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BMC1! trade ideas

CME Gaps: Don't Ignore Them... How often have you heard this term “CME gap” on Twitter, Reddit and other social media platforms. People usually refer to CME gaps during and after the weekends. “There is a CME gap at $9800”, “Bitcoin is about to make a huge gap on the CME chart”, “gap has been filled” and so on. What is CME CME stands for Chicago Mercantile Exchange. It is the world’s largest financial derivatives exchange. This futures platform allows one to trade variety of asset classes like: agricultural products, energy, stock indices, fiat currencies, interest rates, real estates, metals and even they have futures trading options for weather. What is a GAP To put it plainly; A gap is simply an area on a chart that has no trades. It is basically an empty space between the close and open price of an asset. You can see the current gap just filled down at 19k-20k last week. CME Bitcoin futures gap: Bitcoin (BTC) is being traded 24/7 on majority of crypto exchanges, but not on CME. Bitcoin does not trade during weekends on CME and this causes gap on CME chart once the trading resumes on the platform. The CME gap on Bitcoin typically occurs when the price of Bitcoin moves after the CME futures market is closed. Once CME opens; the trade on CME resumes at the same price as other Bitcoin exchanges thus creating a gap on the CME chart. Why do they fill? Price gaps getting filled is not just a CME phenomenon and is not just a Bitcoin thing. It’s a common occurrence that can also be seen quite regularly within stock and traditional markets. In most cases the price tend to fill the gaps and due to this many technical analysts consider gaps when doing price analysis. But why do they fill? In physics there is a famous saying: “Nature abhors a vacuum“. This idiom is used to express the idea that any unfilled, empty spaces are unnatural and goes against the laws of physics and nature. This is based on Aristotle’s observation. Nature contains no vacuums because the denser surrounding material continuum would immediately fill the rarity of an incipient void. Could this possibly be the reason why the gaps are getting filled? Well, there are several different theories regarding this but the fact is no one exactly knows why gaps fill. Trading based on BTC gaps Although CME accounts for a large portion of BTC traded volume, the price of Bitcoin does not necessarily gravitate towards CME gaps. There are so many other factors such as Volume, momentum, buy / sell pressure, technical structures, support / resistance and many more.Traders consider gaps as an interesting marker on a chart. But they don’t necessarily trade on as they are not always a reliable indicator. They have high hit rate and so using them on your technical analysis will help you position yourself on the right side of the trade. However taking a trade solely based on this one factor is a wrong move. Trading gaps seems like an easy strategy but the risks are high and in most cases you’ll be on the losing side. So do not risk your trade account with just this one strategy. Use proper risk management, set stop losses and be sure to trade safe. Apart from this there are other types of gaps which traders use in their technical analysis like for example: Liquidity gap, Breakaway, Balanced price range, Fair Value gap and so on... I have located all the 'Unfilled' CME BTC gaps in the chart...
CME:BTC1!
by TraderE9
3
CME GAPS: An UpdateWell in a short space of time, BTC has arrived at yet another CME GAP. Price is currently hanging around inside of this gap and awaiting its next move. This update features all GAPS that are currently available and Unfilled... You can notice how price action has almost 'hunted' for these gaps in the past. Current unfilled gaps: SUPPLY: -34455 - 35180 - Clean gap DEMAND: -27320 - 27155 - Clean gap -21110 - 19965 - *Reversal gap Other possible 'lowball' CME Demand gaps: -16895 - 16955 -11225 - 11005 -9735 - 9850 - *Partially filled
CME:BTC1!
by TraderE9
1
$BTC pretty much fills gap, what now?Last time we're showing the Inverse Head & Shoulder for $BTC. - The Neckline shall serve as support from here on in. IMO this has to be the end of the bear. We called it a lil early, mid February, but it looked like it then & it's confirmed now. Weekly chart is amazing. - Back to daily. #BTC is getting oversold on daily as we close in on the gap fill, top dotted line, 29kish. This 29k level is going to be TOUGH IMO. Likely some sort of pullback here & may take some time to break through, IMO eventual. Then we have some resistance at 32kish and then mid 30k's. How high can we go this year? Who knows. We'll play it by ear. Dec 2020 to Jun 2022 is the best way to see major & minor resistance levels. Let's go #Bitcoin! #cryptotrading #cryptocurrency #crypto
CME:BTC1!
