BTC CME GAPBTC is currently sitting in between two CME Gaps at 34k and 21k. Which one do you think CMW would easily magnate?
BTCUSD03F2025 trade ideas
BTC Long, bottom or another bear trap?28.5k is the invalidation line for continued bull momo. Close below it on the dailv and I think BTC either sees another bear trap/ deviation to 26k followed by a bull reversal to 37k. If the bear trap is set it is extremely risky to play. If it fails, BTC could hit at least 23k for AUG and 20k to 18.8k for SEP because both are statistically red months during the recovery phase of previous bull runs.
However, there is a minor bull case for the bulls considering we are at the bottom end of a linear regression trend from the bottom at 16k to the current price.
Nonetheless, I do expect volatility soon.
Trades:
Trade 1
Long 28650, sl 28000, tp 30500, 32000, 36500, 40000
Conviction moderate. High chance of getting stopped out if 28.5k keeps getting tested and removing liquidity from that region.
Trade 2
Long 26300, sl 24000, tp 30500, 32000, 36500, 40000
Conviction high. Lowered chance of getting stopped out and if a bear trap were to occur, this is the ideal entry.
Trade 3
Short 30500, sl 32000, tp 28500, 26500 (close here if there's bull volume), 24500, 21000, 19500
Conviction moderate. Might get front runned ~29.5k. but use this trade as a hedge against another false rally that leads into a bear trap ~26k, or even worse at 20k if theres no bullish volume for the expected trap.
Bitcoin makes its move soon, before NovemberInteresting enough, shorts remained untouched these last few days.
Bull Scenario
4 days above Red Moving Avg. #BTC Hasn't done that in a while.
RSI formed Positive Divergence.
Bear Scenario
Short term trendline up ahead
Will that break or will 25k attract #bitcoin again?
Will have answer before November comes around.
MIL:BTC
Bitcoin - Nobody expects such a move.3 month liquidity hited. Level 31730.
6 month liquidity hited. Level 31730.
these levels also coincide with the fibonacci level. this is the seller's discount zone 0.5%
What is interesting is that the monthly high was also taken out, by the previous maximum.
There is still a gap below that needs to be covered.
Nobody expects such a move.
Recently, miners have put bitcoins on exchanges to hedge, I don't know how to find this information correctly.
There is no greed in the market, but there is some liveliness of the market, I started to hear a lot about 32 35 40 thousand dollars for bitcoin from some young analysts.
These are all thoughts in the ear, if you have an alternative opinion, please write.
$BTC looking better, still in a channelCRYPTOCAP:BTC is chugging a lil more.
Volume is good but not great.
RSI is going higher, that is also good.
Had a nice inverse Head & Shoulder that it recently broke out of, signifying SHORT term bull.
Signs point to betterment!
Conclusion
This can drag for a bit & force the blue trendline to move up to the 25k support, which was also in June.
We may get a flash dip & resume the upward movement.
Can Bullrun Start Without Gap Fill? 🌄🕳️ The Gap Dilemma: Price gaps occur when there's a notable difference between the closing price of one trading period and the opening price of the next, often seen on the charts as a "hole" in price action.
🔍 Gap Filling: Traditional market wisdom suggests that gaps tend to get filled, meaning that the price revisits the gap area and trades within it. In Bitcoin's case, this could mean a retracement to fill a previous gap before further upward movement.
📈 Historical Anomalies: Interestingly, Bitcoin has shown a tendency to defy this norm. In its historical price data, there have been instances where significant bullish trends started without revisiting or filling previous gaps.
🌐 Market Sentiment: Bitcoin's behavior often reflects overall market sentiment. If there's overwhelming bullish sentiment, it might bypass gap filling and initiate an upward move.
🚧 Caution Required: While Bitcoin's past actions might suggest the possibility of such scenarios, it's important to approach each situation with caution. Market conditions can change, and historical patterns don't guarantee future outcomes.
💡 The Takeaway: Bitcoin's unique nature means it doesn't always conform to conventional market expectations. While gap filling is a common phenomenon, the cryptocurrency has demonstrated the ability to start bullish trends without revisiting these gaps.
In trading and investing, adaptability and a comprehensive strategy are key. Keep a close eye on market sentiment, technical analysis, and news developments to make informed decisions.
Remember, there are no absolutes in the crypto world, and flexibility in your approach is your greatest asset! 📊🚀
$BTC bounce WEAK, Seeing Positive Divergence BUT... Danger lurksCRYPTOCAP:BTC
As you can see, the volume on this bounce is mediocre at best.
This is not what bulls want to see.
The white line is a PREMATURE, SEEMS to be, trend.
