Btc-short
Descending triangle on BitcoinHello
I noticed that the descending triangle occurred on the chart, therefore the price can easily go back to 12k.
descending triangle is quite special because it has much probability of success some say even 90%.
BTC needs to hold marked areaBTC needs to hold marked area, if not it can give major down move based on 15 min tf
ETHUSD and ETHBTC showing signs of a reversal
TD Sequential showing a reversal signal
ETHUSD Hitting horizontal resistance
ETHBTC Hitting channel resistance
RSI Divergence
BTC at important resistance 11750-60This is important resistance, if broken we might have a good rally if not from here there will be some retracement.
MAGNET DO YOUR THING AND PULL THE RUG ON THESE OVER LEVD BULLSCould this be the top for the weekly candle?
Or is there more to go?
Find out in the coming week ahead!
Interesting place for BTC, I wouldn't mind shorting positionalBTC can short, it is at a very interesting place and might get a good return
Is It *Finally* Time to Short BTC?A downward channel appears to have formed on the daily chart. Whereas $10,000 to $10,500 was the previous and impregnable resistance, bulls seem to have backed off. $9500 is the new $10k, and price seems to have tarried in the $9150 to $9400 range, which previously looked like a neutral zone between bears and bulls. At the moment, we are rejecting off that $9150 on the daily. There is much resistance below $9k, and price could well go sideways for a while, BUT July has not been a good month for BTC in the past, and the drive past $10k seems to have petered out. A short position bought into between $9150 and $9500 may pay off in the near term. Targets start at $8800, then $8500. If $8500 breaks, possible stops at $8200 and $7700 would follow. If $7700 breaks, we might be in for a monster crash. Will update as and if we approach that level. The white ellipse corresponds to the first three days of July, and at the time of posting, look interesting as a potential break point for BTC below $8700.
Let me know if you are following along and how your trade goes.
3 SCEANRIOS WITH LONG TERM BULLISH BIAS - YOU DECIDE 10500 is a historical resistance that we've already been rejected from.
7800 - 8100 is needed in order for the structural integrity to be maintained in a healthy way.
Ever since 10k we've slowly bled all the way to 9k (where we're currently stuck under 9300 and above 8800 support.
In my view of perspective, market makers & exchanges cooperate with each other in order to push price up higher to trap new traders into thinking it'll break the 10k historical resistance. Is this still possible? OF COURSE. Is this the trade I'd take? Nope, I'd rather wait til 10000 held on a daily candle before even considering bullish bias.
It's easier for whales to dump the price $1400 to $7800 then it would be to break the historical resistance at 10500.(where my bias is originating from)
In conclusion, I've created 3 scenarios for price action to lead towards. Why?
I want you guys to read the chart and make your own bias! I'm here to create the visuals to help you see key area's.
BUT it's your job as traders to do what works for you!
Either see you guys below 9000 or above 9300.
ONE LAST DIP BEFORE BULL RUN! BTCUSD 2WBITSTAMP:BTCUSD
Extremely Low Volatility is reminiscent of Oct 18'.
One last Dip would complete the Inverse H&S pattern.
Bearish Cross on the STOCH V RSI.
BUY THE DIP!
38% drop by the end of august?I'm no longer bullish after seeing a double top on most tradional markets.
6350 would make sense.
Have a great day.
Twitter call 'Alt season' - BTC ShortSimple pattern recognition with 3 similar flats. This is how I imagine it will play out.
Higher TF is still a downtrend. Make sense to think BTCUSD is setting up for one more drop.
DOGE - it is time BTC gets rekt2018 when DOGE went up this lead to a dump for BTC, the same is going to happen now again ? On the chart u can see both coins compared, it is an interesting attempt to see if the market changed since 2018
HOURLY BULLISH AND BEARISH BIAS SCENARIOS 4hr close in just over one hour & daily close in just over 5 hours.
Cheers.
BTC Bearish - Same pattern in 1 monthHi everybody.
In both circle BTC has not potential to grow up against Kijun Line (Blue Line). Also The candle is the same.
So I think ascending channel will break in this week.
Have fun with more money reach :)
HIGH VOLTALITY INCOMING FOR BOTH DIRECTIONS BE SAFE Structural integrity paints a very clear picture for me: we need to see at least 9188 in order for any bullish momemtum to contunue. NOTHING goes straight up or down (well sometimes lol), however in this case macro levels are bearish but if bulls want a shot to break 9500 we need to test EMA levels and key support area's otherwise we'll be ranging going sideways for days and I'm sure none of you guys want that!
4 HR POSSIBLE DIP THEN BOUNCE INCOMING Be safe this week fella's.
You're in for a bumpy ride.
Cheers.
OR IS THIS JUST A FAKEOUT TO THE UPSIDE BEFORE DISTRIBUTION?1st of all: SMASH the like button if you appreciate the daily charts with both bullish & bearish bias. 👍👍👍👍👍👍👍👍👍👍👍👍
2nd of all: GOOD MORNING BROTHERS. I hope you're all having an excellent start to your Monday morning. Lose 9060 and bearish bias returns, gain back 9297 bullish bias stays.
Could this be a takeout to the upside before distribution? Or will we gain back 9297 levels and push 9419.
Comment your opinion on price action yesterday and going into the week, I love hearing my supporters thoughts on price action.
Price range: 8900 - 9250 (thus far)
I'll post an update on the daily close today 8pm EST time.
Bitcoin is losing its respect day by day.Below the 50-day moving average, in the ichimoku cloud, below the return line and the basic line, the indicators show us that there will be a drop.
9100 WILL BE A DISTANT MEMORY IN PA SHORT TERM - DISTRIBUTION We've been under 9300 resistance for quite some time now and haven't been able to pick up significant buy pressure which would result in higher levels tested. Unfortunately, 9300 has been rejected and at first i thought we'd maybe get a nice short opportunity around 9297 - 9508...but price action seems to say otherwise. Always go with the trend, it's supposed to be your best friend.
;)
BTC Bearish View $8k - $6k There are two zone where volume has highly traded $10k - $8.6k and $7.5k - $6.6k. As you can see in chart there is no volume above & below of first zone (Signifies buyers are not interested) and there are some unfilled CME Gaps near second zone.
So considering all dynamics (Vol, CME Gaps, Stocks, QE, micro data). BTC It is likely to test $7.5k - $6.6k in next 2-3 months once $8.6k is broken on weekly time frame.
Short term : Bearish but possibility of one move up.
Mid term : Highly bearish.
