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BTCPERP

Bitcoin (BTC) • Bullish breakout or something else?We technical broke the ATH but some signs from futures & options that require caution about taking long positions here. We have altcoins with random pumps going on and futures markets extremely extended Open Interest wise plus positive funding rates. Most perpetual swaps still trading consistently above spot and sudden spikes on CME open interest are registered. Market sentiment is overly super bullish with calls for 100k and 200k. I would personally be cautious here specially now that trend and momentum seem to break from the recent bullish outlook. The books currently see strong orders specially at around 70k extending toward the 75k. Most of this recent rally absorbed (got distributed) all the buy orders. If we get to a point price move past liquidity zone where there are no order then we are like to 1) see nasty reverse of trend 2) complete breakout with fast price moves toward 100k. Due to how futures look I'm currently sitting on the bearish camp. Despite all the bearish vibes coming from futures. Ultimately we should respect price action and the trend. Stay safe!
COINBASE:BTCUSD
by D7R
7
BTC on a crossroad. Will team bull reigns again?BTC is now on a crossroad. Although it is still currently bullish, bears are starting to put strong pressure towards bullish dominance. My plan for today's trade: The bull run from our last chart was quite weak. We end up closing profit for $2100 on the long. Not bad but not great either, I was really expecting a stronger push, but BTC broke down its minor uptrend channel. It is still going to be quite choppy today, but we are currently still on the bullish path and thus will try to take advantage of that. The first green arrow is a strong support, crisscrossed by three support lines, it will most likely hold and provide a strong rebound up. Breaking the yellow line will confirm BTC back on its bullish path, watch that area closely for you can either continue your long or reverse your position to short. It will probably try a few times or hanging around that area before a pullback or a breakout occurs. The purple arrow is a minor scenario where BTC may simply breakthrough the blue channel and directly goes up to yellow line, but I think this is risky and unlikely. U are better off entering long near the bottom of the blue channel or at my first green icon. I am a little busy today and have not been able to reply back, will get back to you all soon! Sorry and thank you The arrow icons are guide lines. It will not hit exactly on the same spot. Use them as guidelines to make decisions based on the ongoing channel lines closest to it. A rejection usually occurs when the line is hit. These are where u usually enter your trade, or set your stop loss, or gradually increasing your stop profit point. 1) breaking the channel line means continuation of the current trend. 2) rejection of the channel line means reversal of the current trend. The arrow patterns are possible movement path. It will not move exactly as how they were drawn. Use them as guidelines to consider your decision Please always remember to put a stop loss when you first enter a position, a stop profit when you are already in profit, and never chase a trade. Should you have any questions or inputs, please let me know in the comment section, I will always answer them as best as I can, Thanks for stopping by to my post, hope it can help you better in your decision making.
BITSTAMP:BTCUSDLong
by Vestige
BTC needs to take some potty break before continuing up, but...Hello everyone, I am very busy today and have not been able to spare my time to publish anything until this late evening. As of now I am in a long position, entering from 62500 since approximately 4 hours ago. I am putting a stop profit at 62800 (just right at the blue line below the current candle) which I will increase gradually as BTC hopefully continue its upward movement I have put some markings to better identify potential entry points for longs and shorts. No they will not be precisely in that position, but you can follow the arrows to know where it most likely will be rejected (when they are near to support or resistance channel lines) Ideally, I hope it will move like the blue arrow path, but most likely, it will move similar to the red arrow path, all squiggly along the current blue support channel line. Is BTC continue going to be bullish? I am not sure, its a game of probability so we can only chart hopefully every potential path it may travel to. I personally believe a correction is imminent, considering we have been climbing up non stop for 3 weeks. But I believe we can still milk some longs before the drop happens (just make sure to always put stop loss upon entry and stop profit once u start gaining) I will end my blabber here today since I need to run again soon for a nice weekend dinner with my family. Thanks for stopping by and considering my idea, hope it can help you in some ways. Happy weekend!
BLong
by Vestige
3
BTC daily update4H timeframe Since my last update, price managed to break through the minor overhead resistance denoted by the white line. We saw a quick retest before price pushed into a more significant resistance zone . Price is currently rejecting off this zone, though given the strength it has had to push here it would seem likely that price tries to break this resistance again soon. It’s possible price breaks this resistance shortly, though a correction of sorts would seem more likely. If so, price could easily fall back to white line and retest it as support, and if that fails to hold we will revisit the lower support at 51.5-52.5k. As long as the large support zone at 51.5-52.5k holds we’re bullish and I expect a visit to all time highs soon.
FTX:BTCPERP
by ForgeTrades
BTC daily update1D timeframe Price made a nice push through the 51-52k resistance level. The next key resistance level is 57.5-58.5k. Right now, we are hovering between the two zones around 55k. From here, a few things can happen: -Price can break through resistance and target the 65k high -Price can reject off the 57.5-58.5k resistance -Price falls and retests the 51-52k level as support -Price dumps through the 51-52k support. Based on lower timeframes I think we are leaning towards price falling to the 51-52k support. If this happens we should be watching for the reaction in this area to determine if support holds or not. 4h After price broke through resistance it put in a swing high. Price has swept this high on a few occasions and continues to close below the high, indicating momentum is losing strength and a reversal is possible.
