BTC continues its crazy run but ran into serious resistance here at around $5,500 It was an area where we paused right before the dump to new lows. If we can break above this level than 5800-6000 is on the cards. Hedging long positions here would be a smart idea in case we do pullback as the gaps below are plentiful right now to go and close A close back below...
Looking to sell short bitcoin at 3977 (stop at 3450).
BTC has a rather larger than normal move over the weekend We saw price take another leg lower hitting the $3,400 region That did cause a gap down on futures BUT it was short lived as we popped right back into the void and have now filled it We continue to remain below both EMAs and below both monthly opens at the moment and until we can regain either/or...
Since futures trading began in December of 2017, no gap has gone unfilled in the futures trading market. To me, this could mean one main thing - Institutional traders are in fact here, and they are winning big. They are hedging their spot positions in BTC with options to guarantee profitability. Whether or not my interpretation of this theory is true, the fact...
BTC has two gaps open on futures but which one will it hit first? Place your bets....
As shared in our last chart and as expected BTC is trying to test $4000. Btc come down to its 2nd Pivot Support If it breaks from here then $3800 will be the next support. full chance for bounce back from $3800 to $4000 as if you see long term trend it is trading over trend line. If it breaks 3rd support of $3800 then $3500 to $3000 possible
We can see BTC filled the previous gap formed when we broke way lower on the future chart It took a few days but we did close the gap but there is still a smaller one left a little higher We are within reach to close that gap BUT a move lower could be followed How strong of a move lower? Time will tell but the reaction we get when we hit this next zone...
I have added CBOE and CME Bitcoin Futures expiration dates to my Bitcoin daily chart. Looks like there might be some correlation worth considering........ Comments?
BTC futures was able to break above the channel/bearflag last week but was rejected at the 50%FIB of the recent down move and sent back down into the channel. However, before everyone gets excited for a move higher, there is an unfilled gap in price at around $6420 and every time there has been a gap in price on Bitcoin futures they have been filled somewhat...
We can compare Bitcoin over the past year or two to Gold from the birth of Gold futures contracts to see why Bitcoin has a good chance of hitting $44k by year end or by early 2019. When each asset broke its previous ATH it pushed for a new ATH well above the first (peak Euohoria zones, Gold 4x and BTC 20x). Each asset topped out at 1.0, then retraced 0.382,...
Bitcoin is breaking Key Levels. Next Support 5750-6000 - Tripple Bottom 5110-5236 - 123.6 Extension 4643-4791 - 141.6 Extension 4074-4265 - 161.8 Extension
Buy Bitcoin fo 12-18 Months Holding. Check Levels & Targets
I feel comfortable with yesterday’s, 25th June, #volume of #bitcoin futures. As shown, contracts expires Fri. 29th and this is where most likely distribution would happen the most. The down trend started early May and #technically at boundary of wedge. So far, gives more odds to the upside within 10-days trading at most. 70% UP (Breakout of 6350, spot price) 30%...
Pro Traders are never perma bull or perma bear. They also dont trade all the time. They change their bias based on how markets behave. The may have a strong Bullish bias but they wont have any issues in changing it to bearish if Markets conditions change. Learn to adapt to Market Conditions. Dont fall in love with your Analysis. Accept the fact that Market is...
80% Probability for Bitcoin to Hold 4600-5400 Area & bounce to 7000++
Only thing that can change Bitcoin's Bear Marekt is ETF Approval by SEC. No other trigger in sight for the bull run, Check Levels
Bitcoin is hanging on it slast & final major support. Will update you the next levels if it break down only after it breaks