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Shortsetup

COIN short to $150?!While we wait to see this larger triangle (in white) play out, I see an interesting potential short on Coinbase. It looks to me that despite an arguable crypto bull market, Coinbase might need to retrace and set some new bullish technical structure -- perhaps an inverse head and shoulders, or bull flag -- before moving up later this year. Momentum indicators also suggest a bearish turn is on the horizon. I've marked my TP zone in cyan and plan to take some off the table almost immediately if we get an impulsive move down. Important caveat: I recognize that we've been trading in a parallel channel (yellow) for about 150 days, which might imply a bounce. In the medium term, I also think NASDAQ:COIN is likely to break this white triangle bullishly, rallying with a broader move up in the crypto markets.
NASDAQ:COINShort
by dawsonMoonshot
1
BTCUSDT & SOLUSDT, Mon 05 Aug, Weekly Review!Weekly candle review. Last week's candle was completely bearish. The beginning of the week started with a downward movement. But neither Bitcoin nor Solana reached the 78% Fibo level. Bitcoin reached the price of 48895 and Solana reached the price of 109. Since both (Bitcoin and Solana) are in the discount area and the first day of trading, It is expected that the market will be bullish so that after crossing the 50% Fibo level, they will enter the premium area and then start their downward movement again. Bitcoin will reach 56000 ~ 60000 and then 46100 and 44500 and even at reach 40,500. Solana also rises to the price of 145-160 and then continues its downward movement to 107 and even to 80.
Long
by kevin13433
Eyeing the Key 0.618 Fibonacci Level Amid Rising Wedge BreakdownCurrent Price Action: - The S&P 500 is currently trading around 5,346.55, having experienced a recent pullback. - A significant decline of about 13.51% from the recent highs is indicated, bringing the index to around 4,703.08, which aligns with the 0.618 Fibonacci retracement level. Fibonacci Retracement: - The 0.618 Fibonacci level at approximately 4,703.08 is a critical area to watch. This level is typically considered a strong support zone in technical analysis, and a bounce from this level could be anticipated if buyers step in. Rising Wedge Pattern: - A rising wedge pattern has been identified, which is generally a bearish signal. This pattern suggests that the recent uptrend might be losing momentum and could lead to a significant price correction. - The break below the lower trendline of the rising wedge confirms the bearish outlook, supporting the expectation that the price might head toward the 0.618 Fibonacci retracement level. Support and Resistance Levels: - Immediate support is seen at the 0.5 Fibonacci level around 4,887.58. - The major support level to watch is the 0.618 Fibonacci retracement at 4,703.08. - On the resistance side, the recent high near 5,669.34 acts as a critical resistance level. If the index manages to reverse and break above this level, it could invalidate the bearish scenario. Technical Indicators: - The moving averages are currently showing a downward slope, indicating bearish momentum. - The EMA ribbons (colored bands) are compressing, suggesting a potential shift in trend. Conclusion: - Given the break of the rising wedge pattern and the target of the 0.618 Fibonacci retracement, the outlook for the S&P 500 appears bearish in the short term. - Traders should watch for a potential bounce at the 0.618 level around 4,703.08, as it might serve as a strong support area. - If the index fails to hold this level, further downside towards the 4,440 region could be expected.
TVC:SPXShort
by CryptoFallen
2
BTC - Watch for this correction Pattern to form This is the same chart I’ve been presenting for a few months now. Bitcoin has been showing interest in correlating with DXY’s major breakdown to sweep these Uber low zones. So long as we are respecting these trendlines, I’m convinced that Bitcoin will form a pattern approximate to these levels: 58,700 to 34,500 34,500 retrace up to 42,000 to 45,000 Rejection at this 42,000 to 45,000 zone indicated a drop to the ultra lows - 6,000 to 10,000 So far the price action and chart formation is pointing in this direction. I advise at least to keep an open mind, and understand that while most will expect bitcoin to go to zero. A sweep of these lows is just clearing liquidity prior to a 200k plus Bitcoin over the next 1-2 years. If this happens, buy 6-10k level We should see volatility the remainder of this Sunday and into Monday
Short
by DickDandy
1
#BTC scalp setup short you can use leverage# hello folks , hope you’re doing well here is a wonderful scalp entry BTC just reached an area of strong rejection and cleared internal liquidity in LTF and now his is aiming the external one down bellow the previous low. #You can use leverage at your own responsability and according to your risk management plan Don’t forget to boost and support our Ideas to receive more Analysis We are using LEET ALGORITHMIC CONCEPT (LAC) a revolutionary new trading concept developed by LEET TRADERS COMMUNITY and based on the reasoning logic of the most powerful trading algorithms that control all financial markets . very high accuracy, No psychological factor or stress, the only rule is to follow the steps of the checklist until you reach the target ********* WAKE-UP NEO =) follow the white rabbit********
Short
by LEETRADERS
SOLUSDT, Sat 03 Aug, Updated 3 !The Sol Price Action in Weekend! There are many News on US Market Yesterday! Today Is Saturday but the market is open and Trading! What I see in Market of Sol till now, I expected: We can have Long Position in NY Session (Maybe & Maybe) But I looking for Big short Position; when the price will hit the "Buyside" And when I get confirmation from BTC Price Action. The BTC must hit its "Buyside" first. There are few "FVG" `s sit on FIBO`s Levels. Which FVG will be respected By Price? Then We can get Big short Again! Happy Weekend!
Short
by kevin13433
SOLUSDT, Thu 01 Aug, Updated 1!A new analysis on price action Solana! In the daily candle, the price of Sol decreased from April 1 to April 13. A sharp and relatively quick downward movement from the price of 203 to 112. Then it went up and fell again to the price of 118 and from there it went up to 189 (May 21). The price of 176 is the buy stop line, which was broken by this upward movement. But it didn't reach the price of 192 (red FVG) and then it went down again. Of course, after touching the price of 176, the price went down and continued until June 24. It went up a bit and reached the price of 121 again (July 5) and the price went up until the 29th of July and the FVJ touched the upper red color. It is the fourth day that the price has been bearish, an FVG has been formed between the second and fourth day. Result: Regardless of what levels of Fibonacci the price touches (32, 50 or 62%), but the price will definitely return to the FVG (between the second and fourth day) and you can get a good High profitably short! This is not a buy or sell or trade offer, this is just an analysis and an idea!
Short
by kevin13433