Bitcoin CME GapsThe “Bitcoin CME Gap” is the difference between the trading price of a CME Bitcoin futures contracts when the market opens on Sunday, and when it closes on Friday.
In 77% of these cases the retracement occurs in the subsequent week, before the next CME market open.
No matter which type of trader you are, never forget: “mind the gap”.
Cme!
BITCOIN - Watching 36K For Continuation!In our last Bitcoin Analysis. we were signalling that we may see a breakout soon. Since that post, we got a massive 30% breakout!
Retracement Long Scenario:
Watch for price to retrace back to the 36K level where we have previous structure. Entry on breakout of the retracement correction.
Continuation Long Scenario:
Watch for price to break the 41K level and get in on the retest of 41K with stops below the structure.
Short Scenario:
Watch for price to break the 36k level and enter on the retest with targets of 30K. Stops above the 36K structure level.
CME Gaps explained - Sunday night suckersI've been exploring CME Gaps for sometime. Here in this chart I go through several of the most outstanding gaps left in the BTC market.
Tonight was a wonderful example of how CME Gaps can lead you astray. Generally speaking, CME Gaps are filled relatively quickly, and or the gap price hovers closely over the weekend, so the fill almost goes unnoticed.
This weekend however, went differently (so far), but not so differently if you look into the past. There is in general gap theory on all charts, but BTC holds many peoples close attention. The last time the CME gap was this large, it slowly but surely filled that gap methodically. Once market makers saw this opportunity (imo), there was an explosive run away gap scenario to take advantage of. Many retail traders observed an opportunity to short once CME began trading again, this is generally not a poor strategy. However, other market makers saw an opportunity to grab liquidity, and they have thus far.
Which other major CME Gap will fill first $49K or $23K? Or alternatively, fill the newly existing CME Gap and remain range bound for another month or so?
Interesting confluence for BTC around $23.8K Fib + CME GapRecently found some interesting confluence around $23.8K for BTC. If you like this let me know, or why you disagree.
The entire Global Fib "Golden Pocket" from Bitstamp, happens to overlap with the largest remaining CME Gap yet to be filled from Dec 2020.
Fib extension from the very top has a 2:2 smack in the middle of the overlap, as well as a 1:1 Fib extension from the local price action.
Will we reach this level before rising back into a full bull market? Personally, I believe we will.
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Also, I've got a sell/short signal on the notes. RSI (upper 88), 3-period is a bit juiced.
And finally, the best resource for futures symbols and product descriptions is the CME site.
www.cmegroup.com
BTC1! BTC CME - 12hr Death CrossBTC CME Death Cross (50/200ema)
BTCUSD Death Cross occurred 21 May 2021 with a substantial reactionary drop of roughly 26%
Always be prepared for the bear case - it creates opportunity!
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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
BTC1! new 48k gapBTC1! failed to close the top CME gap at 60k of the double gaps before dropping significantly. This I interpret as bearish, but the silver lining is that price will return to 60K in the future. Currently a new significant gap was formed at 48k,and probable that price action will close this gap soon since price action has formed long absorption wicks at 42k and an HTF bullish engulfing candle.
USDCAD - LONGThe price has reached the demand zone. Consider only buying opportunity.
USDCAD - LONG
ENTRY PRICE - 1.21860
SL - 1.20500
TP - 1.25800
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!
USDJPY - SHORTSell on false breakout and resistance Gann line! Expecting a Bullish Measured Move formation to the next Point of Control.
USDJPY - SHORT
ENTRY PRICE - 109.450
SL - 110.000
TP - 108.150
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!
BTC/USDT 🐝Hey hey my friends 👋
Brief BTC update, we have broken the bearish scenario of a descending triangle and a bearish pennant to form a falling wedge which is a bullish reversal pattern which have a 68% chance of a break higher 🧀
Keeping an eye on this idea because it will drive alts with it either direction it goes 👀