Micro Bitcoin Futures (Aug 2024) forum
BTC1! Gaps the upper parallel and prior structure high on its 4th attempt at the highs (mentioned). Pushing a structural midpoint. 3.3111/1 Buyers.
BTC1! Cup & Handle with range expansion in week 34 of the handle. Cautious approach as the dashed pink line not only represents a structure high but also an upper parallel. Also note that this is a 4th attempt at the highs (normally continuation). A rejection here would be from the near term double top / upper parallel but with the pattern intact the objective appears achievable. 2.0178/1 Buyers.
GOLD The first transaction is accurate because of luck. The second transaction is because of strength. So today there are 9 profits. Why is that?Fast trading strategy continues to be laid out. About to short the gold price. If you have a short order and don’t know how to deal with it. Or you are about to short. Or want to recover losses, or follow. Remember to leave me a message.
Idea:Is now the best time to short …
BTCUSD BTC1! XAUUSD GOLD
BTC1! long from here don't mind your opportunity
BTC1! Strong break above the drowntrend two weeks ago. Has consolidated and retested the line, and is near the top of this consolidation. A break above 70k (70,250) and things are back into crazy-pants bullish territory. On a solid break above 70k, this entire year will look to be a consolidation after the move from 34k to 78k. Which means, the measured move would be either another 44k up, or another +130%. We could see 150k by March of next year.
BTC1! The previous two downturns in the BTC weekly chart occurred in early January 2021 and early January 2024, both of which lasted for 3 weeks. Therefore, it can be inferred that in early January 2025, around 98000 (the double threshold of 49000 is 98000), it will fall again for 3 weeks and rebound to around 78000-80000.
BTC1! Cup & Handle Noting weekly bar “34” Election Week. Break Out or Down?Triangle Overlay
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