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Bitcoinshort

BTC DROP LEVELS/ GRADUAL BTC/USD DERIORATION.I ll be brief. Rebounds as per chars are 42.000$ after retest of previous high which needs to start pumping B on the weekly candle expiry. Then as per levels we again and mechanism of the BTC price indicates that this is the end of the bullrun (at least temporary), but B already dropped after tripple top attempt in and overall behavior of the fractal is temporary bullish from 00:00 UTC on weekly. Fractal was formed from 10.000---->>>64750$. We haven't saw 42.000$ retest attempt, we just had a second rebound from 47770$ (47500$ on binance). We haven't saw 30k restest (which many condsider a " base" but, nor 20.000$ isn't retested as well and it will be retested later on (when BTC fails to breach 30.000$ from bottom 25.000$ drop). From now onwards as per fractal movement and overall BIG TIME overbought BTC ( MACD WEEKLY IS SCARY). Drop will be gradial in a form LH from current price (i'd suggest not higher than 55.500$ as safe. (i marked 57211$ as top). Next rebounds B levels will be 57221$ which will be followed by drop towards 42.000$. Then we will se a rebound towrards 52500 and further deep drop towards 30.000$. Then long towards 42000 and further collision through 30.000 and restest of 25k or instant 20.0000$ drop. BTC dominance will decrease over time up to 32-33% (rest will be altcoins). ONCE AGAIN NEXT LONGS ARE : -(47700 ongoing)--->57211 at best -42.000$ -30.000$ -20.000$ (25.000 with s.l./2%) -12.000$ __________________________________ Don't use big leverages (not larger of 4-4,5X at most (since next drop will be nominal 20% plus (57200===>42.000$) B. therefore it would wipe your positions mercifully if you don't follow level mentioned above. Good luck everyone
Short
by milanjelic
38
Bitcoin dropped. Now what? Hello Everyone, Bitcoin dropped. I have been calling for a drop to around $45,000 for a few weeks now. My analysis on every chart has always stated that we needed to pay attention to the waning buying momentum and bearish price action on the monthly, weekly, and daily charts. Now what? Well, I think the first thing we need to do is relax. These moves are healthy and helps the bull market long term. Before you possibly fomo into a trade or you’re looking to enter at a lower price, lets go over some technical analysis. 1. Bitcoin’s 4-hour timeframe is showing a dead cat bounce upwards from the previous drop. This is when bearish price action takes place as price is moving back upwards to retest an area of resistance with volume going down. If you are currently in and looking to exit, I would sell in the Dead Cat Bounce Zone. 2. The day timeframe is showing that we have broken to the downside on the 3 month long Ascending wedge. This could indicate a further move down as the trend has changed. 3. Bitcoin’s weekly chart is showing buying momentum waning and short-term charts are giving this more validity with bearish price action and breaking to the downside of our ascending wedge. 4. Daily MACD is showing increasing selling momentum as Weekly MACD is showing decrease buying momentum. This tells me that there is a high possibility of 1-2 weeks of downward movement. Maybe longer. 5. Daily price action was reflecting bearish and now volume has come in and bitcoin has dipped. This gives more validity to a short term downside. 6. Bitcoin has closed below the 50MA on the daily chart for the first time since October. This suggests that it may continue down to test the 100MA or possibly the 200MA support lines. With all of the bearish things talked about, bitcoin is still in a bull market. Bitcoin has not tested a single weekly moving average when back in 2017 bitcoin danced along the 20 and 50 weekly moving average several times by April. I believe we are overdue for a “bounce” off a weekly moving average, the first being the 20MA which is around $45,000. Bitcoin has also seen 6 green monthly candles in a row. Bitcoin could use a red month or so. In my opinion, I would not consider a buy until we retest $53,000. This would establish a possible double bottom pattern which is bullish and might be a good stronghold for heavier buyers moving forward. My overall price target for buying is $45,000. As always, be patient, have risk management, and good luck trading!
COINBASE:BTCUSDShort
by RomanXIV
4
BTC DOMINANCE GOING EVEN LOWER!?Bitcoins dominance has been on a continuous fall and we are now approaching the 50% dominance level! I think we could see a bit of a hold or bounce here in the short term but i think the continued fall is inevitable, we could see a fall to the 40% and then finally the 35% level. The 35% level was the absolute peak of the 2018 altseason and IMO i think this years going to be a even bigger and better altseason that we are just getting started. It is very impressive to see for the most part bitcoins price has been going opposite to the dominance! We are getting very heavy pushdown from both the EMA ribbons and the ichimoku cloud, the ribbons look like they are starting to open up even more creating more bearish pressure. We are seeing a very bearish cross on the Zero Lag MACD, Our orange has just crossed the blue and the Red MA is starting to come down fast. The histogram has printed a bearish bar and IMO i think we could see this continue for the next several days! My personal opinion for timeline for altseason and aprx from today is 2-3 months. NFA!
CRYPTOCAP:BTC.DShort
by JacobR905
4
Sitting Waiting Sitting and waiting with the cards I am dealt... Good? Bad? IDK I hardly play poker... I feel like the only adult supervising and I am watching what the kids are going to do next because they said to me "Watch this...!" "Humm is that good idea??? Well, if they can climb that high my guess is they should know how to get down"🤷‍♂️ lol EPIC BOOBOO! For who? BITCOIN and ALTs the young hyperactive fledglings at the park that just yelled "Watch this!" Soooo I am watching... What are your thoughts? Is it bad that people like to realize gains say and say things like "Cool! More Dollars now!" Most will answer with an emphatic "YES!!!" LOL Or am I really the only person that's down to pull profit? LOL -No advice just thoughts that I can't shake after the last 5 years in the world of "CRYPTO" ""KEEP CALM AND MANAGE THY RISK!""
INDEX:BTCUSDShort
by BradySWilliams