CME gap fill?Could be.
Haven't seen one in quite a long time.
Would make sense considering the record open interest heading into last Friday.
We'll see :)
Cmegap
BTC and the CME Futures GAPBe aware that every weekend the CME is closed and any futures GAPS must be filled the following monday at or before 7:30. Take advantage of these price swings as they can be excellent bumps in your trading and/or great entry points for a good long
Ethereum ST (February 1st 2021)Ethereum/USD (February 1st 2021 through March 2021)
Low: $1,302
High: $3,302
Wanted to come up on another update for Ethereum before the big Chicago Mercantile Exchange futures launches on February 8th.
I think 5 important short term future levels to watch for could be $1,570, $1,901, $2,436, and $2,971-$3,302. I specifically want to see bearish reactions off of those levels, the 1.27 could be important too but maybe not as important as these other fibonacci levels.
I think with the introduction of CME futures for Ethereum, price could get extremely volatile. It may get a glorious pump but it may end in terrible devastation too. Bitcoin's CME futures launch was January 13th 2020, and Bitcoin managed to pump up to mid-February before it took another month to crash. But at that time, things were fundamentally different and Bitcoin had already been in a months-long major downtrend. Ethereum could still be in a major uptrend but if this crash I've been theorizing about comes, it could be far worse than March 2020.
There could be some decent volatility this week before it really starts pumping, but when it gets going it will probably be insane. If a real crash happens after, we could see prices back under $600 for sure. This will be very unpopular, but in my opinion, Ethereum could go back under $100 by the time the bear is done. For now, the market euphoria may only increase more and more.
The red box is my predicted range for Cindicator forecasting this week.
Related ideas attached below:
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
BTC! CME Futures - when are going to close the gap?What Is a Gap?
A gap is an area discontinuity in a security's chart where its price either rises or falls from the previous day’s close with no trading occurring in between. Gaps are common when news causes market fundamentals to change during hours when markets are typically closed, for instance an earnings call after-hours.
KEY TAKEAWAYS
-A gap is a discontinuous space in the price chart of an asset or security, often occurring between trading hours.
-There four different types of gaps – Common Gaps, Breakaway Gaps, Runaway Gaps, and Exhaustion Gaps - each with its own signal to traders.
-Gaps are easy to spot, but determining the type of gap is much harder to figure out.
What Does A Gap Tell You?
Gaps typically occur when a piece of news or an event causes a flood of buyers or sellers into the security. It results in the price opening significantly higher or lower than the previous day’s closing price. Depending on the kind of gap, it could indicate either the start of a new trend or a reversal of a previous trend.
Gapping occurs when the price of a security or asset opens well above or below the previous day’s close with no trading activity in between. Partial gapping occurs when the opening price is higher or lower than the previous day’s close but within the previous day’s price range. Full gapping occurs when the open is outside of the previous day’s range. Gapping, especially a full gap, shows a strong shift in sentiment occurred overnight.
Gap Filling Below ? BTC/USD #cmegap #bitcoin $BTC #cryptoWe see here Bitcoin is sitting at a level where it must soon make a decision. Up or down ? But remember we have a CME Gap below us near
9670 . It is thought these usually fill sooner rather than later before a continuation upwards - and I expect a continuation upwards maybe by Halloween . I will link my 2 ideas previous on this subject below . So I believe we will see a slight breakdown in the next few days probably to 96xx level where that red Bullseye is on my chart above , though it can always spike a bit lower . I'm still bullish for upside after that . But we may gap fill first to 96xx .
BTC/USD: Bitcoin's Bear Flag PatternIf you like this analysis, please make sure to like the post!
I would also appreciate it if you could leave a comment below with some original insight.
Analysis
- Bitcoin has dropped a whopping 18% from local high regions
- Below the 0.236 Fibonacci retracement resistance, it is currently distributing once again
- 10.5k was important support for bulls to secure, and has now turned to a zone of resistance
- While prices are temporarily forming higher lows and higher highs, it is forming a bearish flag pattern
- As we have been rejected by the resistance several times, it's more probable that a breakdown takes place
- Should Bitcoin break down from the current ascending parallel channel, it would fill the major CME Futures gap at 9.6k
- The Moving Average Convergence Divergence (MACD) also demonstrates potentiality of a death cross, with diminishing bullish histograms
- This demonstrates that there is a lack of bullish momentum to drive prices through resistance
Conclusion
It's important to realize that current levels are not optimal for opening new short or long positions. We are looking at a short term bearish trend, within a long term bullish trend. Given the current situation, it is suggested that:
a) traders look for opportunities to capitalize on altcoins
b) dollar cost average spot Bitcoin for the mid-long term
Don't predict the market. Take it by levels, and play by probabilities.
