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BMC1! trade ideas

Bitcoin hits Fibo retracement allow for near term consolidationBitcoin has reached its 50% retracement of the move we saw in 2022 and the new high has been accompanied by a divergence of the daily RSI. This suggests a loss of upside momentum at this key level of resistance and some likely near-term consolidation. The 55-day ma around 28000 is likely to act as near-term support. Longer term we do have some double Fibonacci retracements above the market and just as an observational point I have noted that these tend to act as a magnet for price. So, beyond some near-term consolidation we would expect further upside moves. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
CME:BTC1!
by The_STA
Every CME that is open right now.I have put some effort into this update of my CME chart, and I believe I have covered everything. Although CMEs do expire, I have marked all of the "open ones" in this case. The main reason I focus on CME gaps is that when I see a price heading towards a gap, there is a higher likelihood of it being reached. So if my take profit (TP) is close to a gap, I would typically set the TP closer to the gap instead. I hope this information is as helpful to you as CME has been to me over the years. If you're interested, you can check out my profile and join me and others in the community I am involved with.
CME:BTC1!
by CryptoBanda
$BTC holding well, still think we chug higherMany thought CRYPTOCAP:BTC would sell off hard after this recent run up. We're one of the few accounts that stated that there was LIGHT weakness & doubtful it would be a hard correction. This time it felt DIFFERENT. The movement was not the same as the previous run up. #BTC making it's move after the OUTSIDE DAY we spoke about. Spot #bitcoin is following, as usual. No real trader or investor uses spot as a gauge for price action. Maybe only on the weekend. Volume coming back 🎉
CME:BTC1!
by ROYAL_OAK_INC
Bitcoin Cup & Handle!CME:BTC1! Printed an Inverse Head & Shoulders or Cup & Handle as one would interpret. Critical level to flip is 31.5k. Reclaiming this as support could be potential impetus to 48k $BTC. Buildup still printing so aggressive traders could already take positions. If you are new, be careful! If this level does not flip then possible short position executions available. To pull targets, you can view my idea here which still holds: tinyurl.com Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge. If you liked this idea or if you have your own opinion about it, write in the comments. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
CME:BTC1!
by imr4nkh8n
Will Bitcoin Hit $20k or $35k First?Bitcoin is currently facing an intriguing situation with two significant gaps in its price chart. The first one, at 35,000, has remained open for over 420 days, making it one of the longest-running gaps in Bitcoin's history. Simultaneously, there is another gap at 20,000, which presents a compelling scenario. Examining the risk-to-reward ratio, initiating a position at 30,000 is 1:2 ratio. As the current price of Bitcoin steadily approaches the 35,000 mark, the question arises: which gap will be filled first, the one at 20,000 or 35,000?
CME:BTC1!
by hightableandy
A blueprint has been drawn up to bring cryptocurrency trading toBroker Prometheum now claims it has a blueprint to bring cryptocurrency trading to the larger regulated market. Prometheum's plan would involve using an exemption created by U.S. regulators 50 years ago to allow trading in stocks subject to certain restrictions. This exemption can be used on a daily basis in the stock market to sell large quantities of shares. Rule 144 is an exemption that allows the public resale of restricted or controlled securities if a number of conditions are met. This includes how long securities are held, how they can be sold, and for how much they can be sold at any time. It is not yet used in the crypto industry. Currently, cryptocurrency exchanges typically use state rules to circumvent federal requirements when trading cryptocurrencies that are not considered securities. If the digital asset is a security, it must comply with registration and exemption requirements. Prometheum, a startup without a cryptocurrency trading arm, believes it has a way to provide liquidity in crypto assets to both regulated exchanges and established brokerages.
CME:BTC1!
by babs4mo
1
Chief Strategy Officer of CoinShares: The Top Eight Financial InCoinShares chief strategy officer Meltem Demirors highlighted at least eight major financial institutions that have signaled their forays into the digital asset space, including BlackRock’s spot bitcoin ETF filing and Fidelity’s crypto wealth management solutions. Others include JPMorgan, Morgan Stanley, Goldman Sachs, BNY Mellon, Invesco and Bank of America. Demirors pointed out that many of the largest financial institutions in the United States are actively working to provide services such as bitcoin. They manage $27 trillion in assets. It’s worth noting that the $27 trillion figure is an estimate of the total assets under management of the eight institutions, only a fraction of which may be allocated to cryptocurrency investments.
CME:BTC1!
by babs3mo
$BTC holding steady, dissecting on intraday to see next moveGOOD MORNING! CRYPTOCAP:BTC opened @ 30.7 & it is staying above that yellow SUPPORT line. This is good. 1HR chart shows a recent bearish crossover BUT it's fighting to crossover to the bullish side again. We may see some #BTC weakness here BUT look @ the 4Hr chart. It still looks pretty strong. Hence, if there is any weakness it may be "weak". :D #bitcoin still has some momentum left as far as we see atm. But things can change fast.
CME:BTC1!
by ROYAL_OAK_INC
Bitcoin CME Gap Chart Analysis: Two Significant Gaps to Watch#Bitcoin CME GAP Chart Analysis - Current BTC Price: $31,120 - Continuous green candles since June 15th Two unfilled CME gaps to watch: 1️⃣ First GAP: $35,180 Originated on May 9th, 2022 Price nearing this level Potential for upcoming gap fill 2️⃣ Second GAP: $20,330 Represents 35% drop from current level Unfilled, important to monitor While gap fillings aren't guaranteed, these levels hold significance. $35,180 gap may fill before $20,330. Placed Buy Bid: $30,330 Specific price for potential entry Stay informed for trading decisions. Not all gaps fill, but monitoring provides insights.
CME:BTC1!Long
by CryptoPatel
4
BTC $35,300 Hello everyone! Many of you have already noticed that the cryptocurrency market has been experiencing impressive growth recently. I would like to draw your attention to some potential areas. In particular, I have identified a zone on the chart that has significant potential. It is the $35,300 level, where we can see an open gap. Considering past trends, this situation could contribute to further price growth. Additionally, it's worth being attentive and observing the dominance of BTC if you are waiting for altcoins to take off.
CME:BTC1!Long
by CHOWTRADE
Bitcoin Cup & Handle Bullish!CME:BTC1! CRYPTOCAP:BTC has printed a massive Cup & Handle. Also looks like an Inverse Head & Shoulders. Idea tagged as Neutral, as I need to see more confirmation - read below: Measured move to 48k over time. Requires Break and Flip of the Breakout level around 31k. Plan A: Long Break and Retest of 31.5k level - if you're a pro trader you can look for lower bounce ideas prior to the breakout - but gathering data every second. Plan B: Short to Possible Pullback level and watch for hold of this support for next attempt or further downside to. No Prediction - Preparation. When CRYPTOCAP:BTC moves we move. Thanks for all the support from my followers! Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge. If you liked this idea or if you have your own opinion about it, write in the comments. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
CME:BTC1!
by imr4nkh8n