BTC = 73K ?!#BTC has a huge gap in CME chart ! The market should cover this gap as it did before so its possible to see a price around 70 - 75K !
BTCUSDH2025 trade ideas
BTC = 73K ?!#BTC has a huge gap in CME chart ! The market should cover this gap as it did before so its possible to see a price around 70 - 75K !
BTC - Mind the GapVERY IMPORTANT: This is not a prediction in time. In fact, there's a 40-45% chance of one more high in BTC. But, what is pointed out here is the target, whether it turns around here completely or makes a new high.
You would be hard pressed to find a gap that hasn't filled since the inception of BTC futures. There's always a "This time is different" and I've heard every one of them since the inception of this contract.
Gaps are a place in time where the market became extremely imbalanced (assuming the market has adequate liquidity). The market is always looking to find balance, so even if the gap holds for hours or days, it commonly revisits that old price area. Traders like to say “all gaps fill,” but the timing can be erratic. If it takes too long, you might go broke before it closes.
It’s not a strategy by itself—context is everything. After the gap, I watch bar-by-bar follow-through. If momentum is strong, the gap might wait days or weeks to fill. If bars stall and reverse, the gap fill typically starts quickly. When the gap is left behind, it's only a matter of time.
As I said, it is not a strategy in and of itself, so you would be wise to overlay it with other market concepts and the narratives that affect the market you're trading.
One I left on the screen is the dashboard, which pulls over 100 signals from 14 indicators used in many trading systems. This metric sums to a bearish outlook (but it always will at the bottom of a downtrend too, so there is still no silver bullet).
The orange line is predicated on k-clustering, Fibonacci systems, price action patterns, trend rules.
The path is consistent with Elliott Wave Theory. There are other patterns that could develop, such as a prolonged B-wave (as a part of a larger 3-wave configuration rather than the 5 shown), a triangle. or some other pathing.
Timing is hard to predict because time is not a critical feature of price development. Prices and price derivatives are the critical features and from those we can derive levels and paths (patterns). So timing is hard because time is irrelevant to price progression.
...something you're probably not going to be taught anywhere.
Let's talk about CME📈In most cases, BTC is likely to move upward and fill the green CME gap section. This could lead to significant movements in altcoins, potentially triggering the next phase of the bull run and the start of an alt season.
📉However, in the worst-case scenario, if BTC breaks the critical $90K support zone, we could expect a continuous downturn, possibly filling the red CME gap. If this second scenario unfolds, altcoins are likely to experience substantial losses, and the first stage of the alt season may be missed.
📌In the first scenario, if the alt season starts BTC will continuously try to breaks the $90K super support zone. Setting stop losses becomes very important at this stage.
Start of a short uptrendI've already provided a brief update on the analysis, but our possible movement is an uptrend
CME GAP 84-40KExit from the ascending channel.
CME GAP at 84k-80k.
Every time when BTC touched the trendline drawn from bottom, it corrected +20%.
Are the Bitcoin bulls and bears right?Bitcoin has been the top performing asset in the world and by far the greatest. With bitcoin attempting to be the world’s reserve asset, are the bulls accurate to say that 245K is the Top while the bulls are saying 85K is the Low? Both can be right, and there lies the confusion. Elliott wave enthusiast may say we’re in a fourth wave correction leading to the top of the market. The four wave may actually go as deep as 85k as the bears predict but may also be the wave leading into the top $245k as the bulls predict. Somewhere in between the two lies the answer.
85KUnder normal market conditions, BTC will not provide information to the next direction in the 85k area. This is only if the current support will fall.
a clear title for my concise idea for bit Coinplease provide a meaningful and descriptive description of descriptors used to describe deez
BTC Futures Analysis: Key Levels, and Potential ScenariosBig Picture:
BTC Futures reached a new high at 108,960 last Tuesday Dec 17, 2024. FED rate decision and 2025 rate cut projections tampered down from 4 to 2 resulted in market sell-off. BTC futures were also down reaching a low of 92,355 on Friday and closing at 96,600.
CME Futures halt early tomorrow and are closed on Wednesday Dec 25th, 2024 for Christmas holiday. We also have a very light economic calendar. Lower liquidity during the holiday period may push prices in either direction.
Key Levels to Watch:
Nov 18th Week Hi: 101,110
Dec 10th Low: 94,785
Last Week Low: 92,355
LIS (Line in Sand) for short-term bulls: 92000- 90,000 support zone.
Scenario 1: Consolidation Above Key Support
BTC futures further consolidate between Dec 10th Low and Nov 18th Week Hi at 101,110. Price did not close below LIS last week. As long as this support holds, price holding above 94,785 may provide a setup towards 100,000- 101,110.
Scenario: 2: Breakdown below LIS
Break down of LIS will see a deeper pull back towards 78,000. Here it will be a wait and see approach for BTC futures to hold below 90,000 mark and expect further downside if buyers fail to push prices back above.
Disclaimer: The views expressed are opinions and should not be interpreted as financial advice. Derivatives involve a substantial risk of loss and are not suitable for all investors.
BTC will fill CME GAP at around 77KWe're seeing some wild swings in Bitcoin's price, and I'm calling it: this isn't just the market doing its thing. I mean, where's all the BTC on exchanges? It's like there's none left, and the prices are shooting up to levels that Wall Street boys would think twice about jumping into.
This smells like big-time manipulation by the heavy hitters, like those hedge fund giants and the exchanges themselves. They've got the power to make the market dance, and with so little Bitcoin floating around, every move they make has an outsized impact. It's like they're playing with a loaded deck.
I'm not saying I've got the smoking gun, but the signs are there. When you see prices that don't match the supply, you gotta wonder, right? Are we just pawns in their game, or is there something else at play?
