Bitcoin is losing its respect day by day.Below the 50-day moving average, in the ichimoku cloud, below the return line and the basic line, the indicators show us that there will be a drop.
Btc-short
9100 WILL BE A DISTANT MEMORY IN PA SHORT TERM - DISTRIBUTION We've been under 9300 resistance for quite some time now and haven't been able to pick up significant buy pressure which would result in higher levels tested. Unfortunately, 9300 has been rejected and at first i thought we'd maybe get a nice short opportunity around 9297 - 9508...but price action seems to say otherwise. Always go with the trend, it's supposed to be your best friend.
;)
BTC Bearish View $8k - $6k There are two zone where volume has highly traded $10k - $8.6k and $7.5k - $6.6k. As you can see in chart there is no volume above & below of first zone (Signifies buyers are not interested) and there are some unfilled CME Gaps near second zone.
So considering all dynamics (Vol, CME Gaps, Stocks, QE, micro data). BTC It is likely to test $7.5k - $6.6k in next 2-3 months once $8.6k is broken on weekly time frame.
Short term : Bearish but possibility of one move up.
Mid term : Highly bearish.
BTCUSDT BULISH in 4H but Bearish in 1HHello everyboy
I hope you had chance to take profit via my last technical pattern (BTC BULISH 4H).
Now BTC moves in Growing up parallel channel in 1H.
BTC is in correction time to go to channel floor in 9150 area.
If channel floor has not been broke and BTC can stay above of 9.1K has potential to grow up to 9.5K
Have Fun
QUADRUPLE TOP WHICH TELLS ME DISTRIBUTION COULD BE COMINGOr....could it possibly be....accumulation? I'll leave that question up for you to answer.
BE SAFE fella's.
XRP NEAR BREAK DOWNIS this is for XRP?
PRICE will like follow the curve downwards until it retests of .11
XRP will likely lead the bear market if spx and btc loses bullish momentum.
JULY 3RD SUB 9K ON 4 HR CHART WATCH If you make charts and don't factor in your targets & the possible date of when you'll reach your target you probably aren't as serious as you should be. EVERYTHING on the chart needs to be looked at, but not overlooked. Find the happy medium and don't force trades that aren't there. Forcing the market will result in liquidation emails sent VIA email. P.S, I don't want any of my followers receiving liquidation emails.
I bring a big warning of potential doomNow I know as much as the next guy. And I do not like to be the bearer of bad news. However, I use a couple of fairly reliable indicators. Vpt volume price trend against fib Bollinger's. and the god mode. And this chart is the 3day chart. I have only witnessed the godmode give a short call on the 3day 4 times since 20k. and the VPT always tells the truth of distribution or accumulation in the end. So trade with caution. The levels in purple are the CPR central pivot range for the monthly levels. notice it is like a mirror. several months up... and now we struggle to hold our level at the end of the month. also notice the newest channel is very thin which suggests breaking... either way. Lets find out if its time or not. However, I have a feeling summer maybe be a bit grizzly. what are your thoughts?
4HR BEAR FLAG & REJECTION OFF TOP OF DESCENDING TRENDLINELooks like we may have a bloody Monday around the corner...bulls have had their chance to reclaim 9150+ but seems like a clear rejection from my perspective. However....it's possible to see a short term reversal and push 9275 - 9419 before any bearish price action really happens ($500+ move).
Stay safe & good luck trading this week.
My BTCUSD analysisHere is my mark up of BTCUSD. Top down analysis from DAILY TF shows BTCUSD wanting to come down. Use levels shown in picture for breakout entries. Obviously, price action is KEY and BTCUSD will do what it want. So, the layout can help you for SELL opps or BUY opps. But as of now my bias is looking for a SELL. The black line Rep my 200 EMA, and you can use the cloud and conversion line for extra confirmation for sell or buy. If price is BELOW black line and BELOW the cloud and the YELLOW line crossed the white LINE DOWN, i look for entry on the next FLAT TOP Red candle. its that simple dont make it hard!
Clear as day descending triangle 4hr chartI've labeled and explained on the chart my thought process behind the price action on this 4HR BTC chart.
