Our B.I.T.S (Breakout Intelligent Trading Signals) Indicator for TradingView has spotted a potential short breakout on Bitcoin Futures!! The highlighted section on the chart shows the recent successful short breakout trade from our B.I.T.S Indicator for Bitcoin Futures on this 1 Hour time frame.
Our algorithm looks at price action, volume and associates a...
#Bitcoin mid-term prediction
Trend is still re-setting from $14k pump.
I'm using recent price action > old price action - therefore $6xxx levels are mostly ignored. CME price inefficiency in these levels adds confluence to this view.
$5100s is the definitive bottom for me.
Ton of confluence packed into one level:
- Double monthly VWAP
- Price inefficiency...
Bitcoin CME Gap Finally filled as I told you in our Previous Post about CME Gap Chart.
I told You About This When BTCUSD Was above $10000.
If You follow our Analysis I hope you earned Lot of money.
Now BTC fluctuations very high.
So I am waiting for new entry
Target:- $8515 Done
And Please read attach Idea for more info about GAP Chart
Follow my Twitter for...
The bottoms of the upward curves are placed at proper resist but you never know how a pattern will play out. This is not scalping advice. It's a 12 hr chart I shouldn't have to say that... I am pretty sure on this one but you never know with something so convoluted.
Bitcoin CME Futures
Bitcoin is barely trading above 0.5 Fib support level but the 50,100, 200 MA in 1HR TF is acting as resistance.
Price is now trading outside the rising channel and this is not good in the short term. If the Bulls need to continue higher,
BTC needs to break above $7500 and hold it. Otherwise, Bears may have to bring the price down to 0.618...
Outlook: The downtrend is still in play.
Tepee formation: Urgent Distribution in Phase A, Inactivity, Excitement but poor result to the upside (Upthrust of the downsloping resistance)
Bearish confirmation: FAILURE OF THE TEST
Ive called the top at 13750-14000 and the bottom at 6300-6600, this is going to be a good december/januari as we head towards 11.7k, fomo will kick in after 10k broken.
11.7k will also be the top for a medium time frame, im looking for a push up to 11.7k followed up by a dip down to atleast 10.3k
Check my last analysis for reasons.
While there is a continued argument between “gaps always fill” and “gaps mean nothing”, the fact is: the Bitcoin futures contract on the Chicago Mercantile Exchange (CME) generally always fills its gaps - but is this becoming a guarantee of future performance?
Since the CME only trades during the working week, if BTC makes a big price move during the weekend, the...
Basic bearish situation right now as we keep making lower high after lower high on our Daily chart.
We are forming a base at around low 10k region which looks to be a descending triangle pattern and you know that's not nice.
Gaps loves to fill so breaking support would likely fill the gap between $9,000 - $8500 level.
Which is within the 100 Daily MA and RSI...