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BMC1! trade ideas

More Upside For BTC?Presently BTC is sitting in a period where neutral seems to be the best outlook and bullish on the short term. Looking at the wave trend oscillator we can see the momentum waves are rotating to the upside. We have seen price make decent push back to the upside but is presently stuck at the value area low. IF there is more downside potential as shown in our last model we could see a rejection here or slightly higher. With momentum rotating to the upside it looks more like we will see a larger push up closer to the high volume area around 65k with out brakeing the down trend model. IF more upside for a potential higher high I would still expect a reaction in the 65k area but a brake out from here braking the down ward momentum would be a good indication there is more room for more upside. Trade Well... Your Friend, Degen
CME:BTC1!
by Degen-Dynasty
Bitcoin CME Futures focused on the potential top at 112,125Current Situation: The futures are trading at 60,885, down 4,800 points or 7.31%. This indicates a significant short-term correction. Fibonacci Levels: The chart shows several key Fibonacci levels, with the 2.618 extension at 112,125. This level is identified as a potential top for this cycle. Price Projections: The chart projects a bullish scenario with Bitcoin potentially reaching the 112,125 level (2.618 Fibonacci extension). There's an even higher projection to 135,765 (3.618 Fibonacci extension), but this seems less likely in the near term. Current Trend: Despite the recent pullback, the overall trend remains bullish. The price has been making higher highs and higher lows over the past few months. Support Levels: Immediate support is around the 0.5 Fibonacci retracement at 64,840. A stronger support lies at the 0 Fibonacci level at 50,225. Volume: Current trading volume is 110.51K, indicating significant market activity during this correction. Seasonal Patterns: September has historically been a weak month for Bitcoin (-5.97% average). October and November tend to be stronger (18.62% and -4.20% averages respectively). Historical Performance: Bitcoin has shown extreme volatility in past years, with both significant gains and losses across different months. Potential Scenarios: a) Bullish: If support holds, Bitcoin could resume its uptrend towards the 112,125 level. b) Bearish: A break below key support levels could lead to a deeper correction before any attempt at reaching new highs. Conclusion: The 112,125 level (2.618 Fibonacci extension) appears to be a reasonable target for Bitcoin's current bullish cycle. However, reaching this level is not guaranteed and depends on various factors: Market sentiment and adoption rates Regulatory developments Macroeconomic conditions Technical support levels holding during corrections Investors should be aware that while the potential for reaching 112,125 exists, Bitcoin's notorious volatility means that significant pullbacks can occur along the way. Risk management and careful position sizing are crucial when trading or investing in such a volatile asset. The current correction and historically weak September performance suggest caution in the short term. However, if seasonal patterns hold, a stronger performance in Q4 could support a move towards the 112,125 target. As always, traders and investors should conduct their own research and consider their risk tolerance before making any investment decisions.
CME:BTC1!Long
by curtischangTW
$BTC bearish indicator pointing towards the $40,000 level. Current trend: The chart indicates a bearish trend in the short term, with the price currently at $56,685, down 6.03% for the week. Historical patterns: The chart shows significant volatility over the years, with notable bull runs in 2020 and 2021, followed by a bearish 2022. Seasonality: There's a pattern of strong performance in Q4, particularly in October and November, across multiple years. 2024 performance: Bitcoin started strong in 2024, with substantial gains in January (46.58%) and February (13.97%), but has shown weakness in recent months. Key levels: The $56,895 level appears to be a significant support/resistance level that the price is currently testing. Volume: Trading volume has been relatively consistent, with some spikes correlating with major price movements. Future outlook: The chart suggests a potential further downside, with a bearish indicator pointing towards the $40,000 level. Comparison to previous years: The current year's pattern differs from historical trends, showing strength in early months rather than later.
