Btcshortsetup
Short Price Action on BtcAs clearly as the market can say that it is going down, it tells us that with the closing of such a weak daily candle.
Buyers are blown away by the supply at the significant level. If we add to the downward trend, we can have a good setup for a short position.
As you can see in the picture, the trigger is the daily candle that broke through the support of this upward correction.
For a better entry, you can look for a setup on a smaller time interval. However, if you trade this as a swing trade, then you can also short immediately.
BTC LONG TIMESubscribe to my TradingView profile
#BTC LONG SPOT
Up to 50% deposit without leverage
▪️Long orders: 22500 / 22200
▪️Stop loss: $20.500
▪️Take profit: I will update the idea, on possible correction and at strong levels (which will lead to a price decrease).
In addition: you can compare the NASDAQ / BTC chart. We are currently in a price range where BTC was holding over $35,000
Is this a positive? - rather an opportunity to assess the future of BTC ...
FOMC today, what to expect?We are moving in a downward local channel. We fall to the lower border of the bullish channel.
▫️ If we start from the lower border of the channel, the $20,800 area, then we go again to the local long
▫️ If we spill below the channel, with or without a retest, then we go to the area of $18,900
Also, do not forget about the key events today:
▫️ On July 27 (Wednesday) there will be a Fed meeting and a possible rate increase to 1%. At the same time, the market expects an increase of 0.75% from
with a 79.3% probability, and a 1% increase with a 20.3% probability.
▫️ July 28 (Thursday) will be the publication of US GDP data for the second quarter.
Subscribe to my TradingView profile
BTC Short Strategy $17KSee previous post for more detail. For take profit targets I pulled a trend based fib extension from the last top.
As you can, targets break into the 18,000s and could even take a crack at breaking $17,000
Strong reversal after; assuming hidden bullish divergence forms on the RSI.
TREND IS YOUR FRIEND - BITCOIN CHANNEL INTERSECT at 5,100 THE TREND IS YOUR FRIEND - THE FIRST GOLDEN RULE AT THE FOUNDATION OF TECHNICAL ANALYSIS.
A Multi Month parallel channel from December 2021 is PERFECTLY confirmed by Price Action; The NEXT INTERSECTION with The Lower Support Trendline
Is IN THE PRICE CENTERED ON 5,100 dollar per Bitcoin.
In full agreement with the previous bottom at 3500 ADJUSTED for inflation.
Converges with similar predictions by supply zone and multi-year Bitcoin lowest values behaviour.
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.
BTC Short PostionBTC is Still in DownTrend. And Till Now We dont see any Trend Reversel Confirmation. Based on That Here is My Idea on BTC.
After My Study here is The Price Levels on 3 TimeFrames Analysis. And all The Target What can Touch BTC Before Reverse The Trend.
I am Not A Financial Adviser. And This Is not A Financial Advice. And All Cherts Are Just My Study. So Please Do Your Own Search before open Any Trade.
Aprox. All Crypto Currencies are Correlated to BTC . So If There is a Big Dump in BTC . All alt coin go down with it. Without Respecting any Technical Analysis
If You Like My Work Just Come and Join Me.
Not A Financial Advice
BTC still looking bearish, ready to break 26k zone? BTC 1h chart update
We had a rising wedge, marked with orage S/R lines - there price was making higher-highs and higher-lows sequence, which was looking pretty bullish at that moment. Specially after what really looked like a potential bottom, as I wrote in previous update. We also saw that time lower line of wedge being tested, before price broke below as "forecasted".
At number 1., Price action (PA), turned and supply zone was created. From that point we failed to push for another higher-high, as the second attempt just took liquidity there, resulting in a fast impulse down. We hit previous pivot low, where demand zone turned PA again, to test the channel, tapping back into zone 1. At this point it became a resistance which could not be broken, failing to set a new higher-high, while the confluence of 200 EMA resistance quickly resulted in sell off.
All this was of course mostly influenced on how NDQ and SP500 moved, but the charts tell the same story.
Now coming back to test zone no. 2 and looking to update lower-low. It's a third time tapping this zone, while markets around are pretty bearish, so there's a high probability it will be broken and we will be on the way to zone 3.
This one is currently lowest local demand zone, with low pivot point of $26,7k.
If we go past it, then targets are 24k and 20k - going below it doesn't really seem feasible to me in next two months, but I also didn't expect to drop below 30k - so who am I to say? 🥲
But we want to consider all possible scenarios and trade the most probable one. Right now it looks short.
Last but not least - if we go to zone 3, without breaking through - finding support, there's a good chance we will trade in this channel of consolidation between zone 3 and zone around $32k.
BTC Short 12 hr Adam and EveBTC Short 12 hr chart is printing an ugly Adam and Eve double bottom. This is an inverse chart, so this is a setup for a short trade. Measured move taken from the bottom of the cup. Targets are marked. The bottom is not yet in guys, but we can still make money on the way down.
BTC Weekend ShortHi Guys,
Was hoping for a nice ride up today but it didn't happen so i feel a bit bearish atm so will open a short at 36250 with a stop loss at 36750.
Will see how it goes in the next couple of hours and will adjust stop loss accordingly.
Please understand that trading for me is fun and im only doing this for my education and not as financial advice.
Short Term Bearish Movement JUST FOR TRADER:
The Price Reacted The Weekly Order Block And Break Market Structure In End Of January But In Term Of Technical Analysis, We have A Very Significant Range Above The Price, Which Has Been Operating As A Character Change ( CHOCH ) Area Since Exactly Last Year. For This Reason, We Expect A Reaction And The Formation Of Short Setup Opportunities In This Area In The Short term.
BTC heavy resistance and temted to touch the short button 0_OHeavy daily resistance area for Bitcoin and going to monitor shorter timeframes for candlestick patterns like double top or head and shoulders.
Might not drop that far but still some profits can be gained in a big spike down. We'll see in a few days xd