Interesting to notice that, by eliminating the weekend noise in prices, namely by checking the BTC Futures, the price is still above 200MA, which is consistent with the previous Bull Runs dynamics (see the idea below where I explain this).
Of course, I will wait the break above 41-42k as a confirmation. If you agree, use this time to build your position.
Weekly: The market has clearly pull back after a bullish trend that look btc to all time high of 60,000 plus. Now the market is slowly recovering with a small upward trend. With the last btc bullish run and retracement, btc is expected to reach value of 100,000 usd by some time end 2022.
Daily: There is a confusion over the right direction on daily chart. The...
Hello my friends!
Will the CME price gaps be filled soon? We have one between 48370 and 46620 and one between 26080 and 24605. Two possible ways: First up, then down. First down, then up. After that the BTC will go nuts ... :-) Btw the annual pivot point is at 21100.
How does this fit with my last charts? It fits. I always assume a minimum halving top at 115 K...
OK. LETS TALK ABOUT THIS MACD INDICATOR.... WHICH ONE THOUGH? (moving average convergence and divergence indicator) is a popular indicator. Pretty obvious. It does many things. Plots a histogram that works well for divergences and show changing comparisons. offer crossing signals, and even has its own levels or structures to filter trades on it. It IS a lagging...
BTC 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!
This content is for informational, educational and...
Here's a quick look at BTC CME 4 hr Chart. As we can see, we have unfilled CME gaps at different price ranges. These gaps Tends to get filled very often. Tho there's no specific timeline for when they'll get filled. Right now there's a gap at 54.3k And it makes sense for the market makers to push the price down again to fill the gap as the price is already close...
BTC just set a double top on the 1hr, is overbought on the 4hr and Coinbase direct listing is dumping... With almost the whole market in profit and running into a major resistance cluster at 64/65K. We are starting a 4hr downtrend and I am seeing a sell the news event. I am not taking any bets here and I am in safety, I see too much euphoria and unrealistic price...
Just an OPINION. If it is useful please LIKE and FOLLOW. Thanks.
Important things to see in this chart:
Fib levels taken from the swing that started in 16 March 2020.
Fib levels also taken from the current dump. that started on 14th of May.
There are 4 important things we noticed:
1. Mini Gap. At the 18k - 19k level which aligns mainly with two things.
BTC had a bit downtrend possibility till $54k to close CME gap of MARCH 26th which is now filled. Now next possible move should be upwards as previous CME gaps of 60k- 59k and 61k - 57.7k are yet to be filled. To conclude #BTC should fill these gaps sooner or later and the price will bounce back to the upside.
For Educational Purposes only (DYOR)