BTC1. CME. Mind The Gap!As above so below. I have put the hourly price action neatly into a descending channel. I have seen this interpreted as a falling wedge as well. But, I am looking at wicks too. They often get confirmed insofar as they can broadcast potential channel development. I have an alarm set on trend line A. If this breaks with a nice impulse candle then the upper CME gap will fill. This may provide a long opportunity. But, It's the one below. We have hovered above and foraged within and looking at the development of the daily there is indecision so far. Looking at the Alts I see great areas of untested regions. I just can't shake a bearish sentiment at the moment.
Summary: Ultimately short but an upwards move to fill the upper gap a possibility. Alarm set on that trend line.
Cmefutures
Look Out Below ! CME/BTC1! #cmefutures #bitcoin #CME $BTCWell after that Bitcoin dump the other day many are speculating " How low can this go ? " Well there is still a CME BTC futures gap below us on the daily CME BTC1! chart . Can you see above where I have placed the purple arrows on the chart ? That is the gap right there . It's between 9925 - and - 9670 and so we do need to go down there and fill this gap at some point . This gap has been there since late July but since Bitcoin has already gone below 10k today it is highly speculated that we will go down to mid 9k region at least to fill this futures gap . Possibly we go a bit lower too . Will it happen this weekend ? No , because the CME Futures are closed on weekends and Monday September 7th is a holiday in the USA and banks are closed so probably it has to wait until at least Tuesday .
I still expect BTC to hit 14k this year , possibly more , but it seems like we will fill this gap first before we continue on up .
Have a great weekend !
Gap Fill ? BTC/USDT to 118xx ? #Bitcoin #CME #cryptoBitcoin finally rallied back to hit 10k after an extended period of sideways - Btc Dominance chart went lower than most expected but at least the turnaround has started on the Bitcoin tether chart above . What's BTC target ? Well .. I'm just thinking here that there is a CME futures gap up near 118xx and the blue star on my chart as well as the top of that pink and blue regression band is near 118xx . These gaps usually fill . So it will be great to see Bitcoin close above this upper trendline now ! Is Bitcoin actually making a new upper trendline soon ? I've suspected this would happen - and it makes sense . A new upper trendline will extend further in time until completion thereby making true the 'Lenghthening Cycle' theory of Btc that comes from Benjamin Cowen YouTube channel and which I believe is probably the case . You agree ? Let me know !
Absolutely Cherry BTC/USD #gannfan #btc #bitcoin #cryptoThe Gann Fan indicator on Bitcoin's 1 day chart seems to fit quite perfectly. And it's very important to notice that it's been following this Gann Fan line since early 2018 ! That's over 2 and a half years . So we can guess it may keep following this line . I'm not expecting to wick to the top of the Gann yet near 15k . But there's a strong resistance line near 12k , and there's also a CME futures gap near 118xx . I expect we fill that gap , and perhaps wick to 12k . I'd expect some retrace at that point. But let's see . Also it was pretty exciting to see Bitcoin quickly pump over 11k earlier today !
Bitcoin: Absolutely CRITICAL CME Gap Analysis 1D (Jul. 27)X Force Global Analysis:
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In this analysis, we refer to the CME Bitcoin Futures chart to assess the possible bullish and bearish probabilities, as well as significant support and resistance zones.
Analysis
- To begin with, we can first notice that Bitcoin has broken out of the descending trend line resistance
- This adds weight to a significantly bullish case, as it provides confirmation for the consolidation being over
- We can also notice two major gaps on the chart, that haven't been filled.
- The first gap is at 11.8K, near the 0.786 Fibonacci retracement resistance level
- The second gap is at 9.8k, near the 0.618 Fibonacci retracement resistance level
- We are currently having difficulties breaking through resistance, as the 0.618 has been tested multiple times over the past few months
Market Sentiment:
Long short ratios are at 73 to 27, with significantly more long positions than shorts, indicating a strongly bullish market sentiment.
What We Believe
We believe that despite the gap at 9.8k, more weight is added to a bullish scenario, as we have broken out of major trend line resistance, and the psychological resistance at 10k as well.
