Btc-short
Don't Ignore Fibonacci - it's as easy as 1 - 1 - 2 - 3This latest drop in BTC has surpassed the latest 61.8% level to the downside ... might be gearing up for a full retracement. I am jumping on the back burner for now.
BTC to 4600 levelFalling Wedge to 4600 $ level. If it will will hold we can expect that is is going to be the bottom and from there the price reversal will be possible
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***** This is not a trading advice. Please invest responsibly *****
It took longer then expected but hey, hope you got my call! Dear Coconuts,
Who nailed it???? Ok it took a little bit longer but still. We got back to my level cocopups, but be careful. ETF news is coming on the 7th and the 30st (most important one). Which I think all will be rejected and exchanges will make a lot of money on the way down again.
Bears got back out of their caves, showing that the moon is still lightyears away. But perhaps it's just a healthy retrace, or this was it and we are going back to the lower levels. Honestly I don't know. But if you really want to know then I have to listen to my inner voice lol. I think BTC is heading towards capitulations.
First the SEC rejects, mostly due to manipulation. Uhum, really, and the next day they announce to review the documents. Come on people, wake up. People that tell me that there is no manipulation have been living underneath a stone.
Think from a perspective of a billionaire. Would you buy BTC at 7400 or at (Let's be conservative) 4800? That's a big scoop of difference. I can't believe ETF's will get approved by this year. Does that really matter? You could argue and say, "who cares about the ETF's, we 've been already towards 20k without them''. We got there because grandma, uncle, neighbours, generally all the people that didn't want to miss out got in. Ask around you, hey guys you should get BTC now, it's only $5850. Listen to what they have to say.
Also we need to understand that the sentiment for the past weeks was bullish, still to much love towards BTC and no hate. Every trader that I know didn't knew exactly what would happend. Indicators where showing different signs, but we all saw the hidding bearish divergence.
It was truly an interesting two weeks.
Shorts got piled up, Tether was printed over and over again. Waited for the short squeez, didn't happen, then shorts got piled up again!
We need a consolidation, not for three weeks, I'm talking about month and months. But then again I'm not 100% sure my dear cocofriends. We all have our own opinion and that's the beauty of it.
So for now, never catch a falling knife, just keep an eye on the FIB lines. Probably we will create bearflags on the way down. Wait for a support is made. Usually we can play around them on the way down in combo with the ADX,RSI and MACd, but be cautious, use stoplosses.
Big guys are in play!
Enjoy this bloody day or not, I just hope you had a stoploss and took your profits.
BTC SHORT - Stochastic overbought & price hit fibonacci 0.382 BTC SHORT Target 58xx
Stochastic overbought & price hit fibonacci 0.382
BTC short opportunityBTC has been rallying for a few days now, we called a long from 6.1k and have now taken profits.
Daily volume is beginning to decrease as we get to the top of the falling wedge.
A close on the daily above the yellow box will lead us to the next yellow box. We have seen many of these bull traps before as we are in a bearish phase.
I have begun to slowly build a short position, will be building it from now until 7450. If we fail to close above the yellow box on the daily candle then I will increase my short position.
This will give me the best average short position as I do not think we will break the brown downtrend line.
Stop loss can be set above the brown downtrend line.
We can see correction in few daysGreetings to you all the TradingView readers! We are the team of analysts for the top crypto channel on Telegram and we are here with the fresh idea.
We are likely to see the correction within 2-3 days, as Stoch RSI says. The indicator stayed beside the upper limit for a whole week, which is a proper period to make the price respond to the indicator’s intending. Currently, the Stoch and RSI lines are crossing each other, which predicts the following decreasing. But this signal needs 1 to 5 days to be performed.
Anyway, we expect 6550 price to the end of the current correction, and not lower. We already offered a reason for this price falling within our last idea .
Here we want to notice that 1H and 4H of Stoch RSI are currently changing or are going to turn into the growth, which indicates the price drop from the higher positions than the present ones. See more of reliable info and analytics on our Telegram account.
With respect, Lemon Insiders Team.
BTCUSD Volume DOWNLooking at the Candlestick patterns...i should go LONG. Checking the BTC volume traded over 24hrs on bitcoinity...just make me go SHORT.
If you were manipulating the bitcoin markets you would do what a market maker bot would recognize as a BUY pattern...then wait for those bots or "greedy" humans to fill the orders on specific resistance/supports.
Then you let the honey pot open a while and CLOSE suddenly. Check the volume on the link below, it's down. how can the price be up ? the price increase after 2 or 3 massive buys...ask yourself why ?
