Bitcoin should be headed to 8000. This is extremely likely. Unless support starts forming right now it should get there pretty soon.
Since there isn't much support building up at the lows, it looks like the high 7000s price will not be the bottom for Bitcoin.
Probably get out of your long positions. Looks like consolidation (waiting for positions) before massive...
There is support in this area. I'm expecting maybe a 10% bounce?
The question is whether or not Bitcoin is going to keep heading lower after the bounce.
I personally am watching carefully for an entry in this area.
Just my current thoughts.
Bitcoin had a massive dump today.
It looks like the bottom should be around 8k to 7k. In the meantime, it will probably consolidate above 8k.
There is a chance for it to move higher from the current price.
Personally I have placed bids from 8k to 7.1k and have gotten filled for just one order which really made my day. I believe a great place to enter long is...
Despite what I believed earlier, the move up was only around 1.4%.
Bitcoin just seems to want to move down. The wick just now was someone taking some longs and exiting at the top, so I don't think that is a bullish sign. Funding shows people seem eager to buy.
Just my current thoughts. To reflect this, I have closed my longs. I'm not really confident with this one.
The bart pattern recently has happened on the BTC chart. As users market sold during the circled area, the assumption is many retail traders were stopped out or entered short, meaning a move above will create liquidity as they have tight stop losses or are prone to being liquidated easily. The shorters will also provide support allowing a further move up.
One of my few neutral ideas. I always hated them but there really is no direction in the short term.
Right now it could go either way. Mostly bearish, however right now there is a potential reversal formation that may take Bitcoin to 10250 - 10400.
In my opinion, if you are looking to short to 9k, you can probably ignore this.
Market conditions change frequently, and right now it looks like short term looks bearish. After the breakdown of 10250, we should be heading to 9800. Might be some liquidity hunts along the way. Chance for 10250+ retest which can be used to short.
Otherwise should be dropping a couple hundred points.
Just my current thoughts.
Right now I believe it's really best to get a long somewhere and ride price upwards.
If you want to enter, you may place limit orders in the highlighted area. Hopefully 10140 will not be breached and the next few days can all be green.
I'm already long from 9.7k, but will be adding to my position. If you need a stop loss, I might look at a close below...
If this is accumulation, the levels highlighted by me should be support and hopefully won't be breached for very long. If they are, it probably means it won't be a straight path up from here.
I'm currently long from 10k & have entered more positions around 9.5k. I hope I can get filled some more of my limit orders near 9.7k.
Just tracking thoughts.
After touching an important moving average, the data shows there is strong demand at this area. Therefore, buying Bitcoin is a good idea here.
Throughout history, Bitcoin has seen support and bounces after touching this moving average. As there currently is many buyers at the current area, I believe it will happen again.
This is a longer term trade.
1. Large amounts of underwater longs
2. Funding extremely high. Historically not very good.
3. Large shorts being filled, massive dumps that did not retrace. Sign of weakness
4. Support unable to bounce Bitcoin.
These are just my personal thoughts that I wanted to keep track of on tradingview.
Chances to make money after flash crash.
Long and wait for the bounce.
Bitcoin will reverse in one of the yellow zones.
You can have scaled orders throughout and sell after the move up.
Thanks for viewing.
Bitcoin has broke out with high volume.
Each time this occurs, there is a very high chance for it to continue upwards.
Reversal zones are where lots of market participants market entered, meaning that this can act as support.
Thanks for viewing!
It seems like there is lots of selling at the current area, meaning that once the sellers are done, price can move up.
This is exactly what happened at the 7500 - 7900 levels.
Therefore, you can long here and close at 9200-9300+ safely, if price shows strength.
Thanks for viewing! This is a shorter term idea. Keep in mind I am still bearish longer term....
Before you make fun of me, I know how this looks like. I've looked through my past ideas and it seems like I am a perma-bear. That is not the case. I am very bullish on Bitcoin and have longed previous prices, but just have not shared those ideas publically. I posted all my trades in the previous related ideas section, which includes some bad ones.
Hello everyone. You can check out my previous Bitcoin ideas in the related idea section. I have been in a short from 8700 area and closed at 7900. My most recent trade is a long at 7590, which I closed at 7940. Both are in related ideas.
Currently, as there is consolidation, and little significant movement, I just wanted to post an educational idea.
It is very...