With the fed meeting saying that rates will remain unchanged i think this is bullish for the DXY and it goes opposite with btc too, considering that and the fact that we got rejected on 70k with a hard rejection, furthermore we might need to consider additional things. Geo politics can have a great impact on BTC as we have seen how it dipped when iran responded...
The market went up and got rejected from the upper resistance level. Even though we have 100 MA but I don't think it would be enough to hold the price fall because data shows a large number of shorts are ebing opened. If traders believe market gonna go down, it will. Some people will make profit but rest they will get liquidated when the price will take a sudden...
Charts say it all. Upon rejection of head and shoulder, short position can be taken
This Chart makes a lot more sense on the daily because the breakout on daily 1 candle Daily Chart Here: However the rejection and inability to clearly breakout of 41,639 made me want to post this as it could possibly be a fake breakout from the rising wedge on the daily chart. I was positive if it hit 41.6K it sky rocket... but it doesn't look to be that...
Technical Analysis: A pullback is evident in the 2-day chart, indicating a potential further decline. You can view the chart here. The 16-day chart also shows a pullback, which could impact the possibility of reaching the all-time high of $200k (a dream worth chasing!). You can see the chart here. It is advisable to refrain from initiating long positions...
tight range. be careful, dont get too greedy! :P Short Entry Options: 27,922.3 28,076.2 28,230.1 28,383.9 Long Entry Options: 27,648.5 27,535.6 27,422.7 27,309.8
Bitcoin Longs and Shorts - Revised after yesterdays mayhem Short Entry Options: ~26,441 ~26,559 ~26,676 ~26,794 Long Entry Options: ~26,207 ~26,090 ~25,972 ~25,855
Bitcoin Longs and Shorts (for new range). have fun! Potential Long Entry Points: ~26,804.1 ~26,752.1 ~26,695.6 ~25,853.1 Potential Short Entry Points: ~27,448.1 ~27,295.3 ~27,651.7 ~27,011.9 These entry points were derived by analyzing the historical price data you provided and identifying significant levels where the price has shown a reversal or...
Short Entry 1: If the price rises to the 38.2% level (28,468.4) and then starts to fall, this could be a potential short entry point. A stop-loss could be set just above this level, and a take-profit target could be set at the next Fibonacci level down (50% level at 27,924.4). Short Entry 2: If the price rises further to the 23.6% level (29,095.3) and then starts...
Good evening , we are from Ukraine! Will anyone buy at 19,000? Sometimes you win /sometimes you learn . #Bitcoin How do you assess this development?
Expecting BTC to drop to $22,000-$22,500 and then go long. Short term play.
Retes the bottom of this broadening wedge? Price seems to be losing momentum. IMO there's a high likelihood of it coming back down and retesting the bottom trend line.
I analyze daily and weekly timeframe. Here are the list why bitcoin will go down: 1. 100 SMA and 25 SMA is my indicator for reversal. It the recent rally, the 100 SMA and 25 SMA failed to cross for bullish reversal. 2. Support lines are drawn in my chart. It currently breaks the support line in 17.5k-18k area. It is headed for the next support of 14k. If you...
Bitcoin Tether US 2h BINANCE SHORT POSITION... my technical analysis of the continuation of the bitcoin trend
after taking partial profits on my 1st BTC short i moves my stop loss into profits which was triggered when it wicked up, which is why its always smart to take profits along the way and move that stop loss into profits to make it "risk free" After a massive surge up i felt like it wouldnt sustain above the ascending trendline so I jumped in with a larger trade...
Bitcoin doesn't seem good for little time frame. Because of thaht reason, i want to try little short for Btc. But i dont think Bitcoin will break daily low.
Hello Traders At the time of my previous publication it was clear that we were moving lower based on Technical Indicators and some chart patterns. We, have since been GME-d. See my related video update below on how to spot a short squeeze (and what is a short squeeze, why it happens, if you're not familiar). Welcome to crypto, sigh. In order for us to...
The wave count unfortunately has been incredibly choppy on small timeframes however, the trend remains in a convincing downward motion (for the time being). Previously, my assumption was that Wave 3C was still in play but that particular idea has been debunked, thanks to fibonacci/elliott wave invalidation. The clearest and simplest wave count shows that we're...