1. About BB Middle Band
Last time (September 2014) when 1M candle closed under Middle Band the price dropped by 58% over few months. So this level is very important and you should observe it very carefully.
2. The lowest gap in BTC Futures reaches 6380$ and in my opinion we'll bounce from this level (possibly a little lower) and our next step will be lower border...
As expressed yesterday, the gap left on CME futures would most likely get filled sooner rather than later and that's exactly what happened overnight. After rejection near the 50%FIB level, Bitcoin in the overnight session came down and closed the gap at around $6420 and seems to be finding temporary support around this POC. This is a strong support area for...
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...
IMO BITCOIN will hit $7,000 before or by Tuesday, September 25th.
Beware! The Shorts and Futures may take it a different direction later this week.
#Cryptocurrency #BTC #Cryptocurrencies
THIS IS NOT INVESTMENT ADVICE, THIS IS JUST MY OPINION.
-ADUMB-
This is a deep analysis on Fibonacci retracements, Korea Volume, Futures closings, Tether, CNBC and why I believe that $7500 is the most critical point for Bitcoin all year and if we break it, we are moving into a strong bull market and if we fail to break it, we will head back down towards the $5800 levels and possibly lower.
There is a significant fractal...
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Chart says everything really. There is more volume today than there was in the peak of BTC but the price continues to fall. We still need to have that WTF drop. Its probably a good trade to short futures! Lets see what it does over the coming months, I think it will return to the median line.
Levels from Volume Profile.
BITMEX CEO Arthur Hayes thinks we have yet to hit bottom. He feels the bottom is BTC @ $5,000.
CME BTC FUTURES expire Friday, July 27th. There are more Trading Contracts than Open Interest Contracts for the next 2 weeks.
It would make sense for a bottom to occur in August so that September can build up to a full rally by October thru December.
It's only a...
