CME:BTC1!   Bitcoin CME Futures
High risk trade.
1 Everyone is bullish
2 shorting crypto
3 shorting B?TCOIN

So if you are long, maybe tighten those stoplosses. Take in some profit. Let’s see if it’s moon time......... or,
if b?tcoin just “mooned” us.

We’ve broken below the 200 simple moving average on daily followed by open and closes below. 200 is still closing higher, 🧐 keep an eye on this “rolling over” as a confirmation of weakness.

Weekly close confirmed hidden bearish divergence on the RSI and formed a possible Bearish Harami candlestick formation.

Confirmation is a tick below last weeks close @8235
Confirmation for spacesuits is a break of 9085.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.