cme gap to be filled and retest of the head and shoulder and could hit 8778 and keep going if we break long term downtrend
CME Gaps is going to feel by next two days strategy !
On December 15, two years ago, the largest American company CME Group launched Bitcoin futures. CME is the only one who provides the opportunity to trade bitcoin futures in the United States and they are the first to enter the territory of derivatives instrument for the cryptocurrency market and now they have no competitors. CME futures are one of the most...
Looking at Bitcoin (BTC) futures, we see some positive signs. The best one is a Fib speed line has been acting as support for several days. To us, this means that Bitcoin (BTC0 is finding support from large buyers. We get the sense that big players who own Bitcoin (BTC) are not going to sell, especially since the China statement was so bullish for crypto as a...
Here's a question: What if Bitcoin (BTC) consolidated the recent gains with a sideways range between 8700 and 9700. While that would be boring for Bitcoin (BTC), it might give the rest of the market a chance to catch. We see decent looking charts across the crypto spectrum ranging from ETH and LTC to smaller coins like TRON, RVN, and MATIC. Looking at Bitcoin...
Looking at CME Bitcoin (BTC) futures, we see a crucial inflection point at 8250. We noticed that Bitcoin (BTC) made major moves lower from this point in May and July of 2018. We also saw that 8250 is the location of a gap from back in June. Bottom Line: Bitcoin futures are always an essential thing for crypto players to keep an eye on. Bitcoin (BTC) is at a...
#BITCOIN You know i chart pretty basic and dont like btc maximilists , but just for giggles and laughs, if this chart comes true... January seems to be a major month between bull and bear but to be clear, its prety accurate if trend and history carry on MILLLLIOOOOOONSSSS!!!!!!! ANYWAY BACK TO BEAR WATCHING!! HAVE A GOOD WEEK
RSI at the bottom, does not mean it jumps out asap. it can go sideways, on this chart 6300 could be the bottom!! looking back a the last RSI bottom, this could play out. rsi has only a hand ful of times on daily in BTC history been this low
Here are the bullish and bearish arguments: The Bullish Arguement : Everyone is now in fear mode. Stops have triggered below the 200-day moving average near 8350. There is no bounce. BTCUSD trades so bad, institutions would not be brave enough to buy. We see support near the 7900-8000 level on Gann charts (not shown). The 14-day RSI is at very oversold levels....
OK so everything has floored, rsi, stoc, but NVT is toucning the trend line. IMO, if i was a betting man i think october 4th to 7th could see some moves, how ever!! if the NVT goes below the RED trend line its not good! REMEBER FOLKS, big massive btc moves come when the NVT goes green at the bottom, have a look people need to realise futures have a big say in...
We are not going to lie. Even the though BTC fell to a perfect spot on the chart near 9700, we would lie and tell you the move didn't scare the daylights out of us. Anybody who lived through 2018 sees those sudden lurches and fear the start of something worse. On the flip side, we can't lie and say we weren't elated to see BTC recover. We were even more happy...
With the disappointing drop below 10k, it is tempting to feel like Bitcoin is in an endless range. While we agree that this range has officially become annoying, we also continue to believe consolidation will end soon. Last night's drop to 9700 brought BTCUSD to the bottom of a triangle and the bottom Bollinger Band. A Bollinger Band is a measure of volatility....
Looking at Bitcoin futures, we are going to stick with our idea that big institutions are going to be big buyers of Bitcoin headed into the end of the year. The recent rally in big coins and alts is creating a sense of FOMO in the crypto markets. The crypto bid should eventually spill over in Bitcoin. The idea is to stay hungry and maintain your eagerness to...
Waiting to see if our bullish idea for Bitcoin will pan out or not, seems a bit like waiting for a table in a really good restaurant. You're annoyed that you have to wait, you don't know if you'll ever get in, but you're really looking forward trying the food if you make it to a table. In BTCUSD, we are just waiting. Right now, the focus is on a possible head...
Looking at the 89 minute chart of BTCUSD, we see that BTC has slipped from our preferred bullish zone near 10,400. However, that might be good news for tactical dip buyers. 10,150 seems like decent support as that is the 50% retracement of the most recent up move. If you are a short term player, this might be a chance to take a shot on the long side. In our...
There are several things that have us more constructive $BTC. First, the monster rally in 2017 started right around 9/15. Market's love symmetry. So, a big move begin now, repeating what happened in 2017. Next, the recent full moon shows up in our Gann cycle work as a date that creates a bullish time window (not shown). Looking at a 50 period moving average on a...
Most people are watching a triangle formation in $BTC. We are taking a slightly different approach. We are watching 10,700 in $BTC futures. We watch futures because that is what the institutional funds may need to pour into if equities turn lower or if equities go sideways. As you can see on the chart, the top Fib speed resistance line has provided resistance on...
head and shoulders forming? if so it could bang to 8k