Many are saying #crypto doesn't look good
We've called almost every top & bottom this year, so far, & Some have been almost to the hour
IMO #cryptocurrency looks okay and is experiencing a NORMAL correction
CRYPTOCAP:BTC stuck between 2 trends atm
Which one will win?
If #1 breaks #BTC is @ 25k
#bitcoin sells have been more recently but nothing out of ordinary
CME:BTC1!
CRYPTOCAP:BTC is still in the head and shoulders.
My original idea was posted on this link: tinyurl.com and can be referred to.
Price Action is printing a downward channel providing ideas for a possible retest at the 25.2k zone.
But the price action stays in the pattern until break of structure.
Plan A: Short to 24k and possibly 21k ... (you...
Hello, friends! I want to share the latest news about BTC. Today, a gap was closed on CME (Chicago Mercantile Exchange). Currently, the market is developing according to expectations and the scenario of closing this gap.
The levels that remain relevant at the moment are 29000 and 34440 on the upside, as well as 20300 on the downside. It is within this range that...
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Welcome to this BTC CME update. Before moving further we must know what is CME gap and how it works. So let's try to understand it first.
What is CME Gap?
A CME gap for bitcoin refers to a price discrepancy that occurs on the Chicago Mercantile Exchange bitcoin futures...
BTC traded down and almost filled the current CME GAP...this is the best Area for BTC to pump from...if BTC started to pump then we might see it go up for another CME GAP...on 1st June U.S have debt ceiling date...if debt ceiling is raised then we'll see the market turns green..
Traders,
One more negative indicator has been eliminated. You'll remember that in yesterday's post I pointed out this gap created a couple of days ago. 99% of all gaps are filled, and they are usually filled sooner rather than later. To have our gap to the downside filled so quickly is rather bullish IMO. We now have a new pivot high on our daily charts on...
I know, I know... I am quite wary of anything crypto, even the King of Crypto CRYPTOCAP:BTC but in analyzing the chart, there may be a potential Cup and Handle formation forming with a price target of 47,000.
Recall that CRYPTOCAP:BTC halves every four years and the next halving cycle is 2024.
Happy trading!
There's a CME gap between 27900 - 27000. If u hv long order on hand, Move SL to Breakeven.
If you have short order can consider take profit 30-50% at this zone.
“A bear market starts with greed, followed by confusion, sells on fear and ends with hopelessness” - By me!
'Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria." - John Templeton
Apply this bear to bull transition with good market sense because some of the bears went into hibernation, not able to wake up at all, for...
BTC has pumped and left a huge CME GAP between 26900 & 27900..
It might pump more towards the CME GAP at $29100 and then dump to fill the CME gap which is below as mentioned above..might follow the direction which is marked.
Trend Following is a trading strategy used in all trading markets, including stocks, futures, and currencies. It relies on technical analysis, as opposed to fundamental analysis, to identify potential trading opportunities.
The principle behind trend following is quite straightforward: it's based on the premise that prices tend to move in a particular direction...
BTCUSD
Hello traders, welcome back to another market brekdown.
In this video I breakdown Bitcoin's chart and share few of the tools in price actions that I use to gives me hints on major moves before they happen.
Make sure to comment your opinion bellow and the reason behind it.
Trade safely,
Trader Leo.
Bitcoin broke the bottom again yesterday and formed a complete structure. At present, there is still a certain distance from the bottom of 25300. It depends on how the market chooses, whether it will start to go up or touch the bottom support. The overall idea is still much lower. Bitcoin operation recommends buying at 25300, stop loss at 24700 points, target...
I'd like too see fear in Markets & the goose egg gap up from march break down
& for us too attack the 20k USDC gap lower by 2nd week of June
This would keep the yearly uptrend and match up timing wise with raising the debt ceiling or a commite hearing on central Banks buying our debt
27.4k area too watch
Flow is still bearish
Imagine this debt stuff spins...
Bitcoin has been tested repeatedly at the relative bottom, but from the current K-line pattern, the market will make a new low, which can also be regarded as the last bottom of the phased adjustment, so today we will first look at the downside and then consider going long at the key support. Bitcoin operation recommends buying at 25300, stop loss at 24700...
Those who fantasize about succeeding at one step and suddenly fail will feel that they have wasted time and energy, but they think there is nothing to gain; in the face of failure, the cowardly are painful and confused, hesitant and cringe; while the strong are persistent and pursue.
Bitcoin has been tested repeatedly at the relative bottom, but from the...
