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Bitcoinshort

Bitcoin Bullish Parallel Channel - Bearish in the short termBitcoin has lately experienced a “winding down” of the bullish vibes in the market, so it makes me think it’s the type of feeling you get right before a big move. Because of how the indicators are positioned, and how bullish and cautionless the market currently is, I expect it to dump to new lows. As shown in the chart, we're in a bullish parallel channel, and I expect BTC to dump to the 57k support level, and then retest the ATH at 73k. It also shows two tops, so it can be argued that the current state of the market lies in a double top pattern. Additionally, it seems there is a bear flag pattern formed in which the price currently lies in. Timeline for the dump and the upcoming bottom is about two weeks. Also, not shown in the chart, but Weekly RSI is in an extremely overbought position, which is extremely bearish when looking at the big picture. Candle I expect the retracement to start within the next 48h.
BITSTAMP:BTCUSDShort
by CoinMajesty
11
BTC - Expecting new all-time highs soon Proficient analysis of historical patterns is paramount; failure to glean insights from the past often leads to repeated errors. This axiom holds true not only within the realm of trading but extends to broader facets of life. The narrative unfolds with the breakdown of the descending trend line, after which an ascending triangle is formed followed by a new trend movement After exiting the ascending triangle, we move to the global khai, accumulate stops (consolidation), consolidate above and follow the trend
Long
by truepersonal
5
The whole truth about trading - playing against fateIt is apparent that your interest in trading stems from a desire to transcend the conventional 9 to 6 work regimen or to establish an additional revenue stream for enhanced financial stability. Regardless of the impetus, trading imbues one with a sense of hope—a hope for attaining financial autonomy and catering to the exigencies of one's familial responsibilities. Nevertheless, hope unaccompanied by acumen proves inadequate in the realm of trading. Are you prepared to delve into the intricacies of trading in its entirety? Can you harness the mechanisms of trading to your advantage and prosper therein? Trading is a means of slow enrichment For many, the following assertion may not be warmly received, yet it warrants acknowledgment: Trading serves as a gradual enrichment scheme. While anecdotes exist of traders who commenced with modest capital and ascended to seven-figure balances, such instances are rare. 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You need money to make money from trading One of the most pervasive trading fallacies is the belief that possessing a profitable trading strategy guarantees the potential to amass millions in the market—a notion that has ensnared many traders. While it is feasible to develop a lucrative strategy, its profitability alone does not guarantee the attainment of vast wealth. Why? Because the magnitude of your initial deposit plays a pivotal role. Consider this scenario: Suppose you possess a trading strategy yielding a 20% annual return. With an account balance of $1,000, your potential earnings amount to $200 per year. With $10,000, your potential earnings escalate to $2,000 annually. Scaling up further, with a $1 million account, potential earnings soar to $200,000 per year. This illustrates that while a trading strategy is undeniably significant, it represents only one facet of the equation. Equally crucial is the size of your trading account. This elucidates why hedge funds attract vast sums—often in the millions, if not billions of dollars—since substantial capital is indispensable for maximizing returns from trading endeavors. Trading is one of the worst ways to earn a regular income Trading is often sought out by individuals seeking an alternative income stream, aiming to liberate themselves from the confines of a conventional 9 to 6 job in pursuit of pursuing their passions. However, it is crucial to confront a sobering reality: trading stands as one of the least reliable avenues for securing a consistent income. Why? The dynamics of financial markets are inherently mercurial. A strategy that yields profits one week may falter the next. This isn't to suggest that such strategies become entirely obsolete, but rather that market conditions necessitate adaptability. Realigning a strategy to suit evolving market dynamics demands time—a commodity not readily available in the fast-paced world of trading. 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Today, my repertoire encompasses multiple trading strategies across various markets. This diversified approach has engendered a more consistent capital curve, enhancing my overall returns. The pivotal lesson gleaned from this experience is clear: achieving profitability in trading does not signify the culmination of one's learning curve. On the contrary, ongoing education and exploration of the markets remain imperative for sustained success. How do you become a successful trader when all the odds are against you? Embrace Existing Solutions: Attempting to forge your own path in trading can prove both time-consuming and costly. Instead, seek out established trading algorithms equipped with tested and proven trading rules. Consider investing in algorithms like mine, which come backed by historical testing results. Maintain Financial Stability: Relying solely on trading for income places undue psychological pressure on yourself. 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Education
