Cme!
BTC1! CME gaps are memesPrice action on the CME chart is in ascending triangle currently heading to close the gap at 55.2k which corresponds to the support of the ascending triangle.
If ascending triangle support is broke the measured move will send price to 38K which coincidently correspond to a CME gap.
Orange boxes on the chart are closed CME gaps and the blue ones are still open.
BTC - small gap 12.04.2021Just a small gap this Morning.
Lets see how fast it get closed.
Short it, like always
Elon Musk received 1.5 B for Bitcoin advertising on TwitterHi! What's up bro?
I carried out an analysis of Bitcoin futures on CME exchange. Showed the distribution by profile volume and candlestick volume and compared the volumes in the last three months. And suggested when a fall in prices would begin. Happy viewing!
The fall is likely to start in April, and it’ll last for 3 to 4 months. I’m waiting for the BTC bottom in July-August at $10,500-13,000.
And now as to figures. 1 contract on CME = 5 BTC.
How much is it in dollars?
41,000 futures with a cost of 55,000 to 60,000 were distributed. The average price by profile volume is 58,000. Multiplying 41,000 by 5 and then by 58,000. So, the capitalization of CME futures alone is almost $12 billion in April!
P.S. God damn! Supposing that Elon Musk was paid $1.5 billion for ad by advertising BTC, then only for April, the organizers gained X10 in billions of dollars. 🧠
Bitcoin CME Futures Gap (Speculation) CME Futures is one of the biggest bitcoin futures group.
Over the past years we tend to see when there is a gap in the chart, over 90% of the time we always fill this gap.
The gap is caused by price volatility mainly on the weekends when CME futures is closed.
The areas marked with a box show these gaps getting filled.
I would not be surprised if we saw sudden wicks and test the $55,000 area to fill this gap.
CME gap fill?Could be.
Haven't seen one in quite a long time.
Would make sense considering the record open interest heading into last Friday.
We'll see :)
Bitcoin CME Futures - End of Month Dumping 20% Consistently Price trend data leading up to the last Friday of each month, when the Futures contracts expire. Consistent dumping at the end of each month.
Volume and Open interest of some CME contractsLooking at the numbers helps us figure out what goals to other market participants have? Do they rollover their positions alot? How far do they project themselves?
Do they hold for months of exit after just a few days?
We can see the volume of Oil popping off when the expiry is close as traders, for example terrible ETFS, close and re-open the next month and I am suspecting much of this volume are front running algos taking advantage of these rollovers.
The S&P is looking more like a casino of short term gamblers than ever.
And the EURUSD sees much holding relative to trading, there are no day traders in FX which echoes with the BIS report showing trader's timeframe (almost all retail investors day gamble or "swing" gamble < 7 days but they represent only 5% of the FX market maybe even less).
Other notable futures: Gold with a volume of 185 thousand contracts this Monday, and open interest of 472 thousand split almost evenly between the "front" month (in practice the April contract) and June one.
10 year T Notes have an open interest of 3,780,235 contracts (378 billion usd) I think this is the second highest one.
10 year T Notes options also have an open interest of over 3.5 million.
The total volume is close to 2 million for futures & 500k for options. So about 250 billion USD.
I think the third biggest contract in usd terms is the e-mini S&P 500, with a daily volume typically around 3-3.5 million (> 500 billion usd). The contact volume is about the same it has been for years but the usd value has almost doubled from when the S&P was lurking in the depth at close to 2000 points.
Open interest for the S&P is at 3 million for futures + 500k for options, it's sitting at around the same value as the ADV.
This is the era of day traders...
The largest contract is not even close. Seriously these numbers make my head turn.
It's the Eurodollar (the future that represents the London interbank rate).
The daily volume hoovers around 2 - 2.5 million contracts (I'm guessing around 700 billion usd).
The open interest is eye popping at 25-35 million contracts (Friday it was at 11.8 million futures & 20.9 million options), it's half the GDP of China.
GBPUSD - LONG ENTRY PRICE - 1.38650Re-enter for long trade. Stop level under Demand Zone.
GBPUSD - LONG
ENTRY PRICE - 1.38650
SL - 1.37700
TP - 1.40800
Always follow the 6 Golden Rules of Money Management:
1. Protect your gains and never enter into a position without setting a stop loss.
2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better.
3. Never over-leverage your account.
4. Accept your losses, move on to the next trade and trust the software.
5. Make realistic goals that can be achieved within reason.
6. Always trade with money you can afford to lose.
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!
CL1- Short The CL1 chart in 2h shows us a strong bearish expectation to reach $ 64 or -2.62% in the coming days by respecting the resistance of $ 66, in addition to having a strong need to go down due to the previous lows formed on March 10
But we must be aware of the possible linear trend that can be formed as the graph shows us
In addition, we can also see that the RSI shows us that the market is in an overbought zone, with an inclination
It is subject to individual responsibility
BTC1! CME weekly candle indicates major change in trendThe CME has formed a weekly bearish engulfing candle if price don't go above this level until Friday's close. A weekly bearish engulfing candle almost always indicates a change of trend downwards. Maybe the CME gaps will be filled as greater than 90% have been historically filled. The few that were not filled like the 3.6k and 9.6k, might have been closed internally by the CME .
