CME gap closures are a strong indicator for BTC behaviour because the formed gaps have a chance of over 90% to be closed. We should therefore always consider CME futures gaps to be closed with a very high chance. Current situation: We are approaching the 20K-21K gap which is close to major support around 16,5K-17,5K area. Expect price to dip down before we might...
A source familiar with the situation said that the Russian Ministry of Finance has prepared a relevant amendment to the cryptocurrency mining bill, which proposes to prohibit the organization of the circulation of cryptocurrencies, with the exception of the mining of stablecoins and cryptocurrencies. Currently, the purchase/sale, circulation and trading of...
CRYPTOCAP:BTC is losing steam, fast Closed bunch of positions as yesterday #BTC showed weakness. This continues today. The 4Hr is about to bear crossover, something it hasn't done since trading above June 16th. The 1Hr chart is severely oversold so we could get a small bounce here before we continue to rollover a bit. What about bitcoin VOLUME? (Sorry cannot...
This is a continuation to my previous chart since the previous month contract expired and left my chart in a void. See: Bitcoin ETF marks the top (link below)
Bitcoin has reached its 50% retracement of the move we saw in 2022 and the new high has been accompanied by a divergence of the daily RSI. This suggests a loss of upside momentum at this key level of resistance and some likely near-term consolidation. The 55-day ma around 28000 is likely to act as near-term support. Longer term we do have some double Fibonacci...
I have put some effort into this update of my CME chart, and I believe I have covered everything. Although CMEs do expire, I have marked all of the "open ones" in this case. The main reason I focus on CME gaps is that when I see a price heading towards a gap, there is a higher likelihood of it being reached. So if my take profit (TP) is close to a gap, I would...
Many thought CRYPTOCAP:BTC would sell off hard after this recent run up. We're one of the few accounts that stated that there was LIGHT weakness & doubtful it would be a hard correction. This time it felt DIFFERENT. The movement was not the same as the previous run up. #BTC making it's move after the OUTSIDE DAY we spoke about. Spot #bitcoin is following, as...
CME:BTC1! Printed an Inverse Head & Shoulders or Cup & Handle as one would interpret. Critical level to flip is 31.5k. Reclaiming this as support could be potential impetus to 48k $BTC. Buildup still printing so aggressive traders could already take positions. If you are new, be careful! If this level does not flip then possible short position executions...
Bitcoin is currently facing an intriguing situation with two significant gaps in its price chart. The first one, at 35,000, has remained open for over 420 days, making it one of the longest-running gaps in Bitcoin's history. Simultaneously, there is another gap at 20,000, which presents a compelling scenario. Examining the risk-to-reward ratio, initiating a...
Not long ago we posted on spot CRYPTOCAP:BTC showing a weakening signal but we BRUSHED IT OFF. Why? Futures #BTC dictates price action & it looked decent. 🚨 We finally have the #bitcoin Flag for the flagpole formation. IMO we're going to roar higher. However, We need to consolidate again & it won't be 2 months like last time.
Broker Prometheum now claims it has a blueprint to bring cryptocurrency trading to the larger regulated market. Prometheum's plan would involve using an exemption created by U.S. regulators 50 years ago to allow trading in stocks subject to certain restrictions. This exemption can be used on a daily basis in the stock market to sell large quantities of shares....
In my previous post I mentioned the approval of the first Bitcoin ETF, it was launched today Tuesday the 27th. I believe this marks the top, I have been short since the tip top of the 25th of June. See my previous posts to better understand my thought process and reasoning. Good luck.
Short term CRYPTOCAP:BTC gap filled on the intraday chart. Weakness called☑️ Weakness would be weak☑️ Buy volume must remain strong☑️ Spot #BTC likely developed its trend already. Futures #BITCOIN is also beginning to show the trend. Weekly shows a NICE flagpole formation. Is the flag far behind? Pls boost/share if you like the content.
Hi Guys, Hope you well, This is CME chart for bitcoin , Usually price fill the gap in exchange that create in CME market. now we have two nearest Gap First of one in 35000 zone and another one in 20000. SecondChanceCrypto ⏰27/JUNE/23 ⛔️DYOR Always do your research . If you have any questions, you can write them in the comments below.and I will answer them. And...
CoinShares chief strategy officer Meltem Demirors highlighted at least eight major financial institutions that have signaled their forays into the digital asset space, including BlackRock’s spot bitcoin ETF filing and Fidelity’s crypto wealth management solutions. Others include JPMorgan, Morgan Stanley, Goldman Sachs, BNY Mellon, Invesco and Bank of America....
GOOD MORNING! CRYPTOCAP:BTC opened @ 30.7 & it is staying above that yellow SUPPORT line. This is good. 1HR chart shows a recent bearish crossover BUT it's fighting to crossover to the bullish side again. We may see some #BTC weakness here BUT look @ the 4Hr chart. It still looks pretty strong. Hence, if there is any weakness it may be "weak". :D #bitcoin...
BTC turning Bullish: Bitcoin turning and creating higher low at this stage we can consider it bullish and take a long entry with small stoploss of previous swing low.