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10k BTC if the price doesn't hold support!Here's a quick look at the weekly BTC chart. As we can see, the price is currently in the crucial support zone, and the price has to hold the support zone to avoid a significant downside. If the price doesn't manage to keep the critical support zone, the price will likely end up in the 12.5k - 9.5k price range. I must mention that there is still an open CME gap at 9.7k, and we may very well end up at the 9k level and thereby close that CME gap. Tho there's no specific timeline for when they'll get filled. ------------------------------------------- What is a CME gap? Key points: A CME gap is a break in the graph of the trading prices of an asset, in this case, Bitcoin. So if BTC closed at 8700, then opened the next session at 9400, there would be a 700-point gap in the chart. Some traders believe that gaps will get “filled.” Meaning the asset will go back down, in this example, and “fill the gap.” ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
INDEX:BTCUSDShort
by MBM_Crypto
8
CME Reportables for BitcoinThe CME report for the 23rd to 30th of August came out Friday and saw interesting price action from Bitcoin. Another approximate 1k range is currently between 20.4k and 19.3k. This is similar to the previous range of 21.8k to 20.8k. As of the report, Exchanges (Dealers/Intermediaries) increased their Longs by a massive 293%. The change in Shorts being negligible could indicate an interest in holding the current lows. Asset Managers / Institutionals are still closing their long positions and adding shorts however given that the majority of their Long positions were created in November, December, and again in March they are currently very out of position and this seems to be an act to hedge themselves and mitigate risk. This can be seen as they have closed 1306 positions or 18% of their Longs since August 16th. 2 CME Gaps in Price Action still exist from November and December of 2020 at 17k and 18k. With the majority of low leverage liquidity from July and August under the current low at 19.3k a breakdown in price would occur swiftly to test lows from the beginning of July. Until this range is confirmed broken, then the Support at 19.3k and 20.4k is still valid. A word of caution; Be very careful Shorting into Support or Longing into Resistance. Wait for confirmation of range break and assume it is a fakeout until it is confirmed as a breakout.
CME:BTC1!
by TrendmasterOfficial
🤖 #BTCLIVE - 09.08 - #IDEA 🤖🤖 #BTCLIVE - 09.08 - #IDEA 🤖 60:40 Mid-Term Bullish:Bearish Technical Analysis: Current Status: Big rejection hit as outlined in yesterdays BTCLIVE with TD9's, Exhaustion candle and bearish divergence into resistance - multiplied by the Tornado Cash blacklisting. We have taken out the high support of $23.8k and looking to test the more critical support of $23.2k. There is a large amount of support in this area: - 50EMA - 20 EMA - Weekly Pivot - CME Gap - Trendline - Potential Bullish Divergence That should hopefully, the key analysis is the bullish divergence that is not confirmed yet but could help support a retest and bounce here. A long with a pretty tight stop-loss here could be an option, although keep the stop-loss tight - very high risk. The only issue is that there is a considerably amount of unpredictable new circulating atm, especially the Tornado Cash blacklisting as this could be a floodgate to other services and the depth may be quite damaging as it is unlikely this will be isolated to just Tornado Cash. The rest of the news is not particularly impactful so just keep an eye on how this unfolds - it will be interesting to see what the US does when on line. On the whole I am still more bullish than bearish Bullish Scenario Bounce here at $23.2k and track up to longterm range target of $25k - $26k. A lot of TA suggesting a possible bounce along with a lot of volume if the US market doesnt drop the price below $23k the it would all be relatively bullish. Bearish Scenario If the Tornado Cash impact unfolds to affect more services then unloading of BTC reserves could start occurring - I believe this was the cause of the recent dump - a daily close below $23.2k would likely lead to further downward pressure with a realistic target of $22k. Key News: + Iran completes its first foreign trade worth $10 million using #cryptocurrency. - @circlepay 's USDC has officially blacklisted every Ethereum address sanctioned by the US Treasury + $100K #Bitcoin could be a matter of time, says Bloomberg Intelligence + UAE-based retail store Day To Day will accept #Bitcoin and other cryptocurrencies as payment methods. - #Binance will disable off-chain transfers to WazirX on August 11th. - U.S Treasury has blacklisted 'crypto mixer' Tornado Cash. home.treasury.gov - Singapore-Based Hodlnaut Halts Withdrawals Citing ‘Market Conditions’ beincrypto.com Metrics: Exchange + Exchange Reserve - As the exchange reserve continues to fall, it indicates lower selling pressure. - Exchange Netflow Total - Net deposits on exchanges are high compared to the 7-day average. Higher deposits can be interpreted as higher selling pressure. Miners / Miners' Position Index ( MPI ) - Miners' are selling holdings in a moderate range compared to its one-year average. / Puell