BTC - Short Term AnalysisOn the Left is the CME chart and on the right is a spot chart.
We did open with a gap on CME and that gap almost always get filled. That gap is between $42,365-$43,425. If price goes up to fill that gap it would also be testing our white line of old support that could be flipped into new resistance.
With the spot chart, we see BTC has created railroad tracks upon the open. This occurs when price closes and instantly reverse upon the open. Currently, we have seen these railroad tracks form on every timeframe from the 1min to the 1 week. As long as the low holds we should be able to reach the CME gap with this pattern.
BMC1! trade ideas
🅱️ 6X Lev Bitcoin SHORT (239% Potential | Adults Only)Let's try again, the previous one was obviously too early.
These are what I call "trade-numbers".
➖ The bold levels are the first stop.
➖ It can go as low as 20K on a wick.
➖ It can take months to fully develop.
➖ Initially it can go fast.
_____
Leverage: 6X
Buy-in: $41,000 - $44,000 | Cp: $42,440
Targets:
1) $40,000
2) $37,500
3) $35,000
4) $32,600
5) $30,000
6) $27,000
7) $25,500
Stop-loss: Close daily above $46,000
Potential profits: 239%
Capital allocation: 5%
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Disclaimer: Leverage trading is high risk and for adults only. Adults are responsible for their own actions.
Some trades can be a success (win), others can fail (a loss), this is normal.
If you cannot take a loss, then you cannot trade nor do anything in life because losing is part of the game. Making mistakes is part of the game, it is just the way we learn and grow.
I am wishing you success truly.
I am hoping you can achieve your goals.
Do your own research.
Thanks a lot for your support.
I love you 😁
Namaste.
BTC big expectancy of free fall againHello
Dear BTC buyers holders, pay attention I see that BTC has some signs of going down:
1- A strong reversal candle in weekly frametime is performing with huge voulume.
2- BTC had already accomplished its 3 correction important levels ( see my previous post) of
Fibonnacci retracement (38%, 50% and 61.8%)
3- The reached level of 48000 was expected more than 1 year as a maximum pick from where a
critical reversal point is would strat.
If BTC is agree with me it will go down until 32000 as a first .
Remember investors that I am not using a cristal ball but I try to be more rationnal whan i make my analysis.
Nb : take a look on my previous posts i listed down.
Break Away Gap(s)This chart shows breakaway gaps and the timing of when and if they can be close . The notion that gaps are always get closed applies to most of the gap types but break-away-gap that is reated by excessive buy or sell volume in the market.
The challenge with gaps is predicting the time __ time in the market is EVERYTHING.
Bitcoin sending mixed signals but trend has been strongCRYPTOCAP:BTC has hit the 1st 24 target.
Volume has been a little mixed lately. Was more buying leading up to the last few days.
#BTC RSI & $ Flow indicators are diverging.
RSI holding 50 but going lower (middle).
$ Flow above 0 going higher (middle).
Weekly
#Bitcoin trend has been strong.
It has been overbought since October.
Monthly
Not overbought, that's RARE when it does happen.
More on this another day.
Bitcoin Pullback Imminent? The rally in Bitcoin futures has been impressive. But, without question, the rally is showing signs of fatigue. So the question is - are we gearing up for a pullback?
Technical Outlook :
Concurrent bearish divergence and a declining volume profile is a telltale sign of an impending correction. Why? Put simply, because all of the bulls are already in the market. Meaning that no new buyers bidding up the price. As a result, long liquidation pushes price lower. An initial operative target for a correction would be filling the gap from Dec. 1st and Dec. 4th between 40,390 and 42,500. While this correction would be significant, it may be necessary to sustain the longer-term bull trend.
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BTC1!As we near the January 10 BTC ETF deadline, it appears BTC is once again picking up momentum after having been confined to range from 40-45k since early December.
Whichever way this breaks, I wouldn't fade.
618 of the whole move first level for longs to overcome.
CME has its final two gaps en route to all-time high at 51k and 53k respectively thereafter.
Third quarter retrace to highs around 55k tertiary.
$BTC holding while weakening, what? LOLGOOD MORNING
Don't see an increase in CRYPTOCAP:BTC shorts. With #ETF news perhaps traders do not want to be short.
Don't see a #BTC a breakdown, JUST weakening of the RSI during this current move.
BUT
#Bitcoin keeps bouncing off the trendline, yellow arrow.
We also see bouncing off the 20 Exponential Moving Avg, cyan, & the red = TREND strength.
As posted few days ago, the top part of the range keeps getting poked. The more poking the weaker resistance gets!
