Get started

Bitcoin Futures

Bitcoin - Breakout below 19 000 USD confirms our bearish thesisYesterday, Bitcoin dropped below the support level at 19 526 USD. Then later, the price continued below 19 000 USD, halting its movement at a low of 18 540 USD. These developments are negative for Bitcoin and further confirm the bearish thesis we laid out in our previous articles. At the same time, there was no significant change in fundamental or technical factors, allowing us to stick to our bearish outlook and price targets at 17 500 USD and 15 000 USD. Although with mounting evidence of the global economy slowing down, we think the price of Bitcoin will drift far below our price targets. Indeed, we believe Bitcoin will test 10 000 USD in the coming months. Despite that, we would first want to see our price targets being hit. After that, we will reassess the situation and set new price targets. Illustration 1.01 Illustration 1.01 shows the 5-minute chart of BTCUSD. The yellow arrow indicates yesterday's quick price action that led to Bitcoin plunging below the 19 000 USD price tag. Technical analysis - daily time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the daily time frame. Illustration 1.02 The chart above shows three bearish breakouts, which also confirm our bearish thesis. However, the most recent breakout was retraced; ideally, we want to see the price drop and stay below the immediate support/resistance. Technical analysis - weekly time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame. Illustration 1.03 Illustration 1.03 shows the daily chart of BTCUSD. The yellow arrow indicates the spike in volume, which is another bearish development. Ideally, from here, we would like to see volume increase accompanying a declining price. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:BTCUSDShort
by Tradersweekly
40
Bitcoin - For Trading Not for InvestingWhen Bitcoin was trading at around 60,000 level in late 2021 and before that year, whenever friends, acquaintance and participants asked my opinion about investing into cryptocurrency, immediately I knew they may not know much about cryptocurrency. To clarify, I am not an expert in cryptocurrency, but I know its intrinsic value could not be calculated then and even today, therefore it is an instrument not for investing but for trading. Let me elaborate, as long as we cannot define its intrinsic value to any so-call an asset, it is not an asset, but an instrument for trading. When we get into trading, meaning, we have to acknowledge the getting in and out, out also represent to exit the market with either a profit or a loss, it is part of the deal in trading – we have to be quick when we make a wrong decision. However, if you position yourself as an investor in crypto, you will either always perceive it will break new high or hope that it will someday go back to its former glory. Throughout the whole tutorial, I will do a recap on how I have spotted this top here in November 2021. I have done this in another personal forum I have back then. I will go through that and it may seem like a hindsight view, but I will apply the same strategy to the current market using just trendline and divergence. Bitcoin Futures Minimum Tick: $5.00 = US$25 or $1.00 = US$5 Contract Value: 20,000 x US$5 = US$100,000 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME:BTC1!Education
by konhow
2
Bitcoin daily : near 20.600 after pinbar comes ,pick buy use very vetry low size and wait bitcoin go down , near 20.600 when you see buy pinbar in 60 or 240 or daily chart come , inter buy and hold it near 15 day , dont close it sooner than 36000 SL=pinbar low or 17400 predict = bitcoin will see 50.000 until year end so dont close your buys soon , so be carefull from sell (100% use low size and SL), 80% looking for buy in deep until 50.000 ALERT= if bitcoin break low 17400 can crash to 14000 ( 2nd buy place after pinbar comes) good lock
BITFINEX:BTCUSDLong
by ramin_trader2006
2
BTCUSD: Consolidation nearly finished, lookout below!The market appears to have nearly exhausted all business in this consolidation zone. We're very near the downward trendline on the daily chart. The MAs have rolled over on the 30min chart and VWDB on the 30 min has turned negative again. I stopped publishing with the daily and 30min charts side by side because I work on an ultra wide monitor and Tradingview squishes the aspect ratio down until the charts are unreadable. The next level of interest on the daily chart is the 12600 area. This is former resistance that may act as support. It's an old level from August 2020, so who knows what will happen when the market reaches that level. Fundamentally, USD strength should continue to create headwinds for the BTCUSD pair. Gold has taken it on the chin the past few trading sessions and I expect BTC to follow in short order. Leveraged traders should use the top of this consolidation zone as their stop loss. Spot traders should remain in cash for now.
CME:BTC1!Short
by iamroot
Bitcoin BTCUSD - Complete Elliott Wave + Falling wedge! (weekly)- I do not see any reason why bitcoin should not respect the previous all time high support from 2017 (around 20 000 USD). - The price is currently above 20 000 USD and we have had a capitulation wick to 17 600 USD to kick out high leverage traders. - Bitcoin on the weekly chart is currently sitting on the main support: Previous 2017 Swing high + 0.786 FIB + ABC correction completed! - The price is forming a falling wedge pattern, which is definitely a good sign that can lead to a new bullish trend. - As per my Elliott Wave analysis - ABC correction should be completed successfully and we can start a new impulse wave. - If we check the MACD indicator, we can spot a bullish divergence and the first bullish tick on the histogram! - If this Elliott Wave analysis is wrong, then anyways we should go back to 28 000 USD to retest the 0.618 FIB level + trendline of the wedge. - Look at my ideas about TOTAL crypto cap and BTC.D in the related section down below ↓ - For more ideas please hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
9
Bitcoin - no need to rush, bears still have the controlCME:BTC1! price can test the 3D demand zone in the next term as the next price target. I also think that there will be more sell-offs in the next days since the macro conditions are not supportive and crypto market news flow is also not positive. Although I am not sure whether this demand zone will hold or not, (if holds) then there will be a consolidation period for some time, with some potential price spikes. So, there is no need to pull the trigger at the moment. The summer period can be dull. ps. it should be the "demand zone" on the chart as well. This is not a financial advice. Trade wisely.
