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Xbtusdshort

XBTUSD, H&S setup short incomingI feel like we really need to close above the Daily 21 EMA ($8200) to stay bullish if not we could be a head and shoulders formation. I'm currently biased to short and will be opening up a short position on BitMex Buy @ $8175 - 8250 Stop @ $8270 - 8350 Target @ $7470 Target 2 - 6800 5x Leverage at $8050 move stop top $8100 for a risk-free trade if we fall thru with a closed candle on the Daily see a below $7470, I then will be looking to $6800 mark.
BITMEX:BTCUSD.PShort
by SlayTheOrc
BTC Drop Incoming?It looks like our prediction last night came true, with BTC's price enjoying moderate gains over the 12 hours since posting. Like all good things, this uptrend must end eventually. We saw the completion of an inverse head and shoulders pattern at around 9 AM today(pink line), followed by a small increase in price. Don't be fooled, however, as a downwards reversal is looming. Looking at the WaveRunner Indicator, we see that volume has remained relatively low since the beginning of today's positive price trend. This definitely screams bearish divergence and traders should be weary of entering a long position today. On the top chart, there is an 18 period slow EMA (blue) and 9 period fast EMA(orange). We've charted the expected projection of both the fast EMA and slow EMA in light blue and light orange. Traders should expect a downwards crossing later this afternoon(highlighted by the maroon flag), with the price topping out around 9475- 9490. If this happens, we can expect a sharp fall and moderate correction down to $9200. The dotted green line shows the projected price, which turns red at the upcoming EMA crossing to signal the beginning of the reversal. This is shaping up to be a perfect opportunity for anyone trading XBT to enter a short position and cash in big time!
COINBASE:BTCUSDShort
by ProfitProgrammers
3
Bitcoin (XBTUSD) Potential move higherIt seems like there is lots of selling at the current area, meaning that once the sellers are done, price can move up. This is exactly what happened at the 7500 - 7900 levels. Therefore, you can long here and close at 9200-9300+ safely, if price shows strength. Thanks for viewing! This is a shorter term idea. Keep in mind I am still bearish longer term. However, there is nothing to suggest there won't be a few moves upwards before the breakdown. Bearish idea can be found in the related idea section.
BITMEX:BTCUSD.PLong
by HD1184K
Bitcoin (BTCUSD) In Wyckoff Distribution?Before you make fun of me, I know how this looks like. I've looked through my past ideas and it seems like I am a perma-bear. That is not the case. I am very bullish on Bitcoin and have longed previous prices, but just have not shared those ideas publically. I posted all my trades in the previous related ideas section, which includes some bad ones. Bitcoin currently seems like it is in distribution. If it starts moving higher steadily, I will long again. For now, I have closed all long positions and am flat, while considering a short. If you are interested in Wyckoff, you can search the Wyckoff Schematic pattern and explanations. While people have compared Wyckoff to the frequently mocked Elliot Wave theory, it has predicted the Tron move upwards (see idea in related section). Maybe that was painted, but perhaps it can predict the further Bitcoin movements. The reason is due to the high funding and open interest rises, which suggest large amounts of long positions are being opened here, leading to a potential drop. Thanks for viewing! I doubt anyone else is going to post a bearish idea here. I wanted to share my current thoughts, even if the chart will ignore everything and keep going higher, which is a real possibility. I'm happy everyone is making money and having a good time in this market. I am too. My prediction for this idea is that it will receive little support due to everyone viewing being long & hoping for 5 digit Bitcoin, but will surpass 300 views.
COINBASE:BTCUSDShort
by HD1184K
2
Bitcoin (BTCUSD) Bitcoin may be rejected at 8600+.I have been on a hiatus from posting charts after taking a pretty big loss back at 4250 levels, but after scalping and longing the bull market, the hurt is gone. My BTC holdings have gone up over 2x despite my failed trade at 4250s, which makes things feel much better. After consistently being wrong about Bitcoin price movements, (as I had the bear market mentality), I decided to stop posting bad charts and just scalp/trade without sharing any ideas. It took a lot for me to post this chart today, but I will post my previous private charts in the related ideas section so you can see my previous thoughts. I only decided to post this chart after I felt more confident about myself. Right now Bitcoin has moved upwards after a massive dump, but there is significant volume traded at 8600+, which should be resistance and could lead to a bitcoin drop. However, as this is a bull market, there is a high chance for it to just keep on heading up and ignore everything. I have placed short orders from the current price to 8800 with the hope of Bitcoin being rejected. Thanks for viewing! Posting another bearish idea after repeated failures of bearish ideas seems like the wrong thing to do, but I decided to post my current thoughts, and I happened to think this was bearish. I was bullish at 7800 before the move upwards, so it's not like I have a permanent bear bias. I am actually very bullish on bitcoin in the long term, as you can see from my longer term ideas.
BITMEX:BTCUSD.PShort
by HD1184K
2
Any good news for Bitcoin?! Tron vs. BitcoinPlease check this post and write your opinion on this fractal. I find interesting thing between TRON and Bitcoin, check this out: 1. Accumulation phase 2. Mark up with re-accumulation 3. Hypodermic distribution 4. Mark down Hard to change the basic idea about move, but this could happen, so please be ready. Bullish idea was on weekly scale and about Elliot Waves, still valid unless key levels not broken. Last week showed reversal weekly candlestick!
COINBASE:BTCUSDShort
by ArShevelev
12