As the world begins to build a new financial system away from the dollar, we will look to short the dollar until new money flows back into crypto
BTC is currently overbought and needs a pullback to retest $41K-$42k for much stronger upward move ahead. You could also view through the CME gap around the $42k which we expect to fill before the weekly closing(Friday). At this point I will be opening a short position around the 44k-45k targeting the CME gap around 42K.
Here is the current state of all open CME Gaps. Lets see how fast we close the upper Gap. ;)
My first Idea after going over my green line of my megawedge: CME Gap is still open on 40935: So i think we going to close it in next 24h
Hello Friends! Can this be a slow bleed to fill Bitcoin’s CME gaps? Bitcoin has already filled one gap between $32k-$34K. Now there are still two open gaps. -$24K-$26K -$18K-19K It’s still on a downward trend with week over week lower trading volumes. Maybe it needs to continue to follow this trend to fill the remaining gaps before we see any meaningful reversal....
- The huge CME gap on bitcon futures has been filled on the weekly time frame. - Also we have a bullish reversal candle - hammer, which indicates trend reversal. - The price is printing higher highs and higher lows, that is ofcourse very bullish. - ABC correctnon (5-3-5) completed successfully (see my related idea for detailed Elliott Wave count below).
Hello friends, I am showing you the CME gaps I circled for Bitcoin (BTCUSD) on a 1D linear chart that I was able to spot. The CME gap is the difference between the trading price of a CME bitcoin futures contract when the market closes on Friday and opens on Sunday. The reason I am showing this chart is because though CME gaps are formed, the price tends to get...
## Bottom Line - Weekly closed with a massive bear bar on its low. - That low is going to break. - Likely outcome of this week will be a Doji Candle - ...meaning there will be a strong rally after the low is broken - A rally should top out between 4,457.25 and **4,492** (Thursday Settlement is in the middle at 4,475) - My expectation this week is we will...
Bitcoin cme fap futures filled, I'd long here with a tight gap. Indicated potential tp levels. NFA.
In this idea I've used the following: 1) Agled Dotted Trendline that coincides with a FIB level of 0.618 to indicate Support 2) Angled Trendline in Red to indicate resistance 3) Horizontal Support Lines to indicate the next major supports 4) CME FUTURE Gaps, to indicate regions where BTC might potentially move.
Its possible if the bear have still controll and want to push the price more down, we are going to fill these gap.
On futures, it looks more clear if 40k hold we will have a retracement around 50 to 56. Looks like A or first wave to down according to the time we spend while retracement we will decide is it A or 1
I created this chart to visualise the BTCUSD / CME Futures deviation on weekend In blue: Coinbase spot BTCUSD minus CME Futures price In orange: Coinbase spot BTCUSD In cyan: CME BTC1! futures price Gray bars: weekends Clone this chart & make a copy. Try it on daily and 4/6 hr timeframe At the weekend price can deviate up to $2,000 or more from the CME...
Btc cme gap created. Remember cme close sooner or later. Enjoy the weekly manipulation.
Hello Padawans, According to the past, 90% of CME gaps have filled at least by a spike. Okay what is a CME gap? The gap is the difference between the closing and opening trading prices of a CME bitcoin futures contract on Friday and Sunday. There are no trades between Friday's closing session and Sunday's starting period, resulting in the gap. The gap can also...