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Bitcoinshort

Bitcoin - Bear FlagWith the bad performance of bitcoin in this region of 20k I decided to sell the bitcoins I had previously bought, it was with an average price of 20,000 and I sold it in the region of 19,700 with a little loss. Most likely Bitcoin is forming a bearish flag pattern that could take us all the way up to the price of 13k to 12k. The objective now is to look for more entries at the bottom or wait for a trend reversal signal to buy again. I'm also on the lookout for opportunities to short.
INDEX:BTCUSDShort
by MrClock
Symmetrical Triangle breakdown can take Bitcoin price to $17,000Bitcoin price was unable to hold the support line & printed a low $19,221 yesterday. A clear breakdown & retest of symmetrical triangle can be seen on the chart. Previously, on June 4th a breakout & retest was witnessed & then price rallied all the way up & met the target of 17%. This time the distance of symmetrical triangle is 11.54%. If it follows the same pattern then price call fall till $17,094. This structure will be invalidated if 4H candle of BTC closes above $20,080. Today, CPI reprot will be released. Market ca be highly volatile. Overall, chart looks bearish.
BShort
by tradetogether90
BTCUSDT - Daily Pennant Targeting 8kI have been posting a lot of shorts since I joined TV. But this is only because I have not seen any low risk longs since. Here on the 1D chart we see that BTC is ranging within a pennant which looks like it's targeting $8,090. This is the same scenario that has happened many times in the past couple of months already. The blue area is where I believe the bear trend will turn around and become bullish. However, this could take weeks / months of trying. I only use Fib for indicators and analysis. If you would like me to chart any other coins leave a comment 👍🏽
Short
by priitzzy
BITCOIN - Final Shorts ✅Following on from our last post, we indicated that there's a final bearish wave left. We are now on the verge of breaking down for the final time. Once this bearish leg is completed, we will be looking for bullish price action for the next bull run. Shorting Bitcoin here will be a bit risky with limited gains to be made. The bigger and better trade would be to wait for Bitcoin to bottom out and then look for buys. However, if you want to trade the final shorts, approach it with caution. SHORT Trade Idea: - Watch for break of red ascending trendline - Once broken, enter with stops above the recent highs - Targets: 17700, 16000, 14500 We'll be back with an updated post once this bearish leg is done. Goodluck and as always, trade safe!
by WicktatorFX
21
More Selling Pressure on BTC aheadBitcoin much like some of the names we've spoke about like CRWD and UPST is following a similar pattern and structure. We are expecting some bullish activity to come in to bring Bitcoin back into the 35-37k range but ultimately heading back down to sub 20k is its next move. 18k+ to be exact. We love Bitcoin & Crypto.. However in this Risk off environment and inflation running hot it will continue to act as a catalyst to drag cryptocurrencies down. Note: We do have Bitcoin at a million dollars or more by year 2034/35. We will discuss more about our mid/long term outlook on BTC soon however we dont think 18k is the low or bottom of BTC.
BITFINEX:BTCUSDShort
by Thecontrariandaily
15
Revised Bitcoin Trend analysis on Weekly Time frame If BTC consolidate between 28643 to 32485 and it breaks upside will lead to Target of 37900 to 38000 If BTC consolidate between 28643 to 32485 and it breaks downside 28600 It will lead to downward Journey very fast. below are downside Targets 1st 25475 2nd 19300 3rd 12900 (In case drastic changes in global environment) Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor before making any trading decision. Leave a comment that is helpful or encouraging. Let's master the markets together.
BYBIT:BTCUSD.P
by sbkurandwad77
Bitcoin (BTCUSD) is ready to touch 12000Since the first quarter of this year 2022, BTCUSD is in downtrend and the price of BTC is reduced by 2/3 already. The Strongest support near the current price is 20000 and 15000 and the strongest resistance is 28000. as per the daily timeframe, it is making a bearish trend and if it continues, soon we will see 15000 and 12000. The best thing to do is to wait. right now its in Black Level zone which means you can not buy and you can not sell it till we get confirmation of trade. We need to trade when it comes in our zone and ready to drop or fly. bellow 22800, the price of BTC is bearish. we can make a sell of BTC from 22000-22800. or we can buy it from 12000-13000
Short
by ForexLab
1
Is this game over? Come on, BTC, where's my Lambo then?What's up guys! Here's what I'm thinking. BTC is creating a rising wedge which is a bearish pattern. We made 2 tops already and perhaps the last one is to made. This pattern is very similar to the rising wedge we had this spring. 3 tops on falling vol and RSI ended up with a massive drop from $65k to $29k. Just look at the chart - we're creating another one, great wedge. We may be falling down to ~$53k, and then even rise to $68k, or the new ATH which would be ~$71-72k. But then, considering falling volume and RSI more probable is that we will fall down, and this may be over for now. I've marked multiple supports. I don't think we may fall down farther than to ~$28k but anything is possible. Stay safe, stay tuned, I'll keep you updated. Best!
Short
by JimmyHodl
5
BTCUSD - Bitcoin approaching the CL. Potential for a bounce.The current target is still the center line of the pitchfork. From there we have a high probability to get at least a bounce. I would not expect a trend change, since BTC is clearly following the bear market. And why wouldn't it? BTC is a currency. People use it as a thing of barter the same way as with Fiat-Money. What ever you use to buy, it's value comes from people believing in it. So, if inflation starts to kick in (which it already has immensely) , the value of the "thing" ,be it BTC or Fiat, goes down. You have to pay more for the same goods as months before. So don't stick in the false believe that BTC MUST go up, just because it's BTC, because it could free people from Fiat, because it's hip etc. This is how I think and trade BTC. It's here to serve me, not the other way around. I have to make clever and thoughtful decisions if I trade it. Nobody is paying me for being a Hero, holding BTC to the bitter end. Instead we should follow the Pendulum that swings back and forth. Be wise, not opportunistic.
BITSTAMP:BTCUSDShort
by Tr8dingN3rd