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
Cmefutures
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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- Trading Guru
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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.
Hit the "LIKE" button and follow to support, thank you.
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.
Follow me for consistent high quality updates, with clear explanations and charts.
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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: