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Btc-short

Alt season here we come? Hey guys. So... in both of those charts we can see my prediction for BINANCE:BTCUSDT and for CRYPTOCAP:BTC.D After our massive rally to the 13k~14k areas and the rise of BTC's dominance, we could face a correction (which is a good thing after such an amazing jump (that you can see I told you would happen in an older post that I will link here )). This correction could lead us to the 10k areas and even down to around 8k again if the momentum is strong. Also, we can see that BTC's dominance reached the same resistance that it had back in December. So my bet here is that IF this correction turns out successful, and the dominance will go down, especially after so much money entered the market. It should and probably would spill into alts. Taking the big ones up first and the rest after them. In the chart here you can see how I personally think things would go. Hopefully we'll see 8K range again for a chance to accumulate even more BTC , because I done think we'll see those prices anymore in a year or two from now!
Short
by Gustav_Z
Declining Strength & Increasing Supply --> take a guessFunding still up near .52% for the current session ending in 50 minutes & estimated .8% for the following. After a failure on 3 attempts to break the 9400 resistance, buying volume keeps decreasing & selling pressure is staying the same at worst. Would expect at a minimum, 9200 to be retested but more than likely we head to the top of the old TR around 8950. Would like to see a strong volume bounce there to have faith in this rally extending, but would be surprised if we get it. Meanwhile, all major indicators showing bearish divergences, confirming the signals supply and demand are showing us right now. Given sentiment and bullish parading after blasting up above $9k but on rather "squeezy" price action, max pain theory (market will move in whatever direction causes the most pain for the most people) seems to indicate a short term down trend as being most likely. Lastly, all the major alt charts vs usd still look like death. much lower highs on very weak volume during the last btc run. Not finding a lot to be confident on in this market right now, despite btc being up 25% in the past couple weeks here.
BITMEX:BTCUSD.PShort
by chazd
Emergency Short -35%!! (Part 2)Hello my crypto people. Again I want to give thanks to my two most influential Technical Analysis masters, MagicPoopCannon and Botje. In this example I am proving that 1) we are still in a bear market, 2) It is a very risky decision to enter a long position, 3) Bitcoin prices has gone up mainly because of political factors rather than fundamental properties. I don't have any political inclination towards any country or any political party so this paragraph will be based in scientific psychological facts, political strategies, and current political events. If you all remember, BTC's price started to rally when the trade war between China and the US intensified, however we all know that both economies have to settle and eventually end the trade war. This is more of a strategy for Trump where he creates a problem, blame the enemy, settle, and finally tell the people that he solved the problem that the enemy started (this is basic psychology in politics). Regardless on who is the bad guy (China or US) a settlement must come before the elections because Trump will definitely do everything to get re-elected. A settlement between China and U.S. should come sooner than later and it could be a massive catalyst for Bitcoin, bringing the price of crypto market down. There is another political factor in favor of the bulls which is the tension between U.S. and Iran with the recent problems with the Oil Tanker. HOWEVER!!! Let's give some focus in the technicals. WEEKLY DOJI ----- Two weeks ago we initiated the reversal trend confirmed by the nice and beautiful doji candle combined with an extremely high level of the Stochastic, which historically represents an initiation of 35-60% correction once we reach these stochastic levels. (Go check yourself what has happened every time BTC reaches 80+ stochastic in the weekly chart) THIS IS A FAKE BULL RUN!!!!!! ------Why I am so sure this is a fake bull run? Historically bull runs that usually happen after corrections happen at stochastic levels around 60-65, which I nicely circled. Right now many people is very optimistic that we are actually in a bull run but if you guys notice this bull run started at 80+ stochastic which gives me a solid evidence that this is a fake bull run and we will not grow organically to $20k yet, perhaps I am extremely negated that we will actually have a bull run to $13k. WHEN WILL THE BULL MARKET BEGIN!!!!!!!!???? -------Big Triangle Consolidating Around December/JAN OF 2020. Bitcoin has shown a strong position and strong organic bull runs trigger near December, coincidentally where my triangle consolidates. WHAT WILL HAPPEN NOW???!!!! -----For now I expect that the candles go back down near the EMA50 (blue line) which would effectively trigger the correction back to the $5.5k-6k level. Historically, every time that we reach current stochastic levels in the weekly chart a massive correction happens. I am linking my previous idea where I make emphasis in the stochastic indicator triggering these massive corrections. Please follow, and if you consider this a good and logic Technical Analysis give me a thumbs up!
BITSTAMP:BTCUSDShort
by Cincottitrader
3
BTC/USD TECHNICAL ANALYSIS - DOWNTREND IMMINENTMorning all Just updating my take on the current BTC prive movement, i previously stated we are commencing corrective wave C, which i think may have been a tad early. Ideally, we are still in a continuation of corrective wave B and find a local top around 8400 zone before moving into our descent and the beginning of wave C.. This would complete the current H/S formation that is blatantly obvious as shown above. FIB extension of wave A shows the ideal length of our C wave if this analysis stands true and corrective pattern is respected, i am still looking between .5 and .618 for buys as stated previously, though the C wave area shown could find support as something to keep in mind. FIB retracement of complete impulse move historically .5 to .618 - standing by this area. Thanks, Fray
Short
by BTCinsights
BTC BUYZONE TARGET - BTCUSD #BITCOIN Hi all Brave index on the weekly.. Closing Doji on completion of wave 5 and ABC correction initiated. Head and shoulders formation inbound further verifying the imminent reversal we are about to see over the next week. Text book ladies and gentlemen! look at historical trends and verify retracement areas with Fibs, we generally see .5 to .618 before starting the next wave cycle. My accumulation zone is highlighted between .5 and .618 with staggered buys throughout.. Thanks for reading. See you for the next leg up! Fray
BNC:BLXShort
by BTCinsights
2