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Btcusdshort

🚀 Short BTC/USD Trade Opportunity at $22620 💰Description: 💱 The cryptocurrency market can be highly volatile, and short trading can be a way to take advantage of potential price decreases. In this scenario, I'm proposing a 🔽 short trade in BTC/USD, with a selling price of $22620 and a take profit level of $21100. The stop loss level is set at $23500 to limit potential losses. Please keep in mind that 🔙 past performance is not a guarantee of future results, and it's important to have a solid 💼 risk management strategy in place when trading cryptocurrencies. Hashtags: #BTCUSD 💰 #ShortTrade 🔽 #CryptoTrading 💱 #RiskManagement 💼
CRYPTO:BTCUSDShort
by ss7trader
#BTC/USDT Red Monday Incoming? #BTC :- LTF shows a possibility of some corrections starting this week. Alts will follow. Be careful if you have been profitable in the last 5 weeks. IMHO, It's time to keep some profits aside and play carefully. This is a short-term view and if gone right it can suck all gains made in the last few weeks if you are on leverage. Please be careful and use Stop Losses. INVALIDATION:- BTC Closing above $25k. This is not financial advice So DYOR. Do hit the like button if you like it. Thank you Peace
by Cryptorphic
16
24200USD Was The Top, Here's whyI've been bearish on Bitcoin since 22500USD. Now that the price is breaking through structure, I'm convinced that Bitcoin has reached its local high. Why is the top in? The price went up for 34 days, which on average is half of a whole Bitcoin daily cycle. If we're lucky, the top will fall in the right half of the cycle, but this is too early to tell. We must wait until the end of February. Secondly, we're seeing a daily bearish divergence on the rsi. This also happened at the first top at 65k. Lastly, If you zoom into the hourly chart, youi'll notice that Bitcoin broke out of its rising channel, which is the structure i talked about in the first paragraph.
COINBASE:BTCUSDShort
by FetchTeam
Opinion: Not out of the water just yetThe bullish trend seems to hold for now and the sentiment is really shifting. Majority feels like the bottom is in for BTC. I personally have a hard time believing this. I mean if you look at the bigger picture: - another .25% rate hike; - Rate hikes will continue for all of 2023 despite being smaller; - No rate cuts all of 2023; - inflation just 'less high' but still high; - Quantative tightening still in play; - economy still has to be impacted by the steepest series of rate hikes in history; - A lot of domino effect still to come to light following all the FTX drama; - Shady stuff around some exchanges that everyone is suddenly not mentioning anymore; - etc. etc. There are just so many clouds still hanging above all markets ESPECIALLY risk assets like BTC and altcoins. You just have to ask yourself why the hell would it start a bullrun in these conditions? For now the charts look bullish but to me it feels unsustainable and maybe even manipulated. Markets are always forward looking but come on, bullish in january 2023 because in mid/ end 2024 things will START to get better? to good to be true IMO.. But i guess time will tell. Looking at the pitchfork about the big picture of this bear market + hugely overbought daily RSI we could now be facing a turning point. I expect BTC to have some bearish months first before really starting a bull run. The halving is just to far away to ignore all these macro clouds. The path i have drawn is a rough estimate of how i think next months will play out. i'm not saying this is exactly how it will move but i am saying i expect new lows before a breakout of the pitchfork. Then, after all the bad macro has priced in a bit more, rate hikes are really paused and the halving is closer, i expect a breakout and start of bullrun.
BINANCE:BTCUSDShort
by seriousHeron54438
If BTC really goes to 12k, we are F****DThis looks really bad now. I thought that we would enter a Wyckoff Accumulation pattern, but Bitcoin's continued weakness let's me fear for a worst-case scenario. There is still time and we could get lucky for a Wyckoff pattern, but should BTC really go lower, it is likely that we would visit the 12k area. Many people would then think: Awesome, cheap coins ! This is excellent ! I will buy cheap coins and then Bitcoin will make new All-time highs after the next halving. But wait ! From a technical perspective, this is really bad if Bitcoin goes really so low. It basically breaks all important support levels, and this would mean that the entire runup from 2010 until 2022, has been a completed 5-Wave Eliott structure. And that would mean that we would get a huge ABC correction, where the A wave goes to 12k, and consequently the C wave would go much lower, to around 2k. Sounds insane, but that is what would happen from a technical perspective. The B wave would go to around 40k, and people would be really optimistic again, we would see lots of "CCMF" and laser eyes, and whatnot, but in reality it would just be a bounce. And this would also coincide for when I think the real recession will come: Normally it starts about 6-12 months after the FED pivot. The FED is expected to pivot in Q1 2023. Thus, we would see the start of the real bearmarket in early 2024. THis in turn means, that there would not be a new alltime high for the Bitcoin Halving. Yes, sure, some coins would pump nicely, but we would not get the typical super mania phase where many many coins pump like crazy. On the right side I drew ETHUSD, which did something very similar a few years ago. The structure is very similar, and I think that this is what BTC would do. But of course I still hope that my previous idea will be the correct one, the Wyckoff accumulation pattern. Then we would soon see a bounce to 25k and the final spring at around 16k. Let's hope for that scenario, because the 12k scenario would mean quite a few years of brutal bearmarket.
INDEX:BTCUSD
by SebastianofMoon
24
BITCOIN - Head and Shoulders Targeting $21000BTC is in a good setup for a head and shoulders to the downside. The head and shoulders is a bearish pattern where the price bounces and returns to the "Neckline" support level the 3 times with the final return resulting in a break of neckline support. How to spot The easiest way to spot a head and shoulders is to find a support level that the price is bouncing off of. Look for a moderate bounce that returns to support followed by a larger bounce that also returns to support. This is the left shoulder, head setup. In this case, you can see a possible right shoulder forming around $23120. This price area has proven to be strong resistance. It has kept the price at bay for weeks now with all breakouts retreating back below it. As a result, it's the perfect set up for a head and shoulders. How to set your target price To determine your target price, measure the distance between the top of the head and the neckline. In this case, $1500. Subtract this amount from the neckline and you will get your target price. Make the bearish case How is the price action looking? Is the price action bearish? Is there a lot of buy or sell volume? By making a bearish case prior to your head and shoulders call, you will have more success in your trades. BTC BEARISH CASE -Broke the red channel -Returned back below strong resistance -Bear flag setup for right shoulder How to Trade Some traders like to enter their short at the top of what they perceive to be the right shoulder. The weaker (lower) the right shoulder in comparison to the left shoulder, the better. This shoulder is still early so its difficult to say whether we've topped yet, but the strong resistance would make me feel better about entering here. Other traders like to enter their short once the price has broken the neckline, which would be a more definite bearish move. Technical patterns are never 100% for certain. However, if you can spot them and trade them in the right circumstances, you will find a lot of success. Best of luck! I hope this helps improve your trading and your PnL!
COINBASE:BTCUSDEducation
by jpbrown1023
1