Please like and share if you appreciate this Elliott wave update. We are certified Elliotticians and publish Elliott Wave counts for indices, stocks & ETFs, cryptos, and commodities, in weekly, daily and 4-hour . View live Bitcoin CME Futures chart to track latest price changes. Trade ideas, forecasts and market news are at your disposal as well. - CME gaps are looking to be filled up with the surge in buying volume. targets: - possible dip/support buying around: targets: if the green box support breaks down or a daily close .
Btc cme tradingviewBTC1! Charts and Quotes — TradingView
It is highly probable we will see the last 5 wave correction as C of ABC. If so it may be equal to 1 year length in terms of timing. Despite we are so close to new all time high, I am not recommending buying right now. My EW count was wrong in my previous analysis, I was assuming, that the 5-wave cycle is completed, but we got another wave to the upside, but this should really be the last one.
We have decent bearish divergence on RSI, which often indicates end of the cycle. Bitcoin very likely finished 5-wave move to the upside, now we should continue down into that grey support zone, we should bounce up from that zone and then continue higher.
At this point just watching for some negative divergence or an event to push this down to a retracement level. Pennant about to break! How do you think? Shall we go and close the gap? Write in the comments all your questions and instruments These are the only gap ups that happened when price was dropping that i found. You heard that right folks, this isn't no ordinary Bitcoin Bull Run, there's something coming between you and your bullish outlooks and I'm not hear to tell you exactly what that is, but I am here to help guide you through this experience of Bitcoin Trading.
My analysis goes beyond technical analysis and comes from beyond what the eye can see. Beaming you the Bitcoin is following the Fibonacci levels to the degree that we can expect a pullback to previous levels as well as the upward move to the the next level. You can't ignore it at all. Ready for reversal. GAP still open Do expect a return trip back to the 8k region for this gap to be covered.
I would go ahead and take profit there if you've been stacking your shorts. I do believe we have a double top situation setting up. Correction will resume after double top. Short to back to 8k, take profit, open long to 8. What do you think? Look the chart The other side if the analysis uses gaps simple think trader Well done if that price will be reach. Notice the yellow box up 11K area is a gap that wasn't filled and since everyone is talking about the one at 8. BTC Futures pull back expected and happening!
Futures Chart. Videos only.