CME:BTC1!Short
by curtischangTW
Bitcoin Correctoion Up Is Possible#trading_idea 💡 💸# Bitcoin - Breakout Up is Possible Following a significant correction, Bitcoin isn't showing clear signs of a definitive trend. Market experts and participants are divided on the cryptocurrency's future direction. There is speculation that the key resistance level might be breached soon. The price is being squeezed towards this level, with the RSI holding above the 50 line. The current 26% correction mirrors a past scenario when Bitcoin dropped from $650 to $474, a 27% decline, before surging to $790. Corrections after halving events in the last two cycles suggest that new all-time highs during bullish rallies are often reached several weeks post-halving. This historical context provides some optimism 🔼 If the price goes up to resistance 57296 the further rise to 59995 is possible. 🔽 Otherwise, a return to the support at 55014 is likely with next target at 51222. 😎 Hit "👍" if you foresee the price will rise and "👎" if you foresee it dropping.
CME:BTC1!Long
by sabiotrade
BTC CME Futures chart update - Aug 6 2024Just as what we anticipated weeks ago, the Gap in BTC's chart (58,790 - 60,845 zone) got partially filled. Since it was the weekend and #BTC had a big downward move, another Gap is formed in 59,300 - 62,400 zone which will probably get filled as well. Gaps act as Support/Resistance zones and since the new Gap is above the candles, it is considered a resistance zone and we can expect to see another sell pressure as BTC reaches this zone. If BTC manages to push above 62,400 level, targets of higher levels will be activated.
CME:BTC1!
by AlgoBotTrading
Bitcoin - Reversal is imminent - CME Future Gaps#BTC/USDT #Analysis Description --------------------------------------------------------------- + It's unusual to see consecutive unfilled CME futures gaps, but recent market volatility has created just that scenario. Historically, CME gaps tend to be filled sooner or later, and current market conditions suggest that prices may be heading directly towards these gaps. + The appearance of two consecutive unfilled gaps is a rare occurrence. Given the strong historical tendency for these gaps to be filled, it’s likely that the market will attempt to revisit these levels. + The recent bounce from support has been robust, indicating strong upward momentum. This move bolsters confidence that the gaps will be filled in the coming weeks, especially as traders and investors often target these areas. + With the current price action showing strength after the bounce, it seems increasingly probable that the price is headed towards the gaps. If this momentum continues, we could see these gaps filled relatively soon. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 57000 Stop Loss: 50000 ------------------------------ Target 1: 59900 Target 2: 61000 Target 3: 65000 Target 4: 70000 ------------------------------ Timeframe: 1D Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
CME:BTC1!Long
by VectorAlgo
$BTC1! Fib Simulation of Fractal (UPD)Perceiving the price action as a function of trading time justifies the quantitative approach in drawing geometric relationship between phases of cycles. Hence, it's safe for me to assume that market is a time fractal which has its own path regardless the collective opinions of the market participants. Logistic curve that reflects well the speed of information spreading made me ignore the voices of masses. The principle aligns with EMH - that the condition of the market is already reflected in the current price. Impulsive and corrective waves are governed by golden rule in one way or the other. That's why I used fibonacci channels to build predictive models which reflect the interconnectedness of composite fractals to the whole cycle. By measuring the extreme levels of historic wave, the derived fibonacci channels exposed the timing, size and probability levels of the next ones. In regular TA, people are wrongfully focused on covering their immediate expectations from the market, analyzing a narrow data range of the chart. Whereas, Fractal Analysis graphically shows how current price is interconnected with the entire history of fluctuations in a single probabilistic map. In this update I fused earlier discovered structures and boundaries to the chart Added more series of fib ratios derived from white triangle (src 0;1) Linear boundaries of macro-fractal: Implementation of fibs with big time Intervals: As violet Fibs: Other observations: We're in a big triangle derived by linear extension 2021 tops and Full cycle (COVID - 2022 LOWS) Source: Implementation: (On interactive chart it darkens till intersection)
CME:BTC1!
by fract
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