Cme!
BTC continues to show weakness!
BTC has moved higher recently after breaking through support
This region has now become resistance and this can be shown so far by the rejection of price on that last push
We haven't really seen bulls come in with volume to defend these prices and with the gap still open below, the odds are high on a fill soon
We would need to regain this supply zone for longs to look appealing again but until then, the trade is still to short rallies
The unfilled gap remains near $3,150 and with month end tomorrow, we could see some volatility
Bulls would need to step in with force on that gap fill or else we could see massive stop runs below the lows and the 2k handle will be a reality
Shorting either the initial test of supply or the block EQ would be ideal spots for a move back down to fill the gap
BTC quickly closes weekend gap!
BTC has a rather larger than normal move over the weekend
We saw price take another leg lower hitting the $3,400 region
That did cause a gap down on futures BUT it was short lived as we popped right back into the void and have now filled it
We continue to remain below both EMAs and below both monthly opens at the moment and until we can regain either/or both, bulls need to proceed with caution here
This strong move up this morning is good to see but the next few hours and even daily close will give us a good idea of what the possible next move to come is
Something to keep in mind are the remaining gaps left to fill at $4,300 and $3,200
Bakkt ETF decision is approaching as well so we could see a pump into the news and very likely see a "sell the news" event afterward
Thanks guys!
CME Bitcoin Futures Effect On Bitcoin PriceEvery time the CME BItcoin Futures expiry date is preceded by a bounce, the price drops all the way back down to the start of that bounce.
The orange vertical lines, show that this happens every time.
The dotted blue vertical lines, are CME dates when there was no preceding bounce.
All vertical lines are the CME Bitcoin Futures expiry dates.
BTC FILLS FIRST GAP!
BTC has finally come down and closed its first unfilled gap, which was previously mentioned in our charts
We are very near to closing another one right below, which at this point seems very likely to be the next one filled
A close below the SFP around $3500 would most likely result in a retest of lows so that is something to consider to bulls
We have found support at the monthly open so far and staying above here is key for bulls
Keeping an eye on the gap right below near $3500 as an area of interest
Thanks guys!
CME Bitcoin Futures downswing Fibonacci retraceContinuing from my previous chart. Fibonacci downswing retrace is always 61.8%
All vertical lines are the CME Bitcoin Futures expiry dates
Each orange vertical line, shows a CME date that was preceded by a bounce
Following those dates (orange), there is a short retest of the recent high
The price then drops all the way back down to test the start of that bounce
After testing the lower trendline, the downswing Fibonacci retrace is always 61.8% (to meet the upper trendline)
This cycle repeats until the price breaks down to a lower plateau trendline
BTC unfilled CME gaps!
BTC has continued its uptrend over the past few weeks but has been leaving a trail of gaps behind it
The most recent one being from 3990~3875
We also have 2 others below 3685-3650 & 3165-3150 and another one higher above 4410-4375 , which coincides perfectly with the 48EMA
Whether we clear the higher one first before trending lower or return below to pick up the crumbs before breaking out higher waits to be seen
We have had some accumulation over the past few weeks as we can see from the 'ultimate volume' indicator but nothing to brag about
The CMVP seems to have topped out so a pullback could be expected as we look at this bearish Daily candle forming (still very early)
Thanks guys
Oil, buy entry for Monday (Trading Plan)Oil open buy at $52,03 on Monday
S/L: $51.64
T/P: $53.60
T/P: $54.40
- Price broke up Mirror level
- Daily candle close above it
- Risk /Reward — 1/5
Use proper risk management (risk per position less than 2%)
I set a pending buy limit order and you can do it like me.
$BTC LOG SCALE ON COINBASE FAT BEARIf you look at the daily Coinbase chart and switch it to a log scale chart. Then you will see that the uptrend is stronger than you thought but you will also see that we have been in a Bear market since price closed below the 200 EMA back in January of this year. I have been told that many long term institutional investors use Log Scale charts -vs- standard Linear Scale charts when they are making TA decisions. Either way I feel that it is in my best interest to try and swim in the direction of the current. With that being said institutional money has been short since last December when the $BTC Futures contracts launched. Who do you think ran the price way up to $20K just so they could short it at the tipsy top? Every week since they have been short, balance heavy in the futures market so until we see them swing their positions to the long side then I feel that we are looking at more downward pressure. Not only do we have problems with several adult man children fighting over their toys ($BCH Drama) but their is no one with a vested interest to defend $BTC at this level. What I mean by this is, when the CME and the CBOT decided to launch $BTC futures contracts then on that day they started buying physical $BTC and how many years did it take them to stand up their products? How many years ago was that? The institutions are into $BTC much lower than many would think so don't be surprised to see $BTC slide to $1,500 or lower. Just my 2 nickles. DCA + HODL = Success. Viva La Crypto!!!
