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Btcusdshort

Bitcoin- Back above support. I'm not bullish thoughAfter the recent high at 25k, bitcoin has started to drop and last week it also fell below the support level in the 21k area. However, this was a short-lived spike and now the price is back above again. Although technically this could be an indication of reversal, with the problems from the financial market, I don't expect much continuation to the upside. A new drop under 21.500 would put strong selling pressure on the price and 18k support zone could be bears target. I'm looking to sell
BITSTAMP:BTCUSDShort
by Mihai_Iacob
45
BTC consolidation confirmed !every detail is on the chart. the only viable behavior is the one depicted on the chart. any other pump or dump is out of prediction. note that in many altcoins, we are in a Fibonacci support area, so be careful with short positions before breaking those spots. however totally the market is bearish and you should give more credit to your short positions. the first spot for great support is 19K to 20K. use less short positions as you get closer to this area. please feel free to leave comments and questions below.
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by Finnovin
6
Bitcoin -> Bullrun Already Over?Hello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that Bitcoin is now actually breaking below the previous support zone, creating bearish market structure, so at least for the short-term, everything seems quite bearish. However you can also see that Bitcoin had a quite massive pump recently, the emas also shifted towards the upside, so I just expect a short term correction to the next support zone and then the longer term continuation towards the upside. On the daily timeframe you can see that the market is basically in free-fall mode, so I am now just waiting for a retest of the next support zone at the $18500 and if we then have some bullish confirmation, I do expect the next impulse towards the upside from there. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
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by basictradingtv
32
(Not FUD) Get Out Now!Crypto is going DOWN into the end of 2023. 2024 to 2027 could see a giant bull run after this move. This next leg down will be the one that causes people to proclaim that crypto is dying and be quite hopeless as the price really breaks down, which is exactly the psychological point you should be buying during if you're a long-term investor. But patience is key. Wait for the strong down move to 9-10k, then we should weakly, slowly step down into the 6k level and retest the huge support there from the last corrective cycle. I trade short & long-term, and while crypto is a great investment over the next 10 years, now is NOT the time to be buying. If anything you should take any profits you have and save cash and wait and see what goes down. I expect many more bankruptcies and crypto exchanges liquidating and closing down. This is a necessary cycle to weed out the bad players and is a healthy sign of a new market. Embrace it and realize you're going to get a great buy-in soon. Bitcoin is indicating a final major breakdown before the new bull cycle starts. We have just completed a bearish running flat and this is going to be the NASTY final wave. It could get really scary but keep your wits about you because it will open up the opportunity for a massively discounted buy-in if you save your cash, buy when people are panicking, and hold for a few years. I'll buy backing up the truck and loading the hell up around 5k-7k. At this point, people will be either too broke to buy or too scared.
BITSTAMP:BTCUSDShort
by MonetaryRebel
15
BTC/USDTBitcoin should have gone down because it had a divergence in rsi and had filled sell orders at 25k and also encountered heavy resistance. On the other hand, it was very good that the cme chat was also filled. If he can close today's close candle above the ma 100 curve, he can hope for a rise in the short term, otherwise he can go down to the purple box that I specified. At the moment, a full 5-wave Elliott pattern has also been observed, but the length of the 5th wave can change.
by mohsenomidy
Bitcoin ($BTC) Corrective structure in short term? We'll see...Hi everyone! If we look at our analysis on the daily chart (see chart below), the price action has reached a very important resistance area (trendline). Having said that, returning to our intraday chart, we see that the bullish structure may have completed, or almost completed, its development. Some reversal pattern should appear from one of these areas, let's wait. DAILY ANALYSIS (click and Play chart below) If this idea will be supported by your "Likes" we will continue to follow the crypto with updates below. thanks for your attention and please... trade with care! 💖
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by TheAnonymousBanker
21
#Bitcoin - thoughts out loud #1.Good afternoon, dear colleagues! I want to continue my opinion and vision of the current situation on the cryptocurrency market on the example of this instrument. In the New Year, we see positive dynamics, but this is not enough to index this movement as "successful". Therefore, in order to update local highs, we have to go even lower to gain positions at more favorable prices for ourselves (price range 15555-16666). Scenarios of possible development of the situation №1,№2 are relevant, but the market will settle everything by itself. If we consider the picture on the smaller time frames for a more detailed assessment of the market strength. Dear colleagues, on the 4H time frame, we see how the price was artificially held by professional operators. Pay attention to the first two processes (marked with a circle), we have a great volume, a great result in relation to each other, but the progress does not suit us, okay, we can ignore the progress. We go further and on the 3rd process there is a sign of local force on increased volumes, everything suits us perfectly. And the fourth, extreme situation (blue rectangle) highlighted bars and volumes, the question is why we observe an abnormal volume on the narrowing spread? My assessment of this situation is "WEAKNESS" but on the news background we can observe a false breakout of the highs and further depreciation of the instrument. Thank you all for your attention, I wish you success, and remember: Sometimes you win/sometimes you learn.
by WVitalievich
2