Market Overview: Bitcoin Futures Bitcoin futures 1st leg up loss of momentum. During July, the value of a Bitcoin decreased 4.22%. Traders wonder if this is the start of a retracement. A 1st leg up loss of momentum normally anticipates a retracement. Bitcoin futures The logarithmic Monthly chart of Bitcoin futures Analysis Trading The Weekly […]
Bitcoin Intriguing Bear Breakout Attempt of a TTR at 30k
Market Overview: Bitcoin Futures Bitcoin futures Bear Breakout attempt of a TTR (Tight Trading Range). During the week, the value of a Bitcoin decreased by 0.97%. Traders wonder if the tight range during the bull channel, it is the beginning of a transition into a trading range. Monday it is the last trading day of […]
Bitcoin agony Breakout Mode at the Bull Flag Top and 30000
Market Overview: Bitcoin Futures Bitcoin breakout mode at the bull flag top on the daily chart. During the week, the value of the crypto asset decreased by -1.48%. Traders are ready for a breakout attempt, or a big move up or down, next following weeks. Bitcoin futures The Weekly chart of Bitcoin futures Analysis Trading […]
Bitcoin peril failing to close above 50 percent retracement
Market Overview: Bitcoin Futures Bitcoin futures failing to close above 50 percent retracement of the 2022’s bear trend. During the week, the value of a Bitcoin decreased 0.23%. For 3 consecutive weeks, the price tested above the prior week’s high (wedge top within lower time frames). Traders want to see what happens if bears can […]
Bitcoin July 2023 Double Top in Bull Channel
Market Overview: Bitcoin Futures Bitcoin Futures July 2023 Double Top in Bull Channel. During the week, the value of a Bitcoin decreased 0.86%. A couple of weeks ago, a bull signal was triggered, but the follow through was not good since it was a doji bar closing below the bull signal close. This week was […]
Bitcoin Q2 2023 Weak Bull Follow Through
Market Overview: Bitcoin Futures Bitcoin Futures Q2 2023 (2nd Quarter of 2023) Weak Bull Follow Through after Q1’s Bull Signal Bar. The price increased its value by 6.72% during the current quarter. The price is going towards Q1 2021 low gap, meanwhile the Q4 2022 high gap is open. On the weekly chart, the candlestick […]
Bitcoin Big Weekly Bull Signal and Fresh 2023 High
Market Overview: Bitcoin Futures Bitcoin Futures big weekly bull signal and fresh 2023 high. During the week, Bitcoin increased its value by 17.98%. This move it is a serious attempt for continuing the 2023’s bull trend. Furthermore, the sideways trading inertia occurred during the past couple of months is over, and traders will probably be […]
Bitcoin Closed At 200 MA After a Surge From Support
Market Overview: Bitcoin Futures Bitcoin futures surge from support. The price barely decreased -0.36% of its value this week, after gapping down after the prior weekly close. Moreover, bears were unable to close, again, below the Head and Shoulders Bottom (HSB) breakout point and the 20 Exponential Moving Average (20 EMA). Bitcoin futures The Weekly […]
Bitcoin Gap Closed of Prior Breakout Point
Market Overview: Bitcoin Futures Bitcoin gap closed of prior breakout point. This week, the Bitcoin price decreased 2.87% of its value. Traders wonder if the breakout point will act as support and resume the 2023’s bull trend, or if it will break down the support and test the next higher low. Bitcoin futures The Weekly […]
Bitcoin Reversal Down Attempt from Monthly Chart Resistance
Market Overview: Bitcoin Futures Bitcoin reversal down attempt from a monthly chart resistance. During May, the price decreased its value by 7.89%. At the end of the first quarter of the current year (Q1) we have said that the closing price in March could be the most important price during the Q2; so far, the […]