BTC-D
$BTC : CME Gaps on Bitcoin.This chart is just to reflect on later/view to identify the current gaps on the Bitcoim CME chart.
But why is this important?
CME, as a multi-billion dollar derivatives company, has no incentive to push for Bitcoin options and other investment vehicles if there simply is no traction or demand from the market. As the company’s executive Tim McCourt said, CME’s Bitcoin futures market facilitated around $270 million per day:
“We’re pleased our CME Bitcoin futures have rapidly evolved over the last two years to become one of the most liquid, listed Bitcoin derivatives products in the world, averaging nearly 6,400 contracts (equivalent to 31,850 Bitcoin) traded each day in 2019.”
$BTC : How do you like your Bitcoin scallops? Two ways!Possible descending scallop pattern on BTC.
Ive made two charts two show that:
1. We could be already playing out the breakout of this pattern (left chart)
2. We may come down now and this pattern can fail this is the real breakout of the pattern (right chart)
Descending scallops form the rounded bottom then after a short uptrend the price swings back violently before moving back up to breakout upwards of the point it swung back from, which is the breakout level labelled on the two charts.
Long for short term was clear!As you can see on the MACD, a crossover occured showing signs of an uptrend. Guess what - an uptrend did occur. Use the MACD!!! Also, if you had looked at the RSI a few minutes beforehand, you would have seen that it was at about 30-40, which COULD (not should) signs of going long! If that does not work for you, go for time frames such as 4H to see if your theory is correct!
VIRUS was TREND ANOMALYI made this chart at the end of 2019, It has played out correctly....SHORT OF A VIRUS HAPPENING...
After the Election in the USA, we are likely to see the world change.
Odd are in the favor of FREEDOM...we'll see...
END OF DECEMBER 2020... BTC LONG TERM TRENDLINE will break ABOVE the JUNE 2019 recent HIGH...
AFTER THAT... WE SHOULD BREAK THROUGH 20K LIKE BREAKING THROUGH PUDDING.
EASY HYPERBOLIC JUMP TO 170K-200K!!!!!
THIS WILL CHANGE THE WORLD FOREVER.
And all the CRYPTO PROJECTS that are SECRETLY BEING CREATED RIGHT NOW...
Will MAGICALLY APPEAR... TO SELL YOU THEIR COINS AT HIGH TICKET PRICES...
Obvious STRATEGY...
Expect BIG CREDIT CARD COMPANIES TO ALL RELEASE THEIR CRYPTO REWARDS CARDS INSTEAD OF TRAVEL CARDS.
Dollars, Mortgages, Interest Rates, Worldwide Commerce, WILL ALL CHANGE.
hopefully we build FREEDOM, and not TYRANNY.
USE CRYPTOS FOR GOOD, not evil.
Ethereum or Bitcoin what's the differenceSee previous postings. Will history repeat, or, will it be different this time. NOT ADVICE. DYOR.
Bitcoin best trend breakouts have been at beginning of quarter
Bitcoin best trend line breakouts have been at beginning of quarter. Will it be different this time. Box in yellow 1st two months of red candles after green. Add multi-time period charts (quarterly true range). Add yellow trend lines. Add dotted horizontals where weekly SPX closed above 100 WK MA . Add white horizontals to indicate high of last two red candles. Add 20 & 7 MTH MA's. NOT ADVICE. DYOR.
Update - My post April 2, 2020, "Bitcoin & Big Oil" Update - My post April 2, 2020, "Bitcoin & Big Oil" . First point of interest - Using MACD of USOIL (WTI) point before precipitous decline. See what happened when bitcoin closed month end above $365 NOV 2015 and thereafter. Notice in each case c.55% drop before rise. Bitcoin has yet to close out month above $9084.7. Second point of interest - Monthly Dollar Index if close below 98.82 (Mid point of volatility Mar 2020) see what happened to SPX when closed below 95.48 (Mid point of volatility Aug 2015) March 2016. NOT ADVICE. DYOR.
#BITCOIN Saturday Review [May, 17th]#BITCOIN Saturday Review
$BTC isn't overbought at all and still strong enough to defend $9400 - $9500. If the triangle is broken, we can see some growth till $9800, maybe a bit higher.
The best trading solution is to go long after the retest of the triangle resistance.
The #1 Question... When To Buy & Sell! (BTC)To all existing students we want to say thank-you for enrolling with Major League Trader! 😁
We are always working on developing additional studies to add to your current curriculum and we think we may of found an additional method to make the current "Crossover Strategy" even more powerful!
This will make the buy and sell opportunites even Easier to identify with less chop.
We will be adding this study to your course shortly.
Take a brief overlook of the chart of bitcoin above and notice how easy it is to find the major trend shifts.
We hope you will enjoy this addition to your study guide.
This will work with any market.
See you soon!
