Is Bitcoin going to fill this gap?I've put some limit buys on this level where the CME gap is as gaps often do get filled up so another opportunity to get more of BTC for a discounted price.
BMC1! trade ideas
BTC struggles again at resistance area#Bitcoin peaked "yesterday" morning. So far today it is holding the RED Mov Avg, arrow.
We see 3 bullish moving avg crossovers shown by the circles.
Volume has been mostly selling, but holding well. Interesting to say the least.
CRYPTOCAP:BTC RSI is a tad weak, which is concerning.
thee only bearish person on BTCBTC isnt ready to pop just yet, there is a divergence with gold and the Fed are propping it up retail buyers to pump for them to scalp (today 2Billion worth for 3-4,000 Drop)
I think the market is in shambles and Papa Powell is using BTC to prop the market a little longer ... February we will be at our absolute peak unless Trump goes wild and builds a Bitcoin casino in Vegas
7-29-24 Pre Market Main Focus List REviewGoing over our main Focus list Monday Pre Market Open 7-29-24 looking for RS and how to trade the day.
BTC will drop in form of wave E of 4 correctionin this view wave 4 has not ended yet and wave E still on its way to confirm...so if this idea happen,price will drop here until the last low swing touch and after that we will se wave i of bigger 5 up to break last high...
BTC first idea...we r in wave i of big 5 up!!!in this idea wave 4 correction has ended in form of ABCED wave and now we r in wave i of bigger 5 up...so the price will go up and break the last high and after that we will se a correction in form of wave ii...and after that wave iii will start and price will flyyyy so high...but there is another view we will see in next post
BTC ....To the moon , or once more into the valley?Does the CME gap matter any longer? Weaker momentem and dropping volumes indicste this 3rd push upwards might perhaps be just retail traders drinking too much "Le Trump" at the BTC Conference.
Don’t fall for moon boys Bitcoin is becoming overbought and still has two significant CME gaps to plunge through,
It needs to fall and strongly wick/rebound at 58k if it’s to rise to new all time highs
Chart Pattern Analysis Of Bitcoin
From K1 to K3, it is strong bullish morning star pattern,
The increasing demand and bull gap verified the bull trend.
It is very likely that another bull run had started earlier.
It is a potential Wave(5) of this three year bull market.
So, I bought it here.
If the following candles close below K1,
I will try to get out of the market.
$btc short lockedin profits heading into weekend from my yesterday longs , will attempt a short here , btc didnt fill its cme gap at 62k. before ATH
Thinking about system hopping while learning to trade?Thinking about system hopping while learning to trade? Here are some of the thoughts I transmit to my students on the implications:
1️⃣Consistency is key: Jumping from one trading system to another can hinder your progress. Developing expertise requires time, practice, and disciplined execution of a proven strategy. Stick to a system that resonates with you and give it a fair chance. Trading is all about probabilities and you need to allow for enough data to let the edge manifest itself over time.
2️⃣Understanding market dynamics: Each trading system is designed to capitalize on specific market conditions. By frequently switching systems, you might miss out on understanding the nuances of different market environments and the system's effectiveness within them.
3️⃣Emotional roller-coaster: Constantly switching systems can lead to emotional turmoil and indecision. Building confidence in your trading approach takes time. Sticking to one system allows you to master it and navigate market fluctuations with a steady mindset. If you keep changing you will eventually lose your money, your mind... and your way.
4️⃣Learning curve delays: Switching systems resets your learning curve. Consistently studying and fine-tuning one strategy helps you grasp its intricacies, identify potential pitfalls, and develop strategies to overcome them. Embrace the learning process. Think about how long it takes to learn something properly. Now imagine resetting constantly back to zero.
5️⃣Data-driven evaluation: Rather than system hopping, analyze your trading performance systematically. Keep a trading journal, review your trades, identify areas for improvement, and make adjustments within your chosen system. Data-driven decisions yield better results.
