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BTC Short Term TROUBLE -Sub $25K LikelyHi Traders, Investors and Speculators of Charts📈📉 After closely monitoring the market trends following our previous idea of shorting until the FWB:25K mark, it has become apparent that there is a notable increase in selling activity. Despite witnessing a decent rebound at the FWB:25K support zone, it was met with an equivalent level of selling pressure, resulting in the price experiencing a downward trajectory with lower highs. Furthermore, it is crucial to take into account the occurrence of a double top formation in the daily timeframe. This technical pattern typically indicates a reversal in the price trend and suggests a bearish outlook for the short term. It implies that the market has made two unsuccessful attempts to surpass a certain price level, highlighting the presence of significant selling pressure and a potential decrease in investor confidence. Considering these factors, it is prudent to exercise caution and be mindful of the prevailing bearish sentiment in the market. Traders and investors may need to reassess their strategies and potentially explore short-term trading opportunities that align with the current bearish trend. ________________________________ I've been consistently bearish in my short term outlooks but bullish longer term, as seen below: However, I remain BULLISH for the longer term and do not expect us to drop any lower that $23K. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We appreciate your support ! CryptoCheck BITSTAMP:BTCUSD COINBASE:BTCUSD INDEX:BTCUSD BINANCE:BTCUSD CRYPTO:BTCUSD CME:BTC1! BINANCEUS:BTCUSD GEMINI:BTCUSD BINANCE:BTCUSDT BITFINEX:BTCUSDSHORTS KUCOIN:BTCUSDT OKX:BTCUSDT
Short
by CryptoCheck-
28
Bearish on BTC - 12-13k No one is talking about the M pattern that didn't reach it's target yet. yes we came very close to it but this is a Macro Weekly chart. close is not enough to mark the target reached. In my opinion, we still didn't get real bloody yet. one last drop to 12-14k is something i genuinely believe in. The pump that we are seeing since January is just a retest to the M Pattern Resistance. I am personally not turning bullish unless we close a candle above 35K. NFA.
BITSTAMP:BTCUSDShort
by CryptoriaH
1
Potential Elliott Wave Pattern UnfoldingGreetings traders, I wanted to share a great example of an Elliott Wave pattern that appears to be playing out on the chart, suggesting a potential trading opportunity. Elliott Wave Analysis: The chart reveals a potential 1, 2, 3, 4, 5, A, B, C pattern, which follows the classic Elliott Wave structure. Here's a breakdown of the pattern's key levels: 1. Wave 1: Starting at $27,275, this marks the initial upward wave, signifying the beginning of a potential bullish move. 2. Wave 2: The subsequent pullback from $27,275 led to Location 2 at $27,215, representing a corrective wave. 3. Wave 3: From Location 2, the market continued its upward momentum, surpassing the previous high and reaching Location 3 at $27,300. This wave tends to be the strongest and longest in an impulsive move. 4. Wave 4: After the extended bullish run, a corrective wave followed, retracing to Location 4 at $27,225. 5. Wave 5: The market resumed its upward trajectory, surpassing the previous high and reaching Location 5 at $27,375. This wave often signifies the final push of a bullish move. 6. Wave A: Following the completion of Wave 5, a corrective decline occurred, bringing the price down to Location A at $27,080. 7. Wave B: From Location A, the market staged a rebound, retracing some of the previous decline and reaching Location B at $27,140. 8. Wave C: The pattern suggests that the market is currently heading towards Location C, which aligns with a support level at $26,810. This wave represents the final leg of the corrective pattern. This is a strong level of support but could possibly be broken due to a lack of trading volume during the weekend. Stay vigilant and monitor the price action closely to see if the pattern continues to unfold as anticipated. Remember to manage your risk effectively and set appropriate stop-loss orders.