FTX:BTCPERPLong
by ForgeTrades
Bitcoin (BTC) • Not looking bullish as you may thinkGet some popcorn and watch my subjective interpretation on why current price action is not looking good at all despite the ongoing mark up. Some talking points include: • Volumes • Monthly and Quarterly Charts • Orderbooks and order clusters • Grayscale Premiums • BAKKT and CME Futures basis premiums • Options Put/Call open interest distribution and expectation • Funding Rates, Open Interest and Liquidations
COINBASE:BTCUSD
by D7R
42
Bitcoin (BTC) • Some important resistance levels aheadBitcoin showing signs of live with impressive moves in short period of time. The liquidity presents in nearly all exchanges between 37-and 40k was sufficient to spoof weaker bears and let bull take control.... for the moment. We just broke the 47k resistance which is significant and that is why we also produce some great volumes and liquidations along the way. Next the 49-50k seems to have some stronger orders which suggest a pullback a momentary buy the dip pullback before proceeding to what is the most important levels around 58-60k 58-60k is equivalent to the monthly candle Doji consolidation zones plus the quarterly open as resistances There are some aspects of the monthly chart like the RSI and Volumes that i still don't like what I am seeing in there hopefully breaking 58k-60k and closing above it would make this turn more promising. As such, instead of fomo all-in it is adequate to have moderate approach in terms of risk management to the long side. Also important to note if price reaches the 60k and funding or swaps basis still skewed towards the negative side (benefiting longs) it is terrible idea to short even if it is an hedge position. Forward Futures premiums also broke the ongoing downtrend pressure which is bullish for the moment (remind this can change very quickly) Overall the daily is looking good and the weekly is starting to looking good specially if we manage to remain above the 47k levels.
COINBASE:BTCUSDLong
by D7R
15
BTC daily updateThe heavy sell off on 7 September has continued to bleed price down to a key support zone. Price has been hovering around this zone for the past week or so, and while it gets bought up when it dips into the area we are failing to see any kind of really strong response. At the moment, we are seeing a number of bearish signs: -EMAs have crossed down and price is rejecting off them -RSI is decreasing and has established a downtrend -OBV has broken support, is decreasing, and has established a downtrend. Bullish signs to watch out for -Break of trendline to the upside for RSI and/or OBV -high volume bounce/bullish engulfing candle Until then, leaning bearish. Will flip into full bear mode if support zone is broken as we will likely visit the 30k region.
BYBIT:BTCUSD.P
by ForgeTrades
1
Train to hell for BTCI'm already afraid to make forecasts of this kind, but everything that is happening on the chart now looks like an impulse downward movement, which if we break through it promises to be very epic, because we have accumulated a huge number of stops at about the same level. The price has already been trying to break through the resistance level 3 times and apparently wants to do it again. Also, the forecast is disappointing from the traditional markets (SPX and Chinese indices) - everything looks like an impending strong correction there - since bitcoin strongly correlates with SPX (I mean during the SPX falls), this also confirms this forecast.
Short
by candlered
BTC "PITCHFORK TRADING STRATEGY" (ON THE ROAD TO 130K)Hello everyone ! Today the Black Cat Trader is analyzing BTC on a weekly chart. What we can see : - By using the Andrew's Pitchfork into on one of the first BTC impulsive wave back in 2012, we can identify a very nice long term uptrend for bitcoin (Low = 2,25 ; High = 1163 ; Low 198) . Thanks to PF, supports, resistances and possibilities for futur growths can be easily identified. - By extending horizontal lines (purple) from previous ATH to lower lines of the pitchfork, we can clearly identify the potential zone where BTC could make its new ATH : ATH (25 Novembre 2013) = 1172 $ Extended line (from ATH to the lower line of the pitchfork) = NEW ATH (19.680 $) ATH ( 11 décembre 2017) = 19.680 $ Extended line (from ATH to the lower line of the pitchfork) = POTENTIAL NEW ATH (130.000$) What we can expect : Regarding the actual situation and based on the datas we have, we can expect two scenarios: (N°1) Bitcoin manages to break the intermediary lower median line of the pitchfork (which is actually a resistance) to turn it into a strong support to go higher. Then we can expect that bitcoin will make a new ATH located at minimum on the median line of the pitchfork (red one) - Resistance : intermediary lower median line of the PF - Strong support : lower line of the PF TAKE PROFIT : 130 000$ ((Median line of the PF) (N°2) Bitcoin fails to break the intermediary lower median line. In this situation, we can expect that Bitcoin could bottom on the lower line of the PF which would be a very good opportunity to buy btc low. Major support : Lower line of the PF IF YOU LIKE THIS POST, FEEL FREE TO FOLLOW THE BLACK CAT TRADER AND LEAVE A LIKE (D.Y.O.R)
BITSTAMP:BTCUSDLong
by Hector_Bienvenu
7
Bitcoin (BTC) • Needed correction & possible minor swingsFasten your belts we finally entered into consolidation market with some ups and downs along the way. To start I do not (yet) think we are in a bear market. This drop was necessary and long time coming after the slow grind on weak volumes and strong sell pressure coming from the books. Something I didn't cover in the video is the volumes on CME and BAKKT as well other popular futures platforms that spiked at around 50 to 52k. Often a sign of a local distribution top. In the video I talk trough the most relevant price levels, the not so impressive decline in open interest, perpetual swaps trading still with consistency bellow spot which implies on-going slow accumulation despite some occasional trade above which imply another possible leg down. Also talk about books and past data with help of some heatmaps and how you can use these to assign probabilities or where to place stops as well to spot circumstances that seem like red flags and something in the market about to happen. Overall I still don't have any strong reason to be bearish. If we start trading bellow 39k might change my tune but that will also require to books and things like funding rates and swaps v spot basis justify. At the moment none of those are looking bearish except perhaps the fact the Open Interest Levels. It is possible as well we are printing a macro consolidation triangle that would take more time to break out. Time will tell! Overall it's worth to look for price levers for longs nonetheless doesn't mean we cannot find good intraday scalps for short as we are still inside the macro range. Shorting 47.5 or 49.5 for example look like goo price levels for short is properly managed targeting 42k at least and reverse counter trend longs at 41k and 39k for example. Just few ideas to think about.
COINBASE:BTCUSD
by D7R
11