Bitcoin CME Futures Daily Chart AnalysisHello everybody,
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Here is my daily chart analysis for the Bitcoin Futures since the beginning of January 2020 till today.
Bitcoin was in a bullish channel and broke it around 10 000 price level.
Then on the 7 & 8 March 2020 Bitcoin did a Daily Gap about 1000 points & extended till 5000 price level.
This price level in the futur could be a good support in a bearish scenario.
But actually, my chart analysis shows a small bullish scenario.
Indeed, Bitcoin broke the triangle & the VWAP with a " Powerful " bullish Hollow Candle.
The goal is that Bitcoin reach to the
10 500 price level which was also by the past the end of our bullish channel by price break.
But we have to pay attention because the volume divergence line was broken by two important volume bars.
The " problem " is actually the second bar which is bigger than the first one.
It's why it's better if we wait till the next bar to see what's happening.
You can also watch that the actual Hollow Candle did a wick.
Not a big wick but enough important to say that sellers are in the place.
9000 price level could be a good resistance if sellers push more tomorrow & also because 9000 was the GAP level.
So, Bitcoin could reach next week the 10 500 price level but we have to pay attention for a possible pullback tomorrow on the VWAP.
It's all for this chart analysis & i really hope you'll like it !
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Cmefutures
BTC1!: Bitcoin is going to close 10% CME GAP?As you may recall after the terrible fall from 8000 we left behind 10% CME gap.
it seems we can close it in the coming days. Not long from this level ofc.
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Information is just for educational purposes, never financial advice. Always do your own research.
Corn Futures - Area Chart Analysis - Monthly ViewHello everybody,
Here is my chart analysis for Corn Futures.
Monthly timeframe & long-term vision.
Since its historical top at 806'4 Corn is on a downtrend.
Its bearish potential is really interesting.
Nevertheless, 300'0 price level could be the next support.
Indeed, Corn has been drifted in a range area between 320'0 & 440'0 since July 2014.
If the actual price breaks this level, Corn could reach the 200'0 price level which has been hit several times.
Between August 1998 & October 2005 but before also, I just don't have more space to show you that in this publication.
However, Pay attention for a possible pullback on the 300'0 price level !
I hope you'll like it !
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Mind The Gap: An In-Depth Analysis on CME GapsThis analyses shows what happened during the last 10 CME gaps. We can use this information to create a scenario on the future predicted price of BTCUSD given the current gap.
We can observe that 8 out of 10 CME gaps were filled within reasonable time. The gap from the 29th of January was filled 30 days later, but I considered this too long. I have been focusing on gaps that were filled within about 7 days. In this case we get a 80% success ratio (and a 90% success ratio when you make it into a 30 day window).
Applying this on the current gap, we are roughly 9% below the top of the gap. This means that we can trade this 9% potential and aim to have the gap recovered within the coming week. Based on historical data purely this should give us around an 80% success rate.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Will Bitcoin fill the CME gap?BITFINEX:BTCUSD
Traders,
Seems like Bitcoin is contracting into a Rising Wedge, pointing at a direction that may fill the CME futures gap in the 8250-8500 level:
Decreasing volume
5 previous daily closes above the Fib Pivot Point
Even when the wedge is not exactly pointing to that area, a throw over or a wick may close it.
The gap is exactly also below the Fib Resistance 1. Will be closing longs there.
Even though I've been trading crypto for some years now, this is my first published idea, i hope someone finds it useful.
Profitable trading everyone!
NT
BIG MOVE COMING TOMORROW for BTC!!A ton of confluence in this idea.
Looking at BITCOIN making 1 of 3 choices tomorrow:
1. Pumping up towards $8650 staying up there for the day and maintaining the price level for a day or so as retail FOMO's in, then coming back down to A) previous low to form a double bottom (YELLOW CURVE)
2. Pump up to $8650 quickly to cover the CME gap, then head right back down to continue forming a (possible) double bottom.
3. Dump straight down and continue into forming pt2 of the DOUBLE BOTTOM.
All of these scenarios will eventually lead to a sub $5K low prior to halving.
