We just broke out of the top side of a bearish symmetrical triangle.
When a bearish pattern, that has played out repeatedly since December 2017, breaks the opposite direction, it is time to pay attention.
Shown with volume profile, there is a liquidity gap all the way up to 6k. Once we move we move.
With this, go forth,
BTC looked like it was about to break down sub-$3k early this morning but we were pleasantly surprised
We were trending sideways right on support and we got a strong volume breakout
We blew straight up to the Monthly open, which was right under a supply zone
We basically tagged that supply zone and have backed off so far
We are consolidating at the moment...
Welcome one and all to my bitcoin futures bullish reversal. Since the start of Bitcoin futures we have been very bearish and it makes sense as they pushed the price up to near 20k and opened futures, this really gave them a great opportunity to short as full on FOMO and foolish trading was occurring around this time.
2018 was a fantastic opportunity for some as...
Looks like we could be entering a side ways market now on cryptos with a lot of support and in lower 3K range and resistance around 4k. Will keep charting to see if there is any breakouts to show of any change to upside or downside from here.
Bitcoin will be filling the gaps created at CME future, actually for me, all previous pump and dumps are justified...gaps happens when traders at bitfinex and bitmex trades during the weekends, this create gaps at CME market because it close at weekends. So I am pretty sure that btc will continue rising to a level 3940 before it dumps to 3550 level to finally test...
TREND REMAINS DOWN FROM DEC. 2017 TO PRSENT
SIDEWAYS TREND THROUGH IMPORTANT GANN ANGLES
PRICE CAN EASILY GO UP TO 4500 OR DOWN TO 3000 WITH LITTLE NOTICE
VOLATILITY WAY DOWN, SAME AS PRIOR PRICE FALLS
BE SURE TO SEE MY PRIOR BITCOIN CHARTS
DANIEL BRUNO, CHARTERED MARKET TECHNICIAN