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 continues to show signs of weakness
We were in a descending wedge that did not play out as we fell through the bottom of it as we neared the end
We did tap into demand once more and had a stop run right below it liquidating longs
We have regained the demand zone but the bottom of this wedge is acting as resistance so far
We still have the unfilled...
Hello, look in here! I continue the marathon to identify fractals. The graph above shows the dependence of price movement, which fits into the main Bitcoin movement forecast published earlier (click on the chart):
David's Fractal 2014 takes on the structure of the Optimistic Fractal, take a look at it again
- in the past,
- now!
The Star of David is a...
Downward trend on BTC according to charts. Will still have lots of volatility in between. According to support resistance levels might go below 3K briefly between now and April.
Today's rallies of bitcoin futures on CME are not confirmed by technical indicators, you could easily observe that despite gap-up trading in the recent past, the bears nudge prices below DMAs with bearish crossover, the occurrences of back-to-back dojis followed by bearish engulfing pattern candles.
From this price behavior of the cryptocurrency avenue, it...
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...
Since futures trading began in December of 2017, no gap has gone unfilled in the futures trading market. To me, this could mean one main thing - Institutional traders are in fact here, and they are winning big. They are hedging their spot positions in BTC with options to guarantee profitability. Whether or not my interpretation of this theory is true, the fact...
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...
As we’ve been having conversations with all kinds of players within the cryptosphere, we’ve noticed Index Fund managers as well Miners who are long-only are looking for additional sources of income.
This piece will be to educate them in a potential CALL WRITING strategy that can satisfy their need for additional income. When entering a CALL WRITING program, one...
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...
