CME huge gap on Bitcoin USD 4 HFriends hello everyone
The Chicago Stock Exchange has formed one of the biggest price gaps.
Found an interesting fractal by which you can open a deal
Entrance 7900
7750
Goals
8470
9070
Stop 7500
Profit risk 1.4
This is just my opinion, and is not a call to action)
Looks good? Leave a like, share and leave a comment.
Thanks for visiting.
Cme!
$BTC CME view for the mid term 09/03Nous sommes de retour dans une zone des prix très attractive pour le bitcoin et beaucoup d'intérêt pourrait se trouver ici.
Dernier gap CME comblé sur ce pic de volume vendeur, maisntenant un énorme GAP se trouve au dessus de nous.
De retour dans ce range d'accumulation énorme qui avait été break en Bear trap vers fin 2019, si nous cassons par le bas ce range encore une fois, une relance rapide devra être faites pour que les structures très long terme ne soit pas trop endommagés ...
Dans ce contexte de crash mondial qui s'installe peu à peu, les cryptos vont elles servir ç ce pourquoi elles ont été crées ?! Je l'espère, let's see
CME Bear Flag|Open Gap|Volume Climax| Oversold Bounce Evening Traders,
Today’s TA will be based on an oversold bounce play being imminent due to the immense selling over the weekend that has left the CME Futures with a 10% Gap.
Points to consider,
- CME bear flag confirmed
- Local support at .618 Fibonacci
- Huge open Gap (Technical Gap at $7690 open)
- RSI and stochastics overextended
- Volume node climax evident
The CME Futures gaps aren’t to be taken lightly as historically it has proven to be significant with consecutive fills. The bear flag has been confirmed with a Gap open due to spot market trading over the weekend.
Local support is found at the .618 Fibonacci, a break below this support will increase the probability of filling an open technical gap situated at around $7690.00 – fulfilling the gap prophecy once again.
The RSI and stochastics are over extended; sellers have been in full control with no convincing bounce cooling off oscillators.
Volume climax is evident; this is the first sign of potential seller exhaustion after heavy selling.
Overall in my opinion, Gaps historically tend to fill sooner rather than later. Oscillators have been over extended due to immense selling – increasing the probability of an oversold bounce.
We have entered bear territory as of now.
What are your thoughts?
Please leave a like and comment,
And remember,
“Once you find the system that works for your style/personality and confidence is gained, wash, rinse, repeat over and over again.” – Sunrisetrader
BTC1! CME futures $9325 then $7670The CME futures shows a head and shoulders that is not clear in BTCUSD. CME Also shows a W formation which is bullish. While BTCUSD has a clear fallen wedge and broke out of it which is also bullish. Combining information from both gives a clearer picture of what will happen. Now obviously the trend is up. But on the CME, $9323 is a very strong resistance because it is were price will retest the neckline of the H&S, It is also bottom resistance of the 4H ichimoku cloud and the top resistance of the 2H ichimoku cloud. Price action did not reach the H&S target which is very close to the next gap at $7670, so price will have a very strong incentive to go down again.
How to make CME-gap traders happyThe dream of every CME-gap trader:
First we well visit CME Future gap #3 which is the youngest in our CME-gap family. After a mid-short bull-bear fight at the daily support/resistance area at 8930 bears will continue to gain strength as new market participants feel for the first time the rollercoaster ride of emotion the volatility of crypto assets causes. Weak hands ether hedge their remaining profits or accept the losses already made as they cut their bags and trades. At this time we reach CME Future gap #3 were smart money flushes the markets and starts buying their bags. After a short visit price will massively gain steam as the last and also eldest, let's call him Granpa CME Future gap #1 comes into play.
We will see how this dream will turn out. If you are a CME Future gap trader my prayers are with you, as this play also matches my personal bias.
Comments, especially opposing opinions are highly appreciated!
Cheers!
BTC: New week - New GapNew week - new CME Gap that needs to be filled. This time it is a gap of 2%.
Last two gaps were filled:
1st one on a first day
2nd - during a week
Let's see how it goes this time.
