Crash Alert! Fed Rate Decision Could Drop Bitcoin!Bitcoin is consolidating at $58,680, but here’s what to watch for:
There's an unfilled gap below, which could be closed if bearish pressure increases.
The Federal Reserve is on the verge of a major decision — if they cut rates by 0.5%, we might see a sharp drop in Bitcoin.
Current market consolidat
BITCOIN SHORTLooking to short bitcoin here. We have a 2 week bearish order block that price has tapped into. It hs bought into the 4H resistance of the current 4H downtrend. on a lower time frame it seems to b creating a higher low which grabbed equal highs. If I can get confirmation I will short here. If price
BTC - Fighting Resistance
Again another picture perfect prediction thanks to the amazing analytical tools of Viaquant.
In our last post we laid out the two scenarios that were most likely to happen with the rate cut decision. The first scenario we laid out was the one that ended up playing out and we got the pop from $60
$BTC need to fill the gap ~65.5K - small pull back - shortPer ICT principles , + 150 SMA just crossed in the BTC
The BTC will go up until 65.5K and the a pull back to 150SMA for the entry
Expired BTC.USD Weekly outlook. 3rd WK SEP 2024Expired BTC.USD Weekly outlook. 3rd WK SEP 2024
> BULLISH 📈 HIT
Prior Week Closed Price: 60,579
This Week Target Price: 61,699
Strike Price: 62,501 on SEP 18, 2024
Upper Range: 64,783
Lower Range: 58,616
BTC - Rate Cut ScenariosHello traders,
Briefly I wanted to give my thoughts on what we might see develop with the price action of BTC today. No matter what I believe these rate cuts will lead to the continuation of the bull market in the macro structure but it is possible to have a short term pull back before.
We are vi
Points of Interest on BITCOIN before FOMCI'm watching the price action closely today as we approach the CME gap at $61.5k.
We have not yet taken the previous high on the CME chart. The gap is still open a little bit. We've also accumulated some liquidity at about $57.2k. It is also wednesday, which is know for it's trend reversal.
Tea Anyone?Massive Cup and Handle perhaps? It looks like Bitcoin might be ramping up into the election season and might even tease some new highs. This is a nice looking setup. A trump victory in November would more than likely push bitcoin into some uncharted territory. The election will be a major swing fact
CME Gap at $54k on the 4hr BITCOINPlease take into account in your analysis that Bitcoin has a CME gap at around $54.2k.
CME gaps are usually closed by the price moving towards them. This is on the 4 hour time frame and not as small as a gap with around $500 in spread.
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Frequently Asked Questions
The nearest expiration date for Bitcoin Futures (Jun 2019) is Jun 28, 2019.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Bitcoin Futures (Jun 2019) before Jun 28, 2019.