As we near the January 10 BTC ETF deadline, it appears BTC is once again picking up momentum after having been confined to range from 40-45k since early December.
Whichever way this breaks, I wouldn't fade.
618 of the whole move first level for longs to overcome.
CME has its final two gaps en route to all-time high at 51k and 53k respectively thereafter.
Third...
GOOD MORNING
Don't see an increase in CRYPTOCAP:BTC shorts. With #ETF news perhaps traders do not want to be short.
Don't see a #BTC a breakdown, JUST weakening of the RSI during this current move.
BUT
#Bitcoin keeps bouncing off the trendline, yellow arrow.
We also see bouncing off the 20 Exponential Moving Avg, cyan, & the red = TREND strength.
As posted...
in CME Market bitcoin got a Gap around 39230 - 40315 which is to important as support and its may making Price back to it
so becarefull with all your buy positon
always DYOR!
BTC looks to be in a short term distribution phase, with a likely top already in ~47k on CME.
Expect moderate volatility this quarter, where I expect constant violent 10% swings in either direction between 46k and 41k until the ETF approval. Afterward, expect a drop to ~38.5k by the end of January. Note, January EOM has the highest likelihood of dropping the...
I think in the near future (1-5 days) we will go down to the 40900 level, then we will need to look from this level.
It's a work of fiction its nor financial recommendation.
Good Morning!!!!!!!
In reference to the rout #crypto is taking, everyone's playing Monday morning quarterback.
The post quoted, pls see more info on our profile page, wasn't the 1st post with warning!!!
We had mentioned the breakout had a lot of selling with little buying to support holding the move. CRYPTOCAP:BTC gave up a large chunk of the gains.
We also...
In hindsight, that break below 46140 at 15:00 UTC January 2nd was the textbook Wyckoffian crack of the ice pre-distribution.
Now that we're here, it's important to note that this dip filled gap at last Friday's close, deviated below and reclaimed mid of whole move in testing it as support, which makes me think the distribution is done for now.
So long as can...
Bitcoin has surged beyond a symmetrical triangle, hinting at a potential target around 48500. This aligns well with the March 2022 high of 48475, marking an initial upward goal. Moreover, there's room for further growth if we consider the prior rally as a flagpole and the recent consolidation as a midpoint, indicating potential for Bitcoin to advance even...
The retest that i was waiting during the year of 2023 has just been met .
Even though i expected that retest to occur during the may or june of 2023 at 40k level, bitcoins price has just hit 47k in cme whilst on other exchanges it remains at 46k level .
I do believe this is bitcoins final push to the upside ,and this is a major sign for more downside to come .
Now...
Good Evening/Morning!
The call for CRYPTOCAP:BTC topping around the 44k range for 2023 was GOOD!
1st trading day and #bitcoin rips higher!
How's that for coincidence, huh?
The call for #BTC being in a temp pause & in a CONTINUATION pattern was GOOD!
IMO, the next level that #Bitcoin is most likely to test is the 48k with a good possibility of hitting low 50k...
Introduction to Bitcoin Futures
Bitcoin Futures represent a significant intersection of traditional financial markets and the innovative world of cryptocurrencies. They allow traders to speculate on the future price of Bitcoin, providing a way to hedge against price volatility or to profit from price movements. As we step into 2024, the potential approval of...
Bitcoin futures chart looks TREMENDOUSLY bullish...
I was looking at protective puts in case of a negative SEC decision causing a black swan decline but this chart makes me think it's not necessary to buy insurance here. (although payoff was like 22 to 1 for OTM puts expiring by Jan 12th)
If this signal here works, the 'Explosion Pattern' in the latest...
Hello! I am still adhering to our previous idea, but with a slight emphasis on a new perspective. Instead of focusing on traditional analysis, let's pay attention to liquidity zones and potential opportunities for correction.
Let's consider the liquidation map: we are focusing on 34k as a key level, where the largest liquidation of long positions is observed,...
Bull gon be the next few days , btc will continue the corecction , after that will break the higher resistance zone and reach to 49-52k ,Then Dumps to the 20's k
random predictions for 2024 and 2025 for bitcoin
189k by 10/13/2025
Bitcoin ETF approval coming january 8th, trading january 15th. 100k by end of year.
Adding more to previous post
Did not notice the CRYPTOCAP:BTC DAILY $ FLOW - Kinda gross, really fell off.
#BTC RSI has been weakening for a bit, we've mentioned this few times.
#bitcoin is once gain testing the Green Mov Avg.
CRYPTOCAP:ETH RSI & $ FLOW, like BTC, is weakening.
Volume has been trending lower.
#ETH is still on an uptrend but it is facing...
