Helping the friends at CME with ETHHello CME friends! After my tremendously great BTC signals I am back to help you with this new "crypto thing" called Ethereum. So lets keep things simple and straightforward; why would you trade ETH? Well, I can sum the following reasons:
- ETH has the best fundamentals and adoption in crypto, full stop - period. (when this changes in a few years, you get notified)
- ETH has the best fundamentals for the emerging defi market.
- ETH has outperformed BTC since inception and will surge +178% against BTC in 2021/2022. (check linked post below)
- ETH just broke its ATH and key resistance and will hit 3000$ in May and is likely to 3 or 4x in 2021.
- Everyone loves ETH even though they pay ridiculous
Do you need any more reasons?
For my crypto followers; ETH is a very young asset on the CME exchange; as you can see from the chart; its like a new coin launched on an exchange. First a dip and then.... ;)
IMPORTANT: this not financial advice and pure educational - trade or invest based on your own risk and research.
Cmefutures
Bitcoin in April / May 2021: the road to a new ATH!BTC & CRYPTO MARKET UPDATE: Like I updated last night already when we were right in the action; it is / was time to shop crypto again! I see some people confused over what happened last night so let me explain. First off; to my followers this shouldnt have come as a surprise as I clearly stated that I expected a dump and a recovery right after. You can check my last posts; even my bearish ones and its all in there. We bounced beautifully from the 700 EMA (black line) and the bull market support trend line that was support all the way back in the corona dump of last March. This is a very bullish sign as the last time we bounced off from the 700 EMA we had massive pumps to the upside. (scroll back in the chart to see it)
END OF THE BEAR TREND
So for last week's bearish scenario we had a target of 44K; a target that I stated at a BTC price of 64K already. Now we almost hit the target as we went down to 46K to immediately recover in the same move. So basically everyone who went short on the move down got tricked and stopped out or liquidated as the market maker immediately went for the zone of liquidity; which is obviously bring the price back above 51K. This forced many traders to close shorts or get liquidated which boosted the price even more. My short signal was well above 57K and I would never advise to short a bottom. Instead I closed my shorts at 47K and immediately opened a long after that which is well in profit right now. So in essence; the move down was just to induce traders to go short and grab liquidity (BTC) from them.
BTC MAY 2021
With the upcoming CME futures expiration I expect BTC to stall around 53-56K levels at date of expiration and then shortly after make a move to the upside. This would mean most longs from last month are in loss but traders will see hope for recovery which induces them to extend their future to next month's expiration and we might see some shorts getting closed or liquidated; which will boost the price. So what I project is the BTC price to stay in zone 1 untill futures expiration and move to zone 2 next week / weekend. We might already see a move to zone 2 next weekend given we grabbed enough liquidity around the mid 50's levels. This means we can move easily into zone 3, 4 and maybe even 5 in the month of May. If we see BTC move into zone 6; we might (not will!) go parabolic to way higher price targets but nothing can be said of that right now; however if we break level 6 and move a level higher; we are making a massive move. It is not what I project and thats why the box is red but it is a scenario we keep in mind.
BTC THIS WEEK
At this very moment we are fighting a heavy resistance cluster inside the orange circle; we can break it now or in the next days. BTC could come down again to consolidate inside box 1; which is totally fine. We want BTC to at least stay inside box 1 and above 51K to have further confirmation for a bullish trend. Another point is that we want to see the RSI break the 61,6 levels and set a new high to confirm a bull trend. (green cirlce in RSI) I project BTC to hit box 2 this week and to range trade there until the futures expire this Friday. We will have to see what happens on Friday but I project a move to the upside; however we need to stay sharp to see how the CME futures traders react to last month's price swings. Long live the bull market!
BTC Update (CME Futures)BTC CME Futures indicating that the (large) move up earlier today has ended. Hoping that we move into some (boring) consolidation for a few days after so much volatility and then continue higher.
Best,
-Bill
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CRYPTO WATCH // 02: BTC CME Futures open (26 April)BTC broke down from its bearish pennant and is in a free fall at the moment and with the CME opening in 10 minutes this could make things worse. We are at the verge of calling a bear market! I personally think we can expect a bounce at 44K but going below it; I call a local top and a short term bear market There's still hope, we have a big gap above which could get filled in the coming week but if we do not have a good bounce upwards and recover to the mid 50's; this crypto bull party is over...
