BTC unfilled CME gaps!
BTC has continued its uptrend over the past few weeks but has been leaving a trail of gaps behind it
The most recent one being from 3990~3875
We also have 2 others below 3685-3650 & 3165-3150 and another one higher above 4410-4375 , which coincides perfectly with the 48EMA
Whether we clear the higher one first before trending lower or return below to pick up the crumbs before breaking out higher waits to be seen
We have had some accumulation over the past few weeks as we can see from the 'ultimate volume' indicator but nothing to brag about
The CMVP seems to have topped out so a pullback could be expected as we look at this bearish Daily candle forming (still very early)
Thanks guys
Cme!
Oil, buy entry for Monday (Trading Plan)Oil open buy at $52,03 on Monday
S/L: $51.64
T/P: $53.60
T/P: $54.40
- Price broke up Mirror level
- Daily candle close above it
- Risk /Reward — 1/5
Use proper risk management (risk per position less than 2%)
I set a pending buy limit order and you can do it like me.
$BTC LOG SCALE ON COINBASE FAT BEARIf you look at the daily Coinbase chart and switch it to a log scale chart. Then you will see that the uptrend is stronger than you thought but you will also see that we have been in a Bear market since price closed below the 200 EMA back in January of this year. I have been told that many long term institutional investors use Log Scale charts -vs- standard Linear Scale charts when they are making TA decisions. Either way I feel that it is in my best interest to try and swim in the direction of the current. With that being said institutional money has been short since last December when the $BTC Futures contracts launched. Who do you think ran the price way up to $20K just so they could short it at the tipsy top? Every week since they have been short, balance heavy in the futures market so until we see them swing their positions to the long side then I feel that we are looking at more downward pressure. Not only do we have problems with several adult man children fighting over their toys ($BCH Drama) but their is no one with a vested interest to defend $BTC at this level. What I mean by this is, when the CME and the CBOT decided to launch $BTC futures contracts then on that day they started buying physical $BTC and how many years did it take them to stand up their products? How many years ago was that? The institutions are into $BTC much lower than many would think so don't be surprised to see $BTC slide to $1,500 or lower. Just my 2 nickles. DCA + HODL = Success. Viva La Crypto!!!
Total Coin Market Cap : 2014 vs 2018 -(2)Caution) The main chart above is for BTC. The Coin Market Cap chart is in the comments below.
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1. Total Coin Market Cap
2. A Comparison of Total Coin Market Cap : 2014 vs 2018
3. BTC Cap(red) vs Alts Cap(blue)
4. A Chart for Futures(CME, CBOE), Pattern and etc
1) The Comparison of Coin Market Cap(Coin Cap : about 180 billion $)
- Stock Market Cap around the world : about 56 trillion $ / 0.36%
- Korean Stock Market Cap : about 2000 billion $ / 10%
- Samsung Electronics -3.07% Cap : about 250 billoion $ > Coin Cap
2) Current Coin
- Coin Cap : 180 Billion $
- Bitcoin. Dominance : 53%
- Volume by National Currencies : USD(55.2%), JPY(39.8%), KRW 1.56% (2.4%)
- coinmarketcap.com
- www.coinhills.com
3) Futures Expiration Date : CME, CBOE
- CME Expiration Date
- www.cmegroup.com
- www.cmegroup.com
- CBOE Expiration Date
- cfe.cboe.com
- www.cboe.com
We like to trade expiration. Bitcoin analytics 26.10Hello everyone, friends! Our favorite time is approaching, namely the expiration date of CME futures.
If you know us for a long time, you should remember our successful trading recommendations on expiration. We will try this time to go in the same way.
Let's think what expiration gives us? Usually, the price decreased before expiration, and a couple of hours before it, it would shoot up. It was such that we walked in flat position, after which a helicopter happened all the same with an exit upwards, but there was also such that nothing happened.
Volatility should rise in this expiration, as it simply did not exist before. Flat week was not good time.
