Next weeks will show do cryptomarket goes nuts like in 2020 or nukes like not seen before.
All indicators show similarity to breakthrogh like in 2020, but as it is usual in cryptomarket when everything is bullish it could crushs
If price will go above Bollinger Band most possible there will be rully to 90 000
Bitcoin last hoorah moment. Everyone is back to the hype and i view it as a time to be very cautious. My view: bitcoin is done. Its not hedge against inflation and it will not work with interest rates skyrocketing. Bitcoin is fiat derivative and many will get trapped. Unpopular view.
That CME gang cray
Ran up to take intraday (but not intramonth) highs before close
Now filled previous day 330 close gap at Thursday open
Also happens to be same approximate area as that 35925 gap (filled last week) that I've been talking about
If bullish they'll likely hold this level for continuation
Has 39900 gap above as incentive for higher
This unclosed GAP on CME Futures waited there for more than a year and half and now it is closed.
What doest it means about the future price moves? First of all, the traders that were trapped on that levels can now close the positions break-even, but should they do that after waiting so long? I think that most of them will, because of psychologic bias. But, there...
Good day folks it have a bearish divergence on the BTC CME futures chart this can either mean we will go sideways or we can see a drop in price. Trade smart I would take a short with the swing high and target a profits around 33800.
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
......................................................................................................................
We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature.
and are therefore are unqualified to give investment...
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...