by truepersonal
3
BTC Local top Head and Shoulder and RSI Divergence Well. It looks like Batman is poking its head on the RSI.... We have a very clear Head and Shoulders on the RSI....But not actually shown on price action. Predictive Sabers is pressing / punching sell. Liquidity Grab on 1 an 2 hr time frame has also been triggered. Sell signal and short signal have printed on multiple other algos and there is some Bearish divergence on the price vs rsi..... I'm going short now via 68K through 72K and ladder up the short.... I think its time for that final correction before the halvening. Am I right or am I wrong....only time will tell
BITSTAMP:BTCUSDShort
by BlockchainBreakdown
1
📈Bitcoin Next Stage 75K? / Trading setups (Updates soon)📉BINANCE:BTCUSDT COINBASE:BTCUSD Hello dear traders. A few hours ago, before I left the Bitcoin analysis chart. I drew two bullish and bearish scenarios for Bitcoin. Despite being late for a valid entry, I still think Bitcoin will go near the $75,000 level before the price correction. However, in the current situation, Bitcoin should not go back below the pitchfork nearest line (blue line). A bearish scenario could happen sooner if Bitcoin returns below the indicated blue line. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾
Long
by CrazyS
BTC Downside Risk and Bearish Trend for the Next 7 Days 🌧️The cryptocurrency trend was sharply negative over the past 24 hours, as the latest US macro data signal further reasons to delay the long-awaited rate cuts. After reaching another all-time high (ATH) on Thursday, Bitcoin fell below the $68,000 threshold for the first time since March 8. Investor sentiment dipped on the news, dragging down both stocks and cryptocurrencies. Bearish clouds have swept over the global crypto market. The negative trend will persist for the next 24 hours and week, signaling downside risks for Bitcoin, Ether and most other tokens covered by ATTMO. Only Avalanche and Polkadot are set to profit from a bullish sun and upside potential in the next 24 hours, before the bearish clouds reach them as well. Follow us for more crypto news and weather reports!
BITSTAMP:BTCUSDShort
by ATTMO
COIN - Reckoning Incoming?COIN has been on an epic run. What goes up must come down as they say... but Bitcoin is at 73k tho bro. Just think of all the people who bought when it was at ~$50. A lot of institutional investment decided they were not going to miss out crypto this cycle and anticipated the run up. They are definitely going to take profits now that they are up almost 400% and they are also going to make sure to take advantage of the recent upsurge in retail interest and start selling into the momentum.
NASDAQ:COINShort
by Goontata84
9
Bitcoin Has Reached Its Peak: Consolidation Above $60K Required Based on technical analysis and the application of Fibonacci slope/angle techniques, Bitcoin appears to have reached a temporary peak at $70,000. The Fibonacci sequence, a set of numbers where each number is the sum of the two preceding ones, is often applied in trading to identify potential support and resistance levels, as well as trend reversals. When translating these concepts into angles or slopes on a price chart, analysts can predict areas where price momentum may stall or reverse. For Bitcoin, the climb to $70,000 has aligned with a critical Fibonacci angle, suggesting that this level may serve as a temporary cap on its price momentum. To sustain its upward trajectory, Bitcoin now requires a period of consolidation, particularly above the $60,000 mark. This consolidation phase is crucial for building a strong support base that could enable Bitcoin to launch its next leg upwards. Without establishing solid support above $60,000, Bitcoin's path to higher levels may be fraught with volatility and potential pullbacks. Investors and traders closely monitoring these Fibonacci indicators will be looking for signs of consolidation as a key factor in assessing Bitcoin's ability to continue its ascent in the near future.
COINBASE:BTCUSDShort
by uoi2020
7
BTC LOCAL ANALYSISAn “OB” appeared before the ATH, indicating a noticeable reaction in that range. This involves deliberately containing further price movement, which is likely to lead to the accumulation of significant bullish positions for subsequent dumping in the opposite direction. In this range, potential entry points can be searched based on confirmations from 15m ltf I am inclined towards a more possible scenario, this is a correction to the initial FVG target in the range of 58120 to 57000 , which reflects the current decline of about 15%! The BTC distribution process is expected to take several days to allow liquidity to accumulate.
