saintbitcoin

The BTC1! Futures look short!

CME:BTC1!   Bitcoin CME Futures
Quick short term update on the CME BTC1! (Futures) market.

We can see a magnificent cup and handle being painted, except it is upside down, also deadly is the h&s hidden within this cup. This gives us a high probability that the market will turn south should the market continue on this volume.

Support for Bitcoin is still at $9k to $10k on the shorter term and we can expect quite a lot of volatility should prices drop below $9k.

Weis should be announcing their crypto ratings in a few hours from now, lets be patient and wait for the market to show us the way.

Feel free to come chat to the market Wizards for free.

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.