BTC down 30% from ATH - Sinks Q1 2022What's up trading fam -- It's been a while since I've posted my last idea!! I'm happy to be back though and I trust that you all have been raking in the wins this year. 2021 was a "refresher" from 2020's chaos, but we're still in for quite the show.
BTC is down roughly 30% since its ATH on November 10th. As I've stated all year that there is a looming bubble to be popped across most, if not all U.S. asset classes (e.g. Real Estate, Crypto, Stocks, Indicies, and more). With the dawn of the Omicron variant of the COVID-19 virus -- EXPECT THE UNEXPECTED!!
I submit that we will see these asset classes will have their day of reckoning in the first quarter of 2022. There is no $BTC @ $100,000 in 2021, let that go. I don't even think Amazon accepting it would save it from this crash. El Salvador is in the red (random but LOLz) .. This will be the greatest reset of human history (whenever it pops). Remember, we've passed the matter of "IF," it's all about "WHEN" now.
Anyways don't inject hopium and follow for more wins! Share this idea with a friend!! I need 200 followers by 12/31 !! 40 more to go :)
-Stay Ri$ky
Bitcoin-short
BTC MOON ?? Maybe NahBitcoin is likely to touch the demand position in the $40,000 - $44,000 area based on Elliott Wave Theory, bitcoin will move to phase C. where the price will return to the 2nd wave area.
"REMEMBER" this is just an idea based on technical analysis, it is possible that BTC will retest to the $60,000 - $62,000 area, and will continue the phase as shown in the chart above. I've added Fibonacci index level 0.618 which is in the $43,000 area (Strong support).
Not financial advice, Do with your own risk
Any Donation/Support (ETH)
0x94bD70a85147A9f2588994854617987D980acED2
Thanks
Bitcoin Short - 4HHello everyone,
I am sharing my analysis to have your comments and improve my trading technique.
Here on the 4hours chart I think the resistance has been rejected therefore we are going to continue down for the next 4H. There is an opportunity to short the BTC.
Let me know what you think.
Bearish MACD ATR Divergence 1W: Bitcoin (BTC) shortWeekly:
There is now a finger pattern, an upwick sticking out and the current weekly candle went up after the open but failed, and now prices are below previous candle close. Weekly is only half way, but bearish divergence is developing on EFI and MACD-H. Stochastic RSI seems to cross, and is overbought. Let's see how this develops. On shorter TF's I was daring to short around 61-63K, because of the setups on the shorter TimeFrame. I'm carefully opening short positions while I am looking how this weekly candle unfolds and take it's value most serious in it's last 1/3 of its ilifespan. If this setup plays out, I expect it to go to the middle of the value zone, around 50K, up to the -0.5 ATR around 45K. That is a 1.5 ATR to 2 ATR move. -1 ATR could be a third target, but that could be tried with a last remainder of the position
Daily:
After the ATH, a failed try to make a new high, fiddled out and price could not reach the 2 ATR. Then prices started to fall. I shorted already a good portion around 62K-63K based on a setup of the 4H chart. Daily is at the VZ zone now, and I expect it to pull up a little based on a shorter TF. There I will add to my short. Stochastic RSI is oversold, but still kind of flat, and seems to cross again. EFI declining and level is nou in bearish territory, below zero.
Entry: Now, or higher, based on short TF ( I already entered this short around 62K on average
Exit:
Target 1: 50430
Target2: 45100
Stoploss: 64408
R/R: 1:2 up to 1:3
Will crypto market crash or not ? Hi friends
Everything is clear but I'll give you some extra infomation
Both market cap and BTC/USDT now are struggeling with major R . Especially market cap might make a double top pattern
PLEASE PLEASE take this advice from me:
*** NEVER BUY AT RESISTANCE AND NEVER SELL AT SUPPORTS ***
if you're bullish just wait till the R is broken and for more sureness you can wait for pullback
and if you are bearish and hope trader you can go short
I myself am bearish because of my wave counting (It could be wrong but it is my opinon )
like and comment your opinion please
Good luck
H&S pattern? BTC might go lowerYOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :) IF U HAVE ANY QUESTION REACH ME HERE
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
4H Evening Star Doji - At Resistance We have formed a bearish evening star doji candle right at resistance. The last time we had such a candle at resistance BTC fell 20% in about 12 hours. Even though bitcoin has been completely invalidating all bearish scenarios, I think this is the one that does it in. Not to mention the ridiculous bearish divergence that has been playing out. Most bears have now flipped to bulls and the moon boys are extremely euphoric. We could very well see a large pullback here in the upcoming hours. But who knows BTC is so manipulated that it could just defy all TA once again and just continue to the upside, but I wouldnt bank on it. I would expect alt coins to take a massive hit as well. Ive opened a short here. Looking to take profit around 47.5K.
Thank you for viewing my post!
BTCUSDT New Short Position This is my new short position on BTCUSDT, price of BTC has been going up very fast for the past few days, and now it seems to have reached exhaustion, in sharp uptrends this usually means a ranging market is coming for the next few daily candles or a retracement to touch some important moving averages and to gain more volume to continue going up.
This could be a formation of a new macro pattern in which we could be at the top of its newly formed resistance at around 56.2k
Keep in mind that it is very risky to short in a uptrend and only do this on no more than 2x leverage if you even use leverage.