Btcusdshort
BITCOIN Short OpportunitySignal: Green -> Red
Context: Red, Yellow
BTC , BTCUSD , BTCUSDT , BTCUSDT.P , BITCOIN , CRYPTO, CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
#BTC/USDT This is when you turn Mega Bullish!!#Bitcoin :- 74 Weekly candles traded above $28k and then 39 below it.
This is an essential level from the macro perspective.
Considering the above data Once BTC breaks above this range and enters the $32k+ mark (Expect corrections on the way).
A new Price rally will begin in Bitcoin, and Alts will follow later.
BTC is moving sideways; all we can do is wait for confirmation.
Any retest to the red MA would be a buy signal.
I am looking into a list of alts that will probably do good in the coming days.
If you want me to post those alts, Support this idea with your likes.
DYOR, NFA
Thank you
#PEACE
Bitcoin next huge volatility is comingBYBIT:BTCUSDT.P
4hr time frame
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Bitcoin is consolidating as a symmetrical triangle and approaching to the end.
It will make continuation no matter break upside or downside.
I personally tend to see it break below this triangle, and do not miss the good opportunity.
There are 2 shorting positions on BTC(FYI MY POSITIONS ARE AT $23.9K)
If I miss it I miss it, oh well
Positions
Potential positions; $18.2k & $23.9k
18.2k broke a few weekly candles, this isn't good at all but with a good position everything will be fine right?
well we will see
If we get into a position at 23.9k and the weekly stays under 18.2k I can promise we can make profit but if it closes above 18.2k then that's when I get confused with a miner bullish thesis. Once bulls close weekly/weekly's above $24k then ill have a major bullish thesis but I highly doubt till happen.
We need weekly's to close under $18.2k and when the last weekly closes under 16.1k then that's when we see a +20% fall
[i ]Take Profit
T1: $9,699
T2: $6,999
T3: (aka sell your soul): $1,000 - $2,500
glhf, be safe leverage is no joke
Bitcoin looks to be forming a top.Bitcoin - 24h expiry - We look to Sell a break of 26448 (stop at 27458)
Price action looks to be forming a top.
Short term MACD has turned negative.
A break of the recent low at 26473 should result in a further move lower.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
The bias is to break to the downside.
Our profit targets will be 24008 and 23508
Resistance: 27200 / 28000 / 28850
Support: 26500 / 26000 / 25000
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BTC, Laught now, Cry laterBTC last correction is ending, next is heading to negative value
As we can see, comparing to oil chart during the covid crash, when in extreme market conditions, too much "dumb money" on same side, sharks take use of that to make big money while all the dumb money bets on the same side.
100k+ calls are a good example of the dumb money here in this market conditions when DXY is preparing a next leg to the upside.
I expect same conditions as it happened on oil during 2020, more the price falls, more longs will be added to the market, market will get irrational and drop as much as it needs to get all longs out, bellow 0 is a good number to get everyone out of longs
A good trade now, a short at any price, SL placed above 30k
And TP bellow 10k
Check previous charts as I predicted euro crash before it happened as well during 2021
Have Bitcoin topped for now?After the strong rise above 25k resistance, BtcUsd has accelerated its gains and reached a top above 29k.
The 29k-30k zone is a strong resistance zone that I've spoken about several times and considering in the last week we have 2 bearish engulfing formations in this zone we can expect a correction.
That being said, rallies should be sold and short-term traders could target 25k for their sell trades