A live chart right here; lets see what happens!
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
YM1- Dow Jones - Short The Dow Jones (2h) chart shows us a strong upward trend registering historical highs, but we expect it to take a break of up to -2.4%, showing a decrease in the volume traded, to later rise due to the news of the stimuli and / or the political or social circumstances of vaccines without having events or important news scheduled CBOT_MINI:YM1!
Let's also take into account the RSI that indicates sustained overbought levels
This is just a suggestion, it is up to individual responsibility
NQ Futures - Long Posicion Based on the next stimulus events, the news and reports we have an upward expectation, breaking a strong previous downward trend of 4h, and respecting a previous support of 4h, to reach 61.8% Fibonacci
In addition to a MACD that indicates reversal, creating a divergence between the lows
All publications are ideas, not alerts, subject to own responsibility
Bitcoin indecision candle The Doji Star has been printed on the CME daily close for the week, interesting fact when you look back on historical charts CME opened trading on BTC futures December 18th 2017 and the real downward pressure of Put options began.... have we reached the top or are we going to get a blow off top formation
BTC - Trade the trend until It breaks Well BTC is still retaining its bullish market structure and no doubt will continue to punish those who short every new ATH .
Everyone seems to be calling for a big correction but lets be honest if everyone is calling for it does that mean they get it .
As the title says "Trade the trend until it breaks " and right now there is not much to indicate that the correction is here although of course that can change but until then trade what you have and that is Bullish MS.
The CME closed on friday at 55900 so there will be a gap to consider that most likely gets filled when we pull back .
If you dont have a position and are looking for a possible entry then this seems like a good area to look for longs .
Volume Profile aligns nicely with the 618, 9EMA and the CME Gap .
Like and Follow if you appreciate my work ..Posting setups and content daily ..Tyvm
Bitcoin CME futures chart (dates & levels) BTC (Q1 2021)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 what the charts say.
"The markets can remain irrational longer than the trader can remain solvent"
These levels are significant levels and as you can tell certain gaps are filled, and most aren't.
I'll post updates to this chart at the end of the weekend and as weeks come.
Please get this technical analysis to +30 likes to unlock Monday's post! 👍
ETH: Bulls&Bears FigthNew ATH or test other levels below on an often corrective February?
We are on the way to point "C" on this descending triangle that (until now) on a bull market is often breaking to the north side... In order to do that we must exit "immediately" because if we'll be going in the direction to point "D" we'll struggle with a lot of resistance.
Maybe we'll know better tomorrow ("CME is about to open its doors to ETH futures trading").
Let me know your opinion.
NOT TRADING ADVICE. Do your own research.
Parabolic curve step like formation on ETH"At the end-point of Base3, indicated by the "X" symbol, the stock could double in the shortest period of time", as we can see ETH did more than 140%.
We are in the last stage of this parabolic move, the upcoming CME Futures on February 8th may be a great "sell the news" opportunity.
*Remember about setting a proper stop-loss appropriately to your position!
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!
A bigger h&s with an even lower breakdown target appearsWe now have a bigger h&s with a more traditional horizontal neckline in play that if we were to trigger has a breakdown target around the mid 16,000s. Of course we must await confirmation...but this could potentially trigger a very deep correction....one item of bearish onfluence is there is a me futures gap around this range so a correction this deep is not impossible. Currently low probability we would go that far even if we did close candles below this neckline but worth considering all the same. As of now nothing is confirmed and a fakeout is still very possible. As always await confirmation.
5 bearish CME GAPSI 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 lower than the $ 3570 bearish gap.
CME BTC Futures - The Story of the Gap Fill Fake OutHere 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..?
Bitcoin Futures Another Symmetrical TriangleBitcoin CME Futures are so gappy these days because of the high volatility during the weekends, so I decided to write my own script to follow them. This last one is looking like an exhaustion gap after having a breakout gap on lower levels. But currently, there is a symmetrical triangle, which if broken downside we might test the gap support line at 26,645$. However, if broken upside we might try making a double top or just go around 36,000$. I am being very careful with my positions on these levels, I am waiting for confirmation with a candle close or very high volume supporting the break. Let's see if we are finally going to get the retracement that everyone is waiting for.