Took some trades on last night, didn't post them.
(Personal level) Taking this bounce off already.
At 10x leverage = good enough.
If #BTC goes higher, whatever. If lower, we redo again.
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Daily
RSI hasn't moved. This means that there is no steam, endurance, strength.
BUT it IS showing a nice POSITIVE DIVERGENCE!
Means that the RSI is making HIGHER lows as #BTC falls.
We're very close to finding a bottom. There's maybe 1 more FLUSH of hands.
HOWEVER, BE FOREWARNED!
We're seeing weekly BEARISH CROSSOVER! (Circle)
$BTC weakening further with no sign, as of yet, of positivityAnother new recent low for $BTC.
This area is VERY IMPORTANT. VERY IMPORTANT!
Historically this area has been trouble for #BTC to break above once it has gone below it.
We are seeing positive RSi divergence but we never go by this, need to see a good trend first.
( CRYPTOCAP:BTC historical trading in this area)
IF #BTC gets a bump here with volume AND IF IT doesn't give back, then that is VERY GOOD!
But until that happens it is a trading game.
SO IF WE BREAK, look at the different colored blue arrows.
We all know #bitcoin is a mover when it wants to be so these are JUST GUIDANCE.
SMALL ACCOUNT CHALLENGE 👻On 6/30, I created a small capital account ($180) for daily trading, and I will share the results weekly on the same post
There are three targets for account: 1k, 10k, and 100k
Let's see what happens.
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In the end, I'm just sharing my results and what I post for my own purpose NOT designed to be taken as ADVISE
VOL Profile & Gap levels This is my Chart for the rest of the year
Gaps too break lower and higher
Think we tag & fill USDC gap lower before the Luna gap down from 2021
POC yearly retest and bounce
Trend flip seems too be forming will update Binnace futures chart next
$BTC smart moneyYou need to know the truth.
Whales need to dump, capitulation price, break longs and weak hand first.
The smart money point its around 20800-17k.
After shake all weak hands, destroy all leverage and borrows. Price go up, be ready.
BTCUSD: A Bearish Deep Gartley Has Staged BTC to Return to $6065This is a followup to the previous Bearish ABCD trade; BTC has officially with PPO Confirmation, has reversed from the PCZ of the Bearish ABCD to which I later realized the ABCD was part of a much greater Bearish Deep Gartley, and now we are below the 200-Day and 200-Week SMAs along with that we have broken below the demand line of an apparent Rising Wedge Pattern all at a 23.6% Fibonacci retrace which is a very shallow and weak retrace to have this all occur, but that only means the move back down will likely be much deeper and stronger.
We can consider what we initially got at the 0.786 PCZ of this Cypher as a Type 1 Reaction, but now it appears that price has been preparing itself to make a Type 2 Return, that will most likely take us to the Cypher HOP levels this time around which would land us at around $6000 once we hit that zone I will look for signs of Bullish PPO Confirmation before then anticipating a V-shaped recovery that should take us to new all-time highs.
There of course is a scenario in which instead of making a lower low to the HOP we just bounce back up again at around 16k and that was where my previous projection took it but upon taking in more of the weekly data I have concluded that 6-4k is more likely especially if we start getting super fast movement down week after week but if it is instead a more calm decline that gives us a clean double bottom with some PPO confirmation around 16k instead then I will jump in early; until then I see 6-4k as the most likely target.
For reference, I have included the link to the original Bearish ABCD chart and projection below as we may swap back to the original projection depending on the price action we get leading to both the original 16-12k Target and the new and current 6-4k target:
BTC stop huntingThere is a large area of thin volume on the market profile of BTC's sudden drop over the past couple of weeks, possible stop hunting areas will be 2x the daily range than usual as volatility has increased.
A gap is visible in the CME 5day chart this would be a good area to trade long into and then short the top once filled, this also lines up with a 200D retest
Short Micro BitcoinSell August micro bitcoin at 25780 stop, if filled, Target 1 = 24800; Stop Loss = 27650
BTC GAP FILLEDWe have been talking a week ago, about how to close the CME gap opened by BTC. Well the big hands have found a good excuse to do so with the Grayscale ETF. Congratulations to the traders.
We Have Our Answer!Traders,
A few posts ago, you will see that (2) two gaps were being focused on. The question was posed about which might be filled first. Many of my followers understand that my bias was to the upside gap being filled first. Thanks to the Blackrock ETF approval, this has occurred. And, as I stated in my video yesterday, I have unloaded 50% of ALL my positions (alts included), taken profits, and moved my stops up to break even. I will let the remainder ride for now and hopefully take the rest off at the 50 day ma of the SPOT BTC chart which intersect exactly with the bottom of that important support (now resistance) which I talked about in yesterday's video at 28,750. If we don't hit that and I get stopped out instead, no issue cuz I move all my stops to break even and will take no loss now.
