Market Overview: Bitcoin Futures Bitcoin micro double bottom and attempt to end the bear trend, as they are trying to consolidate a short-term bottom; still, it is too early to believe that the end of the Major Drawdown is near. Bitcoin futures The Weekly chart of Bitcoin futures On prior reports, we have highlighted the […]
Bitcoin failing bear breakout
Market Overview: Bitcoin Futures Bitcoin failing bear breakout and stalling at Major Support. Short-term Bulls regained control after 3 months watching a Bearish price concert. Traders expect the price to pullback to $30000 before the end of this current Quarter. Bitcoin futures The Weekly chart of Bitcoin futures Context This week we had a bull […]
Bitcoin major drawdown structure
Market Overview: Bitcoin Futures The Bitcoin futures are down 60% since the year has begun. Down 73% from the highs, traders are wondering if the price will continue to trend down until $11800, which represents a Bitcoin major drawdown (85%) from the highs. Traders look at this 85% number because it is the size of […]
Bitcoin sell vacuum test of major support
Market Overview: Bitcoin Futures Bitcoin sell vacuum test within a Bear Channel, down 70% from all-time highs and currently testing a major support: the previous Breakout Point, which happens to be the previous all-time high. Last week, a Low 2 sell signal bar triggered; so far, this week responded with a Lower Low. However, there […]
Market outlook for 2021: Bitcoin
Video duration 7min 09sec. Market outlook video reports for 2021: Market outlook for BitcoinMarket outlook for Bond futuresMarket outlook for Crude oilMarket outlook for S&P500 EminiMarket outlook for EURUSD ForexMarket outlook for Gold futures Video transcript Introduction: Market outlook 2021 Bitcoin Hi, everyone. I’m Al Brooks. Thank you so much for your attention. At the […]