The CL1 chart in 2h shows us a strong bearish expectation to reach $ 64 or -2.62% in the coming days by respecting the resistance of $ 66, in addition to having a strong need to go down due to the previous lows formed on March 10 But we must be aware of the possible linear trend that can be formed as the graph shows us In addition, we can also see that the RSI...
The CME has formed a weekly bearish engulfing candle if price don't go above this level until Friday's close. A weekly bearish engulfing candle almost always indicates a change of trend downwards. Maybe the CME gaps will be filled as greater than 90% have been historically filled. The few that were not filled like the 3.6k and 9.6k, might have been closed...
Good morning traders, As we're going into the weekend I wanted to make a quick post regarding the Bitcoin CME future's chart, dates, and certain key levels within that for Q1 2021. IF, I was trading based off the future's CME bitcoin chart I'd look for a short term pull back, however this probably won't happen because bitcoin has been crazy lately but that's...
Watching the CME chart, I see 2 patterns. I think it is unlikely to reach the targets due to the selling pressure BTC keeps getting rejected at but if it broke, those are some big prices. Keeping an eye on institutional sentiment
Today is the opening day of ETH futures on CME. It is known that the desk for CME's Ethereum futures hold ETH. If so, they would likely be interested in hedging short on a cash-settled futures contract such as CME's ETH. They call it Ether. A travesty. Note: This is a short term bias. Invalidation on break of open price.
Hello traders long time no see as you know, all of the crypto markets are bullish now, but the key factor is that we need to see the fundamentals. ETH listing in CME is a big move that no one can deny grayscale buying ETH too so I definitely will put some in the basket and hold till the end of 2021 or, who knows, maybe 2022 technicals are smooth and reliable to...
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...
CME should benefit form the increase trading volume in stocks and options. The stock has had a huge decent but it looks like it could be reversing here after breaking the regression line at support. Rate of change also remains positive and its a decent risk/reward setup
$32,500 is the area of interest right now. If we break back above $32,500 on (spot) it's likely we get another push up towards ($36,140) which is likely where we get the 3rd validation point on the downtrend as well as the retest from the broken trend line (bearish retest) which if we get a rejection will send us back below $32,500 (s/r flip) from either support...
Hello All, Please hit the like bottom at the bottom right corner and hit the follow button for more charts and updates. This is a simple chart to show that since our last chart about Ethereum not having closed a Weekly candle below $580 was spot on along the parabolic fractal I had published back then (see idea on tradingview below): Currently, as we near the...
I wanted to point out there are 5 bearish CME gaps on the Bitcoin chart. These gaps are located around $23360, $18355, $9680, $7580 & $3570. My opinion about this is that $23360, $18355,$9680 and MAYBE $7580 get filled. This is still possible and BTC could continuing keeping its uptrend on bigger timeframe. If BTC breaks this uptrend, it will likely go even...
Just a quick look at the gap. Can we hit 40500 and fill it?
Here is some fun Chart Art While everyone has their eyes glued to that CME Gap and believing it will hold for support.. Smart Money understands Market Maker Mentality and can see a few square ups. Do you know what a square up is? But do you REALLLLYYY know..?
If you are trading Bitcoin or took our Sell Signal we must look at when to start buying back into the market or for Short position targets. CME future gaps are usually filled. The first one which was the most likely to be filled was 29-33K which was already filled (First green box) The second box will likely be filled 26-24K The final a bit less likely but still...