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BMC1! trade ideas

Now what $BTC?The bull case is not done for #Bitcoin but it has been hit hard this last week. Long ago we mentioned that #btc could pull back a significant amount and still form a bottoming process. The 18,500 area could serve as a right shoulder for an Inverse Head & Shoulder pattern. If it can form this and break the neckline with good volume that was signify at the end of the bear. Doesn't mean we have to go there but that would be the worst case scenario. We could also form the shoulder in this area where the Gap was just filled. Time will tell. But a lot of damage has been done and it may take time to heal. A while ago we mentioned that the bear market was done but did notice that the RSI was very weak and the volume wasn't the best either. So why the call was premature noticing those two things were a key.
CME:BTC1!
by ROYAL_OAK_INC
$BTC OVERSOLD & filled GapCertainly took it sweet time but #Bitcoin finally filled the gap NOT TOO LONG AGO WE STATED THAT THERE WAS SOMETHING WRONG WITH #BTC BUT COULDN'T PINPOINT WHAT IT WAS. Over the last couple of weeks we've been saying that sell volume has been more prevalent than buy volume for $BTC. While it wasn't heavy it was still interesting to see sell volume picking up. Today the volume was pretty heavy very little informs of buying a lot of damage was done today in many markets
CME:BTC1!
by ROYAL_OAK_INC
Bitcoin CME (Future): ...Inevitable drop after that!Hi everyone! I know that there are not many people here who use the Future, but our goal is to always look for new information, in this case, it is possible, after the rally, an approach to the GAP. I don't know if we can close it, but knowing that the market will try to do that is already something useful, right? I don't have the crystal ball yet (Amazon is a bit late in delivering 😢😊), but I think this drop might appear on our charts soon... I'd also like to know your opinion about this my idea, especially if you don't agree (...you never stop learning, and I'm always ready for that!) PREVIOUS ANALYSIS (Click & Play on Chart below) Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖 Cheers! N.B.: Updates will follow below
CME:BTC1!
by TheAnonymousBanker
13
$BTC broke 21k-ish & GAP Support is nextWe're @ the MOST important level for BTC since we stated long ago that the 24k level would be an issue. Now we're closing in to the 20,500 level & IT MUST HOLD. If that doesn't hold we're looking @ a gap fill & possibly lower. The next level is 20k. #BTC is entering oversold territory. We have mentioned previously that we were almost there. Interesting enough $TOTAL 3 (no $BTC or $ETH) is holding pretty well! #ETH is not oversold but it is getting there. It's almost @ support level. #bitcoin is leading is lower move. Need to keep an eye on #ethereum & also #altcoins to see how they behave over next day or so. Still sitting on $ and waiting this out to see how far it goes.
CME:BTC1!
by ROYAL_OAK_INC
$BTCUSD: Bitcoin could have peaked hereThere's two distinct possibilities here for crypto, Bitcoin topped or it will go sideways to coil for the next big move to the upside, likely for 7-8 weeks, or a few more months...This is not the type of juncture where you wanna be heavily involved, and if you are I would consider hedging with OTM puts for 8 weeks, or selling calls OTM for that long. Shorting is ok but I rather not short crypto, rather just move to cash and watch. Best of luck! Cheers, Ivan Labrie.
CME:BTC1!Short
by IvanLabrie