Get started

Sellbtc

BTC down (GAP, new uptrend etc)Finally BTC has bounced from 29278 and is close to the resistance level of 35000 - 36000. The movement was quite predictable, as we wrote it before. BTC continued to move in its "profit channel". This week BTC has touched the bottom at the end of the week and we can see a good speculating effect of holidays. But it is early for BTC to go higher. If this bottom began the new H4 uptrend line, than it should be retested soon. We can also see a small GAP at 29650 that can also be closed. Impulse - correction - impulse is over. Be careful with your trades, and with your TV rates!
by Scalper_Season
BTC down when Amazon denies BTC paymentsAs we didn't expect - the rumours about BTC payments pulled BTC price higher than H1 downtrend channel. As we expected than - a good bounce from the resistance of 40500 - 40000 to the level of 37000 - 36500. The price now is about 37000 and we should share our trading ideas with you. The main thing is that we are still in a major sideway correction. It is on the way, and we can see the real efforts to brake the downtrend and move up again (but not now). There still was no real downtrend correction, as you can see it in the chart. Probably BTC can move higher, but not so high as the Binance squizze (LOL). Please also mention that now we have a HUGE GAP on 34550 - 32450 that can be closed in this week. So we are again looking for a good SHORT position and will keep in touch with more good ideas from Scalper Season Team. If BTC will be stable for few days higher than 42000 - 41000, than we can expect it above 57000 - 55000.
Short
by Scalper_Season
4
BTC profit channelBTC seems to be quite predictable last weeks. The reason is H1 channel, that shows us flatting downtrend of BTC. As we expected the bounce from the support zones yesterday, there is an idea that the price can move down again. If that happens, we can see BTC retesting 31000 - 30000 zones with a new bounce effort. If buyers continue to show the interest, there will be a chance to go to 35000 and even higher. Anyway, 2 major channels H1 and H4 are showing a permanent downtrend. Be careful and mention it in your trades.
by Scalper_Season
BTC looks like bearish this weekendThis week BTC lokal price reached the high of 35500 and couldn't breake the downtrend line. This local high now looks more like a bounce from last deep. Today is the date of futures experations on CME. We think that this bounce was made specially for big capital to come out as profitable as possible. Scalper Season analytics have an idea that BTC sale is still not over. We can see new serious support level at 28500, so BTC can easilly retest 31000-29000 in few days. Next week will be very important for bulls. If there will be not enough buying interest, local downtrend will continue.
Short
by Scalper_Season
3
BTC/USD correction5 waves move from 12 Mar '20 finished. Also we've got A and B waves of correction with 12345 structure. On daily chart we have 12345 structure and ABC correction formation. But on monthly chart Bitcoin seems like it came from nowhere to the moon. It got pumped when COVID-19 happened. Also it will be dumped back when it gone. In daily chart we're waiting for corrective wave C which normally hit price between 0.382 and 0.618 Fib Retracement levels. On BTC/USD this is 42000 level. After this one we might see another impulse to the moon. Will see. I bought it with 10x margin when it was 14000, but now here is nothing but sell. I will buy a little after C wave done. But we don't know who hard it can be pumped. Bitcoin overrated and you cannot make a new world currency out of it, while it can rise or drop for 10k in a weekend, so you can't seriously hold this and pray for lifetime raising. But Bitcoing is new generation. Something like gold, but not gold at all. I swear we will see new cryptocurrency which will change fiat money. But we need long years before it come.
