Bitcoin CME Futures
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BTCThis is anaylsis for today for BTC We can see from the chart BTC in a strong buying palce today as shown on the chart . be careful ..
$BYC gap filled & more dataGood Morning/Afternoon Update
The CRYPTOCAP:BTC GAP was FILLED yesterday.
38k is minor support, don't expect a stand there but bounce possible.
Dotted lines are Fibonacci levels.
#BTC 37k price target very close.
#Bitcoin 32k is a stretch but anything is possible with a volatile asset.
Bearish moving avg crossover is shown by the yellow Circle
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Shown elsewhere, see profile for more info:
A big X account speaks about positive divergence on 4hr chart.
Futures shows nothing of the sort.
Spot #BTC shows TINY divergence but NOT what should be used to trade or step in, IMO. Bounce? Maybe, we said CRYPTOCAP:BTC is at small support
Don't see any signs of turnaround for #bitcoin yet.
Sell volume is reducing, that's a +.
Next BTC GAP 32K -35KAfter successfully closing the gap around 40K-41K, Bitcoin (BTC) is now eyeing the next significant gap formed in October 2023. It seems likely that the price will gravitate towards the next gap zone at 32K - 35K before signaling a potential change in direction. Traders, take a moment to catch your breath, prepare your coffee, and stay vigilant. The market is dynamic, and careful observation is key to navigating the upcoming movements. Keep a close watch and stay tuned for potential opportunities ahead!
Bitcoin Weekly CME Gaps 2019 - 2024Here I've highlighted all the weekly CME gaps for Bitcion, showing all but One have now filled.
Technically, there's still one open just under $10,000 at / around $9750.
Unlikely this will ever fill at this point, but as of today Bitcoin filled the recent gap just under $40,000, which clears Bitcoin for runing higher.
However I still believe we'll re-test $38,000, followed by a bounce.
And potentially, if not likely, a deeper drop to re-test $32k before the bull run ensues.
Interesting chart just showing how often these do back-fill and re-test.
Bitcoin - Wave C is startingA lot of things about BTC is only clear in hindsight, so everyone is just predicting.
If you study Elliott Wave, the waves have so far been very perfect because BTC is a math model, but it is very hard to do it in real-time is because corrections can get complicated.
So at 48k, it is clear that price has retrace to the previous Wave 2. Unless we move up more, if not this tells us two things:
1) Nov 2021 to Nov 2022 is confirmed to be a 5-wave decline and not an ABC (big diff).
2) Wave 1 from Nov 2021 is an extension (nothing fancy about this).
These are clues that Wave C is just getting started.
Based on standard Wave C fib targets, CvsA or CvsB are unattainable as price will go negative.
The higher probability only one left is the 88.6% retracement level at 10k. 78.6% is at 16k which was already done.
Before bulls dunk on me, I am just a trader. Good if you have conviction to hold spot, but this level, it makes little sense to be long.
Never say never, because there are many unfilled CME gaps below. They may not always get filled, but mostly does.
My target is at 10k.
Just my view.
Bitcoin CME gap.There was a gap left on the bitcoin CME futures chart. I expect this gap to be filled.
BTC Finally about to fill the CME GapI noticed this CME Gap since 2 months ago and with all the ETF news, I thought it would never reach it again, but it did lol
BTCCurrently, BTC is in an upward trend. Entry is at 42,000. Stop loss is 41,000 and take profit is 45,000.
🅱️ Bitcoin Enters Correction Based On Elliot Wave Theory (~20K)➖ We have a perfect 5 up wave bullish impulse pattern.
➖ After five up we get three down (ABC).
This is the main premise for the upcoming correction, together with the halving and the Bitcoin Merge but there is more.
See this chart:
This week ended on a very strong bearish candle, we will have a closer look soon. This bearish candle/session has the highest volume since November 2022, after the week of early November 2022, the 8-Jan-2024 session has the highest bear volume on CME Futures. This is a major bearish signal.
Now we have a chance to look closer at the current week, it turns out that the CME chart reveals more data than the spot chart, this is great... Let's proceed.
Ok... Follow me!
The highest close happened 4-Dec., this is the full green candle to the left.
The top of this candle is marked with a green line.
This week we have a large upper wick (buyers buying) but the real body is red (current price below open) and the session ends red (close below open).
The candle close happened below the open and close of the first week of January and also below the close of the early December week, meaning that we have a full rejection in place.
Match this with the previous Doji (indecision), the high bearish volume (bearish strength) and wave count (market cycle), this is all pointing lower.
The fact that we have the launch of a Bitcoin Spot ETF with more hype than the Ethereum Merge, we know the top is in because these events are used to sell.
Then we have related charts such as COIN crashing and even unrelated charts such as TSLA, Gold and the SPX.
The whole thing is screaming: Down!
Now, how far low it is very hard to guess at this point because prices still trade at or near the top.
My early assessment says around 25,000 to 20,000 but soon we will have more information... The ABC wave on the chart is only for illustration, the shape of the wave and actual levels can be quite different.
The correction will last for a few months maximum, 2-4 months.
The initial reaction can be ultra-fast and strong (within 1 month).
👉 After the 2024 Bitcoin halving, we will get sustained, long-term growth.
