BTC CME 4HPARTY OVER?
waiting to print more candle..
Dec 31 - 02 Jan 2025
maybe another impulse down?
let's see what happen
Happy Holiday
BTCUSD27M2025 trade ideas
How $BTC gets to $2M+ per coin and flips goldHow I see BTC price action playing out to flip gold and hit $2M+ per coin
Bitcoin Price UpdateThere is a significant Bitcoin futures gap at the price level of $103,670 to $102,470. This gap could lead to potential price movements. Additionally, there is a concentration of long positions that could be liquidated at $102,344 to $101,939 if the price declines, further adding to market volatility.
85KUnder normal market conditions, BTC will not provide information to the next direction in the 85k area. This is only if the current support will fall.
Are the Bitcoin bulls and bears right?Bitcoin has been the top performing asset in the world and by far the greatest. With bitcoin attempting to be the world’s reserve asset, are the bulls accurate to say that 245K is the Top while the bulls are saying 85K is the Low? Both can be right, and there lies the confusion. Elliott wave enthusiast may say we’re in a fourth wave correction leading to the top of the market. The four wave may actually go as deep as 85k as the bears predict but may also be the wave leading into the top $245k as the bulls predict. Somewhere in between the two lies the answer.
Not looking for drama!As the S&P 500 gets ready for the Fed announcement on Wednesday regarding a potential decrease in the Fed funds rate a dramatic move on Tuesday would not be expected without new information to stimulate the market. I am looking for a sideways the only slightly higher movement on Tuesday.
Bitcoin’s bullish break generates fresh long setup Bitcoin futures have opened the new week on the front foot, talking out the former record highs at $105325 before extending the move as Asian markets come online.
RSI (14) has broken its downtrend while MACD looks like it may crossover from below, suggesting bullish momentum may be building again.
While the price signal is definitive, we’ve not seen pickup in volumes accompanying the bullish break, making the preference to wait for a retest of $105325 before initiating long positions, rather than simply buying around these levels.
If there was pullback and bounce from $105325, it would improve conviction in the setup, allowing for longs to be established above the level with a tight stop beneath for protection.
If the trade were to move in your favour, the preference would be to wait for a topping pattern or signal to determine whether to hold, take profit or reverse the move.
Gap fill incoming Don’t get me wrong, I’m still bullish, but this is a great opportunity to take some profits and buy your position back at a discount, before the bull run goes manic.
Let's talk about CME📈In most cases, BTC is likely to move upward and fill the green CME gap section. This could lead to significant movements in altcoins, potentially triggering the next phase of the bull run and the start of an alt season.
📉However, in the worst-case scenario, if BTC breaks the critical $90K support zone, we could expect a continuous downturn, possibly filling the red CME gap. If this second scenario unfolds, altcoins are likely to experience substantial losses, and the first stage of the alt season may be missed.
📌In the first scenario, if the alt season starts BTC will continuously try to breaks the $90K super support zone. Setting stop losses becomes very important at this stage.
Start of a short uptrendI've already provided a brief update on the analysis, but our possible movement is an uptrend
CME GAP 84-40KExit from the ascending channel.
CME GAP at 84k-80k.
Every time when BTC touched the trendline drawn from bottom, it corrected +20%.
a clear title for my concise idea for bit Coinplease provide a meaningful and descriptive description of descriptors used to describe deez
BTC Futures Analysis: Key Levels, and Potential ScenariosBig Picture:
BTC Futures reached a new high at 108,960 last Tuesday Dec 17, 2024. FED rate decision and 2025 rate cut projections tampered down from 4 to 2 resulted in market sell-off. BTC futures were also down reaching a low of 92,355 on Friday and closing at 96,600.
CME Futures halt early tomorrow and are closed on Wednesday Dec 25th, 2024 for Christmas holiday. We also have a very light economic calendar. Lower liquidity during the holiday period may push prices in either direction.
Key Levels to Watch:
Nov 18th Week Hi: 101,110
Dec 10th Low: 94,785
Last Week Low: 92,355
LIS (Line in Sand) for short-term bulls: 92000- 90,000 support zone.
Scenario 1: Consolidation Above Key Support
BTC futures further consolidate between Dec 10th Low and Nov 18th Week Hi at 101,110. Price did not close below LIS last week. As long as this support holds, price holding above 94,785 may provide a setup towards 100,000- 101,110.
Scenario: 2: reakdown below LIS
Break down of LIS will see a deeper pull back towards 78,000. Here it will be a wait and see approach for BTC futures to hold below 90,000 mark and expect further downside if buyers fail to push prices back above.
Disclaimer: The views expressed are opinions and should not be interpreted as financial advice. Derivatives involve a substantial risk of loss and are not suitable for all investors.
BTC will fill CME GAP at around 77KWe're seeing some wild swings in Bitcoin's price, and I'm calling it: this isn't just the market doing its thing. I mean, where's all the BTC on exchanges? It's like there's none left, and the prices are shooting up to levels that Wall Street boys would think twice about jumping into.
This smells like big-time manipulation by the heavy hitters, like those hedge fund giants and the exchanges themselves. They've got the power to make the market dance, and with so little Bitcoin floating around, every move they make has an outsized impact. It's like they're playing with a loaded deck.
I'm not saying I've got the smoking gun, but the signs are there. When you see prices that don't match the supply, you gotta wonder, right? Are we just pawns in their game, or is there something else at play?
Let's keep our eyes peeled, because if this is manipulation, it's on a whole new level. What do you guys think? Am I onto something, or am I just seeing shadows?
Remember, this is speculative based on what we're observing in the market, and while manipulation is a concern, it's one among many factors influencing crypto prices.
Whats your thouhts?
BTCUSD IN SELLING ( RINING WEDGE )The rising wedge pattern on BTC/USD is a bearish reversal formation that typically occurs during an uptrend. It's characterized by two converging trendlines, both sloping upward, with the upper trendline being steeper than the lower one. As the price moves within this narrowing range, trading volume often decreases, signaling weakening buying interest ¹.
In the context of BTC/USD, a rising wedge breakdown could trigger a significant correction, with a potential downside target near $90,765, representing a 14% decline from current levels ². The Relative Strength Index (RSI) remaining elevated near 64 also suggests overbought conditions, which may amplify selling pressure if bears take control ².
To trade this pattern, consider the following steps:
- Identification: Confirm the presence of a rising wedge pattern by drawing trendlines connecting the highs and lows.
- Confirmation: Wait for a breakdown below the lower trendline, accompanied by an increase in volume.
- Entry Point: Consider entering a short position once the price convincingly breaks below the lower trendline.
- Stop-Loss: Place a stop-loss order above the upper trendline or a recent swing high to manage risk.
- Target: Estimate the potential downside target by measuring the height of the back of the wedge and projecting it downward from the breakout point
BTCUSD BULLISH DIRECTION There is btcusd support 97800 to 97300
BTCUSD buy from 97800
Tp 100000
SL 96000
BTCUSD BULLISH DIRECTION There is support of btcusd 97800
Btc buy from 97800 to 97300
Take profit 100000
Stop loss 96000
BTC wave 4 underwayWave 4, I think wave 4 is underway, abdce consolidation, we should pull back to confluence of fib extension and measured move of consolidation, 86k, price could dip into the upper 70's,.. as long as we do not breach the top of wave 3, around 74500 area a wave 5 up has good odds..
CYCLE 4 | CME GAP - View on the Daily ChartFor additional clarity, this companion post is intended to be read in-conjunction with the weekly analysis post below:
