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Bitcoinshort

WATCH OUT BITCOIN WILL FALL!!Goodmorning Folks, Unfortunately Bitcoin has a high probability of losing some gains in the coming hours/days. I hope I am wrong.. What we see at the 4 hour chart of BTC/USDT is that Bitcoin has rejected resistance 4 times now in the last day or so.. That is not good.. The last 2 candles forming are high wave candles with small bodies that implies indecision in the markets.. We lost direction about which way to go. The positive side here is that we have made a Golden Cross in the moving averages.. A golden cross is a cross in moving averages whereby the shorter moving average crosses above the long term moving average. In the chart is it 50 day MA crossing the 200 day MA. I expect price to fall back to the 1st support area.. To make at least a higher low preceding the earlier decline in price and then to rally back up again and try to fight resistance again. Other possible scenario is that we fall back to the 2nd support line to retest the earlier decline of 26th of July (4 hour chart). For now it can go either way but my feeling says when combining the technicals with the candlesticks it will fall back in price and will retest support areas to gain momentum back and retest the resistance. SO fasten your seatbelts.
Short
by MoneyMakingMuro
BITCOIN: VERY SMALL SHORTBTCUSDT has been on a WILD RIDE lately We have formed a triangle after the recent uptrend, I think we are having a false breakout right now and we are gonna close below this triangle. I'm mostly counting on massive selling pressure from the people that have been underwater for a while (those that bought at above 30K on the previous run. Then some more consolidation before we can move in any direction with some conviction. This is a SHORT TERM SHORT, meaning I don't plan to hold this for much longer, just catch most of the move down... ALWAYS PRACTICE RISK MANAGEMENT, RISK MANAGEMENT IS THE MOST IMPORTANT SKILL A TRADER CAN HAVE
Short
by CryptoEstratega
2
The bitcoin will continue fallingHi everyone! As I spoke in the previous idea, the bitcoin will srednesrochno continue the falling. I indicated in the last idea on the need of short-term correction which in my opinion comes to an end. On the chart it is visible that the price continues to move in a downside channel. After correction from the trend line, the price most likely will continue the movement down to the following support at the level of 22806. Also strong resistance where I placed stop loss on this idea is level 45662. Information provided is only educational and should not be used to take action in the market.
BITSTAMP:BTCUSDShort
by Yuriy_Kuznetsov
4
BTC/USD Today's Movements !!!Bitcoin apparently respected possible support near a bearish channel bottom zone. To think about buying moves, and to be more optimistic, we cannot miss the yellow line, which is between U$ 31,000 and U$ 31,500 In case we lose this important zone, we will spend a few more days in this lateral movement. Or resume the bearish movement. I believed that we would start a sharper downward movement, but with the call together with Elon today, prices were stronger than I expected in your opinion we will make a move like the one plotted in bullish green or bearish red, leave your opinion in the comments. I hope to be able to contribute to the reading of friends and if you have any suggestions below in the comments, we are here to always learn. I'm not the owner of the truth, this is just content based on my rationale. If you want to talk to me, send a message inbox, or click on the footer of this post! Disclaimer: The above comments reflect solely my opinion, this is not a buy or sell recommendation. Just a series of published studies, so that together with the community, we can discuss operational tactics and techniques. CLICK DOWN HERE!
COINBASE:BTCUSD
by leandrosander_
Bitcoin Weak Amidst Regulatory FUD!! Where to Long and Short?Bitcoin is currently weak/bearish, hence the "short" tag. Bitcoin failed to maintain its strength above 31.7K and fell below the 200MAs on the 15Min timeframe. Overall price is whipsawing between 34.3K and 31K, without a clear direction, which makes trading within this range quite tough and dangerous. One pattern that might be emerging is a head and shoulders pattern, which would be bearish if it is confirmed. So far the left shoulder and the head has been formed, with the neckline being at 31.1K. So if price breaks and closes below 31.1K, then the right shoulder would be formed and the head and shoulders would be confirmed, in which case I will be looking to enter a long trade. The 31-31.1K zone could also be a zone to trap bears, so I will also be looking out for a potential false breakdown setup, in which price closes below the support zone followed by a rapid recovery above the support zone. If that happens, then it could be a good long opportunity. Hi guys, this is OG back with another market update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. Check out my daily videos for more in-depth technical analysis and trade setups for Bitcoin, Ethereum, and Altcoins. Why follow? 1. Community of Technical Analysts sharing analysis and trades 2. Live tracking of whale wallet movements 3. Live update of the latest important news 4. Live syncing of popular crypto tweets 5. Ebook covering how to be profitable in the cryptocurrency market As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
Short
by cryptotraderog
12
BITCOIN IN DANGER OF FALLING TO 24K UNLESS BULLS STEP IN SOON!!This idea is labelled short to indicate that the current trend is bearish; this is not a signal to go short right now. Hi guys, this is OG back with another market update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. Bitcoin price action looks very weak the past few days. When Bitcoin finally managed to break above the 200MAs on the 15Min TF, it wasn't able to hold above. As I always say, reversals on larger timeframes start out on smaller timeframes, which is why I also trade smaller timeframes as it can sometimes give great entries. Unfortunately in this case, Bitcoin couldn't even conquer the 15Min TF. Now price is trading again below the 200MAs on the 15Min, and it is now overhead resistance. If price tests the 200MAs, at roughly 32.1K and again struggles to break through, I will be looking to take a short. If it can break through with strength and create some spacing between the price and the 200MAs, then I will start to flip bullish and look for long entries. On the downside, there is support at 31.1K. If price gets to that level and has a false breakout setup, in which price closes below the support and is then followed by a close above the support, then I will look for a potential long entry. I'm not sure which way price will go, but either way I will be ready to trade long or short if the right confirmations are in play. Prepare so that you can act when the time comes. Check out my daily videos for more in-depth technical analysis and trade setups for Bitcoin, Ethereum, and Altcoins. Why follow? 1. Community of Technical Analysts sharing analysis and trades 2. Live tracking of whale wallet movements 3. Live update of the latest important news 4. Live syncing of popular crypto tweets 5. Ebook covering how to be profitable in the cryptocurrency market As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
Short
by cryptotraderog
4
BTC 1H - UPDATE: SHORT!!Following up on the BTC 1H chart - we can see BTC price falling steadily within the overall downtrend since May 19. We now see BTC falling in a downward trend within the overall BTC downtrend. BTC has been trying to make its' move to break above 35K but resistance is too great and with no real volume, BTC cannot pass the 35K for a real run up into the 40, 50, even 60. We won't see these high numbers for some months. We are in a bear market overall. As mentioned in my previous ideas, BTC did bounce out of the downtrend to hit around 34.5K then came right back down inside the downtrend again and now is under 32K. From this price, you can expect a few scenarios to be played out as indicated by the different colors on the chart, but again, if BTC is to break out from the downtrend, it should once again go as high as 35K then should come back down again. There just simply isn't enough volume as well as positive news out there that would enable BTC price to surge higher. SHORT ORDER: 32.2 - 32.5K SL: 32.8 - 33K TP: 30.5k, 29.5k, 28.8k Not financial advice. Good luck.
Short
by cryptoaddictkoh
Bitcoin targeting $33K, and dropping to $32K!!!BITSTAMP:BTCUSD Bitcoin as we know is overall bearish on Higher Time Frames. I mark off my daily balanced-price key-levels and look for support or resistance. Currently we are resisting a key balanced price level, the recent buy trend on the smaller time frames was a run on buyside liquidity to indicate manipulation and accumulation to ultimately distribute to the downside. Price offered 62% premium to sellers and we are currently seeing new orders being placed at $34,500 key level. Price will return back to $33,000 and ultimately drop through to $32,500. Marking off the mirrored ranges on the 1H indicates that this current range is fulfilled and the accumulation is coming to an end. Distribution will begin to unfold, targeting lower prices based on the resistance we are finding within the balanced price range from the daily level. If you notice on the 1H there are bigger mirroring-ranges (red ranges) that total roughly 1955 points each, and smaller mirroring-ranges (blue ranges) that total 1290points each. The current range has been completed at 1955 point roughly, so it is now time to get back in line with institutional order-flow and overall directional bias; thus, distributing back down to lower prices and beginning a new smaller mirroring-range. It is currently Monday morning in China as I right this at 10PM EST, which tells me we will see the Chinese version of NYC volatility tonight given China controls a lot of the bitcoin, "so I have heard at least." With all of this in mind, I am bearish on Bitcoin for a day trade/short term trade back down to $32,500.
