We could have one last drop legETHBTC present here un bull flag, but it can going go to down one last time.
Btc-short
BTC/USDT ShortThe BTC/USDT chart pattern is showing a decline. This is supported by a pattern that may repeat itself, coupled with news that crypto is banned in several countries and market behavior that thinks "BTC is too expensive" which causes FOMO in the crypto market.
“Learn from history or you're doomed to repeat it.”
― Jesse Ventura
BTC shortFollowing is the downward trend of BTC in one channel and below the midline of the channel forms a W pattern which does not have much chance to complete this pattern and go back up
Because it has shown strong resistance to EMA 20 and is more likely to fall to the bottom of the channel.
If on the bottom of the channel that price range is 54,200 , It can have further decline up to the price range of 52,200.
Even if there is a climb, it is a good exit opportunity for people who they bought at high prices in the hope of higher prices.
Weekly and monthly BTC chart shows hidden divergence in MACD and RSI indicators
BINANCE:BTCUSDT Which reinforces our downward scenario.
Shorting BitcoinLooking for a higher low to be created down below. This is just what I see happening on a smaller time frame.
Btc Bear scenerioBTC trending downwards showing bearish price divergence and with rsi and mac d trending up on shorter time frames but price actions not following suit insinuating weakness in the market for the short term we would infer that a abc correction on the completion of the 5 wave is ahead of us. major point of support lies at the 62.8 fib level as well as a price action support line. everything lines up to wear mac d will not cross over to the negative on the daily adn rsi will go to a comfortable point on the daily.
BTCUSDT 1dBTC USDT 1d
Spot
Entry points
59,424
58,056
55,776
Targets
63,517
65,572
66,942
Capital management and step by step purchasing
MOMENIfinance
Bitcoin possible bearish fractal spotedBTC did new ATH with bearish diverengence on the DMI ...If history repeats itself ,we might have another push (probably to 70k)to grab that final liquidity on lower high @ dMI and we price could print triple bearish divergence. We had one back in May.Just like in May ,the ADX is also low ,signaling a strong move.We lost daily BB middle line ,that usually indicates a retest of the lower line ( bearish ) If fractal plays out ,a big dump could play out in the next 2-3weeks.
On the grand scheme,a double top ,one in May at 65k and now at 69k ish ,would look extremly bearish and could send BTC into a prolonged bear market
Target1 :22k
Target2:19k
Target3:14-15k
crypto market 16/11:i warned about bull trab i warned about bull trab , hope the market will correct soon
next market support will be at 60k - 55k
SCALPER BTCI think BTC reacts to ema14 why I set 14 periods? because 14 equal 2 weeks and trader attention piece at 2 weeks
EP:64653
TP:62800
SIDE: short
sl:1% or 1.5% opposite ep
$BTC taking profit 8% gain*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team entered $BTC at $60500. We planned to take profit at $72000 but we are now having second thoughts due to a really tough wall of resistance around $65000-$67000.
My team is taking profit here and thus closing out of our $BTC trade at $65451.36.
OUR ENTRY: $60500
TOOK PROFIT AT: $65451.36
My team made an 8% gain from this trade! Congrats to those of you who took this trade!
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Ibrahim Oudeh | BTCUSD Drop to 59000Bitcoin has reached its maximum limit this week and is about to drop from resistance 63000 to support 59000
Let us know what you think in the comments and support the idea with a Like.
Thank you!
Retest of the 0.618 fib level before higher highsRSI is looking bearish, volume is slowing down, Ichimoku on 15 minute shows a rapid increase in volatility
Expect to touch as low as 50,000 with stabilization around 52,829 - right on the 0.618 fib
Historically November 5th - 17th have been dump days for BTC, happened previously in 2017 with a 25% correction, followed by more bullish increases
'the calm before the storm' as they say
Looking for Sell and buy at the right timeHello to all
Guys, be very careful, we are in the correction phase, I think we should have a correction to the blue curve that I drew in the chart, and then we should think about long-term buying, so for now, think about selling in the upcoming opportunities. With Bitcoin reaching the $ 54,000 range, we can think about buying as soon as we see confirmation of the up.
Thank you for your likes and support.
Hidden bear flag, potential pullback to this level!This rising channel/ bear flag might indicate weakness in price action.
Pullback from this 63-64k is possible to around 55k, before we will eventually go higher 70k+.
Breaking back inside the channel will ofcourse invalidate this pattern.
Best of luck. No financial advice just my view on the market.
Short BTC,BTC is going to 59-60K?Hey, man
We feel that the rise of BTC is insufficient, and we feel that BTC will fall.
Short BTC at 62.5K-63.5K
Stop loss at 64.5K
Target1:59K-605K
Target2:56.5K
Target3:51.3K
BTC/USD is going to $48kHey everyone, doing my technical analysis I think Bitcoin is going as low as $48k. What happens later will see.
BTC short until DEC 7th??I'm thinking it isn't crazy to see BTC head down for a month after such a big run. $44k-$46k seems to be a nice target before a reversal.
BTC Update! Another battle with a strong resistance !BTC is facing an important resistance again ! who wins the battle? Lets follow!
It seems that we are still in wave B of an ABC form of correction and currently BTC is completing its wave (c) of B. If true, a huge decline is on the way to start wave C in the case of strong bearish reaction to the proposed resistances.
Proposed resistances are formed by cluster of Fibonacci levels of different Elliott wave cycles.
Please note that we never go short without a bearish reaction to a proposed resistance and we set our protective buy stop if we opened a short position.
Good luck every one !
Crazy Divergence RSI With the ETF news coming out tomorrow I think we could see one final fake out pump to trap some bulls before we head to the downside....
The reasons being...
- Extremely bearish divergence on the 1 Week Chart as well as the 4H , 1D , 3D
- ETF news coming out tomorrow (Buy the rumor, Sell the news)
- Long overdue for correction
- Still havent broken above the yellow line as graphed.
- One of the top 3 largest BTC holders have been heavily unloading since 50k.
- Everyone is optimistic - Greed/Fear Index is at EXTREME GREED
- Volume is significantly lower than the last time we were at this price.
- Most bears have flipped bulls due to weekly candle close at ATH
BTC Short Setup followed by a LONGAll the signals I use for a short are confirmed here unless we make another move up soon. First, we got rejected by one of the most important resistance levels. Then we have the 3rd bearish div on the 4hr RSI, decreasing momentum, the volume spike levels are dropping, and the OBV is flattening out. Try to find a good entry and good luck but... be careful! The only support I would be careful of is the 4hr 50EMA/1hr 200EMA(they are pretty much the same). I say this because the last short idea I posted I specifically wrote in the comments to close the short at the 1hr 200EMA, and that is exactly where it bounced; because of historical TA, those levels cause large bounces when BTC is very bullish so be careful! If the 4hr 50EMA holds, we will test the 58.4k resistance level again. If the 4hr 50 EMA doesn't hold, I expect the dump to go down to around the 4hr 200EMA. I would close my short just on or barely above the 200EMA or at least close 50-75%. If the 4hr 200 EMA holds then I would long ASAP once it is confirmed because it will probably then go to test the previous ATH.
