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Shortbtc

Watching the grass grow is as exciting as watching BTC right nowBTC 12HR We have been consolidating sideways for a while now between 6400-6600, for me this is no mans land, a few indicators are looking bearish to me though.. According to futures data 72.35% of retail traders are long, thats ammo for a large down move in my opinion, although we have BAKKT coming up next month so i am bullish, but for now expecting a slow move downwards while BTC market cap spreads out the alts get some love. Most pro traders and big money are sitting on the sidelines, we need some news or a major event for BTC to get moving!! -Forming wedge -MACD looking bearish to me -Bear div on STOCH RSI -Price crossing under EMAs again
BITSTAMP:BTCUSDShort
by Wolf_Of_Amsterdam
1
BTC/USD short-term pullback. Short Target 7600 then 7000 Bitcoin has been gaining lots of positive momentum, especially from news about the ETF. If you look on the WEEKLY chart (I will publish below) you can see our MACD has crossed and momentum is shifting NORTH on the large scale. STOCH RSI has also shifted north on this large time frame. SO the next bull run could be starting now. I see the Waves on this chart as being completed. I believe wave one from 5800 to 6800, then down to 600 completed wave 2. SINCE it was a deep correction, we can anticipate wave wave 4 as a shallow correction. So our 5% correction should do just fine for that. Now we ran into resistance around the 8500 mark now we're retracing down the fibo lines. So if we hit the golden pocket between 50% and 61.8% it should complete our wave 1 and 2 on a larger timeframe, giving way for our next bull run (wave 3).
BITFINEX:BTCUSDShort
by jalele
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
BTCUSD Still Bearish ! Don't Get Caught !!!!Hey Guys As you may know BTCUSD is still Bullish and will probably be for the next few days/weeks. We might see a little uptrend in the next few days, but nothing worth the risk to buy! BTCUSD Got out of its Parallel channel and is ready for a little uptrend BUT it won't last long. It has Hit the Fibonacci 0.786 and bounce right back up to grab some % Remember that before any investment you need to evaluate the Risk / Reward. In this Case, I wouldn't count on a short term profit! Love you all & Remember Risk Management is the Key to success!
BITFINEX:BTCUSDShort
by CryptoDjet
Bitcoin (BTC) MA Death/Golden Cross Analysis (Part 14) --> 42%Welcome to the short leg of this trade! Below are the stats for this segment: Segment 8 05/19/2018 - BUY $8,200 05/22/2018 - SELL $8,300 TBD - BUY TBD Beginning ($): $14,200 Ending ($): $14,200 Beginning (BTC): 1.71 Ending (BTC): TBD We didn't make much of a gain against USD on our long leg, it looks like Bitcoin has been solidly descending over the past couple of weeks. We are seeing a big gap between the MA and the price right now, so expect this short to last for the next couple of days at least!
BShort
by dsgorthy
LOG Chart 1 YEAR UPTREND IS ABOUT TO BREAK!!! Warning on BTCUSDHi friends! Scary things are happening to bitcoin. We not just broke the 200 MA, but we are also about to break the almost 1 year Bullish trendline. Yes as you can see it is on the log chart. Since I am a new technical analyst, I have thirst for knowledge and want to learn as much at is possible. In the book named: Alan Farley - The Master Swing Trader, I read that on volatile stocks (it also true with cryptocurrencys) it is better to use log chart in order to get more reliable informations. As you can see on the log chart we failed to breake the mid-term (red) bearish trendline. But if you have a look at the normal chart (not log) we broke the mid-term (red) bearish trendline relatively long time ago. So as you can see it really gives a much more reliable insight to the price movement. When we hit the bearish trendline on the log chart we bounced back more significantly compared to the normal chart. Both price dropping and volatility were greater compared to the normal chart bounce. If we successfully break this GREEN 1 year old bullish trendline and we close below this on the daily chart today and tomorrow it is likely to keep falling to the next major support at out previous 6k low. We have also a cross on the weekly Stoch RSI which is a bearish sign. It is gonna take time to reach that target support. Of course we have intermediate supports, but in one or two weeks it is likely to get there. If you have any question or you diagree with something, please do me a favour and leave a comment below!:) If you found this analysis helpful, please leave a like!:) ***It is not a financial advice! I do not tell anyone to buy or sell bitcoin!***
BITFINEX:BTCUSDShort
by KryptonuQ
3
Heading towards the precipiceAccidentally posted as private idea... Current chart is with updated shoulder. +++ Another look at BTC . I initially expected the dip from recent high at 11680 and held my hands open at the 8250 mark. Unfortunately for me the drop stopped just above 8350 before bouncing back. Can't win em all! Let's take a closer look using the 5min candles as I am analyzing for a short term movement at the moment. We got down here from the recent high, creating a series of bearish flags that further resulted in more bearish flags. Inside the current purple flag that BTC is riding, we see a bearish butterfly pattern emerge reaching its climax point right at 9500, followed by a small head and shoulder. I expect within the H&S will materialize in the next hour or two and anticipate the target at ~9000 after which a pull back may occur above the neckline. Don't be fooled however. This is still in bearish momentum and I anticipate the all of these small bearish patterns to materialize in sequence one by one, and letting the long bearish flag complete. For now I'm watching next target 9000 but I won't be trying to catch that one for a bounce as it will be small (if you are leverage trading you better be quick and set your stop loss tight).
BITFINEX:BTCUSDShort
by showmethat
2
BTCUSD REBORN OF BEARS!Hi guys! Here is another quick analysis. So going back to a few days we had a nice gravestone doji/shooting star (on the daily chart ) showing that bulls were running out of power. Next day the red candle confirmed the trend reversal. We successfully broke the 10k psychological level. We also broke the 9.5k resistance which was a resistance before and after became a new support (purple line). Next support is the 0.786 fibbo at 9k. The 9k level also seems to be a good target for the elliot correction wave. After reaching 9k I do expect a little pull back to 9.5k and testing it as a new resistance. Closing below 9.5k today would be a great sign for trend continuation. My final target is still at 6.5k at the green bullish trendline . Please leave a comment if you have any question and leave a like if you found my post helpful! ***This is not a financial advice! I do not tell anyone to buy or sell bitcoin!***
BITFINEX:BTCUSDShort
by KryptonuQ
3