Bitcoin-short
Testing Resistance now. if we dont break we might retest SupportIt seems like we are testing resistance levels now and if we dont break through we might fall back down and retest support at 7500. if we break the support we have one more support until we have completed our short term 30% correction. Let me know your thoughts.
Bitcoin to $2,000 Money laundering, non kyc exchanges, unregistered securities, unbacked stable coins, unscalable tech, pump and dumps, hacks, euphoria. It's over fellas, regulations are around the corner. Feds want your name, address, photo I.D., tax identification number,selfie, trade history, I.P. address, and ICO's registered with the S.E.C. F.B.I. NOBODY MOVES!!
Don't let the exchanges or elites take your wealth away. Cash out.
The trade war is not over v2. BTC $5500 by year endThis serves as a supplement to:
-US-China-trade-war-is-not-over-Bitcoin-will-pay-the-price/
Now includes Direction Trend Index DTI, Squeeze Momentum Indicator (overlapped with short & long timeframes) WT Cross BTCUSDT and Chandel Momentum Indicator.
Bitcoin does not act in isolation from the world economies, fact. There are times that Bitcoin movement is inconsistent with world markets but in general, a bull market in world economies contributes to a bull market in the crypto-currency space.
This is especially true for the Chinese economy who were responsible for >80% of Bitcoins trade volume prior to its ban in December 2017. Please note this aligns with the start of Bitcoins economic collapse. Likewise, the Bitcoin market recovery starting Jan 2018 is aligned with the Trump Xi trade war truce that saw the S&P500 and China A50 markets surge.
I believe these two world markets are due a correction and that this will contribute to the Bitcoin bear market. Please refer to a previously proposed short on United States S&P500 and China A50 .
The-Trade-War-Is-Not-Over/
Bitcoin Bearish For June 2019 - Crash Incoming.Over the last couple of months, Bitcoin has had amazing growth, up over 120%.
I think there will be a strong correction around the middle of June, around the time when the CME Futures Expire (June 18th)
Make sure to watch carefully and see if Bitcoin breaks below the wedge. I have shorts open from 9.2k but will stack up more if we break below the wedge early.
Good Luck guys! :)
Bitcoin: Hourly Bear FlagBitcoin has increasing price with decreasing volume on it's attempt to recover from that bear move... Not what the bulls want to see, I see this next target somewhere around $7,750
This will kick off bearish divergence on the daily, 2 day and 3 day time frame whose indicators are already starting to turn over... I will post that in a separate article.
Coin Savvy, signing off. Enjoy your night, enjoy the charts, and respect the technical analysis.
BTC How low will she go?I show a chart of a potential busted ascending triangle on the daily scale. The ascending triangle is outlined with Blue trend lines. Price pierces the top trendline at (A) and confirms the chart pattern with an upward breakout. However, price does not rise far before it reverses. If price closes below the bottom of the triangle, which occurs at B, it busts the upward breakout. If price continues to move lower by at least 10%, then the chart pattern becomes a single busted ascending triangle.
For a single bust, look for:
1) Pre-trial - Daily candle closing below breakout (A)
2) Confirmation - Price then closes below the bottom of the ascending triangle (B)
3) Price continues moving in the new direction by at least 10%.
4) Price bleeds towards target range (5600 - 6100) for strong reversal
5) Buy the bounce
Notes - Timeline will likely deviate from lines drawn.
**DISCLAIMER** - Rookie Trader, Not Advice. Published for personal notes/journaling
DROPIFYNYSE:SHOP can realistically fall by half in 75 days. I am thinking 75 days because it's average "drop" time is half it's "gain" time---also technically it is looking like a top after running up over 150% in 5 months. Inspiration for this is NVDA. NVDA dropped approx. 55% in 50 days last year. I previously called the NVDA tank.
The FUNDAMENTAL reason why I believe SHOP is going to fall is Price to Sales. It is trading at 40x sales which is complete insanity. Facebook would be the prime buyer of this company but at $40B it definitely is not worth it.
By the first week of August SHOP is $135
For the big risk takers out there--19 JUL 19(51 days) puts at 165 / 200 / 220--can yield handsome returns. Risk:Reward is pretty stupid. Buying 1 contract each is 22x money on average and the capital risk is approx. $850. IF NYSE:SHOP tumbles by the anticipated 50% then the reward is $19,000.
May sound lunatic but it is completely possible and has happened in the past multiple times with stocks multiple times. Again, NVDA dropped approx. 55% in 50 days last year.
**This post is not advice just me having an idea and running with it**
SHORT- BTC - Trade Opportunity#XBTUSD Short/Hedge - We believe that a "Bart" is coming to fill the CME gap and to retest the top of the ascending triangle. For us the stops will be taken first before a dump, better to be prepared, going to short with 2 layers:
ENTRY: 8888, 8957
1st TP: @ 8406 (5.80%)
2nd TP: @ 8232 (7.75%)
Stop loss: @ 9051 (1.44%)
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Bitcoin is TOP in ? (Looks like reversal is coming No. 2)Hello dear followers,traders and newcomers nor bulls and bears.
In this TA I would like to show you mid/long term follow up of bear / bull divergences as well as share a opinion on current local top because of many factors and indicators
You can see Bear divergence at the ATH (Indicators going down in overbought area & price going still up)
Previously you could see bull div near very strong support (Indicators going up in oversold area & price still down)
Now you can see bearish divergence forming in very high RSI range as well.
WARNING !! This might not be exact top yet !! This parabola could lead to 10-11,5K !!
But my thoughts are we are topping and we will head back to approx. 5K range to test that red line from ATH causing resistance if it can stay as support now in approx. 2months then sideways till November before going higher.
** This is not financial advice, so always trade on your own risk and do your own research first before putting your money in and risking them **
Bitcoin is in a tightening range (triangle formation)Ciao Traders,
As highlighted in the chart bitcoin is in a triangle formation which is a continuation pattern of the downhill seen yesterday, but coution and stop loss is a must since bitcoin has often proven of not caring about chart patterns.
On a larger scale H&S formation which is bearish as well.
I would short about 7400/7500 USD with a tight stop loss because a push to the upside can easily lead us again above 8k levels.
Not financial advise, just keep in mind these 2 trendlines in 30 min and 1 hour chart and follow the trend.