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CME Futures New Gap| Clear Resistance Line Hello Traders! Welcome back to another update, today we will have a look at the BTC CME Futures chart, where a new gap has come to fruition. Will this gap get filled sooner rather than later? Points to consider, - Trend Bearish - Price testing .618 Fibonacci - Strong down trend resistance - RSI in oversold conditions - Stochastics in lower regions - Volume below average The trend has been putting in consecutive lower highs, establishing a very strong downwards sloping resistance line. Support currently is held on the .618 Fibonacci level, a strong area theat needs to hold true. The RSI is currently oversold; an oversold bounce looks imminent as the stochastics is in lower regions. Stochastics can stay here for an extended period of time, however lots of stored momentum to the upside. Volume is well below average, this signals that a move is imminent as price travels closer and closer to its apex. Overall, in my opinion, BTC is probable to respect the .618 Fibonacci level due to oversold indicators. A filling of the GAP may come to fruition sooner than later, very similar to the previous most recent CME futures gap (chart linked). What are your thoughts? Please leave a like and comment, And remember, “The market can stay irrational longer than you can stay solvent.” – John Maynard Keynes **Please follow me on twitter for daily updates on fundamental news in the MJ and Crypto Speace ! :) Twitter handle in profile link
CME:BTC1!Long
by AzizKhanZamani
NQ1! Setup for the Short Fall ??Nasdaq100 NQ1! We are concluding the price cycle upwards today after the US Non-farm numbers have been released. Expected at this point is for a down cycle to begin towards the 8100-8000 price area. If the price cycles work as in years past and this area (RED ZONE) holds, we can see a decline downward with potential consolidation (GREY ZONE), and further declines to the GREEN LINE. If new HI's are made, then larger price cycles are still in play. Use with caution among other parameters you trade within. This weeks UP and DOWN movement have many purely guessing direction...aren't we all?!. However, these movement predictions/bias' are based on cycles and more often than not, do work....but never guaranteed and so I'm always willing to change the bias when its no longer conforming to initial setups. And finally with impeachment proceedings underway, end of year window dressing, and fed meeting, can make for a volatile few weeks so these movement are very possible.
CME_MINI:NQ1!Short
by ProSTrades
1
BTCUSD: Titanic effort...long term guessLet's see how my understanding of price patterns and fundamental and postioning/sentiment related variables stack up against the facts: I think $Bitcoin will trend up strongly from here onwards, but the path is not yet fully clear. If prices move similarly to how I think they will between now and April, a new all time high will materialize, after confirming a long term trend signal, which would propel prices towards the vicinity of 290k by Sept-Oct 2021... The time duration of the rally would extend significantly, if this were to come to pass, since a new Time@Mode signal would be active, implying a strong continuation of the trend that started when price jumped up from 442 in 2016. For this to be an ideal price pattern, a move like this would need to occur (or, worse, a drop to 6449 or a bit lower, before rallying again, but I think this bearish scenario is negated now). Options and futures expirations are causing significant moves, and prices tend to be shaken up by the action of derivative traders more and more, so I included this variable into my long term analysis of $Bitcoin here. We're currently long from a very good average cost basis, and aiming to ride this move up for as long as it lasts. Let's see if we validate my scenario over time. Guesses like this are only good to test a hypothesis, the actual trading comes from day to day analysis of real time data and sentiment, as well as news, options and futures positioning and activity, and validation of expected post pattern behavior for each technical forecast as we move forward. The end result is that ideally we are positioned to exploit bouts of volatility, to the upside or downside as they come, and end up surpassing simply buying and holding the instrument at hand. Cheers, Ivan Labrie.
BITSTAMP:BTCUSDLong
by IvanLabrie
12
GBPUSD Price levels from CME till December 13Hey friends, On the chart you will see the boundaries where price will move untill December 13 What we can expect: 1- Price will stay in boundaries 2- If price will break any CME OI level, with 80% by the end of the expiration day it will pullback to them! Also stay in touch to get Daily and Weekly Levels, Soon i will add levels for 3 month and one month Levels from CME using data from daily bulletin! This levels is really strong and hold the price
by UnknownUnicorn6079251
Did you sell into FEAR?? BTC re-test 200EMA today!!Bitcoin had TONS of fear and doubt yesterday, I heard a lot of investors sell their stacks due to fear of going MUCH lower... If you get emotional, you will get SMOKED trading Bitcoin. Have confidence, this market is here to stay with exponential infrastructure being built daily and many, many people putting their lives into Bitcoin's future. Don't fear, play smart, cover risks, and trade intelligently. Never trade more than 5% of your stack!
