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Bitcoinshort

BTC keeps collapsing📝💰 Due to the chart, BTC would form three probable patterns: 1. Running Flat 2. Running Triangle 3. Expanded Flat The PRZ zone is the area I've specified by using Fibonacci. So collapsing is certain, but... Running flat and expanded flat have impulse formation but running triangle not (A-B-C formation). Since wave 4 is often a triangle, so A-B-C is more probable. I've also used Ichimoku. A long flat Senkou Span B along with a thick cloud, it's informing us this topic which I can't pass it nowadays. Thus I think it would form wave B which is a upward wave and finally wave C would be formed by passing the cloud and more collapsing is on the way. 💣 In conclusion, I can say just be patience and ready for short positions. 🌐 My website: alibahaari.github.io
Short
by AliBahaari
6
Bitcoin- Yesterday's price action provides a lot of cluesIn my previous 3 or 4 analyzes I said that in order to maintain its bullish trajectory, Bitcoin not only needs to stay above 63-63.5k zone but also needs to decisively break above 66k. Both of these have failed yesterday. BtcUsd has started the week in a bullish tone, and after reversing from 63k, tried to reconquer 66k, and, as we all saw, failed and dropped to 63k support. This support is also broken now and the outlook for Btc is bearish at this moment. From a technical point of view, 66k is now strong resistance and 69 ATH is a major top in my opinion. I expect a drop of at least 15-20% for this crypto and a visit to 52k support in the medium term. I will look to sell rallies against 66k
BITSTAMP:BTCUSDShort
by Mihai_Iacob
13
BTC #BTC 1D Chart - Downward Short termIf BTC Bitcoin price breaks down I can see the 0.382 fib as support area. This also comes in around 50 SMA. I also want to point out on a larger scale a rising wedge in the orange triangle. It is definitely something to pay attention to. Analysis is on 1D chart. HIT THE LIKE AND COMMENT BELOW PLEASE. THANK YOU! CHART ON TRADINGVIEW USING MY AFFILIATE LINK: www.tradingview.com (thank you in advance!) Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
BITFINEX:BTCUSD
by MillionaireEconomics
1
Bitcoin is heading into a short term correction After closer examination, it seems reasonable to assume that the Bitcoin price will go through a short-term correction before a retest of the previous all-time high can take place. At least if past patterns will repeat. Upward sideways movements, where a clear bearish divergence is forming on the MACD and RSI indicators on the 4-hour chart, are typical for Bitcoin. Currently, we have such a move in place and accordingly, it resembles the pattern that the above chart illustrates. So, today we could see another attempt to establish above $58,000 after a smaller countermovement, which should happen now. In this attempt, a kind of double top (3 + 4) would be formed according to the pattern and would result in a larger correction (8-12%). Of course, it should be taken to heart that the movements shown are similar, but never the same. Nevertheless, this comparison makes it clear that a correction is to be expected here soon. I would estimate that this will begin sometime between tonight and tomorrow. Using Fibonacci levels, we can identify some possible price targets for this correction: (1) 0.618-Fibonacci level: $54,200 (~6.8%) (2) 0.500-Fibonacci level: $51,500 (~11.7%) (3) 0.382-Fibonacci level: $48,650 (~16.6%) In this context, price target (2) would fit best into the previous scheme in terms of magnitude. However, price target (1) would be preferred from the price structure, since previous corrections led the price back to the beginning of the sideways movement.
BYBIT:BTCUSD.PShort
by MisterCoinlover
Bitcoin Approaching Key Levels in a Rising Channel!Bitcoin made another rally upwards from the bottom of a wedge that just invalidated the claims of ascending channel and confirmed that the price is moving inside a rising channel. This channel is good as long as broken and the support area of this channel has been tested a couple of times. One easy way to trade this channel is to open a short when the price reaches the top of the channel and open a long when the price touches the bottom of the channel. On the other hand, Bitcoin is approaching a strong Resistance Zone of $57k which is also a 0.786 fib level from the April's high. It is strongly suggested to be very cautious at these levels because we are in a rising channel plus approaching a strong resistance zone, failing to hold will take us to the area marked as strong support zone and maybe below. Also, Bitcoin has been bullish for so long and we've been moving without testing the supports, so it is okay to be prepared for one. Good Read on Rising Channel: patternswizard.com Bitcoin Price: $56,700 Thank You & Good Luck. Give a like and follow :-)
by TychonTrades
3