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Bitcoin Weekly CME Gaps 2019 - 2024Here I've highlighted all the weekly CME gaps for Bitcion, showing all but One have now filled. Technically, there's still one open just under $10,000 at / around $9750. Unlikely this will ever fill at this point, but as of today Bitcoin filled the recent gap just under $40,000, which clears Bitcoin for runing higher. However I still believe we'll re-test $38,000, followed by a bounce. And potentially, if not likely, a deeper drop to re-test $32k before the bull run ensues. Interesting chart just showing how often these do back-fill and re-test.
CME:BTC1!
by BrettFogle
Elaboration on BTC/USINTR for Q1 2024Hello everyone, in yesterday post I spoke about what do I expect for Q1 2024 moving further .. Today, I would like to elaborate in POINTS, WHY I think is necessarily to be VERY CAUTION in current Market conditions. Will be using 15D timeframe to capture as much data as possible. To get clearer picture of what is possible moving into future, we need to focus on what happend in past, even tho as ment before, market conditions are not EXTREMLY similar (due to highier inflation & interest rate!), but its closest we can get. Note, that current cutting cycle might be different for this exact reason, which could possibly mean that this process take longer and will have more pauses as in past. Aswell, bottom rate is expected to not be close to 0. For better visualisation I put cutting process into GREEN CYRCLES, marked 1-5. 1.Terminal rate 2.First cut 3.First cutting pause 4.Continuation of rate cuts 5.New Terminal rate (bottom rate) In the end of this process, PRICE came back very close to where it started Rallie and only then new Bullmarket occured. Today, I think and expect that we are only somewhere in middle between points 1 and 2 of this whole process, and that should be reason for EXTREME CAUTION. Especially if we take into account that we are in elevated price level compared to previous year. Having in mind that last time cut occured that was THE POINT when market flipped. And even tho ATHs right now are not that close, is very possible that we keep coming closer to them in next months, IF there is no change in FED policy next meeting. AND THAT WOULD BEEN A TIME FOR EXTREME CAUTION! This should stay relevant Until FED decide to Cut for the First Time. Hopefully, this helps some of you with your perception of market. If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks Joe
INDEX:BTCUSD
by cryptocapitaltrading
Bitcoin Bullish Continuation to 50kCRYPTOCAP:BTC price has been consolidating at highs as we await the imminent ETF approval announcement. At this point a bullish pennant pattern has formed and the daily bollinger bands have tightened, signalling that we will soon see volatility that triggers a breakout. In terms of targets, the fib extension of the chart pattern says 47.3k to 49k. I am keeping in mind however that Bitcoin has never exceeded the 61.8% retracement of the previous drawdown pre-halving. Although the ETF approval announcement could make things different this time. If we exceed 50k, buckle up lads.
INDEX:BTCUSDLong
by HaydenOtto
BTC : Consolidation Patterns and Strategic Entry PointsBTC is currently trading at $42,400 within a consolidation range of $40,400 to $44,200. The major resistance is anticipated between $48,000 and $50,800. If the support at $40,400 holds, there is potential for a bullish move towards $48,000 in the coming days. The current price aligns with the 50-day Exponential Moving Average (EMA), offering a favorable risk-to-reward ratio for traders. Monitoring the $40,400 level and considering the support at the 50EMA, traders could find strategic entry points in anticipation of a potential upward trend.
BINANCE:BTCUSDLong
by ImHardik88
#Bitcoin $52k or $36k? URGENT UDPATE!! #BTC: The 50-day Simple Moving Average serves as a valuable oscillator for understanding Bitcoin's daily price action. - Bitcoin typically exhibits a movement in the range of 15% to 17% when it falls below this moving average. - This pattern has been consistently observed throughout 2023. Breakouts above this MA have yielded substantial returns, from 35% to as high as 82%, as depicted in the chart. Currently, the price is hovering around the same level. A breach below this MA could lead to a 15% correction in the market, potentially bringing the price below $40k and even touching $36k. This also aligns with 150 SMA another oscillator that shows potential reversal points during an uptrend. On the contrary, maintaining the current level could propel the price to $52k. It is essential to prepare for both scenarios. These observations are solely derived from chart analysis, and the speculation is grounded in logic and fractals. So, DYOR, NFA I would appreciate hearing your thoughts on this analysis! Feel free to share this chart with your friends!
