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On BITCOIN is nice to see strong sell-off from the price 22700 and 23340, there are nice to see strong volume area....
Where is lot of contract accumulated...
I thing that sellers from this area will be defend this short position...
and when the price come back to this area, strong sellers will be push down the market again...
Downtrend + Strong volume area is...
Something to watch as a guide. Not trading off of this, but using it as a verifier.
Good timing on the low so far. maybe a bounce from here and then a look at the next level lower.
We shall see.
Fibo
What is CME Gap? (Chicago Mercantile Exchange) ( CME )
A CME gap is created when the price of Bitcoin opens above or below the previous day's close on the CME exchange.
One of the prime reasons for CME gap creation is that CME markets remain closed over the weekend and during a part of the day. Bitcoin, on other spot exchanges, is traded 24×7.
Historically, the...
Hello Everyone!
Quick analysis on the BTC1! (CME Futures) chart in correlation with potential market moves over the next few weeks!
Futures gaps are looking naughty, and whilst i do believe we have witnessed momentum gaps (Runaway/Measuring Gaps) forming over the past bullish moves, i cant help but feel the market wants to fill them in now, and not later as can...
When Bitcoin was trading at around 60,000 level in late 2021 and before that year, whenever friends, acquaintance and participants asked my opinion about investing into cryptocurrency, immediately I knew they may not know much about cryptocurrency.
To clarify, I am not an expert in cryptocurrency, but I know its intrinsic value could not be calculated then and...
#Bitcoin CME GAP Chart:-
$Bitcoin Currently trading at $22,000
As per Market sentiment Bitcoin is Bullish in Lower Time Frame.
And Two CME GAP $23795 & $18460 GAP filled after My Chart Post.
As per Data max probably all CME Gap filled.
So now in BTC Chart:-
December 2020 to Till now total 10 Gap in Daily Chart .
CME GAP 1 = $18460 filled ✅
CME GAP 2...
There is a gap in the CME Bitcoin Futures pair, currently below.
I think this gap could be filled in the future. I would short if the 2 period RSI increased to over 95. This oversold reading would be required for the short idea.
However, I would look to long, if price moved above the red area.
I think the VWAP could help to find a better entry on smaller timeframes.
Looking for some downside here before a move back up to $31 k or so... Should move short with the banks and tech and market next couple weeks of choppy trading and downside imo...
✅BITCOIN was trading in a rising wedge
But now we are seeing a bearish breakout
So I am bearish biased and I think
That the price will fall down
To retest the demand level below
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
Taking a closer look from the last chart:
1. LVA's are low volume areas and prices will typically travel faster through these
2. CME GAPs were made on the way down and are likely to be filled on the way back up.
3. 63D from bottom of last comparable bear flag to top suggests comparable time frame for this flag.
4. Last drop distance measured gives us a...
Bitcoin came nicely down, into the gap seen in Dec 2020. These gaps firstly act like a magnet but once they are filled, the reversal can occur as new orders are triggered in that area which can have an impact on price. So far, we can see a nice turn-up, with the next open gap from here at 28-29k.
BTC TO $9735
CME GAP TO FILL FROM JULY 2020 THROUGH SEPTEMBER 2020
Will it be a quick wick or will we need to range here?
Lot of GAP news lately....
No leader
Kayne got the GAP on his perfectly black hoodie covered shoulders for now.
New Leader incoming.
The GAP will be back in September...
www.cnn.com
www.complex.com
Woudln't be surprised if we gonna fill those gaps and visit liquidity area above 21690 (value area).
Btw : there is also gaps between 34500/35900 and between 27500/28800 ^^
Fibonacci Support & Resistance levels.
Triple Cross UO
OB < 60
UO < 50
UO2 < 50
UO3 < 50
=> Oversold condition of the market
Some spike can be expected for short-term moves.
Mid-term perspective depends on patterns and behavior of the market near blue separator. By the time price enters green zone braking out of blue separator, bears will be shaken...
fibs are set to default mode:
a - a.236 - a.382 - a.618 - a.786 - b - ...
Previous mode:
a - a.272 - a.414 - a.618 - b
Current default mode has more units to cover group of patterns which contributes to higher visualization of logical consequence of fluctuations and interconnectedness of market volatility to the nature of fibonacci phenomenon.
Any impulsive wave...
CME
