Get started

Btcshort

Bitcoin 4HR Triple-Top! About to Reverse to $34,500?Bitcoin (BTC/USD) is testing the Weekly Bull Channel resistance and potentially forming a triple-top reversal pattern. If the price fails to hold above $38,000, we could be looking at a pullback to the 4HR 200EMA at $34,500. How do we trade this? We're in a bull channel, which means our bias should be to the upside. With the price levels being near the Weekly Bull Channel Resistance, that long bias has to be put on hold. RSI is around 63.00, and we may form a triple top. If that happens and we get a strong reversal signal bar and confirmation, a short to the $34,500 area is reasonable with a stop loss just above $38,000. Longing at this price ($37,200) would necessarily include a stop loss just below channel support at around $36,000. A proper take profit would be at the Weekly Bull Channel resistance of $38,000, leaving us with a 2:1 Risk/Reward ratio. This could be an ideal scalp if you reduce your max position size by half, but the probability of profit longing is not high enough given the close resistance. Key Points 1. Bitcoin is still in a Bull Channel. 2. Price is Near Weekly Bull Channel Resistance. 3. Potential Triple Top Forming. 4. RSI at 63.00, There's More Downside than Upside. 5. Wait for a Sell Signal to Short. You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
INDEX:BTCUSDShort
by TraderEngineering
2
Bitcoin Short Liquidity GrabHello trader! I don't usually trade on weekends, but I've spotted an interesting setup on Bitcoin. I'll try entering from the sell order block and set my stop loss behind it. Take profit targets will be at 1, 2, and 3 levels of liquidity. The reason I want to trade this setup is the local downtrend (since 1 Nov) and the fact that all liquidity from November 2nd is gathered at the top locally. And also there is a sweep movement has formed. 🚀Please support my efforts with the "Boost" button. ❤️And a comment is the best thing you can do for me now!
BINANCE:BTCUSDShort
by CalmTrader_Way
Bitcoin to continue moving downwards until tomorrow eveningthere was a significant drop in the price of Bitcoin as it experienced a sudden decline of $1000, bringing it down to $35,344 by the evening. This downward movement caught the attention of traders and market observers. The Relative Strength Index (RSI), a commonly used technical analysis indicator, also signaled a bearish trend, further supporting the notion of a potential price decrease. During this period, Bitcoin exhibited a rapid decline, with the price falling by approximately $75 every 15 minutes. This swift descent created an atmosphere of heightened volatility and uncertainty within the cryptocurrency market. Traders and investors closely monitored the situation, considering various factors that could have contributed to this particular market movement. Events like these serve as reminders of the dynamic nature of cryptocurrency markets and the importance of closely monitoring price trends and utilizing technical indicators such as RSI to aid in decision-making. It's crucial to conduct thorough research, stay informed about market developments, and exercise caution when engaging in cryptocurrency trading or investment activities.
Short
by Henrywaters
Bitcoin (BTC) Short SetupOKX:BTCUSDT.P Short 1H 4H Trend breakdown + Breakdown of support level 36577 + Retest of resistance level 36577 = TP 1/3 35353 = RR 1 to 3 TP 1/3 34743 = RR 1 to 5 SL for High 36893 + when the first TP is reached = Stop Plus I am interested in your opinion on this algorithm of actions deposit 20% of asset order 20% of deposit leverage ×20 cross margin take profit 25+-% of order stop loss 5+-% of order day loss 1% of deposit RR 1 to 5 Entry on negative news background + At negative mood of trendsetters + No nearby reports, speeches + Bearish chart and candlestick patterns + A pool of indicators signalling a downtrend #DYOR
Short
by FelixVexelman
4