Let's keep our eyes peeled, because if this is manipulation, it's on a whole new level. What do you guys think? Am I onto something, or am I just seeing shadows?
Remember, this is speculative based on what we're observing in the market, and while manipulation is a concern, it's one among many factors influencing crypto prices.
Whats your thouhts?
BTCUSD IN SELLING ( RINING WEDGE )The rising wedge pattern on BTC/USD is a bearish reversal formation that typically occurs during an uptrend. It's characterized by two converging trendlines, both sloping upward, with the upper trendline being steeper than the lower one. As the price moves within this narrowing range, trading volume often decreases, signaling weakening buying interest ¹.
In the context of BTC/USD, a rising wedge breakdown could trigger a significant correction, with a potential downside target near $90,765, representing a 14% decline from current levels ². The Relative Strength Index (RSI) remaining elevated near 64 also suggests overbought conditions, which may amplify selling pressure if bears take control ².
To trade this pattern, consider the following steps:
- Identification: Confirm the presence of a rising wedge pattern by drawing trendlines connecting the highs and lows.
- Confirmation: Wait for a breakdown below the lower trendline, accompanied by an increase in volume.
- Entry Point: Consider entering a short position once the price convincingly breaks below the lower trendline.
- Stop-Loss: Place a stop-loss order above the upper trendline or a recent swing high to manage risk.
- Target: Estimate the potential downside target by measuring the height of the back of the wedge and projecting it downward from the breakout point
BTCUSD BULLISH DIRECTION There is btcusd support 97800 to 97300
BTCUSD buy from 97800
Tp 100000
SL 96000
BTCUSD BULLISH DIRECTION There is support of btcusd 97800
Btc buy from 97800 to 97300
Take profit 100000
Stop loss 96000
BTC CME 4HPARTY OVER?
waiting to print more candle..
Dec 31 - 02 Jan 2025
maybe another impulse down?
let's see what happen
Happy Holiday
BTC wave 4 underwayWave 4, I think wave 4 is underway, abdce consolidation, we should pull back to confluence of fib extension and measured move of consolidation, 86k, price could dip into the upper 70's,.. as long as we do not breach the top of wave 3, around 74500 area a wave 5 up has good odds..
CYCLE 4 | CME GAP - View on the Daily ChartFor additional clarity, this companion post is intended to be read in-conjunction with the weekly analysis post below:
CYCLE 4 | CME GAP: Bull Cycle Period First Major Pull Back?Quick post to address BTCs expected potential first major pull back into this bull run period...
BULL MARKET PULL BACKS
Historically, BTC during its bull market enjoys pull back which ranged from 15% to as much as 30%-40% in prior markets. This is essential for trader participants in the market to take profits, allow BTC to retest low levels and prove new heights are sustainable before ranging to new higher price levels.
The first pull back historically for BTC post the start of the 'Bull Run' phase of BTCs 4 year cycle is traditionally the largest pull back opportunity and historically been the best short term buying opportunity in the Bull Run (NOT FINANCIAL ADVICE).
We can expect a 30-40% correction for this pull back based on historic bull market period examples (Let me know in the comments below if you would like me to detail consistent price behaviour during BTC bull run periods in a future post).
ARE WE AT THIS POINT NOW OF THE CYCLE? WHAT ARE THE INDICATORS SAYING?
As highlighted by the RED arrow on the chart, a number of the indicators like to monitor on the weekly chat are suggesting bearish divergences and fading momentum exists with the current price action. This is calling for a cooling off period of the market.
CME GAP
Historically, BTC has had a tendency to want to 'close' open gap, created by weekend trading of BTC that does not align with equities that follow the traditional 'No Trading' over the weekend policy of Traditional Financial instruments. Hence crypto ETFs which align with these policies (such as the CME Futures chart as seen in this chart) can create 'GAP' between the open (Monday) and close (Friday) candles.
To understand CME gaps, please take the time to review the details discussion in the earlier post.
The orange BOX shows the below CME gap target that BTC price may range towards to close.
NOTE: this box has been listed as Partially Closed as the open Monday candle of the gap did go below before rising during the weekly candle but did no dip past the close of the previous weekly candle.
21W EMA & 20W SMA
Historically, a fully developed healthy bull market for BTC has required periodic retesting and holding of these moving averages. A close of the CME gap at this point of the market would also satisfy this historic trend for BTC.
ORANGE TREND LINE
Bears if eager to continue the 'close the CME gap' trend will need to convince the market by first exceeding the orange trend line. Currently this allows BTC to complete a 10 to 12% correction while also taking the price below the key psychological 100K price level, without phasing the bulls conviction to charger higher.
* Holding the Orange Trend Line Scenario: we want to see price bounce and conviction from the bulls to push BTC to higher highs. The goal for Bears would be to achieve the measured move up to 180K. This would most potentially shorted the bull run (time prospective) and potentially cap our ATH for this cycle early; creating a distribution zone similar to the 2021 cycle top.
* Breaking below the Orange Trend Line Scenario: If we break the Orange Trend Line then Bulls will concede ground to the MA levels (allowing the CME gap to also close). Bulls will write this off as a market reset and holding support at these levels will entice Traders to take positions needed to drive BTC up sustainably to the next higher level(s).
Losing the MAs would ask serious questions to the intent of BULLs and the sustainability of the market moving forward this bull run.....
Bitcoin Price UpdateThere is a significant Bitcoin futures gap at the price level of $103,670 to $102,470. This gap could lead to potential price movements. Additionally, there is a concentration of long positions that could be liquidated at $102,344 to $101,939 if the price declines, further adding to market volatility.
