Downloading...
Download

Bitcoinshorts

Bitcoin 4 hour update and longer term outlook for next 5 days Bitcoin is in a Rising channel after dropping. This can be easily called a BEAR FLAG and it needs to be paid attention to for a number of reasons. The line of support that held PA up in May is now close overhead resistance and we are climbing towards an apex around 11 June. PA always reacts before APEX I would expect this to happen from the 8th June but could obviously happen before. I can see PA dropping to around 102K, on the POC ( red dotts ) off the VRVP We will have to see what happens form there but there is a strong line of support just below this. The 4 hour MACD is currently being rejected from Neutral back down into oversold. The Daily MACD is continuing to fall Bearish and will reach neutral bu the weekend, the 7th This could be the beginning of a longer term Bearish move and could end up back in the mid 95K before it finishes over the next 8 weeks HOWEVER, PA does have the ability to turn the tables on the newly woken Bears We will have to take this a step at a time right now. But as emtioned in apost earlier today, I do expect us to NOT move to much higher in the near future but more to range once again, maybe for up to 8 - 10 Weeks We shall see and watching the Dominance chars right now is a VERY good idea
INDEX:BTCUSD
by Orriginal
Pay close attention to btcWith the fed meeting saying that rates will remain unchanged i think this is bullish for the DXY and it goes opposite with btc too, considering that and the fact that we got rejected on 70k with a hard rejection, furthermore we might need to consider additional things. Geo politics can have a great impact on BTC as we have seen how it dipped when iran responded previously. Now that the prominent hamas head has been killed in iranian soil, iran is bound to strike back as revenge and this time it will be far worse. my advice is to sell your holdings and buy the dip for a better position onwards. Good luck!!
BINANCE:BTCUSDShort
by Ahmed112
4
A little Bear Cycle for BITCOINThe market went up and got rejected from the upper resistance level. Even though we have 100 MA but I don't think it would be enough to hold the price fall because data shows a large number of shorts are ebing opened. If traders believe market gonna go down, it will. Some people will make profit but rest they will get liquidated when the price will take a sudden rise. The same thing happened last night and this will happen again. More than $100M dollar of short trades were liquidated and the long. When people think market is gonna go deep, it takes sudden shift in the movement. At current point, the lower level of support zone MIGHT be able to hold but if fails it will go down to the 0.786 Fib mark for support. Going under it will be another dip story. But if any of these twi succeed in holding and pushing back, the market will come up to recreate the support level at point 2 and will try to stay in the zone to make the support stronger, or better get a ittle up so the zone soidifies, making a way to upside and try to break the red zone above it. And this time it should succeed and touch the $70k mark. We are looking at another over $100k in liquidations.
by imvijaygir
Amazing Unseen BTC Short Setup / Fake Breakout of WedgeThis Chart makes a lot more sense on the daily because the breakout on daily 1 candle Daily Chart Here: However the rejection and inability to clearly breakout of 41,639 made me want to post this as it could possibly be a fake breakout from the rising wedge on the daily chart. I was positive if it hit 41.6K it sky rocket... but it doesn't look to be that way, but time will tell Resistance 41.6K Old Resistance - Wedge Line 39K ish follow the cahrt Older Resistance - 37.9K
BINANCE:BTCUSDShort
by dogdaddevan
BTC Shockwave Alert: Unveiling a Potential 21.93% Dump Technical Analysis: A pullback is evident in the 2-day chart, indicating a potential further decline. You can view the chart here. The 16-day chart also shows a pullback, which could impact the possibility of reaching the all-time high of $200k (a dream worth chasing!). You can see the chart here. It is advisable to refrain from initiating long positions unless there is a significant breakout beyond the 32k level. Please feel free to share your analysis and insights to enhance the shared idea. Additionally, your comments to know stop loss updates would be appreciated.