There still remain (2) two unfilled gaps: one at 20,290 from March of this year and one at 35,180 from May of last year. I still believe both will be filled soon. Stay tuned for more on this unfolding price action as, through charting research, I hope to gain a better grasp on how it will go.
Stew
$BTC gets great news, let's see how far it goesWas not going to post this but... Like clockwork, again.
We noticed a slight BULLISH bias for $BTC. Even mentioned that there's huge demand for #crypto related #stocks.
#BTC gets positive news today.
Grayscale wins lawsuit against SEC for #bitcoin Spot #ETF.
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CRYPTOCAP:BTC is once again making case for BULLS short term.
We'll see.
4Hr RSI getting stronger & can be seen on daily.
Longer term #BTC has a GREAT case for bulls.
However, don't be naive.
Current area is not the best place for #bitcoin to build SUPPORT levels, 25k is much better, BUT it CAN!
BTC CME GAP IDEAS 📊💡In the world of cryptocurrency, Bitcoin (BTC) stands as a cornerstone, continuously captivating the attention of investors, traders, and enthusiasts alike. As we venture into the next few months, the Bitcoin market is marked by both excitement and uncertainty, presenting a myriad of possibilities for those willing to navigate the ever-shifting tides.
Bitcoin's price history has been a rollercoaster ride, and this could continue in the short term. A scenario of consolidation and heightened volatility is entirely possible. Regulatory changes, macroeconomic events, or unforeseen market sentiment could lead to periods of sharp price swings. Traders should be prepared for both upward and downward moves.
Bitcoin is not an isolated asset; it's influenced by global events. Geopolitical tensions, economic shifts, and unexpected developments in other markets can have a significant impact on Bitcoin's performance. Keeping a close eye on these external factors is crucial when trying to anticipate BTC's trajectory. For instance, the Securities and Exchange Commission (SEC) is expected to weigh in on multiple Bitcoin ETF filings in the build-up to early September deadlines.
I have outlined a couple of scenarios on the chart. While I don't expect Bitcoin to follow these scenarios precisely, they serve as a framework to understand possible short-term price movements.
Stay Tuned for Updates: We will continue to monitor key macro events that could significantly impact the cryptocurrency markets in the near future. These events may provide us with more clarity about Bitcoin's trajectory.
Please note that the advice you receive about cryptocurrency should always be taken as guidance and not as definitive instructions on what to do. Investing in cryptocurrency, like any other type of investment, involves risks, including the loss of capital. Always conduct your own research and consult with a financial advisor before making investment decisions.
$BTC good long term case BUT where does support form?Long term BULL + Short term BEAR case
CRYPTOCAP:BTC is once again making a case for BULLS, at least short term.
We'll see what happens.
The 4Hr RSI getting stronger & can be seen on daily charts.
Longer term #BTC is making a GREAT case for bulls. But can take some time.
However, don't be naive. The current area is not the best place for #bitcoin to build a SUPPORT level, 25k much better.
BUT, it can, of course.
These are support levels for CRYPTOCAP:BTC to build upon.
For BULLS, 25k is BEST. However, it doesn't kill cause if it goes lower.
23.5k can be satisfied by the trend line.
Gap top is 21k & the Gap bottom is 20k.
Don't think the SUPER LONG TREND is in play, white lines, but who knows.
#TOBTC #LQR #BTC CMEin CME markets these gaps are plays as resistance
first re-action Price is gona be long bar shadow and than main reistance PRZ on 23800
Hopium or possiblities? $BTC Above $35k by april 2023 Hopium or possibilities? $BTC Above $35k by April 2023
- Closes down the gaps
- Liquidiates all shorts
Might touch near $50kish?
Projections into the future...Elliot Wave Count and FibonacciA rough idea of what *could* play out over the next few years..
I see 2 scenarios in the near-term, first being this fractal
OR, roughly what I've outlined in the chart here.. this would make sense to me, grabbing liquidity at inefficient zones (gaps) above and below, shaking out weaker hands, before moving higher and beginning a new bull run..
BTC - 1d. GAPBroke an important trend line on 1d and formed a gap.
In technical analysis, there are different options for price gaps and their interpretation is different.
In this case, it hit an important trend line.
As a rule, these appear during the market reversal.
For a further significant price increase, it is necessary to fix back above the trend line and close the gap.
While we are trading lower, the priority is to decrease.
The next important support is MA200 and - 0.5 fibo level ~ 23690.
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