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Cme!

Will Bitcoin hit its target CME gap at 11.9k or 8.6k this week?Hello again my friends, from my previous post utilizing minimalist graphing approach, I declared that if BTC does not close its MA 50, and MA 100 gap we can be heading down into another bear market recline to test the 8,600 level. This seems to be occurring now as the head and shoulder patterns in the 4H Time frame are beginning to close. Now nothing is guaranteed as BTC is still above it's $10k value which shows that we still have a lot of people investing in this range. Since my original investment 2 weeks ago was at $11.3k I am still holding for the market to hopefully correct its self and reach the $11.9k CME gap prior to dwindling down to $8.6k level. As for my recommendation at this level for buyers who came in at the $10.5k stop losses have to be placed near $9.6k and lower as earlier stop losses will just end up getting you kicked out of the market as the price travels from stop loss to stop loss. Now with the history showing us that this can very well be a start of the bear market and alt season, I pass the question to you guys to hear your suggestions and ideas. What do you think will happen, does BTC still have a strong week ahead to recover pass its $11.2K bear support and go up to $11.9k to close its gap or do you guys think the price will fulfill its head and shoulder pattern back to $9.6k and then from there breach that level to go down to $8.6k? Also please keep in mind that when trading you have to utilize your own thoughts and ideas prior to making market decisions, and is not recommended to fully trade of someone else's logic. Thanks and I hope to hear your incite. Victor
GEMINI:BTCUSDLong
by VickzinBK
1
Bitcoin // CME open window // Possible double bottomHello, Looking at the daily chart for BTC, the price has broken below 10k. In my previous analysis, I had $10220 - $10000 as a short term buy day trading range, which was a nice couple of days of trading up to 11k. Now that we have broken below it, we can begin looking at the ranges for a nice Long position. On July 2nd, 2019 Bitcoin printed a bullish hammer near $9700. I doubt we will bounce off this price if we continue dipping, but I am keeping it in mind in any case. The next important price I am looking at is $9000. On June 18th, 2019 Bitcoin bounced from $9000 to $13800-ish. It is here that we also see a similar bounce on July 17th, 2019. Many are speculating that we must close an open window (close the gap) in the CME Futures chart. That window is between $8985 & $8515. However, the prices on CME trade at a higher/lower premium more often than not. So finding a good spot price on the exchange you use is important. Which brings me to the point of this idea. For the next couple of days, the bottom of the bull flag we are currently in is nearly exact to the bounce on June 18th & July 17th. If we are to dip near this range, we will be printing a bullish double bottom, in a bullish flag, near the upward trendline, near the open CME window. It is my belief, through TA, that a good spot price is at $8985 - $9100. Even IF we dip to $8515 as a spot, it is still a fairly good & safe entry point because nonetheless, we are going to the moon. Please comment and like, thank you. May the force be with you. - B
COINBASE:BTCUSDLong
by B_version256
3
bullish pennant on CME BTC futures, impending breakoutCME's front month Bitcoin Futures are poised for a bullish breakout and steep positive movement. After a downtrend, the futures have consolidated and started to form a pennant shape, which indicates that there will be a breakout and then a substantial up-move. The pennant has been formed with a series of retested resistance on top of the candles and sequential tests of the lower support. Pennants are particularly poignant technical analyses for the BTC, as they are more suited to shorter time intervals, like this examination. The impending breakout will occur near the apex of the triangle, but usually in pennant patterns the apex is not reached because the breakout occurs often right before the apex would be reached. After the breakout from the "flat topped cone" the bullish movement is expected to be potent.
CME:BTC1!Long
by LaurenTrading
4
2 gaps on cme chart prompt valid concern for a correction I think we sill have another leg or 2 to break up but these gaps on the CME are alarming....mainly because traditional stock charts tend to always fill these gaps eventually and looking left on this chart we can see that any gaps in the past on this futures chart have indeed ben filled shortly thereafter. While I don't believe filling the gaps is an absolute, it has a high enough probability that I wouldn't be surprised if after one more leg up on bitcoin, we may see the long overdue 31-41% correction that has ye o come his bull run, a drop from the 12k range of 31% would dip us down to right around that area. Of course there's always a chance the gap isn't filled although far lower probability on that one. Something to keep an eye on regardless.
CME:BTC1!
by DrDovetail
2
Bitcoin GapsThere is Two unfilled gaps on the Bitcoin CME Futures chart. Gaps are areas on a chart where the price of a stock (or another financial instrument) moves sharply up or down, with little or no trading in between. As a result, the asset's chart shows a gap in the normal price pattern. The enterprising trader can interpret and exploit these gaps for profit. Gap Basics Gaps occur because of underlying fundamental or technical factors. For example, if a company's earnings are much higher than expected, the company's stock may gap up the next day. This means the stock price opened higher than it closed the day before, thereby leaving a gap. In the forex market, it is not uncommon for a report to generate so much buzz that it widens the bid and ask spread to a point where a significant gap can be seen. Similarly, a stock breaking a new high in the current session may open higher in the next session, thus gapping up for technical reasons. How to Play the Gaps There are many ways to take advantage of these gaps, with a few strategies more popular than others. Some traders will buy when fundamental or technical factors favor a gap on the next trading day. For example, they'll buy a stock after hours when a positive earnings report is released, hoping for a gap up on the following trading day. Traders might also buy or sell into highly liquid or illiquid positions at the beginning of a price movement, hoping for a good fill and a continued trend. For example, they may buy a currency when it is gapping up very quickly on low liquidity and there is no significant resistance overhead. Some traders will fade gaps in the opposite direction once a high or low point has been determined (often through other forms of technical analysis). For example, if a stock gaps up on some speculative report, experienced traders may fade the gap by shorting the stock. Lastly, traders might buy when the price level reaches the prior support after the gap has been filled. An example of this strategy is outlined below. Here are the key things you will want to remember when trading gaps: ∙ Once a stock has started to fill the gap, it will rarely stop, because there is often no immediate support or resistance. ∙ Exhaustion gaps and continuation gaps predict the price moving in two different directions – be sure you correctly classify the gap you are going to play. ∙ Retail investors are the ones who usually exhibit irrational exuberance; however, institutional investors may play along to help their portfolios, so be careful when using this indicator and wait for the price to start to break before taking a position. ∙ Be sure to watch the volume. High volume should be present in breakaway gaps, while low volume should occur in exhaustion gaps. Source: investopedia.com
CME:BTC1!
by ArShevelev
10
Solve.Care : The Repeated Pattern0. Let me tell you in advance. There is no direction. The following is a strategy for chart patterns. Please note that patterns can break at any time. 1. Box 1, Box 2, Box 3, and Box 4 maintain similar patterns such as Eliot pulses (12345-ABC) and Triangular convergence in the process of creating C waves. The difference may be masked by whether it is upward deviation or downward deviation at the end of each triangular convergence. Box 4 If the chart is triangular converged at the current position, which is the last small box, it is likely to show a large fluctuation at the end just like boxes 1, 2, and 3. For we expect to see a rise in the long term, We can take strategy with reducing risk, buy chase or taking a risk, buy low price. 2. Fibonacci extension level 1.618 is keeping well. Marketing strategy according to Fibonacci extension level 1.618 - Target #1 : 0.00004408 satoshi - Target #2 : 0.00004780 satoshi - Target #2 : 0.00005424 satoshi - Stop Loss : 0.00003739 satoshi
by pkb6698
14