CME - Bullish on push above the 618CME - Bullish on push above the 618
CME - Bullish on push above the 618 @187.72
I will be buying July or August CALLS this am.
I will add to my position on a drop to lower band of the downtrend regression channel @172-170 if needed.
1st Target = 786fib @ 202
2nd Target = 222
This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
Cme!
Bitcoin CME and Spot RSI LongTermOn the Weekly RSI , you can see a formation has been resolved to the upside and the RSI line tested the formation and became support.
And on the RSI , the MA and EMA of it have a positive slope.
So far So good.
This formation is on CME and Spot at the same time.
On the other hand on Moving Average perspective the lower periods are on top of higher periods and they have a positive slope.
$BTC : CME Gaps on Bitcoin.This chart is just to reflect on later/view to identify the current gaps on the Bitcoim CME chart.
But why is this important?
CME, as a multi-billion dollar derivatives company, has no incentive to push for Bitcoin options and other investment vehicles if there simply is no traction or demand from the market. As the company’s executive Tim McCourt said, CME’s Bitcoin futures market facilitated around $270 million per day:
“We’re pleased our CME Bitcoin futures have rapidly evolved over the last two years to become one of the most liquid, listed Bitcoin derivatives products in the world, averaging nearly 6,400 contracts (equivalent to 31,850 Bitcoin) traded each day in 2019.”
BTC1! - Weekly CME Gap update (05/25)BTC1! futures opens with a small gap (~1.5%) down.
Will we close it or not?
I think we will and it get closed within a week. The previous one was closed one day later.
So, if to trade the gap here, it could be something like long $8800, stop below $8600, target $9-9.1k. Maybe we'll get a big candle in that area and fast rejection off $9100.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
BTC1! - Weekly CME Gap update (05/18)CME:BTC1! was opened to a +2.76% gap which was already filled.
For example, if you decided to trade this weekly gap with avg stop size about ~3%, it would be a low R:R trade at the moment; but with a tighter stop loss you most likely was stopped out.
You can try to vary parameters in my "Gap Strategy " and find the best strategy for gaps.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
#Hourly: Bitcoin and The CME Gap #02On Friday evening the price of bitcoin futures was fixed at $9295 on the CME. The new trading week will open with a gap (almost 6% for now).
Gaps tend to be filled. The latest one was almost 13% and closed within a couple of days. Keep your money.
The magnet above = $10k+.
The magnets below = $9300, $8500.
Time to watch.
Not a trading recommendation.
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3RD TARGET AT 9.5K CONFIRMED BEFORE THAN EXPECTED!WE CONFIRMED THE 2ND TARGET AT 9.5K AND ALMOST REACHED THE 3RD AT 10K!!!
ASTONISHED BY THE SUPRISING POWER OF THIS SHORT (I WONDER IF MID AS WELL) TERM BULL TREND!
CME FUTURES GREAT REFFERENCE!!!
Please Guys! Let me know your opinions! Don't hesitate to comment! than you so much!!
LOVE AND GOOD LUCK!!
ENJOY!!
PREVIOUS IDEAS:
ENJOY!!
Uncertainty? Don't get liquidated. Its 50-50 to up and down.We can observe strong selling pressure in the H&S structure. Waiting for a clean right shoulder formation.
Bearish Views:
We have a decent right shoulder for now. To send a strong selling pressure for right shoulder an upward move to 8900-9150-9350-9580-9650 will be a decent bet. 8400-9580 will provide exchanges good liquidation counts. A breakout of this H&S Structure will take us down step by step to 8000-7800-7200-6800 and further if needed. Considering weekly candle showing slow reversals, if Red TD shows up the downward move can go as low as 4500-6100. Considering JULY-OCT is a time for reversal.
We can see mixed emotions in OB, But by looking at candle and trend patterns it is evident we are looking down and won't be forming a CUP & HANDLE Formation in coming weeks.
What about CME Gap?
Well we cant rule out an upward wick to 9300-9900. Even if we go up there, we can consider it as a right shoulder or double top depending on the candle closing. It is extremely hard to break a strong selling trend made with H&S Pattern.
So we are stuck now?
