Get some popcorn and watch my subjective interpretation on why current price action is not looking good at all despite the ongoing mark up.
Some talking points include:
• Monthly and Quarterly Charts
• Orderbooks and order clusters
• Grayscale Premiums
• BAKKT and CME Futures basis premiums
• Options Put/Call open interest distribution and...
The “Bitcoin CME Gap” is the difference between the trading price of a CME Bitcoin futures contracts when the market opens on Sunday, and when it closes on Friday.
In 77% of these cases the retracement occurs in the subsequent week, before the next CME market open.
No matter which type of trader you are, never forget: “mind the gap”.
Is Bitcoin a commodity? NO! The scammers on Wall Street manage to think they can manipulate the price of Bitcoin via arbitrage? Sorry banksters, your decades of travesty are over. You have a month to pack your boxes and follow your Leecheman Brothers!
The World has been ripped off by Wall Street. Well, liberation is as simple as a math formula and the...
I've been exploring CME Gaps for sometime. Here in this chart I go through several of the most outstanding gaps left in the BTC market.
Tonight was a wonderful example of how CME Gaps can lead you astray. Generally speaking, CME Gaps are filled relatively quickly, and or the gap price hovers closely over the weekend, so the fill almost goes unnoticed.
So, what it means?
My strategy using Binance chart ONLY.
Binance chart touched 200 SMA Day timeframe - strong short signal.
Because of strong Short signal - I drew 5 downtrend waves.
But CME does not touched!So, my arguments for short are destroyed.
Ethereum/USD (February 1st 2021 through March 2021)
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...
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...
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..?
Relevant weekly CME targets.
AS WELL AS
With 93% of one of these goals, the price reaches one of them.
You don't need to invent anything - there is a flat (I am working in it now)
For those who do not know how to work in this situation, I write -
Going beyond the border of this channel will show you the way, either update the bottom if...
CME futures are printing major bearish Divergence in the RSI with higher high on price and much lower low on RSI showing weaknes at the top as well as the Stochs getting kicked out of the Bullish trending Zone
BTC looking very strong on the weekly, although will it repeat the same pattern as July this year? Having broken two year weekly resistance levels Bitcoin is clearly heading up, how long will it take is the question.
Today is Monday and as you can see - CME Bitcoin futures created this GAP. Based on history, we have 100% chance, that the gap will be fully or partially filled. There should be a lot of buyers at the horizontal resistance of the triangle. This trade is only a short term quick trade, so there is nothing to be worry about. I expect a pullback to 11 000 - 11 200...