BTC1! Descending trianglePrice action printing a bearish descending triangle in a downtrend and in a descending channel. Price action coming to the end of the triangle in a few days. Many gaps needs to be filled below. Reminiscent of February 2020.
Cme!
Interesting confluence for BTC around $23.8K Fib + CME GapRecently found some interesting confluence around $23.8K for BTC. If you like this let me know, or why you disagree.
The entire Global Fib "Golden Pocket" from Bitstamp, happens to overlap with the largest remaining CME Gap yet to be filled from Dec 2020.
Fib extension from the very top has a 2:2 smack in the middle of the overlap, as well as a 1:1 Fib extension from the local price action.
Will we reach this level before rising back into a full bull market? Personally, I believe we will.
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Also, I've got a sell/short signal on the notes. RSI (upper 88), 3-period is a bit juiced.
And finally, the best resource for futures symbols and product descriptions is the CME site.
www.cmegroup.com
Three Paths for Bitcoin1. green short squeeze (unlikely, unless SEC Approves BTC ETF)
2. red long grind down multi year bear
3. yellow down then up shakeout
#Ethereum - When you invite Wall St into your party this...is what happens
Pushed it up and down
now up?
#cme #futures
this kind of volatility will attract additional institutional speculators.
BTC1! BTC CME - 12hr Death CrossBTC CME Death Cross (50/200ema)
BTCUSD Death Cross occurred 21 May 2021 with a substantial reactionary drop of roughly 26%
Always be prepared for the bear case - it creates opportunity!
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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
BTCUSD Bitcoin - there is a CME gap at 48kThere is is. IF this pulls us back up it could then lead to consolidation above the 200 daily MA.
Let's see what happens....
BTC1! new 48k gapBTC1! failed to close the top CME gap at 60k of the double gaps before dropping significantly. This I interpret as bearish, but the silver lining is that price will return to 60K in the future. Currently a new significant gap was formed at 48k,and probable that price action will close this gap soon since price action has formed long absorption wicks at 42k and an HTF bullish engulfing candle.
#bitcoin 5.17.21 we Tagged support Can we convert into a bullishtrend.
Yes we can
I take a look at #M2 money supply against #bitcoin
#G7 meeting coming in June.
USDCAD - LONGThe price has reached the demand zone. Consider only buying opportunity.
USDCAD - LONG
ENTRY PRICE - 1.21860
SL - 1.20500
TP - 1.25800
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!
USDJPY - SHORTSell on false breakout and resistance Gann line! Expecting a Bullish Measured Move formation to the next Point of Control.
USDJPY - SHORT
ENTRY PRICE - 109.450
SL - 110.000
TP - 108.150
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!
Morning #traders 5.3.21 #bitcoin GOD coin PAMPING (but not as...hard as the #ALTS)
#ethereum up massive!
THE GREATEST ALT SEASON EVA
$100K BY MEMORIAL DAY
WAS MY CALL THAT I KEEP BRINGING UP!!!
:)
MORNING #BITCOIN #TRADERS 4.30.21 ... I FIND A JUICY NUGGET ON..THE OBV!
&
OUR BRACKETED CONSOLIDATION
IS NEARING THE END!!!
BTC/USDT 🐝Hey hey my friends 👋
Brief BTC update, we have broken the bearish scenario of a descending triangle and a bearish pennant to form a falling wedge which is a bullish reversal pattern which have a 68% chance of a break higher 🧀
Keeping an eye on this idea because it will drive alts with it either direction it goes 👀
BTC filling the GapsBTC may see a quick dip to 54k to fill the last CME gap before Bulls get the fuel to continue on the run to 70K and beyond.
