Cme!
BTC1! cme still respecting channelthe spike to 11.7k yesterday created a gap but priced remained bound to the ascending channel. The gap was closed and more downward price action is expected given the bearish divs on the HTF and price crossing the midline of the channel.
The objective is gap closure at 10.5k, but price action can go deeper to the POC which is confluent with the 4h 200ema.
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!
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?
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
BTC1! cme in a ascending triangleCME failed to close the gap that opened this week, instead price heading in the opposite direction. As it happened before price will reverse and fall to close the gap. If price maintains within the ascending triangle then price action is bullish and upward trend will resume.
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-
DOWNTREND WAS INITIATED AUGUST 17TH (lower highs ever since) -Yurlo
Please go ahead & give this post a like 👍
Why I'm bearish when everyone thinks "the bottom is in"
#1: When everyone thinks the bottom is in, it probably isn't.
#2: SPX just dropped below a MAJOR transition point (s/r) & I believe BTC will follow & break the $9800 support.
#3: I don't like to follow the crowd.
#4: Be a lion, not a sheep.
Phases:
#1: (downtrend initiation phase)
#2: (sideways phase)
#3: (fakeout phase)
#4: (downtrend continuation from fakeout phase)
#5: (distribution initiation phase)
#6: (panic phase)
#7: (lower high phase)
Best of luck to you all.
$10200 REJECTION ON 4 HOUR CHART? (9600 gap inevitable) -Yurlo (PLEASE HIT THE LIKE BUTTON IF YOU APPRECIATE THE CONSTANT UPDATES AND VISUALS REGARDING PRICE ACTION) 👍
I took a scalp long after $9950 was defended HEAVILY by bulls, HOWEVER it seems to appear the 4 hour candle is getting rejected & I don't like how strong this downtrend setup is.
I closed my long, and I'm going to take a small low leverage short here. (I'd still like to see the 9600 cme gap tapped) yes of course this MAY never happen and I'm prepared for the potential bottom to be in after the s/r was flipped at the $9950 level.
I've got a feeling this will result in being a bull trap before we head to fill the (9600 CME gap)
Enjoy your labour day, and get ready for another week of high volatility & great returns!
If you have any questions regarding my perspective or the visuals I've provided just leave a comment and I'll do my best to help you!
👍
PLEASE NOTE: this can pump to $1100 USD & still be a lower high & be bearish.
$9600 (cme) or $10620 (cme) first? (PLACE YOUR BETS)-Yurlo (Please give this TA a thumbs up for the visuals created here)
Recent weekends CME just closed at (10620), while the breakout CME at (9600) hasn't been tapped since we broke above (10000) well over a month ago.
I'm placing my bets on $9600 to be tapped before $10620.
Why:
#1: Bears aren't close to reaching an exhaustion phase (every time bulls try to spook bears it gets pushed back down to prior levels)
#2: We've been seeing lower highs & every pump is being sold. (bearish)
Lose $9950 & $9600 will happen quite fast, hold $10000 & the s/r will flip.
BTC ... GAP or BUST!Good Afternoon Everyone!
A glance at BTC, I'll keep it short & sweet.
- Right now, we've been respecting the TA that we've been sharing to the $$$, super happy about that!
- We are SO SO CLOSE to this CME gap at 9600 being filled, what I said earlier & I'll say it again here, statistically, it's likely that we WILL fill the gap there, however I won’t discount the IDEA that the Market Makers are planning for this, so it would be wise to accommodate this in your strategy.
- Longer Term, looking at the High Timeframes, specially the 1D, the HIGHEST QUALITY Demand Zone is at 8800, whether not we get there remains to be seen, I'm not suggesting anything & I'm not getting too much ahead of myself here but, this WOULD be the HIGHEST quality level and its one to keep on your radar for the Macro scale.
- In conclusion, looking towards some relief too cool all the indicators down a bit (which we are having now admittedly) before we potentially fill that GAP at 9600 and then I'll be anticipating a MAJOR market decision there. Whether we continue down and come to rest at 8800, or we reverse and see those 10 - 12k Highs again.
Stay Safe & have a great day!
