As of now BTC is in a very indecisive accumulating path for last 4 months. I'm expecting BTC to provide a clear direction by end of the year.
If ECONOMICS:USINTR keep going up I expect both OANDA:XAUUSD and BTC to drop down.
Expected support level for BTC will be around 13000 - 14000 range. This area has been a sell zone in previous bear...
CME Futures for BTC will Expire on 26th August 16:00 UTC.
Since mid June price has been ranging near the previous bull cycle ATH. So this can be implied as a retest of ATH by technical aspects.
Last July, we saw a price dump closer to expiry week and then a quick pump again by closure of expiry week. This august we see similar price action so far. Currently the...
After 6 months absence, going to start my monthly thread on CME:BTC1!
I have updated the monthly direction table for last 6 months. Even during a major bull run majority of the time CME Week was showing a weakness. However for last 6 months, CME week is showing a more of a ranging performance followed by weakness.
Trade Volume increasing while Open...
Recent price action as created a new CME Gap in the respective charts;
Based on current price date we can see this may be a gap which easily can be filled. I will be starting open small Long positions with expectation of this being filled within the week.
Expected entry: Below 48,000 - up to 47,000
Stop Loss - 46,000 - 45,000
Take Profit: Above...
CME Futures and Options will expire on 29th Oct 2021
Current demand area is 56200 - 59200 levels based on 13/21 EMA Band. Same time I expect to price to bounce back above 63000 based on S2F prediction by PlanB
RSI - Heavily over brought, possible pull back is eminent, but it will be very small, not expecting it to go to oversold area
Volume is still not strong enough to create a retail FOMO, still at early stage of a bull run
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