Chart Description
The chart shows a recent strong move up in BTC CME Futures, highlighted by the green Fibonacci retracement levels measuring the prior swing low to swing high.
Two red boxes are drawn near the top, marking a potential resistance/supply zone where price previously stalled.
A white downward arrow indicates your expectation of a pullback from this resistance area.
At the bottom, an oscillator (in yellow) appears to form lower highs (a potential divergence), suggesting fading momentum as price tested the red boxes.
What I Think Is Next
Given the resistance in the red box area and the potential momentum divergence, you anticipate a short-term correction or pullback.
Possible downside targets could include the nearby Fibonacci retracement levels (e.g., 0.382 or 0.5), where BTC CME might find support and consolidate before the next move.
If price can’t hold those fib levels, a deeper correction toward lower support zones is possible. Conversely, a strong breakout above the red boxes and any key fib extensions could signal further upside continuation.
The chart shows a recent strong move up in BTC CME Futures, highlighted by the green Fibonacci retracement levels measuring the prior swing low to swing high.
Two red boxes are drawn near the top, marking a potential resistance/supply zone where price previously stalled.
A white downward arrow indicates your expectation of a pullback from this resistance area.
At the bottom, an oscillator (in yellow) appears to form lower highs (a potential divergence), suggesting fading momentum as price tested the red boxes.
What I Think Is Next
Given the resistance in the red box area and the potential momentum divergence, you anticipate a short-term correction or pullback.
Possible downside targets could include the nearby Fibonacci retracement levels (e.g., 0.382 or 0.5), where BTC CME might find support and consolidate before the next move.
If price can’t hold those fib levels, a deeper correction toward lower support zones is possible. Conversely, a strong breakout above the red boxes and any key fib extensions could signal further upside continuation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.