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Btccme

Let's update our #Bitcoin #CME 1D chart;Let's update our #Bitcoin #CME 1D chart; If you remember, I last shared a chart on 24.07.2024 that there could be a 30% decline on the Bitcoin side and that a Bullish formation structure would start from these levels. In the meantime, I have always voiced the danger of the gap it leaves behind as it rises. While filling the gap, it left a new gap at the same level (in the 60k band). We can consider this positive as it remains above. We can say that the decline is not yet complete and we could see another decline of around 12% from the current level due to the pullback.
CME:BTC1!Short
by ugurtash
Bitcoin CME Gaps get filled normalyALWAYS look at the CME chart BITCOIN CME GAPS The Daily chart shows us one that is still open and down to 58900 For me, this is HIGHLY likely to get filled So, SPOT BUY order placed at 59K ( not advice, just what I have done ) - Lets see if it gets filled. What this highlights is simply that the CME is a Major player now. Look at the previous gaps that have been filled It has the LARGEST share of FUTURES trades in the 'Bitcoin environment", overtaking Binance earlier in the year. It HAS the power and it WILL use it. We just have to play along, be smart and understand that most of the time, GAPS get filled. Knowing this can give you very good buying opportunities. Just be careful when the bull run hits....they may get left behind till the Bear market hits...THEN the Gaps can give us ideas of retracement levels to come. Lets see how thins plays out
CME:BTC1!
by Orriginal
$BTC - CME Macro 3D Elliott Wave Update $BTC - Macro Chart. Ending diagonal is starting to print out on the larger TFs. The most harmonious chart I've found is on the 3D where you can imagine the curving towards the end of C. Lots of confluence for a bounce just around 17k, including a gap from late 2020, previous resistance all the way back in 2018 and more recently, a bounce from late 2020 once again. fib extension with those numbers gives us a 1.618 target for wave iii around 125k. This is obviously all very hypothetical and will need to be re-evaluated once the bottom is found, if it hasn't been found already. This is my main macro count. I have an alt count where the correction could span a few more years (this being only wave C of A). Trade safe.
CME:BTC1!
by FlokiCrypto
BTC CME an interesting patternLast night I was looking into BTC to short my position and my eyes bumped into this interesting pattern. So whenever BTC made a gap in bearish wave/impulse. That wave ride upto 54-60% everytime. I saw this 3 times already and this is happening now at the moment of writing too. And what make it more interesting is which happened first time there are two gaps in a bearish impulse. So if we calculate the 60% drop it get us a target of 12680 and the last gap of CME is at 9735 maybe a sudden wick and it will be closed.
CME:BTC1!Short
by BlackBirdTrading
6
$BTC CME - Macro count. 100k This year? So if we rewind back to last spring, I had outlined the flat possibility at that time. I didn't think it would make it past ATH tbh. However it did and it made a beautiful flat with the length of A and C matching, which is textbook. Assuming this is correct and the B wave is not wave 5, we are in for a great year in crypto. Dominance is also begging for a 5th wave down, which lines up with a nice alt season. Low bear volume on this down trend is much lower than in wave A which is a great indicator that if the correction is not done, we are very close. I'm looking for another rush upwards very soon to complete wave 1 of 5, which should be followed by a minimum of 50% correction for wave 2. 100 EMA Weekly has held support and we are now stuck below the 55. I would expect a push up to the 21 EMA for this 1st wave. Trade safe and remember to set a SL.
CME:BTC1!Long
by FlokiCrypto