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Btcshorts

Holding my short down through giant BTC bear flag Yesterday I opened a short on BTC at 19950. Right now it looks like we are waterfalling down from the giant bear flag that was last month. I've placed a stop loss around 22k, and planning to hold until the upper 18k area; then I'll reassess the situation and see if I should take profit or potentially add to the short. This idea is more of a swing trade for a couple days; it's not meant as a short term trade, and I'd recommend having a wide stop loss and smaller position size. Because of Powell's speech Friday the general sentiment is bearish; stocks have dropped significantly over the weekend as well.
Short
by fluffystat
4
BTC! 2 more highly probable scenarios I'm watching at the momentI'm looking at daily timeframe. Although BTC and stock market weekly closed bullish, but BTC was rejected at 24.24.5K very strong and Stock market both S&P and NZD were closed at resistance levels. At the moment I'm waiting for stock market to open then make a decision. If stock market rejected it will drug BTC to 22.-22.5K level, which will be bullish retest of previous support before reaching 28-30K. But if Stock market pumps a little bit bcz it has a little room to run up or to make fake break out before expected correction. In this case orange scenario will play out and BTC will pump to 26.6K before expected correction and making new higher low. It is less likely but if stock market smashes through the mentioned resistance without fake breakout and deviation in that case BTC will hit 28-30K in coming days and will be rejected as it is very very strong resistance level. The last scenario less likely bcz I don't think stock market can break current resistance at once.
TVC:SPX
by ergal91
1
#BTC #Bitcoin Trading Setup for 15days.BTC as we have seen has huge potent if closes above 23419 and sustains, sustaining can bring lots of changes and can go upto 27K in a day considering there is no prior resistance. But i see a rounded retracement till 17573 and spring may happen before any prior movement as it cannot sustain 22000. So one can short from 22000 till 21500 and 20820 but eitherways holding can be done again at 18500 levels! Though make sure weekly chart has 300 SMA res and it may bounce back to 35k prior
Short
by MastaCrypta
BTC and US10Y / A negative correlation or a leading indicator ?We' re examining a correlation between BTC and US10Y 1. taking into account negative correlation between BTC and US10Y past 2 months, IF US10Y rejects at weekly resistance with doji candle, we'll see pump in BTC. 2. Considering that US10Y has broken multi months trendline and after retest will continue it's pump and it is a leading indictor ahead 1-2 months, we'll see BTC pump as well. 3. But if US10Y continues pump and negative correlation stays between them, after retest/short term BTC pump>retest 28K and maybe 35-36K / we'll see further drop in BTC
BITSTAMP:BTCUSD
by ergal91
Could Bitcoin Freefall toward $3000?Bitcoin is currently testing around the $17,000+ region, and if it falls below, the next short term FIbonacci target is around $16500, then the long-term Monthly (time frame) Fibonacci target is around $3100. This is a stark reminder of just how quickly this market can be liquidated. We saw dramatic falls between previous Fibonacci support. Stay sharp and keep tight stop losses. I am keeping an eye on these key levels on higher time frames, that I have been watching all year. These longer term support lines have proved very accurate during this bear market. It's been very easy to short to them. With the news of the economy slowing, it is very possible to see Bitcoin and overall crypto market cap continue to breakdown. Short term Fib target $16,500 There are several key support & resistance pivots around $13,100, $12,800, $10,100 and $9,000, $8,300, and $7,700 to watch for in the event the price turns down further. These would be tested long before we fall $3100. Disclaimer: This is not financial advice, do your own due diligence, only invest what you can afford to lose.
BITSTAMP:BTCUSDShort
by kingofkrypto1