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Bitcoin CME Futures two week forecastWhether Bitcoin CME Futures closes over or under the D 55 SMA today (brown line) may prove significant for the coming week or two. If price closes under the D 55 SMA, it means that price could move down and find new support at the 100 EMA (dotted green line). Price could then find a lower target of around $8200 within a week or two. Bitcoin CME Futures would thus close the gap between $8985 to $8515, and history proves that gaps tend to be closed. If it does, which of course isn't guaranteed, then it would yield up to 15% profit based on the current price. However, if price closes above D 55 SMA today, so that it acts support, then price could initially move up to the D 21 EMA (dotted blue line), with a first target of around $10300. The next logical point of resistance is the the last top, with a target of around $10850, yielding up to 14% profit from the current price.
CME:BTC1!Short
by kebman
BTC1! CME Futures - ascending triangle?It's not textbook but it looks like an ascending triangle could be in play here. Breakout with a close above 8,400. Looks like it might happen soon, DI is in positive territory and the buy pressure is overpowering sell pressure. ----------------------------------------------------------------------------------------------- The buy and sell pressure indicator is a private invite-only script available for purchase or monthly subscription from cryptoalphaindicators.com 5 day FREE evaluation trial cryptoalphaindicators.com
CME:BTC1!
by CryptoAlpha0
The Real Reason Bitcoin Is Rallying to $7200...Bitcoin got a major push last night to the upper limit of our rising wedge. We were expecting a pull back, but insofar Bitcoin has continued to rally without coming back down to give us a good entry. Unless it has a good set-up with a high R/R (risk/reward), I don't like to enter. Many of the altcoins have been presenting us with great R/R's, which we have taken a lot of them in our VIP group. Right now, what we are seeing is a pushing contest between the bears and the bulls. I believe a target of $7200 is a solid target on this Bitcoin price rally because there was something known as a "gap down" in the futures market (which you can see on the graph attached.) Typically with gaps, there is a pull back before resuming the trend. (which for Bitcoin is currently bearish) This is known as a Gap Pull Back trade. For Bitcoin, the Stoch RSI is maxed on the daily, so we should get a nice pull back for re-entry around $6700-$6800 if Bitcoin doesn't break down from there. If we don't get the pull back, the R/R (risk/reward) is not in our favor as a pull back is overdue based on the stoch. Target for the second gap on the futures market is around $7200-$7300. Thanks for all the support and feedback. I'll continue to try and provide amazing content for you guys. Leave a comment with your ideas below and i'll try and respond to all of them.
CME:BTC1!Long
by jacobcanfield
22
CME Bitcoin Futures GapsLook at these boxes and how they affect price action and range. Wow bitcoin, very cool. When charting gaps like this, turn off magnet tool and enable "indicator values" in the chart formatting options so that the OHLC of BTC1!'s candles are viewable. Then use your preferred tool to create levels. Do note a majority of these gaps overlap due to their nature. In some cases, a gap may be a runaway gap. Many traders like to use these as areas of entry. Runaway gaps may be caused by exhaustion in the trend, ironically. If price is in a downward trend, there will be a moment where buyers capitulate and sellers are euphoric. In an upward trend, buyers are euphoric and short sellers feel short on logic. In the event of a runaway gap, expect price to pull back to where the gap is to "fill" the empty zone. A few of them are breakaways, too, where the break is caused by (usually) a fundamental reason. When a large breakaway gap occurs, the gap will become a support or resistance. A possible breakaway gap on the chart is the one on June 8th, 2018. A Korean exchange was hacked and bitcoin dropped to sub $7000 in a couple days.
BITMEX:BTCUSD.P
by NeoButane
The People Of the Future ( institutionals ( Like Talk ;)Well_Everybody has seen that when I build the future of the BTC, after a short period of time this instrument collapses to the ground, well, we consider that these people have the strength and sewed in the smart money and Big money Yes ¡¡ , this chart tray representation shows, in the graph where the price would arrive,,, if as they say the institutional in general have put their hopes that the price take a bullish turn and recover at least all the lost in the past time ..., and another good number of then believes that this price would easily by the end of 2018( 19) reach new historical maximal, well as is known this is just an idea ¡¡ of trading nothing else., based on it I have tried to be as most accurate as possible. Thank you.
BITFINEX:BTCUSDLong
by ManuelRodriguez
Bitcoin Futures Chart Update: BTC1! Next Trade PointsBitcoin Futures BTC1! CME Near Date The futures chart is showing some of the clearest trend lines at moment so is worth a look. Price action yesterday has not helped the bull cause. The chart shows Bitcoin is still in a very precarious state. Yesterday's fencing battle with thrusts upwards and spikes down was by turns dreary and stultifying and mixed with moments of excitement that untlimately led nowhere slowly. Although there is minor support at 8570 here it is not likely to hold up for long. No evidence of human activity now, just bots battling in no-man's land. After yesterday's small-scale roller- coaster ride of flips and false breaks not even day traders are showing much interest now. But the Bots have won a hollow victory in near term. They've effectively scared the market to a near stand-still. Once bitten, twice shy. Another test of 8286 line looks likely here soon. Although it should try to bounce from here the overall pattern is suggesting that this level will break eventually and trigger a short to 7619 initially. In turn a break below here is likely to lead to a retest of the lows at 5950. On the upside any rally from here is likely to get rejected by the dynamic now forming from the last rally high. Cannot think about a long from here unless 9300 is retaken and held by the bulls. That would turn Bitcoin back to positive again and can be followed if we see it happen. It looks unlikely now but we still need to be prepared for both eventualities just in case. But until we get a clear signal as above the best course of action right now is to keep powder dry and try not to get sucked into false breaks in the meantime.
CME:BTC1!
by sumastardon
Bitcoin Futures: BTC1! Powerful Overhead Resistance from 9000 BITCOIN FUTURES BTC1! Back to the Futures Yesterday's comment referred to the 50% rally from 6000 to 9000 and just a little higher - Major Gann and Tesla numbers. Weekend comments also referred to Bitcoin Futures prices and the key reistance range stretching from 8971 up to 9224 and the problems Bitcoin will likely face on encountering this range...overnight Bitcoin reached 8999 on Bitfinex, effectively double topping at 9K before falling away once more. The 50% rally presented an excellent opportunity to gather some bull points but the downtrend here is clear to see, still unbroken as yet. Bitcoin is not out of the woods unless and until 9225 is taken and held by the bulls once more.
CME:BTC1!
by sumastardon