DID THE BEAR MARKET END IN MAY? "buy fear sell greed" - W.BPlease hit that like button if you appreciate all the visuals I've created for you guys here on this daily chart. (spent an hour making this for the community)
-Please note all the horizontals on the chart and the price's with correlation.
-The check marks represent validation points on the trend-lines. (macro htf)
-Don't forget about CME gap, if we hit 12300 I'd expect a retest of 11900 before heading to 14k.
-In bull markets we "buy the dip" not "sell the tip" understand?
Next chart will be posted in the next week: going to give the market time to do it's thing and fluctuate in the levels that are "priced in".
👍👍👍👍👍👍👍👍👍
Cme!
False Breakout ! July 28, 2020We have seen in the past that BTC has a wild behavior and loves to trap longs and bag holders at high prices with false breakouts ! We are facing a resistance @ $11534 ( August 5th 20219) and 0.618 fib extension sits right around $11950-$12100 level ! The whole world has gone bullish once again and the worst is yet to come ! There is nothing but bad news for the world economy and If you are thinking this market is going to the moon you are wrong ! This is all about liquidation and you will always get cheap prices so you can invest and get liquidated again! Our price Target for bitcoin remains at $6400, $5300 on both daily and weekly chart! It can come now or later ! Be patient and don’t fomo at the top !
Gap Fill ? BTC/USDT to 118xx ? #Bitcoin #CME #cryptoBitcoin finally rallied back to hit 10k after an extended period of sideways - Btc Dominance chart went lower than most expected but at least the turnaround has started on the Bitcoin tether chart above . What's BTC target ? Well .. I'm just thinking here that there is a CME futures gap up near 118xx and the blue star on my chart as well as the top of that pink and blue regression band is near 118xx . These gaps usually fill . So it will be great to see Bitcoin close above this upper trendline now ! Is Bitcoin actually making a new upper trendline soon ? I've suspected this would happen - and it makes sense . A new upper trendline will extend further in time until completion thereby making true the 'Lenghthening Cycle' theory of Btc that comes from Benjamin Cowen YouTube channel and which I believe is probably the case . You agree ? Let me know !
Retest 9700-9900 To Fill CME GapMore often than Not if there is a Gap in the CME Futures Charts it will usually be filled one way or another.
Look for a retest of the 9700-9900 levels to fill Gap.
I know, this isn't a CME chart.... Didn't realize until I was almost finished. My apologies.
God Bless Bitcoin BINANCE:BTCUSDC
29.07.2020 - Bitcoin - CME futures Hi Traders!
After many weeks of nothing happening, the ices finally broke last week and Bitcoin made a decision and went up. We are currently balancing at $ 11,000. Today, however, I wouldn't like to do a traditional analysis of Bitcoin, but I would like to point out one fundamental thing that isn't much discussed.
CME futures is a US stock exchange where Bitcoin is traded. As this is a classic stock exchange, it is common for its gates to be closed over the weekend. However, as you know, cryptocurrencies are also traded over the weekend. If Bitcoin price on the crypto exchanges moves more significantly over the weekend, the CME futures exchange with a "gap" will open on Monday morning. The GAP gives us a price "gap". Why is this important? GAP on CME futures mostly acts like a magnet and in the end it can attract the price. This usually happens in two cases:
1. The GAP shall be completed on the given week of its opening. That would mean we're going under $ 10,000 again this week.
2. The GAP is filled in only after the completion of a certain cycle on Bitcoin. It can be a week, but even a month.
CME futures GAPs act as a magnet for the price and in the vast majority they get used to pulling it back. Will it be the same now?
May the crypto be with you!
LONG - BTC - Target 11,800 and moreAfter finally breaking the big resistance of 10500, BTC it’s on the way to 11,800.
But first, that level needs to be retested so we can confirm that trend is up, I’ve seen a couple of indicators that say Btc will go down to 10500 and then heading to 11k’s. My plan is to long with 3 different layers that will get me an avg entry of 10578 with a stop loss at 10299 which I think makes it a nice r/r trade.
Layers: 10692 / 10592 / 10452
Avg Entry: 10578
SL: 10299
Targets: 11769 / 12559 / 13272 / 13873
* Not financial advice *
BTC-CME: Small retrace and move to 12KHello,
We have Daily CME chart here,
We saw BTC broke from the Ascending triangle pattern and reached the measured move target perfectly.
Only thing was this target still fell just a bit short than where we have long unfulfilled gap on CME.
For today and on next coming days, I am expecting BTC to put in some small retrace (Note: I am not expecting deeper retracement in BTC for now) and head back to the 12K target which will also get that gap filled and hit areas of strong resistance.
We also have to see confirmation of the HL on daily chart so this retrace could be the most bullish thing to happen.
The chart pattern I published few weeks back has worked as I was expecting, It gave you perfect targets for take profit and got you long entry from 9250. You will find more info on it on the below chart.
Hope you find this info helpful.
Happy and safe trading...
Chao...
Curb your enthusiasm - there should be one more dip to buyGaps always fill.
I did go through 6 months of charts once though, and believe me it's true. Every CME Bitcoin futures weekend gap filled within a month.
This isn't that chart. It's just a friendly reminder that for a spot position, there's likely to be a better entry than right now coming up soon.
Not advice. Past doesn't always resemble future. Or vice-versa.
Bitcoin: Absolutely CRITICAL CME Gap Analysis 1D (Jul. 27)X Force Global Analysis:
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In this analysis, we refer to the CME Bitcoin Futures chart to assess the possible bullish and bearish probabilities, as well as significant support and resistance zones.
Analysis
- To begin with, we can first notice that Bitcoin has broken out of the descending trend line resistance
- This adds weight to a significantly bullish case, as it provides confirmation for the consolidation being over
- We can also notice two major gaps on the chart, that haven't been filled.
- The first gap is at 11.8K, near the 0.786 Fibonacci retracement resistance level
- The second gap is at 9.8k, near the 0.618 Fibonacci retracement resistance level
- We are currently having difficulties breaking through resistance, as the 0.618 has been tested multiple times over the past few months
Market Sentiment:
Long short ratios are at 73 to 27, with significantly more long positions than shorts, indicating a strongly bullish market sentiment.
What We Believe
We believe that despite the gap at 9.8k, more weight is added to a bullish scenario, as we have broken out of major trend line resistance, and the psychological resistance at 10k as well.
Let us know what you think in the comment section below
Trade Safe.
Amazon ( Amzn ) prediction based on Neowave Strategy!Amazon has reacted to the price of $3200 after hitting Fibo 0.786% and we expect it to fall to the range of $2700 with negative and positive fluctuations. This analysis is not a trading signal and is only a forecast for the future trend of the market.
EURUSD | H4 overviewHello traders! Since the price crossed the critical level of 1.1281 for the previous scenario, so I switched to an alternative count. From 1.1202 to 1.1293, a bullish impulse probably formed. It is possible that wave {ii} was completed at 1.1202. If this idea is correct, we will see growth with the breakdown of channels.
EURUSD may decline | H4 overviewHello Traders! It is possible that wave (b) of {ii} was completed in the form of a barrier triangle. Wave (b) rolled back wave (a) by 0.382. I think that the wave (c) of {ii} has now begun to develop. Since two diagonals in one zigzag are rare, I expect to see a wave (c) as a impulse. I have two goals derived from the ratio: (c) = (a), (c) = 0.618 (a). You can see them on the chart. If the price goes up and crosses 1.1281, then I will switch to an alternative calculation of waves with the continuation of the development of wave (b), or the idea in which the second wave takes the form of a sideways correction.
BTC1!: CME TD 9 Bear Trap Buy SignalCautious shorting the current 4hr candle on BTCUSD, currently looking at a bear trap on the CME futures chart with a TD buy signal on the 4hr. Bears are also failing to move price strength into oversold conditions, signalling signs of bearish exhaustion, as CMF returns to positive.
S&P is finding support (for now) from the 200 Day MA that could confirm with a candle close by end of day.
Remaining cautious, could turn bullish. Might as well fill the little weekend gap at $9,175 - $9,220 that's closeby before falling lower at least.
Courtesy of Tone Vays TI Indicator: tonevays.com
Inverse Head & Shoulders Fracta - Deadcat to $9.4K?
A few possible scenarios:
The Euro will growKey Levels: 1.0671, 1.1502
It is possible that the second wave ended at 1.0671. Also, the second wave rolled back the first wave by 0.786. We see that the price rested on the upper border of the corrective channel and for several weeks can not break it. Breaking through this channel will confirm the idea of unfolding the wave {3} or {C}. I think that the Euro is now developing a wave (1) of {3}. If this is the case, then we have a great opportunity to make a profit.
BTC! - Small CME Gap is still in playThere's a small unclosed cme gap between $9250 - $9180. It doesn't mean we immediately should rise up, but it needs to be considered when evaluating your risk (>90% of gaps closed).
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
Bitcoin Ramping up for 7.7k retest. Many Bearish Signs!!! Hello guys. Bitcoin has displayed many bearish signs.
Firstly Bitcoin has broken out of its daily Ascending triangle downwards. This means that it will likely hit a target of 7.8k (Green zone).
Bitcoin has also closed below the Daily EMA ribbon. Every time this happens it indicates that the daily trend has ended, And that we are about to go much lower. We are able to see this in previous history(Highlited by Green circles). Its likely that Bitcoin might retest the EMA ribbon. This might be a good place to place a short position if you havent already.
Remember guys there is a CME gap at 7.7k
Historically these fill, So Bitcoin might go back down to this zone to fill it.
On the weekly time frame there is a Bearish RSI divergence and a Bearish Engulfing candle. We are able to see this here:
These two signs indicate a reversal in the trend on the weekly time frame.