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Btcshortsetup

Will Bitcoin face a rejection and slump toward $29.5k?On the 1-day timeframe, a bearish divergence between price and RSI was developing. On the 4-hour chart a range formation was witnessed. Sentiment remained bullish in the market on the news of refiling of Bitcoin ETF applications from BlackRock and Fidelity. This could see FOMO from buyers if BTC breaks out past the 31K area, and a reversal here could gather a massive amount of liquidity from buyers before dumping back to the H4 lows. But it is a risky idea to short a breakout without confirmation, but waiting for such a confirmation could severely curtail R:R. Entry: $31.6k-$31.7k Take-Profit: $25.5k (just below recent lows) Stop-loss: $32.5k (invalidation above the $32.2k, this level is a high from 1 June 2022)
Short
by AMBCrypto_TA
Bearish on BTC - 12-13k No one is talking about the M pattern that didn't reach it's target yet. yes we came very close to it but this is a Macro Weekly chart. close is not enough to mark the target reached. In my opinion, we still didn't get real bloody yet. one last drop to 12-14k is something i genuinely believe in. The pump that we are seeing since January is just a retest to the M Pattern Resistance. I am personally not turning bullish unless we close a candle above 35K. NFA.
BITSTAMP:BTCUSDShort
by CryptoriaH
1
BTCUSDT - Working review and fix position!From my basic overview of BTCUSDT, each price level is worked out. As you know friends that my long position was fully closed at the price of 30800 My main selling volume worked. Everything else is shown on the trading chart. I decide to partially close the position (namely, 40% of the position volume at this level), I moved the stop loss to the entry and expect a further fall in the range of 27000-26000) as this will be an optimal correction of 10-15%. I described everything else in my trading reviews below, and accompanied this position from beginning to end. To learn more about my actions, read the description of my account BTCUSDT - Long, considered only after breaking on LFT BTCUSDT - Important level BTCUSDT - will there be a breakdown of the 30000 level? BTCUSDT - The long position scenario is completed 30000$ DONE
by JaegerB
Bitcoin Cant Hold The Price Up AnymoreBTC\4H Exited The Parallel channel When FOMC number was annonced we performed a sweep to both sides then we started to dump. After we hit our target 26.6 as mentioned in previous video we formed a Ascending triangle ( another jebait like 30k) and we exited to the upside from it with low volume which could be counted as retracement. With Banking situation and credit tightening that is happening , 25bps will have a big impact and most likely we gonna crash ( Ive talked about this more in vid My Targets are still the same : 25.4 - 23.2 Thank you for watching and all the support - Means A LOT TO ME
BINANCE:BTCUSD.PShort
by pcmonk
Bitcoin Stalling At Key Resistance... Or Is It The "NEWS?If you've been trading and investing long enough... (For me 25 years) You know that the 'News' conveniently gets released, to support market moves that have already happened. Not always, but more often than not. This news headline today makes me laugh, because we clearly shot up to technical resistance. People who say TA 'Doesn't Work' also make me laugh, because TA is the visualization of the news being disseminated (Usually before it reaches the public). That, and the group psychology of the masses, or the 'Composite Man' as Richard Wyckoff originated. We caught that nice market pump over the past week and a half, and it doesn't take a brain surgeon to see that we're due for a short-term pullback. Likely then bouncing higher, along with the stronger Weekly cycle. But of course, it's all about the news and fear surrounding the 'rates and DOJ action'... Which of course gets priced in almost in real-time, once the bigger players, whales and hedge funds get this information first. Who else has watched the Netflix show Billions? "Are you certain?" "I am not uncertain" The world of investing...
Short
by BrettFogle
1
btc/usd massive cup formationBTCUSD has printed a massive cup, I am expecting the handle to form next and for BTC to slowly grind down towards 17,600-18,600 range before eventually rocketing back upwards once the FED takes a more dovish approach and slows or stops the interest rate hikes. With six consecutive months of CPI data showing that inflation is going down, I expect that Jerome Powell will be able to take a slightly more dovish stance which in turn can uptick all markets/assets.
COINBASE:BTCUSDShort
by thecryptoapex
1
Bearish flag resulting in 10k Bitcoin Bear flag: Short term: Bitcoin seems to have a systematic bounce from its current bottom in the 40k range, where the consolidation zone may bring k the price to the 45k range where the over-arching trendline is crossing and continuation to 49-51k. In the short term can we see a bottomed out MACD and an bottomed out RSI with room to reach levels of 45k and 51k range. Long term: After re-touching 45k and 51k ranges, would the price crash downwards as buyers have taken profit at these two price ranges. The bearish flag is formed and the the over arching trend is found once again on this down sloping trendline. Price movers which pushes the price downwards are: - The recession warning from Fed, impacting eg. the housing bubble - The supply-chain crisis impacting the economy negatively, eg. the food prices negatively - Increased oil prices - War time These factors in a period of economic slow down will make people less likely to invest in cryptocurrencies to keep dollar in their wallets. Here is there a negative correlation between DXY (Dollar Cost Index) and the price of Bitcoin. These reasons may cause the price of Bitcoin to follow the bearish flag formation resulting in a strong downtrend and reaching prices of 20k and 10k.
Short
by vf_investment
11