#BTC # 4H #CMEPrice pushed away from the border _ indicated by a blue rectangle.
Goal up to $ 11,000 - $ 11,300.
By the way: STEP beyond STEP overlap gaps, which I wrote about earlier (t.me/igorporokh1/864)
Let me remind you: Bakkt will start testing its platform on July 22 (t.me/igorporokh1/920)
When do we go to overlap the lower gap? It's a question of time. At present, the gap between the top $ 11,500 - $ 12,400, the expiration of CME futures contracts - $ 12,550
Bitcoinfutures
Amazing bitcoin forecast to $277k next stop & WHEN TO BUY?Does anyone have a roadmap like this???
Buy anytime we are near the PURPLE DOTTED LINE. In fact, if you believe in bitcoin, DCA (dollar cost average) on the way up and now! Anything below the purple value line is a spring/shakeout.
By my estimates and how the parabolic ascents of support and resistance line up, bitcoin will eventually and soon approach $277k decision point. It will require it breaking above the resistance parabola to go higher. At this point there should be indication of the s-curve knee point of global adoption moving forward as as store of value.
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Bitcoin Support and Resistance for TradersBitcoin is start a New Bullish trend.
Really if you decided to buy BTC for your investing , Buy it Now. Please Don't wait for chepest price because bitcoin Can not be analyzed.
In this market, the analysis is not responsive and influential people manipulate prices.
Bitcoin Continues to stay LongBitcoin has made a nice 7% gain for us on our trade yet we stil need a further break to the upside to consolidate these gains. A move higher could see Bitcoin head towards 6600USD as we run up to the end of July. What we don't want is a sharp sell off and drop back to 5000USD. This would erase our gains. Bitcoin is only 1 of 8 that we trade so this isn't the end of the world for us luckily.
We've made big gains on ADA this year - typically we look to the other futures to trade against bitcoin. Stay tuned in, until tomorrow when we have our next review.
Best regards,
Grey Fx Empire
BTC running into a brick wall?BTC continues its crazy run but ran into serious resistance here at around $5,500
It was an area where we paused right before the dump to new lows. If we can break above this level than 5800-6000 is on the cards.
Hedging long positions here would be a smart idea in case we do pullback as the gaps below are plentiful right now to go and close
A close back below the breakout and closing of the gap right under would spell pullback lower into the 4ks
Thanks guys
BTC quickly closes weekend gap!
BTC has a rather larger than normal move over the weekend
We saw price take another leg lower hitting the $3,400 region
That did cause a gap down on futures BUT it was short lived as we popped right back into the void and have now filled it
We continue to remain below both EMAs and below both monthly opens at the moment and until we can regain either/or both, bulls need to proceed with caution here
This strong move up this morning is good to see but the next few hours and even daily close will give us a good idea of what the possible next move to come is
Something to keep in mind are the remaining gaps left to fill at $4,300 and $3,200
Bakkt ETF decision is approaching as well so we could see a pump into the news and very likely see a "sell the news" event afterward
Thanks guys!
ALL GAPS FILLED ON BITCOIN CME FUTURES: EASY MONEYSince futures trading began in December of 2017, no gap has gone unfilled in the futures trading market. To me, this could mean one main thing - Institutional traders are in fact here, and they are winning big. They are hedging their spot positions in BTC with options to guarantee profitability. Whether or not my interpretation of this theory is true, the fact remains that price has gravitated back toward any liquidity gaps that have appeared in the BTC futures trading. The maximum amount of time for this phenomenon to play out has been 1 month.
It is Sunday and Bitcoin is dropping. If it closes Sunday below $3500, a significant gap will have appeared. A trade strategy here could be going long below $3500 and waiting for the gap to be filled at a later date.
Bitcoin testing 4k Next move 3500 or bounce to 4500As shared in our last chart and as expected BTC is trying to test $4000.
Btc come down to its 2nd Pivot Support If it breaks from here then $3800 will be the next support.
full chance for bounce back from $3800 to $4000 as if you see long term trend it is trading over trend line.
If it breaks 3rd support of $3800 then $3500 to $3000 possible
BTC gap fill incoming!!!
We can see BTC filled the previous gap formed when we broke way lower on the future chart
It took a few days but we did close the gap but there is still a smaller one left a little higher
We are within reach to close that gap BUT a move lower could be followed
How strong of a move lower? Time will tell but the reaction we get when we hit this next zone will give us a good idea if sellers step in strong to reject this area
Thanks guys!
BTC CME - Will this GAP fill before the next move up? BTC futures was able to break above the channel/bearflag last week but was rejected at the 50%FIB of the recent down move and sent back down into the channel. However, before everyone gets excited for a move higher, there is an unfilled gap in price at around $6420 and every time there has been a gap in price on Bitcoin futures they have been filled somewhat quickly. I highly doubt this time will be an exception so if you're looking to go long or looking for a short, this could be a good entry target or take profit as this zone will act as a magnet but we could see a further move lower back towards the bottom of the channel.
We haven't really made a new high on the RSI, basically flat while price continues to make new highs, which exhibits bear divergence at the moment.
If we do get the gap fill, pay attention to the volume as a high volume sell-off from the top of this channel could spell further downside and a break below, which from a bearflag could spell test of yearly lows. As always, wait for ideal entry points and wait for your targets and don't chase.
Thanks guys!
$44,000 Bitcoin By Year EndWe can compare Bitcoin over the past year or two to Gold from the birth of Gold futures contracts to see why Bitcoin has a good chance of hitting $44k by year end or by early 2019.
When each asset broke its previous ATH it pushed for a new ATH well above the first (peak Euohoria zones, Gold 4x and BTC 20x).
Each asset topped out at 1.0, then retraced 0.382, tested 0.786 and fell.
Gold bottomed out at a previous resistance zone similar to BTCUSD at about $5000.
The Gold 'flat' market from 1980-2006 will likely be a much shorter process for BTC. The Gold catalyst was the movement of capital to safehavens after the financial crisis, we could see similar behaviour towards BTC in the future.
BTC's first Euphoria zone has five times greater return's than Gold's peak euphoria zone, later Gold hit the 2.618 level. If Bitcoin mimics Gold and hits the 2.618 level at $44k. By this analysis, $44k seems like a CONSERVATIVE long term estimate, considering bitcoin's volatility and previous price appreciation.
BTC1!: BTCUSD FuturesI feel comfortable with yesterday’s, 25th June, #volume of #bitcoin futures. As shown, contracts expires Fri. 29th and this is where most likely distribution would happen the most. The down trend started early May and #technically at boundary of wedge. So far, gives more odds to the upside within 10-days trading at most.
70% UP (Breakout of 6350, spot price)
30% Down (Breakout below 5800, spot price)
Bitcoin H6 Sell IdeaPro Traders are never perma bull or perma bear. They also dont trade all the time. They change their bias based on how markets behave. The may have a strong Bullish bias but they wont have any issues in changing it to bearish if Markets conditions change. Learn to adapt to Market Conditions. Dont fall in love with your Analysis. Accept the fact that Market is supreme. Adapt to changed conditions or prepared to get REKT