BTC1! Weekly Futures - Patterns & Time

٢ أغسطس ٢٠٢٤

Range defined reversal and weekly expansion so far on bar #20 of the handle / bull flag consolidation. Long above short below or use lower time frame to reduce risk range. “May” see break out or down on bar #21(fib time). TV targets appear to use a 1 to 1 moves so I have included the cup and handle 61% bullish breakout measurement. The two cup rim swing highs are divergent which can at times show bias. Sentiment 1.37/1 Buyers to sellers.
Best wishes and Happy Trading!

٢ أغسطس ٢٠٢٤

ملاحظة

Adjustment to C&H extension level from a break of right side of cup not handle breakout level as depicted. Should read 110,705.

٥ أغسطس ٢٠٢٤

ملاحظة

Bar #21 performed as mentioned. Unfortunately for the Futures Traders it gapped away unless you were able to take the lower time frame setup. The other exchanges trading BTC before the Futures opened were in this case the better choice.