BTC Short it till you can't no mo!Based on my EWT analysis of this correction, it would seem that we are in a small acde subwave triangle as part of the final wave 5 of c. I believe this ties into the falling wedge pattern well and the fib time zone lines which you will see in 3 different colors here, are shockingly accurate as it petains to their history of predicting an upcoming catalyst of some sort. youll notice here that previous dropps and pumps have been proceeded by the fib time lines.
Xbtshort
Bitcoin TODAY (waves) 09.11.2019Hello friends!
We see the probability of working out 2 scenarios.
There is a good setup for purchases BTC right now.
Sales should be considered from the limit levels.
Buying Details
Bitcoin purchases are relevant from the level of 8780.
Stop loss level is 8700.
The first profit taking level is 9230.
After successfully building the initial impulse and local price correction, a bullish rally may continue in the direction of 11000.
Short sales Details
BTC sales are relevant from levels 8970-9090.
Stop loss at 9250.
The take profit level is 8250.
Bitcoin price overview (waves) 04.11.2019Hello friends!
It's time to carefully monitor the dynamics of price BTC.
At the moment, once again, the correction model has been updated.
We are considering 2 scenarios.
Main
We are planning a set of long bitcoin positions in wave ii (subminuette). We consider the key level of the end of the growth session within the level of 10900.
Alternative
We plan a set of short positions of bitcoin in wave II (Minute):
1) upon reaching 10900;
2) with an unsuccessful session of growth and breaking through the level of 9100.
Good luck to everyone!
Another Heavy drop of BTC to 6k~7k area incoming.hi guys, welcome to another analysis of btc.
first, i have to say, i cannot explicit how bearish btc has been, having not testing what it should have.
most of the times, when btc falls down under 200ma daily, it tests 200ma, closes above, tests upper zone to
50ma, now at 9k areas.
however, at the point now where btc has 50/200ma death cross looming, this seems very difficult at the moment.
we have touched the 7700 support at 200ema(2day) for some times now, and it has managed to break above a bit.
however volume of buying at support is coming low, even with the daily bull divergences.
historically, when we have 200/50 ma death cross, which imply heavy drop to accumulation zone.
scenario until next month, more likely mid november we have two scenarios.
1. 8200~8500->8100->8.4~8.5k->7400~7700->8.5~8.7k->6k areas
2. 8200-8500->8100->8.4~8.5k->7.7k->7.7k~8.2k->6k areas.
first and the second scenarios have one difference. which is that it can give a low and go up again until early november. or, it can just get wrecked all at once.
at any scenario, it is pointing downwards. however, i do think that from late october to early november we will see a short alt season, mainly with bitcoin cash(hardfork at nov 15th), so we have to look after that.
so heavy drop can come from mid november, especially when president trump will sign the trade terms with china in apec 16~17th. a minor drop should come before that though.
so now is time where, you have to accumulate shorts from 8250~8320/8.4~8.5k/8.7k in order.
people say it would go up to 9k, but at the moment, i heavily doubt that would happen, the max top could be 8.6~8.7k area that i can imagine of.
the risk vs profit stands on short side. we can sell shorts at at least low 7k area, or even lower in coming days,
or coming month.
when we reach 6k some area, it would be great to trade alt coins as btc would accumulate with small movements.
from there, we have to analyze if this can turn over things and go for the halving run, or not. because, usually
it takes more time then that.
weekly chart, you see macd still retracing. there is no signs of real comeback.
monthly wise, it looks like it will close under the conversion line at 8700. this would drag the price low.
when btc closes above 8700 in monthly, we can think about reversing, but now, all we see is small bounces
and more drop incoming.
so short safe. we will have good times in the future. don't long so much in this region.
of course, short term you can long at 8100 area, looking to sell above 8200/8300. now we have daily baseline resistance at 8250/8300 area which is difficult for trading.
i still have shorts from 8700, and added up 8280. i plan to simply add up when price comes up.
good luck.
BTCUSD today analysis, 190927. Recommend to wait until $6500.Hello my friends. It's Cryptoranger K.
For a few days, the candle is almost in place. Based on the two-day chart, the candle has recently fallen close to vertical and is quite far from the 5day line. Also, given that the candle is out of the bottom of the Bollinger band, there seems to be a rebound in any way. It's not big around $ 7400, but it appears to be a band of resistance. I think the price will rebound here once. However, because the volume profile there seems to be less supportive, I expect that the price will only approach the 10-day line even if there is a rebound. It is expected that the price will continue to fall to $ 6500 after which the price will rebound to at least the 20day line.
Esperando confirmación del mercado bajistaSaludos cripto-traders!
Nuestro pasado trade fue un rotundo éxito, el precio de bitcoin cayó más de lo que esperábamos y el precio llegó a los 8.000 dólares. Tuvimos un profit alrededor de 250%.
En este análisis puede observarse que continúo con mi posición en short con un SL en los 8500. Tomo este trade debido a que el rebote alcista ha sido muy débil, por lo que se espera que el mercado siga corrigiéndose lo que queda de este año.
Tenemos que tener como objetivos de precio para tomar ganancias entre los 7400, 6200 y los 5000 dólares.
Si este análisis te sirve de ayuda y deseas apoyarme puedes donar unos cuantos satoshis a esta dirección:
BTC:1Ci9CyHUYQHiz4mfK4MFJWDvKGCAfak5f1
Bitcoin breakout target 9,000For last few days, the current price range has been getting very less volatile and was around 10,300.
As I have published earlier Bitcoin is in primary trend is downward. Current breakout of 10,000 level will take bitcoin to 9,000, where it will get it's first support.
Trading price 9700
SL closing above 10,000 on 4 hour chart.
Target 9000
Do your own research and if this matching with mine then you are ready to go!
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