Short
by truepersonal
Bitcoin 💵:Navigating the Perils of Market SpeculationThe Temptation of the Bitcoin Mirage Ladies and gentlemen, In the vast and volatile landscape of financial markets, one phenomenon has captured the imagination of investors and speculators alike: Bitcoin. The allure of quick riches and the promise of a decentralized future have propelled this digital currency to unprecedented heights. However, amidst the fervor and frenzy, it's imperative to recognize the inherent dangers lurking beneath the surface. The meteoric rise of Bitcoin has been nothing short of astounding, but history has taught us that what goes up must eventually come down. The danger lies not only in the potential for astronomical gains, but also in the very real risk of catastrophic losses. Market speculation, fueled by greed and fueled by fear, has the power to distort reality and lead to irrational exuberance. We've witnessed the wild fluctuations of Bitcoin, soaring to dizzying heights one moment, only to plummet to earth-shattering lows the next. This rollercoaster ride is not for the faint of heart, and those who dare to participate must tread carefully. The allure of quick profits can blind even the most seasoned investor to the fundamental principles of prudent financial management. It's easy to get caught up in the hype, to chase the next big thing without fully understanding the risks involved. But make no mistake, the danger is very real, and the consequences can be devastating. As we navigate these treacherous waters, it's essential to exercise caution and restraint. We must resist the urge to succumb to the herd mentality, to follow the crowd blindly into the abyss. Instead, we must approach the market with a healthy dose of skepticism and a keen awareness of the risks at hand. Bitcoin may indeed hold the promise of a decentralized future, but it also embodies the dangers of unchecked speculation and market volatility. The road ahead is fraught with peril, but with careful navigation and prudent decision-making, we can steer clear of the pitfalls and emerge stronger on the other side. In conclusion, let us not be seduced by the siren song of easy riches, but rather, let us approach the market with humility and foresight. The dangers are real, but so too are the opportunities for those who dare to tread carefully. Thank you.
BITSTAMP:BTCUSDShort
by TrojanBible
Bitcoin available scenarios 💹 © Alt-Season®🎉For me , there are two scenarios ahead of Bitcoin 1️⃣ The price will reach a new ATH and start falling from a level that only the market maker knows (Diamond) , which after the new ATH, we should look for signs of falling in lower time frames. 2️⃣ The price should be rejected from this QM level (the level in which it is located), which is necessary for Bitcoin to be sidelined for at least a month or two to clear the market maker's purchases. 📌 Fail Analysis: price goes to higher levels ( more than three-month candle ATR) without any consolidation 🥂 Still enjoy the alt season at this level
Short
by forexvid
I Can't Believe It. I've Gone Short on Bitcoin!Traders, True to form, though I rarely do this anymore, I’ve gone short on Bitcoin. My entry was immediate after hitting that resistance level at $60500 which I discussed in the last post. Target will be $48,300 Stop out will be about $63,000 RRR is nearly 5/1 I am confident here so I’ve risked nearly 50% of the trading portfolio. But I will definitely be taking profits at every level (see chart above) along the way. Best, Stew
INDEX:BTCUSDShort
by stewdamus
5
Correction on BTC soonFor the larger Fibonacci retracement, the key levels appear to be 0.382 ($42,908.91), 0.5 ($39,779.67), and 0.618 ($36,650.43). These levels are derived from a significant swing low to a significant swing high, often used to predict the extent of a retracement after a market move. The smaller Fibonacci retracement levels are not explicitly labeled but are likely drawn from a more recent and minor swing high and low, which traders might use for short-term trading opportunities or to fine-tune entries and exits. The candlestick patterns indicate a consolidation phase after a strong uptrend. The latest candles have shorter bodies with long wicks on both ends, suggesting indecision in the market. This type of price action can often precede a reversal or a continuation of the trend, depending on subsequent candle formations and supporting volume.The presence of the long wick candles at the top of an uptrend may suggest a potential for price reversal, often referred to as 'shooting stars' in candlestick terminology. However, without clear bearish confirmation following these candles, it is not a definitive indication. The liquidity zones marked suggest areas where traders expect price to react. The upper liquidity zone is likely an area where traders anticipate sell orders might be clustered, and the lower liquidity zone suggests an area where there may be a concentration of buy orders.