Total Coin Market Cap : 2014 vs 2018 -(2)Caution) The main chart above is for BTC. The Coin Market Cap chart is in the comments below.
- If you like this, please "follow" and "Like"~^_^
1. Total Coin Market Cap
2. A Comparison of Total Coin Market Cap : 2014 vs 2018
3. BTC Cap(red) vs Alts Cap(blue)
4. A Chart for Futures(CME, CBOE), Pattern and etc
1) The Comparison of Coin Market Cap(Coin Cap : about 180 billion $)
- Stock Market Cap around the world : about 56 trillion $ / 0.36%
- Korean Stock Market Cap : about 2000 billion $ / 10%
- Samsung Electronics -3.07% Cap : about 250 billoion $ > Coin Cap
2) Current Coin
- Coin Cap : 180 Billion $
- Bitcoin. Dominance : 53%
- Volume by National Currencies : USD(55.2%), JPY(39.8%), KRW 1.56% (2.4%)
- coinmarketcap.com
- www.coinhills.com
3) Futures Expiration Date : CME, CBOE
- CME Expiration Date
- www.cmegroup.com
- www.cmegroup.com
- CBOE Expiration Date
- cfe.cboe.com
- www.cboe.com
We like to trade expiration. Bitcoin analytics 26.10Hello everyone, friends! Our favorite time is approaching, namely the expiration date of CME futures.
If you know us for a long time, you should remember our successful trading recommendations on expiration. We will try this time to go in the same way.
Let's think what expiration gives us? Usually, the price decreased before expiration, and a couple of hours before it, it would shoot up. It was such that we walked in flat position, after which a helicopter happened all the same with an exit upwards, but there was also such that nothing happened.
Volatility should rise in this expiration, as it simply did not exist before. Flat week was not good time.
In addition, today, not only expiration, but also a response from the SEC about the previously refused ETF. So now double manipulation can be. It is not probably that a helicopter will occur at 600-700 points, it can easily go up by 300 points. Now let's get down to the facts, why are we waiting for price growing?
1. The market entered the stage of accumulation, and now, perhaps, the final stage. If so, he needs to discharge all this accumulation in one of the parties. If you think logically, then there is nowhere to fall.
2. News about the abolition of the ETF ONLY ONCE caused a drop in prices. The rest of the time - there was growth. This is the moment to think when the market does not respond to negative.
3. Expiration led in most cases to higher prices. There were moments of decline, but in the end, after a maximum of a couple of days, the price went up well. The falls were not strong.
4. The number of longs increased smoothly in flat, and this is not characteristic of the crowd.
In addition, the indicators indicate a lack of desire to move the price on both sides, but at the same time, our volume is gradually increasing. This again confirms the accumulation.
We expect this movement today or tomorrow. Let's see how it will be. In the private channel already placed orders.
Thank you for your attention!
CBOE/CME Start and Expiration Date ContractsThis is a plot of all the start, Last, and expiration of the CBOE and CME Contracts. I may need to adjust some of the dates but i would like to get contract dates and etf decisions or delays on one spot for referance. How do futures contracts affect the market? Will any denial of ETF's drive the price down or do us crypto traders not even care at this point? I personally dont care and feel that most everyone expects denials across the board until we have further interest from institutions across the board. We have seen some interests of late including Morgan Stanley, Fidelity, BlackRock, and more. We also have seen some of the best University's from the us show interest recently such as Yale.
I have read some other institutions interest but would like to see a clear list of for and against crpyto at this point. Slowly but surely interest is rising from institutions while retail investors have been shaken out this year for the most part.
If anyone has any information or date corrections please let me know in the comments! Have a good week.