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Cmegaps

CME Bear Flag|Open Gap|Volume Climax| Oversold Bounce Evening Traders, Today’s TA will be based on an oversold bounce play being imminent due to the immense selling over the weekend that has left the CME Futures with a 10% Gap. Points to consider, - CME bear flag confirmed - Local support at .618 Fibonacci - Huge open Gap (Technical Gap at $7690 open) - RSI and stochastics overextended - Volume node climax evident The CME Futures gaps aren’t to be taken lightly as historically it has proven to be significant with consecutive fills. The bear flag has been confirmed with a Gap open due to spot market trading over the weekend. Local support is found at the .618 Fibonacci, a break below this support will increase the probability of filling an open technical gap situated at around $7690.00 – fulfilling the gap prophecy once again. The RSI and stochastics are over extended; sellers have been in full control with no convincing bounce cooling off oscillators. Volume climax is evident; this is the first sign of potential seller exhaustion after heavy selling. Overall in my opinion, Gaps historically tend to fill sooner rather than later. Oscillators have been over extended due to immense selling – increasing the probability of an oversold bounce. We have entered bear territory as of now. What are your thoughts? Please leave a like and comment, And remember, “Once you find the system that works for your style/personality and confidence is gained, wash, rinse, repeat over and over again.” – Sunrisetrader
CME:BTC1!Long
by AzizKhanZamani
4
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!
CME:BTC1!Short
by EtherMinerLSO
BTC $950 CME Futures Gap| Correction Imminent| BTC Local TopHello Traders! What goes up… Must come down! Today’s update will be on Bitcoin in comparison with the CME futures Chart, a massive $950.00 Gap that with a high degree of probability, will get filled. Is this the local top for Bitcoin?, we have a handful of indicators that point towards that… Points to consider, - Trend highly overextended - Local Support at .50 Fibonacci (.382 on the CME futures chart) - Structural resistance being rested - Stochastics in upper region - RSI in overbought territory - EMA’s yet to meet price - Volume influx is very high Bitcoins impulse move continues to be overextended in a parabolic manner, with indicators way overextended; we need a healthy correction at some point. Price was initially met with high selling pressure at local top, signalling a volume climax. Local support is found at the .50 Fibonacci level, a retracement to the level will close the CME futures gap (.382 Fib Retracement), where price is likely to hold support at this area due to market structure, previous resistance turned into support. Major structural resistance is currently being tested, it is in confluence with downs sloping resistance, the consecutive lower highs. This is a very critical area in the trend, if broken, will change the overall market structure for Bitcoin. The stochastics are currently in the upper regions for both charts, this signals that there is a lot of stored momentum to the downside if price was to correct. We don’t really have a clear direction from the Stochastics as it can stay over extended for a long period of time. The RSI is quite interesting however, it is in highly overbought territory, last time we tested these areas, Bitcoin experienced a huge correction over 20%... EMA’s however are yet to meet price, we need it to hold support at the .50 Fibonacci level if price where to retrace from local highs, the will validate support and in confluence close the open gap on the CME futures chart (.328 Fibonacci level). The VPVR on the CME futures chart indicates that there is very little volume of transactions between structural resistance and the .382 Fibonacci level (close of gap). This signals that the VPVR will pose very little resistance if price was to start a healthy pull back. The volume is way above average, signalling buying climax that ran into strong selling pressure, hence the massive wick as bullish pressure got exhausted… In other words, sellers are very strong in upper regions, putting more emphasis on a correction. Overall, IMO, BTC is likely to be topping out, we may see a final impulse move up, but that will just make the trend even more unsustainable. A correction back to the $8,800 mark (.50 and .382 Fibonacci levels), is highly probable, as this will fill the CME futures gap. This will also be very healthy for the price and will cool of the overextended indicators. What are your thoughts on BTC and the futures gap? Please leave a like and comment, And remember, “The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money every day, as though they were working for regular wages.” – Jesse Livermore
BITFINEX:BTCUSDShort
by AzizKhanZamani
#BITCOIN has broken the TRENDLINE. #BTC $BTCBitcoin has broken the TRENDLINE today that we have since the beginning of the run up. I think over the comming month we can see a correction to the boxes below. Targets are: $8500 & $7400 : In this range we have CME gaps that needs to fill. If the gaps are filled is there a possibility that we can see slowly grind up again. Also a box for a retest of previous tops and downs. Or we are on a way to test lower. DONT FORGET. Halvening minus 300 days away. Be happy that Bitcoin is getting cheaper. In the future you are not getting this chances to get so cheap BTC!!! Another target $6200 & $5800: This region is a way way back. That is for sure. But its not bad to retest that region because we are pumped through it with no test back. It will also be very great for alts that bitcoin needs to cooldown. ALTS up for grinding new money and them BOOM fresh money for buying BITCOIN. So be positive about dumps guys. EVERY SATOSHI is a investment for the future that can make you RICH ( or not :P ) Goodluck! This idea wil be up to date
BITMEX:BTCUSD.PShort
by Mikki0416