BTC big short 2After showing signs of premature long accumulation, already mentioned on the last idea, Bitcoin evolve to a new pattern. There will be a close look to the behaviour of price to identify if this is a pullback or a major market turn, the first target will be at 11394 $ with the possibility of falling to 9472 $
Short-btc
BTC - the big shortAfter the recent bull run, many bitcoin analyst target the old time highs (20000 $). However based on my analysis, BTC is in a very important short manipulation zone. The first objective is in the 10832 $, the full potential that I give to this movement is up to the 9475 $, it could continue even lower. The risk/reward ratio's are extremely favourable.
Don't miss the Last Chance to Buy Bitcoin (BTC) Under $4,000! Bitcoin is showing exactly the same downward pattern that we saw in the first part of the year ... It will certainly repeat the same feat, but now it may be a little worse as this will be the second downturn ... S & P500 turned its face down and Bitcoin is going after it!
This will be your last opportunity to buy Bitcoin cheaply, enjoy, after that we will start BullRun !!
Bitcoin is bearish below 9400So here you can see in the last 550 days of Bitcoin on a 4hr chart the significance of the 350 and 700 MA and the times those lines acted as support and resistance.
A total of 13 times and usually when that happened it was followed by a move of a minimum of 15%.
As of the way it stands right now we just went below the 350 MA and confirmed it as resistance.
It presents a very good risk management level of 9400. If we break above it it would confirm it as a trap and we could skyrocket from there, but as it stands I believe the likeyhood of a facemelting (as Eric Krown would say) move to the downside has higher chances to happen.
Typically we hang out for a while in that area after its broken, so it could take a week before BTC shows its next hand, but soon there will be some drama!
If we do start dropping there will be a rally most likely around the 8200 level, but I do not expect it to hold.
#Bitcoin - What's next? I am never gonna get my 10761 short entry filled, this has been my SUPER SWING for well over a month now
in my previous idea I mentioned we will see a Bearish diversion forming on HTF & finally we have it with amazing follow-through
I was waiting on daily candle close to enter in trade & with Cyclone warning in my city my head wasn't just in the right place , what I missed out in my analysis was FAKEOUT, that's what I am counting this as fakeout from our triangle on the upside to dump back down
now here's what I am looking at current charts a possible BART (SFP)
we have liquidated shorts, stopped out most & taken out the previous highs, all we need is a retest & that's where I will risk short, I will take profits as mentioned on chart (TP)
My long-term triangle is not broken yet nor is my IH&S idea invalidated, we are at the résistance best will be to enter a short position & take profits at different levels as market gives us
inverse Head & Shoulder
CAMARILLA intraday scalp range setupIf price goes to L3 first. Long for the target H3. If price goes to H3... short for the L3. Chance of us testing the P pivot purple line today... I will tell you are greater than 95% chance. And the odds that we range instead of trend today is also high due to our large pivot channel and even 2 day value relationship
BTC Murphy Law 'SHORTS Analyse'Everything that goes up must come down - Murphy Law
Like you can see in the graph SHORTS on Bitfinex are very low, and from the past you can check that most of the time when SHORTS hit this area...they are going up and BTC is going Down...
i would be happy for BTC if the story not repeats again but i care more wisely invests than be sinked in a BearTrap.
Most of the time in past years i always detected Pumps if you check my others analyses, but today i predict more a dump. if you are a scalper you can still scalp market and use your stop loss,
no matter for you if BTC up or down, but if you are a long wave investor and want cumulate more BTC, i suggest you to wait and be very cautious.
Like i said before sometimes the best way to win money is to not trade at all and wait.
So if this story happens we have 2 crucial points where we can buy BTC.
8000-7500 BTC is supported by Weekly Pivot and EMA50-EMA100 Days.
6000 would be a safety buy zone for me as BTC is supported by EMA200 Days.
BTC can also go dipper but i don't see it going under 5000$ (Trend Triangle Support).
i will add a picture with the normal chart to make everyone understand about Supports Zones.
Happy Tr4Ding!