CME gap closedCME gap now has been closed , next area im looking at would be 18k , that breaks things going to get crazy.
Most likely we will be a boring market rest of month , dont expect any major crashes till end of june 2023
MBT1! trade ideas
Bitcoin to The Moon >>> End of Bearish TrendBTC break the Falling Wedge Pattern, price may drop to the Gap Area and then go in a Bullish Trend
#Fibomic
#Bitcoin
BITCOIN >>> End of Bearish TrendBitcoin in retesting the 0.50 - 0.618 Fibonacci Golden Ratio near the previous gap.
A possible reversal candlestick pattern will be an indicator of the start of a BTC uptrend, in the event of celebrating Halving Moment
#fibomic
#Bitcoin
#BTCtothemoon
BTC looks again good for next Bull RunBTC looks good again for best buy with small stoploss and bigger target for this year.
This is just for my own education purpose.
Not a buy or sell recommendation.
bicoin breakdown analysisdear trader btc was too low last month and he start this month with losing more pips
i see a bove 20355 you could take a but target will be at 20990 until 21825
and if he break below 19530.00 you should take a sell short until 18790.00
best of luck trade safe
2023-03-04, BTC CME FUTURES 1W (ACCUMULATION)This is the updated chart for references of accumulation phase.
BTC WITH ELLIOT WAVE, CME GAP, AND FIBONACCIBTC/USDT BTC1!
BTC WITH ELLIOT WAVE
NOW BTC IN CORRECTION WAVE
You can guys can choose
Long : we can entry in fibonacci cluster 19.210
Short : We wait BTC finish the wave B correction
BTC still drop again, because CORRECTION WAVE NOT FINISH
This my idea, hope can help you guys
Thanks before!
Now what $BTC?The bull case is not done for #Bitcoin but it has been hit hard this last week.
Long ago we mentioned that #btc could pull back a significant amount and still form a bottoming process. The 18,500 area could serve as a right shoulder for an Inverse Head & Shoulder pattern. If it can form this and break the neckline with good volume that was signify at the end of the bear.
Doesn't mean we have to go there but that would be the worst case scenario. We could also form the shoulder in this area where the Gap was just filled. Time will tell. But a lot of damage has been done and it may take time to heal.
A while ago we mentioned that the bear market was done but did notice that the RSI was very weak and the volume wasn't the best either. So why the call was premature noticing those two things were a key.
BTC CME Gap- Fast update.
- Wait for CME play the GAP before entering any position.
- Stay Safe
Happy Tr4Ding!
CME gap filled Bearish flow 4hrImagine this bounces Industry is under a lot of heat
innocent players getting the brunt of it 4hr is bearish
Imagine this bounces at some point
Just gotta stay alive
its not okay to not try ideas
lessons learned
cut losses early and often
but this gap is filled let the structure and flow play out
$BTC OVERSOLD & filled GapCertainly took it sweet time but #Bitcoin finally filled the gap
NOT TOO LONG AGO WE STATED THAT THERE WAS SOMETHING WRONG WITH #BTC BUT COULDN'T PINPOINT WHAT IT WAS.
Over the last couple of weeks we've been saying that sell volume has been more prevalent than buy volume for $BTC.
While it wasn't heavy it was still interesting to see sell volume picking up.
Today the volume was pretty heavy very little informs of buying a lot of damage was done today in many markets
Bitcoin CME (Future): ...Inevitable drop after that!Hi everyone!
I know that there are not many people here who use the Future, but our goal is to always look for new information, in this case, it is possible, after the rally, an approach to the GAP. I don't know if we can close it, but knowing that the market will try to do that is already something useful, right?
I don't have the crystal ball yet (Amazon is a bit late in delivering 😢😊), but I think this drop might appear on our charts soon...
I'd also like to know your opinion about this my idea, especially if you don't agree (...you never stop learning, and I'm always ready for that!)
PREVIOUS ANALYSIS
(Click & Play on Chart below)
Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖
Cheers!
N.B.: Updates will follow below
$BTC broke 21k-ish & GAP Support is nextWe're @ the MOST important level for BTC since we stated long ago that the 24k level would be an issue.
Now we're closing in to the 20,500 level & IT MUST HOLD. If that doesn't hold we're looking @ a gap fill & possibly lower. The next level is 20k.
#BTC is entering oversold territory. We have mentioned previously that we were almost there.
Interesting enough $TOTAL 3 (no $BTC or $ETH) is holding pretty well!
#ETH is not oversold but it is getting there. It's almost @ support level.
#bitcoin is leading is lower move. Need to keep an eye on #ethereum & also #altcoins to see how they behave over next day or so.
Still sitting on $ and waiting this out to see how far it goes.
$BTCUSD: Bitcoin could have peaked hereThere's two distinct possibilities here for crypto, Bitcoin topped or it will go sideways to coil for the next big move to the upside, likely for 7-8 weeks, or a few more months...This is not the type of juncture where you wanna be heavily involved, and if you are I would consider hedging with OTM puts for 8 weeks, or selling calls OTM for that long.
Shorting is ok but I rather not short crypto, rather just move to cash and watch.
Best of luck!
Cheers,
Ivan Labrie.
$BTC showing SIGNS of recovery on INTRADAYSaw nice looking DOJI last night on 4HR $BTC but it lacked volume
On 1Hr today we can also see some signs of recovery with some buy volume beginning to come into #BTC.
IMO the $SI fiasco should not be an issue per say. However, we see regulators encircling like vultures over the crypto world & that can leak over via regulation.
We noticed yesterday that many #altcoins were OVERSOLD & #Bitcoin is very close as well.
BTC High Timeframe Analysis Bullish case: golden cross, CME gaps at 29k and 35k.
Bearish case: long-term bearish continuation on OBV, CME gap at 20k, strongest area of support between 9.3k<->11.85k.
$BTC has lost a lot of steam over the last week$BTC has lost a lot of steam lately
Breaking another trend, yesterday
#BTC Sell volume has been decent, big chunk of the buy volume is GONE
We now have a BEARISH moving avg crossover
If we bounce @ any time the dotted line is eventual target
Even #altcoins are dead
#crypto
Two possible paths for BTCwe could break up and continue to move higher but i would assume IMO that we will continue accumulation for a while as big players begin building based for the upcoming bull market.
The RSI is holding above its ema, Watch for break below the RSI's EMA
bitcoin march 6th 2023here is my chart with a bunch of draws and add-ons
we will see where this goes over the next few hours maybe two days
I am entering at 22000
and pushing to 24500
or this chart will be crap... lol
March 6th 2023 Bitcoinhere is my chart with a bunch of draws and add-ons
we will see where this goes over the next few hours maybe two days
I am entering at 22000
and pushing to 24500
or this chart will be crap... lol
BTC - Something bullishEverything looks good that we have climbed to the 4th hunting peak. Now the bulls are waiting for increasing short positions and waiting for the perfect moment to jump on the 5 up train. I think after this event, if it happens, we should continue to monitor the market and its psychology, because the paper hands will take everything as possible. Next I believe a hammer to 19k or at least a 25k correction.
2nd Post, after Intraday $BTC post, daily chart for Bitcoin2/2
As you can see by CURRENT TREND the moves are getting LARGER
Intraday $BTC has that bear flag formation BUT daily #BTC trades along that current trend
IMO daily > Intraday
#bitcoin going through consolidation phase
Will know direction soon, likely higher
#crypto
