In traditional markets gaps usually get filled. Bitcoin is a 24/7/365 market, but CME trading is not following the same hours. So far most gaps have closed but there are two bullish gaps left open. If the price doesn't go near 6190 before the CME markets open again, then there will be a pretty decent bearish gap that will have to get filled eventually
It's not textbook but it looks like an ascending triangle could be in play here.
Breakout with a close above 8,400. Looks like it might happen soon, DI is in positive territory and the buy pressure is overpowering sell pressure.
The buy and sell pressure indicator...
Very large gap on the CME futures chart. Gaps tend to get filled, so expect a dip back down to $6290 as futures traders who were unable to sell into Saturdays strength now have the opportunity to do so.
Bitcoin got a major push last night to the upper limit of our rising wedge.
We were expecting a pull back, but insofar Bitcoin has continued to rally without coming back down to give us a good entry.
Unless it has a good set-up with a high R/R (risk/reward), I don't like to enter. Many of the altcoins have been presenting us with great R/R's, which we have...
Look at these boxes and how they affect price action and range. Wow bitcoin, very cool.
When charting gaps like this, turn off magnet tool and enable "indicator values" in the chart formatting options so that the OHLC of BTC1!'s candles are viewable. Then use your preferred tool to create levels. Do note a majority of these gaps overlap due to their nature.
BTC Shorts trying to smash
Bitcoin down again before
the markets close for the
weekend. They know "ETF"
is coming along with custody
and regulatory framework.
They want to suppress BTC
as long as they can until
they are ready to come
in and scoop it up !
Baised on BTC1 futures printing a new low on friday, btc will most likely hit 5500 - 5200 after a minor pull back.
generally not looking good for btc long term atm, brave longing pull backs at small time frames, better to wait for 200ema touches for shorts.
Well_Everybody has seen that when I build the future of the BTC, after a short period of time this instrument collapses to the ground, well, we consider that these people have the strength and sewed in the smart money and Big money Yes ¡¡
, this chart tray representation shows, in the graph where the price would arrive,,, if as they say the institutional in...
BITCOIN FUTURES BTC1! Back to the Futures
Yesterday's comment referred to the 50% rally from 6000 to
9000 and just a little higher - Major Gann and Tesla numbers.
Weekend comments also referred to Bitcoin Futures prices
and the key reistance range stretching from 8971 up to 9224
and the problems Bitcoin will likely face on encountering this...
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...