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Btc-short

Bitcoin: Potential Bearish Divergence TargetsCoinSavvy here with a price update on Bitcoin . Things have changed, and I want to update my analysis and my trade game plan. I have exited my Bitcoin position as it closed multiple 4-hour candles below $8400 (see “Bitcoin: Higher Time Frame Breakout Series – Daily” linked at the bottom of the page) for my setup there. I had entered in around $7400 ever since the 3-day chart told me to enter when it closed above the 200-day sma (see “Bitcoin: Another HUGE Move is Brewing!” linked at the bottom) for my setup there. Now that we had a giant rejection at $9,000 I want to gather some information in case things turn over for real here. Tonight, Bitcoin closed the daily, 2-day and 3-day candle around $8275 but more importantly it put in a low right at $8,000. If we tick back down below $8,000 with these new candles, then that would be considered a local top which would print out some pretty nasty bearish divergence on these time frames with the RSI as we have higher highs on price action with lower levels on the RSI . When it comes to bearish divergence I have been seeing price tend to come back down to its 21 ema (bold white) so I marked these levels on this 3 day chart of Bitcoin with horizontals. Below are the levels and where they correspond to the other time frames. Daily - $7,850 This is where the 21 ema is on the daily 2 Day - $7,100 This is where the 21 ema is on the 2 day 3 day - $6,600 This is where the 21 ema is on the 3 day These targets are not able to be used until we actually tick past $8,000 and most likely want to wait for an hourly or 2 hour to close below that level which would indicate that this is a local top and now we have divergence to deal with. Bullish case : If this does not play out (quite yet) so if we start closing 4 hours above $8,400 soon then we must switch around the game plan to bulls business as usual as that would indicate that this overall bull trend upwards not quite done yet, however it is really starting to look like things are ready to turn around with all the medium time frame indicators turning bearish and the higher time frames starting to turn around. I have my eyes on something else at the moment (shorting the S&P ) and don't want to get too greedy with Bitcoin as it's been great to us so far so we will see what happens but I don't plan on entering a position for a while in Bitcoin as long as these divergences are playing out. Keep an eye out for both scenarios each time and it will keep you sane! I will post something about SPY and SPXS tomorrow afternoon Coin Savvy, signing off. Enjoy your night, enjoy the charts, and respect the technical analysis .
BITSTAMP:BTCUSDShort
by Coin_Savvvy
Dream Big, They Said.... EMERGENCY SHORT! -35% Hello guys. I first want to be grateful for my two must influential posters in trading view, MagicPoopCannon and Botje, you guys rock. Now, this is my own analysis. I will keep it super short and simple. My favorite indicator is the Stochastic, it is very accurate, mostly in higher timeframes. Stochastic is my favorite indicator for high frequency trading and has helped me become profitable on 4 of every 6 trades. I have circled the previous 4 times where the Stochastic has been in similar levels where we are today. The result is that every time we reach this levels we start a 2-4 week correction movement. On EACH correction movement followed by this pattern BTC moves from 30% to 70% DOWN. Remember each candle represents a 1 week period. For those people that want to profit from high volatility bounces I suggest you to follow me, I will be posting hidden supports and resistance levels where we can profit 2-4% instantly once we touch those levels. For those who are more patient and just want to play it less risky I suggest you keep in mind the following. EMA 50 (Blue): We see that EMA 50 is just 36% below the current candle which perfectly matches the 30-35% correction in the past 4 times where STOCH has been in the current levels. I am more than sure that so many people will get fooled and there could possibly be a panic sell which could possibly drive the price down to the black trend line around the $3k area. However that will happen if we break the solid support level around the 5k area (red horizontal line). I just graduated from Finance Masters and my greatest learning was to distribute the risk in options trading. I never place 100% or my order in one price. I hedge my positions most of the time. For this scenario I am placing 75% of my order at the EMA 50, 10% in the re horizontal line, and 5% at the black trend line. Also RSI is highly overbought. Most of you guys are excited, I have read a lot of bullish TA saying that we can possibly hit $10k or $9.5k but in my case, I am giving up that little upside potential and don't risk myself to remain stuck in the -35% movement for the next month. Many are excited that AT&T is accepting Bitcoin now but in the end of the day they don't care about holding the BTC, they will dump their BTC when they feel they need those profits in USD so this is not a really bullish news like many people think. We need to learn how to be bullish and bearish at the same time. Faith is good, but we need to hedge and distribute our risk, and make Statistical decisions.
