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Btcfutures

bullish pennant on CME BTC futures, impending breakoutCME's front month Bitcoin Futures are poised for a bullish breakout and steep positive movement. After a downtrend, the futures have consolidated and started to form a pennant shape, which indicates that there will be a breakout and then a substantial up-move. The pennant has been formed with a series of retested resistance on top of the candles and sequential tests of the lower support. Pennants are particularly poignant technical analyses for the BTC, as they are more suited to shorter time intervals, like this examination. The impending breakout will occur near the apex of the triangle, but usually in pennant patterns the apex is not reached because the breakout occurs often right before the apex would be reached. After the breakout from the "flat topped cone" the bullish movement is expected to be potent.
CME:BTC1!Long
by LaurenTrading
4
BTC is not gonna make it this time!BTC is currently pathetically trying to take a new Higher-high but it won't make it due to the lack of buying power, pressure from CME and CBOE. The former one (buying power) is obvious. Take a look at MACD, RSI Stoch and you will clearly see an immense divergence. Concerning the Bitfinex Long/Short indicator we can see how longs are being closed during this market rally. Curretly almost 11,500 contracts have been closed. Moreover, Shorts are rising on a market rally. Indeed, that is not typical for a crowd. We can rarely see how longs are being closed while the market is showing some hope. I spotted such cases several times: Concerning the situation around BTC futures market: 1) Spreading at CME is high (known as hedging) = 295 contracts 2) SHORT commercial (he never made a mistake since June 2018) is still holding his hedge position. Once he closes at least 40% we can talk about surge to 5k. I bet this happens once we break 4300$ level and consolidate. 3) Leveraged funds are BIG short 4) Asset Managers are also short, but last week we saw + Longs. Though, Shorts overweight Longs a lot! To conclude. I really think that we are about to fall back to 3600$. Probably even breaking the line further way down. We well act accordingly. At the moment now purchasing power is extremely weak.
BITFINEX:BTCUSDShort
by DmitryQuail
BTC continues to show weakness! BTC has moved higher recently after breaking through support This region has now become resistance and this can be shown so far by the rejection of price on that last push We haven't really seen bulls come in with volume to defend these prices and with the gap still open below, the odds are high on a fill soon We would need to regain this supply zone for longs to look appealing again but until then, the trade is still to short rallies The unfilled gap remains near $3,150 and with month end tomorrow, we could see some volatility Bulls would need to step in with force on that gap fill or else we could see massive stop runs below the lows and the 2k handle will be a reality Shorting either the initial test of supply or the block EQ would be ideal spots for a move back down to fill the gap
CME:BTC1!Short
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
BTC FILLS FIRST GAP! BTC has finally come down and closed its first unfilled gap, which was previously mentioned in our charts We are very near to closing another one right below, which at this point seems very likely to be the next one filled A close below the SFP around $3500 would most likely result in a retest of lows so that is something to consider to bulls We have found support at the monthly open so far and staying above here is key for bulls Keeping an eye on the gap right below near $3500 as an area of interest Thanks guys!
CME:BTC1!
by CM_Trades
BTC unfilled CME gaps! BTC has continued its uptrend over the past few weeks but has been leaving a trail of gaps behind it The most recent one being from 3990~3875 We also have 2 others below 3685-3650 & 3165-3150 and another one higher above 4410-4375 , which coincides perfectly with the 48EMA Whether we clear the higher one first before trending lower or return below to pick up the crumbs before breaking out higher waits to be seen We have had some accumulation over the past few weeks as we can see from the 'ultimate volume' indicator but nothing to brag about The CMVP seems to have topped out so a pullback could be expected as we look at this bearish Daily candle forming (still very early) Thanks guys
CME:BTC1!
by CM_Trades
BTC idea for the next days1. About BB Middle Band Last time (September 2014) when 1M candle closed under Middle Band the price dropped by 58% over few months. So this level is very important and you should observe it very carefully. 2. The lowest gap in BTC Futures reaches 6380$ and in my opinion we'll bounce from this level (possibly a little lower) and our next step will be lower border of 1D Ichimoku Cloud which is 7000$ level at this moment. Sorry for my bad English ;)
BITFINEX:BTCUSD
by LazySlasherTrain
BTC - GAP FILLED!!!As expressed yesterday, the gap left on CME futures would most likely get filled sooner rather than later and that's exactly what happened overnight. After rejection near the 50%FIB level, Bitcoin in the overnight session came down and closed the gap at around $6420 and seems to be finding temporary support around this POC. This is a strong support area for Bitcoin and a bounce here could take it back higher near the top of the channel but we do still have room lower to test the bottom of this flag. If this bearflag were to break down, we could assume the lows will be tested and higher odds of a break this time on its third test. The next few hours will hopefully tell us what we need to know about the direction of the market. As always stay safe and thanks guys!
