BTC UpdateA new CME gap has formed around $67,630. Currently, there are two nearby gaps at $67,630 and $63,550.
It's worth noting that approximately 90% of CME gaps tend to be filled sooner or later, whether it's within a week or a month. Keep this in mind.
Regarding BTC, I anticipate it will touch the upper trendline of this symmetrical triangle or even surpass it, but it could be a fake out. There's a possibility of rejection around $74k or $75k, at which point I'll be looking for short trades.
Following that, BTC may proceed to fill both CME gaps entirely and prepare for new all-time highs within the next six months.
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BTC LongOld Short-Trade Update and Long-Term Plan:
The CME Gap is anticipated to be filled at 64,210. I have closed 80% of my short position at 65,551 and am now planning to initiate buying orders. Key levels to monitor include 64,210, 63,411, and 61,051. As for the stop-loss, it remains undetermined at this stage, and I will provide updates upon closing my positions. While this move is expected, there is a possibility of further downside, so it's crucial to trade cautiously and at your own risk.
Riskier Short Trade:
There's a chance it will descend from 68,400. I will be looking for one final short trade from that level. However, it's important to note that this trade carries higher risk, and only experienced traders should consider attempting it.
BTC Short Now that it's confirmed that BTC is consolidating in a triangle pattern, I hope you all have made some profit. I predicted the formation of this triangle pattern way earlier.
The CME gap between 62,000 and 64,000 will sooner or later fill.
The target prices for this trade are as follows:
- 69,601
- 69,011
- 68,111
- 66,111
- 65,111
- 64,111
Stop loss (SL) at 71,251.
Currently, it's consolidating in a triangle pattern. I anticipate a significant move on Monday. For today, consider booking profits on the lower trendline and initiating short positions from the upper trendline or resistance levels indicated on the chart at 70,111 and 70,464.
BTC CUPnHANDLE (CnH) Correction before breaking out to new HIGHsSince 15555 we are seeing this formation and then a breakout now we have the BIGGest CUP_ ever which do deserve a BIG handle.
Market Makers I believe you will love to see that formation of the bigger charts.
We have a strong down side QS setup to follow QS downside targets 15555 ( too ambitious !!), just talking in a TA language, anything is possible.
But for now I will be more interested in finding out how deep of a handle are we getting for such a HUGE CUP
My targets are based on FIB 43210-45678 ZONE
We can still enter this trade after the confirmation and follow 620->420 Loop
which will be 62222->52222->48888->44444
This is what I see here
You guys have a closer look too, I have prepared a chart for you.
Cheers
Trader's Trance ON
BTC next bull run target will be 150k as per this analysisBTC next bull run target will be 150k as per this analysis what we can see here the golden zone of fibonacci level when you draw fib at the previous high to low as i draw on the chart so keep follow and support me for daily basis analysis like this and many more post like this
Today BTC will be Bearish or Bullish After 42900 and 42600Today BTC will be Bearish or Bullish After 42900 and 42600 because see the chart market making a channel with taking so much time of weekend and it all work after when new year party will be end and trading volume is coming to btc so market so in a single direction.........#btc
$BTC Daily UpdateCRYPTOCAP:BTC #BTC Precisely predicted $43,145 support test, bearish engulfing on 1D and 4H from Sat played out as expected. Currently struggling to gain string support at $43,145. RSI on 4h and 1d looks fine. $43,868-$44,174 resistance area to watch for breakout, $42,070 next key support
BTC SHORT TO 22786So we are again looking at a QS on daily and we are completing the 4th Leg on Daily TF, the 5th leg should start from 27860/28280 zones
SL 28888
TP1 24444
TP2 22786
we will be trapped in 220-620 loop
break of 620 we go 420 the 220
bigger picture
28888->18888
slice 1 : 27860 ->24444 (Short)
Slice 2 : 24444 ->26200 (LONG)
Slice 3 : 26200->22786 (Short)
BTCUSDT SHORT 15 MIN ENTRY @3025
SL @30353
TGT@30010, 29800, 29540 +
After a SL in long entry previously I have taken a short position as per my setup post retest and a breakdown of support. There is also a bearish crossover and it is below 0 level so let us see if this takes a SL or target. There is no shame in taking SL for me as I know my setup gives me a 1:5+ ratio in trades so I do not mind taking SL 5-10 times straight. I tried taking trades on 5 min they work on BTC but now as 15 min or 1 hour. So from next time I will try to trade only on 15 min min frame ignoring shorter frame of 5 or less in Bitcoin.