Bitcoin futures have bounced nicely at support after filling the gap previously mentioned and has begun to move higher again. We moved up sharply to the trendline and backed-off below the long-term 23.6%FIB level and remains stuck in the channel. After yesterday's heavy selling and BTC remaining supported, we could expect a move higher to the top of the channel...
Short BTCUSD -2.16% @ 6425 or BTC1! 0.79% at 6365 RSI3 crossed below 80 level and stochastic cross occurred. Main trend is down as price is below MA50 and MA200.
As expressed yesterday, the gap left on CME futures would most likely get filled sooner rather than later and that's exactly what happened overnight. After rejection near the 50%FIB level, Bitcoin in the overnight session came down and closed the gap at around $6420 and seems to be finding temporary support around this POC. This is a strong support area for...
BTC futures was able to break above the channel/bearflag last week but was rejected at the 50%FIB of the recent down move and sent back down into the channel. However, before everyone gets excited for a move higher, there is an unfilled gap in price at around $6420 and every time there has been a gap in price on Bitcoin futures they have been filled somewhat...
Notice how the CME gap alligns with the 0.705 fib which is the Optimal Trade Entry (OTE). We use to fill the gaps.
Using both FIB levels at different anchor points, we can see where BTC has struggled in the recent past and where we can expect it to struggle again in the future. All gaps have been closed on the chart and we can see using the VPVR that the heavy POC area around $6425-$6475, which we expect to cause trouble again especially if the ETFs news doesn't yield good...
we are trading futures but it usually depend on the 7 day , 20 day , 30 day .pretty hard for the volatility and how much leverage people are taking before .for now in 7 days we can assume the the bitcoin can extend its rally further up till 6700 .. before taking some hit.the rsi looks quite well as well as macd. for more than that we should trade with some stop...
Large unfilled orders on supply side. No demand to be seen nearby....
Just paying attention to all these gaps slowly filling in.
BTC CME Futures - A history of gap fills Some say gaps do not matter in crypto. However, all the gaps have been filled on BTC1! CME Futures. This last gap down was a bit different than most, it filled about 95% of the gap, leaving a bit left over, maybe they are saving that for later like they did on the 28th of June gap. One other unique feature of this gap...
Inverse head & shoulder pattern in Bitcoin futures that could potentially take the price to $7200, filling a previous gap.
There seems to be unfilled orders on sell and buy side in these areas. Short side seems stronger.
Bitcoin got a major push last night to the upper limit of our rising wedge. We were expecting a pull back, but insofar Bitcoin has continued to rally without coming back down to give us a good entry. Unless it has a good set-up with a high R/R (risk/reward), I don't like to enter. Many of the altcoins have been presenting us with great R/R's, which we have...
Trading Signal Long Position (EP) : 6315 Stop Loss (SL) : 6135 Take Profit (TP) : 6890, 7435 Description HEV formed Double Repo Buy at 1d time frame. Trade setup with Buy Limit at 0.382 Level (6315) and place stop after 0.618 level (6135). Once the position was hit, place take profit before an agreement (6890) and 7435 Money Management Money in portfolio...
Trading Signal Long Position (EP) : 6315 Stop Loss (SL) : 6135 Take Profit (TP) : 6890, 7435 Description HEV formed Double Repo Buy at 1d time frame. Trade setup with Buy Limit at 0.382 Level (6315) and place stop after 0.618 level (6135). Once the position was hit, place take profit before an agreement (6890) and 7435 Money Management Money in portfolio...
Trading Signal Long Position (EP) : 6313 Stop Loss (SL) : 6136 Take Profit (TP) : 6900, 7415 Description HEV formed Double Repo Buy at 1d time frame. Trade setup with Buy Limit at 0.382 Level (6313) and place stop after 0.618 level (6136). Once the position was hit, place take profit before an agreement (6900) and 7415 Money Management Money in portfolio...