BTC/USD Bitcoin found support again for the 3rd time at 9200s area, BTC started turning to the upside and has the potential to retest the swing top at 9600. If BTC can't break the swing High, there is likely a pullback at immediate support areas to push another wave up. Bearish side, BTC will come down and retest flat support area for the 4th time which will add...
BTC/USD Bitcoin is still respecting this upward trend-line of support and immediate EMAs on a 1-hr time-frame period. As long as BTC follows this key support line, I can see another leg up but keep in mind the RSI is painting a warning signal. Please keep stop-loss in place in case of major dump happens.
BTC/USD If this bull flag pattern playouts, its target is between 9600 - 9900. To confirm the bull flag, BTC must break immediate resistance at 9450. A failure of push up will lead to downward action to 9000s.
Bitcoin CME Futures Bitcoin has formed a price gap between 9255-9125 areas and the RSI entered the overbought conditions levels. This uptrend would be much healthier if it will pull back at key support area and to fill up the gap to continue its growth.
First off, give this a like/follow - let's get this information out to as many people as possible! We can see the 2019's cheat sheets were very critical for the market. 2019 Cheat Sheet 1 - (3 Month Contracts) - 2019 Cheat Sheet 2 - (6 Month Contracts) - Now, 2020's cheat sheet, explained. Index for 2020's Cheat Sheet: First Purple line is CME...
Bitcoin CME Futures Bitcoin finally broke this bullish descending channel to the upside and manages to get above the 200D MA and holding it as support for 4 days already. Bitcoin is quite looking bullish during its breakout, we can see an increase in volume and the RSI still has room to enter the overbought conditions if BTC can make its rally to the mid 9000s...
I wanted to share an interesting scenario for BTC. If we look at the periods of "retracements" along Bitcoin's parabolic rises, we can see some definite trends emerging. For example, it appears The previous two Bear periods lasted twice as long as the previous, and tended to range within a difference of 4 to 5 times it's opening and close. Price also tends to...
I'm using 3 days as it has a more clear view than 1D (noisy) or 1W (too compressed). So, let's break it down with almost naked chart and price action... 1) Huge bull flag / potential falling wedge (fucking same!) 2) ABCDE completed (Not sure applies, but been working very good for me!) **Also D was a great fake out, typical! 3) ABCDE completed with double...
I am of the opinion we are at a crucial moment in the future for Bitcoin's price. If we look at the price chart, in conjunction with the Relative Strength Indicator (RSI), we can see that the former is forming a down slope, while the latter is sloping up . This combination: Lower Highs in Price, followed by HIGHER Lows on the indicator, forms what is called a...
Bitcoin CME Futures Bitcoin finally changed the 4hr trend after breaking the previous High at 7439 but we can't stay overconfident right now. CME Futures has opened a gap in price between 7414 - 7243, we know Bitcoin loves to fill any gap as soon as possible. Taking a look at the RSI level is already on overbought condition this might add pressure to slow the...
Bitcoin CME Futures Bitcoin finally filled the gap between 7141 - 7236 and may have temporarily top-out. If BTC can hold the level between 0.382 - 0.5 Fib and bounce from there. That will signal a potential 4hr trend change. For now, we will have to wait for how BTC will react to this important support area in the next 24 - 48 hours.
Hello Traders, Today’s update will be on BTC CME Futures chart, Bitcoin broke out of its rising wedge over the weekend creating a gap. Gaps tend to get filled sooner than later, but will BTC hit lower levels first? Points to consider, - Trend testing major support - Resistance at .786 Fibonacci - Stochastics in lower regions - RSI approaching support...
www.tradingview.com At first i thought we fell out of a bullish formation, but upon closer inspection i see that we are just in a larger ascending triangle then i originally thought. It looks now as though we may go down to 7900 before the big bounce.
BTC fell into small wedge formation, will most likely creep along support for a bit and fall to 7190 to 7200s before we see the next significant bounce.
cme gape filled now 20000$.
The more Bitcoin plays out, it seems like the bull run that people are waiting for has already happened. Following the blue trend line, it seems like Bitcoin could be heading into another bear market which will see Bitcoin sell off to $5,000 area. Its a higher low than last time. Reality is, greed comes plays a part in this as well when in reality the bull may...
there are 3 gaps still to be filled on bitcoin futures cme YES they need to be filled imo
keep an eye on price if it rebounds off the pink line and through the wedge upwards if we do then 11500 could happen BUT if it breaks down through the pink line to the bottom of the wedge at 9500k if we keep going down through the bottom of the wedge then we could see sub 9k 4hr RSI and STOC at well above over bought- This wedge triangle could show how the...