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Shortbtc

Bitcoin is in downtrend as it breaks major support lineBitcoin is making lower low and lower high confirms bearish signal by breaking major support. From my previous analysis, we can see Bitocoin had pullback to $11,000 and price has been rejected from ‘Resistance line made by lower high’ started down trend breaking major support at $9800. Next suport for bitcoin is $8800. We will analyze again,when it reaches near next support based on how it reacts with it. Until than create short positon make profit at each drop.. Please like, follow and let me know if you looking analysis for other coins, I will try my best.
BITFINEX:BTCUSDShort
by AnkitSalgia
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
Bitcoin most likely down to 6900 area after reaching 8000After bloody Sunday crypto market looks green on Monday. I think everybody feels that we are in a very risky area. Personally, I think we're going down. We need a healthy correction. Volume is very low. We could repeat the pattern we saw the last weeks, but the other way around. Binance order book also gives us a good idea. We can see 266 btc at 8000 usd and 72 btc at 8100 usd sales. Super excited to see how the things will play out. Greed is in the air, we need to stay sane and make good decisions.
Short
by viqqa
VOLUME ON THE BEAR SIDEHi guys! As you can see since we broke out from the trinagle on the 26th of May with low volume, we always had a big sell volume followed by a small buy volume. What I am looking for is a big sell volume, bigger than the previous buy volumes. We found resistance at the 0.382 fibb. level, which is a great sign for a continuing correction. If we have a look on the weekly chart, we can find further confirmations of a potential correction. First: Reversed Hammer green candle - LOW VOLUME Second: Followed by a doji candle - LOW VOLUME Third: We are currcently forming our RED reversed hammer - LOW VOLUME Low volume with these candle formations favours for the bears. Of Course, anything can happen, but it highly more likely to break downwards, than upwards. ***It is not a financial advice, it is only my own opinion*** If you liked the analysis please leave a like, if you have any quesionts leave a comment below!
BITSTAMP:BTCUSDShort
by KryptonuQ
Way Too Much ResistanceHi guys! It might seems like, that we are ready again for another move upwards and the correction ended. But in my opinion it is not the case. If you have a look on the fibbonachi, you can see that we pulled back to the 0.382 level which is quite important. 8k also acts as a psychological resistance. The VPVR also shows resistance and I drew a black trendline which is also a resistance. The last thing is the very overbought 4H stochastic RSI. If we take all these informations, I think it is more likely to break downwards, to our first target range: 7k-6.8k. ***It is not a financial advice, it is only my opinion.*** If you liked the analysis, consider leaving a like, and if you have any questions feel free to comment below!
BITSTAMP:BTCUSDShort
by KryptonuQ
2
MAJOR CORRECTION HAPPENINGHi guys! As I predicted in my previous analysis we had a fakeout to 9k pulled back immediately. After we broke out of the falling wedge we bounced from 8k (VPVR resistance) and then we tested the wedge as a resistance at 8.8k than we started to fall. Everything goes according to plan so far. As I mentioned before the key moving averages are the 50 and 100 MA based on the previous bullrun in 2017. I am also keeping an eye on the fibb levels and the huge VPVR resistance at 6.4k. A correction to 6.4 would make the most sense. I will probably start to average in from the 7k-6.8k range. I will keep you guys updated. ***It is not a financial advice, It is only my own opinion*** If you have any question, leave comment, and if you found it helpful don't be afraid to hit the like button!
BITSTAMP:BTCUSDShort
by KryptonuQ
BTC PULLBACK TARGETSHi guys! If you read my previous analysis, you know that I preticted that we gonna have a fakeout to 9K than immediately pull back. I do not think it is gonna be a very short-living pullback, I think the 8K will not act as a support. It would be a way too small pullback compared to our parabolic run. The 21 EMA (blue line) should also not hold. What I will be looking at is the 50 MA (purple line) and the 100 MA (green line). If we look at the price of bitcoin in the last parabolic run in 2017 you can see that when we had a move up we pulled back to the 50 or the 100 MA. We can also see that at the start of the parabolic run we pulled back to the 100 MA and than as we got higher and higher the 50 MA was the one that acted as a support. Since we are only at the start of a bull run, I would say that it is more probable that we will see a pullback to the 100 MA. At the time we get there it will be around the 6.4K region what I also mentioned in my previous analysis. ***It is not a financial advice! It is only my opinion and you should always do your own research!*** If you liked the analysis please leave a like, and if you have any questions feel free to leave a comment.
BITSTAMP:BTCUSDShort
by KryptonuQ
Ready For The Next Wave To 10K?Hi guys! As you can see on the 4H chart we are forming this bullish triangle. The volume is decreasing we are making higher lows. The 7500 USD level acted as support, so the next target is the top of the triangle at around 8200 USD. According to VPVP we have a quite strong resistance at 7950-8000 USD which is not surprising, since it is a round number and also a psychologically important level. Both the Stochastic RSI and simple RSI looks healty, so the move upwards could be probable. On the picture below on the daily time frame you can see that 10K is a previous top which should be our next target in case we brake upwards. In case we brake downwarsds I would except move down to 6400 USD which is a 0.382 Fibbo level and VPVR also shows strong support there. ***It is not a financial advice, it is only my personal opinion.*** If you have any questions leave a comment below, and if you found it helpful please leave a like!
COINBASE:BTCUSD
by KryptonuQ