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Bitcoin-short

Bitcoin may continue to decline to support level in wedgeHello traders, I want share with you my opinion about Bitcoin. The market structure for Bitcoin has evolved significantly, transitioning from a contained downward channel into a much more volatile and expansive broadening wedge after a major breakout. This new pattern has defined a wide trading range, with price action making higher highs and lower lows, indicating a fierce battle between market participants. The most recent and critical development within this structure has been the price's failure to hold above the key level of 119700, breaking down below this former support and seller zone. Currently, the asset appears to be in a corrective phase, setting up for a potential retest of this broken level from underneath. The primary working hypothesis is a short scenario, which anticipates that the price will rally to test the 119700 resistance level and be rejected. A confirmed failure to reclaim this level would serve as a strong validation of the bearish pressure and suggest that a full rotation towards the bottom of the broadening wedge is now the most probable outcome. Therefore, the tp is logically and strategically placed at the 115200 level. This target is particularly significant as it represents a powerful confluence of the horizontal support level, the main buyer zone, and the ascending support line of the wedge, making it a natural magnet for price on the next major downward impulse. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
THINKMARKETS:BTCUSDShort
by LegionQ8
6
Bitcoin will rebound from resistance line and then continue fallHello traders, I want share with you my opinion about Bitcoin. After looking at the chart, we can see how the price entered an upward pennant and then at once rebounded up from the support line. Then it reached support level, which coincided with the buyer zone, and some time traded near this level, after which it made a small correction. Later it grew higher to 107800 level, breaking it and then made a retest. After this movement, BTC made an impulse up from the support level and rose to the current support level, which coincided with the support area and soon broke it. Later, it BTC rose to the resistance line of the pennant and then made a correction to the support area and started to trades inside. But later it made a fake breakout of the current support level and then tried to back up, but failed and dropped to the support line of support line of upward pennant. Then BTC turned around and started to grow, and soon broke the 116500 level one more time. After this, it reached the resistance line of the pennant, and it turned around and started to decline. In my mind, BTC will grow to the resistance line and then continue to decline 116500 support level. That's why it's my current TP. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
THINKMARKETS:BTCUSDShort
by LegionQ8
BITCOIN Will Move Lower! Short! Take a look at our analysis for BITCOIN. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 116,484.20. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 114,249.78 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
TRADENATION:BTCUSDShort
by SignalProvider
2
BITCOIN Will Fall! Short! Take a look at our analysis for BITCOIN. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 118,337.45. Considering the today's price action, probabilities will be high to see a movement to 113,068.85. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
TRADENATION:BTCUSDShort
by SignalProvider
1
BITCOIN Will Go Lower! Sell! Please, check our technical outlook for BITCOIN. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 113,260.21. The above observations make me that the market will inevitably achieve 107,826.27 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
TRADENATION:BTCUSDShort
by SignalProvider
10
Bitcoin will continue to decline to support levelHello traders, I want share with you my opinion about Bitcoin. Following a period of a broad downward trend, bitcoin's price action has been channeled into a large downward wedge, a pattern that signifies converging volatility and a period of consolidation before an eventual decisive move. This market action is taking place between two critical, well-established zones: a major seller zone capping rallies around the 119500 resistance level and a significant buyer zone providing support near 116000. Recently, an upward rebound attempted to test the upper boundary of this wedge but was met with strong selling pressure from the seller zone, confirming its validity as a formidable barrier. The price is now correcting downwards after this rejection. The primary working hypothesis is a short scenario, anticipating that the bearish momentum from this recent failure will continue to drive the price lower. While a minor bounce or retest of local resistance is possible, the path of least resistance within the pattern's structure is now towards its lower boundary. Therefore, the TP is strategically set at the 116000 level. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Short
by LegionQ8
30
Bitcoin can start to decline and break support levelHello traders, I want share with you my opinion about Bitcoin. After completing a powerful upward impulse that originated from the buyer zone near 106500, the price action for BTC has transitioned into a corrective market phase. This consolidation has taken the form of an upward pennant, characterised by a narrowing trading range that suggests a significant directional move is forthcoming. Currently, the asset is undergoing a sequence of downward corrections within the pennant, exerting repeated pressure on the critical demand zone between 116500 and 117400. The importance of this zone is amplified by its confluence with the lower trend line of the formation itself. The primary working hypothesis is a bearish resolution, anticipating that persistent selling pressure will culminate in a decisive breakdown of this support. This event would act as a bearish breakout from the pennant, providing strong confirmation for the continuation of the downward impulsive momentum and shifting the local market structure. Therefore, the take-profit level is logically positioned at the 112000 mark. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