BTC 4HR Analysis - Bears Are Taking Control to 200EMA!Bitcoin has had three pushes up from its previous trading range ending with a failed break of the $37,500 resistance level three times, leading the price below the 30EMA. Per my Weekly Analysis, the $37,500 price area is Bitcoin's Weekly Bull Channel resistance. These data points mean a short is reasonable from the $37,000 price area with a stop just above the pin bar at $38,000. It's also reasonable to take some profits at the bull channel bottom (about 1:1 Risk/Reward) and the remainder just before the 200EMA around the $34,000 area. Key Points 1. Bitcoin is still in a Bull Channel 2. We have three pushes up ending with a strong bear pin bar 3. Three failed attempts to break and hold $37,500. 4. Gap from Current Price to 4HR 200EMA 5. RSI is just above 40.00 with Room to Fall You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
INDEX:BTCUSDShort
by TraderEngineering
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- Bitcoin’s recent price action reflects a positive uptrend with its value piercing through the 37,000 resistance zone yesterday only to settle at just above that range. The oscillators present a mixed bag of signals with the relative strength index (RSI) at a high 83, suggesting that BTC may be entering overbought territory despite a neutral stance. Meanwhile, the Stochastic holds at 74, maintaining neutrality, and the commodity channel index (CCI) stands at 162, hinting at a continued bullish run albeit within a neutral zone. Moving averages for bitcoin reveal a strong consensus for bullish sentiment. The exponential moving averages (EMAs) and simple moving averages (SMAs) across various time frames (10, 20, 30, 50, 100, and 200 days) all signal bullish sentiment. This unanimous direction indicates a firm trend upwards, with shorter-term EMAs like the 10-day at 35,481 reinforcing recent gains and longer-term averages such as the 200-day EMA at 28,496 confirming a solid upward trajectory over a more extended period. The potency of Bitcoin’s bullish trend is further evidenced by its market behavior, showing a strong 7.5% increase over the last week and an impressive 34.9% rise over the past month. Such momentum will likely attract a speculative surge, driving prices to new heights before any potential corrective actions take root. Investors may view this as a testament to Bitcoin’s resilience and a beacon of its inherent value proposition amidst the market’s ebb and flow. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
3
Predict Bitcoin's Price with "W" pattern from the 50 and 200 MA 50 MA in blue, 200 MA in green. There is a "W" pattern where the 50 MA also crosses under or over the 200 MA. It can be useful in short-term and long-term trading. If the pattern repeats itself, with your ruler you can see that there should be a correction for the next 2 months (according to the previous corrections in the bull run which are about the same length). It’s also interesting to look at how deep the second correction, or “V”, will go. In the W pattern of End 2019 (October) - Middle 2020 (May), the 2nd dip was deeper than the first and it resulted in a bull market. We could argue that it also happened back in July/August 2014 – October 2015. In the W pattern of Middle 2021 (May) - End 2021 (October), the second dip was higher than the first and it resulted in a bear market. We therefore have to wait to see if there will be a correction and how deep it will be, continue to use indicators, and find patterns.
BITFINEX:BTCUSDShort
by YanakTrading
The whales have sold off their holdingsThe BTC market continues to fall, but resistance still exists. From October 2022 to August 2023, the number of Indonesian cryptocurrency investors has never increased by more than 1%, reflecting the downward trend in the global cryptocurrency market. Furthermore, Bapebuti said that the virtual currency transaction value in Indonesia also decreased by 25.2% month-on-month in September 2023 and by 54.7% compared to the same period in 2022. Prior to this, at the end of July 2023, Indonesia's Ministry of Commerce coordinated with Bape Buti to open the first virtual currency exchange (CFX) in this Southeast Asian country to ensure people's safety. Trading cryptocurrency assets. According to Trade Minister Zulkifli Hassan, the launch of CFX reflects the Indonesian government's commitment to providing security to businesses and building a fair ecosystem for crypto asset trading. Zulkifli argued that the new exchange will also provide clear regulations to protect consumers and give them peace of mind when conducting cryptocurrency transactions, thereby contributing to the country's economy and trade.
