Cmefutures
Bitcoin CME gaps are still in playHello Friends!
Can this be a slow bleed to fill Bitcoin’s CME gaps? Bitcoin has already filled one gap between $32k-$34K. Now there are still two open gaps.
-$24K-$26K
-$18K-19K
It’s still on a downward trend with week over week lower trading volumes. Maybe it needs to continue to follow this trend to fill the remaining gaps before we see any meaningful reversal.
As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
Bitcoin CME BTC1! - Filled GAP + Bullish hammer on the weekly!- The huge CME gap on bitcon futures has been filled on the weekly time frame.
- Also we have a bullish reversal candle - hammer, which indicates trend reversal.
- The price is printing higher highs and higher lows, that is ofcourse very bullish.
- ABC correctnon (5-3-5) completed successfully (see my related idea for detailed Elliott Wave count below).
BTC Bitcoin CME Gap DiscussionHello friends, I am showing you the CME gaps I circled for Bitcoin (BTCUSD) on a 1D linear chart that I was able to spot. The CME gap is the difference between the trading price of a CME bitcoin futures contract when the market closes on Friday and opens on Sunday. The reason I am showing this chart is because though CME gaps are formed, the price tends to get back to that gap and fill it at some point. Since price is near certain prior gaps, there may be a chance the CME gap gets filled.
Not everyone believes in CME gaps, but this is another metric to review when looking at Bitcoin and the crypto markets.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
S&P 500 ES1! Technical Analysis Monthly / Weekly / Daily
## Bottom Line
- Weekly closed with a massive bear bar on its low.
- That low is going to break.
- Likely outcome of this week will be a Doji Candle
- ...meaning there will be a strong rally after the low is broken
- A rally should top out between 4,457.25 and **4,492** (Thursday Settlement is in the middle at 4,475)
- My expectation this week is we will be going up before going down on a daily basis
## IF/THEN
- **IF:** they push it all the way down to 4,350 area on Monday,
**THEN :** I expect that we will go to the top of the rally zone after that.
---> **IF:** It gaps up at the open and rally’s overnight Sunday,
---> **THEN:** Will likely have another bear bar day, another daily session dump, ending in a daily bear bar
---> **IF:** It gaps down and heads lower overnight
---> **THEN:** Will Likely Rally in the Monday regular session
**IF:** It collapses below 4,350 area
**THEN:** I expect it to just be a vertical nosedive market with everyone scrambling to adjust their risk and get positioned.
**IF:** Bulls can break above **4,492**.
**THEN:** I expect that they will test the bottom of the prior week candle at 4,572.
## Containment
- Monthly:
- **4,260** and 4,600 (Outside)
- 4350 and 4540 (inside)
- Weekly: **4,260** and ****4,472
## Targets
**Downside:**
- Monthly: **4340**-4350
- Weekly: Same
- Daily: **4340** (Same as monthly. Trend Start on daily chart)
**Upside:**
- Monthly 4492 (low of prior month), **4580** (50% retracement of This Month assuming they hit the 1.618 target, The Monthly Chop Zone, Open of Prior Month)
- Weekly 4473
If it gets to **4580**, I figure for another major down move after that. This takes us into March for sure
Primary weekly resistance is not at any monthly level except the prior month low.
Bouncing at the 1.618 extension puts us at a higher low
## Best Levels to Trade
- Short: 4,475 - 4,492
- Long: 4340 - 4350
## Charts
Monthly
Weekly
Daily
Containment Zones:
Monthly
Weekly
Daily Targets and Traps
Levels on Intraday
Levels are rarely exact in the S&P. You want to buy below support levels and sell above resistance levels. The algos know they can generally make profits running obvious stops, so they do. When trading these instruments keep a flexible open mind, be ready to take a stop out, don't be afraid to try again, and think in terms of price zones more than levels.
BTC Last Lines of Defence before a short trip to BEARLINIn this idea I've used the following:
1) Agled Dotted Trendline that coincides with a FIB level of 0.618 to indicate Support
2) Angled Trendline in Red to indicate resistance
3) Horizontal Support Lines to indicate the next major supports
4) CME FUTURE Gaps, to indicate regions where BTC might potentially move.
BTC CME Futures DeviationI created this chart to visualise the BTCUSD / CME Futures deviation on weekend
In blue: Coinbase spot BTCUSD minus CME Futures price
In orange: Coinbase spot BTCUSD
In cyan: CME BTC1! futures price
Gray bars: weekends
Clone this chart & make a copy. Try it on daily and 4/6 hr timeframe
At the weekend price can deviate up to $2,000 or more from the CME close.
When there are large deviations price often reverts to the CME close before the end of the weekend. Large deviations should be faded
90% of CME gaps have filled in the past! | #Bitcoin #CMEHello Padawans,
According to the past, 90% of CME gaps have filled at least by a spike.
