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...
Potential Bull Flag waiting to play out on the BTC CME Futures Expecting overall decline in volume to continue until bottom of flag is tapped again and the CME Gap (green circle) is filled 1M candle printing out an attractive inverted hammer for August to add conviction to my bullish bias This implies we continue upward after filling the gap and buyers...
THEY NEED TO BE FILLED, ideal would be the pink line as it would fill 8500 then break the downward trend line to fill the higer one, the other one would be a night mare for #bitcoin
CME's front month Bitcoin Futures are poised for a bullish breakout and steep positive movement. After a downtrend, the futures have consolidated and started to form a pennant shape, which indicates that there will be a breakout and then a substantial up-move. The pennant has been formed with a series of retested resistance on top of the candles and sequential...
The indicator displays the spread between the September Futures Contract and Perpetual Contract from Bitmex. This chart is intended to help futures arbitrage trading. It can also assist with identifying correlations between price and delta. Message me if you are interested in learning futures arbitrage.
If you follow CME BTC Futures, it is common that any gaps between futures close/open are filled by either a pump or a dump. According to the latest futures gap, we may see 7200-7400 at some point in the near future (pun intended). This is my idea, not yours, don’t do as I do. Not Financial Advice.
Use profit/loss calculater function at bitmex exchange to know what I am talking bout