Multiple -Miner's revenue is in a moderate range, compared to its one-year average. On-Chain - aSOPR - More investors are selling at a profit. In the middle of a bull market, it can indicate a market top. + Binary CDD - Long term holders' movement in the last 7days were lower than the average. They have a motive to hold their coins + Net Unrealized Profit and Loss (NUPL) -Investors are in a Fear phase where they are currently with unrealized profits that are slightly more than losses. + Transfer Volume - The total number of coins transferred has increased by 30.00% compared to yesterday. - Active Addresses - The number of active wallets used to send and receive coins has decreased by -4.00% compared to yesterday. + Transactions - The total number of transactions has increased by 2.00% compared to yesterday. Sentiment + Coinbase Premium - US investors' buying pressure is relatively strong in Coinbase. - Korea Premium -Korean retail investors' buying pressure is relatively strong. - Fund Premium - Investors in funds and trusts including Grayscale have relatively weak buying sentiment. Derivatives + Funding Rate - Long position traders are dominant and are willing to pay to short traders. - Taker Buy Sell Ratio - Selling sentiment is dominant in the derivatives market. More sell orders are filled by takers. / Open Interest - As OI increases, it indicates more liquidity, volatility , and attention are coming into the derivative market. The increasing trend in OI could support the current ongoing price trend. - Liquidation - 22775722.97 of long positions were liquidated in the last 24 hours.
by Kryptochristian
CME Gap: 2022 JulAfter 6 months absence, going to start my monthly thread on CME:BTC1! I have updated the monthly direction table for last 6 months. Even during a major bull run majority of the time CME Week was showing a weakness. However for last 6 months, CME week is showing a more of a ranging performance followed by weakness. CME Data: Trade Volume increasing while Open Interest is reducing, meaning contracts are getting closed prior to settlement. Gaps: Currently 2 major gaps are open Gap Open - 2022 May , within the price range of 34450 to 35925 Gap Open - 2022 June, within the price range of 27300 to 28945 Trades: Looking for short if price tries to get stronger prior to final settlement date.
CME:BTC1!Short
by cryptochi1986
When will it stopBTC is looking delicious these days, sidelined money is slowly coming back to the market as we all feel bullish these days but when will it stop? Or will it stop anyways? As we all know that BTC likes to fill the CME gap. The nearest CME gap is between 27.3-28.8k. If you look at the chart if BTC continues to go up it will meet the downtrend line which is from November 2021 at the same levels of CME gap. What a coincidence? If you look at the daily RSI chart when it reaches to 70 level BTC makes downside correction moves so around 28k daily RSI will be 70.. So what these data tell us? I think 28k is a good price to take profit and I think we will see a final leg down may be to the 16-18k after this 28k movement..
Long
by flymetothemoon2109
⚡️ #BTC OUTLOOK - 20/07⚡️⚡️ #BTC OUTLOOK - 20/07⚡️ We have arguably broken the range that we are in although it is definitely on the edge. At the moment there is still a sizeable amount of shorts above us (approx. 1k BTC on Binance - doesn't seem huge but relatively it is pretty big). The worst thing that can happen is losing $22.9k then I feel it would be a bit of a collapse back in to the range heading quickly to $21.8k and then ultimately about as low as $20k. The bullish scenario which I am slightly leaning towards is that we consolidate here for a day and eat away at the shorts before pumping through, the short/mid term target here would be $27.3k to $28.8k to basically fill the CME gap. What to watch out for? Any FUD, if it is going to drop then it will drop whilst we are trying to break out of this key resistance so please be wary of that. We are at the mercy of order books that can be unreliable to be exact but do help gauge sentiment quite well usually. Further on-chain data - is suggesting that we are coming up to a pretty important bullish turning point Source: Glassnode #Bitcoin is currently in the process of breaking above three long-term pricing models: - Realized Price (average cost basis) - Long-Term Holder RP (Cost basis of LTHs) - 200-week Moving Average
by Kryptochristian
Bitcoin CME GAP Chart ( My $23795 & $18740 GAP Filled )#Bitcoin CME GAP Chart:- $Bitcoin Currently trading at $22,000 As per Market sentiment Bitcoin is Bullish in Lower Time Frame. And Two CME GAP $23795 & $18460 GAP filled after My Chart Post. As per Data max probably all CME Gap filled. So now in BTC Chart:- December 2020 to Till now total 10 Gap in Daily Chart . CME GAP 1 = $18460 filled ✅ CME GAP 2 = $23795 filled ✅ CME GAP 3 = $60165 filled ✅ CME GAP 4 = $48370 filled ✅ CME GAP 5 = $32930 filled ✅ CME GAP 6 = $35180 Unfilled ❌ CME GAP 7 = $11205 Unfilled ❌ CME GAP 8 = $9665 Unfilled ❌ New CME GAP = $28740 & $35180 Imo this Time $28740 GAP will filled First. So Now Three CME GAP still Unfilled so Which Gap filled first..? CME GAP 6 = $35180 Or CME GAP 7 & GAP 8= $11205 & $9665 Hope you Understand and Learned from My chart. So Please don’t forget to Like and Share.
