BTC.USDTIn the diagram, we can see that there are two empty spaces
As you know, soon they will be touched
Now the possibility of touching a higher price means 27800 and then
The bottom is more
BMC1! trade ideas
BTC1! on 30 min. Double BottomOn 30 min there is a Double Bottom for BTC at this time.
"DOUBLE BOTTOMS"
A double bottom pattern is a technical analysis charting pattern that characterizes a major change in a market trend, from down to up.
Notably there is also a gap fill as seen on the chart.
I am expecting 2024 to be a good year for BTC imo. We'll see!
What are your thoughts?
Thanks,
Kelly
Cryptocurrency Analysis: Insights from the World of Cryptos
👋 Hello, esteemed cryptocurrency enthusiasts! Today, I want to share observations from the world of cryptocurrencies, specifically focusing on BTC. Recently, a notable event occurred on our chart: an open Gap at the level of 27400. It's crucial to highlight all open gaps on the chart, as they can influence the future dynamics of price movement.
Regarding the last 10 daily candles marked in red, this is an intriguing phenomenon that may indicate a certain pattern. It's important for us to delve into past similar situations and attempt to comprehend the implications behind these red candles.
Bitcoin - ADAM AND EVECME:BTC1!
Self explanatory chart.
Adam and Eve, bottoming pattern, invalidation is easy and below the eve low. Take a long set and forget final tp is 27500 at the high of the CME gap. Happy days.
Cheers.
#Bitcoin BITSTAMP:BTCUSD BINANCE:BTCUSDT
Been saying $BTC is NOT the same anymore, before InstitutionsBULLISH CRYPTOCAP:ETH #ETF!
However, #ETH didn't do much
CRYPTOCAP:BTC pre-halving = BULLISH!
Please.......
The truth is whatever happens to #BTC will happen without any of previous data. Why doesn't it trade well during weekends? Because LEVERAGE & financial instruments dictate price action.
Been saying this for 2 years, maybe more. Not sure how much proof have to keep posting. lol
#BITCOIN is NO LONGER the same animal. Why? The institutions in. People wanted this, but didn't know what the result would be.
This is why we use Futures data vs spot.
#crypto
$BTC not painting a bullish picture atm, but darkest before dawnGOOD MORNING!
While we don't expect the CRYPTOCAP:BTC downside to end here, we are expecting some sort of bounce. However, time is running out.
Interesting that #BTC swings are getting wider.
See the higher high recently but retesting the support level (thick green line)
This has been a HISTORICAL area for #bitcoin. Break downs and break outs.
Furthermore:
MACD looks like trash
RSI is okay
C $ Flow so so
Under all Moving Avgs
#crypto
D1 CME GAPD1 CME gap suggests we might rally back up to backtest the yellow TL. If it holds, then we see lower, IMO.
TWO GAPS to FILL. Which one comes first?Traders,
Our CME BTC Futures chart now shows (2) two gaps to fill. We know that over 90% of all gaps are eventually filled. Usually, this occurs sooner rather than later. The big question is which one of these gaps will be filled first if we assume they will both be filled? Post your best guess in the comments below.
The other thing I am looking at on this chart is a possible retest of our previous channel. Previously, the top of this channel acted as resistance. The market likes to come back and test previous resistance as support. Will it do so this time as well?
Stay tuned,
Stew
BTC CME Futures Price Gap - August 17BTC CME Futures Chart, Hourly, 1:00 PM EST, 5:00 PM UTC
There's a bit of a unique setup on the lower-mid term timeframes for BTC. Yesterday's sell-off occurred between 5-6 PM EST, which coincided with a 1 hour break in the CME futures market. Contrary to popular belief, the CME Futures exchange actually does not operate 24/5, but actually 23/5 with a 1 hour session break.
"CME Globex:
Sunday - Friday 5:00 p.m. - 4:00 p.m Central Time (CT) with a 60-minute break each day beginning at 4:00 p.m. CT"
As the sell-off in the spot market occurred during the break in the CME futures session, there is coincidentally now a price gap to fill between $27000-27540 region. This would be an attractive area for short traders to re-enter the market if we do have a relief bounce in the coming days.
One could set conditional market orders to go short if price enters this region. As a reminder, always utilize proper risk management.
$BTC can retest, has history of retesting lowsDon't forget that the 2019 CRYPTOCAP:BTC bottom was "retested" a year later in 2020.
#BTC estimates for the lows at that time.
2019 low = 3100
2020 low = 4300
See that beautiful inverse head & shoulder back then?
Didn't break out until LATE 2020.
#bitcoin gap fill would coincide perfectly with a retest this year or 2024.
BITCOIN ROADMAP — HEAVEN AND HELLHeaven can be cold
Baby, baby, when you lose control
Everybody needs someone 🅱
Be careful in the night
He can hurt you more
Baby, baby, as he did before
Come on baby, keep your hands of him
In the gypsy night 😘
It will come and go
Everybody knows
You make your own
Heaven and hell 💔
Daytime traders love for sale
You make your own
Heaven and hell
Statements full of tears will tell 😭
He takes your heart
I know him well
You've got no time to lose
For heaven and hell 🎉
Behind the painted smile
Baby, baby, he is running wild
Everybody needs some love tonight
Be careful in the night 🥳
This publication is to introduce with BTC roadmap, unforeseen rocks and climbs.
// Look first. Then leap!
BTC Bearish engulfing and divergence. Friday close imo is the most important close of the week along with the Monday open.
Why is this a case Friday lines up with big picture ideas that form market structure such as.
