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.
BTCUSD14H2025 trade ideas
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.
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:
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.
BTC1!BOTTOM. Big spot here for BTC1! at our diagonal support from fall 2023 channel. Think they got what they were looking for on the "rate cut decision" liquidation event earlier today. Front run the Santa Claus rally!
Bitcoin Futures Confirming 3 Drives of Bearish Divergence
In the recent analysis of futures on the daily timeframe, a technical pattern known as the "3 Drives of Divergence" has been confirmed, signaling a potential trend reversal. This pattern, often associated with strong bearish momentum, has been observed with a divergence in the Relative Strength Index (RSI), further supporting the bearish outlook.
RSI Divergence: The RSI, a momentum oscillator, shows a bearish divergence where the price makes higher highs, but the RSI makes lower highs. This is a classic sign of weakening upward momentum, often preceding a price decline.
Key Levels:
Reversal Pivot: If the price closes below 97K on a daily timeframe. This pivot is critical as it is the last resistance before a potential downtrend.
Target Futures Gap Fill: Historical price action suggests a gap in the futures market that might get filled. This target zone, marked on the chart, could act as a price magnet for Bitcoin if bearish pressures continue.
Mean Reversion CME GAP at FOMC -> Pump until BOJ Rate DecissionHello guys! I will share a mean reversion idea on Bitcoin with you today.
I expect Bitcoin to close the CME Gap, that got made at the beginning of the week. Currently we are very close to starting the recovery process. The CME Gap closing aligns very good with a mean reversion to the 50EMA on the 4hr timeframe. This could be an indication for a trend continuation of Bitcoin to the upside until friday when the Bank of Japan (BOJ) will decide their rate policy. We will look into the chart from a new perspective on friday so take this trade idea as a short term one. I mentioned in the chart that we have an unrecovered pink vector candle at the top. This could be an good area to aim for in the reversal process to take profit. With good execution this could be an good trade from 102k to 108k. Me personal, I don't think we will see a rate cut and if so only a small one. So nothing that will shake the markets to hard. I hope.
Trade SAFE!
Not looking for drama!As the S&P 500 gets ready for the Fed announcement on Wednesday regarding a potential decrease in the Fed funds rate a dramatic move on Tuesday would not be expected without new information to stimulate the market. I am looking for a sideways the only slightly higher movement on Tuesday.
Bitcoin’s bullish break generates fresh long setup Bitcoin futures have opened the new week on the front foot, talking out the former record highs at $105325 before extending the move as Asian markets come online.
RSI (14) has broken its downtrend while MACD looks like it may crossover from below, suggesting bullish momentum may be building again.
While the price signal is definitive, we’ve not seen pickup in volumes accompanying the bullish break, making the preference to wait for a retest of $105325 before initiating long positions, rather than simply buying around these levels.
If there was pullback and bounce from $105325, it would improve conviction in the setup, allowing for longs to be established above the level with a tight stop beneath for protection.
If the trade were to move in your favour, the preference would be to wait for a topping pattern or signal to determine whether to hold, take profit or reverse the move.
How $BTC gets to $2M+ per coin and flips goldHow I see BTC price action playing out to flip gold and hit $2M+ per coin
Still Bullish on BTC.The only way I would change my mind on this would be a break of 76.5k. Other than that.. Enjoy the ride my fellow Apes
Price Gap Examples - Bitcoin FuturesSharing for educational purposes only.
█ Three Types of Gaps
There are three general types of gaps:
Breakaway Gap
Runaway (or Measuring) Gap
Exhaustion Gap
█ 1 — The Breakaway Gap
The breakaway gap usually occurs:
At the completion of an important price pattern.
At the beginning of a significant market move
Examples:
After a market completes a major basing pattern, the breaking of resistance often involves a breakaway gap.
Breaking major trendlines signaling a reversal of trend may also involve this type of gap
Key Characteristics:
Heavy volume often accompanies breakaway gaps.
They are typically not filled (or only partially filled).
In an uptrend, upside gaps act as support areas on subsequent corrections.
A close below the gap is a sign of weakness.
█ 2 — The Runaway or Measuring Gap
The runaway gap forms:
Midway through a trend (uptrend or downtrend).
Indicates the market is moving effortlessly, usually on moderate volume.
Key Characteristics:
In an uptrend, it signals strength.
In a downtrend, it signals weakness.
Acts as support or resistance during subsequent corrections.
Why "Measuring" Gap?
It often occurs at the halfway point of a trend.
By measuring the distance the trend has already traveled, the probable extent of the remaining move can be estimated by doubling the amount already achieved.
█ 3 — The Exhaustion Gap
The exhaustion gap appears:
Near the end of a market move.
Key Characteristics:
Occurs after objectives have been achieved and other gap types (breakaway and runaway) have been identified.
In an uptrend, prices leap forward in a final push but quickly fade.
Within a couple of days or a week, prices turn lower.
█ Conclusion
By understanding the types of gaps and their characteristics, traders can better interpret market signals and anticipate potential trends or reversals.
█ Source:
Murphy, John J. Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications. New York Institute of Finance, 1999. Chapter 4, "Price Gaps," pp. 94-98.
