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Copper: just some infosHi Guys, Interesting time for copper! Chinese smelters and global miners meet every November to negotiate the annual benchmark for the following year’s TC/RCs. Miners pay treatment and refining charges (TC/RCs) to smelters to process concentrate into refined metal. When supply is scarce, refiners have to charge less to attract what they need. This comes when an unofficial Chinese ban on Australian copper concentrate imports could hurt Chinese smelters in their negotiations with miners on benchmark treatment charges for 2021, traders and analysts said. While Australia is not a big supplier of copper concentrate to China, the row comes as supplies from South America have been disrupted by the coronavirus epidemic which looks set to erode the bargaining power of smelters in China to buy for next year. On Monday the Candelaria Union will decide how to carry on the strike commenced at the beginning of October that disrupted supply. From a technical point of view to note that despite the divergence between price and sentiment, the commodity keeps pushing towards the 3.2 level. Will it drop from this level or will it continue higher? Please share your view in the comments below. Thank you for your support and for sharing your ideas. Cozzamara Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities. IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumstances.
OANDA:XCUUSD
by cozzamara
2
Only uphill? I think so. Long BTCGood time. Well - my medium-term price of bitcoin - works for all 99.9% You can view it here. "Expect a flat and up!" BTC/USDT - LONG ? WHY? At the moment, I can only write you what I expect a price above 11,500! Why higher than now???? - because we are heading to the CME price threshold. Don't forget to trade with stop losses. For me, such growth is strange, without any adjustments. Don't forget to trade with stop losses. For me, such growth is strange, without any adjustments. at the moment, I insure myself against a sharp price drop. and set the stop loss at 10950. All to you good trades, and only with profit!
Long
by OppositionTrade
1
OR WE TAP $9600 (cme gap) ~ supply zone, bouncing to 16kIf $11,100 is the top it just proves to myself sticking to the plan is the right move (just need to enter initially with less size & DCA in slowly) We just wicked above the 3rd validation point in the downtrend but a wick down to $9600 (cme gap) which is an area of interest considering it's obviously a potential massive buy zone (which could send us to $16,000) That would mess with everyone and most people would get liquidated or miss the bounces or a violent move to the downside before we continue up towards ATH and current resistance level at $12,490. I've shared both sides and bias, now you can decide which you like more and go with that. Are you bullish or bearish friends?
COINBASE:BTCUSDShort
by Yurlo
8
WILL BE CLOSING MY LONG & ENTERING MY SHORT FAIRLY SOON...After 4 HR close on red bearish full body candle for some confirmation of a short incoming trade,will look for some volume to make sure this is not a double FAKE OUT , so far we have gotten rejected 11 times/FAILS at the new resistance level @ $11100.00 0n the 1 HR not being able to kick thru and move higher and finish this bullish fake out , so i believe we are going lower and will be closing the CME gap @ $9600.00 , maybe not tonight while the market is still consolidating and making up its crazy mind but it should close the gap soon after at market open Monday morning or soon after as it always fill sooner then later the market riggers/whales are very impatient
BYBIT:BTCUSD.PShort
by TENXBITTRADER
Understanding Risk/Reward through Bitcoin's CME Futures GapsIf you like this analysis, please make sure to like the post! I would also appreciate it if you could leave a comment below with some original insight. In this post, I will be explaining the concept of the Risk/Reward Ratio, also known as the RRR, and the significance of this idea when it comes to trading. I will also be explaining how this can be applied to Bitcoin's CME Futures Chart on the daily, in regards to gaps. Analysis - To begin with, Bitcoin's CME Futures chart shows a huge gap leading down to 9.6k - Unfortunately, this gap is yet to be filled. - Given that 99% of gaps that have been created get filled some time in the future, it's likely that this gap will fill as well - However, solely approaching the chart from the perspective of gaps has its limitations - For instance, the gap at 11.4k took almost a year to fill. - As such, gaps don't provide us with a specified time frame as a reference - Should we fill the gap right now, and bounce at gap support, that would be a 7% move downwards from the current price - Should we see a stronger bearish price movement that extends below the price gap, we could see a 15% move downwards based on support levels - The gap support at 8.8k converges with the descending trend line support on the weekly, as well as the 0.5 Fibonacci retracement support (refer to our previous analysis) - As such, it's reasonable to conclude that a bearish price movement over 15% is less probable. - On the bright side, it's also important to note that there are some gaps above the current price, indicating potentiality for bullishness - There is a wide gap at 10.5k levels, and another one at 11.4k - Given this information, we can estimate our risk/reward when entering a position at current levels - Splitting our entries into three different levels, we can: 1. Enter at the current price of 10.2k 2. Dollar Cost Average (DCA) at the 0.382 Fibonacci retracement support at 9.4k 3. Enter at gap support around 8.8k - This way, we know that our risk is limited, and that the upside remains huge, due to the overall trend being bullish. - Based on significant support and resistance levels, a trader would then calculate his stop loss target and take profit targets according to his risk appetite. Conclusion The trend is your friend. While the short term trend may appear bullish, it could be said that the overall trend for the long term remains bullish. As such, it would be better to look for spot/long entries near support. Don't predict the market. Take it by levels, and play by probabilities. - Michael Wang-
CME:BTC1!Education
by Michael_Wang_Official