BITSTAMP:BTCUSD
0
by UnknownUnicorn10943902
BITCOIN WAITING FOR NEXT BIG MOVE! Long & Short Entries!Bitcoin is in an indecision zone right now and we will need to see how price action evolves to see which direction the price is likely to head. What we can do now is to prepare for the possible scenarios so that we have a plan of action regardless of which way price moves. On the 15Min TF, price has broken above the 200MAs and if price comes back down to test the 200MAs at 33.2 and holds, then I will be looking for a potential long trade. The one thing that I am a bit concerned about is that there isnt a lot of space between the current swing high and the 200MAs. Ideally I would like to see move spacing so that there is more room for price to rally before hitting the first resistance/swing high. On the 1H timeframe, price is actually heading up to test the 200MAs as resistance at 34K. If price gets rejected here, then I will be looking for a potential short. s3.tradingview.com Given that the 15Min and 1H timeframes are giving us potentially opposing signals and could potentially be in the way of any trade entry (ie. 15min support in the way of 1H short or 1H resistance in the way of 15Min long), I would want to see extra strong volume to confirm the move for me to enter a trade. Hi guys, this is OG back with another market update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. Check out my daily videos for more in-depth technical analysis and trade setups for Bitcoin, Ethereum, and Altcoins. Why follow? 1. Community of Technical Analysts sharing analysis and trades 2. Live tracking of whale wallet movements 3. Live update of the latest important news 4. Live syncing of popular crypto tweets 5. Ebook covering how to be profitable in the cryptocurrency market As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
by cryptotraderog
4
Bitcoin Can Trade Below $28000 Again!Hi Traders, I have been bullish in my last few Bitcoin Elliott Wave analysis I published here. However, I'm having an alternative bearish view due to the recent price action. The rally from $28798 low seems to be unfolding as a double zigzag correction. The first zigzag is completed and the second is in the making with its circled wave b unfolding as a triangle. I'm expecting a rally higher to complete the wave (y) zigzag before any reversal. As long as the expected rally stays below black wave 4 high, black wave 5 will consider incomplete and might be unfolding as an ending diagonal. Price should extend lower with series of overlapping wave till it trades below the pink wave (i) @ $28798. What's your view on Bitcoin? Kindly let me know in the comment! Thanks.
BITMEX:XBTShort
by Veejahbee
3
BITCOIN FAKEOUT DUMPED TO SUPPORT: WILL 33.3K HOLD?In yesterday's post, I mentioned that it was important for Bitcoin to break above the 200MAs on the 4H timeframe at 36.3K. Failure to do so would likely result in a dump as price has been rejected multiple times from the 200MAs on the 4H timeframe. Moreover, should this rejection result in a close back within the triangle at 34.8K, then we will likely see further downward price action. Unfortunately, that is exactly what happened, as the breakout above the triangle was a false breakout and bull trap. Fortunately the move was large enough for us to secure profits. This goes to show how important it is to take profits, especially in rangebound conditions where price is likely to ping pong up and down. Now Bitcoin is back within the triangle and testing the bottom of the triangle. Price is getting very close to the apex of the triangle, so there will likely be a breakout sooner rather than later. I'm waiting for price to breakout before entering into a new position. If price breaks below the triangle, then 30K is back in play. If price breaks up again, then 36K is the immediate level that price needs to conquer. Hi guys, this is OG back with another market update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. Check out my daily videos for more in-depth technical analysis and trade setups for Bitcoin, Ethereum, and Altcoins. Why follow? 1. Community of Technical Analysts sharing analysis and trades 2. Live tracking of whale wallet movements 3. Live update of the latest important news 4. Live syncing of popular crypto tweets 5. Ebook covering how to be profitable in the cryptocurrency market As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
by cryptotraderog
4