Btc cmeSo just as expected gap got filled 100% percent . Now it just created another one at 62k I think we go up from here unless bears have full control then we might see it go for lower until bottom of channel is hit . But I think this could be a first entry point and a second entry if it touches bottom of channel
BTCUSD02K2025 trade ideas
Bitcoin 2 Cme gap fills?Wow I don't think I have ever seen this in my few years of following Bitcoin and also looking at the old charts 😮
Right now Bitcoin cme futures has a gap from July at about 59500-60600
Bitcoin has been gunning for that area today and even reached most of it. I think it hit about 60100. However it's Saturday so the cme futures are not trading so if things close like this tonight. We will see a cme gap down from where it closed (6250 down to where it opens tonight) personally I think it will have another gap down but we will see. That would give us two gaps in about the same place that happened within a month from each other. One up and one down. I will see if this has happened in Bitcoin history but I don't remember it. Interesting times. Personally if 2 gaps happen I think it's bullish. So here we go. More waiting games with Bitcoin while it does interesting things to fake people out. It has now been sideways for about 143 days 😳
Bitcoin Price Forecast: Heading Towards $60,000 with Potential RIn the coming days, the price of Bitcoin is anticipated to move towards the lower boundary of the channel at around $60,000. This next-level forecast suggests that there could be a period of consolidation or temporary support at this level. However, there is also a possibility that Bitcoin could remain within a broader range, oscillating between $65,000 and $70,000
If Bitcoin successfully holds above the $60,000 mark, it may attract buying interest, leading to a potential rally towards the upper limit of the anticipated range. Conversely, if it breaks below this support level, it could signal a bearish trend, prompting further declines. Therefore, investors should remain vigilant and consider both technical and fundamental analyses to make informed decisions.
Overall, while uncertainties in the cryptocurrency market persist, the projected range of $65,000 to $70,000 suggests that Bitcoin has the potential for stability in the near term, provided certain conditions are met.
Many GOOD calls on $BTC latelyCRYPTOCAP:BTC was weak after we called top.
We turned bullish on #BTC right around the most recent lows.
We sold ALL our #Bitcoin ETF's at the beginning of this week as it was getting closer to resistance and the RSI & $ Flow are weak.
Weekly chart shows that the downtrend is still intact.
We posted the last chart some time ago. Our analysis is looking more & more like a possibility. #crypto
Bitcoin CME Gaps get filled normalyALWAYS look at the CME chart
BITCOIN CME GAPS
The Daily chart shows us one that is still open and down to 58900
For me, this is HIGHLY likely to get filled
So, SPOT BUY order placed at 59K ( not advice, just what I have done ) - Lets see if it gets filled.
What this highlights is simply that the CME is a Major player now. Look at the previous gaps that have been filled
It has the LARGEST share of FUTURES trades in the 'Bitcoin environment", overtaking Binance earlier in the year.
It HAS the power and it WILL use it.
We just have to play along, be smart and understand that most of the time, GAPS get filled. Knowing this can give you very good buying opportunities.
Just be careful when the bull run hits....they may get left behind till the Bear market hits...THEN the Gaps can give us ideas of retracement levels to come.
Lets see how thins plays out
BTC struggles again at resistance area#Bitcoin peaked "yesterday" morning. So far today it is holding the RED Mov Avg, arrow.
We see 3 bullish moving avg crossovers shown by the circles.
Volume has been mostly selling, but holding well. Interesting to say the least.
CRYPTOCAP:BTC RSI is a tad weak, which is concerning.
thee only bearish person on BTCBTC isnt ready to pop just yet, there is a divergence with gold and the Fed are propping it up retail buyers to pump for them to scalp (today 2Billion worth for 3-4,000 Drop)
I think the market is in shambles and Papa Powell is using BTC to prop the market a little longer ... February we will be at our absolute peak unless Trump goes wild and builds a Bitcoin casino in Vegas
BTC first idea...we r in wave i of big 5 up!!!in this idea wave 4 correction has ended in form of ABCED wave and now we r in wave i of bigger 5 up...so the price will go up and break the last high and after that we will se a correction in form of wave ii...and after that wave iii will start and price will flyyyy so high...but there is another view we will see in next post
Chart Pattern Analysis Of Bitcoin
From K1 to K3, it is strong bullish morning star pattern,
The increasing demand and bull gap verified the bull trend.
It is very likely that another bull run had started earlier.
It is a potential Wave(5) of this three year bull market.
So, I bought it here.
If the following candles close below K1,
I will try to get out of the market.
Thinking about system hopping while learning to trade?Thinking about system hopping while learning to trade? Here are some of the thoughts I transmit to my students on the implications:
1️⃣Consistency is key: Jumping from one trading system to another can hinder your progress. Developing expertise requires time, practice, and disciplined execution of a proven strategy. Stick to a system that resonates with you and give it a fair chance. Trading is all about probabilities and you need to allow for enough data to let the edge manifest itself over time.
2️⃣Understanding market dynamics: Each trading system is designed to capitalize on specific market conditions. By frequently switching systems, you might miss out on understanding the nuances of different market environments and the system's effectiveness within them.
3️⃣Emotional roller-coaster: Constantly switching systems can lead to emotional turmoil and indecision. Building confidence in your trading approach takes time. Sticking to one system allows you to master it and navigate market fluctuations with a steady mindset. If you keep changing you will eventually lose your money, your mind... and your way.
4️⃣Learning curve delays: Switching systems resets your learning curve. Consistently studying and fine-tuning one strategy helps you grasp its intricacies, identify potential pitfalls, and develop strategies to overcome them. Embrace the learning process. Think about how long it takes to learn something properly. Now imagine resetting constantly back to zero.
5️⃣Data-driven evaluation: Rather than system hopping, analyze your trading performance systematically. Keep a trading journal, review your trades, identify areas for improvement, and make adjustments within your chosen system. Data-driven decisions yield better results.
Remember, finding success in trading requires discipline, persistence, and a well-executed plan. Avoid the temptation of quick fixes and stay committed to mastering your chosen system. 📈💸
47k Coming for Bitcoin?$Bitcoin #CME 1D chart;
The gap formed by the opening last week has not yet been filled. I think the rise will not start before this place is filled.
The Bat Harmonic structure, which is also formed in the current structure, points us to $ 47k levels. It is difficult to say anything clear if it will come true. However, we should not forget that this possibility also exists.
Bitcoin had received an upward reaction with the support it received with its last visit to the IMB level. However, as can be seen, it has not yet made any contact with the IMB zone at $ 47k levels.
It doesn't always touch these areas, of course, but why not:)