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BMC1! trade ideas

BTC held the 44kish call for 2023, 48-50k next before pauseGood Evening/Morning! The call for CRYPTOCAP:BTC topping around the 44k range for 2023 was GOOD! 1st trading day and #bitcoin rips higher! How's that for coincidence, huh? The call for #BTC being in a temp pause & in a CONTINUATION pattern was GOOD! IMO, the next level that #Bitcoin is most likely to test is the 48k with a good possibility of hitting low 50k area. Let's continue....... The RSI is still trending lower and $ Flow is not that great either. Things can change though... Why 48-50k? Arrows show the areas of resistance. Even after breaking above this staunch resistance area, 50kish, Bitcoin didn't trade very long above it. More on what we think later.... Still time... For more info visit our profile page...
CME:BTC1!
by ROYAL_OAK_INC
Insights into Bitcoin Futures as 2024 brings new regulations inIntroduction to Bitcoin Futures Bitcoin Futures represent a significant intersection of traditional financial markets and the innovative world of cryptocurrencies. They allow traders to speculate on the future price of Bitcoin, providing a way to hedge against price volatility or to profit from price movements. As we step into 2024, the potential approval of spot Bitcoin ETFs is poised to further transform the landscape for Bitcoin Futures. The Impact of Spot Bitcoin ETF Approval Spot Bitcoin ETFs are directly tied to the current price of Bitcoin (spot price). Their likely potential approval by U.S. regulators could have substantial implications for the Bitcoin market. Firstly, it's expected to increase market liquidity by providing an accessible avenue for traditional investors to enter the cryptocurrency space. Secondly, it could lead to greater price stability and potentially higher prices due to increased demand. However, it's also important to consider the potential risks, such as amplified market reactions to regulatory news and changes in the underlying asset. Parallel Analysis of Other ETFs To understand the potential impact of a Bitcoin ETF, it's instructive to look at the introduction of other commodity and currency-based ETFs: GLD (Gold ETF): Following the introduction of GLD, which is linked to COMEX Gold Futures (GC), the gold market saw increased liquidity and interest from new investor segments, contributing to significant price rallies. GLD Performance Chart SLV (Silver ETF): Similar to GLD, the introduction of SLV, linked to COMEX Silver Futures (SI), led to increased investor participation and price movements in the silver market. SLV Performance Chart FXE (Euro ETF): Linked to CME Euro Futures, FXE provided investors an easy way to gain exposure to euro currency movements, affecting trading volumes and price volatility. FXE Performance Chart USO (WTI Crude Oil ETF): Tied to NYMEX WTI Crude Oil Futures, USO's introduction affected the oil market by providing more access and potentially contributing to price movements during significant market events. USO Performance Chart Historical Implications for Bitcoin The history of these ETFs suggests a pattern: the introduction of an ETF could lead to increased market participation and, often, significant price movements. For Bitcoin, the approval of a spot ETF could similarly increase market participation and price volatility, at least in the short term. Over the long term, it could help stabilize and mature the market as more institutional investors get involved. Forward-Looking Insights Given the potential approval of spot Bitcoin ETFs, traders and investors in Bitcoin Futures might expect several scenarios. An immediate increase in volatility could be likely as the market adjusts to the influx of new participants. Over time, we might see a more liquid and stable Bitcoin market. Planning for a Risk-Defined BTC Opportunity: Risk Management : Experienced traders prioritize risk management. Using stop-loss orders or hedging techniques is imperative to avoid undefined risk exposure. Precision in Entries and Exits : Aligning entries and exits with relevant market price levels can help manage risk. When a price point generates a bounce, the trader stays in the trade; if a price level is violated, the disciplined action is to exit the trade promptly for a predetermined loss. Relevant Price Levels for BTC : Currently, BTC shows relevant resistance levels starting at 51,585 and support between 39,640-34,295. Proposed Trade Plan: ENTRY: 39,640 STOP-LOSS: 34,295 TAKE PROFIT TARGET: 51,585 This trade plan offers a 2.23 Reward-To-Risk ratio, providing a structured approach to capitalizing on potential market movements. In order to manage risk and use the right contract size, traders need to take into consideration the Point Value for BTC Futures being $25 per point. Traders should prepare for both the opportunities and risks this change could bring, considering strategies that allow flexibility and risk management. Conclusion The potential approval of spot Bitcoin ETFs in 2024 is set to make waves in the Bitcoin Futures market. Drawing parallels from the history of other ETFs, we anticipate increased market participation and potential price movements. As we navigate this evolving landscape, staying informed and adaptable will be key to capitalizing on the opportunities and navigating the challenges ahead. When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies. General Disclaimer: The trade ideas presented herein are solely for illustrative purposes, forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
CME:BTC1!
by traddictiv
$BTC_F: Bitcoin CME futures chart is strongBitcoin futures chart looks TREMENDOUSLY bullish... I was looking at protective puts in case of a negative SEC decision causing a black swan decline but this chart makes me think it's not necessary to buy insurance here. (although payoff was like 22 to 1 for OTM puts expiring by Jan 12th) If this signal here works, the 'Explosion Pattern' in the latest accumulation pattern suggests a 2 to 3x target range move within 13 trading sessions. Crossing fingers, let's see if this analysis is correct, weight of evidence across the board is with the bulls here. Cheers! Ivan Labrie.
