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AlanSantana
Feb 16, 2020 3:42 PM

Bitcoin Aims At $9740 Followed by $9250 (Bearish Signs) Short

BITMEX:XBTUSD.P240
Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

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XBTUSD (Bitcoin) is now looking full bearish with multiple bearish signals in the making... Let's take a look at those:

  • First we have a break of EMA10 and EMA50 as support. Prices are now trading below this level switching our potential from bullish to bearish.
  • Bearish cross between EMA10 and EMA50.
  • Bearish RSI, trending lower.
  • Bearish MACD.
  • Monday's can be bloody (red).


With also have a "rising wedge" that is breaking down.

All these signals are pointing to lower prices.

We are active with a short on 10X.

Make sure to hit LIKE if you would like to see the full trade details, we will share at 111 likes.

Namaste.

Comment

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Previous chart | Bitcoin Aiming Lower | $10,000 Will Break | Where To Next?

Comment

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💎@BBLREGBOT
Trade: SHORT XBTUSD | Bitcoin

Leverage: 10X

Buy-in: $10150 - $9900

Targets:

1) $9555 |Hit (+44%)
2) $9280 |Next target.

Stop-loss: Close daily (D) candle above $10600

Liq. price: $11,020
(Buy-in calculated at $9974)

Potential profits: 122%

Capital allocation: 5%.

Date: 15-Feb. | 12:06 PM GMT-4

Comment

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Trade: SHORT XBTUSD | Bitcoin

Leverage: 10X

Buy-in: $10150 - $9900

Targets:

Targets:

1) $9555 |Hit (+44%)
2) $9280 |Hit (+75%)
3) $9077 |Next target.
4) $8890

Stop-loss: Close daily (D) candle above $10600

Liq. price: $11,020
(Buy-in calculated at $9974)

Potential profits: 122%

Capital allocation: 5%.

Comment

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Targets:

1) $9555 |Hit (+44%)
2) $9280 |Hit (+75%)
*) $9105 |Hit (+95%)
3) $9077 |Next target.
4) $8890

Comment

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Trade closed.
ALL TARGETS HIT.

Targets:

1) $9555 |Hit (+44%)
2) $9280 |Hit (+75%)
3) $9077 |Hit (+99%)
4) $8890 |Hit (+122%)

ENJOY THE PROFITS.

Namaste.
Trend AnalysisTechnical IndicatorsBeyond Technical AnalysisBitcoin (Cryptocurrency)xbtXBTUSDbitmexprimexbtbinancealanmastersbybitcrypto
Comments
Trader_MDJ
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I got phat rekt on that push to 10k lmao.. this time I'm in at 9920 so I'm safer but at this point this feels rigged. Whales setting up short spots and then pumping and liquidating for shits n gigs
AlanSantana
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@EquitySink, The drop is on now, it is pretty clear.
Trader_MDJ
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@alanmasters, correct haha. It's too bad I got liquidated the last two nights. Recovered a little but lost more in the long run :/ learning curves
AlanSantana
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@EquitySink, Ouch, that hurts... but surely more opportunities will come.

Thanks a lot for your continued support.

Namaste.
Wojak
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@EquitySink, Stop trading with money you dont have, and yo6ull never get liquidated...Margin trading in crypto is a fools game...Do you really think these unregulated exchanges play by the rules?
insomFX
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@Wojak, margin trading is a fools game only if you risk more than you have. you can always manage your risk
If you don't know position sizing then stay away from it.
insomFX
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Monday could be cme gap fill then bloody. Just another opinion.
Could as well go directly to 9.5k test.
AlanSantana
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@insomFX, Thanks for sharing.
substance90
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Finally :)
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