Kind of. 8250-9150 will be a confusing stage. Price can go up towards 10000 or reverse from 8900-9200. As with every right shoulder this is a uncertainty stage. If you were smart you should be in from 9500-10000. If not sure what to do, the alternative thing to do is add 0.5% of margin at 8900 or 9150 and if price goes up towards 9500-10000 add 0.3% to average things out. So that it wont be more risky.
Bullish Views:
If we go up and cover CME Gap and never come below 8000-8600, it will create CUP & HANDLE formation. Considering we never went below 33% of the 3500-10100 move. It can be a bullish sign and TD candle can do continuation in daily and weekly. But it is too early to IMAGINE things.
Another hidden pattern to watch out for is the trickery by market makers. Although it seems like we broke out below rising wedge, but if you connect candle to candle on top and body to body below, you will see a rising channel. What does that mean? There is possibility of a move to 10600. That's a 50-50 chance. Rising channel is invalidated if we close below 8250 in couple of days.
Extremely Bullish BTC Price Expectation after Massive CME GapBTC Has a very bullish price movement ahead of itself after observing a massive CME gap of 15%. The futures contracts from the Chicago Mercantile Exchange (CME) have something special to them; they don't open 24/7.
Gaps occur when the price of BTC moves during the time (the weekend) when CME is closed and other exchanges are open. For example, the Binance futures and Coinbase futures are opened 24/7.
These gaps tend to fill themselves, meaning the price moves into the opposite direction of the gap and continuing trading around the level where the CME futures market stopped.
In my previous gap analysis I showed that indeed 8 out of the 10 gaps were filled within 7 days:
This one of the largest gaps we have observed so far, showing a very bullish price expectation for BTC. Given the fact that the price dropped a lot recently, this might be a great moment to pick up some sats at a discount.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
BTC! CME FUTURES NEW GAP ALERT?! What do WE DO!!!!Hello traders.
The btc futures market is a great indicator, please don't disregard it within the next 5-7 hours. Be aware of what a futures contract is, what the futures market is, and use that to understand the direction of alts+BTC itself!
Live long and profit.
-zm
BTC - Largest CME Gap everCME:BTC1! opens to a ~12.3% gap, the largest gap to the moment on CME bitcoin futures. Last gap, second in size, caused by dump in March was filled only after a month. But this time until halving only a day, not even a month.
Will Bitcoin go up to fill in the CME gap this week? Historically, CME gaps for bitcoin price fill over 95% of the time: sooner or later.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
#Hourly: Bitcoin and The CME GapOn Friday evening the price of bitcoin futures was fixed at $10,000 on the CME. The new trading week will open with a gap (almost 13% for now). It's interesting to see how this gap will be closed because:
1. AO = down.
2. EFI = bullish trend was broken.
Technically, the uptrend formed on March 13 (local_trend) was tested and holded.
The magnet above = $9300.
The magnets below = $7700, $7100.
For more details, see the previous idea .
Halving is coming.
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Exchange for Physical gold trade blew up - crypto had an answerLast month as a result of the Covid-19 lockdowns, the physical gold market was in such significant lock down that the basis between physical gold and paper gold (E.g. CME gold futures) blew out to black swan levels, costing numerous trading houses billions. This was because through the EFP trade these trading departments are short CME and long physical. The fair basis was around $8 USD but popped out to over $60 on numerous spikes.
So the problem was the inability to access the physical gold market, but there were in fact two ways in which to get long physical gold at that time.
The two solutions were Paxos Gold (traded on Kraken) and Perth Mint Gold Token (traded on KuCoin).
Both these gold tokens that are directly convertible into the same form of gold that's traded in the institutional gold market - London Good Deliver Bars (LGDB).
The simple play was to buy PaxG or PMGT and sell the inflated gold futures contract and then wait for the spread to come in. Of course one could have redeemed the token for physical gold and delivered that gold into the CME contract, but the first option is far cleaner and has more edge in it after fees.
BTCUSD ; time to fill the CME GAPDrawing the fib from the bottom of the candle, that broke the resistance, to the highest point present. We can see the fib 78.6% lining up perfectly with the CME GAP, marked as the red zone (found on BTC1! 4H timeframe, price 7625-645, gap on so to say 25th of April).
As the area is now acting as support it would be ideal to go long from there. Also the 200 MA is creeping up slowly to that point.
NB! No trading advice, do your own analysis!