Btcusdshort
Trading Signal For BTCUSDT Bitcoin Trading Setup:
There is a Trading Signal to Sell in BTCUSDT Bitcoin .
Traders can open their Sell Trades NOW
Rank : ⭐️
⬇️Sell now or Sell on 20857.00
⭕️SL @ 21135.00
🔵TP1 @ 20265.00
🔵TP2 @ 19732.00
🔵TP3 @ 18992.00
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
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NEW BTC BEARISH FORECASTBTC has been trading lower within the falling resistance boundary from 10th of November 2021 till date.
I expect more down on BTC with the below reasons however FED's decision may change the game anytime, this is why we suggest trading with care, strong confirmations, and minimising risks.
Bearish descending triangle, descending resistance weekly and daily, testing major horizontal support since July, head and shoulders pattern, FED hawkish expectations 21st September.
What to do now?🤔
Wait for the candle closure below the neckline boundary, then our target will be 12k straight.
If you're still willing to buy BTC😄
Wait for the break above falling resistance, after retest then you go long for the target of 22653(previous shoulder), the shoulder is our current residence D1 and if the 22653 didn't hold lower your next target 25194 (unlikely).
Let's not be Bullish for BTC - SHORT
BTC is starting to go bearish from very first week of ne.X.t month or anytime soon.
Don't Panic II It's just the R.ecession 2022.
Hope you clear all your positions & be .P.atient.
Once we break $10K, #BTC is confirmed to stay bearish for 10-15 Years even after the recession ends.
I'll not recommend to buy #BTC at dips not even at $1000
Even if #BTC goes up after recession it will be just dead cat bounce so if u buy #btc don't HODL
If u want to make short term profits than it's fine, but I'll still not recommend to do that.
What 1-hour chart says?
Fundamental Development:-
Solana-hacked crypto could be claimed as a tax loss: Experts
or unlucky crypto investors looking to turn lemons into lemonade — it turns out that digital assets lost during an exploit or hack can potentially be claimed as a tax loss, provided you live in the right country, experts told Cointelegraph.
Following the news that more than 8,000 Solana wallets had been compromised and that an estimated $8 million dollars in crypto had been stolen due to a security breach in Web3 wallet provider Slope’s network, this may be some much-needed consolation.
When asked whether there are similar provisions in other tax jurisdictions other than Australia, the country in which the tax software provider is based, Brunette, replied:
“Many countries have a provision to allow for these types of tax deductions however, you should work closely with a local tax professional and make sure you keep adequate proof of the loss.”
Danny Talwar, Head of Tax at Koinly confirmed the same with Cointelegraph, stressing however that in Australia, one must demonstrate evidence that the crypto lost was under their control at the time it was stolen.
Short Term Technical View: On daily period, BTC is trading below 200 simple moving averages and trading below previous day high. Yesterday BTC made High 22,370 and decline and took support from 22400 levels. Yesterday it made low near $22,360.Bitcoin is struggling to gain momentum above $23,370.
Alternative Scenario: If Bitcoin fails to clear the $23,370 resistance zone, it could start another decline. An immediate support on the downside is near the $22,500 level.
Hourly MACD – The MACD is now gaining pace in the bullish zone.
What 1-hour chart says?
Fundamental Development:-
Bitcoin rallies after Fed interest rate hike, but bears can still win Friday’s $1.76B options expiry
(BTC) price has been stuck in a descending channel since July 20 and it is currently heading toward the $20,000 support by the end of July. Adding to this bearish price action, BTC is down 50% year-to-date, while U.S. listed tech stocks, as measured by the Nasdaq-100 index, accumulated a 24% loss.
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Short Term Technical View: On daily time frame BTC is trading below 200 simple moving averages and trading within a range $24,200-$23,600.Yesterday BTC is made High 24,200 and now consolidating within a range. Yesterday it made low near $22,580 and then it continue to climb up to near 200 simple moving average. Bitcoin is struggling to gain momentum above $24,300.
Alternative Scenario: If Bitcoin fails to clear the $24,300 resistance zone, it could start another decline. An immediate support on the downside is near the $23,400 level.
What 1-hour chart says? Fundamental Development:-
Is Bitcoin Heading Towards $25,000?
The unusual rebound of Bitcoin (BTC) over 30% from its June lows makes analysts think that the bear market that has hit the cryptocurrency in recent months could be ending soon.The signs of a further approach towards $25,000 is due to the fact that BTC prices have hit the so-called upper Bollinger Band, says Bloomberg. This occurs after a period in which volatility was compressed, which is often interpreted as “a precursor to a sustained directional move,” the publication states.Something similar happened in June when a period of low volatility was observed, which then caused Bitcoin to slide, just after marking the lower band. On Friday, July 22, BTC rebounded again after a decline the previous day.Resisting Tesla’s Sell-OffThe cryptocurrency’s drop on Thursday came after Tesla (NASDAQ:TSLA) announced a Bitcoin sell-off. Elon Musk’s car company sold 75% of its cryptocurrency holdings.Despite the losses, Bitcoin was able to resist and recover by passing the $23,000 barrier. However, it has yet to reach the high of $24,200 it made for the week.“BTC needs to Weekly Candle Close above $22,800 to successfully confirm a reclaim of the 200-week MA as support,” trader and analyst Rekt Capital wrote on Twitter (NYSE:TWTR) this week. Fellow crypto market analyst Jibon said it was more important to see whether the cryptocurrency will close the week at the low of $22,400, as it looks like it will..
