All open BTC CME Gaps - 19.04.2021The lowest of the 2 high gaps got closed, now there is a big gap from weekend drop, with a small inside
Cmegap
BTC CME Gap at 60.3k!Here's a quick look at BTC CME 4 hr Chart. As we can see, we have unfilled CME gaps at different price ranges. These gaps Tends to get filled very often. Tho there's no specific timeline for when they'll get filled. Right now there's a gap at 54.3k And it makes sense for the market makers to push the price down again to fill the gap as the price is already close to that price range. Also we've now got a gap at 60.3k which obviously mean that the market makers now also needs to push the price back up to 60k to close the gap there.
A gap is a break in the graph of the trading prices of an asset, in this case Bitcoin. So if BTC closed at 8700, then opened the next session at 9400, there would be a 700 point gap in the chart. Some traders believe that gaps will get “filled.” Meaning the asset will go back down, in this example, and “fill the gap.”
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Bitcoin Dump creates HUGE CME Futures Gap to the UPSIDE! (BTC1!)BTC1! CME GAP 📉
The CME Futures currently has created a gap due to the dumpage experienced last night. (60165-51370, BTC is currently at 55,550)
Taking into account that BTCUSD fell out of a rising wedge (Red) the technical target would be in the 45k area..
However seeing that there was a PERFECT bounce off of the bottom this ascending channel coupled with the fact that a major CME Futures gapwas created to the upside, the target of the falling wedge does not necessarily mean it has to be met.
Bitcoin price hit 51,500 area (Bitstamp).
Perfectly testing the bottom of the ascending channel that Bitcoin price action has been in for the past 69 days.
Now lets take an in depth look at BTC, first from an Eagle Eye perspective.
This Weekly chart shows Bitcoin trend for the past 8 years weaving in and out of these Fibonacci channels.
If you look close you can see the important of these Fib channels as Support and Resistance throughout BTC history.
As you can see as we zoom in to take a closer look, Bitcoin has been testing the .786 Fib channel for 9 weeks now.
Slowly making higher highs, while at the same time being rejected from the .786 Fib trend-line each time BTC created a new ATH (3x).
With the last rejection coming from 65K.
Taking a look at the 3 day chart, we can see that No Major trend-lines have been broken by yesterdays price action.
Both the longer term (blue) ascending channel that started in the 10k region,
And the shorter term (yellow) channel are still intact.
Now a bit on the bearish perspective.
Today's Weekly close will be very important, and will likely determine the direction that Bitcoin will follow for the next weeks/months
BTC needs to close above the 55K level at very least to regain its bullish momentum.
A close below 55k could lead to retest of lower support zones
Keep in mind that we have not had a retst of the 21 Weekly averages since we broke 10k.
During the 2015-2017 Bullrun Bitcoin retested and closed weekly candles above these moving averages about 7 times
This was the way we knew that we were still in a bullrun!
38k-43k has ALOT of support to offer Bitcoin in case of a deeper pullback in my opinion.
Looking at this chart we can see ALOT of confluent factors for SOLID support for Bitcoin in the 40k area.
21 Weekly EMA (43.5k, Orange)
21 Weekly MA (41.3K, Blue)
.618 Fibonacci Channel (Yellow diagonal)
Previous ATH (42K)
5 weeks of resistance between 38k-40k (Support Zone)
Weekly RSI is still in bullish @ 65
Weekly MACD is not looking the greatest and could possibly cross bearish in the next week depending on price action.
But Bitcoin pumping from these levels could change the structure of the MACD.
Histogram does show downward momentum, but is still positve
This could very well be a shakeout of weak hands on Weekend Volume.
Or it could be the beginning of a deeper retrace to the 40K levels.
Either way I DO NOT believe this bullrun is over by any means!
Stay tuned for more updates as price action develops.
I hope that you have enjoyed my analysis I will update later tonight after the Weekly close!
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-Cryptonacci
BTC and BTC Dominance TA (Y21.P2.Video10).Quick status update
Hi All,
Quick update on price and how the CME gap can play out.
Previous video post in context to this >
Cheers,
S.SAri
BTCUSD W PATTERN POTENTIAL BREAKOUT AGAIN!! WE LONG OR SHORT?!After out last prediction we did manage to reach a high of around the $60k level of the previous high on March 20th. Struggling to break our long term trendline that can be seen in our previous ideas, and unfortunately falling short of our price target. With seeing around a 5% retracement back to the level of around $57k where there is huge support. today we have created a new W pattern, commonly a bullish biased pattern, which was filling the gap on the CME chart, knowing used by the institution's purchasing Bitcoin. These pull backs within the bull market tend to be a reversion to the mean where there is need of liquidity. We are now at the neck line of the W pattern looking to hold the level of around $58,850, if so we have a potential long position for the breakout of the previous high, with a target price of one that has come up a few times! $61000!! This would be us taking the high/neckline of the W pattern to the low.
Are you still Long or do you think we are coming back down to the $57k level or even further?
Let me know your thoughts in the comments!
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 :)
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)
