Btc-short
$MSTR Lines of Liquidity [$CRO short in action, $DXY pump]I'm still working out how trading view recording works, and it seems the upload failed, so i'm not sure exactly what will be connected to this post, but let's see....
$MSTR opened strong today on the back of a slightly higher $BTC since yesterday's US market close. My hypothesis remains that volatility will be the name of the game in the coming days, as we are sandwhiched between two pre-market gaps. One from last Thu-Fri session at 300-325, which was nearly 5%, and multiple smaller ones down near 210-230. The shorter term gaps are more likely to be filled in the coming hours/days than the longer term-ones which have already failed to fill. But they'll all be filled, which means we can expect a range of at least 210-300 or 30+% moves in the coming days/weeks while we wait for summer to end and the US FED to announce it's highly anticipated rate hikes - estimated to be between 50bp and 100bp, depending on the inflation CPI numbers and other factors.
I'm active in a CRO trade, accumulating with anticipation for a move to the downside. I'm shorting through .125 - .129, with a stop loss set at .13. Looking to cover at ~.12
And I'm slowing distributing my open MSTR trade between 280-300.
The $DXY continues to pump, while $BTC remains relatively flat, which in my book indicates a divergence worthy of our close attention and a surprise up someone's sleeve. Who's playing games out there, who is it, really!?
Fast Drop incoming
I am going to present some fundamental factors updates to understand my bearish ideas.
Updates:
USD looking bullish yet again!
UK true inflation reports to be higher than expected inflation. General worries about Uk Inflation to jump to 18%
www.bbc.co.uk
Further war escalation:
- Russia urging public to fight
- NATO expansion
- US & Taiwan conflicts
For Alt traders:
$BTC is about to fall...Hi, this is my contextual and price action analysis on why BTC is most likely to fall than create a massive bull run
We have more reasons to short this coin rather than to long and I laid out facts in the chart and my
data interpretation of those facts to conclude this forecast
What do you guys think?
Let me know in the comments section! :)
BTC Daily update - Be careful with longsYesterday on the news BTC did exactly opposite of what I predicted and rose 7%.
Right now most of the crowd is rooting for long, forgetting to analyze technical factors.
Four signals for short:
1. We completed Elliot Wave pattern
2. Bulls become weaker as buying volume drops. If we want to go further, we need to wait for strong buyer to appear.
3. We broke trendline as support. And even tho there no impulse yet, we should see movement soon
4. We are already at full ATR. BTC is unlikely to rise 2-3x it's ATR a couple days in a row. Correction is likely
Also, be careful as there an obvious pinbar behind which stoplosses of bears are hidden. Marketmaker may try to go for them first before the drop
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself
Our MRI3 picked. BTC likely to have, as well.Our publicly available Market Risk Indicator v3 (MRI3) has clearly picked in late July.
We believe BTC prices have as well, thus making the top of 1d chart ichimoku cloud the bound of current move.
This alone suggests SHORT as the proper side to be in for the time being.
Thank you for your audience.
best regards.
BTC 20k Retest incoming!BTC formed a double top and got rejected from the 24k level!
we also formed a rising wedge, which we just broke down from!
Also the traditional markets are under high pressure because of the Taiwan conflict.
After a 4h confirmation you can open your short with a take profit @ around 19400 dollars.
We could also see a bounce of the 20k mark or a retest of the 17500 dollar level, to form a double bottom.
have a nice thursday!
BITCOIN BEAR FLAG!!Now that i have you suckers attention!
Looks as if were in a bear flag guys! Yes this sucks im ready to stop eating noodles also!
Okay, First confirmation i have is a decrease in buying pressure volume.
Second we have is 3+ touches i feel is the major confirmation.
third, We did get gdp negative so technically we are in recession
fourth, wait for the confirmation breakout none of this matters if theres no breakout and everything go as plan.
lets see how the next few days go in the market.
final thought~ there will be another retest to the upside and breakout to the downside and head to about 17k.
PLEASE LEAVE OPINIONS AND THOUGHTS . as you comment please seek to educate, correct, or simple thank me for my TA.
BTC IDEA FOR TODAY 03.08.2022Hello as in my last ideas when i predicted downside to zone around 22600 and then rally , now i see signals for short term chop to liquidate over laverage players. in my opinion good enter for short will be zone around 22500
In my opinion BTC will fakeout from ichimoku cloud to get some stoploses on badly placed shorts and continue to go down as predicted.
Bitcoin Trend Analysis July 31st! TIME TO START BUYING?Welcome back! Happy Sunday! looking at the week ahead- I do see bitcoin retracing down to 22400 - 22800 and thats the area you should be buying and ETH to 1400-1500. Like we talked about in my last video- its not a good idea to buy when bitcoin is going up; you should only buy at support levels. Its very tricky to find these areas but moving averages are your friend. Good luck next week!