💎Technical Analysis Summary💎 BTC/USD -Bitcoin weekly swing top has been set at 64k dollars -The recent dump touches its weekly strong support zone -We can see a bullish rejection near the 50W moving average -This is a good sign but still not enough to push the price back above -I think we will trade below the 40k or low 40k zone in the coming days -Expect high...
Hello, 1. Elliot wave retracement for wave 2 is at the green pocket at previous resistance which will be tested as support. 2. CME GAP AT 60K levels. 3. same fractals from historical price movement. 4. Harmonic Cypher pattern will throw the price to 60k levels back again. 5. Volume is missing on this breakout. possibly bulls waiting for a retest, 6. RSI Is...
💎Technical Analysis Summary💎 Bitcoin CME Futures -Bitcoin creates a big CME price gap from 62k down to 57k zone -We didn't see any bounce up reaction to fill the big CME gap above -But what BTC did is filling the small gap last March 29 around the 55k-54k area -Currently, the price is trailing just above the 200MA support at the 6H time frame -If BTC holds...
BTC may see a quick dip to 54k to fill the last CME gap before Bulls get the fuel to continue on the run to 70K and beyond.
Here's a quick look at BTC CME 4 hr Chart. As we can see, we have unfilled CME gaps at different price ranges. These gaps Tends to get filled very often. Tho there's no specific timeline for when they'll get filled. Right now there's a gap at 54.3k And it makes sense for the market makers to push the price down again to fill the gap as the price is already close...
Be aware that every weekend the CME is closed and any futures GAPS must be filled the following monday at or before 7:30. Take advantage of these price swings as they can be excellent bumps in your trading and/or great entry points for a good long
What Is a Gap? A gap is an area discontinuity in a security's chart where its price either rises or falls from the previous day’s close with no trading occurring in between. Gaps are common when news causes market fundamentals to change during hours when markets are typically closed, for instance an earnings call after-hours. KEY TAKEAWAYS -A gap is a...
💎Technical Analysis Summary💎 BITSTAMP: BTCUSD -My previous idea on the 1H time period has failed for Bitcoin -We zoom out to the 4H time frame to look for dynamic areas or key support -We can see BTC respected the 50ma 4H dynamic support at least 4 times -If history will repeat itself, Bitcoin might do the same action -This idea will not work 100% all the time...
💎Technical Analysis Summary💎 BITSTAMP: BTCUSD -The Bulls defended the 50ma on the 1hr time frame -We saw the price rejecting the dynamic support area -This zone is also a confluence of previous resistance -If we want the market to continue its strong uptrend -It must go back above the 0.5 Fib level area -And retest the recent top at 18.9k dollars -A 2nd retest...
💎Technical Analysis Summary💎 BITSTAMP: BTCUSD -Bitcoin rejected at 200M dynamic resistance -Plus the old support turned new resistance today -If we can see follow-through by the Bears -BTC is likely to retest previous support at 10.1k range -Currently on the short term, Bears have access in the market -Let's wait and see how BTC will react at low 10k strong...
There is no sign of waning selling pressure yet and lower high/lower low structure has been established. Bounce back is weak after the selloff. Mostly likely scenario is for the price to come back down to the demand zone first. Then, we go through a period of consolidation before the price takes off again.
Le cour du prix du BTC est dans son nuage daily, porté par la SSB actuellement a 10k8. Le nuage hebdomadaire est haussier, projeté 26 périodes dans le futur, ici 26 semaines de 5 jours ouvrables dirais-je) Mon SL remonte a mon prix d'entrée si je le souhaite pour sortir a mon prix d'entrée, soit c'est l'occasion de rentré avec un stop serré sous la SSB...
BITSTAMP: BTCUSD -After the massive sell-off recently, BTC might temporarily found a support -The 10k area is now acting as a strong Buy zone after we saw a double retest -We can see a Bullish candle together with a big green volume -The RSI is showing a little divergence on the 1hr time frame -Bitcoin might be ready to test the downward trendline...
Based on the ascending broadening wedge formed on the CME chart, Bitcoin has a 52% to break down to approx. $11K. However, that means that it has a 48% chance to break to approx. $14K. What do you think? MACD is indicating a break lower. However, here is the good news! These patterns don't typically form in bear markets! They form in BULL markets, so that's...
BTC/USD -Bitcoin just had a Bull trap after breaking the recent high at 12.1k -The price slowly dumping down to 11.6k located the trendline support -We can see a Bullish reaction candle on the 1st retest of trendline -BTC is still on an uptrend but a sign of weakness is showing -Though the trendline of support still valid -We still need to be cautious as the...
BTC/USD -Bitcoin is about to confirm a Bearish Double Top reversal -The price is starting to break the upward trendline support -If the next candle will close below the key trendline -It is likely to confirm this reversal pattern -The downside target below is 10900-10700 range -We can see multiple bearish signs on BTC -RSI divergence, Strong sell volume &...
X Force Global Analysis: If you find our analyses to be helpful, make sure to support us by dropping a ‘like’ In this analysis, we explore the Bitcoin CME Futures chart on the daily in order to understand the technical barriers that Bitcoin faces in its bullish rally. Analysis - A gap is an area discontinuity in a security's chart where its price...
Bitcoin CME Futures -Today, BTC made another Higher High looking at the 4h time frame -But we need to be more cautious now because of the Bearish RSI divergence -The price is touching the upward trendline resistance -If Bitcoin unable to break above the trendline resistance -It is likely to come down and try to fill the CME gap at 11735-11690 range -Also, the...