$BTC - Weekly (Potential Cup and Handle)I know, I know... I am quite wary of anything crypto, even the King of Crypto CRYPTOCAP:BTC but in analyzing the chart, there may be a potential Cup and Handle formation forming with a price target of 47,000.
Recall that CRYPTOCAP:BTC halves every four years and the next halving cycle is 2024.
Happy trading!
BTCUSD18J2025 trade ideas
What does a bear market look like?“A bear market starts with greed, followed by confusion, sells on fear and ends with hopelessness” - By me!
'Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria." - John Templeton
Apply this bear to bull transition with good market sense because some of the bears went into hibernation, not able to wake up at all, for example the recent collapsed of some banks.
Able to recognize at what stage the market is… at any particular point helps me to determine whether to take on the market with some risks or not at all.
Reference of Bitcoin Trading:
CME Bitcoin Futures
Minimum fluctuation
$5.00 per bitcoin = $25.00
BTIC: $1.00 per bitcoin = $5.00
CME Micro Bitcoin Futures
Minimum fluctuation
$5.00 per bitcoin = $0.50
BTIC: $1.00 per bitcoin = $0.10
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
BTC TRENDTrend Following is a trading strategy used in all trading markets, including stocks, futures, and currencies. It relies on technical analysis, as opposed to fundamental analysis, to identify potential trading opportunities.
The principle behind trend following is quite straightforward: it's based on the premise that prices tend to move in a particular direction (upwards or downwards) over time. A trend follower tries to take advantage of these market trends by observing and identifying these price movements, then making trading decisions based on the direction of the trend.
Trend followers typically use a variety of indicators to help identify and confirm the direction and strength of trends. These might include moving averages, relative strength index (RSI), and MACD among others. The key is to determine when a trend has established, and then to hold onto the trade until there is a sign that the trend is ending.
One of the main benefits of trend following is that it doesn't require traders to predict or forecast specific price levels; rather, it simply involves identifying the direction of a trend and trading in alignment with it. This strategy can be applied over any time frame - short, medium, or long term.
Bitcoin might surprise eveyone again. BTCUSD
Hello traders, welcome back to another market brekdown.
In this video I breakdown Bitcoin's chart and share few of the tools in price actions that I use to gives me hints on major moves before they happen.
Make sure to comment your opinion bellow and the reason behind it.
Trade safely,
Trader Leo.
Bitcoin continues to wait for a mid-term inflection point
Bitcoin broke the bottom again yesterday and formed a complete structure. At present, there is still a certain distance from the bottom of 25300. It depends on how the market chooses, whether it will start to go up or touch the bottom support. The overall idea is still much lower. Bitcoin operation recommends buying at 25300, stop loss at 24700 points, target 27500~29000~30000.
Bitcoin’s daily line closed negatively and broke the shock range, indicating that there will be a short-term low point, but the bottom is close to the key support, and the bulls are likely to start from here.
The upper pressure is 27500~29000, and the lower support is 25300~25000.
Join me and I will guide you to a profitable trade 💵!
Debt ceiling cleaning up structure I'd like too see fear in Markets & the goose egg gap up from march break down
& for us too attack the 20k USDC gap lower by 2nd week of June
This would keep the yearly uptrend and match up timing wise with raising the debt ceiling or a commite hearing on central Banks buying our debt
27.4k area too watch
Flow is still bearish
Imagine this debt stuff spins us up a narrative for a fixed number of units of value
with 21 Million coins for Next bull run
Would love too bid low 20s wick and demand zone
Just and idea and Me laying out my parameters
Last short call worked out
Not saying this one will too
25k gap up can hold totally possible and 20k doesn't get tested
Lots of things have not repeated this cycle
like dipping under old ATH's
very well could be a CME gap doesn't get filled lower
They usually do
So, if it breaks down from here
I have a very clear plan of where price is attacking
I think debt ceiling is perfect storm too spook markets & clean up lower
inificensys before EOY new highs
Bitcoin is waiting for the mid-term rising inflection point to b
Bitcoin has been tested repeatedly at the relative bottom, but from the current K-line pattern, the market will make a new low, which can also be regarded as the last bottom of the phased adjustment, so today we will first look at the downside and then consider going long at the key support. Bitcoin operation recommends buying at 25300, stop loss at 24700 points, target 27500~29000~30000.
Bitcoin's daily line closed negatively and broke the shock range, indicating that there will be a short-term low point, but the bottom is close to the key support, and the bulls are likely to start from here.
The upper pressure is 27500~29000, and the lower support is 25300~25000.
Join me and I will guide you to a profitable trade 💵!
Bitcoin is still short of the last drop, and the mid-term rising
Those who fantasize about succeeding at one step and suddenly fail will feel that they have wasted time and energy, but they think there is nothing to gain; in the face of failure, the cowardly are painful and confused, hesitant and cringe; while the strong are persistent and pursue.
Bitcoin has been tested repeatedly at the relative bottom, but from the current K-line shape, the market will make a new low, which can also be regarded as the last bottom of the phased adjustment, so today we will first look at the downside and then consider going long at the key support. Bitcoin operation recommends buying at 25300, stop loss at 24700 points, target 27500~29000~30000.
