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Bitcoinsell

Is Bitcoin at a bargain price or a hot potato? I wanted to show another view on some of the key indicators to make sense of the current market / Bitcoin weakness. Bitcoin is just at the 0.618 fib. retracement level on the weekly from the mid-January 2021 lows. That level is very key to hold. Also the 200 day moving average is just about in sight (about 6% or so downwards only). This is THE make or break level. As shown in the prior idea of mine that level does not get violated in a bull cycle. If it would then one can consider the bull market to be done or setting a new precedent (don't forget the statistical observation period of the crypto market is not very long) and will somehow magically recover. After all the hype Elon Musk / Tesla has been causing about Doge and Bitcoin lately with in my view frivolous tweets there appears to be a lot of panic selling going on by new market participants. Long-term HODLer are buying the dip and are enjoying the discount presented to them. In my experience the market and Bitcoin stretches from one extreme to the other and consistently until it hurts. This current pullback hurts a lot. You may notice that the RSI and Stochastic indicators show the market is oversold and a bounce back is imminent. I would not be surprised if Bitcoin will be squeezing the last statistical possibility out of and into the chart and pulls back touching the 200d moving average. If you compare this scenario to prior cycles the chart screams "danger" while at the same time it screams "enough already". The clear expectation to me is that while it may be playing cliffhanger with us Bitcoin is to recover this week and start showing strength again. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
BITFINEX:BTCUSDLong
by CarpeMomentum
BTC got stuck in TRADING RANGE ZONEGreeting from IRAN to whole trading community 💙✔ BITCOIN started an uptrend since early 2021 , and managed to achieve new ATH in 14th April But after that we witness a massive SELL-OFF in BITCOIN which affected whole market Uptrend has broken and price dropped under 50K Bitcoin dominant dropped under 50% as well that was the lowest spot since 2018 After that BULLS came back to the market and rose the price above its major resistance/support level 52K At the moment price got stuck in a trading range zone (Yellow rectangle) Breakout in each side (TOP or BOTTOM) could make us a great opportunity to long or short Price lower than 52K ==> Short Price upper than 58K ==> Long Let see whats happen next , What's your opinion about BTC next movement BEARISH or BULLISH? KEEP IT SIMPLE :)
by nima-mohammadkhani
4
BTC Going down!Hello Traders, here is the full analysis for this pair. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity BTC . I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗
COINBASE:BTCUSDShort
by bojancicimarinkovic
2
Short Signal; Bitcoin is into the descedent triangle: Sell zone In this analysis, Bitcoin has formed a descedent triangle that you can get it in H1 timeframe, so that siganl is so bearish. So, I am go to short position as i knowed, because Bitcoin is formed a higher lower in the lower trend line. Now, in H4 timeframe I detect a strong resistance at above of $11,900 USD, that mean a possible short position because in H1 timeframe I detect a sell, and H4 its formed it a possible sell at $!1,300 USD, because as we are in the high level ,we could see a Bitcoin drop in these level to complete the Elliot Wave # E. Now, we need to be cautelous if Bitcoin break down or break up n this target, because, the highly probability is that Bitcoin is going to make a consolidated above of $10,400 USD and below of $12,000 USD, in these prices ranges.
COINBASE:BTCUSDShort
by harisonhbn9718
2
🐻 Satoshi, Are You Out There?!?! (BTC)🤔 Bitcoin is once again showing very bad signs under that 10k resistance. The bears are driving the permabulls insane!!!! 🤣 Week after week after week we struggled to breach and now you can see that our candles are compressing at resistance, never a good sign! 🚫 I have two early confirmations printing on the ema dots indicator down below. 2 red dots forming, now we just need the 3rd to align with a red candle Crossover. We will get the close on june 14th for the 3 day chart. 🚨 Stay on your toes and on high alert! This could get ugly! 🤢🤮🤢🤮 Best of luck, Don't forget to hit that follow and to smash that like button! ✌😁✌❤❤❤ We will follow up with an update on this post. Have an awesome weekend! 🍺🍺🍺 🥇MLT | MAJOR LEAGUE TRADER
BITSTAMP:BTCUSD
by UnknownUnicorn2319099
Bitcoin heading back down to $8000?I know some traders might be frustrated. Lots of crypto investors are expecting and hoping for a big pump due to halving. However, i am not that optimistic. The chart i shared here is just my ideas. I'm not trading Bitcoin. I don't have any. I'm not saying it's not going to be $10K or $100K. Wht I'm saying is there's high probability for $8000. Feel free to comment or share yours. Disclaimer: This is not a financial or investment advice. Trade safe, Atilla Yurtseven
Short
by AtillaYurtseven
16