Bitcoin CME FuturesUpdated BTC short term
i used Heikin Ashi cuz we have less lag than normal candles and no gaps.
We are starting to make a red candle on 1D so be cautious, as you can see in chart, it's very rare when a red candle is followed by a green candle on 1D TF.
so firstly, you should wait this candle to close before taking a decision and action.
3 short term scenarios :
1. BTC just renforcing and could break 14k and push to 15900ish
2. BTC retracing to 12250ish and continue on trend
3. BTC Break trend down and retrace to 10400 to close the CME Gap we made few weeks ago around 11200
Anyway we are in a zone where you want to act as spectator for safety, and wait confirmations, but if you invest for long term in btc no worry ^^
Also remember i made this analyse with CME so the price is different than normal exchanges.
Happy Tr4Ding !
We are starting to make a red candle on 1D so be cautious, as you can see in chart, it's very rare when a red candle is followed by a green candle on 1D TF.
so firstly, you should wait this candle to close before taking a decision and action.
3 short term scenarios :
1. BTC just renforcing and could break 14k and push to 15900ish
2. BTC retracing to 12250ish and continue on trend
3. BTC Break trend down and retrace to 10400 to close the CME Gap we made few weeks ago around 11200
Anyway we are in a zone where you want to act as spectator for safety, and wait confirmations, but if you invest for long term in btc no worry ^^
Also remember i made this analyse with CME so the price is different than normal exchanges.
Happy Tr4Ding !
Note
finally finished with a green candle followed by another strongest green today. patience as we didn't break the trend for now. Note
this is one of the reason to look CME and Metrics more than regular exchanges.Note
scenario 1 confirmedNote
feel free to come back to this old analyse to understand more about decoupling fibo.
Note
4H TF update. you can see that we started to make some red candles around 16k ish. if you look candles closely, they are forming spinning tops. difficult time for bears still trying to push down the king.
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