BTC1! CME Futures Daily Analysis

~There is beauty in simplicity.~

-Trade Based of Data, not Emotions
-Consistent Strategy, not Inconsistent
-Same Input = Same Output. If you don't do the same thing consistently, how do you know what you are doing wrong?
-Patience. There will always be another trade, another setup.



BTC1! CME Futures Daily Analysis

-Proximity to weekly resistance.
-Proximity to upper boundary of Volume Profile.
-Breakage and current holding of daily 55 EMA.
-Overbought conditions on Time Transformation, no confirmed sell signal.

Mixed signals on CME Futures for Bitcoin. All aspects seem to agree with a bearish analysis, the only positive aspect is the EMA's. I believe we can alleviate this by understanding that CME contains very incomplete historical data for parsing an accurate moving average. On every other chart with more historical data we see our EMA's acting as resistance instead. So while we cannot discount that traders would look at that as a bullish sign of holding higher support, we do have to filter that through the lens of more complete market data.


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