Notice how the CME gap alligns with the 0.705 fib which is the Optimal Trade Entry (OTE). We use to fill the gaps.
Using both FIB levels at different anchor points, we can see where BTC has struggled in the recent past and where we can expect it to struggle again in the future. All gaps have been closed on the chart and we can see using the VPVR that the heavy POC area around $6425-$6475, which we expect to cause trouble again especially if the ETFs news doesn't yield good...
we are trading futures but it usually depend on the 7 day , 20 day , 30 day .pretty hard for the volatility and how much leverage people are taking before .for now in 7 days we can assume the the bitcoin can extend its rally further up till 6700 .. before taking some hit.the rsi looks quite well as well as macd. for more than that we should trade with some stop...
Large unfilled orders on supply side. No demand to be seen nearby....
Just paying attention to all these gaps slowly filling in.
BTC CME Futures - A history of gap fills Some say gaps do not matter in crypto. However, all the gaps have been filled on BTC1! CME Futures. This last gap down was a bit different than most, it filled about 95% of the gap, leaving a bit left over, maybe they are saving that for later like they did on the 28th of June gap. One other unique feature of this gap...
Inverse head & shoulder pattern in Bitcoin futures that could potentially take the price to $7200, filling a previous gap.
There seems to be unfilled orders on sell and buy side in these areas. Short side seems stronger.
Bitcoin got a major push last night to the upper limit of our rising wedge. We were expecting a pull back, but insofar Bitcoin has continued to rally without coming back down to give us a good entry. Unless it has a good set-up with a high R/R (risk/reward), I don't like to enter. Many of the altcoins have been presenting us with great R/R's, which we have...
Trading Signal Long Position (EP) : 6315 Stop Loss (SL) : 6135 Take Profit (TP) : 6890, 7435 Description HEV formed Double Repo Buy at 1d time frame. Trade setup with Buy Limit at 0.382 Level (6315) and place stop after 0.618 level (6135). Once the position was hit, place take profit before an agreement (6890) and 7435 Money Management Money in portfolio...
Trading Signal Long Position (EP) : 6315 Stop Loss (SL) : 6135 Take Profit (TP) : 6890, 7435 Description HEV formed Double Repo Buy at 1d time frame. Trade setup with Buy Limit at 0.382 Level (6315) and place stop after 0.618 level (6135). Once the position was hit, place take profit before an agreement (6890) and 7435 Money Management Money in portfolio...
Trading Signal Long Position (EP) : 6313 Stop Loss (SL) : 6136 Take Profit (TP) : 6900, 7415 Description HEV formed Double Repo Buy at 1d time frame. Trade setup with Buy Limit at 0.382 Level (6313) and place stop after 0.618 level (6136). Once the position was hit, place take profit before an agreement (6900) and 7415 Money Management Money in portfolio...
After a period of considerable strife surrounding Bitcoin (BTC) ETF approval, the crypto sphere has rebounded. BTC itself is in the midst of a three-day winning streak, a far cry from the pain of early August. For the near future, I will be looking to sell BTC from the $6849 level. With an initial stop at $7001, this trade yields 150 ticks/pips when implementing...
Breakdown through the 20 MA, a pullback and then a breakdown through support on volume. Not a recommendation to buy or sell. For educational purposes only
in ta perspective gap must be filled. this bear wave is very extended and 61 fibo lvl from pervious long swing is a good support for see a bounce. good and have a good trade.
bitcoin touched great support level and seems that buyer with volumes are coming for long positions , i expect from bitcoin to go up around 9800's .... you can take long positions with stop lost which is on the graphic