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Rekt

BTC outlook for AugustLower high has been created and end of month candle below 7750 indicating more bearish sentiment to continue regardless of ETF announcements. I believe this is yet another buy the rumor sell the news event same as we had with CBOE Futures. the DAY the futures went live was the same day we fell from 20k. I believe BTC has the potential to rally if we get more ETF news HYPE but even if it is approved BTC will crash after as btc is still to scary for pension funds. Which is a shame because in Australia we have a big problem with people not being able to afford retirement if the Super Funds would invest in BTC our oldies would be able to retire and relax and not have to worry about paying the aircon bill! It is one of my dream to be able to help people invest their super into crypto for the long run so they can actually live a decent life in retirement. The Govt knows about this massive problem and try to fix it by forcing employers to pay super and are continuously raising this % Due to the high cost of living in Australia its just not enough to survive. TLDR; BTC lower high = bearish
COINBASE:BTCUSDShort
by BigRoons
2
Bitcoin. Bulls might be strong, but 12750-13000 is stronger.TO BATTLE! A thousand nations of the Bagholder empire descend upon you. Their arrows will blot out the moon. Bull: "But the bulls have shown us how strong they are. Since the 6th feb the 15 minutes RSI has not dropped below 30 (29 ok...) A SINGLE TIME! We broke the downtrend we're out of the correction going to the moon" Warrior trader counterargument "See that well? THIS IS SPARTA!!!" I've held this idea for 1-2 weeks. I shall wait no more! We're finally going to approach my 13000 target. The bulls showed how convinced they have been. But the 12750-13000 area is going to slap them. Once we're here, it's time to close longs (congrats if you're in since 6000), and go short help that correction be quick. It's not 100% sure we go all the way to 12750 but if we get there it's going to be very interesting to start shorting. Posted my targets in the idea chart, but since we haven't reached a top yet, I'll have to make a new post when we get there for more precision. If you're not convinced that area is strong: Another reason for a drop at 13000 is that it's 0.5 retrace of the dump from 20k to 6k. We have to bounce there downwards. If we break 13k (approximately, and close above) directly without going down then we're going to 50k in the next 2 months. Or a whale is pumping hard. Another possibility for Elliot waves (EW don't really matter the result is the same anyway): +++ I am not a financial advisor (good luck finding one in crypto). Trade at your own risk +++
BITFINEX:BTCUSDShort
by MrRenev
1
Short Plus500 StockPlus 500 Stock - Short. ( London Stock Exchange listed) Careful as this is an AIM share and carries a higher risk than normal financial instruments due to low market-cap and (I believe) lower liquidity (more volatility- this is dangerous-) Why go short? Because European legislation is lowering down Leveraging capabilities for Traders from 300:1 buying power to 30:1 buying power. (for Plus500 users) Revenues will be slashed, just wait for the quarterly earnings report that follows the European crackdown on trading brokerages. Side note: Yes I am aware that Plus500 state they are a market-maker, where the majority of their earnings derive from Spread charges, commission and long-term position holders.. But of course they make money from the uninformed average retail traders, who get destroyed in the markets on a day to day basis. ALSO, I believe Serious traders would (ideally) move their money over to brokers, exempt from European laws, in order to bypass the leveraging cap + general Margin increases. This directly affects profits for Plus500's investors in a negative manner. Shorting instruments is dangerous, but good luck anyway. (Not psychic)
LSE:PLUSShort
by Divit_R