2 CME BTC FUTURES GAPS LEFT! 2 Bitcoin Futures Gaps Left @ $7,200 from May 2019 & $11,900 from August 2019.
One gap was filled today at $8,500. This came after the Bitfinex news today.
Also, Tether broke a record at $ 4,149,115,121.00 It was just $2 Billion in April 2019 !!
Noteable mention: Bakkt has been online for 2 days.
THIS IS NOT INVESTMENT ADVICE, THIS IS JUST MY OPINION.
-ADUMB-
Cmefutures
Ethereum appears to be trading in a bull flag.Or a descending triangle.
One thing to keep in mind everyone, the CME Group, one of the world’s largest financial exchanges, is prepping to launch a product for Ethereum, if I'm not mistaken they already launched. For those unaware, the CME is a Chicago-based institution that famously launched Bitcoin futures near the peak of 2017’s boom. Recently they've announced they'll be launching Bitcoin Options in Q1 2020 as well, in a response to Bakkt "IMO." They'll try any way possible to manipulate..
I find it hard to believe that only 3 JPM employees are are responsible for manipulating the Gold & Silver futures markets etc, via "CME" in most cases keep in my mind.
If you honestly think that they are not doing their best to manipulate Ethereum etc, than you are just silly.
Is what it is, glta.
E-MINI DOW JONES FUTURES 1D RANGE TRADESRanges, Triangles, Descending Triangles, and Ascending Triangles are repeatable trading chart patterns.
Triangles and ranges are consolidation chart patterns that can breakout either direction.
Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart ).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility ) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of average volume for a full position size.
b - If 75% of average volume then ½ position size. (To find 75% of Volume
look at the volume settings on the chart – divide smaller # into larger # = 75%+)
2 - Enter two trades.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
BTC CME FUTURE'S GAPBTC CME FUTURE'S
Watch out with this GAP on BITCOIN CME FUTURES most likely GAP will be filled look at what happened on the previous gap.
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BTC Thoughts Thru September (Novice Analysis)Potential Bull Flag waiting to play out on the BTC
CME Futures
Expecting overall decline in volume to continue
until bottom of flag is tapped again and the
CME Gap (green circle) is filled
1M candle printing out an attractive inverted
hammer for August to add conviction to my
bullish bias
This implies we continue upward
after filling the gap and buyers overtake sellers
in this last beauteous opportunity to buy BTC
under $10k before attacking ATH
Bitcoin - 6K Confirmed ! (The Perfect FIB) {PART 2}Hey lovely people ,
Welcome to part 2 of the PERFECT FIB
After all the hate comments and a time of indecision we finally dropped towards my TP (0.618 FIB) which right now exactly corresponds with the blue MA line.
Now I'm waiting to see how it will respond, If it goes below the MA line with a daily close I will be crazy bearish.
If it bounces off I will see how the market will respond and make a new TA based out of that.
Sounds like a win/win ? That's because we always win :) (with right risk management)
Like this post & Follow, so I can keep making these (winning) TA's for you guys.
- Crypto Doggo
Bitcoin - FIB PLAYED OUT PERFECTLY! (Trade Setup NO RISK) Hello and welcome back again.
As you can see from my previous post, the FIB line acted as perfect resistance killing all the poor NASA moonboys.
Even after a retest of the level the moonboys got crushed like some dog snacks, before even testing the level.
Now i'll be quick for the trade setup that I will be using for a NO RISK trade with big gains :)!
If you used my previous trade setup you should allready be in profit now so good job to you precious human
1. The 12246 Short > 10900 Level (Selling 50% of my trade making this a NO RISK trade WITH BIG WINS ALLREADY)
2. I will be holding the rest for 6K-7K Region, Why I think this will play out ? (Because it is to easy, now we have leveraged trading introduced people can make BIG money very quickly, thats why they need to shake out some moonboy hands)
EXPLAINING MY THOUGHTS:
The 6K region was always in my mind, I was just searching for a way to verify it (which I did if the fib playes out).
Making money is never easy, people are just so greedy and naive thinking that bitcoin will always moon and never come back down again, and they will get burned for it !
A bullrun will eventually happen but it won't be like the other bullruns we have seen. Because of leveraged trading people can make money going up and down so thats exactly how the bullrun will commense. A slow rise with many pumps and dumps making sure to shake weak hands and new traders coming in the space.
Bitcoin 6K Confirmed ! (u are using the FIB wrong !!!) The dump today didn't come as a surprise, well it didn't for me lol ;)
You see, the way I do my TA is different then the rest of the sheep.
Everyone knows that there are CME gaps to fill and those will get filled no matter what, but the fun part is, they are finessing everybody while doing it.
Everyone was bearish when bitcoin was at 9100, where is that energy now? The moment they change your bias will be the moment they will dump there bags.
But for the big guys to drop there bags they need liquidity, thats why the "lower high was broken" but did it really break ? no because there is a new lower high right now
Long live bitcoin right :)
This is ALTCOIN time. (Sorry for this mobile post. Its because vacation )
when is the start of most bull cycle’s?
Right! When everyone is talking badd about it. So now Altcoins have a really badd looking. So this can be the moment when it start again. Many alts are capitulated.
Letsgo. And join the Alt run up. (Hope so)
Bitcoin time to cooldown and fill gaps.
Share your idea!
Goodluck .
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.
BTCUSD (1D): Bitcoin CME show the low point at 8515!There are gaps in the charts of Bitcoin CME Futures. These gaps are often closed later and offer ideal correction targets. They can even help to show where a low point could be.
Here we see a target at 8515 down and up 11195.
So it could be that we go first up and then down or vice versa.
Let's see what happens. Happy trading. :-)
#BTC # 4H #CMEPrice pushed away from the border _ indicated by a blue rectangle.
Goal up to $ 11,000 - $ 11,300.
By the way: STEP beyond STEP overlap gaps, which I wrote about earlier (t.me/igorporokh1/864)
Let me remind you: Bakkt will start testing its platform on July 22 (t.me/igorporokh1/920)
When do we go to overlap the lower gap? It's a question of time. At present, the gap between the top $ 11,500 - $ 12,400, the expiration of CME futures contracts - $ 12,550
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 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.
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.
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All Gaps Must Be Filled. *Mind the Gap*If you follow CME BTC Futures, it is common that any gaps between futures close/open are filled by either a pump or a dump. According to the latest futures gap, we may see 7200-7400 at some point in the near future (pun intended).
This is my idea, not yours, don’t do as I do. Not Financial Advice.
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.
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