BINANCE:BTCUSDShort
by maybethatguy
BITCOIN parallel channel, more range and correction ❌🧨 Hello 🐋 based on the chart, the price is again in range part close to the channel resistance, resistance area 📖💡 for any other huge pump, we need more correction to the downside 💡📖 and range candlesticks to the upside and downside before any other sharp movement is logical 📖💡 👌 Notice: pay attention to the price on shortcut chart (located under the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Short
by MadWhale
13
BITCOIN breakdown IMPORTANT levelsAs you can see, Bitcoin price has been traded in consolidation for quite some time. Im using fib channel to ilustrate that picture, im not usualy using it to trade. The price has been reacted on almost every level in channel, having in mind that upper middle is slightly bullish, lower middle is slightly bearish. But as long as we are in that channel the long swing or short swing positions will be liquidated due to a price fluctuation, and thats why im taking short term trades as long as we are in this consolidation. Now adding Volume profile to this picture, we can see that there is not much strenght for the bulls to turn things around. They where defended the Value area twice, the big yellow pocket on the chart where there is a low volume to none, suggesting that if price breakdown to that level it will soar to 25k. The next defence was now, bouncing of the middle fib channel, liqudating the short positions who where aiming for the 25k. Thats why only the short term trades are in place. Next for the bull enthusiast, every time the price goes up, the sellers driving the price down even more to collect their stops and liquidity. As you can see the price tested 3 times the top upper channel, failing to breakthrough, making lower highs for days. As long as we are in the channel and having lower lows for me that is a bearish sentiment. Logically speaking, the price will aim to touch the lower channel for the third time, where is a big point of control sitting with big volume on that level which is 25k. Now that wont happen, until price closes below middle level in the channel, suggesting the bearish sentiment. Now this level is a dangerous because this level is with low volume, and very close to that breaking point on yellow pocket with basicaly no volume at all. This is a psychological level, where bulls are aware that if they lose that level the price will tank down, thats why we have those two big wicks on that level. Now if the price happen to close bellow the middle fib channel, and start to consolidate a little, gathering strenght for some continuation pattern, we will see the big move on 25k. 25k is the very strong buy zone, even if it breaks down a little, everyone will be jumping in, to buy for even lower price, where we could see a potential reversal for maybe a little longer uptrend, but even then we are far away from the bullrun.
by MarkoMarisavljevic
BITCOIN more correction to the downside ❌🧨Hello 🐋 based on the chart, the price is close to the channel resistance, resistance area 📖💡 for any other huge pump, we need more correction to the downside 💡📖 and range candlesticks to the upside and downside before any other sharp movement is logical 📖💡 👌 Notice: pay attention to the price on shortcut chart (located under the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Short
by MadWhale
15
Bitcoin 23/5 '23Hello Everyone, Straigth to the business, Right now, we in High Uncertainty market conditions, related to Macro economy optics for Future.. with Several Big events in upcoming day which could provide more Clarity into where market would like to move BUT as Right Now.. Price is Lower then it was when Peaked mid March.. In that Time, we was Held in few Week consolidation, before we seen expansion. Matter of Fact, it Holds Under that Purple line which can be seen as Bottom of Sidewas range from March. Because of that and above, I would favourite opening Short in this moment, and expecting that next Expansion will be on Downside, with sound Stop Loss above 25-35% of March sideways range. ( around 28k$ - depending on your own Risk Managment) Having in Mind, that if Price is Able to Break above and Close there for at least Few Days, it May be very possible to see Highier Price range upcoming Month(s) . Joe
BINANCE:BTCUSDShort
by cryptocapitaltrading
Bitcoin continues to hold back bulls.Bitcoin - 24h expiry - We look to Sell at 27388 (stop at 27888) We look to trade the current range. Bespoke resistance is located at 27500. We look for a temporary move higher. The bias is to break to the downside. The sequence for trading is lower lows and highs. Our profit targets will be 26138 and 25738 Resistance: 26800 / 27200 / 27500 Support: 26600 / 26500 / 26250 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:BTCUSDShort
by VantageMarkets
Bitcoin ShortsShort Entry 1: If the price rises to the 38.2% level (28,468.4) and then starts to fall, this could be a potential short entry point. A stop-loss could be set just above this level, and a take-profit target could be set at the next Fibonacci level down (50% level at 27,924.4). Short Entry 2: If the price rises further to the 23.6% level (29,095.3) and then starts to fall, this could be another potential short entry point. A stop-loss could be set just above this level, and a take-profit target could be set at a lower Fibonacci level (38.2% level at 28,468.4). If you like my ideas pls share ;)
CRYPTO:BTCUSDShort
by Holyrood
