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Btc-short

Bitcoin short - target $39,200I’ve removed the wicks from the hourly chart because it’s easier to spot what is happening when they are removed. Notice the symmetrical triangle pattern on the chart, which is also a bearish pennant. Bearish pennants are bearish price action patterns that help traders identify whether price action is going to reverse or continue. If you look at #1, you can see that there was a massive bull trap initiated by some substantial price action breaking out above the triangle/pennant. Then, over the course of a few hours we saw prices move lower and ultimately back into the bearish pennant. I’ve drawn to red arrows to show the ‘point of no return’ for Bitcoin on this hourly chart. The left most arrow is where the Lagging Span is currently at. When the Lagging Span reaches $48,000 it will generate three massive bearish events. The first is when the Lagging Span closes below the candlesticks, the second when it closes below the Cloud, and the third when it closes below the Kijun-Sen. If those three conditions become true, then that means price has also dropped below the Cloud – creating an entry known as an Ideal Bearish Ichimoku Entry. Expect some swift action to the south. On the hourly chart, the RSI has failed seven times to cross above 60, having been rejected those seven times since yesterday (Feb 24th) starting at 10 PM EST. A similar resistance level can be seen on the Composite Index as well. What really makes this entire setup ugly is where the %B is at. The %B is just a hair above the 0.2 level. . When the %B crosses below 0.2, and the RSI is above 40 (currently at 46.6) – then we have an almost guaranteed short entry. The price target I have from this hourly chart is the $39,200 value area. But this is Bitcoin and we could see some random spike to 100k in a two-day period as well – but not likely.
Short
by itsjustanalysis
2
Bitcoin Descending Triangle Hi, Raiden Here. My first post of many to go here in tradingview. Watching bitcoin I see that we have lower highs with the same support of around 30k. if the pattern is true we should see a lower high then fall in the near future then eventually a break below 30k. What concerns me though is the fact that with this pattern price doesn't come from a downtrend but an uptrend so we just have to see how it unfolds. Leave a like if you like this analysis also follow me as I will be posting setups and ideas from crypto, stocks, and forex going forward. Thanks! Have a blessed one!
BITSTAMP:BTCUSDShort
by raidenfx
2
CAN WE SEE BTCUSDT @ $18 500 AGAIN? I think we can see BTCUSDT trading as low as 18 500 dollar area in the near future if and only if it doesn't establish another new higher high pretty soon and in order to do that the price of BTCUSDT has to rise with 25% and then we would also need to see a new All Time High after that for it to break this pattern and that is more than 40% from its current price. This will be very interesting scenario both ways. - - - - - - - - - - - - - - Disclaimer: The content covered in this channel is NOT to be considered as investment or trading advice. I am NOT a financial adviser. These are only my own speculative opinions, ideas, theories, hypotheses and trade setup ideas on the market. The content posted in this channel is purely for entertainment purposes only and the information is NOT to be used or replicated by others.
BNC:BLXShort
by TheForecasters