I believe this is shaping up as a deviation beneath MID (of the whole move).
It seems plausible that if we can reclaim MID then we likely revisit the inefficiency left behind by Monday's capitulatory price action in a flash, as well as inevitably hover above MID long enough for a formal gap fill of last Friday's 44910 close.
If you have missed the market uptrend so far, then do not worry.
I believe BTC fills all these CME gaps to give the last chance to enter and then BOOOM.
Since the last update we have a new gap and the last jump is the final "bull-trap".
Bitcoin produced a new high in the early days of December but there are some bearish signals mixed in-between the candles.
For example, the new high is immediately followed by the strongest bearish candle since March.
Sell volume is really high and the close happened below...
The CME Futures chart has a gap fill that would line up with a test if bithebthe 21EMA and the 10 SMA, that's where it's headed and hopefully sooner than later, Last Bull run the was an unfilled gap for the entire bull run, but it did get filled when BTC came all they way back to 20K. Not a Gap Boy, but statistics show they do get filled.
price action at $BTC1 about to FILL the GAP!
could we able to have a bounce at the spotted bullish divi?
Please everyone, help me boost reputation so I could join u in chat :) (:
#DYOR
Bitcoin ("BTC") prices are on a tear. It has rallied +57% since the start of September and is on course to clock fourth sequential month of rising prices. Four forces are driving a blistering rally. Euphoria linked to BTC spot ETF. Bullishness in all “Risk On” assets. Regulatory clarity. BTC halving.
In a BTC rally, portfolio managers can gain exposure to the...
We mainly focus on the right side of the long vs shorts but let's look @ left side today, yes?
Longs were wiped out. Crumbled as can be seen by 1st pic.
In reality, who would leverage a BTC long here?
Back to the right side of the chart.
There's a tiny amount of shorts adding up.
#BTC volume is NOT heavy for such a dip, hmmm, curious.
Seems as if half that sell...
Dips are for buying.
10% dip so far from last week's high to the intraday low.
If you've been sidelined and looking for an entry, this dip to backtest the mid of the whole move may be a good place to look for for a long entry into the ETF decision early January.
The gap price of Bitcoin futures is between 40325 and 39640, waiting for the gap to be filled. According to market rules, this gap will be 100% filled.
Everyone seems to be sure that the spot ETF will come soon, I don't like following sheep herds, so this analysis is taking in consideration a possible extension in the SEC decision.
WOuld pay to be contrarian here. all momentum indicators are very much over extended but can run a bit more but i feel time is running out. everyone and their moms are now calling for 40k where were they at 26??? we got a perfect CME gap fill, almost seems to easy to long here which is why we short. and fade the general public. I find it also very improbable on a...
- W1 C&H MET
- W1 Gaps open at 62K & 40K
- Several D1 gaps lower open
- 29-32k LIKELY SUPPORT ON A PULLBACK
- Watching upper yellow TL and 46-48K as next area for rejection & top formation.
Here we go!
Since our call on CRYPTOCAP:BTC , the #crypto went from 38k to 43k in 3 days.
#BTC RSI broke out of the range it was in & to add some icing the $ flow looks pretty good.
We're now at the top part of the price range we expected.
May have to revise!
#bitcoin looks as if it wants to keep going, 48k maybe?
CRYPTOCAP:ETH is lagging, but that's...
BTC1! on the 6 hr time frame has an Ascending Triangle.
"An ascending triangle pattern predicts a bullish breakout above the resistance area, typically around the time when the ascending line of the triangle would intersect the horizontal resistance line. Ascending triangles form due to of accumulation following a sustained uptrend."
Next projected target on 6hr...
Nothing goes up straight forever. CME gap at minumum takes us back down to $39,600 area. A Correction back to the parabola we have created, takes us back to the the $35,500 area. Be Safe, Be Smart, Happy Trading!
Global inflation often signifies a weakening of global currencies. The question of whether Bitcoin can serve as a hedge against a depreciating dollar has gained significant interest among investors.
Or should it still be the Gold?
In this study, we will analyse the top 8 cryptocurrencies to determine which one is a more reliable currency hedge.
Bitcoin & Its...
