The CME Is Destroying BitcoinBitcoin was on target to reach an all time high of $28,000 for Jan. 2018. Unfortunately, this event coincided with the beginning of the Bitcoin futures market. Bitcoin has never been up since. People think that since it went from $3500 in Jan of '19 to over 10k in June that it had an increase in value, it didn't, it is down -63% from its' all time high. Today price is at $7400, exactly 1/4 of it's actual price of $30,000. Today Bitcoin is selling in Iran for $28,000 (actual price). Another interesting fact about the futures market, you can't take delivery of Bitcoin upon expiration. The only purpose of the futures market is the slow bleeding and destruction of Bitcoin.
Cme!
Zoom outThis is just one of the possible scenarios, no1 is sure what will happen, so keep that in mind.
Recently we had a parabolic advancement, they usually retrace more than 80 proc in any markets. There is an unfilled gap at spike from 4 - 4.7k, having is coming in April, 86 proc BTC already mined. Whales need to accumulate as many BTC as possible from retailers, easiest way is to induce market capitulation. Keep in mind that derivatives market (futures, perpetual contracts..) is 18x bigger than spot market and has a huge impact.
Bitcoin Futures CMEOn December 15, two years ago, the largest American company CME Group launched Bitcoin futures.
CME is the only one who provides the opportunity to trade bitcoin futures in the United States and they are the first to enter the territory of derivatives instrument for the cryptocurrency market and now they have no competitors.
CME futures are one of the most manipulative instrument on the cryptocurrency market.
And the opening and closing of their futures suggests when the bottom will be.
December 15, 2017. two contracts were opened
3 months until March 29 - opening price 20631 - closing price 7070
6 months until June 29 - opening price 20631 - closing price 5800
Before bitcoin futures, large players did not have a high-quality tool for the global short market - and the Chicago exchange provided this opportunity
After 3 months, bitcoin fell by 67%
The market go up a little, but by the close of the 6-month contract, the market fell by 71%
On July 2, another 6-month contract was opened and closed on December 28
40%
detailed table of the start and end dates of all contracts.
CME does not save this data, for this you can like it under the chart
docs.google.com
And the most interesting
I think you remember the growth of November 25-26 at $ 3000 up
If you look a little in the table, then you can see the contract F20 from 10.28.19 to 01.31.20 - the conclusion from this until January 31 we will not see a price above 9200
On December 16, the first annual price contracts were opened in the $ 6,600 zone and I am sure this factor will push the price up
But already today, December 30 will be open semi-annual contracts M20 12/30/19 - 06/29/20
And today, a two-year contract opens and this fact will also push the price up.
Perhaps someone doubts that the price of bitcoin in 2 years will be lower than 7000? write a comment
Best regards EXCAVO
BTC correction in downtrend channelBTC propably doing only correction in downtrend, last pushes up provided price to daily resistance area on weak volume. if we cross 7600-7800 on good volume, we can talk about double bottom, but like we said, volume is tolow. on lower tfs we can see forming potential rising wedge with descendingvol = setup to change trend (not confirmed yet) , also we have fresh CME GAP to around 7230 wich is also indicator adding more propabilities for atleast small move down.
On daily we are still in dontrend channel under important MA's 100 and 200 , so sticking all together, seems like last moves up are only correction in downtrend, not reversal trend.
How CME conducts the marketAs we can see starting CME futures started as well the new BTC reality. Now the market suspiciously matches to begins and ends of CME futures markets. Therefore the main reason to make 2020 investment/trading decision is to understand where want to close smart money of CME in June 2020. As far as we're going to have halving in May 2020 CME will not able to ignore that fact. After halving the cost price of 1 BTC mined on the most efficient S17 is about 8000 USD. I hope we are on the verge of the new bull market of 2020. Nonetheless I don't think CME allows to raise price unless 30 Dec, because 27 Dec will expire Z19 futures which were definately bearish for smart money and 30 Dec starting M20 futures market. Probably we're going sideways to mid Jan 2020.
I hope this information is valuable for you. Thank you for your attention.
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
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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.
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.
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
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!
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?
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)
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.