LOW RANGE SWEPT (back to high range - 10700)-Yurlo
(please SMASH that like button if you appreciate the creativity I've been sharing with the community) 👍
Reasons why I'm bullish around the 9800 - 10100 level:
#1: Every single time we've wicked below 10000 whales have been buying the zone up like no tomorrow/
#2: CME gap (latest) is still 10620, it would make for a smoother drop if this was to be taken out before (9600 CME gap)
#3: This downtrend from the "top" at 12495 ish still has only 2 points on the trend-line (I'd like to see for a confirmed trend)
#4: The market has flipped from EXTREME GREED to EXTREME FEAR (this is a buying opportunity for me)
#5: I trade my plan & plan my trade. (my plan tells me to long)
#6: I feel like being an alpha chad bull
Enjoy the rest of your Labour day long weekend, and hopefully see you at 10700.
Look Out Below ! CME/BTC1! #cmefutures #bitcoin #CME $BTCWell after that Bitcoin dump the other day many are speculating " How low can this go ? " Well there is still a CME BTC futures gap below us on the daily CME BTC1! chart . Can you see above where I have placed the purple arrows on the chart ? That is the gap right there . It's between 9925 - and - 9670 and so we do need to go down there and fill this gap at some point . This gap has been there since late July but since Bitcoin has already gone below 10k today it is highly speculated that we will go down to mid 9k region at least to fill this futures gap . Possibly we go a bit lower too . Will it happen this weekend ? No , because the CME Futures are closed on weekends and Monday September 7th is a holiday in the USA and banks are closed so probably it has to wait until at least Tuesday .
I still expect BTC to hit 14k this year , possibly more , but it seems like we will fill this gap first before we continue on up .
Have a great weekend !
BTC (Y20.P4.E5).Macro.Next movesHi All,
I have been looking at what is likely to happen next with BTC price action and I thought this time, I start it off with the BTC CME chart (FUTURES chart) this time.
OBSERVATIONS and THOUGHTS:
======================================
NOTE: many of the things outlined here were mentioned or shared in my previous posts and now I believe its confirmation to it.
There is also other developments that need to be considered or factored into the equation, eg US dollar index.
> As I stated in the past, I had a major pullback happening around to this level, and I was somewhat near it, but what ever it was we would then acknowledge it as wave 5 complete and the ABC correction is taking place.
> The ABC correction will take us below 10K for the last time for a long time, this will happen on this current wave, as per my chart and post below.
The below post is still valid as to what I see happening at the macro level (and its charts extracted from it).
> Now we have a bounce target here which is ranging from 10850 to 11200, but this is conditioned based along with the USD and SP500\and Gold.
> I see impulse C near the apex of the ascending triangle we had a month ago (rangeing from 9k to 10.5k) were we spent months in it. Hence why its a strong support area one would think.
Using the volume tool, I have this range as per the chart. Anything below this, will make the MACRO chart bearish and then its likely we can visit 7k to 8k. At this point, I see this less likely but who knows. I would need to see the daily and weekly indicators to make a judge then.
> For now the CME gap was not filled and its likely it will with B to C impulse.
> Many of the DEFI alts will likely drop to the same level as now if this happens, making it a double bottom and for those that bounced well, a fib higher.
======================================
Now some factors that can influence the stock market and BTC.
> USD pricing, hence the chart below. To summarise, if the USD rallies up, its likely that the stock market and crypto will drop more than expected. If its long term rally.
If it drops more, its good news for the stock market and crypto.
> I'm a follower of Alessio and he says the following: hence I agree with him and a few others who share the same thoughts. As per the chart, its my idea although people could have similar or alike.
Alessio tweets
#Bitcoin has been following our script exactly! Back in June I called for a move higher from 9K to 12K (in the Summer), then a DROP back BELOW 10K by September-October, and then finally a move significantly higher as we start the new year (2021). OHH YEAAH! CHICKA CHIKA!
The stock market has been the BEST predictor of #USElections . Right now, it's likely bad news for our current President, as the market is down over 5% in Sept. Remember that a >5% drop in the months of Sept-Oct in a RECESSION is statistically a negative sign for the incumbent.
Two weeks ago I told you that IF the stock markets drop by 5% or more in the 2 months before the #USElections , specially during a RECESSION, then it is usually BAD news for the incumbent President. Examples are: 2008, 2000, 1992, 1980 etc. Therefore... (Part 1/2)
Please give me a like or tick for this post;
Cheers,
S.Sari
My key levels
===============================================================================================
PREVIOUS POSTS
Within this post I had this chart, and I'm still of this mind
Then this as the overall picture
===============================================================================================
USD PRICE INDEX
YESTERDAYs on the SP500