Bitcoin-short
XBTUSD Possible Scenario - NANPFor more follow links in profile
Entry @ 10326
TP @ 10218
SL @ 10332
THIS IS NO FINANCIAL ADVICE
Short Term UpdateThere have been no big news since the last update in early August, deviation levels and kama verage remained unchanged as well as remained unchanged the threshold of 8300$ that outlines the boundary between the bullish and bearish market.
9.1-9.4k on the table? Or it's a trap...?Hello everyone, ATZ Team is here.
What we see now is same pattern we had before.
For now we expect to hit 9.4k support before hitting 11.3k and 11.8k.
Volume is dropping which confirms our short-term bearish bias.
Nothing more to say because it's Monday and soon we will have more action on the market.
Swing short on Bitcoin from 12,000the only best setup i am looking at this one, at the current price i am not able to find us good R:r trades with us being hunted on the wicks.
BTC Daily Update With recent BTC dominance of 70%+, Price Action has shown little to no signs of major upward movement. Fundamentally we are overdue for a major correction before the New Year and we are itching closer for that to happen. We see major resistance at the .618 levels (11,200), Optimal Trade Entry in this setup is anywhere from 10800 to 11200 depending on desired RR, recommended is 20-40% of your position from 10800-11000 and the rest 11000-11200 if price allows. SL no higher than 11400-11500 for this setup to allow room for possible wick fishing/stop runs. Happy Trading!
NEW TARGET 11.8K?! Be careful...Hello everyone, our predictions playing well 3 in a raw!
So what is next?
If you noticed - price hit resistance zone $10726-10837.
Also, price hit Trend line (orange line).
For now We expect price to drop to $10087 level. before going uo to $11.2k.
More over, what we have found is that, there is around 40% chance to hit $11.8k level.
We do not recommend to short now, trend on lower TF remains bullish.
There are two possible options from where price can start grinding up again:
From current price (1D level support $10512) or from $10087.
Volume supports this move up, but now need cool off before next wave up.
More it will flat at $10512 - more it will gain power to confirm move to $11.2k.
Bitcoin (XBTUSD) short.All description on the chart.
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Thank you.
3rd September 2019: Short BTCSimple break in Market Structure on the low timeframe. There is price inefficiency to fill on the way down. Even though the run up has filled the inefficiency on the left hand side, there is still a small ammount of orders which rest between 10k-> 10.3k .
This idea is based on the assumption that we have a pullback before continuing the next move north.
A month later, the situation hasn't changed.The price levels I gave you a month ago worked well because the market remained sideways. I updated the resistance and support areas by slightly changing the settings of the Kama average I use (I increased the smoothing factor from 2 to 3).
I confirm that below 8300$ thresold the trend changes from flat to bearish at least in the short term, the previous threshold value was 8500$ now revised to 8300$.
BTCUSD Potential Head and Shoulders! Hello Traders!,
Update on Bitcoins recent developments, we could be seeing a potential head and shoulders on the hourly…
Points to consider
- Major support is at the green zone, also the neck line
- RSI overbought currently
- Stoch’s looking to top out
- EMA’s giving price support
- Volume declining after current bull move
- Price testing downwards slopping resistance at current given time
Bitcoin is in a very interesting area right now where it could potentially be rejected from this downwards slopping resistance. The RSI is currently overbought as well as the stoch’s showing downwards momentum. The EMA’s is currently giving price support but this does look weak as bull volume has decreased.
Bitcoin really has two options, it can either break this downwards resistance and retest the upper trend line. Or it could potentially complete this head and shoulders pattern by breaking its neck like bearish. Price is currently stagnate, thus a move is imminent as BTC is testing its crucial apex area. We must consider the higher probability of BTC breaking bearish as bull volume has decreased, but anything really is possible...
This is a good trading opportunity, regardless of which way BTC breaks, there will be a move imminent!
What are your thoughts? Is this a potential head and shoulders? Or will BTC break downwards sloping resistance?
Please leave a like and comment
And remember
“It’s OK to be wrong; it’s unforgivable to stay wrong.” -Martin Zweig
Drop today? 8800 is on the table?!Hello everyone,
Today AlphaTradeZone Team wants to show you possible option how Bitcoin can trick shorters.
