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Btc1

🆘Is BITCOIN really aim to fill the GAP !? 🤔🤗😉 What sup GUYS!? 🤘✌️ today I'm gonna look at Bitcoin from a different perspective in the CME Futures market, and we can see that bitcoin has recently lost a significant level of pivot Zone and is also trading under the Ichimuko cloud, both of them have made a more difficult situation for Bitcoin and at least should be able to. Return on the top of the pivot zone again to prevent it from falling more. Otherwise, the price may be traded for a short time around current mini gap , and it is likely to move to bigger gap , the lower target and between the range of $24k-$26k . Of course, it is not necessary to fill the price gaps, but history has shown that the price is loyal to these gaps and there is a possibility that it will be filled again. -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion ,not a financial advice ,so do your own research. 💜 if you're a fan of my analyses PLZ follow me ,give a big thumbs 👍 and drop comment 🗯💭
CME:BTC1!
by PRO_SMART_Trader
Bitcoin - No All-Time-High in sightYesterday, Bitcoin plunged below 39 000 USD. However, the drop was quickly retraced and BTC bounced as high as 41 754.05 USD today. We continue to maintain a relatively neutral stance in the short term as we expect choppy price action to persist for a little longer. However, we are turning increasingly bearish in the medium term. Because of that, we would like to set a medium-term price target for BTCUSD to 37 500 USD. Illustration 1.01 The illustration above shows the upward sloping channel indicated by two white dashed lines. Price can be seen rising throughout this channel, however, the decline in volume accompanies this price action. That signals caution to us. Technical analysis - daily time frame RSI started to turn bullish. MACD and Stochastic are striving to turn bullish as well. Indeed, MACD may perform a bullish crossover soon, which would bolster a bullish case for BTC in the short term. DM+ and DM- remain bearish, with ADX indicating the presence of a neutral trend. Overall, the daily time frame looks less bearish than in recent days. However, we will pay close attention to BTC's ability to move above 50-day and 100-day SMA. Failure to move and hold above these levels would suggest more selling pressure ahead. Technical analysis - weekly time frame RSI is neutral, and the same applies to MACD. Although, MACD remains in the bearish area. Stochastic, DM+, and DM- are bearish too. Meanwhile, ADX indicates no significant trend is present. Overall, the weekly time frame is neutral. Illustration 1.02 The picture above shows simple support and resistance levels. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:BTCUSDShort
by Tradersweekly
89
Bitcoin - BTC's volatility continuesBitcoin continues to exhibit choppy price action around the 40 000 USD price tag. However, that does not change our stance on it. We remain bearish with the short-term price target of 37 500 USD and medium-term price target of 35 000 USD. Technical analysis - daily time frame RSI is neutral. MACD and Stochastic are bearish; however, MACD is trying to reverse to the upside. DM+ and DM- are bearish. ADX continues to increase, which signals that the bearish trend is gaining strength. Overall, the daily time frame is bearish. Technical analysis - weekly time frame RSI, MACD, and Stochastic are bearish. The same applies to DM+ and DM-. ADX contains relatively low value, which suggests the presence of a neutral trend. Overall, the weekly time frame is bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:BTCUSDShort
by Tradersweekly
Bitcoin - Bearish outlookBitcoin fell below 40 000 USD, and we continue to maintain the bearish stance. Although, we would like to change our medium-term price target of 37 500 USD to a short-term price target. Additionally, we would like to set a new medium-term price target of 35 000 USD. Technical analysis - daily time frame RSI, MACD, and Stochastic are all bearish. The same applies to DM+ and DM-. ADX suggests that the momentum of the bearish trend started to increase again. Overall, the daily time frame is bearish and suggests further weakness in the short term for BTC. Illustration 1.01 The fifty-day exponential moving average (blue line) indicates a bearish condition for BTCUSD. Technical analysis - weekly time frame RSI and MACD turned bearish from the prior neutrality. Stochastic continues to be bearish. DM+ and DM- show the prevalence of the bearish trend. Meanwhile, ADX started to increase, indicating that the bearish trend is regaining strength. Overall, the weekly time frame is bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:BTCUSDShort
by Tradersweekly
2
BTCUSD: Rangebound Rules Still ApplyThe entire price action year to date has been sideways. There have been attempts to break out of this range but nothing sustained. Longs and shorts can be entered with confidence when price touches either extreme of the range. The successively higher lows suggest that this pattern will eventually break out, but since the rising trendline is very gradual, I'd posit that we've still got some weeks of rangebound trading ahead of us before a wedge breakout. A market that trades in a clearly defined range is the easiest way in the world to make money. It simply requires a little patience. Don't chase momentum. Be greedy with your entries and wait for best trade location at the extremes of the range. Currently we are trading in the middle of the range today, and therefore my bias is neutral as we could go either direction. When price action reaches either extreme of the range the probability is strongly in your favor for price to return to the center of the range. Enter at the extreme and take profit in the center. Stay safe out there everyone. Happy trading!
