CME - Showing Early Signs of WeaknessThis move has played out picture perfect. Please check out "BTC - Next Week Expectations" to see the prediction vs reality.
Upon open of CME we created a gap that is currently around the low $28k region. If you have been watching CME you knows these gaps like to be filled. We are also finding resistance at overbought conditions on our 4H RSI (red circle).
In our previous post we pointed out how we would most likely get a short squeeze and break our last micro high of $29.2k so whales could soak up all the liquidity from such a squeeze. So far we did break above that high and have seen the bullish momentum of price action start to stall in this zone (most likely longs getting trapped/ new shorts being filled). Price could remain bullish up until Wednesday and maybe even test close to the $30k region. Please be warned to use extreme caution with our opening price action this week. Looking for shorts in this range look more profitable than longs due to the overbought nature of the 3D and lower timeframes.
BTCUSDM2025 trade ideas
$BTC breaking out on decent volumeCRYPTOCAP:BTC is breaking out on DECENT volume!!!
Last week we said we expected a break of some sort this week. We did have a BULLISH bias! Let's see how it goes!
FYI
We need an uptick in volume for #BTC within the next few hours and a CLOSE above blue line for confirmation.
Bitcoin maintains trajectory, move VERY SOONCRYPTOCAP:BTC maintains the trajectory
This will happen SOON:
#BTC breaks RESISTANCE
OR
Red Moving Avg give way
IF:
Resistance breaks, Red dotted lines = targets
MA breaks > Green Mov Avg > Green breaks > 25k > doesn't hold then likely gap fill = damage to bull but still hope
Bitcoin stuck for now, but should hold support on dipsDisclaimer:
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BTC CME GAP at 20K?A CME gap refers to the difference in price between the closing price of a financial instrument (such as Bitcoin) on the Chicago Mercantile Exchange (CME) and its opening price when trading resumes after a weekend or holiday.
Some traders and analysts pay close attention to CME gaps in Bitcoin, as they believe that these gaps may act as support or resistance levels in the market. However, it's important to note that not all CME gaps are filled, and that the market can move in unpredictable ways.
That being said, CME gaps in Bitcoin have gained a lot of attention in recent years due to the cryptocurrency's volatile price movements. Traders and analysts often watch for potential gaps that may be filled in the future, and use this information as part of their trading strategies.
BTC could go to 35k and fill the gapHi there! I want to share my opinion with you which is about bitcoin futures (code: btc1!).
As you can see from the chart, btc fall to and got support from fibonacci 0.786 level (18k) since Jun 2022. Then the price raised up and go down from previous low and resistance level 25k, and after FTX collapse btc broke the previous low level and hit a new low since 2020. And we all know but since Jan this year everything changed, btc raised rapidly and broke through the bottom, after the price broke the wedge and by the fomo and short squeezed, though many banks bankrupted but the price continued go up and created a new high since Oct 2022.
Currently btc is trading near the resistance level and I expect that the price can go down from it and go to support level to retest previous high from the head and shoulders pattern. And I think btc can grow from the support level and break local high and reach the gap area which is also fibonacci 0.382 resistance level of 35k. Based on these reasons, I set up 2 targets located at lower edge of the gap $34500 level and fibonacci 0.382 resistance level $35700.
This is my opinion, and I really hope it will be useful for you. This is not financial advice, always do your own research. Please support this idea by click the boost and comment, thank you ;)
$BTC is going to be "squeezed" SOON + Weekly & Monthly dataDaily Chart
1 will give way It will be wither the Blue Resistance line above or the Red Mov Avg underneath
We stated LONG ago that there was a chance $BTC could pullback before any move higher
Weekly Chart
#BTC not showing much
Does have WIDENING BULLISH moving avg crossover
Monthly Chart
#Bitcoin trading above moving avgs
#Crypto