#BTCUSD - 30% Long has Finally Closed. Where's this Short Going?Well well well... What a month it's been for #Bitcoin. We've seen some huge gains and managed to net 30% ourselves with a #BTC long. Now we've got a Short signal from CTv2.
We can see a few defined areas where the price may be heading next if this Sell signal shows promise - the most likely scenario is Bulls are still prevalent and the price might only drop to the nearest level of support, around 10%, still a very nice Short trade to make!
The other option would create a pretty clear Head & Shoulders pattern and would mean #BITCOIN price reverts to previous levels down at around 16k - this would make for 20% profits or more!
If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
Bitcoinshort
Bitcoin going for a bloody ride In this video we analyse bitcoin candlestick patterns as well as movement and liquidation which it all indicates we are going to print out some big red candles soon
there could be 3 possibilities which I discussed about each briefly.
Liquidation is to the top side showing a possible of a new extreme to the topside before major move to the downside
Hope you guys enjoy the video
Who are the most influential crypto personalities? The cryptocurrency market is largely decentralized, in theory, meaning that no single entity or group controls it. However, there are many individuals and organizations in the market that have significant influence and followers, who they can use to manipulate cryptocurrency prices. Some of the most prominent crypto influencers include:
Vitalik Buterin: Vitalik Buterin, co-founder of Ethereum, has the ability to impact daily cryptocurrency prices, particularly Ethereum. His opinions and statements about the development and future of Ethereum and the broader crypto market can influence traders' and investors' sentiment and thus, affect the demand and price of Ethereum and other cryptocurrencies.
For example, on June 17th, 2021, Buterin tweeted about the high transaction fees on the Ethereum network and the need for a scaling solution. This caused a stir in the crypto community and resulted in a drop in Ethereum's price. His comments reflected the growing frustration among Ethereum users and developers over the network's scalability challenges.
Elon Musk: As the CEO of Tesla and SpaceX and one of the world's wealthiest individuals, Elon Musk is a highly influential figure, and his statements and actions related to cryptocurrencies generate a lot of interest and attention. One notable example of Elon Musk's impact on the crypto market occurred on February 8th, 2021, when he tweeted, "Just bought some Bitcoin," along with a broken heart emoji. This tweet caused a surge in Bitcoin's price, with the cryptocurrency rising by up to 20% in the hours following the tweet. The market's reaction to Musk's tweet demonstrates the influence that well-known figures can have on traders' and investors' sentiment in the cryptocurrency market.
Changpeng Zhao (CZ): As the CEO of one of the largest and most influential crypto exchanges, CZ's opinions and actions regarding cryptocurrencies generate a lot of interest and attention. He has a large following on social media, where he often shares his thoughts on the crypto market and the future of Binance. For example, on May 7th, 2021, CZ tweeted about Dogecoin, expressing support for the meme-inspired cryptocurrency. This caused a surge in Dogecoin's price, with the cryptocurrency rising by up to 25% in the hours after the tweet was sent.
Jack Dorsey: As the former CEO of Twitter and current CEO of Square, Dorsey's statements and actions related to cryptocurrencies generate interest and attention from the media and the public, sometimes affecting certain cryptocurrency prices. For instance, in 2021, Dorsey announced that he had bought Bitcoin and was a fan of the cryptocurrency, which resulted in a positive reaction in the market and a surge in Bitcoin's price. Additionally, his company Square has invested a significant amount in Bitcoin and supports buying and selling Bitcoin through its Cash App, which has helped increase the visibility and adoption of cryptocurrencies.
Michael Saylor: Saylor is the CEO of MicroStrategy, a publicly traded company, and has become a prominent figure in the crypto community due to his company's investments and public statements on the subject. One example of Saylor's impact on the cryptocurrency market occurred in August 2021, when he spoke at a virtual conference about MicroStrategy's investments in Bitcoin. During his speech, he praised Bitcoin as a "superior store of value" and encouraged other companies to follow MicroStrategy's lead. This received widespread attention in the crypto community and helped boost investor confidence in Bitcoin. As the CEO of a publicly traded company with significant investments in Bitcoin, Saylor's opinions and statements carry significant weight and can have a significant impact on market sentiment.
These are just a few examples of popular crypto influencers; there are many more individuals and organizations
These are just a few examples of popular crypto influencers, there are many more individuals and organizations that have a significant following and influence in the crypto market. It's important to note that these influencers' opinions and predictions may not always be accurate and should not be used as a sole source of information when making investment decisions.
Additionally, there are also large organizations that hold a significant amount of cryptocurrency, such as investment funds, hedge funds, and mining pools that can affect the market through their buying and selling activities.
It's important to keep in mind that the crypto market is highly speculative and decentralized, which makes it hard to pin down who are the actual personalities that control the market. Additionally, the crypto market is highly influenced by market sentiment, government regulations, and overall adoption.
Shorting BTC at ≥$22,600BINANCE:BTCBUSD
Dear fellow traders,
I have analyzed the current market conditions surrounding Bitcoin and have come to the conclusion that we are likely to see a further decline in the 1hr time frame.
Firstly, let's take a look at the recent price action. As we know, Bitcoin has experienced a decline from $23,013 to $22,350 and has formed a bearish pattern. Furthermore, it has failed to break the crucial resistance level at $22,700. This is a clear indication that the bears are in control of the market and that we are likely to see a further decline.
Next, let's examine the fibonacci retracement levels. As illustrated in the chart, we can see that Bitcoin has been rejected multiple times in the golden zone. This is a strong signal that the price is going to dump hard and we can expect to see a significant drop in the near future.
We should also keep an eye on the key levels for long position liquidation, which are $22593 (100x Long) and $22371 (50x Long). If both of these levels are reached, it will likely push the price down to around $22,500.