CME:BTC1!Long
by CryptoPatel
4
Possible “Bottom” Targets Based on Elliott WaveBTC is currently correcting from an ATH of 69,000 in either an ABC zig-zag or a WXY combination wave and I've attempted to find possible bottom targets using Fibonacci clusters based on rules for both zig-zags and combo waves. Two ranges have appeared as a result of this study. First, is the range from 12,500 to 9800 and the second is a range from 4,500-3,400. A key level to watch is 10,800 which is the 1.618 of W where there could either be a bounce to the upside in a WXYXZ pattern or a continuation to the downside in an ABC. High Level Count: CME gaps within the ranges:
COINBASE:BTCUSD
by HelioHelix
BTC CME Gap What is CME Gap? (Chicago Mercantile Exchange) ( CME ) A CME gap is created when the price of Bitcoin opens above or below the previous day's close on the CME exchange. One of the prime reasons for CME gap creation is that CME markets remain closed over the weekend and during a part of the day. Bitcoin, on other spot exchanges, is traded 24×7. Historically, the percentage of CME gaps that get filled is between 60-80%. Hence, using it as an indicator provides you with a degree of accuracy. A review of previous events could shade more light on this claim. There is a possibility of a reversal because the GAPS are filled This is my idea. I have tried my best to bring the best possible outcome to this chart, Do not consider it FINANCIAL ADVICE. This chart is likely to help you in making better trade decisions. I am not a market maker I could be wrong. Everything is on the chart. Thank you
CME:BTC1!Long
by TheCryptoCity
4
Bitcoin Weekly Analysis 📊 #BTCUSD (BTC) 💹 Time Frame : 1W (Log) ➖➖➖➖➖➖➖➖ 🟡 ENGLISH : According to previous analysis, as we said, we needed to wait for the positive reaction to the BULLISH BREAKER BLOCK zone (in the range of $ 14850 to $ 19500) . The price reacted positively to this high-potential range of demand. Note that this upward movement will still need to consolidate and will not be a 100% sign of an uptrend (Bullish Trend) , Because macroeconomic factors show the opposite. With an optimistic view and if the price consolidates above this price range, we can expect growth to eventually reach $ 29,000 and then continue to fall ...! ⚠ This Analysis will be updated!! ➖➖➖➖➖➖➖➖ 👤 Trader_Needs 📅 06.222.2022 ⚠️ (DYOR)
by Trader_Needs
1
BTC Cycle Bottom - Bearish Liquidation Scenario ConsiderationsHi All, I thought I would do a quick post this Sunday night I have been meaning to do for the last week or so to cover the bearish scenarios and max possible bearish scenarios I think may be possible for BTC current thinking is proven incorrect. My current thought process for a potential new cycle bottom for BTC follows my reasoning in the below charts. Will be fun to see how wrong or right this is as we track close to activating the CBI (Cycle Bottom Indicator). The above providing invalid with the LOG support lines and we do not hold the 300W SMA levels; the risk in the market as I see it for Btc is with the significant leveraged positions whales will find it hard to resist not to target. See some FUD on this topic below. fortune.com If liquidation levels are hit, I do expect volatility and may see some COVID / may 2021 price action volatility. This would provide an amazing opportunity for Whales (and the like) to scope up some BTC at high volumes and low slippage on exchanges. However, such volatilities will make it hard to know at what price range the next accumulation range will sit over the short run. For this scenario, BTC will be historically in uncharted waters in terms of where it has been on many metrics in terms of over sold. We have no other inputs at these low levels to go by other the confluence of TA and market structure. The chart in this post looks at market structure, Order Block Support over the Daily (Blue), Weekly (Orange) and Monthly (Orange), and Fixed Range Volume Profile (FRVP) from the COVID bottom, Cycle bottom and our 2017 ATH (All Time High) , and the FIB from the COVID bottom to our Cycle ATH (on the log chart settings for price). I have done