Showcase: Trading the e-mini Dow Jones (YM) 22-06-201. Did a long trade (paper trading) on e-mini Dow Jones.
2. Reason for the long trade:
a) Price do a higher lower; a UT bar appears but the next bar overtake the UT.
b) Volume is supporting the upward move.
c) Strong support level at 29910 range.
3. Trade entered with SL @ 50pts and TP @ 75pts; as price move upwards with unrealised profit, the SL is revised upwards to minimise the losses and eventually lock-in the profit.
4. Price eventually do a pullback after breaking the recent Resistance (29966 range); our SL got hit and we exited with a realised profit of 24pts.
5. Price may move upwards from hereon; it is OK to exit with a small profit rather than be ambitious.
Cme!
All CME Gaps Filled! Last gap has been filled at 18400 there are no more gaps to be filled at lower levels , next gap is at 30k.
Is this the bottom? very high chance that it is the bottom waiting for lower prices at this point would be crazy Chainlink hasn't even made lower lows.
My worst case is 14k but now that we filled the last CME gap and we have this springboard on the daily hitting perfectly best to close all shorts.
We at the bottom of the Mayer band this happens only in extreme cycle bottoms.
A First for CME BTC to Test 200 Weekly EMA, Did not Exist BeforeBTC CME has just recently populated the weekly 200 moving averages, both the Exponential and the Simple. BTC is now testing the 200 Weekly 200 SMA for the first time. It took 234 bars to do so. The law of math equates that a 200 simple average will be tested or cross on average every 200 bars...
CME gap 9 may 2022Hello friends.
are you okay?
thanks god...
because crypto market open green in monday we can still see it bullish for mid time.
and we have some factors that show this opinion and strenghen our analyze
lets look at them :
1-we can see two important levels of fibo retracement around CME gap.
these levels are 38.2% and 61.8%.
so we have an overlap area here.
2-we have a gap in CME from 9 may 2022.
because of weak momentum market couldnt fill it until now.
but if we breakout this pattern that i illustrate in chart we can fill it!
3-we have an old trendline that can be act as an resistance level there.
4-moving average 55 is here just around levels that cme gap occured.
5-and in the end i see increase in volumes in lower levels of this pattern
and it could be showing that we have good supports in this levels.
.
.
.
dont forget to manage your capital and risk.
.
.
.
if you take a trade you must set a good stoploss.
(NOTE!!! this article is my own opinion and its not a trade advice.
please tarde on your own opinion and use others opinion to improve your
analyze.)
.
.
.
so i will do that.please support me and i wish use your experience
and you can help me to improve my abilities.
thank you all.have good days.
IBM USD NYSE: NEW ALL TIME HIGHS COMING, ASCENDING CHANNEL ??IBM has been in an ascending channel formation for a while now. We've had two touches and I believe there is one more then a correction to the bottom support line before the decision of whether this channel will break to the upside or whether we will break to the downside. Thats years away and we can revisit that then but for now it looks like IBM is about to make a nice move to the upside to new all time highs in the $300 dollar range. The MACD is curled and primed and the BBWP shows volatility is expanding while the RSI is kinda neutral but headed upwards. I think a nice move in the works, and it has probably already started. This is not financial or trading advice, this is just my opinion and what I am doing. Leave a comment below and follow me for more! Thank you and good luck!
BTC Weekend CME Gap - Past 2 Filled on MondayCME Gaps occur when the Chicago Merchantile Exchange closes but the BTC price continues to move (Crypto Never Sleeps).
These gaps which you can see on the ticker BTC1! have a well over 90% Fill rate.
The past 2 Weekend gaps were filled on that Monday after each weekend.
It also coincides with the bottom of the current range...
Invalidation of this would be above 30.6k while BTC still needs to
regain the 31.7k level
BTC1! gap at 35kThe recent strong downtrend as produces a small gap on the CME at 35.3k. Price has reached range support and the technicals are pulling out of oversold. The possibility of a relief rally to close the gap is there.
39.6k is a point of confluent resistances and can be a final target. The price might falter at any time and head to close the big gap at 23.8k.
Bitcoin Daily Analysis UpdateAccording to the last Bitcoin analysis, the price does not follow any specific trend. BTC is in a frustrating trading range for 3 weeks and just doing Accumulation for the next movement. because of the weekend, there is no clear decision for buyers or sellers. I think we should wait until Monday to see powerful movement with high volume. Use stop loss in all your trades. The market is bearish clearly. Permanent support is 27000$ -29500$ and minor resistance is about 30500$ -31500 $ Area.
This analysis will be updated.
BTC Daily Analysis(Update). Bull or Bear?$BTC VIP Analysis
May 22, 2022
--------------------
BIAS:
Mid-Term: Neutral
Short-Term: Bullish
--------------------
Once again at the top of our short term range, BTC is looking like it could see stronger upside movement in the next couple of days if the bulls manage to hold on to their current momentum and strength.
