Bitcoin-short
BTC is going to $38 - $30kHello traders, here is my bitcoin idea. As I show on the chart the price is still in channel and it suddenly stopped under the channel level. I expect the price will continue down as low as $38k or even the $30k. Also very short SL. Let's see... Not financial advice.
Profits.
MATIC TO $0.45What is currently going on with Matic? Well just like most other crypto's, Matic is also about to enter a bear market heading into 2022. It has completed its 3 wave impulse move to the upside according to the Elliot Wave theory. From May 2021, we saw the first move to the downside which would count as completion of Wave A. Wave B correction now also complete, after a retest of the order block at $2.57, now heading for a deeper move down towards $0.45 (Wave C).
2022 will be the year a lot of people get screwed in Crypto as they will constantly be TRYING to 'buy the dip', but market will carry on dipping. I will be catching this move on behalf of myself & my Account Management investors.
It points to the Bollinger lower band in the weekly time frameWe are literally dealing with a descending triangle formation. As you know, this type of formation tends to break down and in this case where we have a downward momentum, unfortunately, it points to the Bollinger lower band in the weekly time frame as the price target.
Bitcoin (BTC) Short Idea Bitcoin has been in a downtrend for some time now with many conversations floating around regarding the beginning of a bear market. The constant 10-15% corrections most weeks after BTC set 67k as its ATH has driven down market sentiment for BTC. RSI indicators on the 4hr and daily time frame show that there is room for BTC to fall down. However, the major indication to me that price will go down further from here is the recent price action.
Bitcoin second sell entryThis is my second sell entry for Bitcoin.In my previous analysis i was able to catch the exact top with absolutely 0 drawdown.
This is second selling opportunity.Take profit targets are same like before.
I'm expecting 28k.That's the final take profit for all short positions.
Risk what you afford to lose.
Bitcoin Correction Seems Inevitable -cycle of support and resistance followed by retests since January of 2021
-downtrend since early November with a clear resistance
-bitcoin has gapped down past the support level that has been clear since late July
Currently Bitcoin is struggling to move either direction, and a close red would be a sign of bearish continuation.
In the case that Bitcoin poses a reversal the $51904 and and $53461 resistance levels are at and below the descending resistance level.
A retest of this level could continue the downtrend back to the level of $42200 that we saw yesterday (breaking the 5 month long support level)
I suggest averaging down with a small amount when a key level is passed / tested. Good luck to all.