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BTCUSD – Cash: Bearish Fakey SetupBITCOIN (BTCUSD) – Cash: Price Collapses From Bearish Fakey Setup (WARNING ON CRYPTO: TRADING BITCOIN AND CRYPTO IS HIGH RISK, CONSIDER A REDUCED POSITION SIZE AND LOWER LEVERAGE UNTIL YOU ARE FAMILIAR WITH THESE MARKETS). Price Action: Price moved lower from the recent Multiple Inside Bar Pattern that had formed late last week (We suggested trading this pattern in the April 29th, members' daily newsletter). Price moved lower from the prior Bearish Pin Bar Signal (Event Zone) that had formed just under the 42608 short-term resistance over two weeks ago (We suggested trading this signal in the April 24th, weekly newsletter and hopefully some traders got on board). Potential Trade Idea 1: For more aggressive traders, we are considering selling on a retracement higher to within the range of the recent Multiple Inside Bar Pattern. Potential Trade Idea 2: We are considering selling on a retracement higher to within the range of the prior Bearish Pin Bar Signal (Event Zone).
COINBASE:BTCUSDShort
by UnknownUnicorn393254
We're building a BIG SHORT on Bitcoin!Hey guys 👋 Just an FYI, we have been shorting BTC for a while, adding on to the short on every lower high formed on the 1H chart. We are gunning for big drops on BTC and overall crypto, yet of course we're just as ready to buy as we are to sell if the structure of price action changes. For now, our targets are 3, see them below: 1) The neckline 2) The volume support at 12.6k 3) untested POC of the bullish structure 8.3k On Wednesday the FOMC is due to raise rates again, the higher the rate outlook becomes... the lower crypto should/could go. More on this in a video that is related.
BITSTAMP:BTCUSDShort
by PrimedGroup
7
#Bitcoin's Sharp Reversal is Squashing Bulls, Path Back to $39.5Past Performance of Bitcoin After sharp upside moves in the European and early New York sessions on April 21, Bitcoin prices plunged to close the day as an inverted hammer. The long upper wick points to strong selling pressure, unwinding gains posted in the days as prices reacted from the previous support--and now resistance--multi-week trend line. Based on the development in the daily chart, #BTC seems to have completed a retest. Bitcoin Technical Analysis Traders remain apprehensive at spot rates. Even after the complete reversal of April 11 losses and the close above the $42.5k level, sellers didn't sustain prices above $42k, indicating weakness. The uptrend has been nullified following the April 21 inverted hammer and prices trending below $42.5k. Prices are pulling back from the liquidation trend line, completing a retest. Sellers might ride with the newfound trend, targeting $39.5k in what could be a bear trend confirmation of the April 11 leg down. What to Expect from #BTC? The reversal from April 21 highs pours cold water on bulls' momentum. Since prices are now back within the April 11 trade range and $42.5k, the selling pressure of April 21 may spill over, possibly forcing BTC towards $40k in the short term. Resistance level to watch out for: $42.5k Support level to watch out for: $39.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
1
Bitcoin 10days Cheat sheethey everyone hope you all are doing good . i am using oscillator this time to find bottom and and i believe we have already made bottom and we could wait until july-august for another final bottom before making new highs . you can see the bottom was found around -14, -18 , -10 , -21 & -15 but final bottom i expect to be near -25 after it we will see new highs but until then i have made a cheat sheet of btc price action which can help you all for intraday levels as we going to consolidate until july. Good luck
COINBASE:BTCUSD
by FxSniper_
BTC Short for about a dayI already opened a short on btc due to a bearish divergance getting formed on btc (shown in yellow line) on the 4h chart and it's quite overbought on the other timeframes right now. right now it's cancelling the bearish divergance because it went down and didn't close the candle up at 43.2k but I'm still keeping the short trade open because i know btc can't close above 43.2k or else it will still create the divergance so either way im shorting. This is just a quick update and I'm going to start making these short updates to tell you guys what I'm doing with my trades and why! next times the text will be shorter and more straightforward! MY TRADE X5 leverage Stoploss: 44.1k Take profit: 41.5k
Short
by blz_legend
12
Bitcoin Sell the Pivotal Value.Bitcoin - Intraday - We look to Sell a break of 41488 (stop at 42323) Daily signals are bearish. Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower. 41575 has been pivotal. A break of bespoke support at 41500, and the move lower is already underway. Our profit targets will be 39222 and 38322 Resistance: 43000 / 44000 / 44500 Support: 42000 / 41500 / 41000
BITSTAMP:BTCUSDShort
by Signal_Centre1
2 for 2 with bitcoin shorts today! Riding it down caught the wicafter taking partial profits on my 1st BTC short i moves my stop loss into profits which was triggered when it wicked up, which is why its always smart to take profits along the way and move that stop loss into profits to make it "risk free" After a massive surge up i felt like it wouldnt sustain above the ascending trendline so I jumped in with a larger trade than the previous short. I already closed about 50% of this short @ 37500 letting the rest ride.
BITSTAMP:BTCUSDShort
by Layne_LV
3
WHALES WANT YOU TO BUYLook at a weekly perspective, whales are not trying to buy at this prices, they are trying to sell the crypto they posses. Always the crypto crashes are fast and then it consolidates for at least 6 to 8 months. We are gonna see a lot of bull traps to make us think it will go to the moon. 30K. First take profit for short. And if we have the oportunity to buy at 14k- 8k (The fixed range and volume of interest for whales massive buy) will be ideal for a new cycle of bull trend. Cryptos are very interesting right now i'm not gonna lie.
BITFINEX:BTCUSDShort
by tariytrading
2
Bitcoin still Bullish ??Hii crypto lovers i am posting my idea after very long time hope you are all doing great what i am expecting right now is if we manage to close above yellow zone we are bullish & can again hit 65k but if we close below it we will hit 54400 which will act as support for adding fresh buys and incase it fails to hold next buying zone will be 49800 and target will be 55k-62k i am expecting consolidation from 50k to 65k for 1 month now and expecting to make new ATH or fresh lows during December so what you can do is go short at 65k range and go longs at 50k range. Good Luck
COINBASE:BTCUSD
by FxSniper_