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CMEs have just confirmed a Bitcoin trend reversal!Welcome! I´ll keep this short and sweet, as always. Apart from the professional traders or maybe those who have been in the crypto game for quite a while now, nobody knows that Bitcoin´s price action isn´t dictated by Bitstamp, Binance etc. but by CME Futures. As they are an institutional broker, they essentially represent smart money. Looking at CMEs, the first thing that stands out to me is the volume. You can see that the volume is abnormally high compared to the recent months, higher even than the volume during the 2019 rally. What does that mean? It means that while the previous Bitcoin rally didn´t catch the interest of institutional buyers, the bottoming and consolidation at the 7k levels has. Secondly (and the focus of this analysis), we have just closed the weekly as a higher high which means, very likely, that BTC has reversed the trend from a downtrend to an uptrend. EXTREMELY important piece of information! Finally, the weekly closed outside the bollinger bands, which is normally just stupidly bullish. Why? Because it implies that what follows next is going to be a bollinger band expansion on a WEEKLY timescale. I really dislike being too biased when it comes to the markets but the way things stand in the moment, it is actually very possible Bitcoin will reach prices north of 14 000$ in the next two months. Will post an additional analysis on it, so keep an eye on that! Thank you for reading Mansasuma
CME:BTC1!Long
by Mansasuma
3
BTC moving down to close CME gap Last week closed with very bullish candle. Same as month. All together that makes Bitcoin ultra bullish on macro scale. But each move up is usually followed by move down, so this week I expect BTC to head towards CME futures gap. Support zones located at these levels: 8900 - 9050 - 9160. Highest is little above CME futures gap, but CME price is different from Bitmex/Bybit and this difference is changing all the time, so there will be no surprise, if Bitcoin will dump lower. Just in case, as it always does. Certainly it won't stop where everyone expect it to stop, as whales need liquidity that comes with panic and fomo. Week chart:
BITMEX:BTCUSD.PShort
by WiseAnalyze
Bitcoin Cheat Sheet 2020!!First off, give this a like/follow - let's get this information out to as many people as possible! We can see the 2019's cheat sheets were very critical for the market. 2019 Cheat Sheet 1 - (3 Month Contracts) - 2019 Cheat Sheet 2 - (6 Month Contracts) - Now, 2020's cheat sheet, explained. Index for 2020's Cheat Sheet: First Purple line is CME futures launch date. 18th Dec 2017. From then on, the purple lines in December are the anniversary of it. Clearly it's created a top, and our bottom's so far. First Red line is NYE. From then on, each Red line in Dec/Jan cross over is a new year. Dark Green to Dark Green is Jan 2020 CME contracts duration found on ticker: BTCF20 (First Trade 28th Oct 2019 - Last trade 31st Jan 2020) Settlement date 03 February 2020. Yellow to Yellow is Feb 2020 CME contracts duration found on ticker: BTCG20 (First Trade 2nd Dec 2019 - Last trade 28th Feb 2020) Settlement date 02 March 2020. Orange to Orange is Mar 2020 CME contracts duration found on ticker: BTCH20 (First Trade 30th Sep 2019 - Last trade 27th Mar 2020) Settlement date 30 March 2020. Dark Blue to Dark Blue is Apr 2020 CME contracts duration found on ticker: BTCJ20 (First Trade 16th Dec 2019 - Last trade 24th Apr 2020) Settlement date 27th April 2020. Teal to Teal is May 2020 CME contracts duration found on ticker: BTCK20 (First Trade 16th Dec 2019 - Last trade 29th May 2020) Settlement date 01 June 2020. Green to Green is June 2020 CME contracts duration found on ticker: BTCM20 (First Trade 30th Dec 2019 - Last trade 26th Jun 2020) Settlement date 29th June 2020. Black to Black is July 2020 CME contracts duration found on ticker: BTCN20 (First Trade 3rd Feb 2019 - Last trade 31st Jul 2020) Settlement date 3rd August 2020. Pink to Pink is Dec 2020 CME contracts duration found on ticker: BTCZ20 (First Trade 16th Dec 2019 - Last trade 24th Dec 2020) Settlement date 3rd Jan 2022. Dark Grey shaded area in May is the Bitcoin estimated halving date range. Horizontal Lines are Major Fib's. Gold lines = Golden Ratio (38.2% or 61.8%). Black lines = Fib levels (0.0%, 0.225%, 0.5%, 0.775% and 1.0%). Purple lines = Custom Fib (0.1112% and 0.888%). Trend lines are from major levels of support/resistance from highs and lows of $BTC on $XBT's chart. The point of this chart is to map the effectiveness of these dates. History shows volatility dries up as we get close to them, and gets very volatile shortly after them. I hope this helps you make, or save a few dollars this year!
BITMEX:BTCUSD.P
by The_Paradoxed_Prophet
1
BTC- Accumulation modeThis week is nothing but reverse bart patterns and scam wicks! I guess this is the result of decreased liquidity caused by the slowly declining volume during the consolidation phase. Bitmex is trading below 2 billion volume as of now, yet open interest is on the slow ascending trend. This tells me the accumulation is taking place possibly by big fishes. In addition, volatility is slowly ticking up as well. Other signs to pay attention to- CME open interest and volume going up + Backwardation + USDT premium going up As we all now, low volume is a precursor to the high volatility move... As long as 8.4k is defended, I will continue my buy on the dip mode!
