$BTC calls & what we expect, reiteration.We've laid out the CRYPTOCAP:BTC game plan many times. More often than not, it came into fruition and many times almost to the T.
Most recently this is what we noticed.
The week of:
June 21 we said #BTC was likely going higher. (it did)
June 30 Outside day. (still waiting on outcome)
July 7 we said down channel. (it's been slow descent)
Current we said #bitcoin is in Symmetrical Triangle. (waiting - usually continuation pattern)
---
So what do we think about CRYPTOCAP:BTC at the moment?
After the weakness we expected in early July, it should subside soon, the likeliest outcome for #BTC is higher.
Don't usually make calls, but IMO, #bitcoin will likely reach the low - mid 40k. We said this some time ago as well.
The real run, it will most likely be next year.
TVC:DXY crashing should help.
BFB07X2025 trade ideas
CME ETF Premium Fizzling out BlackRock Had refiled for a ETF for BTC with coinbase
But the Premium has started too fizzle
Decent ROI on a short targeting 28k if this Range POC
Acts as a Area of support too the downside
I think we could see that 28k are get hit
if spot selling occurs
29700 spot market area too watch hold
The CME Premium is coming back closer too Perp price witch is a tell tail
of risk off letting this parameter play out a Short from the 31k rejection
This morning CPI news Is a good hold too let ride down
BTC! - New long set up emerging
Held two critical milestones - 1. 200 DMA, 2. breakout level backtest at 25000.
Now might pullback from 60 VMA, but if it continues to build above, 37000 is likely on the next leg.
if it loses 25000, watch out as things might turn ugly not just for BTC, but overall market because whether you like if or not, BTC has been the canary in the coalmine. Anytime BTC has shown strength, equities have followed. Crypto might not be dead yet, but alive and kicking hard.
Disclosure: No position.
$BTC vs $TOTAL 3, broke up, made up, but what about now?CRYPTOCAP:TOTAL 3 = NO CRYPTOCAP:BTC or CRYPTOCAP:ETH
VS
#Bitcoin futures (this dictates price action, NOT spot)
From Nov 3/22 - March 3/23.
#Altcoins traded lower in December while #BTC had already bottomed.
However, the #crypto #altcoin market quickly caught up and by early January they were trading similarly.
-------
Until...
April - May
CRYPTOCAP:TOTAL3 decoupled and the #crypto #altcoin market began to drop FASTER & MORE than, its counterpart #BTC.
SEC FUD certainly hurt BUT this happened BEFORE that news came out. We even mentioned it many times, documented!
Come June 10-15 #Altcoins began to trade alongside #Bitcoin again.
What about now?
-------
CRYPTOCAP:BTC is in CONSOLIDATION mode.
Buy volume is mediocre but as long as no heavy selling anymore, that's good.
RSI must stay above 50.
Price levels > 29.75 best to hold @ worst 28.8.
CRYPTOCAP:TOTAL3 has work to do but buys are coming in. Not heavy but hopeful.
RSI looks ok.
Weekly chart:
Highs are lower BUT it did form a higher low.
1 white line will break within next 2 months!
(apologize that all the charts mentioned cannot be shown. Pls see profile for more info)
$BTC nice pop on mediocre volume, what now?We said 4HR CRYPTOCAP:BTC showed buys coming in (see profile pic for more info)
What happened? Chart #1
#BTC Chart 2 is 1Hr chart & it shows volume a lil better
A lil overbought so will likely see some weakness here
#Bitcoin
Still in small downtrend, volume getting a lil better
Trading within the Outside Day
Bitcoin Hello, everyone! I wanted to share my thoughts on the Bitcoin market situation. It has been relatively quiet for Bitcoin in the past week, as its price has been trading within a narrow range. Typically, after such consolidations, we experience a strong impulse in one direction.
Currently, it's hard to predict where exactly this impulse will go. In such moments, it's best to follow a strategy of "preservation first." That's why I have placed a limit order in the marked zone where I can buy Bitcoin at more favorable prices if there is a decline. And if the price goes up, that's great too because I already have some Bitcoin in my portfolio.
If I add more specifics, I am leaning towards an upward move, so I won't be opening a short position (selling the asset in anticipation of further price decrease).
Feel free to leave your comments and wishes, and let's stay connected regarding the further developments in the Bitcoin market!
