BTC/USD (Minor Drop to Fill the CME Gap?)BTC/USD
-quick market update
-the price dropped to fill the CME gap
-but still trading inside this channel
-there are still tons of support below us
-entering Short is at high risk
-we need to confirm reversal once we see a trend break
-if BTC will hold current levels
-we might see another few days of consolidation
-before large move to happen
-please wait for the right signal
Btccme
BTC/USD (Uptrend Continues?)BTC/USD
-a strong push from low 8ks to 10k
-CME gap is now filled
-for the bullish scenario
-must hold above 50ma or 9.1ks support
-a little pullback and break higher to 10k mark
-if this scenario plays out
-we will see 10.5k retest again or even higher
-for the bearish side
-closing below immediate support
-will lead to potential H&S pattern
-today, market sentiment is bullish
BTC/USD - GEP on CME FuturesYesterday I wrote about the importance of keeping this zone.
The situation has stabilized.
The price is fixed at $8500 and 8850.
There's every chance to go to the top of the range at $9250.
For continued growth:
1. The last fuse at $8150 has got a good volume. Apparently, a lot of shorts were stuck there waiting for the continuation of the break-down at $8250. These traders are trapped right now.
2. Many longs have been knocked out of position.
3. Medium and long-term price in the upside.
4. The $10500 hi has never been tested.
5. CME Gap at $10080, but big gaps can wait... Small gaps close more often.
Here's to continuing the fall:
1. Halving's happened, no need to drive the price up. Everyone who believes in it, everyone is already in the "rocket" to the moon.
2. Growth from $3600 to $10100 has not even corrected by 38% ($7600), which is necessary for a "healthy" continuation of growth and break-down of the upper zones (but do not forget that there is a Tezer Mafia, which contributes to the "organic growth" of Bitcoin).
3. The price is currently traded at the peak of volumes at $8850.
The 3-day rang is already forming. Maybe there'll be an impulse in the next few days. Here is a warning for you to be morally ready: if this rang goes down with an impulse, then the longs up to $7150-7300 bear great risks. All points of entry into the longitude above $7300 will be knife catching, and most likely your stop loss will be washed away. It's better to wait "on the fence". It's better not to shorten your way up to $10150. It's the same principle.
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BTC/USD (Potential Push Up?)BTC/USD
-the market structure on the daily remains bullish
-holding above the 20MA and 200MA as support
-upward trendline support still intact
-we have not made a lower high and clear lower low yet
-there is a chance we could see a bounce up
-to the fill the CME gap up to 10k
-if we get the 10k gap but failed to break above
-and drop below trendline support
-daily structure will turn into a bearish market
-yesterday candle closes green
-the technical view is bullish to slight bearish
BTC/USD (1 Last Chance for the Bulls?)BTC/USD
-false breakout yesterday
-but still manages to hold current support levels
-must not break local support at 8.8ks
-KS CROSS Ultimate Indicator still acting as support
-no major red flag on the indicator yet
-last Long signal was triggered on the 23rd of April
-technically, the priority remains to the upside
BTC/USD (Bullish Weekly Pattern?)BTC/USD
-weekly candle must close bullish
-must hold immediate support at 8ks
-must keep trading above 20ma
-if failed to break downward resist line
-must consolidate and challenge to break higher
-next upside target is key resist area at 10.5ks
-no major red flag on the weekly
-we might expect minor consolidation for few days
-priority is to the upside
BTC/USD (Failed Breakout?)BTC/USD
-Bitcoin is back inside the sideways channel
-Failed to break key resistance at 7725s
-Must hold immediate support at 7550s
-If the current price level will hold
-BTC may retest the High at 7700s
-Bearish side, if 7500s fail
-Our next support is at 7380s
-Market sentiment is Bullish to slight Bearish
BTC/USD (Bullish Breakout: 8100s next target?)BTC/USD
-Broke key trendline resistance
-Bullish closed above 7400s
-New immediate support is set around 7300s
-Priority is now to the upside
-Next key sell target is at 8100s
-We need to see further follow-through
-To confirm stronger present from the Bulls
BTC/USD (Bulls Holding Critical Support)BTC/USD
-Bitcoin is holding above 50MA for the 2nd day
-Must close daily candle above 50MA & 20MA
-Ascending trendline support keeps the bulls alive
-If BTC can hold current price levels for the next few days
-There is a chance we could see a minor rally to test 7.2k
-Bearish scenario if the price closes below trendline support
-A drop down to 5.8k is likely to happen
BTC/USD (Last Chance For the Bulls?)BTC/USD
-Bitcoin failed to hold 7k dollars
-a retest of 200MA on the 4H chart
-floating above the ascending trendline of support
-RSI level is below 50 which is a bearish zone
-Last for the bulls is to keep the current price level at 6.8k
-if trendline support and 200MA break
-we could see BTC drop to 6.2k-5.8k
BTC/USD (Bullish descending channel?)BTC/USD
-Bitcoin failed to break downward trendline resistance
-but manages to trade inside this bullish descending channel
-200MA is acting as dynamic support on a 4H chart
-technically, Bitcoin is on a 4H downtrend
-key immediate support must hold is the 6400 area
-if current price failed, next key support is at 6200 zone
-trading inside this channel is shorting the top and longing the bottom
-using tight stoploss on every trade
-as long as the price remains inside this channel, trading is choppy