Short Term Technical View: On daily period, BTC is trading below 200&50 simple moving averages and trading near $21700 -$21800 ranges. BTC made low 21700 and now consolidating within a range. Yesterday it made high near $22900 and then it continue to decline. Bitcoin is struggling to gain momentum above $23,000.
Alternative Scenario: If Bitcoin fails to clear the $23,000 resistance zone, it could start another decline. An immediate support on the downside is near the $21,200 level.
💎BTC: Very Soon We are going to Test 32000$Hello Traders,
After scary fall in crypto market, its time to shine again. we seen 1 month strong accumulation in btc, finally btc making higher highs and today we witnessed strong breakout frm recent weekly highs.
its not time to become strong bullish on the market and say bull run is coming bt atleast we can conclude tht in 6 months market will be bullish. first target i m expecting is 32k, which is last monthly candle high.
there are so many alt coins which are highly bullish on weekly frm tomorrow i will post one by one with entry and targets.
What 1-hour chart says?
Fundamental Development:-
Binance Coin’s (BNB) daily transaction volume has dropped by 58.2% as of July 11.Daily transaction volume for ETH and SOL has dropped 13.7% and 18.1%.BNB’s price seems the most resilient in this bear market.According to a report released from CoinMarketCap Alexandria, Binance Coin’s (BNB) daily transaction volume has dropped by 58.2% as of July 11. Meanwhile, daily transaction volume for its competitors, Solana (SOL) and Ethereum (ETH) only experienced an 18.1% and a 13.7% drop respectively.The report also showed that the number of daily active addresses on BNB Chain and Ethereum dropped by 68.8% and 27.2% respectively, while the number of daily active addresses on Solana increased by 20.4%.Alongside the dwindling transaction volume, the total fees generated by each of the blockchain networks per day have fallen off a cliff. This has potentially reduced revenues for miners and validators but has however also lowered costs for the end user. All three platforms saw a reduction of between 88.8% and 91.9% in their daily network fees between November and July.
Short Term Technical View: On daily period, BTC is trading below 200&50 simple moving averages and trading near $22250 -$22,300 ranges. BTC made low 20,780 and now consolidating within a range. Yesterday it made high near $21,670 and then it continue to decline. Bitcoin is struggling to gain momentum above $22,500.
Alternative Scenario: If Bitcoin fails to clear the $22,500 resistance zone, it could start another decline. An immediate support on the downside is near the $21,700 level.
What 1-hour chart says? Fundamental Development:-
Why Coinbase is banning slide decks and 'endless meetings'
Crypto exchange Coin base is getting rid of slide decks and “endless meetings” as a way to improve productivity following the purge of roughly 18% of employees last month.In a July 13 blog post, Coin base CEO Brian Armstrong noted that the company is currently focused on “driving more efficiency” as it continues to scale, pointing to a 200% year-on-year employee growth over 18 months that had started to put a strain on the firm’s organizational structure.He suggested that many major firms experiencing rapid growth generally end up becoming complacent and slowing down, while great companies do the opposite:“While this trajectory is natural, it is not inevitable. Every great company, from Amazon to Meta to Tesla, found ways to retain their founding energy in conjunction with appropriate controls, even as they scaled to be much larger than Coin base is today.”As part of the focus on efficiency, Armstrong stated the firm is “experimenting with banning slide decks in product engineering reviews” to speed up the product development process.“Inside growing companies, there’s a danger that product and engineering teams start shipping great slide decks instead of great products," said Armstrong.Slide decks are essentially a series of slides used for visual representation when presenting ideas. They are very popular ways to communicate big ideas but have a reputation for frequently not being realized.
Short Term Technical View: On daily time frame BTC is trading below 200&50 simple moving averages and trading between $19,400-$19,500 ranges.BTC is made low 19,200 and now consolidating within a range. Yesterday it made high near $20,400 and then it continue to decline. Bitcoin is struggling to gain momentum above $19,500.
Alternative Scenario: If Bitcoin fails to clear the $19,500 resistance zone, it could start another decline. An immediate support on the downside is near the $19,100 level.
Bitcoin Analysis (BTCUSD)The Price is currently sustaining at Year 2017 High. If we talk about the current market structure, the overall context remains bearish. The bearish : bullish candles printed on the chart is 4:1 and even the pullbacks are significantly weaker which tells us that the current support level might be taken out and we can slip down by 30% more to test the level of $13000. Therefore, for now the bearish dominance may continue.