this analysis on the BINANCE BTC UTC chart as this has very good volume representation of the market. Key Confluence levels which may hold up as support in a liquidation panic dump are shown in Navy Blue * ~USD$19,798.68 MARKET STRUCTURE SUPORT * ~USD$16,474.49 MARKET STRUCTURE SUPORT * ~USD$13,670 MARKET STRUCTURE SUPORT * ~USD$11,820 MARKET STRUCTURE SUPORT * ~USD$9,157 MAX PAIN - (CME GAP bottom 9630 to 9,157) - MARKET STRUCTURE SUPORT MAX PAIN levels would close the CME GAP at the ~$9,630 levels. GAP Boys from 2020 may finally be happy if big money can push markets down to these levels (would be a crazy ride). See below chart for a supporting post explaining CME BTC Futures GAPS NOTE: FRVP represents the volume of traded BTC for the horizontal price over the selected range. The longer the gray bar, the more volume traded at that price level over the selected range. Price generally respect levels of high FRVP.
by Brodie
CME Future GAPThis chart has been developed for use in supplement posts. CME chart reflects the futures treading for BTC derivatives (see link before for more information). www.cmegroup.com CME Futures allowed a lot of investors money to now short the asset. CME Futures like other 'traditional' assets close their markets over the weekend and operate Monday to Friday (Shown as Thursday to Sunday corresponding to my Time Frame in Australia). A 'CME GAP' for the purposes of this post refers to the 'GAP' which often forms with the Friday close and Monday open price of CME Futures, due to BTC (like other cryptocurrencies) continuing to trade over the weekend. 'Big Money' in Futures Markets are 'Speculated' to drive the BTC price to cover positions when big gaps form at the Monday Close. In this post, we referee to a GAP being closed when the price of BTC drops through the gap price, allowing these positions to be 'closed' at break even if large short positions have been created and the price rises. See below Legend with reference with this chart: * Red Rectangle: CME GAP yet to be closed * Yellow Rectangle: CME GAP partially closed * Green Rectangle: CME GAP closed Historically, since CME BTC Futures began operations around the time of BTC 2017 bull top in in December 2017, all CME GAPs have been close. This has held true up until the 2021 Bull run where CME gaps post July have left many only partially filled and some open. The questions now as BTC searches for a new bottom and big money are hunting over leveraged positions and pools of liquidity is will these gaps have their day and fully fill or will btc leave these gaps partially filled for ever and we will not see BTC at these prices again? Significant CME gap close prices awaiting to be closed: * July 2020 - ~USD$9,615 * October 2020 ~USD$11,110 * October 2020 ~USD$11,110 * November 2020 ~USD$16,925 * December 2020 ~USD$18,020
CME:BTC1!
by Brodie
CME gap 9 may 2022Hello friends. are you okay? thanks god... because crypto market open green in monday we can still see it bullish for mid time. and we have some factors that show this opinion and strenghen our analyze lets look at them : 1-we can see two important levels of fibo retracement around CME gap. these levels are 38.2% and 61.8%. so we have an overlap area here. 2-we have a gap in CME from 9 may 2022. because of weak momentum market couldnt fill it until now. but if we breakout this pattern that i illustrate in chart we can fill it! 3-we have an old trendline that can be act as an resistance level there. 4-moving average 55 is here just around levels that cme gap occured. 5-and in the end i see increase in volumes in lower levels of this pattern and it could be showing that we have good supports in this levels. . . . dont forget to manage your capital and risk. . . . if you take a trade you must set a good stoploss. (NOTE!!! this article is my own opinion and its not a trade advice. please tarde on your own opinion and use others opinion to improve your analyze.) . . . so i will do that.please support me and i wish use your experience and you can help me to improve my abilities. thank you all.have good days.
CME:BTC1!Long
by TraderAmin-KZ