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Let's update our #Bitcoin #CME 1D chart;Let's update our #Bitcoin #CME 1D chart; If you remember, I last shared a chart on 24.07.2024 that there could be a 30% decline on the Bitcoin side and that a Bullish formation structure would start from these levels. In the meantime, I have always voiced the danger of the gap it leaves behind as it rises. While filling the gap, it left a new gap at the same level (in the 60k band). We can consider this positive as it remains above. We can say that the decline is not yet complete and we could see another decline of around 12% from the current level due to the pullback.
CME:BTC1!Short
by ugurtash
😱 BITCOIN PRICE PREDICTION 2020/2021 😱 NEW PHASE ‼‼‼Here is the update on history of Bitcoin. NEW +1 Phase spotted. I find 7+1 Phases of the bitcoin from the top of 2013. 1. Descending Triangle Phase Price in form of triangle, in 2013 this pattern last for about 398 days. In the 2018, we can see similar triangle shape and price last here for about same period in 341 days. Next phase 2. Ascending Triangle Phase After breakdown of the phase 1, market in 2014 moved down and in start of 2015 formed Ascending triangle shape within 186 days. Now look at 2018/2019 zone of Ascending triangle , similar shape, similar period of 155 days. Next price moved upside to next phase. 3. Flat Zone Phase After moving upside price stuck in Flat zone for the 149 days in end 2015 and beginning of 2016. In middle of 2019 price stucked in similar Flat zone for about 162 days. Then we moving to next phase 4. Inverse Triangle Rise Phase In this zone we see about 105 days of rise in between middle of 2016. Here is highly debatable, but looks similar in end of 2019, you can see similar rise within 107 days. What happened next is phase of sudden crash. 5. Sudden Crash Phase So you see the 4th phase with 107 days rise, then within just few days price suddenly crashes in end of summer 2016. Same Sudden Crash happened in fears of COVID-19 in March 2020, right after Inverse Triangle Phase (4). Now move to phase 6. 6. Lack of Certainty Top In the end of 2016 we see the small volatility movement below resistance line and before this Top zone, we see steady rise for 153 days, before the market breakout from resistance line. In the 2020 we see steady rise after Sudden Crash (5) for about 156 days. Now price approaching resistance line without big volatility . Here is the prediction starts, in 2017 after breakout we faced 7th phase. NEW. 7. ATH Volatility Spike In the beginning of 2017 you can see green rectangle - at that time price approached 2013 ATH ($1150) and looks like there price start to jump really fast. Price made a pullback from ATH and then tried to break it, showing false breakout and then only at third attempt it broke the ATH level and Parabic started 8. Parabolic Rush Phase So after the breaking out from resistance line in early 2017, Bitcoin price started to grow, and after crossing previous highs market flooded with new traders and fresh money, which caused insane growth of the price for abut 357 days. Will this phase repeats after we cross 20k again? This is topic for discuss :) 👉 What price do you think we will face during end of 2020 and in 2021? Stay tuned, have a good profits Appreciate your likes and subscriptions This is Artem Crypto
BITSTAMP:BTCUSDLong
by ArShevelev
7
TWO GAPS to FILL. Which one comes first?Traders, Our CME BTC Futures chart now shows (2) two gaps to fill. We know that over 90% of all gaps are eventually filled. Usually, this occurs sooner rather than later. The big question is which one of these gaps will be filled first if we assume they will both be filled? Post your best guess in the comments below. The other thing I am looking at on this chart is a possible retest of our previous channel. Previously, the top of this channel acted as resistance. The market likes to come back and test previous resistance as support. Will it do so this time as well? Stay tuned, Stew
CME:BTC1!
by stewdamus
BTC/USD (17.3k Dollars: Strong Support?)💎Technical Analysis Summary💎 BITSTAMP: BTCUSD -Buyers are aggressively bought the dip for the 3rd time -We can see a Bullish rejection candle at a 17.3k dollar area -BTC manages to get above the 0.5 Fib level which is a good sign of strength -I'm expecting Bitcoin to consolidate in the next 24-48 hours -If we want BTC to continue higher, it must not go below 17.6k to paint a strong consolidation -But always be careful and have a stop loss in place in case of unexpected movement -Let us see if the Altcoin market can recover a little during this minor sideways trading A big Thanks for donating 💰 via Tradingview coins this week to CryptoConsultingServices 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
10
Bitcoin: Understanding the CME Futures Gap 1D (Aug.03)X Force Global Analysis: If you find our analyses to be helpful, make sure to support us by dropping a ‘like’ In this analysis, we explore the Bitcoin CME Futures chart on the daily in order to understand the technical barriers that Bitcoin faces in its bullish rally. Analysis - A gap is an area discontinuity in a security's chart where its price either rises or falls from the previous day’s close with no trading occurring in between - Gaps are common when news causes market fundamentals to change during hours when markets are typically closed, or when there are sudden movements within the market - Regardless of the type of gaps, all gaps have a tendency of being filled. - Tendencies indicate that while most gaps do get filled, understanding gaps from a probabilities perspective, sometimes gaps can be left unfilled - The current chart for Bitcoin's CME Futures on the daily demonstrates that a major gap around 11.7k has been filled - This gap had been in existence for almost a year, and was recently filled during Bitcoin's parabolic rally - However, because Bitcoin's uptrend was so steep and sudden, the trend is extremely choppy, and has left a lot of gaps on its way - There are major gaps around the following levels: 11.2k, 11k, and 9.8k What We Believe Given that these are all reasonable levels of correction targets, it's highly likely that we see a corrective move possibly filling the lower gaps below, before seeing another bullish rally to push forward beyond 14k levels. Let us know what you think in the comment section below Trade Safe.