When the halving is in, it is time to go long.
The chart will let us know and I will be here for you... You can count on my support.
You have my support.
Thank you for reading.
Namaste.
Bitcoin Local Top is in Huge volume at the breakout of the range, candle closed as upthrust and price got rejected, Expect the market to downtrend for a long time short is the play
Below 40k?I'm observing Bitcoin's recent movements with a cautious eye as it teeters on the brink of falling below the $40'000 mark. I've noticed miners ramping up their selling, possibly adding downward pressure on BTC's price. While the technical indicators like the 200-day moving average show some positive signs, the overall market sentiment feels bearish. It's a tricky time, and I'm keeping a close watch on these developments, ready to navigate through this period of uncertainty and potential volatility in Bitcoin's price.
BTC - CME Chart Here is an update to this post where we predicted this move perfectly.
So far we have come up for price to fill the gap and test our old support as new resistance. If this trendline holds as resistance our technical measured move is around $38,810 even though I think we will go a little lower based on other trendline and targets.
BITCOIN GAPS IN PERFECT LOCATION!!?! Still Bullish!There are 2 gaps on the #CME that will most likely get filled.
A short move up to fill the most recent gap , then a move down to fill the gap around $39500.
This will still keep #Bitcoin in an HTF uptrend.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
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This is not financial advice. This is for educational purposes only.
Another on the $ $BTC callWe are not trying to toot our own horn with this post.
There have been a few accounts that were warning about a CRYPTOCAP:BTC top.
HOWEVER, they've been saying it for some time. Broken clock is also right daily.
We began to warn few days BEFORE the #BTC melt down.
48k target, like we stated, was likely a short term top.
We rang alarm bells on the 9th & WARNED on 11th.
Another $ call on #Bitcoin.
BTC1!15% off ETF highs
Seemingly most convinced prices less than 40k are coming...
I'm unironically thinking "MID" of the whole move might be low, even if only to chop from MID to 618 and back till halving...
BTC - Short Term AnalysisOn the Left is the CME chart and on the right is a spot chart.
We did open with a gap on CME and that gap almost always get filled. That gap is between $42,365-$43,425. If price goes up to fill that gap it would also be testing our white line of old support that could be flipped into new resistance.
With the spot chart, we see BTC has created railroad tracks upon the open. This occurs when price closes and instantly reverse upon the open. Currently, we have seen these railroad tracks form on every timeframe from the 1min to the 1 week. As long as the low holds we should be able to reach the CME gap with this pattern.
🅱️ 6X Lev Bitcoin SHORT (239% Potential | Adults Only)Let's try again, the previous one was obviously too early.
These are what I call "trade-numbers".
➖ The bold levels are the first stop.
➖ It can go as low as 20K on a wick.
➖ It can take months to fully develop.
➖ Initially it can go fast.
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Leverage: 6X
Buy-in: $41,000 - $44,000 | Cp: $42,440
Targets:
1) $40,000
2) $37,500
3) $35,000
4) $32,600
5) $30,000
6) $27,000
7) $25,500
Stop-loss: Close daily above $46,000
Potential profits: 239%
Capital allocation: 5%
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Disclaimer: Leverage trading is high risk and for adults only. Adults are responsible for their own actions.
Some trades can be a success (win), others can fail (a loss), this is normal.
If you cannot take a loss, then you cannot trade nor do anything in life because losing is part of the game. Making mistakes is part of the game, it is just the way we learn and grow.
I am wishing you success truly.
I am hoping you can achieve your goals.
Do your own research.
Thanks a lot for your support.
I love you 😁
Namaste.
Short BTC before halving BTC before halving have to fill the Gap of CME monthly resistance could stop bullish movement after that the market need to liquid some of short positions around 50 k
BTC big expectancy of free fall againHello
Dear BTC buyers holders, pay attention I see that BTC has some signs of going down:
1- A strong reversal candle in weekly frametime is performing with huge voulume.
2- BTC had already accomplished its 3 correction important levels ( see my previous post) of
Fibonnacci retracement (38%, 50% and 61.8%)
3- The reached level of 48000 was expected more than 1 year as a maximum pick from where a
critical reversal point is would strat.
If BTC is agree with me it will go down until 32000 as a first .
Remember investors that I am not using a cristal ball but I try to be more rationnal whan i make my analysis.
Nb : take a look on my previous posts i listed down.
Break Away Gap(s)This chart shows breakaway gaps and the timing of when and if they can be close . The notion that gaps are always get closed applies to most of the gap types but break-away-gap that is reated by excessive buy or sell volume in the market.
The challenge with gaps is predicting the time __ time in the market is EVERYTHING.
Will Bitcoin ETF Tame BTC Like CBOE DidThis chart is still in play, I don't like the fact that the ETF approval, hasn't sent BTC. The weekly chart still show a bearish diversion, we still have 19 days left for the monthly candle if it doesn't close above the resistance... I'm shorting.
BTC schortI am of the opinion that a Bitcoin ETF will not have a positive impact on the price of Bitcoin. I believe that the price of Bitcoin will remain in the range of 20K to 80K for a long time. From late 2024 to 2027, I anticipate a significant but gradual increase in value.