COINBASE:BTCUSDShort
by Cincottitrader
6
#BTC $BTC MESO PARABLO BROKE - MACRO STILL IN TACT!Previous charts of the broken parabola were obviously meso tf being that the parabola was only drawn on part of the recent movements and not from the actual true bottom, which did react as expected with a nice drop once it was broken If the parabola is drawn on the macro tf, we have stayed above it while filling the CME gap - bullish Alts remain bullish and longs have been squeezed, people are indecisive here I do believe another run up from here is in the books being that everyone was shaken out of their positions thus far and rejection / accumulation around the monthly pivot still strong We could bust up through 10k even if we get strong enough FOMO and bullish continuation on the macro from here
BITFINEX:BTCUSDLong
by MacroWeav
Bitcoin: Another HUGE Move is Brewing!Coin Savvy here with yet another analysis for all of you! There’s something I want to talk about with all of my viewers and it’s the 3 day chart. If Bitcoin closes this 3 day candle above its 200 sma then I would expect a move to the $9,000 to $10,000 region, this may take some time after the close as we are dealing with higher time frames which just takes time so have to think longer term. If Bitcoin closes this 3 day candle below its 200 sma then I would expect a move back down to the 3 day 200 ema around $5400 to $5500. The bullish target is using previous price history, May of last year we put in a top around $10,000 price per Bitcoin and I think this rally is extremely bullish, the weekly and monthly charts are extremely bullish (weekly closing above its 50/55 ema and monthly closing above its 21 ema) so this thing may have a little more juice in her and $10,000 is the only next real resistance besides the local top around $8400 but if we march back up after closing this 3 day above that 200 sma then I see us blasting through that local top. The bearish target comes from a multitude of things, I will list them below: a.) Monthly 21 ema - $5425 b.) Weekly 55/50 ema - $5450 c.) 3 Day 200 ema - $5450 d.) 2 Day 200 ema - $5450 e.) Daily 377 ema - $5400 As you can see we have EXTREME support in this region. I would say this is a simple setup... Close above the 3 day 200 sma, go to $10,000.... Close below the 3 day 200 ema, go to $5400... We can figure out what happens after that once this takes place... Remember to take things one step at a time. The 3 day candle is going to close tomorrow at 8 pm EST so that will be my determining factor whether I go long or short. This is the great thing about TA, having a plan for either scenario! Coin Savvy, signing off. Enjoy your night, enjoy the charts, and respect the technical analysis .
BITSTAMP:BTCUSD
by Coin_Savvvy
#BTC #BITCOIN $BTC PARABOLIC TREND BROKEN - $BFX BITFINEXJust realized my previous chart of the parabola breaking was on Bittrex... Which is not the leading exchange Even with all of the "fuckery" lately regarding the USDT scandal and finex having far different charts than the other exchanges, it is STILL the LEADING exchange and has still been the most accurate at TA forecasting even WITH the TA "fuckery" thats been going on lately... Parabola is broken here on finex as well though, so doesn't matter too much... let's see how this 4H closes folks
BITFINEX:BTCUSDShort
by MacroWeav
7
BTC 6400-6600 Possible Reversal ZoneWe all have seen this pattern before. The price drops significantly, the comes back to where it dropped, stays there for a bit and drops again. I placed that trendline there because I believe we will see a quick touch there or over the trendline. I see 6400-6600 as a reversal zone but it's also possible to happen right now because the price is facing the 2018 support which is now resistance. Overall, personally, if I would enter a short right now my SL would be large. What do you think?
BITFINEX:BTCUSDShort
by Flv3
BTC - BITCOIN WILL MOST LIKELY DIP SOON - HIGH PROBABILITY BITSTAMP:BTCUSD seems bullish in the long term, but will probably dip in the short term. This signal plays out almost every time in all sorts of markets. Sell-Signal : People often talk about MACD crosses and golden crosses and all sorts of moving average crosses. There is a really simple trading strategy which plays against the masses and works more often than not. Basically, we are looking for a typical moving average cross, which would be important enough to give a bullish or bearish signal for a longer time frame. If this signal is for example bearish and the price is always very extended on the bearish side (way underneath the moving average and the cross), then the 'bearish'-cross works as a counter indicator and gives a signal for short term bullish movement. You can backtest this principle in all markets and all asset classes and also almost all timeframes. If you take this trade then the probability is on your side. In the case of bitcoin, we are anticipating a cross of the 100 DMA and the 200DMA and the price is front running the cross. This is another bearish indicator which combined with my recent analysis BTC-LONG-TERM-BULLISH-BUT-SHORT-TERM-DOWNSIDE-POSSIBLE/ just increases the odds of a short term pull back. Targets: Targets are the same as in my old analysis: BTC-LONG-TERM-BULLISH-BUT-SHORT-TERM-DOWNSIDE-POSSIBLE/ I hope this was helpful. Best, Felix Kewa
BITSTAMP:BTCUSDShort
by FelixKewa
BTC RSI WEEKLY. Consistent 5 years chart.See history of BTC using BLX charts. Whenever it gets near the 55-57 RSI on weekly it dumps hardcore in bearmarket. You can clearly see it is being consistent after 5 year. Notice it always dumped first when it got near the RSI 55-57 before it tried to rally and end the bearmarket. dont long this RSI. if your hand is itching to buy just wait for retrace then gamble your money. but longing RSI with massive resistance is just stupid. remember ladies, don't long resistance and don't short support.
BNC:BLXShort
by EzCLAP