Bitcoin Futures - Volume Analysis Prediction 2/16/2018

Hi, friend.
This is Bitcoin Futures ( CME contract) analysis. I think we must to analyze it, because this instrument plays an important role of bitcoin priceformation on other exchanges.
Also, the volumes on the Bitcoin Future is constantly growing and more institutional investors are entering the market.
What we see now on BTC Futures?
The price has reached important resistance levels - P O C of January contract and the lower level of previous balance (consolidation).
If the price breaks out level 10250 and holds above next target will be 11150. On cryptoexchanges it would 11200.
But I would rather wait for a rollback to the upper balance level 9100 or support zone (8700-9100). These levels are much better for opening buy positions.

Trade recommendation (appropriate for cryptoexhanges):
Entry point: 8700-9100
Stop: 8200
Target: 11150

Glossary of terms
  • Point of Control (P O C) – The price level for the time period with the highest traded volume .
  • Value Area (V A) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion.
  • Balance - Accumulation Area.
  • F L - flat level.
  • T L - trend level.
  • Fixing (fix, culmination) - reverse price reaction then the markets stops i'ts movement for a short time. The trend stops when it passes through 2-3 fixing movement.
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