How often have you heard this term “CME gap” on Twitter, Reddit and other social media platforms. People usually refer to CME gaps during and after the weekends. “There is a CME gap at $9800”, “Bitcoin is about to make a huge gap on the CME chart”, “gap has been filled” and so on.
What is CME
CME stands for Chicago Mercantile Exchange. It is the world’s largest...
Well in a short space of time, BTC has arrived at yet another CME GAP. Price is currently hanging around inside of this gap and awaiting its next move.
This update features all GAPS that are currently available and Unfilled... You can notice how price action has almost 'hunted' for these gaps in the past.
Current unfilled gaps:
SUPPLY:
-34455 - 35180 - Clean...
+46% since 10 mar.23
overbought
The rally was triggered by bank liquidity problems
Sell the news
It can keep going up if they keep failing banks.
For the first time BTC shows to be safe haven.
I expect a general fall in the markets after the FED on Wednesday
We have two gaps too the downside
One too the upside +7k too 35k
downside too 20100 +$7,900
Gap has been filled here at 27k
Finally attacked
Close above 29k
Like, I said in other post
Probably off too the races and attack 35k next
Just updating my CME chart
Last time we're showing the Inverse Head & Shoulder for $BTC.
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The Neckline shall serve as support from here on in. IMO this has to be the end of the bear. We called it a lil early, mid February, but it looked like it then & it's confirmed now. Weekly chart is amazing.
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Back to daily. #BTC is getting oversold on daily as we close in on the gap fill, top dotted...
This is what I expect bitcoin to do over the coming 2 years or so. Unfortunately I think this will suck more money into it before it ultimately bottoms below $10K again. First gap above will be filled this week with most likely a pull back to 200 weekly EMA. Then it will gather strength to backfill the last gap above around $35K and then it is lights out for BTC.
The chart shows that the gap beginning from $27,455 zone is about to be filled. Technically speaking, consolidation of BTC will commence after the gap has been filled which will lead to filling the GAP at $20,000 zone.
Note that some factors which include macroeconomy factors are bound to invalidate the above analysis.
Ps: THIS IS NOT A FINANCIAL ADVISE
#Bitcoin
Swing target reached after less than 4 days.
CME gap at $27k is about to be filled.
Playing against the sentiment made us wealth again.
Next target: $32K
Besides technical indicators as you can see on this BTC futures on CME there's a price gap between 20360 and 21095 USDT. So far every previous gap has been filled again so I expect this one to be filled too.
On the other side DXY looks bullish:
If the trend remains the same BTC will likely see a correction.
Personal opinion: I think we still have to...
3 steps of BTC price based on CME gap
The trend is bullish and the BTC price will hit the gaps made above and under current price,
it can be expected thet price hit the 1st step (27k) then step2 (21k) and consequently the 3d step (34k)
dear traders bitcoin has opportunity to goin up i expect price will be up to 30.000 usd
take the chance no risk no reward follow the instructions
best of luck
A lot of resistance at ~24.5k, coming from a long-term channel since the ATH, and the local high of ~25k in mid-Aug.
Shorting given a recent decline in volume and OI slightly declining at these prices. . However, upon doing so one must consider the bull/bear case that may play out.
BULL :
Nov. 15k was the bottom, and we may either be in a new bull market...
Couple of my followers asked WTF is up with crypto, lol.
Megaphone pattern. Usually a reversal pattern, though it can be a continuation pattern as well.
Not actively trading it in either direction, I find timing to be really tricky since everything seems to depend on whatever crypto news comes out.
Incredible resistance at the 25200 area showing strong sell pressure.
Some narratives that are taking place right now :
-CME gap filled from Jan 13. Although not always true, many traders have the belief CME gaps are always filled and the narratives in the media are used to reach to those gaps. We just filled the 19500 gap.
-Fud and fud everywhere with...
