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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.
CME:BTC1!
by Thushsc
3
BTC down when Amazon denies BTC paymentsAs we didn't expect - the rumours about BTC payments pulled BTC price higher than H1 downtrend channel. As we expected than - a good bounce from the resistance of 40500 - 40000 to the level of 37000 - 36500. The price now is about 37000 and we should share our trading ideas with you. The main thing is that we are still in a major sideway correction. It is on the way, and we can see the real efforts to brake the downtrend and move up again (but not now). There still was no real downtrend correction, as you can see it in the chart. Probably BTC can move higher, but not so high as the Binance squizze (LOL). Please also mention that now we have a HUGE GAP on 34550 - 32450 that can be closed in this week. So we are again looking for a good SHORT position and will keep in touch with more good ideas from Scalper Season Team. If BTC will be stable for few days higher than 42000 - 41000, than we can expect it above 57000 - 55000.
Short
by Scalper_Season
4
CME Gaps explained - Sunday night suckersI've been exploring CME Gaps for sometime. Here in this chart I go through several of the most outstanding gaps left in the BTC market. Tonight was a wonderful example of how CME Gaps can lead you astray. Generally speaking, CME Gaps are filled relatively quickly, and or the gap price hovers closely over the weekend, so the fill almost goes unnoticed. This weekend however, went differently (so far), but not so differently if you look into the past. There is in general gap theory on all charts, but BTC holds many peoples close attention. The last time the CME gap was this large, it slowly but surely filled that gap methodically. Once market makers saw this opportunity (imo), there was an explosive run away gap scenario to take advantage of. Many retail traders observed an opportunity to short once CME began trading again, this is generally not a poor strategy. However, other market makers saw an opportunity to grab liquidity, and they have thus far. Which other major CME Gap will fill first $49K or $23K? Or alternatively, fill the newly existing CME Gap and remain range bound for another month or so?
CME:BTC1!
by DestinyJV
3
Interesting confluence for BTC around $23.8K Fib + CME GapRecently found some interesting confluence around $23.8K for BTC. If you like this let me know, or why you disagree. The entire Global Fib "Golden Pocket" from Bitstamp, happens to overlap with the largest remaining CME Gap yet to be filled from Dec 2020. Fib extension from the very top has a 2:2 smack in the middle of the overlap, as well as a 1:1 Fib extension from the local price action. Will we reach this level before rising back into a full bull market? Personally, I believe we will.
BITSTAMP:BTCUSD
by DestinyJV
4
Bitcoin Wyckoff Accumulation Change to schematic #2In contradiction to what I was saying in my previous analyses Bitcoin made a pump last night after finding support on the golden pocket level of a fibonacci trend-based extension (.618- .66) and creating a low at the 1.618 of a trend based fib extension *. Due to this pump I think that it is less likely that the bitcoin price will have a spring, therefore, I changed my price predictions more towards the second accumulation schematic of wyckoff instead of the first one. When this hold the ultimate low will be created on Monday/Tuesday after this we would see increase to test and flip previous resistance levels into support. At the moment of writing the price is trying to reclaim the 36k, which in my opinion is not very likely at this point. If the prices gets rejected at the 36 a small downside move is more likely to happen, this also te prevent the creation of a large weekend gap on CME (which, most of the time, need to be filled before we can move any higher). If (4) holds in the schematic an increase to the .786 of the first wave can be seen. However keep in mind that there is potentially some more downside and that (4) can be extended to the golden pocket where (5) and (2) also held support or in the worst case scenario to the .786 at ~33,100. * The chart below shows the 1.618
BITFINEX:BTCUSD
by DaanVerbeek
6
BTC CME Gap at 60.3k!Here's a quick look at BTC CME 4 hr Chart. As we can see, we have unfilled CME gaps at different price ranges. These gaps Tends to get filled very often. Tho there's no specific timeline for when they'll get filled. Right now there's a gap at 54.3k And it makes sense for the market makers to push the price down again to fill the gap as the price is already close to that price range. Also we've now got a gap at 60.3k which obviously mean that the market makers now also needs to push the price back up to 60k to close the gap there. A 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.” Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
CME:BTC1!
by MBM_Crypto
Bitcoin Dump creates HUGE CME Futures Gap to the UPSIDE! (BTC1!)BTC1! CME GAP 📉 The CME Futures currently has created a gap due to the dumpage experienced last night. (60165-51370, BTC is currently at 55,550) Taking into account that BTCUSD fell out of a rising wedge (Red) the technical target would be in the 45k area.. However seeing that there was a PERFECT bounce off of the bottom this ascending channel coupled with the fact that a major CME Futures gapwas created to the upside, the target of the falling wedge does not necessarily mean it has to be met. Bitcoin price hit 51,500 area (Bitstamp). Perfectly testing the bottom of the ascending channel that Bitcoin price action has been in for the past 69 days. Now lets take an in depth look at BTC, first from an Eagle Eye perspective. This Weekly chart shows Bitcoin trend for the past 8 years weaving in and out of these Fibonacci channels. If you look close you can see the important of these Fib channels as Support and Resistance throughout BTC history. As you can see as we zoom in to take a closer look, Bitcoin has been testing the .786 Fib channel for 9 weeks now. Slowly making higher highs, while at the same time being rejected from the .786 Fib trend-line each time BTC created a new ATH (3x). With the last rejection coming from 65K. Taking a look at the 3 day chart, we can see that No Major trend-lines have been broken by yesterdays price action. Both the longer term (blue) ascending channel that started in the 10k region, And the shorter term (yellow) channel are still intact. Now a bit on the bearish perspective. Today's Weekly close will be very important, and will likely determine the direction that Bitcoin will follow for the next weeks/months BTC needs to close above the 55K level at very least to regain its bullish momentum. A close below 55k could lead to retest of lower support zones Keep in mind that we have not had a retst of the 21 Weekly averages since we broke 10k. During the 2015-2017 Bullrun Bitcoin retested and closed weekly candles above these moving averages about 7 times This was the way we knew that we were still in a bullrun! 38k-43k has ALOT of support to offer Bitcoin in case of a deeper pullback in my opinion. Looking at this chart we can see ALOT of confluent factors for SOLID support for Bitcoin in the 40k area. 21 Weekly EMA (43.5k, Orange) 21 Weekly MA (41.3K, Blue) .618 Fibonacci Channel (Yellow diagonal) Previous ATH (42K) 5 weeks of resistance between 38k-40k (Support Zone) Weekly RSI is still in bullish @ 65 Weekly MACD is not looking the greatest and could possibly cross bearish in the next week depending on price action. But Bitcoin pumping from these levels could change the structure of the MACD. Histogram does show downward momentum, but is still positve This could very well be a shakeout of weak hands on Weekend Volume. Or it could be the beginning of a deeper retrace to the 40K levels. Either way I DO NOT believe this bullrun is over by any means! Stay tuned for more updates as price action develops. I hope that you have enjoyed my analysis I will update later tonight after the Weekly close! Please dont forget to hit the like button and consider Following me for more in depth updates on BTC and Altcoins! Thank you Very Much for your Support! -Cryptonacci
BITSTAMP:BTCUSD
by XCryptonacciX
2