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Btcsell

Bitcoin Falling to $35,000!? The Ascending Wedge Calls for Doom.Bitcoin has fallen out of the 4HR bull channel and failed to break above the Weekly Resistance 3 times. This is a decent short-term sell signal that if your trade is managed properly, the probability of profit is on your side. How do we trade this? Bitcoins macro trend is bullish, so we must exercise caution when considering a short. While the trend is a major data point, we must also consider the rest of the picture in front of us. Bitcoin has failed three times to break Weekly Resistance, a reversal signal. We've fallen out of the 4HR bull channel, another signal to sell. There's a gap to minor support which has been tested twice and the RSI is below the Moving Average with room to fall; all data points in favor of a short. It is reasonable to have a short-term sell bias on this 4HR timeframe but proceed with caution. The first sign of a bull reversal bar closing on or near its high means it's time to exit the trade. Trade Idea: Short Entry: $37,630 Stop Loss: $38,270 Take Profit: $36,350 Risk/Reward Ratio: 1:2 Key Takeaways 1. Fell out of Bull Channel, Now in Ascending Wedge. 2. Currently re-testing bull channel support. 3. Gap down to Minor Support at $36,200. 4. RSI at 48.00 below Moving Average, Bias to Short. 5. Short to Minor Support. You are solely responsible for your trades, trade at your own risk! If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
INDEX:BTCUSDShort
by TraderEngineering
BTC EMERGENCY !!!After the postponement of Bitcoin tradable funds, we saw the market fall to the $34,800 area, which is currently correcting its previous wave. Apart from the fact that this news had a negative impact on the market and some people started giving bearish strategy ideas, but the mood of the majority of people is positive for the growth of Bitcoin. As I explained in one of the previous analysis, the reason for the fall of Bitcoin if it happens, I decided to do another bearish analysis, which I hope will fail like last time. If Bitcoin can recover the level of $38,000, there is a possibility of growth and failure of the analysis. But if Bitcoin loses the level of $36,000 and the weekly candle stabilizes below this price in 2 days and 7 hours, we will see the nature of the market change to a bearish one.
Short
by MyNameIsMilad
4
BTC will continue to rise next weekBitcoin (BTC) is up over 120% since the beginning of the year, showing that sentiment towards the crypto asset has improved significantly. Due to the large volume of purchases, the number of wallet addresses holding more than $1 million in Bitcoin this year has jumped from 23,795 on January 1 to 81,925 now, according to data from BitInfoCharts. After a significant price rally, Bitcoin could face headwinds in the short term as investors digest macroeconomic data and events taking place this week. The Consumer Price Index will be released on November 14th, followed by the Producer Price Index on November 15th, which could lead to short-term fluctuations. Short-term retracements are healthy for long-term market trends.
BITSTAMP:BTCUSDShort
by AstronautPioneer
Bitcoin manipulation and scenarios of further price movement 🔥Monday started very stormy for the crypto market.🔥💥⚡️📉 And it showed that not only Elon Musk can manipulate the market. 😆 And while waiting for positive news, a random fake can create a storm in the desert. What happened today, when Mr. Bitcoin flew from 27.9k to 30k. The truth came out within 5 minutes, regarding BTC-ETF, and the price returned back, from where it started its flight "to heaven". 🗣What is my opinion: We have a lot of uncollected liquidity left at the bottom, which is needed, at a minimum, to break through 30K, as a maximum to go above 30+K. Liquidity is collected at the levels: 27.1K, 26.6K, 26K. That is where the price should come. Given that today the price has returned to the ascending D1 Channel, several scenarios are possible: 🔲1. The price will now move within the price channel, forming a Head and Shoulders, after which it will take away liquidity. 🔲2. The price will break through the ascending channel immediately and, having tested it, will take away liquidity. In any of the cases ‼️ ALWAYS ‼️ calculate your risks and operate your money management correctly. 🧰 The market is always unpredictable. 🔥 And very often, in addition to the news factor, other fundamental and statistical factors coincide, which greatly affect volatility. CRYPTOCAP:BTC #BinanceSquare #Binance #Bitcoin #BTC #etf
BITSTAMP:BTCUSDShort
by TrEKone
Bitcoin | Fundamental and technical analysis for July.Hello; 1. There is a negative divergence on the RSI on the Bitcoin weekly chart. 2. There is a bearish shark harmonic pattern on the Bitcoin daily chart. 3. The fact that the FED skips the rate hike in June and all FED members approve the rate hike 3 times until the end of 2023 at each meeting means that the price of bitcoin will fall. 4. Now that June is over and there will be a FED meeting on the 26th of July, I predict that this month will be a bearish one. 5. The negative divergence in the technical view and the highest level of RSI in the daily chart support this. 6. When Bitcoin price reaches $21,750, I predict that it will touch the trend line I have drawn on the weekly chart. 7. It is not known whether a new uptrend starts after the trend line, but my predictions are in this direction at the moment. 8. I added the bearish shark harmonic pattern, which was formed after the last rise in prices on the Bitcoin daily chart, as an image on the weekly chart. Good luck everyone.
BITSTAMP:BTCUSDShort
by UnknownUnicorn25728
BTC SETUP"Support levels are indicated in green, from weakest to strongest at the bottom, and resistance levels are also indicated from weakest to strongest. You can enter buy and sell trades based on them." Please note that support and resistance levels are commonly used in technical analysis to identify potential levels at which the price of a financial instrument may reverse or encounter obstacles. Traders and analysts use these levels to make informed decisions about entering or exiting trades.
by smssms081
BTC Price Action and Behaviour Analysis (Multi timeframes)First of all, let's discuss the 1D time frame. The primary thing to notice here is the bull rally of the BTC. Price is moving upward by making HH and HL as per DOW theory. Price is moving in a parallel ascending channel and respects the lower trend line of the channel. One thing to notice here is that Price did a fake-out on 10 March by making a LL and then continuing in the previous direction. It was to liquidate the retailers. Now let's talk about the retracement levels of the BTC. The first bull rally was till 24k and then we saw a retracement to 0.68 fib level. Then we observed the second bull rally up to 25. The time period from one HH to the next HH was 22 days. After that, we saw the LH which goes to 1.41 fib level. Then the next HH took 32 days to reach the 32k level. Now the BTC is in a small distribution phase before jumping into the next HH. 1H Analysis and Bisa Price is testing the parallel ascending channel's support and RSI is around 38. Now the most likely scenario is that it will test 28665 in a day or two. So one can go long from here. One the bigger picture, the price can go up to 30k than 31k and 32k respectively.
Long
by sanasaeed
Will overbought Bitcoin breakdown?Bitcoin - 24h expiry - We look to Sell a break of 27098 (stop at 27981) We are trading at overbought extremes. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Trading within a Bullish Channel formation. A break of the recent low at 27206 should result in a further move lower. A higher correction is expected. Our profit targets will be 24925 and 24525 Resistance: 28200 / 28500 / 28900 Support: 27600 / 27200 / 26800 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:BTCUSDLong
by VantageMarkets
Strong Sell Signal for Bitcoin. Road to 14k.I analyze daily and weekly timeframe. Here are the list why bitcoin will go down: 1. 100 SMA and 25 SMA is my indicator for reversal. It the recent rally, the 100 SMA and 25 SMA failed to cross for bullish reversal. 2. Support lines are drawn in my chart. It currently breaks the support line in 17.5k-18k area. It is headed for the next support of 14k. If you zoom out the chart and look for weekly chart. You can see a support at 14k in June 2019. 3. -DI is above the ADX and the slope of ADX is high. I also based the strength of the trend based on the slope of the ADX. I look for 14k if there is possible big rally or bounce. I will take profit if the -DI goes below the ADX and wait for further reversal signal.
Short
by UnknownUnicorn13326052
4