Also the most volume is at the weekly OB+ With a clean break and close above $31,600 (which is currently our most important mid term resistance level, we’ll confirm a move towards at least $36,000 from where we would either see a rejection or an even stronger breakout.
Up Probability: 58% - Down: 42%
--------------------
MAIN INTEREST LEVELS
⬇️SHORT⬇️
$36,119
⬆️LONG⬆️
$26,613
PREDICTED DAILY RANGE
$26,812- $33,318
--------------------
Reaching last 2017 peak VS 2020 Halving0. The above chart was made in view of the possibility that the four-year cycles of BTC is likely to change to three-year when BTC reaches the 2017 peak before 2020 Halving. If you look at the main chart, you can easily understand. Therefore, the explanation is omitted. This article is not for sell or buy. If you liked this idea, please, 'Thumbs up', 'Follow', 'Comment'~^^
< 2014 ~ 2017 > F1( 11488% ), A1( 87% ), B1( 43% ), C1( 54% ), D1( 66% ), E1( 1606% )
< 2018 ~ 2020 > F2( 2430% / 10359% ), A2( 71% ), B2( 38% ), C2( 57% ), D2( 69% ), E2( 305% / 1580% )
1. the comparison of indicator : 50MA, 100MA, 200MA
2. Current Coin Market Status
- Coin Market Cap : $ 325 Billion
- Bitcoin Dominance : 62.2%
- Volume by National Currencies : USD( 74.8% ), JPY( 14.7.0% ), KRW( 5.8% )
3. The Comparison of Coin Market Cap
- Coin Market Cap : $ 325 billion
- Stock Market Cap around the world : $ 50 trillion / 0.68%
- Korean Stock Market Cap : $ 1760 billion / about 18.5%
- Samsung Electronics Cap : $ 230 billoion < Coin Market Cap
4. Futures Expiration date
- CME : On the last Friday of every month at 4 pm
- CB0E : X
5. Korean Premium
- BTC(3.5%), ETH(3.5%), XRP(3.5%), *** GTO(28.0%), STORM(7.5%), GNT(5.5%)
6. Other Long-Term BTC Forecasts
- A similarity with the 2015 bottom &Influence of halving
- The rising curve by pattern
- A similarity with the 2015 double bottom
Bitcoin CME Futures Market view | 30k$ -> 36k$ -> 25k$ | BTCUsing CME Futures Bitcoin chart, we can see how gaps worked perfectly in the past.
CME Gap for those who don't know, is the difference between the trading price of Bitcoin futures contracts when the market opens on Sunday and when it closes on Friday.
Bitcoin tends to move to these gaps like a magnet most of the time.
Also I applied trend following indicator on the chart which helps us better predict what movements we can expect in the market in the near future.
There are still 2 days till futures market closes but I don't personally think Bitcoin will rally up above 35.000$ and not create a gap.
Plan is simple. Bounce to ~36k$ -> 25k$.
Stay safe
All Eyes Should Be on DXYall eyes should be on $DXY 👀
possible $BTC cycle bottom getting closer as #DXY approaches fib & top of trend?
...or a DXY breakout & #BTC to test 28-32k or even 24k to fill the BTC #CME gap?
Watching DXY reaction at 100.5 & 102-103 if it pushes higher
______________________________________________________________________________________________________________________
This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
Bitcoin Dealers/Intermediaries Massive shorts (CME) Explained Everyone wondering about the Dealers and Intermediaries adding massive shorts on the 29th of March.
We can explain this from the very overbought Price Action as well as it being the end of Q1.
This push accomplished the Q2 Open under the Q1
Filling CME Gap at 45K- Bearish for BITCOIN for whileThe Bitcoin CME gap, also called the “CME gap” for short, is the difference between the trading price of Bitcoin futures contracts when the market opens on Sunday, and when it closes on Friday. Unlike cryptocurrencies, traditional assets do not trade 24/7 around the clock. Most traditional exchanges follow normal working hours and close on holidays, and the CME is no exception to this!
While you can trade on Binance for example at any given time, the CME Bitcoin futures trading opens from Sunday evening until Friday evening (Central Time). From Friday to Sunday, the Bitcoin CME futures price is “fixed”, while Bitcoin’s price continues to move up (or down) on cryptocurrency spot exchanges. When the CME futures re-open, futures contracts catch up with spot prices, creating a gap!
Bitcoin CME gaps have often been known to “fill” .
Previously and normally all CME gaps has been filled, check CME gaps before in the graph. Now in March 28, we have a gap in 45K $ area and we saw a valid bearish divergence in 1hr TF. This shows that both signals is already confluence and might happen anytime soon to "FILL THE CME GAP". Using the FIB, retracement can be at 0.5 or 0.618 before the bullish trend in higher TF continues.
Please use this as a guide only and make your own Technical Analysis.
Downward impulse confirmed on CME. CMEGoals 229, 222. Invalidation at 255.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe