Potential Bull Flag waiting to play out on the BTC CME Futures Expecting overall decline in volume to continue until bottom of flag is tapped again and the CME Gap (green circle) is filled 1M candle printing out an attractive inverted hammer for August to add conviction to my bullish bias This implies we continue upward after filling the gap and buyers...
THEY NEED TO BE FILLED, ideal would be the pink line as it would fill 8500 then break the downward trend line to fill the higer one, the other one would be a night mare for #bitcoin
CME's front month Bitcoin Futures are poised for a bullish breakout and steep positive movement. After a downtrend, the futures have consolidated and started to form a pennant shape, which indicates that there will be a breakout and then a substantial up-move. The pennant has been formed with a series of retested resistance on top of the candles and sequential...
The indicator displays the spread between the September Futures Contract and Perpetual Contract from Bitmex. This chart is intended to help futures arbitrage trading. It can also assist with identifying correlations between price and delta. Message me if you are interested in learning futures arbitrage.
If you follow CME BTC Futures, it is common that any gaps between futures close/open are filled by either a pump or a dump. According to the latest futures gap, we may see 7200-7400 at some point in the near future (pun intended). This is my idea, not yours, don’t do as I do. Not Financial Advice.
Use profit/loss calculater function at bitmex exchange to know what I am talking bout
Short position open and set to close at $5070
Bear and bull fan lines with some key support/resistance levels, these lines have been in play.
BTC is currently pathetically trying to take a new Higher-high but it won't make it due to the lack of buying power, pressure from CME and CBOE. The former one (buying power) is obvious. Take a look at MACD, RSI Stoch and you will clearly see an immense divergence. Concerning the Bitfinex Long/Short indicator we can see how longs are being closed during this...
BTC has moved higher recently after breaking through support This region has now become resistance and this can be shown so far by the rejection of price on that last push We haven't really seen bulls come in with volume to defend these prices and with the gap still open below, the odds are high on a fill soon We would need to regain this supply zone for...
BTC has a rather larger than normal move over the weekend We saw price take another leg lower hitting the $3,400 region That did cause a gap down on futures BUT it was short lived as we popped right back into the void and have now filled it We continue to remain below both EMAs and below both monthly opens at the moment and until we can regain either/or...
BTC has finally come down and closed its first unfilled gap, which was previously mentioned in our charts We are very near to closing another one right below, which at this point seems very likely to be the next one filled A close below the SFP around $3500 would most likely result in a retest of lows so that is something to consider to bulls We have...
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...
We can see BTC filled the previous gap formed when we broke way lower on the future chart It took a few days but we did close the gap but there is still a smaller one left a little higher We are within reach to close that gap BUT a move lower could be followed How strong of a move lower? Time will tell but the reaction we get when we hit this next zone...
1. Price will go down to close 1h (maybe <1h, but I don't think so) gap on futures. 2. Price will go up above 1M BB Middle Band and everyone will be happy. if 2nd point won't happen we could see new LL THE END
I do not have time for a more accurate analysis but I decided to publish this idea which I think will come true in the next few days ;)