by ROYAL_OAK_INC
BTC will see again 20KBesides technical indicators as you can see on this BTC futures on CME there's a price gap between 20360 and 21095 USDT. So far every previous gap has been filled again so I expect this one to be filled too. On the other side DXY looks bullish: If the trend remains the same BTC will likely see a correction. Personal opinion: I think we still have to experience the effects of a real recession due to global inflation so I think that the real bottom is not in even though charts looks to have bottomed. Good luck
CME:BTC1!Short
by Shotokhan
BTC SHORT, BEAR'S LAST STANDA lot of resistance at ~24.5k, coming from a long-term channel since the ATH, and the local high of ~25k in mid-Aug. Shorting given a recent decline in volume and OI slightly declining at these prices. . However, upon doing so one must consider the bull/bear case that may play out. BULL : Nov. 15k was the bottom, and we may either be in a new bull market cycle or still within a bull market that started in 2018 on the way to 100k by EOY. For this to be the case, we must hold ~18.5k-19k, with no daily closes below it, and allow a re-entry, followed by a smash over 25k. Once done, bears have a final stand of ~27k which currently follows the 12-month MA on the BTC spot index chart. If we close above the 52-week MA, the bear market is over. VWAP lines represent areas of resistance if the bull case plays out. There is some evidence of a parabolic move possibly playing out thanks to TechDev_52's tweet of a correlation between BTC and Global Liquidity (CN10Y/DXY) where "Every ATH-setting move began after CN10Y/DXY closed above its 3W 20MA" with every "major impulse topped *at most* 12 months later". So, at worst a parabolic run could come by to stop by Nov. 2023 Failure with that brings the bear case... BEAR : Bottom not in given macro conditions and projections on SP500, which could be correlated with BTC. 24k strong resistance, we correct past the CME gap at 20k, play around with 19k followed by a sudden close under it, which can bring us to 14k, maybe even 12.5k. There is a minor "NEUTRAL" case where a double bottom could form ~14.5-15k, where we do get a bull re-entry as noted on the chart, break 25k, and then get slapped hard at 27k-34k, all the way back down to 24k followed by 14-16k, and then trigger another bull re-entry similar to how 2019-2020 played out or even back in 2015 that had a double bottom. I was wrong on the last BTC trade as the trend changed on Jan. 12th following a possible short-term regime change around EOY 2022, be it market participants entering back in after selling off in Q4 for tax reasons, macro liquidity flows, etc. Overall, I think we'll range for a while between 27k-14k, followed by another explosive move on the low end of that range toward 30k. I don't know how long, maybe months. Trades: Short E: 23.1k SL: 26k TP:20k, 18k, 15k (likely close), 12.5k Long E:20k SL:17.8k TP:25k, 27k, 32k SPY SPY short has not changed. I could see SPY targeting ~420 and then starting a new downtrend, SL adjusted a bit higher to 427. I will say at these prices, both BTC and SPY have growing voices of bears and bulls. A lot of long hedgers at $SPY since the Oct. and late Dec. bottom, and on late Dec. for BTC. Break those levels and we're in for extreme fear. Q1 2023 volatility could still spike if geopolitics play out concerning control over oil in the middle east/eastern Europe if EV infrastructure is proven incapable of sustaining itself at scale by 2030.
CME:BTC1!Short
by linebands
Bitcoin AFTER THE STORM, COMES THE SUNIncredible resistance at the 25200 area showing strong sell pressure. Some narratives that are taking place right now : -CME gap filled from Jan 13. Although not always true, many traders have the belief CME gaps are always filled and the narratives in the media are used to reach to those gaps. We just filled the 19500 gap. -Fud and fud everywhere with Silvergate, Binance Fud, sillicon valley, kucoin, gemini ,etc... -Interests rates are going up, Capital gain taxes proposal from 20% to 40% by Biden, unemployment rates going up etc... ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 1) Is the correction over? -No one knows that for sure, I am not a magician. However, We should be close to being over and things should be settling soon. 2) Whats next week prediction ? -The storm is still not done, however, it should be close to being over. In other words, expect volatility and maybe a drop lower. Alts are still not done correcting and could be going up soon. Soon we will have more opportunities for longs and spot long term positions. "AFTER THE STORM, COMES THE SUN" Once the storm settles bulls will come out and start longing. I believe that after this dip we should be reclaiming 25k area and higher. ***DIPS ARE BUY BUYING .*
CME:BTC1!
by CryptoGao1
6
$BTC did it!#Bitcoin is off to the races. Some time ago we called the bottom & #BTC bear done. However, we noticed that the RSI was weak. We were wrong and right. Right in the sense that there were MANY signs that it was over but wrong as RSI was not there. PREMATURE call that ended up being right. :) Yesterday we mentioned that we need volume & a confirm today, WE GOT IT. We may get a breather around 27kish and the eventual GAP fill sub 29k. #Altcoins are moving but most are not performing anywhere near as well as big daddy $BTC has in the last few days. This tends to be the norm though. We lessened positions when BTC crossed over 24k, that was a problematic area. We went full long again between Thursday and Friday. It's paying off nicely. Worst is most likely over. What would SEAL the deal is WEEKLY close. (monthly would be ice on the cake) Let's GO!
CME:BTC1!
by ROYAL_OAK_INC
BTC Future Movements In Coming DaysAs I Told You That BTC Must Need To Touch Around Reversal Zones To Move Back To Track which eventually happen in daily time frame, No big rocket science in been applied hear. Now If BTC Touch The TP1 or TP2 I am seeing BTC To Move Back to 60k to 75k within this year. & if BTC went back to 15k again than you might expect BTC into 13k to 7k Zone. Now, In short term perspective BTC must soon or later 100% touches 18K to 19K Zone again in coming days.
CME:BTC1!
by fahadaneeb
BTC is at make or break area$BTC had a MONSTER rally today. Was expecting some sort of bounce, why we bought Friday, but not a move like we got today. This was AMAZING & to top it off it was accompanies by VOLUME. Today wasn't the heaviest of days but VERY GOOD & more than good enough. If it is going to BREAK the bear it must do it SOON, fast. Like how #BTC is holding atm. RSI broke downtrend. Lots of good things for #bitcoin atm. What we need to keep it going is another GOOD VOLUME BUYING day. #ETH looks very GOOD. Bonues: To make things better Jim Cramer is saying to sell. If there is a contrarian indicator it is him :D
CME:BTC1!
by ROYAL_OAK_INC