I have back tested this and there are 4 downward points of interest, all the wat down to 32K!! Don't think 32 will happen , but never retested. The white circles are where I have buys in, I do think that the low will be a kiss down to the circle between the 6.18 and the 7.86, the previous high before this run has never been tested either. when the market runs up...
CRYPTOCAP:BTC following so far. As it is just the beginning of the potential path, proceed with caution once it breaks $57k as FWB:42K would be the next stop after that. Day by Day everyone.
I am a #BTC bull, so any contrarians should reverse everything I say from now on.
#Bitcoin halving is days away. The trend following a halving is at least 6-months to the upside. We're already 2 months into a #BTCUSD bull-cycle. So I am bullish in this current trading range, meaning looking for "Buy-the-Dips".
The trading range is from the ATH @ $75185 in the...
E-mini S&P (June) / E-mini NQ (June)
S&P, yesterday’s close: Settled at 5207.75, down 52.50
NQ, yesterday’s close: Settled at 18,196.75, down 163.00
E-mini S&P and E-mini NQ futures finished lower after a barrage of negative news. CPI for March was a touch warmer than expected, coming in roughly one-tenth higher across the board before a poor...
REPORT HIGHLIGHTS:
The fourth bitcoin halving event, scheduled on or around April 19, 2024, heralds a significant transformation in the cryptocurrency landscape. This halving, marked by the reduction of bitcoin supply subsidy, the emergence of a liquid investment ecosystem via CME Group futures and options, the advent of spot Bitcoin ETFs and the introduction of...
Pump for Bitcoin Spot ETF and Havling in Fall 2023.
Top around March/April 2024.
Failed Halving Pump.
Bad economic climate in 2024.
Liquidity Event.
Recession in Fall 2024.
Crash to sub 10K.
Bottom sometime in Fall 2025.
After our strong breakout yesterday, we were expecting a retest of our symmetrical triangle pattern.
We have gone a little lower than a perfect retest, but I believe it is to fill the gap we created on CME. A daily close above our trendline would indicate a successful retest of our symmetrical triangle and also a successful liquidity test of the CME gap.
BTC retesting the top of a previously broken daily symmetrical triangle and is forming a falling wedge as it does.
Long on breakout of falling wedge with initial target being MPO for wedge and second target being MPO for triangle
This is the CME chart where we can see the Bitcoin GAPs.
In the range of 66360 - 64190 we have a GAP that may be filled.
We have also had a bearish CH and the price has reached supply.
If the gap fills up, it's a good time to look for buy/long trades
Bitcoin has once again surged to new heights, hitting the anticipated target of $62,000. As traders, it's crucial to reassess our strategies and expectations in light of this milestone.
Technical Analysis: Following an extended bullish run, it's reasonable to anticipate a slowdown and a potential pullback. Taking profits at this juncture might be a prudent move....
BTC Future price is ranging at the top of his historical price range zone.
We feel that there is a potential for the price to just leave earth and go beyond easily and at the same time deception can occur with possibility to see the price squeeze down buyers before going in its potential historical run up to new highs.
This is when DCA or Entry could potentially...
A very distinct pennant formation on Bitcoin. Pennant patterns are more often continuation patterns, and not reversals, especially since there's not earnings report with crypto unlike stocks.
Something to watch out for next couple of weeks,