As we all see and know that $9.4k is strong support - our first thought is to load Long position.
But what if to scroll back and see how price acted previous time on that support?
If you see, every dump stopped at $9.4k, but after a few days of flat accumulation - price squeezed down all the longs, collected liquidity and went up.
Usually squeeze takes around 3-4% down, and buy up with increased volume, trapping breakout sellers.
THe more volume price will gain on this mive down - higher it will go.
According to 4H candlesticks, this move is likely to happen.
Also, dropping volume confirms the same.
BCHUSD Inverse Head and Shoulders! Hello Traders
Today's chart will be an update on BCHUSD!, Potential inverse head and shoulder!
Points to consider
- Potential Inverse head and shoulders
- Volume declining on right shoulder
- Calculated target would be a potential double bottom
- VPVR showing low volume of transactions after support
- EMA’s acting as resistance
- RSI putting in lower highs
- Next potential support will be the .618 Fibonacci
BCHUSD may potentially be putting in an inverse head and shoulders which is a very common bearish formation. Confirmation will be a break of the neck line which price is testing right now…
Volume has clearly declined on the right shoulder and with EMA’s providing resistance to price, BCH is probable of breaking its Neck Line. The calculated target of this Inverse head and shoulder will potentially retest yearly lows.
This makes clear sense as there is low volume of transactions according to VPVR after the Neck Line, bears could easily plummet BCH. RSI is putting in clear lower highs, showing us a potential bearish divergence; again giving bears an upper edge
What are your thoughts? Will this be the beginning of capitulation for BCHUSD and all other ALTS?
Please leave a like and comment
And remember,
“All you need is one pattern to make a living.” – Linda Raschke
Weekly and Daily analysis on BITCOIN by ThinkingAntsOkTake this post as an idea to identify relevant areas of the chart, after that use it to support or discard your own trade setup
Main Items we see on the Daily Chart:
a)The major ascending trendline is broken
b)The Downside move that we can expect is really interesting to think on short setupS + you can have a Risk Reward Ratio of 2:1 more or less
c)After the main Trendline was broken we saw almost 2 bear traps, and then the price returned to current levels (this support the short thesis)
d)We can see a Head and Shoulder Pattern using the Broken ascending trendline as a guide.
e)Based on our analysis we expect a continuation of the bearish movement towards the 7600 LVL
Weekly Vision:
Bitcoin Update #13 - Black Hole Sun !Hi, today we are going to talk about Bitcoin and its current landscape.
Finally, Gann got broken and showing us the force of this indicator after the breakout Bitcoin started to accelerate towards the next Gann support, as highlighted in our chart above. As previously reported in our analysis of the weekly and monthly charts, this devaluation was expected for us. We hope that our readers had benefited from our given guidance.
Thank you for reading and leave your comments if you like.
Bitcoin Short Trade Set up.#XBT Broke down from a multiday range on good volume. This is a pullback continuation setup. These trades often get stopped out, but I am trying to be as conservative as I can. Please do not use more than 1.5% of your capital on this trade. If the price does not reach your short limit order, let it go, do not chase this trade. Many expect a bounce of $9400-9000 support zone, I don't. There will be some reaction, but I expect a lower support zone to fail. Anyhow, please use the stop loss on your short and take profit at the next support zone. Risky trade!!!! Good luck.
Feel free to join my free telegram channel. Link in the bio.
Bitcoin (XBTUSD) short.All description on the chart.
Please, don't forget to like and follow.
Thank you.
Bounce and fall, Bitcoin will return to $8000 supportThe downtrend line continues to operate, we will go back down, reload your short at approx $10300 to take advantage of the fall again. Short Short Again ;) Easy Money.
Bitcoin holding up at $10,000, is ALT Season here?Hello my good friends. Hope everyone is doing well in this midweek trading session. From my last post, Bitcoin was holding my previous support line pretty nicely, even when Binance went down for a 6 hour system upgrade. Yesterday however, Bitcoin fell back down under my yellow support line showing signs that it has failed. Effectively, I readjusted the line to match the two new double bottom dips that have formed from the past week. This new yellow support line is holding and is now showing a strong bull presence with the RSI recovering from its earlier 30% mark. This recovery is also pushing the price up towards the two exponential moving averages. Taking a look at them, we can see that the 50 EMA and 100 EMA had another death cross last week when the price dropped 10%. This death cross being a strong downward indicator, leads me to believe that BTC has a one last shot to recover a bit before following its downward channel ultimatum. As for the CME gaps, the two that are active from prior week and month, are the $11.9k Gap and the $8.6k gap. With the downward channel becoming more prominent, the target of BTC hitting $8.6k is stronger than it breaking the confirmed red selling pressure line and going up to $11.9k.