BTC SHORT/CRAB, LET GO.BTC looks to be in a short term distribution phase, with a likely top already in ~47k on CME.
Expect moderate volatility this quarter, where I expect constant violent 10% swings in either direction between 46k and 41k until the ETF approval. Afterward, expect a drop to ~38.5k by the end of January. Note, January EOM has the highest likelihood of dropping the furthest beyond the "Q1 High probability range noted on the chart" towards 34.5k.
Breaking out the Q1 Range will likely result in continued momentum to follow until the next line of support/resistance, noted at 50k or 34.5k.
The last line of defense will be ~31.6k in the event of a full liquidation cascade as it supports the previous sideways structure we had between 32k and 25k since March last year and acts as the 0.5 fib from the ATH to this cycle low. If we drop further under 30k, than you must accept the increased probability of 46k being a bull trap and being the largest rug pull to occur and we head toward revisiting 20k, 15, and even 10k.
RWI (Random Walk Index) and LS (Liquidation Screener) are the indicators used. RWI is printing bearish divergences along with starting to crossover toward bearish trend. LS probably has shown the top as it has hit the red bearish territory and recently dropped out of it and heading over the median line currently at 33.7k (but is rising and i could see it bottom out toward the lower side of Q1 probability range by EOM JAN or even EOQ)
Overall, I believe the ETF may be a sell-the-news event that will in the grand scheme of things crab between 46k and 41k, until the end of Q1, but with a short visit to 38.5k. Breaking out the expected range of 46k-38.5k, begets continued momo in the same direction. Take note this is likely due to lowered overall volatility of BTC maturing as a whole. But alts may push forward after the expected flush.
Let go. Relax.
Q1 Ranges:
High probability
46k-38k
Moderate probability
52k-30k
Max probability
54k-18k
Trades:
Short @ 44k
TP 41k, 39k, (may carry it down to 30k depending on PA under 39k)
SL 47k
Short @ 50k ( if expected range breaks out)
TP 40k, 35k, 32k
SL 54k
Long @ 39k
TP 44k, 50k
SL 37.5k
Long @ 35k & 32k
TP 40k, 50k
SL 29k
Shocked @ $BTC and #crypto hit today?Good Morning!!!!!!!
In reference to the rout #crypto is taking, everyone's playing Monday morning quarterback.
The post quoted, pls see more info on our profile page, wasn't the 1st post with warning!!!
We had mentioned the breakout had a lot of selling with little buying to support holding the move. CRYPTOCAP:BTC gave up a large chunk of the gains.
We also spoke on #BTC $ flow lessening & the weakening RSI.
The CRYPTOCAP:BTC RSI looks to cross sub 50, it must hold 40ish area.
#BTC $ Flow hasn't looked good at all, buy on the rumor and sell news. Could be what's happening.
#Bitcoin forming a BEARISH ENGULFING. Recall NASDAQ:NDX did this and was walloped for a bit before recuperating. KEEP and EYE ON VOLUME TODAY!
Weekly, Bitcoin has formed an outside week, more on this later.
AMEX:BITO
BTC1!In hindsight, that break below 46140 at 15:00 UTC January 2nd was the textbook Wyckoffian crack of the ice pre-distribution.
Now that we're here, it's important to note that this dip filled gap at last Friday's close, deviated below and reclaimed mid of whole move in testing it as support, which makes me think the distribution is done for now.
So long as can keep closing above mid we'll bounce back from this stronger.
Still think 618 before 3xxxx.
Bitcoin's Bullish Surge: Potential Targets and Path AheadBitcoin has surged beyond a symmetrical triangle, hinting at a potential target around 48500. This aligns well with the March 2022 high of 48475, marking an initial upward goal. Moreover, there's room for further growth if we consider the prior rally as a flagpole and the recent consolidation as a midpoint, indicating potential for Bitcoin to advance even more.
Should Bitcoin surpass the 48500 mark, it could pave the way for a push towards 57555, which stands at the 78.6% retracement level of the entire downward movement from the November 2021 peak to the November 2022 low.
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Bitcoin short from 47k in cme futures.The retest that i was waiting during the year of 2023 has just been met .
Even though i expected that retest to occur during the may or june of 2023 at 40k level, bitcoins price has just hit 47k in cme whilst on other exchanges it remains at 46k level .
I do believe this is bitcoins final push to the upside ,and this is a major sign for more downside to come .
Now all i think about is the gap at 20k level.
Now short mode is ON , every push to the upside is a short position for me.
The big short is coming , closer than ever , also waiting for 10th of january where i do believe that is priced in , and once etf approves it, btc will plummet just like it did in 2017 with cme futures.