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MBT1! trade ideas

Are the Bitcoin bulls and bears right?Bitcoin has been the top performing asset in the world and by far the greatest. With bitcoin attempting to be the world’s reserve asset, are the bulls accurate to say that 245K is the Top while the bulls are saying 85K is the Low? Both can be right, and there lies the confusion. Elliott wave enthusiast may say we’re in a fourth wave correction leading to the top of the market. The four wave may actually go as deep as 85k as the bears predict but may also be the wave leading into the top $245k as the bulls predict. Somewhere in between the two lies the answer.
CME:BTC1!Long
by ParabolicP
BTC Futures Analysis: Key Levels, and Potential ScenariosBig Picture: BTC Futures reached a new high at 108,960 last Tuesday Dec 17, 2024. FED rate decision and 2025 rate cut projections tampered down from 4 to 2 resulted in market sell-off. BTC futures were also down reaching a low of 92,355 on Friday and closing at 96,600. CME Futures halt early tomorrow and are closed on Wednesday Dec 25th, 2024 for Christmas holiday. We also have a very light economic calendar. Lower liquidity during the holiday period may push prices in either direction. Key Levels to Watch: Nov 18th Week Hi: 101,110 Dec 10th Low: 94,785 Last Week Low: 92,355 LIS (Line in Sand) for short-term bulls: 92000- 90,000 support zone. Scenario 1: Consolidation Above Key Support BTC futures further consolidate between Dec 10th Low and Nov 18th Week Hi at 101,110. Price did not close below LIS last week. As long as this support holds, price holding above 94,785 may provide a setup towards 100,000- 101,110. Scenario: 2: Breakdown below LIS Break down of LIS will see a deeper pull back towards 78,000. Here it will be a wait and see approach for BTC futures to hold below 90,000 mark and expect further downside if buyers fail to push prices back above. Disclaimer: The views expressed are opinions and should not be interpreted as financial advice. Derivatives involve a substantial risk of loss and are not suitable for all investors.
CME:BTC1!
by EdgeClear
BTCUSD IN SELLING ( RINING WEDGE )The rising wedge pattern on BTC/USD is a bearish reversal formation that typically occurs during an uptrend. It's characterized by two converging trendlines, both sloping upward, with the upper trendline being steeper than the lower one. As the price moves within this narrowing range, trading volume often decreases, signaling weakening buying interest ¹. In the context of BTC/USD, a rising wedge breakdown could trigger a significant correction, with a potential downside target near $90,765, representing a 14% decline from current levels ². The Relative Strength Index (RSI) remaining elevated near 64 also suggests overbought conditions, which may amplify selling pressure if bears take control ². To trade this pattern, consider the following steps: - Identification: Confirm the presence of a rising wedge pattern by drawing trendlines connecting the highs and lows. - Confirmation: Wait for a breakdown below the lower trendline, accompanied by an increase in volume. - Entry Point: Consider entering a short position once the price convincingly breaks below the lower trendline. - Stop-Loss: Place a stop-loss order above the upper trendline or a recent swing high to manage risk. - Target: Estimate the potential downside target by measuring the height of the back of the wedge and projecting it downward from the breakout point
CME:BTC2!Short
by FXBELLA001
Bitcoin Futures Confirming 3 Drives of Bearish Divergence In the recent analysis of futures on the daily timeframe, a technical pattern known as the "3 Drives of Divergence" has been confirmed, signaling a potential trend reversal. This pattern, often associated with strong bearish momentum, has been observed with a divergence in the Relative Strength Index (RSI), further supporting the bearish outlook. RSI Divergence: The RSI, a momentum oscillator, shows a bearish divergence where the price makes higher highs, but the RSI makes lower highs. This is a classic sign of weakening upward momentum, often preceding a price decline. Key Levels: Reversal Pivot: If the price closes below 97K on a daily timeframe. This pivot is critical as it is the last resistance before a potential downtrend. Target Futures Gap Fill: Historical price action suggests a gap in the futures market that might get filled. This target zone, marked on the chart, could act as a price magnet for Bitcoin if bearish pressures continue.
CME:BTC1!Short
by RSI_Trading_Concepts
Mean Reversion CME GAP at FOMC -> Pump until BOJ Rate DecissionHello guys! I will share a mean reversion idea on Bitcoin with you today. I expect Bitcoin to close the CME Gap, that got made at the beginning of the week. Currently we are very close to starting the recovery process. The CME Gap closing aligns very good with a mean reversion to the 50EMA on the 4hr timeframe. This could be an indication for a trend continuation of Bitcoin to the upside until friday when the Bank of Japan (BOJ) will decide their rate policy. We will look into the chart from a new perspective on friday so take this trade idea as a short term one. I mentioned in the chart that we have an unrecovered pink vector candle at the top. This could be an good area to aim for in the reversal process to take profit. With good execution this could be an good trade from 102k to 108k. Me personal, I don't think we will see a rate cut and if so only a small one. So nothing that will shake the markets to hard. I hope. Trade SAFE!
CME:BTC1!Long
by reports20netrust
Bitcoin’s bullish break generates fresh long setup Bitcoin futures have opened the new week on the front foot, talking out the former record highs at $105325 before extending the move as Asian markets come online. RSI (14) has broken its downtrend while MACD looks like it may crossover from below, suggesting bullish momentum may be building again. While the price signal is definitive, we’ve not seen pickup in volumes accompanying the bullish break, making the preference to wait for a retest of $105325 before initiating long positions, rather than simply buying around these levels. If there was pullback and bounce from $105325, it would improve conviction in the setup, allowing for longs to be established above the level with a tight stop beneath for protection. If the trade were to move in your favour, the preference would be to wait for a topping pattern or signal to determine whether to hold, take profit or reverse the move.
CME:BTC1!Long
by FOREXcom
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