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Bitcoinshort

Bitcoin heading towards 30000As I mentioned in previous analysis Bitcoin has some support near 40000 Bitcoin respected the support and bounce about 10%. Now in previous trading session it closed below 40000 and stated trading below the same. Based on current price action 30000 level should be target of this fall. Getting any pull back signal near 30000 will be good for long term investment. On the flip side further breakdown below 30000 will crash bitcoin and you will see 20% to 30% correction near future. 30000 level is the key now.
by nmcapital44
(update) Bitcoing ideabitcoin have been bearish since November of past year and kept on printing lower lows , and by breaking the 40k level the price now is in the "bears" zone so I expect it to push down farther toward 293xx level , and if it doesn't hold we will see a bleeding toward 18k levels . there is a possibility of price correction toward 40k level before the bearish continuation . so as long price doesn't break above 40k and sustains I'll be looking to sell only. what do you guys think ? please comment your thought bellow If you like the idea please let a like it will help me a lot , and also check my other ideas on gold and forex and drop a like while you at as well <3 more updates will follow weekly so if you didn't follow me yet make sure to do so to avoid missing any future updates and ideas. have a good one falks till the next time
BShort
by Gol-DTrader
Bitcoin Liquidation Dump Incoming!!! There has been over a billion dollars worth of long positions liquidated over the past week. Leveraging long on the way down is a great way to burn your money and only helps the shorts. STOP DOING IT. That said, I believe Bitcoin will bottom around 20k. An extended flat correction fits the chart almost perfectly. This possibility would set a bottom below the summer low of 30k. Coincidentally, the 200 weekly moving average is lining up exactly at 2017s ATH. (The 200 weekly is where support was found in previous cycles and is where the majority of my limit orders are). Today, the price broke below the greater ascending wedge that has been forming since December of 2020. The chances of this being a fakeout are slim, given the macro environment. US indices have been getting crushed as all eyes rest on this month's FOMC meeting. Longs desperately need mid 30k to hold, but the chances of the bottom being put in via a liquidation event are looking likely. We've seen this playout in 2017, in 2020, and there's a good chance it plays out now. Maybe the Fed is hawkish and Bitcoin does bottom at 20k, maybe they walk back their decisions as to avoid a taper tantrum and the 5th and final wave that takes Bitcoin past 6 figures begins. Whichever way it plays out, be intelligent in your trades. Make your money work for you.
BITFINEX:BTCUSDShort
by SS_NOV
1
Bitcoin: We Hereby Dub You Finished 🗡Bitcoin has been on a long and arduous downward journey for some time already. Now the price has fallen short of the $39672 mark, where it has again affirmed the downward trend. Thus, we dub Bitcoin’s wave (iv) in blue finished and expect the price to go even lower from here. We indeed see it travelling to the $30000 region. Still, there remains a small 20% chance that the price could defy our prognosis and decide to not be ready to end wave (iv) in blue yet. Then, it could rise back up and above its previous high: the $68958 mark.
BITFINEX:BTCUSDShort
by MarketIntel
Bitcoin ShortBulls and bear are fighting over the yellow line on my chart. That yellow line is the 50 fib. Keep it simple: price below that yellow line means bears are in control. Price above that yellow line means bulls are control. Do NOT long in bear territory. Do NOT short in bull territory. This is a close match. I could say I am neutral, but I have a rule. The rule is below the 50 fib bears are in control. Sticking to a set of rules gives us the advantage over a period of time. Make your rules, and stick with them. If they are not working, find ones that will, and stick to those. If/when those stop working, move on to find new ones and stick with those. In other words, have rules, but adapt them to the environment the market is in at the time.
COINBASE:BTCUSDShort
by UnknownUnicorn2239932
7
Technical analysis update: Bitcoin (30th December 2021)Recently a bullish breakout from the pattern resembling falling wedge occurred. However, price halted its rise at 52 098 USD; then price retracted back below the lower bound of the neutral zone. This lower bound continues to gain importance as bearish breakouts and retracements continue to occur along it. We will observe price action near this price level and we will watch out whether price manages to rise back above it or continue its decline. At the moment, we continue to maintain a bearish notion on BTCUSD. We still expect an eventual retest of 41 967 USD price level. Our short-term price target of 42 500 USD for BTCUSD remains in place. Illustration 1.01 Illustration 1.01 shows the hourly chart of BTCUSD. It also shows a pattern resembling a falling wedge. Additionally, this chart exhibits bullish breakout followed by exhaustion and bearish retracement in price. Technical analysis - daily time frame RSI halted its rise slightly above 50 points. After that it reversed its direction to the downside which is bearish. Stochastic also reversed back to the downside and turned bearish. MACD started to flatten and its histogram started to decline. ADX still contains relatively high value but it continues to gradually decline. However, it is possible that ADX may go for a second lower peak (lower than one which was reached on 20th December 2021), especially if selling pressure returns. DM+ and DM- continue to show bearish conditions. Overall, the daily time frame exhibits bearish conditions for BTCUSD. Illustration 1.02 Illustration 1.03 shows the hourly chart of BTCUSD. It also indicates a series of bearish breakouts below the neutral zone. Technical analysis - weekly time frame RSI, MACD and Stochastic continue to develop bearish medium-term structures. Additionally, DM+ and DM- show bearish conditions in the market. However, ADX contains a relatively low value which suggests that the prevailing trend remains neutral. Because of that BTCUSD allows for two possible trade setups with long position being taken above the Resistance 2 (with stop-loss below it) and short position being taken below the Resistance 1 (with stop-loss above it). Illustration 1.03 Illustration 1.03 shows the daily chart of BTCUSD. It also indicates values at some of the recent peaks in BTCUSD. Support and resistance Major support level is at 28 600 USD; major resistance level is at 69 000 USD. Short-term resistance (Resistance 1) is at 48 834 USD, while medium-term resistance (Resistance 2) lies at 52 956 USD. Between these two price levels lies the neutral zone. BTCUSD enters bearish conditions below it and bullish conditions above it. Other resistance levels appear at 59 564 USD and at 64 895 USD. Other support levels can be found at 42 900 USD and at 37 573 USD. Additionally, support level can be also found at recent low of 41 967 USD. Illustration 1.04 In our opinion if BTCUSD breaks below the recent low at 41 967 USD then conditions will dramatically worsen for Bitcoin. However, we are open to reasses our bearish view if price manages to hold within the neutral zone and then break out above it. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
BITSTAMP:BTCUSDShort
by Tradersweekly
18
Bitcoin Short TA : 01.06.22 : $BTCAs we expected, the price break the trading range from the bottom and also lost its important dynamic support. Currently, the first very important support and bearish target is the (Swing Low) price, which is in the range of $ 42,000. Up to $ 42300, if this critical level is broken the next downside targets will be $ 40,000, $ 38,600 and $ 37,700 and if all 3 of these support will be lost , the Potential Reversal Zone (PRZ) could be the of 35,500 $ range ... (This analysis will be updated) Follow our other analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 06.Jan.22 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
COINBASE:BTCUSDShort
by ArmanShabanTrading
11