Get started

Bitcoinfutures

Bitcoin getting ready for another liftoff! $62K potentialHello! Here is my latest research on the price action. Found very close situation on the Bitcoin during late December 2020, you can see it on left screen. On the right screen we see current price action prior major breakout. This comparison I marked in 3 stages, where Stage 1 — Descending Triangle ABCDE Stage 2 — Wedge Compression Stage 3 — Breakout Impulse In stage 1 we are watching for tricky correction in Descending Triangle with 5-zig-zag pattern (Elliott waves ABCDE) Prior breakout from Stage 1 we can see Moving Averages Crossover and price start Impulse wave up. In stage 2 we are watching for mostly bearish Wedge, price sloping up and selling pressure decreased so eventually price breakout to upside, crossing Level of resistance of Fibonacci 1.618 at $29885 on 02 January 2021. Stage 3 is mainly impulsive wave 3 and 5 making sharp moves up and down and up again. In stage 3 you can see wave 4 retraced to level of resistance at 1.618 fib $29885 to retest the breakout. This time seems like we are in the middle of Stage 2, almost finished Wedge compression. Looking forward breakout from resistance of 1.618 fib at $49724 and impulse leg up to $62100+ as stage3, and there I will expect major pullback to $49k. Thanks for your attention, stay safe and use risk management. Best regards Artem Shevelev
BITSTAMP:BTCUSDLong
by ArShevelev
11
Bakkt Expected to Go Public via Reverse-Merger with VPCBakkt Expected to Go Public via Reverse-Merger with VPC Impact Acquisition Holdings In a move which is expected to be announced in the coming days/weeks, digital asset service provider ‘Bakkt’ is said to be finalizing a merger with VPC Impact Acquisition Holdings (VPC). The move, first reported by Bloomberg, is believed to be in its final stages. If completed it would be what is known as a ‘reverse merger’. For a company such as Bakkt, which has already raised hundreds of millions from existing investors, why is such a merger necessary? Simply put – it is often a cheaper and quicker way for a company to go public, as opposed to hosting its own IPO. These benefits are the sole reason VPC Impact Acquisition Holdings hosted its own IPO months ago. The company was created with the purpose and intent to go public, and subsequently be acquired by a promising company, such as Bakkt. At the time of its IPO, the company stated, Bloomberg notes in its report that insiders with knowledge on the matter believe that post-merger, the companies will see a valuation of roughly $2 billion USD. Dating back to mid-2018, Bakkt, was one of the most anticipated platforms geared to enter blockchain industry. While the company has come a long way since – becoming a popular service provider for BTC futures – it has experienced various hiccups along the way. Not only have multiple of the platforms expected services been delayed, but it has lost multiple CEO’s since its founding. Hopefully, between the increasing popularity of the digital asset industry itself, increasing volumes of its custodial and futures services, and upcoming loyalty spending program, these struggles are a thing of the past for Bakkt.
V
by AlenCiken
Huge Open Gap on the Bitcoin CME ChartCME:BTC1! As you can see in the chart, there is a huge Open Gap on the CME Chart of Bitcoin between $26,000 and $24,000 dollars, and there is another between $19,000 and $18,300 dollars. To close those Gaps the price would need to go down to $24,000 for the first one, and all the way down to $18,300 to close the second one. Previously, it closed a huge Gap between $31,450 and $29,650 dollars. www.investopedia.com Not all Gaps get filled, but most of them does, like 90% or so. At the very least, we will close that huge Gap between $26,000 and $24,000 dollars. Meaning at the very least, I expect Bitcoin to go down to at least $24,000 dollars, if not lower. Furthermore, the RSI indicator is deeply overbought, and the 20 and 50 Day Moving Average Indicator are far away from the current price. Certainly, I expect we will see $24,000 dollars on Bitcoin before we see $40,000 dollars. Not a financial advice. Good Luck in your decisions.
CME:BTC1!Short
by Raul_Dominguez
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 Expanding Wedge Prior Breakout to $20000Hello, here is the Bitcoin price action plan. Today Bitcoin reached new daily high at 14165, Tail of this wick could take a lot of liquidations and stop losses. On the chart I visually represented 3 Trading Ranges inside Expanding wedge. ☞ Inside trading range price printed resistance with a-b-c-d points, where point c is higher than others. ☞ Support built by i-ii-iii points, usually point i is lower than others. ☞ Next thing you may notice is Resistance line, it have 1234 touches before bullish breakout. So for now I will expect to buy near additional entry at 13000 zone and lower near 12500. Good luck! Share and like are appreciated !