COINBASE:BTCUSDShort
by BitcoinAtreides
Bitcoin can drop to 49694 USDBTC 1D chart presents two sets of Fibonacci retracement levels. The thicker lines correspond to the broader price range, with the key 0.618 Fibonacci level situated around $50,800. Potential further supports are at the 1.272 and 1.414 Fibonacci extension levels, which lie around $49,300 and $49,100 respectively. The thinner lines represent a shorter price range, mapping out an ABC correction structure where wave A is the initial downward move, B is a retracement, and a potential wave C could bring the price down to the 1.618 level near $49,694 if the current consolidation resolves to the downside. Price is currently hovering around the 0.382 level of the shorter Fibonacci range at approximately $51,100, suggesting this area as a current resistance. A breakthrough this level could lead to tests of higher resistance levels. The RSI is below the 50 mark, indicating bearish momentum, and the MACD is under the zero line, confirming the negative momentum. Monitoring price behavior at these levels will help assess the strength of the bearish trend and potential subsequent price movements.
Short
by CryptoDiabloo
BITCOIN - 4h breakdown Update to Weekly Outlook 20/02/24'Hello everyone, just a quick update to Yesterday Weekly outlook.. 4h Idea Breakdown chart: Reasons WHY Short in next 0 to 48 hours: 1 - is Lower Close then 2 2 - is Highier Close then 3, BUT it have Lower Candle High 3 - have Lower Close then 2 and Last Green Candle, BUT in the same time have Highier Candle High __________________________________________________ These are Reasons WHY I believe we are about to Short in next 0-36(48) hours at least & WHY I was yesterday slightly more bearish then bullish, but since it developed as it did, it gave me more confirmation and confidence that we are about to go Lower (Short market). Aswell, if you decide to take a trade, DONT FORGET TO USE STOP LOSS, for your own good. Hopefully, this helps some of you with your perception of market. If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks Joe
INDEX:BTCUSDShort
by cryptocapitaltrading
Bitcoin With the Expected Pullback but How Far?Bitcoin has given us our expected pullback and now we must look at the support side to study which supports will hold price and for how long?The first option, as of this post, is that the pullback will only last till Tuesday (U.S. stock markets are closed Monday) and then the buyers come back via BTC ETFs. If this is the case, it may also mean that our RED ascending trendline, which currently sits at around 50,300, may hold. If our RED ascending TL holds, there is a likelihood we go to 56k before more pullback. Our second scenario is that the TL breaks and we drop to 48k before more buyers jump in. This is my hope because it represents the best technical options. I’d like to see a retest and hold of our 48k price level. And if we hold, I see the upward longer-term trend continuing for some time.Of course, we could always break 48k support. This is our third scenario. If 48k support breaks, we do have a lot of support underneath us and I don’t see us dropping much below 42k before demand kicks back in. Remember, ETFs are currently demanding 12x+ more than BTC miners can provide. This is on a liquidity ratio of 1 to 4, meaning that something like less than 25% of all Bitcoin in current circulation is even available for trading. Simple math here suggests a near impossibility to drop to 20k or lower again as some analysts are suggesting. Even 31.6k, as I had previously suggested (this was before ETFs were actually confirmed and approved) is now somewhat of a bygone dream. But with current U.S. geo-political policy as disastrous, devastating, disgusting, and destructive as it currently is, it remains a possibility. Anything that brings the price to that level will almost certainly be news-driven at that point in my opinion. Other indicators that we must consider are the strength of the U.S. dollar and the status of the U.S. stock markets. The dollar (below) continues its rise in strength to that 105.6 target level as predicted many months ago. Once achieved, back down we’ll go. Dollar weakness is almost always reflected in market price which then trickles over into our crypto space. But even more so does this last part ring true with the advent of BTC ETFs in the space. If the dollar does as I have expected and drops once it hits or nears that 105.6 resistance level, the meltup that I predicted a year and a half ago now, will continue onwards and upwards to even greater highs. Many markets and indices have already achieved all-time highs. This melt-up should continue into mid-late summer. But somewhere before September you can expect it all to end and come crashing down. Bitcoin would then follow at that point but from what price level and to what extent is yet obviously unknown. I do believe Bitcoin reaches at least 80k by mid-late summer. Any sort of crash from that point could bring us quickly back down to 48k or lower. But, I don’t want to speculate price action too dogmatically that far into the future. What I am fairly sure of is a blow-off top (already happening in U.S. stock markets) and then a fairly severe pullback (potential crash) sometime around or before September of this year. This is what I am attempting to prepare myself and those who follow me for. Now lastly, in terms of my current trades, I have taken profits on most and been stopped out of others at or just above break even. I mainly did a just-above-break-even SL for psychological benefit as it shows green on my spreadsheet (insert smiley emoji). Once I have ascertained to a greater degree where this current pullback will find support, I will begin looking for new entries again.
INDEX:BTCUSDLong
by stewdamus