CME:BTC1!Long
by IvanLabrie
BTC liquidation map Hello! I am still adhering to our previous idea, but with a slight emphasis on a new perspective. Instead of focusing on traditional analysis, let's pay attention to liquidity zones and potential opportunities for correction. Let's consider the liquidation map: we are focusing on 34k as a key level, where the largest liquidation of long positions is observed, estimated at over 6 billion! This confirms that the majority of market participants are still choosing long positions. And this is indeed a smart move, as our trend is long. We must act in accordance with the trend and not look for reversal points unnecessarily. But, as you know, I always strive to be prepared for any scenarios. Therefore, I have left a limit order in this potentially key area to be ready for unexpected market movements. 👉 Remember: flexibility and adaptability are the keys to success in investing. Stay tuned for updates!
CME:BTC1!
by CHOWTRADE
1
Lil more data on BTC and ETHAdding more to previous post Did not notice the CRYPTOCAP:BTC DAILY $ FLOW - Kinda gross, really fell off. #BTC RSI has been weakening for a bit, we've mentioned this few times. #bitcoin is once gain testing the Green Mov Avg. CRYPTOCAP:ETH RSI & $ FLOW, like BTC, is weakening. Volume has been trending lower. #ETH is still on an uptrend but it is facing pressure. Weekly, #ethereum is still okay but consolidation is very likely. #crypto Please see profile for more data. More info there.
CME:BTC1!
by ROYAL_OAK_INC
Bitcoin is Mooning and will Moon MoreEven though many investors are skeptical about the rapid rise of Bitcoin, from our perspective, the primary coin has established a stable upward trend that is unlikely to end soon. It is anticipated that there may be another pullback to the $38,000 range to fill the futures gap. Additionally, this area represents a zone of high liquidity. Overall, it currently appears that the price will subsequently continue its upward trend. Price targets are in the range of the all-time high (ATH) from November 2021 and potentially beyond.
CME:BTC1!Long
by Ochlokrat
Bitcoin Futures: A Quantitative Approach to Analyzing BTCIntroduction to Bitcoin Futures Bitcoin, the pioneering digital asset, has carved a niche in the financial markets with its futures contracts. Bitcoin Futures provide traders and investors a regulated avenue to speculate on the price of Bitcoin without holding the actual cryptocurrency. This article delves into a quantitative analysis to analyze the next week's potential value of Bitcoin Futures, employing a sophisticated Neural Network model. Current Market Landscape The Bitcoin market is known for its rapid price movements. Recently, regulatory news, technological advancements, and shifts in investor sentiment have contributed to market fluctuations. Understanding these trends is crucial for traders looking to navigate this dynamic landscape. Quantitative Analysis of BTC Futures' Potential Price Movements Neural Networks & Machine Learning: At the heart of our quantitative approach is a Neural Network model. This model has been trained on historical weekly data of Bitcoin Futures, including key price points and other relevant market indicators. Data Preprocessing: To ensure accuracy, the data underwent rigorous preprocessing, including normalization to make it suitable for the Neural Network. This step is essential in highlighting the true patterns and trends in the data without noise or scale issues distorting the model's view. Model Training: Our model was trained over 500 iterations, adjusting its internal parameters to minimize prediction error. This training process involved feeding the model historical data and letting it learn from the actual price movements. Evaluation and Prediction: After training, the model's performance was evaluated. The actual prices were compared against the model's predictions to assess robustness. This evaluation is crucial in understanding the model's reliability. Impact of External Factors Bitcoin Futures are affected by a range of external factors, including regulatory changes, market sentiment, and technological developments. These factors can cause sudden and unpredictable market movements, making the analysis of future potential prices challenging. Our model takes into account the historical impact of these factors, but it's important to remember that unforeseen future events can lead to deviations from predicted values. Forward-Looking Market Views Based on our Neural Network's learning and the recent market data, the model predicts that the value of Bitcoin Futures for the next week will be around "$44,026.60". This prediction is visualized in our graph comparing actual prices against predicted values over time, providing a clear view of the model's accuracy. Given the fact that the current value of BTC is slightly under 43,000, a trader could plan a long trade targeting 44,026.60 as their exit price. Entries could be taken in many ways such as utilizing key technical supports or waiting for breakouts above key resistance price levels. In all cases, a professional approach to taking risk in the marketplace always require managing such risk using stop-loss orders and making sure the trade size has been pre-calculated. There are many more options on how to have a contingency plan in place in case BTC moved in the opposite direction our AI expected it to. More on this in future articles. The model's learning curve, depicted in the accuracy graph, shows how the prediction accuracy improved over training iterations, reflecting the model's increasing proficiency at understanding the market. Conclusion Our quantitative analysis, utilizing a sophisticated Neural Network model, provides a prediction for the next week's value of Bitcoin Futures. While this prediction is grounded in historical data and advanced algorithms, it's important for traders to consider the inherent volatility and unpredictability of the Bitcoin market. The predictive model is a powerful tool, but it should be used as part of a broader strategy that considers market news, economic reports, and other indicators. When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies. General Disclaimer: The trade ideas presented herein are solely for illustrative purposes, forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
Editors' picks
CME:BTC1!