CME:BTC1!
by iamroot
BTC1! (Bitcoin Futures) - Bullish Double Bottom at Support - 4HRBTC1! (Bitcoin CME Futures) has double-bottomed above $39,500 trendline support (4-hour chart). If support prices hold, Bitcoin could rally over time to resistance prices above. Entry (long): $40,165 Profit Target +7% (exit): $42,915 Stop Loss -3.5% (exit): $38,640 Utilize stop loss, position sizing, risk management. Note: Crypto market has short-term correlations with the USA stock market & tech stocks. Support prices need to hold strong, and bullish continuation is needed to sustain a bull rally. All content is Not financial advice. Trade at your own risk.
CME:BTC1!Long
by NoFomoCharts
BTC Nearing Completion of Downward RotationThe island top that was left above the 2 month balance range proved to be a powerful reversal signal. BTC has traded quickly back down through the balance area. Look for a test below the rising trendline in the next few days. We have seen 2 deep tests below this trendline in the past 2 months, but no daily close below it. A test below, followed by a daily close above, would present an excellent opportunity to place a long. If the market does not test below this trendline in the next 2-3 days, then firmer buying support may be present, and longs should be entered with a stop loss below the trendline. A daily close significantly below this trendline would invalidate the rangebound market state, and the market may trade lower.
CME:BTC1!
by iamroot
Bitcoin At A Critical Level (BTCUSD)Bitcoin is trading to the top of its 3 month balance area. This level has presented as strong overhead resistance this past couple of months. A breakout above this level on increasing volume would likely see Bitcoin trade to 52000 in the coming days. More likely will be a rejection of this level, seeing Bitcoin trade back down through its recent range. I say that because ranges are more common than breakouts, and Bitcoin has been rangebound for all of 2022. The next few hours should reveal either a breakout with immediate follow through, or a test/reject reversal from this level. Remember, trade what you see, not what you THINK should happen.
CME:BTC1!Short
by iamroot
Bitcoin - Has fake rally came to an end? Recently we noted that migration of capital out of Russia would benefit cryptocurrencies. We even noted that it was possible for the downtrend in cryptocurrencies to cease and reverse to the upside, especially if the general stock market would stop ongoing selloff. However, so far this has not been the case. The general stock market has been volatile and relatively weak. Meanwhile Bitcoin experienced a short lived bounce in price. However, the rally came to a quick halt and BTCUSD fell back to 38 000 USD region. At the moment we are neutral on Bitcoin. We will watch its price action closely in the following days and we will reevaluate our view after the FOMC and its rate decision. Illustration 1.01 Picture above shows the daily chart of BTCUSD. It can be observed that the price action of BTCUSD has been sideways within the last 6 weeks; this is reflected in the low value of ADX. Technical analysis - daily time frame RSI is neutral. Stochastic and MACD are bearish. DM+ and DM- show bearish conditions in the market. ADX contains relatively low value which suggests that no trend is present. Overall, the daily time frame is neutral. Technical analysis - weekly time frame RSI started to flatten which signals neutrality; however, its medium-term bearish structure remains intact. Stochastic and MACD are neutral. DM+ and DM- show a bearish trend; meanwhile ADX signals presence of no significant trend. Overall, the weekly time frame is neutral. Though, 20-week SMA and 50-week SMA are due to generate crossover which would bolster bearish case for BTCUSD. Support and resistance Short-term support lies at 32 950.72 USD and short-term resistance at 45 850 USD. Major support level is at 28 600 USD and major resistance level is at 69 000 USD. Resistance 1 is at 52 098.60 USD. Please feel free to express your own ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Your own due diligence is highly advised before entering trade.
BITSTAMP:BTCUSD
by Tradersweekly
14