- Michael Wang-
$9600 (cme) or $10620 (cme) first? (PLACE YOUR BETS)-Yurlo (Please give this TA a thumbs up for the visuals created here)
Recent weekends CME just closed at (10620), while the breakout CME at (9600) hasn't been tapped since we broke above (10000) well over a month ago.
I'm placing my bets on $9600 to be tapped before $10620.
Why:
#1: Bears aren't close to reaching an exhaustion phase (every time bulls try to spook bears it gets pushed back down to prior levels)
#2: We've been seeing lower highs & every pump is being sold. (bearish)
Lose $9950 & $9600 will happen quite fast, hold $10000 & the s/r will flip.
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 !
BTC Trend Line Support and CME Gap1. CME Gap @ 9660-9925. We have entered the gap zone, so we should we should continue to drop until it is closed at 9660.
2. Trend line resistance from 2019/2020 highs was broken through on our way to 12k. I believe this will be the proper retest as support we need to move onto to higher price levels. You have to establish a floor (support) before you can climb to the ceiling (resistance).
3. 9650 is a resistance zone from the accumulation we experienced from May-July 2020. This would be a nice retest as support before we continue up.
4. Lastly, and this is more of a longer time period analysis, after the halving the price pumps pretty hard. I wouldn't see Bitcoin reaching pre-halving lows of 6000-8000. If we break under the TL support and CME gap, the next high time-frame support is around 8k...
IM BUYING 9650 CME GAP (then we can proceed with this bull run)-Yurlo
After spending a few hours following price action I've decided to close my long with profits. I was thinking that we would see 11050, and we still might but I'd rather wait until my CME target gets tapped (I'll use this as a confirmation signal to long), Thats when I'll be scaling into a position. It's possible we even retest 9k, if we go lower then 9k I'm shorting to 6350.
Otherwise I'll be buying the FUCK out of 9650.
I was trying to force a long position and still got out in profits, but we haven't even filled the CME gap so I'm going to remain patient here and stick to my plan in regards ro the CME gap.
The market has flipped from extreme greed to extreme fear in less than a week.
Lose 10150 & I'm sure the CME GAP will be filled within 24 hours or 5 minutes of that depending on the volatility and how the market is behaving in terms of price action.
I'm low leveraged short, with a target, and s/l.
I'm going to enjoy my friday night and have a few beers, enjoy your weekend.
Apart of being a trader is adjusting and really making sure you're factoring in ALL area's and not blindly making a trade.
I'm fine with the market pumping over the weekend, but don't be surprised if we crash on Labour day long weekend (fuckery szn)
BOUNCE OFF 200 DAY MA - RETESTING 100 DAY MA (11055)-Yurlo
Please give this post a thumbs up if you appreciate the visuals I've been posting for you guys on a daily basis, which in most cases i've been right so if you've listened you would of been making money.
Reasons why I'm long:
#1 We wicked below 10k and wicked right back up to the area we first dropped from.
#2: We've bounced off the 200 DAY Moving Average which for me is an indication that it's likely bulls will start to accumulate this area in order to reach the 100 DAY Moving Average which is located at the 11055 level.
#3: We broke a HISTORICAL RESISTANCE not long ago, and now we're retesting that zone which is VERY AND COMPLETELY HEALTHY for an upcoming bull run continuation.
#4: We we're above 10500 for OVER A MONTH (4 weekly closes in a row above this level, there's now a TON of liquidity above the 11.7k region because of the recent price action. Whales dump the price on retail to confuse them, but also to fill their bags at the proper "buy the dip" level which most retail traders get scared and start to think short when we already dropped 2.5k since the 12500 top.
#5: The world is wanting to fill 9600 CME GAP, will that happen? Probably, but I'm sure with a BTC twist.
#6: Because i said to
Invalidation for this trade:
Below the 200 day moving average.
REMEMBER: This is the 12 hour chart, and things take time to start rolling.
I'm in a swing trade here, and I'll see you at 11055 if I'm correct on my current technical analysis.
I'VE MADE A PLAN AND NOW I TRADE THE PLAN, NO WEAK HANDS HERE.
Best of luck boys, let's make some fucking money shall we?
The CME gap is a Fata morgana!CME gaps are a fata morgana. They are nothing but coincidence.
This chart shows the price development of $BTC over the past 12 months. Show me a price that was paid on any day of any week (not just between Friday and Monday) and NOT any more after that.
There is only 1: the March low of $ 3700.
Every price is very often paid until an asset moves up or down into new price dimensions. This phenomenon is not entirely new. In the literature it is not referred to as the "CME gap"; the technical term is rather volatility.