BTC Dip Before Rise - BITCOIN CME FUTURES GAP ANALYSISCME gap closures are a strong indicator for BTC behaviour because the formed gaps have a chance of over 90% to be closed. We should therefore always consider CME futures gaps to be closed with a very high chance.
Current situation:
We are approaching the 20K-21K gap which is close to major support around 16,5K-17,5K area.
Expect price to dip down before we might see a trend continuation. If we won't break the low - fake break out - that will be a healthy sign since we would be forming a new higher low which is good for overall bullish market structure.
First goals:
1. There is an open gap around @ 20K-21K.
2. Another gap to the upside @ 34,5K-35K.
HAPPY TRADING! <3
Russia's Ministry of Finance proposes to ban the organization ofA source familiar with the situation said that the Russian Ministry of Finance has prepared a relevant amendment to the cryptocurrency mining bill, which proposes to prohibit the organization of the circulation of cryptocurrencies, with the exception of the mining of stablecoins and cryptocurrencies. Currently, the purchase/sale, circulation and trading of cryptocurrencies are allowed in Russia, only the use of cryptocurrencies as a means of payment and advertisements that use cryptocurrencies for payment are prohibited.
Two security agencies opposed the Treasury's amendment. In an opinion, the Federal Security Service (FSB) said that the definition of organizing the circulation of digital currencies should exhaustively disclose all the characteristics of the process. The Commission of Inquiry (IC) believes that applying the wording proposed by the Ministry of Finance may create confusion between "prohibited circulation of organizations" and "prohibited circulation", which in turn would lead to legal uncertainty.
$BTC losing steam intraday & dailyCRYPTOCAP:BTC is losing steam, fast
Closed bunch of positions as yesterday #BTC showed weakness. This continues today.
The 4Hr is about to bear crossover, something it hasn't done since trading above June 16th.
The 1Hr chart is severely oversold so we could get a small bounce here before we continue to rollover a bit.
What about bitcoin VOLUME?
(Sorry cannot show 1Minute here. Pls see profile for more info)
That CRYPTOCAP:BTC drop on 6/30 bugged me (outside day) a bit.
There was heavy SELLS
BUT
Only decent to so-so BUYS.
However, the conviction that was there this whole ride up is now LACKING.
Just for giggles...
Spot #BTC already breaking down...
But if you want the proper price action, Futures #bitcoin facing support around 30230.
Bitcoin hits Fibo retracement allow for near term consolidationBitcoin has reached its 50% retracement of the move we saw in 2022 and the new high has been accompanied by a divergence of the daily RSI. This suggests a loss of upside momentum at this key level of resistance and some likely near-term consolidation. The 55-day ma around 28000 is likely to act as near-term support. Longer term we do have some double Fibonacci retracements above the market and just as an observational point I have noted that these tend to act as a magnet for price. So, beyond some near-term consolidation we would expect further upside moves.
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
Every CME that is open right now.I have put some effort into this update of my CME chart, and I believe I have covered everything. Although CMEs do expire, I have marked all of the "open ones" in this case. The main reason I focus on CME gaps is that when I see a price heading towards a gap, there is a higher likelihood of it being reached. So if my take profit (TP) is close to a gap, I would typically set the TP closer to the gap instead. I hope this information is as helpful to you as CME has been to me over the years. If you're interested, you can check out my profile and join me and others in the community I am involved with.
$BTC holding well, still think we chug higherMany thought CRYPTOCAP:BTC would sell off hard after this recent run up.
We're one of the few accounts that stated that there was LIGHT weakness & doubtful it would be a hard correction. This time it felt DIFFERENT. The movement was not the same as the previous run up.
#BTC making it's move after the OUTSIDE DAY we spoke about.
Spot #bitcoin is following, as usual. No real trader or investor uses spot as a gauge for price action. Maybe only on the weekend.
Volume coming back 🎉
Bitcoin Cup & Handle!CME:BTC1!
Printed an Inverse Head & Shoulders or Cup & Handle as one would interpret.
Critical level to flip is 31.5k. Reclaiming this as support could be potential impetus to 48k $BTC.
Buildup still printing so aggressive traders could already take positions.
If you are new, be careful!
If this level does not flip then possible short position executions available.
To pull targets, you can view my idea here which still holds: tinyurl.com
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.