Pump for Bitcoin Spot ETF and Havling in Fall 2023.
Top around March/April 2024.
Failed Halving Pump.
Bad economic climate in 2024.
Liquidity Event.
Recession in Fall 2024.
Crash to sub 10K.
"Playing Catch Up" - A clear, easy to follow 5 Step Trading Plan Template for Breakout Trading.
Step 1. Recognize the change in trend. Whether you use ranges, patterns, or stage analysis, all essentially help to confirm that the trend has changed from down or sideways to up (or vice versa, but just make sure its in the same direction you plan on trading!). In...
Keep an eye on the CRYPTOCAP:BTC volume today. Why? Well, this could be a short term top for it. But again, VOLUME. If it is heavy not good news.
4Hr #BTC looks okay still but there is a slight weakness.
#Bitcoin
Backed up to mid of current range (35335) and testing now as support
Bulls want to see mid hold
Bears want acceptance beneath mid
Onus on bears to break down mid
I'm biased towards range highs; good spot to add/ initiate positions from this juncture
if you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your friends.
CME Bitcoin Futures : Gap filled
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COMEX:GC1! Vs CME:BTC1!
--
That's the problem with teaching about stocks.
The problem is popularity doesn't last.
Even if you are good at trading.
The main thing you need to remember is you need
to understand your technical experience.
Right now Bitcoin is in a buying position.
And so we have this Bitcoin vs. Gold situation.
The Fed interest rate...
Bitcoin's CME Futures currently trades 500USD or 1.27% higher vs Bitcoin Spot (BTCUSD). This premium clearly reveals a bullish bias for Bitcoin.
When Bitcoin starts a new trend or, is set to move higher and does move higher or, simply becomes bullish, futures prices always trade at a premium vs spot. This is the situation we are in now.
This bullish bias is...
Days of triple digit volatility and rampant amateur speculation are gone. Unlike the overblown enthusiasm which defined the peak of 2021, investors now are more measured and discerning.
2023 has been defined by (a) discrete and information fuelled rallies followed by unprecedented low volatility, and (b) rise of traditional finance entrants in digital assets.
...
Looking at the Bitcoin CME Futures contracts we have to major gaps on the way down that are yet be filled.
These gaps can be found in the following ranges:
1) $34,445 - $35,775
2) $27,365 - $28,860
Now, let me ask you one question...
Who's selling?
Who is going to sell?
Who is selling now?
I ask this question because there is people around waiting for a...
the supertrend strategy on Bitcoin or TSLA
simply apply this indicator to your 30 min chart
now is a time for long bitcoin but in the bear market the strategy also performed very well on short trades...
In reference to CRYPTOCAP:BTC
Majority vs Row Partners, were:
Bullish mid April
We were sellers
Bearish mid June
We went TRADE long
Bullish July
We were cautious and turned bearish August
Extreme bear early September
We were cautiously bullish, turned bullish in October, ADDED LONGS
Hodl #BTC for the moment as it still looks good, but we may shave some off...
The first CME gap that wasn't filled yet, now has been filled.
We probably see a pause now in Bitcoins recent climb, before we rise further to around 40K (.618 retrace)
After that I expect a rather big drop... but not below 20K anymore.
Upthrust towards 35,925 gap, as foretold in earlier post this week, came sooner than anticipated.
This convincing move above previous 2023 highs has placed us in a new range, which is 28,535 to 42,140 (first quarter to mid of the entire move from peak to trough).
Mid for new range is 35,337.50.
CME gap immediately above remains unfilled until 35,925...