Remember, finding success in trading requires discipline, persistence, and a well-executed plan. Avoid the temptation of quick fixes and stay committed to mastering your chosen system. 📈💸
47k Coming for Bitcoin?$Bitcoin #CME 1D chart;
The gap formed by the opening last week has not yet been filled. I think the rise will not start before this place is filled.
The Bat Harmonic structure, which is also formed in the current structure, points us to $ 47k levels. It is difficult to say anything clear if it will come true. However, we should not forget that this possibility also exists.
Bitcoin had received an upward reaction with the support it received with its last visit to the IMB level. However, as can be seen, it has not yet made any contact with the IMB zone at $ 47k levels.
It doesn't always touch these areas, of course, but why not:)
Giant Cup and Handle on the 1-weekGiant cup and handle pattern on the week, once the handle breaks resistance with confirmed volume the measured move price target is $120,000 USD. This will take several month to play out.
BTC Planning Short Trade From Extreme Supply Target CME GAPPlanning Swng Short Trade Above 71k on BTC and the target is atleast 56 k which is CME GAP & the neck Line of Inverse H&S
Focus List Review Longer Term 4hr Charts Going over our Focus list looking for direction and clues as to how to position ourselves for the upcoming week in our Power Portfolio.
BTC CME Futures update - July 18 2024#BTC CME futures chart is also showing that there's gap in 58,790 - 60,845 zone and it's possible that price aims to fill it!
so it's important to see price's reaction to this gap: will it support the price or not?!
it's worth mentioning that since last summer, almost all 4H gaps were filled in a short time after they were created!
So it's high possibility that the gap will be filled this time as well!
Bitcoin - Is it ready to challenge the top of its 3-year channelI will confess I am not great at Elliott wave but does anyone else view the sideways to lower price action on Bitcoin as an ‘a-b-c’ pattern?
If it is, we should see the market head back up to the recent peak at 74415 and the top of the 3-year channel at 76760
#bitcoin #elliotwave #technicalanalysis #markets
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Bitcoin CME Futures capI am seeing a cap between 57895 to 60845 in Bitcoin CME Futures chart. These caps tend to get filled or retested and it can mean that there is a pullback to happen before Bitcoin reaches to 69500.
Disclaimer:
The information provided in this chart analysis is for educational and informational purposes only and should not be construed as financial advice. I am not a licensed financial advisor, and this analysis does not take into account your individual financial situation or investment objectives. Any financial decision you make based on this information are solely your responsibility. Please consult with a professional financial advisor before making any investment decisions.
BTCUSD GAP CMEBTC ~ CME Gap
#BTC We found the CME Gap here. Stay alert to the possibility of closing this GAP first.
BTC1! - Will the Gap Fill ???BTC1!: The Gap That Refuses to Be Ignored
A gaping hole in the Bitcoin futures chart is calling for attention.
Will the market obey its magnetic pull?
The Story of the Gap: The gap in BTC1! (Bitcoin futures) likely formed due to a significant price movement outside of regular trading hours. This could be caused by:
News Events: DONALD J TRUMP
$BTC call to the DAY!!! Called Capitulation few days ago!Not one to brag but....... TO THE DAY!!!!!!!
How long, how many months, have we been posting this chart with phase 1 and phase 2 of #BTC???
Well, first let's see where CRYPTOCAP:BTC closes today. But so far it is looking good at a close on the EXACT day of phase 2.
FYI
#bitcoin volume is pretty good and still a lot of time left untill the end of the day.
#crypto
BTC breaking out to new ATH?Hey traders!
The short scenario didn't work out, and we grew so fast that a huge gap formed in the futures market.
So, most likely, we're going to close this gap, and then the growth will continue. Given that we're in the middle of summer and approaching August, I expect we will see further growth. However, we will also need more confirmations, such as a golden cross and higher volumes, as current volumes are not very high.
Your thoughts?
Nice big gap on bitcoin Be aware there is a CME futures gap down to 58k
That’s got to be filled if btc is to carry on its upwards motion