Taking all of this information into consideration, I have decided to short Bitcoin at ≥$22,600. My profit targets, based on the fib retracement, are:
$22,350
$22,096
$21,940
$21,227
It is important to always have a stop loss in place to minimize any potential losses. In this case, I have set my stop loss at $22,800.
In conclusion, I believe that the technical analysis and market conditions are pointing towards a further decline in the price of Bitcoin. By shorting the market at ≥ $22,600 and having well-defined profit targets and stop loss levels, we can take advantage of this opportunity and potentially reap significant rewards.
As always, it is important to keep in mind that trading involves risk and always make informed decisions based on thorough research and analysis.
BITCOIN Ridin' C WaveBreaking down passed a key support has a strong potential to continue down and complete a C wave.
Taking into account volatility, a possible entry for a SHORT POSITION can be ~$150-$200 below the LL.
TP1 : SUPPLY/ DEMAND zone on the DAILY chart.
TP2 : SUPPLY / DEMAND zone on the 1 HOUR chart.
** not financial advice** Just my take on things.
Let me know what you think.
Bitcoin Short Opportunity 20230208, neckline is to be testedSignal: Green -> Red
About to Break Neckline, need to be tested
BTC , BTCUSD , BTCUSDT , BTCUSDTPERP , BTCBUSDPERP , BITCOIN , CRYPTO, CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
24200USD Was The Top, Here's whyI've been bearish on Bitcoin since 22500USD. Now that the price is breaking through structure, I'm convinced that Bitcoin has reached its local high.
Why is the top in? The price went up for 34 days, which on average is half of a whole Bitcoin daily cycle. If we're lucky, the top will fall in the right half of the cycle, but this is too early to tell. We must wait until the end of February.
Secondly, we're seeing a daily bearish divergence on the rsi. This also happened at the first top at 65k.
Lastly, If you zoom into the hourly chart, youi'll notice that Bitcoin broke out of its rising channel, which is the structure i talked about in the first paragraph.
BTCUSD next move incoming strong retest of a 4hr order block which was needed that ob was from aug 14th and we also had trend line liquidity "tll" if we get a lower high and this low breaks we can see a nice move down which my point of control is 23000 which is that yellow line price breaks that we can see a nice fall like gold just did this past week which would put btc around 21k before the next leg up
now the next order block area is from jun 22nd last year b4 the nice crypto dip and i believe its going to test that around the end of the month but this pull back is needed due to the fact gold and dxy just recently did it this past week
BTC at the edge of SURPRISEthere's simultaneously two different situations in way:
1- a strong resistance (red line) that might lead to a big drop
2- a very unstable area with no previous trading volume that might lead to a spike
it's too risky to open short positions with no stop loss or with high margin
⬇️BTCUSD may be ready for the leg down⬇️Yes, BTC has broken one structural level, however based on overall bearish context from weekly, I'm still seeing it as a redistribution before the leg down. Please check linked ideas for more context
📉 Text marks:
🔹 IL = impulse leg. Inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF, as it’s own IL.
🔹 ph, pl = protected high or low, which holds current structural impulse.
🔹 bos = break of structure . Based on candle body close below/above previous structural impulse.
🔹 rsz, rdz = refined supply and demand zones. Specific areas to look for LTF confirmations. They are manipulative up-moves before real down moves, or vice versa. Strong hands (the Composite Man, as Wyckoff called it) often come back to such zones to close their manipulative orders at breakeven, before pushing prices further. If body closes outside of the zone, in most cases it will mean the cancellation of the setup.
🔹 if ltf confirms = entry only if there's a shift of structure on lower TF inside of rsz or rdz, or any other type of backtested and approved confirmation.
🔹 liq target = liquidity target: next profit taking levels for strong hands, our main targets based on current price action.
☝️Disclaimer: ALL ideas here are for EDUCATIONAL and MARKETING purposes only, not a financial advice, NOT A SIGNAL. I share my view on the market and search for like-minded traders. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as trading in a simulated environment.
👉I believe that "right or wrong" mentality is a fundamental flaw of any beginner. In reality, a trader is right only when he executes the system and follows his rules, and he's wrong only when he's taking random setups. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live, then refine until perfection.
🚀Thanks for your BOOSTS and support🚀
💬Send your comments and questions below, share your ideas and charts, I'll be glad to talk to you💬
BTCEUR 'D' - One Level of Support left Before 30% Cliff EdgeHey guys - There's a few things going on here:
We've got a strong Sell signal from Crypto Tipster v2, combined with a descending trend line which the price has touched quite a few times historically and rebounded on the downside each time so far.
This combined with several layers of resistance above and only one (albeit quite strong) level of support on the underside could mean the potential for a further fall in Bitcoin price.
Seems unlikely, or at least unwanted - but the reality is if this level of support gets broken, there's not to stop the price free-falling 30% or more to around the $10,000 mark. Let's all keep watch on this one!
What do you guys think?
Selling BTC Into current swing highs.Bitcoin - 24h expiry - We look to Sell at 16849 (stop at 17051)
Daily signals are bearish.
20 1day EMA is at 16788.
Trading volume is increasing.
We look for a temporary move higher.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
16900 continues to hold back the bulls.
Our profit targets will be 16343 and 16243
Resistance: 16600 / 16750 / 16850
Support: 16500 / 16420 / 16300
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Mid term falling down continues
According to what it is shown in BTCUSDT chart, we see double top pattern which its maximum classical bottom is around 10K and fibonacci level 38.2% around 10K, also and finally a very strong support and demand block around 10K.
So we should see continues falling down to 10K for next 4 to 6 months at least!!!