Bitcoin Short position at 41500?The price of Bitcoin is compressing and could move towards 41500$ if the downward trendline is broken. If this movement is slow and in pullback style, in the range of 41500$, we will wait for the return candlestick pattern for the short position to target of 39000$ and 36500$
whats your idea?
Btc-short
BTCUSD - Global Economic CollapseThe Great Reset Is coming swiftly manage your risk accordingly by exiting every market.
People have been disillusioned that in the event of a black swan BTC will not follow traditional markets yet looking back at March 2020 you will see.
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ETH STILL BEARISH?ETH on the weekly chart is showing some signs of weakness. The trend is still broken and a good amount of selling happened when it popped back above resistance.
IF the trend continues I still see 1700-1900
Let me know what you guys think and visit my profile for more trading ideas!
BTC channel update 11, 1DJust a hunch. There is clear divergence between the Money Flow and price with Money flow increasing strongly and price projects downwards. The daily trend is also moving down from an exhausted level. Looking at the excitement in the market and the market cap strength vs price increasing it seems that BTC is setting up for a short move soon (creating a short term FOMO first). There is clear on chain data that show Whale and Institutional Smart Money are selling.
Have a nice day.
BTC BTCUSDT 44500-47000 retrace zone? (fibonacci) & 47k setupHello everyone,
I am very glad that our bullish plan worked out from the 34-37k BTC zone. The reason for our bullishness was the news available at that time, there was a lot of bullish news incoming and there was actually a lack of bearish news. Therefore the dump towards 30k from that point would have made no sense, since markets were resetting. Ofcourse a fear candle can always happen, but I had the idea that this was already the issue from 34-36k. People simply oversold and we used this bright opportunity back then. I should have gone harder on the long, but we had 2 lines to cross (blue and red one) so it was a dangerous position.
(A good example of this news is the Ukraine / US / Russia situation which is just utter BS. There is no WW3 coming because of that, let's stop making ourselves crazy :-) )
Anyway, BTC is now at the level it is supposed to be in my opinion, which is between 40 to 45k. Comparing it to stockmarkets that makes sense.
Chartwise I am thinking a reset will happen soon, because of the Fibonacci 0.618 level that was crossed before and is now retested too. Experience shows that in these fomo/bullish moments another peak candle might happen AND can cross it actually, before we go down for a correction. And imo this correction can go all the way to 40k because of 2 reasons:
- Psychological resistance crossed, now this psychological support is probably retested soon.. (they work like magnets)
- There is a CME gap at 40600 which could be easily closed.
My sells are done today, i made 20 to 30% profits on many coins past week. Rebuy setups are ready around 37-40k now too. I decided not to open a short here, because this candle can go way further and there is no clear chart to make where it will go exactly. Though I am going to open a short between 47 and 51k , taking this leg super safe.
#BTCUSDT
Entry zone 47000-51000, with entries at the back being a bit bigger.. making our average around 49500 instead of 49000.
Stop 52200 (12%)
Leverage only x3
TP's 45810, 44220, 43320, 42220, 40720, 38560
Ofcourse always with STOPLOSS BREAKEVEN FROM TP1. And tp1 is 25% to make it worth it.
There is unfortunately no way for me to CANCEL the setup in Tradingview if I change my mind, I could call them if situation changes, but I'll probably stick to this plan. The R:R is fine in itself and there is also the head and shoulders pattern idea. (47-51k would make a perfect right shoulder on the current charts)
IN short:
-Sells already done at 44500 level, bringing my cryptowallet from 39% to 32% today. (Heavy sells)
-Rebuys ready 10% lower (40-37k levels, maybe small buys starting at 41500-41000)
-Short ready at higher levels; 47000-51000 with SL 52200.
GL traders
BITCOIN , BTC/USDT 4H
Bitcoin
Bitcoin analysis a few days ago is still valid and the price has continued to fall after hitting its downtrend line at $ 200.39.
Bitcoin is not expected to break the uptrend line and continue the uptrend.
The price floor can still be 31-29 thousand dollars.
📊 #BTCUSD (BTC)
💹 Time Frame : 4H & Daily (Update)
👤 Saeid.Mahbob
📅 02.03.2022
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BTCUSD BEARISH BUTTERFLY Short Opportunity Targets
BITTREX:BTCUSD
There is a potential short opportunity for BTCUSD, we can see that there is a `Bearish Butterfly` forming.
The first target of 35.5 K is inline with 0.618 level of the larger leg up. Breaking that will start a further downfall towards previous lows or even lower.
The bearish butterfly marks the test of the upper trendline for the descending broadening wedge.
If BTCUSD reverses from around 31k it would have another go at the falling trendline before retesting the lower trendline and perhaps break it this time. However even after that it is likely for BTCUSD to retest the upper trend line and form an elongated accumulation area along 38 to 32k before going on its next run.
BTC STRONG 4H REZIST TRENDLINEHello guys!
This has been a crazy week for all competitors in the crypto market. It looks like that we try to break now our major 4H trendline rezistence. Price is being compressed against the trend and I´m gonna take an agressive short position.
I would be very careful now to take a long positions because we can easily fall again to 33-34k area.
- Short entry - (38 350 - 38 490)
- STOPLOSS bottom candle close on 1H tmfr above green trendline - (38500 - 38 650)
Have a successful trading day !