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Bitcoinfutures

Bitcoin Continues to stay LongBitcoin has made a nice 7% gain for us on our trade yet we stil need a further break to the upside to consolidate these gains. A move higher could see Bitcoin head towards 6600USD as we run up to the end of July. What we don't want is a sharp sell off and drop back to 5000USD. This would erase our gains. Bitcoin is only 1 of 8 that we trade so this isn't the end of the world for us luckily. We've made big gains on ADA this year - typically we look to the other futures to trade against bitcoin. Stay tuned in, until tomorrow when we have our next review. Best regards, Grey Fx Empire
BITMEX:BTCUSD.PLong
by GREYFXEMPIRE
BTC running into a brick wall?BTC continues its crazy run but ran into serious resistance here at around $5,500 It was an area where we paused right before the dump to new lows. If we can break above this level than 5800-6000 is on the cards. Hedging long positions here would be a smart idea in case we do pullback as the gaps below are plentiful right now to go and close A close back below the breakout and closing of the gap right under would spell pullback lower into the 4ks Thanks guys
CME:BTC1!
by CM_Trades
BTC quickly closes weekend gap! BTC has a rather larger than normal move over the weekend We saw price take another leg lower hitting the $3,400 region That did cause a gap down on futures BUT it was short lived as we popped right back into the void and have now filled it We continue to remain below both EMAs and below both monthly opens at the moment and until we can regain either/or both, bulls need to proceed with caution here This strong move up this morning is good to see but the next few hours and even daily close will give us a good idea of what the possible next move to come is Something to keep in mind are the remaining gaps left to fill at $4,300 and $3,200 Bakkt ETF decision is approaching as well so we could see a pump into the news and very likely see a "sell the news" event afterward Thanks guys!
CME:BTC1!
by CM_Trades
ALL GAPS FILLED ON BITCOIN CME FUTURES: EASY MONEYSince futures trading began in December of 2017, no gap has gone unfilled in the futures trading market. To me, this could mean one main thing - Institutional traders are in fact here, and they are winning big. They are hedging their spot positions in BTC with options to guarantee profitability. Whether or not my interpretation of this theory is true, the fact remains that price has gravitated back toward any liquidity gaps that have appeared in the BTC futures trading. The maximum amount of time for this phenomenon to play out has been 1 month. It is Sunday and Bitcoin is dropping. If it closes Sunday below $3500, a significant gap will have appeared. A trade strategy here could be going long below $3500 and waiting for the gap to be filled at a later date.
CME:BTC1!
by scottystu
BTC CME - Will this GAP fill before the next move up? BTC futures was able to break above the channel/bearflag last week but was rejected at the 50%FIB of the recent down move and sent back down into the channel. However, before everyone gets excited for a move higher, there is an unfilled gap in price at around $6420 and every time there has been a gap in price on Bitcoin futures they have been filled somewhat quickly. I highly doubt this time will be an exception so if you're looking to go long or looking for a short, this could be a good entry target or take profit as this zone will act as a magnet but we could see a further move lower back towards the bottom of the channel. We haven't really made a new high on the RSI, basically flat while price continues to make new highs, which exhibits bear divergence at the moment. If we do get the gap fill, pay attention to the volume as a high volume sell-off from the top of this channel could spell further downside and a break below, which from a bearflag could spell test of yearly lows. As always, wait for ideal entry points and wait for your targets and don't chase. Thanks guys!
CME:BTC1!
by CM_Trades
4
$44,000 Bitcoin By Year EndWe can compare Bitcoin over the past year or two to Gold from the birth of Gold futures contracts to see why Bitcoin has a good chance of hitting $44k by year end or by early 2019. When each asset broke its previous ATH it pushed for a new ATH well above the first (peak Euohoria zones, Gold 4x and BTC 20x). Each asset topped out at 1.0, then retraced 0.382, tested 0.786 and fell. Gold bottomed out at a previous resistance zone similar to BTCUSD at about $5000. The Gold 'flat' market from 1980-2006 will likely be a much shorter process for BTC. The Gold catalyst was the movement of capital to safehavens after the financial crisis, we could see similar behaviour towards BTC in the future. BTC's first Euphoria zone has five times greater return's than Gold's peak euphoria zone, later Gold hit the 2.618 level. If Bitcoin mimics Gold and hits the 2.618 level at $44k. By this analysis, $44k seems like a CONSERVATIVE long term estimate, considering bitcoin's volatility and previous price appreciation.
COINBASE:BTCUSDLong
by fitzpa59
3