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BTC is a good short with all this hypeThere's a lot of hype around the BTC ETF right now, and with hype comes greed, and with greed comes price crashes. Institutional money won't be able to go into BTC until ETFs are approved and functional. We won't see big volume for a little while, so this recent move up is all expectation. We just touched a massive trendline, which goes back to the lows at the beginning of the year. We touched this trendline on March 11, again on June 16, and broke through August 17. (This made a Head and Shoulders pattern....) I've been a bear on Bitcoin because of this, but I expected a retrace to this trendline. If we don't break through (and confirm) above this line, I'm expecting a plunge to $20k. Besides, if you were a massive financial institution who wanted to get into Bitcoin through an ETF, wouldn't you want to depress the price before moving in? I'm expecting a crash before institutional money can move in.
Short
by tokentradertv
1
AUDNZD I Potential short near resistance zoneHello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity AUDNZD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
2
SHIBAUSDT.PHi every one. I come back to share my idea with U. Shiba has a nice scenario in my opinion. If Shiba let us to join in short potion let's dive on it, surly it has a nice profit if not let's have a long position , I note my advice below : 1) Short position 🔻 Sell Shiba 📌Entry: 0.007185 🚫 SL: 0.007345 🚫 TP: 0.006920 1) Long position 🔻 Buy Shiba 📌Entry: 0.006930 🚫 SL: 0.006750 🚫 TP: 0.007193 BE CLEVER AND CHOOSE YOUR SIDE THEN TRADE THE ADVICE . If u want to have more our private idea text us.
1
by BanooCrypto
Inverse Cup and Handle - A Bearish Signal 🚫🐻There's a notable pattern emerging on the MATIC (Polygon) weekly chart that's raising eyebrows – an inverted Cup and Handle. This pattern is not to be taken lightly, as it signifies a strong bearish signal. If traders are considering short positions on this coin, they should watch for a retest of resistance and set their stop-loss orders above the pivot level. 📊 The Inverted Cup and Handle: A traditional Cup and Handle pattern is usually a bullish indicator, but when inverted, it takes on a bearish connotation. In the crypto world, this pattern is a warning sign that suggests a potential price drop. 🚫🐻 Timing the Entry: For traders looking to enter short positions on MATIC, patience is key. Wait for a retest of the resistance level before considering entry. This retest can confirm the strength of the resistance and provide a better entry point for short positions. 📉 Setting Stop-Loss: Risk management is vital in trading. If entering a short position, set your stop-loss orders above the pivot level. This strategy helps limit potential losses if the trade doesn't go as planned. 💼🛡️ Final Thoughts: The crypto market can be highly unpredictable, and technical patterns like the inverted Cup and Handle can provide valuable insights. However, it's essential to approach trading with caution and a well-thought-out strategy. Traders should also stay informed about MATIC's fundamentals and any market news that could influence its price. Bear in mind that trading in cryptocurrencies carries inherent risks, and it's essential to perform thorough research and use prudent risk management techniques. ❗️Get my 3 crypto trading indicators for FREE❗️ Link below🔑
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by AlexWhale
6