Okay what is a CME gap?
The gap is the difference between the closing and opening trading prices of a CME bitcoin futures contract on Friday and Sunday. There are no trades between Friday's closing session and Sunday's starting period, resulting in the gap. The gap can also exist while the CME is closed for the holidays.
hope you all got an idea.
I hope it will never get filled if we can directly go to 6 digits Bitcoin.
let's see what will happen next.
Cheers
May the force be with you.
Bearish Shark Harmonic pattern of the CMEAs you can see it formed out the CUP AND HANDLE on the Daily Time Frame.
whereas we can see after breaking out the neckline it filled out the gap of the CME from 45570 to 48460 which is why we saw our initial rally.
After it, however, it formed out the Bearish Shark Harmonic pattern which interprets into a potential Bitcoin correction down to $52,500 or $50,500 before a stronger continuation.
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Best Regards, Reda Souhail™
Unfilled CME GapsI found Completely unfilled 06 CME Gaps all the way in this market cycle up to date. The lowest Gap is 9665$ - 9925$. The Highest completely unfilled gap has located in 60,165 $ - 57,750 $. This highest gap was almost filled by a wick up to 59,990$ but still remaining as a completely unfilled gap. Since previous days there was an idea among most of the traders that all the CME Futures gaps will be filled sooner or later. We can calculate a percentage of this from the Highest & Lowest price ranges in this market cycle up to date (Bottom of the cycle of 4,210 $ on 13th March 2020 to Top of the cycle of 65,520 $ on 14th of April, 2021) is as follows.
Total no of Weeks = 81
Total Gaps formrd = 81
Total Gaps Remains = 06
Total Gaps Closted = 81-06 = 75
Percentage of closed gaps = (75/81*100%) = 92.6%
Percentage of opened gaps = (6/81*100%) = 7.4%
This calculation says that there is a 92.6% probability to fill CME Futures gaps sooner or later but still there is a 7.40% percentage that doesn't respect that all the way through this cycle.
82k Bitcoin is coming!?As you see bitcoin is closely going out of this weekly triangle, BUT...
.
1- We know CME gap for bitcoin is around 48k, so it should be filled. after filling we expect a little correction that can be bearish!
2- We know summer's holidays here! so for next week fund providers will start working again and inject money into the market! so far, a little bearish market is predictable!
3- Look at the RSI and SQUEEZE MOMENTUM. In RSI we see a pullback onto the trend line is shaping. In SQUEEZE MOMENTUM at least we need 1 more bearish candle to come. so again a little bearish market!
.
NOW, after all these corrections and bounces I expect BTC to break the triangle from above and grow as the size of our triangle that can see around 80k!
God bless
BTC BULL TRAP?My longer term projection is visible in this chart. When BTC retraces to the 61.8 and 78.6 retracement levels I will be taking a majority of my money out the market (70%). At that point most people will be on board again due to the fomo kicking in. Behind the scenes there is a lot going on with regulation and I think this may be the Catalyst that will bring the market down. This long term projection also lined up with the CME future gaps that are still unfulfilled at 48, 23, 18, and 9k. So I expect we fill the 48k first and go to the retracement levels stated before, then a drop to fill the 23 and 18k gap that aligns perfectly with the -27 fib extension, where I will buy back in a little to catch the potential bounce we see from that area, and then I expect the further drop down to the 9k gap and maybe fill the -61 extension at 7k.
If I am wrong I will still have crypto left to take profit from, which is something I recommend everyone to always do. Be prepared for both sides, and execute when the market moves to either, this way you will always end up with more money n your hands. Which is the only goal there is.
I will upload a similar perspective on XRP as I just use the BTC chart to analyze where the overall market will go, however I do not invest in BTC as I believe I can make more return with other projects. Hope you guys see my perspective and understand what I am saying. If you disagree, let me know+ why, cuz I'm interested.
Bitcoin CME GapsThe “Bitcoin CME Gap” is the difference between the trading price of a CME Bitcoin futures contracts when the market opens on Sunday, and when it closes on Friday.
In 77% of these cases the retracement occurs in the subsequent week, before the next CME market open.
No matter which type of trader you are, never forget: “mind the gap”.
BTC/USD and CME FuturesWeekly View of BTC and CME futures.
CME Futures:
Expire this Friday 7/30
If history is repeating itself, we typically see a nice rally the week of followed by a massive selloff when futures expire.
CME Gaps included in chart
BTC still on the fence, with heavy resistance at 200 Daily EMA. Either way you choose (Bull or Bear), remember to:
Be patient
Find your trade
Make it count
*Not financial advice. Good luck with your trades*