Hidden bearish divergence + descending triangle Hidden bearish divergence + descending triangle indicates more likely bear movement in my opinion. But react - do not predict !
Btc-short
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Bitcoin 4 hour descending triangle. Target 7850Bitcoin on the 4 hour timeframe is currently postured in a descending triangle. A 4 hour candle close below 8267 and the descending triangle measure move is down to the next liquid zone at 7850.
Currently, price is trading below all major moving averages. Red 10 SMA and yellow 21 EMA sloped down and acting as resistance, adding pressure to the downside.
4 hour stochastic is trending up, but weak and looking for a bearish crossover. Price action has been making lower highs while stochastics have been up, allowing for a bearish reset of the stochastics
4 hour RSI in a descending triangle, below the white RSI EMA. Consolidation on the edge of the RSI bearish control zone, likely to break to the downside. No divergence currently present
If this descending triangle plays out, please note how this will impact the higher timeframes. My higher timeframe analysis is found here:
BTC | INITIATE SHORT ON THE HOURLYInitiating Short.
Reasons:
1.1H 50 & 100 SMA death crossing the 200
2.Lack of a bull case scenario
3.Since June, the last 8 times this has happened has resulted in actual price drops. No fakes.
Will keep you all updated.
POTENTIAL BITCOIN DROP IN LESS THAN 6-18H! 5-8% DROP PREDICTED!PRICE IS CONSOLIDATING VERY SIMILARLY TO PREVIOUS PRICE ACTION - NOTE THE PIVOT POINTS MATCHING UP TO PREVIOUS CONSOLIDATION
FRACTAL FORMATION PREDICTS MOVEMENT TO THE DOWNSIDE WITHIN 6-18H
SHORT+LONG PositionHi!
I share my Short+Long idea position.
What do you think?
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
Descending triangle A Descending triangle pattern showed up in 4 hours btc usd , the breakdown is happend and soon we will see the btc fall till 9339 at the end of the month .
BTC bounced from support *REPOST*No end to this daily chop, anyway bounce from support but bulls not convincing me.
I am scaling into short positions, adding and splitting my big order in 5 orders, the biggest if btc try to go up.
Premium in short from 10400 area, target below 9k.
Enjoy.
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Pay Attention to BitcoinPay attention to that long pink trend line. If Bitcoin manages to dip below that line (and I believe it will), we will be in for a substantial drop. It may only drop to the light blue line, or it could drop to or near the bold yellow trend curve. Either way, we may see a slight increase in price in the short term up to the top of the triangle (orange line). But we will see a big drop incoming.
BTC Head and Shoulders Head and Shoulders forming on the 1H after bitcoin got stopped at the 10450 level which is the 0.786 fibo taken from 10604 high to 9880 low( range we were downdtrending for the past few days as seen on the chart )
That will bring us back on the upper side of the descending wedge formation we broke out to the upside yesterday - green curved line
Two possible scenarios there, normally those patterns after retesting they bounce up confirming the bull run in which case we will head probably towards the 10800 - green arrow
OR if we dont bounce and fall back in the wedge we are set for a false break out scenario which is bearish and will send the price bellow 10000 - red arrow
BITCOIN NECESITA SANGRE! En Graficos de un Dia: Sin fuerza, arriba d2 de d1, macd por debajo de cero, sin volumen, Normalmente que pasa cuando se juntan estas tres variables: SANGRE proximamente. Eso parece indicar, ademas de que muchos ya lo esperan para comprar bajo.
Si pasa lo contrario, mucha gente se quedara fuera. y para ganar, la gente tiene que estar dentro. obvio. asi que lo dudo de que se vaya a la luna desde ahora., lo esperare a 6500 Suerte.
It's a Bear, It's a Bull, It's Bi Polar Bear!Since little age he felt different, he will play with other bears but sometimes felt a bit out of place.
Global Warming made him move south, and one day on a summer holiday in 2017 he saw the field filled with bulls and was mesmerised by their muscles, resistance, and their big candles...since then he couldn't think of anything else than becoming a Bull.
He started shaving his hair Short down to the Scalp in the summer, and growing it Long in crypo winter,
A few months ago, he had put his Fake Out horns and go for a walk, jumped over the Hedge only to meet a group of bulls that mistook him for a Cash Cow, Bi Polar Bear tried to retrace but they grabbed him by the Head & Shoulders and.. you can imagine the rest...several Pump and Dumps, no Pullback and none of them Missed the Bottom.
His Asset was pretty much destroyed with a big Ratio Spread, so had to stay in bed Sideways for a while, Averaging Down lots of painkillers for his REKT pain... all of this while watching the bulls run and laugh outside his window.
recovered quite well lately and he's considering cutting his hair short and going out again...
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Have a beary good day everyone!
Bitconiano
XBT ShortPosición en short con un stop en 10.600, esperando importante retroceso.
TP1: 10.100
TP2: 9.200
This SFP Will Dump Btc Towards 9800-9750Hy Guys,
BTC Breaks 10424 Order Block Now Retesting And Showing A Bearish Swing Failure Pattern (SFP) Better To Short Here.
This Is Not A Financial Advice Thanks!
BTC Outlook for rest of the yearscreenshot.cz
Made this chart three days ago. Until we break this triangle up I still expect this to go down first and I think most people will sell their bitcoins in the 8-6,3K area and will be left in disbelief.
Neutral at this point. Could go either way. Leaning more bearish short term. Bullish for future.
Short trade BTCShort trade after triangle break.
We divide objective: the objective of the triangle is at $ 6100, but a good part is closed before, at $ 7500
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BTC:158d9VitiGpLGjB4wb8Ljg9PJcJbdSRHKj
BCH:qrq7plmw3zltgfkhdnmgpdl203aw60a9jck3sqv00p
ETH:0x66182Cb5b88c2b34CB9C76C5195b7Df8B3e25f08
DASH:Xg7FdLfr6ckx3sGezzj6PRCvuog7Eav6Ee
LTC:LQ5h8LvfejqSKqWzxGnf7Yh2d2qejdgJ5S
NEO:AP2MieTJ3gAHre5SFJr8husWhAvALtRZy7
#XBT #Bitmex # H4From the voting it is clear that the preponderance of shorts, but also longbows are present)
I look more in shorts.
Medium-sized sliders also indicate the short scenario.
The question is will the bulls shorten?
And can the super news be brought up?
look for a growl.)
