Bitcoin CME Futures Daily Chart Analysis
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Here is my daily chart analysis for the Bitcoin Futures since the beginning of January 2020 till today.
Bitcoin was in a bullish channel and broke it around 10 000 price level.
Then on the 7 & 8 March 2020 Bitcoin did a Daily Gap about 1000 points & extended till 5000 price level.
This price level in the futur could be a good support in a bearish scenario.
But actually, my chart analysis shows a small bullish scenario.
Indeed, Bitcoin broke the triangle & the VWAP with a " Powerful " bullish Hollow Candle.
The goal is that Bitcoin reach to the
10 500 price level which was also by the past the end of our bullish channel by price break.
But we have to pay attention because the volume divergence line was broken by two important volume bars.
The " problem " is actually the second bar which is bigger than the first one.
It's why it's better if we wait till the next bar to see what's happening.
You can also watch that the actual Hollow Candle did a wick.
Not a big wick but enough important to say that sellers are in the place.
9000 price level could be a good resistance if sellers push more tomorrow & also because 9000 was the GAP level.
So, Bitcoin could reach next week the 10 500 price level but we have to pay attention for a possible pullback tomorrow on the VWAP.
It's all for this chart analysis & i really hope you'll like it !
Don't forget to support me by following & like !
Thanks & see you !
First please give me your support by following & put a like thanks !
Here is my daily chart analysis for the Bitcoin Futures since the beginning of January 2020 till today.
Bitcoin was in a bullish channel and broke it around 10 000 price level.
Then on the 7 & 8 March 2020 Bitcoin did a Daily Gap about 1000 points & extended till 5000 price level.
This price level in the futur could be a good support in a bearish scenario.
But actually, my chart analysis shows a small bullish scenario.
Indeed, Bitcoin broke the triangle & the VWAP with a " Powerful " bullish Hollow Candle.
The goal is that Bitcoin reach to the
10 500 price level which was also by the past the end of our bullish channel by price break.
But we have to pay attention because the volume divergence line was broken by two important volume bars.
The " problem " is actually the second bar which is bigger than the first one.
It's why it's better if we wait till the next bar to see what's happening.
You can also watch that the actual Hollow Candle did a wick.
Not a big wick but enough important to say that sellers are in the place.
9000 price level could be a good resistance if sellers push more tomorrow & also because 9000 was the GAP level.
So, Bitcoin could reach next week the 10 500 price level but we have to pay attention for a possible pullback tomorrow on the VWAP.
It's all for this chart analysis & i really hope you'll like it !
Don't forget to support me by following & like !
Thanks & see you !
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