15 MINUTE FIBONACCI RETRACEMENT SETUP SHORT TERM MOVES Don't expect bulls to just give up so easily.
Expect a push higher at the MINIMUM if you're bearish bias this weekend.
Things can always change/reverse before a blink of an eye.
Stay up to date with the fundamentals/price action and the structural integrity needed to achieve the levels you're looking to play out.
Have an awesome weekend guy, stay safe...Cheers.
BTCUSD SHORT or LONG depending on what colored line it respectsrespect white line 9400 9600 9800
respect red line 8800 8300 8100-7900
it can form a small triangle then a bigger triangle if 9400 gets broken
overall I think we go down since we had two 12H closes under EMA 100
a 12H close under EMA200 will surely push us down to 7K levels
BTC next possible moveWhy bearish?
1) Rejecting from upper boundary of global descending channel.
2) Fractal B very similar to A after which we got drop.
3) Virus again in action what can cause S&P to drop and affect btc.
4) Vertical volume declining.
5) RSI in descending channel.
6) Lower highs 10xxx, 99xx, 97xx .
7) Drop out from current up-trend's ascending channel.
8) Pressure from asks(used service that shows pressure from all exchanges).
9) If looking on BTC using hight TF - it seems very bearish, see related idea for details()
Why neutral or still bullish?
1) Technically no lower lows for now so up trend not broken according to classical TA.
2) Hash ribbons should provide signal soon(for fans of this indicator only))).
head and shoulders failure - Smaller breakouts - Depleting Vol.Head and shoulders failure, accompanied by lower volatility and smaller less aggressive breakouts leads me to believe that BTC is losing bullish power and will breakdown to a further support or experience a full reversal.
Another major signal, is the decrease in overall volume despite the rising trend. This is without a doubt, bearish.
If major breakout does occur the target is 11.3k.
XTZ - BTC My AnalysisI am looking short position for Bearish.
Guys don't forget to Click Like button for appreciate me. Thank you so much.
frzbtchey there. hope to everyone is safe, after broke the red line (after 4-5 month) the Correction process is start.and we have a downward trend in a 1d timeframe (yellow Triangle) i think the Third Correction is going to end at (8600-8700) after its have to analysis again . because i said, its going to be upside . anyway hope you to always be in profit.
[BITCOIN] The Grande Finale is Soon Over Hello everybody.
I'm hella tired so I will make it short.
I feel so strongly about BTC heading back down that I dare to post it.
BTC have been rejected by the ¤H EMA 55 like 3-4 times now in a week and it cant get more bearish imo.
EMA 55 on the 4h is an important timeframe short to mid-term and the EMA 55 is being respected always. Always. But most never notice it I guess because it is not being respected as strongly as the 1 day EMA 55 does.
it is just one of many indications that it is over and BTC is heading back down to the 5000-6000 region at a minimum.
The 2 day RSI / Stoch is other significant factors and 1 day RSI is also bearish.
This is not financial advice but as you see on the chart it seems pretty that the top is in and btc is already heading down. ( broken formations, and the biggest formations more or less broken - a question about hours I think )
I'm writing this with 1 eye open so I hope you survive the poor quality of the analysis.
Have a nice day.
Wisdom of the day:
For every billionaire shilling BTC in the public we likely got 10 billionares buying the bottom, dumping the top and shorting the top. So just because we got a few billionaires promoting BTC it does not mean that they represent all billionaire whales. Nope, they ( mac kaiser, Tim Draper, The BTC twins and so on ) hey are all hodlerne not traders. They will do whatever it takes to pump their bags. Even if they belive in and love the project they shill. But every time you got a rich hodler you got maybe 10 rich traders that dont care about Bitcoin revolution but only cool cash. Even if it means BTC will ever go over 10.500 usd again. That is the truth. + Governments with unlimited fiat can block any chance of BTC going over 10.500 too. But the 99% never think like this..but belive in that if you belive in btc will go to 50k then it will just suddenly happen! - Nah, that is not how the financial world works. But that is how you lose your lifes savings being a fool playing vs the Wall Street Pro's where you can only lose in the long run and be lucky in the short run (retailers and fools) :)
Confucius_The_Great
Bearish Cypher on BTC?I am not too sure if it is valid but the FIB levels seem to match up well. What do yall think?
