I believe the pressure to allocate will continue to build until ETF decision (expected sometime first week of January)
Locally, BTC1! starting to close above MID of the whole move.
Unfilled gap at 46140 as well as 618 of the whole move at 48565 are immediate upside targets.
Bitcoin futures (BTC) have emerged as one of the standout performers this year, showcasing a remarkable uptrend with gains exceeding 130% year-to-date. While debates continue regarding its fundamentals, there is no denying its susceptibility to macroeconomic influences and interest rates, positioning it as a risk asset.
Bitcoins Characteristics and Recent Price...
Hello, crypto investor friends! 🌐 Let's take a look at the current situation in the cryptocurrency market and speculate a bit about the future.
Bitcoin at its Peak: $42,000 📈
Currently, BTC is trading at $41,800, and although the majority of traders are opting for short positions, many signs indicate that the rocket is just getting started. There are no...
CME:BTC1!
Since my last post BTC has done +40.77% so congratulations to all following my idea.
It was such a sweet consideration:
- major support
- bullish divergence
- rejecting the 200
- posting bullish trigger
RESULT: 40.77%
When you stay disciplined and execute your edge you can journal consistent wins.
So where to next?
CRYPTOCAP:BTC needs to hold...
Based on the current price action and the unfilled wicks, a potential target for Bitcoin could be around 36k. This level represents a significant support level that Bitcoin has tested multiple times in the past. If sellers are able to break through this support, it could trigger a further decline towards 30k or even lower.
GOOD MORNING!
CRYPTOCAP:BTC is maintaining its trend very nicely.
The RSI is still range bound.
1Hr #BTC does not show anything out of the ordinary.
What is out of the ordinary are the increase in shorts lately.
HOWEVER.......
They're nowhere near the nose bleed levels from earlier in the year and at the end of last year.
#Bitcoin moving higher could very...
Here we have a nice and classic pattern on the Bitcoin Futures (BTC1!) daily chart.
This pattern is a rising wedge which is predominantly bearish. When it shows up, it tends to predict lower prices.
Bull volume peaked 16-October, more than 1.5 months ago.
After this date, the daily trading volume has been dropping steadily. This signal supports the rising wedge...
GOOD MORNING!
MIL:BTC is slowly creeping up towards the very important 40k level.
#BTC volume is satisfactory on buys vs sells.
#Bitcoin has been trending UP the red moving avg since Oct 16.
IMO, keep eyes on RSI. Will have an idea by which side ends up breaking out.
The money flow is still ok, for now.
40k area is very important. There will likely be...
RSI is good to see exhaustion, strength, and other signs.
HOWEVER
Like ANY indicator, it's just a HELP & should NEVER be the basis of a trade.
Here's a perfect example.......
Looked as if weakening but CRYPTOCAP:BTC keeps going & slowly gets closer to 1st target we called some time ago.
RSI didn't break 50 & this is a HUGE win for #BTC bulls!
#Bitcoin buys...
Pullbacks to lower and middle third of this channel have been good buys as price reverses higher in each instance
Also, buyers aggressively front ran both 35365 and 33955, leaving both gaps unfilled
Buying channel mid and targeting upper bound till it breaks seems wise
BTC ascending triangle in the making
3560 points from base of ascending triangle to its resistance projects 3560 points above resistance as target, which is right around 42k, confluent with mid of the whole move, and through CME gaps at 39900 and 41245
GOOD MORNING & hope you all had a GREAT Thanksgiving.
We all have something to be thankful for.
CRYPTOCAP:BTC keeps on moving. However, the volume is getting lighter. Good news is that there are lack of sellers = is good.
Weekly it shows that #BTC is getting very close to our expected high, the dotted red lines you can see in the low to mid 40k...
Good Morning
CRYPTOCAP:BTC is currently in a small pennant formation.
Pennants tend 2b continuation patterns.
#BTC RSI was weakening BUT seems to be breaking out of downtrend at the moment.
If you still think we haven't BEEN in Bull don't know what else to say. Signs have been there forever.
Granted, things can still change but the current trend is strong.
#bitcoin
