I think it'll hit the July high again, but then again, I'm thinking the stock market will as well, and that's a safer bet. It hasn't been trading with the market on a day to day basis but for the most part, BTC is trending with the general market. Other cryptos are in the garbage pile along with garbage stocks like PTON, SFIX, FCEL, BLDP, etc. VFS stock shows...
🚨🚨🚨 We pointed out the Heads & Shoulder pattern few weeks ago. For an idea of how dangerous this pattern is, look at how bad the TVC:DJI CBOE:SPX & NASDAQ:NDX were recently hit. There's a tiny amount of CRYPTOCAP:BTC accumulation, CMF. Weekly #BTC had a bullish crossover but it was WEAK. Not strong at all. For the moment, #bitcoin is still trading above...
Here we attempt to show the reason many chartists expect CRYPTOCAP:BTC to make a quick move to $36,000+ once we clear 31K to 32k.
There are 2 GAPs in CME Futures #btcusd chart. I expect BTC to visit this gaps. My expectation is not only set on gaps. Also there is an important long liquidation zone exist. And also #DXY the #dollarindex is still moving upwards. NOT FINANCIAL ADVICE.
We are entering an important zone ➡️ above previous high and around 0.5fib... Let's wait and see if we support or lose the R/S line. When lose, I close my long CRYPTOCAP:BTC position and start to look for short setups... If we support, we will continue 🐨 Be alert... #trading #bitcoin
In the chart you' ll see the CME GAPs. Market maker will want to price #btc to these zones. There' s also a huge liquidation these points and also 23500. Sooner or later, these three prices must be visited. The second variation may be like : First 23500 then 20000s and then 35K. NOT FINANCIAL ADVICE. These are only my notes. DYOR.
Bitcoin CME Gaps are price gaps that occur in the Bitcoin futures market, specifically on the Chicago Mercantile Exchange (CME). These gaps happen when the closing price of a Bitcoin futures contract on the CME differs significantly from the opening price of the next contract. Here's why they are important and how to trade them briefly: Importance: Technical...
In the world of cryptocurrency, the winds of change are ever-shifting. Bitcoin, the pioneer of digital currencies, has seen its fair share of ups and downs. Today, as we witness its return to familiar territory, the question that looms large is whether this is the calm before the storm. The cryptocurrency markets are known for their volatility, and Bitcoin's...
CRYPTOCAP:BTC giving back gains above the broken down trend line. Volume is good BUT let's dissect #BTC! 15 Minute shows that selling is LIGHT. 5 Min shows it's lighter than what 15Min shows. BUT...................................... 1 Min shows that the heaviest volume was a top tick!!! Someone sold the top of this #Bitcoin rally! Let's see how it...
🚨🚨🚨 CRYPTOCAP:BTC touching the down trend line for 1st time since Aug 9th. Buy volume is coming in, good sign. Accumulation hasn't been great but has been positive. Shorts have covered some. So if it breaks this trend it can pump a lil bit more. Keep an eye on the RSI for real strength. Would like to see it break that high it recently made. Futures dictate...
BTC is currently sitting in between two CME Gaps at 34k and 21k. Which one do you think CMW would easily magnate?
28.5k is the invalidation line for continued bull momo. Close below it on the dailv and I think BTC either sees another bear trap/ deviation to 26k followed by a bull reversal to 37k. If the bear trap is set it is extremely risky to play. If it fails, BTC could hit at least 23k for AUG and 20k to 18.8k for SEP because both are statistically red months during the...
Interesting enough, shorts remained untouched these last few days. Bull Scenario 4 days above Red Moving Avg. #BTC Hasn't done that in a while. RSI formed Positive Divergence. Bear Scenario Short term trendline up ahead Will that break or will 25k attract #bitcoin again? Will have answer before November comes around. MIL:BTC
3 month liquidity hited. Level 31730. 6 month liquidity hited. Level 31730. these levels also coincide with the fibonacci level. this is the seller's discount zone 0.5% What is interesting is that the monthly high was also taken out, by the previous maximum. There is still a gap below that needs to be covered. Nobody expects such a...
CRYPTOCAP:BTC is chugging a lil more. Volume is good but not great. RSI is going higher, that is also good. Had a nice inverse Head & Shoulder that it recently broke out of, signifying SHORT term bull. Signs point to betterment! Conclusion This can drag for a bit & force the blue trendline to move up to the 25k support, which was also in June. We may get a...
🕳️ The Gap Dilemma: Price gaps occur when there's a notable difference between the closing price of one trading period and the opening price of the next, often seen on the charts as a "hole" in price action. 🔍 Gap Filling: Traditional market wisdom suggests that gaps tend to get filled, meaning that the price revisits the gap area and trades within it. In...
CRYPTOCAP:BTC As you can see, the volume on this bounce is mediocre at best. This is not what bulls want to see. The white line is a PREMATURE, SEEMS to be, trend. Took some trades on last night, didn't post them. (Personal level) Taking this bounce off already. At 10x leverage = good enough. If #BTC goes higher, whatever. If lower, we redo...