BMC1! trade ideas
BTC goes to 17k!It seems that sardines never learn, unfortunately many will be stuck at the top again... BTC is clearly in a falling wedge and should return to the support line that has been coming since 2018, this will be the best time for you to fill your pockets and then Yes, think about the moon!
This is not investment advice!
$BTC keeps going & volume picking upAnother target hit as the CRYPTOCAP:BTC GAP was filled.
Not sure if we keep pumping now, but holding for now.
Still think that a low to mid 40k #BTC is a likely possibility. Maybe even this year IF the volume keeps picking up. IMO very likely.
Monthly #Bitcoin looks VERY GOOD. We see the RSI as healthy and is that a Bullish Crossover about to happen?
BTC CME Weekly Gaps All FilledGood Day,
Last nights Price Action saw the closure of the last weekly CME Gap left during the bear trend.
This opens the door to new price discovery.
Current price action is between fib retracement levels and it would seem probably that we see a move at least to the 0.618 over time.
I have also recognised BTC's previous 2 cycles finding high points at the 0.786 retracement point prior to the BTC Halving so that brings the 50k target into the realm of possibilities. My previous post outlies the major weekly signal that is now firing and confirmed with momentum and price action breaking above the major resistance area.
A retest of the major resistance turned to support would open the door to higher price targets into the end of Q4 and i am looking at January as a possible month for things to top out before a major retracement of BTC of (30%+)
Have a great day!!!
#bitcoin #btc has closed a historical #CME #GAPAs you see on the chart, there was very important #CMEFUTURES gap at 35 - 36K area which was opened in #luna collapse times. Now, #btcusdt price has CLOSED this historical gap and what now?
It' s too early to say #btcprice will go on through the #bullrun or " BTC will directly go to close the OTHER historical GAP at 20 - 21K region!.."
Now, just relax and watch the #market and especially #BTCdominance. #BTCD will reveal the direction of the market. I will update my thoughts.
As you see on the chart, there only 1 #CME #FUTURES #GAP left at 20 - 21K region. Don' t underestimate this and also don' t be pessimistic, just carefully watch #bitcoin moves.
NOT FINANCIAL ADVICE. Dyor.
BTCUSD - CME Gap Filled Down OnlyKuwa mwangalifu! Cuidado! Be careful! Pas op!
CME Gap has been filled!
BTC CMENow BTC CME Gap is filled.
This trading plan incorporates mechanical strategies along with smart money concepts.
Please be aware that investing in FX, Crypto, or any financial instrument carries inherent risks. It's advisable to consult a financial advisor or conduct thorough research before making any investment decisions.
CME gap filled on fake news. Headlines read Blackrock spot Bitcoin ETF lists… This application will not have an answer till after the new year…. DYOR for facts and don’t trade on headlines. Meanwhile the short liquidations are brutal beyond belief. I don’t believe the head and shoulders pattern is negated unless we close the week above the close at head. (32kish). My bet is that we will not close the week above. I entered a trade at CME gap and plan to ride the wave down. If I’m wrong then my stop is set just beyond. Good luck
Will Bitcoin do a repeat of 2019-2020?Banking Crisis and Technical Rallies
If there is one thing that is fundamentally bullish for crypto its bank failures. Crypto was built for this: banks becoming insolvent and the inability to trust the Fed or a third party to secure your wealth and value.
And we have gotten nothing short of a major rally over the past few weeks on the back of what has happened. With the Fed, Swiss, and ECB being forced to provide liquidity for failing banks, this rally in crypto could continue. Especially as a bunch of billionaires from Silicon Valley Bank need to store some of their wealth outside the banking system. Crypto is perfect for this.
From a technical perspective, we have had some key developments that line up and we can dive into some analysis to see where things may be headed.
I want to look at 2019 to early 2020 as I think this comparison is shaping up very closely.
Notice the orange triangle pattern - The last time we had this type of capitulation when Bitcoin fell to ~$3,000, it marked the bottom. At this juncture, a lot of people thought the end was nigh. We had a similar capitulation event occur which lead to the same triangle formation on the back of the failure of FTX. The capitulation event in 2019 marked the bottom. So far the failure of FTX, Celsius, 3AC, and others has marked the bottom of this cycle. The fractal is strikingly similar
2019 was followed by a massive multi-month rally which took Bitcoin back to its 50% retracement from its previous high. If we were to do something similar it would put us in the $40,000- $45,000 range or just shy of that in the 37-40k range.
Some technicals:
1. Weekly MACD is positive and sloping up.
2. Moving averages on the daily time frame are sloping positively.
3. The weekly 9 MA is crossing above the 200 MA.
4. RSI is showing strength.
Between technicals and Bank failures, we could see Bitcoin and the rest of crypto continue to run higher from here.
$BTC forms Head & Shoulder BUT has chance to rally hugeCRYPTOCAP:BTC must begin to break above this area in order to annul the ominous head & shoulder pattern that it is forming.
RSI looks pretty healthy at the moment.
Volume has been heavier than recent with slight buy bias.
CMF = $ Flow looks mediocre. However, there's a small increase.
Weekly, #BTC has not closed above 31100 for all of 2023. A close above could cause shorts to cover and fuel to rally more.