THINKMARKETS:BTCUSDShort
by LegionQ8
31
BITCOIN Will Fall! Sell! Please, check our technical outlook for BITCOIN. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 108,838.74. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 101,845.14 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
TRADENATION:BTCUSDShort
by SignalProvider
1
Bitcoin will continue to fall to support level in channelHello traders, I want share with you my opinion about Bitcoin. This chart shows how the price rebounded from the support line and started to grow. In a short time, it rose to the support level, which coincided with the buyer zone, and it even soon broke this level. Next, the price rose a little and then continued to move up, but later corrected the support line. After this, BTC rebounded and rose to the seller zone, breaking the 108800 resistance level. Then it rose a little more and turned around, and started to decline inside the downward channel. In the channel, price soon broke the 108800 level and continued to fall next. Later, Bitcoin broke the support line and fell almost to the support line of the channel, after which it turned around and made an upward movement. After this movement, Bitcoin dropped to the 100300 support level, after which it turned around and, in a short time, rose to almost the resistance line of the channel. Price didn't reach this line, turned around, and continued to fall in the channel. In my mind, Bitcoin can continue to move down top support level inside the downward channel. That's why my TP is 100300 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
9
BITCOIN Will Fall! Short! Here is our detailed technical review for BITCOIN. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 108,507.32. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 105,553.71 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
TRADENATION:BTCUSDShort
by SignalProvider
1
BTC - Will BTC revisit $102k or is a pump imminent?Bitcoin (BTC) has been in a consolidation phase for an extended period, marked by a lack of strong directional momentum and characterized by ranging price action. This type of market environment often leads to both liquidity grabs and choppy movement, and traders need to remain especially vigilant about key levels and structure shifts. Liquidity grab Yesterday, BTC managed to sweep the recent highs, grabbing liquidity above a short-term resistance zone before reversing and moving lower. This move appears to have been a classic stop-hunt or liquidity sweep, which was followed by a strong rejection. As price moved down from those highs, it left behind an unfilled gap on the 15-minute chart, what many refer to as a Fair Value Gap (FVG). This gap now acts as a magnet for price and is a key area to watch as we approach it again. Market structure On the 1-hour timeframe, BTC has now printed a lower low, suggesting a short-term shift in market structure to the downside. This structural break opens up the possibility for a lower high to form, setting up a classic trend continuation scenario. From a technical standpoint, the expectation would be for BTC to now create a lower high and then push lower, potentially targeting the range lows from yesterday and today. This provides an opportunity for a short setup with a favorable risk-to-reward (RR) ratio, estimated to be around 3:1, if the entry and stop are managed around the key resistance and structural levels. Fibonaccy that aligns with the FVG Currently, BTC is sitting at the Golden Pocket, the region between the 0.618 and 0.65 Fibonacci retracement levels. This area often serves as a reaction zone for price, and we are seeing some hesitation here. Interestingly, this Golden Pocket sits just below the aforementioned 15-minute FVG, and price appears to be gravitating toward this inefficiency, potentially looking to fill it before making a more decisive move. What adds to the confluence at this level is the 0.786 Fibonacci retracement, which aligns almost perfectly with the top boundary of the Fair Value Gap. While many traders look to enter short positions at the 50% mark of the FVG, this added confluence makes the 0.786 + FVG top zone a more compelling entry point. This would allow for a tighter stop just above the gap or structure high, and thus improves the risk-to-reward ratio slightly compared to a more conservative FVG entry. Conclusion In summary, the plan would be to wait for BTC to either fill the FVG and reach the 0.786 level or show strong rejection signs there. A rejection from this zone would confirm the lower high thesis and offer a solid short setup aiming for a move back to the range low. With the current setup, market structure, and confluence levels lining up, this trade idea presents a tactical opportunity with clear invalidation and high RR potential.
Short
by Youriverse
39
BITCOIN Will Go Down! Short! Take a look at our analysis for BITCOIN. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 102,528.88. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 97,324.69 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
TRADENATION:BTCUSDShort
by SignalProvider
1
BITCOIN Will Go Down! Sell! Please, check our technical outlook for BITCOIN. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 99,828.85. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 93,010.82 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
TRADENATION:BTCUSDShort
by SignalProvider
1