BYBIT:BTCUSD.PLong
by ArShevelev
5
Short-term picture is setting the basis for a bullish long-termHello there, here is my view for BTCUSDTPERP. Enjoy! This chart is referring to my previous big picture, so please go and give a look at that too. Trump looks like he has recovered from some health issues caused by COVID-19 infection; I believe this is a bullish fundamental for all the market, especially with presidential elections taking place in less than one month. On current chart price action is moving inside an ascending parallel channel and a rising triangle is forming on smaller frames. Trend (based on adx-di and rsi) looks still bearish by now on h4/daily, while has changed on smaller frames; on chart breakout quote is the green rectangle, which is still the main target for next move. Bullish momentum is being gained, as macd clearly states. Ichimoku cloud is now acting as a resistance on h1/h4, but it is getting thinner as well, so it won't work properly as is. Bollinger upper band on h1, which breakout would result in a rise in volatility, is gaining strength as a resistance as it is getting closer and closer to 10635 level, where supply zone starts. Other than this, mid band was recently broken out on h4 and is still supporting the price on h4 as well as on h1. HullMA and EMA 200 are now curving up on h1, suggesting a bullish week in seek. Trading strategy: Long it around 10580, targeting 106500 first, 10840 then. Stop must be set below 10560 if taking a leveraged scalp, 10500 if holding the long based on the bullish big picture. Hope you liked this little bullish analysis, see you on next prediction! Trade safe and make some money. Anlvis
Long
by Anlvis
What is BITCOIN COOKING and why you are most likely to miss it..Because over 65% of the time the market is in a trading range, either the form of a channel or sideways. its a shame that only less than 45% of the time you will see a clear trending market and if you are the type that typically always over position, a slight little move against you will most likely lead to a big loss for those of us trading on Futures account. Futures trading requires lots of patient (kindly like to support our Ministry to help us move to the permanent site A channel with two sided trading going on like the current BTC Market leads to over 75% of traders anxiety as a result of the wide weak channel the market is trading on( a trending trading channel) Looking at the Weekly chart, we see a clear breakout from consolidation and a current retest of that breakout point. also from our last analysis last week on BTC when price was at 10200, zone, it has respected the lower channel trend line ( we recommended buying at the lower channel trendline zone last post) The thing remains that So many will miss the up coming PUMP simply because of the anxiety and confusion we traders seem to find ourselves as a result of the Market current WIDE TRENDING TRADING RANGE CHANNEL(this shows a strong sign of two sided trading and beginners are likely to take each pull back as reversal, they will most likely be Shorting each pill back thinking it will reverse only for their Shorts to be bought right back.( one of the strong characteristics of a channel is the two sided trading taking place, each attempt to break out of the channel will 75% of time fail especially if the market is trending
Long
by MachiavelliTrader
BTC Weekly Outlook (FA&TA)“You are a child of the Universe, no less than the trees and the stars; you have a right to be here. And whether or not it is clear to you, no doubt the Universe is unfolding as it should”. ---- Max Ehrmann Key Fundamentals: 1. Smart money action: The on-chain smart money actions are now stable at a bullish level and are higher than the July level when we had the 10k break out. This not only is similar to the on-chain developments before prior bull runs, but also indicates a strong support at 10k. Grayscale: raised $900M in Q2 (its ATH quarter since inception). Even though $900M is not significant when compared to the mkt cap, it does indicate a switch in accredited/institutional investors’ view on the crypto space – where the money comes from to push the next ATH. We’ll keep an eye out for Q3 stats. China’s financial channel, cctv-2, claimed crypto as the best performing asset class of 2020 this week. Since the channel is strictly controlled by the Chinese government, the fact that such news is reported shows a potential loosening on crypto regulations in China. This is consistent with the Chinese CB crypto experiments. 2. Miner action: Last week, BTC mining difficulty just got adjusted to its all time high with an 11.35% increase, 10x higher than that of end of 2017. This means, firstly, the security of the bitcoin network is improving significantly despite the price decrease compared to the 2017 20k ATH. Secondly, miners are profiting ever since the March capitulation, and more miners are joining the game at the current price level. 