BTCUSDC trade ideas
Retest 9700-9900 To Fill CME GapMore often than Not if there is a Gap in the CME Futures Charts it will usually be filled one way or another.
Look for a retest of the 9700-9900 levels to fill Gap.
I know, this isn't a CME chart.... Didn't realize until I was almost finished. My apologies.
God Bless Bitcoin BINANCE:BTCUSDC
Can Bitcoin break out 9300?In the weekly chart, Bitcoin is showing a descending wedge. Current price is under the pressure of the threshold around 9300.
The reversal since this March is powerful, but I don't consider the chart as a pennant. In the past 4 weeks, it has been hesitating for too long to be a pennant.
The future 4 weeks are quite a decisive period for Bitcoin, if it fail to break out 9300, it'd most likely to retest 8000.
BITCOIN WAIT BUY OR LONG TARGET UP TO $12500BTC had a very good sign of forming an ascending triangle, BTC had a fake out and suddenly dropped due to the news of a covid
vaccine, but now the signs are good for the rising triangle, waiting to buy in $ 10350.
BTC waiting buy : $10350
BTC target : $12500
stop loss : $9800 after bought .
Wish you good deals!
Slowly waiting for the breakout zzZzzZzzFed is buying bonds and ETFs at 5 year maturity rate leveraged 10:1 by the treasury
Fed is taking on debts of small cities with population 500k or less
Lending out billions of dollars to EU.
Market is stimulated by ghost money, happy investors happy to spend money on many assets, creating a fomo bubble that will probably end up parabolic and explode.
Out of the ashes, bitcoin pops up, wings flappin, caw caw. Or blockchain was a testrun by the communists and it will go down and be replaced with a governmental approved blockchain coin.(gold as reserve if they are kind)
ETA 1-5 years.
Trump wins, dont want to look bad so he lets Powell print money and buy etfs(which he owns $12m of personal money in Blackrock ETF and $16m with Goldman sachs, yikes), ruin the economy down the line, devaluing dollar, shit goes boom.
OR a second corona wave comes 'online' and we truly have a recession/depression on the line. If so this rally(and SPX) was a dead cat bounce for sure.
50/50 bear/bull on crypto and regular markets atm, if we go above this little pause we are having across the board then its 90% long bias.