-major support/resistance
-key weekly close pivot points
-risk off limit over night/weekend exposure
-weekly rebalance
CME trade a 5 day chart as opposed the BTC 24/7 trading on the open market, traders that trade on CME futures traditionally have higher technical trading knowledge and greater funded accounts than retail.
I have notice bearish divergence on the POC from binance opposed to CME charts this could be due to 24/7 trading on binance and their wash trading algo's and as the overall trend is still positive trading over the weekend and into Monday open I see the above as bearish momentum and I'll be going against the trend until the POC is reclaimed.
trade in validation 31200, this is a key area to go long for new high's break outs
target 27900 as this is a key value area
Possible BTC CME Gap Fill and Fib Level RetestThe chart says it all, BTC might decide to give max pain to the bears who are thinking that the 30k resistance will hold. In my opinion, the 35k zone is more important because it would be the retest of Bitcoin's previous bear market consolidation area and the first meaningful fib level retest. I still remain bearish in the big picture like in my previous post made when BTC was above 60k and personally believe that lower lows will come after this impulsive move to the upside. My 15k target for the previous move was hit to the T, and I believe that the next downtrend will go below that area if the bear market has not ended. 9k is the level I am looking at the most.
However, I do currently have a small long position for this potential short-term bullish move.
Bitcoin Falling! Read for Entry!!CME:BTC1!
CRYPTOCAP:BTC has followed my analysis from a while back.
Yesterday I cautioned traders to watch for the Bearish Retest.
Congratulations to those that played this ... 18.23% down and in profit!
At 25.2k zone, my thought are looking for a fakeout to long back to 31.8K.
200 Daily is potential support at 25.2k.
If this does not happen then short ideas are to ~21.4k and ~19.7k zones.
Don't panic that you have missed any move. Prepare now with Plan A Plan B scenarios as I always point out.
Bitcoins short term healthAs I have been saying, the fundamental economic factors have perfectly aligned with our #technicalanalysis of the cryptocurrency markets with #BTC being area of concentration for its dominant role within the ecosystem #bitcoin #btc #cryptocurreny
Bitcoin’s Short term healthAs I have been saying, the fundamental economic factors have perfectly aligned with our #technicalanalysis of the cryptocurrency markets with #BTC being area of concentration for its dominant role within the ecosystem #bitcoin #btc #cryptocurreny
Bitcoin’s Health StatusAs I have been saying, the fundamental economic factors have perfectly aligned with our #technicalanalysis of the cryptocurrency markets with #BTC being area of concentration for its dominant role within the ecosystem #bitcoin #btc #cryptocurreny
$BTC in dangerHaven't been paying as much attention as normal to CRYPTOCAP:BTC as am I've been waiting for a break to a trend, been mostly in cash.
Was expecting break later on in month but tonight has my attention.
VERY dangerous territory for #BTC.
This is the weakest #bitcoin has been in some time.
27k area next major support.
50% Fib Retracement = 23kish.
#crypto
Bitcoin Below 50ma, Watching $20k Price GapAlong with all of the major stock indices falling below their 50-day moving averages this week, Bitcoin is also below its 50ma and testing the 100ma for support. Failure to hold above the 100ma near $28.7k will likely lead to a test of the orange trendline near $28k. If that also fails to hold as support then we can consider the uptrend in price over and a likely test of the 200ma near $25k. The main lower level that I've been watching and expecting price to hit after price failed to hold above $30k twice this year stems from the gap in price created in early March in the $20k- FWB:21K area. Gaps tend to get filled and Bitcoin has a consistent history of filling gaps in the chart.
The lower PPO indicator shows the green PPO line trending below the purple signal line which indicates short-term bearish momentum. Both lines have also crossed below the 0 level which indicates potential intermediate to long-term bearish momentum in play.
The TDI indicators shows the green RSI line trending below 50 and heading down towards the 40 level. A move below the 40 level would indicate a short-term bearish price trend. The RSI is also trading in the lower half of extremely tight Bollinger Bands which indicates current short-term bearish momentum with a potentially big move head as tightening BBands tend to precede large moves.
Overall, Bitcoin hasn't flipped completely bearish yet, but when taking into account the deteriorating picture in the stock market and Bitcoins indicators leaning bearish, the outlook for price looks weak here. The main level I'm watching for now in the short-term is the orange uptrend line as a breach below there would indicate that price is likely to continue heading lower, which seems like the likely move after two failed attempts to hold above $30k this year.
I'm currently short Bitcoin via the ProShares Short Bitcoin ETF, BITI. Entry was at $19.71 yesterday with a stop-loss at $18.91 should Bitcoin happen to turn around and head higher.
$BTC do or dir before August is doneCRYPTOCAP:BTC broke the smaller up trend.
As we stated some time ago, the orange trend line is just TOO MUCH for #BTC to close above.
Volume was weak on this uop trend break. We believe that the larger trend will be harder to break.
Nevertheless, this battle will be decided before August is over.
#Bitcoin is setting for a BIG move!!!!
BTC USD ideaDude, check this out - the BTC Futures CME caps, they're like these magnetic spots pulling us in on the chart. It's like the waves are guiding us right to 'em. Let's ride this chart and see how it plays out. Just one idea in the sea of possibilities, man. 🌊🏄♂️ Let's catch that crypto wave and ride it all the way to those caps! 🚀🔮
$BTC intraday is strengthening but still within the trendMIL:BTC is still trading within the trend it's been in since mid July.
This battle within the trend is interesting.
The volume is similar between the longs and sells.
Could it be the same "institution" trading?
The RSI has been strengthening the last 3 test of #BTC lows
