CME BTC Futures for reference.
The boxes below represent chart gaps that may fill in.
With 2 red candle Bitcoin resumes its correction and retest of the breakout area - it took 11 days from breakout at 60k to 66k, we were pointing toward 65k and correct, thus we haven't made trades.
60k has been reach and it's an interest area.
There's news to watch for, ports shituation and current Iran - Israel - us news.
BTC CME FUTURES isn't much different, although the Gap at 54k is wide (I start to think it's a runnaway gap, which often don't close).
There's a solid OB as support at 60k - 58k and a lot of confluence of other indicators, making it a sweet spot area to reverse up if it's not going close the 54k gap.
- Bull Channels is complete, inside we had a solid breakout of the Falling Wedge and we're now waiting retest of that same area or a push lower to trigger liquidity. All is done and set for a massive breakout of this Channel.
I'd be a buyer on reversal confirmation. All crypto should run together and amazed us once again with the Bitcoin power and the economical cycles.
Today is the Monthly close and as long as it closes above 62772$ should be fine.
Possible reversal on week to retest 61k, but it's still a wide timeframe 👇
On daily price on OB support but near liquidity (those lows), there's a possibility price will reverse up here after liquidity, otherwise it should retest 60k - 61k - could go lower, will depend on a few factors.
That's why weekly is a wide timeframe, but daily could be, or not, on an important turning point.
According to books, the price should retest in this area and it's a bullish behaviour 💪
New symbol(s) detected: EIGEN/BTC binance, EIGEN/FDUSD binance, EIGEN/TRY binance, EIGEN/USDT binance
Читать полностью…CZ to be released today after spending four months in federal prison
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It's been 1051 days since the global crypto market cap peaked on November 15, 2021.
The longest-ever crypto market cap drawdown lasted for 1,106 days from Dec 15, 2013, to Dec 25, while past cycles drawdown lasted for 1096 days from Jan 7, 2018, to Jan 7, 2021
— link | trade like a pro on Bitfinex
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5D is an interesting chart, showing the top resistance so weak that another hit and it will break up.
On the other hand, the bottom been banged but it was less intensive so it can still withstand another poke and should be support - unless a black swan event comes, ya know!)
OB is about breakout area from Falling Wedge and likely to hit that support at 57k.
After this all OBs will be already tested on both sides and price can take any direction breaking up this massive consolidation on a bull flag shaped 👌
Options volumes have increased over the past few weeks as markets shift to a risk-on mindset
— link | @unfolded
New symbol(s) detected: .EIGENBON bitmex, .EIGENBON8H bitmex, .EIGENUSDTPI bitmex, .EIGENUSDTPI8H bitmex
Читать полностью…#BTC #Update
Down ☺️
...poor lows triggered ✅
Waiting for more downside toward 60k or reversal❗️
On daily price on OB support but near liquidity (those lows), there's a possibility price will reverse up here after liquidity, otherwise it should retest 60k - 61k - could go lower, will depend on a few factors.
That's why weekly is a wide timeframe, but daily could be, or not, on an important turning point.
According to books, the price should retest in this area and it's a bullish behaviour 💪
#BTC #Update
Down ☺️
...poor lows triggered ✅
Waiting for more downside toward 60k or reversal❗️
Robinhood launches crypto transfers in Europe as it pushes overseas expansion
Digital asset investment products saw a third consecutive week of inflows totalling $1.2bn, in expectations of continued dovish monetary policy in the US.
Bitcoin saw inflows of $1bn while Ethereum broke its 5-week negative spell, with inflows of $87m, the first measurable inflows since early-August
— link | @unfolded
New symbol(s) detected: .HMSTRBON bitmex, .HMSTRBON8H bitmex, .HMSTRUSDTPI bitmex, .HMSTRUSDTPI8H bitmex, HMSTR/USDT:USDT bitmex
Читать полностью…New symbol(s) detected: HMSTR/BNB binance, HMSTR/FDUSD binance, HMSTR/TRY binance, HMSTR/USDT binance
Читать полностью…Ethena plans to launch new stablecoin backed by BlackRock's tokenized BUIDL fund
PayPal announced it is enabling its U.S. merchants to buy, hold and sell cryptocurrency directly from their PayPal business account
New symbol(s) detected: 1MBABYDOGE/FDUSD binance, 1MBABYDOGE/TRY binance, BTC/EURI binance, CATI/BRL binance, NEIRO/FDUSD binance, NEIRO/TRY binance
Читать полностью…