Short position open and set to close at $5070
Bear and bull fan lines with some key support/resistance levels, these lines have been in play.
BTC is currently pathetically trying to take a new Higher-high but it won't make it due to the lack of buying power, pressure from CME and CBOE. The former one (buying power) is obvious. Take a look at MACD, RSI Stoch and you will clearly see an immense divergence. Concerning the Bitfinex Long/Short indicator we can see how longs are being closed during this...
BTC has moved higher recently after breaking through support This region has now become resistance and this can be shown so far by the rejection of price on that last push We haven't really seen bulls come in with volume to defend these prices and with the gap still open below, the odds are high on a fill soon We would need to regain this supply zone for...
BTC has a rather larger than normal move over the weekend We saw price take another leg lower hitting the $3,400 region That did cause a gap down on futures BUT it was short lived as we popped right back into the void and have now filled it We continue to remain below both EMAs and below both monthly opens at the moment and until we can regain either/or...
BTC has finally come down and closed its first unfilled gap, which was previously mentioned in our charts We are very near to closing another one right below, which at this point seems very likely to be the next one filled A close below the SFP around $3500 would most likely result in a retest of lows so that is something to consider to bulls We have...
BTC has continued its uptrend over the past few weeks but has been leaving a trail of gaps behind it The most recent one being from 3990~3875 We also have 2 others below 3685-3650 & 3165-3150 and another one higher above 4410-4375 , which coincides perfectly with the 48EMA Whether we clear the higher one first before trending lower or return below...
We can see BTC filled the previous gap formed when we broke way lower on the future chart It took a few days but we did close the gap but there is still a smaller one left a little higher We are within reach to close that gap BUT a move lower could be followed How strong of a move lower? Time will tell but the reaction we get when we hit this next zone...
1. Price will go down to close 1h (maybe <1h, but I don't think so) gap on futures. 2. Price will go up above 1M BB Middle Band and everyone will be happy. if 2nd point won't happen we could see new LL THE END
I do not have time for a more accurate analysis but I decided to publish this idea which I think will come true in the next few days ;)
1. About BB Middle Band Last time (September 2014) when 1M candle closed under Middle Band the price dropped by 58% over few months. So this level is very important and you should observe it very carefully. 2. The lowest gap in BTC Futures reaches 6380$ and in my opinion we'll bounce from this level (possibly a little lower) and our next step will be lower border...
As expressed yesterday, the gap left on CME futures would most likely get filled sooner rather than later and that's exactly what happened overnight. After rejection near the 50%FIB level, Bitcoin in the overnight session came down and closed the gap at around $6420 and seems to be finding temporary support around this POC. This is a strong support area for...
BTC futures was able to break above the channel/bearflag last week but was rejected at the 50%FIB of the recent down move and sent back down into the channel. However, before everyone gets excited for a move higher, there is an unfilled gap in price at around $6420 and every time there has been a gap in price on Bitcoin futures they have been filled somewhat...
IMO BITCOIN will hit $7,000 before or by Tuesday, September 25th. Beware! The Shorts and Futures may take it a different direction later this week. #Cryptocurrency #BTC #Cryptocurrencies THIS IS NOT INVESTMENT ADVICE, THIS IS JUST MY OPINION. -ADUMB-
This is a deep analysis on Fibonacci retracements, Korea Volume, Futures closings, Tether, CNBC and why I believe that $7500 is the most critical point for Bitcoin all year and if we break it, we are moving into a strong bull market and if we fail to break it, we will head back down towards the $5800 levels and possibly lower. There is a significant fractal...
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i think btc broke the general trend line. i think road is clear. i published this chart a few days ago. it was a little late but it worked.