Btcshortsetup
BTC POTENTIAL looking scenario right now According to some indicators and current market situation as retails investors continue to sell on support .
short is brewing .
we saw the 10k crash earlier. Could be another one coming who knows.
long term investors are still there.
as pi cycle say we could go below 20k but there is a very little possibility of that as if it would than it will probably go to 9000 for cme gap .
as the current situation bears are in control, no to little volume .
current scenario : 30k-28k => 31k then we either go to 38k or to 18k
gl
Bitcoin struggling to overcome 6 Hr, looks to retest 4 Hr trendA lot of people trade fibonacci and EMA's. I love both of these indicators. However, trend lines are where it's at along with Support and resistance lines. Don't get me wrong, EMA's (moving averages) along with fib lines, are great indications of where price could hit.
However, trend lines mark the reality of where price action will be, and support/resistance lines provide the guide; moving averages are just the indicator that lets you know the price reached that point in the chart- not predetermined targets.
Based on the chart analysis and RSI/SRSI movements, I believe Bitcoin will test the 4 hour. This would be a short term setup in my opinion and I would look to see it bounce around. Let's see what happens, this is still a bear market. I would anticipate Bitcoin holding the 25 EMA on the 4 hour chart if we were not in a downward trend, the higher time frame is showing red still in the shaded line in the background. IF we drop below the 6 hr and the 25 EMA on the 4 hr, we will likely see a 10%+ drop.
Not financial advice, don't invest more than you can afford to lose. If you aren't leverage trading this market, you are crazy. If you want to learn how Leverage trading is NOT A SCAM, I would love to teach you what I'm doing, and also show you how to adjust your leverage depending on price momentum so you don't get liquidated. Leave a comment. I'll get back to you.
Bitcoin could test $30,000 again, then $18,000Bitcoin BITSTAMP:BTCUSD punched through the 200 day moving average and created a new resistance at $42475 which we are below now. Hopefully you took some profit from most of your trades, and hopefully you didn't buy at the top.
Price action likes to move to the next trend line or support/resistance line down, and usually only bounces back up once it finds support, bounces a few times. For me, I only buy when there is a breakout, or confirmed breakdown; and as it stands we are below resistance.
The tools I am using here include time frame trend lines, parabolic confirmation( red or green circles), dashed support/resistance lines. Each orange diamond is a pivot point, and the red/green/gray pivot markers confirm a change in trend along with the breaks on the current time frame trend line (green/red thin line between candles)
Be prepared to have buy orders at $30K and $18K if we do not break back above $42475.
BTC Dropping to 45K and possibly further!!! Short Term analysisBTC gave us a fakeout above 60k and has since failed to find support at the 54-56k range sending us down to the 48-51k levels. It looks to me that this pattern of a rounding top may fractalize and continue a 3rd time sending us to 44-46k before any type of bullish correction in price.
THIS IS NO FINANCIAL ADVICE IT IS STRICTLY MY OWN PERSONAL TECHNICAL ANALYSIS THEREFORE IT IS MY OPINON.
BTC SELL OFF HAS STARTEDWatch as the Diamond hands turn to Crystal. On March the 17th I called the end of the Bull run on Twitter.
Good opportunity for short Futures or Sell trades whatever your flavor.
Weekly: Price closed just above the previous Top, although this would generally not be considered a Double top, nothing is perfect in the world of trading. Its a strong bearish signal nevertheless. Price is rolling over nicely
Daily: 6 out of the last 10 bars are red, quite a gap between the EMA's which is further confirmation.
4HR: Psychologically anything below 50000 is going to force a selloff, we are already seeing plenty of evidence of this now around 53000. 21 and 50 EMA's have crossed. Critical Support is looming @ 53213. Overall purchasing volume has been declining for weeks despite a couple of pumps from fundamental alerts like Elon Musk and the likes. The follow-through from his tweets hasn't had the impact that others have. More sellers/holders than buyers. Another contributing factor is the good old Winklevoss twins as soon as volume drops they start tweeting all kinds of things like "Institutional investors have 1.5 billion is sitting on the sidelines ready to enter" It's in their best interests for BTC to forever climb as their personal holdings combined with Gemini's holdings are significant. Like trading, 90% lose 10% win if the crowd is bullish where should your attention be?
Interested to hear your analysis if you agree or disagree, leave it below. BTC has some of the best debates on the planet
PS, I'm an early adopter, not a BTC hater. The 100K target will be breached next bull run, economically there are no many factors like Covid and China's behavior in the South China sea that has investors sitting on their hand's atm.
BTCUSD What do you guys think? Crash Imminent?On the 1 day chart we can see bitcoin flew off the Fib , Made a Cup and Handle, and to me is looking like a reversal/crash to 16,500 is imminent (here within a few weeks/18 days give or take). However the oscillator shows it could just be getting started even if it does crash. What do you guys think? Is bitcoin headed for new highs or is this crash to 16,500 or lower imminent? Thanks!
BTC Daily: Bearish divergence - Ichimoku - Rising wedgeBTC Daily
Let's keep the chart and analysis as simple as possible.
The daily shows a bearish divergence between RSI and price. It could mean that bears are ready to take control again.
The rising wedge also signals a reversal pattern to the downside.
So where does it go from here?
As a first target we could see a retest of the Kijun line on the daily.
Further analysis including moving averages and fibonacci levels can be done separately for further indications on price targets. (Coming soon)
Trade safe.
BTCUSDT - Short the Retest / 15% GAINS !!!-NEW author on TradingView
-2+ years experience in markets
-Professional chart break downs
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-Key S/R levels
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BTCUSDT 4h: BEST level to SHORT 15% gains (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: BTCUSDT 4h chart review / outlook
::: small bounce possible right now
::: likely setting up for a bigger move downwards by rejecting major resistance 11100-11500 USD
::: however short-term I recommend to focus
::: on selling HIGH from confirmed resistance
::: key resistance: 1125-1400 USD
::: key support level: 8925 USD
::: recommended strategy: SHORT IT 1125-11350 USD
::: SL 11600USD TP 8930 USD
::: good luck traders
Bitcoin: Sidestepping the Sell Signal?While Bitcoin is still within the range of a supportive inflection point (10,500 AREA), it is on the verge of generating a new SELL signal. Our swing trade strategy strictly prohibits shorts, so we have no intention of participating, but I will mention it since that is what the chart is presenting.
Things to look out for though: The broader trend has NOT changed. Which means bearish fake outs are very likely (double bottom, failed low). If taking a trade on the short side, it is a good idea to use more conservative targets in such an environment. Anyone that is hyping over exaggerated levels like 6K are seeking attention.
In order for our broader technical outlook to change from bullish to neutral, the low 9K area needs to be cleared. ANYTHING can happen so it is possible, but the probability of such an event at this point is still low.
The momentum from the recent bearish move can still follow through, but what we are anticipating is a broad consolidation with the range lows established somewhere in the mid to low 9Ks. Those are now the areas we are looking at for new potential swing trades long. This type of chart formation can take weeks to unfold.
It is important to keep in mind, NO ONE knows anything for sure in this game (unless you have inside information). And a chart CAN'T provide any type of precision timing. Charts can imply clues and we measure RISK from those clues. When new information presents itself (like the 11K support break) the BEST we can do is ADJUST our outlook and probabilities based on what that information implies. What produces performance over time is GOOD RISK MANAGEMENT. Simply put: you need to lose less than what you win, otherwise you cannot win over time, no matter how high your win rate is.