CME:BTC1!
by CM_Trades
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
Bitcoin Facing Biggest Test All Year... (Mind blowing analysis)This is a deep analysis on Fibonacci retracements, Korea Volume, Futures closings, Tether, CNBC and why I believe that $7500 is the most critical point for Bitcoin all year and if we break it, we are moving into a strong bull market and if we fail to break it, we will head back down towards the $5800 levels and possibly lower. There is a significant fractal appearing that I have found that shows Bitcoin either being rejected soon, or moving into a strong bullish market. Let's dig into the Fibonacci fractal evidence first. KEY: RED = Swing Low ORANGE = .618 From Previous Fib GREEN = Current .618 FRACTAL 1: Let's start with the all time high to the swing low: Top: $19908 Bottom: $10711 .618 = $16395 The pullback retest hit the .618 Fib at $16,395 twice before falling further. Fractal 2: Top: $15664 Bottom: $6044 .618 = $11989.4 Going off of the .618 line and the swing low at $6044, we can see that the price pulled back to within the 1-2% of the .618 level. FRACTAL 3: Top: $11989 Bottom: $6439 .618 = $9869 Fractal 3, using the same level from the prevoius .618 to the swing low, we can see that price pulled back to exactly the .618 level at $9869 FRACTAL 4: Top: $9869 Bottom: $5766 .618 = $8300 Fractal 3, using the same level from the prevoius .618 to the swing low, we can see that price pulled back to exactly the .618 level at $8300 NOTE: You can also use $10,000 for an exact .618 pull back. FRACTAL 5: Top: $8504 Bottom: $5857 .618 = $7493 If we then apply the same fractal we've been using and draw it from the top to the bottom ($8504 - $5857), then we can see a pull back to the .618 level at $7496 is highly likely. This also coincides with a rising wedge and a rising bull channel. This is also a confluence of the downtrend that has rejected Bitcoin all year at the .618 levels that I have just previously demonstrated. (Pardon all the lines.) So the real question is.... Did Bitcoin Bottom at $5778? If you draw an impulse from where the bull market started back in July '17, we can see that Bitcoin has perfeclty hit the .786 pull back from the top. This was also the EXACT point of the Bitcoin bull run that took us from $6,000 to $20,000. Another factor to think about when considering whether bitcoin bottomed and we are moving into a new bullmarket is... The Importance of Korea South Korea is the home of the FOMO retail trader. They were buying Bitcoin at a premium in all of 2017. They were hacked for $30 million and deposits/withdrawals were suspended until earlier in August. A big deal that not many people are talking about is Korea's Bitthumb and the volume we are seeing since August 24th, 2018. It is up over 30% and we are seeing Bitcoin sustain rallies when pull backs are often seen. Drawing a fib retracement from the swing high to the swing low from Feb to the July bottom, we can see that the .618 and the .382 have both rejected BTCKRW along with a strong down trend. This upcoming .236 retest at 8.2 million KRW is going to be very telling for Bitcoin and Korea's bullish sentiment for the rest of 2018. What about the FUTURES CLOSINGS? Another thing to watch for is the Futures Market Closings. I have graphed out the CME and the CBOE closing dates. I am seeing a correlation of money flow. CBOE closing usually correlates to a rise in the price of Bitcoin UNTIL a CME closing. CME closings usually correlates to a fall in the price of Bitcoin. You can see all of my correlations drawn out here. UPCOMING EVENTS: So, in 3 days on September 6th, 2018 we have the CME settlement date and on September 7th, 2018 we have the Bitwise ETF approval/denial date. What about Longs Vs Shorts? We've seen a strong correlation with short and long squeezes in 2017 and 2018 and we may be seeing the same thing happen again. Longs were at an all time high for 2017 when we saw the price get crushed from $20,00. The same thing happened in February and March as well as in July. We saw the inverse happen when shorts went to an all time high in April and they got squeezed out and Bitcoin printed a $1,000 price candle and went to $10,000. Shorts are again stacked up to near April highs with longs continuing to decrease. BIG BULLISH CROSSOVER FOR MACD We are also seeing a bullish cross over on the MacD weekly for the first time in 2018. TETHER AND MORE PRINTING: We also can't forget about Tether. Last, but not least... we can't forget about the CNBC Bitcoin indicator. I posted a chart that has over 1,100 likes on trading view that predicted the start of the bull run and a rise to $8500. They posted a high number of bearish tweets that coincided with the perfect swing low and we are seeing that play out right now. CONCLUSION: In my opinion, we are at the most critical juncture for Bitcoin all year. With Korean volume coming back, the cross over on the MACD weekly and a possible short squeeze, I think we may finally see an end to the .618 pull back and it will break the down trend and print the first higher low all season. We are also seeing a significant amount of Tether being sent to Bitfinex. With the bullish move, we may see Bitcoin print one of the largest candles for 2018 and move to the $9000-$10000 levels. I will be hedging both ways as we will be seeing a massive candle either way in my opinion. Thanks for reading my analysis and may Satoshi bless all of your bags.
BITFINEX:BTCUSDLong
by jacobcanfield
124