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Cmefutures

BTC safely above double top neckline..may go fill gap at 11.2k. We can see price action has broken back above the yellow horizontal double top neckline keeping us safe from a dreaded double top breakdown for now. We are also once again back above the top trendline of the falling wedge which previously had a fakeout breakout but this time around could very likely reach its breakout target(which from this spot on the wedge is around 11.1k) I think if this does occur, FOMO will give us the ability to then take price action up another pip or 2 to fill the CME gap at 11.2 either that or cme could trade at a slight premium around there and fill the gap without btc reaching 11.2 itself. Either way if we breakout here I think the 11.2 cme gap is likely to get filled and then the impending 4hr death cross will have very good odds of sending price action back down to those 8.5 / 7.2k gap levels. I think absolute worse case scenario here is 6k before the ned of the correction but I could see us skyrocketing back up after only reaching 8.6-8.5k. Also price action doesn't have to hit 8.5k to fill the gap if suddenly the CME contract were to start trading at a discount. For now I'm going temporarily long until the 4hr death cross...then neutral until I see whether the deahcross will be sustained, or just a fakeout.
COINBASE:BTCUSDLong
by DrDovetail
2
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 to $6K (BTC FUTURES)Hi, bitcoin market has been pretty boring this few days. As my previous post, I have already mentioned that BTC will start retracing this week and will likely to continue for the next 2 weeks until the $6k mark is reached. In this chart, looking at the BTC/USD chart, we could see that there's big gap has not been closed since the gap up on 10 May 2019. A gap must be filled in other the bulls can continue higher. Therefore, my target remains unchanged at $6k and we shall be patient for it.
CME:BTC1!Short
by UnknownUnicorn1629946
1
BTC1! CME Futures - ascending triangle?It's not textbook but it looks like an ascending triangle could be in play here. Breakout with a close above 8,400. Looks like it might happen soon, DI is in positive territory and the buy pressure is overpowering sell pressure. ----------------------------------------------------------------------------------------------- The buy and sell pressure indicator is a private invite-only script available for purchase or monthly subscription from cryptoalphaindicators.com 5 day FREE evaluation trial cryptoalphaindicators.com
CME:BTC1!
by CryptoAlpha0
BTCUSD 4H chart (CME 4H chart also) 4/29/2019Good morning, traders. We have had a rather uneventful weekend which has been upsetting to many as the market has not provided direction. Tether Bitcoin pairs continue to print a premium over USD Bitcoin pairs. CME futures printed a gap at $5500 which will need to be filled, however this could come after price moves down first. Bitstamp has a 1H gap around $5400 as well. Price is not looking particularly strong at this time, however as price drops to $5100 the order books flash strong bids so we may be seeing retail selling into professional hands at that level. Currently, the daily candle has gapped down at $5161 so I expect that if we do drop it won't be long-lived. The recent weekly close printed a candle spread almost identical to the previous week's, just ending where that previous week began, and the weekly remains bullish at 55.5 at this time, though Stoch RSI is still overbought but finally falling. We can see price has crossed above the EQ of the descending channel which is usually considered bullish. If price pushes through the channel's resistance then we should be expecting a target of $5800-$5900, depending on when it happens, based on the height of the channel. Price has remained on the topside of the TR as it continues to print higher lows overall. So the move up mentioned ultimately would result in a target between $5900 and $6000, based on the height of the TR. Of course this is all in addition to the older targets from larger patterns that we have previously discussed. In the near term, a close above $5206 should get the ball rolling on greater appreciation and would have price targeting the top of the ascending channel that it may current be printing, as well as have price exiting the descending channel and TR. Everything else aside, the blue TR is the dominant pattern that traders should be watching. Secondary is the descending channel that price has been printing since the recent high. And third is the ascending channel within that descending channel. We have the monthly close tomorrow, so price may continue more sideways than anything else through that time. I have continued to mention that we are either at, or near, the top of this third wave and trying to trade this is often futile for most traders because they tend to hold for a big move and then get liquidated or scared off due to the noise before it happens. For most traders, this is not the time to be in a trade. It's best to wait for confirmation of this upward movement to be completed and then go long at the completion of the corrective wave 4. My final thought is in regard to a short squeeze. There's a lot of talk about it due to the significant increase in shorts, their overbought level, and the strong shorts-to-long ratio, as well as the longs oversold level. Since short squeezes most often happen at support, we would need to consider the blue TR's EQ as support. But what else should have us considering that this may occur? We have printed three daily dojis after that strong drop. As a matter of fact, the daily chart, starting from the recent high, looks a lot like a checkmate pattern (can also see this on the 4H chart). The large candle's low at $4991.42 has not been reached since the initial drop last Thursday. Instead, price has been trapped in a narrow trading range of about $150 on top of the TR's EQ (i.e. support level). Confirmation of this pattern would be 1-2 strong bullish candles. The short squeeze wouldn't fully commence until around $5700, but the shorts that piled up just a few hundred dollars above the current price could be the fuel to get price to that level. Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life. Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
BITSTAMP:BTCUSDLong
by Chris_Inks
NQ Trendstart Short SetupNazzy is about to hit Trendstart. Majority of people on social media and television have a false sense of Security in the US stock market. But don't be fooled, we will atleast retest the lows of December 2018. This recent rally in US Equities is the longest since the flash crash in 1987, this market is purely propped up by fake liquidity. The only Reason we are given this short opportunity is the relentless bidding from the Federal Reserve. Its a tough call to fight the FED, I will give it a shot.