BITSTAMP:BTCUSDLong
by MSMiner
3
CME 4hr chart BitcoinTaking a look at the 4hr CME chart and noticing that the only gap that has not been filled according to this chart is the one at 11700 - 11800. I am still a noob when it comes to this stuff but I am starting to look at different time frames to see if they differ. For now I have looked at the 1 day and 4hr charts. I will look at a few more time frames to see if the gaps are different but from what I see the only gap on the charts is the one I highlighted. This is pretty encouraging to me as It would mean every CME gap has been filled in the history if futures trading. Which would lead me to believe we will fill this gap in question eventually. But WTFDIK?
CME:BTC1!
by UnknownUnicorn4304403
Bitcoin CME daily chart 11/18/2019Good morning again. I am learning how CME gaps work and reading up on it this morning. This is one area of trading I have little to no experience in so I decided to take a look at how they work and what they actually mean. After reading up on it and looking at a CME chart for the first time I am noticing a gap around 11800. Not saying it will be filled but I want to keep an eye on it. We are pretty far below that right now so I am simply keeping an eye on this to see what happens. What are your thoughts on CME gaps? (WTFDIK)
CME:BTC1!
by UnknownUnicorn4304403
9
Bitcoin walking on CME levelsBitcoin that has been recently traded in the side channel of $9,000 - $9,600, has broken through the support level in the area of $9,000 and rushed down, having reached the previously calculated 25% margin level for futures with CME exchanges. After that, we saw a rebound and a retest of the previously broken support level, which is acting as a resistance level of $9,050 now. At the moment, we see buyers having failed to return to the previously traded corridor and the price having rushed down again. Below we have 2 fresh margin levels for CME futures, where there are some liquidation zones, which we are more likely to follow this week. The first immediate goal is in the area of $8,500 (50% margin level), which coincides with the attracting Fibonacci level of 0.618, but if panic starts on the market, then there is every chance of falling into the flesh to 100% margin level in the area of $8,200. If we fall below, we will also observe the emerging bull divergence, which will tell us about a good entry point for purchases.
BITSTAMP:BTCUSD
by Neironix
1
BTCUSD Symmetrical Triangle| Low Volume| Breakout Imminent!Hello Traders!, Quick Update on BTC, Trade Setup! We have a symmetrical triangle forming clearly on the shorter time frame, price is coming to its apex, a break is imminent. Points to consider, - Trend coming into apex - Support and resistance converging - RSI is neutral, on support - VPVR increasing cluster of transactions - Volume has dried up - Futures gap below at .50 Fibonacci BTC has been consolidating over the past couple days and has formed a symmetrical triangle which is very close to its apex point. The symmetrical triangles support and resistance lines are converging in confluence with extremely low volume, this is a very key indicator for breakout trades. Overall a break in either direction, backed with volume is probable. An important area to keep an eye on is the .50 Fibonacci level, if price breaks bearish and tests this level, then the CME Futures Gap will be filled (Check previous chart update for further explanation ). It is also probable for BTC to have another impulse pump before a major correction towards the lower Fibonacci levels… What are your thoughts on the consolidation phase? Please leave a like and comment!
BITFINEX:BTCUSD
by AzizKhanZamani
6
BTCUSD: 2D timeframe implies the weekly downtrend is not overThis is a follow-up idea to my weekly forecast. We're curently short with expectations of price bottoming near 6404 over time. The longer term chart signal is invalidated if prices break the 6400 support zone strongly, so once we do hit it, an immediate rebound would be good for bulls. Stop loss is 5269 for the long term long entry, once we cover shorts. If that stop is hit eventually, then Bitcoin is dead for sure... Bakkt volume is gradually starting to pick up, my guess is it will explode once we hit the bottom. This coupled with udpates from the Mt Gox situation and other events that might happen by the end of October make me think we will see a big move. I would like to see Bakkt volume surpass CME, for a clear indication of bulls outpacing bears (since CME is cash settled futures market, it favors short selling...in fact, the ex CTFC chair Giancarlo was quoted today, saying how the Trump administration weaponized the BTC futures market to kill the bubble back in 2017, which in fact is quite feasible). I like it when markets offer such a low risk entry, after an over extended decline, with sentiment eventually becoming one sided. Bulls seem confident in loss here, from what I gather, so sentiment confirms further downside. I'm short and hedged, looking to add to short on a small reaction, and ride it down towards the target on chart. Cheers, Ivan Labrie.
BITSTAMP:BTCUSDShort
by IvanLabrie