CRYPTO:BTCUSDShort
by Chart_MasterPro
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- Bitcoin fell 3.3% to 34,195 amid a light trading volume of 20.79 billion over the last 24 hours. The relative strength index (RSI) reading of 70 indicates bitcoin is approaching overbought levels, while the Stochastic oscillator of 86 suggests the crypto may be due for some more pullback. The commodity channel index (CCI) of 60 reflects that BTC is still trading within the upper half of its recent price range. The ten-day simple moving average (SMA) of 34,494 represents near-term resistance, while the longer-term 50-day and 100-day SMAs of 29,072 and 28,261 signal ongoing positive momentum. the RSI’s descent towards a bearish divergence, coupled with the absence of any forthcoming spot bitcoin exchange-traded fund (ETF) announcements, hints that a downward price correction could be on the horizon. Should this occur, the 33,000 and 32,500 levels are likely to emerge as critical support thresholds to keep an eye on. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
1
Time for a BTC pullback?BTC is not only at resistance, there's also a Death Cross on the RSI indicator. - KUCOIN:BTCUSDT is at an upsloping resistance line going back to Feb 2022 - There is also significant horizontal resistance around 36,500 - The RSI is at 77.5, going lower than the RSI MA (81.19) which could signal a downtrend Shorting looks very appealing. But, the last time I said that, at 31k, we hit a god candle and all my shorts got stopped out, so don't listen to me, I'm an amateur.
Short
by tokentradertv
BTC/USDT UPDATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- Bitcoin (BTC) is exchanging hands at 34,388.22 per unit. The leading crypto asset has recorded a 24-hour range between 34,174 and 34,703 per BTC. Bitcoin commands approximately $8.97 billion in global trade volume on Wednesday, and its market cap dominates by 50.9%. Bitcoin’s current state reflects a strong bullish momentum, underscored by its significant price surge over the last fortnight. The relative strength index (RSI) at 79 and Stochastic at 75 both point toward overbought conditions, signaling the potential for a price correction or consolidation in the near term. However, the moving averages tell a different story; with the exponential moving average (EMA) at 33,586 and simple moving average (SMA) at 34,173, both indicators suggest a bullish signal, reinforcing the prevailing upward trend. Despite the positive price movement, the discrepancy between the oscillators and moving averages necessitates caution. The overbought conditions indicated by the RSI and Stochastic could lead to increased volatility, and traders should be prepared for potential short-term price fluctuations. The moving averages, while bullish, could also be interpreted in conjunction with the caution signals shown by the two oscillators. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
by CryptoSanders9563
1
BTC in new way My RNN divergence script has been sitting on an important resistance level, and the number of bearish predictions keeps increasing. If we look at the past, similar prediction counts have led to negative outcomes. However, it's important to note that things like interest rates could also affect the markets, and this is not a standard way to look at it. It's always important to keep your eyesight wide and consider all perspectives when making trading decisions. Good luck on your trades!
Short
by Viltautas
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- \Bitcoin consolidated on Tuesday, as markets braced themselves for the upcoming consumer confidence report from the United States. Following a high of 34,843.94 to start the week, BTC/USD slipped to an intraday low of 34,083.31 in today’s session. This has resulted in the world’s largest cryptocurrency hovering below a key price point of 35,000. the relative strength index (RSI) tracked above a floor at 79.00, which is deep in bull territory. Price strength is now sitting at 82.02, with the next visible point of resistance being at the 88.00 mark. many see BTC as being overcooked, with a more long-lasting reversal potentially on the cards. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
1
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- bitcoin remained near the 35,000 level, ahead of a key week of economic data from the United States. BTC/USD peaked at the 34,743.26 mark to start the week, after falling to a low at 34,173.38 on Sunday. Bitcoin is moving closer to an 18-month high at 35,157, which was last struck on October 25. Since hitting a low of 33,400 on Friday, BTC has made consecutive gains, which comes after the relative strength index (RSI) found a stable floor at 79.00. the index is tracking at 82.52, which is still significantly above the overbought mark. Should the price continue to increase, there is a good chance that price strength will edge closer to a ceiling at 87.00. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- Bitcoin rose back above the 34,000 level on Saturday, which comes following recent price consolidation. After hitting a low of 33,416.89 on Friday, BTC/USD rallied to an intraday high of 34,201.77 to start the day. The move saw bitcoin snap a two-day losing streak, which came after the cryptocurrency was significantly overbought. Despite the uncertainty of the past few days, the 14-day relative strength index (RSI) remains in this territory. the index is tracking at 81.21, which comes as bulls implemented an interim floor at the 80.00 mark. If this level holds throughout the weekend, bulls may make another run towards the 35,000 level. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563