And do not forget that gap trading can be dangerous because you can get a move to other direction, always limit your losses.
Information is just for educational purposes, never financial advice. Always do your own research.
19.2.2020 - Bitcoin (BTC / USD)Hi Traders!
Today we look at a bit specific bitcoin analysis. It will be about bitcoin but on CME futures exchange. Have you heard of CME gaps?
Many people are starting to talk about CME gaps. How do these gaps actually come to existence? There are two options:
CME doesn't trade futures over the weekend and is off. However, crypto exchanges normally work at weekends, so the first way is that there is a strong movement at the weekend and we open Monday at a totally different value than we closed on Friday.
The second way is that bitcoin simply has such a strong up/down movement that it flies through the order book and creates a GAP.
GAP acts as a magnet on the graph. Many people know about this, but they don't know the logic behind it. In the first case (the weekend), there will be many unfulfilled orders at that point. After a strong movement, the graph later gets tired and still comes after these orders. Of course, this does not work 100%, but in the vast majority of cases, it does.
We currently have a GAP blank at a level of $ 8,500. It's extremely difficult to determine whether this gap is filled or not. There came a wick, but exactly to the edge. If the GAP is not completed in a given week, it will usually only be completed after a certain cycle has been completed. Will it be so?
May the crypto be with you!
Bitcoin $BTC AnalysisWeekly CME has been closed bullish. A Higher High is now Confirmed on CME Weekly scale. Also an Inverse Head and Shoulders is present which its target reach to $12k on CME chart and which is an unfilled gap in there.
It's weekend so expect some crappy candles. But the bigger picture is building quite bullishly.
The Open Interest is also quite high that suggesting a big and Explosive move is near.
But on the other hand if a 12h candle closes below 9600 ( or 4h below 9500 ) it would recommend that the test to the 5 digits BTC is delayed. AND if Bitcoin loses $9200 the bullish case will be closed and down-side targets are back in the game. ( Mid $8k and $7K )
Besides the Weekly RSI is out of the bearish zone and Neutral zone with positive EMA slope.
CME Futures Gap - Will it be closed soon?Bitcoin CME futures gaps are filled with 95% certainty, and the previous one was no exception - it was filled within 24 hours.
But trade them is risky, because gaps can be filled both within 24 hours and within a week
I personally long on bitmex from 9750 (1.2% stop loss), will see where it goes.
Information is just for educational purposes, never financial advice. Always do your own research.
BITCOIN GOING 4% DOWN THIS WEEK?This weekend bitcoin pumped and created another gap on the CME chart.
In 35 minutes CME should open the week and I do suppose it would be the right time for CME to fill that gap.
Just something to be aware of as its possible this will start the next bigger retracement.
My target is $9600, what's yours?
CMEs have just confirmed a Bitcoin trend reversal!Welcome!
I´ll keep this short and sweet, as always.
Apart from the professional traders or maybe those who have been in the crypto game for quite a while now, nobody knows that Bitcoin´s price action isn´t dictated by Bitstamp, Binance etc. but by CME Futures. As they are an institutional broker, they essentially represent smart money.
Looking at CMEs, the first thing that stands out to me is the volume. You can see that the volume is abnormally high compared to the recent months, higher even than the volume during the 2019 rally. What does that mean? It means that while the previous Bitcoin rally didn´t catch the interest of institutional buyers, the bottoming and consolidation at the 7k levels has.
Secondly (and the focus of this analysis), we have just closed the weekly as a higher high which means, very likely, that BTC has reversed the trend from a downtrend to an uptrend. EXTREMELY important piece of information!
Finally, the weekly closed outside the bollinger bands, which is normally just stupidly bullish. Why? Because it implies that what follows next is going to be a bollinger band expansion on a WEEKLY timescale.
I really dislike being too biased when it comes to the markets but the way things stand in the moment, it is actually very possible Bitcoin will reach prices north of 14 000$ in the next two months. Will post an additional analysis on it, so keep an eye on that!
Thank you for reading
Mansasuma