we're just confirming the ascending triangle top line/ breakout line
exact same fractal as during the first phase/ assertion fractal setup.
Volume still strong, Stoch should clear to mid-range or low range before we move up again. Look for an exciting EoW EoM before $6,000 and up
Welcome one and all to my bitcoin futures bullish reversal. Since the start of Bitcoin futures we have been very bearish and it makes sense as they pushed the price up to near 20k and opened futures, this really gave them a great opportunity to short as full on FOMO and foolish trading was occurring around this time.
2018 was a fantastic opportunity for some as...
The situation on the futures market is positive:
Contango. Demand on the next contract
Fading of the movement is possible in area 5000. Please be careful!
It is possible to open a medium-term short sell from area 6100-6700 in case of growth continuation. Values of the price 5400-5700 - a zone for short-term sales.
I consider long...
After the recent increase in price, it looks like $BTC Futures may be building some liquidity for it's next leg up. What does this mean? I'm expecting price to fall over the course of the next 3 months into a falling wedge pattern. This pattern is often viewed as a bullish pattern meaning price will continue to recover.
I'm curious to see how this plays out....
BTC continues its crazy run but ran into serious resistance here at around $5,500
It was an area where we paused right before the dump to new lows. If we can break above this level than 5800-6000 is on the cards.
Hedging long positions here would be a smart idea in case we do pullback as the gaps below are plentiful right now to go and close
A close back below...
As I predicted a few weeks ago we moved up very quickly through the liquidity gap in the 4000's.
This allowed price to move up 15% with very little increase in open interest on the long side - meaning the liquidity gap is still there.
1) Huge sell off when we hit 5k
2) RSI bearish divergence on 4H
3) Stuck below 200 day moving averages
(***DISCLAIMER: I'm not a professional trader, this is not financial advise, you shouldn't make any trade based on this idea***)
Looking at the BTC1! daily chart it seems that it hasn't been able to push through 200EMA (green line) and is now heading back.
I'm expecting a retrace above the strong support area (red rectangle) around lows 4k$, right...