In addition, today, not only expiration, but also a response from the SEC about the previously refused ETF. So now double manipulation can be. It is not probably that a helicopter will occur at 600-700 points, it can easily go up by 300 points. Now let's get down to the facts, why are we waiting for price growing?
1. The market entered the stage of accumulation, and now, perhaps, the final stage. If so, he needs to discharge all this accumulation in one of the parties. If you think logically, then there is nowhere to fall.
2. News about the abolition of the ETF ONLY ONCE caused a drop in prices. The rest of the time - there was growth. This is the moment to think when the market does not respond to negative.
3. Expiration led in most cases to higher prices. There were moments of decline, but in the end, after a maximum of a couple of days, the price went up well. The falls were not strong.
4. The number of longs increased smoothly in flat, and this is not characteristic of the crowd.
In addition, the indicators indicate a lack of desire to move the price on both sides, but at the same time, our volume is gradually increasing. This again confirms the accumulation.
We expect this movement today or tomorrow. Let's see how it will be. In the private channel already placed orders.
Thank you for your attention!
CBOE/CME Start and Expiration Date ContractsThis is a plot of all the start, Last, and expiration of the CBOE and CME Contracts. I may need to adjust some of the dates but i would like to get contract dates and etf decisions or delays on one spot for referance. How do futures contracts affect the market? Will any denial of ETF's drive the price down or do us crypto traders not even care at this point? I personally dont care and feel that most everyone expects denials across the board until we have further interest from institutions across the board. We have seen some interests of late including Morgan Stanley, Fidelity, BlackRock, and more. We also have seen some of the best University's from the us show interest recently such as Yale.
I have read some other institutions interest but would like to see a clear list of for and against crpyto at this point. Slowly but surely interest is rising from institutions while retail investors have been shaken out this year for the most part.
If anyone has any information or date corrections please let me know in the comments! Have a good week.
Bitcoin CME gapsIn traditional markets gaps usually get filled. Bitcoin is a 24/7/365 market, but CME trading is not following the same hours. So far most gaps have closed but there are two bullish gaps left open. If the price doesn't go near 6190 before the CME markets open again, then there will be a pretty decent bearish gap that will have to get filled eventually
BTC CME Futures - Last pump before retest of the lows?Using both FIB levels at different anchor points, we can see where BTC has struggled in the recent past and where we can expect it to struggle again in the future. All gaps have been closed on the chart and we can see using the VPVR that the heavy POC area around $6425-$6475, which we expect to cause trouble again especially if the ETFs news doesn't yield good news.
RSI is resuming its move higher towards resistance and the MACD is slightly crossing positive. This, in turn, could signal a move up to our target short area where a trade can be entered at a better risk vantage point. Predicting patterns before they appear is never a good strategy but we could potentially see a possible H&S form if we get up to our short and reject back lower. Volume has also not accompanied this move up, which is another sign that this could just be a pullback before the continuation of the trend lower.
Keeping all this in mind, we don't necessarily need a break out of the triangle to test lower and we have already rejected and are hanging out near the top of the pattern. Any breakdown from here could spell bad news for bulls and bear just take over control and test lower again. We are currently in a no-trade zone with futures contract expiration today and we are expecting the next week or two to be very volatile.
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NQ LevelsNew market, old levels. I am finally dipping my toes in the traditional markets after I got a future account setup with AMP Futures .
Very Curious to see how the trusted TA from crypto will perform here.
The big distribution wedge I am talking about:
Big Trend obviously extremly bullish , would like to get a long entry at my yellow levels below.
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Keep the leverage low and dont get rekt.
The Real Reason Bitcoin Is Rallying to $7200...Bitcoin got a major push last night to the upper limit of our rising wedge.
We were expecting a pull back, but insofar Bitcoin has continued to rally without coming back down to give us a good entry.
Unless it has a good set-up with a high R/R (risk/reward), I don't like to enter. Many of the altcoins have been presenting us with great R/R's, which we have taken a lot of them in our VIP group.
Right now, what we are seeing is a pushing contest between the bears and the bulls.
I believe a target of $7200 is a solid target on this Bitcoin price rally because there was something known as a "gap down" in the futures market (which you can see on the graph attached.)
Typically with gaps, there is a pull back before resuming the trend. (which for Bitcoin is currently bearish)
This is known as a Gap Pull Back trade.
For Bitcoin, the Stoch RSI is maxed on the daily, so we should get a nice pull back for re-entry around $6700-$6800 if Bitcoin doesn't break down from there.
If we don't get the pull back, the R/R (risk/reward) is not in our favor as a pull back is overdue based on the stoch.
Target for the second gap on the futures market is around $7200-$7300.
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BTCUSD BTFNX thoughtsI would like what currently I'm scared of on current graphics.
Let's start with indicators analysis. As for me, I see a pretty good perspective for a BTC price. Currently, AO, MACD, Stoch RSI and RSI are awesome, I mean due to a daily chart all of them show that we can expect growth. Might be this could be confirmation that soon we will see the second shoulder and downtrend, but weekly charts are also good, due to indicators AO, MACD, Stoch RSI, and RSI are positive, also there is a huge bullish divergence on weekly MACD formed from 22 Jan 2018 with the first extremum on 14 Apr 2018 and second on 18 Jun 2018.
But we have to be aware of the H&S pattern which is rather a strong pattern, due to indicators I'm 75% sure that we will see growth to the second shoulder. Soon we will see growth confirmation or the H&S, so be careful with it, and do not forget to set stop.
As for me, I see a good perspective for a growth, let's say that I don't believe in a rapid growth, but I believe in a couple month growth. Due to the news, we have to expect good news in a couple of months ahead. Starting with CBOE BTC ETF verdict on 30th September, Nasdaq is about to add crypto trading on Gemini architecture in the second quarter, Intercontinental Exchange (ICE), who own NYSE said that they are working on a BAKKT platform for exchange crypto for USD and BAKKT will be fully regulated. All of this is just a tip of an iceberg, lots of new positive updates are coming.
Few words about crypto regulation in the USA.
So, I don't think that people who work at the ICE, Nasdaq and other companies who work in a crypto sector are that stupid to invest that kind of money and not be sure that everything is going to be ok)
I expect for a good perspective for a crypto in upcoming months.
BTW I think current problems around crypto in the USA because of low volume on BTC futures.
Sept 2018 BTC 4000/4500 or 7800?I was put the wrong chart in my last analysis and when I tried to rework again, tradingview just cleared all my chart so I have to do it from scratch ...
Anyway, here's my analysis for next month!
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CBOE/CME BTC Future Conspiracy Theory
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Some claim that both CME/CBOE BTC future settlement date don't relate to the price of BTC going up or down at all. But it's fun to think about it because everytime CBOE/CME settle their profit, the price like to pump or dump from the top / or the bottom for 28-30% profit ( in short or long ) almost every time. ( check my previous arrow ).
So that's why I believe that there must be something related to CBOE/CME BTC Future haha..
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My Analysis
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Ok, since the month CBOE settlement date is on Sept 19, 2018. I think about some possibility as follow ( Current BTC price 5950 )
Scenario#1 : Price jump back to 6400-6500 after CBOE settlement date ( Aug 15 ) then dump down to 4500 due to ETF Rejection.
* This kinda hard because market is kinda scare right now and people start to short if the price start to bounce back.. So it's really hard to happen.
Scenario#2 : Price just staggering at 6000+- for a while, then dump to 4000 after ETF rejection
* This is most possible scenario in my opinion, ETF will never get approve easily.
Scenario#3 : ETF approved, price jump to 7800
* Just some hope in this cryptocurrency market lol..
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Since the market still very strong bearish...so keep shorting when price bounce might be the best strategy for now.