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 […]
Bitcoin consecutive dojis at 200-week SMA
Market Overview: Bitcoin Futures Bitcoin consecutive dojis at the 200-week Simple Moving Average (SMA). The price barely increased its value by 0.13% during the week. Bitcoin is testing a Head and Shoulders Bottom (HSB) breakout point, which is right below the 200-week SMA and the 20-week Exponential Moving Average (EMA). Traders still wonder if the bulls […]
Bitcoin Doji Bar and HSB Breakout Point Test
Market Overview: Bitcoin Futures Bitcoin futures doji bar and breakout point test of a Head and Shoulders Bottom (HSB). The price increased its value by 1.57% during the week. Bitcoin gapped up on Monday and ended the week trading at around its opening price, creating a weekly doji bar. Traders wonder if bulls will resume their […]