Bitcoin (BTC) - bears have the full controlHello, everyone! After today Powell's speech Bitcoin demonstrated the local volatility increase, but in mid-term picture it has not changed anything. As I told you many times events and news do not change the trend direction. It's just noise which makes the trading decisions more difficult. I have been waiting for almost a week how the waves will be formed and made a conclusion, that wave 3 of any order has been finished exactly at 1.61 Fibonacci extension level. Minimum Awesome Oscillator's value give us the precise answer where the wave 3 has been ended. The fact the AO crossed the zero line tells us that wave 4 is in progress and close to it's end. In my opinion, wave 4 has the shape of triangle correction, which is not obligatory has to retrace too high. Therefore, we can count the wave's 5 target. It's minimal target is located $25200 , maximum one - at $23500 (see my previous analysis). My plan now it looking for the short trade entry, I cannot see here any potential pumps. Best regards, Ivan _____________________________________ ❤️Follow me and never miss the update❤️
Short
by Skyrexio
3
Selling Bitcoin at downtrend line.Bitcoin - 24h expiry - We look to Sell at 28495 (stop at 29105) Trend line resistance is located at 28600. The bullish engulfing candle on the 4 hour chart the positive for sentiment. Prices expected to stall near trend line resistance. We look for a temporary move higher. A sequence of daily lower lows and highs has been posted. Our profit targets will be 27005 and 26605 Resistance: 27450 / 27600 / 28000 Support: 26800 / 26400 / 25800 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:BTCUSDShort
by VantageMarkets
Bitcoin seeking re-test of Head & Shoulders after LOWERLOWBitcoin is seeking its Lower High on the intraday 4H chart after confirmed the break of a neckline from a Head and shoulders patters. Price is currently respecting structure. The Daily shooting star at the back of a retested trendline suggests that there is sell strength near the neckline of this patters. I will be monitoring the 1H for a the re-test however the volatility must show for this to be a valid sell. This bullish push is all apart of a weak momentum swing high. This setup will appear the clearest on 4H and 1H. I will take entry on the 30 or 1H.
COINBASE:BTCUSDShort
by DesharedPierreJr.
BITCOIN : NGL Looking Bearish 😐 Hi Traders, Investors and Speculators of Charts📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year 🏫 From the short term / daily perspective, Bitcoin has turned bearish. These reasons are pointed out on the chart, including a few very clear chart patterns. There are a few things I can think of that may be causing this short term selloff: 👉 Market Correction: Cryptocurrency markets are known for their volatility, and periodic price corrections are common. After experiencing a significant surge in price, it is not uncommon for investors to take profits, leading to a temporary decline in the price. 👉 Regulatory Concerns : Government regulations and policy decisions can have a significant impact on the cryptocurrency market. Negative news regarding regulatory developments, such as increased scrutiny, potential bans, or stricter regulations, can lead to market uncertainty and a decrease in investor confidence. Regulatory actions in major economies can create selling pressure and contribute to a downward trend in BTC's price. 👉 Whales whaling around, causing an even larger sell-off as the price of BTC drops and Technical Indicators turn bearish on the daily I t's important to note that I'm only short until FWB:25K , at which point a bounce is possible. If you missed it, here's an earlier analysis regarding this exact support zone and it's importance for the price of BTC : _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck BINANCE:BTCUSDT COINBASE:BTCUSD BITSTAMP:BTCUSD KUCOIN:BTCUSDT BYBIT:BTCUSDT INDEX:BTCUSD BITFINEX:BTCUSD KRAKEN:BTCUSD PHEMEX:BTCUSDT
Short
by CryptoCheck-
27
Bitcoin midterm Mid-term trade on bitcoin in which also participate, with targets 26700, 26000, 25000. Cancellation of the short scenario, price exit above 30400. Maybe today before the interest announcement we will see the price swinging to the upper 29000-29600 or even 30000, which will give the opportunity to sell at the better price, and after the announcement I am waiting for the sell-off. Support the author subscribe ✅ and start rocket 🚀. Good luck and profit to all.
Short
by Kirill_Gaitan
Bitcoin continued shortIn the last idea we talked about the possibility that the price will be sold up to the area of 29000-29600, and after the publication of the rate data I expect a sell-off. The scenario is fully worked out and the price went down as we expected. My position sold at 28500 is already in profit, about 2%, and I believe that the scenario with further decline to the area of 27-26 thousand and even lower to the area of 25 thousand, remains in force. Technically we had a formed triangle, which was broken down, at the moment I expect a slight correction upwards and continuation of the decline, and if we break 27k the movement will accelerate. Support for the author subscribe ✅ and start rocket 🚀. Good luck and profit to all.
Short
by Kirill_Gaitan
Bitcoin Head & Shoulders Activating!BITSTAMP:BTCUSD Head & Shoulders printed pattern. Watch for neckline break to confirm. Has busy support zone as highlighted. RSI oversold so you can enter on Bearish Retest or add to your positions. LONG: If the neckline fakes out then consider long opportunities. Plan A / Plan B - We move with price and prepare in advance. Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge. If you liked this idea or if you have your own opinion about it, write in the comments. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
BITSTAMP:BTCUSDShort
by imr4nkh8n