by traddictiv
2
$BTC setting up for.......Let's examine CRYPTOCAP:BTC #BTC 1 - it is still trading higher on that trendline, good news. 2 - it has formed a Symmetrical Triangle formation. We've shown these before, best example was TVC:VIX , it cratered since the break. These can really pack a punch. Have to keep an eye in the direction that they break, they do tend to be CONTINUATION patterns!!! IMO #bitcoin could be setting up for 2024 PART 2 CRYPTOCAP:BTC WEEKLY: RSI looks okay Not exactly like mid 2019 or late 2020 but there's SOME resemblance. #BTC $ flow looks pretty good. If it stays here, historically it has a pause and then pushes higher Then we reach the higher level, thick yellow line, where #bitcoin tends to peak.
CME:BTC1!
by ROYAL_OAK_INC
$BTC waiting for confirmation BTC is in a difficult moment right now but i am thinking this is distrubution fase where whales are going to take money out of the market over a certain period of time. Historically speaking almost all CME gaps get filled again. I am thinking that after the first rush in december was the high for this month put in the first couple days. I am thinking we still will see the low of december since the momentum of the market down is after the first days of december We will see if we finish this downtrend up until the CME gap is filled and we get another point where people are willing to buy again and the liquidity can be refreshed again. I also need to say that the month december historically is down. History repeats itself and that you cannot ignore.
CME:BTC1!Short
by Tradingmarato
Bitcoin Has To Fill Some December GAPsA CME gap for bitcoin refers to a price discrepancy that occurs on the Chicago Mercantile Exchange bitcoin futures chart between the closing price of one trading day and the opening price of the next trading day. Gaps occur because the bitcoin spot market trades 24/7 on various centralized exchanges, from which CME derives its Mark Price, while the futures market only trades Sunday through Friday, from 6:00 pm to 5:00 pm ET. Some believe that gaps on the CME chart can act as significant support or resistance levels, as prices typically tend to fill the gap at a future date. Others argue that CME gaps are simply a technical phenomenon with no real predictive value. Bitcon CME Futures chart made some GAPs in December, which can get filled in upcoming days/weeks and it can be very interesting to follow. We think that wave C can now fill the GAP from December 3rd and then when correction is completed and bulls back in play, then it can fill the GAPs from December 17 and December 10.
CME:BTC1!
by ew-forecast
BTC one last PUSH before the BEARS take back control?It seems that we could potentially see another wave to the upside before seeing some aggressive sellers stepping in. This aggressive action should be very aggressive and also creates a break of the market structure. Inverse V shape to be expected to see the SELLERS taking back control of the trend. You also have a gap right below that break of market structure. By the way, this is the CME chart and it gives much more clues in my opinion than the continuous usual BTC chart. I also join my last Tweet analysis on the left of the illustration. Clock is ticking and we are right into my GREY BOX. Tic Tac Tic Tac! Probably also one my last analysis as the BTC Trading Lab. Merry Xmas and Happy New Year to everyone.
CME:BTC1!Long
by Lord_Of_Dax_
Here's My CME PA holes & 2018 Comparison Rally Just mapping and thinking if the froth leaves & ETF stales We attack parameter outlines lower First would be CME gap under 40k 48k is still on the table but seems less likely if the 44k gap down holds seems like USDT claims are rising that MC add with ETF hype and CME premium came back the same one that was appearing at 30k -32k first ETF hype cycle 35k retest 30-32k breakout support hard too believe we see 24k break & 20420 USDC gap get filled unless chaos happens We never saw below old ATH till this cycle Plan is too use this outline & trade price if RSI weekly breaks down well see a sell off if price keeps grinding higher with ETF we trade levels till price discovery Halving in April ETF TBD think March over JAN hard too know its a entity that can be manipulated & is controlled by a small group of loyal Central banking pawns
CME:BTC1!
by bryptobro