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 $300 dollar range. The MACD is curled and primed and the BBWP shows volatility is expanding while the RSI is kinda neutral but headed upwards. I think a nice move in the works, and it has probably already started. This is not financial or trading advice, this is just my opinion and what I am doing. Leave a comment below and follow me for more! Thank you and good luck!
Cme!
BTC Weekend CME Gap - Past 2 Filled on MondayCME Gaps occur when the Chicago Merchantile Exchange closes but the BTC price continues to move (Crypto Never Sleeps).
These gaps which you can see on the ticker BTC1! have a well over 90% Fill rate.
The past 2 Weekend gaps were filled on that Monday after each weekend.
It also coincides with the bottom of the current range...
Invalidation of this would be above 30.6k while BTC still needs to
regain the 31.7k level
BTC1! gap at 35kThe recent strong downtrend as produces a small gap on the CME at 35.3k. Price has reached range support and the technicals are pulling out of oversold. The possibility of a relief rally to close the gap is there.
39.6k is a point of confluent resistances and can be a final target. The price might falter at any time and head to close the big gap at 23.8k.
Bitcoin Daily Analysis UpdateAccording to the last Bitcoin analysis, the price does not follow any specific trend. BTC is in a frustrating trading range for 3 weeks and just doing Accumulation for the next movement. because of the weekend, there is no clear decision for buyers or sellers. I think we should wait until Monday to see powerful movement with high volume. Use stop loss in all your trades. The market is bearish clearly. Permanent support is 27000$ -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
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BIAS:
Mid-Term: Neutral
Short-Term: Bullish
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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%
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MAIN INTEREST LEVELS
⬇️SHORT⬇️
$36,119
⬆️LONG⬆️
$26,613
PREDICTED DAILY RANGE
$26,812- $33,318
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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
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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
Stock Idea: CME (weekly base on base)Not easy to find base patterns out there but CME is one of them.
On the weekly time frame we have a multi-year base with a head and shoulders formation, followed by a breakout over a 12 week base.
Zooming in on the daily frame there's a few ways to manage the trade if getting long.
- Short term you'd want that 21ema to hold
- Longer term position trade you'd want that 50dma to hold