Good morning again. Im looking at the cme chart this morning to see if anything has changed over the past few days and what I am seeing is a very small gap at the 7450 area. I am curious to see if we are going to fill it soon. We are currently trading at 7200 so 7450 is certainly within reach. I have not had too much experience with CME and the gaps but from what...
#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...
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 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...
In the last trade, we took a small loss of $200 USD per Bitcoin, or about 2.7%, , I was expecting a short term bottom at about $7,230 USD, but it turns out we dip below that to about $7,160 USD, just before it pumps. That is fine, whipsaws are part of trading. This is...
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.
Bitcoin went on a 10% pump and filling the CME Gap between the 7500-7800 region.
Now that BTC is above MAs in 1hr TF. It would be healthy to retest the resistance before at the 7400 regions to confirm new support.
If BTC can hold it, expect the momentum to shift bullish again in the short term.
What we can do now is observe more price action at this level to...
So close, but still haven't gotten that 6k gap close.
Now two exist to the upside.
I am targeting low 6k, high 5ks at the lowest before continuation or chop city sideways.
See previous CME charts for further reference