Btc-short
Drop below the channel could take us to 4500 or even 4200While the news came out today about the investigation into Bitfinex/Tether, there was already a negative RSI building before the news broke, indicating a likelihood of a drop.
Currently BTC is still holding in the channel, but a drop below it could take us to 4500 or even 4200 in the short term.
#notfinancialadvice
BITCOIN Golden cross & regular bearish divergenceHello fellas!
We have an interesting day on BTC-USD daily chart, bulls seems to be exhausted RSI and MFI levels are decreasing while the price is going up witch means that we have regular bearish divergence, also volume is decreasing while price is increasing another bear sign. We are in a bear flag formed from the beginning of April. At this price levels we have some resistance also on November 2018.
In contradiction with these bear signals today MA 50 and MA 200 had crossed formed a GOLDEN CROSS witch is a bullish signal, from my point of view we will go DOWN, I think it's just a bull trap let's see what will happen in the next few days, we could see a correction to 0.786 Fib. level witch is around 4200 zone so I will SHORT some BTC.
This is not an financial advice, take care of your money!
One last pullback before the MASSIVE #Bitcoin | $BTC Breakout!?!One last pullback before the MASSIVE #Bitcoin | $BTC Breakout!?!
We think so. Elliott wave and fibonacci usually don't lie, so we hope
that you've opened a HUGE SHORT position at these overbought price
levels. As always, use STOP-LOSS or STOP-LIMIT orders to protect
gains, as well as limit potential losses on your trades!
The Last month of Bearish CircleMarch is the last month of downtrend i perhaps. Short term is bearish. April in a green zone
Decisive moment for BTC After this small run from BTC up to 3950 we hit a major resistance level. Also, we are very high on the RSI which might indicate BTC will go on its way down again. However, if BTC manages to close above the yellow resistance line on the weekly chart, we will most likely retest this yellow line to see if it holds as support. If so, this might be the end of the BTC bear market and a great opportunity to invest.
Short BTC - Against the Market SentimentAgainst the Market Sentiment.
You're bullish? Show me why :)
XBT BTC More Drop incoming!!!continuing on my prior published idea the same way our bear-flag continues to form.
Short Entry 3350+ (stagger short limit orders -x5- from 3350-3550 to catch a possible small leg up before decent to 3200 or below)
Leverage : 5x 10x (SL at 3600)
T1: 3250
T2: 3150
SL: 3700
BTC Bearish Short term, Bullish Long termBTC may test sub 3K level before continuing further up.
A final SHAKE OUT would not be surprising
3 Dives Top + Head & Shoulders on 1H - Dangerous Grounds 3 Dives Top + Head & Shoulders on 1H - Dangerous Grounds
~ 1 day until February Month
- 3 Days until end of Week
- 3 Dives Top + Head & Shoulders on 1H Time Frame
Technically is perfectly to dump and position yourself right here.
First short target reached. Second target - (3350 - 3480) on BTCAfter completing Wave B of ABC corrective formation, we've had a massive impulse downwards, indicating a beginning of a strong C wave, confirming our bearish bias.
We've been able to hit the first short target on 3630 - 3700 level and now we'll be looking on entering another short position on pullback with a solid R:R setup.
Check out the linked idea for more explanation about current wave formation and as always,
thanks for checking out this idea, comments and likes are greatly appreciated.