Bitcoin’s daily line closed negatively and broke the shock range, indicating that there will be a short-term low point, but the bottom is close to the key support, and the bulls are likely to start from here.
The upper pressure is 27500~29000, and the lower support is 25300~25000.
Join me and I will guide you to a profitable trade 💵!
Bitcoin returns to the bottom of the shock range, wait for it to
Bitcoin continues to fluctuate. Today, the Asia-Europe market first fell back to the bottom of the short-term shock range. In the evening, we will continue to pay attention to the acceptance of the 26600~26000 area. If it is effective, the bulls will start the upward mode. Don't worry too much in case it falls below, just wait for the last support level near 25300 to do long.
Bitcoin's daily line forms a sub-level shock range, and the direction of the range break here will determine whether the mid-term adjustment is over.
The upper pressure is 30000~31000, and the lower support is 26600~25300.
Join me and I will guide you to a profitable trade 💵!
Bitcoin long or start
Life is not about surpassing others, but about surpassing oneself. Every successful person has to go through the unknown darkness. The strong are not without tears, but they can run forward with tears in their eyes.
Bitcoin is up slightly today, and it looks like the bulls are showing signs of charging higher. Bitcoin operation recommends buying at 26800, stop loss at 26200, and target at 27600~29000~30000.
Join me and I will guide you to a profitable trade 💵!
A Look Ahead On BitcoinBitcoin is setting in a perfect spot for a big move. Price is being constricted with no real sign of what direction it wants to go. Chart looks bullish with price sitting on so much support, but at the same time the indicators are still in the sell. Also looking at a few chart patterns you can see the head and shoulders and the fail inverted touch on the trend signal more to the down side. Question is how far.
BTC CME GAP 16/5/2023 There's a CME GAP Formed At 26800 - 26500. Who knows whether BTC would drop to fill the gap or not.
If you have Long order on hand beware of this CME gap , you might Secure some profit and move SL to Breakeven if your LONG order is around that price.
If your price is lower than 26200, You want to see whether Btc can go higher or not, just move SL to BE so that you lose nothing if it drop.
btc/usdthe overall trend direction is bullish, I don't see any scenario where BTC creates a new low.
but for the short-term view, we would consolidate a bit, strong bearish divergence marking the end of wave 5 of wave 1
would post a detailed higher time frame chart below
hopefully I will update this trend as the moves unfold
Why I am not using BTC CME charts anymoreThis website is messed up, doesn't show CME futures for the weekend. This throws off RSI and MFI indicators, I switched to Binance futures charts.
This chart is just for explanation purposes. RSI and MFI did hit overbought on the Binance chart though. Flipped my calls this morning.
Bitcoin Adjusts or Ends
It is better to ask for others than to ask for oneself. The only one who can really relieve worries is oneself. No matter whether it is smooth or rough, we must accept all the encounters in life indifferently, be the strong of life, and not the deserters of life.
The trend of Bitcoin from Friday to the present shows that there are many signs of bullishness, so I gave two points this morning, one is relatively aggressive and the other is more conservative. At present, it seems that the aggressive point may not be reached for the time being. Bitcoin operation It is recommended to buy at 26600, stop loss at 26000 points, and target 29000~30000~31000.
Bitcoin’s daily line adjustment has touched the 38.2% position of the golden section, and it also pierced through here in the intraday. The upper pressure is 30,000~31,000, and the lower support is 26,600~25,300.
BTC UpdateOddly, BTC seems to be doing a better job of cycling between oversold and overbought on my usual 3hr charts that I normally use for index futures.
RSI and MFI hit oversold before Euro markets opened, I think it was the Chinese selling all week, their stock market has been going down all week as well. (Yes, I know the Chinese aren't supposed to trade crypto, but chart shows that they do. When they get a QE to pump their economy, BTC will go up. It always does.)
Anyways, I flipped my BITO puts this morning, it was a good trade.
#BTCAs a trader and Bitcoin enthusiast, I have been closely monitoring the price movements of Bitcoin and have identified some key levels and patterns that I believe will guide its future price movements.
Based on my analysis, I believe that the $20,000 level is a critical price point for Bitcoin. After bottoming at around $15,500, Bitcoin rallied and faced resistance at $25,000, which I expected. It then pulled back to $20,000, forming an inverted head and shoulders pattern with $25,000 as the neckline.
Bitcoin broke out of this pattern and reached around $31,000 before dropping below $30,000. I believe that the $20,000 to $30,000 channel is a crucial range for Bitcoin, especially since $20,000 is the all-time high of the 2017 bull market.
Currently, Bitcoin is trading around $27,000, and I expect it to either rally from this level or from $25,000 to $35,000, which is the target of the inverted head and shoulders pattern. After reaching $35,000, I anticipate a pullback to $30,000 before Bitcoin rallies to $50,000, which is a psychologically important level.
However, I also believe that Bitcoin will drop again to $30,000 before the next halving in 2024. From there, I expect Bitcoin to gain momentum and continue its upward trend.
It's essential to remember that price predictions are not guaranteed, and the price of Bitcoin can be influenced by various factors. However, based on my analysis, I believe that these levels and patterns can serve as useful guides for traders and investors looking to navigate the Bitcoin market.