With that said, we have two nice opportunities coming up including one presently here. For a monthly trader, the present opportunity is to short BTC as it looks like the downward channel is confirmed and that BTC should eventually hit CMEs $8.6k price gap and cover it before any recovery upward. However, this is Bitcoin and it can easily get pumped back up to $11.4k towards the top of the downward channel line bringing about the second trade entry point. Here, you can wait for BTC to rise up to the top of the downward channel line from the current moment, and safely enter a $11.4k short position with a stop loss at $12k in case the $11.9k gap does get covered prior to BTC price reversing. Keep in mind that both of these positions are highly volatile due to the nature of Bitcoin, and always trust your ideas and decisions before investing. I am personally waiting for the second outcome to happen before making a trade to short BTC. With this 4H time frame analysis, the support lines are pushing this consensus down to September 1st and I am willing to wait till then for that entry. If that entry comes sooner I will keep you guys updated.
This analysis has been updated from my previous three posts, and I always appreciate your guy's support and comments to improve my TA. I also peeped that most of the Alt coins from the recent drop have bin holding when compared to BTC and am wondering if ALT Coin season is coming sooner than later. So I pass the question to you my beautiful trader friends. What do you guys think will happen by September 1st with the Crypto markets?
As always,
Onward and Upwards,
Vick
BITCOIN:At the edge of the cliffHello dear traders,
Let's keep it simple.
Summary & trading plan:
- We perfectly called for 10450 dollars XBTUSD zone failure to hold, and we saw a strong bearish move as anticipated yesterday in our idea, targeting low 10k.
- Bitcoin is now sat on the edge of a Daily Cliff and we can see very low targets if it triggers. Please, read the detailed analysis for further details and targets if the idea is triggered.
- Still hedged from >11k4.
- Looking for altsbtc setup considering this potential weakness.
- For live updates on btc & alts, and for free trades, follow us on twitter.
Weekly
a/ Market structure: still intact bullish structure, but indecisive at the moment. In the same time, weekly chart is showing us a trendwall that is getting weaker and weaker here . A trendwall is basically a trendline that is drawn based on a point of resistance, and a point of support during an uptrend, that allow us to get an idea of the exact place where price can reverse. Considering it provided support already three times, we now have to consider that the next test is not going to hold, and we are going to break down, each test making the trendwall weaker and weaker. Weekly support to monitor is 8750.
b/ RSI: indecisive but can definitely move down for a reset.
c/ MACD: Under Bearish Crossover in positive territory. => Consolidation on this TF and a retest of support is possible.
Daily
a/ Market structure: still intact bullish structure, but indecisive at the moment. Breakout of resistance right before monday close. Tuesday confirmed our idea of a bearish rising wedge that is in play now. Support at 9800, 9500 then a possible swing failure pattern at 9k to run the stops that could make us close to the weekly support at 8750 usd. Chart is here. A close under Monthly Open at 10100 is your trigger for downside continuation .
b/ RSI: Indecisive, on support line. A break of the support would confirm our bearish plan and gives strong momentum to the downside. If we have to face a daily downtrend, lower target an be expected and 7800 usd is possible.
c/ MACD : Under bearish crossover, and crossed the centerline, so under bearish territory. That's look bad to be honest at the moment, let's see on daily close.
4 hour
4 hour:
a/ Market structure: Break of Bullish Market structure because we broke down strongly, breaking the low that created the top. We tagged resistance and got rejected. A close under 10100 is your trigger for downside continuation . Volume is decent and we can expect sellers to step in if we see continuation. Chart is here.
b/ RSI: Broke down the trendline. Look like momentum found some support here.
c/ MACD : Under bearish crossover and looks like headed to bearish territory.
Cheers.
