Big gap up on futures tells me that pros/institutions are long btc i am expecting a pump to 7k, confirming bullishness
if it fails on the 200 ema then should short down to 6k (and further)
hesitant to trade the current btcusd as futures look like they are either pumping the underlying for a better price to short or the gap up is long start of a pull back.
Will...
I feel comfortable with yesterday’s, 25th June, #volume of #bitcoin futures. As shown, contracts expires Fri. 29th and this is where most likely distribution would happen the most. The down trend started early May and #technically at boundary of wedge. So far, gives more odds to the upside within 10-days trading at most.
70% UP (Breakout of 6350, spot price)
30%...
Until now, Day trading of #futures $btc1! with the #volume associated looking reversal. But need more time to be validated. We need to see spot market #BTCUSD breakout continues to new highs with other major #cryptocurrency.
Note that: #RSI Breakout is valid positive signal
Baised on BTC1 futures printing a new low on friday, btc will most likely hit 5500 - 5200 after a minor pull back.
generally not looking good for btc long term atm, brave longing pull backs at small time frames, better to wait for 200ema touches for shorts.
It appears that June BTC futures may be setting up an intermediate-term low at 6100.0. The weekly opening GAP at 7100-7500 has not yet been tested. We may see a return to this area in the coming sessions, possibly over the weekend. Here is the plan:
1) Entry: Buy 6705.0
2) Stop Loss: 6435.0
3) Profit Target: 7140
This is a long-position trade that will go live...
#BTC #futures chart. A 12H frame shows the #chart #pattern of ascending #wedge within a big descending wedge. A continuation patter. Additionally, #NR is clearly obvious in RSI and #Composite index. Daily frame, RSImavg is forming a resistance. Odds are #down run for the next few day to couple of weeks.
#crypto
#cryptocurrency
#cryptomarket
#XBT
#XRP
#ETH
CME:BTC1!
Hi everyone, i have many time without publish some ideas cause i've been busy by my thesis that i'm gonna defend in 4 day. but in sometimes, I could see some crypto and currency.
I think that BTC is making a bullish correction (ABC structure, grade: Submillenium) that is possible to see in weekly and daily charts. In 4 hours charts, I think that the BTC is going...
Let’s shed some light on the underlying security (BTCUSD) before heading towards the price of bitcoin futures contracts of near month tenors.
Both intraday and minor trends of BTCUSD have been weaker as the current price of this pair has slid below 7DMAs at $9,500 mark. Although Bitcoin bears linger, the trading sentiments seemed to be mixed today on reports that...
Cboe Global Markets (Cboe), the futures exchange that launched Bitcoin futures trading in December 2017, conducted the settlement of the Cboe Bitcoin (XBT) futures contract with April expiry, which is the fourth contract settlement carried out since its introduction.
The settlement price was displayed in line with the Gemini1 Exchange Bitcoin auction by 4:00 pm...