3. Market Sentiment: Overall market sentiment is now neutral. For the seller group sentiment, this group remains in a bull trend. If we drop to the 10k level again this week, another “decr. in supply” alert will likely occur. These have been generating great R:R setups and returns. Bull trend means buying the dips. 4. Margin & Futures Market Actions: Daily chart speaking, the margin market has been on the bearish side since the drop to 10k. This means, despite some short-term drop potential, the chance of us dropping to 9k this week is low. Periods of overly bullish/bearish sentiments have been marked out in the chart above. You can make your own judgements. Prolonged overly bearish sentiment is the textbook scenario to initiate upward momentum. This is THE most important factor to pay attention to during the next 7 days given the current complex EW situation. I’ll keep on posting status updates twice a day to cover this. As for the CME institutional traders’ positions, not much has changed this week and the trend remains bullish. Do note CME positions are for futures, and thus acts as a leading indicator rather than a coincident indicator. In early bull runs (and when there’s still time to the future maturity), it’s also in the whales’ interest to push the price down, lowering average cost. 5. Global Market Impacts: To ease the COVID impacts, the Fed is using all means to boost the economy, which means a continued rise in inflation. This will fundamentally push up the value of gold, bringing up bitcoin along the way as the main value proposition of bitcoin remains store of value rather than remittance. 6. CME Gap: The weekend gap has already been filled. Funny how the market moved up from $10.6k after we posted the status update yesterday for potential upward momentum. Anyways, hope some of you got on board. Key Technicals: 1. Short-term Resistance at 11.3k, 11.9k. Support at 10-10.3k. 2. Elliot wave: likely in a flat structure (A-B-C). Out of 1-5 & A-C, B is always the most complex wave. And now, we are potentially in (b) of B. Soooo, many alternative counts. To simplify matters, watch out for the diagonal red resistance. If we break above it, we’ll likely first test 11.3k, then 11.9k. If not, we’ll likely be consolidating between this resistance and 10k this week. There’s a potential that A is still in development, with wave 4 developing. However, if that’s the case, we’ll still likely be range bound between 10k and 11.3k for the week ahead. 3. RSI bullish: Daily RSI looks bullish. Bull trend support (40) held, and we are potentially finding support above RSI’s MAs. Potential MA up-cross soon. 4. MACD bullish: 1D up-crossed from the negative side. MACD will turn positive soon with a potential price EMA up-cross. Do you agree or disagree? All thoughts and critics are welcomed! ==================================================== 🌐 We believe in the power of blockchain data analysis! ====================================================
COINBASE:BTCUSD
by Phi-Deltalytics
50
BTC Weekly Outlook (FA&TA)Key Fundamentals: 1. Smart money action: The on-chain smart money actions are now stable at a bullish level and are higher than the July level when we had the 10k break out. This not only is similar to the on-chain developments before prior bull runs, but also indicates a strong support at 10k. Institutional investors showed picked up interest in the crypto space as Grayscale raised $900M in Q2 (its ATH quarter since inception). The $900M won’t be available for exiting until at least October 1st this year. And small likelihood that this group will exit at all. Yes, $900M is not significant when compared to the mkt cap (let’s put aside the whole thing about how BTC mkt cap is inflated, for now). However, it does indicate a switch in accredited/institutional investors’ view on the crypto space – where the money comes from to push the next ATH. Also, large players are accumulating off-chain. #MircroStrategy. 2. Miner action: BTC mining difficulty just got adjusted to its all time high with an 11.35% increase, 10x higher than that of end of 2017. This means, firstly, the security of the bitcoin network is improving significantly despite the price decrease compared to the 2017 20k ATH. Secondly, miners are profiting ever since the March capitulation, and more miners are joining the game at the current price level. 3. Market Sentiment: Overall market sentiment is now neutral. For the seller group sentiment, this group remains in a bull trend. As mentioned last week (when we were at the 10k level), 10k dropped below the actively trading group’s purchase price, which yielded a great R:R setup for the long side (decrease in willingness to sell, leading to a decrease in supply, which will ultimately increase price). In the coming week, we might have a similar situation soon. The level to watch out for is around 10.1k. If we drop below that level, the red star situation will likely occur, switching us to a temporary short-term bear trend (active group selling in loss). However, probability speaking, I would say the chance of the red star situation is slim, and buying the dips is the priority. 4. Margin & Futures Market Actions: Currently, the margin market is bearish, with low open interest. In simpler terms, most traders don’t believe BTC price will make new highs before dropping below 10k. Well, this is the textbook scenario for prior early bull run BTC price rises. When will the rise happen? When more traders put the money to the bearish game. Bull run emotional cycle: depression, disbelief, hope, optimism, belief, excitement, thrill, greed, euphoria. Take your pick of where we are at right now. As for the CME institutional traders’ positions, not much has changed this week and the trend remains bullish. Do note CME positions are for futures, and thus acts as a leading indicator rather than a coincident indicator. In early bull runs (and when there’s still time to the future maturity), it’s also in the whales’ interest to push the price down, lowering average cost. Check out the March resemblance. Similar occurrence for the 6k to 3k drop (but less CME oriented). 5. Global Market Impacts: To ease the COVID impacts, the Fed is using all means to boost the economy, which means a continued rise in inflation. This will fundamentally push up the value of gold, bringing up bitcoin along the way as the main value proposition of bitcoin remains store of value rather than remittance. 