Bitcoinshort
BITCOIN, Ready to HUNT Investors Again..!!BTC is at ALL TIME HIGH.
Double Top
It's been holding since last week
If weekly candle closes below 20K Then
there might be a chance of 17k then 14k
Trendline can be scene
Remember that it can be FAKE BREAKOUT too
just to lure newbie investors so
This month is really really crucial for BTC.
I hope it won't break above within this year.
Still alert: Bitcoin form a simetric triangle; key Daily chart!Bitcoin still into this consolidation from yesterday. And we see that Bitcoin it's so higher. So, lets me see to show you the Daily timeframe and chart analysis:
In this blue clear square, we are into this bearish chartist pattern and also we could see an important correction because we are in the higher zone that Bitcoin could be so volatil to then, liquidated all long positions. And today the candlestick today has grow up 50% of the latest candlestick yesterday that I note that it's bearish. It's very important to look the Daily chart to know the situation of the market and perspective!!!
Looking more deep, we are into this correction #4 of elliot wave analysis and then, we could see during the trend a possible pause to make a relax before to continue up.
And finally, in H4 I draw this arrow red and green to identify the up and the down, it's easy the up are greens and the down are reds. Now, I mark also a trend line that work in 2 ocassion as support and resistance as Bitcoin could have any possibility to make a drop toward the $17,400 USD again.
Now, I want to discuss your plan if you're prepared for the drop!!! What do you think about it?
Strong impulse - we are waiting!Holla my friend!
When price breaks over 18720 - expect strong impulse to renew lows - previous idea
"Btc/usdt - What to expect?"
will show you all the goals that we will achieve.
the last one, at my discretion, will be 18150.
Therefore, those who are in long positions - be careful - but this is trading.
And there are some points that indicate an increase, and these are:
- Rising highs
The price for CME REACHED THE LEVEL OF 20300.
The strong level of the market maker is 18850-18750.
P.S But I'm waiting for a strong impulse down
Btc/usdt - What to expect?Hello dear traders.
The previous idea worked 50% - but not 100%.
I confess - I am not upset, since the profit is taken at 50%. Taarget 2 - we closed with our hands at the same level as the first target was. Since there was not enough $ 5 to the second point. (You can look at the previous ideas. with perfect working off at 19450-19620)
What I expect is a decline. To what levels I have shown you.
Further - the margin on the bitcoin-dollar price chart = 1300 points.
Get ready for a major crash and correction.
There are much more price movements upwards than downwards.
Well, the number of longs.
ALL arrived and have a nice day!
If today the price is fixed above the price - 19,200-19280 - we will have an increase to 20,000.
If it is below18950- 18900, wait for the lower border to be updated - 18250 - 17200.
BITCOIN - Intraday Update - 12/03/20 (Short-term)BITCOIN - Intraday Update - 12/03/20 (Short-term)
The bearish alt: count.
Bottom Line: The alternate count, is the Bitcoin may correct in a wave ((2)) minor. A more bearish possibility is that wave (C) is developing as a zigzag and will make a new low under 18140 before the rally in wave ((3)) begins.
BTC/USD Overview + Possible OutcomesHello Traders, Investors, And TradingView Community,
In this weekly BTC/USD analysis, we will be taking a brief look at the most recent events, current chart technical formations, as well as the possible BTC short-term price outcomes.
Overview
Bitcoin has spent the past week experiencing a long-awaited pullback, after which it started consolidating. The largest cryptocurrency by market cap has, after failing to break its all-time high, dropped significantly and reached as low as $16,200 before bears reached exhaustion. While some analysts are calling for an end of the pullback, most of the data shows otherwise. First off, the current controversy around China seizing 1% of all Bitcoin is contributing towards the overall bearish sentiment. Second, a poll done on crypto investors says that the majority of investors believe that BTC will end up correcting as much as 40%. All this, plus the fact that Bitcoin couldn't push past $17,260 for a couple of days now is a testament to the short-term bearish sentiment.
On the other hand, people shouldn't mistake this for a long-term bearish trend. In fact, Bitcoin has never been more bullish long-term.
Technical factors
Bitcoin has continued moving up and performed exactly what we called last week (a push towards the all-time high). Once again, as expected, the push didn't break the all-time high, and has triggered a strong pullback. Bears have reached exhaustion at just over $16,000 and Bitcoin has started consolidating in a range, bound by $17,260 (both horizontal resistance and a 100-period moving average) to the upside and $16,420 to the downside.
The hash ribbons indicator still shows a buy/accumulate signal as it points out to miner capitulation.
Likely Outcomes
Bitcoin's movement is a bit less obvious this week when compared to the past weeks. The cryptocurrency has a couple of scenarios it can play out as it leaves the current range-bound trading.
1: If Bitcoin breaks the range to the downside (slightly less likely), its most likely target will be $15,500. Due to the short-term bearish sentiment surrounding Bitcoin at the moment, a short trade doesn't have to be considered as "trading against the large trend" and may actually be a good profit-making opportunity.
In this case, a clear stop-loss should be set a little above $16,420.
2: The second (just slightly more likely) scenario happens if Bitcoin manages to break the $17,260 mark. In this case, the cryptocurrency can reach many targets, but will most likely pass the $17,600 immediate resistance, and push higher. The next zone of resistance after that is the $18,250-$18,450.
Trading Bitcoin's sideways action in a current range is not advised as the price could break out of it at any time.
Join us at our Forex Academy website and Facebook group for more Forex and Crypto news and education , as well as our FREE signal section where you can trade alongside us!
Information provided is only educational and should not be used to take action in the markets.
BTC Bearish Forecast next few days/weeks + Buy zonesThis is all on the chart, welcoming feedback (especially from Bulls, lets go)
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Hello all, it's been awhile. Wanted to short 19k but procrastinated. Short from $17k
Facts:
1) We went from 11k btc short finex to 5k btc (datamish). There are now less shorts closing to use a fuel.
2) We rejected from ATH, pretty hard as expected.
Scenarios in order of likely hood:
1. Shortterm Bearish: $15.9k before $18k. Then 14k
2. Totally wrecked: Down to ~$14.5k (50ma daily) from here, bounce $2-3k. Next good support will be ~$12k (200ma daily).
3. Just bullish enough to wreck shorts: back to $19k, reject, double top confirmed. Fall to $14k extremely quickly.
4. Dumb Bullish: I'm 100F% wrong. Blast past $20k from here with no shorts as fuel. BTC to $50k.
This is comically ahead of time, but 10k and 7k are massive buy zones (Weekly MA's and Volume profile and this is the chart I'll be using the upcoming months.
It's time to burst the bubble I am extremely bearish on BTC now. Expect it to visit $15k levels if no then $24k is the maximum for 2020. Also don't like the fact everyone is so bullish around and telling everyone it is just "a beginning" or "it is like 2016". No, 2016 or even 2017 didn't start from a fucking bubble.
BITCOIN - Double Top - Wave 2 Completed.Check out my related ideas below.
As I have previously stated, Bitcoin will not make another all time high if this idea is correct.
We are looking at a steep decline in Wave C.
In this video I give you all the levels we need to see broken to confirm this view.
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