Short
by UnknownUnicorn14930146
Bitcoin ShortsShort Entry 1: If the price rises to the 38.2% level (28,468.4) and then starts to fall, this could be a potential short entry point. A stop-loss could be set just above this level, and a take-profit target could be set at the next Fibonacci level down (50% level at 27,924.4). Short Entry 2: If the price rises further to the 23.6% level (29,095.3) and then starts to fall, this could be another potential short entry point. A stop-loss could be set just above this level, and a take-profit target could be set at a lower Fibonacci level (38.2% level at 28,468.4). If you like my ideas pls share ;)
CRYPTO:BTCUSDShort
by Holyrood
Strong Sell Signal for Bitcoin. Road to 14k.I analyze daily and weekly timeframe. Here are the list why bitcoin will go down: 1. 100 SMA and 25 SMA is my indicator for reversal. It the recent rally, the 100 SMA and 25 SMA failed to cross for bullish reversal. 2. Support lines are drawn in my chart. It currently breaks the support line in 17.5k-18k area. It is headed for the next support of 14k. If you zoom out the chart and look for weekly chart. You can see a support at 14k in June 2019. 3. -DI is above the ADX and the slope of ADX is high. I also based the strength of the trend based on the slope of the ADX. I look for 14k if there is possible big rally or bounce. I will take profit if the -DI goes below the ADX and wait for further reversal signal.
Short
by UnknownUnicorn13326052
4
2 for 2 with bitcoin shorts today! Riding it down caught the wicafter taking partial profits on my 1st BTC short i moves my stop loss into profits which was triggered when it wicked up, which is why its always smart to take profits along the way and move that stop loss into profits to make it "risk free" After a massive surge up i felt like it wouldnt sustain above the ascending trendline so I jumped in with a larger trade than the previous short. I already closed about 50% of this short @ 37500 letting the rest ride.
BITSTAMP:BTCUSDShort
by Layne_LV
3
Bitcoin just got GameStop-edHello Traders At the time of my previous publication it was clear that we were moving lower based on Technical Indicators and some chart patterns. We, have since been GME-d. See my related video update below on how to spot a short squeeze (and what is a short squeeze, why it happens, if you're not familiar). Welcome to crypto, sigh. In order for us to consider a reversal to sustained upward pressure, we would need to capture and CLOSE above 40k. We have steep resistance at 40, but after that the path is clear to 50 and above. Trade Safe, BlockTechEv
BITFINEX:BTCUSDSHORTS
by BlockTechEv
1
The Final Count-Down; Bitcoin Bears Prepare for More Blood.The wave count unfortunately has been incredibly choppy on small timeframes however, the trend remains in a convincing downward motion (for the time being). Previously, my assumption was that Wave 3C was still in play but that particular idea has been debunked, thanks to fibonacci/elliott wave invalidation. The clearest and simplest wave count shows that we're very likely in Wave C of a Running Flat formation for Wave 4 . The impulsive C Wave within a flat is the true definition of a trap. The aggressive move which goes against the bigger trend can easily convince traders that the bottom is in. Wave B of the flat also resembles what most would call a double-bottom as well. A pending Wave 5 should come in and continue the trend down, should the wave count be true . The current low which resembled a double bottom should be broken as a lower low comes to fruition. With Wave 3 being the extended wave within the cycle , it can be assumed that Wave 5 will equal the length/strength of Wave 1 . Anticipating that Wave C of the Running Flat ends near $38.6, subtracting $17K from this amount puts us in the range of $21K. This price point is also near the lowermost part of multiple defined trend levels. The trend is your friend, at least until it comes to an end. Elliott Wave also cannot give a 100% accurate target either but there's plenty of reason to believe that the current bear cycle will come to an end somewhere between $19K and $21K. *A more accurate zone can be defined as the price pattern descends lower towards its true bottom. If anyone is in discussion about price dropping to $15K or lower, they're simply wrong. This move was pretty predictable, even back in April :) Based on the 2W chart, we're at least 2 weeks from the next big impulsive wave up (currently I'm a bit doubtful that we see $100K as most anticipate). We can talk about that later though!
BITFINEX:BTCUSDShort
by DigitalSurfTrading
5