- Mining difficulty is lowest it has been in 13 years. Historically, this has preceded a NEW LOW.
- a new low is expected to be FORCED by institutional miners (THEORY) to force out smaller operations.
CME FUTURES EXPIRE ON FRIDAY - NEED(should) (TO) CLOSE $8650 GAP*
S&P500 has shown a STRONG correlation to the BTC price. The 4hr S&PChart is currently in a RISING WEDGE (BEARISH REVERSAL PATTERN) that is expected to COMPLETE tomorrow before TRADING CLOSE.
MACD, RSI -Look BULLISH in the 4/6hr TF
GANN FAN S&R showing strong SUPPORT initially into the START OF TRADING TOMORROW.
I expect the BTC price to have a strong pump to the upside when the markets open in the morning, up to AT LEAST $8650. THEN a RETRACE DOWN into forming the top part of the DOUBLE BOTTOM (2ND BOTTOM) STRUCTURE.
WILL ANTICIPATE BREAK UP or DOWN inside of GREEN CIRCLE..
What do you think? Am I missing anything?
BTC- Volume, derivative, macro... Decoupling finally?For the first time since the corona virus started to ravaging the market in late Feb, BTC's price decouples from that of stock market.
Please click like or follow me if you like my post! Really appreciated it.
A lot of people think BTC failed its role as the recession-proof safe heaven. What they fail to understand is the true purpose of BTC, which is created to resist the unlawful seizure and confiscation, to avoid the loss of purchasing power typically associated with fiats due to their inflationary nature and to avoid the defunct that comes with the sovereign debt risk.
BTC never claimed and nor does it ever try to be the safe-heaven asset during the recession. In order to make that assertion, it needs to be the asset that has the low volatility because investors tend to hold the low-volatility assets during the time of uncertainty.
Few Macro list to go through
#1. Recession is overdue for the U.S economy and Coronavirus could just be that catalyst that pops the debt bubble. The recession talk is, perhaps, premature, but not unwarranted. All three major stock market indexs' SMA 50 are ready to cross below their SMA 200. On the bright side, SPX and DOW have bullish divergence on the daily timeframe while Nasdaq does not.
#2. If you believe the stock market will not fall below S&P's 2017 high, then we are near the bottom. IF you think we will go below 2017 high, then we still have the room to go even lower.
#3. Pay attention to this moth's unemployment related indicators, retail metrics, manufacturing-related indexes and housing-related signals. Reports about rising jobless claims along with the potential 20% unemployment figure, if proven true, could further dampen investor's confidence.
#4. Market will not fully recover from the coronovirus panic until the exponential growth slows down. Currently, U.S is approaching 10000 cases and the exponential growth does not seem to be slowing down even with the social distancing measure in place. Next week will be critical because spring break is just right around the corner...
#5. It was a little disconcerting to see 1.5 trillion stimulus package to have a very little to no impact on the market. However, you can count on president Trump to do everything he can do rescue the freefalling stock market. U.S senate just passed the coronavirus relief bill and a larger aid package is expected to follow. Moreover, ECB just announced the stimulus package as well. The effect of all these measures will be determined once we get the more definitive timeline.
#6. Did all the big players get out of their underwater positions in time or are they waiting to sell into the next rally before the market dips even further?
If BTC continues to move on its own, then we can ignore everything I said above! If not, the strength of the U.S economy will determine which kind of halving we will see.
Which CME gap will be closed next?Ladies and gentlemen, you are very welcome to place your bets on which CME Futures gap will be closes:
Is it the CME Futures gap #1 at the 3.5k region?
Or will it be the CME Futures gap #2 which is at the 11.8k level that is going to be closed?
What do you think?
I personally consider myself a Bitcoin bull, so you figure which gap I'd love to see closed.
Cheers!
How to make CME-gap traders happyThe dream of every CME-gap trader:
First we well visit CME Future gap #3 which is the youngest in our CME-gap family. After a mid-short bull-bear fight at the daily support/resistance area at 8930 bears will continue to gain strength as new market participants feel for the first time the rollercoaster ride of emotion the volatility of crypto assets causes. Weak hands ether hedge their remaining profits or accept the losses already made as they cut their bags and trades. At this time we reach CME Future gap #3 were smart money flushes the markets and starts buying their bags. After a short visit price will massively gain steam as the last and also eldest, let's call him Granpa CME Future gap #1 comes into play.
