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.
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Information is just for educational purposes, never financial advice. Always do your own research.
Cme!
#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!
BTC CME shows something interestingHi there.
Just find out BTC CME 1H chart shows something interesting.
I was trying to predict 2 possible ways and it turns out a small shape of heart :)
It stops just under the big gap.
1st root may based on bull flag.
2nd root may stop by small gap then jump to big gap.
Please comment and share.
Thank you for your time.
Alex Wang
BTC1!: Bitcoin is going to close 10% CME GAP?As you may recall after the terrible fall from 8000 we left behind 10% CME gap.
it seems we can close it in the coming days. Not long from this level ofc.
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Information is just for educational purposes, never financial advice. Always do your own research.
EASY GAP TRADE NO BRAINER- 30% PROFITHey there,
there is a gap, which you already noticed I guess! Though for beginners it might not be that obvious as it appears to you!
Gaps are happening, because when closing and opening markets, especially when there is a huge move in either direction, price action appears at certain levels below or above the price, which creates these gaps.
For me personally, gab´s are not any relevant or justifiable sources of price behavior or prediction. So I DO NOT trust them.
Interestingly, these gaps on CME (Chicago Mercantile Exchange) always close! Like literally ALWAYS- this leads me and many other traders, to the idea, that the next ones will be closed as well. For me, it turned out to work, but seriously, I cannot believe this plays always, but it actually did until today!
So, I already took the trade Bitmex at 6600 with leverage and I am looking forward to close it at 8500 area! Any gains in the circle are awesome!
RSI looking oversold!
Volume declining, which means a short term price manipulation to the upside (to fill the gap) actually is easier than in times, when volume and volatility are high!
I took my shot, I hope this inspires your technical analysis!
Your german-quality-trader!
Corn Futures - Area Chart Analysis - Monthly ViewHello everybody,
Here is my chart analysis for Corn Futures.
Monthly timeframe & long-term vision.
Since its historical top at 806'4 Corn is on a downtrend.
Its bearish potential is really interesting.
Nevertheless, 300'0 price level could be the next support.
Indeed, Corn has been drifted in a range area between 320'0 & 440'0 since July 2014.
If the actual price breaks this level, Corn could reach the 200'0 price level which has been hit several times.
Between August 1998 & October 2005 but before also, I just don't have more space to show you that in this publication.
However, Pay attention for a possible pullback on the 300'0 price level !
I hope you'll like it !
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Thanks & see you !
Btc/usd Everyone wait for a dump. but I see a masive pump soonEveryone is bearish today. But I see this before. The Chart says everything, you just have to look in bigger timeframe.
And it BYBIT:BTCUSD would be not surprising if we fill the big gap before covic 19. We will see it soon today or overnight
Mind The Gap: An In-Depth Analysis on CME GapsThis analyses shows what happened during the last 10 CME gaps. We can use this information to create a scenario on the future predicted price of BTCUSD given the current gap.
We can observe that 8 out of 10 CME gaps were filled within reasonable time. The gap from the 29th of January was filled 30 days later, but I considered this too long. I have been focusing on gaps that were filled within about 7 days. In this case we get a 80% success ratio (and a 90% success ratio when you make it into a 30 day window).
Applying this on the current gap, we are roughly 9% below the top of the gap. This means that we can trade this 9% potential and aim to have the gap recovered within the coming week. Based on historical data purely this should give us around an 80% success rate.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Bitcoin Long Term AnalysisThis is an Update for previous analysis.
After the test of $7200, BTC got rejected but in the way of dump, Open Interest stands still.
I am bearish as long as BTC is below $7400. but if a 12hour candle closes above it then the test of $7800~$8000 is more probable.
The weekly chart shows the potential of shooting star candle right below a resistance zone as long as the bearish cross of EMA(21) and EMA(55) .
The 2D chart confirmed Death Cross and Cross test on Spot and CME charts.
There is a potential Trap in this area because the Open Interest and Volume doesn't confirm any Major Break in this area. but the Volume is quite mature as it stands. So a major move is near and coming.
printer go brrrrrrI would think about taking a sidebet that we never see 5300/btc again.
Pictured are HTF horizontal S/R and the orange horizontals show unfilled CME gaps.
If this was $bnb, would you be buying this chart? lmao no.
Inverse chart means short dollar, with actual bullish cases to be made.
brrrrrrrr.
Keep your capital safe.
Will The Bitcoin CME Futures Gap Fill After The Drop?Bitcoin (BTCUSD) dropped below $6500 and is now trading around the $5900 support.
We still have the "Gap" from 8-March, will it fill after the drop?
Here you can find the most important support levels for Bitcoin on the daily timeframe:
Bitcoin Daily Important Retracement Support (+Extension Targets)
Bitcoin Ends In Adam & Eve Bottom Again, Repeat 2018/19 Pattern?
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