Cme!
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.
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.
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
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
Impact of CME Expiration Date on BTC*** This article is not for sale or buy.
The CME expiration date has a major impact on BTC's trend transition. Inverse head and shoulders pattern & CME expiration date, Triangle pattern & CME expiration date.
1. Current Coin Market Status
- Coin Cap : 179 Billion $
- Bitcoin Dominance : 52.0%
- Volume by National Currencies : USD(36.5%), JPY(44.2%), KRW (4.09%)
2. The Comparison of Coin Market Cap
- Coin Cap : about 179 billion $
- Stock Market Cap around the world : about 50 trillion $ / 0.27%
- Korean Stock Market Cap : about 1760 billion $ / 10%
- Samsung Electronics Cap : about 240 billoion $ > Coin Cap
3. Futures Expiration date
1) CME : On the last Friday of every month at 4 pm / UTC
2) CBOE : On Third Wednesday of each month at 10 pm / UTC
4. The Long-Term BTC Forecast
- A similarity with the 2015 bottom & Influence of halving
- The rising curve by pattern
5. 2021, The bubble of new industry for overcoming economic crisis?
6. Around CME Expiration Date, since BTC trends often change or price fluctuations increase, you should look more carefully. The charts listed below are some of my previous analyses of how the CME expiration date has affected BTC pricing. Please check. If you liked this idea, please, 'Thumbs up', 'Follow', 'Comment'~^^
1) CME Expiration Date on June 2018 )
2) CME Expiration Date on July 2018 )
3) CME Expiration Date on December 2018 )
4) CME Expiration Date on March 2019 )
2015 bottom VS 2019 bottom*** This article is not for sell or buy. If you liked this idea, please, 'Thumbs up', 'Follow', 'Comment'~^^
If you look at the title, main chart, and secondary chart, you can easily understand. Therefore, the explanation is omitted.
[ ] 13.11 ~ 17.12 (about 1470d) >> 0.85% >> [ ] 17.12 ~ 21.05 (about 1250d)
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(1-1) 13.11 ~ 14.12 (about 400d) >> 0.85% >> (2-1) 17.12 ~ 18.11 (about 340d)
(1-2) 14.12 ~ 15.10 (about 300d) >> 0.85% >> (2-2) 18.11 ~ 19.07 (about 255d)
(1-3) 15.10 ~ 17.03 (about 500d) >> 0.85% >> (2-3) 19.07 ~ 20.09 (about 425d)
(1-4) 17.03 ~ 17.12 (about 270d) >> 0.85% >> (2-4) 20.09 ~ 21.05 (about 230d)
0. the comparison of indicator : 50MA, 100MA, 200MA
1. Current Coin Market Status- Coin Market Cap : $ 184 Billion
- Bitcoin Dominance : 53.4%- Volume by National Currencies : USD( 45.4% ), JPY( 39.0% ), KRW ( 2.0% )
2. The Comparison of Coin Market Cap
- Coin Market Cap : about $ 184 billion- Stock Market Cap around the world : about $ 50 trillion / about 0.37%- Korean Stock Market Cap : about $ 1760 billion / about 10%- Samsung Electronics Cap : about $ 240 billoion >Coin Market Cap
3. Futures Expiration date- CME : On the last Friday of every month at 4 pm- CBOE. : On Third Wednesday of each month at 10 pm
4. The Long-Term BTC Forecast- A similarity with the 2015 bottom &Influence of halving
kr.tradingview.com The rising curve by pattern
GOLD: Week13 updateHi Guys,
this is what I see on the 4H chart.
Here below a very similar structure I made two weeks ago. Please click & play to watch how Gold moved since then.
To note the support formed in week9 following the dive. IMHO there are a lot of similarities between the support formed in week9 and the support is building in week13. Gold unfolding this move below the 442SMA though.
ST structure in week13 looks good for a pull back but Gold is still inside the violet descending channel (the handle or flag) and it is not bouncing.
That is what is puzzling me most. The fact that nor Gold nor Silver are pulling back which make me think that a failure and a breach of the support may extend the correction of the Bull Run started mid-Aug'18.
Thank you for your support and for sharing your ideas.
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Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
BTC running into a brick wall?BTC continues its crazy run but ran into serious resistance here at around $5,500
It was an area where we paused right before the dump to new lows. If we can break above this level than 5800-6000 is on the cards.
Hedging long positions here would be a smart idea in case we do pullback as the gaps below are plentiful right now to go and close
A close back below the breakout and closing of the gap right under would spell pullback lower into the 4ks
Thanks guys