It seems that sardines never learn, unfortunately many will be stuck at the top again... BTC is clearly in a falling wedge and should return to the support line that has been coming since 2018, this will be the best time for you to fill your pockets and then Yes, think about the moon!
This is not investment advice!
Another target hit as the CRYPTOCAP:BTC GAP was filled.
Not sure if we keep pumping now, but holding for now.
Still think that a low to mid 40k #BTC is a likely possibility. Maybe even this year IF the volume keeps picking up. IMO very likely.
Monthly #Bitcoin looks VERY GOOD. We see the RSI as healthy and is that a Bullish Crossover about to happen?
Good Day,
Last nights Price Action saw the closure of the last weekly CME Gap left during the bear trend.
This opens the door to new price discovery.
Current price action is between fib retracement levels and it would seem probably that we see a move at least to the 0.618 over time.
I have also recognised BTC's previous 2 cycles finding high points at the...
As you see on the chart, there was very important #CMEFUTURES gap at 35 - 36K area which was opened in #luna collapse times. Now, #btcusdt price has CLOSED this historical gap and what now?
It' s too early to say #btcprice will go on through the #bullrun or " BTC will directly go to close the OTHER historical GAP at 20 - 21K region!.."
Now, just relax and watch...
Now BTC CME Gap is filled.
This trading plan incorporates mechanical strategies along with smart money concepts.
Please be aware that investing in FX, Crypto, or any financial instrument carries inherent risks. It's advisable to consult a financial advisor or conduct thorough research before making any investment decisions.
Headlines read Blackrock spot Bitcoin ETF lists… This application will not have an answer till after the new year…. DYOR for facts and don’t trade on headlines. Meanwhile the short liquidations are brutal beyond belief. I don’t believe the head and shoulders pattern is negated unless we close the week above the close at head. (32kish). My bet is that we will not...
Banking Crisis and Technical Rallies
If there is one thing that is fundamentally bullish for crypto its bank failures. Crypto was built for this: banks becoming insolvent and the inability to trust the Fed or a third party to secure your wealth and value.
And we have gotten nothing short of a major rally over the past few weeks on the back of what has happened....
CRYPTOCAP:BTC must begin to break above this area in order to annul the ominous head & shoulder pattern that it is forming.
RSI looks pretty healthy at the moment.
Volume has been heavier than recent with slight buy bias.
CMF = $ Flow looks mediocre. However, there's a small increase.
Weekly, #BTC has not closed above 31100 for all of 2023. A close above could...
Bullish:
1. W1 C&H, tgt 41,260
2. D1 gap ~35,500
3. Possible continued bullish action if DXY drops. (Looking soft the past few days, but has possible TA tgts up to $130-ish.)
Neutral:
1. USDT is in a symmetric triangle on HTF.
Bearish:
1. unable to break above Jul 19, 2021 low wick range 31,760 - 29,215 (yet)
2. poss H&S forming, tgt 21,455
3. D1 gaps below...
Previous two upthrusts this year, in April and July, have fallen short, but I believe this 3rd ETF hyped one is setting up to fill CME’s 35925 gap before end of year.
These CME gaps have a tendency to get "filled” – meaning that the market corrects back into the gap. While sources struggle to agree on the exact percentage, most of them agree that at least 65% of CME gaps are filled eventually.
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We are not...
Hello kind traders
As I draw on my chart the best corredor of shorting is around the bleu lines ans specially 48000. then it can reach the TPs I mentionned on chart
Remeber that I do not have a cristal ball predicting markets move, but I try to be efficient and rational
Good luck
Good luck to everyone! This analysis is for educational purposes only and does not constitute financial advice. Conduct your own analysis before making trading decisions.
Oct 11 was last CRYPTOCAP:BTC post we made. There was a slight neg bias and it sold off a bit. Haven't posted much on it as we've focused on #equities & economic data.
Did notice 3 days of #BTC holding support area & not shocked at todays move. Bounced at recent uptrend, did not draw it in.
Notice anything? Look at volume & money flow. This #Bitcoin move is...
... Then, dependent on what happens around the $20,000 level, up, then down, ... etc., etc.
This is all speculation, of course, then again, that is the name of the game. - Right?!
Trade it as it unfolds.
Just a simple analysis or strategy for everyone to understand but please do your own research!
-As you can see, after every gap is formed and after the price fluctuates, it will eventually return to the unfilled gap levels.
What are CME GAPS?
CME gaps refer to the difference between the trading prices of Bitcoin futures contracts when the market closes on...
CRYPTOCAP:BTC is weakening further. Although the CMF shows TINY accumulation.
#BTC MACD histogram shows a slight neg divergence. This means that there is a decent chance MACD crosses over, negative.
Find it interesting that the Head & Shoulders neckline is right at the Nov 2022 bottom #Bitcoin trendline, blue dotted line.
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Now let's...