BITFINEX:BTCUSDLong
by Libratus
New CME gapChart made a new CME futures gap between 8765 and 8865. This gap will be closed either before the dump, or after the dump is over and price bounce above 8k. I'd prefer to see it untouched until BTC hit 8k, as this will be more bullish and promising. In case price first go up and then down, there will be less "reasons" to come back. Bitmex/Binance has a little different numbers, but close. Zone from 8150 to 8300 represents strongest support for bullish bounce. 8000 obviously can be wicked within that move as well. If bullish bounce scenario won't happen, price may retrace further to 7555 - 7700 zone. That still leaves the big picture positive, while switching BTC into consolidation period that will take longer time to resume and build new uptrend.
CME:BTC1!Short
by WiseAnalyze
1
How brokers provide zero commission trading? You've probably heard of many zero commission trading platforms being established. Robinhood is probably the most well known one, actually. Historically, brokers have made their money by facilitating trades in the market between buyers and sellers and collected a fee for their extremely hard work... Since markets have become larger, with greater trading volume and more participants, commissions per trade have fallen drastically, and the industry has had to change for your poor broker to earn a living. With the rise of the smartphone, this has led to brokers being able to target a new type of trader... This trader tends to be less informed than a professional... Trading off a phone... A lack of experience... And more of a gambling mentality rather than understanding what is truly driving markets. Firms have realised that. 'Commission free' is a marketing tool, and a very good one. See, what is happening now is that market makers and dealers - and by extension, exchanges - are willing to pay brokers for their uninformed clients' order flow. High frequency trading firms, such as Citadel, Apex, Renaissance, Virtu and DRW conduct market making on extremely low timeframes, providing liquidity to exchanges - that's their primary goal - and exchanges pay them rebates based on volume for doing so - note the chart of the CME Group above. Their share price has increased massively since high frequency trading (market making) has driven 'liquidity' to the exchange. Since their business is focused around volume, they welcome HFTs providing liquidity and therefore do not mind paying them volume based rebates - HFTs are kind of like introducing brokers. But what's a market maker? Market makers are delta neutral. They do not necessarily care about the direction of a market, they simply want to sell higher at the bid and buy at a lower offer, thus capturing the 'spread' (the difference between the bid and the offer). By paying brokers for the uninformed flow, this means that they believe they can capture asset misvaluations, and therefore turn a profit. And it's very lucrative business. Robinhood recently got fined for not routing orders adequately to allow for best execution for clients. The adverse selection that they committed is an example of how a client can be at detriment. However, it isn't necessarily bad to trade with a zero commission broker, since your explicit costs can be low (although implicit - the costs you don't see - could be higher and likely are). What matters massively is their execution policy and whether you are being filled at the bid or offer that the market will allow you, or if you're receiving the price that the broker wishes you to get as part of their routing relationships with market makers. The former is good, the latter is bad! I hope that's cleared up a bit for you...
NASDAQ:CMEEducation
by FinkPro
3
CME Gap Hasn't Closed YetA bounce in the area was to be expected, but hold your horses. It hasn't closed yet. The gap is shown on by the green shaded box. On Bitfinex and Binance it bounced around $7675, which uncoincidentally was the gap low on CME. BUT this level has not yet been reached on CME. In other words, many traders placed long orders around $7675, but it seems they didn't adequately compensate for the price differences between exchanges and the CME. A small gap still remains, and so does the incentive for CME to push the price back down.
CME:BTC1!Short
by mastaplan
2
Bitcoin low week on week of bitcoin futures anniversaryPrice has come down to test the 6-7k support level, potentially ready to bounce. Price has made an inverse head and shoulders pattern into this zone. The right shoulder bounced off the 62 fib retracement from the head. The head occurred the week of December 15, the anniversary of the creation of bitcoin futures contracts (Price found its high around 20k and low of 3k the week of dec 15 2017 and 2018 respectively). Volumes are low, indicating a potentially big move coming. The cftc commitment of traders reports showed institutions to add to their longs and remove some shorts over the holidays. Still net short about 2 to 1, but the shift in positioning could indicate short term bullishness. Looks like it could be a big year, the halvening is coming up in May and Facebook and Starbucks are planning on releasing their own digital currencies sometime in 2020. The fear of wwIII and run up in gold may act as catalysts to get price moving very soon as well. I expect price to come up to challenge resistance around the 10-11k levels. Potentially run further up to all time highs, or get rejected and fall to test the 3-4k support. But 10k is my next stop.
BITSTAMP:BTCUSDLong
by CashGod92
CME Futures Open Gap| BTC Correction ?Hello Traders, Today’s chart update will be on the CME Futures chart, which has an open gap that with a high degree of certainty will get filled. Points to consider, - Trend topping out - Structural resistance hit - Support zone being tested - Stochastics projected down - RSI approaching support - Increase in bear volume - EMA’s crossing bearish The trend seems to be topping out as BTC has evident volume climax bars at a very key technical level, the structural resistance. The support zone is currently being tested, must hold for a confirmation of the S/R flip. Stochastics is currently projected downwards, can stay in lower regions for an extended period of time, however lots of stored momentum to the upside. RSI is approaching its support, in neutral territory, this support will help determine direction of the trend. There is a clear influx of bear volume, signalling that seller are currently in control as price failed to break resistance. The EMA’s are on the verge of crossing bearish if current support level does not hold. Overall, in my opinion, BTC will fill the open gap sooner rather than later, this is very evident in historic price action. What are your thoughts? Please leave a like and comment, And remember, “Trading doesn't just reveal your character, it also builds it if you stay in the game long enough.” Yvan Byeajee
CME:BTC1!Short
by AzizKhanZamani