#Bitcoin
Bear or Bull next?... a detailed analysis Bullish:
1. W1 C&H, tgt 41,260
2. D1 gap ~35,500
3. Possible continued bullish action if DXY drops. (Looking soft the past few days, but has possible TA tgts up to $130-ish.)
Neutral:
1. USDT is in a symmetric triangle on HTF.
Bearish:
1. unable to break above Jul 19, 2021 low wick range 31,760 - 29,215 (yet)
2. poss H&S forming, tgt 21,455
3. D1 gaps below current price: (apx) 29,800, 27,150, 26,300, 20,700, 20,000
4. Below solid yellow TL and dotted yellow TL
5. PA currently in peak of shoulder wick zone (red)
6. candles & volume only appear to show mild strength thus far
Conclusion:
The next few days are "make or break". For bullish continuation PA needs to break above and hold 31,800 on a daily close. This will invalidate the HNS and simultaneously be a clearing of the Jul 19, 2021 wick zone.
BTC1!Previous two upthrusts this year, in April and July, have fallen short, but I believe this 3rd ETF hyped one is setting up to fill CME’s 35925 gap before end of year.
Bitcoin CME GapsThese CME gaps have a tendency to get "filled” – meaning that the market corrects back into the gap. While sources struggle to agree on the exact percentage, most of them agree that at least 65% of CME gaps are filled eventually.
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and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
BTC if grow up it wont across the level 48000 (shorting level)Hello kind traders
As I draw on my chart the best corredor of shorting is around the bleu lines ans specially 48000. then it can reach the TPs I mentionned on chart
Remeber that I do not have a cristal ball predicting markets move, but I try to be efficient and rational
Good luck
BTC - LongGood luck to everyone! This analysis is for educational purposes only and does not constitute financial advice. Conduct your own analysis before making trading decisions.
$BTC move is rumor & selling HEAVYOct 11 was last CRYPTOCAP:BTC post we made. There was a slight neg bias and it sold off a bit. Haven't posted much on it as we've focused on #equities & economic data.
Did notice 3 days of #BTC holding support area & not shocked at todays move. Bounced at recent uptrend, did not draw it in.
Notice anything? Look at volume & money flow. This #Bitcoin move is SHORT covering and there is a lot of selling here.
Bitcoin - Short; For now... Then, dependent on what happens around the $20,000 level, up, then down, ... etc., etc.
This is all speculation, of course, then again, that is the name of the game. - Right?!
Trade it as it unfolds.
An alternative strategy/analysis "CME GAPS"Just a simple analysis or strategy for everyone to understand but please do your own research!
-As you can see, after every gap is formed and after the price fluctuates, it will eventually return to the unfilled gap levels.
What are CME GAPS?
CME gaps refer to the difference between the trading prices of Bitcoin futures contracts when the market closes on Friday and reopens on Sunday. The gap occurs because there are no trades between the closing period on Friday and the opening on Sunday. The gap can also occur during holidays when the CME is closed. A gap is an unfilled interval on a chart, and it usually occurs when price sharply moves up or down with very little to no trading occurred in between.
$BTC weakening & comparison of Futures vs Spot, AGAINCRYPTOCAP:BTC is weakening further. Although the CMF shows TINY accumulation.
#BTC MACD histogram shows a slight neg divergence. This means that there is a decent chance MACD crosses over, negative.
Find it interesting that the Head & Shoulders neckline is right at the Nov 2022 bottom #Bitcoin trendline, blue dotted line.
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Now let's compare Futures vs Spot
RSI on spot CRYPTOCAP:BTC is much weaker compared to derivatives.
CMF shows huge differences between Futures vs Spot #BTC:
Futures Sold off & slow grind up vs Spot volatility
This was short covering vs Spike = false reading
Countless examples over the years on why using #bitcoin futures/derivatives charts is better, #crypto
BTC UpdateI think it'll hit the July high again, but then again, I'm thinking the stock market will as well, and that's a safer bet.
It hasn't been trading with the market on a day to day basis but for the most part, BTC is trending with the general market. Other cryptos are in the garbage pile along with garbage stocks like PTON, SFIX, FCEL, BLDP, etc.
VFS stock shows how quickly bubbles die in a high interest rate environment. I don't recommend cryptos, but just posting this because I know some of my followers trade crypto and I plotted it so might as well post it.
$BTC needs to wake up FAST🚨🚨🚨
We pointed out the Heads & Shoulder pattern few weeks ago.
For an idea of how dangerous this pattern is, look at how bad the TVC:DJI CBOE:SPX & NASDAQ:NDX were recently hit.
There's a tiny amount of CRYPTOCAP:BTC accumulation, CMF.
Weekly
#BTC had a bullish crossover but it was WEAK. Not strong at all.
For the moment, #bitcoin is still trading above its moving averages.
It has lost a lot of steam lately. Needs to wake up FAST.
#crypto
$BTC $31K - $36K gap explainedHere we attempt to show the reason many chartists expect CRYPTOCAP:BTC to make a quick move to $36,000+ once we clear 31K to 32k.
#btc short term strategy #bitcoin setup There are 2 GAPs in CME Futures #btcusd chart. I expect BTC to visit this gaps. My expectation is not only set on gaps. Also there is an important long liquidation zone exist. And also #DXY the #dollarindex is still moving upwards.
NOT FINANCIAL ADVICE.