Let us know what you think in the comment section below
Trade Safe.
XAGUSD Silver has big demands for CME deliveries. $35 in AUGCME futures over $19 for SEPT contracts
Registered deliveries are UP
Supply is DOWN
HOW?
Silver open interest on the COMEX is exploding.
Data shows that longs are asking for over 69 million ounces of real physical delivery on the July contract.
July 13th data alone shows that an additional 1.1 million ounces of silver were moved from 'eligible' to 'registered' category, the latter of which is used for settlement of contracts.
COMEX data is giving us about the direction of silver prices.
How open interest has exploded in a very small market
How the contracts standing for delivery of 69 million ounces for July dwarf previous data
How JPMorgan (NYSE:JPM) moved over 30 million ounces from 'eligible' to 'registered' at COMEX to meet what appears to be settlement of short positions in real physical metal
How July 13's daily report shows that an additional million ounces, net of market, were moved into the registered category
Bitcoin Futures - CME Group - Triangle Pattern - Elliott Wave
So you think that the BITCOIN move is insane right? "Trip to Moon" ?
Everything goes according to plan. I hope that this tops out finish soon.
Technically speaking, we are not done with the CME GAP yet. This is an important point, just saying! CAUTION!
GAP 1 - $6210
GAP 2 - $7595
GAP 3 - $10225
GAP 4 - $11945
#BTC #BITCOIN #CMEGROUP #HALVING
3RD TARGET AT 9.5K CONFIRMED BEFORE THAN EXPECTED!WE CONFIRMED THE 2ND TARGET AT 9.5K AND ALMOST REACHED THE 3RD AT 10K!!!
ASTONISHED BY THE SUPRISING POWER OF THIS SHORT (I WONDER IF MID AS WELL) TERM BULL TREND!
CME FUTURES GREAT REFFERENCE!!!
Please Guys! Let me know your opinions! Don't hesitate to comment! than you so much!!
LOVE AND GOOD LUCK!!
ENJOY!!
PREVIOUS IDEAS:
ENJOY!!
Extremely Bullish BTC Price Expectation after Massive CME GapBTC Has a very bullish price movement ahead of itself after observing a massive CME gap of 15%. The futures contracts from the Chicago Mercantile Exchange (CME) have something special to them; they don't open 24/7.
Gaps occur when the price of BTC moves during the time (the weekend) when CME is closed and other exchanges are open. For example, the Binance futures and Coinbase futures are opened 24/7.
These gaps tend to fill themselves, meaning the price moves into the opposite direction of the gap and continuing trading around the level where the CME futures market stopped.
In my previous gap analysis I showed that indeed 8 out of the 10 gaps were filled within 7 days:
This one of the largest gaps we have observed so far, showing a very bullish price expectation for BTC. Given the fact that the price dropped a lot recently, this might be a great moment to pick up some sats at a discount.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Bitcoin heading down for a retest and then... fly baby fly!Hi all, today I am using the CME chart as it's cleaner. I learned this from Eric Krown. The CME daily chart shows Bitcoin's break out from an ascending triangle. And as fate would have it, the measured move takes us to $10.5K, a critical level. BTC needs to break this level in order to reverse the trend from a downtrend to a uptrend. However, BTC is seeing resistance from the downward sloping trend line representing the top of the descending broadening wedge BTC's been in for almost 1-year. So, what happens next? I think that Bitcoin is going to retest the top of the ascending triangle and then make a move to $10.5K which I think it will break. Why do I think this? Because the Stochastic RSI is in overbought territory and the RSI and Money Flow are about to enter overbought territory. Whenever all 3 of these indicators line up like this, we see a correction in Bitcoin's price. So, I think that we'll see price correct to the top of the triangle which will cool off the indicators, and then BTC will resume its push to break $10.5. And when it does, well, given the descending broadening wedge, that suggests a break out target of $14K :-) Only time will tell and until then my friends... Happy trading!
Bitcoin CME Futures Daily Chart AnalysisHello everybody,
First please give me your support by following & put a like thanks !
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 !
Don't forget to support me by following & like !
Thanks & see you !
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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Thanks & see you !
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!