Cme!
How to get rich trading Bitcoin in December - my plan> Big MA cluster around $8150-$8550, no sustainable pumps into this area till end of December +.
> Funding & premium been consistently negative this week (bear break)
> CME gap $7800
Action:
1. Short HTF breakdown of "This week"
2. Short CME gap
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: different from regular charts.Bitcoin CME daily chart: different from regular charts. On this chart the 200 daily MA is in a different spot and could very well be support at the $8000 level, also very strong support from the VPVR there!
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.
$BTC CME Gap Got Filled - Market Remains UncertainPlenty of indecision in the market. Which isn't great but having that CME filled and the mini pump yesterday has given some movement to allow some moves. This reminds me of last year... Big move coming?
Looks like the CME futures gap is about to fill soon!Looks like the CME futures gap is about to fill soon, 8800-8900 could be a nice entry for a long position!
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!
$BTC CME Gap - Do We Close This Now Or Later?I wonder when we will target this area? This is the question and the question that should always be in the back of your mind for any future downward movement to find support.
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.
Outstanding BTC CME GapsGot a lot of shite for saying these gaps would most likely get filled. Almost there.
See previous ideas for historical gaps
"Corn is retesting the Resistance Zone" by ThinkingAntsOkDaily Chart Explanation:
- Price started its down move after bouncing on the Major Resistance Zone.
- Now, price is on the Middle Resistance Zone.
- If it bounces from here, it has potential to continue its down move towards the Support Zone and, then, towards the Major Support Zone.
- We are looking for sell setups on lower timeframes.
Weekly Vision:
Updates coming soon!
0042 - Short E-Mini S&P Future ContractsPrecio de Entrada: 2955.25 USD
Stop-Loss: 2997.25 USD
Objetivo Mínimo: 2819.25 USD
Objetivo Máximo: 2819.25 USD
Razonamiento:
- Entre el 01 y 02 de Octubre el precio rompe a la baja zona de soporte en donde confluyen el mínimo del mes de Julio 2019 y un nivel invertido semanal. De tal modo que el sentimiento de mercado que tomo es bajista.
- El precio de entrada se encuentra justo en el mínimo del mes de Julio de 2019 que ahora debería funcionar como resistencia. Se busca operar el test al nivel invertido.
- El stop se encuentra justo por encima del high de la vela del 01 de Octubre que fue la que rompió a la baja el soporte.
- El Objetivo Mínimo y Máximo se encuentran justo por encima de un nivel de soporte que demostró ser una fuerte resistencia en los meses de Octubre, Noviembre y Diciembre de 2018 a la vez que fue un fuerte soporte durante el mes de Agosto de 2019.
0041 - Long Gold Future ContractsPrecio de Entrada: 1495.70 USD
Stop-Loss: 1477.60 USD
Objetivo Mínimo: 1542.90 USD
Objetivo Máximo: 1552.50 USD
Razonamiento:
- Luego de romper el soporte en los 1490 USD, el precio se recupera y vuelve al rango en un corto plazo. De tal modo que asumo un sentimiento de mercado alcista y el rompimiento como falso.
- La entrada se encuentra justo por encima del soporte, esperando entrar en un test a dicho nivel, lo cual, dibujaria adicionalmente un higher low.
- El stop esta por debajo del ultimo swing low en 4H.
- El Objetivo Mínimo se encuentra al nivel del ultimo swing high.
- El Objetivo Máximo se encuentra en la parte alta del rango.
XBTC-BTC/USD WEEKLY CLOSEGood day guys,
well we had the weekly close under 8 k, not a good sign on my view, per weekly we are in a bear market. We have ton of 9 buy coming up or in game now and a possible descending triangle forming on the daily/4 h ( later a chart of the 4 coming up).
On a overview of the TD and CME open:
M 2 UNDER 1
31 D PRICE FLIP - green 1
W 7 ON 9 COUNT
3D 9 BUY
2D 9 BUY
18 H 9 BUY
12 H 9 BUY
8H 7 ON 9 COUNT
4H 8 ON 9 COUNT - NEXT CANDLE A 9 BUY
2H 6 ON 9 COUNT
1H 2 ON 9 COUNT, NOT YET A 2 ABOVE 1
15 MIN NEUTRAL
CME OPEN GAP FROM 8200 TO 7903, possibility for upside to the trend line and 8k resistance zone with a wick up to close the gap. This would be a relief bounce before new lows in my view.
Keep a close eye on ADX and the -DI on verge of a possibile cross with +Di
Safe trade folks
#btc # 4H #bitstampThe movement inside the channel is observed.
The lower bound has not yet been tested.
And I think, nevertheless, we go up first for liquidity, and then interrupt the lower border.
CME price closed 8130 + -, I think now they will pull the price there.
