CryptoBanda

CryptoBanda

I have put some effort into this update of my CME chart, and I believe I have covered everything. Although CMEs do expire, I have marked all of the "open ones" in this case. The main reason I focus on CME gaps is that when I see a price heading towards a gap, there is a higher likelihood of it being reached. So if my take profit (TP) is close to a gap, I would...

CryptoBanda

Fib pull from the top to the bottom of this move: A strong rejection off of the 0.5 fib is considered to be a dead cat bounce. In this case, the price was not accepted back above and therefor further down side (below 0) is quite possibly on the line. Check Morpheus, showing us the perfect setup for a short. A key support / resistance flip level for me would be...

CryptoBanda

When in a strong uptrend, a 0.382 retracement is a considered to be a healthy pullback. In this example we did clearly deviate out of the 382 but were then able to reclaim it as support. The idea here is that we could be seeing a healthy pullback before another rally. I am not a bearish or a bullish trader... I simply observe what the charts are serving me and try...

CryptoBanda

I'm going to post these gaps up every weekend once the CME has closed. As a trader, this is something you should consider in your TA. Be very careful of fake-outs as often times the price will get very close to the CME gap and then reverse and grab several percentage worth of liquidity before it it finally does fill the gap.

CryptoBanda

In this CME chart I've outlined all the gaps that we haven't filled during this bull run. If you feel I missed any or have any corrections please don't hesitate to comment or PM me.