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CME:BTC1!
by XForceGlobal
13
Bitcoin CME Futures (Closer look at the latest CME GAP)Here we are looking at Bitcoin CME Futures (BTC1!) to take into consideration the latest GAP. This is a $260 GAP sitting near EMA10. Bitcoin can easily fill this GAP and we still remain 100% bullish. Nothing to worry about since the GAP is now above EMA50. We could easily see a retrace and test of EMA10 as support, which would fill the gap followed by additional bullish action. If Bitcoin goes straight up, then the GAP will be filled later. Surely not a game-changer. Thanks for reading. Namaste.
CME:BTC1!
by AlanSantana
6
Bitcoin Futures (CME Gap?)Bitcoin CME Futures -After the trendline breakout and support retest last 22nd of July -Bitcoin started its uptrend move to 10400 region -If there is still left in the tank, it might even break the 10.5k resistance -But everyone is currently looking at the CME GAP down to 9.6k area -We all know Bitcoin likes to fill Gaps most of the time -It would also be healthy to have a minor correction before another leg attempt -Let us all look at both scenario if BTC will fill the Gap or move higher -I don't recommend Shorting Bitcoin after a fresh breakout -But instead, look for a good risk to reward trade setups -Warning don't use high leverage because the volatility is back
CME:BTC1!
by PolarHusk
3
Bitcoin V Bottom | CME Futures Gap | Above $8.6K/$9.1K FastWe are going to be looking at just two signals from this Bitcoin CME Futures (BTC1!) chart, these are telling us that Bitcoin (BTCUSD) will jump and move above $8500... Let's take a look! 1) First, we the "V" bottom. As this pattern completes, a bullish breakout can lead to $8500+ 2) Second, we have the now famous GAP, which can be filled on the bounce. We also have MA200 sitting at $9105... Prices can easily re-test this resistance level... Wait for a new update on the BTCUSD pair on the daily timeframe for more. Previous analysis Change Of Direction? Bitcoin Aims At $6720 / $8260 Next Thanks a lot for your continued support. Namaste.
CME:BTC1!
by AlanSantana
2
Bitcoin CME Futures TA Update (Price Gap? Must Fill?)Bitcoin CME Futures BTC CME opens the Monday trading with a price gap from 9100-8275 areas. This is a huge gap and the price is currently sitting at the key zone of support which has been the old resistance from Nov 2019-Jan 2020 trading history. If Bitcoin can hold this level for the next 24-48 hours. there is a potential to flip this area into new support territory. Also, giving the fact that all hourly time-frame has entered the oversold conditions, we may likely see a relief bounce to the upside and potentially try to fill the gap. Please treat this with caution as the bounce may happen is just a normal reaction, not true trend-line reversal. Further price action is needed to confirm a market shift to the upside.
CME:BTC1!Long
by PolarHusk
1
BTC/USD TA Update (Short-term rally is ended?)BTC/USD Bitcoin failed the short-term rally and has now broken the upward trend-line support. Technically, this is a bearish scenario for Bitcoin as the price closes below 50MA on the 4H period. 8700 support is not strong enough to hold if we will look at the higher time-frame. If the bearish momentum will continue further, there is a chance we will be revisiting the 8200-8000 regions in the coming days before we could experience a strong recovery to the upside. Local priority for the coming days is bearish.
