMP:BTCUSDShort
by SignalProvider
2
BTCUSD crypto short triggers and hedgeI personally don't like short positions, especially with BTCUSD pair. However there are a few triggers that may cause crypto market to fall. 1. Stock market fall. Nasdaq has touched its ATH. And it is a strong resistance level. 2. SEC can delay spot bitcoin applications again. So January 2024 is a very important month. 3. Last week BTC recorded $ 860 million worth of net inflows into crypto exchanges (accoording to IntoTheBlock analytics company). If we count this amount in BTC its not much, just about 20 000 BTC or 0.1 % of all current allocation. But we don't know how many bitcoins have been sold in OTC market. Big players always hide what they do. If all three triggers work together, the crypto market will be down. That is why I'd like to discuss how to hedge your long positions. The best way to hedge our investments is to see what institutional crypto investors do. Accoording to Coinshares YTD BTC flows is ~ 1.7 Billion while BTC short is ~ $ 62 million. Here is how to count the size of our hedge short position. To divide: 1 700 000 000 / 62 000 000 = ~ 25. So If we want to hedge long positions in the bull market our profit / loss ratio should be 25 / 1 For example if you have invested in BTC, say, $ 100 k, your short position in BTC should be = 4 k. But I strictly urge you, don't open margin positions. x1 is a must (not x2 or x3) in crypto futures. If you open x1 short BTC position now, your liquidation should be at ~ $ 80 k for 1 BTC. But if 1 BTC = $ 80 k , you have ~ $ 200 k ($ 100 k in profit) and you lose only $ 4 k. That is very profitable, isn't it!
BITFINEX:BTCUSDShort
by vitsha
HelenP. I Bitcoin can rebound down of resistance line to $45800Hi folks today I'm prepared for you Bitcoin analytics. A not long time ago price declined to the support zone, which coincided with support 2, and at once rebounded up. Next, the price rose to 44400 points, after which started to decline to support 2. When the price fell to support 2, it at once rebounded and made a strong impulse up to support 1, which coincided with one more support zone. But BTC in a short time declined back to support 2, after which it entered to wedge, where the price rebounded from the trend line and made a strong impulse up to the resistance line of this pattern, breaking support 1 again. After this, the price made a correction movement and then in a short time back up, and now Bitcoin trades near the resistance line of the wedge. I expect that the price will reach the resistance line and then start to decline to the support zone inside the wedge. Therefore I set my target at the 45800 level, which is located in the support zone. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
2
HelenP. I Bitcoin will correct one more time and then rebound upHi folks today I'm prepared for you Bitcoin analytics. A few days ago price traded near support 2, but later it made an impulse down to the trend line, thereby breaking this level. After this movement, BTC in a short time backed up and then tried to rise higher, but failed and made correction to support 2. A well then Bitcoin made a strong impulse up to support 1 and even rose to the support zone, but soon fell below. Price some time traded below support 1 and then rose back to the support zone, but BTC didn't fixied and in a short time declined to the trend line. After this, Bitcoin rebounded from the trend line and rose higher than support 1, breaking it one more time. Then price made a correction to the trend line, but recently it backed up and now trades near the support zone. Also, BTC formed a wedge pattern, in which the price continues to trades to this day. At the moment, I expect Bitcoin will to correct to support level again and then rebound from it. That's why I set my target at the 45500 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
3
BITCOIN Will Move Lower! Short! Please, check our technical outlook for BITCOIN. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 43916. The above observations make me that the market will inevitably achieve 41659 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
BITSTAMP:BTCUSDShort
by SignalProvider
1
ALGO/USDT = Sideways before The Breakdown/BreakoutWe see a tight trading range, signifying indecision between buyers and sellers. If we see a solid break above the upper yellow line, there could be potential for an upward push, possibly initiating a new bullish phase for ALGO coin. However, the odds seem slim, and we may more likely witness a bounce between the resistance and support zones. We're on the lookout for a potential breakdown, which would necessitate a confirmed re-test of the resistance turned from the support zone. Such a move would signal a clear shift in market sentiment and a potential move to our liquidity grab zone as well!
Short
by SwallowPremium