CME:BTC1!
by Trader_Geist
Bitcoin daily = if low not break , it will see 37000 soon if you remember i was predict bitcoin 20.000-18000 if you pick buy in low , dont close it soon , in next 30-60 day bitcoin can see 50.000 if low break bitcoin can go to 13000( buy place after pinbar comes on high time frame) then hold it until 50.0000 ADVICE = dont pick sell , looking for buy (if low not break) good luck , pick sell in 37000 posible but for inter sell wait pinbar comes on high time frames ALERT= IF YOU DONT HAVE MIN 3 YEAR EXPERIENCE ON DEMO ACCOUNT , DONT TRADE IT , IT IS VERY HARD MARKET
BITFINEX:BTCUSDLong
by ramin_trader2006
5
Bitcoin BTCUSDT - Elliott Wave + 0.786 FIB + Falling wedge!- Bitcoin on the weekly/3D chart is currently sitting on the main support: Previous 2017 Swing high + 0.786 FIB + ABC correction completed! - We are also forming a falling wedge pattern, which is definitely a good sign and can lead to a new bullish trend. - As per my Elliott Wave analysis - ABC correction should be completed successfully! - If you check the RSI indicator, you can spot another falling wedge + oversold condition. - Volume analysis - huge capitulation spikes, which usually indicates trend reversal. - We have a bullish hammer candle on the D/3D chart - indicating a rejection to go lower. - I do not see any reason why bitcoin should not respect the previous all time high support from 2017 (around 20 000 USD).
Long
by UnknownUnicorn2537518
7
BTC why we are targeting 9, 735People are asking why we are targeting 9735. Let me explain to get you a better view. 1. The red lines which behave as resistance, resistance and then converted to support and that's where BTC always find its bottom which also accommodated by weekly moving average 200-300 2. The same thing is in progress here resistance, resistance and now BTC converting the same line into support. 3. Now lets plot 9735 and voilla what we see is classical market pattern. 3.a. Thats 2017 ATH and after correction in 2019 BTC try to flip but failed 3.b. In Sep 202 it successfully converted to support and 2021 rally begins. 3.c. So market need to come to test it again as support Now the confluence there is so much 1. The flipped support 2. weekly moving average 500 3. 2021 ATH line which will be support for BTC I hope you will now understand it why we are targeting 9735. And lets not forget this is the first time BTC going to test its flipped support it can also fail and push the price below 9735 too who knows.
BITSTAMP:BTCUSDShort
by BlackBirdTrading
16
Bitcoin below the 20,000 mark, and to test faith? Weekend, was originally a boring chicken rib moment, but bitcoin did not follow the normal this time, since Saturday, from the Binance perpetual contract added position, has felt that there is a big thing to happen.Over the past few trading days, although the market has been bullish, many people think this is the bottom.But technically, we don't see the long signals. After the bottom of the deviation appeared, can not receive the Yang line, I feel uneasy, repeatedly remind friends, do not left trading, must wait for macd gold fork, break through the average to enter the market.And this Yang line did not wait, but is constantly rush high fall. On Friday, I was still reminding you not to ignore the risks, because in 2018, like now, after falling below $6,000, it was a serious loss. In a highly leveraged market, extreme trends are frequent, so don't look at the market with a conventional mindset. So now that $20,000 has broken, many people are getting confused again.But if you look at the cme gap, you know that the $18,000 covers the gap in December 2020 (the purple line is the last rise), I've written many times before about the cme gap theory, which still works. According to the theory, the gap back, should form support, and the current line macd although bottom deviation disappeared, but if the cme opened on Monday, form a jump gap, that is the short-term third gap (yellow line for the gap), has the possibility of exhaustion, so even if the bottom deviation disappeared, does not mean that there will be no rebound. As for the gap below $10,000 in July 2020, I don't think it should be covered in this round of adjustment.It may even fail to compensate. This is a short-term view, for your reference, from the medium and long term, we look at the chart below, this is the bitcoin spot monthly line trend, if the wave theory is effective, then the market should have completed a standard big bull market, and then enter the abc adjustment cycle.Now, it's most likely to be wave A, and then there may be a big b-wave rebound, so much so that we think the bull market resumes.But the bull market, or b wave rebound, only come out to know. Or is the phrase, the prediction, a speculation based on history, not the condition of the transaction.Trading, there need to be standards, and this standard, you can set by yourself, you can also refer to my: macd + ma, a seemingly ordinary, but a very practical tool.
BITSTAMP:BTCUSD
by peter-l