Long
by Cryptorphic
4
SEC's Jan 10th BTC ETF deadline ("buy the rumor, sell the news")The adage "buy the rumor and sell the news" might apply to Bitcoin with BlackRock and Fidelity’s potential Bitcoin ETF approval on the horizon. In the event that the SEC denies the ETFs, market participants might eye downside targets below $41,500 and $41,250 if we get a wild swing to the downside. Conversely, approval from the SEC may pave the way for an immediate targets of $48,250 and $48,700, with a sustained bullish sentiment propelling trading into the 50-55K zone. However, lingering questions persist about the market's reaction, raising the possibility of countering recent optimism and lending credence to the "sell the news" adage. Bloomberg reports suggest that approval for Bitcoin Spot ETFs could materialize as early as this week, with the SEC's decision deadline set for January 10. Insiders speculate that the regulator might leverage this deadline to announce decisions on nearly a dozen Spot Bitcoin ETF applications simultaneously, including those by BlackRock and Fidelity.
BLACKBULL:BTCUSD
by BlackBull_Markets
🚀 #Bitcoin ETF Roadmap, $54k by January End??🚀 Our last 3 Roadmap charts have been spot-on and quite viral too, Thanks for your support so far! Let's get back to the chart! Analyzing the current market conditions, We're still on track to reach the top of the 5th wave, expected to be in the $47,000 to $54,000 range. Following that, we anticipate an ABC correction. This upcoming move will essentially confirm the accuracy of our Elliott Wave Theory, which has accurately predicted each wave precisely over the past two months. Other technical rationale behind this projection: 1. Fractals: Examination of fractal patterns on the charts reveals similar PA during the last 5 months before the halving! (Charts will be posted soon) 2. Multiple Indicators: Various technical indicators align, emphasizing the bullish sentiment including much anticipated ETF News! 3. Elliot Wave Theory: So far every single wave has been on track, the 5th wave will complete our 2-month-long EW Wave. Anticipate this movement within the coming week, but it's crucial to remain prepared for potential market shifts. Invalidation point: A close below $41,200 could signal a deviation from the anticipated trend. If you find this chart useful, please consider giving it a thumbs up and sharing it. Feel free to bookmark it to stay informed about any market shifts. DYOR, NFA Thank you PEACE
BINANCE:BTCUSDLong
by Cryptorphic
1
Dangerously bullish setup for BitcoinBack on October 23 we posted a long trade idea for Bitcoin titled: Bitcoin attempting to break over a significant long-term level where we outlined the bull case for a breakout over 32K to bring more momentum and higher targets for the King of cryptocurrencies. Here we are 2 months later with prices up 9 out of the last 10 weeks and Bitcoin has entered into a sideways consolidation through time, rather than any meaningful correction in price all while the market awaits two bullish catalysts: a spot ETF approval and the halvening. A breakout up and over 45K starts to put former all-time high targets into traders minds and likely arrives at a fast clip. (disclosure: long).
COINBASE:BTCUSDLong
by EvanMedeiros
BTC 1D, 3D & 7D Forecast - Blend of ☁️ and ☀️Over the next 24 hours, we're seeing some clouds ☁️ hovering over Bitcoin, suggesting a potential downturn. However, looking ahead to the next 3 days, a brief rebound is on the horizon—picture a cool breeze after a storm. Fast forward 7 days, and we're back in the forecast with a blend of clouds ☁️ and sun ☀️. This signals that the downside might linger, but don't expect a dramatic drop in price from these current levels. It's a crypto climate with twists and turns, but the Bitcoin landscape stays interesting! Follow us for more crypto weather reports!
BITSTAMP:BTCUSD
by ATTMO
3