BITSTAMP:BTCUSDShort
by PolarHusk
1
BTC/USD TA UpdateBTC/USD Where do we see Bitcoin from this point? BTC is still flowing inside this bullish descending channel from the High at 10.5k and now the price is touching key support areas at 9.1k. This pattern remains valid as long as the support between 8.8k regions holds in the short-term. Let's keep in the radar the RSI on 12H time-frame when the price hits oversold territory, a reaction bounce up occurs. If BTC touches the bottom trend-line support and the RSI hits oversold, there is a high chance we could see another relief bounce to the upside to retest the downward resistance at 9.5k areas. Let's not forget about the 0.382 Fib which coincides with price action and key areas, this will add to your bullish standpoint when BTC gets there. In the meantime, the priority is bearish down to 8.8k regions.
BITSTAMP:BTCUSDShort
by PolarHusk
BTC/USD TA Update (Bearish Short-term?)BTC/USD BTC got rejected 2x at trend-line resistance between 9.9k-10k rejoin. The price dropped by almost 5% last few hours today but immediately bounces at key areas of support. Things are quite looking bearish on the 4H time-frame as BTC made another Lower High. If Bitcoin will recover again at previous support but still unable to break this trend-line resistance. I won't be surprised the next try it will retest the key support area again is likely to fail the 4th time. Priority is now is leaning to the Bears in the short-term.
BITSTAMP:BTCUSDShort
by PolarHusk
BTC/USD TA Update (Bounce to 9.9k?)BTC/USD Bitcoin is respecting the 200MA on the 4H time-frame as the price bounces off 2x. The area where the 200MA coincides with previous resistance and it is now looking to be new support in the short-term. If BTC can hold these current levels for the next 24-48hrs. We may see a temporary bounce up to 9.9k regions where the downward trend-line resistance is located which will stop Bitcoin from going higher. From that point, we will have to observe how the market will react and decide on our next move. Bulls are still holding the situation but the worst-case scenario if BTC falls below the 200MA and unable to get above it again. We will see a deeper correction in the longer term.
BITSTAMP:BTCUSDLong
by PolarHusk
2
BTC/USD TA Update (Early Sign of Weakness?)BTC/USD BTC suddenly dumps over 9% after filling up the gap on CME futures. But manages to bounce a little at 200MA and downward slopping trend-line support. There is now a new strong resistance at 10.3k and it is BTC 1st Lower High after breaking to new Lower Low. There still hope for Bitcoin in a shorter timeframe but will have to take a lot of work to be done. BTC needs to defend 9.6k-9.3k support and from there, we may see a relief bounce to challenge the previous High at 10.3k. The priority now becomes slight bullish to neutral in the short-term.
BITSTAMP:BTCUSD
by PolarHusk
BTC/USD TA Update (Temporary Top?)BTC/USD Bitcoin is looking to set a temporary top at 10.4k areas as the previous daily candle is breaking bearish. Technically, overall market sentiment remains bullish as we are still anticipating the golden cross of 50MA & 200MA between 8800s regions which will be its strong floor area of support if BTC will have to come down to test these levels. There is also a strong upward trend-line support from 6.4k - 6.9k which coincides with the 50D MA trajectory movement. This area of confluence is the part where most traders are looking at to re-enter a Long position for potential another strong wave up to 12k or higher before the BTC halving starts.
BITSTAMP:BTCUSD
by PolarHusk
BTC/USD TA Update (Temporary Top?)BTC/USD Bitcoin got rejected at 10.5k resistance but still following this upward channel. The price could drop to 10k - 9.8k next key support area which also coincides along with ascending trend-line support and the 50MA. If Bitcoin can maintain the next support, we may see another attempt to challenge the High at 10.5k. The best thing we can do for now is to let Bitcoin cool-down a bit and see if it will form a base of support for a Long opportunity.
BITSTAMP:BTCUSD
by PolarHusk
Bitcoin CME Futures TA Update (Parabolic to 11.8k Price Gap?)Bitcoin CME Futures Bitcoin keeps grinding to the upside showing non-stop of strength. Just recently breaks above 10k and previous key resistance areas from Oct 2019 Lower High. The only downside is, it still respecting this rising wedge pattern from the Low 6500s. Currently, challenging the upward trend-line resistance of the wedge and if it fails to break above, we might see a minor drop too low 10k. The RSI hasn't shown any sign of weakness, if BTC turns parabolic again like what it did last May-June 2019, I won't be surprised to see the gap being filled in a short period.
CME:BTC1!Long
by PolarHusk
BTC/USD TA Update (Short-term pullback?)BTC/USD Bitcoin broke bearish of this bear flag on 2hr time-frame period. Currently, the price is testing previous support and upward trend-line coming from 8200-9100 two touchpoints. If we see BTC drops to 9600s and the RSI hits oversold on hourly time-frame we might experience a potential relief bounce to upper 9800s. At 9600 areas are our key support levels to keep this uptrend going, if we lose 9600s Bitcoin could drop further down to the 9300s and consolidate in those regions.
BITSTAMP:BTCUSDShort
by PolarHusk