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BTCUSD Shorts

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BTCUSDSHORTS trade ideas

Bitcoin Multi-Timeframe AnalysisYou can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts! Hourly Chart: Downward regression channel (Bearish) Daily Chart seems to find support at 58500, closing below this level could push bitcoin down to 52K. Weekly Chart: A candle with a long upper shadow followed by a bearish engulfing candle after a bullish rally is not a good sign! (Bearish) Monthly Chart: Gravestone Doji..! (Bearish) Conclusion: 58-60 k is a very important level and reaction to this is critical! In the past few days, we see red candles with long bodies and greater numbers in comparison to green candles which shows sellers overwhelm buyers! consolidation between 58-69k could be the most probable case for a while! Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor or a certified financial analyst or an economist or a CPA or an accountant or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
BITMEX:XBT
by Moshkelgosha
8
Movinng toward 69KIt seems Bitcoin is moving toward 69 K and we should see the reaction to that level! A long position here has a 2:1 Reward to Risk ratio. I think this could be a practical target level for this week! Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
BITMEX:XBTLong
by Moshkelgosha
1
BTCUSD SHORTFor more daily Analysis, please go ahead and follow me. All charts are annotated and thoroughly described for the benefit of traders. Here we have our BTCUSD chart. You can see how we have rallied right up to new all time highs. You can also see how price reacted before and is reacting now. We are way off our MA's and there is notable support below. It is for this reason we are short on the rise up. It is important to understand that we are now at previous high prices. We like to buy low and sell high..!
BITMEX:XBTShort
by WillSebastian
1
Next resistance 67 KYou can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts! Multi-Timeframe Analysis: Hourly Chart: At the upper border of the upward regression channel (Bullish) Daily Chart: Getting out of the triangle (Bullish) Weekly Chart: closing constantly above 60K makes it new support! Monthly Chart: Rebound from 59K and moving toward 67 k. Note: what would happen if Elon Musk announces that he sold his tesla share to buy Bitcoin or another cryptocurrency? Conclusion: I think Bitcoin has shown its power to close above 60K in the past 4 weeks! now the question is what could be the target? Scenario 1: Moving Toward 80K: Scenario 2: 73-77 K
BITMEX:XBTLong
by Moshkelgosha
7
Reversal or a Bullish flag? That’s the question..!In the coming days, Bitcoin could slip to 55k, or breaking above the downward channel and retest the 66981. Current trend is in favor of the downward move, unless we see a breakout! The bigger picture however is still the same as the previous analysis!. Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
BITMEX:XBTShort
by Moshkelgosha
7
There’s no such thing as the goose lays the golden egg forever!“There’s no such thing as the goose that lays the golden egg forever.” – Jim Simons I have noticed most people just try to find evidence that justifies their point of view, but there may be other contrarian views that are more objective! Bitcoin could not hold above its All times high and cross below 60K once again! I think this sine wave regression analysis should be considered for the next 100 days..! 13 days ago, I mentioned this : This show will become interesting after October 25th, 2021..! Data that fits a sinusoidal regression curve tends to fluctuate over time in undulating or wave-like curves. For example, temperatures from year to year tend to undulate in a sinusoidal pattern. Sinusoidal waves are also commonly seen in signal processing and time series analysis. use this formula y~asin(bx+c)+d a:11045.5 b:0.0328144 c:1.46343 d:44570.7 I want a guy who knows enough math so that he can use those tools effectively but has a curiosity about how things work and enough imagination and tenacity to dope it out. Jim Simons Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
BITMEX:XBTShort
by Moshkelgosha
Bitcoin update. Momentum was there and the spot light is shining brighter on Bitcoin every day. A blast from support at 44k brought us just barely to new all time highs. I'm my opinion the world is too afraid to buy at all time highs as strongly as sellers are willing to part. The flash crash on binance is proof that the space is still the wild west, and until there's some sort of security, big money is tepid at best to enter, in my opinion. A dollar cost average approach would seem the safest, so I can see a steady gradual rise in acceptable price for Bitcoin, but huge pumps like this are usually orchestrated by crypto whales, and after the shorts are liquidated and new money comes in at these highs, Bitcoin loves to pull way back to cause capitulation. Thusly, I could see a retest of the 53-49k levels, with liquidation hunters poking below that as well. A good entry for bull market continuation would take the volatility we can expect from the wild west of finance in to consideration. There's no doubt in my mind that Bitcoin will achieve some sort of grand use case scenario eventually and be hundreds of thousands of dollars per. It's definitely not going away any time soon, or ever for that matter, unlike other forms of currency and the governments that back them.
BITMEX:XBT
by Fall0ut0fTh15
2