ABC Dump 1k and we will see if RUN is ON/OFF.
Ethereum looks healthy & ready for a bounce with bitcoin , expecting it to go for the red band on 4hr followed by consolidation & breakout
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in a triangle likely to break up to 16.5k, because on the cme chart the falling widening wedge pattern broke up.
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The bitcoin has still two big gaps and it is for month not close yet, I expect in the next day a big correction to 9,5k!!! In this chart you can see the indicator rsi, it shows us with heavy overbought rsi!!!
CME gap short between SMA 100 & 50
gaps do fill, i wont mentioned the $3500 one (oops), but these 2 up here arent miles away even if it took 6 months to fill these gaps will close eventually
With a bearish engulfing candle forming after the false breakout. Very heavy bearish divergence. Break down of triangle should send price down to the bottom of the channel. The measured move of the triangle breakdown is 12.2k.
Closed the weekend gap with a wick. Target of the pennant is 15K. Breakdown of the pennant is possible since BTC price structure that includes the weekend is different.
In the short term, the price indicates that it tends to close the gaps in the CME futures.
cme can breakout of the bullflag channel with that target at 12.5k, 12k is a heavy resistance area. Or btc can drop now and close the gaps.
the spike to 11.7k yesterday created a gap but priced remained bound to the ascending channel. The gap was closed and more downward price action is expected given the bearish divs on the HTF and price crossing the midline of the channel. The objective is gap closure at 10.5k, but price action can go deeper to the POC which is confluent with the 4h 200ema.
Good time. Well - my medium-term price of bitcoin - works for all 99.9% You can view it here. "Expect a flat and up!" BTC/USDT - LONG ? WHY? At the moment, I can only write you what I expect a price above 11,500! Why higher than now???? - because we are heading to the CME price threshold. Don't forget to trade with stop losses. For me, such growth is...
If $11,100 is the top it just proves to myself sticking to the plan is the right move (just need to enter initially with less size & DCA in slowly) We just wicked above the 3rd validation point in the downtrend but a wick down to $9600 (cme gap) which is an area of interest considering it's obviously a potential massive buy zone (which could send us to...
A most likely retest of the 4H 200ema and smaller triangle trendline next monday. The reason that I don't consider a gap up is because of the recent low volume which indicates PA still ranging within the ascending triangle.