We will see how this dream will turn out. If you are a CME Future gap trader my prayers are with you, as this play also matches my personal bias.
Comments, especially opposing opinions are highly appreciated!
Cheers!
BITCOIN GOING 4% DOWN THIS WEEK?This weekend bitcoin pumped and created another gap on the CME chart.
In 35 minutes CME should open the week and I do suppose it would be the right time for CME to fill that gap.
Just something to be aware of as its possible this will start the next bigger retracement.
My target is $9600, what's yours?
BTC moving down to close CME gap
Last week closed with very bullish candle. Same as month. All together that makes Bitcoin ultra bullish on macro scale. But each move up is usually followed by move down, so this week I expect BTC to head towards CME futures gap.
Support zones located at these levels: 8900 - 9050 - 9160. Highest is little above CME futures gap, but CME price is different from Bitmex/Bybit and this difference is changing all the time, so there will be no surprise, if Bitcoin will dump lower. Just in case, as it always does. Certainly it won't stop where everyone expect it to stop, as whales need liquidity that comes with panic and fomo.
Week chart:
Bitcoin CME Futures open a Gap potential dump incoming?
Bitcoin CME futures now showing a gap between 9245-9115 region we have a decrease in volume at 4H time frame possible incoming
pullback around this support region at 9035-8870 to fill the Gap let's wait 24H if this Gap will attract the price of bitcoin. Priority today is Short
CME Futures Gaps| Structural Resistance| Correction ImminentHello Traders!
Today’s chart update will be on the CME Futures chart which has multiple gaps that are yet to be filled, a key indicator that a correction is imminent.
Points to consider,
- Trend over-extended
- Structural Resistance tested
- Bollinger band reversion
- Stochastics in upper regions
- RSI in overbought
- Volume currently trading below average
BTC’s trend is currently over extended as it hits structural resistance which is in confluence with the up trending resistance line. The Bollinger bands suggest that a reversion is probable as BTC tests the upper extended band.
The stochastics is currently in the upper regions, can stay trading here for an extended period of time, however lots of stored momentum to the down side. RSI is currently overbought; a return back to neutral territory is highly likely from current levels.
The volume is currently below average – a very key indicator to watch at these levels as an influx of bull volume will send BTC breaking structural resistance.
Overall, in my opinion, BTC Futures chart indicates that a correction is imminent as history suggests that these gaps tend to fill sooner rather than later (see charts linked).
***The CME Futures chart should be used with a handful of indicators (do not solely trade of gaps only); the oscillators are quite extended so it is viable to say a correction will come to fruition.
What are your thoughts?
Please leave a like and comment,
And remember,
“There are no guarantees in trading. The sooner you accept that you sooner you can release your expectations and focus unconditionally on a proven process.”
― Yvan Byeajee
Bitcoin Cheat Sheet 2020!!First off, give this a like/follow - let's get this information out to as many people as possible! We can see the 2019's cheat sheets were very critical for the market.
2019 Cheat Sheet 1 - (3 Month Contracts) -
2019 Cheat Sheet 2 - (6 Month Contracts) -
Now, 2020's cheat sheet, explained.
Index for 2020's Cheat Sheet:
First Purple line is CME futures launch date. 18th Dec 2017. From then on, the purple lines in December are the anniversary of it. Clearly it's created a top, and our bottom's so far.
First Red line is NYE. From then on, each Red line in Dec/Jan cross over is a new year.
Dark Green to Dark Green is Jan 2020 CME contracts duration found on ticker: BTCF20 (First Trade 28th Oct 2019 - Last trade 31st Jan 2020) Settlement date 03 February 2020.
Yellow to Yellow is Feb 2020 CME contracts duration found on ticker: BTCG20 (First Trade 2nd Dec 2019 - Last trade 28th Feb 2020) Settlement date 02 March 2020.
