Bitcoin can not get enough demand. I'm expecting a huge decline. Btw, I'm not going to trade this setup. Just analysing! FYI: This is a SELL STOP setup. This is not financial advice.
1) I can see a clear divergence formation 2) Volume is falling on this BTC local growth 3) CME is telling that Asset Managers and Leveraged Funds are shorting BIG despite this rally 4) Longs are keep falling on Bitfinex. Shorts are rising against the trend That is indeed a very weak short-term rally. I doubt it breaks 4250 and stays where. Fundamentally media...
BTCUSD struggling and the weekly chart was closed below a powerfull resistance line which means we need a re-test of a 200MA which is situated at 3400-3409$. Stochastic RSI is overbought and probably in the next week we will have a bearish cross. At RSI we see clearly,was rejected. In my opinion bottom was hitted BUT we need to test once again 200MA. Good luck
simple support turned resistance here with a tight stop, more conservative stop at 3611
Appears harmonic patterns bearish butterfly at frame h1, Preparing to sell in areas 1 and 2 Target price goes down to point A Safe and Happy trading!!
BTC 12HR We have been consolidating sideways for a while now between 6400-6600, for me this is no mans land, a few indicators are looking bearish to me though.. According to futures data 72.35% of retail traders are long, thats ammo for a large down move in my opinion, although we have BAKKT coming up next month so i am bullish, but for now expecting a slow move...
All this bear talk, all this bull talk...I am convinced that we are still bearish...how many days in a row are we going to bounce from these 2 regions? Let's see.
Bitcoin has been gaining lots of positive momentum, especially from news about the ETF. If you look on the WEEKLY chart (I will publish below) you can see our MACD has crossed and momentum is shifting NORTH on the large scale. STOCH RSI has also shifted north on this large time frame. SO the next bull run could be starting now. I see the Waves on this chart as...
Bearish BAT on BTC, testing long-term resistance Shorting this,!
Shoot for 6200, around that range if you want to make 1-2% or short from that range and shoot for the 5800-5950 range.
Hi guys! I wanna share my analysis with you, I do hope you find it helpful. If you liked it please leave a like and If you have any questions leave a comment below!:) BTC is now in a clear bear market, price action is negative and the sentiment is also negative. Will it moon or we gonna crash? No one knows. Anyone stating that it is 100% gonna go up or go down...
New Short Order on 6265,9 SL on 6865,4 We expect new low under 6000
Just an idea but I have a feeling BTC is coming down to $5k - It broke the previous 61.8% fib level so it's next level is the 78.60% level which sits on $5k also there is an old support area in the middle of leg 3 up on the left hand side. Let's see where she goes Not advice just playing the game :)