Happy Trading,
MLT | Major League Trader
Bitcoin to the moon watch SPX WK CLose 8/5/20See last couple of times what happened to bitcoin price when Weekly SPX closed above 100 WK MA. CAVEAT- Small sample size. NOT ADVICE. DYOR.
Bitcoin | Halving FOMO & 10k Mark...!!#BTC (Update)
On 12th March, Bitcoin Price Was Just 3.8k & Now It's Back Above 10k in Just 57 Days.
In Last 10 Days, Bitcoin Bulls Printed TWO 1000$ Candles, That's the Real Halving FOMO, We're Expecting.
Now, Bitcoin Hanging Between Strong Support (9.2-9.6k) & Resistance (10.4-10.6k) Range.
In Next 3-4 Days, Bitcoin Could Move Unexpected So Hold Some Bitcoin & Convert Some Bitcoin Into USD..💰
Warren Says “Be fearful when others are Greedy and Greedy when others are fearful.”
In Weekly Chart, Bulls Facing the Major Resistance, In Case of Triangle Breakout, Bitcoin Could test the 12k Mark..
In Weekly View, Breaking the Expanding Wedge, But We Should Wait for Weekly Candle Close..!!
Bitcoin Dominance Increasing As Well So Trading/Holding ALTS Has Risky So Better to Stay Away, Instead of Wasting Money..!!
By the Way, Bitcoin Block Halving Just 3 Days Away..!!
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Can bitcoin cross trend line without an SPX WK C > 100 MAFollow up to previous post. NOT ADVICE DYOR.
If Weekly SPX close above 100 MA will it be different this timeLast time market speculated SPX bottom "not in" bitcoin rose between 26% & 157% equivalent today $9,592.88 & $11,953.03 ($7,613.4 (WK Low) x 1.26 = $9,592.88 &
$7,613.4 (WK Low) x 1.57 = $11,953.03) NOT ADVICE. DYOR.
Bitcoin | Halving FOMO & Wedge Formation..!!BTC/USD (Update)
Bitcoin Has been doing Awesome Job since 12th March Crash, Majority Were Waiting for 1k Dip & Missed it.
At the Moment, Bitcoin Has Recovered up to 140% Since 3.8k Dip/Bottom.
It's Been Breaking the Every Single Resistance one by one & Liquidating the Bears .
In Bigger Chart, It's Following the Expending Wedge Pattern & Now Heading towards the Major Resistance (9.6k)
Yesterday, Bulls Did Great Job & in Strength (That's the Real Halving fomo, We're Waiting for)
I Hope You Guys Enjoying the Bitcoin Ride & We're too Closer to Bitcoin Halving ( Almost 12 Days Away)
Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!
Thanks for Your Love & Support..!
NISON - SWING TRADING STRATEGIESNISON - SWING TRADING STRATEGIES
PB&J - Pullback to Sweetspot
TT9 - Trading The 9
Trailing Stop
BTC VS EURO DOLLAR Even though I am long term Bullish COINBASE:BTCUSD , I'm always open to other short term outcomes....
COINBASE:BTCUSD vs FX:EURUSD
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BTC and MacroEconomics FundamentalsBitcoin are "anti-inflationary" asset . In deflation times ( prediction: mid 2020 - mid 2022) Bitcoin is not good asset to hold.
Better strategy is to buy high amounts at mid 2022 (expected low).
Bitcoin | Big Move Ahead..!!BTC/USD (Update)
In Daily Chart, BTC volume has been Decreasing since 12th March Crash, that Means Big Move Ahead.
At the Moment, It's Been Moving Btw Major Support (6.6-6.8k) & Key Resistance (7.4k)
If Bulls Cleared the Resistance (7375) then Bitcoin Might Jump towards 8.8k Area in Coming Days.
If Bulls Lost the Major Support Area then We Could See Another Crash in Coming Days (Target Will be 5.2-5.4k Area)
In 8h Chart, EMA200 (7332) & EMA100 (6950) Both Are Play Important Rule As Key Support & Resistance Level.
At the moment, Bulls holding the EMA100 (Support) & Pushing the Bitcoin price towards EMA200 (Resistance)
Now If Bulls Cleared the EMA200 (Resistance) & Weekly Candle Close Above it then Bitcoin Might PUMP Hard in Coming days (We Could See HALVING FOMO)
If Bitcoin Bulls Failed to Hold EMA100 (Support) Then It Might Retest the 6.4-6,6k Area Again.
BTW Bitcoin Bulls Already Broke the Bullish Flag & Now Forming Another tiny Bullish Flag .
In Case of Bullish Move, Target Will be Between 7340-7380 ( CME gap Area)
Outline : At the Moment, I'm Bullish on BTC & It Might Test the 7340-7380 Area, & Also Waiting for Weekly Closing, It Will be Important for Halving FOMO.
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Thanks for Your Love & Support..!