COINBASE:BTCUSDShort
by Fridrex
WHY 10K WONT HAPPENHi guys! I think the 10k that everyone is talking about, might not gonna be reached before a major correction. Or if we do hit the bears gonna step in immediately. Why I think that? If you look the 2015 chart when the bear market ended, the first parabolic move took us to 500 USD. It is very similar to 10k because it is a big psycholgical level and also a round number. We can also notice another similar thing. The 500 USD is very near to the 0.382 fib level. We are also very near to the 0.382 fibb right now. So we are at the exact same fibb level, and we are also at a key price level. As you can see after the price hit 500 usd it crashed 40%. It could happen this time too. Leave a comment and share your thoughts with me. If you liked the analysis please leave a like! ***It is not a financial advice, It is only my own opinion.***
BITSTAMP:BTCUSDShort
by KryptonuQ
16
QUAD BOTTOM - STILL BEARISHHi guys! As you can see my chart we touched the 7.4K-7.5K range 4 times! You might think that the more time we test a price level, the stronger is becomes, as a support. However the opposite is true. The more time we test a level the higher the chance we gonna break it. We also made a lower low on the 4H chart, creating a double top formation. Both tops are on the 0.382 fibb level which is acting as a strong resistance. ***It is not a financial advice, it is only my own opinion*** If you liked the analysis please leave a like, and if you have any questions comment below!
BITSTAMP:BTCUSDShort
by KryptonuQ
MOON or HELLHi guys! I wanna share my analysis with you, I do hope you find it helpful. If you liked it please leave a like and If you have any questions leave a comment below!:) BTC is now in a clear bear market, price action is negative and the sentiment is also negative. Will it moon or we gonna crash? No one knows. Anyone stating that it is 100% gonna go up or go down is just a gambler. In the past days BTC's price decreased very heavily. Moving in this descending triangle , most people expected that we gonna go down to 6.5K and not to break the April low at around 6.4k then move up to the BLUE trendline at around 8.5k. That sounds like a perfect trade that everyone sees and that is why these seemingly easy and obvious scenarios do not play out. If you want to be a successful trader you should always go against the crowd, but the timing is key. We have key support levels at 6k 5.5k and at 5k. These round numbers, previous lows or tops are the key supports for the next days, weeks or months. I do expect to break below 6k. That would scare a lot of trades causing even more panic sells and probably also incresing the number of shorts. As you can see below, short positions are increasing exponentially. You can also see that short positions are very overbought. If the price falls below 6k it is uncertain which support will hold or break, but when we reverse it should be rapid. The increasing number of short positions and then the reversing price could end up in a short squeeze. Just like on the 12th of April when short positions dropped almost 50% in one day and the price os BTC increased by 20% in one day. If we do reach 5k and it can't hold which in my opinion is very unlikely, then it is gonna be tough and gonna take a lot of time for BTC and for the whole crypto market to recover. 5k is not only a previous top that acts as a new support, but is very important psychologically too! On the 4H chart you can also see that the rally yesterday retraced the price to the 0.382 fibb which is a very important resistance and bulls did not manage to break it. It is possible that we gonna form a reversed head and shoulders where the RED trendline is the neckline. In case of breaking above the 0.318 fibb on the chart above at 6750 usd than our next target is at 7 and 7.5k-7.6k as you can see on another chart below. The engulfing candle and the oversold RSI could lead to this possible short term reverse. In this falling market price averaging is a good idea since buying at the very bottom is almost impossible, because nobody knows where it is. ***It is not a financial advice. Always do your own research before investing into anything!***
BITFINEX:BTCUSD
by KryptonuQ
Golden Ratio Rules EverythingHi friends, It's been a while since my last post, I am quite busy these days, but now we are at a key level and I have to share it with you. As you can see after the rally to 10k we had a big correction. We hit the 0,618 fibb. level as known as golden ratio. Today's closing price is a very significant one. We are in a downtrend according to 200MA (RED LINE) and 200EMA (PURPLE LINE), but if today we close above the 0,618 fibbo level at 7.8k that could be the first confirmation of a mid-term bullrun. This level also seems to be the 5th elliote wave which is a good sign for a potential reversal. Closing above this level with a reversed hammer and follwing it with a green candle tomorrow is exactly we are looking for. The first target would be the 0,382 fibbo and the 200EMA. But as always we have to be aware of the bad scenario. Closing below this level would reinforce bears and we would likely continue our path to the BLUE trendline (7.2-7k). If you found it helpful please leave a like, it means a lot to me! ***It is not a financial advice***
BITFINEX:BTCUSD
by KryptonuQ