Market Overview: Bitcoin Futures Bitcoin continues the bull micro channel by avoiding, per 11th consecutive week, trading below the prior weekly low. This upcoming week, is the last trading week of 2023; So far, the price of a Bitcoin increased its value by +160% respecting 2022’s close. Hence, the next weekly close will settle a […]

Market Overview: Bitcoin Futures Bitcoin 2nd inside bar of a 10-week Bull Micro Channel. Last week, we have said that the price was likely to test this week’s low instead of continuing to trend up higher, and this is what happened. This sell-off was provoked by Bulls taking profits, since there is not any topping […]

Market Overview: Bitcoin Futures Bitcoin achieved a big bull bar late in a Bull Breakout. The price rallied 17.60% respecting the past week’s close. However, this surprising Bull Breakout occurs after many bars into a Bull Micro Channel, which is often an exhaustive move, meaning that it is more likely to trade lower towards $40000 […]

Market Overview: Bitcoin Futures Bitcoin’s monthly chart: The price created a good follow through bull bar in November, after the Buy Signal Bar of October, that was Breaking Up a Tight Trading Range. During November, the price increased its value by 9.40% respecting the past month’s close. Now, after the Cup and Handle Bull Breakout and […]

Market Overview: Bitcoin Futures Bitcoin futures 7-week Bull Micro Channel at Measured Move. The price concluded another week with a low above the prior low, a 7-week streak. By the end of the upcoming week, there will also be the monthly close. Traders expect a test of $37000 during the week, which is the middle […]

Market Overview: Bitcoin Futures Bitcoin right below 40000’s sell zone. During the week the price decreased it is value but still, it closed above the mid-point of the weekly range. The prior 3-week’s low are all nearby, trading below that might change the inertia in favor of the bears. Moreover, the price is near a […]

Market Overview: Bitcoin Futures Bitcoin futures are Trading towards a Rectangle Measured Move and $40000. This week, the price closed higher 7.80% respecting the past week’s low. The Bull Breakout is evident, there are magnets close above that are probably going to be reached. Bitcoin futures The Weekly chart of Bitcoin futures Past: Support and […]

Market Overview: Bitcoin Futures Bitcoin formed a severe bull bar in October. During October, the price increased its value by 28.80%. The price created a bull breakout bar that is breaking a breakout mode pattern. Looking to the left, there is some confusion, and Traders are waiting for confirmation during November. Bitcoin futures The Monthly […]

Market Overview: Bitcoin Futures Bitcoin futures strong bull breakout and test of 35k. The price is up 14.38% respecting last week’s close, and it is trying to do a bull breakout of a Breakout Mode Pattern. Now, there are two consecutive strong bull signal bars on the weekly chart and traders wonder if this is […]

Market Overview: Bitcoin Bitcoin is testing $30000 big round number and the August High, during a hunt of weak bears on the daily chart. This week’s candlestick is a strong Bull Bar. Traders wonder if this is the start of a Bull Trend; however, it is too early to say since the price remains within […]