Orange to Orange is Mar 2020 CME contracts duration found on ticker: BTCH20 (First Trade 30th Sep 2019 - Last trade 27th Mar 2020) Settlement date 30 March 2020.
Dark Blue to Dark Blue is Apr 2020 CME contracts duration found on ticker: BTCJ20 (First Trade 16th Dec 2019 - Last trade 24th Apr 2020) Settlement date 27th April 2020.
Teal to Teal is May 2020 CME contracts duration found on ticker: BTCK20 (First Trade 16th Dec 2019 - Last trade 29th May 2020) Settlement date 01 June 2020.
Green to Green is June 2020 CME contracts duration found on ticker: BTCM20 (First Trade 30th Dec 2019 - Last trade 26th Jun 2020) Settlement date 29th June 2020.
Black to Black is July 2020 CME contracts duration found on ticker: BTCN20 (First Trade 3rd Feb 2019 - Last trade 31st Jul 2020) Settlement date 3rd August 2020.
Pink to Pink is Dec 2020 CME contracts duration found on ticker: BTCZ20 (First Trade 16th Dec 2019 - Last trade 24th Dec 2020) Settlement date 3rd Jan 2022.
Dark Grey shaded area in May is the Bitcoin estimated halving date range.
Horizontal Lines are Major Fib's.
Gold lines = Golden Ratio (38.2% or 61.8%).
Black lines = Fib levels (0.0%, 0.225%, 0.5%, 0.775% and 1.0%).
Purple lines = Custom Fib (0.1112% and 0.888%).
Trend lines are from major levels of support/resistance from highs and lows of $BTC on $XBT's chart.
The point of this chart is to map the effectiveness of these dates. History shows volatility dries up as we get close to them, and gets very volatile shortly after them.
I hope this helps you make, or save a few dollars this year!
CME FUTURES, WILL THE GAP BE FILLED?Inverted inverted head and shoulders appearing. Target price near the upper end of the CME gap. Will it be filled though? We have major resistance on the way up, so for me, if it is to fill, it will be a flash fill before crashing back down- unless it can close above the major EMA's on the daily.
Thanks
The Gatekeeper
New CME gapChart made a new CME futures gap between 8765 and 8865. This gap will be closed either before the dump, or after the dump is over and price bounce above 8k. I'd prefer to see it untouched until BTC hit 8k, as this will be more bullish and promising. In case price first go up and then down, there will be less "reasons" to come back.
Bitmex/Binance has a little different numbers, but close. Zone from 8150 to 8300 represents strongest support for bullish bounce. 8000 obviously can be wicked within that move as well. If bullish bounce scenario won't happen, price may retrace further to 7555 - 7700 zone. That still leaves the big picture positive, while switching BTC into consolidation period that will take longer time to resume and build new uptrend.
BTC- Buy on the dip engine activated... Trial modeWill the BTC option launch on CME finally kick off the long-awaited price surge toward the glorious BTC halving?
On the fundamental side, all the metrics list in my chart indicate that whales and long-term holders have not moved much of their BTC holdings in a while, a bullish scenario to me because it means we are less likely to see a huge selling pressure if this trend continues.
The first hurdle, daily timeframe, is cleared as most technical indicators turne bullish and some indicators suggest a slightly overbought condition, which indicates the potential short-term pullback.
No divergence detected which further validates the current trend.
However, the lack of volume on the daily timeframe is a little bit concerning though.
The ideal scenario for bulls is to end the weekly candle on the high volume above the vertical trendline.
I see a lot of confluence around 8450 on the daily timeframe and I expect bulls to defend this lvl.
Overall, I believe the successful defense by bulls at 6.5k and 7.7k has turned the tide of the battle and, bulls will continue to have the upper hand as long as BTC stays above 8k.
BTC UPDATE | New weekBTC UPDATE
The new week started. New GAP on CME Bitcoin Futures was formed, but almost immediately was covered by the price. We can see a clear downward vector on $BTC chart, I expect to see a test of $7900 support today.
The reason is simple, during recent weekends we could see a massive SHORT accumulation in the zone of $8175 and higher. If we breakout above this level and take hold above, bearish option is broken.