6. CME Gap: The weekend gap has already been filled. Also, as mentioned many times before, I would ignore the $300 gap open on 7/25. After such a long time, the gap filling (big if here) will be more of a result of general market movements rather than the cause. Many are now aware of this opened gap, but the problem is the more people getting onboard means the less likelihood of an event happening. Key Technicals: 1. Short-term Resistance at 11.3k. Support at 10.5-10.65k. The key level to watch out for is 10.1k. If we drop below this level, the short-term trend will likely turn bearish. 2. Elliot wave: wave (ii) of III likely over at this point. Wave (ii) as a zigzag. Wave (iii) in development. We are potentially done with wave 1 of (iii). Details see the chart above. An alternative short-term EW count for now is: (4) is still developing. (5) to 11.3-11.4k. Regardless, the short-term ideal accumulation zone should be similar. I would target 0.382-0.5 Fib retracement rather than the 0.618 level, given the bullish trend. 3. RSI bullish: Daily RSI looks beautifully bullish. Bull trend support (40) held, and we are finding support above RSI’s MAs. Potential MA up-cross soon. 4. MACD bullish: 1D up-crossed from the negative side. MACD will turn positive soon with a potential price EMA up-cross. Do you agree or disagree? All thoughts and critics are welcomed! ============================================= 🌐 We believe in the power of blockchain data analysis! ==============================================
COINBASE:BTCUSD
by Phi-Deltalytics
81
BTC Weekly Outlook (FA&TA)Key Fundamentals: 1. Smart money action: The on-chain smart money actions are now stable at a bullish level and are higher than the July level when we had the 10k break out. This not only is similar to the on-chain developments before prior bull runs, but also indicates a strong support at 10k. Institutional investors showed picked up interest in the crypto space as Grayscale raised $900M in Q2 (its ATH quarter since inception). The $900M won’t be available for exiting until at least October 1st this year. And small likelihood that this group will exit at all. Yes, $900M is not significant when compared to the mkt cap (let’s put aside the whole thing about how BTC mkt cap is inflated, for now). However, it does indicate a switch in accredited/institutional investors’ view on the crypto space – where the money comes from to push the next ATH. 2. Miner action: Both hash rate and difficulty have recovered, and miner capitulation has ended. With miner capitulation historically marking market bottoms, this is a bullish long-term sign. 3. Market Sentiment: Overall market sentiment is now overly bearish. For the seller group sentiment, this group remains in a bull trend, but the current price has already slightly dropped below the actively trading group’s purchase price. This means a decrease in willingness to sell, leading to a decrease in supply, which will ultimately increase price. Assuming bull market, we are in the golden accumulation zone. The black stars in the chart above indicate the past incidents when the price gets close to the active group’s purchase price. These were overall great swing trading entries with fairly good R:R setups. The trend will switch to the bear side indicating an exit once the price drops further from these areas. 4. Margin & Futures Market Actions: Currently, the margin market is overly bearish (across different exchanges, see chart below), and open interest is picking up. This indicates another short-term long scalp opportunity. As for the CME institutional traders’ positions, the trend remains bullish. Do note CME positions are for futures, and thus acts as a leading indicator rather than a coincident indicator. In early bull runs (and when there’s still time to the future maturity), it’s also in the whales’ interest to push the price down, lowering average cost. Check out the March resemblance. Similar occurrence for the 6k to 3k drop (but less CME oriented). 5. Global Market Impacts: To ease the COVID impacts, the Fed is using all means to boost the economy, which means a continued rise in inflation. This will fundamentally push up the value of gold, bringing up bitcoin along the way as the main value proposition of bitcoin remains store of value rather than remittance. 6. CME Gap: 90% of historical BTC CME gaps get filled sooner or later (generally created by weekend BTC movements when the CME’s closed). Yes, we still have a $300 gap open on 7/25. However, after such a long time, the gap filling (big if here) will be more of a result of general market movements rather than the cause. Many are now aware and talking about this opened gap, but the problem is the more people getting onboard means the less likelihood of the event happening. Key Technicals: 1. Resistance at 11.3k. Support at 9.8-9.9k (If we drop below here, trend will likely turn bearish). Nothing new this week. 2. Elliot wave: wave (ii) of III potentially over at this point. Wave (ii) as a zigzag. BTC doesn’t tend to rise in a steep line after a sharp drop, so we’ll likely consolidate for a while. 3. RSI neutral: As expected last week, we attempted at the MAs, leading to a bullish week. Currently, I don’t think much could be said about the daily RSI. It’s failing the MAs but finding support around 40 – bull market support. 4. MACD bullish: potential up-cross from the negative side soon. Do you agree or disagree? All thoughts and critics are welcomed!
COINBASE:BTCUSDLong
by Phi-Deltalytics
93