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).
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Information is just for educational purposes, never financial advice. Always do your own research.
Cme!
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.
BTC1! CME BTC Futures, false breakoutFuture price dropped below key resistance at 9350, only to form a bullish divergence and reverse back over the resistance. Support of price by the 9350 resistance will confirm continuation to most probably 10K level completing a W pattern and retesting the ascending channel.
Next Threshold Target > $1540 for RTY!First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, given support momentum for RTY! and the recent high, the next bullish target it seems to be heading towards is the $1540 price point. Overall, I'm bullish and its looks to have some strong support metrics.
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
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.
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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!!
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