Bitcoinshort
SO MANY TRADES ON BITCOIN USING MARKET/VOLUME PROFILE!!!SO EASY TO TRADE WITH MY CUSTOM SETTINGS WITH MARKET/VOLUME PROFILE!!!! 4 CLEAR TRADES!!!
This seems crazy to me but I'm thinking Bitcoin could see $1200Usually the more I get laughed at the more right I am, and I'm getting a lot of hate for posting this. As a longtime holder this is hard to imagine but I think the stock market is about to make it's biggest leg down (wave 3). Wave 3's are the longest and scariest and I think nothing will be spared.
Every other Bitcoin bubble touch the previous bubble top or got close to it, that would put us at the $1200 target. That's where there is a ton of liquidity for big money and a lot of holders would capitulate. Maybe not, I'm still holding longterm and hopefully I'm wrong, a lot of smart people show us continuing up from here. But I think a lot of money is about to be sucked out of most markets and I don't think Bitcoin will be spared. I'll be looking to add to my stack way lower.
Dollar Bulls back from slumberDespite the Feds dovish policy, which is willing to accept high inflation and subsequently a weaker dollar ( not directly said but a consequence of high inflation ), The dollar has rallied. Fundamentally, this could be possible in the short term since deflationary forces are still more dominant with consumer spending still noticeably below pre-covid levels, still noticeable decline in traveling ( very strong in international travel ), and more americans focusing on increasing there savings due to concerns of potential future issues. Thus , the $ could rally in the short term despite the feds policy. If the $ rallies too much, its likely Fed Intervention will take place to introduce measures to weaken the dollar and kick start inflation again.
Bullish Dollar Scenario is valid till a break of 92.5. A break below that would indicate Dollar bears are in control and we can continue in the channel shown.
A break above 93 would indicate Dollar Bulls in control and allow for a greater move to the 94-95 area, at which a pullback could be seen as that area has strong resistance. Breaking that area however would be extremely bullish for the dollar, as it is several month resistance so quite strong.
How to play this
UUP Option Chain
Neutral: 1:1 straddle
Slightly Bullish 2:1 straddle bullish bias
Very Bullish: 3:1 straddle bullish bias
Bitcoin is go back to the $9,900 USD: Short position!!!Hello guys, today as we see, in H1 timeframe Bitcoin is formed a bearish rising wedge, that mean a little sell signal until the $9,900 USD, but remember that this bearish rising wedge is into on this bullish rising wedge, this is an updated that I making, also in Ethereum show the same signal, short position. So guys, in summary when we are from long on the $9,900 USD from yesterday, well, we all need to closed up our long position and then, put now the short position because Bitcoin formed this new chartist pattern as updated of technical analysis. So, my profit was justing $5 USD earnings, its not bad trade with 0.05 BTC of lots. But, the more important is to make technical analysis to earn in the crypto market.
In scalping timeframe on 30 minutes, we see so claearly the bearish rising wedge with a little sell it!!!
And from long term, it's very important that Bitcoin is still on this key support line to continue the bull trend in long-term.
below of my related ideas, I show you the latest analysis about my long position on Bitcoin yesterday before to formed this bearish rising wedge in H1 and 30 minutes timeframe.
BTCUSDAs price blasted through the weekly resistance level to the downside after consolidating above the weekly level of $11,053 for the whole month of October 2020. Price within the first week of September broke right back below the weekly level and retested and continued to the downside. Upon retesting the weekly level and continuing to the downside I am now looking for price to make its way back down to the level of $9,990.90 while watching the whole number of $10K to see how volume is to act around this level. Upon seeing price reach this level I will be watching for one of the two things, 1. Price breaks $10K significantly and continues down to $9,618.40, and or 2. Price finds support at $10K Double bottoms false break out of the descending triangle break back into the triangle and then continue down to $9,618.40
BTC/USD Ranging MarketPersonally I believe BTC will go sideways on an indefinite time. So here, I would like you to put an eye out for the range BTC making, also beware of fakeouts.
Here is my analysis on BTC:
1. BTC will go either up or down. If the daily manage to close around this size, is bad for the bull. The possibility of a bear taking over is getting higher. You could see from the 1D MACD and RSI, the bull is losing its strength and we are getting closer to the bear market.
2. I am waiting for a reversal signal from the bull. But if it doesn't come, short it is.
3. If BTC does give out a reversal signal, it would be a sweet ride to 12k again. Since there isn't much resistance in its way up.
And the move I would make is:
1. Not taking short, I would rather miss this chance than lose my money on a fakeout. I would only call short after there is confirmation we are switching to the bear market.
2. Waiting for a reversal signal than long, with the target set on 12k. We are still in the bull market, and as I mentioned at my previous analysis "The Bull is Resting" so we just need to find the best entry to ride the long.
BTCUSD REVERSAL FOR $9KAfter yet another failed attempt at $12k, sell power has caused a market reversal.
From the chart you can see a head and shoulders pattern forming and BTC might retest $9k support line.
However, this might just be what is needed to gain momentum from a new entry point at $9k, shooting us back up to retest $12k.
BTCUSD | BITCOIN | My PredictionThis is the exact scenario that played out in july. And i'm pretty sure this fractal will play out again.
Bitcoin: Short Position: Bearish BATHello guys, in this analysis we see a bear signal that Bitcoin want to drop the price again the
So, the previously candlestick is a big red candlestick, that mean a bearish candlestick that Bitcoin show, so, you can to entry in short position between the $11,480 and $11,520. I entry in short position in the $11,487.
In that case, we see the same situation a big red candlestick, htat is a previously candlestick, so good luck with your short position
Well, in that case, we follow the descendent channel, because we are in this resistance line descendent and now we touch to sell Bitcoin.
Bitcoin is into the bearish channel: Sell offBitcoin show a weakness of the price later of the rejection above of $!2,000 USD, then, I will take a short position at $11,532 USD, so guys, the time to put in short position is ahead, you can to put it.
In Daily we see a drop!!!
This is an scenario to take in noticed a possible re-accumulation and opportunity to buy cryptos.
Bitcoin Bearish Pattern TargetsFlags green are the TP levels.
P.s. Hope this does not work, otherwise damages the alts