CME_MINI:NQ1!Short
by Marcus_Aurel
3
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
COINBASE:BTCUSD
by TradeViewer7
17
Nasdaq 100 - If you're a BULL, this might be how it plays outNQ1! - Plenty of opportunity to capture points up and down. However, if your bias is to the upside, here is how it may end up playing out. In my opinion, what will be a last leg up before new LO's. Yellow lines are areas of targets for resistance and support (as high as 6870). We may have already seen the support (6245) for higher moves put in on Friday, otherwise, a sightly lower level for support below (6170). With that road-map in mind, I will look for entry patterns as opportunities to get in trades. As of late, taking 35-50 pts a clip. After I collect my profits, any continued move only serves as psychological compensation for being correct with the trade's direction. No FOMO here. Plenty of volatility to go around.
CME_MINI:NQ1!Long
by ProSTrades
BTC/USD 15 min/6H charts (11/30/2018)Good morning, traders. We've made it to, yet, another Friday. There are a lot of ways to understand price movement and I'll be discussing a few today. CME Bitcoin futures expire in just a few hours and the volatility that I warned about yesterday is showing itself. So far, this morning's move aligns with what I discussed yesterday could happen if price moved out of the ascending channel it was in. I said that I would specifically be looking for a bounce in the $3850-$4000 area with the 15 minute S1 pivot located at $3875. Price hit a low of $3861 before bouncing. If you tuned into yesterday morning's live stream, then you know that at that time I was expecting price to follow this path. At this point, things are looking just as they should. You also may have noticed the Head and Shoulders pattern that printed, so even if you didn't pay attention or give much thought to what I said, it should've had you exiting your long position (if you're a short TF trader) or going short on the drop through the neckline. Ultimately, the target based on that H&S is around $3827, so there's always the possibility price could continue to that point. However, the current low on this drop is where the expectation was as of yesterday due to the demand present. We have bullish divergence printing on the 1H and lower TFs' RSI this morning and the price low tagged the 61.8% retrace of the move up from the candle that started the previous ascending channel's support at $3548.76 to the high of $4409.77. I will be looking for price to exit through this current descending channel's resistance and then to head upward. However, traders who choose to be in the market at the moment shouldn't lie to themselves about the risk they are taking. With CME expiry happening in a few hours, we should expect more volatility which can easily shakeout traders by hitting their stop losses with sudden price surges and/or drops. I have added a large green descending channel to the 15 minute chart that I will be watching. At the very least, I expect price to target the top of it. But a push through that resistance should set up an attempt at the double bottom target of $4765. The width of the potential green channel is about $390, so traders could also use that as a target once price breaches the channel's resistance. If price happens to move lower than the bounce, I will be adjusting the green channel to compensate for that movement. I have adjusted the expected outlined movement if price breaches the large descending broadening wedge on the 6H to compensate for this morning as I mentioned I would yesterday. A push through that wedge's resistance within the next 24 hours should generate a target of around $5700 based on the width of that wedge. During yesterday's live stream I discussed the possibility of an Inverse Head and Shoulders pattern forming on the 6H TF, which price is building pretty well at the moment. Current expected target is around $5330-$5350 if the pattern plays out. Don't forget to watch the monthly candle as well which closes at the end of the trading day, today, and the weekly candle which closes at the end of the trading day, on Sunday. The higher that price ends today, the more bullish that 1M candle potentially becomes, and the higher that price ends the week, the more bullish that possible reversal becomes. These two candles will likely tell you more about the pair's current state than the 1D or lower candles that everyone's concentrating on. Every day, we have a choice to act positively or negatively, so if you get a chance, do something nice for someone today which could be as simple as sharing a nice word with them. You just might change their day or even their life. Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
BITSTAMP:BTCUSD
by Chris_Inks
1