Market Overview: Bitcoin Futures Bitcoin sideways within tight range. The next week is the last trading week of the year, and the closing price of the yearly candlestick will become of paramount importance for traders during 2023. By the end of June, we have said that the second most influential price within any year, is […]
Bitcoin Outside Down Bar and Low 1
Market Overview: Bitcoin Futures Bitcoin futures begun the week trading higher and then, by the end of the week, reversed down – a Bitcoin outside down bar. The year is about to end and the bears -that controlled the price action during 2022- want to close at the lows. Bitcoin futures The Weekly chart of […]
Bitcoin Futures Trading Sideways
Market Overview: Bitcoin Futures Bitcoin futures trading sideways during the week. The final flag bull setup triggered a few weeks ago still in play while the price is within a bear channel. Bitcoin futures The Weekly chart of Bitcoin futures The Daily chart of Bitcoin futures Market analysis reports archive You can access all weekend […]
Bitcoin Testing Major Breakout Point
Market Overview: Bitcoin Futures Bitcoin futures traded down during November, with Bitcoin testing major breakout point. Current prices are attractive for traders because of the importance of the price levels that are around. Bitcoin futures The logarithmic Monthly chart of Bitcoin futures The Weekly chart of Bitcoin futures Market analysis reports archive You can access […]
Bitcoin ii after Bear Breakout
Market Overview: Bitcoin Futures Bitcoin futures ii after bear breakout and still trading around a major price level, which is the 2017 close. Traders consider that the current area is a sweet spot for trading. Next week is the monthly bar close; so far, November is a bear bar with a prominent tail on both […]
Bitcoin Trading around Major Price Level
Market Overview: Bitcoin Futures Bitcoin futures are trading around major price level, which is the 2017 close. After 5 years of trading at the Chicago Mercantile Exchange, the Bitcoin futures test a price that acted as the hardest resistance before the major bull trend that occurred after COVID-19 crash. Bitcoin futures The Weekly chart of […]
Bitcoin Bear Flag Breakout
Market Overview: Bitcoin Futures The Bitcoin futures lost 30% of its value during the week with a Bitcoin bear flag breakout – recording a new low for this year. Now, the price is testing the 2017 close, the most important price level of the Bitcoin Futures. Bitcoin futures The Weekly chart of Bitcoin futures The […]
Bitcoin Sideways to up over Next Few Months
Market Overview: Bitcoin Futures Bitcoin futures traders are likely going to see bitcoin sideways to up, until the end of this year. The long-term view is a Trading Range between $69355 (all-time highs) and $14470 (2017 close). Bitcoin futures The Monthly chart of Bitcoin futures The past month’s candlestick is a bull reversal bar, a […]
Bitcoin Breakout of Bear Trend Line
Market Overview: Bitcoin Futures Bitcoin futures broke up above the major bear trend line by trading sideways, which should be viewed as a significant loss of strength from bears. Bulls are not looking strong, but if bears exit their shorts, the price will go up during the rest of the year. Bitcoin futures The Weekly […]
Bitcoin Reversal from New Low
Market Overview: Bitcoin Futures Bitcoin reversal from new low this week. It remains slightly below crucial resistances after reaching new fresh lows of the major bear trend, by trading sideways to down. Bitcoin futures The Weekly chart of Bitcoin futures This week’s Bitcoin candlestick is a small bear doji, closing near its midpoint. During the […]