max pain in sight for the bullsgm,
i've been entertaining a few ideas on btc, and this one comes to mind today.
the possibility of 1 more leg down, to take the rest of the longs that fomoed into the rally this week, and the few who managed to survive the drop from ath by averaging down mindlessly.
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the way we bounced is ve
Related futures
$BTCLooking at this BTC/USD (Bitcoin futures) daily chart, we see price action that screams caution for bulls. Bitcoin has been grinding higher in a choppy uptrend since late October, but it's now testing a critical resistance cluster around $98,000–$100,000. Volume is tapering off on the upside, sugges
Different Timeframe Analysis - Bitcoin Back in July, I did a tutorial identifying the 120,000 level as a potential peak for Bitcoin, with the possibility of an open correction. Bitcoin subsequently formed a double top before pulling back to its recent low.
In my view, Bitcoin should continue to trend along this parallel channel.
Monthl
Bitcoin Futures Approach Crucial Triangle Structure Bitcoin CME futures are forming a technical pattern that points to a period of consolidation before a potential upward surge, provided that key support levels remain intact.
Recent price action indicates the development of a Wave 4 triangle, a structure that often appears when markets pause before
BTC UpdateLooks like MFI is headed back up on the 3hr chart so it probably gets a Friday pump. Silver (SI) and NASDAQ:NDX (NQ) futures went oversold Thu afternoon, there were better option plays than BTC.
(I posted the plots)
IBIT (BTC ETF) is on my tracking list, but I'll only trade it when it makes sens
Bitcoin Corrected, What’s Next?Back in July, I did a tutorial identifying the 120,000 level as a potential peak for Bitcoin, with the possibility of an open correction. Bitcoin subsequently formed a double top before pulling back to its recent low.
In my view, Bitcoin should continue to trend along this parallel channel.
We wil
BTC CME Futures: The Capitulation Buy SetupSimply:
The logic here is simple.
Bitcoin has dropped too far and too fast.
We are currently hitting a major mathematical exhaustion point (the 2.5 Standard Deviation line).
At the same time, we are entering that big blue support box between 78k and 82k where the massive rally started earlier th
Micro Bitcoin Futures (MBT1!) – DSRTL‑ML Weak Dip at supportMicro Bitcoin Futures (MBT1!) – DSRTL‑ML Weak Dip at S4–D5 Support
We are analyzing the weekly structure of Micro Bitcoin Futures (MBT1!) using the institutional DSRTL‑ML support/resistance engine. On this bar the indicator classifies the state as WEAK DIP with a Neutral/Bearish bias and the syste
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The nearest expiration date for Bitcoin Futures (Dec 2023) is Jan 2, 2024.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Bitcoin Futures (Dec 2023) before Jan 2, 2024.









