Each of last 3 weeks we've sold off after CME open to test lower bound of this parallel channel that has supported price since late October.. This week's selloff includes a convenient backtest of the mid of the whole move (50% retrace of all-time high from lows), which is good place to position long from imho Will we simply reclaim lower bound of channel and...
Even though many investors are skeptical about the rapid rise of Bitcoin, from our perspective, the primary coin has established a stable upward trend that is unlikely to end soon. It is anticipated that there may be another pullback to the $38,000 range to fill the futures gap. Additionally, this area represents a zone of high liquidity. Overall, it currently...
Introduction to Bitcoin Futures Bitcoin, the pioneering digital asset, has carved a niche in the financial markets with its futures contracts. Bitcoin Futures provide traders and investors a regulated avenue to speculate on the price of Bitcoin without holding the actual cryptocurrency. This article delves into a quantitative analysis to analyze the next week's...
Let's examine CRYPTOCAP:BTC #BTC 1 - it is still trading higher on that trendline, good news. 2 - it has formed a Symmetrical Triangle formation. We've shown these before, best example was TVC:VIX , it cratered since the break. These can really pack a punch. Have to keep an eye in the direction that they break, they do tend to be CONTINUATION...
BTC looks ready to send from here up to 618 of the whole move before end of year Lots of confluence with 618 -- MID of MID and Third Quarter as well as upper bound of current parallel channel Has a variety of gaps that remain unfilled as additional incentive We could also see it blow out the top of upper bound of channel to fill these gaps, stretching up to...
Bag holding candle appeared after Healthy correction which considered a sign of strength Targeting the equal High as a start then New Local High around 47k+
BTC is in a difficult moment right now but i am thinking this is distrubution fase where whales are going to take money out of the market over a certain period of time. Historically speaking almost all CME gaps get filled again. I am thinking that after the first rush in december was the high for this month put in the first couple days. I am thinking we still...
Projected CRYPTOCAP:BTC route as Christmas approaches. Fill both recent CME gaps, quick H&S down taking out Monday's low and then some, up to take out the yearly high, resulting in a weekend rally and a very Merry Christmas.
A CME gap for bitcoin refers to a price discrepancy that occurs on the Chicago Mercantile Exchange bitcoin futures chart between the closing price of one trading day and the opening price of the next trading day. Gaps occur because the bitcoin spot market trades 24/7 on various centralized exchanges, from which CME derives its Mark Price, while the futures market...
CRYPTOCAP:BTC hasn't traded under the RED Moving avg much since breaking above it in Oct of 2023. We did warn on weakening RSI a few times. Weekly, #BTC looks very similar to #ethereum. However, unlike #ETH, it's finally getting out of OVERBOUGHT territory. Might get lil ugly before it gets better. #bitcoin does have a history of falling big once leaving...
"Bitcoin's journey to $45,330 could be a result of 'covering the CME gap'. The CME gap occurs due to the difference in Bitcoin's price when the CME closes on Friday and reopens on Sunday. Traders often observe these gaps getting filled, hence the potential rise to $45,330. Post covering the gap, a pump to $39,000 could be a bullish move indicating positive market...
It seems that we could potentially see another wave to the upside before seeing some aggressive sellers stepping in. This aggressive action should be very aggressive and also creates a break of the market structure. Inverse V shape to be expected to see the SELLERS taking back control of the trend. You also have a gap right below that break of market structure....
Good luck to everyone! This analysis is for educational purposes only and does not constitute financial advice. Conduct your own analysis before making trading decisions.
I believe, like many others, that we're still due a deeper drop. Here are my scenarios and likelihood, based on price levels. We're going to fill the Gap: 90% We'll drop to $35k: 65% Drop to $32k: 50%
As I ponder which gap will fill next, I'm noticing many seem to be thinking a 3xxxx bid is promised... 3xxxx bids are promised to no one. Reclaim 42000 and I think odds shift dramatically in favor of 44910 next It looks like an Adam and Eve bottom/ reversal forming just beneath mid, which should be enough to muster price back above 42000. BTC1!
Just mapping and thinking if the froth leaves & ETF stales We attack parameter outlines lower First would be CME gap under 40k 48k is still on the table but seems less likely if the 44k gap down holds seems like USDT claims are rising that MC add with ETF hype and CME premium came back the same one that was appearing at 30k -32k first ETF hype cycle ...
Since in my previous post, Daily Renko already confirmed sell signal, I am more biased bearish price action for the short-term. The daily candle closing below 39k to 38k will trigger further downside. Nothing to be greedy about, this type of correction is nothing in crypto.
There' s a CME gap i showed in the chart. I expect to see #btc may move up to close this gap. NOT FINANCIAL ADVICE.