Blue boxes are unfilled gaps.
Bitcoin CME futures chart (dates & levels) BTC (Q1 2021)Good morning traders,
As we're going into the weekend I wanted to make a quick post regarding the Bitcoin CME future's chart, dates, and certain key levels within that for Q1 2021.
IF, I was trading based off the future's CME bitcoin chart I'd look for a short term pull back, however this probably won't happen because bitcoin has been crazy lately but that's what the charts say.
"The markets can remain irrational longer than the trader can remain solvent"
These levels are significant levels and as you can tell certain gaps are filled, and most aren't.
I'll post updates to this chart at the end of the weekend and as weeks come.
Please get this technical analysis to +30 likes to unlock Monday's post! 👍
Update 11/02/2021Watching the CME chart, I see 2 patterns.
I think it is unlikely to reach the targets due to the selling pressure BTC keeps getting rejected at but if it broke,
those are some big prices.
Keeping an eye on institutional sentiment
Short Ethereum beecause CME calls it EtherToday is the opening day of ETH futures on CME. It is known that the desk for CME's Ethereum futures hold ETH. If so, they would likely be interested in hedging short on a cash-settled futures contract such as CME's ETH.
They call it Ether. A travesty.
Note: This is a short term bias. Invalidation on break of open price.
ETH LONG TO 2022 !! both year and priceHello traders
long time no see
as you know, all of the crypto markets are bullish now, but the key factor is that we need to see the fundamentals.
ETH listing in CME is a big move that no one can deny
grayscale buying ETH too
so I definitely will put some in the basket and hold till the end of 2021 or, who knows, maybe 2022
technicals are smooth and reliable to enter.
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What is your opinion? Comment below.
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Goodluck.
Ethereum ST (February 1st 2021)Ethereum/USD (February 1st 2021 through March 2021)
Low: $1,302
High: $3,302
Wanted to come up on another update for Ethereum before the big Chicago Mercantile Exchange futures launches on February 8th.
I think 5 important short term future levels to watch for could be $1,570, $1,901, $2,436, and $2,971-$3,302. I specifically want to see bearish reactions off of those levels, the 1.27 could be important too but maybe not as important as these other fibonacci levels.
I think with the introduction of CME futures for Ethereum, price could get extremely volatile. It may get a glorious pump but it may end in terrible devastation too. Bitcoin's CME futures launch was January 13th 2020, and Bitcoin managed to pump up to mid-February before it took another month to crash. But at that time, things were fundamentally different and Bitcoin had already been in a months-long major downtrend. Ethereum could still be in a major uptrend but if this crash I've been theorizing about comes, it could be far worse than March 2020.
There could be some decent volatility this week before it really starts pumping, but when it gets going it will probably be insane. If a real crash happens after, we could see prices back under $600 for sure. This will be very unpopular, but in my opinion, Ethereum could go back under $100 by the time the bear is done. For now, the market euphoria may only increase more and more.
The red box is my predicted range for Cindicator forecasting this week.
Related ideas attached below:
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
All of this volatility has to be good for someoneCME should benefit form the increase trading volume in stocks and options. The stock has had a huge decent but it looks like it could be reversing here after breaking the regression line at support. Rate of change also remains positive and its a decent risk/reward setup
CME visuals (2nd possible scenario) Patience pays off (BTC)$32,500 is the area of interest right now.
If we break back above $32,500 on (spot) it's likely we get another push up towards ($36,140) which is likely where we get the 3rd validation point on the downtrend as well as the retest from the broken trend line (bearish retest) which if we get a rejection will send us back below $32,500 (s/r flip) from either support to resistance or as of right now (it's still resistance).
This is just an alternative scenario on the CME charts and won't even have a clear visual on this until tomorrow night/Monday.
99% of CME gaps get filled sooner or later (fact), the question is when?
We've clearly been in a downtrend since the ATH at $42,000, and until we break above that downtrend the trend is your friend and that is currently bearish not bullish even if we break $32,500, and $34,000. We'd have to break above $36,140 on a 4 hour, 6 hour, or daily close in order for me to flip bullish again.
Plan your trade and trade your plan.
YouTube channel coming soon!
Enjoy your weekend, I'll be watching the McGregor fight cheering on the irish fighter.
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Ethereum about to blow off towards $2,760 Short-termHello All,
Please hit the like bottom at the bottom right corner and hit the follow button for more charts and updates.
This is a simple chart to show that since our last chart about Ethereum not having closed a Weekly candle below $580 was spot on along the parabolic fractal I had published back then (see idea on tradingview below):
Currently, as we near the ATH I see the next prominent short-term target as being at $2,700-2,760 with a $100+- margin of error which is the textbook target of the long-term bull reversal rounding bottom pattern shown on the chart.
The long-term final target of the Ethereum Megabull has also been revised to $28,000-31,500 roughly which I will publish soon. Stay turned and hit the Like and Follow button!
Happy trading!
Carl M.