Those who do not understand this principle probably also believe that the sight of a chimney sweep brings good luck if they quickly grasp the button of their trousers and if they want to know what the weather will be like tomorrow they check the centenary farmers calendar. Followers of the CME gap theory are at high risk of falling into the en.wikipedia.org
Just kidding, guys. Take care of yourself and your loved ones! Love & peace to you all.
LOCAL BOTTOM IS IN (10150 holding nicely, bounce to 10950)-Yurlo (Please give this visual a LIKE if you enjoy the technical analysis shared on a regular basis to help you guys learn & make $)
Daily conclusions after the drop:
#1: We've retested MAJOR support area's, and have bounced back above 10k and seem to have stabilized.
#2: Nothing goes straight up or down, and yes we still have the 9600 CME gap to fill but I feel we have more up to do since we've seen a 2.5k drop since the top (12.5k), so if 10165 holds as support I don't see why we won't get a leg up to retest some of those levels (around 11000)
#3: There's a TON of liquidity above 10500 with high leveraged players & markets want to make as MUCH money as possible on every move. how would the markets do that? They can clear out leveraged shorts around 10750 - 11250 (maybe room for fluctuation) before heading to fill the CME gap at 9600 which 99% of gaps get filled at some point.
#4: Whales won't let weak hands make money on the next move up above 12.5k, so they'll go sideways, dump on you, and make you believe things are bearish to confuse you before turning the other way.
#5: I am a bull at mf heart and i see a beautiful trade setup here, the r/r never lies.
#6: x1 is around 10697, which is the resistance of prior candle.
#7 because i said so
Invalidation point:
9975 & this would mean I jumped the gun and should have waited for CME gap to fill.
The R/R is too nice to ignore here...
Remember, tomorrow is Friday and fuckery always takes place on weekends because of the lack of liquidity.
Trade your plan, and plan your trade.
Goodnight folks.
PERFECT TIME TO FILL THE CME GAP (9600) - (AOI #1 hit liquidity)-Yurlo (Please give this post a thumbs up if you like the visuals) 👍
CME gap at 9600 has not been tapped since the 10k break (which we stayed above for well over a month) It only makes sense for whales to shake out the lose hands before the next massive green dildo into mars.
In order to be like a whale in the future - you have to psychologically try to think the same as one in regards to what YOU'D to if you could move the market to get rid of weak hands.
Below 10k is when panic and true chaos will start and I'm honestly excited.
LET THE CHAOS FUN START BOYS.
I'll see you at 9600.
BTC/USD: Parabolic rise must cool downIt's true that bull markets can take you by surprise and be irrational for longer than you expect. But it's also true that parabolas don't last forever.
This rise to 11.4k was parabolic. Bitcoin got more overbought on the daily, by my own calculations, than at any time since April 2019. The last time it hit these levels before that was Oct 2017, and only for one day each time.
So (it seems to me) one of two things must happen, on a daily timescale:
1. A retrace to some kind of support level, like the local ones highlighted in green on the chart, or at least the 0.382 or (much) better the 0.5/0.618 Fib retracements, and then continuation. I just don't think the quick touch of 10575 is enough. I could be wrong.
2. A sideways corrective pattern for a few days, like a flag but not necessarily that obvious, during which we get a daily oversold signal (probably just one) on my Price Action Trend | Simple indicator.
I'm totally bullish on Bitcoin and will long the heck out of either of these two when they occur.
Let's not forget there's also the CME gap, highlighted in yellow on the chart. Note that while I believe it's overwhelmingly likely that this will fill on the BTC1! chart, a spike down there wouldn't necessarily match the price on other exchanges, so you can't translate the exact levels.
Finally, since everyone and his dog are now bullish, we can't rule out a good old-fashioned stop-hunt.
#notadvice
Trade safe, everyone.
Bitcoin | Triangle Breakout & Hash Ribbon "Buy Signal" ..!!BTC (Update)
In HTF, Triangle Upside Breakout Done After 955 Days Consolidation..!!
At the Moment, Bitcoin Bulls in Full Control & Holding the 11k Support But Still Bulls Need More Strength to Clear the Resistance ( 12,8k Area)
I'm Expecting Bullish Rally towards the 20000 in Midterm (Bitcoin Might Follow #GOLD)
Bitcoin Hash Ribbon "Buy Signal)
Bitcoin Price has Increased Almost 32% So far after Hash Ribbon BUY SIGNAL 📈
Hash Ribbon Indicator Work Perfectly As It Did in Past..
CME Futures Unfilled gaps..!!
On the Other Hand, Another Bitcoin CME futures gap Opened at 11350.
Last Week (27th July), CME gap Opened at 9645 (Unfilled)
Sooner or later gaps get filled 😊
Bitcoin Fear and Greed Index is 80 - Extreme Greed 🤑
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Thanks for Your Love & Support..!!
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.
